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kolbaska11 [484]

3 years ago

13

tamara has $500 she is looking to save for a class trip. She wants to earn the most possible interest and will not need access t

o her money for a full year. Which type of saving accounts will be best for tamara?

1 answer:

tamaranim1 [39]3 years ago

3 0

The answer is B i hope this helps you

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What types of planning do you do in your personal life? Describe these

asambeis [7]

Answer:

Every day we perform series of activities in which few are very important while other may not be. But to perform every activity, we need to design the things systematically. We prioritize our activities as per their importance and then we take the action to make it fruitful. As per their value and importance we may develop following types of plan in our daily life;

Strategic or operational plan: Strategic or Operational Plan means an arsenal plan which tells how we can achieve the ultimate goal of our given task by creating clear and defined steps. As an operational plan, if we have an important task in our hand then we have to create step by step action which is oriented towards achievement of overall objective. Eg: If Periodical exams are due for...

4 0

3 years ago

Solaris, Inc. has 2000 shares of 5%, $10 par value, cumulative preferred stock and 50000 shares of $1 par value common stock out

lubasha [3.4K]

The annual dividend on the preferred stock is $1000 in total.

<h3><u>What is an Annual dividend?</u></h3>

An annual dividend is a payment made by an insurance firm to its policyholders each year in the insurance sector. Annual dividends are most frequently given out in combination with plans that provide long-term disability insurance and permanent life insurance.
A payment made annually to an insurance policyholder, frequently under a long-term disability or permanent life insurance policy, is known as an annual dividend.
The insurance company's income, the success of investments, and the amount of money invested all affect the dividend amount.

Annual profits may be paid as cash, used to pay for further insurance, or added to premiums to lower future total payments.

The company has 2000 shares of 5% that is: (2000*5)/100 = 100

with a par value of $10, which becomes:

100*$10 = $1000.

Know more about Annual Dividend with the help of the given link:

brainly.com/question/15871366

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3 0

2 years ago

A flower shop makes a large sale for $1,500 on June 30th. The customer is sent an invoice on July 5th, and a check is received o

Likurg_2 [28]

Answer:

June 30

Explanation:

According to the revenue recognition principle, the transaction should be recorded in the books of accounts when the sale is made. It records that revenue which is earned and the possibility of the receipt of cash should be high.

It records that when the product and services are sold to the customer and in return customer received it. Whether the payment received later but the sale is made.

So, on June 30, the revenue should be recognized.

6 0

3 years ago

Cassidy is planning to obtain a loan from her bank for $210,000 for a new home. the bank has approved cassidy’s loan at a fixed

Grace [21]

Cassidy's approximate monthly payment stands at $1420. if Cassidy lives planning to obtain a loan from her bank for $210,000 for a new home.

<h3>What is the payment monthly?</h3>

The monthly payment is the quantity paid per month to pay off the loan in the time period of the loan. When a loan is taken out it isn't only the top amount, or the original payment loaned out, that needs to be repaid, but also the good that accumulates.

<h3>What is a loan amortization schedule?</h3>

It is described as the systematic method of representing loan payments according to the time in which the principal amount and interest exist mentioned in a list manner

It is given that:

Cassidy lives planning to obtain a loan from her bank for $210,000 for a new home.
A fixed annual interest rate of 2.7% compounded monthly for 15 years.

The formula is:

$P=F_{P} (i)/1-(1+i)^{-1}$

Plug all the values in the above formula:

$P=210000(2.7/12)/1-(1+(2.7/12)^{-15*12}$

$1420.

Hence,

Cassidy's approximate monthly payment stands at $1420.

To learn more about monthly payment, refer

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4 0

1 year ago

"Columbia Corp.'s required ROI is 10%. Its West Division has revenues of $6,000,000, asset turnover of 1, and ROI of 10%. Calcul

rosijanka [135]

Answer: $600,000

Explanation:

From the question, we are informed that Columbia Corp.'s required return on investment is 10%. Its West Division has revenues of $6,000,000, asset turnover of 1, and ROI of 10%. The the West Division's operating income goes thus:

Revenue= $6,000,000

Asset turnover = 1

It should be noted that assets turnover is calculated as revenue divided by total assets. This will be:

1 = 6,000,000/total asset

Total asset = 6,000,000/1

= 6,000,000

Since return on investment is 10%,

ROI = Operating income/total assets

10% = operating income/6,000,000

0.1 = operating income/6,000,000

Operating income= 6,000,000 × 0.1

Operating Income= $600,000

7 0

3 years ago