Answer:
Explanation:
The picture attached is the complete question whereas the microsoft file attached is the solution to the problem. I needed to have a table so that is why i made use of microsoft in other to understand the explanation well. Thank you
What amount must be set aside now to generate payments of $30,000 at the beginning of each year for the next 11 years if money is worth 5.95%, compounded annually? (Round your answer to the nearest cent.)
The amount that must be set aside in the present, to generate payments of $30, 000 for the next 11 years is $251,326.61
How to find the amount to set aside?The $30, 000 generated each year is an annuity which means that the amount to be set aside today is the present value of the annuity.
Because the payments come at the beginning of the year, this is an annuity due which means that we are looking for the present value of an annuity due.
This present value can be found as:
= Annuity amount x Present value of annuity due factor, 11 years, 5.95%
= 30, 000 x 8.38
= $251,326.61
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. Discuss and Implement the Price Adjustment Strategies in current market. Apply each strategy with 3 examples along with picture. (10 Marks) (200 Words)
Answer:
There are many different price adjustment strategies which can be implemented in the current market.
Explanation:
Psychological pricing:
Psychological pricing is a strategy in which the price of a product is displayed with mostly one cent difference so the whole number shown is less by $1 and this difference can get higher if the price of the product is more.
Example 1: The price for a toy in a toy shop is $4.99, if rounded this will be $5 but the whole number visible is $4.
Example 2: The price of a laptop is $193, this again is nearly $200 but the price is reduced by $7 in order to influence their customers into buying the product.
Example 3: The price of a car is $35,995, this again is about $36,000 but the buyer may be influenced by this technique and result in purchasing the product with such price.
Geographical Pricing:
Geographical pricing is a strategy where different prices are charged in different outlets, this strategy is made keeping in mind the purchasing power of the locality, if the local people can pay higher price for a product then the price is high there but same product may have a lower price in an area where people can not pay high price.
Example 1: Price of a T-shirt is $15 in a posh area while the price of the same T-shirt is $5 in an area with poor locality.
Example 2: Price of a hair brush is $10 in a poor area while the same brush is available in a posh area at a rate of $35.
Example 3: Price for a food item is $6 in a restaurant in posh area while the same burger is available for $3 in a restaurant in a poor area.
How many is your monthly cash inflow if you can earn $80 a week but about 20 percent is withdrawn from your check for taxes assume there are 4 weeks in the month
My monthly cash inflow after a 20% tax has been withdrawn from my check is $256.
My monthly cash inflow is the amount I earn per month less total tax I pay. A tax is a compulsory sum that is levied on goods and services. Taxes reduces the total amount I would earn.
In order to determine my monthly cash flow, the first step is to determine my total income without taxes.
Total monthly income = weekly earnings x 4
$80 x 4 = $320
The second step is to determine the taxes I would pay on my monthly income.
Taxes paid = percentage tax rate x monthly income
$320 x 20%
0.2 x $320 = $64
The third step is to subtract the taxes I would pay from my monthly income.
$320 - $64 = $256
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Fortune, Inc., is preparing its master budget for the first quarter. The company sells a single product at a price of $25 per unit. Sales (in units) are forecasted at 45,000 for January, 55,000 for February, and 50,000 for March. Cost of goods sold is $14 per unit. Other expense information for the first quarter follows.
Commissions....8% of sales
Rent....$14,000 per month
Advertising....15% of sales
Office salaries....$75,000 per month
Depreciation....$40,000 per month
Interest....15% annually on a $250,000 note payable
tax rate....30%
Prepare a budgeted income statement for this first quarter.
Answer:
Fortune, Inc.
Budgeted Income Statement
For the first quarter, 202x
January February March Total
Sales revenue $1,125,000 $1,375,000 $1,250,000 $3,750,000
Cost of goods sold $630,000 $770,000 $700,000 $2,100,000
Gross profit $495,000 $605,000 $550,000 $1,650,000
S&A expenses:
Rent $14,000 $14,000 $14,000 $42,000Office salaries $75,000 $75,000 $75,000 $225,000Sales comm. $90,000 $110,000 $100,000 $300,000Advertising $168,750 $206,250 $187,500 $562,500Depreciation $40,000 $40,000 $40,000 $120,000EBIT $107,250 $159,750 $133,500 $400,500
Income taxes $32,175 $47,925 $40,050 $120,150
Net income $75,075 $111,825 $93,450 $280,350
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
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On January 1, 2021, Lizzy's Lemonade issues 6%, 10-year bonds with a face amount of $98,000 for $91,035, priced to yield 7%. Interest is paid semiannually. What amount of interest expense will be recorded on June 30, 2021, the first interest payment date
Answer: $3186
Explanation:
The interest expense that will be recorded on June 30, 2021, the first interest payment date will be calculated as:
= Issue price × Yield price × 1/2
= $91035 × 7% × 1/2
= $91035 × 7/100 × 1/2
= $91035 × 0.07 × 0.5
= $3186
Casey, an agent for a large multi-line insurance company, wants to direct his AML compliance focus on those products that present the greatest risk. This focus would include all of the following products EXCEPT:________.
a. personal liability insurance
b. whole life insurance
c. deferred annuities
d. universal life insurance
FinCEN regulations often impose AML compliance program requirements and SAR obligations on insurance companies. This focus would include all of the following products EXCEPT personal liability insurance.
Insurance RulesThe insurance regulations is known to apply only to insurance companies. The the insurance company is held accountable for the conduct and effectiveness of its AML compliance program.
The purposes of an AML compliance program, includes:
A permanent life insurance policy.Any annuity contract,Any insurance product with features of cash value or investment etc.Learn more about Insurance from
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Answer:
a. personal liability insurance
Explanation:
2. Which is NOT an activity that requires training?
A ) Using ladders
B ) Using power tools
C ) Walking up and down stairs
D ) Working on catwalks and grids
STEP 5 Use practical examples from BRICK 'n TILE to differentiate between short and long-run costs. (10) TOTAL: [50]
BRICK 'n TILE, a hypothetical company, can differentiate between short-run and long-run costs by considering examples such as immediate production costs (short-run) and investment in new production facilities (long-run).
Short-run costs refer to expenses that a company incurs in the immediate period, where some factors of production are fixed and cannot be easily adjusted. In the case of BRICK 'n TILE, short-run costs could include the costs of raw materials, labor, utilities, and maintenance for their existing production facilities. These costs are essential for the day-to-day operations and can be directly linked to the current level of production.
On the other hand, long-run costs encompass expenses that can be adjusted in the long term to adapt to changes in production levels and scale. For BRICK 'n TILE, an example of a long-run cost would be the investment in new production facilities or equipment. If the company decides to expand its operations or increase its capacity, they may need to construct a new manufacturing plant or purchase advanced machinery. These costs are incurred over an extended period and are associated with strategic decisions that affect the company's production capabilities in the long run.
Differentiating between short-run and long-run costs is crucial for effective financial planning and decision-making. Short-run costs help determine the immediate profitability of the company's operations, while long-run costs factor in the potential growth and expansion strategies. Understanding the distinction between these cost categories allows BRICK 'n TILE to make informed decisions regarding short-term production levels and long-term investment in infrastructure and technology.
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Solutions for lack of accurate and timely information?
Solutions for information overload?
Information overload is a rising issue for organisations all over the world, and improving employee experience is a top concern for the majority of them. The problem is that, despite the fact that information overload is a well-known issue, it appears that most firms have yet to find effective methods to address it, which is rather concerning.
Information overload in the workplace refers to the large volume of irrelevant information that circulates among employees. In today's job, it is difficult to prevent information overload. Most businesses, from start-ups to huge corporations, are experiencing information overload.
It is also critical to deliver correct and timely information. People and organizations will make poor judgements in the absence of accurate, reliable, and timely information.
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(02.03 MC)
When shopping for a savings account you should look for one that offers
O annual fees
O loyal customer fees
O simple interest
O compounding interest
Classify each of the following statements as a positive or negative effect of tourism.
commercialization and erosion of
cultural values
growth in industries such as
agriculture
conflicts between tourists and
locals over the use of resources
job creation and the prevention
of urban migration
job-related friction, such as locals
receiving lower wages than foreign
employees
conservation of heritage sites
Answer:
Positive Effects of Tourism- growth in industries such as agriculture, job creation, and the prevention of urban migration, conservation of heritage sites
Negative Effects of Tourism- job-related friction, commercialization and erosion of cultural values, and conflicts between locals and tourists over the use of resources
Explanation:
Part of implementing Quality Windows Limited new enterprise resource planning (ERP) software is ensuring all workstations and servers run secure applications. Since the ERP software is new, Quality Windows Limited needs a new policy to set security requirements for the software. This policy will guide administrators in developing procedures to ensure all client and server software is as secure as possible. The goal is to minimize exposure to threats to any part of the new ERP software or resources related to it.
Describe the goals that define a secure application. Specifically, you will write two policies to ensure Web browsers and Web servers are secure. All procedures and guidelines will be designed to fulfill the policies you create.
Answer the following questions for Web browser and Web server software:
a. What functions should this software application provide?
b. What functions should this software application prohibit?
c. What controls are necessary to ensure this applications software operates as intended?
d. What steps are necessary to validate that the software operates as intended?
Answer:
A)i) web browser software :
ii) web server software :
B) i) Web browser software: Auto-download updates and Tracking functionality
ii) web server software : unauthorized access and unsecure connection from web browse
C) i) Legal and regulatory controls
ii) Access controls
D) i) Validation process -
ii) Define Requirements-
iii) Develop:
iv)Testing: Test what has been developed
v) Review/Management :
Explanation:
A ) Functions that the software application should provide
i) web browser software : This functions requires the software to make requests from the relevant web pages and sending them to the web server software application and serve it up to customers
ii) web server software : This function means that the software should be able to store, process and deliver web pages to web browser applications’.
B) Functions that this software application should prohibit
i) Web browser software: Auto-download updates and Tracking functionality
ii) web server software : unauthorized access and unsecure connection from web browser
C) Controls that are necessary to ensure application software operates as intended
i) Legal and regulatory controls such as privacy laws, and copyright policies will help the software operate smoothly
ii) Access controls such as user authentication when a user is trying to login is very vital for the security of the user
D Steps necessary to validate that the software operates as intended
i) Validation process - The validation process is the first step which is intended to implement plans that identifies who has access to the software, what is been done on the software, and where the software is going to be accessed from.
ii) Define Requirements- defining the functions of the software and what the system can't do as well
iii) Develop: after Defining the requirements the next step is to develop the software in line with the defined requirements
iv)Testing: Test what has been developed
v) Review/Management : After successful testing of the product/software a review of the whole process before commercializing it is required as well
hey, help me lol XD
Which headphones are better boAT or Samsung?
Answer:
Samsung
Explanation
Just better quality
A constraint on travel, when failing to obtain a visa, is known as an Answerissue.
The article is primarily made up of numbers and facts, as if this might actually solve any issues.The term "neo social movements" refers to issue-specific movements that began after the 1980s.
Which three restrictions apply to travel?According to Crawford and Godbey (1987; 1991), the model includes three types of limitations: interpersonal, intrapersonal, and structural constraints. Individuals who are alone when travelling have interpersonal limits.
Which four restrictions on travel apply?Four groups—intrapersonal, interpersonal, structural, and not a travel option—are used to group the 30 low-carbon travel restrictions.
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5. It is April 19, 2012 and you suddenly remember that your credit card bill is due the next day. You have the money
in your checking account to pay the bill in full. The mailing address for the credit card company is a few thousand
miles away so you assume that it will take a few days for your check to arrive. What should you do?
Answer:
call the bank or wherever your credit card is from and inform them that you just sent it out in the mail and that it should be there in a few days.
Explanation:
Randall purchased an insurance policy and stated he never had heart trouble, but he had a myocardial infarction several years prior to his application. Shortly after the policy was issued, Randall experienced a fatal heart attack. What action is the insurance company likely to take
Answer:
The action the insurance company should take is that they should cancel the insurance policy between them and Randall and return all the premiums paid to date
Explanation:
Here in this question, we are interested in knowing what action the Insurance company will take in the eventuality that Randall experienced a fatal heart attack.
The action the Insurance company will take is that the insurance policy will be canceled and all premiums which have hitherto being paid by Randall will be returned. What we are saying is that the Insurance company will not be liable or held responsible to make payment for the medical costs of the fatal heart attack suffered.
Hence, we can conclude that the Insurance company in this case is not bind by law to pay for the cost of the medical bill and is only to return the premiums already paid by Randall.
Financial markets bring together people interested in purchasing or selling
what?
the market place is off
Should government play an active role in business enterprises? Discuss with examples
Answer: produce most available goods and services
Explanation:
If you were to make an advertisement using the three word technique what three words would you use
example: powerful, brilliant, useful
Answer:
convenient, durable, easy
The inventory valuation method that results in the lowest taxable income in a period of inflation is:________
s. LIFO method.
b. FIFO method.
c. Weighted-average cost method.
d. Specific identification method.
e. Gross profit method.
Answer:
A
Explanation:
LIFO means last in first out. It means that it is the last purchased inventory that is the first to be sold.
Inflation refers to a persistent rise in general price levels.
In a period of inflation, cost of inventory keep rising. So, the most recently purchased inventory would have the highest price. The LIFO method would result in a higher cost of good sold and this depresses profit and also leads to a lower taxable income
An entrepreneur might use _____ in the very early stages of a start-up.
friends and family
self-financing
investors
loans
Answer:
An entrepreneur might use Friends and family/Investors in the very early stages of a start-up.
Explanation:
Edge 2021-2022
K 8 A bank holds $10 for every $100 in deposits. The bank wants to hold $7 for every $100 in deposits. The bank holds desired reserves of $14,000 and actual reserves of $29,000. What is the actual reserve ratio, the desired reserve ratio, and the excess reserves? >>> Answer to 2 decimal places.
The actual reserve ratio is 10%, the desired reserve ratio is 4.8%, and the excess reserves are $15,000.
How did we get the values?In order to determine the excess reserves, we first determine the deposits. The bank currently holds $29,000 in reserves, and that this represents $10 for every $100 in deposits. Therefore:
$10 / $100 = $29,000 / x
Solving for x, we get:
x = ($29,000 * $100) / $10 = $290,000
So the bank has $290,000 in deposits.
Calculate the actual and desired reserve ratios:
Actual reserve ratio = $29,000 / $290,000 = 0.10 or 10%
Desired reserve ratio = $14,000 / $290,000 = 0.048 or 4.8%
Finally, calculate the excess reserves:
Excess reserves = actual reserves - desired reserves = $29,000 - $14,000 = $15,000
Therefore, the actual reserve ratio is 10%, the desired reserve ratio is 4.8%, and the excess reserves are $15,000.
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Problem :
The following Adjusted Trial Balance relates to Beauty Spa Inc. for the year September 30, 2022. Cash Accounts Receivable Supplies Prepaid Insurance Equipment Accumulated Depreciation: Equipment Accounts Payable Notes Payable (Due 2005) Unearned Revenue Share Capital Retained Earnings Dividends Service Revenue Rent Expense Depreciation Expense: Equipment Miscellaneous Expense Advertising Expeme Insurance Expense Salaries Expere Debit $ 169,500 30,600 2,160 12,800 108,000 80,300 39,750 42,400 31,290 35,200 239,000 775,000 Credit $ 54,000 18,550 90,000 36,000 775,000
Required: c) Prepare the Classified Statement of Financial Position as at September 30, 2022
Property assessed for tax purpose at 50% of market value. The tax rate being $4.90 per $100 of assessed valuation. Today, the taxes, imposed at the same tax and assessment rates, have increased by $637. How much has the market value of the property increased assuming straight-line appreciation?
The market value of the property has increased by $26,000 assuming straight-line appreciation.
How did we get the value?First, we need to calculate the current assessed value of the property. If the property is assessed at 50% of its market value, then we can use the following formula:
Assessed Value = Market Value × 0.5
Let's assume the market value of the property is X, then its assessed value will be:
Assessed Value = X × 0.5 = 0.5X
Now, we can calculate the current property tax by using the following formula:
Current Property Tax = (Assessed Value ÷ 100) × Tax Rate
Substituting the given values, we get:
Current Property Tax = (0.5X ÷ 100) × $4.90 = $0.0245X
We know that the property tax has increased by $637. Therefore, we can set up the following equation:
New Property Tax - Current Property Tax = $637
Let's assume that the market value of the property has increased by Y. Then the new assessed value will be:
New Assessed Value = (X + Y) × 0.5 = 0.5(X + Y)
We can calculate the new property tax using the same formula as before:
New Property Tax = (0.5(X + Y) ÷ 100) × $4.90 = $0.0245(X + Y)
Substituting these values in the equation, we get:
$0.0245(X + Y) - $0.0245X = $637
Simplifying the equation, we get:
$0.0245Y = $637
Y = $637 ÷ $0.0245
Y = $26,000
Therefore, the market value of the property has increased by $26,000 assuming straight-line appreciation.
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Which action is an example of an expansionary monetary policy?
A. Selling Treasury securities
•
B. Lowering the discount rate
• C. Raising the interest on reserve rate
•
D. Raising the reserve requirement
Answer: B
Explanation:
The three key actions by the Fed to expand the economy include a decreased discount rate, buying government securities, and a lowered reserve ratio.
Two parcels of land priced at $2,100 per acre were purchased. One parcel was 5 acres in size, and the other was 1 square mile in size. How much should these two parcels have cost together?
Answer:
Sold together, both parcels would have cost $ 1,354,500.
Explanation:
Given that two parcels of land priced at $ 2,100 per acre were purchased, one parcel was 5 acres in size, and the other was 1 square mile in size, to determine how much should these two parcels have cost together the following calculation must be performed:
1 square mile = 640 acres
2100 x 5 + 2100 x 640 = X
10,500 + 1,344,000 = X
1,354,500 = X
Therefore, sold together, both parcels would have cost $ 1,354,500.
An organization that provides goods and services while seeking to operate at a profit is atn)
(Enter one word in the blank)
The organization where the goods & services should be operated for profit is known as the business.
The following information related to the business is:
It is an organization or the company where the entity should be engaged in commercial activities, industrial activities, etcIt is the efforts & activities of an individual or the company that generated the production and sale of the goods and services for the profit purpose.Therefore we can conclude that The organization where the goods & services should be operated for profit is known as the business.
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Why seating arrangement in any meeting is very important to organizers and participants? Explain in details.
The reason seating arrangement in any meeting is very important to organizers and participants is that it will place smaller groups around central points of interest.
What is seating arrangement in meeting?Smaller groups are frequently seated around focal points, such as conference tables, or attention-grabbing presentations are highlighted by seating arrangements during meetings. Boardroom seating is a common choice for conference rooms. Square Seating with Holes. U-shaped furniture.
They are frequently referred to as room settings, and when chosen properly, they expand a presenter's impact in the space, transmit intention, and remove distractions. They also include comfort, access, and safety for the attendees.
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As a student of Business Ethics and a managing director of a multinational company, discuss five (5) factors you will consider in managing the multi-cultural and diversified workforce in Ghanaian business organizations.
Communication, ethics, conflict management, learning, and inclusion are some issues to consider when leading a multicultural and diversified workforce in Ghanaian business organizations.
How do you lead a multicultural team?In order to foster a culture that celebrates variety and individuality, it is crucial that there be a number of rules and procedures that concentrate on organizational ethics. The manager must be aware of the requirements of the teams, encourage learning, and include the staff in organizational procedures.
Therefore, the sharing of knowledge, learning, and creativity can benefit from a diverse culture.
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