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3 years ago

Definition: This type of investment account has a specific fixed term/length, fixed interest rate, is insured

Business

1 answer:

Natali5045456 [20]3 years ago

8 0

Answer:

The answer is Certificate Of Deposit.

Explanation:

A certificate of deposit (CD) refers to a product which is usually offered by banks and credit unions and which provides an interest rate premium based on the condition that the customer agrees to leave a lump-sum deposit untouched for a particular length of time.

Almost all consumer financial institutions offer certificates of deposit, but each bank can set its own peculiar certificate of deposit terms and conditions.

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Here is some price information on Fincorp stock. Suppose first that Fincorp trades in a dealer market. Bid Asked 55.25 55.50 a.

Artemon [7]

Answer:

a. Your trade will be executed at the bid price of 55.25.

b. Your trade will be executed at the ask price of 55.50.

Explanation:

First note that:

The bid price is the highest price a buyer will pay for a security.

The ask price is the lowest price a seller will accept for a security.

Therefore, we have:

a. Suppose you have submitted an order to your broker to buy at market. At what price will your trade be executed? (Round your answer to 2 decimal places.)

Since you are the buyer, your trade will be executed at the bid price of 55.25. This is because the bid price is the highest price you as a buyer will pay for a security.

b. Suppose you have submitted an order to sell at market. At what price will your trade be executed? (Round your answer to 2 decimal places.)

Since you are the seller, your trade will be executed at the ask price of 55.50. This is beecausee the ask price is the lowest price uou as a seller will accept for a security.

7 0

3 years ago

The Steel Factory is considering a project that will produce annual cash flows of $43,800, $40,200, $46,200, and $41,800 over th

vivado [14]

Answer: 13%

Explanation:

The Internal Rate of Return is the discount rate that brings the Net Present Value to zero.

One can use Excel to solve for this;

= IRR(-127900, 43800, 40200, 46200, 41800)

= 13%

7 0

3 years ago

Supply-side economics attempts to stimulate output and lower unemployment by

yawa3891 [41]

Supply-side economics attempts to stimulate output and lower unemployment by reducing taxes to stimulate investment and consumer spending.

<h3>What is supply-side economics?</h3>

Supply-side economics is a economics theory that focuses on the supply of labour and goods. It postulates that taxes and benefits can be used as incentives to stimulate the economy.

Supply-side economics was introduced by Arthur Laffer and implemented by Pres. Ronald Reagan in the 1980s.

4 0

2 years ago

Jennifer's Bakery Shop produces baked goods in a perfectly competitive market. If Jennifer decides to produce her 100th batch of

Blizzard [7]

Answer:

To maximize her profit, Jennifer should abandon the product.

Explanation:

To maximize the profit Jennifer should keep marginal benefit as higher as she can, this could happen keeping marginal revenue higher and marginal cost lower as much as she can.

In this case marginal cost is higher than the marginal revenue, which is resulting as a marginal loss. Each extra batch being sold will add a loss of $10 ($110-$120).

Jennifer should abandon the product because it will reduce the average marginal benefit or total profit gradually.

4 0

4 years ago

Read 2 more answers

Stock Investment Transactions On September 12, 3,600 shares of Aspen Company are acquired at a price of $45.00 per share plus a

Komok [63]

Answer and Explanation:

According to the scenario, journal entries for the given data are as follows:

Journal Entries

Sep. 12 Stock investment in Aspen company A/c Dr. $162,180 (3,600×$45)+$180

To Cash A/c $162,180

( Being purchase is recorded)

Oct. 15 Cash A/c Dr. $4320 (3,600×$1.2)

To Revenue from dividend A/c $4320

( Being dividend revenue is recorded )

Nov. 10 Cash A/c Dr. $54,648 (1,440×$38)-$72

Loss due to sale of investment A/c Dr. $10,224 ($64,872 - $54,648)

To Investment in Aspen company investment A/c $64,872 (1,440× $45)+$72

( Being sale is recorded)

6 0

3 years ago