Why do you think an overdraft is cheaper than a bank loan?
Question:
Why do you think an overdraft is cheaper than a bank loan?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (QA)
It is not because the rate of interest is lower on overdrafts it isnt it is higher It is bec...View the full answer
Answered By
PALASH JHANWAR
I am a Chartered Accountant with AIR 45 in CA - IPCC. I am a Merit Holder ( B.Com ). The following is my educational details.
PLEASE ACCESS MY RESUME FROM THE FOLLOWING LINK: https://drive.google.com/file/d/1hYR1uch-ff6MRC_cDB07K6VqY9kQ3SFL/view?usp=sharing
3.80+
3+ Reviews
10+ Question Solved
Related Book For
Frank Woods Business Accounting Volume 1
ISBN: 9781292084664
13th Edition
Authors: Alan Sangster, Frank Wood
Question Posted:
Students also viewed these Business questions
-
When President Abdel Fatah al-Sissi came to power in a 2013 military coup, he promised to fix Egypts mounting economic problems. Three years later, those problems had only intensified. The country...
-
1. Describe some examples of checking and savings account transactions that result in assessment of fees or penalties. Which are the least and most avoidable? 2. You know someone who recently had $90...
-
Case Analysis Streamlining the Refinancing Process First National Bank has been swamped with refinancing requests this year. To handle the increased volume, it divided the process into five distinct...
-
For nearly 50 years, Loganville Window Treatments (LWT) of Loganville, Georgia, has made interior shutters that are sold through decorating centers. Figure 3.20 shows some of the various styles of...
-
During 2016, Commercial Inc. purchased equity securities held for trading purposes. At December 31, 2016, the securities for Commercial Inc. were as follows: The following transactions with respect...
-
1. Determine the benefit-cost ratio (defined as the ratio of discounted benefits to costs) for the proposed fairgrounds development. 2. Based on this analysis, should the redevelopment program be...
-
Christopher Boling was seriously injured in 2008 when vapors escaping from a gas can ignited. He filed a products liability claim against the manufacturer. To fund the litigation, Boling entered into...
-
Cost of Land vs. BuildingEthics Tones Company purchased a warehouse in a downtown district where land values are rapidly increasing. Gerald Carter, controller, and Wilma Ankara, financial vice...
-
Ports should also be able to adapt to global and regional political or social changes. Historically, it is apparent that unexpected sociopolitical developments have demanded ports to change their...
-
Why do you think only one account is posted to from the cash book rather than two, which is what happens with postings from the other day books (i.e. the other books of original entry)?
-
Why do you think some businesses still prefer to use cheques?
-
Name the two major components of matrix and, if applicable, subclasses of each component.
-
Suppose a 0.28 M aqueous solution of oxalic acid (HCO4) is prepared. Calculate the equilibrium molarity of CO4. You'll find information on the properties 2 of oxalic acid in the ALEKS Data resource....
-
What are the fundamentals of labor legislation? Discuss in detail.
-
Over the last five years, the price of stock A has been changing as follows. What should be the geometric return? Hint: make sure you use the return and correct number of periods in the formula. Year...
-
2. A certain polymer (Tg=10C) has a melt viscosity of 1.5x105 poises at 25C. Estimate its viscosity at 60C. (Note: You may use the universal C and C2 constants.)
-
In this problem you will solve the non-homogeneous differential equation y" +12y + 32y = sin(e) (1) Let C and C be arbitrary constants. The general solution to the related homogeneous differential...
-
In Figure P29.18, the cube is 40.0 cm on each edge. Four straight segments of wireab, bc, cd, and daform a closed loop that carries a current I = 5.00 A, in the direction shown. A uniform magnetic...
-
Using a graphing utility, graph y = cot -1 x.
-
1. Review the written standards of your agency. Are the standards monitored? How? 2. You are a case manager, and one of the patient care associates working with you spilled a basin of hot water on...
-
1 of 2 Lymphatic system and Immunity Pre-Laboratory 1. What would happen in the lymph nodes if we have the flu? 2. In a tonsillectomy, inflamed lymphoid nodules in the throat are removed. What would...
-
Locate 2 compliance program documents from comparable health care organizations Create a matrix that compares how both organizations execute the following compliance components: How internal...
Study smarter with the SolutionInn App