Business, 30.08.2019 18:20 danteyoungblood7

Envision that you have served as business manager of media world for over 2 years.
you have noticed that for the last 12 months the business has regularly had cash assets of
$20,000 or more at the end of each month. you have found a 6-month certificate of
deposit that pays 6% compounded monthly. to obtain this rate of interest, you must
invest a minimum of $2,000. you have also found a high interest savings account that
pays 3% compounded daily. based on the cash position of the business at this time,
assume that you decide to invest $4,000.
1. assume that you will invest the full amount in a certificate of deposit.
a. what would be the future value of the cd at the end of the investment term? (14
points)
b. how much interest would the investment eam for the period? (14 points)
c. what would be the effective rate of the investment? (14 points)
2. assume that you decide to invest the $4,000 in the high-interest savings account.
a. what future value would you expect to receive at the end of 6 months? (14 points)
b. how much interest would the investment earn for the period? (14 points)
c. what would be the effective rate of the investment? (14 points)
3. write a recommendation to the partners justifying a short-term investment of business
funds at this time, recommending one of these investments. include your analysis
from questions 1 and 2 in your recommendation. (16 points)

Answers: 1

Show answers

Other questions on the subject: Business

Business, 22.06.2019 03:30, clevelandjaniya1

Sarah salesrep is brand new to her job selling "lifetime" printers that never need replacement ink cartridges. the problem is that these printers cost ten times more than a regular printer, so it is difficult to get prospective buyers to understand the cost savings of buying it. to break through the barrier and begin making sales, sarah should use a analysis that highlights her printer's lower cost.

Answers: 3

continue

Business, 22.06.2019 10:00, boo6931

Employees at a library check out books to patrons. books have an isbn and a name. the library sometimes has multiple copies of the same book. books have one or more authors. a patron is an individual who has an active (non-expired) library card. for each library card, we store the person's first and last names and their address. for each employee, we store their employee id, current salary, first and last name and their address. we also store the employee id of their current manager. each time we check out a book to a patron we need to store the date of the transaction, the employee who checked out the book to the patron, and the library card of the patron. some employees have library cards. if an employee patron turns in a book late, the fine that they pay is a percentage of their salary. some employees are authors who have library cards—they are allowed to check out as many books as they like.

Answers: 1

continue

Business, 22.06.2019 13:30, Geo777

You operate a small advertising agency. you employ two secretaries, a graphic designer, three sales representatives, and an office coordinator. 1. what types of things would you consider when determining how to compensate each position? describe two (2) considerations. 2. what type of compensation plan would you use for each position?

Answers: 1

continue

Business, 22.06.2019 15:20, babyduck0664

Martinez company has the following two temporary differences between its income tax expense and income taxes payable. 2017 2018 2019 pretax financial income $873,000 $866,000 $947,000 (2017' 2018, 2019) excess depreciation expense on tax return (29,400 ) (39,000 ) (9,600 ) (2017' 2018, 2019) excess warranty expense in financial income 20,000 9,900 8,300 (2017' 2018, 2019) taxable income $863,600 $836,900 $945,700(2017' 2018, 2019) the income tax rate for all years is 40%. instructions: a. prepare the journal entry to record income tax expense, deferred income taxes, and income taxes payable for 2017, 2018, and 2019. b. assuming there were no temporary differences prior to 2016, indicate how deferred taxes will be reported on the 2016 balance sheet. button's warranty is for 12 months. c. prepare the income tax expense section of the income statement for 2017, beginning with the line, "pretax financial income."

Answers: 3

continue

You know the right answer?

Envision that you have served as business manager of media world for over 2 years.
you have no...