Answer:
B. Has authority to withdraw funds from a client's account for the benefit of the adviser for the payment of the quarterly advisory fees.
Explanation:
The trend this business is following is necessities, since those are things we need.
Answer:
To maximize income, Kelvin should use 5445 hours to replace 165 shocks.
Explanation:
The number of hours taken for replacing the shocks is 1.5 times higher than replacing the brakes. (1.5 = 33 hours/ 22 hours)
While the income from replacing the shocks is double/ 2 times higher than replacing the brakes (2.0 = $500500/$250250)
It’s viable that replacing the shocks is more effective in term of income compared to hours taken.
If Kevin use his maximum 5,454 hours a week for replacing the shocks, then he can replace 165 shocks and earn $82,582,500.
If the customer resource is unlimited, then it It is better to focus on replacing shocks only.
Answer:
The correct answer is option b.
Explanation:
A steep demand curve implies that the demand is relatively inelastic. In other words, a significant change in price will cause a small change in the quantity demanded.
A flatter demand curve, on the contrary, implies that a small change in price will cause a greater change in quantity demanded. In other words, demand is relatively elastic.
A change in price will not cause demand to change if the elasticity of demand is perfectly inelastic or when the demand curve is a vertical line.
A change in demand will be equal to the change in price if demand is unitary elastic.
Answer:
$56,520
Explanation:
As per given data
Year Sales Working Capital 18%
0 $279,000 ($50,220)
1 $308,000 ($5,220)
2 $314,000 ($1,080)
3 $314,000 $0
4 $314,000 $56,520
As the sales value of year 2, 3 and 4 are same, as capital is adjusted in year 2 and company has equal working capital required in year 3, years 4 is the last year of the project so, working capital will be recovered from the project
Net Working capital will be reimbursed at the end of the project. The accumulated value of investment in working capital will be recorded as cash inflow in the analysis.