--------------------------------------------------------------------------------------- BUSN 380 Week 2 Quiz Set 1 FOR MORE CLASSES VISIT www . busn380study . com
5 . What is the annual opportunity cost of a checking account that requires a $ 350 minimum balance to avoid service charges ? Assume an interest rate of 6.5 percent .
--------------------------------------------------------------------------------------- BUSN 380 Week 2 Quiz Set 1 FOR MORE CLASSES VISIT www . busn380study . com
Question 1 . 1 . ( TCO 2 ) This type of tax is assessed on specific goods and services at the time of purchase .
Estate Inheritance Excise General sales Value added
Question 2 . 2 . ( TCO 2 ) Interest earnings of $ 2,400 from a taxable investment for a person in a 28 % tax bracket would result in after-tax earnings of
$ 672 . $ 1,728 . $ 2,400 . $ 3,333 . $ 8,571 .