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3 years ago

Name 5 banking task that can be done online

2 answers:

8 0

- Check Account Balances
-View all of your bank accounts IRA's and securities
- Send Money
-Receive Money
- Add a new card to your account

I am Lyosha [343]3 years ago

6 0

Answer:

1. Online payment of bills

2. Checking account balance

3. Stop payment request

4. Fund transfer service

5.Viewing account statement or printing bank statement

Explanation:

Online banking is also called internet banking or web banking, means conducting banking services via the internet.

1. Online payment of bills - Settlement of bills can be done online without the need to involve payment of cash, it may be telephone bills, electricity or gas bill e.t.c.

2. Checking account balance - A bank customer can check his account online to know the balance in his bank account.

3. Stop payment request - The countermand of a check can be done online, countermand means reversing an earlier mandate given to a bank, that is stopping the payment of a check.

4. Fund transfer service - Transfer of fund either between one account and the other or between a customer in one bank and a customer in another bank can be done via online banking.

5. Viewing account statement or printing bank statement - Instead of waiting for bank statement to be sent by the bank at the end of a period, through online banking, a customer can view the debit and credit in his account or even print the statement directly.

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According to the basic double entry principle of accounting, we

Vlad1618 [11]

Answer:

D. Any of the above, depending on the transactions

Explanation:

The double entry principle simply means that any accounting transaction has two records: one credit, and one debit, and it depends on the nature of the transaction, and of the accounts involved which specific value is credited and which one is debited.

For example, if a firm purchases 100$ of office supplies with cash, the credited account is cash, because cash is reduced by $100, while the office supplies account is debited by the same value.

If a firm sells 100$ of office supplies instead, the office supplies inventory is credited for this value, while the same amount of cash is debited for this same amount.

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3 years ago

An increase in input costs in the production of electric automobiles caused the price of electric automobiles to rise. Holding e

Tanzania [10]

Answer:

4. The demand for gasoline-powered automobiles would increase and the equilibrium price of gasoline-powered automobiles would increase.

Explanation:

Substitute goods are goods that can be used in place of each other.

If the price of electric automobiles rises, the automobile becomes more expensive for consumers. Consumers would reduce the quantity demanded of the electric automobile and shift its demand to gas powered automobiles.

As a result, the demand for gas automobiles increases and the equilibrium price would increase too.

I hope my answer helps you

8 0

3 years ago

Pierce Corporation exchanged old equipment for new equipment. The original cost of the old equipment was $120,000, and its accum

ololo11 [35]

Answer:

new equipment 50,000 debit

accumulated depreciation 40,000 debit

loss at disposal: 30,000 debit

old equipment 120,000 credit

--to record trade of equipment--

Explanation:

Let's break the transactions into small parts:

We need to remove the old equipment from accounting along with their accumulated depreciation so:

accumulated depreciation 40,000 debit

old equipment 120,000 credit

Then, we debit the new equipment at fair value:

new equipment 50,000 debit

Last, assuming the trade has commercial substance: we recognize the gain or loss on sale:

book value of traded equipment: 80,000

fair value of new equipment: 50,000

loss at disposal: 30,000

Thus, the journal entry will be as follows:

new equipment 50,000 debit

accumulated depreciation 40,000 debit

loss at disposal: 30,000 debit

old equipment 120,000 credit

4 0

3 years ago

You are the newly appointed sales manager of the Rock Record Company and have been charged with the task of increasing revenues.

mote1985 [20]

Answer:

Increase price.

Explanation:

Price elasticity is the degree of responsiveness of quantity demanded to changes in price. Ideally as price increases quantity demanded reduces. When prices reduce quantity demanded increases.

As a new manager of Rock Record company, if the economics consultants inform you the price elasticity is less than one it means quantity does not change with increase in price.

So price can be increased without a corresponding decrease in price. The goal of higher revenue can be achieved by increasing the product price.

6 0

3 years ago

Read 2 more answers

Bass Boss Manufacturing Company manufactures two types of bass boats. Bass Boss provides the following data, pertinent to alloca

faltersainse [42]

Answer:

the allocation rate is $3 per machine hour

Explanation:

Step 1 Find the to total Machine hours

Total Machine Hours

3.0×15,000 = 45,000

5.0×20,000 = 100,000

Total = 145,000

Step 2 Determine the Overhead allocation rate

Overhead allocation rate = Budgeted Overheads / Total Machine Hours

= $435,000/145,000

=$3 per machine hour

8 0

3 years ago

Read 2 more answers