Answer:
The answer would be b, determining tax deductions
Explanation:
All three of the other points are ways you can find out customers needs and wants, however tax deduction is used to figure out how much tax is owed.
The correct option is D.
Checking account is appropriate for Jorge in this situation because he plans to remove the money from his account in a few weeks time.
The major difference between saving account and checking account is that, saving account is majorly used to save and accumulate money for a medium or long time goals or for emergencies. The banks can count on the money staying in saving account for some time and a great part of it is not hold on reserve.
But a checking account is an instant access account. Money put in this account are usually hold in reserve by the banks because the owners can decided to withdraw at any time; banks can lend out money from checking accounts, so they make money on the accounts by charging fees.
Answer:
Hence, The division's return on investment (ROI) is closest to 32.7%
Explanation:
Return on Investment : It show a ratio between net operating income and average operating assets so that company get to know how much the return is available during a period.
The formula to compute return on investment is shown below:
= Net operating income ÷ Average operating assets
= $1,141,700 ÷ $3,495,000
= 32.7%
Since the total sales and require rate of return is irrelevant while computing the ROI. So, it would not be considered in computation part.
Hence, The division's return on investment (ROI) is closest to 32.7%
Answer:
18.80%
Explanation:
Data given
Risk free rate = 4%
Beta = 1.85
Market return = 12%
The computation of rate of return is shown below:-
Using CAPM
Rate of Return = Risk free rate + Beta × (Market return- Risk free rate)
= 4% + 1.85 × (12% - 4%)
= 4% + 1.85 × 8%
= 4% + 14.8%
= 18.80%
Therefore for computing the rate of return we simply applied the above formula.
