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Maru [420]
4 years ago
6

A specific present value of an ordinary annuity factor for a given number of periods and a specific discount rate is equal to th

e cumulative sum of the present value of single sum factors over the given number of periods for that discount rate.1. True2. False
Business
1 answer:
tekilochka [14]4 years ago
4 0

Answer:

True

Explanation:

This is true because if we add all the discounts factor of a particular rate 10% (suppose) for 10 years (suppose). Then the sum will be equal to the annuity factor at 10 years time. This is what the statement is saying above so it is 110% true.

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On June 1, Norma Company signed a 12-month lease for warehouse space. The lease requires monthly rent of $550, with 4 months pai
Sati [7]

Answer:

Balance = $1,650

Explanation:

As Norma company has paid 4 months rent in advance, therefore at the end of June, norma company will record its 1-month expense as follows

Adjusting entry at the end of June would be

                             DEBIT       CREDIT

Entry

Rent Expense     $550

Prepaid Rent                         $550

The balance on Norma's prepaid expense would be

Prepaid Rent  = $2200

Rent Expense = ($550)

Balance = $1,650

7 0
4 years ago
Delectable, a fast food chain, emphasizes a lot on things like how the staffs are dressed, how the food is presented, as well as
Anarel [89]

Answer:

C) Tangibles

Explanation:

The five variables of service quality are:

  1. tangibles
  2. reliability
  3. responsiveness
  4. assurance
  5. empathy

The tangibles variable basically refers to the physical environment, the facilities, equipment, staff and other communication materials displayed by the store or restaurant.

3 0
4 years ago
Which of the following is not a duty of the California Insurance Commissioner?
Masja [62]

Answer:

writing insurance laws  

Explanation:

The given question is incomplete and full is here:

Which of the following is NOT a duty of the Insurance Commissioner?

A. maintaining records

B. issuing certificates of authority to transact insurance business

C. writing insurance laws

D. conducting hearings

answer is C because there is authority known as NAIC (National Association of Insurance Commissioners) to formulate and regulate insurance laws

8 0
4 years ago
Werkley Inc. is a product manufacturing company. It relies on its suppliers for raw materials, on the labor market for its perso
mariarad [96]

Answer:

(d) task environment

Explanation:

Task environment relates to the external environment of a business which directly affects production of goods and services a business has to offer. This affects a business ability to reach it's goals. It comprises of:

  1. Suppliers : They supply raw materials which are essential for production.
  2. Customers: They are the ultimate users of goods. Customer wants and preferences determines the kind of product a business shall produce.
  3. Competitors: They affect the pricing of goods. Their strategies directly affect the business.
  4. Labor Supply: For any production to take place, man and material are essential. Labor supply in the market again affects pricing of the goods.

Thus, the suppliers, the labor market, and the customers make up the <u>task environment</u> of Werkley Inc.

8 0
4 years ago
Ingrid has been waiting for the show "Mamma Mia!" to come to town. When it finally does come, tickets cost $60. Ingrid's reserva
Semenov [28]

Answer: inefficient because Steven and Ingrid could have made a mutually beneficial trade.

Explanation:

Regarding the question, Ingrid was waiting for "Mamma Mia!" show to come to town; it eventually came with tickets cost of $60. Even though Ingrid's reservation price was $75, he was not able to get a ticket as they had been sold out.

On the other hand, Steven got a ticket for $60 even though his reservation price for the ticket was $65. Steven eventually attended "Mamma Mia!" show while Ingrid does not. This is an inefficient situation because Steven and Ingrid should have made a mutually beneficial trade which could have happened if Steven had sold Ingrid the ticket for the show for $70 and they would have been better off.

4 0
4 years ago
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