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wlad13 [49]
3 years ago
10

A 50-year old customer is in a very low tax bracket. She lives in a state that has one of the highest income tax rates. The cust

omer is seeking income and preservation of capital. She has a 10 year investment time horizon. The best r
ecommendation would be a 10 year maturity:__________

a. Treasury Bond
b. investment grade corporate bond
c. investment grade municipal bond
d. Treasury STRIPS
Business
1 answer:
zvonat [6]3 years ago
3 0

Answer:

b. investment grade corporate bond

Explanation:

Credit rating is used to show the reliability of a security. The Investment Grade is a credit rating the is low risk bond. There is low possiblity of default on this type of investment.

Medium rating of A and BBB represent the investment grade corporate bond.

This is an attractive investment for the more conservative investor.

This is an ideal investment choice for the 50-year old customer with very low tax bracket, in a state with high income tax rates. So she is seeking income and preservation of capital.

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Irving spent the day shopping and made the following purchases: Item Cost ($) Novel 8.75 Shirt 21.66 Lunch 9.13 Potted plant 16.
yan [13]

Answer:

The answer is: $151.49

Explanation:

To determine how much money did Irvine have at the beginning of the day we just add all his expenses to his account balance at the end of the day:

= $95.06 + $8.75 (novel) + $21.66 (shirt) + $9.13 (lunch) + $16.89 (potted plant)

= $151.49 was the amount of money Irvine had at the beginning of the day.

8 0
3 years ago
Read 2 more answers
Which is the final stage of the purchase decision process?.
Alisiya [41]

Answer: The final stage is Post-Purchase Behavior

Explanation:

8 0
2 years ago
Which of the following statements about lump-sum taxes is correct A. A lump-sum tax means that tax revenues vary directly with G
Deffense [45]
D

Lump-sum taxes are described as regressive taxes, meaning that the more income one has, the less they pay in proportion of their income to tax. As a result, they all pay the same, which coincides with D.
3 0
3 years ago
Roley Corporation uses a periodic inventory system and the gross method of accounting for purchase discounts.
pishuonlain [190]

Answer:

Explanation:

The journal entries are shown below:

(A) Purchase A/c Dr $60,000  

        To  Accounts Payable A/c $60,000

(Being inventory is purchased on credit basis)

(A) (2) Freight in Dr $1,200

            To Cash A/c $1,200

(Being freight is paid for cash)

(B) Accounts Payable A/c Dr $6,000

         To Purchase Return $6,000

(Being returned goods are recorded)

(C) Accounts Payable A/c Dr $54,000

               To Purchase Return $1,080

               To Cash A/c $52,920

(Being the cash is paid for cash)

The computation is shown below:

Accounts payable would be

= $60,000 - $6,000

= $54,000

And, the purchase return would be

= $54,000 × 2%

= $1,080

And, the remaining balance is credited to cash account

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2 years ago
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