Answer:
7%
Explanation:
The Present value of this single annuity= $109295.
$amount of each annuity= 12000.
By estimation, if we take interest rate(r) =0.07 or 7% in annuity factor formula it will be ((1-(1/(1+0.07)^15))/0.07)=9.1079.
Now, 109295/12000 =9.1079. So, here answer will be 7%
Answer:
Dividend paid = $0.64 x 158,000 = $101,120. The dividend paid reduces retained earnings by $101,120.
The correct answer is C
Explanation:
Dividend is paid out of profit after tax. This reduces the retained earnings of the company since dividend involves outflow of cash.
She opts for a distributorship franchise, under which she will license distributors to sell her handbags
Explanation:
The success of the entrepreneur was assisted by retailers and professional sales officers.
Such alliances could promote their goods in new geographical areas, place them in shops that would not even speak to small farmers, and offer useful services such as easy order fulfilment.
Nevertheless, retailers can be as hard to attract as supermarket customers. It needs patience, analysis and hard work to win them over.
In this scenario, Tina wants to sell her designed new type handbag with the help of licensed distributor.
