Answer:
a. The cost of the marble will be expensive because of the bargaining power of the supplier.
Explanation:
An account option which features a note that is issued by a bank to a depositor for funds placed for a set period of time is; A. certificate of deposit.
<h3>What is a certificate of deposit (CD)?</h3>
A certificate of deposit (CD) can be defined as a secured form of time-bound deposit and a special low-risk savings account that is typically issued by a financial institution (bank) to its customers, wherein an amount of money (lump-sum) are left with the bank for a specific period of time, in exchange for an interest rate premium.
This ultimately implies that, a certificate of deposit (CD) pays a higher interest rate to its holder than other regular savings account because banks usually invest this money (lump-sum) in a business, so as to make profit.
Additionally, a bank's certificate of deposit (CD) is protected and insured by the Federal Deposit Insurance Corporation (FDIC) for up to $250,000, so it's somewhat safer than other investment options.
In this context, we can reasonably infer and logically deduce that a savings account option which features a note that is issued by a financial institution (bank) to a depositor for funds that are placed for a set period of time is referred to as a certificate of deposit.
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Answer:
$2,300,000
Explanation:
The formula to compute the operating cash flow is shown below:
= EBIT + Depreciation - Income tax expense
where,
EBIT = Sales - operating expenses - depreciation expense
= $7,000,000 - $4,000,000 - $1,000,000
= $2,000,000
And, the income tax expense is
= $2,000,000 × 0.35
= $700,000
So, the value would equal to
= $2,000,000 + $1,000,000 - $700,000
= $2,300,000
We simply applied the above formula
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