Suppose that there are two cities that are alike in every way except that one city has significantly better weather than the other city. Call the city with good weather Good-Weather City (GWC) and the other Bad-Weather City (BWC). Assume that the median price of a home in the two cities is originally the same. If the marginal utility of living in GWC is 500 and the marginal utility of living in BWC is 300, to make themselves better off economic theory tells us that

Answers

Answer 1

If the marginal utility of living in GWC is 500 and the marginal utility of living in BWC is 300, to make themselves better off economic theory tells us that at least some people will move from BWC to GWC, which will make housing prices rise in GWC and fall in BWC, option (A) is correct.

Economic theory suggests that individuals will seek to maximize their utility, and since living in GWC provides a higher marginal utility than living in BWC, some people will choose to move from BWC to GWC. This increase in demand for housing in GWC will cause prices to rise, while the decrease in demand for housing in BWC will cause prices to fall.

The movement of people will continue until the marginal utility of living in both cities is equalized, at which point the price differential between the two cities will reflect the difference in the marginal utility of living in each city, option (A) is correct.

To learn more about economic the link:

https://brainly.com/question/14787713

#SPJ4

The correct question is:

Suppose that there are two cities that are alike in every way except that one city has significantly better weather than the other city. Call the city with good weather Good-Weather City (GWC) and the other Bad-Weather City (BWC). Assume that the median price of a home in the two cities is originally the same. If the marginal utility of living in GWC is 500 and the marginal utility of living in BWC is 300, to make themselves better off economic theory tells us that:

A) at least some people will move from BWC to GWC, which will make housing prices rise in GWC and fall in BWC.

B) at least some people will move from BWC to GWC, which will make housing prices rise in GWC and BWC.

C) at least some people will move from GWC to BWC, which will make housing prices rise in BWC and GWC.

D) at least some people will move from GWC to BWC, which will make housing prices rise in BWC and fall in GWC.


Related Questions

When considering risk response development, passing risk to another party instead of changing it is known as ____________ the risk.A. diminishingB. avoidingC. escalatingD. transferringE. retaining

Answers

When considering risk response development, passing the risk to another party instead of changing it is known as transferring the risk. Option D is the correct answer.

The main objective of the risk response is to get the risk to an acceptable level or to eliminate the risk. The identified risk is then evaluated using a qualitative or quantitative approach, and risk response planning takes place. The response plan outlines how the risk will be addressed. The purpose of the plan is to identify the actions that will be taken to mitigate, eliminate, transfer, or accept the risk. Risk transfer is one of the strategies employed in the risk response plan.

Risk transfer is a risk mitigation technique in which the risk is shifted from one entity to another. The ownership of the risk is shifted to a third party or a contractual arrangement. An insurance policy is one of the most prevalent examples of transferring risk. An organization can obtain insurance coverage to transfer risk. If a company is concerned about the financial impact of losing a key staff member, for example, it might buy key person insurance to offset the financial loss in the event of a death or disability.

Option D is the correct answer.

Learn more about risk mitigation at https://brainly.com/question/23971370

#SPJ11

What refers to a number constant that appears in code without explanation?

Answers

Magic number refers to a number constant that appears in code without explanation.

A magic number is a numeric constant in computer programming that appears in code without explanation or a clear reason for its specific value.

It is often used as a placeholder or hard-coded value in algorithms or programs and can make the code difficult to understand, maintain, and modify.

For example, a programmer might use the number "7" as a magic number in a code snippet to determine the size of an array, but the reader of the code would not understand the significance of "7" without additional context.

To improve the readability and maintainability of code, it is generally recommended to avoid using magic numbers and to instead assign the values to descriptive, meaningful constants or variables. This makes it easier for other programmers to understand the purpose of the code and to make changes if necessary.

For example, instead of using the magic number "7" to determine the size of an array, the programmer could create a constant named "ARRAY_SIZE" and assign it the value "7." This way, the reader of the code would immediately understand the purpose of the constant and its value.

To know more about Magic number here:

https://brainly.com/question/28764583#

#SPJ11

Which of the following recruitment step is demonstrated by placing an ad
within the classifieds section of a newspaper?
A. Determine availability of qualified candidates
B. Post job and implement recruitment plan
C. Develop position description
D. Identify open positions and evaluate need

Answers

Answer:

D

Explanation:

Changing the method of inventory valuation should be reported in the financial statements under what qualitative characteristic of accounting information

Answers

Answer:

These are the answer choices for the question:

a. Consistency

b. Verifiability

c. Timeliness

d. Comparability

And this is the correct answer choice:

a. Consistency

Explanation:

Consistency is the qualitative characteristic of accounting information that allows an investor, a stockholder, or a government official, to look at accounting data and establish that the quantities presented are all obtained in a consisten manner depending on the type of account.

This means that if cash is resported in dollars, all cash and cash equivalents are reported in dollars, and that if inventory is reported under a specific system, if that system is changed at any point in the future, stakeholders are informed.

Tickets to a fundraiser are $14 if purchased ahead of time and $25 if purchased at the door. The total amount raised from all ticket sales was $625. If eleven tickets were purchased at the door, how many tickets were purchased ahead of time?.

Answers

25 tickets

($14)(25)=$350
($25)(11)=$275
$350+$275= $625

Tommy agrees to buy a house for $84,500. He pays $2,000 as earnest money and obtains a new mortgage loan for $67,600. The purchase contract provides for a Mar. 15 settlement. Tommy and the sellers prorate the present year's real estate taxes of $1,880.96, which have been paid. The buyer is responsible for the day of closing. Tommy has additional closing costs of $1250. Using the "actual number of days" method, how much cash must Tommy bring to the settlement?

Answers

Answer: $17,654.97

Explanation:

In order to solve the question, the first thing to do is to count the number of days from March 15 to Dec. 31. In this case, we will have 292 days.

Then we get the daily rate which will be:

= $1,880.96/365

= $5.153.

Then, we multiply the daily rate of $5.153 by the number of days which will be:

= $5153 × 292 days

= $1,504.97.

Then, we calculate the down payment, which will be:

= $84,500 - $67,600

= $16,900

We then deduct the $2,000 that has already been paid. This will be:

= $16900 - $2000

= $14900

Adding together all the values then the total cash that Tommy must bring to the settlement will be:

= $14900 + $1,504.97 + $1,250

= $17,654.97

Company policies and rules:________
1. motivator hygiene
2. earned recognition
3. importance of responsibility

Answers

Company policies and rules motivates hygiene, and importance of responsibility.

In a company, hygiene topics include company policies, salary, supervision, interpersonal relations and working conditions. Thus, they are issues related to the employee's environment. Motivation factors increase job satisfaction while the presence of hygiene factors prevent job dissatisfaction.

Hygiene factors are important and good to have factors of motivation in an organization, as it further motivate the employee if they are given to the employee. Thus, the lack of presence of hygiene factors, will leave the employee dissatisfied, and will reduce his/her ability to perform well.

Hence, these factors increase an employee's overall motivation to perform their duties at work.

To learn more about hygiene here:

https://brainly.com/question/13538195

#SPJ4

You are the executive director of the local animal humane society. A staff member you supervise has been working at the society for less than one year. At the 6-month, you discuss with this employee that they seem to have mastered the basic tasks of the job but not the more difficult tasks. You have noticed lately that they seem a bit disillusioned about the job and the process of caring for these animals that seem so sad to be in the facility. Based on the Situational Leadership Approach, which leadership style should you exhibit

Answers

Answer: Delegation

Explanation:

Delegation is one of the beauty of leadership. When a leader leads and wants to do everything, those under him would find it growing or come out of their shells but delegation would bring them out of those shell, expose them and expose or display the leader in them.

Another thing delegation does while making people lead is that it makes them value the products, job or organization than how they saw it previously.

As an executive director, I would love to delegate so they take those tough roles important

Samad & Associates was assigned to conduct an audit for Soya Manis Sdn Bhd. The fieldwork for the year ended 30th June 2021, audit of Soya Manis Sdn Bhd was completed on 19th August 2021. The completed financial statements, accompanied by the signed audit reports, were mailed on 6th September 2021. The following are highly material independent event occurred:
a. On 6th August 2021, the auditor discovered that Soya Manis Sdn Bhd's debtor went bankrupt on 30th July 2021. The cause of the bankruptcy was an unexpected loss of a major lawsuit on 15th July 2021, resulting from a product deficiency suit by a different customer.
b. On 14th December 2021, the auditor discovered that a debtor of Soya Manis Sdn Bhd went bankrupt on 15th July 2021 due to declining financial health caused by pandemic COVID-19. The sale generating the receivable had taken place on 15th January 2021.
c. On 20th July 2016, Soya Manis Sdn Bhd settled a lawsuit out of court that had originated in 2014 and is currently listed as a contingent liability.
d. On 20th July 2021, a lawsuit was filed against Soya Manis Sdn Bhd for a patent infringement action that allegedly took place in early 2021. In the opinion of legal counsel, there is a danger of a significant loss to the client.
Required:
ISA 560 Subsequent Events emphasizes that auditor should consider the effect of subsequent events on the financial statement.
a) Evaluate each of the highly material independent events and decide the auditor's appropriate action with proper justification. Give reason for each of your decision. b) Distinguish between the two (2) types of subsequent events.

Answers

Execute processes to gather adequate audit evidence proving that all occurrences calling for adjustment or disclosure have been located.

A)

There are two sorts of these events:

Adjusting Event:

Decide if the financial statement needs to be modified.

Find out how management plans to modify the issue in the financial statement.

Non-Adjusting Events:

The discovery of the debtor's bankruptcy in the aforementioned situation is a subsequent occurrence, but IAS 10 does not call for any changes.

B)

Adjusting Event:

After the reporting date, things happen that make the circumstances present on the balance sheet date.

Non-Adjusting Events:

After the reporting date, things happen that don't reflect the circumstances that existed at the time of the balance sheet.

Learn more about auditor, here:

https://brainly.com/question/28335430

#SPJ4

the market system fails to provide the efficient output of public goods because:

Answers

Public goods are goods and services that are non-excludable and non-rivalrous, meaning that their consumption by one individual does not reduce their availability to others.

Due to their nature, public goods cannot be efficiently provided by the market system. This is because private firms will not produce public goods as they cannot charge consumers for their use. As a result, public goods tend to be under-produced or not produced at all in the absence of government intervention.

Furthermore, the provision of public goods is subject to the free rider problem. Free riders are individuals who benefit from the provision of a public good without contributing to its cost. Since public goods cannot be excluded, individuals have no incentive to pay for them voluntarily.

This leads to a situation where the optimal level of public goods is not produced because the cost of providing them is not shared fairly among all those who benefit from their consumption. As a result, governments often have to intervene and provide public goods to ensure that the economy is efficient and all members of society benefit.

To learn more about Public goods click here :

brainly.com/question/6351263

#SPJ11

Which of the following is NOT an organization to protect consumers?
The American Red Cross
The U.S. Food and Drug Administration
Federal Trade Commission
Better Business Bureau

Answers

Better business bureau

Answer:

It might be D- whic

1. According to Wallach, what is short-termism, and why is it a problem?

I WILL GIVE YOU 100 POINTS AND BRAINLEST

Answers

I inferred you are to the 2017 TEDx talk "Short-termism is killing us: it's time for Long path" by Ari Wallach.

Explanation:

According to Wallach, he refers to short-termism as focusing on short-term results at the expense of long-term interests.

In his words, short-termism is a problem because;

"it prevents the CEO from buying really expensive safety equipment""prevents teachers from spending quality one-on-one time with their students".

So in summary what Wallach is saying is that short-termism prevents futuristic thinking.

why is training important for a good job?plz answer​

Answers

the employee who receives the necessary training is more able to perform in their job. ... A training program allows you to strengthen those skills that each employee needs to improve. A development program brings all employees to a higher level so they all have similar skills and knowledge.
Advantages of training

Increased job satisfaction and morale among employees.
Increased employee motivation.
Increased efficiencies in processes, resulting in financial gain.
Increased capacity to adopt new technologies and methods.
Increased innovation in strategies and products.

which of the following is an important number to remember when seeking employment

Answers

social security number

Answer: social security number is correct

Explanation:

The financial statement that reports the changes in the retained earnings and common stock for a period of time is known as the.

Answers

The statement of owner's equity—also called the statement of retained earnings—shows the change in retained earnings between the start and end of a period (e.g., a month or a year). The record reflects a company's solvency and financial position.

What are the three financial statements?

The earnings report , record , and statement of money flows are required financial statements. These three statements are informative tools that traders can use to research a company's financial strength and provide a quick picture of a company's financial health and underlying value.

What is the statement of retained earnings ?

Reports the way that net and the distribution of dividends affected the financial position of the company during the accounting period. the sum of the share of net income which is not paid to the shareholder as dividend. the aim of the retained earnings is reinvestment

Learn more about financial statement:

brainly.com/question/26240841

#SPJ4

if the expected rate of inflation is 3 percent and the bank charges 5 percent interest for a loan, which of the following is true? a. the real interest rate is 8 percent. b. the nominal interest rate is 3 percent. c. the real interest rate is 2 percent. d. the bank will benefit if actual inflation is higher than 3 percent

Answers

c. the real interest rate is 2 percent. The actual interest rate is 2 percent if the predicted inflation rate is 3 percent and the bank charges 5 percent for a loan.

The nominal interest rate, which is what the bank charges, is 5%. A 3 percent projected rate of inflation suggests that over time, the value of money will decline by 3 percent. This formula may be used to get the real interest rate: Real interest rate is calculated as Nominal interest rate minus Expected inflation rate.

Real interest rate = 3% minus 5%

2% is the real interest rate.

Thus, c is the right response. Real interest rates currently stand at 2%. This indicates that after accounting for inflation, the borrower will in fact pay 2% interest on the loan. Option d is erroneous because, if actual inflation is more than 3%, the bank would really lose out since their real interest income will decline.

learn more about interest rate here:

https://brainly.com/question/13324776

#SPJ4

What would happen if you had $30 in your checking account and you tried to take out $45 at the grocery store using your debit card?

Answers

Answer:

I believe that the transaction would fail giving you some text similer to "Transaction failed, please try again." or "Insufficient funds."

Sonia has often thought of going into business for herself. She has had a lot of great ideas.
They must have been great, she thinks, because other people have made a lot of money with
similar concepts. Sonia just never seems to get started on putting her ideas to work.
What should Sonia do if she wants to turn her ideas into reality? What entrepreneurial
characteristic does she need to develop? Why is it important to all entrepreneurs?

Answers

Answer:

needs to make a business plan . it is important to all entrepreneurs because it helps them plan out their future for thier buisness like their customers and if they will go into debt

Sonia should start by laying out a plan for her business. Planning is  important as it is a  detailed document outlining a company's objectives and how it intends to achieve them.

What are entrepreneurial characteristic ?

The four key characteristics: vision, passion, adaptability .

Vision-  Innovation cannot occur without vision, the ability to not only recognize opportunity and connect dots, but also to question why a solution to a problem does not exist.

Enthusiasm- Entrepreneurs are incredibly passionate and mission-driven. They have an unshakeable sense of purpose and an innate ability to lead from the heart.

Adaptability-  Adaptability is required of entrepreneurs. We live in a highly dynamic world where economic and other conditions change very quickly and are generally beyond our control.

To learn more about entrepreneurial characteristic

https://brainly.com/question/5113089

#SPJ5

Where federal and provincial legislation conflicts, may require that the federal law be upheld and the provincial law no longer apply to extent that it conflicts with the federal law. Select the best answer. a. S.1
b. parliamentary supremacy
c. S.92 d. paramountcy e. division of powers.

Answers

The answer is "d. paramountcy." Precedence applies in Canada when federal and provincial laws disagree.

Federal law supersedes provincial law under the doctrine of paramountcy. This principle comes from the Constitution Act, of 1867, which divides powers between the federal and provincial governments. According to section 91, generally known as S.91, the federal government has jurisdiction over some areas, while the provincial governments have control over others. However, the paramountcy theory assures that federal law triumphs and provincial law no longer applies to the extent of the disagreement. Thus, "d. paramountcy" correctly reflects Canada's legal concept for resolving conflicts between federal and provincial laws.

To know more about federal

https://brainly.com/question/25817380

#SPJ11

Discuss whether or not a firm will benefit from an incr ease in its output.

Answers

Benefit : economies of scale
Explanation: if a firm manages to grow their level of output and reduce their cost of production at the same time they may benefit from economies of scale such as purchasing economies of scale or financial economies of scale , therefore they would be able to reinvest the increased profit into their business and develop new products which will help them have a wider customer base by reaching different segments of the market.

True or False, intangible benefits of an information system are those that cannot be easily quantified.

Answers

The statement is Intangible benefits of an information system are those that cannot be easily quantified True. These benefits are typically subjective and difficult to measure in monetary terms.

They are often related to factors such as improved decision-making, enhanced communication, increased customer satisfaction, and better organizational efficiency.

Unlike tangible benefits, which can be expressed in concrete terms such as cost savings or increased revenue, intangible benefits are more qualitative in nature and focus on the overall impact and value that an information system brings to an organization. While they may be harder to measure and assign a specific financial value to, they are still valuable and important for organizations.

Examples of intangible benefits of an information system include:

Improved collaboration and knowledge sharing among employees, leading to better teamwork and innovation.

Enhanced customer experience and satisfaction through personalized services or streamlined processes.

Increased data accuracy and reliability, reducing errors and improving the quality of decision-making.

Enhanced organizational reputation and brand image as a result of effective use of technology.

Improved employee morale and job satisfaction due to a more efficient and user-friendly system.

Although intangible benefits may not be easily quantifiable, they are recognized as significant contributors to an organization's success and can have a profound impact on its overall performance and competitiveness.

Know more about monetary terms here:

https://brainly.com/question/8976444

#SPJ11

common lit capataliasmn-Which phrase best describes the relarionship between workers and bussiness owners in capatalists cociety

Answers

Answer:

In order for the government to be able to help with a problem, the problem must be brought to the proper of government and the proper.In order for the government to be able to help with a problem, the problem must be brought to the proper of government and the proper.

Explanation:

_____ is the amount of money remaining from a firm's sales revenue after it deducts production costs, interest costs, and taxes.

Answers

The amount of money remaining from a firm's sales revenue after it deducts production costs, interest costs, and taxes is: Profit.

Profit can be defined as the amount of money earned after deducting all expenses.

A business or organization objective is to generate profit, therefore any amount a company earned from the sales of goods and service after deducting all expenses all after deducting all the production cost is called profit.

In another word profit is the revenue generated after paying out all costs such as:

Interest costsTaxesLabor costsMaterial costs  etc

Inconclusion the amount of money remaining from a firm's sales revenue after it deducts production costs, interest costs, and taxes is: Profit.

Learn more about profit here:https://brainly.com/question/1078746

Which statement describes the relationship between risk and returns?
a) higher risks often leads to lower potential returns.
b) higher riskes often leads to higher potential returns.
c) lower risks often leads to higher potential returns.
d) moderate risks often leads to highest potential returns.

Answers

Answer:

B) higher riskes often leads to higher potential returns.

Explanation:

A reversing entry is O A. a journal entry used to close the temporary accounts after preparation of financial statements O B. a journal entry prepared at the end of an accounting period to match assets with liabilities O C. a special journal entry used to make the adjustments that took place after preparing the trial balance O D. a special journal entry that eases the burden of accounting for transactions in the next period
Previous question

Answers

A reversing entry is a special journal entry that eases the burden of accounting for transactions in the next period. option d is correct.

It is a type of adjusting entry that is prepared at the beginning of the next accounting period to reverse the effects of certain adjusting entries made in the previous period. Reversing entries are typically used for accruals and deferrals, such as prepaid expenses, unearned revenues, and accrued expenses. By reversing these entries, it simplifies the process of recording the subsequent transactions in the next accounting period. This helps to ensure that the financial statements are accurate and up-to-date, and that there is a smooth transition between accounting periods.

To know more about reversing entry visit :-

https://brainly.com/question/28548597

#SPJ11

dan rents a boat slip in a very popular florida marina. when dan falls behind on his monthly payments to the marina, dan's brother, nelson, steps in and takes over dan's arrangement with the marina. why is this considered a novation? a. nelson is now an incidental beneficiary. b. a new agreement has been entered between nelson and the marina. c. the marina is still considered the obligor to enforce the agreement. d. dan has found a donor beneficiary.

Answers

B. A new agreement has been entered between Nelson and the Marina.

What is novation? Novation is a legal term that refers to the substitution of one contract for another. Novation involves the transfer of all rights and obligations from an existing contract to a new agreement, usually between two of the same parties. This process can involve a third party, known as the “novationee,” who takes on the obligations of the original contract. Novation is typically used to replace an existing contract with a new one that is better suited to the parties' current needs. It is often used in the context of commercial transactions, such as mergers and acquisitions, or to modify an existing contract to accommodate changes in the parties' circumstances. Novation is a powerful tool for parties to alter the terms of a contract without invalidating the original agreement. Novation can also be used to terminate existing contracts and replace them with new ones. In these cases, the parties must agree to the new contract, and the original contract will be considered null and void.

To learn more about novation refer to:

https://brainly.com/question/29852590

#SPJ4

Section three of a business plan describes which of the following?
A. Business description and analysis
B. Organization and marketing plan
C. Financial plan
D. Promotional activities

Answers

Answer:

B. organization and marketing plan

Section three of a business plan describes Organization and marketing plan. Thus option B is correct.

What is a business plan?

A business plan is an outline that describes in great depth the goals and the company's goals. A business plan outlines a documented strategy for the company's operations, finances, and branding.

Management and marketing strategy are covered in Section 3 of a marketing strategy. a statement of your company and the particular customer issue you are solving, so the reader knows what you are attempting to accomplish.

The process of determining a company's purpose for being, identifying objectives targeted at attaining its maximum capabilities, and developing progressively distinct duties to achieve those objectives is known as organizational planning.

Therefore, option B is the correct option.

Learn more about the business plan, Here:

https://brainly.com/question/15826604

#SPJ2

Research cultural business communication etiquette for a country outside of the USA, and list 5 tips for successful cultural communication and etiquette in a business setting. Include the name of your country, the 5 tips (bulleted statements) and the website URL of your research used.

Research cultural business communication etiquette for a country outside of the USA, and list 5 tips

Answers

Answer:

wow

Explanation:

Camino Jet Engines Corporation (Continued)
The company built eight (8) CJE-27 jet engines to satisfy a special order. Upon inspection, the engines were determined to be defective. The company now must decide between scrapping these engines or reworking them to meet the specifications of the buyer. Each engine cost $650,000 per unit to manufacture. The engines can be sold as scrap (spare parts) for $325,000 each or they can be reworked for $350,000 each and sold for the full price of $1,100,000 each. If the defective engines are scrapped, the company could build 8 more engines to satisfy the special order. The new engines could then be sold at the full price. If the company chose to rework, it would not be able to build the new engines.
Required:
Calculate the incremental income from selling the engines as scrap.
Calculate the relevant benefits and relevant costs for reworking and selling the units, including opportunity costs.
Decide whether the company should scrap or rework the engines.
Explain your reasoning and show your calculations.

Answers

To calculate the incremental income from selling the engines as scrap, we need to consider the revenue from selling the engines as scrap and the cost of manufacturing the engines. Incremental income from selling the engines as scrap is given as follows:

Incremental income = Revenue from selling as scrap - Manufacturing cost per unit × Number of units= ($325,000 × 8) - ($650,000 × 8)= $2,600,000 - $5,200,000= -$2,600,000 (a loss)

The relevant benefits of reworking and selling the units include revenue from selling the units and the relevant cost of reworking the units.

Relevant benefits and costs of reworking the units are given as follows:

Relevant Benefits: Revenue from selling = Sales price per unit × Number of units= $1,100,000 × 8= $8,800,000

Relevant Costs: C

ost of reworking = Reworking cost per unit × Number of units= $350,000 × 8= $2,800,000

Opportunity Cost: The cost of reworking and selling the units also includes opportunity cost, which is the revenue from selling new units if the defective engines are scrapped.

Revenue from new units = Sales price per unit × Number of units= $1,100,000 × 8= $8,800,000

The company can either scrap the engines or rework them.

Based on the calculations above, it is better for the company to scrap the engines, as it will lead to a lower loss (-$2,600,000) than reworking them ($8,800,000 - $2,800,000 = $6,000,000).

Additionally, if the engines are scrapped, the company could build new engines, which would generate more revenue than reworking the defective engines.

Therefore, the company should scrap the engines.

For more questions on: income

https://brainly.com/question/30157678

#SPJ8    

Dana has saved $1,200,000 in an account. Her goal is to have 1,500,000 saved up to use as down payment on a house in the next 5 years. If her money is sitting in an account earning 2.50% per year, would Rhonda be able to meet her goal of $1,500,000 in 5 years? (5 marks) d. Jane is considering purchasing her dream car at the end of six years. Her bank is paying 0.625% per month, how much would she need to invest today to meet her objective?

Answers

a. Dana would not be able to meet her goal of $1,500,000 in 5 years with an account earning 2.50% per year.

b. The specific amount Jane would need to invest today to meet her objective cannot be determined without additional information.

a. To determine if Dana can reach her goal, we can calculate the future value of her savings using compound interest. Assuming the interest is compounded annually, with an initial amount of $1,200,000, an interest rate of 2.50%, and a time period of 5 years, the future value would be less than $1,500,000, indicating she would not meet her goal.

b. To calculate the specific amount Jane would need to invest today, we would need to know the desired future value, the interest rate, and the time period. With only the bank's interest rate of 0.625% per month provided, we cannot determine the required initial investment without additional information.

For more questions like Investment click the link below:

https://brainly.com/question/17252319

#SPJ11

Other Questions
You can tell that this is a memoir because you learnA. Goliath's view of Goodall.B. information from Goodall's friends.C. facts about the environment.D. Goodall's thoughts and feelings. please helpanswer choices A. (-5, 2)B. (5, 2)C. (2, -5)D (-2, 5) a ladder 7.5m long rests against a wall . the botton of ladder is 2.1m from the wall . calculate how far the ladder reaches up the wall.PLEASE SOLVE THIS QUESTION!! 5. Martha has the utility function U= min{0.5x, 4y). Write down her demand function for y as a function of the variables I, Px, and Py, where I is income, Px is the price of x, and Py is the price of y. a nurse is providing teaching about the adverse effects of ergotamine to a client who has migraine headaches. which of the following adverse effects should the nurse include in the teaching? A. Increases the risk for seizure activityB. Provides a form of aversion therapyC. Decreased cravingsD. Results in mild hypertension Question 3 (1 point)What is the correct solution for the following addition, reported to the correctnumber of significant digits? Assume all numbers are measurements.3001+ 20.3 +0.009a) 3021b) 3021.3c) 3021.309d) 3021.30 . Compare the value of the 4's in this number64,432Write your statement Which version of the sentence uses the preposition to show location? O The unexpected blackout occurred near the masquerade ball O The unexpected blackout occurred before the masquerade ball OThe unexpected blackout occurred during the masquerade ball OThe unexpected blackout occurred after the masquerade ball. Please need help fast what is the answer to this show that v is an eigenvector of A and find the corresponding eigenvalue, . A= [ 1 2 ], v = [ 9 ][ 2 1] [-9 ] = _____ Which of the following is an example of a run-on sentence?The dog is in serious need of a bath.He stinks every time he goes outside.Please help me wash him, he's dirty.I'll get the soap, and you get the tub. Why did portugal supply weapons to the nationalists in spain? oa.to establish communism ob.to establish democracy oc.to support fascism Zippo dot com, inc. operated an internet website that transmitted information and _______ material to its subscribers? a. outdated b. old c. no d. lighter e. sexually explicit An order is placed to buy 100 shares at $61.55. The company then declares a cash dividend of 30 cents per share. What will the order price be adjusted to, before the open on the ex-dividend date? which restriction enzyme would recognize and cut this section of dna? 5'-aacagctgtgca-3' 3'-ttgtcgacacgt-5' Which duties does the president perform when acting as head of state please help me in my maths question Mike have Two pairs of shoes he is wearing red shirt his height is 6ft calculate his hair.. Real Property represents _______ , while physical property canbe _________Permanent structures, real or personalCredit, coverageCoverage, automotiveIndirect loss, direct loss What are examples of economic systems?