Ask question

Ask question

All categories

1 year ago

5

Which transaction caused John to overdraw his account?

1 answer:

cluponka [151]1 year ago

6 0

By examining the financial figures provided above for John's account, it is clear that check no. 410 for $710.49 was the reason for John's account overdraft. As a result, choice (C) is valid.

<h3>What does overdrawing an account mean?</h3>

A transaction in which the account holder is permitted to take more money than the account's actual balance is referred to as an overdraft from the account. The account balance is negative following a transaction that results in an overdraw.

One can clearly infer from the account statement shown above that an overdraw transaction occurred after Check No. 410 for an amount of $710.49 was drawn since the account's balance was negative for the first time.

Hence, Option (C ) is the accurate one.

Learn more about overdrawing, from:

brainly.com/question/28461416

#SPJ1

Your question is incomplete, probably the complete question is:

Which transaction caused John to overdraw his account?

(A) The Online Bill Payment of $146.67

(B) Check No. 409 for $100

(C) Check No. 410 for $710.49

(D) The Overdraft Fee of $35

You might be interested in

Identify four factors that affect whether an industry does or does not present a company with a good business opportunity?

gtnhenbr [62]

Answer:

Rivalry between competitors
Bargaining power of suppliers
Bargaining power of customers
Threat of new competitors

Explanation:

The factors chosen to identify whether or not a sector presents a good business opportunity for a company, were the strengths of Porter, who analyzes the micro and macro environment to determine whether a company can be competitive in the market.

The rivalry between competitors is an essential factor to measure the degree of opportunity for a business to be successful, as this factor will determine different variables among competitors of similar products in the market, such as the strength of the brand, the demand for your product, etc. in order to measure how this factor will directly impact your business.

The bargaining power of suppliers implies the bargaining power of the supplier with the company, being able to provide favorable or unfavorable conditions to a business, such as price, delivery time, quality, etc.

The bargaining power of buyers means measuring and monitoring how your product will have a positive or negative weight on the customer and which affects the volume of purchases, the possibility of the customer negotiating with the company, etc.

And the threat of new competitors concerns new competitors that can enter the market and directly impact their business, for this the barriers to entry such as legislation, high entry capital, etc. should be analyzed.

3 0

3 years ago

Abby dies, and her good friend, clay is appointed to administer abby's estate. abby's house was in poor condition, so clay orall

antoniya [11.8K]

<span>The contractor can collect from the estate only. The contractor and Clay made an agreement only in oral form, not in written agreement. So, the contractor could not got after Clay. </span>

5 0

3 years ago

Determine the capitalized cost of a permanent roadside historical marker that has a first cost of $75,000 and a maintenance cost

densk [106]

Answer:

The capitalized cost is $ 84,667.20

Explanation:

First of all please note that the cost of $ 75,000 is already the present cost.

The cost of $3200 which occurs every 3 years can be converted into a value using factor A/F for one life cycle.

The capitalized cost then can be calculated as follows :

CC = $ 75,000 + $ 3200(A/F, 10%, 3 years)/interest

CC = $ 75,000 + $ 3,200(0.3021)/0.1

CC = $ 75,000 + $ 9,667.2

CC = $ 84,667.20

6 0

3 years ago

in forward and futures contracts, the risk of non-fulfilment of contract terms is most likely borne by:

topjm [15]

In forward and futures contracts, the risk of non-fulfillment of contract terms is most likely borne by <u>both parties</u><u> to the contract</u>.

<h3>What are forward and futures contracts?</h3>

The difference between a forward and futures contract lies in their establishment.

A forward contract is a personal arrangement traded over the counter whereas, a futures contract is a standardized contract made through an established exchange.

Thus, in forward and futures contracts, the risk of non-fulfillment of contract terms is most likely borne by <u>both parties</u><u> to the contract</u>.

Learn more about forward and futures contacts at brainly.com/question/15581105

#SPJ12

7 0

2 years ago

Ralph Lauren: Accounts receivable turnover and number of days' sales in receivables Ralph Lauren Corporation designs, markets, a

SVETLANKA909090 [29]

<em>MISSING INFORMATION:</em>

concept // Year 2 // Year 1

Sales 7,620 7,450

Account Receivables 655 588

Answer:

Yes, there is. The days to collect increase by 4.16 to 29.77 from 26.61

Which is a bad sing as the company delays more to collect form their customers

Explanation:

Account Receivable turnover:

Average receivable:

(458 + 588 ) / 2 = 523

7,450 / 523 = 14.25

Days to collect: 365 / 14.25 = 25,61

Second Year:

Average receivable: (655 + 588) / 2 = 621.5

Turnover: 7,620 / 621.5 = 12.26

Days to collect: 365 / 12.26 = 29,77

29.77 - 25.61 = 4.16

6 0

3 years ago