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3 years ago

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

Business

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.

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The Weber Company purchased a mining site for $1,750,000 on July 1. The company expects to mine ore for the next 10 years and an

AlladinOne [14]

Answer:

The correct solution is "$26,000".

Explanation:

The given values are:

Cost

= $1,750,000

Salvage value

= $150,000

First Year Extraction

= 6,500

Total Extraction

= 400,000

Now,

⇒ $Depletion \ Expense = (Cost - Salvage \ value)\times (\frac{First \ Year \ Extraction}{Total \ extraction} )$

On putting the values, we get

⇒ = $(1,750,000 - 150,000)\times (\frac{6,500}{400,000} )$

⇒ = $1,600,000\times 0.01625$

⇒ = $26,000$ ($)

4 0

4 years ago

Alpha Sounds Corp., an electric guitar retailer, was organized by Michele Kirby, Paul Glenn, and Gretchen Northway. The charter

snow_lady [41]

I just needed some points to figure things out i don’t do anything else

7 0

3 years ago

Shawn is planning a bus trip across town that involves three buses. Bus 1 travels between Shawn’s house and downtown, and it lea

miv72 [106K]

Answer:

least waiting time = 18 mins

Explanation:

given as per question we know that 2nd bus start 10 min early than 1st bus

and both time frequency same = 30 min

1st bus time take = 1 hr 12 mins

and 2nd bus get waiting time 30 min - (10 + 12)

that is = 8 mins

we can say time arrival time for 1st bus = 8:32 and 9:02 and 9:32

by adding 30 mins

and

departure time for 2nd bus = 8:40 and 9:10 and 9:40

same like that 3rd bus leave every hour

and

service start on hour clock , a 10 mins early is = 7:10 am and 9 am

frequency of either half or 1 hour

so 2nd bus takes = 2 hour 40 mins

so waiting time is 60 - (10 - 40) = 10 min or 10 + 30 = 40 mins

so 1st bus waiting time is 8 mins so it take least time 10 mins for 2nd bus waiting time

as that

least waiting time = 8 + 10

least waiting time = 18 mins

4 0

3 years ago

Which of these is not an example of a trade restriction?

kaheart [24]

The answer is D because Quotes, subsidies and Tariffs are trade restriction.

7 0

3 years ago

allowance,a paycheck,gifts and gains from an investment are examples of a.icome b.expences c.wealth d.philanthropy

Maksim231197 [3]

I think its D). Philanthropy means the love of mankind. In this case an allowance means you generously giving money to your child because you care about them and their happiness. a paycheck means you care for your employees, and gifts come from the heart.

4 0

3 years ago

Read 2 more answers