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Luba_88 [7]
3 years ago
9

Lloyd is a divorce attorney who practices law in Florida. He wants to join the American Divorce Lawyers Association (ADLA). The

membership dues for the ADLA are $750 per year and must be paid at the beginning of each year. However, the ADLA also has an option for members to buy a lifetime membership today for $8,000 and never have to pay annual membership dues.
Obviously, the lifetime membership isn't a good deal if you only remain a member for a couple of years, but if you remain a member for 40 years, it's a great deal. Suppose that the appropriate interest rate is 7.9%. What is the minimum number of years that Lloyd must remain a member of the ADLA so that the lifetime membership is cheaper (on a present value basis) than paying $750 in annual membership dues?
Business
1 answer:
Rasek [7]3 years ago
8 0

Answer:

13 years

Explanation:

Note that, if we add the annual interest rate of 7.9% to $8000 [(0.079*8000)+8000] we get a total value of $8632. We perform random division of the 8632 with 11 12, 13 years we note that at 13 years the total annual payment is lowest.

Such that 8632/13 years= $664 lower than paying $750.

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Jerome received an unplanned message because Brewster's could not predict that this event would happen to Jerome and certainly did not plan for this negative experience to occur.

4 0
3 years ago
Describe each term below and provide an example of a company (real or imagined) that uses this concept. Describe how it impacts
blagie [28]

Answer:

All are type of the computer systems.

Explanation:

  • A distributed processing system is a phase that is used to refers to refers to the variety of the computer systems and includes the compact processing and on the different systems and coordinates their actions by passing messages to each other.  
  • The decentralized system is the transmission between the computer periodically and in limiting the daily communication and is opposite of the high sped and the data processing. The example of the decentralized system is the file-sharing through the scanner and the modern and the printers.
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5 0
3 years ago
Different customer statement types are available to suit different client situations. Heather wants to help her client send out
motikmotik

Answer: b. Open Item

Explanation:

The statement that Heather wants to help a client send out is to include unpaid invoices, unapplied payments, and Credit Memos which are essentially signs that the creditor has not been paid.

An open item statement would therefore work best because it is to include open accounts that are yet to be paid so will include all those entries described above.

8 0
2 years ago
Effective _______ is when customers can seamlessly search for a fashion brand merchandise on their smartphones, order the mercha
nordsb [41]

Answer:

The answer is: A) omnichannel distribution

Explanation:

Onmichannel distribution is a multichannel approach to sales were customers are provided with a seamless shopping experience by integrating operations between brick and mortar stores and online shopping.

The internet changed our world and made information available anywhere, anytime. So shoppers can now buy something online at 11 PM while lying on their beds and they can decide to get the products sent home or pick them up at a store by themselves.

Companies that aren´t able to offer this type of shopping experience will tend to disappear (i.e. Sears).

3 0
3 years ago
Which of the following is TRUE of brokers? a. Brokers bring buyers and sellers together and assist in negotiation. b. Brokers re
yuradex [85]

Answer:

a. Brokers bring buyers and sellers together and assist in negotiation.

Explanation:

Brokers are a kind of agents as, they help the buyers find the sellers, and the sellers to find the buyers.

They help in price negotiations and settling the deals. They are hired for individual deals, and not for a specified period.

They do not get any payments in the form of salary, but they get payment in the form of commission, based on the price of settlement of the deal.

3 0
3 years ago
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