An account option which features a note that is issued by a bank to a depositor for funds placed for a set period of time is; A. certificate of deposit.
<h3>What is a certificate of deposit (CD)?</h3>
A certificate of deposit (CD) can be defined as a secured form of time-bound deposit and a special low-risk savings account that is typically issued by a financial institution (bank) to its customers, wherein an amount of money (lump-sum) are left with the bank for a specific period of time, in exchange for an interest rate premium.
This ultimately implies that, a certificate of deposit (CD) pays a higher interest rate to its holder than other regular savings account because banks usually invest this money (lump-sum) in a business, so as to make profit.
Additionally, a bank's certificate of deposit (CD) is protected and insured by the Federal Deposit Insurance Corporation (FDIC) for up to $250,000, so it's somewhat safer than other investment options.
In this context, we can reasonably infer and logically deduce that a savings account option which features a note that is issued by a financial institution (bank) to a depositor for funds that are placed for a set period of time is referred to as a certificate of deposit.
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Answer:
D) $4,550
Explanation:
Contribution margin = Net Sales - Total Variable cost
Net sales $6,000
Les: Variable costs:
Cost of merchandise sold $1,000
Operating expenses <u> $450 </u>
Contribution Margin $4,550
All other costs are fixed cost which are not used in contribution margin calculation.
So the correct answer is D) $4,550.
To correct avoid high unemployment, one of the measures done by the architects of Bretton woods is to agree on building a limited flexibility into the fixed exchange rate system. In addition, it was stated in the argument that the rules and regulations of the monetary management between the U.S., Canada, Western Europe, Australia, and Japan must be systematically established.
Answer:
C) The company followed a low inventory system.
Explanation:
As the product was new, the correct estimate of expected sales could not be made, and with high demand and hype in the market the company, there was a high demand of the product.
This certainly led to stock out, and not meeting the customers needs.
Accordingly the reputation in market degraded.
This is because of low performance, because of shortage of inventory.
Therefore, the correct option is:
Poor Inventory system, which led to poor performance.
The question was based on https://www.longbranch.k12.nj.us/cms/lib/NJ01001766/Centricity/Domain/661/Codys_Statement_of_Financi....
If we would divide the given facts into assets and liabilities the answer is poor. He went below because of his spendings.
Assets Liabilities
TV- 250 student loan 2600
Mp3 Player 200 credit card 1 850 Laptop 750 credit card 2 1200 Game system 250 loan from parents 200 watch 200 truck 3200 Checking Account 560 Savings Account 1 945 Savings Account 2 3400 TOTAL $ 6555 TOTAL $8050 LOSS $-1495
