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geniusboy [140]
3 years ago
12

Eli and Marilyn ask Gracie to be the administrator of their will and the guardian of their children if they pass away before the

ir children reach the age of majority. Gracie agrees. Fiduciary relationships such as this one
a. involve a high degree of trust and confidence.
b. are legal only between family members.
c. typically exist only between employees in government agencies.
d. allow the parties to legally avoid their obligations to one another.
Business
1 answer:
kobusy [5.1K]3 years ago
6 0

Answer:

a. involve a high degree of trust and confidence.

Explanation:

A fiduciary relationship exist when an individual places  responsibilities on the other party, to help him carry out  duties or act for the benefit of the party. It is otherwise called a confidential relationship and it requires special trust, confidence and reliance.  

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It is necessary to retain information for two significant reasons: legal obligation and business needs. Data that occupies the c
baherus [9]

Answer:

The correct answer is letter "B": business.

Explanation:

Business data represents the information of the transactions a company carries out as a result of its operations. Information about suppliers and customers is recorded for control purposes and, mainly, to cover the legal obligation to report the accounting analysis of the firm in the Financial Statements.

Besides, the accounting information of a firm allows managers to compare budget expectations with the current performance of the company to take decisions on what course the entity should follow to reach its objectives.

6 0
3 years ago
The Ricardian equivalence theorem states that
motikmotik

Answer: The Ricardian equivalence theorem states that : <u>"A. an increase in the government budget deficit has no effect on aggregate demand."</u>

Explanation: Ricardian Equivalence establishes that when the government increases the expenses financed with debt to try to stimulate the demand, this increase of the expenses does not produce any change in the demand.

This happens because the increases in the public deficit will be higher taxes in the future. Therefore, taxpayers reduce their consumption and increase their savings in order to offset the cost that will be the future tax increase.

5 0
3 years ago
Suppose that when the average college student's income is $10,000 per year, the annual quantity demanded of Patty's Pizza is 50
kvasek [131]

Answer:

Explanation:

Pizza quantity Change = 60-50 = 10

Income change = $12000 - $10000 = $2000

Mid point of Quantity of Pizza = (50+60)/2 = 55

Mid point of income =  ($12000 + $10000)/2 = $11000

Income elasticity = 10*11,000/2000*55 = 110,000/110,000=1

Pizza is a unit elastic normal good, because percentage change in income = % change in pizza quantity

7 0
3 years ago
A small company purchased now for $23,000 will lose $1,200 each year the first four years. An additional $8,000 invested in the
Sergeu [11.5K]

Answer:

a) The IRR is 10%

b) The FW if MARR = 12% is -$27070.25.

c) The ERR when externeal reinvestment rate per period is 12%. is 10.74%.

Explanation:

a)

PW(i%) = -23000 - 1200(P/A, i%, 4) - 8000(P/F, i%, 4) + 5500(P/A, i%, 11)(P/F, i%, 4) + 33000(P/F, i%, 15)

            = 0

Solve for i%

IRR = 10%

Therefore, The IRR is 10%

b)

FW (12%) = -23000(F/P, 12%, 15) - 1200(F/A, 12%, 4)(F/P, 12%, 11) - 8000 (F/P, 12%, 11) + 5500(F/A, 12%, 11) + 33000

= -23000(5.4736) - 1200(4.7793)(3.4785) - 8000(3.4785) + 5500(20.6546) + 33000

= -27070.25

Therefore, The FW if MARR = 12% is -$27070.25.

c)

[23000 + 1200(P/A, 12%, 4) + 8800(P/F, 12%, 4)](F/P, i%, 15) = 5500 (F/A, 12%, 11) + 33000

[23000 + 1200(3.0373) + 8000(.6355)](F/P, i%, 15) = 5500(20.6546) + 3300

31725.76 (1 + i)^15 = 146600.3

ERR = 10.74%

Therefore, The ERR when externeal reinvestment rate per period is 12%. is 10.74%.

5 0
3 years ago
The yield to maturity is always equal to the interest payment of a bond. <br> a. True <br> b. False
ella [17]
A. True, Yield to Maturity or called YTM is a measure of your annualized return if a bond, or all the bonds in a fund, are held to maturity.
3 0
3 years ago
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