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zloy xaker [14]
2 years ago
12

Raymond estimates that the fixed costs associated with opening a new bank branch are $500,000. He expects the branch to attract

1,000 new customer accounts in the first year, each of which will cost $50 per year to service. He also expects to generate $100,000 per year in revenue. For Raymond, the total cost of opening the new branch and remaining open for one year will be:___________.
A. $550,000.
B. $650,000.
C. $450,000.
D. $500,000.
E. $605,000.
Business
1 answer:
Butoxors [25]2 years ago
5 0

Answer:

= $550,000.

Explanation:

Given that:

  • Fixed cost = $500,000
  • 1,000 new customer accounts in the first year
  • Cost $50 per year to service

As we know that :

the total cost of opening the new branch and remaining open for one year = fixed cost + variable cost

= $500,000 + (50*1000)

=  $500,000 + $50,000

= $550,000

Hope it will find you well.

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Tax savings generated from deductions are considered cash inflows.
lubasha [3.4K]
Tax savings generated from deductions are considered cash inflows.

Answer: false

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3 0
3 years ago
The foreign exchange market is a market for converting the currency of one country into that of another country.
3241004551 [841]

Answer:

a. True

Explanation:

The foreign exchange market is a market for converting the currency of one country into that of another country.

For example, the conversion of dollars of the United States of America can be converted into naira (Nigeria) at the foreign exchange market.

Efficient market school is the market school which argues that forward exchange rates do the best possible job for forecasting future spot exchange rates, so investing in exchange rate forecasting services would be a waste of time because it is impossible to have a consistent alpha generation on a risk adjusted excess returns basis as market prices are only affected by new informations.

The efficient market school also known as the efficient market hypothesis (EMH) is a hypothesis that states that asset (share) prices reflect all information and it is very much impossible to consistently beat the market.

Also, forward exchange rates are exchange rates controlling foreign exchange transactions at a specific future date or time.

4 0
2 years ago
Ultimate Sportswear has $100,000 of 8 noncumulative, nonparticipating, preferred stock outstanding. Ultimate Sportswear also has
andrew-mc [135]

Answer:

Preferred dividend = $8,000

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Explanation:

The computation of dividend is shown below:-

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3 years ago
Which of the following statements is true of comparative negligence? Group of answer choices It allows a plaintiff to claim dama
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<h3>What is an inference?</h3>

It should be noted that an inference simply means the conclusion that can be deduced from the information given.

In this case, the inference illustrates that the true statement about comparative intelligence is that it compares a plantiffs fault with a defendant's and reduces the damage award proportionally.

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3 0
1 year ago
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A promissory note
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Answer: c. may be used to settle an accounts receivable.

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