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Nana76 [90]
3 years ago
15

Connie Shockey wants to put funds in an account that does not offer checking privileges because she has a tendency to overspend.

Which of the following would fit her criteria?
a. NOW accountb. A DDA with overdraft protectionc. money market mutual fundd. money market deposit accounte. certificate of deposit
Business
1 answer:
vlada-n [284]3 years ago
8 0

Answer:

certificate of deposit.

Explanation:

A certificate of deposit is one that funds are deposited for a fixed period of time at a particular interest rate. Usually interest rate is determined by the amount being deposited.

Premature liquidation of the certificate of deposit attracts penalty.

This will be the ideal account for Connie Shockey since she does not want an account she can easily withdraw from.

The penalty charged on premature liquidation will serve as a deterrent of she wants to withdraw.

Certificate of deposit is a stable high yield form of investment that will give Connie good returns.

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Should Tangshan Mining company accept a new project if its maximum payback is 3.5 years and its initial after tax cost is​ $5,00
Firlakuza [10]

Answer:

Yes, Tangshan Mining company should accept the project.

Explanation:

Payback period is the number of years it takes for a project's expected cash inflows to recover the initial investment amount.

Tangshan company's required payback period = 3.5 years

<u>Year             CF                       Net CF</u>

0             -5,000,000        -5,000,000

1               1,800,000          -3,200,000

2              1,900,000          -1,300,000

3                700,000           -600,000

4               1,800,000            1,200,000

<em>Payback period = last year with -net CF +(absolute net CF that year /total CF the following year)</em>

Payback period = 3 + (600,000 / 1,800,000)

=3 + 0.33

= 3.33 years

Since 3.33 years is lower than the required payback period of 3.5 years, Tangshan Mining company should ACCEPT the new project; it will take less years to fully recover the initial amount investment.

5 0
2 years ago
In April of the current year, Freeman Steel Company transferred Herb Porter from its factory in Nebraska to its plant in Michiga
lilavasa [31]

Answer:

A. $96

B. $228

C. $42

Explanation:

A. Calculation to determine the Amount of SUTA tax the company must pay to Nebraska on Porter's wages

SUTA tax =$3,000 x 3.2%

SUTA tax = $96

Therefore the Amount of SUTA tax the company must pay to Nebraska on Porter's wages is $96

B. Calculation to determine the Amount of sUTA tax the company must pay to Michiganion Porter's wages

SUTA tax =($9,000 - $3,000 )x3.8%

SUTA tax =$6,000 x 3.8%

SUTA tax = $228

Therefore the Amount of SUTA tax the company must pay to Nebraska on Porter's wages is $228

C. Calculation to determine the Amount of the net FUTA tax on Porters wages

Net FUTA tax=$7,000 limit) x 0.6%

Net FUTA tax = $42

Therefore the Amount of SUTA tax the company must pay to Nebraska on Porter's wages is $42

3 0
2 years ago
By the way do you know how to change your name on here, because my name is Bucky?
Ray Of Light [21]

Answer:

You cant change your name unless you message the mods and say it has personal information or give them a reason y you want to change it. Same i wish I changed mine. lol

Explanation:

3 0
3 years ago
A company reported that its bonds with a par value of $50,000 and a carrying value of $59,000 are retired for $62,400 cash, resu
oee [108]

Answer:

The answer is ($62,400)

Explanation:

Cash flow only deals with cash. Statement of Cash flow is one of the three Financial statements and this records ONLY the cash that is coming in and out of the business

The company coughed out $62,400 cash. This is the money that will be recorded under cash flows from financing activities and not the $59,000.

So the narration will be:

Cash for retiring bonds.......($62,400)

4 0
2 years ago
Since retained earnings are generated by the firm:
Damm [24]

Answer:

The correct option is C,the funds have a positive cost that is less than new equity issues.

Explanation:

Retained earnings have costs attached to it because the common stockholders expect that the company would use its retained earnings effectively such that is able to pay dividends at  year or in such a way that the company's stock share price appreciates(capital gains yield)

However, the cost of retained earnings is lower when compared with new equity issues since the new issue would require issue costs such as regulatory fees as well as underwriter's commission.

7 0
3 years ago
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