Answer:
2041 shares
Explanation:
Maximum amount for investment = $ 50 000 / 70 % = $ 71428.571
maximum number of shares = $ 71428.571 / $ 35 = 2040.812 approx 2041 shares
C. Distribution of a small percentage of profits to shareholders.
Answer:
The value after seven years from now is $231,216.29
Explanation:
The computation of the expected value would be seven years from now is shown below:
Here we use the future value formula i.e. shown below:
Future value = Present value × (1 + interest rate)^number of years
= $188,000 × (1 + 0.03)^7
= $188,000 × (1.03)^7
= $231,216.29
Hence, the value after seven years from now is $231,216.29
Answer:
The answer is D. a higher of standard of living.
Explanation:
Answer:
True (1)
Explanation:
In deciding whether to buy a particular product, it is important to consider below pertinent issues :
Serviceability : questions need to be asked whether the product can be serviced regularly to keep it in usable condition and possible cost of servicing must as well be considered.
Repairability : Seller must be asked if the product is repairable in case it is faulty.
Accessories : Availability of accessories in the market must be confirmed from the seller in case we need to replace any part.
Failure to sort out above issues before buying may result in wasting of money at the end of the day even though product might have been bought at a cheaper lock-in price.
