Answer:
The IRR = 4.868, The present value of annuity table for 7 years = 10%
Explanation:
Solution:
Recall that:
Veys Limos Incorporation is considering buying a limousine cost of =$155,776.
The useful life = 7 years
The cash inflow of the limousine = $32,000 per year
Now,
We determine the internal rate of return on the investment in the new limousine.
Thus,
The Internal rate of return is calculated as follows:
$155776/$32,000
=4.868
So,
we check for the present value of annuity table for 7 years
Which is,
= 10%
what is the financial definition for bond? write in your own words.
Answer:
Bond
Explanation:
It would be like a loan given to a place, government, company, etc. that pays the people (investors) pay a rate of return over a specific timeframe.
What is the most financially dangerous way to pay for college?
Scholarships
Cash
Credit cards
Federal student loans
Answer:
The most financially dangerous way to pay for college is Federal student loans since they have a large return rate. They are going to have to be paid back and most of the time you will pay more trying to pay off the loan than paying for the college.
Explanation:
Recently, "de-dollarization" has become a hot topic of global discussion. Recently, a Chinese think tank published an article saying that the trend of global de-dollarization has become very clear, and many countries in the world are working hard to reduce their dependence on the US dollar. The main driving force for this trend is my country's weaponization of its currency through excessive sanctions.
De-dollarization, or the reduction of dependence on the US dollar in global financial transactions, has indeed gained attention in recent years. While it is true that some countries are actively working to diversify their currency holdings and reduce reliance on the US dollar, it is essential to consider multiple factors that contribute to this trend.
One of the factors that have led to discussions about de-dollarization is the use of economic sanctions by the United States. Economic sanctions can be a powerful tool for a country to exert pressure on another nation, but they can also have unintended consequences. When the US imposes sanctions, it often restricts access to the US financial system, which is heavily reliant on the US dollar. This has prompted some countries to explore alternative methods of conducting international trade and finance to mitigate the impact of sanctions.
China, as a rising economic power, has been at the forefront of efforts to promote de-dollarization. It has taken steps to internationalize its currency, the yuan (also known as the renminbi), and has established currency swap agreements with various countries to facilitate trade settlements in yuan. Additionally, China has been promoting the use of its currency in international transactions through initiatives like the Belt and Road Initiative, which aims to enhance trade connectivity and financial integration among participating countries.
While weaponization of the US dollar through sanctions is indeed a contributing factor to the de-dollarization trend, it is not the sole driver. Other factors include concerns about the long-term stability of the US dollar, efforts by countries to reduce vulnerability to currency fluctuations, and geopolitical considerations. Some countries view de-dollarization as a way to enhance their economic and financial sovereignty, diversify risk, and reduce exposure to potential US policy changes.
It is important to note that the process of de-dollarization is gradual and complex. The US dollar still remains the dominant global reserve currency and the primary currency for international trade. The global financial system has deep-rooted structures and networks that make a rapid shift away from the US dollar challenging. However, as various countries seek to reduce their dependence on the US dollar, we can expect ongoing discussions and actions related to de-dollarization in the global economic landscape.
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if labor is scarce in germany, but capital is abundant, when germany opens to trade, the price of labor will and the price of capital will .fall; rise rise; rise rise; fall fall; fall
The price of labour will rise and the price of capital will rise when Germany opens to trade if labour is scarce in Germany but capital is abundant.
What do you know about trade?Trade is a transaction that involves two or more parties exchanging goods, services, or both. It is an essential part of the global economy, and it is important for the well-being of many countries. Trade can be conducted through different means, including barter, digital trade, and international trade. Barter is an exchange of goods or services without the exchange of money.
Digital trade is the exchange of goods and services conducted through electronic means, such as through the internet. International trade, also known as global trade, involves the exchange of goods, services, and other resources between two or more countries. Trade is vital for the global economy, as it allows countries to specialize in the production of certain goods and services that they can then sell to other countries.
Trade also serves to increase competition, which can help to reduce prices and improve quality of goods and services.
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How does a low credit score affect a person who applies for a loan?
A. It makes banks more likely to give the person a large, long-term
loan.
B. It causes banks to charge the person higher interest rates on the
loan.
OC. It makes it easier for the person to get a loan with a poor debt-to-
income ratio.
D. It allows banks to give the person a loan without checking his or
her tax records,
A person who requests for a loan and has a low credit score will be subjected to higher interest rates from banks. As a result, choice (B) is accurate.
Between 300 and 550 is regarded as a low credit score. You must make significant efforts to raise your credit score if it is in this area. You will not be qualified to apply for a loan or a credit card if you have a low credit score.
Whether it's a car loan, mortgage, or credit card account, borrowing can be more difficult if you have a poor score interest rates. And even if you are approved, your high risk of default means that you will probably have to pay higher interest rates.
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c) “Shadow price is the increase in value created by having one additional unit of a limiting resource at original cost”. Provide a comprehensive real world example of where a shadow price can be calculated with multiple limiting factors and with more than one product. Your answer should be in a form of a short case study roughly 4 or 5 sentences. (5 marks)
A real world example of shadow pricing would be in a case where a manufacturer produces two product A and B with 2 input such as raw materials and labor.
How is this so?Two products (A & B) are produced through the use of two primary resources: labor & raw materials. To produce one unit of product A, we require roughly an hour's worth (60 minutes) of work time from our available pool.
Also, approximately two pounds worth of our current stockpile must be incorporated into each instance as well. Comparatively speaking, producing one unit from group B takes almost three times that much effort (3 hours' time), but only requires about half as much by weight (a single pound).
Our maximum allowance stands at exactly 60 work-hours across all levels plus another hundred pounds maximum in terms concerning these earthly elements - with that established pricing amounts to a flat rate where five dollars buys us one metric pound whereas ten dollars goes towards hourly wages; so what is their shadow price?
When dealing with limited input availability, the optimal allocation of resources and production process optimization can be achieved using shadow prices. In this regard, it has been determined that labor's shadow price stands at $10 per hour while the shadow price for raw materials is set at $5 per pound.
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define the meaning of an action plan
Answer:
a action plan is a detailed outlining actions needed to reach one or more goals
Which of the following statements is true of financial leverage
The stock style box classifies individual stocks by growth, value, and core.
The stock mutual fund style box classifies individual stocks by value, growth,
and blend. These are often referred to as the equity style box. Together, the
vertical and horizontal axes can be used to classify a mutual fund into 1 of _______categories.
Together, the vertical and horizontal axes can be used to classify a mutual fund into 1 of nine categories.
The stock style box classifies individual stocks by growth, value, and core. The stock mutual fund style box classifies individual stocks by value, growth, and blend. These are often referred to as the equity style box. Together, the vertical and horizontal axes can be used to classify a mutual fund into one of nine categories.
The nine categories are large growth, large blend, large value, mid-cap growth, mid-cap blend, mid-cap value, small growth, small blend, and small value. It is common for investors to use the style box to classify mutual funds, which provides a useful way to understand the risk and return characteristics of an investment.The style box is divided into three parts, the vertical axis, the horizontal axis, and the grid that is formed by these two axes.
The vertical axis represents a market capitalization scale and can be divided into three categories: large-cap, mid-cap, and small-cap. The horizontal axis represents a value versus growth scale and can also be divided into three categories: value, blend, and growth.
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All else equal, country A has a higher money supply growth rate and a long-run Phillips curve that is farther to the left than country B's. In the long run as compared to country B, country A will have:________
a. lower unemployment and lower inflation.
b. higher unemployment and lower inflation.
c. lower unemployment and higher inflation.
d. higher unemployment and higher inflation.
Answer:
c. lower unemployment and higher inflation.
Explanation:
Since Country A's LRPC lies to the left of Country B's LRPC, it implies that its natural rate of unemployment is less than that of Country B's. Also Country A's money supply growth rate is higher. This suggests that Country A will have a higher inflation and a lower unemployment rate. Attach below is the graph illustration.
Exercise 4-36 (Algo) Application of Overhead [LO 4-4, 4-6]
Norton Associates is an advertising agency in Austin, Texas. The company’s controller estimated that it would incur $616,000 in overhead costs for the current
year. Because the overhead costs of each project change in direct proportion to the amount of direct professional hours incurred, the controller decided that
overhead should be applied on the basis of professional hours. The controller estimated 22,000 professional hours for the year. During October, Norton incurred
the following costs to make a 20-second TV commercial for Central Texas Bank:
Direct materials $ 48,000
Direct professional hours ($55/hour) 1,700
The industry customarily bills customers at 150% of total cost.
Required:
1. Compute the predetermined overhead rate.
2. What is the total amount of the bill that Norton will send Central Texas Bank?
Predetermined overhead rate per professional hour
Total billing for Central Texas Bank
References
Worksheet Exercise 4-36 (Algo) Application of
1. The predetermined overhead rate is $28 per professional hour.
2. Norton will send Central Texas Bank the total amount of the bill of $472,750.
What is the predetermined overhead rate?The predetermined overhead rate is the quotient of the estimated overhead costs divided by the estimated cost driver units.
The estimated cost driver units are the allocation base for the overhead.
The predetermined overhead rate allocates manufacturing overhead costs to cost objects (product or service units).
Data and Calculations:Estimated overhead costs = $616,000
Estimated professional hours for the year = 22,000
Predetermined overhead rate = $28 ($616,000/22,000)
Total Billing:Direct materials $ 48,000
Direct professional hours ($55/hour) 1,700 = $93,500 (1,700 x $55)
Overhead = $47,600 (2,700 x $28)
Total cost = $189,100
Markup =283,650 ($189,100 x 1.5)
Total billing = $472,750
Thus, the total amount that Norton will send Central Texas bank is $472,750.
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- Ethical Considerations. Is managing a business in ways
that reflect society's core values always ethical? Explain
your answer.
Yes
It is because it really helps
Which of the following is a factor of production for a firm?
A. Natural Resources
B. Customers
C. Company Reputation
D. Legal Consultants
Answer:
natural resources
Explanation:
natural resources and legal consulatants
Cynthia Ogago is planning to make investment in a scheme
earning 10% interest rate and expects to receive ksh. 50,000
after 3 years. Advise her on how much she needs to invest now
in order to achieve these
O a. Ksh. 50,000
O b. Ksh. 66,550
O c. Ksh. 35,656
O d. Ksh. 37,566
Answer:
d. Ksh. 37,566
Explanation:
The $50,000 represent the future amount expected after 3 years.
the interest rate is 10%.
Implementing the formula A = P x ( 1+ r) ^n
A= $50,000
P= amount to invest
R=10% or 0.10
n=3 years
Ksh.50,000 = P x (1 + 0.10) ^ 3
Kshs.50,000 = P x (1.1) ^3
Kshs.50,000 = P x 1.331
P= Kshs50,000 / 1.331
P=Kshs.37,565.74
= Kshs. 37,566
stock sells for $100 rights-on, and the subscription price is $90. Ten rights are required to purchase one share. Tomorrow the stock of Tricki will go ex-rights. What is Tricki’s expected price when it begins trading ex-rights?
Answer:
$99.09
Explanation:
Calculation for What is Tricki's expected price when it begins trading ex-rights
Using this formula
Expected price=Stock rights-on- [ (Stock rights-on-Subscription price)÷(10 rights+ One share)]
Let plug in the formula
Expected price=$100-[($100-$90)÷(10+1)]
Expected price=$100-($10÷11)
Expected price=$100-$0.91
Expected price=$99.09
Therefore Tricki's expected price when it begins trading ex-rights will be $99.09
Mark Goldsmith's broker has shown him two bonds issued by different companies. Each has a maturity of 4 years, a par value of $1000, and a yield to maturity of 8.70. The first bond is issued by Crabbe Waste Disposal and has a coupon interest rate of %6.315 paid annually. The second bond, issued by Malfoy Enterprises, has a coupon interest rate of 8.90 % paid annually.
a. Calculate the selling price for each of the bonds.
1. Selling Price of Bond 1 issued by Crabbe Waste Disposal = $1031.08
2. Selling Price of Bond 2 issued by Malfoy Enterprises = $1269.50
How can we calculate the selling price (SP) for each bond?Bond 1: Issued by Crabbe Waste Disposal
Coupon Interest Rate (CIR) = 6.315%
Yield to Maturity (YTM) = 8.70%
Maturity (n) = 4 years
Par Value (PV) = $1000
To calculate the selling price of Bond 1, we can use the following formula:
SP = (CIR/100) * PV + [(PV - (CIR/100) * PV) / (1 + YTM/100)^n]
Putting the values:
CIR = 6.315%
PV = $1000
YTM = 8.70%
n = 4 years
SP for Bond 1 = (6.315/100) * 1000 + [(1000 - (6.315/100) * 1000) / (1 + 8.70/100)^4]
SP = $632.36 + $398.72
Selling Price of Bond 1 issued by Crabbe Waste Disposal = $1031.08
Bond 2: Issued by Malfoy Enterprises
Now, let's calculate the selling price for Bond 2 issued by Malfoy Enterprises.
Coupon Interest Rate (CIR) = 8.90%
Yield to Maturity (YTM) = 8.70%
Maturity (n) = 4 years
Par Value (PV) = $1000
Using the same formula as above:
SP = (CIR/100) * PV + [(PV - (CIR/100) * PV) / (1 + YTM/100)^n]
Putting the values:
CIR = 8.90%
PV = $1000
YTM = 8.70%
n = 4 years
SP of Bond 2 = (8.90/100) * 1000 + [(1000 - (8.90/100) * 1000) / (1 + 8.70/100)^4]
SP = $889 + $380.50
Selling Price of Bond 2 issued by Malfoy Enterprises = $1269.50
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leaders/wells-fargo-ceoblames-broken-culture-on-consumer-abuses-during-capitol-hill-testimony. Based on the case, before Scharf took over at Wells Fargo, decision making at the bank was more
Before Scharf, decision-making at Wells Fargo was characterized by a toxic sales culture, lack of oversight, and a failure to prioritize customer well-being.
Before Charles Scharf took over as CEO of Wells Fargo, decision-making at the bank was characterized by a lack of proper oversight, accountability, and a toxic sales culture that prioritized aggressive cross-selling and meeting sales targets at the expense of customer well-being.
The bank faced a series of scandals and consumer abuses, including the opening of unauthorized accounts and the imposition of unnecessary fees on customers.
Under previous leadership, there was a failure to establish a strong ethical framework and ensure that employees were adequately trained and supervised.
There was a lack of emphasis on compliance and risk management, which allowed unethical practices to go unchecked. Additionally, the bank's decentralized structure contributed to a lack of cohesive oversight and control.
The broken culture at Wells Fargo resulted in severe reputational damage, significant financial penalties, and loss of customer trust.
Scharf, upon assuming the role of CEO, has acknowledged these issues and has been working to address them by implementing measures to change the bank's culture, enhance compliance, and improve risk management.
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38. A log book used to record information about visitors who call in an organization is called A. Complimentary card B. Telephone directory C. Telephone pad D. Visitor's register E. Visitor's request form
A logbook used to record information about visitors who call in an organization is called an Option D. Visitor's Register.
A visitor's register is an essential tool for maintaining security and professionalism in a workplace. It helps in keeping track of the people entering and leaving the premises, which aids in monitoring the flow of visitors and ensuring their proper identification.
A visitor's register typically includes columns for the visitor's name, contact details, purpose of visit, time in, time out, and the name of the person they are meeting. This information is valuable in case any follow-up is required or for emergency situations where it's crucial to know who is on the premises.
In contrast, a complimentary card (A) is a business card exchanged during formal introductions. A telephone directory (B) is a listing of telephone numbers organized by name or business. A telephone pad (C) is a notepad used for taking messages or notes during phone calls, and a visitor's request form (E) may be a document required to be filled out by visitors for specific purposes or access.
In summary, a visitor's register (D) is the correct term for a log book used to record information about visitors who call an organization. It helps maintain security, monitor visitor flow, and ensure proper identification of guests. Therefore, the correct option is D.
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what is your analysis on walmart financial health as of january 2021 compare to 2022
Which of the following will most likely cause an increase (shift to the right) in both the long-run and short-run aggregate supply curves?
Group of answer choices
an increase in the national debt
an increase in income tax rates
a decrease in the economy's rate of investment and capital formation
a technological improvement in robotics that substantially increases labor productivity
A technological improvement in robotics that substantially increases labor productivity will most likely cause an increase (shift to the right) in both the long-run and short-run aggregate supply curves.
What happens when long-run aggregate supply shifts right?Over time, production factors influence how the aggregate supply curve shifts. A rise in the production factors causes the curve to shift to the right, whereas a fall in the production factors causes a shift to the left.
As productivity rises or the price of important inputs decreases, the aggregate supply curve shifts to the right, allowing for a combination of lower inflation, higher output, and lower unemployment. The supply curve will move to the right as a result of a technological advancement that lowers production costs, producing more at a given price while also increasing output.
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What is the function of the audio tools on the Format contextual tab?
Answer:
to determine how an audio file will appear on a slide
Explanation:
i got it right on edj :)
please mark brainliest <3
What is the future value of 875 six years from now if the required rate of return is 7% (Rounded to 2 decimal places)?
The future value of 875 six years from now is mathematically given as
F= 1.313.13
What is the future value of 875 six years from now if the required rate of return is 7%?Generally, the equation for Future Value is mathematically given as
Future Value = P * (1+r)^n
Therefore
F= 875 * (1+7%)^6
F= 875 * 1.50073035
F= 1.313.13
In conclusion, Future Value
F= 1.313.13
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Which behaviors benefits coworkers and colleagues involves assisting, supporting, and developing other organizational members in a way that goes beyond normal job expectations?
Answer:
Interpersonal citizenship behavior.
Explanation:
Interpersonal citizenship behavior can be defined as behaviors that benefits coworkers and colleagues and involves assisting, supporting, and developing other organizational members in a way that goes beyond normal job expectations.
This ultimately implies that, interpersonal citizenship behavior is the extent to which an employee (worker) goes beyond his or her job requirements (descriptions) to help colleagues (co-workers), which either directly or indirectly results in boosting individual job performance, as well as enhancing team work and organizational development.
For example, a line supervisor assisting his or her subordinates that are having a huge or cumbersome workload.
Hence, this voluntary employee behaviors and actions would go a long way to promote unity, foster growth and development and help the organization to successfully achieve its goals and objectives quickly.
Select the correct answer.
What is the net income of the corporation?
Income Statement
Items
Revenues
Sales Revenue
500,000
Cost of Goods Sold
20,000
Administration Expenses 20,000
30,000
15,000
15,000
Selling expenses
Depreciation
Taxes
A. $400,000
B. $100,000
C. $450,000
D. $300,000
E. $150,000
The net income of the corporation is $400,000. Thus the correct option is A.
The formula for calculating net income is
Net Income = Total Revenues - Total Expenses
In the question, it is given that
Total Revenues:
Sales Revenue: $500,000
Total Expenses:
Cost of Goods Sold: $20,000
Administration Expenses: $20,000
Selling expenses: $30,000
Depreciation: $15,000
Taxes: $15,000
The value will be applied to the formula as
Net Income = $500,000 - ($20,000 + $20,000 + $30,000 + $15,000 + $15,000)
Net Income = $500,000 - $100,000
Net Income = $400,000
Therefore, the net income of the corporation is $400,000. The correct answer is A.
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Classify each item as being MOST associated with Command, Market, or Traditional economies.
Put responses in the correct input to answer the question. Select a response, navigate to the desired input and insert the response. Responses can be selected and inserted using the space bar, enter key, left mouse button or touchpad. Responses can also be moved by dragging with a mouse.
Command Market Traditional
Based on Historical NormsUnited StatesCentral Planning Takes PlaceGovernment Plans the EconomyProducers and Consumers RuleSupply and DemandNot Completely Found in Modern CountriesSoviet Union
Based on historical norms, the required classifications are:
United States - MarketCentral Planning Takes Place - CommandGovernment Plans the Economy - CommandProducers and Consumers Rule - MarketSupply and Demand - MarketNot Completely Found in Modern Countries - TraditionalSoviet Union - CommandWhat are Historic Norms?Historic norms are the normal or conventional ways that economic systems have functioned throughout history. They represent the dominant economic organization patterns or models that have been noticed and analyzed over time.
These norms are founded on past experiences and can assist in understanding how economies have operated in various circumstances and communities. We can determine the major qualities and attributes associated with distinct economic systems, such as command, market, or traditional economies, by reviewing historical norms.
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Which form does an individual use to file taxes? W-4 1040 W-2 1020
Answer:
a W-4 1040
Explanation:
W-4 1040 is used to file taxes while a W-2 1020 is what an employer sends to an employee to report their wages and withholdings.
W-4 1040 form does an individual use to file taxes, because W-4 1040 is used to file taxes while on the other hand W-2 1020 is what an employer sends to an employee to report their wages and withholdings.
What is form W-4?The Internal Revenue Service (IRS) Document W-4, also known as the "Employee's Withholding Allowance Certificate", is a tax form that employees in the United States fill out to inform their employers of their tax situation (exemptions, status, etc.).
The W-4 form indicates to the employer how much federal income tax should be deducted from an employee's paycheck.
What is Tax?In order to ensure that taxpayers are paying the proper amount of tax at the proper time and obtaining the proper tax allowances and tax reliefs, tax compliance refers to both policy actions and individual behavior.
A tax is a mandatory financial charge or another sort of levy that is levied by a governmental institution on a taxpayer (an individual or legal entity) in order to pay for government spending and other public expenditures (regional, local, or federal).
The first known taxation was implemented in ancient Egypt between 3000 and 2800 BC.
Failure to make timely payments as well as tax evasion or resistance are examples of breaking the law.
Taxes can be paid directly or indirectly, in cash or labor.
Hence, option A is correct.
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Information concerning a magazine’s readership is of interest both to the publisher and to the magazine’s advertisers. A survey of 500 subscribers included the following questions. For each question, determine the data type of possible responses.
a What is your age?
b What is your gender?
c What is your marital status?
d Is your annual income less than $30000,
between $30000 and $60000, or over
$60 000?
e To how many other magazines do you
subscribe?
f How do you rate the feature article
published in the current issue of the magazine (very good, good or poor)?
According to Feiler, what is the good news about families today? What is the bad news and the worst news? Have you witnessed any examples of the good or bad news about families personally?
A new approach to family dynamics, inspired by cutting-edge ideas gathered from specialists in the fields of science, business, sports, and the military, has been outlined in The Secrets of Happy Families by New York Times bestselling author Bruce Feiler.
According to Feiler, What is the secret of happy families?Despite all the new studies on individual happiness, spending time with the people you care about may be quite fulfilling. In actuality, it is the best indicator of overall life pleasure. The pace and demands of everyday life leave almost everyone feeling fully exhausted, and this tiredness has a significant negative impact on family harmony.
Numerous studies have found that stress is the top issue for both parents and kids. This refers to both internal and external stress. Additionally, stressed parents pass that stress on to their kids. Parental stress damages children's brains impair their immune systems, and increases their chances of obesity, mental disease, diabetes, allergies, and even tooth decay, according to studies.
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How do you redeem a
lottery tickets
Explanation:
you can redeem a winning ticket from any type of lottery game to an authorized retailer when your prize is less than 600$
hope I helped
At December 31, Folgeys Coffee Company reports the following results for its calendar year. Cash sales $ 908,000 Credit sales 308,000 Its year-end unadjusted trial balance includes the following items. Accounts receivable $ 133,000 debit Allowance for doubtful accounts 5,800 debit Prepare the adjusting entry to record bad debts expense assuming uncollectibles are estimated to be (1) 3% of credit sales, (2) 1% of total sales and (3) 6% of year-end accounts receivable.
Answer:
1. Dr Bad debts expense $9,240
C Allowance for Doubtful Accounts $9,240
2. Dr Bad debts expense $12,160
Cr Allowance for Doubtful Accounts $12,160
3. Dr Bad debts expense $13,780
Cr Allowance for Doubtful Accounts $13,780
Explanation:
Preparation of the adjusting entry to record bad debts expense assuming uncollectibles
1. Dr Bad debts expense $9,240
C Allowance for Doubtful Accounts $9,240
(308,000*3%)
2. Dr Bad debts expense $12,160
Cr Allowance for Doubtful Accounts $12,160
[(908,000+308,000)*1%]
3. Dr Bad debts expense $13,780
Cr Allowance for Doubtful Accounts $13,780
[($ 133,000*6%) + 5,800]