1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Phantasy [73]
2 years ago
12

What is overdraft protection (ODP)?

Business
1 answer:
pickupchik [31]2 years ago
5 0
<span>Overdraft protection is a service offered by banks that allows checking account holders to temporarily make purchases with a debit card even if they don't have sufficient funds in their account to cover them</span>
You might be interested in
On January 1, Year 3, a company changed its inventory costing method from LIFO to FIFO. The company’s Year 3 financial statement
kherson [118]

Answer:

The result generated by the method change must be expressed within the income statement as an extraordinary result.

And within the statement of financial situation, a note must be included where the change of method is reported and what the valuation of the inventory would have been if the method had not been changed.

7 0
2 years ago
The document that details the specific audit procedures for each type of test is the?
solniwko [45]

The document that details the specific audit procedures for each type of test is the audit program.

The procedures that auditors follow in order to gather enough relevant audit evidence to make a professional judgment about the efficacy of an organization's internal controls.

To determine if transactions were appropriately categorized in the accounting records, audit techniques are utilized. For instance, it is possible to check purchase records for fixed assets to determine whether they were properly categorized into the appropriate fixed asset account.

To check if transactions have been recorded during the appropriate reporting period, audit processes are utilized. For instance, the shipping log can be examined to determine whether shipments to clients on the final day of the month were properly documented.

Learn more about audits here:

brainly.com/question/14652228

#SPJ4

6 0
1 year ago
_____ are costs of selecting one opportunity or investment over another.
AveGali [126]

Answer:

(B) opportunity cost

Explanation:

If you are giving up an opportunity over another than it is called opportunity cost.

4 0
2 years ago
McNeely entered into a contract with Wagner to pay $250,000 as a lump sum for all timber present in a given area that Wagner wou
8090 [49]

Answer:

According to McNeely, Wagner had to choose between seeking the remaining payment ($250,000 x 1/3) or keeping the timber.

This was a real case: "<em>Glen WAGNER and Bonnie Wagner, Respondents, v. Theodore R. McNEELY, Appellant.  (96 CV 0525;  CA A100217) , July 07, 1999</em>"

The Court of Appeals of Oregon ruled that due to usage and customs of the timber industry in Oregon, there was nothing illegal in the plaintiff (Wagner) keeping the timber and seeking the payment. It was a very technical issue regarding two different rules that seem to be contradictory (ORS 72.7090 and ORS 72.7190). The court actually decided not to rule on this issue, so the lower court's decision remained.  

8 0
3 years ago
Juanita worked hard all year so that she could go to nursing school the following year.    She put her savings into a mutual fun
Shkiper50 [21]

Answer:

Real Interest Rate = -2.7%

Explanation:

The formula to calculate the Real Interest rate is:

r=(\frac{1+i}{1+p})-1

Here,

r = Real Interest Rate

i = Nominal Interest Rate = 3% = 0.03

p = Rate of Inflation

We have the value of Nominal Interest Rate. Before using the formula we need to calculate the Rate of Inflation. We have the values of CPI at the beginning and end of the year. From these we can calculate the Inflation Rate. The formula to calculate the inflation rate is:

p=\frac{CPI_{new}-CPI_{old}}{CPI_{old}} \times 100\%

Using the values in this formula, we get:

p=\frac{180-170}{170} \times 100\%\\\\ p=5.88\%

Now we have all the values that we need to use. The values in the formula will be used in decimals, not in percentages. Substituting the values, we get:

r=(\frac{1+0.03}{1+0.588} )-1\\\\ r=-0.027\\\\ r=-2.7\%

Thus, the Real Interest Rate that Juanita earned is -2.7%. This shows that rate of Inflation is more than the Nominal Interest and the value of her savings actually decreased compared to the beginning of the year.

5 0
3 years ago
Other questions:
  • What type of funding requires that the business owner share ownership with investors?
    11·1 answer
  • In a lean system, work-in-process inventory is reduced to reveal production problems, which can then be
    10·1 answer
  • I will cash app you $10.
    13·1 answer
  • Which of the following is consistent with the law of​ demand?
    6·1 answer
  • Blush Bashful Cosmetics Inc. operates in 20 countries around the globe. The company clearly understands that the skin and hair t
    12·1 answer
  • Senff Corporation uses the following activity rates from its activity-based costing to assign overhead costs to products: Activi
    6·1 answer
  • Berry Corporation has 100,000 shares of $10 par common stock authorized. The following transactions took place during 2017, the
    13·1 answer
  • Gomi Waste Disposal is planning to sell its Columbus, Memphis, and Detroit facilities. The firm expects to sell each of the thre
    8·1 answer
  • ABC Company had addition to retained earnings for the current fiscal year just ended of $395,000. The firm paid out $195,000 in
    12·1 answer
  • Pharmaceutical companies are sometimes perceived as profiting unfairly from drugs they sell. Suppose that a new law shortens the
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!