Calculate roi for independent investments

Assignment Help Accounting Basics
Reference no: EM13147127

1. Maria Chevas bought a GIC (guaranteed investment certificate) on June 1 for $3,200. 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 $3,200 back plus $37 in interest?

On an annualized basis, the rate of return would be ___

Reference no: EM13147127

Questions Cloud

How many kilometers does she run : A jogger runs at an average speed of 5.9 mi/h. a. How fast is she running in m/s? b. How many kilometers does she run in 98 min?
General partnership problem : How would Celestine's ending liabilities be treated if they formed an LLC, instead of a general partnership?
How is the distribution treated for tax purposes : Michele's stock has a basis of $11,000 and Wally's stock has a basis of $26,000. How is the distribution treated for tax purposes?
Behavioural advantages and potential disadvantages : What are the behavioural advantages and potential disadvantages that could arised from responsbility accounting and how the disadvantages can be overcome by company.
Calculate roi for independent investments : Maria Chevas bought a GIC (guaranteed investment certificate) on June 1 for $3,200. 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 $3,200 back..
Compute the energy density in the range : The Planck distribution gives the energy in the wavelength range dA at the wavelength A. Calculate the energy density in the range 650 nm to 655 nm inside a cavity of volume
How the company performing from a financial standpoint : In 200 words or more, explain how ratios can be used to review a company's financial statements. Select a public company, and using price earning ratios, explain how the company is performing from a financial standpoint.
Malpractice insurance policy : Purchased dental equipment on January 1 for $67,800, paying $46,760 in cash and signing a $21,040, 3-year note payable. The equipment depreciates $339 per month. Interest is $526 per month. Purchased a one-year malpractice insurance policy on Janu..
Compute the ph of the resultant solution of mixing : Calculate the pH of the resultant solution of mixing together two solutions of 2 L of 1.0 M acetic acid

Reviews

Write a Review

Accounting Basics Questions & Answers

  What amounts were payable on each class of stock

At December 31, 2011 and 2012, Sloan Corp. had outstanding 2,000 shares of $100 par value 8% cumulative preferred stock and 10,000 shares of $10 par value common stock. At December 31, 2011, dividends in arrears on the preferred stock were $8,000...

  Remaining basis in the partnership interest

How much gain or loss does Sam recognize; what is his basis in the property he received; and what is his remaining basis in the partnership interest?

  Journal entries for harper company

Prepare journal entries to record the following transactions entered into by Harper Company:

  Computing pvifa

The cost associated with maintaining rural highways follows a predictable pattern. There're basically no costs for the first three years, but thereafter maintenance is needed for restriping, weed control, light replacement, shoulder repairs, etc.

  Total net income for combined three-year period

What is the error in total net income for the combined three-year period resulting from the inventory errors? Explain why the understatement of inventory by $56,000 at the end of 2007 results in an understatement of equity by the same amount in th..

  Profit margin ratio and gross profit rate

Compute the profit margin ratio and gross profit rate. Caltor Company's assets at the beginning of the year were $770,000 ,and were $830,000 at the end of the year. To qualify for full credit, you must state the formula you are using, show your co..

  Flexible budget planning performance eval

Prepare a realistic flexible budget for next year for the McDonald's Corporation using economic and company trends. Use three different growth rates (low, average and high) for sales and adjust the expenses based on whether you assume that they v..

  Investigation of financial position of sales department

Obtain a detailed report which is based on an intensive investigation of the financial position of sales department, production department and research and development department.

  Cash basis of accounting and accrual basis of accounting

What is the difference between the cash basis of accounting and the accrual basis of accounting? Which one would you select for a company that has inventory and why?

  Concept of unit contribution margin

If fixed costs are $700.000 and the unit contribution margin is $14, what amount of units must be sold in order to realize an operating income of $100.000

  What total amount of cash did risen receive

On July 1, 2007, Risen Co. issued 1500 of its 10%, $1,000 bonds at 99 plus accrued interest. The bonds are dated April 1, 2007 and mature on April 1, 2017. Interest is payable semiannually on April 1 and October 1. What total amount of cash did Ri..

  Investment in opteron corporation

It did not pay any dividends during the year. By what amount would Athlon's investment in Opteron Corporation increase for the year, if Athlon used the equity method.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd