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4 years ago

Why can the owner of a business withdraw assets from that business for personal use?

1 answer:

5 0

<span>Since the business owner, by definition, is the person who controls all those assets and is responsible for them, he/she can take parts of them home if they so choose. This is a way to manage resources, especially if those resources are still useful in some way.</span>

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Which is most true of an annual rate of 4% compounded quarterly? A) It is equivalent to 4.4% paid annually. B) It is equivalent

Artemon [7]

Answer:

D) It is equivalent to 4.06% paid annually

Explanation:

Since it is not talking about annuity and simple compound interest, therefore assuming investment value = $100 then interest will be as follows:

Interest for each quarter = $\frac{4}{100} \times \frac{3}{12}$ = 1%

But this 1% will be paid on the compounded value

Interest at end of Quarter 1 = $100 X 1% = $1

Compounded value at end of Quarter 1 = $100 + $1 = $101

Interest at end of Quarter 2 = $101 X 1% = $1.01

Compounded value at end of Quarter 2 = $101 + $1.01 = $102.01

Interest at end of Quarter 3 = $102.01 X 1% = $1.0201

Compounded value at end of Quarter 3 = $102.01 + $1.0201 = $103.0301

Interest at end of Quarter 4 = $103.0301 X 1% = $1.030301

Compounded value at end of Quarter 4 = $103.0301 + $1.030301 = $104.060401

Now net return annually = $4.060401/$100 = 4.06%

Final Answer

D) It is equivalent to 4.06% paid annually

6 0

3 years ago

ThingOne Company has the following information available for the past year. They use machine hours to allocate overhead. Actual

frozen [14]

Answer:

the variable overhead efficiency variance is $1,840 unfavorable

Explanation:

The computation of the variable overhead efficiency variance is shown below:

= Standard variable overhead rate × (standard hours - actual hours)

= $4.60 × (10,600 - 11,000)

= $1,840 unfavorable

Hence, the variable overhead efficiency variance is $1,840 unfavorable

As the standard hours would be less than the actual hours so it would be unfavorable variance

7 0

3 years ago

A sales rep is on a phone call with a prospect who likes to control the conversation. The constant interruptions make it hard fo

belka [17]

The sales rep on a phone call with a prospect controlling the conversation should do the following first:

a) Ask the prospect what she hopes to get out of the call to encourage her to re-focus.

<h3>Why does a phone call with a prospect matter?</h3>

The phone call should be used to pitch the firm's products and services to meet the prospect's pain points.

To make the phone call successful, the sales rep should take these steps:

Develop a clear goal for the sales call.
Ask relevant questions, giving the prospect more opportunity to talk.
Discover the prospect's pain points.
Utilize every opportunity to pitch the firm's brand.

<h3>Answer Options:</h3>

a) Ask the prospect what she hopes to get out of the call to encourage her to re-focus

b) Tell the prospect that to work together well, she needs to follow the rep's call structure

c) Incorporate what the prospect says into his talking points when there's an opening

d) Offer to set up an in-person appointment to discuss the sales process in more detail

Thus, the first action of the sales rep in such a situation is <u>Option A</u>.

Learn more about making sales pitches and calls at brainly.com/question/6890728

7 0

2 years ago

You are comparing spatial ability scores for four groups. you find that the f statistic for your test is 4.01, and the cutoff va

7nadin3 [17]

<span>Reject the null hypothesis since your F statistic is beyond the cutoff, and perform a post-hoc test to determine between which groups the significant difference occurs.</span>

3 0

3 years ago

An unfavorable balance of trade occurs when the value of.

zloy xaker [14]

An unfavorable balance of trade occurs when the value of a country's import exceeds the export.

<h3>What is an import?</h3>

It should be noted that an import simply means the goods and services that are brought into a country from another country.

In this case, unfavorable balance of trade occurs when the value of a country's import exceeds the export.

Learn more about trade on:

brainly.com/question/17727564

#SPJ1

8 0

2 years ago