Answer:
D. Spending more money than you have in your account
Explanation:
An overdraft occurs when money is withdrawn from a bank account and the available balance goes below zero. In this situation the account is said to be "overdrawn".
Answer: 20.15%
Explanation:
The IRR is the discount rate that makes brings the Net Present Value to zero.
It can be solved for by various means including using Excel as shown in the attached file.
Year 0 -33790
Year 1 8,210
Year 2 9,890
Year 3 14,120
Year 4 15,930
Year 5 10,820
= IRR (-33,790
, 8,210
, 9,890
, 14,120
, 15,930
, 10,820
)
= 20.15%
Answer:
true
Explanation:
Hey, as much as I remember, this is true. each department has their own responsibilities and roles.
good luck!
Answer:
It drives down prices for consumers.
Explanation:
Answer:
2. True
Bank charges are the various fees account holders are charged in respect of maintenance of the account along with any other charges incurred in respect of specific transactions (e.g. cheque clearance charges, fund transfer charges, collection charges, etc). Bank charges are charged directly to the customer account thereby reducing the bank balance shown in the bank statement. These charges are usually not recorded by the business until the bank provides the bank statement at the end of a month which is why balance as per bank statement may be lower than the cash book balance.
