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antoniya [11.8K]
3 years ago
13

Bank of America customers select their own three- digit personal identification number (PIN) for use at ATMs.

Business
1 answer:
Marianna [84]3 years ago
6 0
<span>#1) Think of this as an experiment and list four possible outcomes.

Answer: There are 3 possible outcomes. The first one is for the condition that the first digit cannot be zero and the digits can be repeated: 9*10*10 = 900. The second outcome is if the digits cannot be repeated: 9*9*8 = 648. The last possible outcome is if zero can be the first digit an the numbers can be repeated: 10*10*10 = 1000. Also the probability of Mr. Jones and Mrs. Smith of selecting the same PIN is 1/900.

I hope it helps, Regards.<span>
</span></span>
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Which statement best describes a pure market economy ?
grandymaker [24]

A pure market economy in a theoretical concept in that it has never really existed. In a pure market economy producers create what they want at a price consumers will pay. Consumers pay what they want. The key is no regulation.

8 0
2 years ago
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insider trading laws prevent employees from buying or selling the securities of their employers. true or false
Pani-rosa [81]

Answer:

The statement is: False.

Explanation:

While often associated with illegal activity, insider trading encompasses both illegal and legal trading of securities and is monitored by the <em>Securities and Exchange Commission </em>(SEC). Illegal insider trading occurs when a person uses material, non-public information to decide between buying or selling a security.  

Legal insider trading takes place when corporate insiders, officers, directors, and employees trade securities issued by their own company. When a corporate insider buys or sells his company's securities, this trading activity must be reported to the SEC, which then discloses this information to the public.

4 0
2 years ago
Selling the bonds at a premium has the effect of a. raising the effective interest rate above the stated interest rate b. causin
Andreyy89

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B. causing the interest expense to be lower than the bond interest paid

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3 0
2 years ago
Net credit sales for the year are $750,000. The end of year accounts receivable balance is $160,000. The allowance for doubtful
alexandr402 [8]

Answer: $3000

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The allowance for doubtful accounts for that year is calculated as 5% of the accounts receivable balance. This amounts to $8000 (160000 x 5%) before bad debts have been accounted for. Allowance for doubtful accounts moves in the opposite direction as accounts receivable because it is a contra account to this line item. At the end of the year before year end closing entries are done, and after the bad debts have been accounted for, the balance on the allowance for doubtful accounts is $5000.

This means that bad debts for that year is:

8000 (balance before bad debts have been accounted for)

- 5000 (balance after bad debts have been accounted for)

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3 years ago
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Answer and Explanation:

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2 years ago
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