. Payday loans are very short-term loans that charge very high interest rates. You can borrow $200 today and repay $225 in two weeks. What is the compound annual rate implied by this 12.5 percent rate charged for only two weeks

Utilitarian theory respects all persons equally without particular regard and assists people in making moral decisions. The utilitarian theory provides a basic technique. According to utilitarian philosophy, humans value all moral terms such as self-sacrifice, justice, and honesty.

There are various philosophies of justice, including utilitarianism, justice as fairness, and libertarianism. Utilitarians were those who supported utilitarian doctrine. With utilitarian theory being one of the theories of justice, the researcher was compelled to investigate how the theory provides justice to people, how it impacts human behaviour, and the issues the theory faces in the present world. Act utilitarians argue that their theory gives compelling grounds to reject many conventional moral statements and substitute them with moral perspectives based on the consequences of actions. People who are persuaded by act utilitarianism's critics may decide to abandon utilitarianism outright and adopt another form of moral theory.

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He should ask the credit counselling agency a number of questions, including: What are your fees and how are they determined, Do you have a licence to offer credit counselling services in my state.

The good news is that the federal government does take precautions to safeguard you against cons, gives online debt management guidance at Coping with Debt, and offers resources to assist you in paying your obligations.

If you're considering debt forgiveness, these credit card debt relief programmes might be a possibility for you, especially if you've encountered a financial setback like a job loss, a divorce, or significant medical bills.

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Answer:

Economic liberalism is a political and economic philosophy based on strong support for a market economy and private property in the means of production.  Historically, economic liberalism arose in response to mercantilism and feudalism.

Explanation:

Economic liberalism is most often associated with support for free markets and private ownership of capital assets. It contrasts with protectionism because of its support for free trade and open markets. Historically, economic liberalism arose in response to mercantilism and feudalism. Today, economic liberalism is also generally considered to be opposed to non-capitalist economic systems, such as socialism and planned economies.

Answer:

Organic Foods Co.

Bank Reconciliation

August 31

Bank Statement

Bank Statement Balance $6,210

Add:

Deposit in transit $2,740

Correction of bank error $230  

Deduct;

Outstanding Checks $2,620

Adjusted Bank Balance $6,560

Cash Book

Book Balance $7,000

No Additions;

Deduct;

NSF Check $270

Bank Service Charges $170

Adjusted Book Balance  $6,560

There will be a need to pay more than the minimum payment each month in order to pay down the principal on the student loan right away.

The Loan Principal means the initial size of the student loan that is expected to be paid back with an interest.

Hence, there will be a need to pay more than the minimum payment each month in order to pay down the principal on the student loan right away.

Therefore, the Option A is correct.

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So far in this chapter, all of the elasticity metrics have been related to the demand side of the market. Knowing how sensitive the amount given is to a change in pricing is also helpful.

Let's say there is a surge in apartment demand. There will be a dearth of flats available at the previous level of rent, which will put pressure on rents to increase. With all other factors remaining constant, the lower the rise in rent necessary to address the shortfall and restore market equilibrium, the more sensitive the supply of available flats is to changes in monthly rates. In contrast, price would need to climb more if quantity provided is less responsive to price changes, resulting in a shortage brought on by a spike in demand.

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Answer:

Sales orientation

Explanation:

Sales Orientation is a business approach of making profits by focusing on persuasion of people to buy the products instead of understanding the customer needs

1. Valmont Company should establish a selling price of $15,540 for the XP–200 using absorption cost-plus pricing.

2. The advantages mentioned are longer usage time, lower preventive maintenance costs, and lower electricity consumption.

3. If Valmont Company decides to use value-based pricing, they should consider the economic value provided to the customer and the pricing of the competitor's equipment.

4. Choosing between absorption cost-plus pricing and value-based pricing depends on various factors such as market competitiveness, customer perception, and profitability.

1. To calculate the selling price using absorption cost-plus pricing, we need to add a markup percentage to the absorption unit product cost. In this case, the absorption unit product cost is given as $8,400, and the markup percentage is 85%.

Markup = Markup percentage * Absorption unit product cost

Markup = 85% * $8,400

Markup = $7,140

Selling price = Absorption unit product cost + Markup

Selling price = $8,400 + $7,140

Selling price = $15,540

Therefore, Valmont Company should establish a selling price of $15,540 for the XP–200 using absorption cost-plus pricing.

2. To determine the economic value to the customer (EVC) over the XP–200's 20,000-hour life, we need to consider the advantages it offers compared to the competitor's equipment. The advantages mentioned are longer usage time, lower preventive maintenance costs, and lower electricity consumption.

EVC can be calculated by quantifying the monetary value of these advantages over the product's lifespan. Let's assume the following values:

Longer usage time: 5,000 additional hours compared to the competitor's equipment.

Lower preventive maintenance costs: $500 saved annually compared to the competitor's equipment.

Lower electricity consumption: $200 saved annually compared to the competitor's equipment.

EVC = (Additional usage time * Value per hour) + (Annual cost savings * Present value factor)

Using a discount rate of 10% and assuming the annual cost savings remain constant over the 20,000-hour life:

EVC = (5,000 hours * Value per hour) + ($500 * Present value factor) + ($200 * Present value factor) + ... (repeated for all 20 years)

3. If Valmont Company decides to use value-based pricing, they should consider the economic value provided to the customer and the pricing of the competitor's equipment. This involves determining a range of possible prices based on the additional value delivered by the XP–200 compared to the competitor's equipment.

To calculate the range of possible prices, you would need to assess the economic value of the XP–200 as determined in Question 2 and consider the pricing of the competitor's equipment. Without specific values and competitor pricing information, it's not possible to provide a precise range of prices.

However, Valmont Company should set the price within a range that captures a significant portion of the economic value delivered to the customer while remaining competitive in the market.

4. Choosing between absorption cost-plus pricing and value-based pricing depends on various factors such as market competitiveness, customer perception, and profitability. Here are some considerations for Valmont's managers:

Absorption cost-plus pricing:

Pros: This approach ensures that all costs, including fixed and variable costs, are covered. It provides a straightforward calculation for determining the selling price and ensures profitability.

Cons: It does not directly consider the economic value delivered to the customer or the pricing of the competitor's equipment. This approach may not reflect the true value of the XP–200 to customers, potentially leading to pricing that is not aligned with customer expectations or market conditions.

Value-based pricing:

Pros: This approach considers the economic value provided to the customer, allowing the price to be based on the perceived value rather than just the cost. It aligns the price with the customer's willingness to pay and can capture the full value delivered by the XP–200.

Cons: It may be more challenging to quantify and communicate the economic value to customers. Determining the optimal price range requires a thorough understanding of customer preferences, competitor pricing, and market dynamics.

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Based on the options given of different cashflows, the offer you should accept is Birr 10,000 in 12 year.

Find the present values of each offer:

Offer 1:

= Birr 1,000

Offer 2:

= 10,000 / 1.11¹²

= Birr 2,858.41

Offer 3:

= 25,000 / 1.11²⁵

= Birr 1,840.20

The offer with the highest present value is the second offer of Birr 10,000 in 12 years.

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Answer:

Multinational Food Manufacturer!

Explanation:

Got it right on Quiz 2022

The two segments that are part of a Marketing Plan are: A. Demographic and B. Psychographic segments.

The four major segments are:

Thus, the two segments that are part of the Marketing Plan are demographic and psychographic, while income and loyalty are ingredients in the segments.

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Answer: Demographic

Psychographic

Explanation:

Answer:

Option B; Creating face-to-face interviews

Explanation:

Research has shown that face-to-face interviews tend to produce more accurate results when giving a survey. So the correct answer is option B.

The circumstances that could make a property insurance claim to be rejected are policy exclusions, failure to disclose information, non-payment of premiums, lack of coverage, policy conditions not met, misrepresentation or fraud, and wear and tear or maintenance issues.

Property insurance claims can be rejected for various reasons. While the specific circumstances may vary depending on the policy and insurance provider, here are some common situations in which a property insurance claim may be denied:

1. Policy exclusions: Insurance policies typically have specific exclusions listed in the terms and conditions. If the cause of damage or loss falls within these exclusions, the claim may be rejected. Common exclusions include acts of war, intentional acts, neglect or lack of maintenance, and certain natural disasters not covered by the policy.

2. Failure to disclose information: When applying for property insurance, it's crucial to provide accurate and complete information. If the insured fails to disclose relevant details about the property or provides false information, the claim could be denied. For example, if a homeowner fails to disclose a previous claim or provides inaccurate details about the property's security features, the claim may be rejected.

3. Non-payment of premiums: Insurance policies require regular premium payments to remain in force. If the insured fails to pay premiums within the grace period, the coverage may lapse, and any subsequent claims may be denied.

4. Lack of coverage: Insurance policies have specific coverage limits and deductibles. If the claimed loss exceeds the policy's coverage limit or falls below the deductible amount, the claim may be rejected or only partially paid.

5. Policy conditions not met: Insurance policies often have conditions that must be met to validate a claim. For example, the insured may be required to notify the insurance company promptly after the loss occurs, provide documentation and evidence of the damage, and cooperate fully during the claim investigation process. Failure to meet these conditions could result in claim denial.

6. Misrepresentation or fraud: If the insurance company determines that the insured intentionally misrepresented information or engaged in fraudulent activities to obtain coverage or make a claim, the claim will likely be rejected. This includes submitting falsified documents, inflating the value of the claimed items, or staging the loss.

7. Wear and tear or maintenance issues: Property insurance typically covers sudden and accidental damage rather than damage resulting from wear and tear, lack of maintenance, or pre-existing conditions. If the insurer determines that the damage is a result of normal wear and tear or inadequate maintenance, the claim may be denied.

It's important to carefully review the terms and conditions of your insurance policy and promptly report any losses to your insurance company to maximize the chances of a successful claim.

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Answer: inventory account

Explanation:

To complete the financial statements of Omega Company for the year ended June 30, 2001, we can use the provided ratios and additional information.

A. Net Profit to Sales Ratio = 5%

Net Profit = Net Profit to Sales Ratio * Sales

Net Profit = 0.05 * $2,000,000 = $100,000

B. Current Ratio = 1.5

Current Assets = Current Ratio * Total Liabilities

Total Liabilities = $60,000 (sundry creditors)

Current Assets = 1.5 * $60,000 = $90,000

C. Return on Net Worth = 20%

Net Worth = Net Profit / Return on Net Worth

Net Worth = $100,000 / 0.2 = $500,000

D. Inventory Turnover = 15

Cost of Goods Sold = Sales / Inventory Turnover

Cost of Goods Sold = $2,000,000 / 15 = $133,333

E. Share Capital to Reserve Ratio = 4:1

Share Capital = (4 / 5) * Reserve and Surplus

Share Capital = (4 / 5) * Net Worth = (4 / 5) * $500,000 = $400,000

Reserve and Surplus = $500,000 - $400,000 = $100,000

F. Tax Rate = 50%

Income Tax = Tax Rate * Net Profit

Income Tax = 0.5 * $100,000 = $50,000

Now we can complete the financial statements:

Omega Company Income Statement for the year ended June 30, 2001:

Sales: $2,000,000

Cost of Goods Sold: $600,000

Gross Profit: $1,400,000

Operating Expenses: $1,190,000

Earnings Before Interest and Tax: $210,000 (Gross Profit - Operating Expenses)

Debenture Interest: $10,000

Income Tax: $50,000

Net Profit: $100,000 (Earnings Before Interest and Tax - Debenture Interest - Income Tax)

Omega Company Balance Sheet as of June 30, 2001:

Assets:

Cash: To be determined

Stocks: To be determined

Debtors: To be determined

Fixed Assets: To be determined

Total Assets: To be determined

Liabilities:

Sundry Creditors: $60,000

10% Debentures: To be determined

Total Liabilities: To be determined

Equity:

Share Capital: $400,000

Reserve and Surplus: $100,000

Total Liability and Equity: To be determined

Please note that the values for Cash, Stocks, Debtors, Fixed Assets, 10% Debentures, Total Assets, Total Liabilities, and Total Liability and Equity need to be provided in order to complete the financial statements accurately.

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Answer:

a) $8,000

Explanation:

The tax rate is 20% of the dividend. If the dividend is $1 per share, the actual tax per share is 20 percent of $1.

=20/100 x $1

=0.2 x$1

=20cents per share

A shareholder will receive $1- 20 cents as dividends per share

=80 cents or $0.80 per share.

A shareholder with 10,000 shares will get

=10,000 x $.80

=$8,000

Answer:

$8000

Explanation:

Answer: The Philippines has a mixed economic system which includes a variety of private freedom, combined with centralized economic planning and government regulation. Philippines is a member of the Asia-Pacific Economic Cooperation (APEC) and the Association of Southeast Asian Nations (ASEAN).

Explanation:

There are many different types of economic systems used throughout the world. Some examples are socialism, communism, and capitalism.

Answer: Miley Cyrus

Explanation:

If this person wants more money for rent, they could consider adjusting their deductions for housing-related expenses, such as mortgage interest.

One specific deduction they could change is the deduction for mortgage interest. By increasing their mortgage interest deduction, they could potentially lower their taxable income and reduce their overall tax liability. This would result in more disposable income that could be allocated towards rent.

The mortgage interest deduction allows taxpayers to deduct the interest paid on their mortgage loans. By increasing the amount of mortgage interest they can deduct, the person can potentially lower their taxable income and decrease the amount of taxes owed. This would free up more money that could be used to cover the cost of rent.

It's important to note that individual circumstances and tax laws vary, so it is advisable for this person to consult with a tax professional or accountant to fully understand their options and ensure compliance with tax regulations.

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Relevant Question:

At the end of May, the following adjustment data were assembled.  

a. Merchandise inventory on May 31 $585,200

b. Insurance expired during the year 12,000

c. Store supplies on hand on May 31 4,000

d. Depreciation for the current year 14,000

e. Accrued salaries on May 31: Sales salaries $7,000 Office salaries 6,600 13,600

f. The adjustment for customer refunds and allowances is $60,000.

Stores Supplies at the beginning of May is $11,400.

Journalize the adjusting entries.  If an amount box does not require an entry, leave it blank.

Answer:

Journal Entries:

a. No Journal Entry

b. Debit Insurance Expense $12,000

Credit Prepaid Insurance $12,000

To record the insurance expense for the year.

c. Debit Supplies Expense $7,400

Credit Store Supplies $7,400

To record the supplies expense ($11,400 - $4,000) for the year.

d. Debit Depreciation Expense $14,000

Credit Accumulated Depreciation $14,000

To record the depreciation expense for the year.

e. Debit Sales Salaries Expense $7,000

   Debit Office Salaries Expense $6,600

Credit Salaries Payable $13,600

To record the accrued salaries for the year.

f. Debit Customer Refunds and Allowances Expenses $60,000

Credit Customer Refunds and Allowances $60,000

To record the expense for customer refunds and allowances.

Explanation:

The journal entries record the business transactions as they occur daily.  Accounts are identified based on the accounting equation and the double-entry system of accounting.  For every transaction, two or more accounts are recorded, with some debited and others credited accordingly.

Answer:

It's c, apprenticenship

The scenario that describes the highest level of productivity is option D. Producing 5 chairs using resources that cost $100. Calculating the highest productivity:

For A. The cost should be $400 for 50 chairs so per chair should be = $400 ÷ 50 = 8. For B. The cost should be $150 for 15 chairs so per chair should be = $150 ÷ 15 = 10. For C. The cost should be $100 for 5 chairs so per chair should be = $100 ÷ 5 = 20. and For D. The cost should be $200 for 100 chairs so per chair should be = $200 ÷ 100 = 2

Productivity is the efficiency of production of goods or services expressed by some measure. Measurements of productivity are often expressed as a ratio of an aggregate output to a single input or an aggregate input used in a production process, i.e. output per unit of input, typically over a specific period of time.

Therefore, the correct answer is option D.

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Investing in long-term U.S. government bonds carries almost zero danger of principal loss. The United States government may "print" money as needed to pay down current debt obligations since it has a stellar credit rating and payback record.

A national government will issue bonds, often known as sovereign bonds or government bonds, to finance its spending. It often comprises a promise to repay the face amount on the maturity date and to pay periodic interest, known as coupon payments.

Considering that the government backs them, government bonds are regarded as low-risk investments. The numerous bond kinds that the U.S. Treasury offers are regarded as some of the safest in the entire world. Government bonds often offer low interest rates due to their minimal risk.

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Many businesses incorporate in Delaware because:

In 2020, the state saw an additional 250,000 new businesses register in the state which pushes the total number of businesses to over 1.6 million. The state become recognized as a corporate paradise and is “home” to such famous firms as Ama-zon, Go-ogle, Tesla, Walmart, American Express, Di-sney etc.

Despite being the second smallest state, it also seem odd that Delaware became the business mecca it is today. Its has been incentivizing businesses to stay with lenient tax policies, reduced restrictions and simplified corporate laws. In conclusion, the key benefits to incorporating in Delaware are tax benefits, privacy, expediency, simplified structure and the corporation court.

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Answer:

AR>MR

--------------------------------------

WHERE ARE THE OPTIONS.

The answer is social paternalism. The investors who removed their funds of a retirement fund when the fund manager started to gamble the money in casino were involved in following social paternalism.

Paternalism is the act of interfering with another person's autonomy or liberty with the goal of improving or protecting that person. Laws requiring seat belts, requiring helmet use while operating a motorbike, and outlawing specific narcotics are examples of paternalism in daily life.

Paternalism, which is defined as making a decision that is in the patient's best interest but without the patient's consent, is a crucial value in ethical decision-making because it provides a counterbalance to other values.

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