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1 year ago

A(n) _____ is a service offered by mutual funds that helps an investor earn compound interest on their investments

1 answer:

4 0

An automatic reinvestment plan is a service offered by mutual funds that helps an investor earn compound interest on their investments

Mutual fund pools assets from shareholders to invest in securities like stocks, bonds, money market instruments, and other assets. they give access to individual or small investors to professionally manage portfolios of bonds, equities, and other securities.

They provide a service called an automatic reinvestment plan, in which they reinvest the investment gains back into an investor's portfolio rather than paying them out as distributions. the benefit of an Automatic reinvestment plan is of getting compound interest, It different from another service they provide which is an automatic investment plan, which just allows the investors to contribute money to an investment account on a regular interval and to invest in a pre-set portfolio.

To know more about automatic reinvestment plan refer to the link brainly.com/question/15850134?referrer=searchResults.

To know more about Automatic Investment Plan refer to the link brainly.com/question/3463363?referrer=searchResults.

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Clancy is a bus driver who enjoys donuts and muffins. Suppose that the price of donuts increases. As a result, the purchasing po

FromTheMoon [43]

Answer:

INCOME EFFECT

Explanation:

Income Effect means change in real income/ purchasing power due to change in price, income staying same.

Price Increase reduces real income/ purchasing power, income staying same - because consumer can purchase less from same income.
Price decrease increases real income/ purchasing power, income staying same - because consumer can purchase more from same income.

Eg: Income, price of a consumer = Rs100, Rs10 respectively.

Real Income = Income/price = 100/10 = 10. Price fall to 8 increases purchasing power to 12.5 (100/8). Price rise to 12 decreases purchasing power to 8.3 (100/12).

Income Effect : stating - lower purchasing power at higher prices, reduces consumption of all goods and higher purchasing power at lower prices, increases consumption of all goods.

3 0

3 years ago

Delux Technologies makes and sells only one product, a high-quality processor for mainframe computers. Delux was recently approa

Anton [14]

Answer:

Imagination Station is engaging in Vertical Integration.

Explanation:

Vertical Integration is a business strategy whereby a firm acquires businesses that provide the supplies it needs to make its products or that makes and sell its products.

In this context, Delux Technologies makes and sells only one product, a high-quality processor for mainframe computers and was approached by Imagination Station, a large computer manufacturer about purchasing their company.

4 0

3 years ago

Read 2 more answers

purchased a new piece of equipment for its research lab on January 1, 2015 for $45,200. The equipment is expected to have a usef

Murljashka [212]

Answer:

The gain recognized on the equipment is $6,550

Explanation:

A straight-line depreciation method distributes depreciation costs evenly throughout the useful life of the equipment, and depreciation per year using this method is calculated thus:

Depreciation per year = (Cost of equipment - salvage value) ÷ useful life

= (45,200 - 6,100) ÷ 4 = 39,100 ÷ 4 = $9,775

This means that each year, the machine depreciates by a value of $9,775.

Next, we are given that the machine was sold for $32,200 after two years, to determine if a profit or loss was made, we will calculate the expected residual value after two years, and find the difference between this value and the selling price. The residual value is calculated thus:

Residual value = Cost of equipment - (depreciation per year × number of years used)

Residual value = 45,200 - ( 9,775 × 2 )

Residual value = 45,200 - 19,550 = $25,650

Difference between residual value and selling price = 32,200 - 25,650 = $6,550 (profit was made since the selling price was higher than the value of the equipment)

8 0

3 years ago

1. Which of the following is a benefit of channels of distribution:

lara31 [8.8K]

Answer:

a We can more easily obtain products from all over the world

5 0

3 years ago

Manufacturing cost data for Orlando Company, which uses a job order cost system, are presented below. Indicate the missing amoun

denis23 [38]

Answer:

Orlando Company

Indication of the missing amount for each letter:

a) = $53,150 ($145,650 - 50,000 - 42,500)

b) = $55,850 (201,500 - 145,650)

c) = $9,200 (201,500 - $192,300)

d) = $119,000 ($140,000 * 85%)

e) = $342,000 ($83,000 + $140,000 + $119,000)

f) = $357,500 ($342,000 + $15,500)

g) = $345,700 ($357,500 - $11,800)

h) = $81,000 = ($149,850 * 100/185)

h) and i) = $149,850 ($213,000 - $63,150)

$149,850 = 185% (100 + 85%)

i) = $68,850 ($149,850 * 85/185)

j) = $231,000 ($213,000 + $18,000)

k) = $9,000 ($231,000 - $222,000)

Explanation:

a) Data and Calculations:

Job 1 Job 2 Job 3

Direct materials used $(a) $83,000 $63,150

Direct labor 50,000 140,000 (h)

Manufacturing overhead applied 42,500 (d) (i)

Total manufacturing costs 145,650 (e) 213,000

Work in process 1/1/14 (b) 15,500 18,000

Total cost of work in process 201,500 (f) (j)

Work in process 12/31/14 (c) 11,800 (k)

Cost of goods manufactured 192,300 (g) 222,000

Job 1 Job 2 Job 3

Direct materials used $53,150 $83,000 $63,150

Direct labor 50,000 140,000 81,000

Manufacturing overhead applied 42,500 119,000 68,850

Total manufacturing costs 145,650 342,000 213,000

Work in process 1/1/14 55,850 15,500 18,000

Total cost of work in process 201,500 357,500 231,000

Work in process 12/31/14 9,200 11,800 9,000

Cost of goods manufactured 192,300 345,700 222,000

a) = $53,150 ($145,650 - 50,000 - 42,500)

b) = $55,850 (201,500 - 145,650)

c) = $9,200 (201,500 - $192,300)

d) = $119,000 ($140,000 * 85%)

e) = $342,000 ($83,000 + $140,000 + $119,000)

f) = $357,500 ($342,000 + $15,500)

g) = $345,700 ($357,500 - $11,800)

h) = $81,000 = ($149,850 * 100/185)

h and 1 = $149,850 ($213,000 - $63,150)

$149,850 = 185%

i) = $68,850 ($149,850 * 85/185)

j) = $231,000 ($213,000 + $18,000)

k) = $9,000 ($231,000 - $222,000)

6 0

3 years ago