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3 years ago

Three reasons why people might accidentally overdraw are:

Business

1 answer:

Schach [20]3 years ago

4 0

Explanation:

Before answering the question, we need to know what overdraw means. So overdraw is basically the drawing the excess of money which the account of a person actually holds. In simple words, when the money in someone account is more than the amount he thinks. He thinks he has more amount in his account and when he tries to withdraw, he comes to know the real amount. This could be because of many reasons, three of which are as follows:

They withdraw the amount from ATM and they may not record it. secondly they may have made a mistake in their arithmetic while estimating their equity, and thirdly, they might have forgotten to make a deposit.

All these reasons could be the reason for overdraw.

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Stopping a vehicle with good brakes from 20 miles per hour under good conditions requires about:

Anuta_ua [19.1K]

About 40 jewls of power in the other direction

5 0

3 years ago

Rate of Return if State Occurs State of Economy Probability of State of Economy Stock A Stock B Stock C Boom .15 .39 .49 .29 Goo

Maurinko [17]

Answer:

15.68%

Explanation:

Now to get the expected return of the portfolio, we need to find the return of the portfolio in each state of the economy. This portfolio is a special case since all three assets have the same weight. To find the expected return in an equally weighted portfolio, we can sum the returns of each asset and the we divide it by the number of assets, so the expected return of the portfolio in each state of the economy will be :

Boom: RP= (.13 + .21 + .39) / 3 = .2433, or 24.33%

Bust: RP= (.15 + .05 −.06) / 3 = .0467, or 4.67%

Now to get the expected return of the portfolio, we multiply the return in each state of the economy by the probability of that state occurring, and then sum. In so doing, we get

E(RP) = .56(.2433) + .44(.0467)

=.1568, or 15.68%

8 0

3 years ago

A reserve account is set up for a 48-unit apartment building for periodic replacement of these components: Interior paint for ea

Snowcat [4.5K]

Answer:

$68,400

Explanation:

For the entire building, computed below is the annual reserve for each cost element.

Interior paint for each apartment unit every 3 years = $1,500

Interior paint for each apartment per year = $1,500/3 = $500

Interior paint for all 48 units per year = 48 * 500 = $24,000

Resurface of building roof every 15 years = $18,000

Annually, resurface of building roof = $18,000/15 = $1,200

Interior carpet for each apartment every 5 years = $4,000

Interior carpet for each apartment per year = $4,000/5 = $800

Interior carpet for the all 48 units per year = 48 * 800 = $38,400

Refrigerator/disposal in each apartment every 12 years = $1,200

Refrigerator in each apartment per year = $1,200/12 = $100

Refrigerator for all 48 units per year = 48 * 100 = $4,800

Therefore, the annual reserve required for the entire building

= 24,000 + 1,200 + 38,400 + 4,800

= $68,400.

7 0

3 years ago

You are considering investing in a bank account that pays a nominal annual rate of 7%, compounded monthly. If you invest $3,000

vlada-n [284]

Answer: 81.1 months

Explanation:

You can use the NPER function on Excel to calculate this:

Rate = 7%/12 months = 7%/12

Pmt = -3,000 to represent the monthly deposit

FV = 310,000

Number of months should be: 81.1 months

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3 years ago

When you want to start a business what is the first step

il63 [147K]

Answer:

get a business

Explanation:

8 0

3 years ago