Which of the following is an incorrect statement regarding the principal-agent relationship in Japan?
A) Agents need not disclose whom they are representing.
B) Third parties often require proof that agents are acting on behalf of a particular principal.
C) The agent must have expressed authority to act.
D) Principals are held liable for acts of agents within their limited range.
A
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Angie's gross pay for the week is $970.00. Her deduction for federal income tax is based on a rate of 20%. She has voluntary deductions of $220.00. Her year-to-date pay is under the limit for OASDI. What is the amount of FICA-Medicare Tax deducted from her pay? (Assume a FICA-OASDI Tax of 6.2% and FICA-Medicare Tax of 1.45%. Do not round any intermediate calculations, and round your final answer to the nearest cent.)
A) $194.00 B) $14.07 C) $60.14 D) $268.21
Which of the following is one of the six Cs of effective business communication?
A. Credibility B. Comprehensiveness C. Consistency D. Complexity
Bankers Corp. has a very conservative beta of .7, while Biotech Corp. has a beta of 2.1
Given that the T-bill rate is 5%, and the market is expected to return 15%, what is the expected return of Bankers Corp., Biotech Corp., and a portfolio composed of 60% of Bankers Corp. and 40% Biotech Corp.? a. Solve this problem first by weighting the betas to calculate a portfolio beta, and then using CAPM to calculate the portfolio expected return. b. Then solve the problem again by calculating the expected return of each asset and weighting those returns to calculate the portfolio expected return. c. Why is Biotech Corp.'s expected return NOT three times that of Bankers Corp.?
The future value of an ordinary annuity of $1,000 each year for 10 years, deposited at 3 percent, is: (Round to the nearest whole dollar)
A) $11,808 B) $11,464 C) $8,530 D) $10,000