answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
riadik2000
1 month ago
14

Cindy has been working for 8 years, and she’s built up a huge emergency fund -- $45,000, which would be 6 months of her salary.

She’s hoping to earn a bit more interest than she currently is with that $45,000 just sitting in her traditional bank’s savings account. Which account would you recommend? Why?
Business
1 answer:
stepan [3.2K]1 month ago
6 0

Answer with Explanation:

Here are several types of investment accounts that are suitable for emergency funds, with returns on these investments varying according to the risk level taken by the investors:

  • Current Account Investments
  • Commodity Investments
  • Mutual Funds

When the inflation rate is lower than the returns from a current account, it can be a more advantageous investment since the capital maintains its value over time.

If the inflation rate surpasses the current account returns, it would be wiser to invest in commodities such as gold and oil, which are often considered speculative investments.

For those investors who are inclined towards taking risks, mutual funds may be a preferable choice, as these typically offer higher returns due to the greater risk involved.

You might be interested in
Match the leadership qualities with the situations to which they relate.
Free_Kalibri [3472]
Organizational Skills - Oliver intended to create an agenda for the group discussion.
Communication Skills - Oliver actively listened to his peers and motivated them to express themselves more.
Emotional Stability - Oliver kindly requested a participant who was dominating to please tone it down.
Integrity - Oliver objectively considered both perspectives of the argument before sharing his neutral opinion.
I apologize if there were any mistakes
~Silver
4 0
12 days ago
What happens if Jeff refuses to pay the equilibrium wage for coffee shop employees?
stepan [3264]
If employees report him for fraud, he could face legal repercussions.
4 0
12 days ago
Read 2 more answers
Klingon Widgets, Inc., purchased new cloaking machinery three years ago for $6 million. The machinery can be sold to the Romulan
arsen [3236]
a. The current total asset value for Klingon is calculated as follows: total assets equal net fixed assets plus current assets. Here, net fixed assets are $3,400,000, and current assets total $1,130,000, which is derived from net working capital plus current liabilities ($235,000 + $895,000). Hence, total assets amount to $3,400,000 + $1,130,000, leading to a total of $4,530,000. b. The market value of net working capital stands at $1,150,000, and the market value of fixed assets is $5,100,000. Therefore, when these figures are combined, the total fair market value amounts to $1,150,000 + $5,100,000, which equals $6,250,000.
7 0
21 day ago
A cashier asks for your help as a customer/member wants to make a return one day beyond the return window. You can make some exc
harina [3503]

Answer:

Explanation:

It depends on the situation.

If such a return is unprecedented, I would handle it myself based on the item. For example, if the item, like a screwdriver set, appears unused, I would approve the return autonomously.

However, if the item is personal or intimate, I would hesitate and seek managerial guidance, avoiding making the decision alone.

If there is a clear policy, I would consult it, likely involving a supervisor for confirmation, which is probably the most appropriate approach.

If many returns occurred that day, I would feel reluctant and ask for assistance.

7 0
1 month ago
Read 2 more answers
In the current year, Randa Merchandising, Inc., sold its interest in a chain of wholesale outlets, taking the company completely
marusya05 [3422]
Rhanda Merchandising Inc. Income Statement Total revenue $2,980,000 -Cost of goods sold ($1,520,828) Gross profit $1,459,172 -Depreciation expense ($250,000) Operating profit $1,209,172 Gain on condemnation of company property $266,000 -Loss of assets from meteor strike ($656,000) Income from continuing operations before taxes $819,172 -Income taxes ($207,000) Income from continuing operations after taxes $612,172 Gain from discontinued operations $755,000 -Loss from discontinued operations ($475,000) Net income $892,172
5 0
5 days ago
Other questions:
  • The Carmichael Company started operations this month and had the following transactions 1. Owners invested $20,000 to start the
    10·1 answer
  • A production manager is responsible for a production budget and can potentially earn an additional bonus for minimising producti
    13·1 answer
  • Dorian company produces and sells a single product. the product sells for $60 per unit and has a contribution margin ratio of 40
    11·1 answer
  • Study the entries in Lupe's records and bank statement. What is the first action Lupe should take when she discovers a differenc
    10·1 answer
  • Pitt Enterprises manufactures jeans. All materials are introduced at the beginning of the manufacturing process in the Cutting D
    11·1 answer
  • Mint Cleaning Inc. prepared the following unadjusted trial balance at the end of its second year of operations ending December 3
    9·1 answer
  • Exercise 16 describes a regression model that uses a car’s engine displacement to estimate its fuel econ- omy. In this context,
    10·1 answer
  • Organizations are open systems, and they are dependent on _____ from the outside world, such as raw materials, human resources,
    8·1 answer
  • The game hides the amount of cookies-per-second a new "vendor" (the grandmothers, the cookie farm, the mines, etc.) will grant y
    5·2 answers
  • Lionel's Lawn Care is a company that maintains residential yards. Lionel's cost for his standard package of mowing, edging, and
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!