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3 years ago

What is overdraft protection (ODP)?

2 answers:

5 0

B. A service to automatically transfer funds from a linked account to cover purchases, prevent returned checks and declines items when you don't have enough money in your checking account at the time of the transaction.

elena-14-01-66 [18.8K]3 years ago

4 0

I believe the correct B.

* Hope this helps!!!

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On January 1, 2020, Waterway Company purchased 11% bonds, having a maturity value of $312,000 for $336,270.95. The bonds provide

mafiozo [28]

Answer and Explanation:

The journal entries are shown below:

1. 11% bonds payable $336,270.95

To cash $336,270.95

(Being the bond purchased for cash is recorded)

2. Cash ($312,000 × 11%) $34,320

To Interest revenue ($336,270.95 × 9%) $30,264

To 11% bond payable $4,056

(Being the interest revenue is recorded)

Fair value adjustment $1,685.05

To Unrealized gain $1,685.05

(Being the recognition of fair value is recorded)

It is computed below:

= (333,900 - ($336,270.95 - $4,056) )

3. Unrealized gain $13,000 ($333,900 - $320,900)

To fair value adjustment $13,000

(Being the recognition of fair value is recorded)

8 0

3 years ago

Forrester Company is considering buying new equipment that would increase monthly fixed costs from $396,000 to $684,000 and woul

Ber [7]

Answer:

50%

Explanation:

Contribution margin is used to determine the profitability of a product. it is price less variable cost

Contribution margin ratio = (price - variable costs) / price

variable cost = 80 - 20 = 60

price = 120

(120 - 60) / 120 = 50%

6 0

3 years ago

A loan of $100,000 is taken out which requires an annual interest payment of 6% of the borrowed amount of money (in market dolla

pav-90 [236]

Answer:

C. $5,150

Explanation:

Calculation for what will be the value of interest payment at the end of fifth year in real dollars

First step is to calculate the Interest amount per year

Interest amount per year = 100,000*6%

Interest amount per year = $6,000

Now let calculate the value of interest payment at the end of fifth year in real dollars

Value of interest payment in 5th year in real dollars = 6,000/(1+3.1%)^5

Value of interest payment in 5th year in real dollars= 6,000/1.164913

Value of interest payment in 5th year in real dollars= $5,150

Therefore the Value of interest payment in 5th year in real dollars will be $5,150

4 0

3 years ago

If a company has advance ticket sales totaling $2,000,000 for the upcoming football season, the receipt of cash would be journal

Paraphin [41]

Answer:

(C) Debit Cash, credit Unearned Revenue.

Explanation:

The journal entry is shown below:

Cash A/c Dr $2,000,000

To Unearned revenue A/c $2,000,000

(Being the receipt of cash is recorded)

Since the cash is received so we debited the cash account as it increases the current assets and credited the unearned revenue account as it is a current liability account so the same is to be credited

3 0

3 years ago

Amanda doesn't know what it means to implement a CSR<br> strategy. What do you tell her?

Anastasy [175]

<u>Explanation:</u>

All the business enterprise should involve in doing community service. CatsCafé in Ontario can enjoy the benefits of CSR activities. Activities that are possible with the available resources at cafe can be used to perform CSR such as donating food to the underprivileged.

You can make CSR as an regular day to day activity at a cafe. When there is excess food cooked for any event or party orders need not be wasted instead can be donated for people in need.

Communication is a key to involve all the 16 employees of the cafe into CSR activities. Employee support through volunteering is important to perform CSR.

As it is a united mission this brings unity among the employees. When information spreads to outsiders they join hands for CSR and the brand image of Cafe will improve in local society.

Promote CSR activities with images and posters of employees volunteering in these activities will increase visibility of the Cafe.

6 0

3 years ago