Answer:
Assets increase by $10,000
Total stockholders' equity increases by $10,000
Explanation:
To see impact of transcation mentioned in question on asset, liability and equity lets first begin with journal entry. Journal entry is given below.
Debit New Asset 110,000
Credit Cash Asset 40,000
Credit Old Asset 60,000*
Profit on disposal 10,000
*Old asset net book value = cost - accumlated depreciation
=100,000- (4*10,000) = 60,000
So this is clear that the asset and equity will increase as result of transaction mentioned above them. There will no impact on liability.
Answer:
- A. Banks must maintain a secure network
- D. Banks must have information security policy
Explanation:
The Payment Card Industry Data Security Standards (PCI DSS) are there to make sure that companies dealing with payment cards for customers protect these customers by having a secure payment environment to prevent customer money being at risk.
First and foremost the companies should have a secure network for processing card payments and data which means no expense should be spared in maintaining this. Companies must also have an information security policy that employees must follow when dealing with customer information.
The appropriate response is a referendum. It is an immediate vote in which a whole electorate is made a request to vote on a specific proposition. This may bring about the appropriation of another law. In a few nations, it is synonymous with a plebiscite or a vote on a poll question.
Answer:
FV= $249,204.72
Explanation:
Giving the following information:
Annual deposit= $5,600
Interest rate= 11%
Number of periods= 17 years
<u>To calculate the future value, we need to use the following formula:</u>
FV= {A*[(1+i)^n-1]}/i
A= annual deposit
FV= {5,600*[(1.11^17) - 1]} / 0.11
FV= $249,204.72
Inflation, Disinflation, and Deflation are related economic terms, as inflation measures price increase, Disinflation is inflation at a slower rate, and the inflation rate in 2014 was 1.5%
<h3>What are Inflation, Disinflation, and Deflation?</h3>
Inflation is the goods and services price increase, Disinflation is the same as inflation but at a slower pace, and Deflation is a decrease in the price of goods and services.
- Inflation is measured by an increase in prices
- Disinflation occurs when inflation occurs at a slower pace in the short run. it occurred between the years 2008 and 2009.
- The inflation rate in 2014 was about 1.5% in the United States.
- In 2009 there was a decline in inflation.
Therefore, the above option aptly describes inflation, Disinflation, and Deflation.
Learn more about Inflation, Disinflation, and Deflation here:
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