Question

5. MT bank is a traditional bank. Since FinTech became popular in recent years, the number of customers of the MT bank declined quickly. Therefore, the CEO of the MT bank decided to invest to FinTech to improve its business. Which of the following services can be achieved after invested in FinTech?
I. Provide faster money transfer services with lower transaction cost.
II. Provide integrated personal service to manage personal bills, accounts and/or credit.
III. Provide a user-friendly payment system, such as customers can pay by using their mobile phones.
IV. Provide a faster lending system such that customers can borrow money without accessing their
creditworthiness.
A. I
B. II and III
C. I, II and III
D. II, III and IV
E. All of them.

6. Grant Mine paid $27,500 in dividends and $28,311 in interest over the past year while net working capital increased from $13,506 to $18,219. The company purchased $42,000 in net new fixed assets and had depreciation expenses of $16,805. During the year, the firm issued $30,000 in net new equity and paid off $21,000 in long-term debt. What is the amount of the cash flow from assets?

A. $21,811 B. $30,811 C. $36,189 D. $46,811 E. $51,811
7. The Dekinsons, Inc. currently has $4,000 in cash. The company owes $41,800 to suppliers for merchandise
and $21,500 to the bank for a long-term loan. Customers owe The Draiman $18,000 for their purchases. The inventory has a book value of $53,300 and an estimated market value of $61,200. If the store compiled a balance sheet as of today, what would be the book value of the current assets?
A. $46,800
B. $55,600
C. $64,700
D. $74,900 E. $75,300
8. Training Opportunities for Prison Populations (TOPP) runs a job-training program where persons exiting the prison system learn skills to transition to employment and self-sufficiency. Here, they learn carpentry skills and the organization sells their work in a retail store. Those involved earn money from the sales, and the organization supports its mission as well. Among the statements below, which ones are true?
I. Not-for-profit organizations are exempt from most forms of taxation at the various levels of a country.
II. Resource inflows of a not-for-profit organization may come from donations, grants, contracts for service,
and the sale of goods and services.
III. Most of the resource outflows fund operations and capital improvements. IV. Not-for-profit organizations are NOT allowed to earn profits.
A. I.
B. I. II.
C. I. II. III.
D. III. IV
E. I. II. III. IV

Answer 1

Ques 5. The correct answer is C "I, II and III"

The first 3 statements are benefits of using FinTech. However, Statement no. IV is incorrect as money cannot be borrowed by any person from bank without his credit worthiness being checked first.

If this were to happen, anyone can borrow any kind of amount without any checks.

**Answered the first question as per HomeworkLib policy