Answer:
master budget is based on one specific level of production and a flexible budget can be prepared for any production level within a relevant range.
Explanation:
A master budget is a budget that contains an aggregation of smaller level budgets into an overall single budget
A flexible budget is a budget that can be adjusted based on the activity levels of a firm.
<span>Price floors can have differing effects depending on other government policies. If the government agrees to purchase a specific maximum of unsold products at the price floor, it incentivizes a business to increase supply or at least to stay in the industry despite slow sales. Many governments do this for areas they see as strategically or politically significant, such as agriculture, or to prevent what they consider to be unfairly low prices of its products. If a foreign government sets a price floor for coffee beans, for example, and then agrees to buy the surplus up to a certain amount, it encourages growers to maintain their operations by placing an effective hedge against price fluctuations. If you own a small coffee shop, these price floors mean that you’re more likely to be able to find your imported beans, but you’ll pay more for them</span>
Answer:
<u>a) Competent parties</u>
Explanation:
This is not an essential element of such a contract because basically we would not expect a minor to be involved in a transaction of a four-family residential resale property.
Remember, competent parties contract requirements are that the two parties in the sale contract should be persons legally and mentally capable of entering into contracts that is enforceable by law.
Answer:
Price willing to pay=$1105.94
Explanation:
Annual Coupon Payment=$1,000*0.08
Annual Coupon Payment=$80
Calculating Present Value (PV) of Par Value:
Where:
i is the rate of return.
FV is par value
PV= $258.419.
Calculating PV of annual Coupon Payment:
i is the coupon rate
A is the annual Payment
PV=$847.521
Price willing to pay= Present Value (PV) of Par Value+ PV of annual Coupon Payment
Price willing to pay=$258.419+$847.521
Price willing to pay=$1105.94
Answer: C. Options
Explanation:
An investment adviser is an individual that provides recommendation regarding options to their client and receives compensation in return. This option can anything such as investing in particular stocks or land etc.
