Answer:
10.55%
Explanation:
The stock in Bowie's enterprise has a beta of 0.87
The expected return on the market is 11.70%
The risk free rate is 2.89%
Therefore, the required return on the company stock can be calculated as follows
= 2.89%+0.87(11.70%-2.89%)
= 2.89%+10.179%-2.5143%
= 2.89%+7.6647%
= 10.55%
Hence the required return on the company's stock is 10.55%
Greater pricing power is most likely to result from greater:A. unused capacity.B. market concentration.C. volatility in market share.
Answer:
B. market concentration
Explanation:
The answer is that greater pricing power is most likely to result from greater market concentration because this means that there are few competitors in the market which allows to have more power to establish prices.
The other options are not right because unused capacity indicates that there is a lot of competition in the market which doesn't allow to have the power to establish prices and volatility in market share means that there is not a firm position in the market that allows to have greater pricing power.
Tri-Coat Paints has a current market value of $41 per share with earnings of $3.64. What is the present value of its growth opportunities (PVGO) if the required return is 9%? (Do not round intermediate calculations. Round your answer to 2 decimal places.)
Answer:
$0.56
Explanation:
Tri-coat paints has a current market value of $41 per share
They also have an earning of $3.64
The required return is 9%
= 9/100
= 0.09
Therefore, the present value of its growth opportunities can be calculated as follows
= $41-($3.64/0.09)
= $41-40.44
= $0.56
Hence the present value of its growth opportunities is $0.56
27 The following information is related to the defined benefit pension plan of Dreamworld Company for the year: Service cost $ 60,000 Contributions to pension plan 110,000 Benefits paid to retirees 150,000 Plan assets (fair value), January 1 640,000 Plan assets (fair value), December 31 750,000 Actual return on plan assets 150,000 PBO, January 1 900,000 PBO, December 31 960,000 Discount rate 10 % Long-term expected return on plan assets 9 % Assuming no other relevant data exist, what is the pension expense for the year
Answer:
$92,400
Explanation:
Calculation for the pension expense for the year
PENSION EXPENSE
Service cost $60,000
Interest cost $90,000
(10%*900,000)
Less Expected return on plan assets ($57,600)
(9%*640,000)
Pension expense $92,400
Therefore the is the pension expense for the year will be $92,400
Following are several figures reported for Allister and Barone as of December 31, 2018:
Allister Barone
Inventory $530,000 $330,000
Sales 1,060,000 860,000
Investment income not given
Cost of goods sold 530,000 430,000
Operating expenses 245,000 315,000
Allister acquired 70 percent of Barone in January 2017. In allocating the newly acquired subsidiary's fair value at the acquisition date, Allister noted that Barone had developed a customer list worth $70,000 that was unrecorded on its accounting records and had a 4-year remaining life. Any remaining excess fair value over Barone's book value was attributed to goodwill. During 2018, Barone sells inventory costing $126,000 to Allister for $172,000. Of this amount, 20 percent remains unsold in Allister's warehouse at year-end. Determine balances for the following items that would appear on Allister's consolidated financial statements for 2018:
Amounts
Inventory
Sales
Cost of goods sold
Operating expenses
Net income attributable to noncontrolling interest
Answer and Explanation:
The computation of inventory, sales, cost of goods sold, Operating expenses and Net income attributable to non-controlling interest is shown below:-
But before that we need to determine the following calculations
Unrealized profit on inventory = ($172,000 - $126,000) × 10%
= $4,600
Customer list amortization = $70,000 ÷ 4
= $17,500
Inventory = $530,000 + $330,000 - $4,600
= $855,400
Sales = $1,060,000 + $860,000 - $172,000
= $1,748,000
Cost of goods sold = $530,000 + $430,000 + $4,600 - $172,000
= $792,600
Operating expenses = $245,000 + $315,000 + $17,500
= $577,500
Net income attributable to non-controlling interest = 10% × ($860,000 - $430,000 - $315,000 - $4,600 - $17,500)
= 10% × $92,900
= $9,290
Yan Yan Corp. has a $5,000 par value bond outstanding with a coupon rate of 4.6 percent paid semiannually and 21 years to maturity. The yield to maturity on this bond is 4.1 percent.
What is the price of the bond?
Answer:
Price of the bond = $4,122.36
Explanation:
The value of the bond is the present value(PV) of the future cash receipts expected from the bond. The value is equal to present values of interest payment plus the redemption value (RV).
Value of Bond = PV of interest + PV of RV
The value of bond for Yan Yan Corp. be worked out as follows:
Step 1
PV of interest payments
Semi annul interest payment
= 4.6% × 5,000 × 1/2 = 115
Semi-annual yield = 4.1%/2 = 2.05 % per six months
Total period to maturity (in months) = (2 × 21) = 41 periods
PV of interest =
115 × (1- (1+0.0205)^(-21)/0.0205)=1,946.47
Step 2
PV of Redemption Value
= 5000 × (1.0205^(-41) = 2,175.89
Step 3:Price of the bond
Total present Value = 1,946.47 + 2,175.89 = 4,122.36
Price of the bond = $4,122.36
Calculate the monthly implicit costs for a business owner who devotes 200 hours per month to his business that could be spent working at $50/hour for someone else.
Answer:
Implicit cost = $10,000
Explanation:
Implicit cost is the opportunity cost of using resources a business already owns.
This business owner passes this income by being in a business for himself
200 hours per month multiplied by $50/hour
200 x 50
= 10000
Implicit cost = $10,000
1. What is occupational education? Show the three differences between medium
and higher level education.
Answer and Explanation:
Occupational education refers to the learning capability of the student according to their interest, skills, knowledge, opportunity that are based on future plans. This represents the positive attitude towards the work and labor
The difference is as follows
Medium level education High level education
1. In this, the person moved 1. In this, the person moved to
to the past entry level but the past entry level also it reached
do not reach to to its end i.e selection
its end i.e selection
2. The person has less knowledge 2. The person has more knowledge
and skills and skills
3. Due to this, the person 3. Due to this, the person is able to
is not able to get high package get high package and opportunities
One characteristic of weekly newspapers is that they usually serve national consumers rather than local consumers. tend to have a larger male readership than daily newspapers. emphasize local news and advertising. have a significantly lower CPM than daily newspapers. do not charge premium rates.
Answer: emphasize local news and advertising.
Explanation:
One of the main function of the newspaper is to pass message accross to its readership. The newspaper sends information accross to people by informing them about happenings in the local and international scene.
One characteristic of weekly newspapers is that they emphasize local news and advertising. People can advertise on weekly newspapers and gets information across to the local people.
"A customer has an existing short margin account with credits of $16,000 and a short position in ABC stock worth $10,000. The SMA in the account is $1,000. If the market value of ABC falls to $9,000, the equity is:"
Answer:
Equity= $7,000
Explanation:
A customer has an existing short margin account that contains credit of $16,000
The short position in ABC stock is worth $10,000
The SMA in the account is $1,000
Therefore, if the market value of ABC falls down to $9,000 then, the equity can be calculated as follows
Equity= $16,000-$9,000
=$7,000
Hence the equity is $7,000
Che MFG Company experiences the following cost behavior patterns each week
Fixed costs: supervisor's salary $1,200; factory rent $2,900
Mixed costs: utilities $1,700+ $5.75 per unit
Variable costs per unit manufacturing labor wages $21.00; supplies used in production $9.00; packaging cost $2.75, warranty cost $4
Required: Compute total costs to be incurred for a week with 2,770 units of activity. (Do not round intermediate calculations.)
Total cost___________
Answer:
Total cost= $123,525
Explanation:
Giving the following information:
Fixed costs: supervisor's salary $1,200; factory rent $2,900
Mixed costs: utilities $1,700+ $5.75 per unit
Variable costs per unit manufacturing labor wages $21.00; supplies used in production $9.00; packaging cost $2.75, warranty cost $4
We need to determine the total cost of 2,770 units:
Total variable cost= 5.75*2,770 + 21*2,770 + 9*2,770 + 2.75*2,770 + 4*2,770
Total variable cost= $117,725
Total fixed costs= 1,200 + 2,900 + 1,700= $5,800
Total cost= 117,725 + 5,800= $123,525
The FREC is investigating a claim by a buyer that the broker had not given the proper disclosure to the buyer before the buyer purchased a home. The broker has paperwork dating back three years from the date of the signing of the document in question, and one year after the legal action of the case. Is the broker protected?
Answer:
No
Explanation:
The Florida Real Estate Commission was constituted in 1926. Members are appointed by the Governor.
The aim of FREC is to protect ye public from bad practices by brokers. They have the authority to impose disciplinary action on lisensees.
According to requirement of the FREC the broker is required to keep records of transactions 5 years after the transaction occurred and 2 years after any legal action.
In this case the broker kept his records 3 years after the transaction and 1 year after legal action.
So he is not protected from disciplinary action by the FREC
The comparative balance sheet of Nathan Company appears below: NATHAN COMPANY Comparative Balance Sheet December 31, Assets 2017 2016 Current assets $420 $333 Plant assets 780 567 Total assets $1,200 $900 Liabilities and stockholders' equity Current liabilities $168 $144 Long-term debt 300 162 Common stock 432 306 Retained earnings 300 288 Total liabilities and stockholders' equity $1,200 $900 Using horizontal analysis, show the percentage change for each balance sheet item using 2016 as a base year. NATHAN COMPANY Comparative Balance Sheet December 31, Assets 2017 2016 Percentage change Current assets $420 $333 % Plant assets 780 567 % Total assets $1,200 $900 % Liabilities and stockholders' equity Current liabilities $168 $144 % Long-term debt 300 162 % Common stock 432 306 % Retained earnings 300 288 % Total liabilities and stockholders' equity $1,200 $900 % Using vertical analysis, prepare a common size comparative balance sheet. (Round percentages to 0 decimal places, e.g. 12.) NATHAN COMPANY Comparative Balance Sheet December 31 2017 2016 Assets Amount Percentage Amount Percentage Current assets $420 % $333 % Plant assets 780 % 567 % Total assets $1,200 % $900 % Liabilities and stockholders' equity Current liabilities $168 % $144 % Long-term debt 300 % 162 % Common stock 432 % 306 % Retained earnings 300 % 288 % Total liabilities and stockholders' equity $1,200 % $900 %
Answer:
NATHAN COMPANY
Comparative Balance Sheet
For the years 2017 and 2016
2017 2018 Change Change
value in %
Assets:
Current assets $420 $333 $87 26.13%
Plant assets $780 $567 $213 37.57%
Total assets $1,200 $900 $300 33.33%
Liabilities and stockholders' equity
Current liabilities $168 $144 $24 16.67%
Long-term debt $300 $162 $138 85.19%
Common stock $432 $306 $126 41.18%
Retained earnings $300 $288 $12 4.17%
Total liabilities and equity $1,200 $900 $300 33.33%
The labor cost to produce a certain item is $8.50 per hour. Job setup costs $50 and material costs are $20 per unit. The item can be purchased for $88.50 per unit. The learning rate is 90 percent. Overhead is charged at a rate of 50 percent of labor, materials, and setup costs.
Required:
a. Determine the average unit cost for 20 units, given that the first unit took 5 hours to complete.
b. What is the minimum production quantity necessary to make production cost less than purchase cost?
Answer:
Explanation:
Given
Setup cost =$50
Material cost = $20
= $20×$20
= $400
Purchased cost = $88.50
Learning rate (P) = 90%
Labor cost is $8.50, and it requires 5 hours to produce the first unit. Total time required for the production of 20 units is
= 5×14.608
= $73.04
The value 14.608 is the total time factor which has been taken from table 7S.1 and the time required for the production of 20 units at the rate of 90% is 14.608. Hence, the labor cost for the production of 20 units will be calculated using the following method.
Cost of labor for production of 20 units
= 8.50×73.04
= $620.84
Hence,
In the problem, it has been given that the overhead cost is 50% of the labor material, and setup cost. Hence,
= 50/100 (620.84+50+400)
= 0.5×(1070.84)
= $535.42
Hence total cost
$535.42 +$1070.84
=$ 1606.26
Hence, the cost of production of 20 units is calculated by the following method.
= $1606.26÷20
=$80.313
Therefore, the unit cost is $80.313/unit.
Ans B:
The minimum production quantity important to make the production cost less than the purchase cost is calculated by the trial-and-error method. Now, let's take average unit cost when the 10 units are produced.
Setup cost =$50
Material cost = $20
= $20×$10
= $200
Labor cost is $8.50, and it requires 5 hours to produce the first unit. Total time required for the production of 10 units is
=5×7.994
= $39.97
The value 7.994 is the total time factor which has been taken from table 7S.1 and the time required for the production of 10 units at the rate of 90% is 7.994. Therefore, the labor cost for the production of 10 units will be calculated by the following method.
The cost of production of 20units
8.50×7.994×5
= $339.745
2. “An American woman executive is sent to negotiate a contract with a corporation in Saudi Arabia. She dresses conservatively in a dark business suit and completes her makeup and hair in the US fashion. She finds the Arabs to be very aloof. She is asked when her boss will be arriving and is feeling ignored.”
a. What mistakes have been made?
b. What can be done to correct such a situation?
Answer:
1. The mistakes she made include:
1. Dressing like a male when it was expected that she should dress like a female.
2. Not wearing a feminine cloth but rather a suit.
3. She wearing a makeup.
4. She fixing her hear but not covering it with hijab.
b. She could have done the following to fix it:
1. Making researches on how best to dress when in Saudi Arabia.
2. Wearing a long covering cloth.
3. Covering her hair with Hijab despite not been from their culture and country.
Explanation:
The rate of economic growth per capita in France from 1996 to 2000 was 1.9% per year, while in Korea over the same period it was 4.2%. Per capita real GDP was $28,900 in France in 2003, and $12,700 in Korea. Assume the growth rates for each country remain the same. 1. Compute the doubling time for France’s per capita real GDP. Use the rule of 72. 2. Compute the doubling time for Korea’s per capita real GDP. Use the rule of 72. 3. What will France’s per capita real GDP be in 2045? 4. What will Korea’s per capita real GDP be in 2045?
Answer and Explanation:
The rule of 72 refers the time period in which your investment which you invest should be doubled
So based on the rule of 72, the computation is shown below:
1. doubling time for France per capita real GDP is
= Rule of 72 ÷ rate
= 72 ÷ 1.9
= 37.89 years
2. Doubling time for Korea per capita real GDP is
= Rule of 72 ÷ rate
= 72 ÷ 4.2
= 17.14 years
3. France per capita real GDP in year 2045 is
= Per capita read GDP × (1 + growth rate)^time period
= $28,900 × 1.019^42
= $63,710.88
4. Korea per capita real GDP in year 2045 is
= Per capita read GDP × (1 + growth rate)^time period
= $12,700 × 1.042^42
= $71,490.43
The time period 42 comes from
= 2045 - 2003
= 42 years
A newly formed firm must decide on a plant location. There are two alternatives under consideration: locate near the major raw materials or locate near the major customers. Locating near the raw materials will result in lower fixed and variable costs than locating near the market, but the owners believe there would be a loss in sales volume because customers tend to favor local suppliers. Revenue per unit will be $172 in either case.
Omaha Kansas City
Annual fixed costs ($ millions) $1.0 $1.1
Variable cost per unit $30 $45
Expected annual demand (units) 9800 11,625
Required:
Using the above information, determine what the profit would be for Kansas City.
Answer:
Profit for Kansas City = $376,375
Explanation:
a) Data and Calculations:
Omaha Kansas City
Expected annual demand (units) 9,800 11,625
Annual fixed costs $1,000,000 $1,100,000
Variable cost per unit $30 $45 $294,000 $523,125
Total cost $1,294,000 $1,623,125
Revenue $1,685,600 $1,999,500
Profit $391,600 $376,375
From the above differential analysis, it appears that locating in Omaha would be better and more profitable than locating in Kansas City for the company. This is based on the fact that more profit ($15,225) will be generated with Omaha location than locating in Kansas City.
On February 3, 1969, New York lawyer and businessman _______________ was appointed the Beatles' business manager, as John was impressed by what the man had done financially for the Rolling Stones.
Answer:
Allen B. Klein
Explanation:
Allen B. Klein was an American businessman that became a powerful person in the music industry because he managed several artists and became well known for helping them increase their income and he worked with Sam Cooked, the Rolling Stones and The Beatles who hired in him in 1969 as their manager. According to this, the answer is that on February 3, 1969, New York lawyer and businessman Allen B. Klein was appointed the Beatles' business manager, as John was impressed by what the man had done financially for the Rolling Stones.
A ________ pay plan pays for individual performance based on performance appraisal ratings.
A) piece-rate
B) merit-based
C) employee stock ownership
D) profit-sharing
E) gainsharing
Answer:
B) merit-based
Explanation:
The merit based in the plan that depends upon the performance of the employees in an annual year. It could be analyzed by the supervisor or the team leader who motivates him, guides him to accomplish the company objective.
Therefore according to the given situation, option B is correct
And all other options are wrong
The "TAO" approach to digital marketing analytics stands for.
Answer:
The "TAO" approach to digital marketing stands for the way through which digital marketers can make themselves heard in the digital world in the midst of all the digital noise. He believed that, apprenticeships is the best way.
This offers the person a great way to gain both knowledge and experience while getting paid at the same time. For example,there are more and more apprenticeship bodies someone can engage with like The Juice Academy and Arch Apprentices.
Explanation:
Martin works as a pizza delivery person.He parks his bike outside Regalia Inc.to deliver an order.Meanwhile,a damaged book rack in Regalia,which is situated on the first floor of the building,falls down through an open window and crashes on his bike.However,no one admits to having seen the rack fall.Can Martin recover against Regalia for negligence?
A) Martin can recover only if he finds a witness who saw the book rack crashing on the bike.
B) Martin can recover if he can prove that book racks do not fall out of windows in the absence of negligence and that Regalia Inc. had exclusive control of the rack prior to the fall.
C) Martin will be unable to recover because parking under an open floor window amounts to contributory negligence and he is therefore liable for the accident too.
D) Martin will be unable to recover because parking under an open window amounts to assumption of risk.
Answer:
B) Martin can recover if he can prove that book racks do not fall out of windows in the absence of negligence and that Regalia Inc. had exclusive control of the rack prior to the fall.
Explanation:
Negligence is defined as a situation where a person does not take due care and conduct oneself like a reasonable person in a given circumstance.
When a defendant is negligent he will be held responsible for damage that results from his negligence.
In this scenario Martin's parked his bike and makes a delivery, meanwhile a book rack falls on his bike.
Martin's can only recover against Regalia if he proves that he was not negligent in any way, and that Regalia had control of the rack before the fall.
For example if Martins did not park his bike in a designated parking spot, he can be seen to be negligent. In that case he will not be able to recover against Regalia.
If the average aggregate inventory value is $100,000 and the cost of goods sold is $450,000, which of the following is inventory turnover?
A. 19.23
B. 4.5
C. 0.8654
D. 0.2222
E. None of the above
Answer: B 4.5
Explanation:
An officer of a company has acquired shares of that issuer in the open market. If the officer wishes to sell the shares:
Answer: C. II and III
Explanation:
As the shares were acquired by the officer on the open market, they are considered Control Stock. Sale of Control Stock falls under the purview of Rule 144 of the SEC that governs the sale of restricted, unregistered, and control securities so a Form 144 will need to be filed with the Sec making III correct.
Furthermore, control stock are not subject to a holding period requirement so option II is correct as well. Option C is therefore the best answer.
Suppose a shortage in materials results in decrease in the supply of golf balls in the United States of 5%. If the elasticity of demand of golf balls sold in the US is -0.8, the new equilibrium price will be
Answer:
price elasticity of supply (PES) = % change in quantity supplied / % change in price
PES = -0.8% change in quantity supplied = -5%-5% = -0.8 / % change in price
% change in price = -0.8 / -5% = 16%
we are not given the initial price of the golf balls and I looked for similar questions but couldn't find any. But assuming that the initial price is $1, then the new price = $1 x (1 + 16%) = $1.16. If the initial price was $2, then new price = $2 x (1 + 16%) = $2.32. And son on.
Portage Bay Enterprises has $1 million in excess cash, no debt, and is expected to have free cash flow of $11 million next year. Its FCF is then expected to grow at a rate of 5% per year forever. If Portage Bay's equity cost of capital is 10% and it has 4 million shares outstanding, what should be the price of Portage Bay stock?
Answer:
=$55.25
Explanation:
Value of Equity= FCF / (k - g)
value of equity=$11/(10%-5%)=$220 million
total value of the firm(all equity)=value of equity+cash
value of equity=$220 million+$1 million
share price value=value of total equity/shares outstanding
share price value=$221 million/4 million=$55.25
Alternatively:
Value of equity=$11/(1+10%)^1+$11*(1+5%)/(10%-5%)/(1+10%)^1=$220 million
According to McClelland, a high need for ____ is associated with successful attainment of top levels in the organizational hierarchy.
a. power
b. achievement
c. affiliation
d. success
e. expertise
Answer:
power
Explanation:
Based on McClelland's Organizational Hierarchy, the top level is associated with a high need for power. Individuals pursuing this level need to enjoy status recognition, winning arguments, competition, and influencing others since their main motivation or need is to amass as much power as possible, and for this to happen and for them to become powerful/winner someone else must lose.
The required investment cost of a new, large shopping center is $49 million. The salvage value of the project is estimated to be $20 million (the value of the land). The project's life is 15 years and the annual operating expenses are estimated to be $14 million. The MARR for such projects is 15% per year. What must the minimum annual revenue be to make the shopping center a worthwhile venture?
Answer:
The minimum annual revenue is 22.38 million.
Explanation:
Let the minimum annual revenue = X
Therefore,
The present value of cash inflows = Present value of cash outflows
X (P/A,15%,15) + 20 (P/F,15%,15)= 49*1 + 14(P/A,15%,15)
Now look into the annuity table or compound interest factor table and use that values to solve the equation.
X(5.847) + 20 (0.1229) = 49 + 14 (5.847)
X(5.847) = 130.858
X = 130.858 / 5.847
X = 22.38 millions
The minimum annual revenue = 22.38 million.
Moepro, Inc. is considering a fiveyear project that has an initial outlay or cost of $120,000. The respective future cash inflows from its project for years 1, 2, 3, 4 and 5 are: $55,000, $45,000, $35,000, $25,000, and $15,000. Moepro uses the internal rate of return method to evaluate projects. What is the project's IRR? A. The IRR is over 25.50%. B. The IRR is about 17.86%. C. The IRR is less than 22.50%. D. The IRR is about 19.16%.
Answer:
B. The IRR is about 17.86%.
Explanation:
The Calculation of the Project`s Internal Rate of Return (IRR) can be done using a Financial Calculator as follows ;
-$120,000 CFj
$55,000 CFj
$45,000 CFj
$35,000 CFj
$25,000 CFj
$15,000 CFj
Shift IRR 17,8557 or 17.86 % (2 decimal places)
When a deliverable arrived, Craig met with the team member responsible
for ordering the deliverable to confirm it was the correct model and size.
Which of the following project elements was Craig monitoring in this scenario?
a. Budget
b. Schedule
c. Scope
d. Risk
Answer:
Project Element Craig Monitored in this scenario:
d. Risk
Explanation:
The element of the project that Craig monitored ensures that the deliverable conforms with the correct model and size because there is the risk that this could not conform if a deliverable was not not checked with the team member who ordered the deliverable. Since higher risks of deliverables not conforming to model and size would render the whole project unsuccessful, Craig has to meet with the team member responsible. In order words, the meeting between Craig and the team member for confirmation of correct model and size eliminates the risks of non-conformance.
In the example above when deliverable came and Craig met with the team member for ordering confirming whether the model and size was correct, Craig was monitoring Risk. So the correct option is D.
Risk refers to the possibility chances that the desired or the expected result will be obtained from the activities that are undertaken. Risk is directly related to the reward of such activity.
In the example above where Craig confirms whether the model and size of goods arrived were correct with the help of the team member who ordered such deliverable, risk was being monitored.In this case the risk can be denoted by value of 1 as the chances of getting the correct model and size are equal with chances of getting the incorrect model and size. Risk can be denoted by beta .[tex]\rm Risk = \beta[/tex]
Monitoring of risk is an important aspect so as to ensure whether the activities undertaken for the benefit of the business are standing true to their efforts or not.
Hence, the correct option is D that Craig was monitoring risk by checking the deliverable was correct in terms of model and size with the help of a team member.
To know more about risk monitoring, click the link below.
https://brainly.com/question/1510213
A manufacturing division has an average of $1,800,000 invested in assets and earned income of $720,000. The division's return on investment is
Answer:
ROI = 0.4
Explanation:
To find the answer, we use the following formula:
Return on Investment = Profit / Investment
Now, we simply plug the amounts into the formula:
Return on Investment = $720,000 / $1,800,000
= 0.4
Answer:
40%
Explanation:
White says, “We live in a world where success is defined by income.” Do you agree with this statement? Discuss examples in your life that support or negate this idea.
Answer:
yes i agree coz nowadays even in my family, the outsiders give more respect and praise my big brother as he earns big income
The decision that could be made regarding the statement that "In the modern world, income has turned equivalent to success" would be:
Yes.
The reason to agree with this statement is due to the increased importance that the modern world has provided to money.For example, a person is considered successful only when he earns a handsome amount while a person with a lower or average income but greater satisfaction level is considered unsuccessful. However, there is also a saying that "money can't buy happiness" which suggests that people can be sad even after having money and vice versa.Thus, it depends on the individual's perception and the way they equate success with happiness or material possessions.Learn more about "Income" here:
brainly.com/question/14732695