martin signed a 5000 3 month on december 1 2004 with the principle plus interest due on march 1 2005
Answers
On March 1, 2005, Martin will debits notes payable for 5,075
Compound interest, which is when interest is added to a loan rather than paid off or collected from the borrower, is what causes it. for the purpose of generating interest on the principal amount and any accumulated interest throughout the following period. Interest is a typical occurrence in compound interest economics and finance.
In contrast to simple interest, which doesn't compound because past interest isn't added to the principle for the current period, there is compounding with compound interest.
The simple annual interest rate is equal to the period of interest multiplied by the number of periods in a year. The simple annual interest rate is also known as the nominal interest rate.
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Related Questions
By default, hourly employee time billed to customers on invoices are recorded using Select one:
A. the sales price associated with the service item
B. the sales price associated with the specific job
C. the employee's wage rate
D. the rate entered by the user when the invoice is created
Answers
Hourly employee time billed to customers on invoices are recorded using the employee's wage rate by default. The correct answer is option C.
This means that the amount charged to the customer is based on the hourly rate of the employee performing the service. This can be helpful for businesses that want to accurately reflect their labor costs on invoices, as it ensures that customers are paying for the actual time spent on their project or job.
However, it's important to note that this default setting can be changed if necessary. For example, some businesses may prefer to charge a higher rate for certain services or jobs, or they may want to factor in additional costs like overhead or equipment usage. In these cases, they may choose to use the sales price associated with the service item or specific job instead.
Ultimately, the method used to bill hourly employee time to customers on invoices will depend on the needs and preferences of the individual business. Regardless of the approach chosen, it's important to ensure that all billing practices are clear, accurate, and transparent to both employees and customers. This helps to build trust and ensure that everyone involved feels valued and respected.
Therefore, option C is the right one.
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Janyell is the money person. All purchases or any funds needed for business activities have to be sent to her and approved first.
Which Function of Business is Janyell most closely
associated with?
A- accounting
B- sales
C- production
D- finance
Answers
Answer:
B?
Explanation:
Post-Assessment
Question 2 of 5
Why is buying a car considered "bad debt"?
It decreases in value over time
It increases your net worth as it build equity
It gives you transportation to and from your job
It is worth more than any other investment
Submit
Continue
E
Answers
The reason why buying a car considered "bad debt"is that It decreases in value over time. option A
What is bad debt?The term bad debt can be described as the amount of money that a creditor must write off as a result of a default on the part of the debtor in a case whereby the creditor has a bad debt on the books, then things turn to uncollectible and is recorded as a charge-off.
It should be noted that a case can be regarded as bad debt because the value of the asset you receive from the loan depreciates quickly however in some cases interest charges increase how the amount that is been paid for the vehicle. and in thius case cost is higher compare to what it would be if you'd purchased the car outright with cash.
Hence, option A is correct.
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what were capital resources in the kingdom of mocha
Answers
Answer:
Bartering and the use of natural resources
Explanation:
It is correct
One bag of flour is sold for $1.00 to a bakery, which uses the flour to bake bread that is sold for $3.00 to consumers. A second bag of flour is sold for $1 to a grocery store who sells it to a consumer for $2.00. Taking these four transactions into account, what is the effect on GDP?
a. GDP increases by $3.00.
b. GDP increases by $5.00.
c. GDP increases by $6.00.
d. GDP increases by $7.00.
Answers
Answer:
B. GDP increases by $5.00.
Explanation:
A facility that rents space specifically to new businesses or to people wishing to start a business is called a:
Answers
Answer:
Business incubator.
Explanation:
In 2-5 paragraphs, discuss the process you would use to determine whether Internet resources are suitable and reliable sources of information.
Answers
which type of firm invests in lean manufacturing programs in order to improve customer service levels for a given inventory investment?
Answers
make-to-stock type of firm invests in lean manufacturing programs in order to improve customer service levels for a given inventory investment.
A concept known as "lean manufacturing" aims to increase productivity while eliminating waste in industrial systems. Anything that buyers do not think adds value to and are not prepared to pay for is considered waste. Lean manufacturing has many advantages, some of which include shorter lead times, lower operational expenses, and better product quality.
Organizations from a variety of industries can enable the practice of lean manufacturing, commonly referred to as lean production or lean. Toyota, Intel, John Deere, Nike, and other well-known corporations all employ lean techniques. The strategy is still employed by numerous other businesses and is based on the Toyota Production System. A lean production system might be advantageous for businesses that use enterprise resource planning (ERP).
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"this is for real estate- if earnest money is not delivered on
time by the designated broker who would be informed first? the
client or the title company?
Answers
In real estate, if the designated broker fails to deliver the earnest money on time, the client would typically be informed first, rather than the title company.
1. The earnest money is a deposit made by the buyer to show their commitment to purchasing the property.
2. The designated broker is responsible for handling the earnest money on behalf of the buyer.
3. If the broker fails to deliver the earnest money on time, it is their duty to inform the client, as they are the ones directly involved in the transaction.
4. The client needs to be informed promptly so they can take appropriate action, such as contacting the broker or seeking legal advice if necessary.
5. The title company may eventually become aware of the situation, especially if it affects the progress of the transaction, but they are not typically the first to be informed in this scenario.
If the designated broker fails to deliver the earnest money on time in real estate, the client would be informed first, rather than the title company. The broker should promptly communicate with the client to address the issue and explore possible solutions. It is important for the client to be informed so they can take appropriate action.
In real estate transactions, the earnest money serves as a deposit made by the buyer to demonstrate their seriousness and commitment to purchasing the property. The designated broker, who acts as an intermediary between the buyer and the seller, is responsible for handling the earnest money on behalf of the buyer. However, if the broker fails to deliver the earnest money on time, it is the client who would typically be informed first, rather than the title company.
The reasoning behind this lies in the fact that the client is directly involved in the transaction and has a vested interest in ensuring the timely and accurate handling of the earnest money. Therefore, it is crucial for the broker to promptly communicate with the client in case of any delays or issues with the delivery of the earnest money. By informing the client, they can be kept in the loop and take appropriate action, such as contacting the broker to address the situation or seeking legal advice if necessary.
While the title company may eventually become aware of the situation, especially if it impacts the progress of the transaction, they are not typically the first to be informed in this scenario. Their role primarily revolves around ensuring the proper transfer of ownership and handling the necessary paperwork during the closing process.
In conclusion, if the designated broker fails to deliver the earnest money on time in a real estate transaction, the client should be informed first. Prompt communication between the broker and the client is crucial to address any delays or issues and ensure the smooth progression of the transaction.
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2. Problems and Applications Q2 Suppose that changes in bank regulations reduce the availability of credit cards so that people need to hold more cash. Show how this event affects the demand for money. Demand Supply Value of Money (1/P) Quantity of Money Demand Supply If the Fed does not respond to this event, the price level will. True or False: If the Fed wants to keep the price level stable, it should keep the money supply unchanged. True False
Answers
The Fed should respond to the reduction in credit card availability to maintain a stable price level, not to keep the money supply unchanged.
When changes in bank regulations reduce the availability of credit cards, individuals will need to hold more cash for their transactions. This increased demand for cash directly affects the demand for money. The demand for money is a component of the overall demand for goods and services in an economy.
If the Fed does not respond to the increased demand for cash, the price level will be affected. The increased demand for money will create upward pressure on the price level, as there is a larger amount of money chasing the same quantity of goods and services. This can lead to inflationary pressures in the economy.
The statement "If the Fed wants to keep the price level stable, it should keep the money supply unchanged" is False. In response to changes in the demand for money, the Fed can adjust the money supply to maintain price stability. If the demand for money increases, the Fed can increase the money supply to meet the increased demand and stabilize the price level. Conversely, if the demand for money decreases, the Fed can reduce the money supply to avoid excessive inflation. Therefore, the Fed has the ability to influence the money supply to maintain price stability in response to changes in demand.
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Comment on the following statement made by a plant manager: "Meetings with my plant accountant are frustrating. All he wants to do is pin the blame on someone for the many variances he reports."
Answers
The plant manager feels frustrated with the plant accountant's focus on identifying variances and assigning blame.
The plant manager's statement suggests a perception of frustration with the plant accountant's approach to reporting variances. The manager may feel that the accountant's emphasis on identifying variances and attributing blame overlooks the underlying causes or fails to provide constructive solutions. It implies a potential disconnect between the plant manager's perspective on problem-solving and the accountant's focus on analyzing and addressing financial variances. This misalignment of expectations and communication can hinder collaboration and hinder the ability to address issues effectively. Open and transparent communication between the manager and accountant is crucial to finding common ground and resolving any frustrations.
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Mario was laid off two months ago. He has not searched for other work because he is expecting to be recalled to work. In the U.S. labor force statistics Mario is counted as
Answers
Answer:
Not much information to go off
Explanation:
This is hard to answer since there is no information about the state of the economy. If the economy is doing poor and that is his reason for unemployment, he is cyclically unemployed.
If he is just waiting for his job, he is frictionally unemployed because he is between jobs.
If you are not looking for a specific type of unemployment, he could be classified as not part of the labor force as he is not looking for a job.
non-elective contributions to a tsa are made
Answers
Non-elective contributions to a TSA (Tax-Sheltered Annuity) are made by an employer on behalf of an employee. These contributions are typically made as a percentage of the employee's salary and are not subject to employee election or contribution.
Non-elective contributions are a form of employer-sponsored retirement savings plan and are often used in the educational and nonprofit sectors, where TSAs are commonly offered instead of traditional 401(k) plans.
The advantage of non-elective contributions is that they provide a retirement savings benefit to employees without requiring them to make their own contributions. The employer takes the responsibility for contributing to the TSA on behalf of the employee, which can help promote long-term savings and financial security.
The specific terms and conditions of non-elective contributions to a TSA may vary depending on the employer's plan and policies.
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Non-elective contributions to a TSA (Tax-Sheltered Annuity) are contributions made by an employer on behalf of an employee. These contributions are made regardless of whether the employee chooses to make their own contributions to the TSA.
Non-elective contributions are typically based on a percentage of the employee's salary or a predetermined fixed amount.
Non-elective contributions to a TSA are a form of employer-provided retirement savings. They are often used as a means to supplement an employee's own contributions and help boost their retirement savings.
These contributions may be subject to certain limits set by the Internal Revenue Service (IRS) and are usually tax-deferred, meaning they are not taxed until they are withdrawn during retirement.
It's important to note that the specifics of non-elective contributions to a TSA can vary depending on the employer's plan and the applicable regulations. Employees should consult their employer or plan administrator for more information regarding non-elective contributions to their TSA.
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Select all that apply.
Careers in the Arts, Audio/Video Technology, & Communications Career Cluster include:
news anchor
soldier
ballet dancer
recording artist
Answers
Answer:
Mechanics, arts
Explanation:
wth fill in the blanks
Bankruptcy
Cash
Check
Credit
Debit
Debt
Foreclosure
Expenditures
Credit Card
Debit Card
Impulse Buying
Long-Term Goals
Needs
Short-Term Goals
Wants
Budget
Discretionary Income
Fixed Expenses
Variable Expenses
Scarcity
(not all the words are being used)
1. The amount of financial trust extended to a person or a business by a lender; a loan.
2. Money owed.
3. A legal process that gives a debtor protection from creditors.
4. Goods or services that make people more comfortable or content but which are not necessary for survival.
5. Goods or services that people cannot survive without, such as water, food, shelter, and clothing.
6. Money that is spent on goods, services, and bills.
7. A purchase based on an immediate want or due to the pressure of advertising.
8. Plans that take a year or more to accomplish.
9. Plans that can be accomplished within three months to a year.
10. A record of income and spending and a plan for managing money.
11. Money available to spend on goods and services that are not essential.
12. The economic condition of limited resources that prevents people from having everything they want.
13. Expenses that do not change from month to month, such as auto insurance or rent.
Answers
Answer:
1. Credit 2. Debt 3. Bankruptcy 4. Wants 5. Needs 6. Cash 7. Impulse Buying 8. Long-term goals 9. Short-term goals 10. Budget 11. Discretionary income 12. Scarcity 13. Fixed Expenses
Explanation:
organizations carry out human resource planning to
Answers
Human resource planning is done by businesses to ensure that workers are matched with their ideal positions in a way that prevents shortages or surpluses of labour.
What is the goal of planning for human resources?By creating plans that will lead to the best possible contribution of human resources, human resource planning aims to maintain and enhance the organization's capacity to fulfil its goals. Planning for human resources helps prevent shortages or surpluses of labour while ensuring the optimal match between employees and positions. The HRP process consists of four essential components. These involve reviewing the current labour market, predicting future need for labour, balancing supply and demand, and advancing organisational objectives. Forecasting labour need, analysing the current labour supply, and balancing predicted labour demand and supply are the three main components of the HR planning process.
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sue and andrew form sa general partnership. each person receives an equal interest in the newly created partnership. sue contributes $25,000 of cash and land with an fmv of $70,000. her basis in the land is $35,000. andrew contributes equipment with an fmv of $27,000 and a building with an fmv of $48,000. his basis in the equipment is $23,000, and his basis in the building is $35,000. how much gain must the sa general partnership recognize on the transfer of these assets from sue and andrew?
Answers
To determine the gain that the SA General Partnership must recognize on the transfer of assets from Sue and Andrew, we need to calculate the difference between the fair market value (FMV) and the basis of each asset.
For Sue's contributions:
Cash: No gain or loss is recognized on the contribution of cash.
Land: The FMV of the land is $70,000, and Sue's basis in the land is $35,000. Therefore, the gain recognized on the transfer of the land is $70,000 - $35,000 = $35,000.
For Andrew's contributions:
Equipment: The FMV of the equipment is $27,000, and Andrew's basis in the equipment is $23,000. Therefore, the gain recognized on the transfer of the equipment is $27,000 - $23,000 = $4,000.
Building: The FMV of the building is $48,000, and Andrew's basis in the building is $35,000. Therefore, the gain recognized on the transfer of the building is $48,000 - $35,000 = $13,000.
To find the total gain recognized by the SA General Partnership, we sum up the gains from each asset:
Total Gain = Gain on Land + Gain on Equipment + Gain on Building
= $35,000 + $4,000 + $13,000
= $52,000
Therefore, the SA General Partnership must recognize a total gain of $52,000 on the transfer of assets from Sue and Andrew.
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Select the whether the FIFO or LIFO inventory costing method normally produces each of the following effects under the listed circumstances. Declining costs.Rising costs
Answers
The choice of inventory costing method can have a significant impact on the financial results of a company. The FIFO and LIFO methods should be carefully evaluated based on the specific circumstances and goals of the company.
The FIFO (First-In-First-Out) and LIFO (Last-In-First-Out) inventory costing methods can produce different effects under different circumstances. In the case of declining costs, the LIFO method typically produces higher cost of goods sold (COGS) and lower net income compared to FIFO.
This is because LIFO assumes that the last inventory items purchased are the first ones sold, which means that the COGS reflects the higher costs of those items. On the other hand, FIFO assumes that the first inventory items purchased are the first ones sold, which means that the COGS reflects the lower costs of those items.
Therefore, in a declining cost environment, LIFO leads to higher COGS and lower net income compared to FIFO.
In the case of rising costs, the FIFO method typically produces higher COGS and lower net income compared to LIFO. This is because FIFO assumes that the first inventory items purchased are the first ones sold, which means that the COGS reflects the lower costs of those items.
On the other hand, LIFO assumes that the last inventory items purchased are the first ones sold, which means that the COGS reflects the higher costs of those items. Therefore, in a rising cost environment, FIFO leads to higher COGS and lower net income compared to LIFO.
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Note- Question is not available.
Ubuntu comes in 2 version. Command Line Interface and Graphical User Interface True False ustome to 12. sudo apt-get purge open-vm-tools-desktop -y command will install vmware W tools O Yes No
Answers
False. Ubuntu comes in various versions, but the two most common versions are Ubuntu Server and Ubuntu Desktop.
Ubuntu Server is a version designed for server environments and typically operates without a graphical user interface (GUI) by default. It is primarily managed through command-line interface (CLI) tools and is optimized for running services and applications on servers.
On the other hand, Ubuntu Desktop is the version intended for personal computers and laptops, and it comes with a graphical user interface (GUI) by default. It provides a user-friendly environment that allows users to navigate the system, run applications, and perform tasks using a visual interface.
Regarding the second statement, the command "sudo apt-get purge open-vm-tools-desktop -y" is used to remove the open-vm-tools-desktop package from the system, not to install VMware Tools. Therefore, the correct answer is "No," this command does not install VMware Tools.
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Fill The Blank! the high-low method uses ___ points to estimate the cost equation
Answers
Two points are used in the high-low technique to determine the cost equation. In cost accounting, the high-low method is an attempt to separate fixed and variable costs when the amount of data is limited.
The high-low technique compares the overall cost of the highest and lowest activity levels.
If the variable cost is a fixed charge per unit and the fixed cost remains the same, then the fixed and variable costs can be determined by solving the system of equations. However, be careful when using the high-low method.
This is because depending on the value distribution between the highest and lowest amounts, you may get more or less accurate results. Costs associated with products, product lines, equipment, stores, geographical sales areas, or subsidiaries consist of both variable and fixed costs. An analyst or accountant can use a technique called the high-low method to determine both cost components of the total cost.
The high-low method is used to calculate the variable and fixed costs of a mixed-cost product or unit.
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Question 9 of 20
What is a sales quote?
A. A statement that summarizes items purchased and the prices
paid
B. A statement that details a purchase and requests payment of the
specified amount due
C. An estimate that offers to provide goods and services at a
specified price and sometimes by a specified date
D. A request to buy specified items at the seller's price
SUBMIT
Answers
Answer: C. An estimate that offers to provide goods and services at a
specified price and sometimes by a specified date
Explanation:
is the correct answer
The sale quote is an estimate that offers to provide goods and services at a specified price and sometimes by a specified date. The correct option is (C).
What do you mean by the term sale?A sale is a transaction that involves exchanging products or services for a specific sum of money.
To put it another way, a sale is any action that involves giving the buyer possession of a thing or commodity in return for payment.
The availability of the goods and services that are to be acquired as well as the seller's authorization to transfer the goods and services to the appropriate buyer are among the conditions precedent to a sale.
Sales support the growth of a business. Better sales translate into better earnings, which aid in the development and growth of the company. Therefore, the profit and margin are better the more that is sold.
Therefore, the sale quote is an estimate that offers to provide goods and services at a specified price and sometimes by a specified date.
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Alexa hoped that a good outline will accomplish which of the following for her presentation
Answers
Alexa hoped that a good outline will accomplish to help her distinguish between main topics and subtopics.
What is the presentation?A presentation refers to conveying information from a speaker to an audience. It includes an introduction, demonstrations, speeches, or lectures.
The missing options in the question are
help her distinguish between main topics and subtopics.Let her find how competing theories disagree with her ideas.Encourage her to describe in length the information on her slides.Enable her to use media more efficiently.Alexa hoped that a good outline needs to accomplish for her presentation is to help her distinguish between main topics and subtopics.
Therefore, A is the correct option.
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Look at the chart below.
Potential Career Paths
Skills Education Column 3 Job growth
Job 1 Extroverted, communicator Certification Work from home 0 percent
Job 2 Analytical, solution-oriented B.A. + License Office 11 percent
Job 3 Artistic, focused M.A. Outdoors 9 percent
Job 4 Curious, ambitious Ph.D. Traveling/Field 25 percent
Which job best fits the description of a health-and-safety engineer?
job 2
job 1
job 4
job 3
Answers
Answer:
Job 4
Explanation:
Job 4 best suits the job description of health and safety engineer. It is important for a health and safety officer that he must be ambitious and dur to nature of the job he has to travel across different fields. Health and safety officer has great responsibility as he is the one who is responsible for implementing safe work environment.
Which of the following statements describes how the emergence of social media has transformed the way we do business?
A) Social media has provided website pages for advertising products and services.
B) Social media has proven to be a disappointment for marketers because it has taken dollars away from traditional promotion, but it has not created positive measurable results.
C) Social media began as a marketing tool, but has not experienced the anticipated success.It has fallen by the wayside in terms of a useful business tool.
D) Social media has enhanced the way businesses interact and collaborate with their customers.
Answers
The emergence of social media has transformed the way we do business by enhancing the way businesses interact and collaborate with their customers.
Option D, "Social media has enhanced the way businesses interact and collaborate with their customers," accurately describes the impact of social media on business. Social media platforms have provided businesses with new channels to engage with their target audience, gather customer feedback, and build relationships. It has facilitated direct communication, personalized interactions, and real-time customer support. Additionally, social media enables businesses to reach a wider audience and promote their products and services through targeted advertising campaigns.
The transformative power of social media lies in its ability to facilitate more dynamic and interactive relationships between businesses and customers, leading to improved customer engagement and brand loyalty.
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Which of the following is most likely to produce scientific evidence about a theory?
a. an economist employed by the AFL/CIO doing research on the impact of trade restrictions on workers' wages
b. a radio talk show host collecting data on how capital markets respond to taxation
c. a tenured economist employed at a leading university analyzing the impact of bank regulations on rural lending
d. a lawyer employed by General Motors addressing the impact of air bags on passenger safety
Answers
When the economist is employed for the university so it affects the bank regulations. This represent the generation of the scientific evidence related to the theory.
The following information should be considered
The tenured economist should give scientific proof related to the theory. In this, the primary data is collected & then transform into the theoryIn option a, only do the research. The rest of the options does not give scientific evidence.Therefore we can conclude that option c is correct.
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hiring individuals with high levels of emotional intelligence is an effective method of
Answers
Hiring persons with high level emotional intelligence is effective method of fostering better interpersonal relationship, promoting teamwork, enhancing overall communication or collaboration within an organization.
Teamwork is the collaborative effort of a group of individuals working together towards a common goal or objective. It involves pooling together diverse skills, knowledge, and perspectives to achieve collective success. Teamwork fosters effective communication, cooperation, and coordination among team members, promoting synergy and maximizing productivity. It encourages the sharing of responsibilities, mutual support, and the leveraging of individual strengths. Successful teamwork requires trust, respect, and open communication, creating an environment where ideas are valued, conflicts are resolved constructively, and collective achievements are celebrated.
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importance of Technical profession
Answers
Answer:
The technical profession has always been important as it has replaced the society from nomadic to the modern era. ... The facilities of medicines, surgical works, communication, computer technology, transportation system, etc are the result of technical professions.
what is the market result of a situation in which buyers possess more information than sellers? multiple choice question.
Answers
A market result of a situation in which buyers possess more information than sellers is B. Reduced market activity.
What happens when buyers posses more information than sellers ?In a market where buyers possess more information than sellers, it can lead to a situation where buyers are more cautious and hesitant in making purchases.
This can result in a decrease in market activity, as fewer transactions are taking place. However, in some cases, buyers may be willing to pay a premium for goods or services that they believe are of high quality due to their access to information.
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Options for this question are:
a) Rising prices of goodsb) Reduced market activityc) Increased production but decreased consumptiond) Falling marginal costs to producersWhy do you think banks have such widely varying policies on overdraft fees?
Answers
Answer:
Banks have alot of varying policies to feed the sutiaion for different people. Varying policies allow banks to charge people for varying reason that fits them.
Explanation:
Some banks treat their customers better than others, which explains why banks' overdraft policies vary so widely. Some banks require the funds generated by overdraft fees because banks exist to make money.
Why are overdraft fees charged by banks?Overdraft fees may be viewed as a way for financial institutions to be compensated for the risk they assume by allowing users to make purchases with money they do not currently have. It also helps banks because these fees are a significant source of revenue for many financial institutions. Overdraft fees for customer accounts are being reduced or eliminated as a result of increased competition. The bill limits the number of overdraft fees that can be charged to a consumer each month and year, and it requires that such fees be reasonable. The bill prohibits charging an overdraft coverage fee if the overdraft is caused solely by a debit hold amount that exceeds the transaction's actual dollar amount.To lean more about overdraft fees, refer to:
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if a company with multiple shareholding owners merged with another company, how would the merger affect the shareholders
Answers
If the merge happens, shareholders of both companies will have a stake in the new one.
Merger announcements will specify what percentage of the combined company each group of shareholders will own based on the deal's terms. Shareholders whose shares are not exchanged will find their control of the larger company diluted by the issuance of new shares to the other company's shareholders.
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