All categories

3 years ago

Everfi module 8 answers the best way to investigate fraudulent transactions on your credit card is to:

2 answers:

8 0

The best way to investigate fraudulent transactions on your credit card is to review your recent credit card statements.

Further Explanation:

Credit card:

A credit card can be used for the purchase of goods and services. Generally, a credit card has a specific limit. It is known as a line of credit (LOC). The cardholder can withdraw or use the funds up to the LOC. The cardholder has to pay the amount which is borrowed along with interest on the borrowed funds after a specific period of time, which is defined and stated at the time of issuing the credit card.

Investigate fraudulent transactions on credit card:

The cardholder should order a credit card statement. The credit card statement is detailed information regarding the payment history, amount owed, types of credit used, new credits and length of credit history.

The credit card holder can review the credit card statement and analyze the transaction. The cardholder can examine the details of the suspicious transactions such as amount, receipt of the fund, and timing of the transaction to ensure that the transaction is authorized by him or not.

The credit card statement has detailed information about all the transactions. To investigate review your recent credit card statement.

Learn more:

1. Learn more about credit card

brainly.com/question/2668305

2. Learn more about credit utilization value

brainly.com/question/5955652

3. Learn more about trade-offs

brainly.com/question/5057443

Answer details:

Grade: Middle School

Subject: Banking

Chapter: Credit card

Keywords:

best way, investigate, farudalenttransactios, credit card review, line of credit, cardholder, credit card, detailed information, borrowed funds, credit card statemenrt.

olganol [36]3 years ago

4 0

The best way to investigate fraudulent transactions on your credit card is to call your bank to review recent transactions or review your recent credit card statements. By doing this, you are able to check and confirm that you or anyone authorized to make purchases is the only one who has making any transactions on the account.

You might be interested in

On February 24, 2020, Allison's building, with an adjusted basis of $2,986,000 (and used in her trade or business), is destroyed

astra-53 [7]

Answer:

As a calendar-year taxpayer, Allison must make the new investment by December 31, 2020 to qualify for the nonrecognition election.

Explanation:

a) Data and Calculations:

Adjusted basis of building = $2,986,000

Insurance reimbursement = $3,881,800

Gain from loss = $895,800 ($3,881,800 - $2,986,000)

Investment in new building = $3,493,620

Purchase of stock = $388,180 ($3,881,800 - $3,493,620)

b) Allison is expected to make the election for the nonrecognition of the gain from loss in his Federal Tax return in the taxable year in which the gain with respect to the loss of the building is realized. The return must set forth the computation of the gain and other required details.

6 0

2 years ago

On February 1, a customer's account balance of $2,700 was deemed to be uncollectible. What entry should be recorded on February

Anvisha [2.4K]

Answer:

On February 1, a customer's account balance of $2,700 was deemed to be uncollectible.

The entry to be recorded on February 1 to record the write-off assuming the company uses the allowance method is:

Debit Allowance for Doubtful Accounts $2,700; credit Accounts Receivable $2,700.

Explanation:

Using the allowance method, every bad debt entry is first reflected in the Allowance for Doubtful Accounts before it is taken to the bad debt expense account.

The entries above reduce the Accounts Receivable account by the amount of the write-off and reduces the Allowance for Doubtful Accounts by the same amount. Any recovery of written off debt is also treated in the Allowance for Doubtful Accounts and the Accounts Receivable account in revised order. This method is unlike the direct write-off method. With the direct write-off method, the Accounts Receivable is credited with the amount of the write-off and the write-off is expensed in the Bad Debts Expense account directly.

5 0

3 years ago

A company has an investment project that would cost $10 million today and yield a payoff of $15 million in 4 years.

Maslowich

Is the question, what is the Annual Rate of Return?
P=A•e^rt
15=10•e^4r --> ln (e^4r) = ln (3/2)
4r = 0.4055
r = 0.1014

4 0

3 years ago

Three categories of activities (operating, investing, and financing) generate or use the cash flow in a company. In the followin

Marat540 [252]

Answer:

a. Yum Co. uses cash to repurchase 10% of its common stock. (Financing activity)

b. DigiInk Printing Co. buys new machinery to ramp up its production capacity. (Investing activity)

c. D and W Co. sells its last season’s inventory to a discount store. (Operating activity)

d. A company records a loss of $70,000 on the sale of its outdated inventory. (Operating activity)

Explanation:

Cash flow statement shows how cash is used and obtained in a business. There are different activities that influence cash flow. Below are the activities:

- Operating activities are those that include normal business operations like buying and selling of inventory, interest payments, and salaries.

- Investing activities involves use of cash for investment like purchase or sale of assets, merger and acquisitions payments, and purchase of equipment.

- Financing activities includes cash used to purchase or sell equity such as shares, payment of dividends, and repayment of principal from debt

3 0

3 years ago

Why should you understand what you can and cannot copyright?

Alexeev081 [22]

Answer:

Copyright is important as it helps to protect the value of an author/academic/researchers work, by giving the originator of the work the ability to protect it from unlicensed or uncredited usage.

Explanation:

5 0

2 years ago

Read 2 more answers