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Gnoma [55]
3 years ago
12

Which one of the following statements is correct? All of the major stock exchanges are U.S. based. The NYSE was created by the N

ational Association of Securities Dealers in the early 1930s. The Chicago Stock Exchange is a dealer market. OTC markets have a physical trading floor generally located in either New York City or Chicago. The primary purpose of the NYSE is to match buyers with sellers.
Business
1 answer:
abruzzese [7]3 years ago
3 0

Answer:

The primary purpose of the NYSE is to match buyers with sellers.

Explanation:

The New York Stock Exchange (NYSE) is a collection of domestic and foreign securities, including stocks, bonds and other investments traded in a public market for investors to buy and sell

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Windspire is starting a firm in the small-scale wind-generated power industry. This industry is still so new that no standard op
liq [111]

Answer:

Emerging

Explanation:

An emerging industry is a group of companies that is created around a new product or idea that is still in the early stages of development. An emerging industry consists of just a small number companies and is often centered around new technology. A example is the small wind generated power industry because wind is not a common source that is used for the generation of power.

4 0
3 years ago
You plan to retire in 19 years. At the point of retirement, you want to be able to withdraw 32,877 at the end of each year forev
xz_007 [3.2K]

Since no any further contributions will be made to the retirement fund, the amount you need today is $172,014.

<h3>Calculation of Present Value and Present Value of a Perpetuity</h3>

The first step is to calculate the present value (PV) of the contribution at the point of retirement in 19 years using the formula for calculating the present value (PV) of perpetuity as follows:

PV in 19 years = CF / R ............................................. (1)

Where;

PV in 19 years = Present value (PV) of the contribution at the point of retirement in 19 years = ?

CF = Cash flow or yearly expected withdrawal = $32,877

R = Rate of return after retirement = 5.02%, or 0.0502

Substituting the values into equation (1), we have:

PV in 19 years = $32,877 / 0.0502 = $654,920.3187251

The amount you need today can be calculated using the present value formula as follows:

PV = FV / (1 + r)^n ……………………………………………. (2)

Where;

PV = Present value or the amount you need today = ?

FV = Future value or PV in 19 years = $654,920.3187251

r = rate of return prior to retirement = 7.29%, or 0.0729

n = number of years = 19

Substituting the values into equation (2), we have:

PV = $654,920.3187251 / (1 + 0.0729)^19 = $654,920.3187251 / 3.80737505803714 =  $172,013.607470218

Rounding to the nearest dollar, we have:

PV = $172,014

Therefore, the amount you need today is $172,014.

Learn more about present value here: brainly.com/question/17322936.

3 0
2 years ago
Discuss the unique marketing characteristics a product or service required based on the specific phase of the product life cycle
laiz [17]

Answer: The product life cycle of a unique marketing can be characterized by introduction, growth, maturity and decline.

Explanation:

The product life cycle of a unique marketing can be characterized by introduction, growth, maturity and decline.

Introduction; This is viewed as an entry level into the market. Where the goods begin to gain a little recognition

Growth; this is described as a movement from introduction to a fast or slow consistent rapid growth of the product in the market.

Maturity; is described as the growth from the growth category, where the product gain some market stability and is now known by the public.

Decline; is the stage of slow and loss of recognition in the market space which could be caused by lack of creativity or consistency drop

While some products may stay in a prolonged maturity state, all products eventually phase out of the market due to several factors including saturation, increased competition, decreased demand and dropping sales

5 0
2 years ago
Sherman, who owns property in a life estate, neglects the property, significantly diminishing its value. this is called ______.
asambeis [7]

Sherman, who owns property in a life estate, neglects the property, significantly diminishing its value. This is called a<u>n act of waste</u>.

The diminishing value technique assumes that the cost of a depreciating asset decreases extra within the early years of its effective life.

Basically, you take the number 2 hundred and divide it by the object's effective existence. For instance, 10 years, and specific that as a percentage (two hundred/10 = 20% in this example). The depreciation price applies to the faded cost of the asset after it's been depreciated every 12 months.

In the diminishing value approach, depreciation is calculated on the e-book cost of the asset at the start of the year rather than the precept amount with constant percent. on this, the percentage is identical however depreciation quantity steadily decreases as it's far completed on book value.

Learn  more about diminishing value here brainly.com/question/18633836

#SPJ4

3 0
2 years ago
The owner of a bicycle repair shop forecasts revenues of $160,000 a year. Variable costs will be $50,000, and rental costs for t
andre [41]

Answer:

A. $66,000  

B. $66,000  

C. $66,000  

Explanation:

Dollars in dollars out can be easily understood by just deducting cash expenses from the revenue received from cash sales. we can not deduct depreciation expense as it is a non-cash item.

DATA

Revenue = 160,000

Variable cost = 50,000

Rental cost = 30,000

Depreciation = 10,000

Profit before tax = 70,000

Tax (70,000 x 20%) = 14,000

Net Income = 56,000

a) Dollars in minus dollars out

Dollars in minus dollars out  = Revenue - rental costs - variable costs - taxes Dollars in minus dollars out = $160,000 - $30,000 - $50,000 - $14,000

Dollars in minus dollars out  = $66,000  

b) Adjusted accounting profits

Operating cash flow = Net income + depreciation

Operating cash flow = $56,000 + $10,000

Operating cash flow = $66,000

c) Add back depreciation tax shield

Operating cash flow = [(Revenue - rental costs - variable costs) × (1 - 0.2)] + (depreciation × 0.2)]

Operating cash flow = ($160,000 - $30000 - $50,000)*0.8 + $10,000*0.2 Operating cash flow = $66,000

3 0
3 years ago
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