Answer:
b. $1.61 million
Explanation:
The computation of assets value is shown below:-
Data provided
Cost of Assets = $2.3 million
Annual depreciation = $230,000
Total numbers of years = 3
Total depreciation = $230,000 × 3
= 690,000
= 0.69 million
Assets value = Cost of Assets - Total depreciation
= $2.3 million - $0.69 million
= $1.61 million
So, Given Market Value = $1.75 million and as per accounting conventions, Recorded book value are assets.
a. The population of this study consists of all subscribers to Bloomberg Newsweek in North America.
b. Quantitative variables are those that can be measured numerically. Annual income is a quantitative variable since it can be expressed in numbers.
c. Categorical variables are those that can’t be quantified. They can only take on a fixed number of values. In this case, the question ‘do you own an American express credit card’ can take on only two values – Yes or No. So, the ownership of an American Express credit card is a categorical variable.
d. The data above gives two different values that describe the same population at the same time, it involves cross-sectional data.
Time-series data refers to data that is collected at equally spaced time intervals. For e.g. production of wheat in each year for the last 10 years, the amount of rainfall received over each of the last five years etc.
Cross-sectional data refers to data from many (similar)individual groups at one given point in time. For e.g. Prices of different varieties of corn on a particular day.
e. On the basis of the survey, Bloomberg Newsweek might infer that at least some of its subscribers with an income of $75,000 or more have an American Express credit card.
Cash balance plan is a retirement plan where workers are credited with a part of their pay annually and a predetermined rate of interest.
<h3><u>What is a Cash balance Plan?</u></h3>
A defined-benefit pension plan with a lifetime annuity option is referred to as a "cash balance pension plan."
<h3><u>What are some features of Cash balance plans?</u></h3>
- Based on defined-benefit needs, the financing caps, funding requirements, and investment risk are established.
- Like a defined-contribution plan, this type of plan is managed on an individual account basis.
- The advantage of these programs is that age-based contribution caps are available.
- Pretax contributions enable those 60 and older to save significantly more money each year than younger people.
You can learn more about defined pension plans work using the following link:
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When a firm performs well, investors holding shares are______ willing to sell it and therefore, the demand for the stock _______.<span>C. less; increases
</span>
Answer:
-allows quick access to your money
-insured against losses up to federal maximum amount
-cheaper than other possible alternatives
-possibility of renting a safe deposit box to store valuable documents and other items
-provides a safe place for money
-helps with establishing credit and getting loans
Explanation: