1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
OLga [1]
3 years ago
9

Wassim Masood has been the webmaster for Woori Finance only ten days when Woori's website was flooded with access attempts. Wass

im shut down the site and only opened it to Web addresses which he specifically identified as legitimate. As a result, many of Woori's customers were unable to obtain loans, causing Woori to lose a significant amount of business. Woori Finance suffered from a
a. malware attack.
b. denial-of-service attack.
c. cyber-extortion attack.
d. zero-day attack.
Business
1 answer:
Llana [10]3 years ago
7 0

Answer:

b. denial - of - service attack.

Explanation:

Denial - of - service -

It is a type of attack , where the hackers tries to prevent the legitimate users from using the service .

The strategy used in this case is , the attacker sends a lot of messages or mails asking the network for authentication .

Hence , same is the case with Woori , it suffered from a denial - of - service attack .

You might be interested in
Lowell Corporation paid $80,000 to acquire all of Boston Company's net assets. Boston reported assets with a book value of $60,0
Pavel [41]

Answer:

Lowell Corporation

The amount that will be recorded as goodwill by Lowell Corporation to record its investment in Boston is:

= $5,000.

Explanation:

a) Data and Calculations:

Investment in Boston Company = $83,000

Fair value of assets = $98,000

Fair value of liabilities  23,000

Net value of assets = $75,000

Goodwill = $5,000 ($80,000 - $75,000)

b) Acquired Goodwill is the difference between the cost of purchasing Boston Company ($80,000) and the net identifiable assets of Boston Company ($75,000).  The net identifiable assets are calculated by subtracting the fair value of the liabilities from the fair value of the assets.

3 0
3 years ago
Company J acquired all of the outstanding common stock of Company K in exchange for cash. The consideration transferred exceeds
slamgirl [31]

<u>Answer:</u> The amounts have to be determined using fair value for plant and equipment and for long term debt.

<u>Explanation:</u>

Fair value method is based on the market price of the asset. The historical value of the assets is not used to consider the sale price of the asset. Fair value is where Company J and Company K both the parties have to accept the price based on the known facts of the assets.

Company J and Company K should both accept the price out of free will and should not be out of compulsion. Company J can report based on the financial statement fair value of the assets and long term debt.

4 0
3 years ago
Max's demand for hot dogs falls as his income rises, then for Max hot dogs are a. a bad good. b. a normal good. c. a neutral goo
kotykmax [81]

         The reduction in Max's demand for hot dogs as his income rises shows that Max's hot dogs are an inferior good.

<h3>What is an inferior good?</h3>

An inferior good is a concept used in economics to describe a product whose demand falls as people's earnings increase. As salaries and the economy improve, people begin to replace these things with more expensive alternatives.

  • The demand for an inferior good usually falls as consumer income grows, as opposed to normal goods, which experience the reverse. 

Therefore, we can conclude that the reduction in Max's demand for hot dogs as his income rises shows that Max's hot dogs are an inferior good.


Learn more about inferior goods here:
brainly.com/question/6039968

5 0
2 years ago
Crane Company purchases a patent for $161,900 on January 2, 2022. Its estimated useful life is 5 years. (a) Prepare the journal
Zina [86]

Answer:

Explanation:

The journal entry is shown below:

Amortization expense - Patent A/c Dr $32,380

     To Patent A/c $32,380

(Being amortization expense for the first year is recorded)

The computation is shown below"

= Purchase cost of patent ÷ estimated useful life

= $161,900 ÷ 5 years

= $32,380

For the intangible assets, the amortization expense is considered,not the depreciation expense and the same is to be taken.

7 0
3 years ago
Mendrisio Company purchased a piece of machinery for $30,000 on January 1, 2019, and has been depreciating the machine using the
aleksley [76]

Answer:

a. There is no entry required to record the accounting change

b. The journal entry to record depreciation for 2021 would be as follows:

                                   

                                         Debit      Credit

Depreciation Expense $3,000

    Accumulated Depreciation $3,000

Explanation:

According to the given data we have the following:

Sum of year digits=5(5+1)/2

Sum of year digits=(5*6)/2

Sum of year digits=15

Depreciation for year 2019=$30,000*5/15

Depreciation for year 2019=$10,000

Depreciation for year 2020=$30,000*4/15

Depreciation for year 2020=$8,000

Therefore, book value as on january 1, 2021=$30,000-$10,000-$8,000

book value as on january 1, 2021=$12,000

Revised useful life=6 years-2 years=4 years

Therefore, Revised depreciation for 2021=$12,000/4

Revised depreciation for 2021=$3,000

a. There is no entry required to record the accounting change

b. The journal entry to record depreciation for 2021 would be as follows:

                                   

                                         Debit      Credit

Depreciation Expense $3,000

    Accumulated Depreciation $3,000

3 0
2 years ago
Other questions:
  • If the real exchange rate between the U.S. and Japan is 1, the nominal exchange rate is 100 yen per U.S. dollar and the price of
    7·1 answer
  • Why is a long term consequence of paying less than the minimum amount due on your bills
    6·1 answer
  • Almost all financial theory and decision models assume that the financial markets are efficient. The informational efficiency of
    5·1 answer
  • 1. __________ is the act of declaring a drivers license void and terminated when it is determined that the license was issued th
    7·1 answer
  • During the current year, a parent sold inventory priced at $800,000 to its subsidiary, and the parent’s profits on these sales a
    9·1 answer
  • You invest 60% of your financial assets in Standard &amp; Poor’s Depository Receipts with an expected return of 10% and a standa
    8·1 answer
  • The Varone Company makes a single product called a Hom. The company has the capacity to produce 40,000 Homs per year. Per unit c
    11·1 answer
  • Ntex Ltd. issued 10,000, 10% Debentures of Rs.100 each at a premium of
    9·1 answer
  • Which margin size is most appropriate for a business card?
    13·2 answers
  • . If the company produces 5,000 fewer units than it sells in its second year of operations, will absorption costing net operatin
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!