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2 answers:
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Overdraft is a facility provided by bank to make expenses more than that of the balance present in the account of customers. This facility is provided to certain specified customers with high credibility.
Given
Balance is $202.86
Note: Payments will be recognized in descending order because it is the policy of bank to record the highest transaction first.
Payments made are :
$113.92
$80.73
$35.24
$16.89
<h3>Calculations</h3>Therefore Shakira will be allowed to overdraw from the account as the amount of overdraft is less than $50.
Elaborating further, When we deduct the payments from the balance in descending order we reach on a conclusion that there will be 2 overdrafts made because after deducting $113.92 and $80.73 from the balance amount of $202.86 there will be 2 payments pending amounting $35.24 and $16.89 from the left balance of $ 8.21.
Therefore the correct option will be OPTION B i.e. 2 overdrafts.
Learn more about overdrafts here:
Answer:
Following are the solution to the given point.
Explanation:
For question 1:
Economic gains are distinct from bookkeeping gains. Accounting value also takes into account the cost of potential.
that's why "option a" is correct.
For question 2:
The "option d" is correct.
For question 3:
The "option c" is correct.