Answer:
$32,183.77
Explanation:
A- monthly payment, r- monthly interest rate, n- number of months
A- 200, r- 7%/12 =0.583%, n = 40 × 12 = 480
FV = 200× (1- (1.00583)^(-480))/0.00583
=32,183.767
= $32,183.77
She invests in the US stock market in an index fund that averages a 7%. The annual return over this 40 year period is $32,183.77.
What is index fund?
A mutual fund or exchange-traded fund that tracks a certain basket of underlying investments is known as an index fund. Index funds must adhere to a set of predetermined regulations.
An index fund is a combination of stocks or bonds created to closely resemble the make-up and performance of an index of the financial markets. In comparison to actively managed funds, index funds incur fewer costs and fees. Investing is done passively with index funds.
I- 200
r- 7%/12 =0.583%
n = 40 × 12 = 480
FV = 200× (1- (1.00583)^(-480))/0.00583
=32,183.767
Hence, The annual return over this 40 year period is $32,183.77.
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If a student from science class asked to borrow $200 and promised to repay you in 5 months, would you lend it to him?
Answer:
No
Explanation:
Because they most likely would not remember about the money so you're giving your money for nothing
No, If a student from science class asked to borrow $200 and promised to repay you in 5 months, you lend it to him.
What is the rule about lending money?It is acceptable to lend money, and when you do, the borrower is obligated by law to repay the debt. If your borrower defaults on a lesser loan, you can file a small claims lawsuit against them. Although this could come across as harsh, it's crucial to comprehend it right away.
However, whether or not to lend money to someone is a personal decision that depends on various factors such as the relationship with the person, their track record of repaying debts, and one's own financial situation. It is important to carefully consider all factors before making a decision to lend money to someone.
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Tom prepares an elaborate financial plan and tries sticking to it very strictly. He is concerned about eventualities that might occur in the future and disturb his plan. What practice can help him prepare for any problems with his plan?
Answer:
Tom should review and revise his plan on a regular basis, e.g. once a year or once every 6 months. A financial plan is a budget, and like all budgets, it represents an estimate or forecast of future events. If any person was able to predict the future and be 100% right every time, they would play the lottery and earn millions every week. The future is always uncertain, and just like a company must review and revise their forecasts, so should Tom. This advice applies to all of us that try to stick to some type of financial plan.
SEE
What characters can be included in a macro name? Check all that apply.
letters
numbers
spaces
underscores
BO
symbols
Answer:
Letter
Number
Underscores
Explanation:
A Macro names should mainly comprise of alphanumeric characters which is made up of mainly letters and numbers. Underscores as well as the first key being in capital is also important.
Space isn’t necessary as it has no clearly defined function .
Answer:
1) Letters
2) Numbers
3) Underscores
Explanation:
got it right on edge
Suppose that Kathy uses her credit card to cover her expenses and pay her bills. She accumulates a balance of $12,500 at an annual interest rate of 21%. Determine the future value of the total amount she will have to repay, if she takes 6 years to pay it off. Briefly, explain how excessive credit usage can’t lead into financial burden or default on your loans. (Show your work)
Answer:
$39,230.35
Explanation:
Balance = $12,500
Rate of Interest = 21%
Duration to repay = 6 years
Future pending amount =[12,500 * (1 + 0.21)^6]
Future pending amount = 39,230.35
Thus, Kathy have to repay $39,230.35 at the end of 6 years.
Excessive credit usage would not lead to default on your loans because credit card companies offer loan when you maintain a healthy balance sheet which means you maintain a specific amount in your account always which can repay the loan easily. Keeping extra money in your account reduce the probability that customers default on loans.
Which of the following was not an effect of the Norris LaGuardia Act?
The selling price of an item is $455. It is marked down by 20%, but this sale price is still marked up from a cost of $280. Find the markup from the cost to sale price.
Answer:
$84
Explanation:
Calculation to Find the markup from the cost to sale price
Using this formula
Cost to sale price markup=[Selling price-(Marked down percentage *Selling price)]- Sale price marked up
Let plug in the formula
Cost to sale price markup=[$455-(20%*$455)]-$280
Cost to sale price markup=($455-$91)-$280
Cost to sale price markup=$364-$280
Cost to sale price markup=$84
Therefore the markup from the cost to sale price will be $84
The total cost of producing a given level of output is:____.
a. minimized when marginal product multiplied by input price is equal for all inputs.
b. minimized when the marginal products of all inputs are equal.
c. maximized when a corner solution exists.
d. minimized when the ratio of marginal product to input price is equal for all inputs.
Answer:
The total cost of producing a given level of output is:____.
d. minimized when the ratio of marginal product to input price is equal for all inputs.
Explanation:
With the above situation, the marginal cost (input price) = the marginal revenue (marginal product). The producer can then maximize profit if it can lower its average total cost per unit below the marginal cost for producing one additional unit of its product. In all cost situations, it is better for the producer to have the total revenue exceeding the total costs, at all times, but more especially with increasing production.
_______ is not considered to be a "developing" nation. A. Brazil B. India C. China D. Japan E. Mexico
Answer:
A. Brazil
Explanation:
A bond has a coupon rate of 8.6 percent and 5 years until maturity. If the yield to maturity is 8.2 percent, what is the price of the bond? (Do not round intermediate calculations. Round your answer to 2 decimal places.)
Answer:
$1,015.89
Explanation:
Annual coupon = 1000*8.6% =86
Present value of annuity = Annuity[1-(1+interest rate)^-time period]/rate
= 86*[1-(1.082)^-5]/0.082
= 86*3.971751714
Present value of discounting factor=1000/1.082^5
= 674.316359
= 1000*0.674316359
Price of bond = Annual coupon*Present value of annuity factor(8.2%,5) + $1000*Present value of discounting factor(8.2%,5)
Price of bond = 86*3.971751714 + $1000*0.674316359
Price of bond = 341.570647404 + 674.316359
Price of bond = 1015.887006404
Price of bond = $1,015.89
Which career advancement tool serves as a collection of various aspects related to your professional life?
A (Blank ) is a collection of your activities, performances, awards, and experiences that relate to your professional life.
Answer:
Career portfolio
Explanation:
Recovery of Previously Written Off A/R
September 10-King pays the $200 previously
written off as uncollectible.
Prepare both journal entries.
Answer and Explanation:
The journal entries are shown below
On Sep 10
Account receivable - king $200
To Bad debt expense $200
(Being the reinstate previously written off account receivable is recorded)
Here account receivable is debited as it increased the assets and credited the bad debt expense as it decreased the expenses
On Sep 10
Cash Dr $200
To Account receivable - king $200
(Being cash collection is recorded)
Here the cash is debited as it increased the assets and account receivable is credited as it decreased the assets
If the owner of a concert hall wishes to use third-degree price discrimination to price its tickets at $20, $15, and $10, it should price tickets lower for customers who
Answer: more elastic in their demand for tickets
Explanation:
Third-degree price discrimination is used by company when different price is being charged to a particular group of consumers.
Based on the scenario in the question, the owner of the concert hall should price tickets lower for customers who are more elastic in their demand for tickets.
Elastic demand simply means that a little change in the price of the concert hall will lead to a higher change in the quantity demanded. In this case, when the price increases, such people will buy little tickets. Therefore, the prices should be set lower for these set of people as there will be a huge increase in demand when the price is lower.
Alba wants to learn how to grow orchids and looks online for a podcast that discusses the correct variety, soil mixture, amount of light needed, and how often to water the plants. This is an example of content marketing because
Answer: it includes media such as videos, podcasts, webinars and blog posts.
Explanation:
Content marketing is a marketing approach that is used by businesses or organizations to give valuable information and content to the customers or a particular audience.
Content marketing includes e-books, blog posts, podcasts, educational articles, videos, and webinars. Content marketing helps in answering certain questions and also give the audience something different that they can't get somewhere else.
Which franchise model legally obligates a franchisee to replicate all aspects of the franchisor’s business?
In case of a ________ franchise, the franchisee is contractually bound to replicate all aspects of the franchisor’s business.
Answer:
Business format
Explanation:
The business format franchise model is an agreement in which the franchisor provides the franchisee with the established business that involved the name, trademark also it could be run in an independent way. The commission is to be taken by the franchisor from the franchisee in providing this service
Therefore as per the given situation, the business format would be relevant and the same is to be considered
what is the four international payment method
A price tactic that requires the purchaser to bear the freight cost from the shipping point is called
Answer:
The appropriate approach is "FOB origin pricing".
Explanation:
Above mentioned pricing strategy seems to be socioeconomic pricing during which the commodities were mostly positioned cheap or discounted on the platform the manufacturer or company. Throughout this particular instance, that the farther the consumers seem to be from the retailers, the further individuals charge, so even though the export prices recommendation system with either the length goods being shipped.Chang Industries has 2,200 defective units of product that already cost $18 each to produce. A salvage company will purchase the defective units as is for $7 each. Chang's production manager reports that the defects can be corrected for $10 per unit, enabling them to be sold at their regular market price of $23. The $18 per unit is a:
Answer:
The $18 per unit is a:
sunk cost.
Explanation:
Chang's cost incurred per unit of $18 is a sunk cost. A sunk cost is a cost that has already been incurred. It does not make a difference in a future decision. This implies the Chang may decide to correct the defect or otherwise. What decision it takes should be based on the cost and revenue that results from the next decision, and not the past decision.
If the market interest rate is 6%, a $10,000, 7%, 5-year bond, that pays interest semiannually would sell at an amount:
a. greater than face value.
b. less than face value.
c. less than the maturity value.
d. equal to face value.
Answer:
a. greater than face value
Explanation:
If the coupon rate of the bond is greater than its yield to maturity or market interest rate, the bond would sell at an amount greater than face value.
If the MPC is 0.80 and the government increases spending on cancer research by $15 billion.(a) What is the value of the initial impact on real GDP? What is the value of the total impact on real GDP? What effect do you think a $50 billion increase in government spending will have on the economy?(b) Assume the MPC is 0.80 and policy makers have targeted real GDP to increase by $200 billion. By how much must taxes be reduced to achieve this goal?
Answer:
(a) What is the value of the initial impact on real GDP? What is the value of the total impact on real GDP? What effect do you think a $50 billion increase in government spending will have on the economy?
The initial impact will be $15 billion.
The total impact should = $15 x [1 / (1 - 0.8)] = $15 x (1/0.2) = $15 x 5 = $75 billion.
If the government increased expending by $50, the total impact = $50 x 5 = $250 billion
(b) Assume the MPC is 0.80 and policy makers have targeted real GDP to increase by $200 billion. By how much must taxes be reduced to achieve this goal?
tax multiplier = 0.8 / (1 - 0.8) = 0.8 / 0.2 = 4
the government should decrease taxes by $200 / 4 = $50 billion
Which of the following best describes the brainstorming process?
A discard ideas that don't meet with instant approval from all group members
B focus on quantity, not quality, of ideas during the brainstorming process
C briefly evaluate each idea as soon as it's stated
D discourage wild or crazy ideas
Answer:
C briefly evaluate each idea as soon as it's stated
Explanation:
Brainstorming is a group decision making strategy. Under brainstorming, group members are encouraged to propose solutions or ideas on the agenda. The group seeks to have as many possible alternatives as possible.
Every proposal is discussed in detail. Its pros and cons are given due consideration. The proposal favored by the majority, or the one that satisfies all members, is picked as the group's decision.
An insurance annuity offers to pay you $1,000 per quarter for 20 years. If you want to earn a rate of return of 6.5 percent, compounded quarterly, what is the most you are willing to pay as a lump sum today to obtain this annuity
Answer:
the amount that willing to pay is $44,591.11
Explanation:
The computation of the amount that willing to pay is as follows:
The Present Value of an Ordinary Annuity is
= Amount × [{1 - (1 ÷ (1 + rate of interest)^n} ÷ rate of interest]
= $1,000 × [{1 - (1 / (1 + 0.065 ÷ 4)^100} ÷ 0.065 ÷ 4]
= $44,591.11
Hence, the amount that willing to pay is $44,591.11
We simply applied the above formula so that the correct value could come
And, the same is to be considered
Costello Corporation reported pretax book income of $502,000. During the current year, the reserve for bad debts increased by $9,000. In addition, tax depreciation exceeded book depreciation by $42,000. Finally, Costello received $4,000 of tax-exempt life insurance proceeds from the death of one of its officers. Costello's deferred income tax expense or benefit would be:________.
Answer: $11220
Explanation:
Based on the scenario in the question, first, we.have to calculate the difference in net tax which will be:
= $42000 - $9000
= $33,000
Using a tax rate of let's say 34%, Costello's deferred income tax expense would be:
= $33,000 × 34%
= $33000 × 0.34
= $11220
What is it about incentive systems that makes them so attractive to leaders attempting to implement organizational change
Answer:
Incentive systems are so attractive to leaders who attempt to implement organizational change because they are powerful tools that can influence and motivate workers to embrace organizational change.
Explanation:
Incentive systems promote and encourage specific workers' actions or behavior. They are particularly used in businesses to motivate employees to adopt certain behaviors during a change transition by management. Studies have shown that if correct incentive systems are correctly selected, implemented, and monitored, they can increase team performance by an average of 44 percent. This improved performance makes incentive systems attractive to leaders who are implementing organizational changes.
What does reconciling an account involve? checking one's financial records against the bank’s making sure a paycheck arrives on time calculating the interest owed on a savings account identifying instances of identity theft
Answer:
checking one's financial records against the bank’s
Explanation:
Reconciling an account is the regular confirmation that the reported balances are accurate. It involves checking one's account against bank balances to ensure the figures are tallying. Reconciling may require making adjustments to capture omitted transactions and charges. In practice, reconciliation involves comparing one financial records against the bank statement.
Answer:
checking one's financial records against the bank’s
Explanation:
When the allowance method is used for bad debts, the entry to write off an individual account known to be uncollectible involves a
Answer:
debit to the Allowance account.
Explanation:
GAAP is an acronym for Generally Accepted Accounting Principles, it comprises of the accounting standard, procedures and principles used by public institutions in the United States of America. The U.S GAAP is issued by the Financial Accounting Standards Board (FASB) and adopted by the U.S. Securities and Exchange Commission (SEC).
IFRS is an acronym for International Financial Reporting Standards, it comprises of a set of accounting standards or rules issued by the International Accounting Standards Board (IASB). The International Financial Reporting Standards ensures that statement of income, when reported by accountants is consistent, transparent and comparable globally.
According to the Generally Accepted Accounting Principles (GAAP), when the allowance method is used for bad debts, the entry to write off an individual account known to be uncollectible involves a debit to the allowance account.
What are the legal steps to take when trying to start a business
There are 3 major forms of business ownership
Sole Proprietorship
Partnership
Private Limited Liability Company
If you are to start a business, which of these form of business would you pick and what are your reasons
Answer:
partnership
Explanation:
because I don't know what I will do if i don't have a partner and you two would brainstorm so you can do it well and right
Watson Corporation is considering buying a machine for $25,000. Its estimated useful life is 5 years, with no salvage value. Watson anticipates annual net income after taxes of $1,500 from the new machine. What is the accounting rate of return assuming that Watson uses straight-line depreciation and that income is earned uniformly throughout each year
Answer:
12%
Explanation:
Accounting rate of return = Average net income / Average book value
Average book value = (Cost of equipment - salvage value) / 2
Average book value = ($25,000 - 0) / 2 = $12,500
AAR = $1500 / $12,500 = 0.12 = 12%
What is persecution
Answer:
: to harass or punish in a manner designed to injure, grieve, or afflict specifically : to cause to suffer because of belief.
Explanation:
my name is landon whats urs
Answer:
lloyd
Explanation:
Outline one proactive step the Meanwells might take to reduce the price sensitivity of their bus service so they can increase the price charged?
Answer:
i need help with this too:( also merry early christmas
Explanation: