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Butoxors [25]
3 years ago
9

Nick is a recent finance graduate who has two passions: music and finance. Upon graduation, he was offered an opportunity to joi

n a struggling rock band with a lot of potential, and a job at a large well-established financial services company.
By joining the band, he will forego which of the following:

A. Added benefits such as health insurance provided to employees of large corporations.
B. The freedom to contribute as an innovator in his work environment.
C. Long hours at work, while he learns the business and contributes to making it successful.
D. Job protection.
Business
1 answer:
snow_tiger [21]3 years ago
6 0

Answer:

A) Added benefits such as health insurance provided to employees of large corporations.

Explanation:

A struggling rock band can be considered an entrepreneurial venture, depending on how much Nick loves music. But struggling ventures cannot offer employees or coworkers the same benefits or perks that large and established companies can offer. The example used here was health insurance but other perks may include paid vacation, paid sick days, retirement plans, etc.

You might be interested in
What term means the unused option when deciding how to use one's<br> resources.
andrezito [222]

Answer:

Opportunity cost

6 0
2 years ago
Platen purchased inventory on August 17 and received an invoice with a list price amount of $5,900 and payment terms of 4/10, n/
ch4aika [34]

Answer:

$5,664

Explanation:

Calculation of the amount that Platen should record the purchase.

Using this formula

List price -(Percentage of payment term × list price)

Let plug in the formula

$5,900 -(4%×5,900 )

=$5,900-$236

=$5,664

Therefore Platen should record the purchase on August 17 as a:

Debit to Purchases (periodic system) and a Credit to Accounts Payable for $5,664

Therefore the amount that Platen should record the purchase will be $5,664

7 0
2 years ago
Maria's budget was almost gone on her project but she still had a few tasks
daser333 [38]

Answer:d

Explanation: she should try to find ways to cut back on or cancel a remaining task

5 0
3 years ago
Information for Nighttime Company's direct labor cost for February is as follows: Actual direct labor hours 70,000 Total direct
podryga [215]

Answer:

71,100

Explanation:

The calculation of standard direct labor hours is shown below:-

Labor rate variance = (Actual rate - Standard rate) × Actual hours worked

$35,000 = ($497,000 ÷ 70,000 - Standard rate) × 70,000

(7.1 - Standard rate) = $0.5

= $6.6 per hour

= Labor variance efficiency = (70,000 - Standard hour) × $6.6 per hour

= -$7,260 = (70,000 - Standard hour) × $6.6 per hour

Standard hours = $70,000 + 1,100

= 71,100

8 0
3 years ago
On January 1, 2017, Alison, Inc., paid $79,100 for a 40 percent interest in Holister Corporation’s common stock. This investee h
puteri [66]

Answer:

1. Equity valuation in 2018/= $108,100

2. Net income based on fair value = $7,900

Answer:

A. Equity valuation

2017 net income:

Net income = 40% x $41,750 = $16,700

Less dividend = 40% x $14,000 = -$5,600

Net transferrable income = $11,100

2018 net income:

Net income = 40% x $64,000 = $25,600

Less dividend = 40% x $19,000 = -$7,600

Net transferrable income = $18,000

Investment Valuation:

Year 0 = $79,100

Year 1 = $79,000 + $11,100 = $90,100

Year 2 = $90,100 + $18,000 = $108,100

B.

Fair Valuation method

Closing valuation = $99,000

Less Opening valuation = $91,900

Income recognized in 2018 = $7,100

Explanation:

The equity method of investment valuation requires that the Net Income accruing to the Investee be added to his investment cost and the dividend thereof (if any) be deducted from the same. This gives an equity valuation of the invested sum

fair value on the other hand is based upon the understanding of the market by the parties to a deal; and it's a value the market is thus willing to give in exchange for the shares in hand.

5 0
3 years ago
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