Answer: Statement B and D
Explanation:
Option A : cellphone communication companies and the respective authorities of the countries in which they operate have their own legal restrictions and policies regarding cellphone communication.
Option C : Mobile tapping and on call recording crimes are common these days so cellphones cannot be considered completely confidential and not prone to misuse .
There is always risk of fraudulent behaviors.
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The highest daily fee to eliminate collection float is $551 (approx). According to the given information, the highest daily fee that should be paid to eliminate the collection float is $550.82 which is approx $551.
<h3>What is a Collection Float?</h3>
Collection Float refers to an asset that is currently in a state of transition. It is used in two contexts:
- Concerning the Bank Deposits
Given,
Average Daily Receipt = $26,482
Average clearing days = 1.3 days
Daily Interest Rate = 0.016%
Required to Calculate = Highest daily fee to eliminate collection float
Calculation,
Highest daily fee collection float = Average daily receipt x Average clearing days x daily interest rate.
= $26,482 x 1.3 x 0.016%
Highest daily fee to eliminate collection float = $550.8 which is $551 (approx).
Thus, According to the given information, the highest daily fee that should be paid to eliminate the collection float is $550.82 which is approx $551.
Learn more about Collection Float here:
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Answer:
The journal entries required for the redemption as well as the two instances of stock sale is given in details below:
Explanation:
DR CR
11-Oct Treasury stock 5000shares @$5 each 25000
Cash 25000
Being own shares repurchased
1-Nov Cash 31000
Treasury stock 1000 shares issued @$31 each 25000
Paid-in-capital treasury stock 6000
Reissuing treasury stock a higher price
25-Nov Cash 80000
Paid-in-capital treasury stock 6000
Retained earnings 14000
Treasury stock 100000
Reissuing treasury stock at a lower price
Answer:
b. In the process of market segmentation,deciding the segmentation strategy precedes determining the consumer's needs and wants.
Explanation:
In the above stated statement, it is the truth about market segmentation due to the fact that, customers needs and wants differs. <em>In other to ensure that those are met through segmentation of goods and services, there is need for the segmentation strategy to be adopted by the market. Without this segmentation strategy, their be conflicts between the needs and wants of the customers which would lead to not meeting their expectation.</em>
