Gemstone Products located in New York City, is one of the world's largest producers of beauty and related products. The company's consolidated balance sheets for the 2016 and 2015 fiscal years included the following ($ in thousands): 2016 2015 Current assets: Receivables, less allowances of $133,425 in 2016 and $89,025 in 2015 $ 461,900 $ 441,500 A disclosure note accompanying the financial statements reported the following ($ in thousands) Year Ended 2016 2015 (In thousands) Calculation of account receivables, net: Receivables $ 595,325 $ 530,525 Less: allowance for doubtful accounts (123,125 ) (77,825 ) Less: reserve for product returns (10,300 ) (11,200 ) Trade accounts receivable, net: $ 461,900 $ 441,500 Assume that the company reported bad debt expense in 2016 of $192,500 and had products returned for credit totaling $187,225 (sales price). Net sales for 2016 were $5,653,800 ($ in thousands). Required: 1. What is the amount of accounts receivable due from customers at the end of 2016 and 2015

Answers

Answer 1

Answer:

Required:

1. What is the amount of accounts receivable due from customers at the end of 2016 and 2015?

2. What amount of accounts receivable did Gemstone write off during 2016?

3. What is the amount of Gemstone's gross sales for the 2016 fiscal year?

1.  Particulars                                   2016          2015

Accounts receivables (Net)        $461,900    $441,500

Add: Allowances                         $133,425    $89,025  

Accounts receivables (gross)   $595,325   $530,525

2. Particulars                                                                        Amount

Allowance for doubtful accounts: Beginning balance     $77,825

Add: Bad debt expenses                                                    $192,500

Less: Closing balance end of the year                               $123,125

Bad debts written off in 2016                                            $147,200

3. Particulars                                           Amount

Balance, end of the year                        $10,300

Add: Actual returns                                 $187,225

Less: Balance, beginning of the year    $11,200  

Estimated sales returns                         $186,325

Gross sales for the year = Net sales + Estimated sales returns

Gross sales for the year = $5,653,800 + $186,325

Gross sales for the year 2016 = $5,840,125


Related Questions

Which management approach is aligned with Octavio's implementation of teleworking?

Answers

Systematic management approach is aligned with Octavio's implementation of teleworking

What is teleworking?

Teleworking, also known as telecommuting or remote work, refers to a work arrangement where employees can perform their job duties outside of a traditional office setting, such as from home, a co-working space, or another remote location. Teleworking usually involves using technology, such as computers, phones, and video conferencing, to communicate with colleagues and complete work tasks.

Teleworking has become increasingly popular in recent years, as advances in technology have made it easier for people to work from anywhere with an internet connection. Teleworking offers a number of benefits, including increased flexibility, reduced commuting time and costs, and improved work-life balance. It can also help employers reduce office expenses and attract a wider pool of job candidates.

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What is supply-side fiscal polioy? Identify each policy action as being focused on the demand side, the supply side, or both. Drag each item on the left to its matching item on the right. Note that every item may not have a match, while some items may have more than one match.

1. research grants for a corporation developing new technologies

2. government-funded scholarships for college students

both demand side supply side 3. stimulus packages for firms that are "too big to fail"

4. increasing spending on "shovel-ready" projects

5. lowering income tax rates at all income levels

Answers

Answer: Please refer to Explanation

Explanation:

Supply Side Fiscal Policy focuses on how to improve the ability of companies to supply more goods to the economy. The aim being that as companies supply more, they grow more and employ more people.

Demand Side Fiscal Policy on the other hand focuses on how to give more power to the Demand side of the Economy. It holds that increasing demand leads to increased supply which is good for the economy.

Classifying the above,

1. research grants for a corporation developing new technologies. SUPPLY SIDE.

This is aimed at increasing supply by improving the ways a company is able to produce it's goods and services.

2. government-funded scholarships for college students. SUPPLY SIDE.

This is supply side because it leads to more Colleges offering placement to students.

3. stimulus packages for firms that are "too big to fail". DEMAND SIDE.

Companies considered Too big to fail usually hire a lot of people. Keeping them running leads to them being able to pay off their employees which increases the demand in the economy.

4. increasing spending on "shovel-ready" projects. DEMAND SIDE.

Shovel Ready projects are those that are ready to be initiated. By increasing spending on them, they hire people immediately and begin work which increases the income flowing to people in the economy which increases demand.

5. lowering income tax rates at all income levels. BOTH.

By lowering income tax levels people are both able to spend more which increases demand as well as able to Invest more in companies which will increases supply.

In the context of a database marketing campaign, _______ tells a business how much it should spend to maintain a relationship.


a. Extraction, transformation, and loading (ETL)

b. Enterprise resource planning (ERP)

c. Customer lifetime value (CLTV)

d. Recency, frequency, and monetary analysis (RFM)

Answers

The Customer lifetime value helps to inform a business on how much it should spend to maintain a relationship in database marketing campaign.

What is a Customer lifetime value?

A customer lifetime value refers to a ratio that tells about the total revenue that a business can reasonably expect from a single customer.

Hence, the customer lifetime value helps the firm to know valuable customers which allows to know who to treat most importantly

Therefore, the Option C is correct

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Meetings are a good place to decide what business to discuss.
Please select the best answer from the choices provided
OT
OF

Answers

It is a true statement that meetings are a good place to decide what business to discuss.

Why are meetings good place to decide what business to discuss?

When teams plan to discuss ideas, share information or offer solutions to workplace challenges, they might schedule meetings to review these items. This provides coworkers with a collaborative space to freely express opinions and update each other on current tasks.

When conducting a meeting, consider sending an agenda and informing employees of the meeting's topic beforehand to ensure it's productive and engaging. Hence, it is true that meetings are a good place to decide what business to discuss. because it means that you can discuss whatever you want with team since everyone has gathered.

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Gordon, an employee, is provided group term life insurance coverage equal to twice his annual salary of $125,000 per year. According to the IRS Uniform Premium Table (based on Gordon's age), the amount is $12 per year for $1,000 of protection. The cost of an individual policy would be $15 per year for $1,000 of protection. Since Gordon paid nothing towards the cost of the $250,000 protection, he must include in his 2019 gross income which of the following amounts?

Answers

Answer:

1

Explanation:

1+1=2

Need help please thanks!

Need help please thanks!

Answers

Using the approximate doubling formula, we can find the population of the country in 2030:

P(t) = P(0) x 2^(t/d)

where P(t) is the population at time t, P(0) is the initial population, t is the time elapsed, and d is the doubling time.

What does magnitude imply?

The definition of magnitude is "how much of a quantity." In order to compare the speeds of an automobile and a bicycle, for example, the magnitude can be utilized. It can also be used to describe how far an object has traveled or how much an object weighs in terms of its magnitude.

Given P(0) = 200 million, d = ln(2)/ln(1 + P) = ln(2)/ln(1 + 1.2%) = 57.78 years.

Therefore, P(30) = 200 million x 2^(30/57.78) = 446.36 million.

So, the predicted population of the country in 2030 is approximately 446.36 million.

The energy E released by an earthquake of magnitude M can be estimated using the formula:

log E = 1.5M + 9.1

For a magnitude 8 earthquake, we have:

log E = 1.5 x 8 + 9.1 = 21.1

Therefore, E = 10^21.1 joules.

Expressing this in scientific notation, we have E = 1.26 x 10^21 joules.

The difference between the energy released by a magnitude 8 earthquake and an explosive device that released 17 x 10^18 joules of energy is:

log E1 - log E2 = 1.5M - 1.5M' = 1.5(8 - M')

where E1 is the energy released by the earthquake of magnitude 8, E2 is the energy released by the explosive device, M' is the magnitude of the explosive device.

Solving for M', we get:

M' = 8 - (log E2 - log E1)/1.5 = 2.05

Therefore, the explosive device released the energy equivalent of a magnitude 2.05 earthquake.

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How can we measure what we gain and lose when making choices?
A. production possibilities curve
B. production possibilities frontier
C. law of diminishing marginal unity
D. marginal unity
Turn In

Answers

Answer:a

Explanation:

highlight four ways in which business risk may be classified​

Answers

Answer:

Business risk usually occurs in one of four ways: strategic risk, compliance risk, operational risk, and reputational risk.

Explanation:

Calculating Income Tax Expense

Given the following.

Taxable Income $400k
Future taxable amounts $30k
Future deductible amounts $50k
Beginning Balances DTA $10k
Beginning Balances DTL $40k
Tax rate 30%.

1. What is the income tax expense?
2. What is the DTA year end balance?
3. What is the DTL year end balance?
4. What is the income tax expense?
5. What is the originating/reversing amount for the future taxable amount and for the deductible amount of the current year?

Answers

The income tax expense is $120k

The DTA year-end balance is $10k

The DTL year-end balance is $40k

The origination amount for the future deductible amount is $15k, and the reversing amount is also $15k.

How to Solve the Problem?

1. To calculate the income tax expense, we need to first calculate the taxable income.

Taxable Income = $400k

Tax rate = 30%

Income tax expense = Taxable Income * Tax rate

Income tax expense = $400k * 30% = $120k

2. The DTA (Deferred Tax Asset) year-end balance can be calculated as follows:

Beginning Balance DTA = $10k

Future deductible amounts = $50k

Origination amount for the deductible amount = $50k * 30% = $15k

Reversing amount for the deductible amount = $15k

DTA year-end balance = Beginning Balance DTA + Origination amount - Reversing amount

DTA year-end balance = $10k + $15k - $15k = $10k

3. The DTL (Deferred Tax Liability) year-end balance can be calculated as follows:

Beginning Balance DTL = $40k

Future taxable amounts = $30k

Origination amount for the taxable amount = $30k * 30% = $9k

Reversing amount for the taxable amount = $9k

DTL year-end balance = Beginning Balance DTL + Origination amount - Reversing amount

DTL year-end balance = $40k + $9k - $9k = $40k

4. The originating/reversing amount for the future taxable amount and the future deductible amount of the current year have already been calculated in questions 2 and 3. The origination amount for the future taxable amount is $9k, and the reversing amount is also $9k. The origination amount for the future deductible amount is $15k, and the reversing amount is also $15k.

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Which of the following is most likely to happen if a borrower fails to make
payments on time?
A. The borrower's credit score will decrease.
B. The lender will charge a lower interest rate.
C. The lender will increase the credit limit.
D. The borrower's creditworthiness will improve.

Answers

A. The borrower's credit score will decrease.

Answer:

A. The borrower's credit score will decrease.

Explanation:

Marc, a single taxpayer, earns $122,000 in taxable income and $3,800 in interest from an investment in city of Birmingham Bonds. Using the U.S. tax rate schedule for year 2018, what is his effective tax rate? (Use Tax rate schedules)
https://ezto-cf-media.mheducation.com/Media/Connect_Production/bne/accounting/spilker_10e/taxrateschedule2018.htm
Multiple Choice

24.99%


18.74%


19.91%


26.68%


None of the choices are correct.

Answers

Answer:

None of the choices are correct

Explanation:

Given:

Income from city bond = $122,000

Find:

Effective tax rate

Computation:

We know thar Marc is single tax payee

So,

As per rule

Federal tax = $14,089.50 + (Income - $82,500)24%

Federal tax = $14,089.50 + ($122,000 - $82,500)24%

Federal tax = $23,569.50

Effective tax rate = (Federal tax / Income)100

Effective tax rate = [23,569.50/122,000]100

Effective tax rate = [0.1931]100

Effective tax rate = 19.31% (Approx.)

a. In 2009, XYZ Enterprises negotiated and closed a long-term lease contract for newly constructed truck terminals and freight storage facilities. The buildings were constructed on land owned by the company. On January 1, 2010, XYZ took possession of the leased property. 20-year lease is effective for the period January 1, 2010, through December 31, 2029. Advance rental payments of $800,000 are payable to the lessor (owner of facilities) on January 1 of each of the first 10 years of the lease term. Advance payments of $400,000 are due on January 1 for each of the last 10 years of the lease term. XYZ has an option to purchase all the leased facilities for $1 on December 31, 2029. At the time the lease was negotiated, the fair market value of the truck terminals and freight storage facilities was approximately $7,200,000. If the company had borrowed the money to purchase the facilities, it would have had to pay 10% interest. Should the company have purchased rather than leased the facilities?

Answers

XYZ Enterprises should lease the newly constructed truck terminals and freight storage facilities instead of purchasing them.

How is the lease cost calculated?

The lease cost can be calculated by finding the present value of the annual lease payments.

The present value of the annual lease payments represents the discounted value of the future cash outflows.

The PV annuity factor can be used to compute the total lease cost in present value, as follows:

Data and Calculations:

Lease Option:

Interest rate = 10%

Lease period = 20 years

                                                               Lease     PV Annuity Factor    PV

Annual lease cost for 1st 10 years     $800,000     6.145             $4,916,000

Annual lease cost for 20 years         $400,000     8.514            $3,405,600

Less Annual lease cost 2nd 10 years 400,000     6.145             (2,458,000)

Total Present Value of Lease Cost =                                          $5,863,600

Purchase Option:

Fair market value = $7,200,000

Given the present values of the two options, XYZ Enterprises is advised to lease instead of purchasing the facilities.

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Which of the following benefits and costs are associated with home ownership or renting? (Economics)

A. Renters sometimes pay for their utilities but never pay mortgage interest to live in the home they are renting.

B. A homeowner must pay property tax, the bill for an unexpected roof leak, but not utilities.

C. After paying rent for five years, a renter will receive a return for renting their home.

D. Renters typically only pay maintenance costs when they are unexpected.

Answers

Options A and B are associated with benefit. Option C is neither cost nor benefit and Option D is cost.

Classify the above as benefit or cost.

A. Advantage: Tenants don't pay mortgage interest; they merely pay for their utilities. Cost: Tenants do not accumulate equity in the rental property they are using, and over time, their rent may go up. B. Advantage: Homeowners accumulate equity in their homes, which can eventually increase in value. Cost: Property taxes, upkeep expenses, and unforeseen repairs, that may be pricey, are all the responsibility of homeowners. C. Neither a cost nor a benefit. Renters don't get their money back after paying rent. D. Cost: All maintenance expenditures, including regular upkeep, repairs, and replacements, are the responsibility of the tenant. These expenses could come as a surprise and accumulate over time.

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Answer: A. Renters sometimes pay for their utilities but never pay mortgage interest to live in the home they are renting.

Explanation:

The operating budget provides a roadmap for financial plans for a short-term, future period. What is a typical “future period” for an operating budget?

Answers

An operating budget is a financial statement that outlines the organization's expenditures and revenues for a specific period.

The operating budget is typically for a fiscal year, which is usually twelve months. The future period for an operating budget is usually a fiscal year or less than a year. The operating budget is critical because it establishes guidelines for financial activities and operations in an organization. It provides a roadmap for financial plans for a short-term, future period, which typically begins on January 1st and ends on December 31st.

An organization creates an operating budget to aid in the allocation of resources and expenditures to achieve its objectives for a given period. A typical operating budget is for a fiscal year. A fiscal year is the period when an organization prepares its financial statements. It is usually 12 months, but it may be shorter or longer depending on the organization. An operating budget typically covers one fiscal year; however, it may be longer or shorter based on the organization's preferences.

The future period for an operating budget is frequently updated to reflect the company's current situation and financial standing. It takes into account the actual results of the previous period and the estimated expenditures and revenues for the upcoming year to develop the operating budget for a future period.

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A contestant asks for 200,000 for 25% of their business, what value have they placed on their entire company?

Answers

Answer:

$800,000

Explanation:

25% of the business is equal to 200,000, according to the contestants.

The entire company value is equivalent to 100%

25% = 200,000

100% = ?

100% = 200,000/25 x 100

=$8,000 x 100

=$800,000

You are considering the purchase of a stock that is currently selling at $64 per share. You expect the stock to pay $4.50 in dividends next year. a. If dividends are expected to grow at a constant rate of 3 percent per year, what is your expected rate of return on this stock? b. If dividends are expected to grow at a constant rate of 5 percent per year, what is your expected rate of return on this stock? c. What do your answers to parts (a) and (b) say about the impact of dividend growth rates on the expected rate of return on stocks?

Answers

Answer:

Price of a constant growth dividend stock is given by Price = D1 / (Re – G) Where, Price = Price of the stock = $64 D1 =…

Financial Crisis

Suppose that banks are less able to raise funds and so lend less. Consequently, because people and households are less able to borrow, they spend less at any given price level than they would otherwise. The crisis is persistent so lending should remain depressed for some time. Refer to Financial Crisis. In the long run, if the Fed does not respond, the change in price expectations created by the crisis shifts:

a. short-run aggregate supply right.

b. aggregate demand right.

c. aggregate demand left.

d. short-run aggregate supply left.

Answers

Answer:

The correct answer to the given question is “D – Short-Run Aggregate Supply Left”

Explanation:

While the problem is there for offering and deriving, less asset is being completed on the budget. Thus due to the lack of capital. The investment standard growing will decrease and therefore as an outcome, short run cumulative source curve will move to the left.

Market Segmentations of Retirement Investment Services

Answers

Market segmentation types

segmentation by location.segmenting by demographics.psychological grouping.segmenting based on behavior.

What is meant by Market Segmentation?Market segmentation is a technique used in marketing that involves breaking up a large consumer or corporate market into smaller groups of consumers based on shared traits. Often, this procedure involves existing and future clients. Although the four primary categories of market segmentation are thought to be geographic, demographic, psychographic, and behavioral, there are many more approaches you can take, as well as many variants on the four primary types. Market segmentation can be done in five different ways: firmographic, geographic, psychographic, and behavioral.You now have all the information you require on the six different types of market segmentation: transactional, needs-based, needs-based, psychographic, and geographic.

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ou recently had an accident on the job. some equipment fell on you causing a serious injury, and your medical bills alone are likely to be over $85,000. you claim an outside vendor who was working on the equipment that day created the problem that caused the injury, and you want to sue. you live and work in texas, and the outside vendor is a resident of oklahoma.

Answers

Either a federal courts or a state court should hear your case.

Federal courts review matters involving the legality of legislation, laws and treaties drafted by American ambassadors and public ministers, disagreements between two or more states, admiralty law, often known as maritime law, and bankruptcy proceedings. State courts are established by state legislation and are endowed with broad power. These courts can hear a variety of situations, including criminal charges and family law conflicts. As opposed to state courts, which are formed in accordance with the U.S. Constitution, federal courts have far more limited authority. Federal courts resolve conflicts concerning the U.S. Constitution, federal legislation, conflicts between states, and conflicts involving more than $75,000 between residents of separate states.

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You recently had an accident on the job. Some equipment fell on you causing a serious injury, and your medical bills alone are likely to be over $85,000. You claim an outside vendor who was working on the equipment that day created the problem that caused the injury, and you want to sue. You live and work in Texas, and the outside vendor is a resident of Oklahoma. Where do you think you should file the lawsuit?

If an advertiser bids $4.75 CPM and another advertiser bids $0.50 per CPC with a click rate of 1%, the display network would award the ad space to A. the CPM bidder because the network would earn $4.75 versus only 50 cents with the CPC bidder BY. the CPM bidder since the network has no idea how many click throughs the CPM bidder will get C. the CPC bidder because the 1% click through rate would produce $5.00 over 1,000 impressions D. the CPC bidder because the $0.50 per click rate would produce an income of $50.00 versus only $4.75 for the CPM bidder

Answers

Answer: C. the CPC bidder because the 1% click through rate would produce $5.00 over 1,000 impressions

Explanation:

From the question, an advertiser bids $4.75 cost per thousand impressions (CPM) while another advertiser bids $0.50 per CPC with a click rate of 1%. Over 1000 impressions, the second advertiser bids will produce:

= $0.50 × 1% × 1000

= $0.50 × 0.01 × 1000

= $5

Based on the analysis above, the CPC bidder will be awarded the advertisement space because the 1% click through rate would give $5.00 over 1,000 impressions.

Imagine the products are in decline and recommend an extension strategy for each one. Make sure you explain your
A Galaxy chocolate bar
Candy Crush mobile app.
Evian water
Ferrari world.

Answers

All of these products should use a rebranding extension strategy.
Once a product reaches maturity and the market is saturated, it gradually starts to decline.

Because of this, one approach to lengthen the life of a product strategy is to always seek out ways to make it better, different, and even stand out from similar products that have already hit the market.

Rebranding, offering discounts, and looking for new markets are all examples of extension strategy methods. Rebranding is the process of giving an existing product a fresh look and feel in order to set it apart from the competition. For instance, a cosmetics company might provide additional brushes, blenders, or sponges.

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The DCF value of the firm using the FCFF information above, a discount rate of 6%, and an expected terminal growth rate of 2%, is:__________.

Answers

Answer:

$176,900 million

Explanation:

Calculation for the DCF value of the firm

DCF value of the firm=$6,527/1.06 + $6,853/1.062 + $7,196/1.063 + $7,556/1.064 + ($7,707/(0.06 - 0.02))/1.064

DCF value of the firm= $176,900 million

Therefore the DCF value of the firm will be $176,900 million

Determine FOUR potential threats in the broad environment that the Marriott Bonvoy All-Inclusive Resort Barbados could consider in developing its strategy

Answers

Economic threats, such as changes in inflation, interest rates, and exchange rates that could impact the resort's revenue and operational costs.

The Marriott Bonvoy All-Inclusive Resort Barbados could face several potential threats in the broad environment that it should consider when developing its strategy.  Technological threats, including the need to keep up with evolving technologies and online booking platforms that can impact customer relationships. Social threats, such as changing attitudes towards sustainability and eco-friendliness that can impact the resort's reputation and customer loyalty. Finally, political threats such as changes in government policies and regulations, including tax policies and labor laws, that can impact the resort's operations and profitability. To mitigate these threats, the resort could diversify its revenue streams, invest in technological infrastructure, adopt sustainable practices, and maintain positive relationships with the government.

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What appeals to you about photography? Is it the creative process of setting up
photographs? Or are you more interested in the various functions and settings that you
can control with your camera? Explain and discuss what aspects of photography
interest you and why, as well as what, you are interested to learn more about.

Answers

As was already mentioned, image appeal in photography can be summed up as the interest that a photograph arouses in viewers other than the photographer. The adjective "appealing" is typically defined in the American Heritage Dictionary (2005) as being lovely or beautiful.

In terms of creativity and idea exploration through photos, photography is a sort of art, but in order to produce truly excellent images, you must set up a strategy for your personal growth that is particularly focused on your abilities, motivation, purpose, and output.

Ensuring that there is a balance and that your photographs are not susceptible to underexposure or overexposure in order to create great images.

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the 3 hour per week that 100 million volunteers donate every year in the US is equal to how many full time worker
a. 1 million
b. 7.5 million
c. 100 million
d. 750 million

Answers

The equivalent number of full-time workers based on the 3 hours per week volunteered by 100 million volunteers in the US is approximately 144,230 full-time workers. Option C is the correct answer.

To calculate the equivalent number of full-time workers based on the 3 hours per week that 100 million volunteers donate every year in the US, we need to determine the total number of hours volunteered and divide it by the number of hours worked by a full-time worker in a year.

Let's assume a full-time worker works an average of 40 hours per week, and there are 52 weeks in a year.

Total hours volunteered per year:

3 hours per week * 100 million volunteers = 300 million hours

Total hours worked by a full-time worker per year:

40 hours per week * 52 weeks = 2,080 hours

Equivalent number of full-time workers:

300 million hours / 2,080 hours = approximately 144,230 full-time workers

Option C is the correct answer.

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Linda installed a special pool for the hydrotherapeutic treatment of severe arthritis, as prescribed by her doctor. The cost of installing the pool was $16,160, and her insurance company paid $4,040 toward its cost. The pool increased the value of Linda's house by $5,656, and it has a useful life of 10 years.

How much of a deduction (before any AGI limitations) is Linda entitled to in the year of installation of the pool?
$fill in the blank 1

Answers

Linda installed a special pool for the hydrotherapeutic treatment of severe arthritis, as prescribed by her doctor. The amount of deduction is $6464

What are AGI limitations?

Generally, Your Adjusted Gross Income (AGI) will never be more than the total gross income reported on your tax return, and in certain instances, it may even be lower.

On more information, please refer to the instructions for Form 1040 (PDF Schedule 1). If you file your taxes using the Married Filing Jointly status, the $73,000 AGI ceiling applies to the total amount of income that both of you bring in as a married couple.

Compute the amount of deduction as follows:

The deduction amount would be allowed as an expense in the year of installation.

Amount of deduction allowable = Special Equipment cost - Increase in property value -Insurance Received

Therefore

=16160- 4040 - 5656

= 6464

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You are responsible for replacing a piece of machinery in an assembly line. Each choice will last for ten years and work equally well.

Choice A costs $250,000 to purchase and requires annual maintenance costs of $25,000.

Choice B costs $400,000 to purchase and requires maintenance costs in years 4 and 8 of $30,000.

Using an interest rate of 8%, what is the present value of the costs for choice B?

Responses

Answers

The sum of the present values of the initial cost and the ongoing costs for choice B is the total present value of the costs:

The present value of the costs associated with option B is $436,774 at an interest rate of 8%. PV(total cost of option B) = $400,000 + $36,774 = $436,774

What is meant by Initial Cost?

The total cost of acquiring or purchasing an asset, including all costs associated with its acquisition or installation, is referred to as the initial cost. It is the cost of acquiring the asset before any profits or savings it may have brought in.

For instance, if a business purchases a new machine for production, the initial cost would include the machine's purchase price, the cost of transportation, the cost of installation, and any other costs incurred during the purchasing process.

Businesses must take into account the initial cost because it has an impact on their profitability and cash flow. A larger initial investment may be required, resulting in a longer payback period and decreased profitability.

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Troy Juth wants to purchase new dive equipment for Underwater Connection, his retail store in Colorado Springs. He was offered a $63,000 loan at 8.5% for 24 months. What is his monthly payment by table lookup? (Use Table 14.2)

Note: Round your answer to the nearest cent.

Answers

If he was offered a $63,000 loan at 8.5% for 24 months. His monthly payment by table lookup is :  $3071.

What is monthly payment?

Monthly payment can be defined as the amount a person received on a monthly basis.

First step is to convert the month to  year

Month to year = 24 / 12

Month to year = 2 years

Second step is to find the interest using this formula

I = P × R×T

Where:

I = Interest

P = Principal

R = rate

T = time

Hence

I = 63,000 × 2 × 8.5%

I = 10,710

So,

P+ I = 63,000 + 10,710

P+I = 73,710

Now let find the monthly payment:

Monthly payment = 73,710 / 24 months

Monthly payment = $3,071.25.

Monthly payment = $3,071 (Approximately)

Therefore the monthly payment is the amount of $3071

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consumers use expanded decisions when purchasing?​

Answers

Answer:

Consumers use expanded decisions when purchasing high-priced, complex, or unfamiliar products. Expanded decision-making involves a high level of involvement by the consumer, who engages in extensive information search, evaluation of alternatives, and consideration of the consequences of the decision. This type of decision-making is often used for products that are expensive, have a high degree of risk, or are infrequently purchased. For example, a consumer might use expanded decision-making when purchasing a car, a home, or a college education. In contrast, for products that are low-priced, frequently purchased, or have low risk, consumers often use limited decision-making or routine decision-making.

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In trying to "sell yourself" to a school, you need to tell the college what makes you special. Will you be a good educational investment? In 75 words or less, what will you say about yourself, your abilities, and your interests?

Answers

The answer should be, I am a very driven and committed person that has a tremendous love for education and personal development.

What is a formal introduction?

In a formal setting or context, such as a business meeting, job interview, or social function, a formal introduction is a systematic and professional approach to introducing oneself or others. It often entails announcing one's name, title, or affiliation as well as maybe providing some pertinent background information or information that establishes one's credibility or fosters a relationship with the audience. In a formal introduction, it's crucial to express respect and professionalism using appropriate words, tone, and manners.

I have repeatedly shown throughout my academic career that I am capable of doing well in demanding circumstances and collaborating with others.

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I can be a good educational investment as i am very dedicated and honest person , i have a good command on english speaking and have better listening skills.

Why is it important for students to invest?

Investing money you made when you were young can come in handy and help you get through tough times on your own. With early investments, borrowing from others is significantly less necessary. I hope you have already decided to invest as a student.

How crucial is it to invest in education?

Not only is it the right thing to do, but it is also smart economics to put money into education. Education can lead to employment, empowerment, and health. There is evidence to suggest that a person's income rises by 10% and a nation's GDP rises by 18% for every additional year of education.

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