Guaranteed investment certificate, Accounting Basics

+44 141 628 6080
[email protected]

Guaranteed investment certificate

Maria Chevas bought a GIC (guaranteed investment certificate) on June 1 for $3,000. The certificate reached maturity on December 1 (it was a six-month certificate). On December 1, she cashed in the certificate and received her original $3,000 back plus $37 in interest. Caculate ROI

Request for Solution File

Ask an Expert for Answer!!

Accounting Basics: Guaranteed investment certificate

Reference No:- TGS091452

Expected delivery within 24 Hours

Have a Question? (oR Write a Review)

Write atleast 100 words!!

Recent Questions Asked Accounting Basics

Q : How many deer can fallow-hawke capture during 2008

The variable cost of capturing each deer is $10.00 each. Fallow-Hawke is funded by a local philanthropy in the amount of $32,000 for 2008. How many deer can Fallow-Hawke capture during 2008?

Q : How many pins should buy and have on hand for event

How many pins should you buy and have on hand for the event? (Use excel and show your formulas with Ctrl~). Does the decision change if you exchange the probabilities for 400 and 500? If so, what is the change?

Q : Critical aspect of a company culture

Define what constitutes an organizations culture. Is location a critical aspect of a company's culture? Why or why not? What clique are you a part of in your current organization (or a prior organization).

Q : What percent are variable costs of sales

Reese Company requires sales of $2,000,000 to cover its fixed costs of $700,000 and to earn net income of $500,000. What percent are variable costs of sales?

Q : Guaranteed investment certificate

Q : What happens to the break-even level

If variable costs decrease by 10%, what happens to the break-even level of units per month for Dodge Company?

Q : How much sales are required to earn a target net income

How much sales are required to earn a target net income of $128,000 if total fixed costs are $160,000 and the contribution margin ratio is 40%?

Q : Measure the time takes while working at standard pace

Now measure the time it takes while working at a standard pace. Is your estimate within plus or minus 20 percent of the estimated time?

Q : How much does sutton''s operating income increase

Fixed costs for April were $4 per unit for a total of $2,800 for the month. How much does Sutton's operating income increase for each $1,000 increase in revenue per month?

1947582

Questions
Asked

3,689

Active Tutors

1455704

Questions
Answered

Start Excelling in your courses, Ask a tutor for help and get answers for your problems !!

ask Question

Request for Solution File

Ask an Expert for Answer!!

Accounting Basics: Guaranteed investment certificate

Reference No:- TGS091452

Have a Question? (oR Write a Review)

Recent Questions Asked Accounting Basics

Q : How many deer can fallow-hawke capture during 2008

Q : How many pins should buy and have on hand for event

Q : Critical aspect of a company culture

Q : What percent are variable costs of sales

Q : Guaranteed investment certificate

Q : What happens to the break-even level

Q : How much sales are required to earn a target net income

Q : Measure the time takes while working at standard pace

Q : How much does sutton''s operating income increase

Medication for postoperative nausea and vomiting

Child prescribed prednisone for exacerbation of asthma

What if a parent of hispanc origin informs nurse of plans

How health care reimbursement is delivered

How to improve overall health of elementary school children

How would you instruct the patient to taper off clonazepam

How to prevent interference with an intravenous infusion

Request for Solution File

Ask an Expert for Answer!!

Accounting Basics: Guaranteed investment certificate

Reference No:- TGS091452

Recent Questions Asked Accounting Basics

Q : How many deer can fallow-hawke capture during 2008

Q : How many pins should buy and have on hand for event

Q : Critical aspect of a company culture

Q : What percent are variable costs of sales

Q : Guaranteed investment certificate

Q : What happens to the break-even level

Q : How much sales are required to earn a target net income

Q : Measure the time takes while working at standard pace

Q : How much does sutton''s operating income increase

Asked Questions