<h2>Five Benefits and Fees that may differ among account </h2>
As Elliot wants to open a checking account and is searching for best option at different bank which is near to his house. The possible benefits or fees that may differ among the checking accounts may include
- A minimum amount of money to open an account.
- The cost/charges for a monthly statement.
- Service charges for the local or international transaction.
- Monthly withdraw limitation, this may differ as per Elliot's age.
- An interest rate or overdraft fee charged from Elliot.
Once Elliot finds the best option he may open the checking account in the bank that suits him.
Answer:
Explanation:
arithmetic average growth rate = {[(1.33 - 1.25)/1.25] + [(1.40 - 1.33)/1.33] + [(1.51 - 1.40)/1.40] + [(1.59 - 1.51)/1.51]} / 4 = {0.064 + 0.053 + 0.079 + 0.053} / 4 = 0.06225 x 100 = 6.225%
geometric growth rate = ⁴√{0.064 x 0.053 x 0.079 x 0.053} = 0.061%
a) using arithmetic average growth rate
Div₁ = $1.59 x 1.06225 = $1.689
P₀ = $40
g = 6.225%
40 = 1.689 / (Re - 0.06225)
Re - 0.06225 = 1.689 / 40 = 0.04222
Re = 0.04222 + 0.06225 = 0.10447 = 10.45%
b) using geometric average growth rate
Div₁ = $1.59 x 1.061 = $1.68699
P₀ = $40
g = 0.061%
40 = 1.68699 / (Re - 0.061)
Re - 0.061 = 1.68699 / 40 = 0.04217
Re = 0.04217 + 0.061 = 0.103174 = 10.32%
Answer:
Yes, there was a bilateral mistake of material fact.
According to these figures, Oak has more equivalent units of production for materials and fewer equivalent units of production for conversion costs than Maple.
Explanation:
The equivalent production unit is an indication of a manufacturer's work on the produced units, which are partially finished at the close of the accounting period. In addition the completely loaded units and the partially filled units are entirely fitted out.
The number of partially completed units x percentage of completion = equivalent units of production.
Oak : 58,000 x 65% = 37,700
Oak Equivalent units of production = 37,700
Maple: 61,200 x 60% = 36,600
Maple Equivalent units of production = 36,600
So, Oak has more equivalent units of production for materials and fewer equivalent units of production for conversion costs than Maple.
Answer:
Dr Miscellaneous expense $25
Cr Cash $25
Explanation:
With regards to the above, the $25 charged for a check printing fee, associated with their check in account is an expense, hence must be debited to miscellaneous expense account while the corresponding entry will be credited to cash account.
Hence journal entry would be;
Dr Miscellaneous expense $25
Cr Cash $25.
