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Tamiku [17]
3 years ago
15

Sal has heard a lot about his town's country club. He heard it has a great golf course, tennis courts, and dining room. In addit

ion, many of Sal's business partners belong to the club. Although he doesn't have the money to join the club now, Sal hopes to be able to in the future. What type of reference group would the country club be for Sal?
Business
1 answer:
Anna11 [10]3 years ago
7 0

Answer:

An aspiration referral group

Explanation:

As he cannot join the group today, due to shortage of funds, he will join the group later, and accordingly, he expects it to be his aspiration to join the group.

That means it is his wish to join the group, this reflects clearly that the group is an aspirational referral group.

As all the partner's of his business are also members of the group he shall be expecting them to put a referral.

Therefore, the group will be considered as the aspiration referral group.

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You will have $ in 20 years if you set aside $2,000 at 8%. (Use the future value tables from Chapter 5.)
Romashka-Z-Leto [24]

In 20 years you'll have $5,220.

2,000×0.08=160

2,000+(160×20)= 5,220.

4 0
2 years ago
Lina wants to be a lawyer for her future career. Which extracurricular activity would be the most helpful? teacher’s aide marchi
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3 years ago
Read 2 more answers
Vicky Robb is considering purchasing the common stock of Hawaii Industries, a rapidly growing boat manufacturer. She finds that
Sergio [31]

Answer:

P0 = $51.9956 rounded off to $52.00

Explanation:

The two stage growth model of DDM will be used to calculate the price of a stock whose dividends are expected to grow over time with two different growth rates. The DDM values a stock based on the present value of the expected future dividends from the stock.

The formula for price of the stock today under this model is,

P0 = D0 * (1+g1) / (1+r)  +  D0 * (1+g1)^2 / (1+r)^2  +  ...  +  D0 * (1+g1)^n / (1+r)^n  + [ (D0 * (1+g1)^n * (1+g2) / (r - g2)) / (1+r)^n ]

Where,

  • D0 is the dividend today or most recently paid dividend
  • g1 is the initial growth rate which is 20%
  • g2 is the constant growth rate which is 8%
  • r is the required rate of return

P0 = 2.5 * (1+0.2) / (1+0.15)  +  2.5 * (1+0.2)^2 / (1+0.15)^2  +  

2.5 * (1+0.2)^3 / (1+0.15)^3  +

[(2.5 * (1+0.2)^3 * (1+0.08) / (0.15 - 0.08) / (1+0.15)^3)

P0 = $51.9956 rounded off to $52.00

3 0
3 years ago
Assume the factory is currently producing 40 chairs and 30 tables and an order comes in for 5 more tables . What is the opportun
aleksklad [387]

Explanation:

I dont really know. You can ask the tutors tho.

5 0
3 years ago
The accumulated benefit obligation measures Group of answer choices the level cost that will be sufficient, together with intere
solong [7]

Answer:

the pension obligation on the basis of the plan formula applied to years of service to date and based on existing salary levels

Explanation:

Accumulated benefit obligation (ABO) is the nearest amount that represent the liability pension plan of the company for the time period. It is predicted and depend upon the assumption that the pension plan would be ended on instant basis also it would not considered any increment in the future salary

So according to the options given, it would determined the pension obligation that based upon the plan formula and the same would be applied to service years also it would be depend upon the existing level of salary

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3 years ago
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