You have the option of two equally risk annuity, each paying $5,000 per year for 8 years. The is an annuity due and the other is an ordinary annuity. If you are going to be receiving the annuity payments, the annuity due would you choose to maximize your wealth.
What is an Ordinary Annuity?
An ordinary annuity is a series of equal payment made at the end of consecutive periods over a fixed length of time. An standard annuity's payments can be paid as frequently as weekly, although in reality they are typically made monthly, quarterly, mid-annually, or yearly. An annuity due is the reverse of a Ordinary annuity in that payment are issued at the start of each period. Although they are connected, these two payments schedules differ from the financial instrument known as an annuity.
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Answer:
Explanation:
A bear market, refers to a stock market in which the stock and index prices are generally expected to fall, have been or are falling. In contrast, a bull market refers to a stock market where share or index prices are expected to rise, have been or are rising. These terms are figuratively derived from the two animals’ fighting tactics. A bull will charge forward and horns up thus a rise, while a bear will thrust its paws downwards, thus a decline.
Answer:
A. $5,250
Explanation:
As for the provided details we have,
The total cost of work in process on 31 March = $14,000
In this amount included as cost of direct labor = $5,000
This means the remaining amount $14,000 - $5,000 = 9,000 relates to cost of direct material and cost of manufacturing overheads.
Also provided that manufacturing overheads are applied using the predetermined rate of 75% of direct labor.
Thus, amount charged to work in process inventory for manufacturing overheads shall be $5,000 direct labor cost 
75% = $3,750
Thus, direct material cost in work in process = $14,000 - $5,000 - $3,750 = $5,250
The difference between monopolistic competition and pure competition is that compared to pure competition, monopolistic competition has fewer firms, product differentiation, some price control, and relatively easy but not barrier-free entry.
Monopolistic competition occurs when many companies offer competing products or services that are similar but not perfect substitutes. Barriers to entry in a proprietary and highly competitive industry are low, and no single firm's decisions directly affect its competitors.
The best examples of purely competitive markets are agricultural commodities such as corn, wheat and soybeans. Monopolistic competition, like pure competition, has many suppliers and low barriers to entry.
In pure competition, all products are similar. Products may not all be the same and may not be exactly the same in packaging, color, and shape. Since the products are the same, buyers often have no product preferences and buy all products equally.
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Answer:
The economic losses due to power interruptions are estimated to cost between one and five% of the GDP of countries across Sub-Saharan Africa. South Africa's GDP was forecast to grow less than one per cent last year, with the problems at Eskom being one of the main contributing factors.
Explanation:
