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3 years ago

1. HOW DO ETHICS AND MORALS INFLUENCE PERSONAL AND COMMUNITY VALUES?

1 answer:

6 0

1. It is said that the behavioral patterns can be changed or shaped only when we are young and the pace of change or the ability to change reduces with age. Ethics and morals are something that get transferred across generations from a very young age.

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In TJX's case, the security breach made its customers vulnerable to this.a) Loss of personal propertyb) Inaccurate personal data

ludmilkaskok [199]

Answer:

(C) Identify theft

Explanation:

The security breach means that a person has unauthorized access to the company or person data which is very important to them

In the question, it is mentioned that the security breach harms the customer, whether physical or emotional.

So, if we go to the options

1. Loss of personal property: The security breach is talk about the data, so this personal property option is incorrect.

2. Inaccurate personal data is also not considered because only relevant information should be misused.

3. Loss of access to personal data is also not a reason because we want the person who is doing this malicious thing

4. Credit card fees are irrelevant.

So, the company should identify the theft who is responsible for the security breach.

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3 years ago

The long-term liability section of Twin Digital Corporation's balance sheet as of December 31, 2020, included 12% bonds having a

frez [133]

Answer:

1. Dr Interest Expenses $2,380,000

Cr Discount on Bonds Payable $280,000

Cr Cash $2,100,000

2. Dr Bonds Payable $35,000,000

Dr Loss on redemption of Bonds $2,120,000

Cr Discount on Bonds Payable $720,000

Cr Cash $36,400,000

Explanation:

Preparation of the necessary journal entries by Twin Digital on July 1 2021

1. Dr Interest Expenses $2,380,000

[$ (35 - 1 million) x 14% x 6/12]

Cr Discount on Bonds Payable $280,000

Cr Cash $2,100,000

[$35 million x 12% x 6/12]

(Being to record Interest paid)

2. Dr Bonds Payable $35,000,000

Dr Loss on redemption of Bonds $2,120,000

Cr Discount on Bonds Payable $720,000

[1 million - $280,000]

Cr Cash $36,400,000

[35 million x 104/100]

(Being to record Bonds called at 104)

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3 years ago

A barn with an adjusted basis of $125,000 was destroyed by a tornado on March 5, 2018. On May 15, 2018, the insurance company pa

Tanya [424]

Answer:

$145,000

Explanation:

Data provided in the question:

Adjusted basis of the barn = $125,000

Amount paid by the insurance company = $150,000

Amount reinvested in another barn = $170,000

Now,

Basis of the new barn

= Adjusted Basis of old barn + Additional amount spend on new barn in excess of amount paid by insurance company

= $125,000 + [ $170,000 - $150,000 ]

= $125,000 + $20,000

= $145,000

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4 years ago

All the following statements concerning term insurance are correct EXCEPT: Group of answer choices Most policies can be renewed

Andru [333]

Answer: Most policies have a nonforfeiture benefit to refund a portion of a policy's cash value when coverage stops.

Explanation:

Term insurance is a type of life insurance policy whereby the policy owner will be given coverage for a particular time period.

It should be noted that term insurance can be renewed for additional periods without evidence of insurability and can also be converted to a permanent life insurance policy.

The option that most policies have a nonforfeiture benefit to refund a portion of a policy's cash value when coverage stops is not true.

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3 years ago

Kevin Oh is planning to sell a bond that he owns. This bond has four years to maturity and pays a coupon of 10 percent on a semi

ser-zykov [4K]

Answer:

The price of the Bond is $937.9

Explanation:

Price of bond is the present value of future cash flows, The coupon payment and the face value are discounted separately and added together to make the price of the bond. To calculate Price of the bond use following formula

Price of the Bond = C x [ ( 1 - ( 1 + r )^-n ) / r ] + [ F / ( 1 + r )^n ]

As the payments are made on semiannual basis so, all the calculation will be made accordingly

Assuming Face value of the bond is $1,000.

Coupon payment = 1000 x 10% = $100 annually = $50 semiannually

Number of periods = n = 4 years x 2 = 8 periods

Yield to maturity = 12% annually = 6% semiannually

Price of the Bond =$50 x [ ( 1 - ( 1 + 6% )^-8 ) / 6% ] + [ $1,000 / ( 1 + 6% )^8 ]

Price of the Bond = $50 x [ ( 1 - ( 1.06 )^-8 ) / 0.06 ] + [ $1,000 / ( 1.06 )^8 ]

Price of the Bond = $310.49 + $627.41

Price of the Bond = $937.9

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3 years ago