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3 years ago

How have ATMs evolved since then? Have you used one? Explain.

Business

2 answers:

olga2289 [7]3 years ago

8 0

<h2>The following points describe how have ATMs evolved since their first setup: </h2>

The very first ATM that came out in 1967 functioned with paper printed on with radioactive ink that the machine could read to process the information.
The more popular type of ATMs came out two years later in 1969 and were disseminated throughout the United States over the next decade.
The new ATMs used plastic cards similar to the cards that we use today.
Both the types of cards and the interface of the ATMs changed with time.

anygoal [31]3 years ago

8 0

Answer:

I have been using Automated teller machine (ATM) for over a decade now and I can tell that it advance is great.

Explanation:

Owing to the fact that the automated teller machine is a product of the evolving world of information technology, it sole aim was to dispense cash but today we have ATMs that perform some other spectacular but trivia transactions like payment of bills

Deposit of cash, also it now accommodate finger print and Irish scanner to authenticate users the list is endless as the world of information technology is still advancing, we just have to relax and watch new features being added to the ATM.

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Ginny Trueblood is considering an investment which will cost her $120,000. The investment produces no cash flows for the first y

velikii [3]

Answer:

The project should be rejected as the payback period of 3.97 years exceeds the required 3 years. So, the correct option is E

Explanation:

The table showing the discounted cash flows of each year:

Computing discounted payback as:

Discounted Payback = Number of years + (Initial Cost - Discounted Cash flow of year 1 + Discounted Cash flow of year 2 + Discounted Cash flow of year 3 / Discounted Cash flow of year 4)

= 3 + ($120,000 - $0 - $28,925.62 - $41,322.31 / $51,226.01)

= 3 + ($49,752.07 / $51,226.01)

= 3 + 0.97

= 3.97

Working Note:

Discounted Cash Flow is computed as:

Discounted cash flow = Cash Flow / (1 + r) ^ n

where

r is rate of return that is 10%

n is number of year

So,

For 1st year:

= $0 / (1 + 0.1) ^1

= $0

For 2nd year:

= $35,000 / (1 + 0.1) ^ 2

= $35,000 / 1.21

= $28,925.61

For 3rd year:

= $55,000 / (1 + 0.1) ^ 3

= $55,000 / 1.331

= $41,322.31

For 4th year:

= $75,000 / (1 + 0.1) ^ 4

= $75,000 / 1.4641

= $51,226.01

6 0

3 years ago

Activity-Based Costing for a Service Business Sterling Hotel uses activity-based costing to determine the cost of servicing cust

Sunny_sXe [5.5K]

Answer:

Total cost= $40.3

Explanation:

Giving the following information:

The activity rates associated with each activity pool are:

$8.30 per guest check-in

$20.00 per room cleaning

$4.00 per served meal (not including food).

Tara Washington visited the hotel for a 3-night stay. Washington had 6 meals in the hotel during her visit.

Total cost= 8.30*1 + 20*1 + 4*3= $40.3

8 0

4 years ago

A 38-year-old investor places $25,000 into a single premium qualified deferred variable annuity. Twenty years later, with the ac

Bad White [126]

The total tax liability is $12,500.

<h3>What is the total tax liability? </h3>

Due to the fact that the account is qualified annuity, the total amount withdrawn is subject to tax. Also, because the investor is less than 59.5 years, the investor pays an additional tax of 10%.

The effective total tax = 25% + 10% = 35%

Total tax liability = 25% x $50,000

= 0.25 x $25,000 = $12,500

To learn more about taxes, please check: brainly.com/question/25311567

6 0

2 years ago

Simplifying the ABC System: TDABC Golding Bank provided the following data about its resources and activities for its checking a

IRISSAK [1]

Answer:

1.$20 per hour

2. Processing accounts $4 per account

Issuing statements $2 per statement

Processing transactions $1 per transaction

Answering inquiries $3 per inquiry

$40,000

Explanation:

1. Calculation to determine the capacity cost rate for the checking account process

Using this formula

Capacity cost rate= Total resources / Total checking processing hours

Let plug in the formula

Capacity cost rate= $400,000 / 20,000

Capacity cost rate= $20 per hour

Therefore the capacity cost rate for the checking account process is $20 per hour

2. Calculation to determine the activity rates for the four activities.

Processing accounts= 0.20 × $20

Processing accounts= $4 per account

Issuing statements= 0.10 × $20

Issuing statements= $2 per statement

Processing transactions= 0.05 × $20

Processing transactions= $1 per transaction

Answering inquiries= 0.15 × $20

Answering inquiries= $3 per inquiry

Therefore the activity rates for the four activities are:

Processing accounts $4 per account

Issuing statements $2 per statement

Processing transactions $1 per transaction

Answering inquiries $3 per inquiry

Calculation to determine the cost of the issuing statements activity If the total of issuing statement was 20,000

Using this formula

Cost of the issuing statements activity= Issuing statements*Total of issuing statement

Cost of the issuing statements activity

Let plug in the formula

Cost of the issuing statements activity= 20,000 × $2

Cost of the issuing statements activity= $40,000

Therefore the cost of the issuing statements activity is $40,000

7 0

3 years ago

Melissa is a very good middle manager. However, she has for a very long time wanted to open her own business. Which of Melissa's

mash [69]

Melissa's characteristics that are not consistent with entrepreneurship is that Melissa tends to put things off until later.

<h3>What is entrepreneurship?</h3>

Entrepreneurship refers to the activity of setting up a business that takes financial risks in the hope of profit.

The missing options in the questions are

Melissa has high self-confidence.
Melissa tends to put things off until later.
She is untroubled by uncertainty.
She has a high need to achieve.
She has a high energy level.

Melissa is a very good middle manager. However, she has for a very long time wanted to open her own business. Melissa's characteristics that are not consistent with entrepreneurship are she tends to put things off until later.

Therefore, B is the correct option.

Learn more about Entrepreneurship here:

brainly.com/question/18203575

#SPJ1

5 0

2 years ago