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Amanda [17]
3 years ago
13

How can cybercriminals harm a person whose personal information they have stolen?

Business
1 answer:
Leokris [45]3 years ago
3 0
When a person obtains someone else's personal information, these are some thing that could potentially happen that would harm the person whose identity has been stolen: Open new lines of credit (can harm your credit and incur debt). Seek medical attention (could be harmful by getting incorrect medical information on your record, or incurring debt). Drain savings and retirement accounts Provide an alias when arrested (harmful if the cops look for you when the other person runs, or if the other person uses your information to pay bail. Get a job and file false tax returns (could be harmful when the IRS sees the records and <span>thinks that you are not paying taxes on all of your income).</span>
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You own 10,000 shares of Microsoft stock. A good way to hedge the risk involved in owning this stock would be to buy some call o
natka813 [3]

Answer: False

Explanation:

If you want to hedge the risk of owning the stock then that would mean that you want to take measures to ensure that you don't lose out if prices fall.

A call option is not the way to do this because call options are bought with the expectations that prices will go up. If you buy call options then and the prices fall, you would make a loss on both the call options and the stock that you own.

A good way to hedge this would be to take Put options on the stock. Put options help you benefit if prices fall because you would be allowed to sell at a certain price unaffected by the fall in prices.

7 0
3 years ago
A certificate of deposit that changes the rate of interest based on the prevailing market interest rate is known as a: A Market
8090 [49]

Answer:

B. Step-up/Step-down CD

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 Step-up/Step-down certificate of deposit (CD) is a type of CD that changes the rate of interest for a deposit based on the prevailing market interest rate.

4 0
3 years ago
Corbel Corporation has two divisions: Division A and Division B. Last month, the company reported a contribution margin of $46,4
diamong [38]

Answer:

$5300

Explanation:

Contribution margin for Division B = Sales * Contribution margin ratio

= $243,000 * 20%

= $46,800

Total contribution margin = Division A + Division B

= $46,400 + $46,800

= $93,200

Contribution margin $93,200

Less : Traceable fixed expenses $51,100

Less : Common fixed expenses (plug) $5300

Net operating income $33,800

5 0
4 years ago
Craigmont uses the allowance method to account for uncollectible accounts. its year-end unadjusted trial balance shows accounts
spayn [35]
<span>$104,500 * 0.04 = $4,180 - $665 = $3,515</span>
5 0
4 years ago
Randolph is a 30 percent partner in the RD Partnership. On January 1, RD distributes $15,000 cash, an investment with a fair val
FinnZ [79.3K]

Answer:

Randolph's basis in the distributed investment and land are as follows:

Investment = $10,000

Land = $23,000

Explanation:

The first step is that Randolph's basis in his RD Partnership interest of $48,000 is allocated to the distributed assets in an amount equal to the basis RD Partnership.

After this, Randolph will allocate remaining basis to assets which are not cash, hot assets and investment with unrealized appreciation.

Based on the above explanation, Randolph's basis in the distributed are as follows:

Cash = $15,000

Investment = Investment's Inside basis = $10,000

Land = Randolph's basis in his RD Partnership interest - Cash - Investment = $48,000 - $15,000 - $10,000 = $23,000

3 0
2 years ago
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