Answer:
1) Suppose you were to save $500.0000 in the first bank. The interest rate is r1=8.0000%. Three years from now, you should have
effective interest rate = 1.08 = (1 + r)¹²
r = 0.643403% per month
future value = $500,000 x (1.0643403)³⁶ = $629,856
2) Suppose you were to save $500.0000 in the second bank. The interest rate is r2=5.0000%. Three years from now, you should have
effective interest rate = 1.05 = (1 + r)³⁶⁵
r = 0.013368061% per day
future value = $500,000 x (1.00013368061)¹⁰⁹⁵ = $578,812.50
3) Suppose you were to save $500.0000 in the third bank. The interest rate is r3=3.0000%. Three years from now, you should have
future value = $500,000 x e⁰°⁰⁹ = $547,087.14
4) Let the interest rate in the first bank be r1=8.0000%, and you are considering saving your money for 3 years. The interest rate from the second bank that would make you indifferent between the first and second bank is r2=
$629,856 = $500,000 x (1 + i)¹⁰⁹⁵
(1 + i)¹⁰⁹⁵ = 1.259712
1 + i = 1.000210874
i = 0.000210874 = 0.0210874% per day or 7.7% annual
5) Let the interest rate in the third bank be r3=3.0000%, and you are considering saving your money for 3 years. The interest rate from the first bank that would make you indifferent between the first and third bank is
$500,000 x (1 + i)³⁶ = $547,087.14
(1 + i)³⁶ = 1.09417428
i = 0.2503128 per month = 3.05% annual
Rodgers Company gathered the following reconciling information in preparing its May bank reconciliation.
Calculate the adjusted cash balance per books on May 31.
Cash balance per books, 5/31 $3,170
Deposits in transit $215
Notes receivable and interest collected by bank $955
Bank charge for check printing $43
Outstanding checks $1,152
NSF check $173
A. $1,170
B. $3,015
C. $3,909
D. $2,233
Answer:
C. $3,909
Explanation:
Calculation for the adjusted cash balance per books on May 31.
Cash balance per books, 5/31 $3,170
Add Notes receivable and interest collected by bank 955
Less Bank charge for check printing ($43)
Less NSF check ($173)
Adjusted cash balance per books on May 31 $3,909
Therefore the adjusted cash balance per books on May 31 will be $3,909
Perceptual skills can be enhanced
by
Select one:
a. Knowing and perceiving on
self accurately
b. Being empathetic
c. Both are incorrect
d. Both are correct
= Both are correct
Answer:
D
Explanation:
A and B both effect Perceptual skills so it would be D
The effective operation of a firm and its supply chain is more important than the design and implementation of its processes.
True False
Answer: False
Explanation:
The above statement is false. The design and implementation stage is vital as well as thus is the point where a particular product is designed and where the project will be executed.
A product can only be supplied to the customers if such product has give through the design and implementation phase. This implies that the phase is if importance.
.
Which type of company can list and trade shares on the stock exchange?
А
company can list
Answer:
A corporation is owned by its shareholders, and selling shares on the open market is one way for a public company to raise capital. To promote trading of its stock, a corporation may choose to list its shares on a stock exchange.
In the current year, Wilson Enterprises, a calendar year taxpayer, suffers a casualty loss of $90,000. The casualty was attributable to a Federally declared disaster. How much of the casualty loss will be deductible by Wilson under the following circumstances?
Required:
a. Wilson is an individual proprietor and has AGI of $225,000. The casualty loss was a personal loss, and the insurance recovered was $50,000 before any limitations. Wilson can claim a casualty loss as an itemized deduction of $_________
b. Assume Wilson is a C corporation, and the insurance recovered was $50,000 before any limitations Wilson can deduct $________
Answer:
Items Amount
a. Loss 90000
Less: Insurance Recovery 50000
Loss after Insurance reimbursement 40000
Less : Single event Deduction 100
Loss after $ 100 rule 39900
Less: 10%*225000(AGI) 22500
Casualty loss deduction $17,400
So, the casualty loss deductible by Wilson = $17,400
b. Wilson is a corporation, and the insurance recovered was $50,000. As the casualty loss is a personal loss, no deduction is available to Wilson Corporation . So,casualty loss deductible by Wilson = $0.
What kind of pricing is based upon the perception of value and can command a higher price point?
Premium pricing
Economy pricing
Psychological pricing
Pricing for penetration
Answer: economy
Explanation:
The interest rate will increase as a result of:
Select one:
a. decrease in minimum lending rate
b. a reduction in income
c. an open market purchase of bonds by the central bank
d. Increase in tax rate
= decrease in minimum lending rate
The interest rate will increase as a result of decrease in minimum lending rate.
What will lead to an increase in the interest rate?Interest rate can be described as the cost of borrowing. It is the rate that borrowers charge lenders for the use of their funds.
When the demand for money increases, the interest rate will increase. When there is a decrease in the minimum lending rate, there would be an increase in the demand for money. As a result, interest rate would increase.
To learn more about interest rate, please check: https://brainly.com/question/14935026
#SPJ1
The correct option is A when the rate of interest increases and there is a decrease in the minimum lending rate.
What is needed to increase the interest rate?It is a money-controlling technique to maintain the flow of money in the market. When there is excess money in the market, this measure can be used.
Thus, option A is correct the interest rate can be increased when there is excess money in the market, whereas the interest rate can be decreased when there is less money in the market in terms of providing loans at a reasonable rate.
Learn more about Interest rates here:
https://brainly.com/question/13324776
#SPJ1
Assume that Mahmood Corp. lends Ahmad $10,000 in exchange for a $10,000,
three-year note bearing interest at 10 percent annually. The market rate of interest for a
note of similar risk is also 8 percent.
1. What is the present value?
2. What the entry is at the date of lends?
3. Prepare the schedule of the loan?
4. What is the entry at the end of year?
Answer:
1) the present value of the note:
PV of face value = $10,000 / (1 + 8%)³ = $7,938.32
PV of interest payments = $1,000 x 2.5771 (PV annuity factor, 8%, 3 periods) = $2,577.10
PV of note = $10,515.42
2) Dr Notes receivable 10,515.42
Cr Cash 10,000
Cr Discount on notes receivable 515.42
3) assuming the loan was made January 2, 2021
Date Cash flow Discount Balance
January 2, 2021 -$10,000 $10,515.42
January 2, 2022 $1,000 $171.81 $10,343.61
January 2, 2023 $1,000 $171.81 $10,171.80
January 2, 2024 $11,000 $171.80 $0
4) December 31, accrued interest on notes receivable
Dr Interest receivable 1,000
Dr Discount on notes receivable 171.81
Cr Interest revenue 1,171.81
Which of the following describes the value of a product?
- the amount of money that consumers are willing to pay for the product
- the time and materials that it costs a manufacturer to make the product
- the difference between the cost of making the product and what consumers pay for the product
- the sum of the total cost of making the product and what consumers pay for the product
Answer:
- the amount of money that consumers are willing to pay for the product
Explanation:
A product's value can be described as the satisfaction it gives to consumers. A product's value is the benefit it generates to the final consumer. Customers are always willing to pay more for a product that offers higher benefits. The demand for goods and services that offer less satisfaction to customers is always low, which makes them have low market prices.
The value of a product can be expressed as the amount of money that customers are willing to pay to obtain it.
There are 72,922 seats in Lambeau Field where the Green Bay Packers play football. The Packers have sold out their season tickets since 1960. There were about 70,000 people on the waiting list to buy season tickets in 2018. Packers tickets are a normal good. As a result of the economic recession in 2010 during which people's incomes decreased, the:________.
a. demand for Packers tickets decreased.
b. substitution effect changed the quantity demanded.
c. quantity demanded of Packers tickets decreased.
d. demand curve for Packers tickets shifted rightward.
Answer: quantity demanded of Packers tickets decreased.
Explanation:
First and foremost, we should note that normal goods are the goods that when the income of an individual rises, the individual will buy more and in a case whereby the income reduces, the person will buy less.
Therefore, during recession when people's incomes decreased, the quantity demanded of Packers tickets decreased as well
Transfer Payments are included while calculating
Select one:
a. Gross Domestic Product
b. Net Domestic Product
c. Personal Income
d. National Income
= Personal Income
M.A. was counting on her savings that she invested in Social Security. She doubts that this system will support her because the stock market crashed. She believes that the failure of the stock market, and its lack of recovery is because of poor presidential leadership.
a. True
b. False
Incomplete/unclear question. However, I answered based on what is found in the text.
Answer:
a. True
Explanation:
Based on the text, as part of her plans for old age, M.A was counting on her savings in social security.
And it is also possible for poor presidential leadership to negatively affect stock prices since the executive arm of government (the president) can draft out fiscal policies that could influence the amount of spending in an economy; thereby leading to a lack of recovery in stock prices.
Why is a spending plan an important part of financial planning? Choose all that are correct. а b C Helps to manage your money in a positive manner Helps to set and reach goals Tells you what your net worth is Helps to analyze the opportunity costs of your trade-offs to maximize financial well-being Can help to Increase net worth
Answer:
- Helps to manage your money in a positive manner.
- Helps to analyze the opportunity costs of your trade-offs to maximize financial well-being.
- Can help to increase net worth.
Explanation:
Having a Spending plan is very crucial to ensure that you have a sufficient amount of money every time in order to use it in time of need or emergency. It helps in keeping control and management of the money you spend which promotes a managed financial future. This further enhances your net worth as an individual by preventing unnecessary expenses and also assist in attaining financial goals more effectively and efficiently.
Is rental income debit or credit
Answer:
Debit
Explanation:
Rent Income is recorded by crediting the account. Cash is debited if cash is received. Rent Receivable is debited if it is to be collected at a later date.
which business is more likely to borrow from an investment bank
Answer:
Investment banks were seeking to borrow more money to trade more debt and earn more profits. Early on, for every one dollar the investment bank invested from its own funds, it invested an additional three dollars of borrowed funds.
Self-Study Problem 10-1 Master Budget
Hansell Company’s management wants to prepare budgets for one of its products, Duraflex, for July 2019. The firm sells the product for $91 per unit and has the following expected sales (in units) for these months in 2019:
April May June July August September
3,900 6,500 6,600 8,200 9,200 5,800
The production process requires 4 pounds of Dura-1000 and 2 pounds of Flexplas. The firm’s policy is to maintain an ending inventory each month equal to 10% of the following month’s budgeted sales, but in no case less than 500 units. All materials inventories are to be maintained at 5% of the production needs for the next month, but not to exceed 1,000 pounds. The firm expects all inventories at the end of June to be within the guidelines. The purchases department expects the materials to cost $1.25 per pound and $5.00 per pound for Dura-1000 and Flexplas, respectively.
The production process requires direct labor at two skill levels. The rate for labor at the K102 level is $50 per hour and $20 per hour for the K175 level. The K102 level can process one batch of duraflex per hour; each batch consists of 100 units. The manufacturing of Duraflex also requires one-tenth of an hour of K175 workers’ time for each unit manufactured.
Required:
On the basis of the preceding data and projections, prepare the following budgets:
a. Sales budget for July (in dollars).
b. Production budget for July (in units).
c. Production budget for August (in units).
d. Direct materials purchases budget for July (in pounds).
e. Direct materials purchases budget for July (in dollars).
f. Direct manufacturing labor budget for July (in dollars).
Answer:
a.-Sales Budget (in dollars).
Budgeted sales in units 6,000
Budgeted selling price per unit $40
Budgeted sales $240,000
b. Production Budget (in units)
Desired ending inventory (July 31)
(The higher of 100 and 7,000 x 0,1) 700
Budgeted sales for July 2002 + 6,000
Total units needed for July 2002 6700
Beginning inventory (July 1) -
(The higher of 100 and 6,000 x 0,1) 600
Units to manufacture in July 6100
C.-Production Budget (in units)
for August 2002
Desired ending inventory (8,000 x 0,1) 800
Budgeted sales + 7,000
Total units needed 7800
Beginning inventory - 700
Units to manufacture in August 7100
d.-Direct Materials Purchases Budget (in pounds)
For July 2002
Direct Materials
Dura-tOOO Flexplas
(4Ib. each) (2Ib. each)
d Materials required for budgeted
production (6,100 units of duraflex) 24,400 12,200
Add: Target inventories (lower of 1,000 or 5 percent of
August production needs) 1,420 710 1000 710
Total materials requirements 25,400 12,910
Less: Expected beginning inventories (lower of 1,000 orr 5 percent) . 1,220 610 1000 610
Direct materials to be purchased 24,400 12,300
e.Direct Materials Purchases Budget (in dollars) For July 2002
Budgeted Expected
Purchases Purchase
(Pounds) Price per Unit Total
Dura-lOOO 24,400 $1.25 $30,500
Flexplas 12,300 $5.00 $61,500
Budgeted purchases $92,000
Explanation:
The firm's policy is to maintain a minimum of 100 units of duraflex on hand at alltimes with no fewer than 10 percent of units on hand at the end of a period to meet
the expected sales for the following month. 100 10%
All materials inventories are to be maintained at 5 ercent of the production needs for the next month, 5% but not to exceed 1000 pounds 1000
The firm expects all inventories at the end of June to be within the Guidelines.
The purchase department expects the materials to cost $1.25 per pound $1.25 and $5.00 per pound of dura-lOOO and flexplas, respectively. $5.00
The production process requires direct labor at two skill levels. rate per unit The rate for labor at the K102 level is $50 per hour and $50.00 $0.50 for the K175 level is $20 per hour. $20.00
The K102 level can process one batch of duraflex per hour; 1 each batch consists of 100 units. 100 No. of units in one hour rate per unit
The manufacturing of duraflex also requires one-tenth of an hour of K175 workers' time 0.10 10.0 $2.00 for each unit manufactured.
Manufactured overhead is allocated at the rate of $200 per batch and $30 per $200.00 per batch DIirect labor-hour. $30.00 per direct labor-hour.
Your coworker is creating the headings for a report. What advice should you give her?
Do not use first- and second-level headings.
Strive for parallel construction within heading levels.
Use headings as antecedents for pronouns.
Review the following report excerpt, and complete the sentence.
To: Tracy Smallman
From: Diane Martinez, Rene Guzman
Date: June 8, 2009
Subject: Online Certificate Program Status Report
The following status report provides an update on the progress of the Online Certificate Program. The report includes updates on the project outline, a summary of key findings, and an overall evaluation of the project to date.
Progress Update
Phase 1 (Development) is well underway, with research phase and discovery phase milestones completed. In the last month, we completed a course pilot and collected user feedback. Key findings have directed the development of new course offerings and guided the initial development of additional content for course modules to be launched next fall.
The heading "Progress Update" might be improved to read ________
To ensure formatting does not change, how should a report be sent?
As an Excel file
As a Word file
As a PDF file
As a Power Point file
Which of the following is best used for conveying complex information quickly and clearly?
Infographics
Slide decks
Templates
Written text
Which of the following are components of an effective report heading? Check all that apply.
It occurs no more often than every three pages in a report
It is grammatically equal to other headinggs in its level
It uses creative punctuation
It is short and clear
It has punctuation correctly applied
The heading "Progress Update" might be improved to read_______ "Currently accomplished tasks"
To ensure formatting does not change, how should a report Progress Update: Phase 1 accomplishments"
As an Excel file
Answer:
1. I will offer the following advice for creating effective reports:
a. Make use of appropriate heading levels
b. Use parallel construction
c. Use first- and second-level headings for short reports
d. Capitalize and underline headings carefully
e. Keep headings short and clear
f. Do not use headings as antecedents for pronouns, and
g. Include at least one heading per report page when appropriate.
2. The heading "Progress Update" might be improved to read ________
"Currently Accomplished Tasks"
3. To ensure formatting does not change, a report should be sent:
As a PDF file
4. To convey complex information quickly and clearly, the best is:
Infographics
5. Components of an effective report heading include:
It is short and clear
Explanation:
When writing informational reports, ensure that you emphasize the facts, using appropriate formats to convey them. But if it is an analytical report, the emphasis shifts to the reasoning process and the conclusion(s) to be drawn. Clear and short headings, including subheadings, are important in every report. They give reports more clarity and direction, guiding the reader appropriately.
____involves relying on one's
authority position or stressing that a
request is in accordance with
organizational policies or rules.
Select one:
a. Consultation
b. Legitimacy
c. Exchange
d. Rational persuasion
= Legitimacy
Explanation:
legitimacy involves relying on one's
authority position or stressing that a
request is in accordance with
organizational policies or rules.
Suppose that there are only two firms in the automobile industry in a particular country. Which term describes the country's automobile market?
Use letters in alphabetical order to select options
A monopolistic competition
B duopoly
C double monopoly
D Nash equilibrium
Answer:
Duopoly ( B )
Explanation:
The term that describes a country's market whereby there are only two firms in any industry is ; Duopoly
A Duopoly economy is a type of economy whereby the entirety of an Economy is solely controlled/owned by a not more than two industries/companies, this type of economy can be said to be a form of Oligopoly in its simplest form. while a monopolistic competition involves just one company or industry controlling the economy
When drafting an end-of-year summary report to her supervisor about the status and sales of the restaurant's newest pizza, Diane omits details about negative customer feedback. By only reporting positive feedback, which barrier of effective communication is she using?
A) deceptive tactics
B) perceptual differences
C) distractions
D) information overload
Diskind Corporation manufactures and sells a single product. The company uses units as the measure of activity in its budgets and performance reports. During October, the company budgeted for 6,700 units, but its actual level of activity was 6,650 units. The company has provided the following data concerning the formulas used in its budgeting and its actual results for October:
Data used in budgeting:
Fixed element
per month Variable element per unit
Revenue — $34.20
Direct labor $0 $6.20
Direct materials 0 13.80
Manufacturing overhead 37,000 1.70
Selling and administrative expenses 25,500 0.20
Total expenses
$62,500
$21.90
Actual results for October:
Revenue $228,900
Direct labor $41,130
Direct materials $93,235
Manufacturing overhead $43,500
Selling and administrative expenses $30,470
The direct materials in the flexible budget for October would be closest to:
A. $91,770
B. $93,965
C. $92,460
D. $93,055
Answer:
A. $91,770
Explanation:
The direct materials in the flexible budget for October:
Cost = Variable Cost + Fixed Cost
Variable Cost = Actual level of activity*Direct material Variable element per unit = 6,650 units * $13.80 = $91,770
Fixed Cost = $0
So, the direct materials in the flexible budget for October = $91,770 + 0 = $91,770.
A bank has total interest income of $62.736 million and total noninterest income of $10.077 million. This bank has total interest expenses of $22.065 million and total noninterest expenses (excluding PLL) of $23.858 million. Its provision for loan losses is $1.566 million and its taxes are $3.214 million. What is this bank's net noninterest income, to the nearest $0.001 million?
Answer:
-$15.347
Explanation:
Calculation for What is this bank's net noninterest income
Using this formula
Net noninterest income=Total noninterest income+(Total noninterest expenses+Loan losses)
Let plug in the formula
Net noninterest income=$10.077-($23.858+$1.566,)
Net noninterest income=$10.077-$25.424
Net noninterest income=-$15.347
Therefore the bank's net noninterest income will be -$15.347
Scenario #2: One spouse thinks that their two children need new shoes. The other
spouse thinks that the family vehicle needs an oil change. Can both be done with only
$30 in the budget for blow money? How can this issue be resolved in the future?
The amounts of the assets and liabilities of Journey Travel Agency at December 31, 2018, the end of the year, and its revenue and expenses for the year follow. The retained earnings were $1,341,000 on January 1 2018, the beginning of the year. During the year, dividends of $75,000 were paid.
Accounts payable $69,500 Miscellaneous Expense $14,500
accounts receivable $236,500 Rent expense $22,500
cash $190,500 supplies $7,000
common stock $450,000 supplies expense $11,300
Fees earned $383,500 utilities expense $16,700
Land $1,500,00 wages expense
$170,000
1.Prepare an income statement for the year ended in December 31 2018
2. Prepare a retained earnings statement for the year
3. Prepare a balance sheet as of december 31 2018
4. What item appears on both the retained earnings statement adn the balance sheet?
Journey Travel Agency
Income Statement
For the Year Ended December 31, 2018
Revenue
Expenses
Misscellaneous expense
Supplies
Supplies expense
utilities expense
Net income
Journey Travel Agency
Statement of Retained Earnings
For the Year Ended December 31, 2018
Retained earnings, January 1, 2018
Retained earnings, December 31, 2018
Journey Travel Agency
Balance Sheet
For the Year Ended December 31, 2018
Assets Liabilities
Total liabilities
Stockholders' Equity
Total liabilities and
Total assets
stockholders' equity
(posted chart from excel, given by teacher)
Answer:
Income statement
Fee earned $383,500
Expenses:
Miscellaneous expense $14,500
Rent expense $22,500
Supplies expense $11,300
Utilities expense $16,700
Wages expense $170,000 $235,000
Net income $148,500
Statement of retained earnings
Retained earnings, beginning $1,341,000
Net income $148,500
Less: Dividend paid $75,000
Retained earnings, ending $1,414,500
Balance sheet
Assets
Cash $190,500
Accounts receivable $236,500
Supplies $7,000
Land $1,500,000
Total assets $1,934,000
Liabilities
Accounts payable $69,500
Stockholders' equity
Common stock $450,000
Retained earnings $1,414,500
Total stockholders' equity $1,864,500
Total liabilities and stockholders' equity $1,934,000
Thomas and Martina are on the same debate team at school. After the team completes a rehearsal the teacher points out how impressive Martina's performance was. Thomas realizes his own performance has never warranted such praise. He decides to watch Martina closely during the next rehearsal and learn some of her strategies.
Select the statement that describes a way Thomas could rehearse to improve his debate performance.
a. Thomas borrows Martina's stopwatch so he can time the parts of his speech.
b. Thomas attempts to mimic the tone and pace of Martina's speaking voice.
c. Thomas adds new graphics to his presentation that are eye-catching but unrelated to his argument.
d. Thomas decides he needs to speak at the same podium Martina is using.
Answer: B. Thomas attempts to mimic the tone and pace of Martina's speaking voice.
Explanation:
The statement that describes a way Thomas could rehearse to improve his debate performance is by attempting to mimic the tone and pace of Martina's speaking voice.
Mimicking Martina's tone and pace will help Thomas in capturing the attention of the audience and give an impressive performance.
Every day, Dawa comes to work
intoxicated, and this compromises
his work efficiency. Dawa is
engaging in
Select one:
a. corruption
b. Workplace deviancev
c. Property deviance
d. Sabotage
= Workplace deviance
Answer:
the answer is workplace deviancey
Answer:
You are indeed correct
Explanation:
Ashton's gross pay is $82,000. He receives tax credits of $2,000. He pays total taxes of $4,500. What are his taxable and disposable incomes?
Ashton's taxable income is $
and his disposable income is $
v
Reset
Next
Answer:Therefore, Ashton's taxable income is, $80,000 while his disposable income is $75,500.
Explanation:
In the case of an expansionary_____policy, the interest rate rises, while in the case of an expansionary _____ policy, the interest rate falls.
Select one:
a. fiscal; monetary
b. monetary, monetary
c. monetary, fiscal
d. fiscal; fiscal
= fiscal; monetary
With an expansionary fiscal policy, the interest rate rises, while with an expansionary monetary policy, the interest rate falls.
What is an Expansionary fiscal & monetary policy?This is when an increases in money supply is stimulated by raising spending or cut taxes while the latter is when the cost of borrowing i reduced to stimulate an economy.
Therefore, the Option A is correct.
Read more about fiscal policy
brainly.com/question/6583917
#SPJ1
Communication may account for as much as. Of a hiring decision
a 25%
b. 40%
C65%
d. 80%
Answer:
A) 25%
Explanation:
Just got it right on edge
Which of the following occupations would least likely to be
subjected to seasonal employment?
Select one:
a.
Easter Bunny.
b.
McDonald clown.
C.
Department store Santa Claus.
d.
Lifeguard.
= McDonald clown.
Answer:
McDonald Clown
Explanation:
B.
=MCDONALD