According to the Capital Asset Pricing Model (CAPM), the expected rate of return on a security can be calculated using the formula:
Expected Return = Risk-Free Rate + Beta × (Expected Market Return - Risk-Free Rate)
Given that the risk-free rate is 0.04 and the expected market rate of return is 0.12, and assuming a beta of 1.4 for security X, we can substitute these values into the formula to calculate the expected rate of return:
Expected Return = 0.04 + 1.4 × (0.12 - 0.04)
Expected Return = 0.04 + 1.4 × 0.08
Expected Return = 0.04 + 0.112
Expected Return = 0.152
Therefore, the expected rate of return on security X, with a beta of 1.4, according to the CAPM, is 0.152 or 15.2%.
The CAPM is a widely used model in finance that helps investors assess the expected return on an investment based on its systematic risk, represented by beta, and the overall market's expected return. It provides a framework for evaluating the risk and return relationship for individual securities in relation to the broader market.
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1. A company is creating a new product and must determine how to effectively create the product as well as appeal to the market and target a wide range of customers.
Answer and Explanation:
One good way to know how to effectively create a product and also target quite a wide range of consumers is to watch out for trends. Through the internet and social media, a producer can tell what product consumers would be ready to buy at a certain period due to the fact that it is what is trending at that time. The producer could go ahead to add new features to the product to make it stand out for potential customers.
.
The information regarding the new product should be explained in the explanation part.
The following information should be considered:
There is one good way for knowing how to effectively develop a product and also there is a wide range of consumers is to watch out for trends.By using the internet and social media, a producer can tell what product consumers would be ready to purchase at a specific period.Learn more: https://brainly.com/question/25300841?referrer=searchResults
Because of the ease of entry into the market of monopoly, profits are competed away by the new firms. True or False
"Because of the ease of entry into the market of monopoly, profits are competed away by the new firms. " The statement is False.
One of the defining characteristics of a monopoly is that there are significant barriers to entry, which prevent or deter new firms from entering the market and competing for profits. In contrast, in a perfectly competitive market, there are no barriers to entry, and any firm can enter or exit the market freely.
Therefore, the statement "Because of the ease of entry into the market of monopoly, profits are competed away by the new firms" is false. In a monopoly market, the absence of competition allows the monopolist to charge higher prices and earn economic profits in the long run, unless the monopoly is regulated or broken up by antitrust authorities.
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An instrument used to enlarge or reduce a map is known as
Answer:
pantograph
Explanation:
you can use a pantograph to do this.
Prompt What is an economy?
Answer:
An economy is the large set of inter-related production and consumption activities that aid in determining how scarce resources are allocated.
Which factor determines the equality between savings and investment in Keynesian theory of effective demand
Profit expectations, the degree of confidence, and the selection of investment in national income are the factors that determine the equality between savings and investment in Keynesian theory.
Keynes made it clear that the equality between saving and investment is obtained by the differences in national income. A basic macro-economic analysis identity is that saving equals investment making it an equilibrium.
The main difference between Keynesian and other classical theories is that Keynesian economics concentrates on government investments and a fiscal approach to promoting economic growth but classical economics concentrates on the strength of the free market to control itself.
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In which year the first school in the whole world was opened?
1.$7,000 of merchandise inventory was ordered on September 2, 20092.$3,000 of this merchandise was received on September 5, 20093.On September 6, 2009, an invoice dated September 4, 2009, with terms of 3/10, net 30 for $3,250 which included a $250 prepaid freight cost, was received.4.On September 10, 2009, $800 of the merchandise was returned to the seller.Based on the above information, what would the journal entry for September 10, 2009 include
Answer:
Credit to merchandise inventory $800
Explanation:
Based on the information given we were told that the amount of $800 of the merchandise was returned to the seller which means that the journal entry for September 10, 2009 will include a Credit to merchandise inventory for the amount of $800.
Credit to merchandise inventory $800
Louisa works in marketing. She works with several different areas of the company that employs her. Which task does Louisa have others perform?
A. Conducting meetings at a satellite office
B. Working on new marketing campaigns at home
C. Participating in teleconferences in her home office
D. Training other employees to use a computer
Answer:D
Explanation: so other employees have more experience and will be able to help around the office more
Answer:
The correct answer to your question is B. Working on new marketing campaigns at home.
Explanation:
Edge 2021:)
Because of the problem of scarcity, each economic system must make which of the following choices?
A) How to produce?
B) What to produce?
C) For whom to produce?
D) All of these.
All of these choices must be made by every economic system to address the problem of scarcity and allocate resources effectively.
Scarcity refers to the limited availability of resources compared to the unlimited wants and needs of individuals and society. In any economic system, the problem of scarcity necessitates making choices. These choices encompass three fundamental questions:
A) How to produce?: This refers to determining the most efficient and effective methods of producing goods and services. It involves decisions about technology, production processes, and resource allocation.
B) What to produce?: This involves deciding which goods and services to produce, taking into account consumer demand, resource availability, and societal priorities. It entails making choices about the allocation of resources to different industries and sectors.
C) For whom to produce?: This concerns the distribution of goods and services among individuals and groups in society. It involves decisions about income distribution, wealth disparities, and the allocation of resources to meet different needs and preferences.
Therefore, all of these choices must be made by every economic system to address the problem of scarcity and allocate resources effectively.
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Based on the graph shown above, which of the following is the equallibrium quantity and price at which the compony should sell the truck
Based on the graph shown above, the following is the equilibrium quantity and price at which the company should sell the truck: option B. 300 trucks at $6 per truck
What is an equilibrium quantity and price?In economics, an equilibrium quantity and price refers to a state in which the quantity of a good or service that a seller is willing to supply is equal to the quantity that a buyer is willing to demand, and the price at which this transaction occurs is the equilibrium price. This is also known as market equilibrium.
At the equilibrium price, there is no surplus or shortage of the good or service, and the market is said to be in balance. If the price is higher than the equilibrium price, there will be a surplus of the good or service, and if the price is lower than the equilibrium price, there will be a shortage.
The equilibrium quantity and price are determined by the interaction of supply and demand in a market. When the supply and demand curves intersect, the equilibrium quantity and price are established.
Therefore, the correct answer is as given above
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The complete question goes thus:
A toy company created a new truck to offer to consumers.
Based on the graph shown above, which of the following is the equilibrium quantity and price at which the company should sell the truck?
A. 200 trucks at $8 per truck
B. 300 trucks at $6 per truck
C. 400 trucks at $8 per truck
D. 200 trucks at $4 per truck
PLEASE HELP GUYS WRITE A TOPIC WITH AT LEAST 200 TO 300 WORDS ABOUT DOGS RESEACH AND RESTATE IT IN YOU OWN WORDS PLEASE I WILL GIVE YOU BRAINLEST!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Answer:
Did you know that dogs' noses are wet. Probably because of the fact that they drink water by licking and it may get on their nose or it's just wet. Dogs have feelings just like us humans do. They feel when something is wrong. They know when you happy and sad. Dog's are smart and listen very well if you train them. Dogs tend to lick us because that's their way of showing love. You know how us people just say I love you and show it well, since dogs can't talk they lick us and play around with us. Dogs also tend to stare at us which sometimes can be creepy but that's another way they show affection. Now if they don't know you then they will stare and bark because they need to absorb you and try to make sure you want to hurt their owner. Lastly, dogs can get jealous because they might see you with another do and think you're replacing them or they might see you with a baby and get jealous because they might feel not loved or cared for anymore so they expect all the love from you because they are attached and spoiled. Overall, dogs are loving and caring for little pets.
Answer:
Dog's are loving and caring kinda pets and tend to want all the attention
Explanation:
how can marketing of flowers and other related products be done by a commercial farm
As a commercial flower farm, marketing includes selling directly to the public or to florists, grocery stores and other retail businesses. Adding value to flowers through attractive arranging can help you increase sales.
What is marketing?Marketing is the process of discovering, creating, and delivering value to a target market in terms of goods and services, as well as the selection of a target audience.
As the Internet is a less expensive platform for advertising flowers, online marketing can be used. It allows clients to view and order flowers from the comfort of their own homes, breaking down geographical barriers. Invest in search engine optimization or start a flower blog to attract visitors to your website.
Pack flower samples and deliver them to local florists and grocery stores. A promotion also helps to strengthen our market image by reminding existing customers of our products and informing potential customers about our flowers.
Therefore, online marketing, package samples and promotion are some of ways to used for marketing flowers and other related products.
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How much would you make for the YEAR at $23.08 per hour, worked 54 hours and do
get paid overtime? Round to the nearest cent.
Answer:$23.08/hour = $46,160/year
With a 40 hour work week and 50 weeks per year.
Explanation:
between a wage per hour and per year. Browse the table below to compare based on how many weeks you work every year and how many hours you work per week.
COMPARE and contrast the terms scarcity and shortage and provide examples of each.
Answer:
Scarcity and shortage are not the same things. Shortage conditions exist when the demand of a good at the market price is greater than supply. ... Scarcity is the concept that we have limited resources and cannot meet the unlimited demand - it has nothing to do with a market price.
Amazon and Expedia are best described as ________ that sell products and services directly to final buyers via the Internet. Group of answer choices search engines
Amazon and Expedia are best described as E-Tailers that sell products and services directly to final buyers via the internet.
What do you mean by a product?A product refers to the item offered for sale. It can be any item or service.
Amazon and Expedia are best described as E-Tailers that sell products and services directly to final buyers via the internet.
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South Beach Apparel issued 15,000 shares of $3 par value for $15 per share. What is true about the journal entry to record the issuance? Credit Additional Paid-In Capital $180,000 Credit Common Stock $225,000 Debit Common Stock $45,000 Credit Cash $225,000 On December 2, Coley Corp. reacquired 1,500 shares of its $4 par value common stock for $20 each. On December 20, Coley Corp. reissued 1,100 shares for $11 each. Which of the following is correct regarding the journal entry for the reissued shares? Credit Treasury Stock $22,000 Debit Cash $16,500 Credit Additional Paid-in Capital $7,700 Credit Treasury Stock $12,100 The ending Retained Earnings balance of Lambert Inc. increased by $1.5 million from the beginning of the year. The company's net income earned during the year is $4.5 million. What is the amount of dividends Lambert Inc. declared and paid? $1 $4.5 million. $6.0 million. $3.0 million.
The amount of dividends Lambert Inc. declared and paid is $3.0 million.
The correct journal entry to record the issuance of 15,000 shares of $3 par value for $15 per share is:
Credit Common Stock $45,000 (15,000 shares x $3 par value)
Credit Additional Paid-In Capital $180,000 (15,000 shares x ($15 market price - $3 par value))
Debit Cash $225,000
Regarding the reissued share's journal entry:
Credit Treasury Stock $16,500 (1,500 shares x $20 reacquisition cost)
Debit Cash $12,100 (1,100 shares x $11 reissuance price)
Credit Additional Paid-in Capital $7,700 (plug)
To find the amount of dividends declared and paid, we need to use the following formula:
Dividends = $4.5 million - $1.5 million
Dividends = $3.0 million
Therefore, the amount of dividends Lambert Inc. declared and paid is $3.0 million
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Your employer will withhold the following taxes from your $200 paycheck:
A Federal Income Tax (10%): $20.00
B Social Security Tax (6.2%): $12.40
C Medicare Tax (1.45%): $2.90
C State Income Tax (5%): $10.00
you have been put in charge of a manufacturing plant’s new product line and need to choose first-line managers to supervise the line’s workers. what level of manager are you?
As the person in charge of a manufacturing plant's new product line and responsible for selecting first-line managers to supervise the line's workers, you would likely be in a middle management role.
Middle managers are responsible for overseeing the work of front-line or first-line managers, who in turn supervise workers directly involved in the production process. Middle managers are responsible for implementing the strategic decisions made by top-level managers and ensuring that the day-to-day operations of the manufacturing plant run smoothly.In this role, you would be responsible for setting production goals, monitoring progress, managing resources, and ensuring that the first-line managers you select have the necessary skills and resources to effectively supervise the workers on the new product line.Overall, your role as the person in charge of the new product line in a manufacturing plant would be an important one, requiring a combination of technical knowledge, management skills, and leadership abilities to successfully launch and manage the production process.
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A person offers you the following deal. You can have the proceeds of $2 doubled each year at the end of 15 years, or you can have $10,000 at the end of 15 years. Which deal should you take? Why?
Answer:
The deal I would take is the first deal.
Explanation:
I would take the first deal because as it's getting doubled by the number after the fourth year you would make $65,536 which is way more money then $10,000 at the end of 15 years.
They have fixed costs of £200 per month Each item's raw materials cost £50 The items sell for £150 each
What is the Break Even Point for the business?
Answer:
2 unit
Explanation:
The break-even point is that point at which a business makes no profit after settling all the necessary fixed cost for the period. It is the point preceding profit making at which costs are recovered
It is calculated by dividing the fixed costs with the sales revenue less the variable cost per unit of an item.
Workings
Fixed cost = 200
Selling price = 150
Variable cost = 50
Break even point = 200/(150-50)
=2 units
Any sales below this ends up in a loss as the fixed cost will not be fully recovered.
explain the effect of climate change in the economy of nepal
Nepal suffers excessive monetary expenses because of modern weather variability and extremes: the envisioned direct cost of those influences is equal to 1.5–2% of modern GDP/year. This is excessive via way of means of global levels.
What is the climate of Nepal?The weather in Nepal varies from subtropical withinside the lowlands to chilly excessive-altitude weather withinside the mountains.
The country reports five unique seasons: summer, monsoon, autumn, iciness, and spring. During iciness, the Himalayas block the cold air, inflicting it to be pretty heat south of the Himalayas.
Therefore, Nepal suffers a huge economic loss due to the climatic conditions prevailing in the country.
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Suppose that you start off in long run equilibrium, where LRAS, SR, and AD meet altogether in one point. Explain what happens to price, real GDP, inflation, and unemployment in each of the following cases:
(a) The interest rate falls;
(b) Wage rate temporarily falls;
(c) The dollar appreciates relative to foreign currencies;
(d) Businesses temporarily expect higher resource prices in the future;
(e) Business taxes rise
(a) When the interest rate falls, it stimulates borrowing and investment, leading to an increase in aggregate demand (AD). As a result, both price levels and real GDP will rise. The increase in aggregate demand will lead to upward pressure on prices, causing inflation to increase. With increased investment and economic activity, unemployment is likely to decrease as businesses expand and create more job opportunities.
(b) If the wage rate temporarily falls, businesses' production costs decrease, leading to a decrease in their marginal cost (MC) and an increase in short-run aggregate supply (SRAS). As a result, both price levels and real GDP will increase. With lower production costs, businesses can lower their prices, which can lead to a decrease in inflation. However, the impact on unemployment depends on the elasticity of labor supply. If the wage decrease leads to a significant increase in labor supply, it could lead to an increase in employment and a decrease in unemployment.
(c) When the dollar appreciates relative to foreign currencies, it makes imports relatively cheaper and exports relatively more expensive. This leads to a decrease in net exports, reducing aggregate demand (AD). As a result, both price levels and real GDP will decrease. With decreased aggregate demand, inflation is likely to decrease. The decrease in economic activity can also lead to an increase in unemployment as businesses may reduce production and cut jobs.
(d) If businesses temporarily expect higher resource prices in the future, it can lead to an increase in their costs of production. This will result in a decrease in short-run aggregate supply (SRAS), leading to higher price levels and lower real GDP. With higher production costs, businesses may pass on the cost increases to consumers, leading to higher inflation. The impact on unemployment depends on the extent to which businesses adjust their production and hiring plans in response to the expected higher resource prices.
(e) When business taxes rise, it increases the cost of production for businesses. This leads to a decrease in short-run aggregate supply (SRAS), causing price levels to increase and real GDP to decrease. Higher production costs can lead to higher inflation as businesses pass on the tax burden to consumers. The increase in production costs may also result in businesses reducing their output and cutting jobs, leading to an increase in unemployment.
It's important to note that these are simplified explanations and the actual impact of these factors can be influenced by various other economic conditions and factors. Additionally, the magnitude and duration of the effects can vary depending on the specific circumstances and the overall state of the economy.
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pls help me
1. What is the count number of the statement?
2. Was there any check card activity? If so, how many transactions were there, and what was the total amount?
3. Were there any service charges? If so, what was the total amount?
4. What is the total of all withdrawals (checks, ATM transactions, check card transactions, service charges)?
Answer:
lol it is du green one lololol dont tell on me
1. What is a work breakdown structure? What is a responsibility
assignment matrix? How are they related?
2. Describe why it is necessary to develop a baseline budget for
a project. List and describe i
1) A work breakdown structure is a hierarchical decomposition of the project scope into smaller, more manageable work packages. A responsibility assignment matrix is a tool used to define and clarify roles and responsibilities within a project. 2) A baseline budget for a project is a crucial component of project management.
1) Work Breakdown Structure (WBS): A work breakdown structure is a hierarchical decomposition of the project scope into smaller, more manageable work packages. It breaks down the project deliverables and work activities into smaller components, allowing for better organization, planning, and control of the project. The WBS defines the project's scope and serves as a foundation for scheduling, resource allocation, and cost estimation.
Responsibility Assignment Matrix (RAM): A responsibility assignment matrix, also known as a RACI matrix, is a tool used to define and clarify roles and responsibilities within a project. It identifies the various project tasks and assigns responsibility for each task to individuals or groups involved in the project. The matrix typically uses the RACI acronym, which stands for Responsible, Accountable, Consulted, and Informed, to indicate the level of involvement and accountability for each role or stakeholder.
Relation: The work breakdown structure (WBS) and responsibility assignment matrix (RAM) are related in the sense that they both contribute to the effective management of a project. The WBS breaks down the project scope into smaller work packages, while the RAM assigns responsibilities to individuals or groups for each work package. The WBS provides the structure and organization for the project, while the RAM helps clarify roles and responsibilities within that structure. Together, they help ensure that tasks are clearly defined, assigned to the appropriate parties, and successfully executed.
2) Baseline Budget: A baseline budget for a project is a crucial component of project management. It represents the approved and agreed-upon financial plan for the project, including the estimated costs and expenses required to complete the project activities. Developing a baseline budget is necessary for several reasons:
Cost Estimation: A baseline budget helps in estimating the project costs accurately. It outlines the expected expenditures, such as labor, materials, equipment, and overhead, providing a basis for cost estimation and control throughout the project's lifecycle.
Resource Allocation: With a baseline budget in place, project managers can allocate resources effectively. It allows for proper planning and scheduling of resources, ensuring that the necessary personnel, equipment, and materials are available when needed.
Performance Monitoring: The baseline budget serves as a reference point against which the actual project costs and expenses can be compared. By regularly tracking and comparing actual costs to the baseline budget, project managers can monitor the project's financial performance and take corrective actions if deviations occur.
Stakeholder Communication: A baseline budget provides a clear financial plan for the project, which can be communicated to stakeholders, such as clients, sponsors, and team members. It helps set expectations, gain approval, and ensure that everyone involved understands the financial aspects of the project.
Control and Accountability: The baseline budget establishes a baseline for cost control and accountability. It enables project managers to identify and address cost overruns, track budget variances, and take necessary measures to keep the project on track financially.
In summary, developing a baseline budget is necessary to estimate costs accurately, allocate resources effectively, monitor project performance, communicate with stakeholders, and maintain control and accountability throughout the project. It provides a solid financial foundation for successful project management.
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. the president planned to give a speech on tv about the nation's general economic vitality. the day before the speech, the stock market dropped 25 percent. the president had to modify the speech to the nation. what caused the president to modify the speech?
Correct answer is a trade in context.
What are these President speeches called?Woodrow Wilson giving his first State of the Union address; the first time given that 1801 that such an address was made in man or woman earlier than a joint session of Congress, this initiated the contemporary style with regards to the State of the Union address.
How do presidents make speeches?Traditionally, the addresses are delivered with the President sitting at the Resolute desk speak me into the camera. Occasionally, however, the President will stand at a lectern on the contrary facet of the Oval Office and supply the address.
Who makes the president's speeches?The White House Director of Speechwriting is a position inside the Executive Office of the President of the United States. The officeholder serves as senior marketing consultant and chief speechwriter to the President of the United States.
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https://brainly.com/question/26108165#SPJ4The MAXIMUM commission rate that a broker may charge on the sale of a property he or she has listed is
a. the percentage negotiated by the seller and broker. b. the percentage the buyer is willing to pay c. fixed by state laws and regulations. d. determined by the value of the property.
The maximum commission rate that a broker may charge on the sale of a property he or she has listed is typically determined by the (A) percentage negotiated by the seller and broker.
This means that the commission rate is agreed upon by both parties and outlined in the listing agreement.
However, it is important to note that some states may have laws and regulations that establish a maximum commission rate that a broker can charge.
In these cases, the negotiated rate cannot exceed the maximum rate established by state law.
Additionally, the commission rate is typically not determined by the value of the property or the percentage the buyer is willing to pay, as it is a separate agreement between the seller and broker.
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Too much of a good or service is produced when there is a
A. External benefit
B. Private cost
C. Positive externality
D. Negative externality
E. Public good
Answer:
D
Explanation:
A good has negative externality if the costs to third parties not involved in production is greater than the benefits. an example of an activity that generates negative externality is pollution. Pollution can be generated at little or no cost, so they are usually overproduced. Government can discourage the production of activities that generate negative externality by taxation. Taxation increases the cost of production and therefore discourages overproduction. Tax levied on externality is known as Pigouvian tax.
Government can regulate the amount of externality produced by placing an upper limit on the amount of negative externality permissible
A good has positive externality if the benefits to third parties not involved in production is greater than the cost. an example of an activity that generates positive externality is research and development. Due to the high cost of R & D, they are usually under-produced. Government can encourage the production of activities that generate positive externality by granting subsidies.
A public good is a good that is non excludable and non rivalrous. An example of a public good is a statue in a public park Everyone has assess to the statue and because one person is enjoying the view of the statue does not means another person cannot enjoy the view of the statue
Start with a situation in which there are three 10-year bonds with 0%, 4.00% and 9.00% coupons. The initial market interest rate is 8.22%. The par is $1,000. (a) Find the price of each bond. (6) Suppose the market interest rate now increases to 8.45%. For each bond, find the new price and percentage change in the price. What is the relationship among the bonds in terms of bond price sensitivity, i.e. interest rate risk? (c) Suppose the market interest rate now decreases to 8.05%. For each bond, find the new price, and percentage change in the price as compared to the initial prices found in (a).
The prices of the bonds can be calculated using the present value formula. The present value of each bond's cash flows (coupons and face value) is discounted at the market interest rate of 8.22%.
Bond 1 (0% coupon): The price of the bond is simply the present value of the face value: $1,000 / (1 + 0.0822)^10 = $547.98.Bond 2 (4.00% coupon): The price of the bond can be calculated by discounting the coupon payments and the face value: $40 / (1 + 0.0822) + $40 / (1 + 0.0822)^2 + ... + $40 / (1 + 0.0822)^10 + $1,000 / (1 + 0.0822)^10 = $874.56. Bond 3 (9.00% coupon): Similar to Bond 2, the price is calculated by discounting the coupon payments and the face value: $90 / (1 + 0.0822) + $90 / (1 + 0.0822)^2 + ... + $90 / (1 + 0.0822)^10 + $1,000 / (1 + 0.0822)^10 = $1,064.56.When the market interest rate increases to 8.45%, the prices of the bonds will decrease. The new prices can be calculated using the same present value formula, but with the new interest rate of 8.45%. The percentage change in price can be calculated by dividing the difference between the new price and the initial price by the initial price, and then multiplying by 100 When the market interest rate decreases to 8.05%, the prices of the bonds will increase. The new prices can be calculated using the same present value formula, but with the new interest rate of 8.05%. The percentage change in price can be calculated in the same manner as in part (b).
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Pretend your homeowners policy has a premium of $150, a deductible of $5,000, and a limit of $300,000. Your home suffers $170,000 in damages. How much will you pay for the damages?
you will pay $5,000 for the damages, and the insurance will cover the remaining $165,000.
Why it is?
In this scenario, because the damage of $170,000 is less than the policy limit of $300,000, the insurance will cover the damages.
However, the deductible of $5,000 will be subtracted from the amount of the damages covered.
Therefore, the amount that you will pay for the damages will be the deductible of $5,000.
The insurance will cover the remaining amount of the damages, which is $170,000 minus the deductible of $5,000, or $165,000. So, you will pay $5,000 for the damages, and the insurance will cover the remaining $165,000.
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11. All of the following are balance sheet accounts except:
a. revenue accounts.
b. asset accounts.
c. liability accounts.
d. owners' equity accounts.
12. Which of the following appear in a general ledger?
a. Debit
b. Credit
c. Balance
d. all of the above
13. Notes payable, Accounts Payable and Income tax payable are example of
a. asset accounts.
b. liability accounts.
c. drawing accounts.
d. expense accounts.
14. The basic element used in an accounting system to classify and summarize business transactions is the:
a. Liabilities
b. Account.
c. None
d. Both
15. Revenue affects which account in balance sheet ?
a. assets
b. owner's equity
c. liabilities
d. assets and expenses
16. Jerry accepts a formal, written promise from an employee of his hotel to pay a certain sum. The employee plans to repay the hotel within the current fiscal year, and states this intention in the note." Notes Receivable" are classified as:
a. liabilities.
b. T account
c. expenses.
d. assets.
17. Trish is preparing a financial statement for which she needs the balances of the owners' capital and Net Income or Net loss. Which statement is Trish most likely preparing?
a. an income statement
b. an adjusted trial balance
c. a statement of owners' equity
d. a statement of cash flows
11. All of the following are balance sheet accounts except: a. revenue accounts.
12. The statement that appear in a general ledger: a. Debit, b. Credit
13. Notes payable, Accounts Payable and Income tax payable are example of :b. liability accounts.
14. The basic element used in an accounting system to classify and summarize business transactions is the: b. Account.
15. Revenue affects which account in balance sheet :a. assets
16. If Jerry accepts a formal, written promise from an employee of his hotel to pay a certain sum. " Notes Receivable" are classified as: d. assets.
17. If Trish is preparing a financial statement for which she needs the balances of the owners' capital and Net Income or Net loss. The statement that Trish is most likely preparing is: c. a statement of owners' equity.
What is balance sheet?Balance sheet can be defined as a financial statement that help to show the financial position of a company at a particular period of time.
Balance sheet often entails the assets, liabilities as well as shareholder equity in which the asset side and liabilities side must equal.
Therefore the balance sheet includes asset accounts, liability accounts, owners' equity accounts.
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