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3 years ago

Match each feature with the savings account type.

Business

2 answers:

Shalnov [3]3 years ago

8 0

Answer

Basic Saving account

• Allows for ATM withdrawals

• Allows for money transfer

A Certificate of Deposit (CD)

• It offers a higher interest rate

• It has a maturity date

Explanation

The common features of saving accounts are; presence of interest rate for the savings, inclusion of bonus incentives, they contain promotional interest rates, they require minimum opening deposit, they require monthly deposits, they allow frequent withdrawals, they have ATM facility, allow for automatic salary deposit and can facilitate the linking of accounts.

A certificate of deposit(CD) is a low risk debt instrument obtained via a commercial bank, loan institutions or a saving bank.CD are advantageous because they have excellent short-to-medium term investment, offer higher rates of return than traditional money market accounts and investments are locked in at a specific rate even when rates of interest is increased.

gayaneshka [121]3 years ago

6 0

Basic savings account
-allows ATM withdrawals
-allows money transfer

CD
-offers a higher interest rate
-has a maturity date

Hope this helps!!

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Answer:

The annual payment have a better present value. It is $40,770,979 to $36,000,000.

After tax-basis we are $40,770,979 more richier

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Explanation:

we will use the NY state discount rate:

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second option:

5,000,000 x (1-40%) = 3,000,000 after-tax

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PV $40,770,979.0349

As this option is better than the upfront payment, it is better to take the annual payment.

We can determinate the real rate of return

We consider 60,000,000 upfront against 20 payment of 5,000,000 the rate will be calcualte with goal seek excel tool or trial and error manually:

$C \times \frac{1-(1+r)^{-time} }{rate} = PV\\$

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notice: that with this rate if we apply the tax rate we got the same rate:

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C 3,000,000

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3 years ago

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3 years ago

Show how the eliminating entries in part a adjust Pearl’s book balances to the correct consolidated balances. Enter Debit and Cr

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Answer:

a) JOURNAL ENTRIES

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Explanation:

BELOW IS A COMPLETE QUESTION

Upstream Intercompany Building Transactions

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