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charle [14.2K]
2 years ago
9

5. What is the purpose of a consumer cooperative?

Business
1 answer:
Neko [114]2 years ago
7 0
I think the answer is d
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Susan saved $5000 per year in her retirement account for 10 years (during age 25-35) and then quit saving. However, she did not
sladkih [1.3K]

Answer:

Instructions are below.

Explanation:

Giving the following information:

Susan:

Annual deposit= $5,000 for 10 years

Lumo-sum for 30 years

Interest rate= 8.5%

Jane:

Annual deposit= $5,000 for 30 years.

<u>First, we will calculate the future value of Susan:</u>

<u></u>

First 10 years:

FV= {A*[(1+i)^n-1]}/i

A= annual deposit

FV= {5,000*[(1.085^10)-1]}/0.085

FV= $74,175.50

Last 30 years:

FV= PV*(1+i)^n

FV= 74,175.50*(1.085^30)

FV= $857,050.14

<u>Jane:</u>

FV= {A*[(1+i)^n-1]}/i

A= annual deposit

FV= {5,000*[(1.085^30)-1]}/0.085

FV= $621,073.63

<u>Earnings difference= 857,050.14 - 621,073.63= $235,976.51 in favor of Susan.</u>

8 0
3 years ago
Lapping is best described as the process of________.
Mamont248 [21]

Answer:

b. applying cash receipts to a different customer's account in an attempt to conceal previous thefts of cash receipts is the correct answer.

Explanation:

  • Lapping is best described as the process of applying cash receipts to a different customer's account in an attempt to conceal previous thefts of cash receipts.
  • Lapping is an illegal mode of allotting one consumer's cash to another consumer's account.
  • Lapping usually occurs in smaller businesses where a single person manages payment receipts and consumer billing.
  • Companies can stop and check lapping through conducting regular inspections of payment receipts and also by dividing cashier and billing tasks.

5 0
3 years ago
____ is the consumer right that is protected by a federal fraud law.
Fed [463]

Answer:

The Federal Trade Commission Act

Explanation:

6 0
1 year ago
What is the present role of the aicpa in the rule-making environment?
Sati [7]
AICPA: <span>The national professional organization of practicing Certified Public Accountants (CPAs), whose various committees and boards have been an important contributor to the development of GAAP.



</span>
6 0
3 years ago
Suri owns 100 shares in opq oil company. after looking at the firm's latest annual report, she feels good about the performance
Anton [14]
<span>Given that Suri owns 100 shares in opq oil company. after looking at the firm's latest annual report, she feels good about the performance of the company, so she tells her broker to buy 100 more shares but to pay no more than $33 a share.

Suri just issued her broker a limit order.

</span><span>A limit order is an order to buy or sell a stock at a specific price or better. A buy limit order can only be executed at the limit price or lower, and a sell limit order can only be executed at the limit price or higher.</span>
3 0
3 years ago
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