Answer:
b
"Saving for a Rainy Day"
Explanation:
"saving for rainy day' is a phrase that means putting some money a side for use in times of need. The phrase encourages people to save money for emergency use. As a rule of thumb, one should have at least three times their normal income as savings.
Answer:
10.45%
Explanation:
Calculation to determine the cost of debt
B/S = 1.57 − 1
B/S = .57
.156 = .14 + .57(1 −.21)(.14 − RB)
.156 = .14 + .57(.79)(.14 − RB)
RB = .1045*100
RB= 10.45%
Therefore the cost of debt is 10.45%
Answer:
The value of your portfolio on May 3 is $16,058.
Explanation:
Since it is assumed that there is no tax, the value of a share on ex-dividend date is the current share per share minus the announced dividend per share share. Therefore, we have:
Price per share on ex-dividend date = Current share per share - Announced dividend per share share = $55 - $3.20 = $51.80
Therefore, the value of your portfolio on May 3 which is the ex-dividend date can be calculated as follows:
Portfolio value on May 3 = Number of shares owned * Price per share on ex-dividend date = 310 * $51.80 = $16,058
Therefore, the value of your portfolio on May 3 is $16,058.
Answer:
Conference/Seminars
Explanation:
Conference/Seminar is a form of social event in which a group of people with similar interest gather in a certain place in order to talk/discuss about a specific issue.
Typically, every conferences/seminars will invited several people as the 'speakers' . These speakers are chosen based on their experience or knowledge in that specific issue.
In the case above, Jack is most likely attending a business conference and the speaker is someone who has a business experience for over 4 years.
