Chapter 7, Problem 1AIP

CASE SUMMARY: Retailers commonly track customer's shopping patterns and target them with special offers. For example, PTS an Extra care card that, when swiped at checkout applies discounts to purchases and provides rebates called Extra Bucks to be used as cash on future purchases. Behind the scenes, PTS has gathers data on customer’s purchases and using aggregated data to target individuals with special offers. Customers who have not recently shopped may receive a discount in the mail or an online offer to incentive them to return.  Questions Identify the existing ethical dilemma for companies collecting data including personally identifying data on their customers. What is your personal recommendation on what actions companies should take with regard to data collection activities?

Can you help me with these practice question with quickbooks please    To begin connecting bank accounts from the Dashboard, which tab would you start with?   A. The Business Overview tab   B. Link Accounts   C. REview Transactions   D. Categorize   You are reviewing downloaded bank and credit card transactions.  Which action is NOT true:   A. ADD - records the transaction in your register   B. MATCH - records the transaction in your register   C. SPLIT - allows you to choose more than one category for a transaction   D. VIEW - shows you the transactions that are possible matches

Customized SoftwareCustomized Software, a software company (the “Company”), is contracted by a bank (the“Bank”) to provide a customized online platform for the Bank’s mortgage loan applications (the“Loan Platform”). Bank customers use the Loan Platform to complete online mortgageapplications, which involves inputting relevant information (e.g., name, address, employment,income, assets) and uploading supporting documents (e.g., tax returns, bank statements). TheLoan Platform enables both the Bank and the applicants to retrieve necessary information anddocuments as well as track the status of the lending process in real time.To develop the Loan Platform, the Company significantly modifies and customizes itsproprietary loan application software to work with the existing systems used by the Bank’scredit, customer service, and accounting departments. To create a Loan Platform that meets theBank’s specifications, the Company is contractually required to perform the following specificsoftware…

When matching bank or credit card downloaded transactions to a transaction already recorded in QuickBooks Online, what are the possible actions that appear in the Action column?

RBCC ltd a local commercial bank that wants to venture into the credit card market. However, their research has shown that potential customers demand a fast turnaround time. In addition to its access to the external credit information agencies, the bank would like to design their own in-house credit scoring system. The bank will use a minimum score of 900 for its automatic credit card approval. The interest rate given to customers will range from 43% -49% with those achieving minimum score getting the highest rate, while those achieving a high score getting a more favorable rate.   Required   You have now been tasked with designing this credit scoring system based on the usual customer characteristics or variables that are evaluated when assessing a loan application for an individual or small business. Each characteristic or variable should be assigned a maximum score of 250. Your system should contain a minimum of five characteristics. Use an individual case, with a recommended…

What are the step(s) when using the Sales with Payment customer workflow?   A. Create sales receipts deposited to the Undeposited Funds account > Create Bank Deposit B. Create Sales Receipt deposited to the checking account C. Create Bank Deposit D. Create Invoice > Receive Payment deposited to the Undeposited Funds account > Create Bank Deposit

How do you record a debit card purchase in Quickbooks? A. Use the Enter Bills window to enter the information, then immediately go to the Pay Bills window and prepare th check. B. Prepare a journal entry to debit the expense account of the purchase and credit cash. C. Wait until you do the bank reconciliation and enter one journal entry for all of your debit card purchases. D. Using the Write Checks window, in the No. field,type “Debit.” Enter the vendor name and amount in the check area.

how can using a mix of Accounts Receivable, Notes Receivable and accepting Credit Cards can benefit your business

Which of the following credit checks would be considered a soft check? A. Vehicle loan application B. job application C. student loan application D. Credit card application   I don't need explanation just the answer :)