A series of equal periodic finite cash flows that occur at the beginning of the period are known as a/an ________
A) ordinary annuity
B) annuity due
C) perpetuity
D) amortization
Answer: B
You might also like to view...
Which of the following loss contingencies is not usually accrued?
A) product warranty obligations B) premium offer obligations C) risk of loss from fire D) noncollectibility of receivables
In the context of acquiring financial assets, which of the following is a result of competition among brokerage firms?
A. Many full-service firms have lowered their commissions, while many discount brokers have begun offering investment advice and other services. B. Most full-service firms do not charge fees for the services they provide, while most discount brokerage firms charge commissions based on the dollar value of the orders their clients place. C. The commissions and fees charged by discount brokers are usually significantly higher, while full-service brokers charge flat fees of a few dollars per trade for simple transactions. D. Discount brokers provide a wide range of services—such as research to identify good investment opportunities, financial planning, and tax advice, while full-service brokers restrict themselves to buying and selling securities for their clients.
Bev owns approximately $13 million of assets primarily composed of a very valuable parcel of real estate and a savings account of $500,000. Bev has four grandchildren and is planning to give them each an annual gift in equal amounts. Bev can gift $56,000 in total in 2018 to her grandchildren without creating taxable gifts.
Answer the following statement true (T) or false (F)
The three generic competitive strategies are:
a. profit-based, nonprofits, and free services b. cost leadership, differentiation, and focus c. manufacturing, service, and retail d. mass-production, make-to-order, and services