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wolverine [178]
3 years ago
7

Money in your emergency fund could be wisely used:

Business
1 answer:
Anni [7]3 years ago
6 0
Hi, the answer is C, to pay for an unforeseen health expense. Money in your emergency fund could be wisely used to pay for an unforeseen health expense. :)
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The cash used to make change when customers pay for their purchases in cash is an example of the _____ motive for holding cash.
PIT_PIT [208]

It should be noted that the cash that's used to make purchases as illustrated is the transactionary motive of holding money.

A financial transaction simply means an agreement that takes place between the buyer and the seller. It is the exchange of goods or services.

The transactionary motive of holding money simply means holding money in order to meet daily financial needs such as buying goods.

Read more about cash on:

brainly.com/question/25772299

8 0
2 years ago
Assume a $170,000 investment and the following cash flows for two products: Year Product X Product Y 1 $ 40,000 $ 60,000 2 60,00
Arturiano [62]

Answer:

a. Product X = 3.50 years

   Product Y = 3.25 years

b. Product Y

Explanation:

The cash flows for the two products as well as the balance at the end of each year is given as follows:

Initial\ balance = -170,000\\\\\begin{array}{ccccc}Year&Product\ X&Product\ Y& Balance\ X& Balance\ Y\\1&40,000&60,000&-130,000&-110,000\\2&60,000&70,000&-70,000&-40,000\\3&50,000&30,000&-20,000&-10,000\\4&40,000&40,000&20,000&20,000\end{array}

For both products, the payback period is reached between the third and fourth year.

Product X:

Payback = 3+\frac{20,000}{40,000} = 3.50\ years

Product Y:

Payback = 3+\frac{10,000}{40,000} = 3.25\ years

Under the payback method, the alternative that presents the shortest payback period should be selected. Therefore, Product Y should be selected.

3 0
3 years ago
RKO Company sold bonds with a face value of $850,000 for $910,000. The bonds have a coupon rate of 8 percent, mature in 10 years
Alex73 [517]

Answer:

cash                910,000 debit

  bonds payable                 850,000 credit

  premium on BP                  60,000 credit

-- to record issuance of bonds --

interest expense 63700 debit

amortization                 4300 credit

cash                       68000 credit

--to record coupon payment at December 31th--

Explanation:

issuance:

cash proceed of 910,000 face value of 850,000 the 60,000 difference wil be a premium.

interest entry:

we multiply the carrying value of the bonds by the market rate

we calcualte the cash procees as ussual: face value x bond rate

the difference wil be the amortization on premium

910,000 x 7%  63,700

850,000 x 8% 68,000

amorization       4,300

5 0
3 years ago
4. Firm E must choose between two alternative transactions. Transaction 1 requires a cash outlay of $9,000; this expense would b
Pie

Answer:

a. Transaction 1

It is not deductible so the Taxable income is $9,000

Transaction 2

It is deductible, taxable income would be;

= 13,500 * ( 1 - Tax)

= 13,500 * ( 1 - 20%)

= $10,800

b. Transaction 1

It is not deductible so the Taxable income is $9,000

Transaction 2

It is deductible, taxable income would be;

= 13,500 * ( 1 - Tax)

= 13,500 * ( 1 - 40%)

= $8,100

8 0
3 years ago
Selling the bonds at a premium has the effect of a. raising the effective interest rate above the stated interest rate b. causin
Andreyy89

Answer:

B. causing the interest expense to be lower than the bond interest paid

Explanation:

3 0
3 years ago
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