Two sisters each open IRAs in 2011 and plan to invest $3,000 per year for the next 30 years. Mary
makes her first deposit on January 1, 2011, and will make all future deposits on the first day of the
year.
Jane makes her first deposit on December 31, 2011, and will continue to make her annual
deposits on the last day of each year. At the end of 30 years, the difference in the value of the IRAs
(rounded to the nearest dollar), assuming an interest rate of 7% per year, will be
A) $19,837. B) $6,300. C) $12,456. D) $210.
A
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An unfavorable sales-volume variance could result from:
A) decreased demand for the product B) competitors taking market share C) customer dissatisfaction with the product D) All of these answers are correct.
The salesperson's primary role at closing is to:
A. Assist the closing attorney and refund the earnest money. B. Conduct the closing and deliver closing statements to all parties. C. Represent their broker and the broke's client. D. Pick up the commission check and deliver it to their broker.