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2 years ago

Certificate of deposit typical interest rate

2 answers:

7 0

Certificate of deposit typical interest rates are usually higher than savings account interest rates. CD's (certificate of deposits) are bound to terms regarding the length someone has to keep their funds in the CD. Unlike a savings account where a person can withdraw their money at just about anytime, a CD has a set time when someone can withdraw money without penalty.

inn [45]2 years ago

3 0

This question is too broad because there are many factors that determine the interest rate of a CD, such as the amount you are investing, the length of time, and the banking institution.

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Pleasantville maintains an appropriations ledger for police department supplies. The amount appropriated for supplies was $100,0

satela [25.4K]

Answer:

Appropriation available for spending = 37000

Explanation:

In the appropriations ledger, the amount available for spending at any moment is the total appropriation minus expenditures plus outstanding encumbrances.

100000 - 35000 - 28000 = 37000

3 0

2 years ago

Consider the following balance sheet for TD. Assets Liabilities Reserves 493 Deposits 2900 Loans 2407 4. Suppose that TD is a ty

anzhelika [568]

Answer:

what is the money multiplier?

5.88

what is the total change in the M1 Money Supply?

Just because a client deposits money into a bank it does not increase M1, it just changes its composition. The immediate effect of the deposit in the total money supply is nothing. If the bank loans the money to other clients ($581 in total loans are possible), and other clients deposit the funds in the same bank or other banks, then the money supply could increase up to $3,416.

what is the minimum amount by which the money supply will increase?

If the bank loans the disposable funds, the money supply should increase by $581 at least.

Explanation:

The bank's required reserve ratio = reserves / deposits = $493 / $2,900 = 0.17 or 17%.

the money multiplier = 1 / required reserve ratio = 1 / 0.17 = 5.88

if a client deposits $700, the minimum amount by which the money supply will increase = $700 x (1 - required reserve) = $700 x (1 - 0.17) = $700 x 0.83 = $581

the maximum amount by which the money supply could increase = ($700 x 5.88) - $700 = $4,116 - $700 = $3,416

6 0

2 years ago

Sound Company reported the following amounts for May, 2008: Direct materials purchased $254,000 Beginning raw materials inventor

Yakvenalex [24]

Answer:

$254,100

Explanation:

The computation of the cost of direct materials used in production is shown below:

= Direct materials purchased + Beginning raw materials inventory - Ending raw materials inventory - Indirect materials requisitioned and used

= $254,000 + $12,000 - $7,900 - $4,000

= $254,100

Hence, all the other information is not considered. Therefore, ignored it

6 0

2 years ago

Hillary enters into a shipment contract with a dress manufacturer for fifty red dresses. The dress manufacturer sends fifty blue

faust18 [17]

Answer: E. Hillary, because this is a shipment contract

Explanation:

When Parties enter into a Shipment Contract, it means that the Buyer assumes the risk for the goods being delivered even before it is delivered.

To clarify, in a Shipment Contract, The Seller only has responsibility up until the point that they deliver the goods to a Carrier or the point of Shipment. Under this contract this is also known as the Point of Delivery.

Once they have delivered it to the point of Shipment, anything that happens thereafter is on the buyer.

This is a Shipment Contract in the above scenario and the dresses were damaged during shipment which absolves the seller as they had already delivered and shipped the dresses so the risk of loss is on Hillary.

6 0

2 years ago

Assume Organic Ice Cream Company, Inc., bought a new ice cream production kit (pasteurizer/homogenizer, cooler, aging vat, freez

Svet_ta [14]

Answer:

The machine has a useful life or 4 years and residual value of $1400 so its total The Depreciable Amount is $21,600 (22000-1400)

If we use straight line method depreciation in each year will be 21,600/4=$5400

If we use Units of production method then:

Year 1= 21,600*4120/10300=$8640

Year 2=21600*3090/10300=$6480

Year 3=21600*2060/10300= $4320

Year 4= 21600*1030/10300=$2160

If we use the double-declining method

Rate of Depreciation = 1/4*2=50%

Year = 0.5*21600=$10800

Year 2=0.5*(21600-10800)=$5400

Year 3= 0.5*(10,800-5400)= $2700

Year 4= (5400-2700)= 2700

Explanation:

5 0

2 years ago