1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Aleks04 [339]
3 years ago
11

John's debit card was stolen on Wednesday and used to purchase $700 worth of merchandise. John notified his financial institutio

n on Thursday. What is his liability?
Business
1 answer:
Verizon [17]3 years ago
4 0

Answer:

The liability of John is $50.

Explanation:

When the ATM, credit, or debit cards of a customer are stolen or lost, both the Fair Credit Billing Act (FCBA) and the Electronic Fund Transfer Act (EFTA) come into action to give protection to the customer.

Specifically, if the credit or debit card is stolen or lost, the FCBA provides that maximum amount of liability that the customer will bear for any unauthorized use is $50.

The EFTA provides that if the stolen card is reported within 2 business days, the maximum liability for any authorised transaction is $50.

Therefore, since John notified his financial institution on Thursday which is still within 2 business days, his liability is still $50 based on the provisions of the EFTA and also the FCBA.

You might be interested in
Assignment, write a narrative essay. Your essay should address how the key elements of organizational culture impact human resou
GarryVolchara [31]

Answer:

Ok

Explanation:

Sexual harassment is a recurring problem around the globe. ... The expected outcome of this paper is the development of policies and ... to study the current work environment in Lebanon as to how it deals with sexual harassment. ... manager, the undersigned, or the Corporate Human Resources ...

8 0
3 years ago
Performance Products Corporation makes two products, titanium Rims and Posts. Data regarding the two products follow: Direct Lab
alina1380 [7]

Answer:

Machine setups= $173.8 per setup

Special processing= $136.67 per machine hour

General factory= $13 per direct labor hour

Explanation:

<u>To calculate the activities cost rates, we need to use the following formulas:</u>

Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Machine setups= 34,760 / 200= $173.8 per setup

Special processing= 136,670 / 1,000= $136.67 per machine hour

General factory= 819,000 / 63,000= $13 per direct labor hour

5 0
3 years ago
If a company that is in a 35 % tax bracket invests in assets that increase its depreciation expense by $ 562 per year, its chang
jasenka [17]

Answer:

increase of 196.70 dollars

Explanation:

While the depreciation expense will not generate a cash outflow or inflow, the expense will impact the net income which determinates the incoem tax payable.

This change in the net income and therefore, the income tax will also change the cahsflow:

depreciation ( 1 - t ) = tax-shield

562 x 35% = 196.70

The increase in depreciation provides a 196.70 dollars tax shield which increases the cash flow generate for the year.

3 0
3 years ago
The aggregate demand curve indicates the relationship between
Artyom0805 [142]

Answer:

the general price level and the aggregate quantity of goods and services demanded

Explanation:

8 0
4 years ago
Personalized products is a small manufacturing firm specializing in custom-order tool and die work. a computerized accounting sy
sashaice [31]

Personalized products are a small manufacturing firm specializing in custom-order tool and die work. a computerized accounting system would help personalized products by helping management identify cash flow and other financial difficulties more quickly.

Customizing items to suit clients' unique requirements and preferences is known as product personalization. These personalized products may be made-to-order utilizing a conventional production process with a variety of options offered within existing parameters or they may be specially manufactured items made for a particular customer.

The majority of customers are more inclined to make purchases from a merchant who offers more pertinent messages, recommendations, and incentives as well as experiences that are more catered to their unique interests.

The company will be able to provide more items than was previously possible thanks to quicker updates, shorter time-to-market, and improved business procedures using automated and collaborative workflows.

To learn more about product personalization refer to:

brainly.com/question/15006525

#SPJ4

8 0
2 years ago
Other questions:
  • Shaffer Company presents the following data for 2012. Net Sales, 2012 $3,007,124 Net Sales, 2011 93,247 Cost of Goods Sold, 2012
    13·1 answer
  • At equilibrium in a perfectly competitive market: allocative efficiency is achieved because the sum of consumer and producer sur
    6·1 answer
  • What is litagation mediation and arbitration
    11·2 answers
  • In the united states, federal, state, and local legislative actions that require the consideration of environmental and cultural
    6·1 answer
  • the costs of running a business are called ___________. a. startup costs b. cash flow c. operating expenses d. fixed costs
    5·2 answers
  • At the beginning of 2021, Angel Corporation began offering a two-year warranty on its products. The warranty program was expecte
    5·1 answer
  • The Kaizen approach to change: Select one: a. favors the use of a large number of small local projects b. has to be led by a tea
    13·1 answer
  • Question text
    10·2 answers
  • Sheridan Company assigns $4570000 of its accounts receivables as collateral for a $2.94 million loan with a bank. The bank asses
    15·1 answer
  • How to calculate direct labor
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!