Over spring break, you go to Florida and accidentally spend too much on your checking account's debit card. When you get back to school, you are shocked to see you owe your bank $220, which you pay back immediately. However, you have not even had time to recover from your sunburn before the bank informs you that, pursuant to the liquidated damages clause in the contract you signed when you opened the account, you are being charged a $55 "overdraft fee" for every transaction you made on your debit card after your balance was $0. Unfortunately, you made nine such transactions, which means you owe the bank an additional $495 in fees (9 x $55 = $495). What is your best argument against the overdraft fees?
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Over spring break, you go to Florida and accidentally spend too much on your checking account's debit card. When you get back to school, ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
On June 1, Parson Assoc. sold equipment to Arleo and agreed to accept a 3-month, $68,000, 10% interest-bearing note in payment at a time when the prevailing rate of interest for similar transactions was 10%.
Answers (1)
Consider the u. s. market for ice skatesice skates. supposesuppose ice skating becomesice skating becomes lessless popularpopular.
Answers (1)
On January 1, 2018, Dean Corporation signed a ten-year noncancelable lease for certain machinery. The terms of the lease called for Dean to make annual payments of $220,000 at the end of each year for ten years with the title passing to Dean at the
Answers (1)
You notice that Coca-Cola has a stock price of $ 40.68 and EPS of $ 2.04. Its competitor PepsiCo has EPS of $ 3.43. But, Jones Soda, a small batch Seattle-based soda producer has a P/E ratio of 35.2.
Answers (1)
Write a c+ + program to output the payment schedule for amount owed when each month nothing more is charged to the account but only the minimum payment is paid. the output stops when the balance is fully paid (i. e. no longer > 0).
Answers (1)
New Questions in Business
Explain briefly why professional certification and membership in professional organizations are important.
Answers (1)
Morgan company issues 9%, 20-year bonds with a par value of $750,000 that pay interest semi-annually. the current market rate is 8%. the amount of interest owed to the bondholders for each semiannual interest payment is:
Answers (1)
Mr. Jones is a single person who makes $45,000 in 2019. This year she paid $2,000 in student loan interest and $3,600 to her 401 (k) plan at work. Calculate the following a. Adjusted Gross Income. b.
Answers (1)
Middleton Corporation uses the normal costing system to determine the amount of overhead to be applied to production. The predetermined overhead rate for 2018 was $32.40 per DLH. Middleton estimated the annual activity level to be 7,500 DLHs.
Answers (1)
A student organization has been given permission to operate a pizza stand during the upcoming homecoming weekend. the stand will be located just outside the football stadium, making it accessible during the game.
Answers (1)