Ask question

Ask question

All categories

3 years ago

15

In which situation would a certificate of deposit (CD) be the best banking choice

2 answers:

Gekata [30.6K]3 years ago

7 0

The answer is B. Hafsa wants a guaranteed return, and won’t need the money for several years.

anzhelika [568]3 years ago

3 0

A certificate of deposit (CD) would be the best banking choice when the interest rate is determined ahead of time and there is an assurance to get back what you put in plus interest once the CD matures. If you leave the money alone during the investment period then the bank will pay you an interest rate slightly higher than what you would have earned in a money market or checking account. Thus, all gains from certificate of deposits are taxable as income unless they are in a tax-deferred (IRA) r tax-free (Roth IRA) account.

You might be interested in

Marle Construction enters into a contract with a customer to build a warehouse for $950,000 on March 30, 2021, with a performanc

Mandarinka [93]

Answer:

The correct answer is option (B).

Explanation:

According to the scenario, computation of the given data are as follows:

As probability is not correctly given.

Let probability be:

July 31, 2021 = 65%

August 7, 2021 = 25%

August 14, 2021 = 5%

August 21, 2021 = 5%

So, We can calculate the transaction price by using following formula:

Transaction price = (Amount + Bonus) × Probability

July 31, 2018 = ($950,000 + $50,000) × 65% = $650,000

August 7, 2018 = ($950,000 + $40,000) × 25% = $247,500

August 14, 2018 = ($950,000 + $30,000) × 5% = $49,000

August 21, 2018 = ($950,000 + $20,000) × 5% = $48,500

So, Total transaction price = $650,000 + $247,500 + $49,000 + $48,500

= $995,000

5 0

3 years ago

A marketing plan should be as detailed, and therefore as complicated as possible. True False

Natalija [7]

Answer:

False

Explanation:

It should be detailed, clear and straight to the point. It doesn't have to be anything complicated.

3 0

3 years ago

Read 2 more answers

Little Book LTD has total assets of $860 000. There are 75

malfutka [58]

a)Little book LTD earning per share is $1.118 per share.

Explanation:

To calculate earning per share we will use following formula:

$\frac{net income}{weighted average shares outstanding}$

Now to find net income we will take help of asset turnover ratio : $\frac{net sales}{total asset}$

Asset turnover ratio = $\frac{x}{860000}$

$\begin{align}\frac{x}{$86000}\end{align}$ 1.5 × $860000 = x

x (net sales) = $1290000

Outstanding shares = 75000 shares

So Net Income = $1290000×.065

= $83850

Now Earning per share = $\frac{83850}{75000}$

Earning per share = $1.118

b) Market to Book Ratio will be 1.2 for Little Book LTD.

Explanation:

Market to Book Ratio = $\frac{Market Capitalization}{Total Book Value}$

Market Capitalization = $ 75000× $ 12

= $900000

So, Market To Book Ratio = $\frac{900000}{750000}$

Market To Book Ratio = 1.2

5 0

3 years ago

A key objective of the _____ was to restore public faith and trust in the securities markets battered by the stock market crash

weeeeeb [17]

It would be the Banking act of 1933; made so that banks would be unable to invest their money so that people would have more faith in them.

3 0

3 years ago

________ is the internal operation that arranges information resources to support business performance and outcomes

Shkiper50 [21]

Information management

7 0

3 years ago