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3 years ago

What is the major disadvantage associated with both online and mobile banking?

Business

1 answer:

erastova [34]3 years ago

3 0

Answer:

C. computer malware

Explanation:

The major drawback associated with both online as well as mobile banking is "computer malware". As malware is a type of product that is intentionally designed to harm computers, computer networks and as well as servers. Malware harms a computer basically when it comes from any source to an individual's computer system. It will be appearing as contents, other programming or executable code.

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The following revenue and expense account balances were taken from the ledger of Guardian Health Services Co. after the accounts

vekshin1

Answer:

Guardian Health Services Co.

Income Statement for the year ended February 28, 20Y0

$ $

Sales

Service Revenue 334,100

Cost of Goods sold

Supplies Expense 4,180

Gross Profit 329,920

Operating expense

Utilities Expense 26,800

Wages Expense 262,700

Depreciation Expense 17,400

Insurance Expense 8,530

Miscellaneous Expense 6,790

Rent Expense 70,300

392,520

Net profit/(loss) (62,600)

Explanation:

The income statement is a statement that shows the net profit or loss of a business for a period end. It shows the income made and expenses incurred in the course of a given period.

7 0

2 years ago

White Corporation, a closely held personal service corporation, has $150,000 of passive activity losses, $120,000 of active busi

LenKa [72]

Answer:

correct option is a.$0

Explanation:

given data

passive activity losses = $150,000

active business income = $120,000

portfolio income = $30,000

to find out

how much passive activity loss can White Corporation deduct

solution

as per given we know that here white corporation is a Personal Service Corporation

so that it is not deduct the passive loss against the portfolio income

so correct option is a.$0

3 0

3 years ago

When you download and print the NCAA Basketball Tournament bracket (a paper to pick who you think will win the NCAA Men's Basket

Anni [7]

Answer:

2. Unilateral contract

Explanation:

Because in a unilateral, or one-sided, contract, one party, known as the offeror, makes a promise in exchange for an act (or abstention from acting) by another party, known as the offeree.

5 0

3 years ago

Explain the roles of monetary and fiscal policy in causing and ending hyperinflation.

german

Answer:

Explanation:

Hyperinflation occurs when the prices of goods and services increases very rapidly. This situation is stirred up when the federal government in a country prints more money in order to finance their fiscal budget, this leads to increase in price coupled with inflation, this is as a result of increase in the supply of money.

The government is supposed to secure the supply of money in order to reduce inflation instead of printing more money. Consumers that understands what this means anticipates increase in price, this makes them buy more before the eventual increase in price.

Note that during hyperinflation debtors benefits, because their debt becomes worthless due to increase in price.

3 0

3 years ago

A local government operates on a calendar-year basis. Prepare journal entries to record the following transactions and events fo

astra-53 [7]

Answer:Please find answers in explanation column

Explanation:

1. Journal to record Short term borrowing

Date Account title Debit Credit

Feb. 1, 2018 Cash $400,000

Tax anticipation notes payable $400,000

2.Journal to record accrued interest payable on TAN)

Date Account title Debit Credit

Dec. 31, 2018 Expenditures – interest $3,666.67

Accrued interest payable $3,666.67

Calculation :Accrued interest= Principal x rate x period (time)

$400,000 x 1% x 11/12= $3,666.67

3. Journal to record investment in CD

Date Account title Debit Credit

April 1, 2018 Investments $100,000

Cash $100,000

4.Journal To record redemption of CD with interest

Date Account title Debit Credit

Sept. 30, 2018 Cash $100,400

Investments $100,000

Cash Revenues – interest income $400

Calculation

Accrued Interest

Principal x rate x period (time= )100, 000 x 0.8 %x 6/12)= $400

Cash = Investment + interest= $100,000 + $400 = $100,400

4 0

3 years ago