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4 years ago

Which of the following is not considered a credit..

Business

2 answers:

dalvyx [7]4 years ago

5 0

Which of the following is not considered a credit?

C. Overdraft fee

An overdraft fee is not considered a credit because it is not money coming into your account, it is money leaving your account. When you spend more money than you have in your account, you are charged an overdraft fee for overdrafting your account. Transfer into your account, direct deposit and interest earned are all ways to add money into your bank account.

Alexus [3.1K]4 years ago

4 0

Answer:

The correct answer is letter "C": overdraft fee.

Explanation:

A financial institution charges an overdraft fee when the balance of an account does not have enough funds to make a payment but it does go through. Usually, banks give account holders the freedom to choose if having or not this feature in their accounts since, as the fee is charged every time a transaction goes through when the account has a negative balance, it can lead customers to have potential debts.

In that case, an overdraft fee is not a credit in an account. As a charge, it represents a debit.

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_____ planning is short-range, detailed planning that is based on long-range planning. It typically has a time frame that is les

PolarNik [594]

Answer: Tactical planning

Explanation:

In tactical planning, a company's strategic plan is planned and ways are generated to achive the objectives of a company by using short-term actions.

Tactical plans are required to help teams to accomplish their goals by utilizing the steps that are clearly defined through short term outcomes and it is usually less than a year.

7 0

3 years ago

Approximately what percentage of the u.s. public debt is held by foreign individuals and institutions (2015)?

denpristay [2]

34% as of 2015, $6.156 trillion

8 0

3 years ago

Suppose you can afford to invest $1,000 each month into an account that pays 15% per year. How many years will you need to make

myrzilka [38]

Answer:

Explanation:

Rate per period =15% = 15/12 monthly

Payment(PMT)=$1,000

Future amaount(FV)=$2,000,000

N(years)=?

If input this data into fin calculator, n= 262.27months=262.27/12years=21.86years

6 0

3 years ago

____________ occurs when a seller takes on various digital identities by opening up several email accounts and bids on his or he

Aleksandr-060686 [28]

Answer:

Shill bidding

Explanation:

Shill bidding occurs when a seller takes on various digital identities by opening up several email accounts and bids on his or her own items multiple times to prompt genuine bidders to provide a much higher bid for an item than they would have done otherwise

5 0

3 years ago

Airborne Airlines Inc. has a $1,000 par value bond outstanding with 10 years to maturity. The bond carries an annual interest pa

yanalaym [24]

Answer:Yield to maturity is 9.59%; After tax cost of debt =7.672%

Explanation:

A) Yield to maturity ={ C + (FV-PV)/t} / {(FV +PV)/2}

Where C – Interest payment = $90

FV – Face value of the security

= $1000

PV – Present value/curent market value = $960

t – years it takes the security to reach maturity= 10 years

imputing the values and calculating,

yield to maturity ={ C + (FV-PV)/t} / {(FV +PV)/2}

= $90 + (1000-960)/10} / 1000 + 960 /2

$90 + 4= $94 /980= 0.0959

therefore Yield to maturity is 9.59%

B) After tax cost of debt = Yield To Maturity x (1 - tax rate)

=9.59% x (1-20%)= 9.59% x (1-0.2 )= 9.59% x 0.8 =

9.59 % x 80%=7.672%

4 0

3 years ago