when lobbyists for a group of corporations, including dardin restaurants, which owns the olive garden chain, went to legislators that they were friendly with in order to get them to remove a piece of legislation that would have closed a tax loophole that these corporations were using to escape taxes, they engaged in
Answers
When lobbyists for a group of corporations, including Darden Restaurants, which owns the Olive Garden chain, went to legislators that they were friendly with in order to get them to remove a piece of legislation that would have closed a tax loophole that these corporations were using to escape taxes, they engaged in lobbying.
Lobbying refers to the practice of advocating for a particular position or policy proposal to the government or other decision-making bodies.
Lobbyists are individuals or groups who engage in this activity in order to influence the decisions of elected officials or policymakers.
The use of lobbyists is a common tactic used by businesses, interest groups, and other organizations to influence government policy.
These lobbyists typically work to build relationships with lawmakers and other officials, providing them with information and arguments in favor of their position.
In the case of the Darden Restaurants lobbyists, they were working to protect a tax loophole that allowed them to avoid paying taxes on their income.
By engaging with legislators they had relationships with, they were attempting to prevent the closure of this loophole.
This type of lobbying is often controversial, as it can be seen as an attempt to use financial resources and political connections to gain an unfair advantage over others in the political process.
However, it is also an important part of democratic governance, as it allows groups and individuals to make their voices heard on issues that are important to them.
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Related Questions
n small firms, one or two individuals typically handle advertising activities and tend to rely on for copywriting, artwork, and media scheduling advice. a. a freelance specialist b. an advertising agency c. local media d. national media e. an advertising department
Answers
One or two people often manage advertising tasks in small businesses, and they are often relied upon for guidance on authoring, artwork, and media scheduling for local media.
What is advertising exactly?The strategies used to promote a product or service are referred to as advertising. Advertising aims to draw consumers' attention by emphasizing a product or service. Although there are many other uses as well, commercial advertising is the most common. It is frequently used to promote a certain commodity or service.
Commercial advertising typically aims to increase consumption of their products or services by "branding," which associates a product name or image with certain features in consumers' thoughts. On the other hand, commercials that are meant to result in an immediate sale are referred to as direct-response advertisements.
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When Ira purchased 500 shares of prefeHallie owns 20% of the common stock of the Bean Brothers Coffee Company. The company announced plans to offer an additional 10,000 shares of common stock for sale. If Hallie exercises her preemptive rights, Bean Brothers must offer her the opportunity to purchase stock in the Fairlawn Corporation, his certificate indicated the stock had a par value of $50 per share. This means that Ira:________.
Answers
Complete Question:
Hallie owns 20% of the common stock of the Bean Brothers Coffee Company. The company announced plans to offer an additional 10,000 shares of common stock for sale. If Hallie exercises her preemptive rights, Bean Brothers must offer her the opportunity to purchase?
Answer:
2,000 shares
Explanation:
The preemptive rights is the equal opportunity to each shareholder to purchase a proportionate of new shares issuing at the stock exchange to retain its ownership or control position.
Halie has purchased 20% of the company's shares then, if the company is going to issue 10,000 shares of common then 20% of it will be preemptive rights given to Halie as she owns 20%. This means 2,000 share which is 20% of new share offerings would be preemptive rights.
In the above scenario, what is Eliza's opportunity cost if she chooses to plan the
Hollywood star's event?
O All of the above
O Losing out guaranteed income to balance her budget.
Gaining fame and fortune from the recognition
O Choosing the star's event over the average clients' events
Answers
Eliza's opportunity cost if she chooses to plan the Hollywood star's event would be "Losing out guaranteed income to balance her budget." Opportunity cost refers to the value of the next best alternative that must be given up in order to pursue a certain action.
In this case, if Eliza chooses to plan the Hollywood star's event, she would be giving up the opportunity to plan events for her average clients, which would provide her with guaranteed income to balance her budget. While she may gain fame and fortune from the recognition, it is not a guaranteed outcome and does not necessarily outweigh the lost income from not planning events for her average clients.
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4. What competitive structure features pricing that is determined entirely through the laws of supply and demand and requires t
Moderate competition
Perfect competition
Monopolistic competition
Direct competition
Answers
Pricing is not determined by supply and demand forces in monopolistic competition. Companies set the prices for their distinctly different yet similarly priced items. The answer is option (c).
What is monopolistic competition?When a large number of businesses provide rival goods or services that are comparable but imperfect alternatives, monopolistic competition develops. A monopolistic competitive economy has minimal entry requirements, and actions made by any one business do not immediately impact those of its rivals.
Consider a market system where there are many businesses and free enterprise entrance and exit, but the goods these businesses produce are not uniform. A market structure like this is referred to as monopolistic competition.
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Samantha makes $250.00 a week and saves 10% of her paycheck each week. How much will she save in 12 months
Answers
Answer:
7
Explanation:
9867=7
A scuba diver is what type of resource ?
A. Natural resource (N)
B. Human resource (H)
C. Capital good (C).
Answers
Answer:
human resource
Explanation:
i think its a human resource because a scuba diver is a human
Transactions List December 16-31, 2022 Complete each of the following transactions in accordance with the seven-step process on pages 11-12 of the Instructions and Flowcharts book (step 5). Remember the importance of the flowcharts on pages 18-24 for details as to (a) documents to prepare, (b) approvals and other internal control procedures, (c) accounting entries, and (d) filing. You are to perform the roles of Ray Kramer, Nancy Ford, and Jim Adams. Flowchart page references are included in the third column of the transactions list where appropriate. Some of the following events require the preparation or modification of documents and some do not. Although documents accompany most business transactions, you are asked to prepare and work with only a representative sample in this project. Each event on the transactions list includes one of two symbols, which determine whether documents from the loose document set in this project must be prepared or used: You are required to prepare or modify documents from the loose document set for this event. An accounting entry may or may not be required. No You are not required to prepare or modify documents from the loose document set because documents would not normally be prepared or modified for this type of event. An accounting entry is required, with one exception: the annual change in employee pay rates.
Answers
The task involves performing seven-step transactions using the Instructions and Flowcharts book, involving roles and document preparation, internal control procedures, and filing.
The task involves simulating the process of handling transactions by following the seven-step process outlined in the Instructions and Flowcharts book.
Each transaction should be approached systematically, considering the appropriate documents, approvals, internal control procedures, accounting entries, and filing requirements.
The roles of Ray Kramer, Nancy Ford, and Jim Adams should be assumed when performing the tasks assigned in the transactions list.
It is important to refer to the flowchart pages provided to understand the specific details and requirements for each transaction.
Some transactions will require the preparation or modification of documents from the loose document set, while others will not.
Additionally, accounting entries will be necessary for most transactions, except for the annual change in employee pay rates.
By following the prescribed steps and guidelines, the transactions can be accurately processed, ensuring proper documentation, internal controls, and accounting entries are in place.
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One of the most aspects of investing is diversification and deciding on which assets the investments will be allocated, To address this need of asset allocation, the mutual fund industry also offers asset allocation funds. Which of the following feature about asset allocation funds is true? A. The managers of these funds establish a desired allocation mix but never change the mix based on the market conditions. B. The managers of these funds establish a desired allocation mix, and as market conditions change over time, the asset allocation mix also changes.
Answers
Option (a), The true feature of asset allocation funds is that the managers of these funds establish a desired allocation mix, and as market conditions change over time, the asset allocation mix also changes.
Asset allocation funds are designed to provide investors with a diversified portfolio of assets, which can help reduce risk and potentially increase returns. The managers of these funds will typically establish an initial allocation mix based on the fund's investment objectives and the investor's risk tolerance. However, as market conditions change over time, the managers may adjust the allocation mix to ensure that the fund continues to meet its investment objectives and provide appropriate levels of risk and return. This means that asset allocation funds can offer investors a convenient way to achieve diversification across a range of asset classes without having to actively manage their portfolios.
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Do you think percentage gains
would get more varied or less
varied if you added additional
mutual funds to your portfolio?
Answers
As the Manager Corporate Affairs of your company, you frequently organize and book your company events at ABC resorts, a luxurious and expensive five-star resort that has the best hotel, entertainment, dining, event and conference facilities in the country. You've booked everything there from client dinners to company conferences to client golf tournaments. The Values of your company include Customer Care, Honesty, Quality, Employee Satisfaction, Cost Optimization, Building Reputation and Growth. The Values of ABC Resorts include, Customer Experience, Profits, Quality Service and Entertainment, Innovation, and Environment Protection. Your own personal Values include, Efficiency, Cost Optimization, Time Management, Building Relationships, Enhancing Family Life and Professional Reputation. Because of the volume of business over the past 11 years, your company has earned a 20 percent discount on company-sponsored events held at ABC. You've become friendly with Alvin; the manager of ABC Resorts and you happen to mention to him that you're in charge of planning your parents' 25th wedding anniversary party in which about a hundred relatives and family friends would be invited. On hearing this, Alvin suggests that you book the event at ABC Resorts. He offers you the same 20 percent discount that he gives to your company if you have the event there. Of course, that would provide you and your family significant savings, and the event would be held in a very prestigious, top-class location. Apply the following process to take a decision: a. Analyze the facts and understand the situation fully Define the ethical issues Identify the ethical parties d. Identify the obligations Consider the Corporate Values of your company, of ABC resorts, and your own Values, and their impact Determine the possible options and evaluate the consequences of each option Select an option, explaining the ethical theory you have applied to reach this decision Write a detailed note explaining the above points a to g.
Answers
When planning your parents' anniversary party, the manager of ABC Resorts offers you the same discount. The recommended decision is to decline the offer for personal use and uphold ethical integrity.
a. Analyze the facts and understand the situation fully:
You are the Manager of Corporate Affairs, and you often book events at ABC Resorts. The manager of ABC Resorts offers you the same discount for your parents' anniversary party.
b. Define the ethical issues:
The ethical issue in this situation is the potential conflict of interest and misuse of company privileges for personal gain.
c. Identify the ethical parties:
The ethical parties involved are yourself, as the Manager of Corporate Affairs, your company, ABC Resorts, and your family.
d. Identify the obligations:
You have an obligation to act in the best interest of your company and uphold its values, maintain honesty and integrity, and avoid any conflicts of interest.
e. Consider the Corporate Values:
Consider the values of your company, ABC Resorts, and your own personal values. Assess how each option aligns with these values and the potential impact on customer care, honesty, quality, employee satisfaction, cost optimization, building reputation, growth, customer experience, profits, quality service, entertainment, innovation, environment protection, efficiency, time management, building relationships, enhancing family life, and professional reputation.
f. Determine the possible options and evaluate consequences:
Possible options include accepting the discount for personal use or declining the offer to maintain ethical integrity. Evaluate the consequences of each option, including the impact on your reputation, the perception of favoritism, and the alignment with your company's and personal values.
g. Select an option based on an applied ethical theory:
Based on the ethical theory of fairness, impartiality, and avoiding conflicts of interest, it is recommended to decline the offer for personal use. This decision aligns with your company's values, avoids any potential conflicts, and maintains professional integrity.
In conclusion, after analyzing the facts, understanding the situation, identifying the ethical issues and parties involved, considering obligations and values, evaluating consequences, and applying an ethical theory, the recommended decision is to decline the offer for personal use and uphold ethical integrity.
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bell variety stores has a contribution margin of 40%. if bell's fixed costs are $30,000 per month, how much must bell variety stores sell per month to break even? 1. $42,000 2. $50,000 3. $75,000 4. $30,000
Answers
Bell Variety Stores must sell $75,000 per month to break even.
Break-even refers to the point at which total revenue equals total costs, resulting in neither profit nor loss. It is the level of sales or production at which a business covers all its expenses, both fixed and variable.
In financial terms, the break-even point is where the company's sales revenue is equal to its total costs, resulting in a net income of zero. At this point, the business has neither made a profit nor incurred a loss.
To calculate the break-even sales for Bell Variety Stores, we need to divide the fixed costs by the contribution margin.
Break-even sales = Fixed costs / Contribution margin
Given that Bell Variety Stores has a contribution margin of 40% and fixed costs of $30,000 per month, we can calculate the break-even sales as follows:
Break-even sales = $30,000 / 0.40
Break-even sales = $75,000
Therefore, Bell Variety Stores must sell $75,000 per month to break even.
The correct answer is option 3. $75,000.
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What is one way people can reduce the amount of taxes they owe in a year?
A. Give money to charity
B. Earn a higher income
C. Purchase luxury goods
D. Work longer hours
Answers
Answer:
A
Explanation:
Donating money to charity is one method people might lower their annual tax burden. Therefore, (A) is the correct option.
What is Tax?Taxes are required payments made to individuals or enterprises by a government agency, whether local, regional, or federal. Income, capital gains, or the estate are all subject to taxes.
One of the ways to reduce the amount of tax payable is to donate money to a charity.
Therefore, (A) is the correct option.
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Relationship service marketing differs from traditional service marketing in that in relationship service marketing:
need satisfaction is approached from the standpoint of the "part."
the primary sales contact is through a trained marketing professional.
profitability is assessed on individual services.
the emphasis is on selling the service a customer requests.
Answers
In relationship service marketing, the correct statement is: need satisfaction is approached from the standpoint of the "part."
Relationship service marketing focuses on building and maintaining long-term relationships with customers. It recognizes the importance of understanding individual customer needs and preferences. Rather than solely emphasizing selling the service a customer requests, relationship service marketing aims to identify and fulfill the broader needs of the customer, even those they may not explicitly express. It involves tailoring services to meet individual customer requirements and building trust and loyalty over time. The primary goal is to develop strong, mutually beneficial relationships with customers, considering their specific needs and preferences as the foundation for delivering exceptional service.
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what are the sources of income of the government? where do these taxes go?
Answers
Answer:
The taxes go in the national income of country
compare and contrast reference theory of meaning and idea theory of meaning
Answers
Explanation:
Reference theory of meaning is a philosophical thought that believes the meaning of a word or acronym is doing in what it points out in the world. But the idea theory of meaning feels the meaning of a word or acronym lies in the group it represents.
For example, the meaning of the term would be seen as relating to illnesses and viruses as well as number of years from the point of view of idea theory of meaning. While the reference theory of meaning would allude the meaning using proper reference to the illness (Coronavirus) that caused the disease.
HELP!!!
What is the effective tax rate for an individual whose taxable income is $150,000 and owes $28,977.50 in taxes?
A. 19.3%
B. 20.3%
C. 22.5%
D. 24.2%
E. 25.0%
Answers
Answer:
A: 19.3%
Explanation:
I took the test on Plato and this was the correct answer.
An individual with a taxable income of $150,000 and a tax debt of $28,977.50 has an effective tax rate of Option A.
What Is the Effective Rate of Taxation?The effective tax rate of an individual or a corporation is the percentage of income paid in taxes. The average rate at which earned (wages) and unearned (stock dividends) income is taxed is known as an individual's effective tax rate.
The effective tax rate refers to the corporation's overall tax rate on its earned revenue. To calculate the effective tax rate, divide the income tax expense by the profits (or income earned) before taxes.
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Most licensed architects are members of which association? A. ACSA B. AIA C. NAAB D. NCARB E. NVOB
Answers
Answer: It is B. AlA
Explanation:ALA is open to all architects and professions related to architecture. Our members hold individual memberships and specialize in all types of architecture.
which phrase best completes the diagram?
Answers
What is the term for a variety of activities designed to stimulate a trial or
purchase?
A. Sales promotion
B. Advertising
C. Public relations
D. Personal selling
Answers
Answer:
I think B.Advertising
Answer:
Sales Promotion
Explanation:
Just took the test.
n 2022, maria who is 66, had adjusted gross income of $32,000, paid the following medical expenses: prescription medicines $ 875 dentist and doctor expenses 1,350 health insurance premiums 700 two pair of eyeglasses 185 what amount can maria deduct as medical expenses (after the adjusted gross income limitation) in calculating her itemized deductions for 2022?
Answers
The amount can maria deduct as medical expenses (after the adjusted gross income limitation) in calculating her itemized deductions for 2022 is B. $2,400.
When it comes to income tax returns in the United States, certain costs that are directly linked to health care are tax-deductible as medical expenses.
The Adjusted gross income (AGI) limitation is calculated by subtracting 7.5% of the AGI from the total amount of medical expenditures.
Maria's AGI is $32,000, therefore the 7.5% reduction would be $2,400 ($32,000 multiplied by 7.5 percent).
Then, to determine the amount that Maria can deduct as medical expenses, $4,110 (the total of her medical expenses) minus $2,400 (the 7.5 percent of her AGI) equals $1,710 ($4,110 - $2,400 = $1,710).
This implies that the amount that Maria can deduct as medical expenses when calculating her itemized deductions for 2022 is $1,710. Therefore, the correct option is B. $2,400.
The question was incomplete, Find the full content below:
In 2022, maria who is 66, had adjusted gross income of $32,000, paid the following medical expenses:
prescription medicines $ 875
dentist and doctor expenses 1,350
health insurance premiums 700
two pair of eyeglasses 185
what amount can maria deduct as medical expenses (after the adjusted gross income limitation) in calculating her itemized deductions for 2022?
A. $3,110
B. $2,400
C. $710
D. $0
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On December 31 of the current year, Plunkett Company reported an ending inventory balance of $215,000. The following additional information is also available:Plunkett sold and shipped goods costing $38,000 to Savannah Enterprises on December 28 with shipping terms of FOB shipping point. The goods were not included in the ending inventory amount of $215,000.Plunkett purchased goods costing $44,000 on December 29. The goods were shipped FOB destination and were received by Plunkett on January 2 of the following year. The shipment was a rush order that was supposed to arrive by December 31. These goods were included in the ending inventory balance of $215,000.Plunkett's ending inventory balance of $215,000 included $15,000 of goods being held on consignment from Carole Company. (Plunkett Company is the consignee.)Plunkett's ending inventory balance of $215,000 did not include goods costing $95,000 that were shipped to Plunkett on December 27 with shipping terms of FOB destination and were still in transit at year-end.Based on the above information, the amount that Plunkett should report in ending inventory on December 31 is:_____________A. $194,000B. $209,000C. $200,000D. $171,000E. $156,000
Answers
The amount that Plunkett should report in ending inventory on December 31 is: E. $156,000.
Ending inventoryUsing this formula
Ending inventory= Ending inventory balance - FOB destination goods purchased - Goods being held on consignment
Let plug in the formula
Ending inventory= $215,000 - $44,000 - $15,000
Ending inventory= $156,000
Therefore the correct option is E.
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Recall the four reasons some people favor trade restrictions. Give an example from the U.S. economy that you think best fits each reasons
Answers
Answer: See explanation
Explanation:
Trade restrictions simply means a way of protecting the local industries. This can be through imposition of tariffs on foreign goods, use of quota etc. The importance of trade restrictions are:
1. Trade restrictions are important in the protection of the infant indutries, that is, the young industries in a country that are just growing.
2. Trade restrictions is necessary to prevent dumping of goods. This mean selling of goods at lower prices or of low quality in a country. This gives such products an unfair advantage over other goods produced in the home country.
3. Trade restrictions is vital on order to protect the strategic indutries.
4. Trade restrictions is also vital in order to protect the jobs of the people in the country. When goods are imported rather than supporting local businesses, this can lead to unemployment as workers will lose their jobs.
Why are companies required to perform payroll withholding?
A. To make sure employees are being paid fairly
B. To make sure employees can pay their taxes
C. To help employees save for retirement
D. To help the company pay its share of taxes
Answers
Answer:
its B
Explanation:
TRUST
which statement about wacc is likely to be true? a. wacc has nothing to do with tax rates. b. wacc can be lower than both the cost of equity and the after-tax cost of debt. c. when the costs of debt and equity both go up, wacc may be unchanged d. wacc and fcf are sufficient to determine the total value of a firm.
Answers
likely to be true about WACC (Weighted Average Cost of Capital) is: b. WACC can be lower than both the cost of equity and the after-tax cost of debt.
The correct Option is b is likely to be true.
This statement is incorrect as tax rates have a significant impact on WACC as it considers both the cost of equity and debt, which are affected by tax rates. his statement is likely to be true as WACC considers the proportion of debt and equity in a firm's capital structure, and the cost of debt is tax-deductible, making it cheaper than equity. Hence, the overall WACC can be lower than both the cost of equity and the after-tax cost of debt.
This statement is incorrect as WACC is a weighted average of the cost of equity and debt, and any change in these costs will affect the overall WACC.
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in contrast to perfect competition, a monopolist charges a a. higher price and produces a larger quantity. b. higher price and produces a smaller quantity c. lower price and produces a larger quantity. d. lower price and produces a smaller quantity.
Answers
A monopolist charges a higher price and produces a smaller quantity of goods in contrast to perfect competition. The company is in control of the market because they are the sole seller of a particular product in the market.
In such a scenario, the monopolist has a market power that allows them to determine prices for goods and services in the market. Because a monopolist faces no competition, it can manipulate the market in such a way that it maximizes its profits at the expense of consumers.To put it another way, the monopolist maximizes their profit by producing a quantity where marginal cost equals marginal revenue, resulting in a higher price and smaller quantity in comparison to perfect competition.
In contrast to a perfect competitive market, there is no threat of entry for other firms, which means that the monopolist does not have to compete on price or quantity as they would in a perfect competitive market. In essence, the monopolist has a complete control of the market, with the ability to limit output and raise prices above what a perfect competitive market would offer.
This means that a monopolist is not subject to the usual supply and demand laws that determine prices in a competitive market, leading to a higher price and smaller quantity being sold.
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Wetlands help reduce erosion through _______.
Answers
Answer:
Wetlands reduce water erosion by trapping sediments.
Refer to exhibit 24-7. the maximum profits earned by a single-price monopolist producing good x are
Answers
Answer:
$4,500
Explanation:
hope i helped :)
Should the job evaluation depend on an appraisal of the jobholder's performance? Why? Why not?
Answers
No, the Job evaluation should not base on the appraisal of the jobholder's performance.
Job evaluation helps to determine the value of a job in comparison to other jobs in an organization.
The job appraisal have to do with evaluation of the performance of a certain employee occupying a certain job position.
So, the Job evaluation should not base on the appraisal of the jobholder's performance because the performance of different employee in certain position can changes.
Therefore, the Job evaluation should not base on the appraisal of the jobholder's performance.
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Rapelje Sporting Goods sold a trampoline for $475 cash on January 3, 2014. The trampoline had cost Rapelje $300. If Rapelje failed to record the transaction, which transaction-level assertion would be violated?
Completeness
Accuracy
Occurrence
Classification
Cutoff
Rapelje Sporting Goods sold a trampoline for $475 cash on January 3, 2014. The trampoline had cost Rapelje $300. If Rapelje records the transaction in the correct accounts but at the wrong dollar amounts, which transaction-level assertion would be violated?
Classification
Cutoff
Accuracy
Completeness
Occurrence
Rapelje Sporting Goods alleges to have $410,000, net of allowance for doubtful accounts, in its accounts receivable account; this balance is made up of 270 total customers. If Rapelje’s true balance is $420,000 and the understated balance is due to the exclusion of a customer’s balance, which balance-level assertion would be violated?
Valuation and Allocation
Existence
Rights or Obligations
Completeness
Rapelje Sporting Goods alleges to have $410,000, net of allowance for doubtful accounts, in its accounts receivable account; this balance is made up of 270 total customers. If Rapelje’s balance should be $400,000 and the overstated balance is due to an understatement of the allowance for doubtful accounts estimate which balance-level assertion would be violated?
Existence
Completeness
Valuation and Allocation
Rights or obligations
Rapelje Sporting Goods has been sued by one of its customers for allegedly selling a defective trampoline that caused injury. The best available independent estimates indicate there is a probable loss of $520,000. Assume that the appropriate treatment is to disclose the event in a footnote. If this event did in fact occur but the company chose not to disclose the event, which presentation and disclosure-level assertion would be violated?
Completeness
Accuracy and valuation
Occurrence and rights and obligations
Classification and understandability
Rapelje Sporting Goods has been sued by one of its customers for allegedly selling a defective trampoline that caused injury. The best available independent estimates indicate there is a probable loss of $520,000. Assume that the appropriate treatment is to disclose the event in a footnote. If the company intentionally ignores the best estimate and discloses the potential loss of this event at $220,000, which presentation and disclosure-level assertion would be violated?
Occurrence and rights and obligations
Accuracy and valuation
Classification and understandability
Completeness
Answers
1. For the first situation, the transaction-level assertion would be violated is this:
Completeness
2. Accuracy
3. Completeness
4. Valuation and Allocation
5. Completeness
6. Accuracy and Valuation
What is transaction-level assertion?A transaction-level assertion is the assurance given by an accountant that all the records in a transaction were fully recorded without any mistakes.
The transaction level assertion certifies that the information provided is accurate and complete. Given the instances in Rapelje Sporting Goods, we can assign the assertons above.
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Which one of the following is an example of a perpetuity? a. Trust income of $1,200 a year forever b. Retirement pay of $2,200 a month for 20 years c. Lottery winnings of $1,000 a month for life d. Car payment of $260 a month for 60 months e. Apartment rent payment of $800 a month for one year
Answers
From the given option , the option which represents the example of perpetuity is, Trust income of $1200 a year forever , the correct option is (a).
The Perpetuity is defined as a type of financial instrument which provides a fixed payment at regular intervals for an indefinite period of time.
So, the correct example of a perpetuity from the options given as: Trust income of $1200 a year forever, because this option describes a fixed payment of $1200 which will be received every year indefinitely, which is the definition of a perpetuity.
The other options describe payments that have a fixed end date or a fixed term, so they are not examples of perpetuities.
Therefore, the correct example of perpetuity is Option(a).
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The given question is incomplete , the complete question is
Which one of the following is an example of a perpetuity?
(a) Trust income of $1,200 a year forever
(b) Retirement pay of $2,200 a month for 20 years
(c) Lottery winnings of $1,000 a month for life
(d) Car payment of $260 a month for 60 months
(e) Apartment rent payment of $800 a month for one year.