All categories

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.

You might be interested in

A leveraged buyout refers to a(n): a. action where the management of the firm and/or an external party buys all of the assets of

grigory [225]

Answer:

a restructuring action whereby a party buys all of the assets of a business, financed largely with debt, and takes the firm private.

Explanation:

A leverage means taking a loan to consummate a deal. So a leveraged buyout is when an entity takes a loan in order to buy all the assets of a firm and take it private.

Leveraged buyout is practices by parties that do not have enough funds to purchase a company, but they see a high return of Investments over time.

So they take a loan to buyout the company in the hope that returns will eventually cover the loan taken

3 0

2 years ago

If total utility has reached a maximum level, and assuming that diminishing marginal utility already applies, then what will hap

Nady [450]

Answer:

Marginal utility of the additional units will turn negative

Explanation:

As total utility has reached a maximum level, adding additional units of the same product will generate the total utility to decrease thus, the marginal utility of this additional products is negative as they made the utility of the consumer to decrease.

The diminish return theory state that:

The units increase utility at a decreasing rate and then, they reach a maximum of utility afterwhihc, additional units do not generate utility, they decrease it

4 0

3 years ago

240,000 were started and completed in April. April's beginning inventory units were 60% complete with respect to materials and 4

elena-14-01-66 [18.8K]

Question Completion:

During April, the production department of a process manufacturing system completed a number of units of a product and transferred them to finished goods. Of these transferred units, 60,000 were in process in the production department at the beginning of April.

Answer:

1. The number of units transferred to the Finished Goods Inventory is 218,000.

2. Number of equivalent units with respect to materials and conversion:

Materials = 305,600

Conversion = 264,600

Explanation:

a) Data and Calculations:

Materials Conversion

Beginning inventory 60% 40%

Units completed before 36,000 24,000

Units completed now 24,000 36,000

Equivalent units of production:

Started and completed 240,000 240,000

Ending inventory (82,000 units) 80% 30%

= 65,600 24,600

Total equivalent unit 305,600 264,600

The number of units transferred to finished:

Beginning inventory units 60,000

Units started and completed 240,000

Total units available 300,000

less Ending inventory units 82,000

Units transferred out 218,000

b) Using the weighted-average method, the equivalent units of production are equal to the units started and completed plus the units of ending inventory based on the degree of completion.

6 0

3 years ago

Which economic utility increased when fast-food restaurants began accepting credit.

Alborosie

Answer:

Possession utility

Explanation:

Possession utility is the value consumers derive from purchasing a good and there is an option for them to make use of the good for the primary function it was made to perform or when it is possible to make use of the good in another way.

The possession utility of a product can increase when a customer is given a means of finance that affords him an immediate enjoyment of a commodity by paying little or no money for it.

Therefore, possession utility increased when fast-food restaurants began accepting credit.

4 0

3 years ago

Read 2 more answers

As randomly selected securities are combined to create a portfolio, the _________ risk of the portfolio decreases until 20 to 40

malfutka [58]

Answer and Explanation:

The Risk of an investment that can be minimized or removed by mixing several portfolio assets is called risk diversification.

Risk of an investment asset that can not be minimized or removed by inserting that asset is considered a non-diversifiable risk to a diversified investment portfolio.

So as per the question since the risk of the portfolio decreased from 20 to 40 the portion of the risk eliminated is diversifiable risk and the remaining would be considered as a non-diversifiable risk.

3 0

3 years ago