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pshichka [43]
2 years ago
11

Dominic is looking over his spending pattern for the past week to try to determine how much money he had on Sunday. This is Domi

nic’s spending pattern: Day Debit ($) Credit ($) Monday 158 --- Tuesday 69 44 Wednesday 175 --- Thursday 131 38 Friday --- 53 Saturday 22 14 If the bank charges Dominic an overdraft fee of $25 every time he overdraws his account, and Dominic overdrew his account on Thursday but not on Saturday, which of the following is a possible amount of money that Dominic could have had in his account last Sunday? Assume that the only debits and credits not listed are overdraft fees. a. $500 b. $480 c. $435 d. $400 Please select the best answer from the choices provided A B C D
Business
1 answer:
Afina-wow [57]2 years ago
6 0

Answer:

The correct answer would be option C, $435

Explanation:

In real financial banking transactions, Debits are basically the withdrawals and credits are deposits.  

Because the problem states that there was an over withdrawal on Thursday but not on Saturday, this means that the ending balance on Thursday was a negative balance. On Saturday, the remaining balance was a positive balance. 500 and 480 as a beginning balance doesn't give a negative balance on Thursday. 400 as a beginning balance gives a negative balance on Thursday as well as Saturday.

   

                    Debit    Credit    Balance

Sunday                                      435

Monday        158                        277

Tuesday        69          44           252

Wednesday  175                           77

Thursday       131         38             -16

                      25                          -41 Overdraft fee

Friday                          53              12

Saturday         22         14               4

So the correct answer is option C, $435

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Likurg_2 [28]

Answer:

Option D; JO IS LIABLE TO BIG LOAN CO. SINCE SHE RECEIVED A NOTICE FROM THEM ABOUT THE ASSIGNMENT.

Explanation:

A mortgage is a loan provided by a mortgage lender or a bank that enables an individual to purchase a home.

Mortgage payments usually occur on a monthly basis and consist of four main parts: principal, interest, taxes and insurance.

A transfer of mortgage is the reassignment of an existing mortgage, usually on a home, from the current holder to another person or entity.

When mortgage is transferred, two notices will be sent: one from the current mortgage servicer and the other from the new servicer. All payments after the notification will be made to the new servicer.

Since Jo was notified about the reassignment from Fund All Savings to Big loan Co. but still continues to pay Fund All Savings and Big Loan Co. sues Jo for nonpayment. What is most likely to be the court's judgement is that JO IS LIABLE TO BIG LOAN Co. SINCE SHE RECEIVED A NOTICE FROM THEM ABOUT THE ASSIGNMENT.

5 0
3 years ago
Armstrong industries has a contribution margin of $300,000 and a contribution margin ratio of 30%. how much are total variable c
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5 0
3 years ago
Employees at Border Bookstores, a chain of bookstores, recently held a strike to force their employer to negotiate a labor contr
vladimir2022 [97]

The question is incomplete, it lacks options.

A) Norris La Guardia Act

B) National Labor Relations Act

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Answer:

National Labor Relations Act

Explanation:

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6 0
3 years ago
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Answer:

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Explanation:

Dennis Kozlowski during his crime trial was found to have received "$81 million in unauthorized bonuses, the purchase of art for $14.725 million, and the payment by Tyco of a $20 million investment banking fee to Frank Walsh, a former Tyco director," according to wikipedia.com.

4 0
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3. The store purchases used goods for resale from people that bring items to the store. Since that can occur anytime that the st
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Answer:

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