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2 years ago

3. List the possible fees associated with a checking account and describe where you can find out about these fees.

Business

1 answer:

UNO [17]2 years ago

3 0

Answer:

Three possible fees associated with a checking account:

ATM fees: they usually applied to ATMs that are for general purpose, or that are not affiliated to your bank.
Overdraft fees: they occur when you try to withdraw more money than you have on your account, or when you overspend. They can be avoided by keeping control of how much money you have left.
Lost card fee: in case you lose your card and need the bank to issue it again, the bank will likely charge you a fee.

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Arbitration places a dispute before a third party for a binding settlement. true or false

kenny6666 [7]

<em />It is true that arbitration places a dispute before a third party for a binding settlement.

4 0

2 years ago

In a loan database, there are 66 loans to clients with 17 years of business experience. Also, there are 83 loans made to clients

lisabon 2012 [21]

Answer:

7 loans were made to clients with Graduate education who also had 17 years of experience

Explanation:

We have to solve for which is the intersection between the two groups.

66 is the count for +17 years

83 is the count for Graduate

the two groups is 149 loans

Then, we have 142 loans which are not part of both groups. Therefore, the difference are the loan count which do belong to both groups:

149 total loans - 142 loans out = 7

4 0

2 years ago

Six years ago, James Corporation sold a $100 million bond issue to expand its facilities. Each debenture has a $1,000 par value,

Sauron [17]

Answer:

present value = $848.29

so correct option is c) $848

Explanation:

given data

bond sold = $100 million

time = 6 year

future value = $1,000 par value

original maturity = 20 years

years to maturity left = 14 years

annual coupon rate = 11.5%

require return = 14%

to find out

what price would you pay today for a James bond

solution

we get here first interest amount that is

interest = future value × annual coupon rate × 0.5

interest = 1000 × 11.5% × 0.5

interest = $57.50

and rate = $\frac{0.14}{2}$

rate = 7%

now we find present value by

PV(Rate,nper, pmt, FV)

PV ( 7%, 28, 57.50,1000)

present value = $848.29

so correct option is c) $848

6 0

2 years ago

Consider a hypothetical closed economy in which households spend $0.70 of each additional dollar they earn and save the remainin

navik [9.2K]

Answer:

(a) 0.7

(b) 3.33

(d) -$147

(e) -$1 trillion

Explanation:

(a) Marginal propensity to consume (MPC) = 0.7

(b) Multiplier of this economy:

$=\frac{1}{1-MPC}$

$=\frac{1}{1-0.7}$

= 3.33

Initial change in consumption = Change in government purchases × MPC

= $300 × 0.7

= -$210 billion

(d) This decreases income yet again, causing a second change in consumption equal to:

= Initial change in consumption × MPC

= -$210 × 0.7

= -$147 billion

(e) The total change in demand resulting from the initial change in government spending is:

= Change in government purchases × Multiplier

= $300 × 3.33

= -$1 trillion

7 0

2 years ago

Six months ago, Benders Gym repurchased $140,000 of its common stock. The company pays regular dividends totaling $18,500 per qu

Studentka2010 [4]

Answer:

$168,400

Explanation:

Benders Gym repurchased their common stock at the rate of $140,000

Benders Gym pays a regular dividend of $18,500 four times in a year

For a period of one year 1,200 shares was issued at the rate of $38 per share

Therefore, the amount of cash flow to the stockholders for the past one year can be calculated as follows

=[18,500×4]-[1,200×38-(140,000)]

= 74,000-[45,600-140,000]

= 74,000-[-94,000]

= 74,000+94,000

= $168,400

Hence the amount of cash flow to the stock holders for a period of one year is $168,400

7 0

2 years ago