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3 years ago

In two to three sentences, explain online banking and its purpose.

Business

2 answers:

Strike441 [17]3 years ago

5 0

Answer:

It is an electronic payment system that enables customers of a bank or other financial institution to conduct a range of financial transactions through the financial institution's website. It is usually used as an easier and faster way to connect with your bank and to access your banking information.

Explanation:

Sergeeva-Olga [200]3 years ago

5 0

Answer:

Banking online means accessing your bank account and carrying out financial transactions through the internet. The purpose of banking online is it allows you to carry out a number of tasks such as paying bills and transferring money, without having to call or go to your bank.

Explanation:

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Ayayai Company issued $612,000 of 10%, 20-year bonds on January 1, 2017, at 102. Interest is payable semiannually on July 1 and

nata0808 [166]

Answer:

(a)The issuance of the bonds.

January 1, 2017, bonds are issued

Dr Cash 624,260

Cr Bonds payable 612,000

Cr Premium on bonds payable 12,260

(b)The payment of interest and related amortization on July 1, 2017.

July 1, 2017, first coupon payment

Dr Interest expense 30,497

Dr Premium on bonds payable 103

Cr cash 30,600

(c)The accrual of interest and the related amortization on December 31, 2017.

December 31, 2017, accrued interest

Dr Interest expense 30,492

Dr Premium on bonds payable 108

Cr Interest payable 30,600

Explanation:

We must first determine the market price of the bonds:

PV of face value = $612,000 / (1 + 4.88525%)⁴⁰ = $90,818.5814

PV of coupons = $30,600 x 17.43274 (PV annuity factor, 4.88525%, 40 periods) = $533,441.844

market price = $90,818.5814 + $533,441.844 = $624,260

amortization for first coupon payment:

= ($624,260 x 4.88525%) - ($612,000 x 5%) = $30,496.68194 - $30,600 = $103.31806

amortization for second coupon payment:

= ($624,156.6819 x 4.88525%) - ($612,000 x 5%) = $30,491.6143 - $30,600 = $108.3856955

6 0

3 years ago

Explain in brief the factors that affect storage life of vegetables.

labwork [276]

Explanation:

Factors that affect food storage:

Temperature: The temperature at which food is stored is very critical to shelf life.

Moisture: It is recommended to remove moisture when storing foods.

Oxygen: Foods store best when oxygen free.

Light: Light, a form of energy that can degrade the food value of foods.

Hope it's helpful to you

7 0

3 years ago

What do you believe are the two most significant components of the medical billing workflow?

monitta

Answer:

Explanation:

Six critical components for medical calculation (the first two are the most important):

1: Eliminate confusion that it is really an invoice.

Insured patients often receive two service-related communications - a certificate of benefit from an insurance company (EOB) and an invoice from a health care professional. EOBs usually include service history, work done, who the provider is, the amounts allowed under the insurance plan, adjustments, deductions and patient liability.

2: Make sure the patients know what the invoice is.

For recurrent patients, there may be confusion as to what service or design the bill is about. Specify the date of service, medical care, and services provided so that the patient can see the amount paid.

3: Provide clear line items showing prepaid patient payments (co-payments) and contributions from the insurance company.

Explain to patients what credits are already used in the invoice. This can help insurers understand what they contribute, personal responsibility, and promote timely payments.

4: Provide invoices as patients wish to receive.

For some patients, paper invoices may be the method they choose to consult with health care providers. For others, electronic invoices may be more appropriate. Paper sheets can offer patients the opportunity to pay by check, write their payment card information, or use an online portal that supports one-time guest payments. Electronic invoices can reduce the cost of printing and shipping paper invoices, eliminate delays in document invoices, and provide direct access to online portals where they can edit and manage their billing practices.

5: Provide patients with different options to pay.

As patients prefer paper or electronic invoices, they have choices about how they want to pay. Some love the convenience of paying with a credit card, while others may opt for cash, check or debit card transactions. From billing solutions that support multiple payment methods and payment channels to credit card transactions on mobile devices, one billing solution can increase your ability to pay on time.

6: Help patients along the way.

No matter how much a health worker strives to meet the needs of his patients, patients will have questions regarding referral reports. Useful support professionals (both online and by phone) can provide easy access, help patients better understand their laws and encourage their timely payment.

5 0

3 years ago

How would life be without technology

Ghella [55]

This website would not exist. Social lives would improve because everyone would actually hang out with people. We would not be able to get places fast because cars would not be developed.

4 0

4 years ago

Industrialization gave workers shorter working hours and time off on weekends, which allowed formore jobs per person.lower salar

baherus [9]

<span>Industrialization gave workers shorter working hours and time off on weekends, which allowed for more leisure time. Leisure time is also known as down time. This is time that is set aside for people to do and spend how they want. They can get things done around their home, have fun with friends and family or sit home and relax. Having shorter working hours resulted in more leisure time. </span>

8 0

4 years ago

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