Which of the following is not an economic benefit to society of unemployment insurance?
A) Provides employers a liability-free way to discharge employees without cause
B) Provides spendable cash for dismissed employees
C) Abates the downward spiral of the economy because of reduced spending
D) Helps keep families together under hard economic times
A
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Bellingham Suit Co. has received a shipment of suits that cost $200 each. If the company uses cost-plus pricing and applies a markup percentage of 60%, what is the sales price per suit?
a) $320 b) $500 c) $333 d) $280
An investment advisor has recommended a $50,000 portfolio containing assets R, J, and K; $25,000 will be invested in asset R, with an expected annual return of 12 percent; $10,000 will be invested in asset J, with an expected annual return of 18
percent; and $15,000 will be invested in asset K, with an expected annual return of 8 percent. The expected annual return of this portfolio is ________. A) 12.67% B) 12.00% C) 10.00% D) 11.78%