If a monthly investment is being done then you can set up a once month automatic payment.<span> Write a check in the name of investment or you can also make an electronic transfer to the establishment you are investing in. </span>
In a financial service transaction, it is required the customer provides a valid form of photo identification (true), it is not possible to proceed without an identification (false), and the real physical address of the customer is required (true).
A financial service transaction is a service that allows customers to send money or receive money. This service has become quite popular in the last years, and many banks around the world offer it.
Moreover, there are specific rules and protocols for financial transactions as identity theft and fraud are possible. These rules include:
- Asking customers for a valid form of photo identification such as showing their ID to prove the identity of the customer
- Asking the customer for his ID and refusing to continue with the transaction if the ID is not shown or the customer refuses to give necessary information to validate his/her identity
- Asking for the physical address of the customer and not accepting a general address or a post office box address
Based on this, the first statement is true, the second one is false and the third one is true.
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Answer:
Option (C) is correct.
Explanation:
Income tax expense:
= Operating income × Income tax rate
= $250,000 × 40%
= $100,000
Total income tax expense:
= (Operating income + Income on discontinued operations) × Income tax rate
= ($250,000 + $70,000) × 40%
= $128,000
Therefore, Freda's separately stated income tax expense and total income tax expense would be $100,000 and $128,000, respectively.
Answer:
amount = $12985.48
Explanation:
given data
principal = $1000
RATE = 6 % = 0.06
Time = 44 year
to find out
How much will be in the account when you retire
solution
we will apply here amount formula that is
amount = principal × ...................1
put here value we get
amount = 1000 ×
amount = $12985.48
The amount of money Shawheen deposited in his savings account increased in value because of the interest rate his account earns.
The initial deposit might have a higher purchasing power because of inflation.
When money is deposited in a savings account, the amount of money earns interest.
The value of the interest rate can be determined using this formula: interest earned / (time x amount deposited)
Interest earned = $$5,306.04 - $5,000 = $306.04
Interest rate = $306.04 / (3 x $5000) = 2.04%
Inflation is the persistent rise in the general price levels. Inflation reduces the purchasing power of money.
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