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Anettt [7]
2 years ago
6

A certificate of deposit pays a higher interest rate than a savings account because the money is quizlet

Business
1 answer:
storchak [24]2 years ago
6 0

A certificate of deposit pays a higher interest rate than a savings account because the money is kept by banks for a longer time period.

What is the difference between a CD and a savings account?

Since CDs are term deposits, money is held in escrow for a predetermined period. Term deposits are distinct from savings accounts. Savings accounts can be topped off with the money, but once a CD is opened, it usually isn't possible.

Is a CD better than a high-yield savings account?

A high-yield savings account gives far higher liquidity if you want to use the funds as an emergency fund. With a CD, you cannot withdraw your money before it matures without paying a significant penalty. If you have to make an early withdrawal, you might have to pay interest for several months.

Learn more about certificate of deposit: brainly.com/question/13332611

#SPJ4

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For analysis purposes Jay considers his restaurant to have three revenue centers. These are the dining room, the bar and off-sit
Kay [80]

Answer:

40%

Explanation:,

In order to find the percent of Jay’s total revenue that was contributed by off site catering, you have to divide $20,000 by $50,000 to get the weight of off site catering revenue in the Jay's total revenue and multiply for 100 to get the percentage:

($20,000/$50,000)*100= 40%

7 0
3 years ago
If 7% is deducted from Matthew's annual pay of $1,771 to pay for state taxes, then how
julia-pushkina [17]

Answer:

1771x0.07=123.97$

Explanation:

4 0
3 years ago
Ryngaert Inc. recently issued noncallable bonds that mature in 15 years. They have a par value of $1,000 and an annual coupon of
tatuchka [14]

Answer:

$898.54

Explanation:

The Price of the Bonds is equal to the Present Value or Fair Value of the Bonds.

Using the Financial Calculator, Input elements will be as follows :

N = 15

pmt = $1,000 × 5.7% = $57

YTM / i = 6.8%

Fv = $1,000

Pv = ?

Pv = $898.54

The Coupon rate is lower than the market rate thus the Bonds will fetch a lower price.

5 0
3 years ago
It is generally believed that LBOs (leveraged buyouts) occur because of: managerial mistakes or self-interest. poor financial pe
erastovalidia [21]

Answer:

The correct answer is letter "A": managerial mistakes or self-interest.

Explanation:

Leveraged buyouts or LBOs carry a mixed image in the corporate world. An LBO is a way to buy a business with funds that are almost entirely lent by loans or bonds. Under certain instances, the company's properties being borrowed are used as collateral for the loans. That allows companies to make major acquisitions without investing a lot of money.

However, <em>LBOs are mostly considered managerial mistakes because of the large amount of debt the firm incurs without certainty that the combined operations of the companies will generate enough revenue for repayment and profit.</em>

8 0
3 years ago
FarCry Industries, a maker of telecommunications equipment, has 2 million shares of common stock outstanding, 1 million shares o
Ulleksa [173]

Answer:

18.52%

Explanation:

Calculation for the what would be the equity weight

Using this formula

Equity weight =E÷E+P+D

Let plug in the formula

Equity weight=$2,000,000×$27÷$2,000,000×$27+$1,000,000×$14.50+$10,000×.98×$1,000

Equity weight=$14,500,000÷$78,300,000

Equity weight=.1852×100

Equity weight=18.52%

Therefore what would be the equity weight is 18.52%

7 0
3 years ago
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