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uranmaximum [27]
3 years ago
5

Jerry recently was offered a position with a major accounting firm. The firm offered Jerry either a signing bonus of $23,000 pay

able on the first day of work or a signing bonus of $26,000 payable after one year of employment. Assuming that the relevant interest rate is 10%, which option should Jerry choose?A) The options arc equivalent. B) Insufficient information to determine. C) The signing bonus of $23,000 payable on the first day of work. D) The signing bonus of $26,000 payable after one year of employment.
Business
1 answer:
creativ13 [48]3 years ago
7 0

Answer. D) The signing bonus of $26,000 payable after one year of employment.

Explanation: Because it is more advantageous on him and also he has the time to payback within a year. He will be at rest to use fund for something that can fetch more money even within the 12 months period.

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Which of the following actions would the Federal Reserve most likely take to rein in spiraling inflation?
ryzh [129]
The right answer for the question that is being asked and shown above is that: "Increase reserve requirement." The <span>action that would the Federal Reserve most likely take to rein in spiraling inflation is that of </span><span>Increase reserve requirement.
</span>
The right answer for the question that is being asked and shown above is that: "<span>Increase reserve requirement." </span>
5 0
4 years ago
Read 2 more answers
An accountant has debited an asset account for $1,300 and credited a liability account for $500. Which of the following would be
Genrish500 [490]

Answer:

D. Debit a Stockholders' account for $800

Explanation:

In this question we use the accounting equation i.e shown below:

Total assets = Total liabilities + Total stockholder equity

where,

Debited Total assets = $1,300

Credited Total liabilities = $500

So, the total stockholder equity is

= $1,300 - $500

= $800

So, the incorrect way is to debit a stockholder equity for $800

6 0
4 years ago
Jerilyn has a $10 coupon and a 15% discount coupon for her favorite store. The store has a policy that only one coupon may be us
poizon [28]

Answer:

  • <u><em>It is best for Jerilyn to use the $10 coupon when the value of the purchase is equal or lower than $66.67, and it is best to use the $10 coupon when the value of the purchase is greater than $66.67</em></u>

Explanation:

Assume the value of the purchase is P.

Then <em>15%</em> of P is 0.15P.

To obtain the maximum benefit from the <em>15% coupon</em>, <em>Jerilyn</em> should use it when the discount from it is greater than the discount from the $10 coupon. This is:

  • 0.15P > $10

Divide both sides by 0.15:

  • P > $10 / 0.15

  • P > $66.67

If the value of the purchase is equal to $66.67 the total discount with any cuopon are equal; if it is lower than $66.67, the discount of the $10 coupon is greater.

Thus, you conclude that for a $66.67 purchase she should use the $10 cuopon and for a purchase greater than $66.67 she should used the 15% cuopon.

4 0
4 years ago
Knowledge Check 01 The standard quantity per unit defines the ________. multiple choice price that should be paid for each unit
cricket20 [7]

Answer:

amount of direct materials that should be used for each unit of finished product including an allowance for normal inefficiencies, such as scrap and spoilage.

Explanation:

Standard quantity per unit is defined as materials that the manufacturer needs to complete a unit of a product. It also allows for inefficiencies such as spoilage and scrap.

It is used by managers to reduce wastage that exists during production by allocation of only the required amount of direct materials in the production process.

5 0
3 years ago
The following three defense stocks are to be combined into a price-weighted stock index in January 2016 (perhaps a portfolio man
emmainna [20.7K]

Answer:

24.42%

Explanation:

(a) Index on the day immediately before the split (on 1 Jan 2017)

= (114+ 34 + 56 ) / 3

= 204/3 =68

Price of Douglas McDonnel stock just after the split (on 2 Jan 2017)

= 114/3 = $38

New divisor for the index

= (38 + 34 + 56)/68

= 128/68

=1.88

(b) Index on 1 Jan 2017 = 68

Index on 1 Jan 2018 = (41.08+ 48+ 70) / 1.88

= 159.08/1.88

=84.61

Hence:

Rate of return on the index for the year

2017

= (84.61 - 68) / 68 × 100

16.61/68×100

= 24.42%

7 0
4 years ago
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