Complete Question:
A 60-year old retiree is in a very low tax bracket. He has a low risk tolerance and wishes to make an investment that will provide income. Which is the BEST recommendation?
Group of answer choices.
A. Mid-cap common stock
B. Municipal bond
C. Bank CD
D. Treasure STRIPS
Answer:
C. Bank CD
Explanation:
In this scenario, a 60-year old retiree is in a very low tax bracket. He has a low risk tolerance and wishes to make an investment that will provide income. A Bank certificate of deposit (CD) is the best recommendation.
A bank certificate of deposit (CD) can be defined as a secured form of time-bound deposit and a special low-risk savings account, wherein money (lump-sum) are left with the bank for a specific period of time in exchange for an interest rate premium.
Generally, a certificate of deposit pays a higher interest rate to its holder than the regular savings account because the banks invest the money in a business.
<em>Additionally, the bank certificate of deposit is protected and insured by the Federal Deposit Insurance Corporation (FDIC) for up to $250,000.</em>
Answer:
Efficiency variance =$9,860
unfavorable
Explanation:
Labour efficiency variance is the difference between the actual time taken to achieve a given production output less the standard hours allowed for same multiplied by the standard labour rate
Hours
11,900 units should have take (11,900× 4hrs) 47,600
but did take <u>48,180</u>
Difference 580 unfavorable
Standard hours <u> × $17 </u>
Efficiency variance <u>$9,860
unfavorable</u>
<span>Laura should both reduce her variable costs and increase her total revenue. If she charged 10% more ($275 instead of $250) and reduced her variable costs by 10% ($162 instead of $180), she would nearly double her profits. She would profit $93 per cake compared to her current $50.</span>
amountOfRain would be the most appropriate identifier for a memory location that will store the amount of rainfall for a given period of time.
<u>Explanation:</u>
A set of characters in a sequence that helps in the identification any value or a set of set is known as identifiers. Identifiers are unique in nature. A character sequence that is given for storing a set of data should not be given to store another set of data.
They are useful in referencing a variable from which the data or values that are contained in that particular variable can be easily retrieved. For example a variable can be indicated by an identifier totalAmount in which the value stored is 56000. The starting name of the variable should be given in smaller case letter and second name should be in capital letter. For instance if you are going to store the value 45 in the variable amountoftime then the variable name should be given as amountOfTime.
