Answer:
Check the explanation
Explanation:
a1.Present value of $8500=$8500
the Present value of $3000 a year for 5 years=$3000*Present value of annuity factor(9%,5)
the Present value of annuity=Annuity[1-(1+interest rate)^-time period]/rate
=$3000[1-(1.09)^-5]/0.09
=$3000*3.889651263
=$11668.95(Approx)
The Present value of $41000=$41000*Present value of discounting factor(rate%,time period)
=$41000/1.09^5
=$26647.19(Approx).
Therefore $41,000 received at end of five years is a better value.
Answer: $2000
Explanation:
From the question, we are informed that Jennie receives $12,000 (of which $2,000 is earnings) from a Qualified Tuition Program and she uses the funds to pay for new furniture for her apartment.
The amount that is taxable to Jennie will be the amount of earnings she made who is $2000.
Answer: Option D
Explanation: Strong form efficiency is the most stringent form of market efficiency. This hypothesis states that the securities in the market reflects all the information in their price whether public or private.
Therefore, any investor would not be able to earn abnormal returns no matter how much research he or she has done. As the securities reflects private information also, therefore, insider trading will also be useless.
Hence from the above we can conclude that the correct option is D.
Complete Question:
The document that the purchasing department prepares and sends to the vendor to place an order is called the:
Group of answer choices
A. Invoice approval.
B. Receiving report.
C. Purchase requisition.
D. Invoice.
E. Purchase order.
Answer:
E. Purchase order
Explanation:
The document that the purchasing department prepares and sends to the vendor to place an order is called the purchase order.
A purchase order is typically a multi-copy commercial document that is prepared by the buyer who is interested in ordering goods and sent sent to a vendor (supplier) to place an order.
Generally, one copy of the purchase order is sent to the vendor (supplier) of the goods while the other copy is sent to the accounts payable department of the company, so as to enable them compare it with the invoice issued by the vendor or supplier for accuracy and accountability.
Additionally, a purchase order comprises of informations such as quantity of goods being ordered, price, type etc.
