Below is the complete question:
CANDIDATE: Thank you for agreeing to conduct some research to assess my potential as a candidate in the upcoming election.
CONSULTANT: You're welcome. As a first step, our team analyzed the other potential primary contenders. The reality is that with such a strong field, it is going to be difficult to gain the _______ of votes necessary to avoid a runoff unless you want to go negative from the start.
Answer:
Majority
Explanation:
The reality is that with such a strong field, it is going to be difficult to gain the MAJORITY of votes necessary to avoid a runoff unless you want to go negative from the start.
Answer:
FV= $75,437.02
Explanation:
Giving the following information:
Number of cash flows= 5
Cash flow= $10,000
Total number of periods= 10 years
Interest rate= 6% compounded annually
<u>First, we need to calculate the future value of the 5 cash flows in 5 years using the following formula:</u>
<u></u>
FV= {A*[(1+i)^n-1]}/i
A= annual deposit
FV= {10,000*[(1.06^5) - 1]} / 0.06
FV= $56,370.93
<u>Now, the value at the end of 10 years:</u>
FV= PV*(1+i)^n
FV= 56,370.93*(1.06^5)
FV= $75,437.02
Answer:
Retained earnings-Closing = $19,900
Explanation:
Given that,
Revenues = $22,400
Operating Expenses = $15,000
Dividends = $4,500
Retained Earnings(opening) = $17,000
Net Income = Revenues - Operating expenses
= $ 22,400 - $15,000
= $7,400
Statement of Retained Earnings:
Retained earnings-Closing:
= Retained earnings -opening + Net Income - Dividends
= $17,000 + $7,400 - $4,500
= $19,900
Answer: Degree of Operating Leverage
A Tech = 2.75
Z Tech = 3
Explanation:
As defined in question itself,
Degree of Operating Leverage = 
As here, it is provided that profit for both the companies are same amounting $4 million.
Although the fixed cost differ by $1 million.
A Tech Degree of operating Leverage = 1 + 
= 2.75
Z Tech Degree of Operating Leverage = 1 + 
= 3
This clearly demonstrates that A Tech will reach its break even faster than the Z Tech as the ratio of fixed cost to variable cost is lower in A tech in comparison to Z Tech.
The white house is in the middle. Good riddle!
