Answer:
FV = PV (1 + r) ^ n and $815.61
Explanation:
The amount of cash which will have accrued by a given date resulting from earlier single sum or period investments is known as the Future Value (FV) and represented by the following function :
FV = PV (1 + r) ^ n
where,
PV = Principle amount
r = interest rate
n = number of periods for which investment is to receive interest
Using the Function we can determine the amount Michael have in his account after 6 years :
FV = PV (1 + r) ^ n
= $600 x (1.0525) ^6
= $815.61
Using the rule of 72, how long would it take for your $1,000 investment to double at 5%?
Answer:
14 years
Explanation:
Given the following data;
ARR = 5%
Principal = $1000
From the rule of 72;
Rule of 72 can be defined as a metric used to determine the time it will take to double an investment based on its growth rate. Also, it can be used to determine the economic growth by measuring the Gross Domestic Products (GDP).
Mathematically, it is given by the formula;
[tex] Number \; of \; years \; to \; double = \frac {72}{ARR} [/tex]
Where;
ARR is the annual rate of return in percent.
Substituting the values into the formula, we have;
[tex] Number \; of \; years \; to \; double = \frac {72}{5} [/tex]
[tex] Number \; of \; years \; to \; double = 14.4 [/tex]
Therefore, the number of years to double = 14.4 ≈ 14 years
Two profit-maximizing firms - Firm A and Firm B, have identical marginal cost curves and face identical demand. However, Firm A has a higher fixed cost than Firm B. What will be true about the output produced by the two firms?
Answer:
An apple, potato, and onion all taste the same if you eat them with your nose plugged
Explanation:
Marissa owns a Chichi's Chicken Restaurant franchise and is able to compete in her local market because the franchisor shares the cost of her advertising. This is an example of _____ advertising.
Answer:
Cooperative.
Explanation:
Franchise is a license consisting of a contractual arrangement between a parent company (franchiser or franchisor) and another (franchisee), that allows individuals or an organization access to its knowledge, processes, trademarks in order to provide a service.
One of the main advantages of a franchise is that, franchisers such as Chichi's Chicken Restaurant do not require additional capital and development expenses to have their businesses being situated in a foreign market or country, as they only required to issue licenses to franchisors who are interested in being part of their business by paying a fee.
Advertisement refers to the promotional multimedia messages designed and developed to make the products or services of a company known to its customers and potential customers.
In this scenario, Marissa owns a Chichi's Chicken Restaurant franchise and is able to compete in her local market due to the fact that the franchisor shares the cost of her advertising. This is an example of cooperative advertising.
A cooperative advertising can be defined as a cost-effective advertising partnership in which the cost of a locally placed advert is shared between two or more parties such as manufacturer, wholesaler, retailer, franchisor, franchisee, etc.
Answer:
Cooperative
Explanation:
This is an example of Cooperative advertising.
A cooperative is an association of persons (organization) that is owned and controlled by the people to meet their common economic, social, and/or cultural needs and aspirations through a jointly-owned and democratically controlled business (enterprise).
He said," I don't like you" change in indirect speech
Answer:
whether'.
Explanation:
One reason annual overhead application rates are used is Select one: a. to minimize the overhead cost assigned to products. b. to maximize the overhead cost assigned to products. c. because of seasonal variability of overhead costs. d. to help budget overhead costs.
Answer:
Answer is C
Explanation:
c. because of seasonal variability of overhead costs.
Jackson is a recent college graduate who just got his first job. He commutes approximately 35 minutes each way
to his new workplace. Jackson does not have a lot of money saved and makes a modest salary. He plans on moving up in
the company to a higher paying position in the next few years and will likely upgrade to a better car as a testament to his
success. Should he buy or lease a new car?
Answer:
he should lease
Explanation:
If he were to but a new car it would most likely be more expensive than if he were to lease.
In the conditions as given above, it would be ideally, advisable and financially wise for Jackson to lease a new car as a testament of his success.
What is a lease?
A lease is a mixture of rent and purchase, where a person opts for a product or a service upon payment of the same as per the conditions and terms of the lease agreement.
Leasing is a financially-viable decision, as purchase requires either a payment in lump sum, or a loan where interest is to be paid over the amount of purchase. Thus, Jackson must opt for a lease.
Hence, the significance of a lease is aforementioned.
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Norbury Corporation's net income last year was $25,000. The company did not sell or retire any property, plant, and equipment last year. Changes in selected balance sheet accounts for the year appear below: Increases (Decreases) Asset and Contra-Asset Accounts: Accounts receivable $ 13,500 Inventory $ (3,600) Prepaid expenses $ 9,000 Accumulated depreciation $ 24,000 Liability Accounts: Accounts payable $ 13,000 Accrued liabilities $ (8,100) Income taxes payable $ 2,700 Based solely on this information, the net cash provided by (used in) operating activities under the indirect method on the statement of cash flows would be:
Answer:
$37,700
Explanation:
Cashflow from Operating Activities
Net Income $25,000
Adjustments to non - cash flow items :
Add back Depreciation charge $24,000
Adjustments to changes in working capital items :
Increase in Accounts receivable ($13,500)
Decrease in Inventory $3,600
Increase in Prepaid expenses ($9,000)
Increase in Accounts payable $13,000
Decrease in Accrued liabilities ($8,100)
Increase in Income taxes payable $2,700
Net cash provided by operating activities $37,700
thus,
the net cash provided by operating activities under the indirect method on the statement of cash flows would be: $37,700
Three highly similar and competitive income-producing properties within two blocks of the subject property have sold this month. All three offer essentially the same amenities and services as the subject property. The sale prices and estimated first-year NOI for each of the comparable properties are as follows: ComparableSale PriceNOI1 A$500,000$55,000 B$420,000$50,400 C$475,000$53,400 Using the information provided, calculate the overall capitalization rate by direct market extraction assuming each property is equally comparable to the subject.
Answer:
11.4%
Explanation:
Capitalization rate of A = (NOI / Sale price) × 100
= (55,000 / 500,000) × 100
= 11.0%
Capitalization rate of B = (NOI / Sale price) × 100
= (50,400 / 420,000) × 100
= 12.0%
Capitalization rate of C = (NOI / Sale price) × 100
= (53,400 / 475,000) × 100
= 11.0%
Overall Capitalization Rate
= 11.0 + 12.0 + 11.0 / 3
= 11.4%
Learning Task 7: Find the function and create a formula that will calculate the total number of fruits in the workbook below. Write the formula on cell B7.
Answer:
=SUM(B2:B6)
Explanation:
Given
See attachment for workbook
Required
The function that calculates the total number of fruits
The number of fruit for each fruit is represented by cell B2 through B6.
So, we need to create a function that adds up the values in B2 to B6. To do this, we make use of the SUM function.
So, enter the following formula in cell B7
=SUM(B2:B6)
The above formula will add B2 to B6
Dave is a close-up magician who is famous for his card tricks. He creates and sells DVDs of his magic tricks. Lately he has been having some trouble getting the DVDs produced in a timely manner. Of the five primary activities in the value chain, this problem is most likely to occur in ________.
Answer:
inbound logistics.
Explanation:
Supply chain management can be defined as the effective and efficient management of the flow of goods and services as well as all of the production processes involved in the transformation of raw materials into finished products that meet the insatiable want and need of the consumers. Generally, the supply chain management involves all the activities associated with planning, execution and supply of finished goods and services to the consumers.
The fundamental principle of supply chain management is the complete collaboration between multiple firms. These multiple firms include a company that is saddled with the responsibility of manufacturing producer), a wholesaler, and a retailer who typically sells the products to the customers or consumers.
Basically, these three (3) firms or individuals are required to collaborate with each other so as to meet the needs of the customers in a timely manner or fashion and at a fair price too.
In this scenario, Dave creates and sells DVDs of his magic tricks.
Lately, Dave has been having some trouble getting his DVDs produced in a timely manner. Thus, of the five (5) primary activities in the value chain, this problem of not producing goods (DVDs) as at when needed by the viewers (end users) is most likely to occur in inbound logistics.
An inbound logistics can be defined as a supply process which relates with receiving, storing or warehousing of raw materials and the distribution of inventory internally.
When a person brings an item to a pawnshop to obtain cash, the transaction is considered:
Answer:
Collatral loan
Explanation:
The item acts as a collatral to obtain the cash loan.
Bill is a retired military officer suffering from complications caused by Agent Orange exposure during his military service. He incurs $54, 510 in medical expenses during hospitalization at the local Veterans Administration Hospital. The private health insurance he now owns will likely pay:
Answer: nothing
Explanation:
Military officers are usually entitled to group life insurance which is covered by a comprehensive healthcare plan.
In this case, since Bill is a retired military officer that's suffering from complications that was caused by Agent Orange exposure during his military service, then the private insurance he owns will pay nothing because the complications were gotten during his military work me should be taken care of by the government.
Remote Control Corporation sends a post-purchase questionnaire to all consumers who buy their products. They are interested in gathering data on product quality, customer service orientation, and customer satisfaction. This is an example of
Answer:
feedback control
Explanation:
From the question we are informed about Remote Control Corporation who sends a post-purchase questionnaire to all consumers who buy their products. They are interested in gathering data on product quality, customer service orientation, and customer satisfaction.in this case, This is an example of feedback control.
The feedback control can be regarded as practice of responding meaningfully to customers when they leave feedback. For instance, if a customer lay a complains about being overcharged, The response of the company could be an apology as well as issueing of a refund.Customers may give feedback in a situation whereby they have a particularly memorable experience
Under MSRB rules, yield to worst means that: A all municipal bonds quoted on a yield basis must be priced to the near-term in whole call date B municipal par bonds quoted on a yield basis must be priced to the near-term in whole call date C municipal discount bonds quoted on a yield basis must be priced to the near-term in whole call date D municipal premium bonds quoted on a yield basis must be priced to the near-term
Answer: D. Municipal premium bonds quoted on a yield basis must be priced to the near-term in whole call date
Explanation:
Yield to worst refers to the lowest possible yield which can be gotten on a bond which operates fully within the terms of the contract and doesn't default.
Under MSRB rules, yield to worst means the Municipal premium bonds quoted on a yield basis must be priced to the near-term in whole call date.
Therefore, the correct option is D.
Which of the following statements is true?
Question 8 options:
A. A college may withdraw its offer of acceptance if it finds out you have lied on your application.
B. Any sort of disciplinary infraction in high school will disqualify you from being accepted to college.
C. Colleges have no way of finding out any more about you than what is included in your application.
D.Having someone else fill out your application shields you from legal responsibility for the information it contains.
15 points. No bit links plz.
Answer:A
A college may withdraws offer of acceptance if it finds out you have a lied on your application
Explanation: it’s obvious
Answer:
A) A college may withdraw it's offer of acceptance if it finds out you have lied on your application.
Explanation:
It's kinda self explanatory.
According to the video, what does the work environment of a Production, Planning, and Expediting Clerk usually
include? Check all that apply.
sitting for long periods
standing and lifting items
using telephones
using industrial machinery
operating vehicles
using computers
According to the video, the work environment of a Production, Planning, and Expediting Clerk usually include:
sitting for long periodsusing telephonesusing computersWhat is the role of a clerk?
A clerk, often known as a bookkeeper, carries out administrative duties to support regular corporate operations. They are responsible for returning calls and emails, maintaining a well-organized filing system, and replenishing office supplies. Since this is an office-based position, you will be at your desk from Monday through Friday from 9 am to 5 pm.
In some cases, working overtime may be necessary while a deadline is approaching. You may also be able to achieve a healthy work-life balance by taking advantage of flex time, part-time employment, or job sharing, depending on your company. Work as a clerk is available in a variety of industries, from the commercial sector to local government.
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Assume that Sallisaw Sideboards, Inc. had a retained earnings balance of $10,000 on April 1, and that the company had the following transactions during April. Issued common stock for cash, $5,000. Provided services to customers on account, $2,000. Provided services to customers in exchange for cash, $900. Purchased equipment and paid cash, $4,300. Paid April rent, $800. Paid employees' salaries for April, $700. What was Sallisaw's retained earnings balance at the end of April
Answer:
$11,400
Explanation:
Calculation to determine What was Sallisaw's retained earnings balance at the end of April
First step is to calculate the Net income for the month of April
April Net income=$2,000+$900-$800-$700
April Net income=$1,400
Now let calculate the Retained earnings at the end of April
April Retained earnings=$10,000+$1,400=$11,400
April Retained earnings= $11,400
Therefore What was Sallisaw's retained earnings balance at the end of April is $11,400
Suppose that monopolistically competitive firms in a certain market are earning positive profits. In the transition from this initial situation to a long-run equilibrium, Group of answer choices the number of firms in the market decreases. each existing firm experiences a decrease in demand for its product. each existing firm experiences a rightward shift of its marginal revenue curve. each existing firm experiences an upward shift in its average total cost curve.
Answer:
The correct answer is the last option: Each existing firm experiences an upward shift in its average total cost curve.
Explanation:
To begin with, in the microeconomics theory the "monopolisticaly competitive" market refers to that one whose main characteristics are shared with the perfect competititve market but with the big difference of the differentiation of the product and for that reason every company in it fights for the publicity and inversions in that matter are a big deal. Therefore that at short run everybody wins, so new companies entry the market and when that happens the demand goes down for everybody due to the more supply now available and with that, the companies have to put more money into publicity in order to atract the consumers and that will affect that average total cost curve that will be represented with an upward shift in the graphic.
Brant promised to repair Carolyn's car on Thursday. After picking up the necessary part at a junkyard, he discovered he could not do the job after all and that the junkyard would not buy back the part. Carolyn does not know about these developments. However, she thinks Brant will be finished with her car sometime today. What should Brant do
can someone help me i have no how to do this is tyyyy!!
Answer:
im bad at math sry
Explanation:
i have an f in math lolll
We _________ afford a new car this year.
should
might
may
can
A division within Sherman Inc. suggested the top management hold an open house featuring product demos, recreational activities, and office tours. Every employee of the company along with numerous company-outsiders was invited to the event. The workers and company guests mingled with each other and discussed the various facets of Sherman Inc., and the event became a grand gala success. Which type of department recommended these steps to top management, and what was the reason behind its recommendation
Answer:
Public relations department
Explanation:
The Department of Sherman Inc that would have recommended these steps to the management will most definitely be the public relations department, as this steps are in line with the duties/functions of a public relation department in every firm.
The purpose is to create a greater rapport between the company, customers and members of staff and also to improve community support
A possible warning signal that you may be headed for financial problems with credit is that you
a.
pay only the minimum required.
c.
you only buy sale items.
b.
only buy what you can afford.
d.
all of the above.
Answer:
I can't provide a definite answer (apologies), but I can definitely say that the answer is narrowed down to where it's either A or D.
Explanation:
Answer:
A- pay only the minimum required.
Explanation:
Morrison Associates, a law firm, encourages its lawyers to learn from each other about how they can handle their cases better. It encourages the lawyers to share their best practices and collectively work toward meeting the objectives of the firm. This is an example of _
Answer: Internal benchmarking
Explanation:
Benchmarking on its own is a process that companies use to improve and it works by them comparing certain aspects of their business to others to see if they can do better.
This process can be internal as well and the scenario described is one such example. When employees compare their cases to see how to handle it better, they are comparing aspects of the business in order to grow the business so this falls under benchmarking.
Antique Company has notes receivable that have a fair value of $920,000 and a carrying amount of $710,000. Antique decides on December 31, 2020, to use the fair value option for these recently-acquired receivables. The adjusting entry to record this change will include a:
Answer:
credit to Unrealized Holding Gain or Loss―Income for $210,000.
Explanation:
Given that
The fair value is $920,000
The carrying amount is $710,000
So this represent the account has increased by $210,000
So for recording the adjusting entry we credited the non-realized holding gain or loss for an income of $210,000
And, this income come from
= $920,000 - $710,000
= $210,000
Economic growth takes place when a country produces a steady number of automobiles. has a high unemployment rate. measures its gross domestic product (GDP). produces more goods and services.
Answer:
D. Produces more goods and services
Economic growth takes place when a country produces more goods and services.
What is economic growth?Economic growth refers to a rise in the total amount of goods and services produced in a country. It is how much a country is producing, including the quality of the production of both goods and services.
Once a country begin to produce more goods and sells the goods produced, then the country will be making profit thereby leading to economy growth.
Hence, economic growth takes place when a country produces more goods and services.
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The firm pays above average wages to its employees. Each employee is given at least two weeks of vacation and any time family matters arise and time is needed, flexible arrangements are made to facilitate the employee. Each Thanksgiving, a turkey is provided to each employee, $15 gift certificates are given for the Christmas holiday, and during the summer, the firm pays for each employee and one other individual to attend an expense-paid day at the local amusement park. This firm seems to be a(n) _________ company.
Answer:
People-oriented
Explanation:
In the people-oriented, the company want to share something or the employees wants to share something and in this the employees are treated a a friends. Here all can be happy, smilling. Moreover, the work can be done in a fun way, everyone love their job and every employee treated by the organization is same
so as per the given situation, it is a people-oriented
Answer:
People-oriented
Explanation:
A people-oriented company is the one that cares most about its employees and their welfare. A people-oriented company is a business approach that takes good care of employees by treating them well and recognizing their role in the firm.
In the given case, the firm that pays more than average salary to its employees, two weeks of vacation, family emergency time, flexibility, gifts on festivals, etc., is a people-oriented company. The firm is taking care of the well-being of its employees in the given scenario.
Therefore, it is a people-oriented company.
Oliveras Company had net credit sales during the year of $800,000 and cost of goods sold of $500,000. The balance in accounts receivable at the beginning of the year was $100,000, and the end of the year it was $150,000. What were the accounts receivable turnover and the average collection period in days? a. 6.4 and 57 days. b. 4.0 and 91.3 days. c. 5.3 and 68.9 days. d. 8.0 and 45.6 days.
Answer:
a. 6.4 and 57 days
Explanation:
The computation of the accounts receivable turnover and the average collection period in days is shown below;
The account receivable turnover is
= $800,000 ÷ ($100,000 + $150,000) ÷ 2
= 6.4 times
And, the average collection period is
= 365 days ÷ 6.4 times
= 57 days
Therefore the a option is correct
Perry Mazza wants to borrow $30,000 from the bank. The interest rate is 5% and the term is for 5 years.
What is the amount of interest paid?
$15,000
$30,000
$1,500
$300
Answer:
The amount of interest paid is $ 1,500.
Explanation:
Given that Perry Mazza wants to borrow $ 30,000 from the bank, and the interest rate is 5% and the term is for 5 years, to determine what is the amount of interest paid, the following calculation must be performed:
(30,000 x 5) / 100 = X
150,000 / 100 = X
1,500 = X
Therefore, the amount of interest paid is $ 1,500.
Which of the following is an example of an ultimate consumer:
a. A teenager buying her/his first car
b. A farmer buying seed for crops that will be sold at market
C. A manager buying office supplies
d. A restaurant owner buying a new oven for the restaurant's kitchen
The example of an ultimate consumer is that when the person purchases his or her first car.
The following information related to the ultimate consumer is as follows:
It is the person or the group where the product is actually used or consumed. It is not similar to the purchaser. In this, the selling activity does not take place.Therefore, all other options are incorrect.
Hence, we can conclude that the example of an ultimate consumer is that when the person purchases his or her first car.
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