Answer:
The penalty will be $133.333 for the early withdrawal.
Explanation:
On a $20,000 earning 4% annually, the amount of interest earned per year is:
$
20
,
000 x 4% = $
800
On a monthly basis, the CD earns:
$
800 / 12 = $
66.667
If the penalty involves a two (2) months worth of interest, then, the penalty for the early withdrawal will be:
2 x $
66.667 = $
133.333
Most homeowners would agree that the most important financial benefit from owning their own home is the tax break. This is known as a tax shelter and allows for homeowners to avoid or lower their taxes. Owning a home reduces your taxable income and in large part due to interest rates and interest paid on an owned home.
<span>Which of the following best describes how auto insurance companies manage risk? Auto insurance companies will charge rates based on what they think is appropriate in regards to how likely you are to file a claim. They take into account many factors that will relate to filing a claim in the future and what you have done in the past. By evaluating these, they are determining the risk and how to manage it. </span>
When treasury stock is purchased for an amount greater than its par then the total shareholders' equity decreases.
Given that the treasury stock is purchased for an amount greater than its par.
We are required to find the effect of the purchase of treasury stock for an amount greater than its par on the total shareholders' equity.
Treasury stock is basically known as treasury shares or reacquired stock, and refers to previously outstanding stock that is bought back from stockholders by the issuing company. The result of issuing treasury stock is that the total number of outstanding shares on the open market decreases. Shares of a company are a part of total shareholders' equity and because shares are issued for security, it will decrease the total shareholders;equity.
Hence when treasury stock is purchased for an amount greater than its par then the total shareholders' equity decreases.
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Answer:
The correct answer is the third option: Lawyer - Probation Officer - Firefighter
Explanation:
First of all, the lawyer is the one who requires more years of schooling due to the fact that in order to be it the person must go to college after graduating from high school. Secondly, the probation officer is formed during years as well. And finally the firefighter is the one who does not need so many years of schooling because the person can go and have the training to be it right after he finished high school.
