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2 years ago

On january 8th your account was charged $30.00 for an overdraft fee. why did that happen?

1 answer:

5 0

On January 8th the account was charged $30.00 for an overdraft fee because It was time to pay the monthly account maintenance charge.

<h3>Why bank charges an overdraft fee?</h3>

When a bank's customer don't have enough money to cover a purchase made using a debit card or a cheque, then the bank will charge the overdraft fee. Rather of denying a charge, the bank will pay it and charge a fee.

In the given case, because it was time to pay the monthly account maintenance charge, the account was charged $30.00 for an overdraft fee on January 8th.

Therefore, bank charged overdraft fee as the date of payment comes.

Learn more about the overdraft fee, refer to:

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In a catalog a coat was on sale for $65.55 this week. It regularly sells for $77.77. If the sales tax is 6% and shipping is belo

bazaltina [42]

Answer:

$14.96

Explanation:

Shipping and handling charges are attached.

Given: Discounted price= $65.55.

Regular sales price= $77.77

Sales tax= 6%.

Now, find the cost of coat after tax.

Cost of coat= $77.77+(77.77\times 6\%)$

⇒ Cost of coat= $77.77+ 4.66= \$ 82.43$

Adding shipping charges to the cost= $82.43+8.95= \$91.39$

Hence, cost of coat after tax and shipping charges= $91.39.

Next finding total cost of coat if sold at discount after tax.

Cost of coat at discounted price after tax= $65.55+(65.55\times 6\%)$

⇒ Cost of coat at discounted price after tax= $65.55+ 3.93$

⇒ Cost of coat at discounted price after tax= $\$ 69.48$

Adding shipping charges to the cost of coat= $69.48+6.95=\$ 76.43$

Hence, cost of coat at discounted price after tax and shipping charges= $76.43.

Finding saving amount by ordering coat at the sale price or discounted price.

∴ Saving = $Total\ cost\ of\ coat\ at\ regular\ price - Total\ cost\ of\ coat\ at\ discounted\ price$

Saving= $91.39-76.43= \$ 14.96$

Hene, Total saving by ordering coat at the sale price is $14.96

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3 years ago

The phase of the business cycle where the economy is growing faster than usual is called

romanna [79]

The business cycle where the economy is growing faster than usual.

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3 years ago

A command economy features:

Anit [1.1K]

A private companies operating without government interference

Explanation:

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2 years ago

The nominal value of any economic statistic refers to the number that is actually announced at that time, while the ____________

Julli [10]

The nominal value takes into account the number that is actually announced at a time, while the <u>real value </u>refers to the statistic after it has been adjusted for inflation.

<h3>What do you mean by real value in economics?</h3>

A real value of an item, additionally referred to as its relative price, is its nominal price adjusted for inflation and measures that price in phrases of every other item.

Real values are extra vital than nominal values for monetary measures, along with the gross domestic product (GDP) and private incomes.

Thus, <u>Real value </u>refers to the statistic after it has been adjusted for inflation.

Learn more about Real Value in economics here:

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5 0

2 years ago

Ali decides to attend the one-hour review session for microeconomics instead of working at his job. His job pays him $10 per ho

gladu [14]

Answer:

Opportunity cost is $10

Explanation:

Opportunity cost is the concept in economics that looks at the cost of doing an activity, that is the foregone alternative.

Ali decides to attend a one-hour review session in so doing he has foregone one hour's wages where he works. As one hour pays $10, he has lost $10 for attending the review session.

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3 years ago