Which describes the purpose of non-sufficient funds fees? penalize customers for writing checks for money they don't have make sure customers keep sufficient funds in their account pay for the costs of having bank employees collect funds for withdrawals from a competitor’s machine

Answers

Answer 1

Answer:

A: penalize customers for writing checks for money they do not have

Explanation:

A bank reconciliation mainly computed by an accountant, gives the difference between the balance in relation to the bank statement and the cash balance with respect to the accounting records of the depositor in a particular financial institution.

In Financial accounting, a bank statement can be defined as an official summary or list of financial transactions, which typically comprises of the amount of money that has been paid into or withdrawn from an account by an individual or business entity over a specific period of time.

Generally, a bank statement usually has the following information charges, deposits, withdrawals, including the opening and closing balance for each account held at a given the period. Thus, bank customers are advised to frequently reconcile their records with bank statements in order to prevent non-sufficient funds (NSF) checks.

A non-sufficient funds (NSF) checks refers to a check that is not honored by the bank of the issuer due to the fact that the individual or business entity has an insufficient fund. It is also known as a bounced or bad check.

Hence, the purpose of non-sufficient funds fees is to  customers for writing checks for money they do not have. In the United States of America, the fee charged for non-sufficient funds (NSF) checks is between $27 to $35.

Answer 2

The purpose of non-sufficient funds fees is to penalize customers for writing checks for money they don't have.

Charges, deposits, withdrawals, as well as the starting and closing balances for each account maintained at a certain time period, are often included on a bank statement.

In order to avoid non-sufficient funds (NSF) checks, bank customers are encouraged to routinely reconcile their records with bank statements.

When a bank account does not have sufficient funds to support a payment, an NSF fee, also known as a non-sufficient funds fee, is charged.

A cheque that cannot be processed because the writer does not have enough money is referred to as a "bounced cheque."

Therefore, the correct option is "penalize customers for writing checks for money they don't have".

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Related Questions

Creating a Customer-Centered Culture test

Quit

Page 2 of 10

Please read and answer each question carefully,

urse

2. For a company to develop an effective customer-centric culture, there is always room for:

A) O Improvement

B) O More customers

c) O Larger product research and development investment

D) More accurate market research

or organiza

hey must d

hiringur

Answers

Answer:

it is 4

Explanation:

4

Answer:

the answer is A have a good day

Type the correct answer in the box. Spell all words correctly.

What is the term for the account balances of commercial banks held by the central bank?
The account balances of commercial banks held by the central bank are termed ________

Answers

Answer:

The account balances of commercial banks held by the central bank are termed as Bank reserves or Reserves

Explanation:

One function of the central bank is to be a bank to the commercial banks. Each licensed bank is required to open and operate an account with the central bank. The deposits that commercial banks hold at the central bank as known as bank reserves or reserves.

The central bank offers banking services to commercial banks, just as commercial banks serve their customers. The central bank accepts deposits, process checks, and issues loans to commercial banks

identify two methods by which data maybe collected from supplier, customer, government​

Answers

Answer:

Questionnaires :  Interviews

Explanation:

There are several methods of collecting data from suppliers, customers, or the government. Two of them are

1. Questionnaires

Questionnaires are documents that contain questions related to the subject of inquiry. The researchers formulate questions that, when answered with provide information that they are seeking. Questionnaires can be administered to the suppliers or customers by email,  online or hard copies. They are among the most popular and oldest data collection techniques.

2. Interviews

In this method, a researcher engages a selected respondent on one-one conservation. They discuss the subject matter in detail.  Interviews provide instant feedback and offer the interviewer a deeper understanding of the respondents' thought processes.  

Given the information below, calculate net income in the current period. Accounts Receivable$14,700 Rent Expense 7,500 Insurance Expense 2,100 Common Stock 24,000 Service Revenue 28,300 Supplies 4,300 Equipment 21,600 Income Tax Expense 4,200 Multiple Choice $27,300. $29,200. $14,500. $10,200.

Answers

Answer :

Net income = $14,500

Explanation :

Net income = Revenue from service - Income tax - Rent - Insurance  

Net income = $28,300 - $4,200 - $7,500 - $2,100

Net income = $14,500

What are three things I can do now to start building my work experience?

Answers

Maybe do internships.

How can you use wire on a deserted island?

Answers

Answer:YES but what do you mean by wire?

Explanation:

Nathan has created a chart depicting changes in the eating habits of various members of an average American family. Based on this chart, he has created a report forecasting a change in demand for fast-food products. He has also made suggestions regarding the ideal prices at which customers are likely to buy the most food products. What role is Nathan performing at his company?

Nathan is the ______ analyst at his company.

Answers

Market research analyst.

Nathan is the market research analyst at his company.

What is a market research analyst?

Market research analysts gather and analyze data on consumers and competitors. Market research analysts study market conditions to examine potential sales of a product or service. They help companies understand what products people want, who will buy them, and at what price.

Skills needed to be a Market ResearcherAn analytical mind.Strong knowledge of statistics and computers.An ability to handle data to work in quantitative research.An interest in psychology and behavioral science for qualitative research.Specific scientific or technical knowledge to work as an industrial researcher.

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Which is not a task of the bankruptcy trustee?
ensures that the debtor begins repayment
gathers the debtor's funds in excess of exemptions
monitors the progress of a bankruptcy case
represents the debtor when meeting with the creditors

Answers

Answer:

The option which is not a task of the bankruptcy trustee is;

Represent the debtor when meeting with creditors

Explanation:

In a case of bankruptcy a bankruptcy trustee is assigned by the court and to whom the case information is handed to perform the following tasks

1) Converts the collected company assets to money

2) Assess the creditors (owed by the debtor) proof of claims

3) Allocate monetary refunds to the creditors

4)  Upholds or refuse claimants to specific debts

5) Completes tax and other financial reports that are submitted to government agencies

Answer:

Which is not a task of the bankruptcy trustee? That would be: Represents the debtor when meeting with the creditors.

Explanation:

Why? Because he is not a lawyer. He wouldn't really be able to do much in court.

Imagine you’re working on an important project at work. You’re writing some content about space exploration for your client. Your client has promised to send you a list of approved encyclopedias or reference books that you can use for your article. However, you haven’t received it yet. Write an email asking the client to provide you with the list. Remember to follow the email etiquette you learned in this lesson: Address your recipient by name. Mention the subject of the mail in the subject line. Clearly state the purpose of your email in the first sentence. End with an appropriate complimentary close. Make sure that your language is formal and professional.

Answers

Answer:

Subject: Request List: Approved Reference Books for Space Exploration Article

Dear Mr. Jackson,

I am writing to request you to email me the list of approved reference books for the space exploration article. We had discussed some tentative suggestions in our previous meeting. We are a bit behind schedule with writing the article. The reference book list will be a great help to us. Thank you for your time in considering this request.

Sincerely Yours,

Janice Collins

Head Writer

Star Communications

2563 Maple Road

Sunny City, CA 4523

Tel: (123) 456-7890

THIS IS THE EXAMPLE ANSWER!

This shop is a sole trader and needs to obtain finance in order for the business to continue trading. Explain
two sources of finance that could help this business further expand​

Answers

Answer:

see below

Explanation:

1. Personal Savings

The sole trader can invest his savings into his business for expansion. A sole trader who is confident about his business's prospects will be prepared to invest additional savings into the business for growth. The use of savings relieves them from the strain of interest payments and enables them to retain full control over the business.

2. Sale of Assets

Should a sole trader require funds to expand their business, they opt to dispose of some of their assets.  If the trader does not have savings or retained earnings and have a property registered in their name, they may decide to sell it to raise capital.

In this market research step, the data are compiled, studied, and interpreted:

Answers

Answer:

Data Preparation/Assembling Analysis

Explanation:

In the data analysis step of Market Research, the data collected in the research are put together, arranged in an organized form, put through detailed review, properly verified by an valid process, interpreted and expounded

In the preparation and analysis step, the data is formatted by editing, coding, transcription and verification to enable accurate analysis of the collected information. Data validation process is put in place to ensure that the proper data that quantifies the desired metrics are obtained.

The process of data preparation and analysis enables the decision making process by promoting the process of suggesting conclusions, whereby useful information is highlighted by the modelling, transformation, cleaning, and inspection data analysis processes

Harry is one of the top managers in RPLD Corporation. He, along with seven other members, takes the major decisions of the company and oversees its operation. Although Harry is not the owner of the corporation, he holds stocks in the company and has the power to appoint a chief executive officer (CEO) for the company. In this scenario, Harry is part of the _____ of RPLD Corporation.

Answers

Harry is part of the *board of directors* of RPLD corporation.

why killed 2 pac and how old was he he when he died​

Answers

Answer:

Explanation:

2pac was 25 years when he died i think it was suge knight

plz marke me as brainlist


If the monthly labor cost for ushers is $22,000 and they work an average of 50 hours per month and are paid $11 per hour, how many ushers are
working for the stadium?
PLZ HURRY

Answers

Answer:

40 workers

Explanation:

The total labor costs were $22,000

The cost per usher is $11 per hour.

The average working hours per month is 50.

The average cost per usher per month

=$11 x 50

=$550

If the total cost was $22,000, the total number of ushers

=$22,000/$550

=40 ushers

Answer:

40

Explanation:

Customer service does not impact customer experience.

O True

O False

Answers

Answer:

true

Explanation:

Choose the four diversity in the workplace issues from the list below. Remember to choose four!


Ethnic groups


Role of women


Older workers


Physically challenged


Increase advertising


Raise the profit margin

Answers

Answer:

Ethnic groups

Physically challenged

Role of women

Older workers

Explanation:

Diversity in the workplace refers to the employers' deliberate efforts to employ individuals with varying traits.  A workplace that embraces diversity will have employees of different religions, races, gender, sexual orientations, educational backgrounds, and other attributes.

Employees with different backgrounds bring on-board different experiences and perspectives, which enhance the quality of decisions. Having a variety of views and opinions results in higher creativity.

Which of the following is NOT an example of using the right
words?

O Choose words the average person will understand.

O Use lots of technical terms.

O Avoid slang

O Stay away from jargon.

Answers

Answer:

i feel like the last one

Explanation:

it seems the best one to pick

Use lots of technical terms is not an example of using the right words.

What is technical?

A meaning of technical is in technical communication describing or explaining technical terminology. Technical definitions are used to introduce the vocabulary which makes communication in a particular field succinct and unambiguous. Technical skills are the abilities and knowledge needed to perform specific tasks. They are practical, and often relate to mechanical, information technology, mathematical, or scientific tasks. Some examples include knowledge of programming languages, design programs, mechanical equipment, or tools.

What are types of technical analysis?

Big Data Analysis- Now every industry today relies on data, whether it is data about their clients or the success of their product. While it is easy for companies to get data, they need employees who can collect, organize, and then interpret that data or technical data.

Project Management- This might seem to be more of a soft skill than a hard skill, but project management is critical for all technical projects. And, it often requires using complex programs and systems, which aren't always easily mastered.

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If you know a brand so well that you use its trademark name to describe all similar products, you are
exhibiting...
A. Brand Awareness
B. Brand Loyalty
C. Promotion Awareness
D. Promotion Susceptibility

Answers

Answer:

I think It's A. and C. or D. but I really think it's D. actually .

ILL GIvE BRIANLEST PLZZZ HELP

Flowcharting clarifies what will happen in a process or

a. What needs to happen

c. What is predicted to happen at a future date

b. What is estimated to happen

d. None of these Please select the best answer from the choices provided A B C D

Answers

Answer:

What is estimated to happen

Explanation:

Flowcharts are created to gather information to determine what will or what could happen.

Answer:

D

Explanation:

Law governing relations among governments and international organizations is referred to as _______,while law that applies to private parties in international commercial and legal transactions is referred to as _______.

A) private international law; public international law

B) public international law; private international law

C) sovereign international law; statutory international law

D) statutory international law; sovereign international law

Answers

Answer:

answer is number that the number c

Sovereign legal theories reinterpret the Constitution of the United States through selective reading of law dictionaries, state court opinions, or specific capitalization, and incorporate other details from a variety of sources including the Uniform Commercial Code, the Articles of Confederation, the magna carta, etc.

c.

Cover pages should include
a. The name of your class
b. The date you turn in the paper
c. Your teacher's name
d. All of these
Please select the best answer from the choices provided
O A
B
Ос

Answers

The answer it’s letter D

Answer:

the answer is D

Explanation:

help asap plzzzzzzzzzzzzzzzzzzzzzz
When living off campus, you should consider that you will have to pay for all of the following except _____.

A. transportation

B. utilities

C. federal taxes

D. furnishings

Answers

Answer:

C. federal taxes

Explanation:

Off-campus living refers to a situation where a college student opts for alternative accommodation outside the university. The student may get an apartment near the college or live in a private hostel.

When considering off-campus living, it is important to consider transport costs as one will have to commute regularly to the college. They will incur expenses utilities such as power and water bills. They may also need their furniture.

Students are not expected to pay taxes. Federal taxes are imposed on workers, not full-time students.

Answer:

federal taxes

Explanation:

What type of relationship do a lawyer and a client have?
A.
A labor relationship
B.
A tort relationship
C.
An administrative relationship
D.
An agency relationship

Answers

The answer: an agency relationship
An agency relationship

To locate the explanation of the colors on a map, you should look for a a. Compass c. Key b. Scale d. Chart Please select the best answer from the choices provided A B C D

Answers

Answer:

C. Key

Explanation:

Answer:

key

Explanation:

. What type of company would you like to create? Why would you like to create this type of company?


It's actually economics. Please help.​

Answers

i would say a type of company that helps people with everyday needs.

Jared helps people plan for retirement, so they have enough to live on when they're old. He is:
ОА. .
A bank teller
OB.
A bank manager
OC.
A financial planner
OD. A business analyst

Answers

Answer:

A financial planner

Explanation:

A financial planner is an expert in budgeting and money management matters. They help individuals and companies plan and achieve long term financial objectives. A financial planner assesses the client's financial aspects such as income, investment, savings, and expenditure and advice them accordingly.

Jared must be a financial planner. His responsibilities revolve around assisting people in making long-term financial plans.

Answer:

A fincaall

Explanation:

Below are eight descriptions of firms operating under various market conditions. For each item, determine whether the market is a monopoly or a market with perfect competition. Items (8 items) (Drag and drop into the appropriate area below) A firm in this market produces where P > MCA firm in this market may earn long-run economic profitsA firm in this market has no market powerA firm in this market has no competitorsA firm in this market cannot earn long-run economic profitsA firm in this market has significant market powerA firm in this market is one of many small competitorsA firm in this market produces where P = MC Categories Monopoly Drag and drop here Perfect Competition Drag and drop here.

Answers

Answer:

A firm in this market produces where P > MC ⇒ MONOPOLY, in perfect competition markets, firms produce where P = MC

A firm in this market may earn long-run economic profits ⇒ MONOPOLY, on perfect competition markets firms cannot earn economic profit in the long run

A firm in this market has no market power ⇒ PERFECT COMPETITION

A firm in this market has no competitors ⇒ MONOPOLY (this is the definition of a monopoly)

A firm in this market cannot earn long-run economic profits ⇒ PERFECT COMPETITION

A firm in this market has significant market power ⇒ MONOPOLY, since the firm is the only supplier, it has a lot of bargaining power

A firm in this market is one of many small competitors ⇒ PERFECT COMPETITION

A firm in this market produces where P = MC ⇒ PERFECT COMPETITION

Doyle Company issued $500,000 of 10-year, 7 percent bonds on January 1, 2018. The bonds were issued at face value. Interest is payable in cash on December 31 of each year. Doyle immediately invested the proceeds from the bond issue in land. The land was leased for an annual $125,000 of cash revenue, which was collected on December 31 of each year, beginning December 31, 2018. Required Organize the transaction data in accounts under the accounting equation for 2018 and 2019

Answers

Answer:

         Assets                           =              Liabilities       +             Equity

         cash                  land             bonds payable               retained earnings

2018  500,000                                 500,000

2018  -500,000          500,000

2018  125,000                                                                         125,000

2018  -70,000                                                                         -70,000    

          55,000             500,000      500,000                        55,000

2019  125,000                                                                         125,000

2019  -70,000                                                                         -70,000    

          110,000             500,000      500,000                        110,000

         Revenue             -            Expenses       =           Net income

2018  0                                       0                                  0

2018  0                                       0                                  0

2018  125,000                            0                                 125,000

2018  0                                       70,000                       -70,000    

         125,000                            70,000                       55,000

2019  125,000                            0                                 125,000

2019  0                                       70,000                       -70,000    

         125,000                            70,000                       55,000

give me an example of something you learned from a specific class and described how it will help you be successful in the future?​

Answers

Answer:

I learned how to do basic math and now I can do algebra

Explanation:

describe a real or made up example of a contract that includes consideration

Answers

Answer:

It is important that all contracts include consideration  in order for any agreement to be legally binding.

The example of a contract of this type is:

Renting a place to use for your sales business. You rent the place for a certain period of time (Let's say one year) and for a settled amount of money. In form of a lease, is stated and stipulated what that amount of money includes (let's say just the place) and what it doesn't include (energy and water bill) as well as the rules for using and living in the place.

This contract applies for both parts once consideration is provided by accepting the terms of conditions and the value agreed.

Explanation:

But this is not my answer I have to give credit to Brainly user  keylacordoba.

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Accounting profit is different than economic profit because economic profit is only important to economists and does not apply to the actual decision to launch a new business. accounting profit ignores the opportunity cost of launching a new business. economic profit is what is reported on your tax return. accounting profit includes all financial and opportunity costs of starting a business. What activity would one most likely do en t?a. coudreb. dessinerc. bronzerd. cuisiner Expand pls help me 4ab(3a+b+5c) NNNNNNNNEED HELP!!!!! Equation- a(10x+6)=b+40x. What is the value of A and B Determine the intercepts of the line. What was the name of the WWI German plan for the invasion of France? PLEASE HELP! Lee la descripcin y escoge el mandato apropiado. Read the paragraph and choose the correct command.Mi hermana me pregunta que necesita llevar para ir a la playa. Ella quiere llevar demasiada ropa. Yo le digo: ________ ropa ligera y un traje de bao modesto! llevas lleva lleve lleves The average distance from the sun to the planet venus is about 1.08943 x 108 km. The radius of a human hair is about 0.00125 cm. A) what is the distance from the sun to venus written in standard form? B) what is the radius of a human hair written in scientific notation?C) In comparing the measurements in parts a and b what must be done before a comparison is made? what line is parallel to y=3x-6 and passes through the point 2,-4 How many G3P would be produced if there are 36 Carbon Dioxide that enters the Calvin Cycle?a. 8b. 10c. 12d. 14 given the area of a rectangle is 208 square inches, and given the length is 26 inches, find the width Type the correct answer in the box. Spell the word correctly. Read the sentence and type the correct answer in the box. The Lambda-CDM model contains a cosmological constant, denoted by a lambda () which is associated with dark energy and ___________. Select all equations that have the solution x = 7.a. 2(x + 7) = 28b. 6(2x - 1) - 12 = -2(x + 10)c. 60 = 4(x + 8)d. 3(x - 5) = 1 + 5(x - 6) Find the distance between the points given.(0, -6) and (9,6)915square root of 26 Mrs. Culland is finding the center of a circle whose equation is x2 + y2 + 6x - 4y 3 = 0 by completing the square. Her work is shown. x2 + y2 + 6x + 4y - 3 = 0 x2 + 6x + y2 + 4y - 3 = 0 (x2 + 6x) + (12 + 4y) = 3 (x2 + 6x + 9) + (y2 + 4y + 4) = 3 + 9 + 4 Which completes the work correctly? (x - 3)2 + ( - 2)= 42, so the center is (3,2). (x + 3)2 + (y + 2)2 = 42, so the center is (3, 2). (x - 3)2 + (x - 2)2 = 42, so the center is (-3,-2). (x + 3)2 + (y + 2)2 = 42, so the center is (-3, -2). whats the answer 1 2 3 A square has a side length of x + 3. A regular octagon has a side length of 3x. If the polygons have the same perimeter, determine the value of x. how do ions impact your life The revolutionaries disliked the Church for many reasons. Which statement is not one of those reasons? Church leaders were too powerful. Religion ran contrary to reason. Many priests were as poor as their parishioners. The Church was too wealthy.