Marty selected Money Bank because of the features described below. Marty plans on usingnetwork ATMS 8 times per month. What are Marty's total estimated annual fees for a checkingaccount with direct paycheck deposit, two savings accounts, 1 overdraft, and no 2nd copies ofstatements?(1 Point)FeatureDescriptionFeesAmountNon-sufficient funds$34Checking AccountFree with direct2nd copy of statement$4deposit ofpaycheck1 account free,Network ATM useageFirst 2 per month free,$4 for each additionalSavings Accounttransactioneach additionalaccount $5/monthOnline ServicesFree with allchecking andsavings accounts

Network ATM usage charges ATM usage per month = 8 times First 2 times = Nil Next 6 times= 6 x $4=…

Answered: Marty selected Money Bank because of…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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4 (61) El Yaki- Celos Del https://newconnect.mheducation.com/flow/connect.html 4 1 Saved Help Save & Exit Check my vw Required information [The following information applies to the questions displayed below.] Oscar's Red Carpet Store maintains a checking account with Academy Bank. Oscar's sells carpet each day but makes bank deposits only once per week. The following provides information from the company's cash ledger for the month ending February 28, 2021. Date Amount No. Date Amount Deposits: 2/4 2/11 2/18 2/25 2/26-2/28 $2,600 Checks: 2,200 3,100 4,000 1,500 $13,400 321 2/2 2/8 2/12 2/19 2/27 $ 4,600 322 650 323 2,400 2,100 324 Cash receipts: 325 450 326 2/28 950 2/28 1,800 $12,950 327 Balance on February 1 $6,700 Receipts Disbursements 13,400 (12,950) $ 7,150 Balance on February 28 8:41 PM earch 3/8/2020 80 K. H.
Alek has been a credit card user for several years. He always pays his monthly balance in full on time. He can therefore expect the credit card company to: a. offer him a higher credit line b. offer him a lower credit line c. remove his annual fees d. increase his annual fees e. waive charges for ATM withdrawals [ don't give chatgpt answer]
COSTS & FEATURES OF A CHECKING ACCOUNT Read each situation below, then circle the choice that you think is the best banking solution. In the last column, describe why you believe it was the best banking solution. 1 DR = 2% 2 SITUATION 102 7.50 1. Monica typically has about $750 in her checking account. She also uses a debit card wand online banking regularly. 750 Xby 2 7:03 The Vasquez family keeps a balance of $3,000 in their checking account. They use checks to pay their household bills and use their debit card sparingly. CHOICES a. Bank of Texas charges a $10 monthly fee for online banking. b. Bank of the South charges 2% of the checking account balance. a. Texas First charges 1% of the checking account balance. b. State Bank charges a $3 fee for each written check and a $5 per month debit card fee. EXPLANATION 7.50 Y 02- $15.00 Skyld Skylar has a part-time job and makes about $200 per week. She would like to be able to access her bank account online. a. First State Bank charges a…
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Selecting a Bank. Julie wants to open a bank account with $43. Julie estimates that she will write 23 checks per month and use her ATM card at the home bank. She will maintain a monthly balance of $500. Which bank should Julie choose? Hillsboro Bank First National South Trust Bank Sun Coast Bank ATM charges: Home bank Free Free Free Free Other bank 5 free, then $1.15 per use $1.40 per use $1.40 per use $1.40 per use Checking: Minimum deposit $100 $28 $1 $1 Minimum balance required to avoid fees* N/A N/A $500 N/A Monthly fees $8.66 $10.11 $15.88 $3.61 Check-writing charges 15 free, then $0.85 per check 10 free, then $0.85 per check Unlimited Each check $0.43 * N/A means monthly fees apply irrespective of account balances. Based on the information given in the chart, which bank should Julie…
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1. Rank each feature from most important to least important. (1 to 8) 1 being most important. RANK THESE ACCOUNT FEATURES: It’s Quick and Easy Convenient Access To Your Cash Help Tracking Your Finances Pay Day Is Right On Time Online and mobile banking make your life easier Your money is safe Save on other financial needs Help and support when you need it.
Excel Skills 7. Solve the follow sections: a. Complete the following spreadsheet, showing how much will be in your bank account if you deposit an initial deposit (cell B2) today and it draws annual interest given in cell B1. Interest 2 Initial deposit 3 4 5 6 7 A 8 9 10 Year " 0 1 23 4 5 B b. Graph the results of the bank account. 8% $155 In bank account.
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A) What is the APR for purchases made using this credit card? B) What is the maximum amount that Marcus can put on this credit card? C) Did Marcus pay off the entire balance of his credit card last month? D) Suppose Marcus pays the minimum payment due this month, what will his new balance be, after this payment is processed and assuming he makes no additional purchases?
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