Using the earnings multiple approach calculate how much life insurance Heather and Robert need to take out on Heather. She earns $80,000 and is 37 years old. They want coverage until she retires at age 67
Robert is sure he can get an annual rate of return on the policy settlement of 8%. They have no children.
A) $1,004,227
B) $997,553
C) $854,214
D) $630,417
E) None of the above
Answer: D
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Trade promotions are distinguished from other marketing and IMC tools in that they:
A) involve extensive advertising B) are offered to consumers C) are used to entice other members of the marketing channel to make purchases D) are limited to activities by manufacturers
Brink Financial Advisors provides accounting and finance assistance to customers in the retail business. Brink has four professionals on staff, plus an office with six clerical staff. Total compensation, including benefits, for the professional staff runs up to $800,000 per year, and normal billable hours are about 3300 billable hours per year. The professional staff keep detailed time sheets organized by client number. The total office and administrative costs for the year are $270,000. Brink allocates office and administrative costs to clients monthly, using a predetermined overhead allocation rate based on billable hours. During July, Brink's professionals spent 42 hours on their client, Waseca Sales. Brink adds a 30% markup on its costs to calculate the amount billed to the customer. H
A) $13,618.08 B) $3054.492 C) $3436 D) $4085
A binding constraint has slack but does not have surplus
Indicate whether the statement is true or false
Harris, who owes Nathan $4,000, sells Bethany a used car for $5,000, payable in 30 days. Harris immediately tells Nathan that she doesn't have the money she owes him, but she is willing to give him her claim to Bethany's $5,000. Nathan agrees and gives up his claim against Harris for $4,000, and Harris notifies Bethany of the assignment. In this case, Bethany is best described as the
A. assignee. B. assignor. C. obligor. D. obligee.