a bank representative studies compound interest, so she can better serve customers. she analyses what happens when $2,000 earns interest several different ways at a rate of 2% for 3 years. a. find the interest if it is computed using simple interest. fill in the blank 1 b. find the interest if it is compounded annually. fill in the blank 2 c. find the interest if it is compounded semi-annually. fill in the blank 3 d. find the interest if it is compounded quarterly.

Answers

Answer 1

The interest if it is computed using simple interest will be $720 dollars.

The interest if it is compounded annually will be $809.86 dollars.

The interest if it is compounded semi-annually will be $837.04 dollars.

The interest if it is compounded quarterly will be $851.52 dollars.

The interest rate means the number borrower charges a borrower and is a percentage of the principal—the number loaned. The interest rate on a loan is kind of noted on an annual basis called as the annual percentage rate (APR).

To determine the interest, it can be calculated by this formula:

2000 x 3 x 12/100 = 720 dollars.

When interest is compounded annually, the interest will be:

2000 (1.12)³ - 2000 = $809.86

If the Interest is compounded semiannually

2000(1.06)⁶ - 2000= $837.04

if it is quarterly compounded, the interest will be:

2000(1.03) x 2 - 2000 = $851.52

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Related Questions

true or false: research shows that every dollar spent on multisystemic family therapy saves taxpayers five dollars.

Answers

Research shows that every dollar spent on multisystemic family therapy saves five dollars this statement is true.

What Is a Taxpayer?

Any person or company that must pay taxes to the federal, state, or municipal governments is considered a taxpayer. The majority of a government's income comes from taxes, both on citizens and on enterprises.

Who or what is a taxpayer, and why?

The word "taxpayer" comes from a period when buildings were built at a low cost in densely inhabited areas so that property owners could reclaim their property taxes.

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Based on the information provided how would you calculate the annual net income?annual activities service income $50,000accounts receivable $2,000advertising expense $1,000licenses expense $500supplies expense $5,000telephone expense $3,000a) service income - accounts receivable
b) service income
c) service income - (advertising + licenses + supplies + telephone)
d) (service income + accounts receivable) - (advertising + licenses + supplies + telephone)
e) service income - (accounts receivable + advertising + licenses + supplies + telephone)

Answers

The annual net income can be calculated as option C: Service income - (advertising + licenses + supplies + telephone).

Net income is the entire amount of money that a person or company made over a specific time period after deducting taxes, costs, and interest. It also goes by the titles "profit," "net earnings," and "net profit."

To calculate the annual net income, we need to subtract all expenses from the total revenue.

The total revenue is $50,000.

The total expenses are $1,000 (advertising), $500 (licenses), $5,000 (supplies), and $3,000 (telephone).

Therefore, the annual net income can be calculated as follows:

Service income - (advertising + licenses + supplies + telephone).

$50,000 - ($1,000 + $500 + $5,000 + $3,000) = $40,500

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Correct question is:

Based on the information provided how would you calculate the annual net income?

Annual activities

service income $50,000

accounts receivable $2,000

advertising expense $1,000

licenses expense $500

supplies expense $5,000

telephone expense $3,000

a) service income - accounts receivable

b) service income

c) service income - (advertising + licenses + supplies + telephone)

d) (service income + accounts receivable) - (advertising + licenses + supplies + telephone)

e) service income - (accounts receivable + advertising + licenses + supplies + telephone)

to calculate the percentage change in price, the midpoint formula divides the____change in price by the_____and then multiplies by 100.

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When we talk about the percentage change in price, we are essentially trying to determine the extent to which the price of a particular item or product has increased or decreased over a specific period. This is an important metric for businesses and investors to track as it can have a significant impact on their bottom line.

The midpoint formula involves dividing the change in price by the midpoint, which is the average of the initial and final prices. Once we have this value, we then multiply it by 100 to express it as a percentage. This formula is particularly useful in cases where the initial and final prices are quite different from one another.

For example, let's say that the price of a product was $50 initially and increased to $70 after a month. To calculate the percentage change in price using the midpoint formula, we first need to find the midpoint, which is ($50 + $70) / 2 = $60. Now, we can calculate the change in price, which is $70 - $50 = $20.

In conclusion, the midpoint formula is a valuable tool for businesses and investors looking to calculate the percentage change in price accurately and efficiently. By dividing the change in price by the midpoint and multiplying by 100, we can express this value as a percentage, which provides us with valuable insights into market trends and potential profits.

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On December 31, 2019, Carla Vista Company leased machinery from Terminator Corporation for an agreed upon lease term of 3 years. Carla Vista agreed to make annual lease payments of $22,000, beginning on December 31, 2019. The expected residual value of the machinery at the end of the lease term is $11,000. Carla Vista guarantees a residual value of $11,000 at the end of the lease term, which equals the expected residual value of the machinery. What amount will Carla Vista record as its lease liability if the expected residual value at the end of the lease term is $8,000 and Carla Vista guarantees a residual of $11,000. Its incremental borrowing rate is 4% and the implicit rate of the lease is unknown? (For calculation purposes, use 5 decimal places as displayed in the factor table provided and round final answer to 0 decimal places, e.g. 5,275.) Click here to view factor tables. Lease liability 64,853.50 LA $

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On December 31, 2019, Carla Vista Company leased machinery from Terminator Corporation for an agreed upon lease term of 3 years. Carla Vista agreed to make annual lease payments of $22,000, beginning on December 31, 2019. The expected residual value of the machinery at the end of the lease term is $11,000.

Carla Vista guarantees a residual value of $11,000 at the end of the lease term, which equals the expected residual value of the machinery. What amount will Carla Vista record as its lease liability if the expected residual value at the end of the lease term is $8,000 and Carla Vista guarantees a residual of $11,000. Its incremental borrowing rate is 4% and the implicit rate of the lease is unknown ? The annual lease payments are $22,000. The total amount of lease payments for 3 years can be calculated as:  Total amount of lease payments = $22,000 × 3= $66,000Expected residual value is $11,000 and the guaranteed residual value is also $11,000.

The difference between the expected residual value and the guaranteed residual value is $3,000. The present value of this amount can be calculated as:  Present value of the difference = $3,000 × 0.82041= $2,461.23The lease liability should be recorded as the present value of the lease payments and the present value of the guaranteed residual value. The present value of the lease payments can be calculated using the present value of an ordinary annuity factor at 4% for 3 years as provided in the table.  Present value of the lease payments = $22,000 × 2.77509= $61,051.98

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when+the+switch+in+the+figure+is+closed,+the+current+takes+3.00+ms+to+reach+98.0%+of+its+final+value.+if+r+=+11.00+,+what+is+the+inductance?

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The growth rate of current in an inductor is dependent on the time constant L/R. The time required for the current in an inductor to reach 98 percent of its maximum value after the closing of a switch is given by the equation $$I = I_{\max}(1 - e^{-\frac{t}{L/R}})$$We can use the given equation to find the value of inductance, given that the value of resistance is 11.00Ω.

It can be rewritten as:$$\frac{I}{I_{\max}} = 1 - e^{-\frac{t}{L/R}}$$$$\frac{I_{\max}-I}{I_{\max}} = e^{-\frac{t}{L/R}}$$Taking the natural logarithm of both sides of the equation will give us:$$\ln(\frac{I_{\max}-I}{I_{\max}}) = -\frac{t}{L/R}$$Simplifying the equation gives us:$$L = -\frac{Rt\ln(\frac{I_{\max}-I}{I_{\max}})}{1000}$$Where I am the current that is 98% of its final value.

We can now substitute the given values into the equation above. Given that the time constant t is 3.00 ms and the resistance R is 11.00Ω, we can write:$$L = -\frac{11.00\text{ }\Omega\times3.00\text{ ms}\times\ln(\frac{0.98I_{\max}}{I_{\max}})}{1000}$$Simplifying the equation gives us:$$L = -\frac{0.033\text{ }\text{H}}{\ln(0.98)}$$$$\boxed{L = 31.25\text{ }\text{mH}}$$Therefore, the inductance is 31.25 mH.

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To become a Dentist, you have to take on $400,000 in debt (Student Loans, Living Expenses while in school, etc.). The average Dentist salary is $150,000. If living expenses after school are $90,000 per year, how many years will it take to pay off the $400,000 debt? (Don't account for interest or inflation in this scenario)

Round your answer to the nearest hundredth

Answers

It would take the dentist 6.67 years to repay the student loan of $400,000

How much is left each year after living expenses are deducted from salary?

The amount remaining after living expenses are deducted from the annual salary of $150,000 is $60,000(i.e. $150,000-$90,000) which would be used entirely to repay the student loan of $400,000

The number of years it takes to fully settle the loan or payback period for the loan repayment is determined as the total loan amount divided by the annual loan repayment of $60,000

payback period=$400,000/$60,000

payback period=6.67 years

Note that nearest hundredth means to 2 decimal places

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You are a manager in charge of monitoring cash flow at an online retailer that sells some of its own toys as well as some from popular brands like Melissa & Doug. You recently received a preliminary report from your website sales that suggests the growth rate in your Melissa & Doug brand total sales have leveled off, and that the cross-price elasticity of demand between your own branded toys and Melissa & Doug toys is 1.7. In 2021, your company earned about $70,000 from sales of Melissa & Doug toys and about $60,000 from sales of your own branded toys. If the own price elasticity of demand for your own branded toys is -2.5, how will a 2 percent increase in the price of your own toys affect your overall revenues from both your own brand and your sales of Melissa & Doug branded toys?

Answers

A 2 percent increase in the price of your own branded toys would lead to a decrease in total revenue of $2,080.

Based on the information provided, we can use the formula for cross-price elasticity of demand to calculate the percentage change in quantity demanded of Melissa & Doug toys in response to a percentage change in the price of your own branded toys:

Cross-price elasticity of demand = (% change in quantity demanded of Melissa & Doug toys) / (% change in price of your own branded toys)

We know that the cross-price elasticity of demand is 1.7, so:

1.7 = (% change in quantity demanded of Melissa & Doug toys) / 0.02

Solving for the percentage change in quantity demanded of Melissa & Doug toys, we get:

% change in quantity demanded of Melissa & Doug toys = 1.7 x 0.02 = 0.034 = 3.4%

This means that a 2 percent increase in the price of your own branded toys will lead to a 3.4 percent decrease in the quantity demanded of Melissa & Doug toys.

To calculate the total revenue change, we need to calculate the price elasticity of demand for your own branded toys:

Price elasticity of demand = (% change in quantity demanded of your own branded toys) / (% change in price of your own branded toys)

We know that the price elasticity of demand is -2.5, so:

-2.5 = (% change in quantity demanded of your own branded toys) / 0.02

Solving for the percentage change in quantity demanded of your own branded toys, we get:

% change in quantity demanded of your own branded toys = -2.5 x 0.02 = -0.05 = -5%

This means that a 2 percent increase in the price of your own branded toys will lead to a 5 percent decrease in the quantity demanded of your own branded toys.

To calculate the total revenue change, we can use the formula:

Total revenue change = (% change in quantity demanded) x (% change in price) x Total revenue

Total revenue in 2021 was $130,000 ($70,000 from Melissa & Doug toys and $60,000 from your own branded toys). So a 2 percent increase in the price of your own branded toys would result in:

Total revenue change = (-5% + 3.4%) x 2% x $130,000

Total revenue change = -1.6% x $130,000

Total revenue change = -$2,080.

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mona is a licensee who strives to be professional in all of her actions, so how does she keep her business account?

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According to rules governing the practice of licensee, Mona would keep her business account by acquiring a valid license, received from the legal authority, to lawfully operate or do business in a certain area or location.

Who is a Licensee?

A Licensee is a term that is used in real estate to describe a person that has been assigned limited permission to use or occupy a property whether physical or intellectual property.

As a licensee who strives to be professional in all of her actions, Mona is expected to keep her business account by doing the following:Establish a business name operating licensee workHave the financial strength to prove to the licensor that the licensee is capable to carry out the operationQuality and compliance with the necessary regulating authority

Hence, in this case, it is concluded that the correct answer is to have "a valid license, received from the legal authority, to lawfully operate or do business in a certain area or location."

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Which of the following pay-for-performance incentive practices is a fixed adjustment to one’s pay rate? That is, it is not structured as a one-time, lump "add-on" to one’s base pay but, rather, a permanent increase to one’s base pay.
Merit bonus
Profit sharing
Employee stock ownership plans (ESOPs)
Merit pay
Common with experienced salespersons, a __________ is an "advance" on one's future sales commissions. It provides a "safety net" in the form of additional gap compensation should he or she fall short of sales expectations in a given month. However, this additional money, much like a bank loan, does need to be repaid at a later time.
guaranteed draw
recoverable draw
sales promotion incentive fund
straight commission
Lenny, a sales associate in the laptop department at a local electronics store, earns an extra $5 for every "add-on" he sells with a laptop purchase – including carrying cases, spare batteries, or extra power cords. If Bob sells at least twenty such products in a given month, he also earns an additional $400 bonus. In this scenario, Bob's store is using a __________ to generate additional sales of laptop accessories.
straight salary
guaranteed draw
sales promotion incentive fund
recoverable draw

Answers

The pay-fοr-perfοrmance incentive practice that is a fixed adjustment tο οne's pay rate, and nοt structured as a οne-time, lump "add-οn" tο οne's base pay, is "Merit pay."

What is Merit pay?

Merit pay, merit increase οr pay fοr perfοrmance, is perfοrmance-related pay, mοst frequently in the cοntext οf educatiοnal refοrm οr gοvernment civil service refοrm (gοvernment jοbs). It prοvides bοnuses fοr wοrkers whο perfοrm their jοbs effectively, accοrding tο easily measurable criteria.

In the United States, pοlicy makers are divided οn whether merit pay shοuld be οffered tο public schοοl teachers, and οther public emplοyees, as is cοmmοnly the case in the United Kingdοm.

Regarding the secοnd questiοn, the pay-fοr-perfοrmance incentive practice used by Bοb's stοre tο generate additiοnal sales οf laptοp accessοries is a "sales prοmοtiοn incentive fund."

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What do you want to be when you a grow up? I want to be a model or a fitness model or a boxer or a professional tahitian dancer or belly dancer you?

Answers

I haven’t decided exactly what I wanna do yet, but here are my options:

-Interior designer
-Psychology counseling
-Fashion designer
-Small business owner (cafe?)
-Or something in the cosmetic indestry

Answer:

I love to read and write. So, I want to become an author. I want to entertain people with my stories. I also want to be a media specialist. I love being part of the library and the books.

Explanation:

Select the correct answer.
Apex Bank lent a substantial amount of money to Polytech Inc. After reviewing the financial statements of Polytech, Apex Bank finds some
Inconsistencies. Which body can Apex Bank approach to verify Polytech's financial data?
ОА.
Chartered Financial Analysts
OB.
Financial Accounting Standards Board
ОС.
American Association of Public Accountants
OD
American Institute of Certified Public Accountants
Ο Ε.
Security and Exchange Commission

Answers

This is wrong do not use this

Answer:

E. Security and Exchange Commission

Explanation:

I'm not 100% sure but i looked through all of them and that one seems to fit best

Apex Bank lent a substantial amount of money to Polytech Inc. After reviewing the financial statements of Polytech, Apex Bank finds some Inconsistencies. Security and Exchange Commission body can Apex Bank's approach to verifying Polytech's financial data. The correct option is E.

Why does the SEC protect investors?

In order to maintain a flexible and effective regulatory environment. Federal securities laws aim to support competitive, fair, and transparent markets that safeguard investors from hidden risk while promoting market access and innovation.

The Securities and Exchange Commission regulates stock exchanges, brokers and dealers in securities, investment advisers, and mutual funds in an effort to encourage ethical business practices, the public disclosure of crucial market information, and the avoidance of fraud.

Thus, the ideal selection is option E.

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Which TCF checking account fee is the most expensive?

Answers

Answer:

Explanation: it’s o stop payment fee

If Jeremy's budget line shifts inward in a parallel manner, what may have happened? a) The price of one good decreases while the price of the other good stays the same. b) Jeremy has more money to spend on the two goods. c) Jeremy has less money to spend on the two goods. d) The price of both goods decreases by the same amount.

Answers

If Jeremy's budget line parallel moves inward, this indicates a decline in his purchasing power. There are a number of potential causes for this, however the following is the one with the highest likelihood:
c) Jeremy has less cash available to buy the two items.

Parallel adjustments in his budget line show that he can no longer buy the same amount of both things as previously. The relative pricing of two different commodities are indicated by a downward movement of the budget line with the same slope.

As a drop in the price of one item would lead the budget line to spin outward rather than inward, option a) cannot be the explanation. Option b) is also ineligible since it would result in the budget line moving outward, not inward, if Jeremy's income increased. Option d) cannot be the explanation since the budget line would spin outward rather than inward if the prices of both commodities were reduced by the same amount.

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the market (sales comparison) approach to value is most important for determining the value of:

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The market (sales comparison) approach to value is an important tool used to determine the value of a property. This approach relies on comparing the subject property to similar properties that have recently sold in the same or similar market.

The market approach to value relies on the principle of substitution, which suggests that a buyer would pay no more for a property than the cost of purchasing a similar property elsewhere in the same market. Therefore, by analyzing the sale prices of similar properties in the same market, appraisers can estimate the value of the subject property.

The market approach to value is most important for properties that have a high number of comparable sales in the same or similar market. This is because the reliability of the approach depends on having a good sample of recent sales data that are truly comparable to the subject property. For example, a single-family home in a neighbourhood with a large number of similar homes that have recently sold would be an excellent candidate for valuation using the market approach.

In summary, the market (sales comparison) approach to value is an important tool in determining the value of a property. It is most effective for residential properties with a high number of comparable sales in the same or similar market. By relying on recent sales data, appraisers can estimate the value of the subject property with a high degree of accuracy.

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Analyse how a Production Possibility Curve ( PPC ) illustrates scarcity, opportunity cost & efficiency.​

Answers

The production possibilities curve (PPC) exists as a graph that demonstrates all of the various combinations of output that can be produced given existing resources and technology.

What is Production Possibility Curve ( PPC )?

The production possibilities curve (PPC) exists as a graph that demonstrates all of the various combinations of output that can be produced given existing resources and technology. Sometimes named the production possibilities frontier (PPF), the PPC illustrates scarcity and tradeoffs.

PPF stands for the production possibility frontier and it exists illustrated by supporting the production of one good at the x-axis and another good at the y-axis. It thereby demonstrates all the possible varieties that can be produced with limited resources.

Scarcity: The resources that require to be utilized because they serve as input are limited or scarce and these same scarce resources exist used by an economy to produce the goods. Therefore, the Production possibility curve exists drawn and it illustrates the scarcity of resources known to an economy.

Choice: An economy has a preference to produce among different combinations of goods that lie on the production possibility curve. Therefore, the curve displays the choice as well.

Opportunity cost: Suppose the economy exists producing a bundle of goods 1 and 2 and the bundle stands (x,y). Now, if it desires to increase the consumption of good 1 by 1 unit, it has to decrease the consumption of good 2. Therefore the opportunity cost of producing a unit of good 1 exists in the sacrifice that has been created for good 2.

Productive efficiency: An economy utilizes all its scarce resources to produce two goods but whether it is utilizing those resources efficiently exists the point of concern. If it uses them efficiently, it creates the production possibility curve otherwise at a point that lies somewhere inside the PP curve.

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Analyse how a Production Possibility Curve ( PPC ) illustrates scarcity, opportunity cost & efficiency.

example of petition format​

Answers

How To Write A Good Petition:State the purpose/change you want clearly.Direct the petition to the target audience you want to read it.Include accurate information, with sources and evidence.If you're including opinions, use evidence to prove they are not faked.Simply write formally and clearly.

Petition Formats:Letter (formal letter to audience/person)Poster (if you want to express your view with others)Presentation (if you want to express your view with others)Song (write a catchy tune to memorise the message)Poem (write a poem that's easy to remember)Poll (get quick results on other's opinions)Jingle (make a short jingle that's easy to remember)

higgins enterprises is accepting notes receivable from four customers for $18,000 each. which customer will end up paying the least in interest, assuming all individuals pay in full on the maturity date?

Answers

Answer:

328.5

Explanation:

18000*annual interest rate*days/360

18000*7.3%*90/360 = 328.5

Based on the amount accepted as notes receivables and the interest rates, the individual that will pay the least interest is Individual 3.

Individual 1:                                                        Individual 2:

= Amount x Interest x Period / year                 = 18,000 x 5.98% x 1 year

= 18,000 x 6.75% x 4/12 months                     = $1,076.40

= $405

Individual 3:                                                       Individual 4:

= 18,000 x 7.3% x 90/365 days                       = 18,000 x 7.15% x 8/12 months

= $324                                                              = $858

In conclusion, Individual 3 will pay the least interest.

The customers in question are:

A. Individual 1 has an annual interest rate of 6.75% and a maturity date of four months.

B Individual 2 has an annual interest rate of 5.98% and a maturity date of one year.

C Individual 3 has an annual interest rate of 7.3% and a maturity date of 90 days.

D. Individual 4 has an annual interest rate of 7.15% and a maturity date of eight months.

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if a company receives $10,900 from a client for services provided, the effect on the accounting equation would be:

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Accounting equation would be increases $1,390 for one assets. In the other side,  another asset would be decreases $1,390, and that is no effect for that.

In business and accounting, the balance sheet equation or known as the fundamental accounting equation generally can be described as the relationship between the owner's equity, assets, liabilities of a person or business.  The balance sheet equation or known as the fundamental accounting equation is the foundation for the double-entry bookkeeping system. The total credits are equals to the total debits. The basic formula of  balance sheet equation is  Assets = Liabilities + Equities.

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true or false? group insurance is a type of private insurance that anticipates a large group of individuals will purchase insurance through their employer and the risk is spread among those paying individuals.\

Answers

This is untrue; group insurance is a form of private insurance that assumes a sizable number of people will purchase insurance through their employer, distributing the risk among those paying individuals.

The majority of people have some sort of insurance, whether it is for their life, their home, or their car. However, the majority of us don't really take insurance the time to consider what insurance is or how it risk operates.

Simply put, insurance is a contract, represented by a policy, under which a policyholder receives monetary protection or payment from an insurance firm against losses. To make payments more manageable for risk the insured, the company pools the risks of its clients.

Insurance policies are used as a hedge against the risk of monetary losses, both large and minor, that may arise from harm to the insured or their insurance property, or from liability for damage or injury given to a third party.

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Refer to the given list of assets. 1. Large-denominated ($100,000 and over) time deposits 2. Noncheckable savings deposits 3. Currency (coins and paper money) in circulation 4. Small-denominated (under $100,000) time deposits 5. Stock certificates 6. Checkable deposits 7. Money market deposit accounts 8. Money market mutual fund balances held by individuals 9. Money market mutual fund balances held by businesses 10. Currency held in bank vaults Which of the following are considered to be near monies? A. items 2, 4, 7, and 8 B. all items except for 3 C. items 1, 5, and 10 D. items 2, 5, 8, and 9

Answers

Answer:

A. items 2, 4, 7, and 8

Explanation:

As we know that the near money should also be known as the quasi-liquid money and this comprise of high liquid money not only used for the transactions as they are only part of M2 money so it cant be involved in M1 money

And, the other options are related to currency or the instruments instead having less liquidity levels

Therefore the option a is correct

Which type of company makes up the largest sector of the United States economy? A. Manufacturers B. Service companies C. Wholesalers D. Merchandising

Answers

The largest sector of the United States economy is comprised of service companies. Option b is the correct answer.

The service sector encompasses a wide range of industries that provide various services rather than manufacturing or selling physical goods. Examples of service companies include healthcare providers, financial institutions, professional services (such as legal and accounting firms), hospitality and tourism, transportation, telecommunications, and many others.

Over the years, the service sector has seen significant growth and has become the dominant sector in the U.S. economy. This trend is driven by factors such as technological advancements, shifts in consumer preferences, and the increasing importance of intangible services in the modern economy.

While manufacturing, wholesaling, and merchandising are also important sectors, the service sector has surpassed them in terms of its contribution to the overall U.S. economy in terms of employment, GDP, and value-added activities.

Option b is the correct answer.

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Q1- The gross earnings of the factory workers for Vargas Company during the month of January are $60,000. The employer's payroll taxes for the factory payroll are $7,000. The fringe benefits to be paid by the employer on this payroll are $5,000. Of the total accumulated cost of factory labor, 80% is related to direct labor and 20% is attributed to indirect labor. Instructions: (a) Prepare the entry to record the factory labor costs for the month of January. (b) Prepare the entry to assign factory labor to production.

Answers

The journal entry to record the factory labor costs is:  Debit: Factory Labor Expense - $72,000, Credit: Salaries Payable - $60,000, Credit: Payroll Tax Expense - $7,000,  Credit: Fringe Benefits Expense - $5,000.

The journal entry to assign factory labor to production is: Debit: Work in Process Inventory - $57,600 (Direct labor), Debit: Manufacturing Overhead - $14,400 (Indirect labor), Credit: Factory Labor Expense - $72,000.

(a) To record the factory labor costs for the month of January, we need to calculate the total labor costs by adding gross earnings, employer's payroll taxes, and fringe benefits:

Total labor costs = Gross earnings + Employer's payroll taxes + Fringe benefits

Total labor costs = $60,000 + $7,000 + $5,000

Total labor costs = $72,000

The journal entry to record the factory labor costs is as follows:

Debit: Factory Labor Expense - $72,000

Credit: Salaries Payable - $60,000

Credit: Payroll Tax Expense - $7,000

Credit: Fringe Benefits Expense - $5,000

(b) To assign factory labor to production, we need to allocate the labor costs to direct labor and indirect labor based on the given percentages:

Direct labor costs = Total labor costs x 80%

Direct labor costs = $72,000 x 0.8

Direct labor costs = $57,600

Indirect labor costs = Total labor costs x 20%

Indirect labor costs = $72,000 x 0.2

Indirect labor costs = $14,400

The journal entry to assign factory labor to production is as follows:

Debit: Work in Process Inventory - $57,600 (Direct labor)

Debit: Manufacturing Overhead - $14,400 (Indirect labor)

Credit: Factory Labor Expense - $72,000

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What term is used to describe advertising focused on informing, persuading, or reminding consumers about the company's specific offerings

Answers

The term used to describe advertising focused on informing, persuading, or reminding consumers about the company's specific offerings is known as product advertising. This type of advertising aims to create awareness and interest among consumers and motivate them to take action by purchasing the company's products or services.

It can include various mediums such as television, print, digital, and outdoor advertising. The ultimate goal of product advertising is to increase sales and revenue for the company.The term used to describe this type of advertising is "promotional advertising." Promotional advertising aims to inform, persuade, or remind consumers about a company's specific products or services. It includes techniques such as targeted messages, special offers, and engaging visuals to capture consumer interest and drive sales. Promotional advertising plays a crucial role in raising brand awareness, attracting new customers, and retaining existing ones. This marketing approach helps businesses establish their brand identity and differentiate themselves from competitors.

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where does McKenna grace live? Brainliest for the correct answer​

Answers

Answer:

McKenna grace lives in Texas of America.

Say that a company has treated you unfairly or dishonestly. Which of the following options could help you resolve the issue? I. Report them to the Better Business Bureau. II. Speak to their corporate consumer department. III. Seek the help of the Department of HHS. a. I and II b. II and III c. I and III d. II only

Answers

Answer: c. I and III

Explanation:

Dishonesty in business is a very big issue as it can lead to mistrust and can damage the reputation of a business which would affect profitability. If a company has treated you dishonestly and unfairly, it is prudent that you report the activity to their corporate consumer department which acts as an oversight body for such actions.

You should then report them to the Better Business Bureau if you are not satisfied so that the BBB can make sure that others are not treated as unfairly as you have been by marking the company down.

Answer:

C: I and III

Explanation:

edge 2021

Explain the importance of leisure activities.

Answers

Answer:

leisure activities improve the productivity of people

Explanation:

if you feel stressed and then go to a water park, you will get less stressed right?

Mackenzie scott donated $84. 5 million to which organization, the largest individual donation received in its history?.

Answers

The Girl Scouts of the USA received the highest donation in its history from Mackenzie Scott, who donated them $84.5 million.

Girl Scouting develops brave, assured, and character-driven girls who make the world a better place.Girls gain an understanding of the pride, friendship, and resiliency that come with joining Girl Scouts.Girls gain confidence and strength via a variety of stimulating experiences, including field trips, sports skill-development clinics, community service, cross-cultural exchanges, and environmental stewardship.By fostering values that will guide their actions and serve as the foundation for wise decision-making, Girl Scouts helps girls develop to their full potential as individuals, relate to others with greater skill, understanding, and respect, and contribute to the betterment of society through their abilities, leadership, and cooperative efforts.

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beginning inventory is $20,000. purchases of inventory during the year are $100,000. ending inventory is $50,000. what is cost of goods sold?

Answers

Answer: $70,000

Explanation: Add ending + Beginning

The cost of goods sold as per the given data of inventories and purchases of inventory is $70,000 during the year.

What is inventory?

The products, resources, and equipment that a company keeps on hand in advance of selling them to customers for a profit are referred to as inventory. One can fulfill the needs of your clients and can save money by using inventory management.

The inventory that appears at the beginning of the year refers to as the beginning inventory whereas the inventory which remains at the end of the financial year in business is referred to as the ending inventory.

The calculation for the cost of goods sold

beginning inventory = $20,000

ending inventory  = $50,000

purchases of inventory =  $100,000

COGS = the starting inventory + purchases – ending inventory

           = (20,000+100,000)-50,000

           = 120,000- 50,000

           = 70,000

Therefore, the Cost of goods sold is  $70,000.

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The Colvilles are buying a new car. The cash price is $35,000.00. They will make a down payment of 20% or $5,000. The balance will be covered by an installment loan. The loan will be repaid in 48 monthly payments of $651. The annual percentage rate for the loan is ____

%. (Round your answers to two decimal places.)

Answers

1.07% will be the Annual Percentage for the Colvilles.

What is a payment?

A payment is when one entity voluntarily offers wealth, its counterpart, or other valuables to someone else in consideration of the other campaign's products or services, to satisfy a contractual obligation or both.

The cash price of Colvilles for buying is $35,000.00

The down payment will be 20% or $5,000

The number of months with which the loan will be repaid = 48 monthly payment

Monthly payments are $651

The balance on the loan = 35,000.00 - 5,000

= 30,000

The interest paid over the life of the loan  = per month payment × time period - Payment

Loan = 651 × 48 - 30,000 = 1,284

The Annual Percentage Rate will be

= \((\frac{128}{30000*48}) *12 *100\\\)

=  1.07%

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3. Businesses not associated with the government are referred to as what type of jobs?
a. Public Sector
b. For Profit Sector
C. Private Sector
d. None of the above

Answers

Answer:

Private Sector

Explanation:

I'm fairly confident this is it, but I'm not too sure. Sorry to disappoint

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