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3 years ago

Why is there more risk for a business when it accepts checks than debit cards?

Business

1 answer:

QveST [7]3 years ago

5 0

Answer:

D. A debit card is approved electronically while checks are not.

Explanation:

A check can take days to clear the bank are not verified when given to the store.

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Sanders Enterprises arranged a revolving credit agreement of $9,000,000 with a group of banks. The firm paid an annual commitmen

Usimov [2.4K]

Answer:

Total dollar Annual Cost = $300,000

Explanation:

Total loan Commitment = 9000000

Borrowed Fund (Used Portion) = 6000000

Unused Portion (9000000 - 6000000) = 3000000

Annual Commitment Fee for unused Portion = 0.50%

Commitment Fee = 3000000 x 0.05% = 15000

Borrowed Fund (Used Portion) = 6000000

Interest Rate (3.25% + 1.5%) = 4.75%

Interest Cost (6000000 x 4.75%) = 285000

Total dollar Annual Cost (15000 + 285000) = $300,000

5 0

3 years ago

Greger Peterson is a senior manager at a public accounting firm making a base salary of $180,000 a year ($15,000 per month). Emp

evablogger [386]

Answer: The social security tax will be withheld through September.

Explanation:

Social Security maximum base amount = $128,400

social security tax rate = 6.2% = 0.062

Medicare tax = 1.45% = 0.0145

Medicare Tax = no maximum

Base salary = $180,000

Social security tax amount = 0.062 × $128,400 = $7,960.80

Medicare Tax = 0.0145 × $180,000 = $2,610

Social security tax to be withheld = $7,960.80

Social security maximum base amount = $128,400

Monthly salary = $15,000

$128,400 ÷ $15,000 = 8.56

($15,000 × 8) + ($15000×0.56) = $120,000 + $8400

Therefore, the social security tax will be withheld through the ninth month which is between January to September

8 0

4 years ago

True or false: suppose that the hypothetical country of paddyland has a chronic scarcity of rice, its staple grain. this implies

ValentinkaMS [17]

If Paddyland was a true market economy with no government interaction, then a scarcity of rice would mean that the price of rice would go up until the level of supply and demand evened out.

3 0

3 years ago

Which of the following statements is correct? A. Control is most effective when two or three people are given responsibility for

Furkat [3]

Answer:

"B"

Explanation:

Segregation of duties is a major international control procedure where responsibilities are shared between two or more individuals.

The aim is to minimize or prevent the opportunity for a particular individual to execute and cover up fraudulent activities.

It is arranged in a way that an individual is in the position to keep a check over the activities of the other party.

3 0

3 years ago

Transactions that affect earnings do not necessarily affect cash. Identify the effect, if any, that each of the following transa

MissTica

Solution :

Required :

Items Cash Net Income

a). Supplies of $133 purchased for cash - $ 133 --

b). Recorded the adjustment entry so as to

record use the $31 for the above supplies -- $ 31

c). Made sales of the $ 1297 on account -- $ 1,297

d). $865 received from customers as payment

of accounts $ 865 --

e). $ 2,528 purchased the equipment for cash - $ 2, 528 --

f). Recorded the depreciation of the building

for the period use of $ 610 -- $ 610

3 0

3 years ago