The correct option is D.
Checking account is appropriate for Jorge in this situation because he plans to remove the money from his account in a few weeks time.
The major difference between saving account and checking account is that, saving account is majorly used to save and accumulate money for a medium or long time goals or for emergencies. The banks can count on the money staying in saving account for some time and a great part of it is not hold on reserve.
But a checking account is an instant access account. Money put in this account are usually hold in reserve by the banks because the owners can decided to withdraw at any time; banks can lend out money from checking accounts, so they make money on the accounts by charging fees.
According to the U.S. Census Bureau, as of March 2014 there
are approximately 7,150,000,000 people living in the entire world and 317,700,000
living in the U.S but these numbers change continuously.
Divide the number of people in the U.S. by the number of
people in the world and multiply by 100 to get the answer.
= 317700000 / 7150000000 x 100
= 4.44%
Answer:
the bond's current yield.
Explanation:
When the price of the bond is equal to the initial price paid for the bond, the current yield rate of the bond is equal to the ROR of the bond. If there is the market price of the bond is the same as the initial issuance value of the bond the investors of the bond do not gain or lose anything from this bond from the change in price in the time period between the issuance of the bond and Purchasing date of the bond.
Current Yield = Annual Coupon payment / Market price of the bond
The bond yield will remain the same when the selling price of the bond and the issuance price of the bond remain the same. As the coupon payment is fixed every time.
Answer:
Jonas must recognize a long term capital gain = $680,000 - $500,000 = $180,000
Since this gain is originated from the sale of a property, it will be considered a capital gain. If the property was held for less than a year before it was sold it would be considered a short term capital gain, but in this case the property was held for 9 nines, therefore, it is considered a long term capital gain.
Answer:
Option A
Explanation:
In simple words, The numerous outputs of an accountancy information systems demonstrate the platform's flexibility in data processing. Accounts receivable ageing reports based on user knowledge, amortization plans for capital assets, and trial balancing for financial statements are all produced by an AIS.
This, from the above we can conclude that the correct option is A.
