Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Mar 14, 2024

Explain electronic payment payment concept and 3 different methods in use.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Electronic payment refers to any form of financial transaction that is conducted electronically without the need for physical currency or checks It in... blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Accounting Texts and Cases

Authors: Robert Anthony, David Hawkins, Kenneth Merchant

13th edition

1259097129, 978-0073379593, 007337959X, 978-1259097126

More Books

Students also viewed these Banking questions

Question

★★★★★

THIRD AVENUE SOFTWARE HEALTH-CARE APP PROJECT This case is new for the ninth edition of Information Technology Project Management . The case provides an opportunity to apply agile and Scrum...

Answered: 1 week ago

Question

★★★★★

Describe, in outline, each of the implicit surface, NURBS surface, and constructive solid geometry methods for defining three-dimensional shapes. (b) Compare and contrast the three methods. (a)...

Answered: 1 week ago

Question

★★★★★

Q1. You have identified a market opportunity for home media players that would cater for older members of the population. Many older people have difficulty in understanding the operating principles...

Answered: 1 week ago

Question

★★★★★

1. a. b. C. d. e. MULTIPLE CHOICE The ratio percentage of earnings retained is the same as that termed: dividend yield dividend payout 2. a. b. C. d. e. UIBS C. d. e. 4. a. b. C. d. e. Class Work 1...

Answered: 1 week ago

Question

★★★★★

Using the data from exercise 23, estimate (a) a linear trend model with seasonal dummies, and (b) an exponential trend model with seasonal dummies. Which of the two models has a lower MSE and MAD?...

Answered: 1 week ago

Question

★★★★★

Many consumer goods companies have recently been experimenting with the possibilities of a customized target marketing strategy. What are the advantages and limitations of such a strategy?

Answered: 1 week ago

Question

★★★★★

=+a) Create an X chart based on the calibration data statistics for these 24 hourly samples.

Answered: 1 week ago

Question

★★★★★

What are some positive and negative reinforcements that you have experienced either at school or work? How did these affect your behavior?

Answered: 1 week ago

Question

★★★★★

A credit entry: Select one: a. Increases asset and expense accounts, and decreases liability, owner's capital, and revenue accounts. b. Is always a decrease in an account. c. Decreases asset and...

Answered: 1 week ago

Question

★★★★★

Bright Sparks Electrical - Bank Register Report: Now that you have completed the journals for the month, you need to prepare the Bank Register Report in the template below. Not all general journals...

Answered: 1 week ago

Question

★★★★★

are portfolio return, portfolio variance and portfolio Std can determine risk-adjusted return? and which one I should consider to determine risk? Weight ER Std Corr Portfolio 1 CBA BHP 0.5 0.00614...

Answered: 1 week ago

Question

★★★★★

Suppose the accompanying data are from a paper on a community of Antarctic penguins. They represent the body mass (in grams) for a sample of 10 female chinstrap penguins. 3,350 3,250 3,800 3,550...

Answered: 1 week ago

Question

★★★★★

In the mass production of engine blocks for a single cylinder, the tolerance in the diameter (D) of the cylinders is normally distributed. The average diameter of the cylinders has been measured to...

Answered: 1 week ago

Question

★★★★★

The average weight of a particular box of crackers is 24.5 ounces with a standard deviation of 0.8 ounce. The weights of the boxes are normally distributed. a. What percent of the boxes weigh more...

Answered: 1 week ago

Question

★★★★★

Cain Company reports net cash provided by operating activities of $33,000. It also reports the following information under "Adjustments to reconcile net income to net cash provided by operating...

Answered: 1 week ago

Question

★★★★★

The following data represent the monthly phone use, in minutes, of a customer enrolled in a fraud prevention program for the past 20 months. The phone company decides to use the upper fence as the...

Answered: 1 week ago

Question

★★★★★

A corporation has 62, 752 shares of $22 par value stock outstanding that has a current market value of $350. If the corporation issues a 4-for-1 stock split, what amount approximately will the market...

Answered: 1 week ago

Question

★★★★★

Time Travel Publishing was recently organized. The company issued common stock to an attorney who provided legal services worth $25,000 to help organize the corporation. Time Travel also issued...

Answered: 1 week ago

Question

★★★★★

Unisonic Company had sales revenues for the year of $1,750. Average working capital; property, plant, and equipment; and shareholders' equity were $250, $525, and $1,500, respectively. (All figures...

Answered: 1 week ago

Question

★★★★★

Because an earlier visit with the accounting instructor [see Case 5-3, Joan Holtz (A)] had cleared up some puzzling matters, Joan Holtz decided to prepare a new list of problems as a basis for a...

Answered: 1 week ago

Question

★★★★★

Tran Company makes two radio models, Y and Z. They are both manufactured totally in two departments: A, which has a total capacity of 240 labor-hours per week; and B, which has a capacity of 480...

Answered: 1 week ago

Question

★★★★★

Louiselle purchased a motor home for $9000 down, with the balance to be paid by 60 monthly payments of $1176.40 including interest at 6% compounded monthly. a. What was the purchase price of the...

Answered: 1 week ago

Question

★★★★★

Assume that your client invests $1000 at the end of each of the next three years. The investments earn 8% compounded annually. What is the future value at the end of the three years?

Answered: 1 week ago

Question

★★★★★

Calculate and rank the equivalent values eight years from now of the following cash flow streams: (i) A single payment of $5000 today. (ii) An ordinary annuity starting today with eight annual...

Answered: 1 week ago

Previous Question Next Question