The four-firm concentration ratio in this industry is ________. Group of answer choices 21% 79% 94% 58% 41%

All of the following are true regarding annuities, except: A They are similar to life insurance B They are designed to protect a

Arada [10]

Answer:They can liquidate an estate.

Explanation: Annuities are contracts between a person and an insurance company following a future endeavors,the future endeavors can include lifetime income,future projects etc. Annuities are contracts which have been around for a long time now,they are similar to life insurance. Annuities can not liquidate estates,they are protected against outliving a person's income.

Annuities became very popular during the great depression in the United States of America,when the value of stocks dropped drastically.

7 0

3 years ago

Dean, the president of Billing & Credit Company, promises to pay his employee Ewing, who is dangerously obese, $10 for every

Aliun [14]

Answer:

See the explanation below.

Explanation:

The court likely to rule in favor of Ewing.

The reason is that the enough consideration that gives backing to a promise in this case is generally the waiver of a legal right to eat to obesity as requested by the other party.

The evidence that Ewing has lost 154 pounds in weight over the stipulated period is a consideration that sufficient enough under the law. The payment of $10 pound that Ewing has lost is a promise. The fact that Ewing also benefit from the weight loss does not matter.

4 0

3 years ago

Jones Corp. reported current assets of $191,000 and current liabilities of $136,000 on its most recent balance sheet. The curren

stiks02 [169]

Answer:

acid-test ratio 1,4044

Explanation:

We are asked for a variation ofthe current ratio

whie current ratio is determinate like:

$\frac{current\: assets }{current\: liab}$

the acid-test will remove inventory from the current assets, leaving only cash, marketable securities and accounts receivables considered for the calculations:

191,000 current assets - 85,000 inventory = 106,000

136,000 current liabilities

191,600 / 136,000 = 1,4044

7 0

3 years ago

Natalie owns a condominium near Cocoa Beach in Florida. This year, she incurs the following expenses in connection with her cond

kumpel [21]

Answer and Explanation:

Natalie's Gross Income = $10,000

75 + 35 = 110 days

Expenses:

Insurance Expense (75/110) x 1000 682

Advertising Expense 500

Mortgage Interest (75/110) x 3500 2386

Property Taxes (75/110) x 900 614

Repairs and Maintenance (75/110) x 650 443

Utilities (75/110) x 950 648

Depreciation (75/110) x 8500 5795

Until the depreciation expenses the total expenses accumulate to 5273. If we deduct that with the gross income total we get 4727. We can only deduct 4727 from the total portion of 5795 depreciation expense.

Therefore, for AGI deductions we take total of (5273 + 4727) = $10,000

For Natalie's personal deduction of AGI

Mortgage interest (35/110) x 3500 1114

Property taxes (35/110) x 900 286

Total personal deduction for AGI $1400

4 0

3 years ago

Business at Korey's Comics has been good, and Korey expects the same business next month. However, due to an increase in busines

Bezzdna [24]

Answer:

ADDITIONAL REVENUE & ADDITIONAL COST

Explanation:

If Korey has made the decision to bring on an extra hand to help run the store in the afternoons and the new employee will make $435 per month; then there are 2 changes that will happen to the monthly net income

1. Increased Revenue: Since the new employee will be bringing in additional revenue of $435, then the direct impact of that is an increment in the revenue line of the income statement

2. Increased Costs: Secondly, this change will affect Korey's monthly net income in the area of cost because he has to pay the extra hand some sort of monthly salaries which will have a reducing effect on profit.

7 0

3 years ago