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SM

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Dusty Jones is 23 years old and has accumulated $4,000 in her self-directed defined contribution pension plan. Each year she contributes $2,000 to the plan, and her employer contributes an equal amount. Dusty thinks she will retire at age 67 and figures she will live to age 81. The plan allows for two types of investments. One offers a 3.5% risk-free real rate of return. The other offers an expected return of 10% and has a standard deviation of 23%. Dusty now has 5% of her money in the risk-free investment and 95% in the risky investment. She plans to continue saving at the same rate and keep the same proportions invested in each of the investments. Her salary will grow at the same rate as inflation. Of the total amount of new funds that will be invested by Dusty and by her employer on her behalf, how much will she put into the safe account each year; how much into the risky account?

A) $3,800; $200
B) $2,000; $2,000
C) $200; $3,800
D) $2,500; $1,500
E) $1,500; $2,500

On Jul 29, 2024


C
SM

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​What is the firm's contribution margin?

A) ​$1800
B) $800
C) $1000
D) ​$300

On Jul 20, 2024


B
SM

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Rawls's justice theory focuses on outcomes.

On Jun 29, 2024


True
SM

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Wagster Urban Diner is a charity supported by donations that provides free meals to the homeless. The diner's budget for November was based on 2,400 meals. The diner's director has provided the following cost data to use in the budget: groceries, $2.05 per meal; kitchen operations, $4,500 per month plus $1.75 per meal; administrative expenses, $3,500 per month plus $0.20 per meal; and fundraising expenses, $1,700 per month. The director has also provided the diner's statement of actual expenses for the month:
Wagster Urban Diner is a charity supported by donations that provides free meals to the homeless. The diner's budget for November was based on 2,400 meals. The diner's director has provided the following cost data to use in the budget: groceries, $2.05 per meal; kitchen operations, $4,500 per month plus $1.75 per meal; administrative expenses, $3,500 per month plus $0.20 per meal; and fundraising expenses, $1,700 per month. The director has also provided the diner's statement of actual expenses for the month:    Required:Prepare a flexible budget performance report showing both the activity variances and the spending variances for each of the expenses and for total expenses for November. Label each variance as favorable (F) or unfavorable (U). Required:Prepare a flexible budget performance report showing both the activity variances and the spending variances for each of the expenses and for total expenses for November. Label each variance as favorable (F) or unfavorable (U).

On Jun 20, 2024


SM

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The Retained Earnings account is comprised of the cumulative earnings less dividends since the inception of the corporation.

On Jun 15, 2024


True
SM

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Taking action to satisfy the other party's needs and concerns is known as ______.

A) assertiveness
B) cooperativeness
C) supportiveness
D) aggressiveness

On May 22, 2024


B
SM

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The elimination of an unprofitable product line may adversely affect the remaining product lines.

On May 19, 2024


True
SM

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A common first step into international business is global sourcing.

On May 16, 2024


True