A merchant's PCI DSS compliance can be confirmed using the PCI Report on Compliance. The PCI DSS's standards and procedures were created to increase the security of credit card-based transactions and safeguard cardholder data from fraud and other unauthorized uses of their personal data.
To protect cardholders' private information and boost the security of transactions involving credit, debit, and cash cards, the Payment credit card Industry Data Security Standard (PCI DSS) is a well-known set of rules. PCI Compliance is NOT a one-time project but an ongoing practise. Merchants (the Business Owner) are in charge of overseeing the finances of their company's activities.
To learn more about PCI, click here.
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Answer:
Yes; Yes
Explanation:
Average labour productivity can fall even though total output is rising as long as employment is increasing. When employment increases, the total output increases, but it can lead to a decline in average labour productivity.
Average labour productivity/ Total output
Similarity, it is possible; if the average productivity increases the unemployment rate can decrease even though the output is rising.
Answer:
Ending Accounts Receivable = Services on Account - Amount Written Off - Collection of accounts receivables
= $250,000 - $10,000 - $210,000
= $30,000
Required Balance in Allowance for Un-collectible accounts at Year end = Accounts Receivable at 12/31/2021 * 20%
= $30,000 * 20%
= $6,000
Bad debt Expense = Required Balance in Allowance account + Amount written off
= $6,000 + $10,000
= $16,000
Journal Entries
Event General Journal Debit Credit
1 Allowance for doubtful accounts $10,000
To Accounts Receivable $10,000
2 Bad debt Expense $16,000
To Allowance for doubtful accounts $16,000
Answer:
B) actual value
Explanation:
As Jeremy got influenced through advertisements and that he purchased a new phone. He expected that all the features and quality shown under the advertisement would be there.But as when he purchased the phone and started using it, it did not seem so that the phone has all the qualities.
Accordingly the actual value of the phone is lower, because Jeremy paid for the phone with the expectations of its performance to be good, but since its not the actual value is lower.
