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Mandarinka [93]
3 years ago
15

A customer has just received a $100,000 inheritance and wants to know what to do with the money until he decides how to use it.

He thinks that he will make his decisions on what to do with the funds within 3 months. The BEST recommendation is for the customer to buy:"_______
a. Treasury Bills
b. Treasury Notes
c. Investment Grade Preferred Stock
d. Certificates of Deposit
Business
1 answer:
Umnica [9.8K]3 years ago
7 0

Answer:

The answer is A. Treasury Bills

Explanation:

Treasury bills (T bills) are short-term security(debt security) backed by the national government. The maturity period is always less than a year or a year at maximum.

Since the customer's horizon is 3 months, he should walk up to his bank and buy treasury bills. It is always risk free.

Tbills is usually sold at discount to par value i.e the purchase price is less than the face value(value at maturity) of the bill.

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Why is the primary sector important to the South African economy?​
Fynjy0 [20]

Answer:

However, the economy has been characterised by a structural shift in output over the past four decades.

Since the early 1990s, economic growth has been driven mainly by the tertiary sector – which includes wholesale and retail trade, tourism and communications. Now South Africa is moving towards becoming a knowledge-based economy, with a greater focus on technology, e-commerce and financial and other services.

Among the key sectors that contribute to the gross domestic product and keep the economic engine running are manufacturing, retail, financial services, communications, mining, agriculture and tourism.

Explanation:

South Africa’s economy has traditionally been in the primary sectors – the result of a wealth of mineral resources and favourable agricultural conditions.

4 0
2 years ago
Outstanding stock of the Abel Corporation included 20,000 shares of $5 par common stock and 10,000 shares of 5%, $10 par noncumu
grigory [225]

Answer:

So, in 2010, out of the dividends of $12000, $5000 was distributed to preferred stockholders.

Explanation:

A non cumulative preferred stock is a kind of stock that has a preference in terms of dividend payment over ordinary/common stock. This means that the dividend on the preferred stock is paid first and any remaining amount after dividend payment to this stock is distributable among common stockholders. Furthermore, in case dividends are not paid in a particular year, that year's dividends are not payable in future in case the stock is a non cumulative one. So, the dividends paid to non cumulative preferred stock in 2010 will be,

Dividend per year - Preferred stock = 10000 * 10 * 0.05 = $5000

So, in 2010, out of the dividends of $12000, $5000 was distributed to preferred stockholders.

5 0
3 years ago
A person needing help in planning a retirement program, setting aside educational funds, and deciding where and how much to inve
adoni [48]
All of the Above organizations provide that service. (D)
4 0
3 years ago
Read 2 more answers
Sage Hill Inc.’s bank statement from Main Street Bank at August 31, 2022, gives the following information.
SVEN [57.7K]

Answer:

31-Aug-22

Dr Bank Account 60

Cr Interest Received for the month of Aug22 60

31-Aug-22

Dr Sundry Creditors 360

Cr Bank Account 360

31-Aug-22

Dr Bank Charges Dr 105

Cr Bank Account Cr 105

Explanation:

Preparation of the adjusting entries to be made by Sage Hill Inc. at August 31

31-Aug-22

Dr Bank Account 60

Cr Interest Received for the month of Aug22 60

(To record Interest earned)

31-Aug-22

Dr Sundry Creditors 360

Cr Bank Account 360

($400-40)

(To correct error in recording check)

31-Aug-22

Dr Bank Charges Dr 105

Cr Bank Account Cr 105

($65+40)

(To record service charge and safety deposit box fee)

5 0
3 years ago
Convenience products are Answers:
nexus9112 [7]

Answer:

c. relatively inexpensive, frequently purchased items for which buyers exert only minimal purchasing effort.

Explanation:

Convenience products refer to goods that people buy all the time and without planning or comparing products. These poducts tend to have a low price and are found in many places. Examples of these products are sugar, oil and detergents. According to this, the answer is that convenience products are relatively inexpensive, frequently purchased items for which buyers exert only minimal purchasing effort.

8 0
3 years ago
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