The correct answer is D) There are problems with security and privacy.
The main disadvantage of moving to e-money LOADING... or moving to a cashless society is "There are problems with security and privacy."
Technology has brought many advantages to the way people do business, facilitating transactions, bank payments, deposits, and many more functions. However, it also has risks and disadvantages. The most important risk that has already affected thousands of people is the security and privacy of data.
There have been cases such as the clients of Target supermarket that suffered from stolen information and hackers used their credit cards to make purchases. Private concerns of data uploaded on social media sites such as Faceb*ok have been used to other purposes and the President of this company had to testify members of the US Congress.
Answer:
June 23 Received a $48,000, 90-day, 8% note dated June 23 from Radon Express Co. on account.
- Dr Notes receivable 48,000
- Cr Accounts receivable 48,000
Sept. 21 The note is dishonored by Radon Express Co.
- Dr Accounts receivable 48,960
- Cr Notes receivable 48,000
- Cr Interest revenue 960
When a customer defaults on a note, the company is allowed to convert the note back to accounts receivable and charge any accrued interests. Depending on the client, the company can give them more time (by switching back the note into accounts receivable) or the company can write off the note and try to sell it to a collection company.
Oct. 21 Received the amount due on the dishonored note plus interest for 30 days at 10% on the total amount charged to Radon Express Co. on September 21.
- Dr Cash 49,368
- Cr Accounts receivable 48,960
- Cr Interest revenue 408
Answer:
$7,986
Explanation:
To calculate the equivalent annual cost for 5 year period at an interest rate of 10% per year we need to go through some minor calculations first.
DATA
Cost in first year (A) = $10,000
Decrease in cost each year after the first year (G) = $560
Interest rate = 10%
Time period = 5 years
Solution
EAC = A - G (A/G, i, n)
EAC = $9,000 - $560(A/G, 10%, 5)
EAC = $9,000 - ($560 * 1.8101)
EAC = $9,000 - $1,013.656
EAC = $7,986
Answer:
Ten pounds of chicken to trade for at least <u>40</u> pounds of vegetables but not more than<u> 50</u> pounds of vegetables
Explanation:
Vegetables Chicken Trade Off Ratio
John 40 10 4:1 (40/10) or 1:0.25 (10/40)
George 25 5 5:1 (25/5) or 1:0.20 (5/25)
John has comparative advantage in Chicken and George has comparative advantage in Veggies because :
- John's chicken opportunity cost, in veggies < George (4<5). George's veggies opportunity cost, in chicken < John (0.20<0.25).
- George is more (5X) productive in veggies than chicken, than John (4X). John is less unproductive in chicken than veggies (1/4th), compared to George (1/5th).
So, John will sell Chicken to George & George will sell veggies to John. Gains from trade are when each get trade ratio better than their their own trade off ratio.
- It implies: John gets >' 4 pounds veggies per chicken pound' and George gets > '0.20 pound chicken per veggie pound'.
- Unitary method:- '1chicken : 4veggies' = '10chickens : 40veggies' and '0.20chicken : 1veggie' = '10chickens : 50 veggies' .
Answer:
D) foreign; domestic
Explanation:
The central Bank can improve the domestic currency by using the reserves. If the domestic currency undervalued the central bank may intervene to sell the Foreign currency and purchase the domestic currency, which will increase the demand of domestic currency and increase the supply of foreign currency in the market which will improve the value of domestic currency and undervalue the foreign currency.
