The use of the <u>internet </u>allows bank customers the ability to complete most transactions electronically without leaving home.
<h3>What is Internet?</h3>
Internet help to transmit data or information across a network, making it possible for internet user to communicate and exchange information.
Example of internet are:
- WAN which full meaning is Wide Area Network.
- LAN which full meaning is Local Area Network.
Hence, internet play an important function as it make it possible for bank customers to complete their transactions electronically or to carryout their transaction online without having to leave their various homes.
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Answer:
d) 201.39
Explanation:
Selling price = Cost price + mark-up
in this case: $ 125.39 + $79 = 201.39
Answer:
a. Convertible, d. Noncumulative
Explanation:
The feature that it can be exchanges for common stock means that the holders of these preferred share have an option to convert their preferential holdings to common stock at and within predetermined period of time.
However since it says " the dividends in arrears are lost", it means that these preferred shares are non-cumulative. As the holder of this type of shares, you have no right to receive past dividends should the company begin to issue preferred dividends again. If the issuing company incurs losses in that year, it can choose to skip paying dividends on these convertible, non-cumulative preferred shares.
