Answer:
a golf resort and a ski resort
Explanation:
Complementary resources are those ones that can substitute for each other, and when taken together consumer uses less of both resources than when they are taken seperately.
A ski resort and a golf resort are both facilities that are used by sports enthusiasts.
So for example if there are 40 sports enthusiasts they can use the golf resort, the ski resort, or a combination of both.
Answer:
e. has all of these characteristics.
Explanation:
A generic market has the characteristic of fulfilling similar needs in number of manners for the customers.
In this manner the ultimate goal of different customers, which is same is achieved by this market.
As for example in the season of winters, the ultimate goal is to feel warm,
For this, some producers or sellers offer, hot cup of coffee, or soup, and some might offer air warmers for the house, some might offer to buy jackets!
Ultimately there are different customers with common goal, but different needs, and different suppliers fulfilling common needs.
Thus, all of the above statements are true about generic market.
Answer:
Option D) 1,200 shares held at a cost basis of $37.50 per share
Explanation:
Data provided in the question:
Number of shares of ABC stocks purchased by the customer = 1,000
Price per share of ABC stock = $44
Commission paid = $1.00 per share
Stock dividend declared = 20%
Now,
The Payment of a stock dividend will increase the number of shares held by the investor
also,
each share is theoretically worth less after the stock dividend is paid.
Therefore,
The number of shares customer will have = Shares purchased × (1 + Dividend declared)
= 1000 × ( 1 + 0.20)
= 1200 shares
Also,
Cost basis for the share = Selling price + Commission
= $44 + $1
= $45
Thus,
The adjusted cost basis = $45 ÷ 1.20
= $37.50 per share
Hence,
Option D) 1,200 shares held at a cost basis of $37.50 per share
Answer:
19.7%
Explanation:
The modified internal rate of return is a capital budgeting method used to determine the profitability of an investment. The MIRR assumes that cash inflows are reinvested at the firm's cost of capital and outflows are financed at the firm's financing cost.
MIRR = (Future value of a firm's cash inflow / present value of the firm's cash outflow)^ (1/n) - 1
Future value = payment x[ (1 + interest rate)^n - 1 ] / interest rate
$193,000 x (1.17^5) - 1 / 0.17 = 1353779.24
1353779.24 / $551,000) ^0.2 - 1 = 19.7%
