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Llana [10]
3 years ago
14

Checkable deposits are classified as money because:

Business
1 answer:
worty [1.4K]3 years ago
8 0

Checkable deposits are classified as money because , They can be readily used in purchasing goods and paying debts.Choice( A)

Explanation:

Any demand deposit account against which, one can write a check or a draft is called checkable deposit. It is mainly used when a person has to withdraw money, at a short notice and he can do so, without giving any prior notice to the bank.

These deposits help in immediate access to cash. As these deposits are available easily , they are considered to be assets. .

Its an asset for the person who withdraws, as he can withdraw anytime without notice. It is a liability to the bank as the bank has to pay it, whenever the customer asks for it.

As these checkable deposits are easily available, they can be readily used in purchasing goods and paying debts.

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Suppose a riskless project requires an initial investment of $10 and will generate a one-time cash inflow of $30 two years later
Evgesh-ka [11]

Answer:

D. The payback period is less than 2 years.

Explanation:

Discount rate                 5%  

                                        0      1          2

intital investment        -10  

cash flow                       0        30

Total cash flow         -10      0        30

NPV                        17.21  

IRR                                 73%  

Therefore, The NPV is 17.21 and is positive, the statement is True.

IRR > 50%, Therefore the statement made is True

Accounting rate of return = {[(30 - 10)/10]^(1/2)} - 1

                                           = 41% > 0

Therefore, The statement made is true.

Payback period = 2 years, Therefore the statement made is NOT true.

7 0
3 years ago
Last winter, your service fraternity volunteered at an elementary school in a lower income neighborhood in your city. You notice
sesenic [268]

Answer:

A) Persistent.

C) Hard-working.

D) Creative.

Explanation:

In the given situation, it is mentioned that an individual wants to start a business that deals in hats and mittens so the needs of the children could be fulfilled. But for that,  we need to find out a cofounder that should be have following traits and characteristics

a. Persistent: The person should be trying his best o achieve it rather than escape from it

b. he should be hardworking so that every child's need could be fulfillled

c. He should be creative or we can say who bring innovative ideas to the firm so that the people get attracted to the company products so that the sale of the firm could rise up

6 0
3 years ago
An investor holds a 6% callable bond purchased at 105. If the issuer calls the bond before maturity, the yield to call (YTC) rea
myrzilka [38]

Answer: less than the coupon

Explanation:

When a bond that is bought at a premium of 205 is called before the bond matures by the issuer, this implies that the accelerated premium loss will have to be reflected in calculated yield to maturity.

It should also be noted that the YTC is the lowest among the yields for the premium bonds. Therefore, if the issuer calls the bond before maturity, the yield to call (YTC) realized by the investor would be less than the coupon.

Option B is correct.

7 0
3 years ago
You have just created the "perfect" ad. It communicates the full mix of benefits upon which the brand is differentiated and posi
Mademuasel [1]

Answer:

A) its value proposition

Explanation:

A good brand value proposition should state all the benefits of your product or service since it is the promise that your brand (or company) is delivering to  potential or current customers in order for them to purchase your product or service instead of the competition's.

4 0
3 years ago
A corporate dissolution: a. cannot result from an agreement. b. results when a corporation does not hold an annual meeting. c. c
kogti [31]

Answer:

The correct answer is (C)

Explanation:

Corporate dissolution is a termination of cooperation that results after a complete consent of the board of directors.  Likewise, a corporate dissolution is a serious step that can begin with a board resolution. If the board of directors are on one page then it becomes easier to dissolve cooperation. It can only be done by a vote to approve the resolution by the board of directors and shareholders.

7 0
2 years ago
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