Answer: AAA Corporate Bond
Explanation:
For an older customer, age 63, who is in the lowest tax bracket sho seeks an investment that will give him an income stream, the best recommendation is the AAA Corporate bond.
AAA is simply the highest rating that's assigned to a bond by major credit rating agencies. It should also be noted that they possess high creditworthiness.
Answer:
$2,000
Explanation:
The recognized gain is computed below:
Recognized gain = Received amount from the insurance company - Alex basis in car value
= $22,000 - $20,000
= $2,000
The recognized gain shows a difference between the received amount and his basis in car
The other information which is mentioned is ignored as it is not relevant for the computation part
As a business owner no I would not like that because having to pay my employees $15 a hour will make me make my items I sell more expensive and customers would not like that
The options provided are incorrect. The correct answer is given below.
Answer:
The company needs to borrow $5600 to maintain the desired ending balance of $10000
Explanation:
To calculate the amount that Southland will need to borrow, we must first calculate the ending cash balance for the month of August. The ending cash balance can be calculated as follows,
Ending balance = Opening balance + Receipts - Payments
Plugging in the values for beginning balance, receipts and payments for the month, we calculate the ending balance to be,
Ending balance = 18100 + 123000 - 136700
Ending balance = $4400
Difference between desired and ending balance = 10000 - 4400 = 5600
So, the company needs to borrow $5600 to maintain the desired ending balance of $10000