A = $1000
r = 6% per year compounded monthly, which = .5% interest per month = .005
n = the number of compounding time periods = 120 in 10 years.
For the future value of an ordinary annuity, we may substitute these values into the equation as follows:
100 * ((1+.005)120 -1)/.005 = $16,387.93
What is an annuity?An annuity is a sequence of equal payments made over a certain amount of time. The term "annuity" refers to a time period that is typically one year, although it can also be shorter or even longer. The periodic rent is the name given to these equal payments. The total of all instalments makes up the annuity's value.
An annuity due is one where the payment are made at the start of each time period as opposed to the end of the time period for an ordinary annuity. Ordinary annuities are the most common type.
The potential value and current value of a solid mass payment are comparable to the future value and current value of a dollar.
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Members of which generational group are referred to as echo boomers?
Members of the Millennial group are referred to as echo boomers.
Who are Millennials?People who were born between the 1980s and the early 2000s are referred to as "millennials," also known as Gen Y or Generation Y. Millennials are also known as echo boomers since they are Generation Xers who were mostly raised by members of the baby boomer generation.
The generation known as millennials is thought to be the most wired. They were raised in an era where communication took place primarily online through email and social media. With just a few clicks on their laptops or smartphones, they are accustomed to performing many daily tasks. They are computer literate and stay current on new devices and technologies.
About 40% of the workforce in the US is made up of professionals who are baby boomers. Baby boomers are well-versed in the majority of businesses, but today's recruiters aggressively seek out millennials, if not all of them. They already possess the tools younger competitors would require to succeed in their chosen fields.
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Green company has net credit sales of $100,000, an asset turnover ratio of 4, and a receivables turnover ratio of 9. What is the average collection period?.
Given: Net credit sales = $100,000
Asset turnover ratio = 4
Receivables turnover ratio = 9
Average collection period= 365 days / Receivable turnover (9) = 40.6 days
What is Average collection period?
The average collection period is the amount of time it takes for a company to obtain accounts receivable payments due from its clients (AR). To make sure they have enough cash on hand to cover their financial responsibilities, businesses employ the average collection period. For businesses that largely rely on receivables for their cash flows, the average collection period is an important metric since it shows how well a company manages its accounts receivable. To make sure they have enough cash on hand to cover their financial obligations, businesses determine the average collection period.
Average Collection Period = 365 Days * (Average Accounts Receivables / Net Credit Sales)
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When fire alarm sounds. Why should you evacuate children immediately even if you do not see flames?
Answer: because even if there is no fire there could be an explosion, fire and gasoline WILL make an explosion. So Basically it can start with fire but soon turn into an explosion. If it's a fire DRILL then it's for practice if that actually does happen.
Of the over $550 million dollars lent to low-income individuals or to those who do not have access to typical banking services, what was the approximate average size of a loan made by the kiva microfinance services organization?.
The approximate average size of a loan made by the kiva microfinance services company was $416.62 out of the more than $550 million dollars provided to low-income people or to those who lack access to conventional banking services.
The term "microfinance" refers to the variety of financial products that microfinance institutions (MFIs) provide to their customers, including microloans, microfinance, and microinsurance products. When social entrepreneurs started making large-scale loans of money to the working poor in the 1970s, microfinance was born.
Professor Muhammad Yunus, who shared the 2006 Nobel Peace Prize with Grameen Bank, is one person whose work in microfinance has garnered him prominence on a global scale. The ability of the impoverished to escape poverty has been proved by Yunas and Grameen Bank. Yunus also showed that, with the right structuring, loans offered to the working poor had very high repayment rates. Both social engineers and investors looking to make a profit were drawn to his work.
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Suppose that the board of directors pays the ceo a bonus in any year that the share price goes up compared to the previous year, but no bonus if the share price either falls or stays the same. What would this particular type of compensation scheme be designed to control?.
Agency Cost is type of compensation scheme be designed to control
The programming language family of Lisp includes the dialect Scheme. Guy L. Steele and Gerald Jay Sussman, the program's creators, published Scheme in the 1970s at the MIT AI Lab through a collection of documents that have come to be referred to as the Lambda Papers. Stronger support for functional programming and related methods like recursive algorithms was provided by this dialect of Lisp since it was the first to pick lexical scope and to force implementations to do tail-call optimization.An advertising agency, sometimes known as a creative agency or just a "agency," is a company that specializes in developing, organizing, and managing advertising campaigns for its clients as well as occasionally other types of promotion and marketing. In general, an advertising agency is independent of the customer; it could be an internal division or agency that offers a fresh perspective on the client's efforts to market their goods or services, or it could be a third-party company. For its customers, an agency can also handle sales as well as overall marketing and branding strategy.
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Luce is single and making $763 biweekly. she claims no federal withholding allowances. if the state tax is 19% of the federal tax, how much in state tax does luce contribute? a. $12.92 b. $15.13 c. $15.77 d. $16.34 please select the best answer from the choices provided a b c d
Luce is single and making $763 biweekly. She claims no federal withholding allowances. If the state tax is 19% of the federal tax, state tax Luce contributes $16.34
What is federal withholding allowances?
A withholding allowance is an exemption that reduces the amount of income tax you have to withhold from an employee's paycheck. A larger number of withholding allowances means smaller income tax deductions and a smaller number of allowances means larger income tax deductions. Some employees, such as those whose tax return status is single, may claim zero rebates.
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In the crowdsourcing and crowdfunding video case, what term related to crowdsourcing is used to describe connecting with an on-demand, scaleable workforce that can perform a broad range of tasks by companies such as the amazon mechanical turk marketplace?.
Amazon Mechanical Turk (MTurk) is a crowdsourcing is used to describe connecting with an on-demand, saleable workforce that can perform a broad range of tasks by companies such as the amazon mechanical turk marketplace.
People and businesses may more easily outsource their processes and occupations utilizing Amazon Mechanical Turk (MTurk), a crowdsourcing marketplace, with the aid of a distributed workforce that can do these tasks digitally. This might include anything from straightforward data verification and investigation to more sympathetic tasks like conducting surveys and content control, among others. Businesses may enhance operational processes, increase data collection and analysis, and accelerate the development of machine learning by utilizing the pooled brains, experience, and insights of a global workforce through MTurk.
Even though technology is always developing, there are still many activities that people can complete far more quickly and effectively than computers, like content moderation, data deduplication, and research.
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The stockholders of a business received a $1000 dividend. How would this affect the total equity of the business?.
The stockholders of a business received a $1000 dividend. This affects the total equity of the business as the Assets would be decreased and total equity would decrease as well.
When a stockholder pays cash dividends to shareholders, its capital is reduced by the sum of all dividends paid. However, the impact of dividends depends on the type of dividend paid by the company.
When a company generates income, working capital cash or accounts receivable increases, and the retained earnings portion of capital increases. Stock dividends have no impact on total capital or net worth. They only reduce retained earnings and increase paid-in capital by the same amount.
When a company's profit or capital increases, the overall result is an increase in the company's capital. Shareholders' equity can be increased through the sale of shares, increasing company earnings, and reducing operating costs.
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In this stage of the business-to-business buying process, firms are likely to narrow their selection to a few suppliers, often those with which they have existing relationships, and discuss key terms of the sale.
Businesses are likely to reduce their choices of suppliers during the proposal analysis, vendor negotiation, and selection stages of the business-to-business purchasing process.
More about proposal analysis, vendor negotiation:
The proposal results are compared to what was anticipated in the proposal analysis report. The period of time a proposal has so far been open is also shown in this report.
The strategic process of coming to a deal that is advantageous to both the firm and its third parties is known as vendor negotiation. It might entail numerous dialogues, mutual concessions, and the application of soft skills.
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When demand is relatively price , the coefficient for the price elasticity of demand will be less than one.
When demand is relatively price inelastic, the coefficient for the price elasticity of demand will be less than one.
What is inelastic demand?Demand is said to be inelastic when it comes to changes in economic variables.
Demand is typically elastic for goods and services where customers have numerous options, while it is typically inelastic for goods and services where consumers have few options.
In spite of price increases, consumers continue to purchase the same amount of gasoline, according to market research.
In the opposite scenario, consumers continue to make the same amount of purchases when petrol prices fall.
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Marcia has always loved nike apparel for its style and comfort. She needs new workout pants, so she purchases a pair at the nike store. This is an example of which type of purchase decision?.
I think the answer may be: Limited Problem Solving
The MIQ inventory measures how much you value status. Which two measures are measure of status?
-your social standing in the community
-how much money you have in your wallet
-the type of car that you drive
-how intelligent you have to be to perform your job
You can gauge your value status using the MIQ inventory.
These two indicators or measurements of status include:
1. Social standing in the neighbour-hood.
2. The amount of cash in your wallet.
Measurement is the quantifying of characteristics of an event or thing so that they can be compared to those of other events or objects. Or, to put it another way, measurement is the act of figuring out how big or little a physical quantity is in relation to a fundamental reference quantity of the same kind. The context and discipline have an impact on the range and use of measurement.
Measurements do not apply to nominal properties of things or events in the natural sciences and engineering, which is consistent with the rules of the International lexicon of metrology established by the International Bureau of Weights and Measurements.
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What business practice is most helped by free trade practices?
A. Increasing import revenues
B. Standardization
C. Competition
D. Preserving economic resources
SUB
Free trade practices and competition are most beneficial to company practices.
An illustration of free commerce?In a free trade area (FTA), goods from one country can enter another without being subject to import duties or quotas. Free trade areas include, for instance: Norway, Iceland, Switzerland, and Liechtenstein make up the EFTA (European Free Trade Association). NAFTA: North American Free Trade Agreement (being renegotiated).
What does free trade mean?A government policy known as free trade, often known as laissez-faire, forbids discrimination against imports and interferes with exporters by imposing duties on imports and providing exports with subsidies.
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Blissful breeze manufactures and sells ceiling fans. Each fan has a unit product cost of $112 and a unit selling price of $190. If blissful breeze produces 900 fans and sells 842 fans this month, the total cost of goods sold will be $.
Ceiling fans are manufactured and sold by Blissful Breeze. Each fan costs $112 to produce every unit and sells for $190 per unit. If BB makes 900 fans this month and sells 842 of them, the cost of goods sold COGS will be product cost X quantity sold. $112 X 842 = $94,304
More about cost of goods sold COGS:
The only costs included in the metric are those that are directly related to the production of the goods, such as the cost of labour, materials, and manufacturing overhead. Cost of goods sold (COGS) is the cost of purchasing or making the things that a company sells during a period.
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At the end of march, paul’s painting hired five temporary employees to work on a project that began on april 5 and ended on april 28. Paul’s received 100% of the total payment for the project on may 3. In this situation, both ________ accounting and gaap require that paul’s recognize the employees’ total salary expense in ________.
Paul’s received 100% of the total payment for the project on May 3. then in the given situation, both accrual basis accounting and GAAP require that paul’s recognize total salary expense in April.
Recognizing revenue as it is received and expenditure, as it is incurred, is the idea behind accrual basis accounting. The application of this strategy also has an influence on the balance sheet, as receivables or payables may be reported even in the absence of an accompanying cash receipt or cash payment, respectively. Using estimations is necessary in several situations when using the accrual basis. For instance, a business has to account for expected bad debt costs that haven't yet materialized. This leads to an income statement that completely represents the outcomes of operations as all costs associated with a revenue transaction and payment are recorded at the same time as the revenue.
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A data warehouse is a __________ collection of data, gathered from many different __________ databases, that supports business analysis activities and decision-making tasks.
A data warehouse is a logical collection of data, gathered from many different operational databases, that supports business analysis activities and decision-making tasks.
A data warehouse is a sort of data management system created to facilitate and assist business intelligence (BI) activities, particularly analytics. Data warehouses frequently have a lot of historical data and are only meant to be used for queries and analysis.
The term "logical collection" refers to gathering information from the virtual constructs that an operating system displays to a user.
A real-time data management and storage system is known as an operational database. An operational database serves as a data warehouse's source. An operational database can have elements added and removed instantly. These databases can either be built on SQL or NoSQL, with the latter being more suited to real-time operations.
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When a policy is mailed to an agent by an insurer after being accepted as applied for and the initial premium paid, it is considered to be? a rated b issued c legally delivered d purchased
Knowing the terms of your insurance agreements might help to ensure this. Acceptance occurs when the insurance provider decides to cover you.
Insurance companies use the premiums that customers and policyholders pay to them to pay for obligations related to the policies that they insure.
the monthly premium you pay for health insurance. You typically have to pay a deductible, copayments, and coinsurance in addition to your premium for your health care.
Your insurer will pay for the coverages specified in the insurance policy, like as liability and collision coverage, once your premium has been paid. Although each insurance provider sets its prices in a unique way, your premium is often determined by information about you, such as the kind of automobile you drive.
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Part of the economic problem is that resources are limited. that is, we have a(n) _________ amount of these available at any one time.
Part of the economic problem is that resources are limited. that is, we have a fixed amount of these available at any one time. The monthly amount will also remain constant, albeit the proportions of the payment going toward paying off the interest and the principle will change.
A fixed-rate payment is frequently referred to as a "vanilla wafer" payment, owing to its predictability and lack of surprises. The overall amount owed in a fixed-rate payment remains constant over the life of the loan, however the percentage that goes to interest and principle varies. Mortgage loans are the most common example of fixed-rate payments.
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Interest on a savings account is considered income. False False
A small business owner visits her bank to ask for a loan. The owner states that she can repay a loan at $1,000 per month for the next three years and then $2,000 per month for two years after that. If the bank is charging customers 7. 5 percent apr, how much would it be willing to lend the business owner?.
The answer is $72,800
over the next several years the number of corn producers is expected to increase. as a result, the supply of corn will and the supply curve of corn will .
Over the next several years the number of corn producers is expected to increase. as a result, the supply of corn will increase
What is demand and supply ?Supply is the quantity of items producers are willing to offer, and demand is the number of goods and services consumers are willing to purchase at a given price. The price of products and services is determined by supply and demand. If there is a shortage and a great demand, the price will increase.
The amount of a commodity that the producers make accessible to the purchasers or consumers at a given price is known as the supply. Demand is the consumer's desire, willingness, and financial capacity to purchase the good or service.Learn more about Demand and supply here:
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Suppose that the board of directors pays the ceo a bonus in any year that the share price goes up compared to the previous year, but no bonus if the share price either falls or stays the same. What would this particular type of compensation scheme be designed to control?.
The CEO receives a bonus from the board of directors whenever the share price increases over the prior year, but not when it remains constant. This style of compensation plan is intended to control Agency Costs.
A bonus could be given to a worker in addition to their regular pay. It is often used by corporations to express gratitude or acknowledgement to employees or a team that has successfully completed significant tasks. Bonus compensation is additionally offered to increase employee motivation, drive, and performance.
A form of internal business expense known as an agency cost results from an agent acting on behalf of a principal. Typical causes of agency costs include fundamental inefficiencies, complaints, and disruptions, such as conflicts of interest between shareholders and management. The acting agent is the recipient of the agency fee payment.
Shareholders suffer charges known as agency costs as a result of disputes between an organization's owners and management. One type of agency cost is incurred when managers put money into endeavors that are only for their own advantage and not the shareholders.
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Crops produced entirely for the market are known as:_____.
a. basic crops.
b. mixed crops.
c. hybrid crops.
d. cash crops.
Answer:
Cash Crops
Explanation:
Cash ---> economic stuf ----> l o g i k
As of december 31, $2,500 of interest expense has accrued on a $50,000 note payable. The note payable and the accrued interest will become due and payable next year. How will the interest affect the adjustments at the end of the period?.
As of December 31, a $50,000 debt payable has a $2,500 interest charge. Both the outstanding debt and the interest will be due and payable next year. Interest expenses should be increased because the cost of interest is tied to the present.
The entire amount of interest a borrower will pay during the life of the debt is referred to as the interest cost. To reduce interest costs, employ negative points and refunds. A loan study should evaluate opportunity costs, tax benefits, and closing fees in addition to interest rates.
To calculate interest expenses, multiply a company's total debt by the average interest rate on its liabilities. If a firm had a $100 million debt with an average interest rate of 5%, it would incur an interest cost of $5 million ($100 million x 0.05).
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Linda bought a new computer online, but she soon realized that it didn’t have enough memory to run her programs. Which risk associated with purchase decisions occurred?.
Actual or perceived risk associated with purchase decisions occurred. The quantitative components of risk are referred to as actual risk.
What is the difference between perceived and actual?The actual value of a product is very different from its perceived value. The product's perceived value is how much a customer thinks it is worth. The benefits that the customer anticipates obtaining from his purchase and the opinions of the market both contribute to this perception.
It includes elements like the risk's impact, likelihood, and severity. Risk perception is a personal assessment of a person. It combines elements like sentiment, background information, and individual experiences.
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currency trading lacks profitability for large commercial and investment banks but is maintained as a service for corporate and institutional customers.
It is False currency trading lacks profitability for large commercial and investment banks but is maintained as a service for corporate and institutional customers.
What is Currency trading ?A global decentralised or over-the-counter market for trading currencies is known as the foreign exchange market. For every currency, exchange rates are set by this market. It covers all facets of acquiring, disposing of, and exchanging currencies at determined or actual prices.
The buying and selling of currencies on the foreign exchange market with the aim of making profits is known as currency trading, often known as foreign exchange or Forex. Trading in forex on a speculative basis is the term used.Learn more about Currency trading here:
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Which item in a bring your own device (byod) policy helps resolve intellectual property issues that may arise as the result of business use of personal devices?
Onboarding/offboarding XXXX item in a bring your own device (BYOD) policy helps resolve intellectual property issues that may arise as the result of business use of personal devices
This is further explained below.
What is Onboarding/offboarding XXXX?Generally, Any computer equipment not owned by the District that can connect to the Internet, often wirelessly, and is carried to or used off-site to access District technology services is referred to as a "personal device." Examples include laptops, tablets, and smartphones.
In conclusion, Bring your own device (BYOD) policies include an onboarding/offboarding XXXX item that helps handle intellectual property concerns that may occur as a consequence of employees using their own devices for corporate purposes.
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You visit a local bank that is fdic-insured to open a checking account. Assume that you can only ask the bank representative one question before you open your account. What would it be?.
You can ask the bank if it's account pays interest.
If interest is paid on checking accounts, it typically has a relatively low rate. Although they often demand bigger balances, high-yield checking accounts pay higher interest rates. Savings accounts provide greater interest rates, but because they are meant for saving, they are governed by separate laws.
There are monthly withdrawal limits on savings accounts set by federal rules, which all banks must follow. Additionally, certain banks may impose fees on customers who often withdraw money from their savings accounts. In order to determine what is applicable, it is a good idea to review the deposit agreement and any disclosures from your bank. You can do this while examining the potential interest rate for the account.
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Manufacturing overhead applied to production is always recorded on the side of the manufacturing overhead account and the side is always used to record the actual manufacturing costs incurred. True or false?.
True, Manufacturing overhead applied to production is always recorded on the side of the manufacturing overhead account and the side is always used to record the actual manufacturing costs incurred.
The actual manufacturing overhead costs incurred during a period are recorded as debits within the manufacturing overhead account. For instance, assume Custom company places $4,200 in indirect materials into production on May 10. The overhead account is debited for the particular overhead costs as incurred.
The overhead account is credited for the overhead costs applied to production within the work-in-process account. The Manufacturing Overhead account is credited when overhead cost is applied to figure in Process. Generally, the number of overhead applied won't be the same because the amount of actual cost incurred, since the predetermined overhead rate, which is employed in applying overhead, relies on estimates.
(However, the corporate may opt to allocate the manufacturing overhead for internal pricing decisions or to accommodate a government contract.) Manufacturing overhead is an element of a company's manufacturing operations, specifically, the prices incurred outside of these associated with the price of direct materials and labor. This can be why manufacturing overhead is additionally called an indirect cost.
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manufacturing overhead applied to production is always recorded on the side of the manufacturing overhead account and the side is always used to record the actual manufacturing costs incurred.
The manufacturing overhead account's credit side represents manufacturing overhead applied to production, and the debit side represents manufacturing expenses paid.
The overall cost associated with running all production facilities for a manufacturing enterprise that cannot be linked directly to a product is known as factory overhead, also known as manufacturing overhead, work overhead, or factory burden in American English. Typically, indirect costs and indirect labor are impacted.
What exactly does manufacturing overhead include?You must total up all indirect costs associated with the manufacturing of a product to determine manufacturing overhead. Depreciation costs, manufacturing supplies, electricity, insurance, machine maintenance, indirect materials and labor, and other costs are included in this.
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