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almond37 [142]
1 year ago
15

Jane received a bank statement that indicates that she was charged a $35 insufficient funds fee. What is the possible reason the

bank charged her this fee?
Business
1 answer:
Dafna11 [192]1 year ago
4 0

The fact that the bank charged Jane an insufficient funds fee means that Jane tried to make a transaction that the bank could not cover based on her balance.

<h3>When does a bank charge and insufficient fee?</h3>

Banks will charge an insufficient fee charge to a customer if the customer tries to make a transaction that their balance cannot cover.

This means that the account holder was trying to use more than they had with the bank and so the bank charges a penalty on this. The reason the bank does this is to penalize the customer such that they desist from engaging in such transactions.

For instance, Jane might have tried to buy a good or service that was worth $5,000 when she had only $3,000 in her account. The bank then levies the insufficient fee of $35 to cover their costs of failed transaction and to ensure that Jane is more careful in future.

Find out more on insufficient fund fees at brainly.com/question/23090570

#SPJ1

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2 years ago
Jenna purchased 500 shares of XYZ stock for $10 per share. The stock paid the following dividends: Year 1: $0.25 per share Year
aleksley [76]

Based on the price of the stock and the dividend over the years, the time-weighted return of XYZ stock is 16.83%.

<h3>What is the time-weighted return of XYZ stock?</h3><h3 />

In this case, the Time weighted return can will be the same as the IRR so the IRR function on a spreadsheet can be used to find the return.

Year 0 return = -$10 per share

Year 1 = $0.25

Year 2 = $0.27

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Time weighted return will be 16.83% as shown in the attachment.

Find out more on Weighted return at brainly.com/question/15885163.

8 0
1 year ago
Suppose that you are a buyer. your buyer value is $30 and you buy a book for $40. what is your gain or loss?
Serjik [45]
The buyer value is a concept that is more important to the customers. This refers to the amount that the buyers are expecting out of the purchase of some goods. If I bought a book at a price of $40 then, I loss $10 in the process because as a buyer I expect to pay only $30. 
4 0
3 years ago
Lorraine belongs to a national consumer panel created by a market research company. She regularly receives samples of new produc
kherson [118]

Answer:

A. premarket testing.

Explanation:

The pre market testing is when people from a certain business send products to people that are the target of that product to see if they would use it, continue to use it and how much would they be willing to pay for that product, this is done prior to the launch of the product, in order to get to know better the consumer and how they can improve their product, also to see if it is viable to start mass production and launch it into the market, so what Lorraine is doing is premarket testing.

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3 years ago
Q Co. prepares monthly income statements. A physical inventory is taken only at year end; hence, month-end inventories must be e
Dmitriy789 [7]

Answer:

$14,000

Explanation:

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Cost of goods sold = Sales made ÷ rate of mark-up on cost

= $30,000 ÷ 150% × 100%

= $20,000

Estimated cost of the June 30 inventory = Inventory Balance on June 1 +  Purchases made during June -  Cost of goods sold

= $18,000 + $16,000 - $20,000

= $34,000 - $20,000

= $14,000

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3 years ago
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