The answer is <u>"C) Mutual funds are typically less safe than Certificates of Deposit".</u>
Mutual funds are regularly depicted as pooled speculations. At the point when a financial specialist purchases the mutual funds the cash is pooled with that of different speculators whose objectives are comparative. An expert store administrator utilizes this cash to purchase stocks, securities, or currency showcase instruments that make up the reserve's arrangement of ventures.
A certificate of deposit is a consent to store cash for a settled period with a bank that will pay you premium. You can contribute for three months, a half year, one year or five years.
Answer:
1.
c. October 31
2.
August 2
Dr. Note Receivable $6,400
Cr. Account Receivable $6,400
October 31
Dr. Cash $6,592
Cr. Note Receivable $6,400
Cr. Interest Income $192
Explanation:
1. Counting 90 days after August 2,
29 days of August
30 days of September
31 days of October
Total Days = 29 + 30 + 31 = 90 days
The last days is October 31,
2.
Note is received from the customer, to reduce the account receivable value we will credit the account receivable account and note receivable is an asset for Jun co. so, we will debit the Note receivable account to record this note.
Interest amount = $6,400 x 12% x 3/12 = $192
Answer:
Bodily Injury Liability
Explanation:
Since the accident that left Francis seriously injured was Evan's fault, the automobile Insurance policy that will cover the cost of Francis's treatment would be Bodily Injury Insurance Policy.
When a user of this Insurance policy cause a car accident that injures another person, bodily injury liability coverage helps pay for the medical expenses of the person or persons injured.
One should carry a bodily-injury coverage of at least $100,000 per person, and $300,000 per accident, and property-damage coverage of $50,000, or a minimum of $300,000 on a single-limit policy.
This goes to define Bodily injury liability as a car insurance coverage that pays for injuries a driver causes to other people, including other drivers, passengers and pedestrians. This policy covers or takes care of medical expenses and lost wages as well as legal and funeral expenses in some cases of the injured persons.
Answer:NO, he his not correct
Explanation:
The fifo and lifo method are only a method of managing stock which means the earliest stock are issued out first in FIFO and last stock are issued out first in LIFO.
Either do not have a predictable advantage over the other in determining net income.
Under normal conditions, a firm's expected ROE would probably be higher if it financed with short-term rather than with long-term debt, but using short-term debt would probably increase the firm's risk.
Option A
<u>Explanation:
</u>
In business finance, the productivity of an undertaking, also defined as net assets or asset minus debt, is a calculation of its viability with respect to equity.ROE is a calculation about how well funds are used to produce increases in profits.
Companies are able to fund themselves with stocks and bonds. A business will raise its investment value by increasing the number of debt capital compared to its equity capital. There was a misunderstanding. Then you see that the new company has a better ROE because of its financial resources as you split the net income per shareholder's capital stock.