The problem-solving team is focused on improving work activities or solving specific work problems and this type of team is called a process-improvement team.
What is a problem-solving team?Problem Solving team is a temporary structure that brings together leaders and team members from across the organization to focus on solving a specific problem. The benefits are many, including not just a solved problem, but also a more resilient organization, a stronger social network and a growing cohort of problem solvers with increased skills and abilities.
Members share ideas or offer suggestions on how work processes and methods can be improved.
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In the long run, a firm in a perfectly competitive market earns zero economic profit, so the opportunity in the short run to enjoy positive economic profits will cause existing firms to increase output and new firms to enter the market. 1st attempt See Hint the market, driving the market price If prices are below the average total cost of production in the long run firms will until the remaining firms earn the market, driving the market price If prices are below the average total cost of production in the long run firms will until the remaining firms earn stay in enter exit the market, driving the market price If prices are below the average total cost of production in the long run firms will until the remaining firms earn down | up to stay the same until the remaining firms earn a small negative economic profit zero economic profit positive economic 25/26 profit
Given the short-term positive economic profit, new businesses should enter the market over time, increasing the size of the market.
What transpires over time in a market that is intensely competitive?In a perfectly competitive market, businesses can only make or lose money in the short term. Because an infinite number of enterprises generate uniform, infinitely divisible things, profits and losses are ultimately eliminated.
Is there ever no economic profit in the long run?Economic gains spur entry, economic losses cause exit, and in the long run, firms in a perfectly competitive industry will generate no economic gains.
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A client uses a perpetual inventory system. Would one expect a credit to which of the following accounts at the point of sale?Sales InventoryA. Yes YesB. Yes NoC. No YesD. No NoMultiple ChoiceOption AOption BOption COption D
YES NO, the correct answer is option (B).
what is periodic inventory system?
The stock control system is a method of actually counting the inventory at present intervals in order to value it for the purposes of financial reporting. This method of accounting involves taking inventory at the beginning of each shift, adding new stock items over the course of the period, and deducting ending inventories to determine the cost of the goods sold (COGS).Under the periodic inventory approach, a company won't be aware of its unit product offerings or COGS until the entire operation is complete.
For a business with a tiny proportion of SKUs working in a slow industry, this approach might be appropriate, but for all other businesses, the permanent inventory management system is favoured for the following important reasons:
The periodic approach is time-consuming and might result in stale figures that are less relevant to management. The everlasting existing system refreshes the determines the appropriate registry in an industry's database management system, improving processes an instantaneous view of inventory.To learn more about periodic inventory system:
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tanika is generally an easy going, happy, and hardworking individual. rarely does she have a bad day or talk about someone in a critical way. these descriptions of tanika are all part of her
If tanika is generally an easy going, happy, and hardworking individual. rarely does she have a bad day or talk about someone in a critical way. these descriptions of tanika are all part of her personality.
What is personality?
Personality can be defined as the what defined who we are and this tend to do with our behavior or the way we behave.
People have unique personality that are different from one another which implies that people do not have the same personality and this personality is the characteristics or features that defined each one of us. Based on the given scenario the characteristics that tanika has which is easy going , hardworking are tanika distinctive character that help to defined who she was.
Therefore we can conclude that that all the listed personality are what defined who tanika is.
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Exquisite Jewelers is developing its annual financial statements for 2015. The following amounts were correct at December 31, 2015: cash, $58,000; accounts receivable, $71,000; merchandise inventory, $154,000; prepaid insurance, $1,500; investment in stock of Z corporation (long-term), $36,000; store equipment, $67,000; used store equipment held for disposal, $9,000; accumulated depreciation, store equipment, $19,000; accounts payable, $52,500; long-term note payable, $42,000; income taxes payable, $9,000; retained earnings, $164,000; and common stock, 100,000 shares outstanding, par value $1.00 per share (originally sold and issued at $1.10 per share).
1) Based on these data, prepare a December 31, 2015, balance sheet. (Amounts to be deducted should be indicated by a minus sign.)
Image for Exquisite Jewelers is developing its annual financial statements for 2015. The following amounts were correct
Article 112 of the Constitution requires the authorities to existing to Parliament a statement of estimated receipts and expenditure in recognize of each economic year, from April 1 to March 31.
This statement is known as the annual economic statement.
What is the purpose of annual economic statements?Financial statements supply a image of a corporation's financial health, giving perception into its performance, operations, and money flow. Financial statements are vital due to the fact they supply records about a company's revenue, expenses, profitability, and debt.
Revenue and capital sections collectively shape the Union Budget, so the Annual Financial Statement is essentially the Budget of the government.
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https://brainly.com/question/14615122#SPJ4a business incurs a ___________ if its costs and expenses exceed its revenues.
Which of the following is an example of incidental damages you might be awarded if you are wrongfully terminated from your job?a. the costs of mailing resumes to prospective employersb. the costs of cosmetic surgeryc. the costs of psychological counselingd. the costs of a new wardrobe for future interviews
An example of incidental damages you might be awarded if you are wrongfully terminated from your job is the costs of mailing resumes to prospective employers.
Incidental damages- Incidental damages are expenses incurred by the non-breaching party to avoid other direct and consequential losses resulting from the breach.
The following types of damages are possible:
1] Ordinary damages. 2] Special damages. 3] Vindictive or Exemplary damages. 4] Nominal damages. 5] Damages for Deterioration caused by Delay. 6] pre-fixed damages.
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q5 separating equilibria 4 points grading comment: consider a separating equilibrium in the signaling model where education is not productive. q5.11 point grading comment: the type l workers get the efficient amount of education. choice 1 of 2:true choice 2 of 2:false
q5 separating equilibria 4 points grading comment: consider a separating equilibrium in the signaling model where education is not productive. q5.11 point grading comment: the type l workers get the efficient amount of education. True
Monetary equilibrium is a condition or nation in which financial forces are balanced. In impact, financial variables stay unchanged from their equilibrium values in the absence of external influences. financial equilibrium is also known as market equilibrium.
Financial market equilibrium takes place whilst supply and calls for degrees align, creating ideal market conditions for shoppers and dealers. The kinds of economic equilibrium consist of microeconomic and macroeconomic. In microeconomics, supply and demand between shoppers and dealers are balanced.
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If a company uses the direct write-off method of accounting for bad debts,
a. It is applying the matching principle.
b. It will record bad debt expense only when an account is determined to be uncollectible.
c. It will reduce the accounts receivable account at the end of the accounting period for estimated uncollectible accounts.
d. It will report accounts receivable in the balance sheet at their net realizable value.
If a company uses the direct write-off method of accounting for bad debts It will record bad debt expense only when an account is determined to be uncollectible.
The obligation to pay money or other agreed value to a third party, a creditor, is called a debt. Debt differs from an immediate purchase in that payments are deferred or in installments. A sovereign state or country, city government, company or individual may be liable for the debt.
Contractual provisions governing the amount and timing of principal and interest payments typically apply to commercial debt. Debt includes mortgages, bonds, notes, and loans. In contrast to equity, debt is a form of financial transaction in financial accounting. The phrase can also be used figuratively to refer to tasks of a moral nature and other relationships that do not require the exchange of money.
Hence the correct option is C.
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a.Explain one argument for and one argument against removing employment laws.
b.Explain why employment laws may only affect a small percentage of the labour force in some countries.
One possible reason for removing employment laws is because they are outdated and hence need to be replaced with a more workable system.
One possible reason for NOT removing them is because, in a capitalist society, without laws, the employees are bound to be left at the mercy of business owners.
What are Employment laws?Labour laws are those that serve as a bridge between employees, employers, trade unions, and the government. Collective labor law is concerned with the three-way relationship between employee, employer, and union. Individual labor law addresses employees' rights at work, including through the employment contract.
Title VII (of the Civil Rights Act); the Americans with Disabilities Act; the Age Discrimination in Employment Act; the Equal Pay Act; the Fair Labor Standards Act; the Family and Medical Leave Act; the Immigration Reform and Control Act; and the National Labor Relations Act are the principal federal employment laws.
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TRUE/FALSE. back in 2011, latin americans working in the united states sent an estimated 61 billion dollars to latin america.
Back in 2011, latin americans working in the united states sent an estimated 61 billion dollars to latin america. This is a true statement.
French ruler Napoleon III. He had a keen interest in expanding French commercial and political power in the region. He and his economic promoter Felix Berry called it "Latin America" to emphasize the Latin American background shared by France with the former viceroyalty of Spain and the Portuguese colony. The United States has attracted people from all over the world, bringing their own cultures and integrating them with what they find in America. The British founded the United States and therefore have the greatest influence on American culture. Other Europeans such as Germans, Irish, Italians and Russians also had a great deal of influence.
Africans were introduced as slaves and brought their own culture, making him one of the oldest contributing cultures in the United States. There are also Native Americans we found when the English and Spanish arrived. There is also a lot of influence from Asians. One of the most noticeable impacts is on the approximately 60 million Latin Americans in the United States. In summary, the United States is a melting pot because so many cultures contribute to the nation's culture.
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consumerization of it is growing at a phenomenal rate because employees and employers want to use their own devices to access a company's is.
Consumerization is the unique affect that consumer-originated technologies can have on enterprises.
It displays how organizations will be affected by, and can take advantage of, new applied sciences and models that originate and strengthen in the consumer space, as a substitute than in the company IT sector.
How does consumerization work?Consumerization of IT is the cycle of users adopting patron technological know-how in their non-public lives, which then extends into usage for work, and companies ultimately adopting these technologies. Obviously, consumerization of IT is a global, pervasive phenomenon, and groups have taken notice of it.
The most important types encompass convenience, shopping, specialty, and unsought client goods: Convenience: These items are regularly fed on and handy to attain.
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https://brainly.com/question/28993354#SPJ4barnard inc. variable costing income statement for the year ended march 31, 20y1 sales $648,000 variable cost of goods sold: variable cost of goods manufactured $364,000 inventory, march 31 (52,000) total variable cost of goods sold (312,000) manufacturing margin $336,000 total variable selling and administrative expenses (76,800) contribution margin $259,200 fixed costs: fixed manufacturing costs $165,200 fixed selling and administrative expenses 52,800 total fixed costs (218,000) operating income $41,200
The income statement can be defined as a company’s one of the most important financial statements that indicates profit and loss for an accounting yea
How did this occur?
Let us assume that the number of goods were 10000. For the variable costing concept, the unit cost of goods manufactured is calculated by dividing the total variable cost of goods manufactured ($827400) by the number of units (10,000), resulting in a unit cost of $82.74. For the absorption costing concept, the unit cost of goods manufactured is calculated by adding the total variable cost of goods manufactured ($827400) and the total fixed manufacturing costs ($378000) and then dividing the result by the number of units (10,000), resulting in a unit cost of $120.54.
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true or false: brands are sold either under a common/family name or as an individual brand.
Brands are sold either under a common/family name or as an individual brand True.
A family brand quillet: What is it?Branding a family. several products with the same trademark. Likewise known as umbrella branding.
Which two forms of brand ownership methods are the most common?Manufacturer brand and retailer/store brand are the two fundamental types of brand ownership methods. Give examples of each of the ownership strategies for those two brands to illustrate the differences. Any business in the supply chain, including producers, wholesalers, and retailers, has the ability to own brands.
A brand quizlet: what is it?a name, phrase, logo, or other distinguishing mark that identifies a company or organization, its goods, or sets it apart from rivals.
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Which of the following statements is true of explicit switching costs?
a. Explicit switching costs involve a penalty levied for terminating a deal or contract.
b. Explicit switching costs are recurring in nature.
c. Explicit switching costs are variable in nature.
d. Explicit switching costs are concerned with the indirect costs in time and money.
A penalty assessed for breaking a transaction or contract is referred to as an explicit switching cost.
What is a good illustration of the a switching cost?For instance, it would be difficult to compete with a grocery store if it provided free delivery but none of its rivals did. Because switching to the a different food store that does not offer free delivery would cost customers more money, time, and effort, the supermarket does have a high switching cost.
What are the alleged switching costs?Therefore, reported switching costs are a product of subjective assessment of experience and/or observation of others' relationship experiences; as a result, purchasers may feel switching costs of the a relationship without switching from a seller.
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In recent decades, many world historians have challenged the commonly held view that Europeans controlled the largest share of world trade in the 17th-18th centuries
Which of the following evidence from the period would best support this historical reinterpretation?
A. Prices for Chinese goods were much higher in Europe than in China
B. European trading companies often backed their long-distance trading ventures with the threat of military force C. Asian trading companies dominated trade in the Indian Ocean region
D. European merchants transported only a fraction of the goods shipped globally
The statement that best supports the given reinterpretation is a statement (D) European traders only transported a very small part of the goods that were transported around the globe.
What do we mean by Europeans?European ethnology, a branch of anthropology concerned with the many ethnic groups found in the countries of Europe, focuses on Europeans.
Language, shared genetic ancestry, or both might be used to define a group.
The widely held belief that Europeans controlled the major portion of global trade in the 17th and 18th centuries has come under fire recently from a number of historians from throughout the world.
Only a small portion of products that were moved around the world were carried by European traders.
In Europe, there are more than 80 distinct ethnic groupings.
The majority can be broadly divided into the Germanic, Romance, Celtic, Slavic, Baltic, Greek, Albanian, and Finno-Ugric groups.
Therefore, the statement that best supports the given reinterpretation is statement (D) European traders only transported a very small part of the goods that were transported around the globe.
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A charity organization had a fundraiser where they sold each ticket for a fixed price. After selling 200200200 tickets, they had a net profit of \$12{,}000$12,000dollar sign, 12, comma, 000. They had to sell a few tickets just to cover necessary production costs of \$1{,}200$1,200dollar sign, 1, comma, 200.
To cover the necessary production costs, they had to sell P(n) = 66n1200 tickets.
Let x be the revenue collected from selling each ticket.
We have been given that a charity organisation had to sell a few tickets just to cover necessary production costs of $1200. On selling 200 tickets, they had a net profit of $12,000.
Net profit = Total revenue- Cost
12000 = 200x - 1200
12000 + 1200 = 200x
13200 = 200x
x = 13200/200
x = 66
The revenue collected from selling each ticket is $66.
The profit from selling n tickets will be 66n.
Production costs = 1200
P(n) = 66n - 120C
our desired function will be: P(n) = 66n - 1200
Sales is cash delivered into a organization by using its business sports. There are specific ways to calculate sales, relying on the accounting technique employed. Accrual accounting will consist of income made on credit as revenue for items or services added to the patron. under positive guidelines, sales is diagnosed even if price has now not yet been received.
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FILL IN THE BLANK.if your marginal tax rate is 25% and you can exempt $3,650 of your income for each member of your family (yourself, your spouse, and your one child), then the exemption means you will save___in taxes.
If your marginal tax rate is 25% and you can exempt $3,650 of your income for each member of your family (yourself, your spouse, and your one child), then the exemption means you will save $3650 in taxes.
A tax is any required payment or other tax that is levied by the government against a taxpayer. Around 3000–2800 BC, ancient Egypt experienced the first recorded taxation. Late payments, tax evasion, and resistance to taxation are all prohibited by the law. Direct taxes and indirect taxes both require payment in cash or labor equivalents.
Most nations have tax structures in place to cover agreed-upon public goods, such as social or national needs and government services. While some scale taxes are progressive based on the annual income bracket, others tax individual income annually at a fixed rate.
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as long as the ads are not overly intrusive, most users opt to play free versions of games with ads over paid versions that do not have ads.
As long as the advertisements are not overly intrusive, most users opt to play free versions of online games with ads over paid versions that do not have ads under digital marketing. This statement is true.
What are online games?Playing a video game online via means of internet browser or data services on electronic devices while connected to the internet, typically with other individuals.
Online games can be played on a variety of platforms, including PCs, laptops, and mobile phones, as well as specialized gaming consoles like PlayStations and Nintendo Switches.
Now a days for a digital marketing concept, online gaming is the best platform to launch and advertise the quality of products, gather the attention of potential customers.
Thus if free versions have less interruption due to advertisements paid versions of games will not be opted more.
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the critical path for the network activities shown below is ________ with duration ________.
The critical path for the network activities shown below is A-D-E with duration 13.
What is Critical path?
Generally, The sequence A-D-E with a length of 13 seconds is the crucial route for the network activity indicated below.
Critical path activities are those activities that, if they are not finished on time, will cause a delay in the completion of the whole project.
In this particular scenario, action A serves as a direct antecedent for both activity D and activity E, which is the very last activity.
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when a customer places an order (on account) for a certain product, what should be done before the order is checked for inventory availability? group of answer choices the customer's available credit should be checked. the sales order should be created and written to a file. shipping should be notified of an order in process. a picking list should be generated for the warehouse.
When a consumer orders a product (on account), the customer's credit limit should be examined.
How can I find out what credit is available?The amount you still have to spend throughout a payment cycle is your available credit. By deducting your current balance from the card's credit limit, you may figure out how much credit you have available.
When should customers run a credit check?It is advised by the CFPB that you review your credit reports at least once each year. But monitoring your credit history and active credit accounts more frequently can provide you with a more realistic picture of your financial situation, so you might want to think about getting a free credit report every four months.
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Department stores are most likely characterized by ______. A) narrow product lines. B) specialty goods and services. C) predatory pricing strategies
It is correct to say that department stores are likely to be characterized by a wide variety of product lines. Option E is correct.
What are the characteristics of department stores?They correspond to large retail stores whose objective is to offer a wide range of products at popular prices. Some of the characteristics of such a business structure are:
Central locationSpecializationAttractiveness by settingHigh publicityTherefore, department stores have a unified management that helps consumers identify and perceive the brand, offering affordable services and convenience that attract and retain the target audience.
This is an incomplete question, whose missing alternatives are the following:
D. Luxury brand deep assortments.
E. Wide range of product lines.
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a false statement about a person’s business can give rise to liability for defamation.
a. true
b. false
A false statement about a person’s business can give rise to liability for defamation. This is true.
Which of the following does not provide an absolute defense against defamation charges?
A letter of recommendation writers has some protection from being falsely accused. A limited privilege exists for whistleblowers against libel.
Which of the following actions would fall under the strict responsibility doctrine?
Product liability, unusually risky activities (like blasting), cattle trespassing onto another person's property, and ownership of wild animals are some noteworthy examples of strict liability in the area of torts.
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earning more income on borrowed money than the related interest expense is called ________.
Earning more income on borrowed money than the related interest expense is called Leveraged Income.
What does interest expense referred to as?
An interest expense, also known as a finance cost, a borrowing cost, or an interest payment, is the cost incurred by an entity for borrowed funds. On the income statement, interest expense is a non-operating expense. It denotes the interest payable on all borrowings, including bonds, loans, convertible debt, and lines of credit.
What is Convertible Debt?
Convertible debt is a loan or debt instrument that can be converted into equity, usually common stock, at the holder's discretion. This type of financing is frequently used by early-stage companies seeking to raise capital but lacking the resources to issue equity. The investor provides capital in the form of a loan, but the loan can be converted into equity at a later date if the company meets certain criteria.
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assume that the federal reserve (fed) sets the federal funds rate target at 4% and conducts open market operations to hit the 4% target. shift the appropriate curve to show the fed meeting its target. federal funds rate reserves at the fed 0 10 20 30 40 50 60 70 80 90 100 0 1 2 3 4 5 6 7 8 9 10 federal funds rate (current) federal funds rate (target) demand for reserves supply of reserves
The FFR in a roundabout way influences even longer-term hobby rates. Investors desire a greater fee for a longer-term Treasury note. The yields on Treasury notes in a roundabout way force long-term traditional personal loan hobby rates.
When the Federal Reserve decreases the federal cash goal charge the decrease fee is done through?This alternative is right because to decrease the federal fund's target rate, the Federal Reserve purchases authorities bonds which reduces the pastime rate, and extra cash in terms of the reserve is stored through the people of the nation.\
When the Fed will increase rates, the market costs of present bonds right now decline. That's due to the fact new bonds will soon be coming onto the market providing buyers greater pastime rate payments.
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https://brainly.com/question/25843620#SPJ4When an operations manager engages in _____, he or she has purchased raw material or component parts on the Internet.A. e-procurementB. computer-assisted buyingC. Internet purchasingD. e-tailingE. e-management of inventory
When an operations manager engages in e-procurement, he or she has purchased raw material or component parts on the Internet. Hence option (A) is the answer.
What is the meaning of e-procurement?Online ordering, requisitioning, and purchasing of goods and services is known as electronic procurement, also referred to as e-procurement or supplier exchange. This process takes place between businesses. E-procurement, in contrast to e-commerce, uses a closed system from a supplier and is only accessible to registered users.
Through the provision of an integrated suite of procure-to-pay applications for purchase requisitions, sourcing, auctions, spend analysis, billing, contract, and vendor management, it seeks to streamline and facilitate the purchase processes. The majority of people thought that obstacles to the implementation of e-procurement included a lack of political will and top-level commitment, staff ignorance and incompetence.
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Cruise Industries purchased $10,800 of merchandise on February 1, 2017, subject to a trade discount of 10% and with credit terms of 3/15, n/60. It returned $2,500 (gross price before trade or cash discount)on February 4. The invoice was paid on February 13. Instructions
(a) Assuming that Cruise uses the perpetual method for recording merchandise transactions, record the purchase, return, and payment using the gross method.
(b) Assuming that Cruise uses the periodic method for recording merchandise transactions, record the purchase, return, and payment using the gross method.
(c) At what amount would the purchase on February 1 be recorded if the net method were used?
The journal entry to record the purchase, return, and payment using the gross method is: Debit Inventory $10,800, Credit Accounts Payable $9,720, Credit Trade Discount $1,080.
How to prepare journal entry?Cruise Industries journal entries
Feb 1, 2017
Debit Inventory $10,800
Credit Accounts Payable $9,720
($10,800 - $1,080)
Credit Trade Discount $1,080
(10%× $10,800)
(To record goods purchased on account)
Feb 4, 2017
Debit Accounts Payable $2,250
($2,500 -$250)
Debit Trade Discount $250
(10% × $2,500)
Credit Inventory $2,500
( To record goods return to supplier)
Feb 13, 2017
Debit Accounts Payable $7,470
($9,720 - $2,250)
Credit Cash $7,245.9
($7,470 - $224.1)
Credit Discount $224.1
[($9,720 - $2,250) × 3%]
(To record payment made to the creditor after getting discount)
Therefore the entry is Debit Inventory, Credit Accounts Payable, Credit Trade Discount.
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Which of the following accounts is credited by the seller when tax is collected on retail sales?! O A. Payroll Tax OB. Sales Tax Payable O c. Unearned Revenue OD. Accounts Payable
Sales Tax Payable accounts is credited by the seller when tax is collected on retail sales. Hence option (b) is the answer.
Is sales tax payable liability or expense?The total amount of sales taxes a company has gathered from clients on behalf of a governing tax authority is maintained as sales taxes payable. The company is responsible for timely remitting these monies to the government as the custodian of those funds. Typically, sales tax and use tax are shown as current liabilities on the balance sheet.
Due to the fact that the tax is a proportion of overall sales, they are both paid directly to the government and are based on the number of goods or services sold. The sales tax collected from customers on behalf of the overseeing tax authority is recorded in the balance sheet as a liability account called Sales Tax Payable.
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Assume that the US makes only burgers. In 2010, the US made and sold 1 billion burgers at a price of $2 each. In 2011, the price of burgers is $2.50. The year 2011 is selected as the base year. In 2010, real GDP is $___ billion.
Assume that America exclusively produces hamburgers. At a cost of $2 each, the US produced and sold 1 billion hamburgers in 2010. The cost of a hamburger in 2011 is $2.50. The base year is chosen to be 2011. The real GDP in 2010 is $2.5 billion.
How is the actual GDP calculated?Examining the rate at which all commodities and services generated in a country for a particular year, real GDP is a measure that takes inflation into account. A fixed cost price is what's referred to as foundation year costs, and it's listed there. GDP adjusted for inflation is another name for it, as well as GDP at constant prices.
Being able to determine an economy's size and health using GDP is important. A common metric for assessing the state of the economy is the real GDP growth. The expansion of real GDP is typically regarded as a sign that the economy is doing well.
Real GDP is determined as the sum of current-year quantities and base-year prices for all items.
Real GDP= Base year price X current year quantity
Real GDP= $2.50 x 1,000,000,000
Real GDP= 2.5 billion
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Fuzzy Button Clothing Company is considering a one-year project that requires an initial investment of $600,000; however, in raising this capital, Fuzzy Button will incur an additional flotation cost of 5%. At the end of the year, the project is expected to produce a cash inflow of $900,000. The rate of return that Fuzzy Button expects to earn on the project after its flotation costs are taken into account is _________.
The rate of return that Fuzzy Button expects to earn on the project after its flotation costs are taken into account is 42.86%.
What is the rate of return?The rate of return is the net gain or loss (which is the total cash inflow minus the total cash outflow) of an investment over a stated period.
The rate of return is expressed as a percentage of the investment's initial cost.
To compute the rate of return, divide the net gain or loss by the initial investment and multiply the quotient by 100.
Initial investment = $600,000
Flotation cost = $30,000 ($600,000 x 5%)
Total costs = $630,000 ($600,000 + $30,000)
Estimated cash inflow = $900,000
Returns (net gain) = $270,000 ($900,000 - $630,000)
Rate of return = 42.86% ($270,000/$630,000 x 100)
Thus, Fuzzy Button's rate of return for this one-year investment is 42.86%.
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annuities are more attractive for people who expect to live only a short time.
False. Annuities are not more attractive for people who expect to live only a short time.
What are annuities?The purpose of an annuity, a long-term investment provided by an insurance company, is to lessen your chance of outliving your income. Your purchase payments (what you give) are transformed into recurring payments that may last a lifetime through annuitization.
A predetermined sum of money that you will receive annually for the rest of your life is called an annuity. An annuity is a contract that you have with an insurance provider that calls for regular payments to be made by the insurer to you, either now or in the future.
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Annuities are more attractive for people who expect to live only a short time. T or F
