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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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Margot has worked as an accountant for the same company for almost 15 years. She knows exactly what she needs to do each month,

Phoenix [80]

Since Margot has been working as an accountant for the same company for nearly 15 years and knows exactly what she needs to do to complete her job effectively, it can be said that Margot has role clarity.

<h3 /><h3>Benefits of role clarity</h3>

When an employee reaches the degree of understanding of their responsibilities and work processes, it generates greater organizational productivity, due to increased autonomy at work, making the culture stronger and the organization more effective.

Therefore, it is essential that role clarity is achieved in organizations, increasing performance and the efficiency with which their tasks are accomplished.

The correct answer is:

Role clarity

Find out more information about role clarity here:

brainly.com/question/25653772

5 0

3 years ago

Gamma Company adjusts its accounts at the end of each month. The following information has been assembled in order to prepare th

Tresset [83]

Answer; c. $14,000

Explanation

On December 1, rent had been paid for 3 months. At a rate of $7,000 a month this will come to;

= 7,000 * 3

= $21,000

The Prepaid rent account will reduce every month by the rent due for that month. The balance on the Prepaid account as at December 31 will therefore have reduced by one month from December 1.

= 21,000 - 7,000

= $14,000

7 0

4 years ago

it will gain you more knowledge, intensity your soft skills, strong work ethics and grow your network. what is it?

Contact [7]

Answer:

https://brainly.com/

Explanation:

4 0

3 years ago

The following are the transactions of Spotlighter, Inc., for the month of January:

LenaWriter [7]

Answer:

Explanation:

The presentation of the classified balance sheet is presented below:

Spotlighter, Inc.

Classified balance sheet

For the month of January

Assets Amount Liabilities & Stockholder Equity Amount

Cash $9,170 Notes payable $6,390

Supplies $2,100 Account payable $1,250

Total current assets $11,270 Total current liabilities $7,640

Long term Asset Stockholder equity

Equipment $2,100 Common stock $5,730

Total long term equipment $2,100 Total owner equity $5,730

Total Assets $13,370 Total liabilities

and owners equity $13,370

The computation is shown below:

For cash

= $5,040 + $5,730 - $750 - $850

= $9,170

For supplies

= $850 + $1,250

= $2,100

For notes payable

= $2,100 - $750 + $5,040

= $6,390

7 0

4 years ago

Which of the following is a deductible loss for income tax purposes?

shutvik [7]

Answer:

d. Net long-term capital losses in excess of $3,000.

Explanation:

A net long-term capital losses in excess of $3,000 is a deductible loss for income tax purposes.

For instance, in a tax year, if an individual has up to $3,000 of net long-term capital losses, this would be considered a form of income rather than a capital gain.

Furthermore, if an individual accrues a net long-term capital losses in excess of $3,000, this loss is deductible and are carried over indefinitely to subsequent tax payments in the future.

6 0

3 years ago