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2 years ago

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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luda_lava [24]

Answer:

$13,739.13

Explanation:

To determine the amount that Jackson borrowed today, we have to find the present value of $16,700

PV = FV (1 + r)^-n

FV = Future value

P = Present value

R = interest rate

N = number of years

$16,700 (1.05)^-4 = $13,739.13

I hope my answer helps you

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3 years ago

The adjusted trial balance for Chiara Company as of December 31 follows.

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3 years ago

Albuquerque, Inc., acquired 36,000 shares of Marmon Company several years ago for $900,000. At the acquisition date, Marmon repo

mafiozo [28]

Answer:

No Journal entries will be required in either instance. But a note to the financial statement would be appropriate in explaining the declining stake in Marmon Inc.

Explanation:

A. Total share valuation was $1,000,000. ($900,000 + $110,000) which is made up of Albuquerque's holdings and the non controlling interests. This is equivalent holding of 89% by Albuquerque.

*the investment would have been recognized at cost to Albuquerque at $900,000.

But when Marmon sold additional 10,000 shares the interest reduces to 63%

*This wouldn't necessitate any journal entry by Albuquerque as a result of the additional issues of shares but the % stake in Marmon would show to have reduced as a note in its financial records.

And when a further 2,000 was issued Albuquerque stake drops to 61%

* Again this wouldn't necessitate any journal entry by Albuquerque as a result of the additional issues of shares but the % stake in Marmon would show to have reduced as a note in its financial records.

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4 years ago

Let’s say you are a defense attorney and are defending a client on a murder charge. The victim was found in a dark alley. A witn

Klio2033 [76]

As mentioned the alley was dark. So it is possible that there was someone else at the crime scene and the witness is mistaken to be that man. It is quite possible to see someone in the dark and mistaken them for someone else. As the alley was dark, eye witness testimony is not reliable.

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3 years ago

M Corporation uses the weighted-average method in its process costing. The following data pertain to its Assembly Department for

Keith_Richards [23]

Answer:

For material = 10,500 units

For conversion = 9,100 units

Explanation:

The computation of the equivalent units of production for both materials and conversion costs is shown below:-

For material = Units completed and transferred to the next department + (Work in process × Material work in progress percentage

= 8,400 + (2,800 × 75%)

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For conversion = Units completed and transferred to the next department + (Work in process × Conversion work in progress percentage

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= 9,100 units

Therefore we have computed the equivalent units of production for both materials and conversion costs by applying the above formula.

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3 years ago