1. for electronically deposited funds, such as an employee's direct deposit, when must banks make those funds available to the employee? a. immediately b. the next business day c. the next calendar day d. within one week 2. the fee the bank charges the depositor of a bad check below minimum balance fee service fee a returned check fee non-sufficient funds fee (nsf) 3. the fee the bank charges the issuer of a bad check non-sufficient funds fee (nsf) a returned check fee below minimum balance fee service fee 4. what is the best way to pay a bank fee? give cash to bank teller . use a credit card. use a debit card. do nothing. banks immediately deduct fees from your account 5. what type of accounts can be linked to a checking account for overdraft protection? savings account, credit card, or another checking account savings account, 401k account, & frequent shopper account 401k account and ira account there are no linked accounts needed for overdraft protection

The gilbert instrument corporation is considering replacing the wood steamer it currently uses to shape guitar sides. the steamer has 6 years of remaining life. if kept, the steamer will have depreciaiton expenses of $650 for five years and $325 for the sixthyear. its current book value is $3,575, and it can be sold on an internet auction site for$4,150 at this time. if the old steamer is not replaced, it can be sold for $800 at the endof its useful life. gilbert is considering purchasing the side steamer 3000, a higher-end steamer, whichcosts $12,000 and has an estimated useful life of 6 years with an estimated salvage value of$1,500. this steamer falls into the macrs 5-year class, so the applicable depreciationrates are 20.00%, 32.00%, 19.20%, 11.52%, 11.52%, and 5.76%. the new steamer is fasterand allows for an output expansion, so sales would rise by $2,000 per year; the newmachine's much greater efficiency would reduce operating expenses by $1,900 per year. to support the greater sales, the new machine would require that inventories increase by$2,900, but accounts payable would simultaneously increase by $700. gilbert's marginalfederal-plus-state tax rate is 40%, and its wacc is 15%.a. should it replace the old steamer? b. npv of replace = $2,083.51