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3 years ago

Which of the following is not considered a credit..

Business

2 answers:

dalvyx [7]3 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]3 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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A key resource is assigned on multiple tasks that are running simultaneously. The project manager needs to minimize impact on ac

marin [14]

Answer: Resource levelling

Explanation:

Resource levelling is a term used in project management defined and is defined as a technique used where there is adjustment in the start and finish dates based on limitation in resources with the aim of balancing the demand for resources using the available supply.

While performing activities in project planning, the manager will try to schedule some tasks simultaneously. Resource leveling can be used to balance the workload of the main resources during the duration of of the project usually at the expense of either the time, cost or scope.

5 0

3 years ago

Read 2 more answers

You are making a $120,000 investment and feel that a 10 percent rate of return is reasonable given the nature of the risks invol

Vika [28.1K]

Net Present Value is the difference between the present value of cash flows and the initial investment.

Net Present Value = Present Value of cash flows - Initial Investment

The following image shows the Net Present value of the cash flows:

Net Present Value = $122,142 - $120,000

Net Present Value = $2,142

5 0

3 years ago

Which of the following items would require an adjusting entry at the end of each accounting period? a.Vacation pay earned by emp

nignag [31]

Answer: a.Vacation pay earned by employees

Explanation: Adjusting entries refers to journal entry made to ensure that some financial activity is assigned to the posting period in which the activity occurred. Their main purpose is to match incomes and expenses to appropriate accounting periods. They are made at the end of an accounting period to allocate income and expenditure to the period in which they actually occurred.

4 0

3 years ago

What major financial problem does a person face when trying to cash a paycheck without a bank account?

Svetllana [295]

Answer:

D) Paying a fee at another financial institution to cash the check. thats the answer

Explanation:

6 0

3 years ago

Lapping is best described as the process of________.

Mamont248 [21]

Answer:

b. applying cash receipts to a different customer's account in an attempt to conceal previous thefts of cash receipts is the correct answer.

Explanation:

Lapping is best described as the process of applying cash receipts to a different customer's account in an attempt to conceal previous thefts of cash receipts.

Lapping is an illegal mode of allotting one consumer's cash to another consumer's account.

Lapping usually occurs in smaller businesses where a single person manages payment receipts and consumer billing.

Companies can stop and check lapping through conducting regular inspections of payment receipts and also by dividing cashier and billing tasks.

5 0

3 years ago