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PtichkaEL [24]
2 years ago
9

Herb has $20,000 in an interest-bearing time deposit with the Applebottom Bank and Trust Company. While earning a relatively att

ractive rate of interest, Herb had to agree to not withdraw any of the funds until the end of a three-year period. Herb's investment represents a(n):A. Passbook savings account.B. Negotiable order of withdrawal (NOW) account.C. Individual deferred earnings account (IDEA).D. Certificate of deposit (CD).
Business
1 answer:
topjm [15]2 years ago
4 0

Answer:

CD   Certificate of deposit.

Explanation:

Is a type of savings account that has a fixed interest rate and fixed term of months or years.  Is a financial product commonly sold by banks, trhift institutions, and credit union.   Are similar to savings accounts in the way that they are insured "money in the bank"

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ack, the local farmer, grew various vegetables and fruit over the summer. He had a food stand that people could stop at for purc
Anna007 [38]

Answer:,S25

Explanation:

The sales agreement between Jack is and Farmer was for a consideration of S75, the consideration for the purchase of tomatoes from another farmer is S100, this invariably means Jackie has incurred an additional S25 to purchase the tomatoes than he will normally has paid for it. This sum of S25 his what she will get in a lawsuits.

5 0
2 years ago
Suppose you have $10,000 in your checking account. You withdraw $500 cash from your account and hide it under your pillow for fu
trapecia [35]

Answer:

The Money supply will decrease by $4,500

Explanation:

What will be the maximum impact on money supply today as a result of your action is that the Money supply will decrease by $4,500.

Since we assumed that you have $10,000 in your account in which you withdraw $500 cash from your account and hide it under your pillow for future use, therefore based this scenario or actions carried by you it means that your bank have fewer or lesser funds available to make loans which means the decrease will tend to affect the money supply.

Hence, you can easily calculate the effect by using the simple money multiplier.

8 0
2 years ago
Social Media, Inc. (SMI) has two services for users. Toot!, which connects tutors with students who are looking for tutoring ser
tekilochka [14]

Answer: See explanation

Explanation:

a. Predetermined overhead rate will be:

= Administrative costs/Number of users

= 739,500/25,500

= $29 per user

Administrative costs applied to Toot will be:

= Number of users x Predetermined overhead rate

= 8900 x 29

= $258100

Administrative costs applied to Tix will be:

= Number of users x Predetermined overhead rate

= 16600 x 29

= $481400

b. For Toot

Revenue: $1,450,000

Less: Engineering cost: $402,500

Less: Administrative cost: $258,100

Profit = $789400

For Tix:

Revenue: $1,200,000

Less: Engineering cost: $521,875

Less: Administrative cost: $481,400

Profit = $196725

5 0
2 years ago
Which of the following demonstrates real value?
Dovator [93]
I believe that the best answer among the choices provided by the question is <span>When all of us pool our money, we can buy a computer for my mom.</span>
Hope my answer would be a great help for you.    If you have more questions feel free to ask here at Brainly.


7 0
2 years ago
Madison Corporation purchases an investment in Lake Geneva, Inc. at a purchase price of $10 million cash, representing 40% of th
tester [92]

Answer:

$ 10512000

Explanation:

The market value of Madison investment which is the aggregate value of the company's investment =$ 12 million

The book value = assets - liabilities = (1700000 - 419000) ×0.4 = $ 51240

The year-end balance = $ 51240 + $ 10 million = $ 10512000 approx

4 0
2 years ago
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