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3 years ago

Plz, help ASAP!!!!!!!!!!

Business

2 answers:

vaieri [72.5K]3 years ago

5 0

Answer:

Her purchase is approved, but she pays an overdraft fee

Explanation:

Overdraft protection is a type of credit facility offered by banks that allows a customer's payments to go through even when they have insufficient balances in their accounts. The overdrafts protections prevent rejection of payment when the customer banks account balance is zero. The bank charges an overdraft fee every time a customer uses the overdraft protection service.

Overdraft protection facility prevents customers from suffering the consequences of payment rejection due to insufficient funds. Banks and merchants charge high fees for insufficient funds transactions. Bounced checks are treated as an offense in some countries.

grandymaker [24]3 years ago

3 0

Answer:

Her purchase is approved, but she pays an overdraft fee

Explanation:

An overdraft can be defined as a scenario when a withdrawal from the bank account is greater than the available balance in the account. This can at times cause the transaction to be declined causing major inconveniences to the account holder. In that effect, Banks usually offer the option of an overdraft protection. Overdraft protection typically means that all the transaction made by ATM, electronically or even by check is protected from going below zero by triggering a non-sufficient funds fee.

Non sufficient funds fees are fees that are charged by the bank for using overdraft protection. The fee is charged per the number of transactions made. This generally means that the more the transaction, the more the fees generated. Most banks in the United States charge a non sufficient funds fee of approximately $35.

In our case, since Tori has made a purchase of $90 that exceeds her account balance of $75, her purchase will be approved since she has overdraft protection but she will have o pay an overdraft fee.

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Bryson Corporation purchased a limited-life intangible asset for $1,162,500 on May 1, 2018. It has a remaining useful life of 15

Nastasia [14]

Answer:

$206,667

Explanation:

Calculation for What total amount of amortization expense should have been recorded on the intangible asset by December 31, 2020

Using this formula

Total Amortization expense=Cost/useful life*Number of months

Let plug in the formula

Total Amortization expense=$1,162,500/180*32

Total Amortization expense=$206,667

Note that 15 years*12months will give us 180 months which is the useful life while May 1, 2018 - December 31, 2020) will give us 32 months

Therefore the total amount of amortization expense should have been recorded on the intangible asset by December 31, 2020 will be $206,667

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3 years ago

Choose one current event. Describe the event and discuss the economic implications of this event. What economic effects might th

Ronch [10]

Answer:

For example, Brexit. Brexit refers to the UK retreat from the European Union, one of the most famous economic unions in the world. The economic implications of Brexit are numerous, ranging from the new tariff regulations to the regulated movement of people and animals through the newly established borders.

As for individuals, let's see the example of an EU citizen seeking a Master's degree in the UK. That student may face a different tuition fee when applying after Brexit.

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4 years ago

On April 1, the company retained an attorney for a flat monthly fee of $3,500. Payment for April legal services was made by the

nirvana33 [79]

Answer:

A. Adjusting Entries on April 30:

Debit Legal Services Expense $3,500

Credit Legal Services Expense Payable $3,500

To record April legal services expense.

Debit Notes Interest Expense $1,932

Credit Notes Interest Payable $1,932

To record accrued interest expense.

Debit Salaries Expense $5,600

Credit Salaries Expense Payable $5,600

To record 2 days salaries accrued.

B. Journal Entries during May:

May 3:

Debit Salaries Expense Payable $5,600

Debit Salaries Expense $8,400

Credit Cash Account $14,000

To record payment of salaries.

May 12:

Debit Legal Services Expense Payable $3,500

Credit Cash Account $3,500

To record the payment of legal services for April.

May 20:

Debit Notes Interest Payable $5,787

Credit Cash Account $5,787

To record payment of interest on notes.

Explanation:

Adjusting entries are made at the end of an accounting period to record expenses and revenue that have accrued but are not yet paid or received. They are also used to account for expenses and revenue made in advance. The purpose is to ensure that the accounting records reflect the period's actual expenses and revenue incurred and earned.

8 0

3 years ago

"In order to recommend a variable annuity to a customer, the representative should have a reasonable basis to believe that the c

Mrrafil [7]

Answer:

D. I, II, III

Explanation:

For suggesting a variable annuity to a customer, the representative has the reasonable basis to trust the customer that gained from growth of the deferred tax for the separate account, the trust of receiving the income for life and the living or death benefit allowed in the contract

So here they all three give conditions should be considered as they are relevant

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4 years ago

Joe Corporation produces and sells two products. In the most recent month, Product C90B had sales of $19,950 and variable expens

8_murik_8 [283]

Answer:

Decrease

Explanation:

Calculation to determine overall break-even point for the entire company

Contribution margin for C90B = ($19,950-

$5,985)/$19,950

Contribution margin for C90B = 70%

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Contribution margin for Y45E= 60%

Therefore Based on the above calculation if the sales mix were to shift toward Product C90B with total dollar sales remaining constant, the overall break-even point for the entire company

Would DECREASE reason been that C90B have more contribution margin ratio of 70% compare to Y45E which had contribution margin ratio of 60%

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3 years ago