Business, 12.03.2021 15:30, hhhhhhhhhhhhhhh1509
You are looking for a bank in which to open a checking account for your new part-time business. You estimate that in the first year, you will be writing 30 checks per month and will make three debit transactions per month. Your average daily balance is estimated to be $900 for the first six months and $2,400 for the next six months. Use the following information to solve the problem.
Bank Monthly Fees and Conditions Intercontinental
Bank 1 $15.00 with $1,000 min. daily balance
-or-
$25.00 under $1,000 min.
Bank 2 $4.50 plus $0.40 per check over 10 checks monthly
-or-
$1.00 per debit transaction
Bank 3 $5 plus $0.25 per check
-or-
$2.00 per debit transaction
Bank 4 $8 plus $0.15 per check
-or-
$1.50 per debit transaction
Required:
a. Calculate the cost (in $) of doing business with each bank for a year for each bank.
b. Which bank should you choose for your checking account?
1. Bank 1
2. Bank 2
3. Bank 3
4. Bank 4
Answers: 3
Business, 23.06.2019 00:30, josephfoxworth
Emerson has an associate degree. based on the bar chart below, how will his employment opportunities change from 2008 to 2018
Answers: 2
Business, 23.06.2019 01:20, cbender30p860we
Suppose that fizzo and pop hop are the only two firms that sell orange soda. the following payoff matrix shows the profit (in millions of dollars) each company will earn depending on whether or not it advertises: pop hopadvertise doesn’t advertisefizzo advertise 10, 10 18, 2doesn’t advertise 2, 18 11, 11for example, the upper right cell shows that if fizzo advertises and pop hop doesn't advertise, fizzo will make a profit of $18 million, and pop hop will make a profit of $2 million. assume this is a simultaneous game and that fizzo and pop hop are both profit-maximizing firms. if fizzo decides to advertise, it will earn a profit if pop hop advertises and a profit if pop hop does not advertise. if fizzo decides not to advertise, it will earn a profit if pop hop advertises and a profit if pop hop does not advertise. if pop hop advertises, fizzo makes a higher profit if it chooses (not to advertise, to .if pop hop doesn't advertise, fizzo makes a higher profit if it chooses (not to advertise, to . suppose that both firms start off not advertising. if the firms act independently, what strategies will they end up choosing? fizzo will choose to advertise and pop hop will choose not to advertise. both firms will choose to advertise. fizzo will choose not to advertise and pop hop will choose to advertise. both firms will choose not to advertise. again, suppose that both firms start off not advertising. if the firms decide to collude, what strategies will they end up choosing? fizzo will choose not to advertise and pop hop will choose to advertise. both firms will choose not to advertise. fizzo will choose to advertise and pop hop will choose not to advertise. both firms will choose to advertise.
Answers: 2
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