Answer:
The Highest interest rate you can earn on a passbook savings account is 5%
Explanation:
According to the research of 5 Financial institutions in New York the Annual Percentage Yield of a Passbook savings account goes from 1% to 5%.
Bank APY
Apple Bank for Savings 0.10
Emigrant Bank 0.40
Investors Bank 0.50
Provident Bank 0.50
Queens County Svgs Bk 0.50
Answer:
The answer is "No."
Explanation:
The anwer is "No" is because the amount $3,500.00 is a mean in the checking balance taken for many years.
Consequently, the mean checking balance for customers over the years have remained stable notwithstanding other available potion for withdrawal such as using Automated Teller Machine (ATM) cards for customers.
Callable preferred stock exists likely to be redeemed by the issuer if interest rates fall.
<h3>What is Callable preferred stock?</h3>
The issuer may redeem callable preferred stock at a predetermined price prior to the maturity date. This kind of preferred stock is used by issuers for financing because they value the flexibility of being able to redeem it.
The preferred share is neither convertible nor callable. The preferred share has no maturity date and will always pay dividends. In a stock redemption, a company buys back its own stock from a shareholder in return for money or another asset. Unless it distributes valuable property, the redeeming corporation normally does not register gain or loss.
Hence, Callable preferred stock exists likely to be redeemed by the issuer if interest rates fall.
To learn more about Callable preferred stock refer to:
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Answer:
$255,000
Explanation:
Given that,
2016:
Taxable and pretax financial income = $850,000
Tax rate = 30%
2017:
Taxable and pretax financial income = $850,000
Tax rate = 35%
Income tax refund receivable in 2018:
= Taxable and pretax financial loss in 2018 × Tax rate in the year 2016
= $850,000 × 30 percent
= $255,000
Note:
(i) The carry back provision allows losses to be carried back to preceding 2 years, with the amount of net loss being applied to earliest year first.
(ii) 2018 net loss should be applied to income of 2016 first.