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PtichkaEL [24]
3 years ago
9

Herb has $20,000 in an interest-bearing time deposit with the Applebottom Bank and Trust Company. While earning a relatively att

ractive rate of interest, Herb had to agree to not withdraw any of the funds until the end of a three-year period. Herb's investment represents a(n):A. Passbook savings account.B. Negotiable order of withdrawal (NOW) account.C. Individual deferred earnings account (IDEA).D. Certificate of deposit (CD).
Business
1 answer:
topjm [15]3 years ago
4 0

Answer:

CD   Certificate of deposit.

Explanation:

Is a type of savings account that has a fixed interest rate and fixed term of months or years.  Is a financial product commonly sold by banks, trhift institutions, and credit union.   Are similar to savings accounts in the way that they are insured "money in the bank"

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Who founded crypto currency in the world​
ohaa [14]

Answer:

☁︎Satoshi Nakamoto's☁︎

Explanation:

Two months later, a paper entitled 'Bitcoin: A Peer-to-Peer Electronic Cash System' was passed around a cryptography mailing list. The paper is the first instance of the mysterious figure, Satoshi Nakamoto's appearance on the web, and permanently links the name "Satoshi Nakamoto" to the cryptocurrency.

7 0
3 years ago
A7X Corp. just paid a dividend of $2.50 per share. The dividends are expected to grow at 17 percent for the next eight years and
babunello [35]

Answer:

Price of the stock today = $82.35

Explanation:

Note: See the attached file for the calculation of present values for year 1 to 8 dividends.

From the attached excel file, we have:

Previous year dividend in year 1 = Dividend just paid = $2.50

Total of dividends from year 1 to year 8 = $23.46345631521910

Year 8 dividend = 8.77863318950395

Therefore, we have:

Year 9 dividend = Year 8 dividend * (100% + Dividend growth rate in year 9) = 8.77863318950395 * (100% + 7%) = 9.39313751276923

Price at year 8 = Year 9 dividend / (Rate of return - Perpetual dividend growth rate) = 9.39313751276923 / (13% - 7%) = $156.552291879487

PV of price at year 8 = Price at year 8 / (100% + Required return)^Number of years = $156.552291879487 / (100% + 13%)^8 = $58.88868846568915

Price of the stock today = Total of dividends from year 1 to year 8 + PV of price at year 8 = $23.46345631521910 + $58.88868846568915 = $82.35

Download xlsx
5 0
3 years ago
The following is a portion of the current assets section of the balance sheets of Avanti's, Inc., at December 31, 2020 and 2019:
elena55 [62]

Answer:

$3,927

Explanation:

Bad debt expenses:

= Ending balance of allowance account + Write offs - Beginning balance of allowance account

= $11,944 + $9,191 - $17,208

= $3,927

                               <u> </u><u>Allowance for bad debt account</u>

Particulars                 Amount      Particulars                             Amount

Write offs                    $11,944         By balance b/d (beginning) $17,208

To balance c/d (ending) <u>$9,191</u>      Bad debt expense                 <u>$3,927</u>  

Total                             $21,135                                                     $21,135

Therefore, the amount of bad debts expense recognized for the year is $3,927.  

7 0
4 years ago
Mary is selling her house for $100,000 and felipe, who is expecting an inheritance soon, wants to have the option to buy it next
Brilliant_brown [7]
If Felipe gets his inheritance then he and Mary can clinch their deal successfully and according to the terms they have worked out so that he will owe her $99,000 and she will get this money and he will get presumably a nice house.
5 0
3 years ago
A worker gets a raise of $120 per month and quickly decides to spend $90 of the money on necessities and the occasional luxury,
musickatia [10]

Answer:

MPC = 0.75

Explanation:

Marginal Propensity to Consume (MPC) is a part of Keynesian macroeconomic theory and is calculated by the change in consumption divided by the change in income. It quantifies the increased consumption which occurs with an increase in disposable income

MPC = \frac{/Δconsumption}{/Δincome}

MPC = \frac{90}{120}

MPC = 0.75

6 0
3 years ago
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