{ "key_pair_value_system": true, "answer_rating_count": "", "question_feedback_html": { "html_star": "", "html_star_feedback": "" }, "answer_average_rating_value": "", "answer_date_js": "2024-05-27T04:09:53-04:00", "answer_date": "2024-05-27 04:09:53", "is_docs_available": "", "is_excel_available": "", "is_pdf_available": "", "count_file_available": 0, "main_page": "student_question_view", "question_id": "1777534", "url": "\/study-help\/questions\/-1777534", "question_creation_date_js": "2024-05-27T04:09:53-04:00", "question_creation_date": "May 27, 2024 04:09 AM", "meta_title": "[Solved] A current deposit account requires a mini | SolutionInn", "meta_description": "Answer of - A current deposit account requires a minimum balance of $500 if annual interest of 5% is to be earned monthly on its d | SolutionInn", "meta_keywords": "current,deposit,account,requires,minimum,balance,$500,annual,interest,5%,earned,monthly", "question_title_h1": "A current deposit account requires a minimum balance of $500 if annual interest of 5% is to be earned monthly on its deposits. An account", "question_title": "A current deposit account requires a minimum balance of $500 if annual", "question_title_for_js_snippet": "A current deposit account requires a minimum balance of $500 if annual interest of 5 is to be earned monthly on its deposits An account holder has maintained an average balance of $300 for the first nine months of the year and $800 for the last three months of the year She has written an average of 20 cheques a month and is not charged for these services However, it costs the bank $0 02 to process each cheque What is the average return earned (both explicit and implicit) by the account holder over the full year ", "question_description": "

A current deposit account requires a minimum balance of $500 if annual interest of 5% is to be earned monthly on its deposits. An account holder has maintained an average balance of $300 for the first nine months of the year and $800 for the last three months of the year. She has written an average of 20 cheques a month and is not charged for these services. However, it costs the bank $0.02 to process each cheque. What is the average return earned (both explicit and implicit) by the account holder over the full year?<\/p>", "transcribed_text": "", "related_book": { "title": "Accounting Information System", "isbn": "978-1439078570, 1439078572", "edition": "7th Edition", "authors": "James A. Hall", "cover_image": "https:\/\/dsd5zvtm8ll6.cloudfront.net\/si.question.images\/book_images\/210.jpg", "uri": "\/textbooks\/accounting-information-system-7th-edition-9781439078570", "see_more_uri": "" }, "free_related_book": { "isbn": "953512241X", "uri": "\/textbooks\/advances-in-geothermal-energy-1st-edition-978-9535122418-149566", "name": "Advances In Geothermal Energy", "edition": "1st Edition" }, "question_posted": "2024-05-27 04:09:53", "see_more_questions_link": "\/study-help\/questions\/business-economics-2023-September-08", "step_by_step_answer": "The Answer is in the image, click to view ...", "students_also_viewed": [ { "url": "\/refer-to-the-grandscapes-data-set-requirements-1-compute-the-213112", "description": "Refer to the GrandScapes data set. Requirements 1. Compute the direct labor rate variance and the direct labor efficiency variance. 2. What is the total variance for direct labor? 3. 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