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vaieri [72.5K]
3 years ago
13

your friends, jim and joey (16) are twin brothers and just received a $1000 inheritance from a wealthy aunt. jim wants the two o

f them to put their money together and buy a 4-wheeler. joey says he wants to put his money in a savings account. jim comes to you to ask you to help persuade joey to buy the 4-wheeler. what is your best financial advice?
Business
1 answer:
7nadin3 [17]3 years ago
5 0

The best argument to persuade Joey to buy the 4-wheeler is to inform him that keeping the money in a savings account would cause that money to loose value overtime (due to interest rates). Therefore, to ensure the best use of the $1000, it is ideal to use that money rather than save it.

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The Maestro bought 100 shares of a company's stock for $22.00 per share on January 1, 2018. He received a dividend of $2.00 per
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Answer:

$22.7%

Explanation:

Purchase Price    $22

Gains on stock during holding period

Dividend 2018    $2

Dividend 2019    $3

Dividend  2020  $4

Loss on sale of stock (18-22) ($4)

Total gain on per stock     (2+3+4-4)=$5

Total Return on stock during holding period=$5/22=22.7%

7 0
3 years ago
Gold, silver, diamonds, salt, and copper are examples of
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<span>The answer is commodity money or letter C.  They are called commodity money because they originated from a certain commodity from which they were created.  These are items that have value in being what they are as well as their function as money.  What makes it valuable is their utility or attractiveness.</span>
6 0
4 years ago
Read 2 more answers
Which of the following is not a way to accomplish an activity cost reduction? a.improve operations so that the activity-base usa
maw [93]

Answer:

b. use lower-cost materials

Explanation:

In Accounting, costing is the measurement of the cost of production of goods and services by assessing the fixed costs and variable costs associated with each step of production.

Production costs can be categorized as;

1. Variable costs: these are costs that usually change with respect to changes in the level of production or output. Examples are direct labor, maintenance of equipment or machines, raw materials costs etc.

2. Fixed costs: these are the costs which are not directly related to the level of production or not affected by the quantity of output in an organization. Examples are rent, depreciation, administrative cost, research and development costs, marketing costs etc.

Some of the ways to accomplish activity cost reduction are;

I. The operations of a business firm should be improved in order to make the activity-base usage per unit to be reduced.

II. The classification of employees doing an activity should be changed so as to decrease the activity rate.

5 0
3 years ago
As the barriers to the free flow of goods, services, and capital fell during the 1970s, one motivation for foreign direct invest
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Answer:

move production activities to more desirable locations.

Explanation:

If there is the barrier with regard to the flow of goods and services that can be moved in freely also the capital decline at the time of 1970s so the motivation made for foreign direct investment should be that they shifted to the production activities in order to have desirable locations

So as per the given situation, the above statement should be considered

7 0
3 years ago
Beau went shopping at ABC Carpet. He saw some carpet he liked but could not make up his mind. The manager at ABC Carpet wrote do
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Answer:

A firm offer.

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A firm offer is an irrevocable, written and signed offer that will remain open for a specific period of time or occurrence of a certain event, during which the specified goods or services can not be revoked.

It is normally considered to be open for 30 days after its presentation, if no date is specified.

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3 years ago
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