Answer:
A. The first cash flow of an annuity due is made on the first day of the agreement.
G. The last cash flow of an ordinary annuity is made on the last day covered by the agreement.
Explanation:
The computation is shown below:
As we know that
Future value after 4 years is
= Annual deposit × Cumulative FV factor at 9% for 4 periods of an ordinary annuity
= $6,000 × 4.57313
= $27,439
Therefore the above statements are true and the same is to be considered
Hence, all other statements are incorrect
Answer: $498
Explanation:
A Put is an option that will only be exercised if the price of the underlying security which is the stock in this case, falls below the current price of $58.
This means that we will not include the 70% chance of increase in our calculation.
In a contract, there are 100 shares.
Expected profit = Contract price - (Prob. of dropping by 10% * 10% of stock) - (Prob. of dropping by 20% * 20% of stock)
= 730 - ( 20% * 10% * 58 * 100) - (10% * 20% * 58 * 100)
= 730 - 116 - 116
= $498
Marietta is a part of A WORK GROUP.
The correct option is B.
A work group is made up of members, who can represent one unit or department and these members work independently but at the end of the day they pool their outputs together. The characteristic feature of work groups include the following: individual accountability, focus is on individual goals, production of individual work product, defined individual roles, tasks and responsibilities, etc.
Answer:
b. To ensure strict hierarchical control of the organization.
Yes you have to credit a fact if it doesn't involve numbers
