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Sholpan [36]
3 years ago
5

Gwen deposits $5,000 with Home Bank on July 1, 2018. Home Bank promises to repay Gwen the $5,000 plus 1 percent annual interest

on July 1, 2023. Home Bank has issued Gwen
a. ​a certificate of deposit.
b. ​a check.
c. ​a nonnegotiable instrument.
d. ​a trade acceptance
Business
2 answers:
Allisa [31]3 years ago
7 0

Answer:

certificate of deposit

Explanation:

A certificate of deposit (CD) is a financial instrument sold by banks

The bank gives this CD to Gwen. She cannot withdraw the cash until July 1, 2023

The certificate of deposit are risk-free investment. The difference with savings account is that a certificate of deposit has a fixed term and fixed interest rate and it is create with the idea of holding the title until maturity. Not doing so, may inccur in penalties so a portion of the interest will be negate.

As this is a financial instrument, the bank issued a title to the investor to recognize his investment.

nirvana33 [79]3 years ago
3 0

Answer:

a. ​a certificate of deposit.

Explanation:

Gwen deposits $5,000 with Home Bank on July 1, 2018. Home Bank promises to repay Gwen the $5,000 plus 1 percent annual interest on July 1, 2023. Home Bank has issued Gwen ​a certificate of deposit.

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Warner Company purchases $50,100 of raw materials on account, and it incurs $62,800 of factory labor costs. Supporting records s
a_sh-v [17]

Answer:

[Debit] Work In Process : Assembly Department $47,064

[Debit] Work In Process : Finishing Department $19,504

[Credit] Overheads $66,568

Explanation:

Note that overheads are assigned to departments on the basis of 160% of labor costs. Thus, our first point of call is to determine the labor cost for the respective departments. After that we then apply the 160 % to arrive at the Overheads assigned to that department

Step 1

Determine Departmental Labor Cost

Total Labor Costs         =   $62,800

Assembly Department = ( $44,400)

Finishing Department  =    $18,400

Step 2

Determine Overhead Cost for the Departments

Assembly Department ( $44,400 × 160 %) = $47,064

Finishing Department  ( $18,400 × 160 %)  = $19,504

Step 3

Journalize

<em>Debit</em> the Work In Process Account for the respective department and <em>Credit</em> the Overheads Account as above.

5 0
3 years ago
If a $1,000 increase in income leads to an $800 increase in consumption expenditures, then the marginal propensity to consume is
sp2606 [1]

If a $1,000 increase in income leads to an $800 increase in consumption expenditures, then marginal propensity to consume is 0.8.

Given that a $1,000 increase in income leads to an $800 increase in consumption expenditures.

We are required to find the marginal propensity to consume.

Marginal propensity to consume is the ratio of increase in consumption and the increase in income. It is also known as MPC.

MPC=ΔC/ΔI

ΔC=Change in consumption

ΔI= Change in income.

MPC=800/1000

=0.8

Hence if a $1,000 increase in income leads to an $800 increase in consumption expenditures, then marginal propensity to consume is 0.8.

Learn more about marginal propensity to consume at brainly.com/question/17930875

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4 0
2 years ago
Read 2 more answers
Maxine knows the students will be disappointed that her textbook is out of stock, but she needs to get them information about th
Nana76 [90]

Answer:

The correct answer is C

Explanation:

Maxine got to know that the textbooks, are out of stock, which will disappoint the students, if they get to know, but she has to get the information regarding the orders.

So, she could start or begin his mail, by saying or mentioning that the students, we have to cancel or withdraw the order as the circumstances or situation arises, which is out of our control. I really appreciate the booking, but thank you for bookings.

8 0
2 years ago
The Sisyphean Company has a bond outstanding with a face value of​ $1000 that reaches maturity in 15 years. The bond certificate
steposvetlana [31]

Answer:

The Price of this bond is $1,044.57

Explanation:

Price of the bond is the present value of all cash flows of the bond. These cash flows include the coupon payment and the maturity payment of the bond. Both of these cash flows discounted and added to calculate the value of the bond.

According to given data

Face value of the bond is $1,000

Coupon payment = C = $1,000 x 8% = $80 annually = $40 semiannually

Number of periods = n = 15 years x 2 = 30 period

Market Rate = 7.5% annually = 3.75% semiannually

Price of the bond is calculated by following formula:

Price of the Bond = C x [ ( 1 - ( 1 + r )^-n ) / r ] + [ F / ( 1 + r )^n ]

Price of the Bond = 40 x [ ( 1 - ( 1 + 3.75% )^-30 ) / 3.75% ] + [ $1,000 / ( 1 + 3.75% )^30 ]

Price of the Bond = $713.17 + $331.40 = $1,044.57

6 0
3 years ago
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How does a business contribute to the country's economy?
Rudik [331]
Well...if your thinking money wise, there are many businesses that run just for making a change in the world...have you ever heard of hubs? its a food store that only sells locally raised meats and chicken eggs, even honey that was made nearby! Ever heard of the Plastic Reunion its a store that sells bags and purses made out of plastic! Plus you can donate many of your plastic bags from Walmart or City market and they will create bags out of them!
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