It is a false statement that the existence of financial middlemen and financial intermediaries increases the efficiency of the financial market
<h3>Who are financial intermediaries?</h3>
This refers to those entities that acts as the middleman between two parties in a financial transaction such as a commercial bank, investment bank, mutual fund, or pension fund. They offer a number of benefits to the average consumer such as safety, liquidity, and economies of scale involved in banking and asset management.
However, It is a false statement that the existence of financial middlemen and financial intermediaries increases the efficiency of the financial market because only the buyers and seller influence an efficiency of the financial market.
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Answer:
The correct answer is letter "A": A mercantilist philosophy.
Explanation:
The mercantilist philosophy is the economic approach whereby governments control their economies to reduce imports and maximize exports. It is believed that by taking such a measure, the wealth of the nation would increase as a result of the surplus in the balance of trade of the country. The trade balance is calculated by subtracting imports from exports.
Answer: 2.74 years
Explanation:
Payback Period is a method of capital budgeting that works by checking how long the project will take to repay the investment outlay.
The formula is;
Payback Period = Year before Payback Period occurs + 
Initial Outlay = $4,650
First Year = $1,350
Second Year = $2,450
Third Year = $1,150
First year + second year = 1,350 + 2,450 = $3,800
Remaining till repayment = 4,650 - 3,800 = $850
Third year amount of $1,150 is higher than $850 so amount will be repaid in 3rd year.
Payback Period = Year before Payback Period occurs + 
Payback Period = 2 + 
Payback Period = 2.74 years
Answer:
25%
Explanation:
The expected before-tax IRR on a potential real estate investment is 14%
The expected after-tax IRR is 10.15%
Therefore, the effective tax rate on this investment can be calculated as follows
Effective tax rate= 1-(after-tax IRR/before-tax IRR)
Effective tax rate= 1-(10.15/14)
= 1-0.75
= 0.25×100
= 25%
Hence the effective tax rate is 25%
Answer:
b) it is impracticable to determine some period-specific effects.
c) it is impracticable to determine the cumulative effect of prior years.
Explanation:
According to the actual normativity these are the two options more consistent with the exercise.