1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
koban [17]
3 years ago
8

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 provi

de income. Which is the BEST recommendation
Business
1 answer:
pickupchik [31]3 years ago
4 0

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>

You might be interested in
According to the​ "rule of​ 70", how many years will it take for real gdp per capita to double when the growth rate of real gdp
slava [35]

14 Years.

The rule of 70 is a measure of how long it takes for something to double. 70 is divided by the rate of growth or rate of return.

70/5% = 14 years

8 0
3 years ago
Paid salaries to staff 1500<br>​
Pepsi [2]
I don’t understand what the question is...
7 0
3 years ago
Garcia company has 10,000 units of its product that were produced last year at a total cost of $150,000. the units were damaged
timurjin [86]

Answer and Explanation:

The computation of the incremental net income is shown below:

<u>Particulars    Sell          Process Further      Incremental Net income </u>

Sales        $20,000.00    $50,000.00        $30,000.00

          (10,000 units × $2)  (10,000 × $5)

Less:

Additional

Processing cost                 $18,000.00          $18,000.00

Total        $20,000.00      $32,000.00          $12,000.00

4 0
3 years ago
Which of the following statements is true of a trial​ balance?A.A trial balance has the same format as a balance sheet.B.A trial
seraphim [82]

Answer:

A trial balance presents data in debit and credit format.

Explanation:

There are two sections in the trial balance, called columns of debits and columns of credits. The total columns of debit and credit should always correlate or matched. The debit columns report assets and expenditures side while revenues stockholder equity, and the liability side are reported in the credit column.

4 0
3 years ago
Which of the following actions helps a company find the game plan for​ long-run survival and growth that makes the most sense gi
Papessa [141]

Answer: (D) Strategic planning

Explanation:

  The strategic planning is one of the business documenting process in which the various types of directions and suggestions are given to the small organization or the business.

The main objective of the strategic planning is that it helps in establishing the the actual direction to the companies for the long term goals and also helps in making various types of decisions.

According to the given question, the strategic planning is one of the type of action which is specifically taken by an organization that helps the growth o the company.  

 Therefore,  Option (D) is correct answer.  

 

4 0
3 years ago
Other questions:
  • 1. A coupon bond pays the owner of the bond A) the same amount every month until the maturity date. B) a fixed interest payment
    7·2 answers
  • At an aquarium, 6 out of 18 deliveries are plants. Out pf 15 deliveries in one week, how many are plants?
    10·1 answer
  • Which of the following is true of innovation? a. Innovations are less likely to come from small businesses than from big busines
    13·1 answer
  • Erkkila Inc. reports that at an activity level of 6,600 machine-hours in a month, its total variable inspection cost is $423,980
    13·1 answer
  • Caliana manages the warehouse for United Processors Inc. At the beginning of each year, she determines the department goals for
    9·1 answer
  • 5. Suppose a novice investor buys a call option on 45,000 barrels of oil with an exercise price of $45 per barrel and simultaneo
    8·1 answer
  • It is fairly easy for coaches to put aside prejudices when selecting team members, determining the starting lineup, or assigning
    11·2 answers
  • What's 1+1?<br> P.s you get 20 points LOL
    9·1 answer
  • According to the value chain business model what are the various strategic decision that a business can make
    13·1 answer
  • A company is asking you to evaluate whether to start a specialty tile manufacturing unit. The initial cost of setting up the man
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!