What happens if you overdraft your checking account?
Answers
When you overdraft your checking account, it means you have spent more money than what you had in your account.
Over drafting can lead to a range of consequences, including fees and penalties from your bank, declined transactions, and damage to your credit score. Here are some possible outcomes of over drafting your checking account:
1. Overdraft fees: The most common consequence of over drafting your checking account is incurring overdraft fees. When you spend more money than what you have in your account, your bank may charge you an overdraft fee that can range from $30 to $40 or more per transaction. This fee is added to the negative balance of your account, which means you will have to pay it back along with the amount you borrowed.
2. NSF fees: If your bank declines a transaction because you don't have enough funds to cover it, they may charge you a non-sufficient funds (NSF) fee. This fee is similar to an overdraft fee, but it applies when you try to make a payment that you don't have enough money to cover.
3. Overdraft protection: Some banks offer overdraft protection, which means they will automatically transfer funds from your savings account or credit line to your checking account when you overdraft. While this can help you avoid overdraft fees, it may come with its own fees and interest charges.
4. Damage to credit score: If you don't pay back the negative balance of your account, your bank may send your account to collections or report the delinquent balance to credit bureaus. This can damage your credit score and make it harder to get approved for loans, credit cards, or other financial products in the future.
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Related Questions
Duties performed by warehouse case study class 11
Answers
The duties performed by a warehouse include receiving, storing, and distributing goods and materials efficiently and safely.
What are the primary responsibilities of a warehouse?A warehouse plays a crucial role in the supply chain management of businesses. Its main responsibilities revolve around receiving, storing, and distributing goods and materials.
Upon receiving shipments, warehouse staff inspect the contents for quality and accuracy verifying that the delivered items match the corresponding documentation. They then organize and store the goods in designated locations within the warehouse ensuring efficient use of space
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Changes in the asset lives and salvage value are changes in accounting
Answers
As a change in an accounting estimate, the anticipated useful life or salvage value of a long-lived asset must be recorded prospectively under ASC 250-10 in the period of the change and subsequent periods.
What is salvage value?The book value of an asset after all depreciation has been fully expensed is known as the salvage value.
An asset's salvage value is determined by what a business anticipates getting in return for selling or dividing it up after its useful life has passed.
For instance, if a company's machinery has a lifespan of five years but only has a worth of $5,000 at the conclusion of that time, the salvage value is $5,000.
A change in a long-lived asset's estimated useful life or salvage value is a change in an accounting estimate and needs to be reported prospectively under ASC 250-10 in the period of change and subsequent periods.
Therefore, as a change in an accounting estimate, the anticipated useful life or salvage value of a long-lived asset must be recorded prospectively under ASC 250-10 in the period of the change and subsequent periods.
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Correct question:
Changes in the asset lives and salvage value changes in accounting _____.
Money needed to operate a business
Answers
Answer:
According to the U.S. Small Business Administration, most microbusinesses cost around $3,000 to start, while most home-based franchises cost $2,000 to $5,000. While every type of business has its own financing needs, experts have some tips to help you figure out how much cash you'll require
Explanation:
Art teacher Monica earns time and a half for the number of hours she works over 40 hours. One week she worked 48 hours. How many hours of overtime did she work?
Answers
Answer:
8 hours
Explanation:
Here, we want to know the number of overtime hours worked.
From the question, we are told that the pay is slightly different and higher if she worked for some hours over 40 hours
What this means is that the regular number of hours is 40; then the number of hours in this case 8 over 40 is her over time
a commonly cited reason for financial failure is a lack of _____.
Answers
A commonly cited reason for financial failure is a lack of financial planning and management.
Financial planning and management are crucial for the success and stability of individuals, businesses, and organizations. A lack of financial planning and management can lead to various problems and ultimately result in financial failure.
Financial planning involves setting financial goals, creating budgets, managing cash flows, and making strategic financial decisions. Without proper planning, individuals or businesses may overspend, accumulate debt, or fail to allocate resources effectively.
This can lead to financial instability, inability to meet financial obligations, and ultimately, financial failure. Financial management encompasses the ongoing monitoring and control of financial activities, such as tracking income and expenses, managing investments, controlling costs, and optimizing financial resources.
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Why very few subsistence economies exist today
Answers
Answer:
As previously mentioned,
subsistence markets are
extremely vulnerable to
external influences.
Because of this
vulnerability, these economies are
becoming more scarce around the
world. In the past, for example, large
populations of indigenous peoples lived
throughout North America.
Meeting others through volunteer work is the most common way people expand their network. true false
Answers
Answer:
false
Explanation:
Answer:
F
Explanation:
Just took the quiz on Edge
Credit card companies charge
on any purchases you have not paid off that month.
Answers
Yess they do I have a credit card the only thing u need to do is to not leave your account on negative and keep putting money in it because if it’s under 10$ and you don’t put more you will be charged 35 the next day so when you put money back they will take your money, let me be honest debit cards eats your money it’s better to get credit
Consider a simple economy that produces only pies. The following table contains information on the economy's money supply, velocity of money, price level, and output. For example, in 2019, the money supply was $360, the price of a pie was $9.00, and the economy produced 800 pies.
Answers
The velocity of money in 2019 based on the information will be 20 and the nominal GDP is $7200.
From the complete information, the velocity will be calculated thus:
= Price level × Quantity / Quantity of money
= (9 × 800) / 360.
= 20
The nominal GDP will be:
= Price level × Quantity
= 9 × $800
= $7200
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The Italy can produce 20 Gas turbines and 60 Tyres. France can produce 80 Gas turbines and 30 Tyres.
a). What is the opportunity
cost of producing Gas turbines in Italy? ______ tyres.
b). What is the opportunity cost of producing Tyres in
France ? _______ Gas turbines.
Answers
Answer:
1. 60 Tyres
2. 80 Gas Turbines
Explanation:
Given that the Opportunity cost is an economics term that is used in describing the cost of an alternative that must be forgone to continue or proceed with a certain activity.
Hence, in this case, considering the available information in the question, the correct answer is that the opportunity cost of producing Gas turbines in Italy is 60 Tyres.
At the same time the opportunity cost of producing Tyres in France 80 Gas turbines.
Suppose that society decided to reduce consumption and increase investment. a. How would this change affect economic growth? b. What groups in society would benefit from this change? What groups might be hurt? c. What is the opportunity cost of investing in capital? Do you think a country can overinvest in capital? d. What is the opportunity cost of investing in human capital? Do you think a country can overinvest in human capital?
Answers
Thus, it can be said that reducing consumption and increasing investment leads to an increase in the equilibrium level of real GDP.
a. If society decided to reduce consumption and increase investment, it would lead to an increase in economic growth. When investment increases, the aggregate demand increases, leading to an increase in real GDP. Consumption decreases, leading to a decrease in aggregate demand, but this decrease is more than offset by the increase in investment.
b. From the given situation, groups in society that would benefit from this change are:
Workers who are seeking employment: When investment increases, new companies are established, which leads to an increase in job opportunities. Hence, workers seeking employment would benefit from this change.
Savers: Individuals who save money would benefit from this change. When investment increases, interest rates rise, and thus, savers earn a higher rate of return.
On the other hand, groups that might be hurt are:
Consumers: When consumption decreases, the prices of goods and services decrease, but interest rates increase. Hence, consumers who borrow money for consumption may face high borrowing costs.
Workers in certain industries: When investment increases, some industries may see a decline in their demand, leading to lower wages or layoffs.
c. The opportunity cost of investing in capital is the goods and services that society forgoes to produce the capital. If a country invests in capital, it cannot invest in other things. A country can overinvest in capital. For instance, if a country invests in too much capital, it will lead to an increase in production capacity, but the demand may not be enough to absorb the increased production capacity.
d. The opportunity cost of investing in human capital is the goods and services that society forgoes to produce the human capital. If a country invests in human capital, it cannot invest in other things. A country can also overinvest in human capital. For instance, if a country invests in too much human capital, it may lead to unemployment if there are not enough jobs that require the newly acquired skills.
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on a timeline, a milestone 14 years in the future will be to the ____ of a milestone 8 years in the future and to the ____ of a milestone 2 years in the future. left; left, right; left, right; right, left; right
Answers
Answer:
Right; Right
Explanation:
.
Write a muical expreion with at leat three operation that ha the ame value a (12-9) x 43 jutify your anwer
Answers
The required numerical expression with at least three operations that yield the same value as (12-9) x 43 is (23 - 20) x (40 + 3).
First, determine the solution for the given expression:
= (12-9) x 43
= 3 x 43
= 129
The given expression gives result 129.
Now write a numerical expression that provides the same value as the expression (12-9) x 43 produces.
For instance,
= (23 - 20) x (40 + 3)
Now solve it to check to see if it gives 129.
= (23 - 20) x (40 + 3)
= 3 x 43
= 129
Therefore, (23 -20) x (40 + 3) is the required numerical expression.
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Why did the speaker decline to grant product endorsements to marketers after her study was published?
Answers
The reason why the speaker declined to grant product endorsements was that she said that she would have been going beyond science and good scientists are careful not to do this.
What is an Endorsement?This refers to the personal indication or seal of approval that is given to a particular item or a company about something to give it credibility.
Hence, we can see that from the complete text, there is the narration of the product endorsements and why the speaker did not give one because it would go beyond science.
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2. Idler Co. has an investment in Cowl Corp. for which it uses the equity method. Cowl has suffered large losses for several years, and the balance in the investment account has been reduced to zero. How should Idler account for this investment
Answers
Answer:
Since the account's balance is $0, Idler should not continue to use the equity method to report their investment in Cowl Corp. E.g. Idler has 50% of Cowl, but 50% of $0 is still $0. Only if Cowl continues to operate and starts making a profit, should Idler again start including that investment in their balance sheet using the equity method.
How many basics are listed by Ritz Carlton to insure​ 100% customer​ satisfaction?
A. 10
B. 11
C. 20
D. 16
Answers
The number of basics are listed by Ritz Carlton to insure 100% customer satisfaction is option (b) 11
The Gold Standards include a total of 11 basic elements, each of which is critical to ensuring customer satisfaction. These include things like addressing customers by name, anticipating their needs, and resolving any issues or complaints in a timely manner.
The Ritz-Carlton Hotel Company has 11 basic Gold Standards that are designed to ensure 100% customer satisfaction. These standards are critical to the company's success and are based on the philosophy that the customer always comes first.
By following these standards, the company can provide exceptional service and build a strong reputation for quality and excellence.
Therefore, the correct answer to the question is B (11).
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Complete Question:
How many basics are listed by Ritz Carlton to insure 100% customer satisfaction?
A. 10
B. 11
C. 20
D. 16
What the link between ifrs 10 and consolidated financial statements?
Answers
IFRS 10 is the International Financial Reporting Standard that relates to the preparation and presentation of consolidated financial statements. It establishes uniform standards for the preparation and presentation of consolidated financial statements for entities that are under the control of a parent.
IFRS 10 lays out the principles for the preparation and presentation of consolidated financial statements. It establishes a single set of criteria for determining when an entity is an investment firm's subsidiary. Consolidated financial statements must be prepared in accordance with IFRS 10 for subsidiaries.The consolidation process is used to combine financial statements from multiple related companies. It is performed in order to provide a comprehensive view of the financial health of a company and its subsidiaries. The following are some of the primary benefits of consolidation: It provides investors with a clear understanding of a business's financial health, enhances comparability between different businesses, reduces the chances of manipulation, and reduces the likelihood of tax avoidance.
The International Accounting Standards Board (IASB) created International Financial Reporting Standards (IFRSs) in order to create a single set of high-quality, understandable, and enforceable global accounting standards. IFRS 10, which establishes uniform standards for the preparation and presentation of consolidated financial statements for entities that are under the control of a parent, is one of the IFRSs issued by the IASB.IFRS 10, which replaces the previous IAS 27 (Consolidated and Separate Financial Statements) and SIC-12 (Consolidation – Special Purpose Entities), specifies the accounting requirements for the preparation and presentation of consolidated financial statements in which investments in subsidiaries, joint ventures, and associates are consolidated in a parent company's financial statements. As a result, IFRS 10 is intimately linked to consolidated financial statements because it establishes the principles for their preparation and presentation.
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What is the purpose of a charitable organization?
Answers
Answer:
The purpose of a charitable organization is to promote the well-being of individuals and communities by providing services, resources, and support to those in need.
Retailing today requires ______, which means creating a seamless cross-channel buying experience that integrates in-store, online, and mobile shopping.
Answers
Retailing today requires "omnichannel integration," which means creating a seamless cross-channel buying experience that integrates in-store, online, and mobile shopping.
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Retailing is the method of selling items and services to customers through various channels such as brick-and-mortar stores, online platforms, or mobile applications. It's a dynamic and complex industry that requires careful consideration and planning to stay ahead of the curve in terms of consumer trends and technological advancements.
Omnichannel integration is a concept that has arisen in recent years, in which retailers try to provide a consistent and seamless shopping experience to customers across various channels. This entails not just selling items through various channels but also providing a consistent brand message and user experience across channels. The purpose of omnichannel integration is to improve customer experience by enabling them to shop from anywhere at any time, whether they're in the store, at home, or on the go. Customers can now browse and buy goods online, pick them up at the store, or return them to any location. Retailers who can provide a smooth and integrated experience across channels are more likely to be successful than those who cannot. Therefore, omnichannel integration is critical for retailers today.
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10. What influences consumer purchasing behaviors? (5 points)
Answers
Answer:
trends, the buyers personality, and other peoples influence
Explanation:
Human Capital - def. is the sum of the attributes, life experiences, knowledge, inventiveness, energy, and enthusiasm that a company's employees invest in their work. T/F
Answers
The statement "Human Capital - def. is the sum of the attributes, life experiences, knowledge, inventiveness, energy, and enthusiasm that a company's employees invest in their work" is TRUE.
Human capital is the aggregate sum of attributes, life experiences, knowledge, inventiveness, energy, and enthusiasm that a company's employees invest in their work in order to boost production, streamline operations, and improve customer satisfaction.Human capital, like intellectual capital, may be thought of as intangible assets that a company can acquire to further its objectives. Human capital is considered to be a long-term investment, and its importance to a company's success is widely recognized.
The primary objective of human capital is to improve work performance. However, it also entails other factors such as employee satisfaction, employee morale, and loyalty. Companies that invest in human capital can benefit from increased productivity, decreased employee turnover, and increased customer satisfaction, to mention a few benefits.
The value of human capital can be amplified by having a strong organizational culture that promotes a growth mindset, collaboration, and a feeling of belonging. In summary, Human capital is the cumulative value of the personal traits, life experiences, knowledge, inventiveness, energy, and enthusiasm that a company's employees bring to their job.
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Which of the following statements would be considered pros of globalization?
Increased competition between countries
Increased immigration of unskilled workers
Increased public funding for education and immigration of those citizens with education
Increased consumption of wide variety of goods leading to increased production
Answers
Answer:
increased consumption of wide variety of goods leading to increased production.
Explanation:
im sorry if i get it wrong
Dakota earns $8.70 an hour for 37
Per month
hour week. How much is earned per week?
Answers
Answer:
$321.90
Explanation:
This activity is important because marketing managers want to know how sensitive consumer demand is to changes in a product's price. Price elasticity of demand measures consumer demand reactivity to pricing changes and is expressed as follows: Price elasticity of demand (E) = Percentage change in quantity demanded Percentage change in price The goal of this exercise is to demonstrate your understanding of price elasticity of demand by calculating and classifying the price elasticity of demand for Apple products. Roll over each product name to reveal the price and demand data. After calculating the product's price elasticity of demand, classify it as either inelastic or elastic. 6.5 million AirPods 10 million iPhones 1.25 million MacBooks 1.6 million MacBook Air units Inelastic Demand Elastic Demand
Answers
Based on the information given, it is not possible to calculate the price elasticity of demand for Apple products. The data provided only shows the quantities sold for each product and not the changes in quantity demanded due to changes in price. In order to calculate price elasticity of demand, we would need to have data on the initial and final prices and the initial and final quantities sold for each product.
The quantities sold are not provided in the given information. The problem only provides the following information for each product:
Price of the product
Total demand for the product
Price refers to the amount of money that a consumer has to pay in order to purchase a product or service. It is one of the most important elements of the marketing mix, along with product, promotion, and place (distribution). The price of a product or service is determined by a variety of factors, including production costs, competition, target market, and consumer demand
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Which of the following real estate investments were involves purchasing real estate and charging a monthly fee for use of your space
Answers
Answer:
when you flip you buy at a low price, fix it up then sell at a higher price for profit. usually in less than 6 months.
huts sells hot dog $2/each. the variable cost is $1 and $0.35 is fixed overhead cost. a summer camp wishes to buy 100 hotdogs for $1.25/each. what is the profit for hut? a. increase by $25 b. stay the same c. decrease by $10 ( wrong ) d. decrease by $65
Answers
If huts sells hot dog $2/each. the variable cost is $1 and $0.35 is fixed overhead cost. a summer camp wishes to buy 100 hotdogs for $1.25/each. The profit for hut is: a. increase by $25 .
How to find the Incremental profit?Using this formula to find the incremental profit
Incremental profit = Incremental revenue - Incremental cost
Let plug in the formula
Incremental profit = ($1.25 x 100 unit) - ($1.00 x 100 units)
Incremental profit = $125 - $100
Incremental profit = $25
Therefore the correct option is A.
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what factors increase the depth and duration of a consumer's information search? (select all that apply) multiple select question. little past experience and knowledge
Answers
Factors increase the depth and duration of a consumer's information search are : E.Little past experience and knowledge. The other factors are as follows -
1)High perceived risk associated with the purchase decision
2)High perceived financial investment required for the purchase
3)High perceived personal relevance or importance of the purchase decision
4)Complex or unfamiliar product or service
5)Availability of a wide variety of similar products or services.
6)Difficulty in evaluating the quality or effectiveness of the products or services
7)Lack of information or uncertainty about the product or service.
Hence from all the given options
Hence option b . Little past experience and knowledge of the product. is correct.
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The question is incomplete, the complete question is:
""Which of the following factors increase the depth and duration of a consumer's information search? (Check all that apply.)
A. High risk involved with making a wrong decision
B. Little past experience and knowledge of the product
C. First-hand knowledge of the product
D. Frequent, repetitive buying habits"
on december 31, jarden company's allowance for doubtful accounts has an unadjusted credit balance of $16,000. jarden prepares a schedule of its december 31 accounts receivable by age. accounts receivable age of accounts receivable expected percent uncollectible $ 800,000 not yet due 1.35% 320,000 1 to 30 days past due 2.10 64,000 31 to 60 days past due 6.60 32,000 61 to 90 days past due 33.25 12,800 over 90 days past due 69.00
Answers
The allowance for doubtful accounts is adjusted based on the expected percentage of accounts receivable that will not be collected.
What is allowance?
An allowance is a sum of money that is given or allotted, typically on a regular basis for a particular purpose. In the case of children, parents may give their kids pocket money (British English: an allowance) for errands and other personal expenses. An allowance in the construction sector is a sum of money assigned to a particular task as part of a larger contract. Usually, the person giving the allowance tries to regulate when or how money is spent by recipient so it serves their purposes. For instance, a parent's allowance may be unconditional or linked to the accomplishment of certain grades or the completion of certain chores, with the goal of teaching the child money management.
The allowance for doubtful accounts is adjusted based on the expected percentage of accounts receivable that will not be collected. In this example, the total expected percentage of uncollectible accounts receivable is 112.30%. The allowance for doubtful accounts is adjusted to the expected amount of uncollectible accounts receivable by increasing it’s balance to $899,360 ($800,000 x 112.30%).
The journal entry to record this adjustment would be as follows:
Debit: Allowance for Doubtful Accounts: $ 883,360
Credit: Accounts Receivable: $ 883,360
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Complete Question is attached
Describe the process of myelination and how it impacts information processing in childhood.
Answers
Answer:
Myelination occurs when children develop a myelin sheath, or a sheath of fatty tissue made of glial cells, around the axon of a neuron. Information processing, or the ability to process information, speeds up as a result of this process. In other words, children are able to think more quickly, which allows them to process information in complex ways as myelination occurs.
Underground Food Store has 4,000 pounds of raw beef nearing its expiration date. Each pound has a cost of $4.50. The beef could be sold "as is" for $3.00 per pound to the dog food processing plant, or roasted and sold in the deli. The cost of roasting the beef will be $2.70 per pound, and each pound could be sold for $6.40. What should be done with the beef, and why?
Answers
Answer: The beef should be roasted.
Explanation:
Sales revenue
Sell as is: 4000 × $3 = $12000
Processed further: = 4000 × $6.40 = $25600
Increase/Decrease in income: = $13600
Purchase cost:
Sell as is: 4000 × $4.50 = $18000
Processed further: = 4000 × $4.50 = $18000
Increase/Decrease in income: = $0
Cost of roasting:
Sell as is: 0
Processed further: = 4000 × $2.70 = $10800
Increase/Decrease in income: = -$10800
Net income = $13600 - $10800 = $2800
Since there is a net income of $2800 when they beef is roasted, therefore it should be roasted.