Answer:
The correct answer is B. highest and best use.
Explanation:
This is a principle by which the value of a property capable of being dedicated to different uses will be the one that results from allocating it, within the legal and physical possibilities, to the most economically advisable, or if it is capable of being built with different building intensities , will be the result of building it, within the legal and physical possibilities, with the intensity that allows to obtain its greatest value.
Harry has joined the marketing department of KC Cola. While going through some files, he came across a document designed for a particular brand of product that contained a detailed analysis of the environmental factors and competition. It also contained a time frame within which some objectives, further divided into tasks, had to be accomplished. The document not only listed the target markets for the brand but also contained specifications about its four Ps and various methods to check the performance of the team as well as that of the brand. Which of the following documents is likely to contain such information?
A) Business plan
B) Marketing plan
C) Memorandum of association
D) Strategic management plan
E) Annual fiscal plan
Answer: (B) Marketing Plan
Explanation:
Under the given scenario a marketing plan is most likely to contain information regarding the given variables. A marketing plan is known as a document that outlines our strategy and tactics regarding our marketing. It often tends to focus on a specific time period and thereby covers several details related to marketing, such as goals, action steps and costs.
According to scott hinshaw, domino's executive vice president of franchise operations, development, and training, domino's has about 9,400 franchises globally. To be successful worldwide, it is vital to have work experience abroad so that you understand the local culture and language and can develop solutions to challenges that might arise. This belief is most likely indicative of which approach to international business?
This belief is most likely an indication of Polycentric approach.
The Polycentric approach refers to the method of recruiting internationally in which the Human resources recruit personnel to carry out operations of the company’s branches.
In other words, it is a method that involves hiring employees who are nationals of the country where the business branches are located.
Further ExplanationIn polycentric approach, the company employs personnel for a managerial position to coordinate the day to day activities of the subsidiary company.
The reason why most companies use this approach is that the citizens of the host country have a better knowledge of their culture and can effectively direct the affairs of the subsidiary company.
However, this recruitment method has advantages and disadvantages.
The Advantages of polycentric approachThe chances that the subsidiary company would attain its full potential are very high.The hiring cost of the citizens of the host company is very lowThere will be increased productivity because employee fully understand the host marketThe Disadvantages of polycentric approachIt is very difficult to manage the subsidiary companyDifferent in thinking between the parent company and the subsidiary managers may result in conflicts.Language barriers can create ineffective communication between the parent company and the host employees which could also result in conflict.LEARN MORE:
Polycentric https://brainly.com/question/1369878KEYWORDS:
polycentric approachcompanynationalscostcommunicationemployeesAnswer:
This conviction is in all likelihood a sign of Polycentric approach.
Explanation:
The Polycentric approach alludes to the strategy for selecting universally where the Human assets enlist faculty to do activities of the organization's branches. As it were, it is a strategy that includes procuring workers who are nationals of the nation where the business branches are found.
The motivation behind why most organizations utilize this methodology is that the residents of the host nation have a superior information of their way of life and can adequately coordinate the undertakings of the auxiliary organization.
Data that are important to deciding whether to replace old equipment include all but which of the following?
a. estimated annual variable cost of operating the new machine
b. purchase price of the new machine
c. estimated selling price of the old machine
d. the book value of the old equipment
Answer:
C.
Explanation:
The estimation of the selling price of the old machine is not good data to make a decision in this case. Instead, book value, annual variable costs, even the purchase price of the new machine, are strong data to decide wether replace it or not.
Because all these options are related to actives of the company, so, to make a decision of replacements we need top analysis actives and compare them with the hypothetic results with the new machine.
The data that are important to deciding whether to replace old equipment include all but option ( d.) the book value of the old equipment.
The book value of the old equipment is a financial term that represents the original cost of the equipment less the accumulated depreciation.
While deciding whether to replace old equipment, the book value is not a critical factor to consider. The book value does not show the current market value of the equipment. The decision to replace old equipment should be based on factors such as the estimated annual variable cost of operating the new machine, the purchase price of the new machine, and the estimated selling price of the old machine.
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An investment's possible payoffs are −10 percent, 10 percent, and 30 percent. The probabilities that these payoffs will occur are 0.30, 0.40, and 0.30, respectively. What is the expected rate of return on the investment?
Answer:
The expected rate of return on the investment is 10%
Explanation:
Expected rate of return is calculated as a weighted average of all possible payoff. It is calculated by multiplying potential payoffs by the chances of occurring and then adding these results.
In this case
Payoffs= −10 percent Probabilities 0.30 (30%)
Payoffs= 10 percent Probabilities 0.40 (40%)
Payoffs= 30 percent Probabilities 0.30 (30%)
Expected rate of return= -10% x 30% + 10% x 40% + 30% x 30%
Expected rate of return= -0.03+0.04 + 0.09=0.1
Expected rate of return= 10%
Dr. Shetty is able to drive down the cost of complex medical procedures from $100,000 to $2,000 not by doing one big thing, but rather on doing a thousand small things. This approach focuses on driving down the cost of healthcare through
A. value of input factors.
B. cost of input factors.
C. process innovation.
D. product innovation.
Answer:
C.
Explanation:
Innovation is the creation of a viable new offering. Managing innovations requires identifying the problems thar matter and moving through them systematically to deliver elegant solutions.
Process innovation combines adopting a process view of business functions with the application of new ideas and technology.
Tools for process innovation:
-developing assembly charts for studying conceptual framwork of material flow.
-developing process charts for studying conceptual framwork of process flow.
-benchmarking.
-financial appraisal.
-business process reengineering.
Legazint, a law firm, organizes its staff into departments based on the type of clients the department deals with. These departments include sole proprietorships, federally incorporated organizations, partnerships, limited liability companies, and corporations. In the context of the approaches to structural design, Legazint most likely follows _____.
Answer:
The correct answer is a customer based division
Explanation:
It is the process of dividing customers into groups based on common characteristics so that companies can market each group effectively and appropriately.
Segmenting customers requires the company to collect specific information - data - from consumers and analyze them to identify patterns that can be used to create segments.
Some of this data can be collected by purchasing information - work, geography, purchased products, for example. Some of these can be gathered by how the consumer entered the system. An online marketer working from a mailing list can segment marketing messages according to an offer that appeals to consumers, for example. Other information, however, including demographic data such as age and marital status, will be necessary to be assertive otherwise.
Suppose the economy is initially operating well below capacity. In this case, an expansionary macroeconomic policy will result in
A. equal increases in prices and output.
B. a small price increase relative to the output increase.
C. a small output increase relative to the price increase.
D. runaway inflation.
Answer:
The correct answer is option B.
Explanation:
If an economy is working well below capacity this means there is huge amount of unused resources left. Resources or inputs at this point will be available at a relatively lower price. So the firms will be able to expand output at a cheaper rate.
When the demand for inputs increase the input price will not increase much. So, the firms will be able to increase output and the price level will not increase by a great extent.
When resources are allocated by markets, profits and losses provide information about
A. which products are priced too high and which are priced too low.
B. which resources are being used productively and which resources should be allocated to other uses.
C. which industries need to be subsidized and which need to be subject to additional regulation.
D. which businesses should be taxed more heavily and which should be subsidized.
Answer:
The correct answer is B. which resources are being used productively and which resources should be allocated to other uses.
Explanation:
The allocation of resources is the distribution of productive assets in their different uses.
The issue of resource allocation originates from how societies seek to balance limited resources such as capital, labor and land, in the face of the diverse and unlimited needs of its members. Resource allocation mechanisms cover the pricing system in free market economies and government planning, either in state-operated economies or in the public sector of mixed economies.
Gains and losses determine how effective a product / service is being in the market, and what actions can be taken to be able to route them correctly. In periods where there is a margin of sustained loss, it is necessary to revalue the relevance of the investment, because it can be channeled towards assets that generate value and therefore economic growth.
Which of the following processes is responsible for releasing the energy captured during photosynthesis? Select one: a. Elimination b. Cellular Respiration c. Absorption d. Digestion e. Transpiration
Answer: The correct answer is Option b.
Explanation:
Photosynthesis reaction is defined as the process in which plants make their own food with the help of carbon dioxide and water in the presence of sunlight. The energy is captured in the form of ATP during this process.
For the given options:
Option a: EliminationElimination reactions are defined as the reactions in which a kind of atoms or groups of atoms leave the molecule. This process is not seen in photosynthesis reaction.
Option b: Cellular respirationChemical energy stored in food is the source of the energy that is required to regenerate ATP. The process in which energy is released from food by a series of enzyme-controlled reactions is called cellular respiration.
Option c: AbsorptionAbsorption is defined as the process which involves a reaction between the substance being absorbed and the absorbing medium.
Option d: DigestionDigestion is defined as the process by which complex food molecules are broken down into simple molecules that can be absorbed by the body for nutrition.
Option e: TranspirationTranspiration is defined as the process where plants absorb water through their roots and then give off water vapor through the pores from their leaves.
From the above information, the correct answer is Option b.
American households spent an average of about $68 in 2007 on Halloween merchandise such as costumes, decorations and candy. To see if this number had changed, researchers conducted a new survey in 2008 before industry numbers were reported. The survey included 1,500 households and found that average Halloween spending was $58 per household.
The sample mean is __________ dollars, while the claimed population mean is _________ dollars.
Answer:
The sample mean is $58 and population mean is $68.
Explanation:
Since, They do a survey on only 1500 households and use only this information to get mean. So, Sample Mean is $58 whereas Population Mean is $68.
When we get information using all possible units, Then it is Population.
The sample is a subset of the population. We take samples because it is easy to analyze samples as compared to population and it is less time taken.
A law firm, Morris & Morris, accumulates costs associated with individual cases using a job order cost system. On August 5, the firm charged 200 hours of professional (lawyer) time to the Micro Systems Co. breach of contract suit to prepare for the trial, at a rate of $340 per hour. What is the journal entry for this transaction?
Answer:
Given that,
On august 5,
Firm charged = 200 hours of lawyer time
Rate per hour = $340
Therefore,
Salaries payable = Number of hours × Rate per hour
= 200 hours × $340 per hour
= $68,000
Hence, the journal entry for this transaction is as follows:
Work in process A/c Dr. $68,000
To Salaries payable A/c $68,000
A client who is newly diagnosed with hypertension is going to be starting antihypertensive medicine. What is one of the main things the client and the client's spouse should watch for?
Answer:
the main things the client and the client's spouse should watch for is dizziness
What does a current ratio of 1.20:1 mean?
A For every $1.20 of current liabilities, a company has $1.20 of current assets.
B For every dollar of current liabilities, a company has $1.00 of current assets.
C For every $1.20 of current liabilities, a company has $1.00 of current assets.
D For every dollar of current liabilities, a company has $1.20 of current assets.
The current ratio of 1.20:1 means that for every dollar of current liabilities, a company has $1.00 of current assets. Option (b) is correct.
A liquidity ratio called the current ratio assesses a company's capacity to settle short-term debts or those that are due within a year. It explains to investors and analysts how a business can use its present assets to the fullest extent possible to pay down its current liabilities and other payables.
In general, an appropriate current ratio is one that is comparable to the industry norm or just a little bit higher. The likelihood of distress or default may be increased by a current ratio that is lower than the industry average.
Therefore, Option (b) is correct.
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Using the accrual basis, in which month should revenue be recorded? A. In the month that the invoice is mailed to the customer B. In the month that goods are ordered by the customer C. In the month that goods are shipped to the customer D. In the month that cash is collected from the customer
Answer:
The answer is c.
Explanation:
Receivables are reported as assets when they are earned.
Revenues are reported when they are earned.
Payables are reported as liabilities when they are incurred.
Record and report revenue at the time it is earned and realized by the business, not when the cash for the revenue is received by the business.
The opportunity cost of an action is
a. objective and will be the same for all individuals.
b. a measure of the undesirable aspects involved in the action.
c. applicable only to choices involving material goods like commodities.
d. the highest valued alternative forgone as the result of choosing an option.
Answer:
d. the highest valued alternative forgone as the result of choosing an option
Explanation:
An opportunity cost is anything that you sacrificing one thing for the other due to lack of recources and Scarcity of time
For example leisure time and working hours
A buyer and seller have entered into a contract for sale of a duplex. the buter defaults on the contract and the seller claims the escrow deposit per contractual agreement. What term applies to this situation?
Answer:
The answer is: Earnest money deposit (EMD)
Explanation:
An EMD or a good faith deposit is done in a real estate operation. Usually when the buyer doesn´t have all the money to buy the property they make a EMD when signing a sales contract. The EMD gives the buyer some time to get a loan, conduct the title search, a property appraisal and all the inspections necessary before closing the deal. The buyer gets his money back in case something goes wrong with the sell that isn´t his responsibility, i.e. the house has severe damage that was unnoticed until a further inspection was made. But when the sell isn´t carried out due to issues with the buyer, i.e. he couldn´t get his loan approved in time, then the buyer gets to keep the EMD. The contingencies must be stipulated in the contract, ether in favor of the buyer or the seller to establish in which cases a party can claim the EMD.
Final answer:
The term that applies to a buyer defaulting on a contract and the seller claiming the escrow deposit is called 'liquidated damages'.
Explanation:
In the situation where a buyer defaults on a contract for the sale of a duplex, and the seller claims the escrow deposit according to the contractual agreement, the term that applies is liquidated damages. Escrow is an arrangement where money is held by a third party on behalf of the transacting parties. If the buyer fails to fulfill their end of the agreement, the escrow deposit may serve as compensation for the seller's losses, as specified in the contract. This scenario is an example of the risks involved in transactions and the measures that parties take to protect their interests, such as including liquidated damages clauses in their contracts.
Identify a difference between goods and services. Select one:
a. Customers directly participate in goods-producing activities, whereas customers do not participate in service-providing activities.
b. Goods can be stored as physical inventory, whereas services cannot be stored as physical inventory.
c. Goods-producing firms rely solely on soft technology, whereas service-providing firms rely solely on hard technology.
d. The demand for goods cannot be predicted, whereas the demand for services can be easily predicted.
Answer:
The correct answer is option b.
Explanation:
Goods are physical or tangible objects but services are intangible and the act of performing work for someone. Goods are produced but services are performed. Transfer of ownership is involved in the case of goods, but this is not the case with services. Goods can be separated from sellers, unlike services which cannot be separated from the provider.
Since goods are physical and tangible they can be produced and stored as inventory. Services are intangible and non-physical so they cannot be stored as inventory.
The five key components of the marketing plan are
A. mission statement, situation analysis, promotion strategy, financials, and controls.
B. executive summary, situation analysis, marketing strategy, financials, and controls.
C. executive summary, market positioning, marketing strategy, financials, and implementation.
D. mission statement, situation analysis, marketing strategy, financials, and controls.
E. executive summary, situation analysis, positioning, financials, and implementation.
Answer: Option B
Explanation: Marketing plan refers to the plan made by the senior managers of an organisation that depicts the marketing strategy to be used by the company in the coming period. This is a flexible plan and is made for generally a period of 12 months.
This, plan consist of of all the factors that are essential for positive marketing. It outlines the execution procedure and the various analysis required. It also includes the financial and controlling procedures to be used.
Hence, we can conclude that the right answer is option B.
The five key components of the marketing plan are: executive summary, situation analysis, marketing strategy, financials, and controls. They provide a strategic and financial outline to achieve business objectives monitored through defined controls.
Explanation:The correct answer for the five key components of a marketing plan is 'B. executive summary, situation analysis, marketing strategy, financials, and controls'. A marketing plan starts with an executive summary that provides an overview of the entire plan. This is followed by a situation analysis which takes into account the market conditions, customer insights and competitive landscape. The marketing strategy outlines the approach and tactics to achieve business objectives. The financials aspect puts numbers to the plan in terms of budget, sales forecast and profitability. The controls component includes performance metrics and implementation checkpoints that ensure the plan is on track.
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On May 1, Ace Electronics ordered office equipment. The equipment was delivered to Ace on May 15, and Ace agreed to pay for it by the end of the month. Ace paid for the equipment on May 31. When will Ace make the first entry in its accounting system for this purchase?
Answer:
When will Ace make the first entry in its accounting system for this purchase?
may-15
Explanation
Initial entry is when received the equipment or invoce to pay it.
Ace Electronics received the equipment on May 15. Hence, Ace Electronics should make the first accounting entry for the office equipment they ordered on May 1 when they received the equipment, which is May 15.
Explanation:In the accounting system, a firm like Ace Electronics will make the first entry when it incurs an obligation, which occurs when the service or goods are received. In this scenario, Ace Electronics made the commitment to purchase office equipment on May 1, but they did not actually receive the equipment until May 15. So, the first entry in the accounting system for this purchase should be made on May 15.
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Several years ago, Black & Decker purchased General Electric's small appliances product line. Black & Decker purchased the line because it needed the cash infusion from a product line that had a dominant market share. The small appliance industry is a slow-growth one. The small appliances product line is most likely a __________ for Black & Decker
a. Dog
b. Cash Cow
c. Question mark
d. Star
e. Problem Child
Answer:
The correct answer is b. Cash Cow.
Explanation:
Multinationals look beyond their core business for additional sources of income to increase their income statement. Secondary income is those from products or services that differ from the main ones within a business. And despite their name, they can play a leading role in a brand's strategy and can give a vital boost to a company's revenue.
Indicate whether the following statement(s) applies to microeconomics or macroeconomics:
a. The unemployment rate in the United States was 9.7 percent in March 2010.
b. A U.S. software firm discharged 15 workers last month and transferred the work to India.
c. An unexpected freeze in central Florida reduced the citrus crop and caused the price of oranges to rise.
d. U.S. output, adjusted for inflation, decreased by 2.4 percent in 2009.
e. Last week, Wells Fargo Bank lowered its interest rate on business loans by one-half of 1 percentage point.
f. The consumer price index rose by 2.7 percent from December 2008 to December 2009.
Answer:
a. The unemployment rate in the United States was 9.7 percent in March 2010 - Macroeconomics
b. A U.S. software firm discharged 15 workers last month and transferred the work to India - Microeconomics
c. An unexpected freeze in central Florida reduced the citrus crop and caused the price of oranges to rise - Microeconomics
d. U.S. output, adjusted for inflation, decreased by 2.4 percent in 2009 - Macroeconomics
e. Last week, Wells Fargo Bank lowered its interest rate on business loans by one-half of 1 percentage point - Microeconomics
f. The consumer price index rose by 2.7 percent from December 2008 to December 2009 - Macroeconomics
Which of the following actions explains mass customization? Firms tailor their products and services to meet a customer's particular needs on a large scale. Firms provide immediate communication and feedback to and from customers. Firms provide ways for clients and firms to conduct business online without human assistance. Firms market their products and services over vast distances. Firms link Web sites to corporate databases to provide real-time access to personalized information.
Answer: Firms tailor their products and services to meet a customer's particular needs on a large scale.
Explanation: As the name suggests mass customization refers to customizing at a large level. In simple words it refers to a process in which an organisation combines the benefits of mass production with the benefits of customization.
This is done by the organisations when the majority of customer base is asking for a particular change or addition in the existing commodity.
Hence from the above we can conclude that the correct option is first statement.
Smith and Associates had $55,000 in cash at year-end 2012 and $15,000 in cash at year-end 2013. Cash flow from long-term operating activities totaled $–240,000, and cash flow from investing activities totaled $130,000. What was the cash flow from financing activities?
Answer: negative balance of $410,000
Explanation: The given activities relates to the cash flow statement. The cash flow statement shows the uses and sources of cash within an accounting period so that the accountant can calculate and analyze the change in balance of cash from beginning to the end.
Therefore,The sum of the balance of three activities and the opening balance is equal to the ending cash balance. Hence :-
$55,000 + $240,000 + $130,000 + financing activity balance = $15,000
therefore,
financing activity balance = ($410,000)
Which of the following statements about segmenting is accurate? Multiple Choice It is the process of positioning a product in the customer’s mind. It usually results in firms aiming at heterogeneous and less profitable markets. It assumes that each individual should be treated as a separate target market. It tries to aggregate individuals who have similar needs and characteristics. It is essentially a disaggregating, or "break it down," process.
Answer:
It tries to aggregate individuals who have similar needs and characteristics.
Explanation:
Segmentation entails dividing a large market of potential customers into smaller and clearly identified groups based on different characteristics. Customers may be divided based on geographical location, demographic characteristics, behavioral traits etc. Segmenting enables businesses to create marketing campaigns that target specific customer groups.
The accurate statement related to segmenting is that it attempts to group individuals who have similar needs and characteristics. Segmentation divides a market into subsets of consumers with similar requirements, allowing businesses to tailor their products and strategies more specifically.
Explanation:The correct statement about segmenting is: It tries to aggregate individuals who have similar needs and characteristics.
Segmenting refers to the process by which a market is divided into distinct subsets of consumers with similar needs and characteristics. This approach assumes that each segment will respond to the market in the same way. Consequently, businesses use this strategy to more precisely tailor their products, marketing, and customer engagement efforts to meet the unique requirements of a specific group, ultimately driving profits and efficiency.
Segmenting doesn't involve positioning a product in the customer's mind - this refers to positioning or branding. It does not always result in firms aiming at heterogeneous and less profitable markets. Rather, it often permits firms to focus on the most profitable segments. And while segmenting does distinguish different customer groups, it doesn't treat each individual as a separate market.
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Gordon makes a trip to his financial institution one morning. He has conducted all of his banking transactions at the institution for more than twenty years. Today he walks out with a loan on his new home and one for a new boat. What method of financing has Gordon secured
Answer: Commercial financing
Explanation: In simple words, commercial financing refers to the financing by the banks or other such financial institution. The financing is done by banks in the form of loans which are secured by any relative assets. However, banks sometimes lends on the basis of cash flows.
In the given case, Gordon took a loan from the financial institution for a new home and a boat.
Hence from the above we can conclude that Gordon has used commercial financing.
For an initial fee plus royalties, Flamingo Inc., a U.S.-based firm, will provide Capside Textiles, a firm based in Ukraine, with training, marketing and advertising assistance, and exclusive rights to conduct Flamingo's business in Ukraine. This form of global business is an example of a _____.
Answer:
The correct answer is Franchising.
Explanation:
Franchising is a type of contract used in commerce through which a party called a franchisor assigns to another franchisee a license for a commercial exploitation as well as methods, procedures and technology in exchange for periodic payments.
The franchise consists in taking advantage of the experience of an already positioned company that has achieved a remarkable competitive advantage and great recognition in the market. This advantage can consist of a prestigious brand, patented products or methods or, simply, a deep knowledge of the business that makes you aware of the formula to obtain benefits. Through the franchise agreement, the franchisor agrees to transfer part of those securities to the franchisee and he achieves a significant reduction in investment requirements as well as risk, since he works on something that is already known and has had experience.
The form of global business where Flamingo Inc. provides Capside Textiles the rights and support to operate its business in Ukraine is an example of a franchise.
Explanation:For an initial fee plus royalties, Flamingo Inc., a U.S.-based firm, provides Capside Textiles, a firm based in Ukraine, with training, marketing and advertising assistance, and exclusive rights to conduct Flamingo's business in Ukraine. This form of global business is an example of a franchise. A franchise is a business strategy where the franchisee (Capside Textiles) pays an initial fee and ongoing royalties to the franchisor (Flamingo Inc.) to use the company's brand, operate under its business model, and receive support in various forms. This allows for the expansion and distribution of services and products internationally, adapting to local markets while maintaining brand consistency.
Franchising is a prominent example of globalization in business, showcasing how companies adapt their strategies to enter new markets and compete on a global scale. It is common in various sectors including fast food, retail, and services. The influence of American corporations and franchisors is widespread, signifying the country's role in global markets and the reach of Americanism in entrepreneurship.
Jose deposits a $400 check in College Bank. The reserve requirement is 20%. Required reserves are $_____. Please choose the correct answer from the following choices, and then select the submit answer button. Answer choices 80 320 400 480
Answer:
80
Explanation:
As for the required reserve balance the information is provided as follows:
Total amount deposited by Jose = $400
Provided the reserve balance = 20%
Therefore, reserve balance from this payment = $400 [tex]\times[/tex] 20% = $80.
As it is not specified clearly, that this $400 is inclusive or exclusive of the reserve balance, it is assumed that reserve will be created out of such balance.
Therefore, reserve maintained from this $400 = $80 and the rest $400 - $80 = $320 will be usable freely, without any restrictions.
Sue, a resident of Somerset County, Maryland, and David, a resident of Broome County, New York, are fighting over land located in Sussex County, Delaware. Under traditional rules of venue, the trial to determine ownership would take place in _______.
Answer:
Sussex County
Explanation:
According to my research on property ownership disputes, I can say that based on the information provided within the question the trial to determine ownership would take place in Sussex County. This is because according to United States laws on real estate and land ownership, all land ownership disputes are handles in the courts of the location in which the land being disputed is located.
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Under traditional rules, the legal dispute over property ownership would be held in Sussex County, Delaware, where the disputed land is located.
Explanation:In traditional property law disputes, the venue for a trial is generally the location where the disputed property is situated. In this case, Sue from Somerset County, Maryland, and David from Broome County, New York are disputing over land located in Sussex County, Delaware. Therefore, under traditional rules of venue, the trial to determine ownership would take place in Sussex County, Delaware, regardless of where the parties themselves reside. The options provided (Bucks County, Pennsylvania; Nassau County, New York; near Newark, New Jersey; near Pittsburgh, Pennsylvania) do not include the location of the disputed land, thus they do not apply.
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What would be your future account value (after-tax and after-inflation) if you invested $125 each month into a growth mutual fund for 20 years? Assume an average annual rate of return of 12.5 percent. Assume a combined federal and state income tax of 24% and an average inflation rate of 3.8% over the 20-year period.
Answer:
future value is $4353.89
Explanation:
given data
invested = $125 each month
time = 20 year
rate of return = 12.5 %
federal and state income tax = 24% = 0.24
inflation rate = 3.8% = 0.038
to find out
future value (after-tax and after-inflation)
solution
first we find here real rate of return by given formula that is
1+ real rate of return = [tex]\frac{1 + nominal return rate}{1+inflation rate}[/tex] ...................1
so here nominal return rate is = 12.5% ( 1 - 24% ) = 9.5% = 0.095
so
1+ real rate of return = [tex]\frac{1 +0.095}{1+0.038}[/tex]
real rate of return = 0.05491
so real rate of return is 5.49%
so
future value formula is express as
future value = [tex]investment * \frac{(1+r)^{n} -1}{r}[/tex] ............2
put here value
future value = [tex]125 * \frac{(1+0.0549)^{20} -1}{0.0549}[/tex]
future value = 4353.89
so future value is $4353.89
What is the difference between accounts receivable and accounts payable?
Answer:
What is the difference between accounts receivable and accounts payable?
Explanation:
Accounts receivable are the amounts owed to a company by its customers. Receivables are classified as a current asset.
Accounts payable are the amounts that a company owes to its suppliers. Payables are classified as a current liability