Certificates of deposit that require the depositor to commit to leaving their funds in the bank for a certain period of time, in exchange for a higher rate of interest are also called time deposits Bonds.
- An account designated as a time deposit is one that the depositor has agreed to keep in the bank for a specific amount of time in exchange for a greater interest rate.
- A time deposit, sometimes known as a term deposit, is a fixed-term interest-bearing bank account.
- In comparison to a typical savings account, it enables depositors to grow their money at higher interest rates.
- Depositors have two options after the term is up: they can either withdraw their money or renew it and hold it for another term.
<h3>What is a CD certificate?</h3>
- A certificate of deposit (CD) is a type of savings account where the issuing bank pays interest in exchange for holding a specified sum of money for a predetermined length of time, such as six months, a year, or five years.
- When you cash in or redeem your CD, you receive the money you originally invested plus any interest.
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Answer:
C. $77,000
Explanation:
Calculation for the amount of liabilities
Using this formula
Amount of liabilities=(Cash+Account receivable +Equipment) -Equity
Let plug in the formula
Amount of liabilities=($39,000+$45,000+$80,000)-$87,000
Amount of liabilities=$164,000-$87,000
Amount of liabilities=$77,000
Therefore the Amount of liabilities will be $77,000
Answer:
The correct answer is "Continue producing 1000 units"
Explanation:
(In a perfect market)
When the price is = marginal cost. This means that if you increase your production, the benefits-profits will be the same as if you produce the same quantity.
When the Price > Marginal cost, means that consumers demand more for that good, so the producer has an incentive to increase the supply
When the Price < Marginal cost, means that production is higher than the consumer's demand. This is an incentive to decrease the supply.
For this case, the best option is to continue producing the same quantity of units, 1000 units
Rent, expenses made by office, telephone expenses, administrative salaries are the items that fall under indirect cost.
Explanation:
Indirect costs are those cost which are not accountable directly. Indirect cost can be either variable or fixed. Indirect cost are also known as overhead expenses.
Rent can act as both direct as well as indirect cost. If rent is given for the plant as well as machinery for a company which is use by manufacturing units directly fall under direct cost but in other way when the rent is given for various official purposes it will fall under indirect cost.
Answer:
20,500
Explanation:
The minimum price at split off is the benefit of further processing less the cost of this processing.
product X further process sales value: 35,000
cost of further processing: (15,000)
minimum accepted price at split-off point: 20,500
The reasoning is as follow: the company will sale at leat to break even.
so the product at split off will be sold at cost.
to get 35,500 worth of goods we must add up to 15,000 dollars
so the initial cost is 35,500 - 15,000 = 20,500
