If invests $12,672.32 now and she will receive $30,000 at the end of 10 years, what annual rate of interest will she be earning on her investment

Answers

Answer 1

Answer:

Rate of interest (r) = 9%

Explanation:

Given:

Amount invested (P) =  $12,672.32

Future amount (A) = $30,000

Number of year (n) = 10

Find:

Rate of interest (r)

Computation:

A=P(1+r)ⁿ

30,000 = 12,672.32(1+r)¹⁰

2.3673=(1+r)¹⁰

1.090 = (1+r)

r = 0.09 or 9%

Rate of interest (r) = 9%


Related Questions

what are the proffesional values​

Answers

Answer:

The values include “service, access equality, respect, confidentiality and privacy, protection of intellectual property rights, literacy, technical literacy, stewardship, and professional and social obligations”

Wickland Company installs a manufacturing machine in its production facility at the beginning of the year at a cost of $156,000. The machine's useful life is estimated to be 20 years, or 110,000 units of product, with a $1,000 salvage value. During its second year, the machine produces 4,400 units of product. Determine the machines' second-year depreciation under the straight-line method.

Multiple Choice

$7,800.


$6,240.


$6,200.


$7,850.


$7,750.

Answers

Answer:

Explanation:

Annual depreciation=(cost-salvage value)/useful life

Annual depreciation =(156,000-1000)/20

Annual depreciation =$7750/year

Hence Depreciation for second year=$7750.


The Government using taxing and spending to stabalize the economy is called

Answers

Answer:

fiscal policy

Explanation:

Fiscal policy is the use of government spending and taxation to influence the economy. Governments typically use fiscal policy to promote strong and sustainable growth and reduce poverty.

A large national company has seen its stock value decrease during the past
month. Which of the following might be a reasonable explanation for the
cause of this?A the company new product line is a top seller B the company sales forecast is extremely positive C they are under criminal investigation and facing potential charges D the company is experiencing tremendous growth

Answers

Answer: is C They are under criminal investigation and facing potential charges

Explanation:

HELPPP MEEEEE
I NEED HELP, I DONT KNOW HOW TO ANSWER

HELPPP MEEEEE I NEED HELP, I DONT KNOW HOW TO ANSWER

Answers

When you use a debit card to make a purchase, the transaction is finished when the funds are immediately removed from your checking account. Nothing, whether good or negative, is reported to the credit agencies or shows up on your credit report.

What transpires if a debit card debt is incurred?

You can lose any advantages, privileges, or discounts linked to your bank account if you accrue this form of debt in addition to having a bad effect on your credit score.

Does debt from debit cards impact credit score?

While using a debit card, you use your own money, whereas when using a credit card, you use cash from a credit line that has been authorized by the credit card provider. Debit cards don't count toward your credit usage ratio, so closing your account or switching banks won't have an impact on your credit score.

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You have a opportunity to be hired into a exciting new career. Explain what types of clothing you would wear to the interview and how you would use your communication skills to make a good impression. (Use examples of both verbal and nonverbal communication.)

Answers

Answer:

I would wear something simple not to flashy like some black pants with a button up top and a blazer I think that is very professional. I would use my communication skills by using eye contact not interrupting and asking questions if I don’t understand something. Also I would try my best to answer the questions they ask to the best of my ability and use a good speaking voice and good grammar. Hope this helps!!

Which economies are moving away from their traditional reliance on agriculture to a more industrialized nation?
O A. developing economies that are becoming developed economies
emerging market economies that are becoming developing economies
C. developing economies that are becoming emerging market economies
developed economies that are becoming developing economies
O
B.
D.

Answers

Answer: A

Explanation:

Gerry Jacobs, a financial analyst for Best Valu Supermarkets, has
prepared the following sales and cash disbursement estimates for the
period August through December of the current year.
[TABLE BELOW]
90 percent of sales are for cash, the remaining 10 percent are collected one month
later. All disbursements are on a cash basis. The firm wishes to maintain a
minimum cash balance of $50. The beginning cash balance in September is $25.

Prepare a cash budget for the months of October, November, and December, noting
any needed financing or excess cash available.

Gerry Jacobs, a financial analyst for Best Valu Supermarkets, hasprepared the following sales and cash

Answers

The cash is excess available in month of September , October, November and December.

A cash budget is a projection of a company's cash flows over a given time frame. The budget in question can be for a week, month, quarter, or year. This budget is used to determine whether the entity has enough money to keep running for the specified period of time.

What role does the cash budget play?

A financial budget is crucial, particularly for smaller businesses. It enables a business to decide how much credit it can provide to clients without experiencing liquidity issues. A cash budget assists in preventing a cash crunch at times when a business faces a large volume of costs.

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The new iPhone 11 is released.
What happens to the demand for
iPhone 11 cases?

Answers

Answer:

it goes up!

Explanation:

Answer:

it gets higher

Explanation:

Arya wants to intern in the finance department for a major retailer. Since Arya will be learning about finance which refers to all
activities concerned with obtaining money and using it effectively.
True
False

Answers

True, Finance refers to all activities concerned with obtaining money and using it effectively.

Finance has to do with effective management of money or financial resources of a business,company or organization.

Improper management of a company finance can lead to the company not achieving their aims and objectives or even liquidate.

For effective management of a company  finance  the  accountant or the  finance manager will need to  have full understanding and knowledge about :

•What it takes to manage finance

•How to manage finance successfully

•How to effectively  make use of the  money obtained .

Inconclusion True, Finance refers to all activities concerned with obtaining money and using it effectively.

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An effective price ceiling in a competitive industry will mean that which of the following is true?

a Marginal cost is greater than marginal revenue.

b Marginal revenue is greater than marginal cost.

c Marginal cost is equal to marginal revenue.

d One cannot tell because the price ceiling prohibits the competitive firms from producing at a profit-maximizing rate of
output.

Answers

C) In a competitive market, an effective price ceiling will result in marginal cost and marginal revenue being equal.

What is the price cap?

The imposed maximum price a seller is permitted to charge for a good or service is known as a price ceiling. Price ceilings are typically applied to necessities like food and energy products when they become unaffordable for regular consumers.

Price ceilings are typically established by law. In essence, a price cap is a form of price control. Price caps can be useful for making necessities affordable, if only temporarily. However, economists question the long-term value of such ceilings.

There are numerous instances of price caps imposed by the government, typically for goods that are regarded as necessary or essential. Here are a few typical instances of price ceilings.

Ceilings on rentFuel and food price ceilingsCost ceilings for prescription medications and lab tests.

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A share of corporate stock is __________.


tangible fungible private property


intangible public property


intangible private property


tangible public property

Answers

Answer:

Tangible public property

Which set of documents do you need to correct a mistake on a filed tax return

Answers

Answer:

Form 1040x

Explanation:

A clothing eCommerce comapny has an Average Order Value of $65. It costs the company $35 to produce the clothes in the average order and $15 to ship it to the customer. What is the Average Order's Gross Profit? * $65 $50 $30 $15
Previous question

Answers

The average order's gross profit for the ecommerce company is $15. The Option D is correct.

What is the calculation for the gross profit?

To calculate the average order's gross profit, we will  subtract the total cost of producing and shipping the clothes from the revenue generated by the order.

Revenue generated by the order is $65.

The total cost of producing and shipping the clothes is:

= $35 + $15

= $50.

The gross profit of the average order is:

= $65 - $50

= $15.

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Is there really a need to develop training improve customer service? Why?​

Answers

Answer:

Yes

Explanation:

The customer must feel happy, and comfortable in the environment that shopkeeps set up. An unhappy customer is far less likely to purchase in quantity and may be less attracted to products. The experience of shopping must be positive if the manager wishes to succeed.

Examples may be seen in MacDonalds, where the "Happy" meal exists, where bright colours are used and service must be supportive of the customers needs and thoughts.

Suppose, that after a successful career, a worker retired precisely as planned with precisely the amount saved that they intended. Upon retirement, they reduced their consumption and spent much less, living a much more simple life. Is this behavior consistent with the permanent income hypothesis?

Answers

Answer: Yes it is

Explanation:

The Permanent Income Hypothesis posits that human expenditure in the short term is based on the amount of income they expect to get as income over the long term.

If a person for instance, knows that they will receive a pay cut at the end of the year, they will probably spend less today to survive the pay cut.

Same goes for the worker in this scenario. They know that the amount they saved is all they have now and into the future so they are adjusting their expenses to ensure they survive on that saving.

13) Consider the following information for a particular economy. Total population = 60 million Number of employed 30 million Total labour force = 40 million Natural rate of unemployment = 12% a) Find the total unemployment rate b) Calculate the cyclical unemployment rate​

Answers

Answer:

Explanation:

a) Find the total unemployment rate

Total labour force = 40 million

Number of employed = 30 million

Number of unemployed = 40 - 30 = 10 million

Unemployment rate = (unemployed / Labour force) × 100

Unemployment rate = (10 million / 40 million) × 100 = 25%

b) Calculate the cyclical unemployment rate​

Cyclical unemployment rate = Unemployment rate - natural rate of unemployment

Unemployment rate = 25%

Natural rate of unemployment = 12%

Cyclical unemployment rate = 25 - 12 = 13%

I am better at my job than most of the other people who have the same job title agree or disagree

Answers

Disagreed. You cannot say that you are better at your job than others who have the same job title.

How to answer questionnaire questions?

While providing the answer to a questionnaire, it is very important that a person would try to be as truthful as possible.

The reason they have to be truthful is so that they would be able to give the best answer that would be useful for the research.

In a question like this, I used disagreed because it is not possible that you have met all of the persons that have the same job description as you do.

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he management accountant for​ Giada's Book Store has prepared the following income statement for the most current​ year: Cookbook Travel Book Classics Total Sales $68,000 $126,000 $53,000 $247,000 Cost of goods sold 40,000 66,000 21,000 127,000 Contribution margin 28,000 60,000 32,000 120,000 Order and delivery processing 21,000 24,000 11,000 56,000 Rent​ (per sq. foot​ used) 2,000 5,000 4,000 11,000 Allocated corporate costs 8,000 8,000 8,000 24,000 Corporate profit ​$​ (3,000​) $23,000 $9,000 $29,000 If the cookbook product line had been discontinued prior to this​ year, the company would have reported​ ________.

Answers

Answer:

Giada's Book Store

The company would have reported a total profit of $19,000, which is $10,000 less.

Explanation:

a) Data and Calculations:

Income statement for the most current​ year:

                                               Cookbook  Travel Book    Classics   Total

Sales                                        $68,000  $126,000  $53,000  $247,000

Cost of goods sold                    40,000     66,000     21,000     127,000

Contribution margin                  28,000     60,000    32,000     120,000

Order and delivery processing 21,000     24,000      11,000       56,000

Rent​ (per sq. foot​ used)              2,000       5,000      4,000         11,000

Allocated corporate costs          8,000        8,000      8,000       24,000 Corporate profit                     ​$​ (3,000​)  $23,000    $9,000     $29,000

Corporate profit =                     $29,000

less allocated cookbook costs   10,000

Adjusted corporate profit =      $19,000

b) Discontinuing the Cookbook product line would have eliminated the contribution the product line makes to defraying Rent and Allocated Corporate costs totalling $10,000 unless the Rental space was a variable cost.

Explain how before factors of production impact the possibilities, production crew, and a countries resources

Answers

The factors of production, namely land, labor, capital, and entrepreneurship, have a significant impact on the possibilities, production capabilities, and resource allocation within a country.

Land refers to all natural resources available, such as arable land, minerals, water, and energy sources. The abundance or scarcity of these resources determines the production possibilities of various industries. For example, a country rich in oil reserves can leverage this resource for energy production or export, thereby influencing its production capabilities and economic potential.

Labor represents the workforce available in a country. The size, skill level, and productivity of the labor force affect the capacity to produce goods and services. Adequate and skilled labor can enhance production efficiency, leading to economic growth and development.

Capital refers to the financial resources, infrastructure, and technology available for production. Access to capital and investment opportunities directly impact a country's production capacity. Well-developed infrastructure, modern technology, and ample financial resources enable efficient production processes, leading to higher output levels and economic advancement.

Entrepreneurship represents the ability to innovate, take risks, and organize the other factors of production. Entrepreneurial activity drives economic growth by identifying new opportunities, creating jobs, and introducing innovative products and services. The presence of entrepreneurial talent and supportive business environments foster economic development.

In summary, the factors of production, including land, labor, capital, and entrepreneurship, shape a country's production capabilities, resource allocation, and economic possibilities. The availability, quality, and utilization of these factors directly impact a country's economic growth, competitiveness, and overall development.

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What is wrong with this sentence? The report applies to western Europe, where people are interested in these exports.​

Answers

The issue with the sentence is that : The sentence is grammatically correct, but it is unclear what "these exports" refer to

What is wrong with this sentence?

The sentence is grammatically correct, but it is unclear what "these exports" refer to. To improve clarity, the sentence should be revised to provide more context or specificity about the exports in question.

For example: "The report applies to western Europe, where people are interested in buying cars from Japanese manufacturers."

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) a business simulation game that is used by colleges and universities all over the world has students submit decisions over the internet. decisions are stored online, processed on the server, and then the results are stored online. they are then downloaded by students in preparation for the next round. which one of the following diagrams represents this activity?

Answers

Double thing, half cylinder, rectangle, half cylinder, oval. (terminal or personal computer, transmittal tape, computer processing, transmittal tape, terminal). These diagrams represent those activities.

Games that centre on the administration of economic processes, typically in the form of a firm, are referred to as business simulation games, economic simulation games, or tycoon games. Management simulations, also known as pure business simulations, have been defined as construction and management simulations without a construction component. In fact, these games frequently stress micromanagement. They are primarily numerical yet attempt to keep the player's interest with inventive graphics. These games are interesting because they accurately simulate actual events using algorithms and closely link player actions to anticipated or conceivable results. The creation of artificial systems, gameplay, and structures is a crucial aspect of economic simulations.

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The following balances were extracted from the books of VE Enterprise on 31 December 2021.
Particular RM RM
Capital 50,000
Motor vehicles 90,000
Fixtures & fittings 48,500
Inventory as at 1 January 2021 32,200
Allowance for doubtful debts 500
Accumulated depreciations as at 1 January 2021:
Motor vehicles 16,000
Fixtures & fittings 10,400
3% fixed deposit 30,000
4% bank loan 50,000
Sales 199,070
Purchases 73,500
Sales returns 2,050
Purchases returns 2,120
Discount allowed 2,550
Discount received 2,830
Account receivables 37,700
Account payables 48,650
Carriage inwards 3,570
Interest received 450
Commission received 2,600
Salaries 16,100
Electricity bills 5,400
Custom duty on purchases 3,000
Insurances 450
Maintenance expenses 3,300
Drawing 2,300
Cash in hand 6,800
Cash at bank 25,200
Additional information:
1. Inventory as at 31 December 2021 18,180
2. Depreciation for the year ended 31 December 2021 has yet to be provided as follows:
a. Fixtures & fittings: 10% using straight line method
b. Motor vehicles:15% using reducing balance method.
3. Electricity bills was paid in advanced by RM500. Meanwhile RM400 commission are not
received yet.
4. One of the customers Amri Sport Enterprise was declare bankrupt and unable to pay the
debt amount RM700
5. The provision for doubtful debts is to be adjusted to 5% based on remaining account
receivables
6. Salaries are accrued by RM140.
3
7. ‘Purchases’ include goods valued at RM1,040 that were withdrawn by Azwin for her own
personal use.
Required:
a) Prepare Income Statement for the year ended 31 December 2021
(15 marks)
b) Prepare Statement of Financial Position as at 31 December 2021

Answers

a. The Income Statement for the year ended 31 December 2021 is RM80,360.

b. The Statement of Financial Position as at 31 December 2021 is RM206,645.

a) Income Statement for the year ended 31 December 2021:

Sales: RM199,070

Less: Sales returns: RM2,050

Net Sales: RM197,020

Cost of Goods Sold:

Opening Inventory: RM32,200

Purchases: RM73,500

Less: Purchases returns: RM2,120

Add: Carriage inwards: RM3,570

Goods Available for Sale: RM107,150

Less: Closing Inventory: RM18,180

Cost of Goods Sold: RM88,970

Gross Profit: RM197,020 - RM88,970 = RM108,050

Operating Expenses:

Discount allowed: RM2,550

Salaries: RM16,100 + RM140 = RM16,240

Electricity bills: RM5,400 - RM500 = RM4,900

Custom duty on purchases: RM3,000

Insurances: RM450

Maintenance expenses: RM3,300

Total Operating Expenses: RM30,340

Net Profit before Non-operating Items:

Gross Profit - Operating Expenses: RM108,050 - RM30,340 = RM77,710

Non-operating Items:

Interest received: RM450

Commission received: RM2,600 - RM400 = RM2,200

Total Non-operating Items: RM2,650

Net Profit before Tax:

Net Profit before Non-operating Items + Total Non-operating Items: RM77,710 + RM2,650 = RM80,360

b) Statement of Financial Position as at 31 December 2021:

Assets:

Non-current Assets:

Motor vehicles: RM90,000 - (RM90,000 * 15%) = RM76,500

Fixtures & fittings: RM48,500 - (RM48,500 * 10%) = RM43,650

Total Non-current Assets: RM120,150

Current Assets:

Inventory: RM18,180

Account receivables: RM37,700 - (RM37,700 * 5%) - RM700 = RM35,815

Prepaid electricity bills: RM500

Cash in hand: RM6,800

Cash at bank: RM25,200

Total Current Assets: RM86,495

Total Assets: RM206,645

Liabilities and Equity:

Equity:

Capital: RM50,000

Retained Earnings: RM80,360

Total Equity: RM130,360

Current Liabilities:

Account payables: RM48,650

Bank loan: RM50,000

Total Current Liabilities: RM98,650

Total Liabilities and Equity: RM206,645

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There are currently
people in the U.S. who work for the minimum wage.

Answers

Answer:

ye minimum wage is 9.75 an hour

Explanation:

Holly inherited $10,000 of City of Atlanta bonds in February. In March, she received interest of $500, and in April she sold the bonds at a $200 gain. Holly re-deemed Series EE U.S. savings bonds that she had purchased several years ago. The accu-mulated interest totaled $800. Holly received $300 of interest on bonds issued by the City of Quebec, Canada. What amount, if any, of gross income must Holly report

Answers

Answer:

$1,300

Explanation:

Calculation for the gross income that Holly must report

Using this formula

Gross income=Bonds gain + Accumulated interest + Interest on bonds received

Let plug in the formula

Gross Income= $200 + $800 + $300

Gross Income= $1,300

Therefore the gross income that Holly must report will be $1,300

Income Statement Project
2018 2019 2020
Revenue:
Book Sales
Ticket Sales
Total Revenue:
Expenses:
Salary
Depreciation
Supplies
Rent Insurance
Total Expense:
Net Income/Loss:
Directions: Build an income statement using the steps provided below.
1) The book store received $50,000 in book sales for 2018, with a 20% increase in revenue each year.
2) Jack's book store received $15,000 each year in ticket sales to book signing events.
3) Find the Total Revenue each year for 2018-2020 using cell referencing.
4) Jack's book store paid $16,000 in employee salaries in 2018. Each year his employee salary cost increased by 25%.
*5) Jack purchased store furniture for $25,000 that is expected to be used over the next 5 years.
6) Jack bought $3,000 in supplies in 2018 and supplies costing $1,000 were used up each year.
'7) Jack signed a contract to pay $800/month for rent between 2018-2020.
8) Jack's book store pays $500 each month to cover insurance.
9) Find the Total Expense each year for 2018-2020 using the SUM function.
10) Find the Net Income/Loss using cell referencing.

Answers

Answer:

Jack's Bookstore

Income Statement Projection:

                                    2018          2019         2020

Revenue:

Book Sales               $50,000    $60,000    $72,000

Ticket Sales                 15,000       15,000       15,000

Total Revenue:        $65,000    $75,000     $87,000

Expenses:

Salary                       $16,000     $20,000    $25,000

Depreciation               5,000          5,000         5,000

Supplies                       1,000           1,000          1,000

Rent                            9,600          9,600         9,600

Insurance                   6,000          6,000         6,000

Total Expense:      $37,600       $41,600    $46,600

Net Income/Loss: $27,400       $33,400    $40,400

Explanation:

a) Data and Calculations:

Book Sales for 2019  = $60,000 ($50,000 * 1.20)

Book Sales for 2020 = $72,000 ($60,000 * 1.20)

Salaries for 2019 = $20,000 ($16,000 * 1.25)

Salaries for 2020 = $25,000 ($20,000 * 1.25)

Depreciation expense per year = $5,000 ($25,000/5) using the straight-line method

Supplies Expense per year = $1,000 ($3,000/3)

Rent Expense per year = $9,600 ($800 * 12)

Insurance Expense per year = $6,000 ($500 * 12)

VIII. Victoria Rivera owns and manages a consulting firm called Prisek, which began operations on July 1. On July 31, the company's records show the following selected accounts and amounts for the month of July. Equipment $12000 Salaries expense$9000 Consulting revenue$36000 Cash $24000 Utilities expense$600 Note payable$7200 Accounts receivable$10500 V. Rivera, WithdrawalsYI$6000 Office supplies$4500 Rental revenue$1500 Advertising expense$1200 Prepaid insurance$3000 Accounts payable$3900 Note receivable$7500 Rent expense$6000 Unearned revenue$900.
Required
1. Prepare a July income statement for the business.
2. Prepare a July statement of owner's equity. The owner's capital account balance at July 1 was $0, and the owner invested $34,800 cash in the company on July 2.
3. Prepare a July 31 balance sheet. Hint: Use the owner's capital account balance calculated in part 2.​

Answers

1. Total Revenue is $20,700.

2. Owner's Capital as of July 31 was $49,000.

3. The July 31 balance sheet shows assets of $61,500, liabilities of $12,000, and owner's equity of $49,500.

1. Income Statement for July:

$35,000. Consulting revenue

rental income of $1,500

Revenues totaled $37,500.

Salaries cost $9,000, so expenses total.

Expenses for utilities: $600

Cost of advertising: $1,200

Cost of rent: $6,000

Costs in total: $16,800

Total Revenue - Total Expenses equals Net Income.

$37,500 minus $16,800 is the net income.

2. Owner's Equity Statement for July:

Capital owned by Owner as of July1: $0

On July 2, the owner had invested $34,800.

$20,700 in net income

$6000 in owner withdrawals

Owner's Capital at July 31 is calculated as Owner's Capital at July 1 plus Owner's Investment plus Net Income minus Owner's Withdrawals.

Owner's Capital as of July 31 equaled $0 plus $34,800 plus $20,700 minus $6,000

3. July 31 The balance sheet

Assets:

$24,000 in cash; $10,000 in receivables

Inventories: $12,000

$4,500 for office supplies

$3000 in prepaid insurance

Amount Owed: $7,500

Assets in total: $61,500

Liabilities:

a payable note: $7,200

Accounts Payable: $3,900

Unearned Revenue: $900

Total Liabilities: $12,000

Owner's Equity:

Owner's Capital at July 31: $49,500

Total Liabilities and Owner's Equity: Total Liabilities + Owner's Equity

Total Liabilities and Owner's Equity = $12,000 + $49,500

Total Liabilities and Owner's Equity = $61,500

Therefore, the July 31 balance sheet shows assets of $61,500, liabilities of $12,000, and owner's equity of $49,500.

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Rugged Sports Enterprises LP is organized as a limited partnership consisting of two individual partners: Hockey LP and Football LP

Answers

A 37.65% equity for each limited partnership (and the total) for the year using the above data from Rugged Sports Enterprises LP.

What is partnership?

The state of being a partner is referred to by the term partnership. A partnership is a type of business concern in which two or more persons share control as well as administration of the company and the financial gain or losses bring forth by the business.

Rugged Sports Enterprises LP is organized as a limited partnership:

Hockey LP:

Annual net income is $36,664

average equity = ($345,000 + $381,664) ÷ 2

average equity = $363,332

return on equity= $36,664 ÷ $363,332

return on equity = 10.09%

Football LP:

Annual net income is $751,612

average equity = ($1,414,500 + $2,046,112) ÷ 2

average equity = $1,730,306

return on equity = $751,612 ÷ $1,730,306

return on equity = 43.44%

Annual net income is $788,276

average equity=($1,759,500+ $2,427,776) ÷2

average equity = $2093638

return on equity = $788276 ÷ $2093638

return on equity = 37.65%

As a result, the conclusion of the partnership are the aforementioned.

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Your question is incomplete, but most probably the full question was.

Rugged Sports Enterprises LP is organized as a limited partnership consisting of two individual partners: Hockey LP and Football LP. Hockey LP Football LP Total Beginning-year balance $ $345,000 $1,414,500 1,759,500 Annual net income 36,664 751,612 788,276 Cash distribution — (120,000 ) (120,000 ) Ending-year balance $ 381,664 $ 2,046,112 $ 2,427,776 Compute partner return on equity for each limited partnership (and the total) for the year using the above data from Rugged Sports Enterprises LP.

Apply the principals you learned about the 5 Cs to this situation. How did this improve McDonald's business. Is there a way for you to apply this in your own business or job?

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McDonald's Gets It Right Links to an external site.

Main, K.(n.d.) A customer found a short note with their McDonald's delivery. It's a master class in marketing: The simple thing the fast-food giant got right that most get wrong. INC,

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The 5 Cs in the business stand for Customers, Company, Collaborators, Competitors, and Context. The application of the 5 Cs is to offer a structure that can be employed to analyze the primary factors that impact an organization. In the context of McDonald's, the principles of the 5 Cs were applied to improve their business.

The first C is Customers: McDonald's gave the customers a reason to come back for more. McDonald's was the first restaurant to use the drive-thru service to save time, and this served to boost the company's revenues. The use of the drive-thru service provided consumers with a means to avoid queues and access fast food quicker, hence serving to attract more clients.

McDonald's also made efforts to enhance their services and provide healthier food options, which kept clients coming back for more

The second C is Company: McDonald's optimized its resources to boost the company's operations. The firm started using an IT system to manage its services, which provided an excellent platform to access information from different locations. This aided the company in implementing a consistent pricing strategy throughout all its branches and helped streamline its supply chain management processes.

Third C is Collaborators: McDonald's partnered with different organizations to enhance the quality of their products. McDonald's partnered with different firms such as Coca-Cola to supply the beverage products, which saved on cost and provided consumers with high-quality drinks.

The company also started partnering with different charitable organizations to engage in Corporate Social Responsibility (CSR) activities, which created a positive impact on society and helped promote the company's brand image.

Fourth C is Competitors: McDonald's conducted a competitive analysis to understand their market position. The company identified different competitors in the fast-food industry and came up with strategies to keep up with the competition.

For instance, McDonald's focused on enhancing their products and services, which kept clients coming back for more and also increased the company's revenues. Fifth C is Context: McDonald's also took into account the broader context in which the company operated.

The company considered the different laws and regulations that affected the fast-food industry and took steps to comply with them. The firm also took into account environmental factors such as climate change and came up with strategies to minimize its carbon footprint.

In conclusion, the application of the 5 Cs principles helped McDonald's improve its business by enhancing customer satisfaction, optimizing its resources, partnering with different firms, conducting a competitive analysis, and considering the broader context in which it operates.

This can be applied to other businesses or jobs to enhance their operations by considering the primary factors that impact their organization.

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STEP 5 Use practical examples from BRICK 'n TILE to differentiate between short and long-run costs. (10) TOTAL: [50]​

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BRICK 'n TILE, a hypothetical company, can differentiate between short-run and long-run costs by considering examples such as immediate production costs (short-run) and investment in new production facilities (long-run).

Short-run costs refer to expenses that a company incurs in the immediate period, where some factors of production are fixed and cannot be easily adjusted. In the case of BRICK 'n TILE, short-run costs could include the costs of raw materials, labor, utilities, and maintenance for their existing production facilities. These costs are essential for the day-to-day operations and can be directly linked to the current level of production.

On the other hand, long-run costs encompass expenses that can be adjusted in the long term to adapt to changes in production levels and scale. For BRICK 'n TILE, an example of a long-run cost would be the investment in new production facilities or equipment. If the company decides to expand its operations or increase its capacity, they may need to construct a new manufacturing plant or purchase advanced machinery. These costs are incurred over an extended period and are associated with strategic decisions that affect the company's production capabilities in the long run.

Differentiating between short-run and long-run costs is crucial for effective financial planning and decision-making. Short-run costs help determine the immediate profitability of the company's operations, while long-run costs factor in the potential growth and expansion strategies. Understanding the distinction between these cost categories allows BRICK 'n TILE to make informed decisions regarding short-term production levels and long-term investment in infrastructure and technology.

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