Answer:
An automated teller machine is an electronic machine that allows the transaction of money from one's account.
Advantages of the ATM are-
1. It provides easy access to one's account.
2. It saves time and energy.
3. It reduces the workload of the bank employees.
4. Its service is available anywhere 24/7.
Explanation:
An automated teller machine (ATM) is an electronic machine that allows an individual to complete basic transactions without the need for any bank personnel to help. This type of machine is generally used to withdraw and deposit cash from and into one's bank account.
Four advantages of an automated teller machine are-
1) It provides convenience to the customers, saving one's energy and time.
2) Its service is available 24/7.
3) It allows access to one's account anywhere.
4) It reduces the workload of the bank employees.
An Automated Teller Machine (ATM) car refers to a vehicle equipped with an ATM, typically used for mobile banking services in locations where a fixed ATM is not available or convenient.
Advantages of using an Automated Teller Machine (ATM) include:
Convenience: ATMs offer 24/7 access to banking services, allowing users to withdraw cash or perform various transactions at their convenience. With an ATM car, this convenience can be extended to different locations, such as events, rural areas, or areas with limited banking infrastructure.
Accessibility: ATMs provide accessibility to banking services for individuals who may not have access to a nearby bank branch. The mobility of an ATM car can further enhance accessibility, reaching underserved or remote areas where may be limited.
Time Savings: Using an ATM can save time compared to traditional banking methods. With an ATM car, users can access banking services without the need to travel to a physical branch, reducing time spent commuting and waiting in queues.
Privacy and Security: ATMs provide a secure and private environment for conducting financial transactions. Using an ATM car can enhance security by ensuring that the machine is monitored, maintained, and operated by authorized personnel.
This can instill confidence in users, knowing that their transactions are conducted in a controlled and secure setting.
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On August 31, Planar Corp. exchanged 100,000 shares of its $40 par value common stock for all of the net assets of Sistrock Co. The fair value of Planar's common stock on August 31 was $72 per share. Planar paid a fee of $320,000 to the consultant who arranged this acquisition. Direct costs of registering and issuing the equity securities amounted to $160,000. No goodwill or bargain purchase was involved in the acquisition. At what amount should Planar record the acquisition of Sistrock's net assets
Answer:
$7,200,000
Explanation:
Calculation to determine At what amount should Planar record the acquisition of Sistrock's net assets
Using this formula
Acquisition of Sistrock's net assets =(Shares of common stock issued ×Common stock fair value per share
Let plug in the formula
Acquisition of Sistrock's net assets=100,000*$72
Acquisition of Sistrock's net assets=$7,200,000
Therefore the amount that Planar should record the acquisition of Sistrock's net assets is $7,200,000
If the balance of the cash account is $80,800 at the end of the month, what was the cash balance at the beginning of the month
Answer:
$38,900
Explanation:
Missing word "During the month, Warwick co, received $332,800 in cash and paid out $280,900 in cash"
Particulars Amount
Cash balance at month end $80,800
Add: Cash paid out $280,900
Less: Cash received $322,800
Beginning cash balance $38,900
A negotiable CD is a: a short-term unsecured promissory note issued by a company to raise funds for a short time period. b loan to an individual or business to purchase a home, land, or other real property. c short-term fund transferred between financial institutions usually for no more than one day. d marketable bank-issued time deposit that specifies the interest rate earned and a fixed maturity date.
Answer:
d. marketable bank-issued time deposit that specifies the interest rate earned and a fixed maturity date.
Explanation:
A bank certificate of deposit (CD) can be defined as a secured form of time-bound deposit and a special low-risk savings account, wherein money (lump-sum) are left with the bank for a specific period of time in exchange for an interest rate premium.
Generally, a certificate of deposit pays a higher interest rate to its holder than the regular savings account because the banks invest the money in a business.
Additionally, the bank certificate of deposit is protected and insured by the Federal Deposit Insurance Corporation (FDIC) for up to $250,000.
A negotiable certificate of deposit (NCD) can be defined as a type of certificate of deposit (CD) that has a minimum face (par) value of $100,000 and can't be redeemed before its maturity date i.e it doesn't allow the holder to withdraw money until the pre-determined date.
This ultimately implies that, a negotiable certificate of deposit (NCD) is a marketable bank-issued time deposit that specifies the interest rate earned (interest-bearing time deposits) and a fixed maturity date.
Which will you likely have to provide on college applications?
A. Personal information
B. Career plans
C. Employment history
D. Parent's level of education
For purposes of computing the weighted average number of shares outstanding during the year, a transaction that must be treated as if it occurred at the beginning of the year is:
Answer:
The answer is option d. 367,500.
Determine the weighted-average number of shares outstanding as of December 31, 2018.
Why do companies like Abercrombie & Fitch and Zara think that opening retail outlets in Japan will help them with their future products?
Answer: opportunity
Explanation:
Saw a question like this before. Because it's a opportunity to get more customers and doing it in other countries gives you opportunity for it
Answer:
Because of opportunity
A company purchased equipment for $50,000 on January 1 of its first year. The equipment’s original estimated useful life is 8 years and its estimated salvage value is $10,000. The company uses the straight-line method of depreciation. On December 31 of its second year, before year-end adjusting entries have been recorded, the company decides to shorten the estimated useful life by 3 years giving it a total life of 5 years. The company did not change the salvage value and continues to use the straight-line method. How much depreciation expense should be recorded for the second year?
Answer:
$7000
Explanation:
The following steps would be taken to determine the answer
1. Calculate depreciation expense given the initial information
2. Determine the book value
3. calculate the depreciation expense using the new information and the book value
Straight line depreciation expense = (Cost of asset - Salvage value) / useful life
($50,000 - $10,000) / 8= $5,000
Book value = $50,000 - $5,000 = $45,000
(45,000 - 10,000) / 5 = $7000
The company should record $8,750 as the depreciation expense for the second year.
Data and Calculations:
Cost of equipment on January 1 = $50,000
Estimated useful life = 8 years
Estimated salvage value = $10,000
Depreciable amount = $40,000 ($50,000 - $10,000)
Annual depreciation expense based on Straight-line method = $5,000 ($40,000/8)
Net book value = $45,000 ($50,000 - $5,000)
Re-estimated total useful life = 5 years
Remaining useful life after the first year = 4 years (5 - 1)
Estimated salvage value = $10,000
Depreciable amount = $35,000 ($45,000 - $10,000)
Annual depreciation expense based on Straight-line method = $8,750 ($35,000/4)
Thus, the depreciation expense for the second year is $8,750.
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At the beginning of the year (January 1), Buffalo Drilling has $11,000 of common stock outstanding and retained earnings of $6,900. During the year, Buffalo reports net income of $7,200 and pays dividends of $1,900. In addition, Buffalo issues additional common stock for $6,700. Required: Prepare the statement of stockholders' equity at the end of the year (December 31)..
Answer:
Statement of stockholders' equity at the end of the year December 31
Common Stock Retained Earnings Total
At Beginning of the year :
Balances $11,000 $6,900 $17,900
During the Year :
Net Income - $7,200 $7,200
Dividend - ($1,900) ($1,900)
Issue of Common Stock $6,700 - $6,700
At End of the Year :
Balances $17,700 $12,200 $29,900
Explanation:
Stockholders' equity represents all items that are attributable to the owners of the company.
The statement of stockholders' equity at the end of the year December 31 has been prepared above according to IAS 1.
Required: Journal entry
Issued a cheque of Rs.39000 to Saurya stores in full settlement
please help me
Answer:
If a cheque was being issued to settle a account payable, the relevant entry is to debit the accounts payable account to show that the debt is being reduced. You will then credit the cash account to show that cash is being reduced as well because it was used to pay off the debt.
Date Account Title Debit Credit
XX-XX-XXXX Accounts Payable - Saurya Stores Rs. 39,000
Cash Rs. 39,000
According to the text, economists are starting to understand that ________ matter just as much as ________ to occupational success.
Answer:
personality traits; cognitive ability
Explanation:
The definition of a personality trait is a quality or an attributed that become different with respect to the character, action and the attitude.
While on the other hand, the cognitive ability means the mental capability that includes the capability for reasons, planning, problem solving
So here the personality traits are understand and also the cognitive ability for success of an organization
In an examination evaluation expert system, the _____ component of the expert system is responsible for stating why a loan applicant was approved or rejected.
Answer:
The missing phrase is Explanation Facility.
Complete Sentence:
In an examination evaluation expert system, the Explanation Facility component of the expert system is responsible for stating why a loan application was approved or rejected.
Explanation:
An expert system is a computer system program that can do the job of a human expert whose role is to give professional opinions, judgments, or advice regarding an issue. These systems are associated with Artificial Intelligence.
In other to create this kind of system (which has the capacity to solve complex problems) AI programmers use a collection of knowledge stored or codified in if-then formats or rules
In expert systems, an explanation facility is a function that allows non-artificial users to query the veracity of the system's reasoning. Usually, the system would make reference to its frame of logical construct, its rules, and or goals.
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Q. Compared with other investment asset classes, an investment in real estate is least likely to be characterized by:
Answer:
i really dont know/////////////////////////////////////////////////
Explanation:
name the industry customers for smart watches ?what do you mean / what is the meaning of industry customers?
Answer:
Industrial customer means a customer engaged primarily in manufacturing or processing which changes raw or unfinished materials into another form or creates another product.
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Demand-pull inflation occurs when
the price of goods rises suddenly and extremely fast.
consumers begin purchasing more goods.
producers need more money to make and distribute goods.
the government prints more money and pushes prices up.
Answer:
The production and transport of good and service are high and rises than the demand pull inflation occurs. It may be profitable for any business. Demand pull inflation need cost more but more than that they get profit
Which money market security is defined as short-term funds transferred between financial institutions, often for no more than one day
Answer: Federal Funds
Explanation:
The Fed requires that some financial institutions keep a certain proportion of their deposits with the Fed called a reserve requirement. Sometimes, on a daily basis, some financial institutions may not be able to meet up with this requirement whilst other exceed it.
When this happens, those with the excess can return lend those who don't have enough. This is called Federal funds and usually lasts for no more than one day.
who benefits from a loan?
A - only the person who is given the loan by a bank?
B - only the bank who gives the loan to a person
C - both the person who gets the loan and the bank that loans the money
D - no one benefits when a loan is given out
Answer:
C
Explanation:
The person gets money to spend, then over time the bank will earn that money back from the same person. So I'd say both benefit.
f a business wants to sell a product or service on the Internet for the first time, the __________ would need to understand the wide-ranging risks involved as well as the organization's security capability. A. executive committee B. operational risk committee C. compliance committee D. security committee
Answer:
b
Explanation:
The operational risk committee has the responsibility of maintaining and overseeing the operational risk of an organisation. They are to identify possible operational risks of all the activities of a company and take steps to mitigate and manage such risks
The functions of The operational risk committee includes :
Identify possible risksEvaluate the risks Develop and implement strategies needed to manage the riskEvaluate the risk and strategize implemented regularly__________ is a control mechanism in which organizations make sure that the right people do the right things at the right time.
The hierarchy of authority is a control mechanism in which organizations ensure that the right people do things at the right time.
What the organizational structure?It is the set of components that make up the organizational whole, making its structure and systems aligned with its central objective. The structure is composed of three factors:
ComplexityFormalizationCentralizationTherefore, the hierarchy of authority is a part of the centralized organizational structure that will ensure that processes run correctly.
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4. Does inflation cause a change in demand? Explain the role of inflation in determining demand.
Answer:
Inflation is an increase in the general price level in an economy. It is probably caused by the relative increase in the amount of money in relation to the available economic production. If the social money supply increases and the country's production is not matched, the average price level will rise due to the increased demand for goods. Due to the price increases, the value of money, the purchasing power of money, decreases. You can buy less for the same amount, thus lowering demand.
On June 30, 2014, Apricot Co. paid $5,000 cash for management services to be performed over a two-year period. Apricot follows a policy of recording all prepaid expenses to asset accounts at the time of cash payment. The adjusting entry on December 31, 2014,for Apricot would include:
Answer:
A debit to Management Services Expense for $1,250
Explanation:
The adjusting entry should be
Management Services Expense Dr ($5,000 ÷ 2 × 6 ÷12) $1,250
To Cash $1,250
(being cash paid is recorded)
Here cash is debited as it increased the expense and cash is credited as it decreased the assets
Hence, the same should be considered
To avoid financial worry, keep the cost of housing (including mortgage, interest, insurance, and property taxes ) below_______of pre tax income.
A. 05%
B. 28%
C. 50%
D. 15%
All the housing costs which include (mortgage, interest, insurance, and property taxes) should be below 28 percent of pre-tax income to avoid financial stress.
What is the 28% rule?
The 28 percent rule states that your house payment, including property taxes and insurance, should not exceed that percentage of your monthly gross income.
This is also known as a decent general guideline for mortgage payments or a safe mortgage-to-income ratio.
Therefore, Option B. 28% is the correct answer.
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For a closed economy, GDP is $18 trillion, consumption is $13 trillion, taxes are $2 trillion and the government runs a deficit of $1 trillion. What are private saving and national saving
Answer:
Private saving = $3 trillion
National Saving = $2 trillion
Explanation:
Private saving = GDP - Taxes - Consumption + Transfer payments
Private saving = $18 trillion - $2 trillion - $13 trillion + 0
Private saving = $3 trillion
Government runs a deficit of $1 trillion means its spending is $1 trillion more than the tax revenue.
So, National Saving = Private saving + Public saving
National Saving = $3 trillion + ($2 trillion - $3 trillion)
National Saving = $3 trillion + (-$1 trillion)
National Saving = $2 trillion
The combination of factors particular to a time and place that do not follow from a knowledge of the stable attributes of a consumer and a stimulus and that have an effect on current consumer behavior is known as
Answer:
situational influence
Explanation:
Situational influences can be regarded as temporary conditions which has an
effect on the behavior of the buyers towards your products. These holds in case whereby the buyer actually purchase the product, do not buy the product or even purchase additional products. These conditions are influenced by factors like time factors,
factors as well as social factors and
reason why the buyer make purchase and his/her mood.
It should be noted that situational influence is the combination of factors particular to a time and place that do not follow from a knowledge of the stable attributes of a consumer and a stimulus and that have an effect on current consumer behavior.
Tenant Tomas and landlord Landis enter into a contract for Tomas to rent Landis's home for two years. Halfway through the lease, Tomas decides to install smart lights and a security system that requires intensive modifications to the wiring and electrical system. May Tomas make such improvements?
Answer:
Yes, with Landis' permission
Explanation:
Yes, with Landis' permission.
Any major modifications to a property leased must be done with the knowledge and permission of the landlord. In the case of Thomas(Tenant), the permission of Landis (Landlord) must be sought before Thomas can install the smart light and security system on the property.
if there was a shirt that looks identical but came out in two different seasons how do you explain the price difference to the customer even though they look the same but from two different seasons?
A(n) __________ opening involves actually providing a demonstration of a good or service as soon as a salesperson meets the prospect.
Answer:
Product
Explanation:
Four A's of Selling Process
1. Acknowledge
2. Acquire
3. Advise and
4. Assure
The vital elements of the sales entails
making a good impression, identifying or reiterating needs, offering the solution to the buyer's needs, and lastly credibility and trust.
Opening
This is simply done in order to get the attention and interest of potential customers quickly and thereby making a smooth transition into the next phase.
Types of Openings: They includes;
Complimentary, Referral Approach, Premium Approach, Product Approach, Showmanship Approach, Benefit Approach, Question/Opinion Approach, Shock Approach and Probe (SPIN) Approach.
A company had $43 missing from petty cash that was not accounted for by petty cash receipts. The correct procedure is to:
During 2013, Arb Company incurred the following direct labor costs: January $20,000 and February $30,000. Arb uses a predetermined overhead rate of 120% of direct labor cost. Estimated overhead for the 2 months, respectively, totaled $19,500 and $35,700. Actual overhead for the 2 months, respectively, totaled $24,500 and $32,500.
Determine if overhead is over- or underapplied for each of the two months and the respective amounts.
Answer:
Results are below.
Explanation:
Giving the following information:
Predetermined overhead rate= 120% of direct labor cost
First, we need to allocate overhead for the 2 months:
Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base
Month 1:
Allocated MOH= 20,000*1.2= $24,000
Month 2:
Allocated MOH= 30,000*1.2= $36,000
Now, the over/under allocation:
Under/over applied overhead= real overhead - allocated overhead
Month 1:
Under/over applied overhead= 24,500 - 24,000
Underapplied overhead= $500
Month 2:
Under/over applied overhead= 32,500 - 36,000
Overapplied overhead= $3,500
an artist brought a breach of contract claim against a museum...what effects will the dismissal order have
Answer:
The artist will not be able to refile or restart the same claim again.
Explanation:
The breach in a contract means when one of the party who have entered into an agreement fails to perform or deliver according to the contract terms made in the agreement.
In the context, the dismissal is be able to operate as the adjudication on its merits which [tex]\text{precludes the artist from re-asserting the same claim}[/tex] in some newly filed action. This involuntary dismissal are also prejudice, so that artist will not be able to re-start the same claim in a newly filed action.
Select the correct answer.
Shazia writes a novel about the lives of nomads who lived in the 1800s. She later finds out that a big production house has launched a movie based on a theme that Shazias’ book covers, including a few exact details. The production house didn’t check with Shazia for her consent. Which IPR right has the production house violated?
A.
trademark
B.
copyright
C.
patent
D.
trade secret
E.
goodwill
