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4 years ago

What is the most likely option an individual might research if saving for a short term goal

2 answers:

3 0

For short term financial goals, it would be best to put the money in an investment that earns the highest interest while still remaining liquid (aka easy to withdraw your money when you want). In this case some good options would be a high-interest earning savings or money market account.

For short term goals you want to avoid investments that require you to tie your money up for long periods of time like bonds or certificates of deposit.

kenny6666 [7]4 years ago

3 0

the answer is D. Interest-bearing checking account

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The statement that reports net income or loss for a certain period in time is the

Mars2501 [29]

Answer:

The correct answer is: Income statement.

Explanation:

The Income Statement is a report that measures a company's financial performance over a specific accounting period. This statement is also known as the Profit and Loss Statement and Earnings Statement. The Income Statement shows a company's revenues, expenses, net profit, and net loss from both operating and non-operating activities.

8 0

3 years ago

Midwest Fabricators Inc. is considering an investment in equipment that will replace direct labor. The equipment has a cost of $

Ne4ueva [31]

Answer:

Average rate of return = 14 %

Explanation:

Average rate of return = Annual average return/ Average Investment

Average investment =( Initial investment + scrap value)/2

Average investment = 138,000 + 12,000/2 =75,000

Average annual return = Savings in cost - energy cost - depreciation

Depreciation = (initial cost - scrap value)/2= (138,000 - 12,000)/2= 12600

Average annual return = 29,780-6,680-12600= 10500

Average rate of return = 10,500/75,000 × 100= 14 %

Average rate of return = 14 %

6 0

3 years ago

Part 1 Household consumption, which accounts for about _______% of the economy, grew at a 4.2% annualized rate during the second

kykrilka [37]

Answer:

1) Household consumption, which accounts for about 68%* of the economy, grew at a 4.2% annualized rate during the second quarter of 2016.

*Data obtained from federal government sources.

2) Since household/consumer spending (consumption) represents almost 70% of the nation's GDP, any change will cause a major change in the total GDP. E.g. if consumption increases by 5%, then the whole economy will grow by 5% x 68% = 3.4%.

3 0

3 years ago

Beckronski Company has the following information available for the month of March: Units Transferred- in Costs Direct Material

storchak [24]

Answer:

Direct Material Equivalent Unit Weighted Average Cost Method= 240+ 400- 400= 240

Units Cost for Direct Materials= $52,000 /230= $ 226.086

Explanation:

Beckronski Company

Units Transferred- in Costs

Direct Mat Conversion Costs WIP inventory

March 1 240 $33,600 0 $18,000

Percent complete 100% 0% 62.5%

Equivalent Units 240 - 150

Transferred in

March 400

Equivalent Units 400 400 400

Mar 31 WIP inventory, 200

*Percent complete 100% 0% 80%

Equivalent Units 400 - 320

Weighted Average Cost Method = Beg. Inv Equiv. Units + Units Transferred in Less Ending Inventory Equivalent Units

Direct Material Equivalent Unit Weighted Average Cost Method= 240+ 400- 400= 240

Conversion Costs Equivalent Unit Weighted Average Cost Method=

0+ 400-0= 400

Work In Process Equivalent Unit Weighted Average Cost Method=

150+ 400-320= 230

Costs added in March $52,000 $13,200 $48,600

Units Cost for Direct Materials= $52,000 /230= $ 226.086

4 0

3 years ago

Assume that the short-run cost and demand data given in the tables below confront a monopolistic competitor selling a given prod

REY [17]

Profit is maximized when Q = 4 and P = $40, with maximum profit = $90.

Explanation:

(a) (i) Marginal cost (MC) = Change in Total cost (TC) by Change in output (Q)

(ii) Total revenue (TR) = Price (P) into Q

(iii) Marginal revenue (MR) = Change in TR by Change in Q

(iv) Profit = TR - TC

Therefore:

Q TC MC P TR MR PROFIT

0 25 60 0 -25

1 40 15 55 55 55 15

2 45 5 50 100 45 55

3 55 10 45 135 35 80

4 70 15 40 160 25 90

5 90 20 35 175 15 85

6 115 25 30 180 5 65

7 145 30 25 175 -5 30

8 180 35 20 160 -15 -20

9 220 40 15 135 -25 -85

10 265 45 10 100 -35 -165

When Q = 4, MR = $25 and MC = $15, so MR > MC. When Q = 5, MR = $15 and MC = $20, so MR < MC. Therefore,

Profit is maximized when Q = 4 and P = $40, with maximum profit = $90.

(b) In the long run, new firms will enter the market by being attracted by positive short run profit. Therefore in long run, demand for individual firm will decrease, price for individual firm will decrease and profit will decrease until each existing firm earns zero economic profit.

4 0

3 years ago