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3 years ago

What are some ways you can 's protect yourself financially in today's digital world of online banking and shopping?

1 answer:

6 0

Online banking and shopping is such a convenience for many people, but it can also be a major risk. By paying with your credit card online versus your debit card, your risk of fraud is lower. Credit cards offer more fraud protection and prevention than debit cards do. Another way to protect yourself online is to not make and financial transactions over an unknown or unsecured WiFi network. Hackers can easily get their hands on your credentials if you make transactions on unsecured networks. Although online banking and shopping makes life so much easier, you also need to keep yourself and your information safe.

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Franklin Company borrowed $144,000 from a bank on March 1, 2021 and agreed to pay it back in eleven months at an interest rate o

ioda

Answer:

$25,080

Explanation:

Given:

Loan amount = $1,44,000

Starting Date 1 march 2021

Duration = 11 month

Interest Rate = 19%

Amount of interest =?

$Amount of interest for a year = PRT/100\\\\Amount of interest for a year = 144,000\times19\times1/100\\Amount of interest for a year= 27,360$

Amount of interest for eleven month = Amount of interest *11/12

Amount of interest = $27,360*11/12

Amount of interest = $25,080

6 0

3 years ago

Consumer Products Corporation wants to make an offering of securities to the public. This offering is not exempt from registrati

Ilia_Sergeevich [38]

Answer:

C. a prospectus.

Explanation:

Before a firm make an offering of its securities public, it must provide investors with prospectus as it contains the aims, purpose and objectives of the firm. All relevant information about the firm is contained therein.

Prospectus provides clarity to intending investors such as shares to be offerred for sale, issues on tax to be paid, investment policies, component of the fund and shares redemption etc. It is a legal document required by securities and exchange commission which gives information of an investment offering to the public about the sale of securities such as stocks, shares, bonds etc.

The prospectus must also give a concise information because investors will rely on it whether to invest by reviewing the investment fund and to check whether to invest in such fund.

5 0

3 years ago

Which of the following is a true statement about the field of manufacturing?

ivann1987 [24]

Out of the above choices, C) manufacturing jobs are expected to decline because of advances in technology. Due to technology advancing in many fields, it is creating a decline for the job because technology, once developed and tested is much cheaper. A, B, and D are incorrect because you can work in the manufacturing field without a college education, the jobs within the manufacturing field vary and can pay more or less than $50,000. There is also workers all over the world who work in manufacturing, not just the immigrant labor force.

6 0

4 years ago

Read 2 more answers

A customer comes into its local bank branch and tries to withdraw a large amount. the bank tells him that it has ""insufficient

Ratling [72]

A customer comes into its local bank branch and tries to withdraw a large amount. the bank tells him that it has ""insufficient resources"" to comply with his request at the time. this is an example of Federal Law.

FDIC Law, Regulations, Related Acts is a collection of laws, rules, declarations of policy, and other legal documents pertaining to banking. It contains the FDIC Act, FDIC rules.

FDIC statements of policy, and other relevant laws and rules pertaining to banking. Not all legislation and rules pertaining to insured depository institutions are intended to be presented in this document.

To learn more about FDIC Law here

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4 0

2 years ago

Roy and Monica are married and will file a joint return. They have a daughter, Rachel, age 5. While Roy works and Monica looks f

garik1379 [7]

Answer:

Unfortunately, like Monica had no earned income and they're filing jointly, Roy and Monica can't claim the credit. The correct answer is B. US$ 0.

Explanation:

1. Let's review the information given to us to answer the question correctly:

Roy and Monica are married and will file a joint return.

While Roy works and Monica looks for work, Rachel stays at Wee Care.

Amount paid by child care in 2011 = US$ 1,500

Roy's earned income = US$ 24,000

Monica's earned income = US$ 0

2. What is the amount of their child and dependent care credit?

IRS, on publication 503, related to Child and Dependent Care Expenses is crystal-clear. Taking from the official document, "You Must Have Earned Income . To claim the credit, you (and your spouse if filing jointly) must have earned income during the year."

Unfortunately, like Monica had no earned income and they're filing jointly, Roy and Monica can't claim the credit.

3 0

3 years ago