All categories

3 years ago

Which of the following is true of both paying with a check and paying with a debit card?

1 answer:

7 0

Had to look for the options and here is the answer. The statement that is true regarding paying both with a check and a debit card is that both are accepted by most people and most businesses. Both of these require getting some amount from your account as a form of payment. Hope this helps.

You might be interested in

Companies often use social media influencers popular with their target market to promote their products. In this case, the influ

SSSSS [86.1K]

Answer:

C) aspirational reference group

Explanation:

An aspirational reference group can be described as a group of individuals with whom a person (or many millions in this case) wish to be associated with. This person will try to imitate their behavior, and most importantly their purchase behavior since he/she doesn't belong to that group but wishes he/she could.

7 0

3 years ago

Read 2 more answers

The risk-free rate is 5%; Stock A has a beta of 2.0; Stock B has a beta of 1.0; and the market risk premiumis positive. Which of

butalik [34]

Answer:

C) If Stock B's required return is 11%, then the market risk premium is 6%.

Explanation:

In this question, we apply the Capital Asset Pricing Model (CAPM) formula which is shown below

Expected rate of return = Risk-free rate of return + Beta × (Market rate of return - Risk-free rate of return)

The (Market rate of return - Risk-free rate of return) is also known as the market risk premium

If we take the required return is 11%, so the market risk premium would be for stock B

11% = 5% + 1 × Market risk premium

11% - 5% = Market risk premium

So, the market risk premium would be 6%

If we take the required return is 11%, so the market risk premium would be for stock A

11% = 5% + 2 × Market risk premium

11% - 5% = Market risk premium

So, the market risk premium would be 3%

Hence, the correct option is C

3 0

2 years ago

On April 1, 9,000 shares of $7 par common stock were issued at $26, and on April 7, 5,000 shares of $70 par preferred stock were

Mariana [72]

Answer:

Apr 1

DR Cash $234,000

CR Common stock $63,000

CR Paid in capital in excess of par - Common Stock $171,000

<em>(To record issuance of common stock)</em>

Apr 7

DR Cash $540,000

CR Preferred stock $350,000

CR Paid in capital in excess of par - Preferred Stock $190,000

<em>(To record issuance of preferred stock)</em>

Explanation:

April 1

Cash

9,000 * 26 = $234,000

Common stock

9,000*7 = $63,000

April 7

Cash

5,000*108 = $540,000

Preferred stock

5,000*70 = $350,000

7 0

3 years ago

Use the following information to answer the next three questions.

nalin [4]

Answer:

The alignment of numbers in the first part of the question is off. However, you solve this question as shown below. The correct answer is C. $1,124.

Explanation:

This is a one-time cashflow type of question where the principal amount is invested once and no other addition is made to the account. You use the future value formula to solve the result of the compounding effect at year 3.

FV formula;

FV = PV(1+r)^n

PV = 800

discount rate; r = 12% or 0.12

total duration of investment; n = 3

therefore; FV = 800(1+0.12)^3

FV = 800 * 1.404928

FV = 1123.94

To the nearest whole dollar, the amount will grow to $1,124

6 0

2 years ago

Bank A quotes a bid rate of $.300 and an ask rate of $.305 for the Malaysian ringgit (MYR). Bank B quotes a bid rate of $.306 an

Elenna [48]

Answer:

The profit for an investor who has $500,000 available to conduct locational arbitrage is $1,639.

Explanation:

Bank A has a ask rate of $0.305, so the investor can exchange his $500,000 at Bank A and get = $500,000/$.305 = MYR = 1,639,344

Bank B has a bid rate of $0.306, he can invest 1,639,344= 1,639,344 × $.306 = $501,639.

501,639 - $500,000 = $1,639.

Thus, the profit is $1,639.

3 0

3 years ago