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2 years ago

When a customer opens a bank savings account, the bank, essentially becomes a(n) ___.

Business

2 answers:

puteri [66]2 years ago

7 0

it is a borrower for people of the future

Rzqust [24]2 years ago

5 0

Here are the choices on the given question:
A. lender
B. investor
C. insurer
D. borrower
When the customer opens a bank savings account, the bank, essentially becomes an investor. So the answer is B.
Investor because the amount of money that you put in your savings account is being invested by the bank to gain interest.

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Your total medical expenses, including premiums, must surpass 7.5 percent of your adjusted gross income to be deductible.

In this case, take his AGI and multiply by 7.5%. subtract that amount from the total medical expenses and you will have the amount that is deductible from his taxes.

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2 years ago

Read 2 more answers

Refer to the table below. what is the cumulative budgeted cost at the end of week 6? amounts are in thousands of dollars.

12345 [234]

The cumulative budgeted cost at the end of week 6 is $100,000. The answer in this question whose are amounts are in thousand of dollars is $100,000. So, the cumulative budgeted cost at the end of the week 6 is $100,000.Cumulative budgeted cost or acronym of CBC is the amount that is budgeted in order to accomplish the work that was scheduled.

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1 year ago

1. Potash Corporation acquired the voting stock of Safestyle Company on January 1, 2019 for $50 million. Safestyle's book value

Nataly_w [17]

Answer:

The correct answer for you question is $53, 300, 000

Explanation:

I have attached the complete question for you refrence.

Answer : $53,300,000

Explanation:

Equity investment in Safestyle: Amount $'m

Year 2019:

Cash 50

add: Net Income 2019. 3

less: Impairment of Goodwill 2019 -1

Closing Balance 2019. 52

Year 2020:

Opening Balance 2020 52

add: Net Income 2020 1.8

less: Impairment of Goodwill 2020 -0.5

Closing Balance 2020 53.3

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2 years ago

When the price of candy bars decreased from $0.55 to $0.45, the quantity demanded changed from 19,000 per day to 21,000 per day.

just olya [345]

Answer:

0.5

Explanation:

A screenshot is attached to get the full solution

Since the coefficient is < 1, it is inelastic

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2 years ago

From the ledger balances given below, prepare a trial balance for the Amaro Company at June 30, 2020. All account balances are n

prohojiy [21]

Answer:

Amaro Company

Trial Balance

June 30, 2020

Debit Credit

Cash $ 5800 $

Accounts Receivable $ 3000 $

Equipment $17,000 $

Accounts Payable $ $ 8100

Cleland, Capital $ $ 15,000

Cleland, Drawing $ 1200 $

Service Revenue $ $ 10,000

Salaries Exp $5100 $

Rent Expense $ 1000 $

Total  $ 33,100 $ 33,100

Trial balance is a list of all ledger accounts and cash book.

It can be prepared any time during the accounting period.

The debit and credit side of the trial balance are equal.

Expenses are debited . Drawing is an expense therefore it is debited.

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1 year ago