Your employer gives you a stock bonus of $1,000 in your company at the end of each year. You
plan to retire in 20 years. The stock has a growth rate of 15 percent per annum.
What will the
value of your stock be in 20 years? This problem would be solved by using the formula for the
A) present value of a lump sum.
B) future value of a lump sum.
C) future value of an ordinary annuity.
D) future value of an annuity due.
E) present value of an ordinary annuity.
C
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Which of the following industries allows the hot cargo agreement?
A) construction B) automobile C) health services D) financial services
Gary and Herman are partners in a lawn mower repair business in Ohio. While Gary is on vacation, visiting his sister in Georgia, his sister's neighbor has trouble with her mower and Gary fixes it for her. She insists on paying him. Gary
a. may keep the payment since he did the work while he was on vacation. b. must turn the money over to the partnership because he earned it doing the kind of work that the partnership does. c. may not accept the money because it would create a conflict of interest. d. may not accept the money because it would mean he was taking a business opportunity away from the partnership.
Which generational cohort is also known as the baby bust? Describe the interests and lifestyles of this cohort and explain why it is important to marketers.
What will be an ideal response?
Jason's employer pays year-end bonuses each year on December 31. Jason, a cash-basis taxpayer, would prefer not to pay tax on his bonus this year (and actually would prefer his daughter to pay tax on the bonus). So, he leaves town on December 31, 2018, and has his daughter, Julie, pick up his check on January 2, 2019. Who reports the income and when?
A. Jason in 2018. B. Julie in 2019. C. Julie in 2018. D. Jason in 2019. E. None of the choices are correct.