Money market fund is the fund that invests in T-Bills, Eurodollar deposits, commercial paper and repurchase agreements.
Given a description about a fund that invests in T-Bills, Eurodollar deposits, commercial paper and repurchase agreements.
We are required to give the name of the fund about which the question is talking about.
The name of the fund which invests in T-Bills, Eurodollar deposits, commercial paper and repurchase agreements is money market fund.
A money market fund is basically a type of mutual fund that has relatively low risks compared to other mutual funds and most other investments and historically has had lower returns. These funds invest in high quality, short-term debt securities and pay dividends that generally reflect short-term interest rates.
Hence money market fund is the fund that invests in T-Bills, Eurodollar deposits, commercial paper and repurchase agreements.
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I believe that the kind of example that Yohann is setting is the importance of financial planning. So before Yohann lost his job, he was thinking ahead and set a lot of money aside throughout his working years for a rainy day. He couldn't predict that something bad like a recession was going to happen, but he was still prepared for it nevertheless. The other answers do not apply here.
Answer:
At par
Explanation:
From the question we are informed about Road Hazards with has 12-year bonds outstanding. The interest payments on these bonds are sent directly to each of the individual bondholders. In this case these direct payments are a clear indication that the bonds can accurately be defined as being issued at par. A par bond can be regarded as bond that is been sold at the exact face value, most mind sells at the face value of $1000, that $1000 is the face value, any par bond usually give an investor a yield which matches the amount of coupon that is associated to the bond.
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Answer:
a. $3.50
b. 3.60 Pounds
c. $12.60
Explanation:
a. The computation of Standard direct materials price per pound of raw materials is shown below:-
Standard direct materials price per Pound of raw materials = Net purchase price + freight-in + receiving and handling
= $2.40 + $0.80 + $0.30
= $3.50
b. The computation of Standard direct materials quantity per gallon is shown below:-
Standard direct materials quantity per gallon = Required materials + Allowance for waste and spoilage
= 3.10 + 0.50
= 3.60 Pounds
c. The computation of Total standard materials cost per gallon is shown below:-
Total standard materials cost per gallon = Standard Direct materials price per Pound of raw materials × Standard Direct materials quantity per gallon
= $3.50 × 3.60
= $12.60
Answer:
Year 1 = $949,620
Year 2 = $79,141
Year 3 = $65,956
Explanation:
The depreciation expense for the year using the double-declining-balance method is calculated as :
Depreciation Expense = 2 x SLDP x BVSLDP
where,
SLDP = 100 ÷ number of useful life
= 100 ÷ 12
= 8.33 %
therefore,
Year 1
Depreciation Expense = 2 x 8.33 % x $570,000
= $94,962
Year 2
Depreciation Expense = 2 x 8.33 % x ($570,000 - $94,962)
= $79,141
Year 3
Depreciation Expense = 2 x 8.33 % x ($570,000 - $94,962 - $79,141)
= $65,956