It is January 1st and Darwin Davis has just established an IRA (Individual Retirement Account)
Darwin will put $1000 into the account on December 31st of this year and at the end of each year
for the following 39 years (40 years total).
How much money will Darwin have in his account at the
end of the 40th year? Assume that the account pays 12% interest compounded annually and round
to nearest $1000.
A) $767,000 B) $766,000 C) $850,000 D) $93,000
A
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Internal failure costs are limited to the costs of repairing defective products that are under warranty
Indicate whether the statement is true or false
A study has been conducted to determine if Product A should be dropped. Sales of the product total $500,000; variable expenses total $340,000. Fixed expenses charged to the product total $210,000. The company estimates that $60,000 of these fixed expenses are not avoidable even if the product is dropped. If Product A is dropped, the annual financial advantage (disadvantage) for the company of eliminating this product should be:
A. ($50,000) B. $10,000 C. $50,000 D. ($10,000)
The buyer decision process consists of five stages. Which of the following is NOT one of these stages?
A) problem/opportunity recognition B) information search C) high-involvement buying behavior D) purchase decision E) postpurchase evaluation
The optimal type of economic base is a _____ economic base
a. specialized b. commercial c. governmental d. diversified