Generating capital to start a business with small donations from many people is known as Crowdfunding.
The capital of a business is the money it has daily to pay for its operations and day-to-day fund for its future boom. The four fundamental varieties of capital include running capital, debt, fairness, and buying and selling capital. buying and selling capital is utilized by brokerages and different economic institutions.
Most businesses use capital as the manner of day-to-day development. Capital allows a corporation to develop by imparting the assets it needs day-to-day to generate extra revenue. A company that expands physically, adds new technology, or relocates may want additional cash every day to purchase new centers or rent new employees. An instance of capital is the maximum crucial first-class an business enterprise is searching out in a potential employee; capital daily. An instance of capital is funding; a capital investment.
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1. HOW DO ETHICS AND MORALS INFLUENCE PERSONAL AND COMMUNITY VALUES?
Ethics influences personal and community values as it serves as a guideline for decision-making.
Ethics and morals are important for the growth of a community. Ethics and morals are important as they help people in knowing right and wrong behaviors.
It also serves as a standard of behavior that can be used in taking a correct course of action. It's also important as they serve as a form of motivation and help people bring out their best behaviors.
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What is the craziest drink you've gotten at starbucks or dunkin? Tell me the size, how many pumps of syrups (if you get any) and how many scoops of inclusions (if you get any). Tell me everything and be very specific!
Peppermint Frappé ( Seasonal ) with 17 pumps of peppermint !!!
Distinguish between the sources of information about foreign employment and the ways of getting it.
Working for a company in another country is referred to as foreign employment, and you usually only work in one country. This wouldn't be your native country .
While the terms "foreign employment" and "international workforce" (people of a different nationality) are sometimes used interchangeably, the term really refers to a multinational corporation expanding outside of its home country and recruiting there.
Employers prefer foreign employment because they cannot find qualified local employees, necessitating the hiring of foreigners to do the job.
The following are some methods for obtaining information about foreign employment:
Newspapers, notice boards, electronic media (radio, FM, television, etc.), websites, and public programs
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Question 27 20 pts Using the \( z \)-score method, there is one outlier in these data with respect to Price. True False
False. The presence of an outlier in the data with respect to Price using the z-score method cannot be determined without additional information. The question lacks the necessary details, such as the mean, standard deviation, and specific z-score threshold, to identify outliers accurately.
Using the z-score method, outliers are identified based on their deviation from the mean of a distribution. The z-score measures how many standard deviations away a data point is from the mean. If a data point has a z-score that falls outside a certain range, typically set at 2 or 3 standard deviations, it is considered an outlier.
In this question, it is stated that there is one outlier in the data with respect to Price using the z-score method. To determine if this statement is true or false, we would need more information about the data, such as the mean, standard deviation, and the specific z-score threshold being used to define outliers.
Without this additional information, we cannot conclude that there is one outlier based on the z-score method. It is possible that all the data points fall within an acceptable range around the mean, indicating no outliers. Alternatively, there may be outliers, but the z-score method has not been applied or the specific threshold for identifying outliers has not been provided.
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1. Read Week 8 Class Slides. There are two Chapters we are covering for this week - Chapter 7 (Followership) and Chapter 10 (Leading Teams). 2. Ask any questions you have regarding the Class Slides. a. Understand the principles and ideas on Leading Teams and Followership 3. Read the Case Study # 1 and answer the following questions: a. How did Marcia Reynolds manage or influence her boss? b. Describe a difficult situation where you had to manage your boss or leader, and what did you do to manage your boss or leader? 4. Read Case Study # 2 and answer the following questions: a. What did Spring Company effectively do by having team building activities between their Indian and American teams? b. What type of team building activities would you do which are effective for team building? Give at least two examples and describe. 5. PDF your homework when you submit it on e- learning. Use SAVE AS to save the file as PDF. 6. I am going to call on students to give their responses to the homework. If I call on you and you do not respond, you will be marked absent and get zero on participation for this week's class
The instructions involve reading class slides, asking questions, completing case studies, converting homework to PDF, and active class participation.
What is the content and requirements for the Week 8 class assignment on followership, leading teams, and case studies?The given instructions outline a series of tasks and requirements for a class assignment. They include:
Reading Week 8 Class Slides covering Chapter 7 (Followership) and Chapter 10 (Leading Teams).
Asking questions about the Class Slides to gain understanding of leading teams and followership principles.
Reading Case Study #1 and answering questions related to Marcia Reynolds managing her boss and describing a personal experience of managing a boss or leader.
Reading Case Study #2 and answering questions about effective team building activities employed by Spring Company and providing two examples of effective team building activities.
Converting the homework into a PDF format when submitting it on e-learning.
Being prepared to respond during class participation and facing consequences for non-participation.
The specific content of the Class Slides, Case Studies, and personal experiences are not provided, as they are not included in the given instructions.
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What is demand comprised of
the acme global corporation plans to create new policies designed to better serve a more diverse customer base. what the acme global corporation has in mind is a(n) plan.
New regulations will be developed by Acme Global Corporation in order to better serve a more varied consumer base. The Acme Global Corporation has a diversity plan in mind.
A diversity strategy outlines the practical steps your company will take to include employees from varied backgrounds. The business is dedicated to fostering an environment that is fair and inclusive and encourages a workforce that more accurately represents the variety of our communities.
Each firm should value diversity as a key component. It allows you access to a wider variety of talent, aids in giving you insights into your consumer base, and helps to increase the business's overall performance, all of which translate into higher earnings.
The overall objective of diversity and inclusion at work is to contribute to the creation of a workplace where individuals from diverse backgrounds or cultures may feel at ease and collaborate successfully.
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1. Which is an example of fiscal policy?
A. preventing unions from going on strike
B. raising taxes in order to cover a budge deficit
C. Restricting the amount of money that banks can lend
D. increasing the level of minimum wage
2. Which is an example of fiscal policy?
A. decreasing the interest rates on loans charged to car companies
B. deploying troops to help citizens cope with natural disaster
C. going into debt to buy a large number of vehicles
D. limiting the number of foreign cars that can be sold in the United Stats
Answer:
A. decreasing the interest rates on loans charged to car companies
Consider an individual with wealth M. Facing one of the two possible states of nature. State-1 and State-2 with probabilities P and 1-L respectively. In State-l the individant suffers loss equal to L, which is less thari M. The individual can purchase an insurance that will pay benefit equal to B in State-1 and zero in State-2. The cost of insurance is AB, whether or not the loss occurs, where is a constant. The state dependent utility function is U = n(X) for stales-I and U=en(x) for state-II, where X is wealth available after adjustment of loss, insurance benefit and insurance cost, etc. A) Find the value of it at which the expected net benefit from insurance is equal to zero, that is, the insurance is actuarially fair
b) Write down and explain the expected utility function of the individual and specify a criterion for the choice of insurance amount B that the individual would like to buy. C) Solve for the value of B using the criterion specified in part b assuming that 2 = 1 d) How would you modify your result in part (c) ifi)* < 1 and ii) > 1?
a) The actuarially fair value of the insurance benefit, B, is the value at which the expected net benefit from insurance is equal to zero. To find this value, we need to compare the expected cost of insurance to the expected benefit. The expected cost of insurance is AB, where A is a constant representing the cost of insurance. The expected benefit in State-1 is B with probability P. Therefore, the expected net benefit is B * P - AB. Setting this equal to zero and solving for B, we can find the actuarially fair value of the insurance benefit.
Explanation:
a) To find the actuarially fair value of the insurance benefit, we compare the expected cost of insurance to the expected benefit. The expected cost of insurance is AB, where A is a constant representing the cost of insurance. The expected benefit in State-1 is B with probability P. Therefore, the expected net benefit from insurance is B * P - AB. If we set this equal to zero, we can solve for B to find the value at which the expected net benefit is zero, indicating that the insurance is actuarially fair.
b) The expected utility function of the individual can be written as E[U(X)] = P * n(X) + (1 - P) * e(X), where n(X) represents the utility function in State-1 and e(X) represents the utility function in State-2. The individual's utility depends on the state of nature and their wealth available after adjusting for the loss, insurance benefit, and insurance cost.
To choose the insurance amount, B, the individual would consider maximizing their expected utility. The criterion for the choice of insurance amount would be to select the value of B that maximizes the expected utility function E[U(X)]. This means finding the insurance benefit that provides the highest level of overall expected utility for the individual, considering the probabilities of the two states of nature and the associated utility functions.
c) To solve for the value of B using the criterion specified in part b, we would need more information about the specific utility functions n(X) and e(X), as well as the probabilities P and 1 - P. With these details, we can calculate the expected utility for different values of B and determine the optimal insurance amount that maximizes the expected utility.
d) If * < 1, it implies that the individual is risk-averse. In this case, the individual would prefer to purchase insurance and may be willing to pay a higher cost to obtain a higher insurance benefit. The optimal value of B may be higher compared to the case when * = 1.
If * > 1, it indicates that the individual is risk-seeking. In this scenario, the individual may be less inclined to purchase insurance and may prefer to take on the risk and potential losses. The optimal value of B may be lower or even zero, depending on the individual's risk preferences.
The modification of the result in part (c) would depend on the individual's risk attitude, as reflected by the value of *. It is important to consider the individual's risk preferences and attitude towards uncertainty when determining the optimal insurance amount.
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When riding his bicycle, Jeremy always consumes bottles of water and granola bars in fixed proportions. His utility function is
=min{,12}u=min{W,12G}, where W is the number of bottles of water and G is the number of granola bars
Economics mimics worth or value using the concept of utility. Its application has drastically changed over time. Moral philosophers like Jeremy Bentham and John Stuart Mill were among the first to use the phrase to describe pleasure or happiness as a part of the utilitarianism hypothesis. The phrase has been modified and used to refer to a utility function that represents a single consumer's preference ordering over an option set but is not comparable across individuals within neoclassical economics, which governs contemporary economic theory. Although this definition of utility is more stringent than the original, moral judgments find it less useful (and disputed) because it is subjective and depends more on choice than on pleasure. Think about a few different options.
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First Choice Bank wants to earn an effective interest rate of 18% per year. In order to suit different potential borrowers' needs, the bank offers two options. The first calculates interest on a weekly compounding basis while the second calculates interest on a monthly compounding basis. What interest rate is the bank required to report for the two options? Give one reason why a borrower might prefer monthly compounding over weekly compounding.
Answer:
What interest rate is the bank required to report for the two options?
APR for weekly compounding = 0.003188 x 52 = 0.1658 = 16.58%APR for monthly compounding = 0.01389 x 12 = 0.1667 = 16.67%Give one reason why a borrower might prefer monthly compounding over weekly compounding.
In this case, the lender should be indifferent between monthly or weekly compounding since the effective interest rate is equal for both (if the pay in during the first week). But generally, borrowers should choose the longest compounding period option. The longer the compounding period, the less interests charged will earn more interest. In some cases. If you pay after the second week started, then you might be charged a slightly higher interest.Explanation:
effective interest rate = (1 + i/n)ⁿ - 1
for weekly compounding:
0.18 = (1 + i)⁵² - 1
1.18 = (1 + i)⁵²
⁵²√1.18 = ⁵²√(1 + i)⁵²
1.003188 = 1 + i
0.003188 = i
for monthly compounding:
0.18 = (1 + i)¹² - 1
1.18 = (1 + i)¹²
¹²√1.18 = ¹²√(1 + i)¹²
1.01389 = 1 + i
0.01389 = i
Describe the characteristics of three technology-based business models.
Answer:1. The value is created using digital technologies
2. Digital business models are new to the market
3. Digital customer acquisition and distribution
4. USP is created digitally
Explanation:
To pursue a diversification strategy, managers must have the ability to:
a. introduce innovative and disruptive products to the market.
b. outsell all of its competition.
c. recognize profitable opportunities to enter new industries.
d. discover technological advancements to create new products.
Managers must possess the following skills in order to undertake a diversification strategy: the capacity to identify lucrative possibilities to enter new industries. Option c is Correct.
A joint venture is a type of diversification strategy frequently employed when two or more businesses decide to pool their resources to launch a new company in a sector that is experiencing growth. Companies that participate in relevant diversification are more likely to increase shareholder value because it leverages strategic fit.
When a company enters a new industry that bears significant parallels to one or more of its current industries, related diversification takes place. Risk management in investment is accomplished through diversification. Investors diversify their holdings over a variety of different companies, sectors, and asset classes rather than concentrating their capital in a single company, industry, sector, or asset class. Option c is Correct.
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What is target Market
small group of archery enthusiasts
a place that Target employees get discounts on returned items
a group of people we direct our marketing efforts towards
a place to exchange common bar games and equipment
Answer:
shoes
Explanation:
PROFIT/LOSS = TOTAL REVENUE - TOTAL COSTS
lan set up a taxi firm one month ago. He has calculated that his total monthly revenue was £2400.
He has added his costs together for the first month and they came to £2800. However, he spent
£1000 on a car for the business that he will not need to spend again.
1) What was his profit/loss for the month?
For the month it was €
1
2) Next month, what will his profit/loss be?
3) List 2 things that could happen that would increase his costs?
Answer:
What's the question? :) I'm an econ major btw.
Explanation:
a. At 5.3 percent interest, how long does it take to double your money? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) b. At 5.3 percent interest, how long does it take to quadruple your money? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g. 32.16.)
a. It takes approximately 13.58 years to double your money at a 5.3 percent interest rate.
b. It takes approximately 3.42 years to quadruple your money at a 5.3 percent interest rate.
a. To calculate the time it takes to double your money at a 5.3 percent interest rate, you can use the rule of 72. The rule of 72 states that you can approximate the number of years it takes to double your money by dividing 72 by the interest rate.
So, in this case, the time it takes to double your money is:
72 / 5.3 = 13.58 years (rounded to 2 decimal places)
b. Similarly, to calculate the time it takes to quadruple your money at a 5.3 percent interest rate, you can use the same rule of 72. In this case, you divide 72 by the interest rate, and instead of doubling, you multiply it by four.
So, the time it takes to quadruple your money is:
72 / (5.3 x 4) = 3.42 years (rounded to 2 decimal places)
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As a student, you are able to earn extra money by assisting your neighbors with odd jobs. If you charged $10.25 an hour for your assistance, about how many hours would you need to work to earn $8,425? Show your work.
Answer:
822 hours
Explanation:
The charge per hour is $10.25.
To earn a total of $8,425, one need to work ? hours.
1 hr =$10.25
? hrs = $8,425
?hrs = $8,425 / $10.25
=821.951
=822 hours
Sally is a partner of a small clothing company. This week she has been hosting a group of potential investors. Several of the potential investors have asked about the company’s newest technology and ability to sell clothing online. If these potential investors decide to invest in her company it could mean enormous growth, however she is being asked to divulge some specific information about the company that she and her partner decided would not be discussed. She is now faced with a (n) ________ issue
Sally is facing an ethical issue, specifically a dilemma of confidentiality.
She has to decide whether to disclose sensitive information about her company to potential investors in order to secure their investment, or to honor her obligation to keep that information confidential. As a partner of a small clothing company, she and her partner had already decided not to discuss certain information with potential investors. If she discloses this information, it could have long-term consequences for her company and its employees.
If she doesn't disclose it, she may lose out on the opportunity to secure investment that could take her company to the next level. Sally will need to consider the potential impact of both options, and weigh the benefits and risks before making a decision that aligns with her values and the best interests of her company.
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which of the following is true about goods and service? A. goods are physical while services are intangible. OR B. services are usually provided at a distance while goods are produced locally.
Answer:
B) Goods are provided at a distance while goods are produced locally
Explanation:
Think this: Are goods (things like foods, and toys) at your LOCAL grocery store?
Also think this: Services at provided at a distance, because their things not always local. (aka: doctors offices etc)
HOPE THIS HELPS! :)
Answer:Goods are physical while services are intangible.
Explanation:
Supply-side policies have proven that smaller government makes the economy more efficient. Select one: True False
Answer:
The given statement is "False".
Explanation:
Supply-side policies include those strategies that increase the economic ability of an enterprise as well as the ability to manufacture. To increase supply-side efficiency, there are also many specific steps that somehow an authority may undertake. Any strategy that increases the economic capacity of a nation's infrastructure and therefore its ability to transfer should be under the supply-side legal framework.Hunter owned stock in GeriCo. The corporation's Board of Directors voted to contribute $100,000 to a charity. Hunter disagreed with this action because the charity supported an action that violated one of Hunters closely-held religious beliefs, so he sued to stop the contribution.
Will Hunter succeed? Why or why not?
Hunter will not be able to succeed in stopping the contribution to charity that GeriCo's Board of Directors have already decided on. There are a few reasons why this is so. Firstly, the Board of Directors are the legally authorized body that manages the affairs of GeriCo, and they have the authority to take decisions related to the corporation. They also have a fiduciary responsibility to act in the best interests of the corporation and its shareholders.
Secondly, Hunter's objection to the contribution is based on his closely-held religious beliefs, which may not be legally protected in this case as it does not fall under the provisions of Title VII of the Civil Rights Act. Thirdly, GeriCo is a publicly traded corporation, and as such, it has a diverse range of shareholders, and the Board of Directors is required to make decisions that are in the best interests of all shareholders. It is, therefore, unlikely that Hunter will be successful in his lawsuit to stop the contribution to charity, as the Board of Directors have the legal authority and the responsibility to make decisions in the best interests of the corporation and its shareholders.
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47. Indian economy is a mixed economy as it consists of both privately owned and
government owned business enterprises. Therefore, we can classify the Indian economy
into two sectors, viz, Private Sector and Public Sector. In a capitalistic economy, the
private sector is dominating, while in a socialistic economy, the public sector is
dominating. In a mixed economy, both the private sector and public sector go hand in
hand.
. In the light of the above paragraph explain Indian economy?
Yes, the Indian economy is a mixed economy which consists of two sectors viz, Private Sector and Public Sector.
What is the Indian economy?The economy of India is a mixed middle-income developing social market economy. It is the world's fifth-largest economy by nominal GDP and third-largest economy by purchasing power parity.The essential characteristics of developing economies are overpopulation, extreme poverty or below the poverty line, poor infrastructure, agriculture-based economies, slow pace of capital development, and low per capita income.The Indian economy is characterized by a low real per capita income rate, a high population growth rate, and a high degree of dependence on the primary industry. Covid 19 has had a negative impact on the Indian economy. The Covid pandemic has led to industry shutdowns and subsequent job losses.An economy is a system of interconnected production and consumption activities that ultimately determine the allocation of resources within a group. The production and consumption of goods and services as a whole meet the needs of the people who live and work there.to know more about the Indian economy refer to
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today, the basic management functions are considered to be
The basic management functions that are commonly acknowledged today include planning, organizing, leading, and controlling.
Let's take a brief look at each of these functions. Planning involves the process of creating objectives and determining the actions that are needed to achieve them. It is the process of thinking about what should be done in the future and what resources will be required.The planning process is done for both short-term and long-term goals.
Organizing refers to the process of coordinating and arranging work activities, so that people and resources are put to work in a way that leads to the achievement of goals. This function is related to designing and managing a structure that will allow people to work together effectively.
Leading refers to the process of influencing and motivating people to work towards the achievement of organizational goals. This function involves inspiring others to work towards the common goal. It is the process of directing and guiding employees to perform tasks in the most effective way possible.
Controlling refers to the process of ensuring that activities are carried out as planned and that goals are achieved. It involves monitoring the performance of individuals and teams, comparing actual results to planned results, and taking corrective action when necessary.
The aim of control is to ensure that objectives are achieved as planned. In summary, planning, organizing, leading, and controlling are the basic management functions that are considered to be important for achieving organizational goals.
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Which of the following is an example of the ethical issue of gift-giving in the
health care industry?
Answer:
Patient Privacy and Confidentiality. The protection of private patient information is one of the most important ethical and legal issues in the field of healthcare. ...
Transmission of Diseases. ...
Relationships. ...
End-of-Life Issues
etc.
Answer:
A doctor prescribes medication to patients after the pharmaceutical company present tickets to a basketball game to the doctor.
Explanation:
good luck with your homework <3
Membership in the Future Business Leaders of America (FBLA) has nearly limitless benefits, including scholarships.
True
False
Answer:
True.
Explanation:
I think this will be the answer.
When Southwest Airlines created their low price strategy they were innovating around what? Circumstance Constraints Criteria Context
When Southwest Airlines created their low-price strategy, they were innovating around several factors, including circumstances, constraints, criteria, and context.
Circumstances: Southwest Airlines recognized the circumstances in the airline industry, such as high operating costs, intense competition, and price-sensitive customers. They understood that there was a need for a different approach to stand out in the market.
Constraints: Southwest Airlines faced various constraints, such as limited resources, budget constraints, and the need to maintain profitability. They had to find innovative ways to reduce costs and offer affordable fares while still delivering a high level of service.
Criteria: Southwest Airlines set specific criteria for their low-price strategy. They aimed to offer fares that were significantly lower than those of their competitors while ensuring profitability and maintaining customer satisfaction.
Context: Southwest Airlines considered the overall context of the industry, market trends, and customer preferences. They identified the growing demand for affordable air travel and saw an opportunity to differentiate themselves by providing low-cost options.
By innovating around these elements - circumstances, constraints, criteria, and context - Southwest Airlines developed a low-price strategy that revolutionized the airline industry and became a key factor in their success.
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When were cooking guilds formed, establishing many of the professional standards and traditions still used today?.
The period when cooking guilds formed, establishing many of the professional standards and traditions still used today were formed was 1400-1600 A.D. during the Renaissance.
How did the Renaissance impact society?Art, science, and culture underwent a new transformation throughout the Renaissance. With first the rediscovery of classical philosophy, literature, and art, as well as the new discoveries in travel, invention, and style, it altered the way the citizens thought.
The Renaissance demonstrates the value of looking to the past for solutions to current problems and inspiration. By looking to the past for advice today, we can uncover not just potential sources of solutions, but also strategies for overcoming problems that earlier cultures have had to deal with.
It should be noted that during this period, people tried out new things and this was when cooking guilds weee formed, which established many of the professional standards and traditions still used today.
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Which of the following statements is a strong reason for giving credit to sources of data in a formal business doccument
Answer:
It shows you have done solid research to back up your conclusions.
Multiple choice options for this question are as follows: online source
A). It shows you have done solid research to back up your conclusions.
B). Readers of a business document do not pay attention to sources
C). Giving credit is easier than treating others' ideas as your own
D). It is a requirement of MLA and APA styles
Explanation:
Giving credit to your sources is a phrase that refers to Referencing or citing the source of your information. It is important to the reader or user of the document because they can always go back and verify the data's accuracy. Referencing also leaves a trail that can be used to see the views and opinions of other business people or researchers .
Giving credit to your sources in a formal business document shows you took the time to research the subject matter. It gives the impression that you can relate your ideas to the views of other professionals in the industry.
Answer:
A). It shows you have done solid research to back up your conclusions
Explanation:
personal selling to marketing channel members indicates a FITB strategy. multiple choice pull positioning pricing push test-marketing
Personal selling to marketing channel members indicates a push-pull strategy.
What is the push-pull strategy?
The goal of the push and pull distribution approach is to target your marketing campaign. Customers may draw the product through the retail chain towards them or the product may be pushed in their direction. For instance, the Texas-based textile manufacturer Cotton Incorporated employs a push/pull marketing approach. They continually produce new items, put them on the market, and draw buyers in with promotions and advertising in an effort to generate demand from the public. A push system starts production in anticipation of future demand, whereas a pull system starts production in response to the current need. A push system starts production regardless of needs, whereas a pull system is triggered by actual demands for finished goods.
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At the beginning of each period for 10 years, Merl Agnes invests $500 semiannually at 6%. What is the cash value of this anrivity due at the end of year 10 ? LU/3−1(2)
The cash value of the annuity due at the end of year 10 is approximately $2,147.88.
To calculate the cash value of the annuity due at the end of year 10, we need to determine the future value of the semiannual investments. Merl Agnes invests $500 semiannually at 6% for a period of 10 years.
The formula to calculate the future value of an annuity due is:
FV = PMT * [(1 + r)^n - 1] / r
Where:
FV = Future Value
PMT = Payment per period
r = Interest rate per period
n = Number of periods
In this case, the payment per period (PMT) is $500, the interest rate per period (r) is 6% or 0.06, and the number of periods (n) is 10 years multiplied by 2 since the investments are made semiannually.
Substituting the values into the formula, we have:
FV = $500 * [(1 + 0.06)^20 - 1] / 0.06
Evaluating the expression inside the brackets first:
(1 + 0.06)^20 = 1.06^20 ≈ 1.321972
Now, substituting this value back into the formula:
FV = $500 * (1.321972 - 1) / 0.06
Calculating the difference inside the brackets:
1.321972 - 1 ≈ 0.321972
Finally, calculating the cash value of the annuity due:
FV = $500 * 0.321972 / 0.06 ≈ $2,147.88
Therefore, the cash value of the annuity due at the end of year 10 is approximately $2,147.88.
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