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sergiy2304 [10]

2 years ago

8

What are the typical fees banks charge?

2 answers:

baherus [9]2 years ago

7 0

What are the typical fees banks charge?

atroni [7]2 years ago

6 0

The average monthly maintenance fee on a small bank checking account is $10.95, compared to $16.35 at large banks.

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Filer Manufacturing has 8 million shares of common stock outstanding. The current share price is $74, and the book value per sha

GaryK [48]

Answer:

10.45%

Explanation:

First find the cost of equity for the company

RE = [$4.60*(1.05) / $74] + 0.05

RE = 0.1153, or 11.53%

Then find the YTM on both bond issues

P1 = $950 = $45*PVIFA(R%,48) + $1,000*PVIF(R%,48)

R = 4.767%

YTM = 4.767%×2

YTM = 9.53%

P2 = $1,080 = $50*PVIFA(R%,16) + $1,000*PVIF(R%,16)

R = 4.298%

YTM = 4.298%×2

YTM = 8.60%

Total Debt = 0.95($80,000,000) + 1.08*($60,000,000)

Total Debt = $140,800,000

Weight of D1 = 76,000,000 / 140,800,000

Weight of D1 = 0.5398

Weight of D2 = 64,800,000 / 140,800,000

Weight of D2 = 0.4602

Weighted Average after-tax cost of debt

RD = (1 – 0.35)*[(0.5398)*(0.0953) + (0.4602)(0.086)]

RD = .0592, or 5.92%

Market value of equity = 8,000,000*($74) = $592,000,000

Market value of debt = $140,800,000

Total market value of the company = $592,000,000 + 140,800,000 = $732,800,000

Weights of equity and debt

E/V = $592,000,000 / $732,800,000 = 0.8079

D/V = 1−E/V = 0.1921

WACC = 0.8079(0.1153) + 0.1921(0.0592)

WACC = 0.1045, or 10.45%

7 0

3 years ago

Imagine you are running a bank and you are deciding how much of your funds to deposit with the Fed. Your alternative to depositi

muminat

If the Federal Reserve increases the interest rate that it pays on your deposits with them increase reserves at the Fed and reduce loans.

If the Federal Reserve increases the interest rate that it pays on your deposits with them, this means that the amount I deposit with the Fed would earn a higher rate of interest.

The aim of businesses is to make profit. As a result, I would increase the amount I deposit with the Fed in order to earn a higher rate of interest on my deposit and I would reduce the amount of loans I make.

To learn more, please check: brainly.com/question/14331161

5 0

2 years ago

Suppose the government wants to change the level of output. If the LM curve is horizontal, then

Feliz [49]

Answer:

a. monetary policy is completely ineffective, whereas fiscal policy is highly effective.
a. monetary policy is completely ineffective, whereas fiscal policy is highly effective.

Explanation:

When the LM curve is horizontal, a change in money supply will not impact interest rates which would make monetary supply completely ineffective because people will be able to keep borrowing regardless of the money supply level in the economy.

If the IS curve is vertical, it means that output is independent of interest rates. This would again render monetary supply completely ineffective as output will not change as a result of a change in money supply. Fiscal policy will still work however because it would lead to more output being created via the multiplier process.

7 0

3 years ago

Clooney Corp. establishes a petty cash fund for $200 and issues a credit card to its office manager. By the end of the month, em

Darya [45]

Answer:

Clooney Corp.

Petty Cash Journal Entry

<em>Sr. No Particulars Debit Credit</em>

1 Petty Cash $200

Cash $200

Establishing Petty Cash

2. (Employee Name;s ) Entertainment Expenses $25 Dr

Petty Cash $ 25 Cr

Recording employee petty cash expenditures

Credit Card Expenditures Entries

1. Postage, $44; Dr

Delivery, $69; Dr

Supplies expense, $34 Dr

Credit Card Payable 147 Cr

Credit Card Payable is a liability and appears in the balance sheet . It has to be paid in the future.

2. Credit Card Payable 147 Dr.

Cash 147 Cr

When the liability is paid this entry is made.

4 0

3 years ago

Hank Itzek manufactures and sells homemade wine, and he wants to develop a standard cost per gallon. The following are required

Oxana [17]

Answer:

total $3.36

Explanation:

required for producing 50 gallons of wine:

2,400 ounces of grape concentrate at $0.01 per ounce = $24 / 50 = $0.48 x 1.04 = $0.50

54 pounds of granulated sugar at $0.50 per pound = $27 / 50 = $0.54 x 1.1 = $0.59

60 lemons at $0.80 each = $48 / 50 = $0.96 x 1.25 = $1.20

100 yeast tablets at $0.21 each = $21 / 50 = $0.42

100 nutrient tablets at $0.14 each = $14 / 50 = $0.28

3,700 ounces of water at $0.005 per ounce = $18.50 / 50 = $0.37

Hank estimates that 4% of the grape concentrate is wasted, 10% of the sugar is lost, and 25% of the lemons cannot be used.

total standard cost per gallon:

grape concentrate = $0.50
granulated sugar = $0.59
lemons = $1.20
yeast tablets = $0.42
nutrient tablets = $0.28
water = $0.37
total $3.36

3 0

3 years ago