The amount that the company owe the bank in hard dollar fees, after adjustment for earnings credit is:$1081.
<h3>Amount owe after adjustment</h3>
Using this formula
Amount owe=Service charges-(Deposit balance×(1-Reserve requirement)×ECR× Number of days/Number of days in a year)
Let plug in the formula
Amount owe = 2500 - (4126000× (1-.10)×0.45%×31/365)
Amount owe = 2500 - (4126000×.90×0.45%×31/365)
Amount owe=2500-1,419
Amount owe =$1081
Therefore the amount that the company owe the bank in hard dollar fees, after adjustment for earnings credit is:$1081.
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The correct answer is D. manipulated accounting Procedures.
Based on the fact that the non-taxable life insurance benefit is $400, the amount that Joseph would have to earn is $555.56.
<h3>How much should Joseph earn?</h3>
This can be found as:
= Non-taxable benefit amount / (1 - tax bracket rate)
Solving gives:
= 400 / (1 - 28%)
= 400 / 0.72
= $555.56
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This is a sign of being drunk I think or dazed
In buying an existing business, the questions that would be appropiate for the prospective buyer to ask are the following:
- E. All of the above are appropriate questions to ask.
I was able to find the <u>complete exercise </u>online and the exercise had five options to choose from. These are the options:
- A. Is the business operating at a profit?
- B. Why are you selling?
- C. Are there any problems with the business?
- D. Will the customers stay with the business?
- E. All of the above are appropriate questions to ask.
The correct option was "E" because all the questions are not only appropiate but necessary to ask.
When buying an existing business, you need to know everything about the business and the reason why the owner is selling because it may make you change your opinion or help you make future decisions.
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