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3 years ago

If you have money saved now that you intend to spend in 2 or more years, which type of savings account might be best?

Business

1 answer:

Stella [2.4K]3 years ago

4 0

Answer:

Explanation:

Certificate of deposits are a type of saving account that allows account holders to keep their savings for a fixed period of time. It is a time based deposit of money.

In this type of saving account, the account holder can earn interest as well. The account holder can create a new CD after the maturity of the old one to extend the saving time.

In the given case, if the account holder intends to spend his saved money in 2-years or more, then he choosing a CD is right. It will fix his amount for that period of time and will earn him interest as well.

Therefore, option C is correct.

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Jay Bird is a partner in Soundview Partnership. The adjusted basis of his interest is $19,000, of which $15,000 represents his s

Marta_Voda [28]

Answer:

Ordinary income of $6,000; Capital gain of $18,000

Explanation:

Calculation to determine the amount and character of his gain

First step is to calculate the The total gain on the sale of his partnership

Using this formula

Total gain on the sale of his partnership = ( Cash + Relief of his share of liabilities -Basis )

Let plug in the formula

Total gain on the sale of his partnership=$28,000+$15,000+$19,000

Total gain on the sale of his partnership=$24,000

Now let determine the amount and character of his gain

The UNREALIZED RECEIVABLES amount of $6,000 will be the ORDINARY INCOME while the remaining amount of $18,000 Calculated as ($24,000-$6,000) will be the CAPITAL GAIN.

Therefore the amount and character of his gain will be: Ordinary income of $6,000; Capital gain of $18,000

4 0

3 years ago

Discuss at least one advantage and one disadvantage of increasing the minimum wage. consider this action’s impact on the company

KIM [24]

A minimum wage can purpose advantage and disadvantage price-push inflation.elevating wages reduces expensive employee turnover and will increase productivity.

Elevating the federal minimal wage to an hour is a coverage purpose for many lawmakers. growing the minimal salary is expected to lift people out of poverty and enhance work ethic, however, it also comes with many feasible negative implications, which include inflation and a loss of jobs.Elevating the federal minimal wage may even stimulate customer spending, help corporations' bottom lines, and grow the financial system it might additionally raise the overall financial system by using producing extended patron demand.

Elevating wages reduces expensive employee turnover and will increase productivity. while the minimal salary is going up, employers can obtain such benefits without being positioned at a competitive disadvantage, because all groups of their field are required to do the identical.

A minimum wage can purpose price-push inflation. this is because corporations face an growth in charges that are in all likelihood to be passed on to clients. that is even more likely if wage differentials are maintained.

Learn more about wage here:-brainly.com/question/26699459

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8 0

2 years ago

On January 1, 2020, Scottsdale Company issued its 12% bonds in the face amount of $3,000,000, which mature on January 1, 2030. T

BARSIC [14]

Answer:

It is $329,209.31

Explanation:

Please attached sheet for computation.

Download xlsx

5 0

3 years ago

Cynthia hamilton is launching a chain of smoothie restaurants. among cynthia's key partners will be firms that provide her the i

Ivan

The answer is suppliers

7 0

3 years ago

"A customer has an existing short margin account and wants to write five covered puts against 500 shares of stock that are short

Aleksandr-060686 [28]

Answer: 0

Explanation:

From the question, we are informed that a customer has an existing short margin account and wants to write five covered puts against 500 shares of stock that are short in the account.

Based on the above scenario, the margin requirement to write the puts will be zero. This is due to the fact that there is no risk that is attached to the short calls.

8 0

3 years ago