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Shenella is disciplined when it comes to the use of her income. For these reasons, she has no debt other than her car loan. Shenella also does not have any savings other than the amount in her chequing account. However, starting next month several different media outlets are increasing their monthly subscription fees. Although she knows these services are a luxury, Shenella does not want to give them up. At the same time, she is committed to her budget and does not want to increase her credit card debt. Shenella visits Wallace, a Dealing Representative from Perspective Investment Services, to determine if there are any investments she can pursue to address her concern. What is her investment objective? O Income O Safety O Growth O Balangod

Shenella is disciplined when it comes to the use of her income. For these reasons, she has no debt other than her car loan. Shenella also does not have any savings other than the amount in her chequing account. However, starting next month several different media outlets are increasing their monthly subscription fees. Although she knows these services are a luxury, Shenella does not want to give them up. At the same time, she is committed to her budget and does not want to increase her credit card debt. Shenella visits Wallace, a Dealing Representative from Perspective Investment Services, to determine if there are any investments she can pursue to address her concern. What is her investment objective? O Income O Safety O Growth O Balangod

Understanding Business
Understanding Business
12th Edition
ISBN:9781259929434
Author:William Nickels
Publisher:William Nickels
Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment
Section: Chapter Questions
Problem 1CE
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Shenella is disciplined when it comes to the use of her income. For these reasons, she has no debt other than her car loan. Shenella also does not have any savings other than the amount in her chequing account. However, starting next month several different media outlets are increasing their monthly subscription fees. Although she knows these services are a luxury. Shenella does not want to give them up. At the same time, she is committed to her budget and does not want to increase her credit card debt. Shenella visits Wallace, a Dealing Representative from Perspective Investment Services, to determine if there are any investments she can pursue to address her concern. What is her investment objective? O Income O Safety O Growth Balanced
Transcribed Image Text:Shenella is disciplined when it comes to the use of her income. For these reasons, she has no debt other than her car loan. Shenella also does not have any savings other than the amount in her chequing account. However, starting next month several different media outlets are increasing their monthly subscription fees. Although she knows these services are a luxury. Shenella does not want to give them up. At the same time, she is committed to her budget and does not want to increase her credit card debt. Shenella visits Wallace, a Dealing Representative from Perspective Investment Services, to determine if there are any investments she can pursue to address her concern. What is her investment objective? O Income O Safety O Growth Balanced
Every year, Travis maximizes his registered retirement savings plan (RRSP) contributions. Near the end of last year, he realized that he had contributed $3,000 in excess of the contribution limit. He has never gone over the limit and is concerned about what will happen. What do you tell him? O There will be no consequences due to the over contribution allowance O He will be charged a penalty of $30 per month until he takes out the excess contributions. O He may contribute $2,000 over the contribution limit each year without penalty. O Part of his contribution will face a penalty even though it was an honest mistake
Transcribed Image Text:Every year, Travis maximizes his registered retirement savings plan (RRSP) contributions. Near the end of last year, he realized that he had contributed $3,000 in excess of the contribution limit. He has never gone over the limit and is concerned about what will happen. What do you tell him? O There will be no consequences due to the over contribution allowance O He will be charged a penalty of $30 per month until he takes out the excess contributions. O He may contribute $2,000 over the contribution limit each year without penalty. O Part of his contribution will face a penalty even though it was an honest mistake
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