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3 years ago

Distinguish between the benefiets of traditional banking amd the benefiets of online banking

1 answer:

6 0

Traditional banking- you can secure your deposit because you personally banked it..
while
online banking- for me you can't 100% sure your secured because you know there where so many fake agents out there but it's good benefits are you are just sitting and surfing the net and you dont won't be hustle anymore

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In 1998 Canada highest court declared

igomit [66]

Quebec could not legally secede.

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3 years ago

Assume a state has a criminal statute that punishes "every person who by himself or his employee or agent sells anything at shor

Kitty [74]

<span>Because the statute penalizes the person committing the crime as well as the employer whose employee committed the crime, Chris can be held liable, and the company that we works for (Watkins) can be held vicariously liable under the statute.</span>

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3 years ago

On January 1, 2019, Wasson Company purchased a delivery vehicle costing $40,000. The vehicle has an estimated 6-year life and a

ELEN [110]

Answer:

option (A) $29,920

Explanation:

Data provided in the question;

Purchasing cost = $40,000

Estimated life = 6 years

Salvage value = $4,000

Estimated driving life = 100,000

Vehicle driven in total till 2020 = 10,000 + 18,000 = 28,000

Now,

Using the units-of-production depreciation method

Total depreciation till 2020 = $\frac{\textup{Purchasing cost - Salvage value}}{\textup{Estimated driving life}}\times\textup{Total distance driven}$

Total depreciation till 2020 = $\frac{\textup{40,000 - 4,000}}{\textup{100,000}}\times\textup{28,000}$

Total depreciation till 2020 = $10,080

Thus,

Book value on December 31, 2020 = Purchasing cost - Depreciation

= $40,000 - $10,080

= $29,920

Hence,

The correct answer is option (A) $29,920

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2 years ago

Indicate the type of Deferred Tax account created by Unearned Revenues and Prepaid Expenses, respectively:

irina [24]

Answer:

The answer is Deferred tax asset and Deferred tax liability.

Explanation:

Unearned revenue creates deferred tax asset. In here, taxes have been paid because income has been received but have not been recognized on the income statement because according to the revenue recognition, the services for the revenue has not been rendered.

Prepaid expenses give rise to deferred tax liability. In here, taxes have been recognized on income statement but the actual tax has not been paid. Income tax expense on income statement is greater than taxes payable

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2 years ago

Morristown Industries has an issue of preferred stock outstanding that pays a $12.60 dividend every year in perpetuity. If the r

lilavasa [31]

Answer:

$80 per share.

Explanation:

Given: Dividend= $12.60

Rate of return= 15.75%

Now, finding the price per share.

Formula; Price per share= $\frac{Dividend}{Rate\ of\ return}$