Priscilla Presley and investment manager Jack Snowden formed a Partnership on June 7, 1982, to conduct business and manage the assets of Elvis' estate.
An agreement between two or more people to manage a business's operations and divide its assets and liabilities is known as a partnership.
What is the function of partnership?A partnership agreement is a legally binding agreement between two or more people or other legal entities with the aim of establishing a business entity.
There must be at least two people present. There must be an understanding. The business must distribute its gains. Mutual agency is required, meaning that all of them must do business on their own behalf or that any one of them may do so.
A partnership is a type of business where two or more persons enter into a legal agreement to be co-owners, share in the organization's profits or losses, and divide the duties for managing it.
All partners in a general partnership corporation split the company's assets and debts equally. Lawyers and other professionals frequently create limited liability partnerships.
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A farmer is an example of what kind of producer?
A. Builder
O B. Raw-goods producer
C. Manufacturer
D. Service business
Answer:
Option B Raw goods producer
Explanation:
Raw-goods producer is the kind of producer of a farmer. Hence, option B is correct.
What is a Raw-goods producer?A manufacturer of raw materials: Producers of raw goods are a primary source of dependency for most firms since they provide the raw materials required to create the desired final products. for instance, machinery for producing cement. They produce goods that satiate desires in subtle ways.
Producer commodities include things like a warehouse, a factory, or an office building. A service that helps the company generate more of the goods and services in its supply chain is also regarded as a producer good.
An individual who creates and provides goods or services is a producer. Factor inputs, such as labour and capital, are combined by producers to make, or transform, a product.
Thus, option B is correct.
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What is a survey?
A. It is when only a portion of a population is researched.
B. It is a research method where the researcher assembles small
groups of people.
C. It involves recording actions or events related to buying behavior.
D. It is a set of questions used for gathering data.
It is a set of questions used for gathering data is a survey. Hence, option D is correct.
What is gathering data?Data collection is the process of gathering and measuring information on variables of interest in a systematic and prescribed manner in order to respond to specific research questions, test hypotheses, and evaluate findings.
The methods usually utilized in TNA to collect data include surveys and interviews. Because each TNA has characteristics that make it more or less effective according on the situation and the parties involved, it is necessary to select which one to utilize.
Data enables businesses to evaluate the efficacy of a certain strategy: Gathering data after implementing solutions to a problem will allow you to determine how well your strategy is functioning and whether it needs to be modified over time.
Thus, option D is correct.
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Which of the following would provide you with information about the health of the U.S. economy: *
Answer:
this makes no sence!
Explanation:
Keynes argued that: Group of answer choices the distinction between the short run and the long run is irrelevant. the long run is a more important policy concern than the short run. the short run is a more important policy concern than the long run. both the short run and the long run are equally important.
Answer:
C. the short run is a more important policy concern than the long run.
Explanation:
John Maynard Keynes was a British economist born on the 5th of June, 1883 in Cambridge, England. He was famous for his brilliant ideas on government economic policy and macroeconomics which is known as the Keynesian theory. He later died on the 23rd of April, 1946 in Sussex, England.
According to the Keynesian Transmission Mechanism, the link between the money market and the goods and services market is indirect; because at first, short-term interest rates are lowered by an increase in the supply of reserves and then with time both the bond and bank loan rates falls. Consequently, this would make investments and aggregate demand (AD curve shifts rightward) to rise or increase as a result of the low cost of capital for investors and by extension it boost the level of production or quantity of output (real gross domestic product or Real GDP). This ultimately implies that, the interest rates affects the real and costs of capital (monetary changes).
Hence, Keynes argued that the short run is a more important policy concern than the long run and he was quoted as saying, in the long-run we're all dead.
A new ad for the shampoo brand Better Not Younger focuses on how its products make aging hair feel softer, which is the ____________________ that the brand's marketing team would like to communicate.a. product attributeb. executional stylec. product benefitd. corporate identitye. lifestyle message
Answer: product benefit
Explanation:
When advertising a particular product, the product benefit simply means the benefits that the consumers will enjoy when they bunch such products.
In this case, Better Not Younger focuses on how its products make aging hair feel softer, therefore thus is the product benefit as this is what the consumers will enjoy when they purchase it.
Brickhouse is expected to pay a dividend of $3.55 and $2.62 over the next two years, respectively. After that, the company is expected to increase its annual dividend at 3.7 percent. What is the stock price today if the required return is 12.1 percent?
a. $28.89
b. $25.73
c. $33.49
d. $30.98
e. $35.93
Answer: $30.98
Explanation:
Year 1 dividend = $3.55
Year 2 dividend = $2.62
Other years dividend ie. Year 3.... = $2.62(1 + 3.7%) = $2.62(1 + 0.037) = 2.71694
Stock price today will then be:
= 3.55/(1 + 0.121) + 2.62/(1+0.121)^2 + 2.71694/(1 + 0.121)^2(0.121 - 0.037)
= 3.166815 + 2.08492 + 25.73887
= $30.98 approximately
Which type of business constituent has titles such as President and CEO?
Answer: s corporations
Explanation:
hope this helps. With an S corporation that has a single shareholder, he or she can be called the president, CEO, or another title. S corporations with more than one shareholder can issue titles at the time of formation.
The weighted-average cost method is used by Jose, Inc. Sales are $240,000, the number of units available for sale is 100, the number of units sold during the period is 75, and the weighted-average cost of the goods available for sale is $600 each. How much is gross profit for the company?a. $195,000 b. $ 60,000 c. $ 30,000 d. $ 45,000
Answer:
Gross profit= $195,000
Explanation:
Giving the following information:
Sales= $240,000
Number of units sold= 75
Weighted-average cost= $600 each.
To calculate the gross profit, we need to use the following formula:
Gross profit= sales - COGS
Gross profit= 240,000 - 75*600
Gross profit= $195,000
On January 1, 2019. A Corp purchased equipment for $20,000. The equipment had an estimated useful life of 5 years and a salvage value of $2,000. A Corp. uses the straight-line method for depreciation It A Corp sells the equipment for $13,600 on December 31 2020, it will have an:___________. (Hint: Watch the dates) a. $2,000 loss. b. $2,000 gain c. $800 gain d. $800 loss
Answer:
c. $800 gain
Explanation:
First we need to calculate the accumulated depreciation as on December 31, 2020
Accumulated depreciation = ( ( Cost - Salvage value ) / Useful Life ) x Numbers of years
Placing values in the formula
Accumulated depreciation = ( ( $20,000 - $2,000 ) / 5 year ) x ( December
31, 2020 - January 1, 2019 )
Accumulated depreciation = $3,600 x 2 years
Accumulated depreciation = $7,200
Now calculate the carrying value as on December 31, 2020
Carrying Value = Cost of asset - Accumulated Depreciation
Placing values in the formula
Carrying Value = $20,000 - $7,200 = $12,800
Now calculate the gain or loss on disposal
Gain / Loss on Disposal = Sale price - Carrying value
Placing values in the formula
Gain / Loss on Disposal = $13,600 - $12,800
Gain on Disposal = $800 Gain
Nearly half of all marriages in the United States end in divorce. Briefly describe how sociologists might view this situation from the structural-functional approach, the social-conflict approach, and the symbolic-interaction approach. Also indicate whether each approach takes a macro-level orientation or a micro-level orientation
Answer:
they could first find why they are fighting why they want to divorce and go from there its not that descriptive but if it was it would be macro level
Explanation:
The structural-functional approach views divorce as a breakdown of the social institution of marriage, which serves important functions in society, such as reproducing and socializing children.
The social-conflict approach sees divorce as a result of power struggles between men and women, highlighting how gender inequality and economic disparities contribute to divorce rates. This approach takes a macro-level orientation.
Lastly, the symbolic-interaction approach focuses on how individuals make sense of divorce and how it affects their daily interactions and sense of self. This approach takes a micro-level orientation. Understanding divorce through these different sociological perspectives can shed light on the various factors contributing to the high divorce rates in the United States.
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The following financial information is available for Flint Corporation.
(in millions) 2017 2016
Average common stockholders’ equity $2,825 $2,925
Dividends declared for common stockholders 335 630
Dividends declared for preferred stockholders 45 45
Net income 605 685
Required:
Calculate the payout ratio and return on common stockholders’ equity ratio for 2017 and 2016.
Answer:
dividends payout ratio = total dividends / net income
dividends payout ratio 2016 = $630 / $685 = 0.9197 = 91.97%dividends payout ratio 2017 = $335 / $605 = 0.5537 = 55.37%return on equity = (net income - preferred dividends) / average equity
return on equity 2016 = ($685 - $45) / $2,925 = 0.2188 = 21.88%return on equity 2017 = ($605 - $45) / $2,825 = 0.1982 = 19.82%On December 28, 2021, Tristar Communications sold 10 units of its new satellite uplink system to various customers for $25,000 each. The terms of each sale were 1/10, n/30. Tristar uses the net method to account for sales discounts.In what year will income before tax be affected by discounts, assuming that all customers paid the net-of-discount amount on January 6, 2022?
Answer:
The income before tax will be affected by discounts in 2021.
Explanation:
The terms 1/10, n/30 imply that payment made within 10 days will enjoy 1% discount while full payment has to be made within 30 days if the payment was not made within 10 days.
Since it is assumed in the question that all customers paid the net-of-discount amount on January 6, 2022, that means they all paid within 10 days and enjoyed 1% discount. The anticipated discount allowed is calculated as follows:
Anticipated discount allowed = 1% * ($25,000 * 10) = 1% * $250,000 = $2,500
Since the sales was made on December 28, 2021, the anticipated discount allowed will reduce the 2021 income before tax by $2,500.
This is based on the Matching Concept which states that revenues and their related expenses must be recognized in the accounting period.
Therefore, the income before tax will be affected by discounts in 2021.
Identify the most compelling benefits unique to social networking sites like LinkedIn from a sales representative's perspective
A. Individuals from prospect companies will voluntarily provide information about their roles and affiliations
B. Prospect companies will post press releases announcing their quarterly financial results
C. Sales reps can engage with decision makers in a non-selling environment to develop relationships and trust
D. Sales reps can Tweet the "deal of the day" to their followers to boost commissions with quick sales
E. Sales reps can reach out to individuals in prospect companies and offer them social network discounts from standard product pricing
Answer:
The most compelling benefits that is unique to social networking sites like LinkedIn from a sales representative's perspective is:
C. Sales reps can engage with decision makers in a non-selling environment to develop relationships and trust.
Explanation:
Such relationships can be carried forward to reach business deals that could not have been possible otherwise. This is because social networking sites likes LinkedIn provide platforms for some informal interactions. If a sales representative engages a decision maker in a non-selling environment, they can usually develop lasting trust and relationships that will ease business transactions. The social network platform has provided the two individuals the opportunity to meet before the business deals, thereby smoothening their relationships.
Suppose your foreign government, threatened with bankruptcy, decided to tax the interest income on its own bonds as part of an effort to rectify serious budgetary woes. What would you expect to see happen to the yields on these bonds?
a. You would expect the yields to rise due to increased default risk.
b. You would expect the yields to fell due to decreased default risk.
c. You would expect the yields to rise to compensate investors for the loss of the tax-exempt status.
d. You would expect the yields to fell due to increased default risk.
Answer:
a. You would expect the yields to rise due to increased default risk.
c. You would expect the yields to rise to compensate investors for the loss of the tax-exempt status.
Explanation:
The foreign government is threatened with bankruptcy which means that the government might be unable to pay their bond obligations. This means that the risk of default has now increased and so yields will rise as a result of this.
Tax exempt bonds like Municipal bonds generally have lower yields because of their tax savings. If the Government was to impose taxes on previously tax exempt bonds, people would be getting less and so would have to be compensated for this loss by increased yields.
Money is functioning as a medium of exchange if you:_________
a) compare book prices at the university bookstore versus online.
b) share a ride with your roommate instead of buying gas.
c) spend less this week so you'll have money for a concert next month.
d) purchase coffee at the local coffee shop before class.
Answer:
d) purchase coffee at the local coffee shop before class.
Explanation:
Money is used as a medium of exchange when buying or selling goods or services take place. Pertaining to this question, Money is functioning as a medium of exchange if you purchase coffee at the local coffee shop before class.
Large membranous sacs are more prevalent in plant cells and some protozoa than in animal cells. These sacs in plant cells might function in:________.
Answer:
Vacoule
Explanation:
vacuole can be regarded as membrane-bound organelle. They can be found in cell of fungi as well as plant, I could also be found in some of the bacteria and protist cell.Those that are found in animal cell do sequester waste products in the cell, and those in plant cell helps in maintaining water balance. In plant cell, just single vacoule could take up so much space.It should be noted that Large membranous sacs are more prevalent in plant cells and some protozoa than in animal cells. These sacs in plant cells might function in vacoule.
Suppose that an MTV, American Cable Channel, open and operates a recording studio in Hungary. This is an example of:________
a. foreign direct investment.
b. foreign indirect investment.
c. foreign portfolio investment.
d. financial intermediary investment
In a job order cost system, direct labor and factory overhead applied are debited to individual jobs. How are these items treated in a process cost system and why?
Answer:
The way the costs of direct labor and factory overhead applied are treated in a process costing system is different from their treatment in a job costing system. In process costing system, they are debited to the Work in Process account.
The reason for this is that in process costing, costs are not directly attributable to individual jobs. Instead, costs are accumulated in Work in Process before they are assigned to individual production units.
Explanation:
Job order costing system accumulates costs for individual jobs while a process costing system accumulates costs in the Work in Process account and then allocates the costs to individuals units of production. The difference depends on the nature of the two systems and how possible it is to identify the costs and attribute them to individual jobs or units.
Andrea is a stock broker. She is a member of a self-regulatory organization. This organization regulates broker deals under the guidance of SEC. Which regulating body is Andrea a part of?
A.
American Institute of Certified Public Accountants (AICPA)
B.
Financial Accounting Foundation (FAF)
C.
Financial Industry Regulatory Authority (FINRA)
D.
Governmental Accounting Standard Board (GASB)
Answer:
For edmentum its C
Explanation:
lauren is 17 years old. She report earned income of $3,000 and unearned income of $6,200. Is it likely that she is subject to the kidie tax? Explain.
Answer:
Following are the solution to this question:
Explanation:
Yes, at the end of the year Lauren is now under the age of eighteen but her salary is much more than $2,100, and she's eligible to its Kiddie levy. Notice that perhaps the child's net unpaid wages are a kiddie tax base. Net income that is undeserved shall be less than total salary of even an unarned infant minus $2,100 or tax payable of the child. Here, Lauren's Tax Income is measured as gross income of $9,200, minus her $3,350 = $5,850. That gross taxes unattained minus 2,100 dollars was estimated as 6.200 dollars less 2,100 dollars = 4,100 dollars taxed to use a fide and interest deduction schedule. The other $1,750 is paid 10 percent of Lauren's cost.
Lala Company accounts for noncurrent assets using the cost model. On October 1, 2019, Lala classified a noncurrent asset held for sale. At that date, the asset’s carrying amount was P1,600,000, its fair value was estimated at P1,100,000 and the cost to sell at P100,000. On December 15, 2019, the asset was sold for net proceeds of P925,000. What amount should be included as an impairment loss in Lala’s statement of comprehensive income for the year ended December 31 ,2019?
Answer:
you add 1,600,000 + 1,100,000=2,700,000 - 100,000=2,600,000+925,000= your finally answer is 3,525,000
Explanation:
Answer:
3,525,000
Hope this helps! Good luck! :)
A company completes 21,000 units this month and has ending goods in process inventory of 3,000 units which are estimated to be 40% complete. Total production costs are $666,000. The cost of ending Goods in Process Inventory is:______.
Answer: $36,000
Explanation:
First calculate the Equivalent Units of Production;
= 21,000 + (3,000 * 40%)
= 21,000 + 1,200
= 22,200 units
Then find the cost of each units.
= Total production cost/ Equivalent units of production
= 666,000/22,200
= $30 per unit
Then the cost of ending Goods in Process Inventory is:
= Equivalent ending process inventory units * cost per unit
= 1,200 * 30
= $36,000
A polisher costs $10,000 and will cost $20,000 a year to operate and maintain.If the discount rate is 10% and the polisher will last for 5 years,what is the equivalent annual cost of the tool?
A) $17,163.04
B) $22,187.84
C) $22,637.98
D) $19,411.15
Answer: $22637.98
Explanation:
Based on the information given in the question, the equivalent annual cost of the tool will be calculated as:
We first calculate the present value which will be:
= 10000 + 20000/(1+.10) + 20000/(1+.10)^2 + 20000/(1+.10)^3 + 20000/(1+.10)^4 + 20000/(1+.10)^5
= $85815.74
The the equivalent annual cost will be:
= Present Value/PVIFA(10%,5)
= 85815.74/3.7908
= $22637.98
Maxim Corp. has provided the following information about one of its products:
Date Transaction Number of Units Cost per Unit
1/1 Beginning Inventory 200 $140
6/5 Purchase 400 $160
11/10 Purchase 100 $200
During the year, Maxim sold 400 units. What is cost of goods sold using the average cost method?
a. $50,000.
b. $64,000.
c. $62,000.
d. $48,000.
Answer:
d. $48,000
Explanation:
The calculation of ending inventory using average cost method is as seen below;
Total units = 200 + 400 + 100
Total units = 700
Total cost = (200 × $140) + (400 × $160) + (100 × $200)
Total cost = $28,000 + $64,000 + $20,000
Total cost = $112,000
Average cost per unit = Total cost ÷ Total unit
Average cost per unit = $112,000 ÷ 700
Average cost per unit = $160
Ending inventory = Total units - Units sold
Ending inventory = 700 - 400
Ending inventory = 300
Therefore, cost of ending inventory
= Ending inventory × Average cost per unit
= 300 × $160
= $48,000
You are valuing an investment that will pay you $28,000 per year for the first 4 years, $43,000 per year for the next 12 years, $69,000 per year the next 16 years, and $61,000 per year for the following 13 years (all payments are at the end of each year). If the appropriate annual discount rate is 12.00%, what is the value of the investment to you today?a. $2,810,830.00.
b. $267,008.25.
c. $2,525,000.00.
d. $1,580,298.95.
e. $343,242.38.
Answer:
The value of the investment to you today is $441,751.52.
Note: The correct answer is is $441,751.52 but this is not included in the option. Kindly confirm the correct answer again from your teacher.
Explanation:
This can be determined using the following 5 steps:
Step 1. Calculation of today's of $28,000 per year for the first 4 years
This can be calculated using the formula for calculating the present value of an ordinary annuity as follows:
PV28,000 = P * ((1 - (1 / (1 + r))^n) / r) …………………………………. (1)
Where;
PV28000 = Present value or today's value of of $28,000 per year for the first 4 years = ?
P = Annual payment = $28,000
r = Annual discount return rate = 12%, or 0.12
n = number of years = 4
Substitute the values into equation (1) to have:
PV28,000 = $28,000 * ((1 - (1 / (1 + 0.12))^4) / 0.12)
PV28,000 = $85,045.78
Step 2. Calculation of today's of $43,000 per year for the next 12 years
Present value at year 4 can first be calculated using the formula for calculating the present value of an ordinary annuity as follows:
PV after 4 = P * ((1 - (1 / (1 + r))^n) / r) …………………………………. (2)
Where;
PV at 4 = Present value at year 4 = ?
P = Annual payment = $43,000
r = Annual discount return rate = 12%, or 0.12
n = number of years = 12
Substitute the values into equation (2) to have:
PV at 4 = $43,000 * ((1 - (1 / (1 + 0.12))^12) / 0.12)
PV at 4 = $266,358.09
Therefore, we have:
PV43000 = PV at 4 / (1 + r)^n .............................. (3)
Where;
PV43000 = Present value or today's value of of $43,000 per year for the first 12 years = ?
PV at 4 = $266,358.09
r = Annual discount return rate = 12%, or 0.12
n = number of years = 4
Substitute the values into equation (3) to have:
PV43000 = $266,358.09 / (1 + 0.12)^4
PV43000 = $169,275.38
Step 3. Calculation of today's of $69,000 per year for the next 16 years
Present value at year 12 can first be calculated using the formula for calculating the present value of an ordinary annuity as follows:
PV after 12 = P * ((1 - (1 / (1 + r))^n) / r) …………………………………. (4)
Where;
PV at 12 = Present value at year 12 = ?
P = Annual payment = $69,000
r = Annual discount return rate = 12%, or 0.12
n = number of years = 16
Substitute the values into equation (4) to have:
PV at 12 = $69,000 * ((1 - (1 / (1 + 0.12))^16) / 0.12)
PV at 12 = $481,205.04
Therefore, we have:
PV69000 = PV at 12 / (1 + r)^n .............................. (5)
Where;
PV69000 = Present value or today's value of of $69,000 per year for the first 16 years = ?
PV at 12 = $481,205.04
r = Annual discount return rate = 12%, or 0.12
n = number of years = 12
Substitute the values into equation (5) to have:
PV69000 = $481,205.04 / (1 + 0.12)^12
PV69000 = $123,513.35
Step 4. Calculation of today's of $61,000 per year for the next 13 years
Present value at year 16 can first be calculated using the formula for calculating the present value of an ordinary annuity as follows:
PV after 16 = P * ((1 - (1 / (1 + r))^n) / r) …………………………………. (6)
Where;
PV at 16 = Present value at year 16 = ?
P = Annual payment = $61,000
r = Annual discount return rate = 12%, or 0.12
n = number of years = 13
Substitute the values into equation (6) to have:
PV at 16 = $61,000 * ((1 - (1 / (1 + 0.12))^13) / 0.12)
PV at 16 = $391,836.45
Therefore, we have:
PV61000 = PV at 16 / (1 + r)^n .............................. (7)
Where;
PV61000 = Present value or today's value of of $61,000 per year for the first 13 years = ?
PV at 16 = $391,836.45
r = Annual discount return rate = 12%, or 0.12
n = number of years = 16
Substitute the values into equation (7) to have:
PV69000 = $391,836.45 / (1 + 0.12)^16
PV69000 = $63,917.01
Step 5. Calculation of the value of the investment to you today
This can be calculated by adding the values above:
PV = PV28,000 + PV43000 + PV69000 + PV69000 = $85,045.78 + $169,275.38 + $123,513.35 + $63,917.01 = $441,751.52
Therefore, the value of the investment to you today is $441,751.52.
Keidis Industries will pay a dividend of $2.85, $3.95, and $5.15 per share for each of the next three years, respectively. In four years, you believe that the company will be acquired for $46.00 per share. The return on similar stocks is 9.5 percent. What is the current stock price? a) $54.72 b) $45.64 c) $42.38 d) $41.82 e) $47.81
Answer:
Present value = $41.8160 rounded off to $41.82
Explanation:
Using the dividend discount model, we calculate the price of the stock today. It values the stock based on the present value of the expected future dividends from the stock. To calculate the present value of the next four dividends, we will use the following formula,
Present value = D1 / (1+r) + D2 / (1+r)^2 + D3 / (1+r)^3 + P4 / (1+r)^4
Where,
r is the required rate of return
Present value = 2.85 / (1+0.095) + 3.95 / (1+0.095)^2 +
5.15 / (1+0.095)^3 + 46 / (1+0.095)^4
Present value = $41.8160 rounded off to $41.82
When estimating demand, price is not the only factor to be considered. Three other elements are emphasized by economists, one of which is____.
Answer:
consumer income
Explanation:
The last of these factors that need to be considered is consumer income. This is a fairly simple one since, whether or not an individual customer/consumer can buy the product that you are offering, depends on whether or not they can afford it. This is all determined by their income. If the consumer population's average income increases then there will be more individuals with extra money that they can go and spend on such products like the one that you are selling. But the opposite can also happen where consumer average income decreases and there is less money for such purchases which means less demand.
_____ is the character and personality of your organization.
[A] Social media
[B] Culture
[C] Career
[D] Atmosphere
Answer:
B - Culture
Explanation:
An organization's culture defines the proper way to behave within the organization. This culture consists of shared beliefs and values established by leaders and then communicated and reinforced through various methods, ultimately shaping employee perceptions, behaviors and understanding.
Monica wants to sell her share of an investment to Barney for $150,000 in 6 years. If money is worth 6% compounded semiannually, what would Monica accept today?
Answer:
PV= $105,206.99
Explanation:
Giving the following information:
Future Value (FV)= $150,000
Number of periods= 6*2= 12 semesters
Interest rate= 0.06/2= 0.03
To calculate the present value (PV), we need to use the following formula:
PV= FV/(1+i)^n
PV= 150,000 / (1.03^12)
PV= $105,206.99
When researching a career, you should consider which of the following:
A. Salary
B. Education requirements
C. Future outlook
D. All of the above
Someone help meeee!
Answer:
D. All of the above
Explanation:
All 3 of these are important factors to consider when researching careers.
Salary is how much you will be paid for this occupation. this will determine your quality of life when working this job (eg how much extra $ you have, how comfortably you'd be able to live, etc.)
Education requirements tell you how much schooling you'll need to attend, what major is required, and how many years it would take to achieve those requirements.
Future outlook is how your life would go if you chose that career path, if there would be a chance to advance further, etc.