1. Paying her bill late( messes up your credit score)
2. Overspending ( self-explanatory)
3. Using her credit card on unknown website( increases risk of fraud)
Answer:
(A) A wholly owned Subsidiary
Explanation:
A wholly owned subsidiary is a company that is completely owned by another company called the Parent/Holding Company. The parent company will hold all (100%) of the subsidiary's common stock.
A wholly owned subsidiary allows the parent company to diversify, manage, and possibly reduce its risk.
Some of the disadvantages of a wholly owned subsidiary include the possibility of multiple taxation, lack of business focus, and conflicting interest between subsidiaries and the parent company if not properly managed.
Answer:
$77,217
$11,289
Explanation:
Fist we will calculate the present value of $10,000 payment
A fix Payment for a specified period of time is called annuity. The discounting of these payment on a specified rate is known as present value of annuity. The value of the annuity is also determined by the present value of annuity payment.
Formula for Present value of annuity is as follow
PV of annuity = P x [ ( 1- ( 1+ r )^-n ) / r ]
Where
P = Annual payment = $10,000
r = rate of return = 10% / 2 = 5%
n = number of period = 5 years x 2 semiannual payments per year = 10 payments
PV of annuity = $10,000 x [ ( 1- ( 1+ 0.05 )^-10 ) / 0.05 ]
PV of Annuity = $77,217
Now we will use the discounting method to calculate the present value of lump sum payment of $20,000
Present value = Future value x Present value factor
PV = FV x ( 1 + r )^-n
PV = $20,000 x ( 1 + 0.1 )^-6
PV = $11,289
The answer is a group buying platform.
A group buying platform is a type of online shopping website that offers discounted prices for items that are bought by a set amount of buyers. This practice was first recorded in China, where it is called Tuán Gòu.
Many Chinese online marketplaces use this style of purchasing until now. The discounted prices are usually very significant compared to the original price.
Answer:
B. Subtract both values from balance according to books.
Explanation:
There is an option below the question ask for details
The NSF and service charges are recorded in the bank statement and to balance it should be recorded in books as well. So these two items would be deducted from the books so the book balance will be got reduced
As bank reconciliation means the balance of bank and the balance of cash should be equal and balanced
