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4 years ago

Which type of account typically has very high liquidity, low or no interest, and low minimum balance?

1 answer:

7 0

I would say that it is a CHECKING ACCOUNT. The answer for this would be option A. This type of account can be accessed anytime which makes its liquidity very high, but on the other side, this has very low interest and the minimum balance required is also low. Hope this helps.

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Sally owns a $1,000-par zero-coupon bond that has six years of remaining a. What is the expected price of the bond at the time o

spin [16.1K]

Answer:

$647.96

Explanation:

Sue the following formula to calculate the price of the bond at the time of sale

Price of Bond = Face value of the bond / ( 1 + Market interest rate )^numbers of years

Where

Face value of bond = $1,000

Market interest rate = 7.5%

Numbers of years = 6 years

placing values in the formula

Price of Bond = $1,000 / ( 1 + 7.5% )^6

Price of Bond = $647.96

7 0

3 years ago

Stephanie, Inc. sells its product for $40. The variable costs are $18 per unit. Fixed costs are $16,000. The company is consider

Yuliya22 [10]

Answer:

It will increase

Explanation:

Before the purchase of the automated machine, break even point is computed as follows:

Sale price: $40

Less variable cost: $18

Therefore, contribution per unit = $40 - $18 = $22.

With fixed cost at $16,000, breakeven point in units = $\frac{Fixed Cost}{Contribution}$

= 16,000/22

Break even cost = 727.27 units.

With the purchase of the automated machine, break even point is computed as follows:

Sale price: $40

Less variable cost: ($18 - $2) = $16

Therefore, contribution per unit = $40 - $16 = $24.

Fixed cost = $16,000 + $5,000 = $21,000.

Breakeven point in units = 21,000/24

Break even cost = 875 units.

Therefore, breakeven point will increase as a result of the purchase of the automated machine.

4 0

3 years ago

on january 1 year 1 abc merchandising company was started the company experienced the following events during the first year of

Alik [6]

Answer: $390

Explanation:

Revenue for a merchandising business is realized when the business sells some of its goods to customers. This can either be in cash or on account which would mean that the customer did not pay cash but now owes them.

The business sold merchandise costing $350 for $390 on account so this is the amount that they will recognize as revenue.

6 0

3 years ago

Computing Straight-Line and Double-Declining-Balance Depreciation On January 2, 2016, Fischer Company purchases a machine that m

Genrish500 [490]

Answer:

Straight-line

depreciation expense for 2016 =40350

depreciation expense for 2017 =40350

Double-declining-balance

depreciation expense for 2016 =105840

depreciation expense for 2017 =63504

Explanation:

Schedule of depreciation expense per year for the machine under the two depreciation methods is attached.

Original Value=264600

Residual Value=22500

Useful life=6

Straight-line

depreciation expense = (Original Value -Residual Value)/Useful life

depreciation expense = 40350

Double-declining-balance

Depreciation rate=1/useful life *100

Depreciation rate 20,00%

Download xlsx

7 0

3 years ago

A certain country taxes the first $20,000 of an individual's income at a rate of 15%, and all income over $20,000 is taxed at 20

bekas [8.4K]

Q: A certain country taxes the first $20,000 of an individual'sincome at a rate of 15%, and all income over 20,000 is to be taxesat 20%. Find a piecewise-defined function T that specifies thetotal tax on an income of x dollars.
A: T(x) = {.15x if 0 {.20x- 1000 if x>20,000

3 0

4 years ago