subject
Business, 06.12.2019 03:31 LikeIke7105

Kirby just inherited $250,000. he would like to hire a financial advisor to provide financial advice and to manage the inheritance. kirby has interviewed two potential advisors. the first person indicated that he would not charge for his advice but would charge a 4.50% commission on any mutual funds purchased when managing the $250,000. the second person indicated that she would charge $2,500 to write a financial plan and 1% of any asset she manages. which advisor should kirby choose if he wants the $250,000 managed and is interested in minimizing his upfront expenses?

a. the first advisor because there is no planning fee.

b. the second advisor because the total first-year cost is $5,000.

c. the first advisor because the total first-year cost is $5,000.

d. because the cost is approximately the same, either advisor could be selected.

ansver
Answers: 3

Another question on Business

question
Business, 21.06.2019 22:30
Abusiness cycle reflects in economic activity, particularly real gdp. the stages of a business cycle
Answers: 2
question
Business, 22.06.2019 04:50
Harwood company uses a job-order costing system that applies overhead cost to jobs on the basis of machine-hours. the company's predetermined overhead rate of $2.50 per machine-hour was based on a cost formula that estimates $240,000 of total manufacturing overhead for an estimated activity level of 96,000 machine-hours. required: 1. assume that during the year the company works only 91,000 machine-hours and incurs the following costs in the manufacturing overhead and work in process accounts: compute the amount of overhead cost that would be applied to work in process for the year and make the entry in your t-accounts. 2a. compute the amount of underapplied or overapplied overhead for the year and show the balance in your manufacturing overhead t-account. 2b. prepare a journal entry to close the company's underapplied or overapplied overhead to cost of goods sold.
Answers: 1
question
Business, 22.06.2019 08:10
The last time he flew jet value air, juan's plane developed a fuel leak and had to make an 4) emergency landing. the time before that, his plane was grounded because of an electrical problem. juan is sure his current trip will be fraught with problems and he will once again be delayed. this is an example of the bias a) confirmation b) availability c) selective perception d) randomness
Answers: 1
question
Business, 22.06.2019 10:40
Parks corporation is considering an investment proposal in which a working capital investment of $10,000 would be required. the investment would provide cash inflows of $2,000 per year for six years. the working capital would be released for use elsewhere when the project is completed. if the company's discount rate is 10%, the investment's net present value is closest to (ignore income taxes) ?
Answers: 1
You know the right answer?
Kirby just inherited $250,000. he would like to hire a financial advisor to provide financial advice...
Questions
Questions on the website: 13722360