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Ivan
3 years ago
8

The gaming commission is introducing a new lottery game called Infinite Progresso. The winner of the Infinite Progresso jackpot

will receive $1,200 at the end of January, $2,400 at the end of February, $3,600 at the end of March, and so on up to $14,400 at the end of December. At the beginning of the next year, the sequence repeats starting at $1,200 in January and ending at $14,400 in December. This annual sequence of payments repeats indefinitely. If the gaming commission expects to sell a minimum of 1,000,000 tickets, what is the minimum price they can charge for the tickets to break even, assuming the commission earned 3.00 %/year/month on its investments and there is exactly one winning ticket
Business
1 answer:
Verdich [7]3 years ago
4 0
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The correct answer is letter "C": competitive barrier.

Explanation:

Competitive barriers represent obstacles for a business to start operations based on what other companies are already providing to the market. The settled companies -competitors- tend to have a preference and market share obtained through years of operations which is a threat for a new company that is looking for attracting consumers.

6 0
3 years ago
Suppose that due to a fear that the United States is about to enter a long period of stagnant growth, stock prices fall by 50% o
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Answer:

spending would increase

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Disposable income is either saved (invested) or spent.

If stock prices are expected to fall, individuals would be less willing to save their income and would prefer to spend their income instead.

As a result, spending would increase

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3 years ago
Charleston, Inc. has Accounts Receivable of $320,000 and an Allowance for Doubtful Accounts of $16,000. If it writes-off a custo
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$304,000

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5 0
3 years ago
The cost of goods for Mandy Manufacturing Company flow through an assembly and a finishing department before being transferred t
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Answer:

Option (D) is correct.

Explanation:

Given that,

Beginning work in process = $4,000

Ending work in process in finishing department = $6,000

Cost transferred = $47,000

Direct material = $15,000

Direct labor  = $46,000

Overhead  = $22,000

Cost incurred in finishing department:

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= $4,000 + $47,000 + $15,000 + $46,000 + $22,000

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5 0
4 years ago
According to the Investment Company Act of 1940, the definition of "investment company" could include which of the following
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Answer:

Option (B) is the right answer.

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According to the investment company Act of 1940, the investment companies are those companies whose main business is to gathers investment capital to invest them in marketable securities.

Hence According to the scenario, the most appropriate answer is option (B).

While the other option is incorrect because of the following reason:

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  • Insurance companies are also not investment companies.

7 0
3 years ago
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