Answer:
The answer to this question is c.it is best to have money today, so it can be put to work sooner to make even more money.
Explanation:
The time value for money is the concept that money available at the present time is worth more than the identical sum in the future due to its potential earning capacity. This core principle of finance holds that provided money can earn interest, any amount of money is worth more the sooner it is received.
It emphasis on the fact that a dollar received today is worth more than a dollar received in the future because of some changes that may have occurred.
From the above explanation we can conclude that the answer is c.it is best to have money today, so it can be put to work sooner to make even more money.
Answer:
The correct answer is (a)-Fourth National Bank made an assignment.
Explanation:
Assignment means the transfer of any existing or future right, property or debt from one person to another.
The person who assigns the property is called "transferor" and the person to whom it is transferred is called "assignee".
Usually, the assignments are made from actionable claims such as book debts, insurance claims, etc.
Answer:
Introduction, Sales Pitch and Conclusion.
Explanation:
Answer:
$1,114.86
Explanation:
$1,000 in a 3 year CD
total amount received if CD cashed on maturity = $1,000 x (1 + 4%)³ = $1,124.86
total interest = $1,124.86 - $1,000 = $124.86
penalty = interest for 3 months = 4% x 3/12 = 1% ⇒ $1,000 x 1% = $10
total money received = principal + earned interest - penalty = $1,000 + $124.86 - $10 = $1,114.86
Answer: $3,826
Explanation:
Discount received on terms 2/10 = (Purchase value – Cost of merchandise returned) x Discount Rate
= $4,000 - $300 x 2%
= $3,700 x 2%
= $74
if the company paid the invoice within the discount period, Then the total cost of this merchandise
Total cost of merchandise = Value of merchandise purchased– Cost of merchandise returned + Transportation Costs - Amount of discount received
= $4,000 - $300 + $200 - $74
= $3,826