Answer:
A. 2 to 5 percent of sales
Explanation:
According to the text, management contracts usually stipulate that a fee of 2 to 5 percent of sales be paid to the firm providing the management expertise.
Answer:
A
Explanation:
Average rate of return is a capital budgeting method. It is used to determine if a firm should invest in a project or should not invest in a project
average rate of return = average net income / average cost of investment
average net income = (total net income - depreciation) / useful life
(8,500,000 - $4,250,000) / 20 = 212,500
Average cost of investment =( beginning book value of the investment - ending book value of the investment) / 2
($4,250,000 - 0) / 2 = 2,125,000
ARR = 212,500 / 2125,000 = 0.1 = 10%
Answer:
1. a demand curve
2. a demand schedule
Explanation:
A demand curve is a graphical presentation indicating the connection between the price of a product, for example Television, and the quantity demanded for that product at a specific price.
On the other hand, a demand schedule is a table presentation of detailed data or numbers of the price-quantity demanded relationship for a product.
Hence, the right answer are:
1. a demand curve
2. a demand schedule
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Answer:
Explanation:
Importance of National Income Statistics to the government of Ghana
The importance of national income statistics to the government of Ghana can not be understated.
There are many importance and uses of national income statistics among which includes the following:
1. It shows the standard of living: National income statistics gives an indication of the standard of living of the people of Ghana through the measure of per capita income.
2. For economic policies and planning: The national income statistics is vital for economic policy formulation and planning
3. It gives pattern of expenditures of households: The national income data give an idea of the pattern of expenditure of households
4. Comparison purposes: The per capita income which is obtained from the national income estimate is used to compare the standard of living of Ghana with other countries.
