Answer:
$27,600
Explanation:
Divisional segment margin $132,000
Less common fixed costs
not traceable to the individual divisions
($104,400)
Net operating income $27,600
$92,200+$39,800 = $132,000
The company's net operating income is $27,600
In order for Millard’s Department Store to meet their
immediate needs, they should utilize the short term financing. Short term
financing is defined as a way of business financing by means of obtaining
finance that is usually in a term of one year or less than one year. It is
usually for about 4-6 months.
Answer:
The annual rate of return of the invesment will be -14,97%
Explanation:
The initial investment is 45.000 and after 5 years the value of the investment is only 20.000. Here we can see a destruction of value (20.000 < 45.000). In finance, the time takes an essential part in calculation, so through the interest rate we calculated how bad was the investment in annual terms. The formula is as follows: Final investment value=(Initial investment*(1+interest rate)^(total years)) in our case would be: 20.000=(45.000*(1+interest rate)^(5)) From this formula we got -14,97%
Answer:
Insurable interest
Explanation:
The insurance interest is the interest of the insurer while taking the policy so that the risk of the loss is reduced also it is an important requirement that makes the firm or the event to be legal, valid, enforceable, and protected against any harmful acts done intentionally
Therefore according to the given situation, the concept in which enough interest must exist on the part of the insurer while taking the policy is known as the insurer interest
Hence, the first option is correct
Answer:
e) All of the choices are true.
Explanation:
The definition of a fiduciary are;
a) A fiduciary entity is a legal entity that takes possession of property for the benefit of a person.
b) An estate is a fiduciary entity that comes into existence upon a person's death to transfer the decedent's real and personal property.
c) A trust is also a fiduciary entity whose purpose is to hold and administer the corpus for other persons (beneficiaries).
d) An estate exists only temporarily, but a trust may have a prolonged or even indefinite existence.
<em>Generally, a fiduciary is saddled with the responsibility of providing duties in good faith, ethics and trust. </em>