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olasank [31]
2 years ago
5

Which fees was John charged on his checking account during this statement period?

Business
1 answer:
Zigmanuir [339]2 years ago
7 0

The overdraft fee is the fee that John was charged on his checking account.

<h3>What is an overdraft fee?</h3>

This is a fee that has to be paid due to the fact that a payment has been authorized.

The overdraft fee is usually paid to cover transactions if there are not enough funds in the account.

<h3>The checking account</h3>

This is a current account that lets deposit and easily withdraw for the sake of transactions.

Read more on  the overdraft fee here: brainly.com/question/25532516

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Dave is a salaried employee who works in a gas station. He only earns from his job and has no other source of income. He gets a
Grace [21]

Answer:

In my opinion the most suitable answer is E. increase his sources of income to show a rise in his income after taxes

Explanation:

The reason is he could lower his expenses too, but for how long? Inflation is going to eat his salary away anyway possibly in 5 to 10 years so what Daventry ustock do is to create another source of income so that he is safe. Possibly through investing in income generating assets, real estate and possibly a side hustle! (A small time business)

6 0
4 years ago
The Smiths' purchased a residence for $75,000. They made a down payment of $15,000 and agreed to assume the seller's existing mo
777dan777 [17]

Answer:

Purchase money mortgage.

Explanation:

A purchase money mortgage is the loan that is given to the individual buying the property.

This loan is issued by the seller of the property as a part of the transaction made when selling the property. The interest rate that comes with this type of loan is high.

The buyers benefit from the purchase money mortgage due to the flexible requirements that is needed in collecting the loan while the sellers benefits from the high interest rates that is added to the loan.

5 0
3 years ago
When sellers are willing to accept money in exchange for goods and​ services, money is acting as a?
lora16 [44]
Money is functioning as a medium of exchange. Money makes transactions easier, instead of having to barter for items, you can complete transactions through the usage of money. 
Money serves three primary functions unit of account, store of value and most important medium of exchange. 

4 0
3 years ago
Cheap Money Bank offers your firm a discount interest loan at 8.25% for up to $25 million and, in addition, requires you to main
Leona [35]

Answer:

10.75%

Explanation:

The computation of the effective annual interest rate is shown below:

= Interest  ÷ total net amount available

where,

Total net amount available would be

= Loan amount - Loan amount × interest rate - loan amount × compensating percentage

= $25,000,000 - $25,000,000 × 8.25% - $25,000,000 × 15%

= $25,000,000 - $2062,500 - $3,750,000

= $19,187,500

And, the interest would be $2,062,500

Now put these values to the above formula  

So, the rate would equal to

= $2,062,500 ÷ $19,187,500

= 10.75%

4 0
4 years ago
Select the suitable concept to match the appropriate definition.
Diano4ka-milaya [45]

Answer:

1.Sacrifice of resources.  (A) Cost

2.Cost that cannot be directly related to a cost object.  (F) Indirect Cost

3.Cost that varies with the volume of activity.   (K) Variable Cost

4.Cost used to compute inventory value according to GAAP.  (E) Full absorption Cost

5.Cost charged against revenue in a particular accounting period. (C) Expense

6.Cost that can be directly related to a cost object.   (B) Direct Cost

7.Past, present, or near-future cash flow.   (H) Outlay Cost

8.Lost benefit from the best forgone alternative. (G) Opportunity Cost

9.Cost that can more easily be attributed to time intervals.   (I) Period Cost

10.Cost that does not vary with the volume of activity. D) Fixed Cost

11.Cost that is part of inventory. (J) Product Cost

Explanation:

5 0
3 years ago
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