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Rufina [12.5K]
3 years ago
15

For banks, online transactions are an inexpensive alternative to branch banking. Transaction costs are about ________ per online

transaction versus ________ at a physical branch.
Business
1 answer:
MaRussiya [10]3 years ago
4 0

Answer:

The corrects answers that fills the gaps are: 2 cents; $1,07.

Explanation:

Electronic payment methods are a payment system that facilitates the acceptance of payments to carry out transactions without having to use cash. The development of financial systems and advances in information technology have allowed the emergence of these new means of payment, which are increasingly used worldwide.

Among the main electronic means of payment can be mentioned: debit cards, credit cards, mobile wallet and internet transactions - electronic banking.

The advantages:

- They are safer than the use of cash.

- They allow paying for goods or services in an immediate or faster way.

- They allow easy control over the operations and expenses incurred.

- They can be used to make purchases online.

- In some cases, they help build a credit history.

- They allow access to financial products and services.

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What is a tort? A. A breach of contract B. A legally-binding contract between two parties that includes consideration C. An agen
ElenaW [278]
I am positive it is D

Good luck!
6 0
3 years ago
Marigold Corp. is authorized to issue both preferred and common stock. The par value of the preferred is $50. During the first y
ohaa [14]

Answer:

Dr cash      $ 2,473,500.00  

Cr preferred stock                                                       $ 2,425,000.00  

Cr  paid-in capital in excess of par-preferred stock $48,500

Dr cash                        $  3,422,000.00  

Cr preferred stock                                                       $ 2,900,000

Cr  paid-in capital in excess of par-preferred stock $522,000

Explanation:

The issue of preferred shares on Feb 1 would result in cash proceeds of $ $2,473,500.00   i.e (48,500*$51)

The proceeds would be debited to cash while preferred stock account is credited with par amount of $ 2,425,000.00 (48,500*$50) and the remaining amount of $ 48,500.00   is credited to paid-in capital in excess of par-preferred stock.

The issue of preferred shares on July 1 would result in cash proceeds of  $3,422,000.00     i.e (58,000*$59)

The proceeds would be debited to cash while preferred stock account is credited with par amount of $ 2,900,000.00   (58000*$50) and the remaining amount of $ 522,000.00    is credited to paid-in capital in excess of par-preferred stock

 

 

3 0
3 years ago
Riley, age 16, and Samuel, age 36, enter into a contract in which Riley will sell Samuel his car for $11,000. The next day, Samu
Olin [163]

Answer: The answer is that Riley cannot enforce the contract because he is a minor.

Explanation:

Contract is an agreement between two or more individuals which is enforceable by the law. For a contract to be considered valid in law it must contain some essential elements such as the following

Offer: This is the person who is making the offer in the contract agreement, known as the offeror

Acceptance : This is the person who is willing to accept the offer, known in this case as the offeree.

Consideration : The law states that, all simple contract must be supported by value consideration known as price.

Intention to create legal relations :The parties in contract must agree to enter into a legal relationship as regard the contract.

Capacity : The law also states that, The parties in contract must be capable of entering into contract at the time of coming into the contract. In other words, the person must be of age of 18 years and above.

Legality : The contract must not contrary to the law , it must be seen to be legal according to the law .

Therefore, in the question under review, Riley is 16 years, by law he is a minor, he has not fulfilled one of the essential elements of a valid contract which is capacity. The law states that, any contract enter into with a minor is null and void according to law.because, as at the time of entering into the contract such a minor is not capable of entering into the contract. Therefore, Riley will not be able to enforce the contract because he is a minor.

3 0
3 years ago
Red Builders agrees to construct a new building for Blue Co. for a total contract price of $6,000,000. The estimated constructio
Evgesh-ka [11]

Answer: $300,000

Explanation:

Total expected costs = cost incurred to date + estimated cost to complete

                                   = 1,200,000 + 3,600,000

                                   = 4,800,000

Percentage of completion=\frac{Cost\ incurred\ to\ date}{Total\ expected\ cost}\times 100

Percentage of completion=\frac{1,200,000}{4,800,000}\times 100

                                                 = 0.25

                                                 = 25%

Profit = contract revenue - Total expected costs

         = $6,000,000 - 4,800,000

         = $1,200,000

Cumulative gross profit = Profit × Percentage of completion

                                       = $1,200,000 × 0.25

                                       = $300,000

Therefore, Red Builders should have recognized profit at the end of year 1 in the amount of $300,000.

4 0
3 years ago
On October 1, 2017 Bartley Corporation issued 5%, 10-year bonds with a face value of $8,000,000 at 103. Interest is paid on Octo
loris [4]

Answer and Explanation:

The journal entry to record the issuance of the bonds is shown below:

Cash Dr  ($8,000,000 × 1.03) $8,240,000

        To Bond payable $8,000,000

        To Premium on bond payable $240,000

(Being issuance of the bond is recorded)

Here cash is debited as it increased the asset and credited the bond payable and the premium on bond payable as it increased the liabilities

Hence, the same is to be considered

6 0
2 years ago
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