Maggie Wants to Open a Checking Account That Will Be $\$ 300$

question 136

Essay

Maggie wants to open a checking account that will be the least expensive given her normal financial transactions.She typically writes 15 checks a month and uses an ATM 35 times a month.Her minimum checking balances falls to about $350 in an average month.Which of the following accounts would be least expensive for Maggie? (Show all your work.)
Account A:
- No monthly fee is charged if a minimum balance of at least $\$ 300$ is maintained.
- A $\$ 5.00$ fee is charged in any month the minimum balance falls below $\$ 300$ .
- An ATM fee of $\$ 0.10$ per transaction is charged on all transactions.
Account B:
- No monthly fee is charged if a minimum balance of at least $\$ 500$ is maintained.
- A $\$ 3.00$ fee plus $\$ 0.10 /$ check is charged in any month the minimum balance falls below $\$ 500$ .
- There is no ATM fee on transactions.

Identify the founders or key figures associated with various therapeutic methods.

Recognize the therapeutic approach best suited for specific psychological issues or goals.

Understand the role of the therapist-client relationship in the success of therapy.

Recognize the effectiveness of certain therapies over others for specific disorders.

---

Definitions:

Ending Inventory

The total value of goods available for sale at the end of an accounting period.

Net Income

The total profit of a company after all expenses and taxes have been deducted from revenue, indicating its financial health over a specific period.

Lower-of-Cost-Or-Market

An accounting principle that dictates inventory should be recorded at either its historical cost or its current market price, whichever is lower.

Net Income

The amount of money that remains from revenues after all expenses, taxes, and costs have been subtracted; a crucial indicator of a company's profitability.