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Genrish500 [490]
3 years ago
12

Imagine that you have received an overdraft notice on your checking account. Which steps should you take? Sort these options int

o "Actions To Take" and "Actions To Avoid"
-handle the matter quickly

-check my records first

-contact the bank right away

-set the note aside and wait until later
Business
2 answers:
Afina-wow [57]3 years ago
7 0

Answer and explanation:

Some banks provide overdraft options so purchases and charges can go through customers' accounts even if their balance fell below zero. While this might be helpful in front of temporary adverse financial situations, it could result in large debt in the long-run since percentage and fees apply every time there is an overdraft charge in the account.

In such a case, if you receive an overdraft notice the actions to take imply <em>checking your recent records, calling the bank right away to find out more information about the overdrawn charge, if the transaction is correct, and request details of the fees implied</em>. Handling the matter quickly is a must. That is why <em>setting a note aside and wait until later </em>is an action to avoid doing.

attashe74 [19]3 years ago
6 0

Answer:

"Actions To Take"

Check my records first

Contact the bank right away

Handle the matter quickly

"Actions To Avoid"

Set the note aside and wait until later

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Sigma Corporation applies overhead cost to jobs on the basis of direct labor cost. Job V, which was started and completed during
poizon [28]

Answer:

Overhead= $3,212

Explanation:

Giving the following information:

Sigma Corporation applies overhead costs to jobs based on direct labor cost.

Job W, which is still in process at year-end, shows charges of $2,700 for direct materials and $4,400 for direct labor.

Job V:

$6,300 for direct materials.

$8,500 for direct labor.

$6,205 for overhead on its job cost sheet.

First, we need to calculate the overhead rate.

Overhead rate= 6205/8500= $0.73 per direct labor dollar

Job W:

Direct labor= 4,400

Overhead= 4,400*0.73= $3,212

3 0
3 years ago
According to economists, inflation is a. eliminated by the government. b. unavoidable, and therefore something beyond the contro
mote1985 [20]

Answer: Option D

Explanation: In economics, inflation means the increase in the general price level of goods in an economy and the decrease in the value of money. This process occurs over a period of time.

In a scenario of inflation the purchasing power of the consumers decreases leading to a decrease in demand. Inflation could be controlled but is unavoidable and hence every economy faces some level of inflation every time.

Hence from the above we can conclude that the correct option is D.

7 0
3 years ago
An economist for a bicycle company predicts that a rise in consumer incomes will increase the demand for bicycles. this predicti
Neporo4naja [7]

When an economist makes a prediction that a rise in consumer incomes will increase the demand for bicycles sold by a bicycle company, it is made on assumption that bicycles are normal goods. Therefore, the option A holds true.

<h3>What is the significance of normal goods?</h3>

The normal goods or services being sold in the market of an economy can be referred to or considered as goods that have a direct relation with the demand for such goods, which are affected by consumer income.

As per the behavior of normal goods, it can be inferred that their demands increases with a given increase in the disposable income of the consumer, such as the one in the condition given above.

Therefore, the option A holds true and states regarding the significance of normal goods.

Learn more about normal goods here:

brainly.com/question/24100151

#SPJ4

An economist for a bicycle company predicts that a rise in consumer incomes will increase the demand for bicycles. This prediction assumes that bicycles are _____.

A. Normal goods

B. Luxury Goods

C. Inferior Goods

D. None of the Above

6 0
2 years ago
________________ invested or made loans with 95 percent of the deposits that were being held..
Over [174]

Answer:

(European) goldsmiths

Explanation:

European goldsmiths (Italian goldsmiths were the first) formulated a principle that only 5% of deposits were needed in reserve at any particular time, therefore they could lend 95% of the gold they held in deposit.

Goldsmiths would rent space in their vaults that allowed other people to keep their gold in a safe place. That led to transactions were notes indicating the amount of gold deposited would be traded instead of trading gold itself.

Eventually goldsmiths discovered that they could trade (lend) more money than the amount of gold they held in deposits, inventing fractional reserve banking.

4 0
3 years ago
What are the disadvantages of using acrid analysis to help make desisions? HURRY!!!!
stich3 [128]
It is only as good as the information put into it. You must very good and correct information in order to have good decision. <span>It is not suitable for small tables (little input information and "small" problems).</span>
4 0
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