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Viefleur [7K]
3 years ago
11

Sharon Tate has a mutual fund and she has all dividend income and capital gains income used to purchase additional shares in her

mutual fund. Which of the following plans is she using?
A) A voluntary savings plan

B) A reinvestment plan

C) A regular account transaction

D) A contractual savings plan
Business
2 answers:
Leno4ka [110]3 years ago
5 0
B. A Reinvestment Plan.

Hope this help! :)
Art [367]3 years ago
3 0

Answer:

B) A reinvestment plan

Explanation:

A reinvestment plan is a program that allows investors to reinvest their gains (usually dividends) in more shares of the same corporation or mutual fund. Even though investors do not cash their dividends, they must still pay taxes for them.

In this case, Sharon is using her dividend cash payments purchase more stocks of the same mutual fund.

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Suppose that you invest $100 today in a risk-free investment and let the 6 percent annual interest rate compound. What will be t
Kipish [7]

Solution :

It is given that :

Amount of investment or the principle amount , P = $ 100

Time of investment , t = 6 years

Rate of interest compounded annually r = 6 %

Therefore the future amount of this investment in a 6 year time is given by,

$FV=P(1+\frac{r}{100})^t

$FV=100(1+\frac{6}{100})^6

$FV=100(1+0.06)^6

$FV= 100 (1.4185)$

$FV=141$

Therefore, after 6 years the investment of $ 100 will give an amount of $ 141.

3 0
3 years ago
Question 1 (2 points)
inn [45]

Answer:

True

Explanation:

The principal purpose of building a business is to make profits.  A business must provide solutions to particular needs and wants in the community to attract customers. Different entrepreneurs will offer alternative or similar solutions to a specific situation.

Anyone starting a business will target a particular set of customers. He or she must be ready to complete for those customers with other like-minded entrepreneurs. Competition is good in business as it makes entrepreneurs innovate on the best ways to serve their customers. It also gives customers alternatives.

8 0
3 years ago
Horizontal analysis is a technique for evaluating a series of financial statement data over a period of time
coldgirl [10]

Answer:

Option C                

Explanation:

In simple words, Horizontal analysis ( also referred to as pattern analysis) is indeed a method for the study of financial records that indicates improvements in the sums of the related products over a span of time. This is a valuable tool for determining pattern circumstances. The reports are being used in horizontal analysis for two different time intervals and is compared on percentage basis.

4 0
3 years ago
Gipple Corporation makes a product that uses a material with the quantity standard of 7.8 grams per unit of output and the price
Roman55 [17]

Answer:

The correct answer is B.

Explanation:

Giving the following information:

Standard quantity= 7.8 grams per unit of output

Standard price= $6.50 per gram.

During the month the company purchased 27,900 grams of the direct material at $6.70 per gram.

To calculate the material price variance, we need to use the following formula:

Direct material price variance= (standard price - actual price)*actual quantity

Direct material price variance= (6.5 - 6.7)*27,900

Direct material price variance= $5,580 unfavorable.

It is unfavorable because the actual price was higher than estimated.

4 0
3 years ago
One advantage of the lifo method is that
tatyana61 [14]
The answer to the question is c 
8 0
3 years ago
Read 2 more answers
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