1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
ipn [44]
3 years ago
10

Suppose you've just inherited $10,000 from a relative. you're trying to decide whether to put the $10,000 in a non-interest-bear

ing account so that you can use it whenever you want (that is, hold it as money or to use it to buy a u.s. treasury bond.
Business
1 answer:
NeTakaya3 years ago
6 0
Since the purpose is put the money aside that anytime you can get it and spend it on anything you want to buy, the best answer from the choices is  "HOLD IT AS A MONEY". 

You can choice U.S treasury fund because only after 10 years you can get the money with fixed interest.
You might be interested in
Myriad Solutions, Inc. issued 12% bonds, dated January 1, with a face amount of $420 million on January 1, 2021, for $375,505,45
faust18 [17]

Calculation

Period   Cash Interest   Bond Interest    Discount     Carrying  

 End          paid            Expense         Amortization     Value

 01-Jan-21                                                            $375,505,452            

30-Jun-21 $25,200,000 $26,285,38 $1,085,382 $376,590,834

1-Dec-21 $25,200,000   $26,361,358  $1,161,358  $377,752,192

Total    $50,400,000     $52,646,740

3 0
3 years ago
Read 2 more answers
Suppose your company needs $43 million to build a new assembly line. Your target debt-equity ratio is .65. The flotation cost fo
elena-14-01-66 [18.8K]

Answer: See explanation

Explanation:

Debt = 0.65

Weight = 39.39%

Cost for debt = 2%

Product = 39.39% × 2%

= 0.3939 × 0.02

= 0.007878

Equity = 1.00

Weight = 60.61%

Cost for equity = 6%

Product = 60.61% × 6%

= 0.6061 × 0.06

= 0.036366

Weighted average floatation cost:

= 0.007878 + 0.036366

= 0.044244

= 4.42%

The true cost of the building will then be:

= Funds needed / (1 - Floatation cost)

= $43,000,000 / (1 - 0.044244)

= $43,000,000 / 0.955756

= $44,990,562

6 0
3 years ago
The checkbook balance of Lester Co. was $922.55. The bank statement revealed a balance of $3,881.14. The bank statement showed i
storchak [24]

Answer:

The reconciled balance is 7,294.14

Explanation:

bank statement      3,881.14

deposit in transit   9,555.88

oustanding check<u> (6,142.88)  </u>

bank statment        7.294,14

From the bank accout we deduct the outstanding check and increase by the deposit in transit.

accounting        922.55

interst                   77

service charge    (38.22)

note collected  6,815.00

check              <u>   (482. 19)  </u>

accounting      7.294,14‬

From the accounting we adjust for the transaciton which aren't know by the company:

the interest and service charge, the note colected and we also adjsut for mistake like the check not deducted.

in both we must reach the same final answer.

4 0
3 years ago
ABC Services reported the following transactions for September, 2013. A) The owner opened the business with a capital contributi
NemiM [27]

Answer:

ABC Services

The total liabilities at the end of September, 2013

= $9,000

Explanation:

a) Data and Calculations:

Capital contribution = $23,500

Equipment = $11,500

Cash payment for equipment = $2,500

Note payable on equipment = $9,000

Insurance expense paid = $1,350

Utility expense paid = $980

Rent paid = $2,000

Sales = $12,000

Cash Sales = $7,200 (60% of $12,000)

Credit Sales = $4,800 (40% of $12,000)

Office furniture paid = $9,700

Therefore, total liabilities at the end of September, 2013 = $9,000.  This represents the note payable for the office equipment purchased in B.

8 0
3 years ago
A music venue offers all of its customers a 40 percent discount on concert tickets for regional bands. It also offers an additio
12345 [234]

Answer:

2 tickets

Explanation:

the cost of membership is $25.

Cost of a ticket is $25

All cost get a 40 % dicsount

membersships earns a further 10% discount

total discount ofr membership eqauls 50%( 40+10)

There fore a member pays $ 12.5 { (50/100) $ 25) } for ticket

To get back cost of membership which is $25, a member need to buy 2 tricke { $25/12.5}

8 0
3 years ago
Other questions:
  • Kimble Electronics issued its 6%, 20-year bonds payable at a price of $855,000 (face value is $900,000). The company uses the st
    5·1 answer
  • In a market economy the factors of production are allocated by
    11·1 answer
  • Procter &amp; Gamble reported the following information for its fiscal year end: On net sales of $57.690 billion, the company ea
    15·1 answer
  • Dean, the president of Billing &amp; Credit Company, promises to pay his employee Ewing, who is dangerously obese, $10 for every
    5·1 answer
  • 1. (20 pts) The dome of the state capital building needs to be replaced and two options are being considered which use different
    5·1 answer
  • Is United States currency officially "backed" today?
    6·1 answer
  • In late December you​ decide, for tax​ purposes, to sell a losing position that you hold in​ Twitter, which is listed on t
    12·1 answer
  • Pollution Busters Inc. is considering a purchase of 10 additional carbon sequesters for $100,000 apiece. The sequesters last for
    15·1 answer
  • The physical units method of joint cost allocation allocates costs based on a.the estimated selling price of the various finishe
    11·1 answer
  • The definition of ______ ______ states: highest level of management, consisting of the president and other key company executive
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!