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3 years ago

Which of the following statements about investing is TRUE?

Business

1 answer:

Pavel [41]3 years ago

5 0

Answer:

The correct answer is b) Investing is riskier than putting money in a savings accounts.

Explanation:

Generally, companies or individuals make investments to obtain benefits in a longer-term, these monetary investments are made to increase profits.

The investments can generate profits, and also, can generate losses, one of the disadvantages of the investment being the uncertainty that the product or project in which you are investing has the desired results. Therefore, many people believe that one way of not putting their money at risk is to save money instead of investing it.

Through savings accounts the person only deposits the money, these funds will be at your disposal whenever you want, also, this money will generate interest according to the amount saved.

I hope this information can help you.

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Comparing Costs of Credit Using Three Calculation Methods. You have been pricing a compact disk player in several stores. Three

Solnce55 [7]

Answer:

Store A = 3.4521

Store B = 2.9589

Store C = 4.4384

Explanation:

Store A charges ADB method

purchase made on 5th first payment on 15th of 100

so from 5th to 15th Average daily balance =300 for 10 days

then from 15th to 4th for remaining 20 days average daily balance = 200

Average Daily Balance = (300*10+200*20)/30

Total finance charge = ADB*(APR*(Days/365))

=300*((0.18)*(10/365))+200*((0.18)*(20/365))

= 1.4795+1.9726=3.4521

Store B

Adjusted Balance Method uses adjusted balance to calculate the charges

Adjusted balance=Starting balance adjusted for credit and debit

Adjusted balance =300-100=200

Financial Charges = 200*(.18*(30/365))=2.9589

Store C

Previous Balance Method the interest is calculated on amount of balance carried from previous billing cycle

Balance Carried = 300

Charges =300*(.18*(30/365))= 4.4384

7 0

3 years ago

Read 2 more answers

Consumer wealth is defined as the total value of ______. Multiple choice question. assets minus the total value of liabilities a

Zepler [3.9K]

Answer:

Asset minus the total value liabilities

Explanation:

6 0

3 years ago

You are designing an exploratory study on couples who have polyamorous relationships (i.e., they have multiple committed relatio

victus00 [196]

Open-ended questionnaires

7 0

3 years ago

Suppose we have a bond issue currently outstanding that has 20 years left to maturity. The coupon rate is 8% And coupons are pai

cluponka [151]

Answer:

c. 10%

Explanation:

The Yield to Maturity(YTM) of the Bond is the cost of the debt. So, we need to find the YTM first.

Here i will use a Financial Calculator to enter and compute the YTM as follows :

N = 20× 2 = 40

PMT = ($1,000 × 8%) ÷ 2 = $40

PV = $828

P/YR = 2

FV = 1,000

I or YTM = ?

Thus the cost of the Bond is 10%

3 0

3 years ago

The following information pertains to Sheridan Company.

DanielleElmas [232]

Answer:

Adjusted Cash Balance at 31 August 2022 = 9654

Explanation:

Bank Reconciliation Statement at August 31, 2022

Cash Balance as per Bank August 31, $7338

Add: Deposit in Transit $3010

Deduct: Outstanding Checks ($694 )

Adjusted Cash Balance $9,654

Cash Balance as per books, August 31, $7374

Add: Receivable collected by bank $2326

Less:Bank Service Charges ($46)

Adjusted Cash Balance $9,654

5 0

2 years ago