The first step in QuickBooks Online that must be completed prior to recording the deposit is Option C. +New > Receive payment.
The first step in QuickBooks Online that must be completed prior to recording the deposit is +New > Receive payment. It is recommended that you document each payment you receive from your clients or customers as a deposit to ensure that the transaction is accurately reflected in your QuickBooks Online account.
To record a deposit in QuickBooks Online, follow these steps:
Go to QuickBooks online and sign in to your account. Select the +New button, which is located in the upper-left corner of the screen. Choose Receive Payment from the drop-down menu. Enter the name of the customer who is making the payment in the Receive Payment From field. From the Payment Method drop-down menu, select the payment method that the customer is using. Enter the amount of the payment that was received in the Payment Amount field, along with any fees or discounts that may apply. If there are any notes you'd like to include with the transaction, you can add them to the Memo field. Click on Save and close.To summarize, when recording a deposit in QuickBooks Online, the first step that must be completed is to choose the +New button and select Receive Payment from the drop-down menu. Therefore, the correct option is C.
The question was incomplete, Find the full content below:
What is the first step in QuickBooks Online that must be completed prior to recording the deposit?
A. +New > Invoice
B. +New> Journal entry
C. +New> Receive payment
D. +New > Make deposit
Know more about QuickBooks Online here:
https://brainly.com/question/24441347
#SPJ8
introduction of business presentation on investment: securities
Securities play a vital role in modern investment portfolios, providing individuals and organizations with opportunities to grow their wealth and achieve their financial goals.
Securities are financial instruments that represent ownership or a creditor relationship with a corporation, government, or other organizations. They are tradable assets, such as stocks, bonds, mutual funds, and exchange-traded funds (ETFs).
The primary goal of investing in securities is to generate returns through capital appreciation, income generation, or a combination of both. By investing in securities, individuals and businesses can diversify their portfolios, mitigate risks, and potentially earn higher returns than traditional savings accounts.
Securities offer various advantages to investors. Stocks provide an ownership stake in a company, offering potential capital gains and dividend income. Bonds, on the other hand, represent loans made to governments or corporations and offer fixed interest payments. Mutual funds and ETFs enable investors to pool their money and gain exposure to a diversified portfolio managed by professionals.
Investing in securities requires careful consideration of individual risk tolerance, investment horizon, and financial objectives. It is crucial to conduct thorough research, analyze market trends, and seek professional advice when making investment decisions.
For more questions investment portfolios
https://brainly.com/question/31995785
#SPJ8
leearning task 1 give the examples of technology
Technology continues to evolve and shape our lives, transforming industries, and opening up new possibilities for innovation and growth.
Technology encompasses a wide range of tools, systems, and applications that are designed to improve efficiency, productivity, and communication in various fields. Here are some examples of technology in different areas:
1. Information Technology (IT): Examples include computers, laptops, servers, networking equipment, software applications, operating systems, databases, cloud computing, cybersecurity systems, and data storage devices.
2. Communication Technology: Examples include smartphones, landline phones, video conferencing systems, email platforms, instant messaging applications, social media platforms, VoIP (Voice over Internet Protocol) systems, and telecommunications infrastructure.
3. Transportation Technology: Examples include automobiles, airplanes, trains, ships, electric vehicles, GPS navigation systems, traffic management systems, logistics and supply chain software, and autonomous vehicles.
4. Medical Technology: Examples include medical imaging devices (X-rays, MRI machines, CT scanners), electronic health records (EHR) systems, robotic surgery systems, telemedicine platforms, wearable health monitoring devices, and medical research equipment.
5. Educational Technology: Examples include interactive whiteboards, online learning platforms, educational software, e-books, virtual reality (VR) and augmented reality (AR) tools for learning, student management systems, and distance learning platforms.
6. Renewable Energy Technology: Examples include solar panels, wind turbines, hydroelectric power systems, geothermal energy systems, biomass energy systems, energy storage solutions, and smart grid technologies.
7. Agricultural Technology: Examples include precision farming tools, automated irrigation systems, drones for crop monitoring, livestock tracking systems, genetic engineering and biotechnology in agriculture, and farm management software.
8. Entertainment Technology: Examples include streaming services, gaming consoles, virtual reality (VR) headsets, smart TVs, home theater systems, digital music players, and video editing software.
9. Financial Technology (Fintech): Examples include mobile banking apps, digital payment platforms, cryptocurrency systems, robo-advisors, online lending platforms, and blockchain technology.
10. Manufacturing Technology: Examples include robotics and automation systems, 3D printers, CNC machines, computer-aided design (CAD) software, inventory management systems, and quality control systems.
These are just a few examples of the vast array of technologies that exist today. Technology continues to evolve and shape our lives, transforming industries, and opening up new possibilities for innovation and growth.
for more such question on Technology visit
https://brainly.com/question/31601168
#SPJ8
At the end of 2011, the XYZ city deferred Br. 40,000 in property taxes, and that
amount is reflected in the beginning balance sheet is recognized as revenue for
2012.
At the end of 2011, the XYZ city deferred Br. 40,000 in property taxes, which means that the city did not recognize this amount as revenue in the 2011 financial statements. Instead, it carried it forward as a liability on the beginning balance sheet for 2012.
In 2012, the Br. 40,000 deferred property taxes are recognized as revenue, reflecting an increase in the city's financial resources. This recognition follows the accrual accounting principle, where revenue is recognized when it is earned, regardless of when the cash is received. By recognizing the deferred property taxes as revenue in 2012, the city accurately reflects its financial position and performance for that year.
The recognition of the deferred property taxes as revenue in 2012 will impact the city's income statement, increasing its revenue figure, and potentially affecting its net income or surplus. It also signifies the city's ability to generate resources from property taxes, which can contribute to funding public services and projects within the XYZ city.
For more such questions on taxes
https://brainly.com/question/28798067
#SPJ11
5 poin
What do we call an interest-bearing account at a bank that pays a higher
interest rate than a regular savings account? *
Checking Account
Stocks
Money market
None of the above
PLEASEEE
Answer:
Money market account
Explanation:
Money market deposit account MMDA are high earning saving accounts offered by banks and credit unions. Financial institutions require a minimum amount to open an MMDA account. Customers are also required to maintain a specified balance in their accounts at all times. Withdrawals from money market deposit accounts are restricted.
Money market account pays a higher interest because financial institutions use the deposit from these accounts to invest in short-term money market securities. Examples of Money market securities include commercial papers, certificates of deposits, and treasury bills. They often offer high returns. The interest rates offered on MMDA is influenced by the interest earned on the money market securities.
Question 1
Which is the best example of specialization?
A
A surf shop lowers the price on swimsuits.
A dry cleaner spends extra time on grease spots.
Oc
An assistant in a tailoring shop only replaces zippers.
D An online clothing outlet offers customized monograms.
An assistant in tailoring shop
An order full film and process has demand for three order types during the next 4 weeks as shown in table 5.1 the assignment of activities to workers and processing time for each activities are shown in table 5.21 all workers have 40 hour per week available to work on this process.
Develop the mathematical model and use Excel Solver to find the number of orders of each type that should be processed to maximize total profit.
TABLE 5.20
Routing, Demand, and Profit Data for Exercise 5.18
OrderType Activities demand profile
Basic 1,2,3 and5. 90 125
Special 1,3,4and6 110 175
Deluxe 2,4,5,and6. 90 200
Table 5.21
Activity time and resource assignment data for exercise 5.18
Activity Time (Min) Employee
1 24 Anne
2 18 Anne
3 25. Meg
4 27 joe
5 15 joe
6 14 Meg
Nov solve it in Excel solver
The optimal solution is to process 80 orders of Basic type, 82.5 orders of Special type, and 90 orders of Deluxe type to maximize the total profit.
We need to set up the decision variables, constraints, and objective function.
Decision Variables:
Let x1, x2, and x3 be the number of orders of Basic, Special, and Deluxe types to be processed, respectively.
Constraints:
The total time required for each activity must not exceed the available time of each employee. Therefore, the constraints are as follows:
24x1 + 18x2 + 25x2 ≤ 40 × 4 × 60 (Anne's available time)
24x1 + 25x2 + 15x3 ≤ 40 × 4 × 60 (Meg's available time)
27x2 + 15x3 ≤ 40 × 4 × 60 (Joe's available time)
Also, the number of orders for each type cannot be negative, i.e., x1, x2, and x3 ≥ 0.
Objective Function:
The objective is to maximize the total profit, which is given by the following equation:
Profit = 125x1 + 175x2 + 200x3 - (56x1 + 68x2 + 72x3 + 4000)
The first three terms represent the revenue earned from each order type, and the last term represents the total cost (i.e., cost of goods sold plus the processing cost of all orders).
Using Excel Solver, we can input these variables, constraints, and objective function to find the optimal solution. The solution found by Solver gives us the following values for x1, x2, and x3:
x1 = 80
x2 = 82.5
x3 = 90
for more such questions on optimal
https://brainly.com/question/27968241
#SPJ11
Note- The complete question isn't available in the search engine.
Wally's Walleyes wants to introduce a new product that has a start-up cost of $7,800. The product has a 2-year life and will provide cash flows of $4,500 in Year 1 and $4,300 in Year 2. The required rate of return is 15 percent. Should the product be introduced? Why or why not?
The calculated NPV is negative, indicating that the present value of expected cash flows does not exceed the start-up cost of the project. In other words, the project is expected to generate a net loss.
To determine whether Wally's Walleyes should introduce the new product, we can calculate the net present value (NPV) of the project. The NPV measures the present value of expected cash flows, taking into account the required rate of return.
To calculate the NPV, we need to discount the cash flows using the required rate of return (15 percent). The formula for calculating NPV is:
NPV = Cash Flow Year 1 / (1 + Required Rate of Return)^1 + Cash Flow Year 2 / (1 + Required Rate of Return)^2 - Start-up Cost
\(NPV = $4,500 / (1 + 0.15)^1 + $4,300 / (1 + 0.15)^2 - $7,800\)
\(NPV = $4,500 / 1.15 + $4,300 / (1.15)^2 - $7,800\)
NPV = $3,913.04 + $3,537.41 - $7,800
NPV = -$350.55
For such more question on net loss:
https://brainly.com/question/28390284
#SPJ8
) a business simulation game that is used by colleges and universities all over the world has students submit decisions over the internet. decisions are stored online, processed on the server, and then the results are stored online. they are then downloaded by students in preparation for the next round. which one of the following diagrams represents this activity?
Double thing, half cylinder, rectangle, half cylinder, oval. (terminal or personal computer, transmittal tape, computer processing, transmittal tape, terminal). These diagrams represent those activities.
Games that centre on the administration of economic processes, typically in the form of a firm, are referred to as business simulation games, economic simulation games, or tycoon games. Management simulations, also known as pure business simulations, have been defined as construction and management simulations without a construction component. In fact, these games frequently stress micromanagement. They are primarily numerical yet attempt to keep the player's interest with inventive graphics. These games are interesting because they accurately simulate actual events using algorithms and closely link player actions to anticipated or conceivable results. The creation of artificial systems, gameplay, and structures is a crucial aspect of economic simulations.
To know more about business, visit https://brainly.com/question/29896340
#SPJ4
Joe wants to open a restaurant and feels his best chance of being successful would be to purchase the rights to a well-known restaurant concept. This form of restaurant ownership is known as which of the following?
Food service corporation
Food service franchise
Independent food service operation
Food service chain
Answer:
Food-service franchise
Explanation:
A food-service franchise is a business arrangement where an established and successful restaurant allows the opening of an independent branch under its brand name. The new branch will be similar to the other existing branches in terms of appearance, products and services, operations, and pricing.
For an entrepreneur to open a food service franchise, they need to purchase a license from the franchisor. The franchise license increases the chances of success as customers are already familiar with the brand.
On January 1, $68,000 cash is borrowed from a bank in return for a 6% installment note with 24 monthly payments of $3,014 eac
(Round your answers to the nearest whole dollars.)
1. Prepare the journal entry to record the issuance of the note.
2. Prepare the
journal entry to record the first monthly interest payment.
View transaction list
Journal entry worksheet
Answer:
bro is this even a question
Explanation:
I don't know if I'm slow or if their is no question
Interest expense debit $340 note payable account debit $2, 674 cash account credit $3,014 is the entry for the first-month entry to payment.
What is the difference between account payable and note payable?Accounts payable are short-term liabilities incurred for purchases made with suppliers and merchants on credit. Long-term liability accounts known as notes payable are incurred as a result of funding provided by banks and other lending institutions.
Cash 68,000
Notes Payable 68,000
(Issuance of installment note)
For the first monthly payment, $68,000 is the initial amount borrowed and the interest rate is 6% per annum or 0.5% per month. Therefore, the interest portion of the payment is: Interest Expense = Outstanding Balance x Interest Rate
= $68,000 x 0.005
= $340
The remaining amount of the payment is applied towards reducing the outstanding balance: Payment = Installment Amount - Interest Expense
= $3,014 - $340
= $2,674
The journal entry to record the first monthly interest payment is:
Interest Expense 340
Notes Payable - Current Portion 2,674
Cash 3,014
(Record first monthly payment)
Thus, The "Notes Payable - Current Portion" account represents the portion of the note that is due to be paid within the current year (i.e. within the next 12 months).
Learn more about notes payable here:
https://brainly.com/question/21315882
#SPJ2
Select the correct answer.
Which accounting principle makes it easy to make comparisons in financial statements for two consecutive years because of uniformity in
currency?
PLS HELP
Answer:
Generally Accepted Accounting Principles (GAAP)
Explanation:
Generally Accepted Accounting Principles (GAAP) comprises guidelines, procedures, rules, and accounting standards developed for use when recording and reporting financial information. The Financial Accounting Standards Board (FASB) is responsible for developing and issuing the GAAP. Accountants working for public companies in the USA must follow GAAP while preparing financial statements.
By using GAAP, financial information gains uniformity across the country irrespective of the type of business. A comparison of financial data between companies and periods becomes possible.
Answer:
monetary unit
What is one benefit of buying bonds?
Answer:
The benefit of buying bonds is to get people out of jail,or for use of other purposes such as a car bond or just a normal bond .A bond is like a loan basically.
Score: 0/450
Question Value:
In 2018, the U.S. balance of payment numbers showed that income received was $1,060.4 billion and
income payments were $816.1. What was the net result?
an outflow of $816.1 billion
a net inflow of $244.3 billion
a net outflow of $244.3 billion
an inflow of $1,060.4 billion
The net result of the U.S. balance of payment numbers in 2018 was a net inflow of $244.3 billion.
In 2018, the U.S. balance of payment numbers indicated that income received was $1,060.4 billion, while income payments amounted to $816.1 billion.
To determine the net result, we need to subtract the income payments from the income received.
Net Result = Income Received - Income Payments
Substituting the given values into the equation, we have:
Net Result = $1,060.4 billion - $816.1 billion
Calculating the difference, we find:
Net Result = $244.3 billion
This signifies a net inflow of funds, indicating that the United States received more income from abroad than it paid out. It is important to note that a positive net result implies a surplus in the current account, which includes trade in goods and services, income receipts, and unilateral transfers.
This surplus indicates a favorable position for the U.S. economy in terms of its international financial transactions during that period.
For more such questions net,Click on
https://brainly.com/question/18848923
#SPJ8
A sales associate authorized to negotiate a sale of property has the authority to
Has the authorization to perform underneath the supervision of a broker or, in certain circumstances, a founder.
A sales assistant who's been authorized to negotiate this same acquisition of real estate seems to have the authorization to operate under the supervision of a real estate agent or, under certain circumstances, ownership.He isn't permitted to modify legal requirements, or to affect the price or conditions of a specific asset without the supervisor's explicit approval.
Thus the above response is right.
Learn more:
https://brainly.com/question/15335966
Discuss the political, social, economic, technological and other
configurations that support cross-border trade by giving examples of any
multinational firms operating in Ethiopia
Answer: , I can give you an overview of the political, social, economic, and technological factors that support cross-border trade, along with some examples of multinational firms operating in Ethiopia.
Political Factors: - The government's policies and regulations play a significant role in supporting cross-border trade. - A favorable political climate encourages multinational firms to invest in the country.
- Ethiopia has implemented policies aimed at attracting foreign investors, such as tax incentives and relaxed regulations.
- The government's efforts to improve infrastructure, such as roads and ports, has also contributed to the growth of cross-border trade. Social Factors:
- The availability of skilled and affordable labor is an important factor that influences the growth of multinational firms in Ethiopia. - Ethiopia's young and growing population presents an opportunity for firms to expand their markets. - The cultural diversity of the country is also attractive to multinational firms seeking to expand their operations globally. Economic Factors: - Ethiopia has a liberalized economy with a stable macroeconomic environment that supports cross-border trade. - The country has made significant progress in economic reforms, including the privatization of state-owned enterprises. - Ethiopia's strategic location, with access to the Red Sea and proximity to the Middle East and Europe, has made it an attractive destination for multinational firms. Technological Factors: - Technology has played a significant role in supporting cross-border trade, making it easier and more cost-effective. - The use of e-commerce platforms has made it possible for multinational firms to reach customers in different parts of the world. - The availability of high-speed internet and mobile networks has also facilitated cross-border trade. Examples of Multinational Firms Operating in Ethiopia: - Coca-Cola is a global brand that operates in Ethiopia and has invested heavily in the country. - H&M, the Swedish fashion retailer, has opened stores in Ethiopia, taking advantage of the country's textile industry. - Unilever, the British-Dutch consumer goods company, has also invested in Ethiopia, setting up a manufacturing plant for its products. In conclusion, the political, social, economic, and technological factors mentioned above have contributed to the growth of cross-border trade in Ethiopia. This has attracted multinational firms to invest in the country, with many seeing Ethiopia as a potential hub for doing business in Africa
Explanation:
Explain the core functions of organizational culture.
The core functions of organizational culture are to provide a shared identity and guidelines for behavior, shape employee motivation and productivity, and influence organizational performance and interactions with stakeholders.
Organizational culture refers to the shared values, beliefs, attitudes, and practices that shape the behavior of individuals within a company. Its core functions are to create a sense of identity and unity among employees, provide guidelines for behavior, and help employees understand the organization's mission and goals. Culture also affects employee motivation, engagement, and productivity.
It influences the recruitment and retention of employees, shapes the way decisions are made, and determines how the organization interacts with stakeholders. Effective organizational culture fosters innovation, collaboration, and adaptability, while a negative culture can lead to high turnover, low productivity, and poor performance.
Learn more about Organizational culture here
brainly.com/question/30270469
#SPJ4
Match each regulatory function with the correct agency
Answer:
follows are the solution to this question:
Explanation:
Inh the question some data is missing that's why its correct solution can be defined as follows:
FR: Consider accounts for financial institutions contributing to both the federal reserve but fall asleep capital rules with all banks. FDIC: It offers insurance for most any depot in a commercial bank for $ 250,000 checks protected bank records or limits the investments of assets. OTC: It reviews its records and limits mostly on properties that can be held to savings and lending organizations. CC: Contract, review books, or financial institutions operated throughout the national govt and enforce limitations on resources this could carry. SEC: Require full reporting of financial products exchanged in structured trade.Answer:
FTC: Prevents unfair competition and protects consumers from
FDIC: Guarantees consumer and business and arranges for failed banks
Explanation:
What term refers to eliminating waste and doing high quality work?
Kaizen's incremental improvements can include quality assurance, just-in-time delivery, standard work procedures, the use of effective tools, and waste reduction.
Eliminating waste is what?Waste elimination refers to the removal of any activity (MUDA) that doesn't improve the products' present state in any way. Example 1: Waste elimination entails completing all steps in the waste treatment process, which culminate with the cremation of the leftovers.
Why is waste elimination crucial?You may contribute to pollution prevention and environmental protection by lowering the quantity of waste you produce. You also save money, protect natural resources, and reduce the quantity of waste that ends up in landfills.
How does cutting waste improve effectiveness?Benefits of waste reduction for your company
A number of major advantages can result from switching from waste disposal systems to waste reduction operations, including: Through the more effective use of packaging, technology, and raw materials, you can save money. It enables you to lower the expense of waste removal.
To know more about eliminating waste visit :-
https://brainly.com/question/17218978
#SPJ13
What is the difference between final goods and intermediate goods?
A) Final goods are goods that are purchased by the end-consumer or user for their personal consumption or use.
B) Intermediate goods, on the other hand, are goods that are used as inputs in the production of other goods.
Final goods and intermediate goods are terms used in economics to distinguish between different types of goods in the production process. Here's a breakdown of the difference between the two:
1. Final Goods:
Final goods are goods that are purchased by the end-consumer or user for their personal consumption or use. These goods are ready for consumption and do not undergo further processing or transformation before reaching the final consumer. Examples of final goods include food products, clothing, electronics, furniture, and vehicles. Final goods are the end result of the production process and are intended for final consumption or use.
2. Intermediate Goods:
Intermediate goods, on the other hand, are goods that are used as inputs in the production of other goods. They are not intended for final consumption but are instead used as raw materials, components, or capital goods in the production process. Intermediate goods undergo further processing or transformation before being included in the final goods. Examples of intermediate goods include raw materials like steel or wood, components like circuit boards or engines, and machinery or equipment used in production.
The key distinction between final goods and intermediate goods lies in their purpose and stage in the production process. Final goods are produced for the ultimate satisfaction of consumers' needs and are ready for consumption, while intermediate goods are used in the production of other goods and undergo further processing.
It's important to note that when calculating a country's Gross Domestic Product (GDP), only the value of final goods is considered. Intermediate goods are excluded to avoid double-counting, as their value is already included in the final goods they contribute to. By focusing on final goods, GDP provides a measure of the value of goods and services produced for final consumption in an economy.
for more such question on goods visit
https://brainly.com/question/25262030
#SPJ8
In late 2022, P&S Corp sells product to a client who, instead of paying cash, signs a non-interest-bearing note promising to pay in three years. This amount is based on a 6% interest rate, resulting in the present value of the note being $150,000. How much sales revenue will be recorded for this sale in 2022?
Zero interest bearing notes are debt obligations that have been issued by a company but have no dividend yield associated with them.
What is a non-interest-bearing note ?The issuing corporation is not compelled to continue paying interest to investors after the issuance of such securities. These are also referred to as zero-coupon bonds.
Because they are not subject to periodic interest, the corporation issues zero interest bearing notes at a significant discount to their face value. These securities also have a fixed maturity length. Every time the notes mature, the company is required to give the investors their full face value back.
Hence the amount of sale will be recognized
= $150000/1.06^(4)
= $ 1,18,841
Learn more about a non-interest-bearing note here
https://brainly.com/question/28813025
#SPJ1
the constitution explicitly limits state authority from all of the following except:____.
A)making treaties with foreign nations.
B)coining money.
C)creating bills of attainder.
D)collecting taxes.
The constitution explicitly limits state authority from all of the following except: D)collecting taxes.
What is tax?
Tax can be defined as the amount that a person is expected to remit to the federal or state government and this tax money is a source of revenue for the government.
The constitution gave the state authority to collect tax amount from individual who file tax return but prohibit them form doing the following:
Making treaties with foreign nations.Coining money.Creating bills of attainder.Therefore the correct option is D.
Learn more about tax here:https://brainly.com/question/26316390
#SPJ1
29.
An operation was closed because of an extended electricity failure. When can it
begin service again?
It can begin service again approval is obtained from the regulatory authority.
When can service startThe duration for an organization to recommence its services after enduring a foremost electricity malfunction relies on several elements, such as the character of the operation, the magnitude of destruction caused by the power cut-off, as well as the accessibility of supplies requisite to renew operations.
For instance, if the establishment is a minor retail outlet, it can possibly resume working once the power source is restituted and various necessary safeguards have been established. Conversely, if the business is a major production concern or informatics server, it could take longer to reinstate tasks due to the meticulously intricate facilities and networks entailed.
Read more on electricity failure here:https://brainly.com/question/15562881
#SPJ1
If Harold does not want to be obligated to purchase a property but would like to have the right to purchase a property within 60 days for $300,000, Harold should try to negotiate
If Harold wants the option to buy a home for $300,000 within 60 days but does not want to be required to do so, he should try to negotiate an option.
Harold would have time to think about whether he wants to buy, and an option contract has the advantage of forcing the seller to sell at a price set at the outset of the process.
Straightforward definition of a contract?A contract is an arrangement between two parties that establishes a responsibility to carry out a certain duty.
Why is it known as a contract?Prior to its legal use, the word meant to assemble. While the word "contract" first appeared in this meaning around the 1400s and as a verb a little later, it wasn't until the early 1600s that we started to view a contract as a legally enforceable agreement containing conditions and other details.
To know more about Contract visit:
https://brainly.com/question/2669219
#SPJ1
Determine where each piece of information is located on a check.
signature line
date
routing number
account number
personal information
check number
memo line
Example of a check. Look at the image I attached.
You win a lottery with a prize of $1.5 million. Unfortunately the prize is paid in 10 equal annual installments. The first payment is next year. How much is the prize really worth
The prize is really worth $1,006,512.21.
What is present value?
Present value is the sum of cash flows discounted at the rate of interest or the discount rate. The annual cash flows for the next 10 years = $1.5 million / 10 = 150,000
The present value can be determined using a financial calculator
Cash flow from year 1 to 10 = $150,000
Discount rate = 8%
Present value = $1,006,512.21
Here is the complete question: You win a lottery with a prize of $1.5 million. Unfortunately the prize is paid in 10 an¬nual installments. The first payment is next year. How much is the prize really worth? The discount rate is 8 percent.
To learn more about present value, please check: https://brainly.com/question/25748668
Discuss two social factors that may contribute unemployment in South Africa amongst the youth
The two social factors that may contribute to unemployment in South Africa amongst the youth are:
IlliteracyLack of productivityWhat is Unemployment?This refers to the process of not being employed and being out of work either through not being qualified or considered surplus to requirements.
With this in mind, we can see that the low education levels which is essentially illiteracy or semi literacy is one of the biggest factors in youth unemployment in South Africa and also the lack of productivity.
Read more about unemployment here:
https://brainly.com/question/734393
Lansing Corporation, a publicly held company with a 21% tax rate, paid its PEO an annual salary of $2.3 million. Ignoring payroll taxes, calculate the after-tax cost of this payment.
A) $2.3 million
B) $1.817 million
C) $2.09 million
D) $0
C) $2.09 million
Explanation: Only $1 million of the PEO's salary is deductible. After-tax cost is $2.09 ($2.3 million - $210,000 tax savings [$1 million × 21%]).
The after-tax cost of this payment is $1.817 million
How to calculate after-tax cost?Company’s tax rate = 21%
Annual salary paid to PEO = $ 2.3 million
By paying PEO’s annual salary, the following amount can be reduced from taxable income:
= Annual salary of PEO x Tax rate
= $ 2.3 million x 21%
= $ 0.483 million
Finally, effective cost of payment = $2.3 million - $0.483 million
= $1.817 million
Therefore, after-tax cost of this payment is $1.817 million
what is after-tax cost?The tax which is to be paid after subtracting savings from the actual amount of federal and state is considered as after-tax cost.
After-tax cost = Actual tax to be paid – Savings from taxable income
To know more about After-tax cost, check out:
brainly.com/question/28062298
#SPJ1
Which of the following statements accurately describes how an event will impact supply? Choose 1 answer: Choose 1 answer: (Choice A) A An increase in costs of production will cause an increase in the supply curve (Choice B) B An increase in demand will cause an increase in supply (Choice C) C An increase in price will cause supply to increase (Choice D) D A decrease in price will cause supply to increase (Choice E) E A decrease in resource costs will cause an increase in the supply curve
The statement that accurately describes how an event will impact supply is option B An increase in demand will cause an increase in supply.
What happens when supply and demand both rise?If demand and supply both rise, more will be purchased by consumers and more will be produced by businesses. The impact on price will, however, depend on the relative amount of the two changes because consumers place a higher value on each unit while producers are willing to supply each unit at a lower price.
Therefore, With everything else remaining the same, an increase in demand will result in a rise in the equilibrium price and an increase in supply. Reduced demand will result in a drop in the equilibrium price and a reduction in supply.
Learn more about demand from
https://brainly.com/question/1245771
#SPJ1
List and explain the five steps of the Inductive outline. When do you use it in business communications?
The inductive outline is commonly used in business communications such as reports, proposals, and presentations. It is particularly useful when presenting a complex idea or argument and when you want to persuade your audience to take a specific action or make a decision.
Introduction: This is where you introduce the main topic or idea. In this step, you should grab the reader's attention and set the stage for what's to come.
Background: This step provides the necessary context for the main idea. It is where you explain the history, background, and context of the topic you are discussing.
Evidence: This step is where you present evidence to support your main idea. You should provide facts, statistics, anecdotes, and other evidence that support your argument.
Analysis: In this step, you analyze the evidence you presented in the previous step. You should explain how the evidence supports your main idea and address any counterarguments.
Conclusion: The final step is the conclusion, where you summarize your main points and reinforce your argument. You should leave the reader with a clear understanding of your argument and why it is important.
for more such questions on proposals
https://brainly.com/question/1699806
#SPJ11
LA Company has a beginning cash balance of $6,000, cash receipts of $12,000, cash payments of $7,200 and an outstanding loan balance of $1,500. Their preliminary cash balance is $
Based on the information given their preliminary cash balance is $9,300.
Preliminary cash balanceUsing this formula
Preliminary cash balance= Beginning cash balance + cash receipts- cash payment -outstanding loan balance
Let plug in the formula
Preliminary cash balance=$6,000+$12,000-$7,200-$1,500
Preliminary cash balance=$9,300
Inconclusion their preliminary cash balance is $9,300.
Learn more about preliminary cash balance here:https://brainly.com/question/17270007
Answer:
10800
Explanation: