Using the rule of 72, t = StartFraction 72 Over r EndFraction, how long will it take for the principal to double with an annual compound interest rate of 6%?
Answer:
12 years
Explanation:
Given
[tex]t = \frac{72}{r}[/tex]
Required
How long will interest rate of [tex]6\%[/tex] double
We have:
[tex]t = \frac{72}{r}[/tex]
Substitute 6 for r
[tex]t = \frac{72}{6}[/tex]
[tex]t = 12[/tex]
Central City was awarded two state grants during its fiscal year ending September 30, 2020: a $2 million block grant that can be used to cover any operating expenses incurred during fiscal 2021, and a $1 million grant that can be used any time to acquire equipment for its police department. For the year ending September 30, 2020, Central City should recognize in grant revenue in its fund financial statement (in millions):
Answer:
$1 million
Explanation:
The computation of the grant revenue recognized in the fund financial statement is presented below;
Given that
The $2 million could be used for covering up the operating expense and $1 million could be used for purchasing an equipment
So as per the given situation, the $1 million should be recognized
Therefore the same should be considered
What degree of risk is necessary to classify an activity as ultrahazardous?
A. No risk is needed
B. Moderate degree
C. High degree
D. Low degree
what degree of risk is necessaryto classify anactivity as ultrahazardous?
C is the answer
During the listing presentation, it would be appropriate for broker Ted to present the statutory written statement regarding brokerage services. Ted should also caution the sellers that until they definitely decide to list with him, they should not reveal information that may later hurt their negotiation position with a buyer because Ted might later be required to reveal that information should he be dealing with a buyer-client. What else should Ted discuss with the sellers during the listing presentation
Answer: a. The listing agreement they will use
b) Ted's office policy regarding intermediary brokerage
c) Ted's office policy regarding commission splits with "other" brokers
Explanation:
Apart from the fact that the statutory written statement regarding the brokerage services will be presented, it is appropriate for Ted to discuss the following with the sellers.
• The listing agreement they will use
• Ted's office policy regarding intermediary brokerage
• Ted's office policy regarding commission splits with "other" brokers.
These are needed to ensure that both the sellers and the buyer understands each other's stand and the agreement that are in place to ensure a smooth transaction.
What are variables used by Honda to segment the market? Why do they use those variables to segment?
Answer and Explanation:
Honda market segmentation is based mainly on three market segmentation factors: demographics, behavioural factors, and psychographic factors. Demographic factors include: income/household income, age, family size etc. Behavioural factors include: purchasing behaviour, buying patterns etc. Psychographic factors include: psychological traits that affect a person's consumption habits, e.g- people that attach prestige to cars, people that prefer expensive cars etc.
Honda makes use of these segments in understanding their market, thereby grouping it's consumers into various segments which share same buying patterns, motivations, interests, or habits. For instance, Honda's market is mostly focused at individuals who do not want pricey cars; cars that are affordable and at the same time durable. This market is mostly made up of middle income individuals, therefore Honda would group these consumers accordingly.
During January, the production department of a process operations system completed and transferred to finished goods a total of 50,000 units. At the end of January, 10,000 additional units were in process in the production department and were 70% complete with respect to labor. The beginning inventory included labor cost of $41,000 and the production department incurred direct labor cost of $325,500 during January. Compute the direct labor cost per equivalent unit for the department using the weighted-average method.
Answer:
$6.43
Explanation:
Total equivalent unit = Completed and transferred to finished goods + Work in process inventory (70%) complete in labor
Total equivalent unit = 50,000 + 10,000*70%
Total equivalent unit = 50,000 + 7,000
Total equivalent unit = 57,000
Total direct labor cost = WIP labor expenses + Direct labor cost incurred during January
Total direct labor cost = $41,000 + $325,500
Total direct labor cost = $366,500
Direct labor cost per equivalent unit =Total direct labor cost / Total equivalent units
Direct labor cost per equivalent unit = $366,500 / 57,000 units
Direct labor cost per equivalent unit = $6.4298246
Direct labor cost per equivalent unit = $6.43
Caleb's income is generated by a base salary per month and a commission on sales. His income from the last 4 months is recorded in this table. Which statement is true based on the table of Caleb's income?
A. Caleb's base salary is $2,000 and he earns 2.6% interest on the sales he makes.
B. Caleb's base salary is $1,000 and he earns 4.4% interest on the sales he makes.
C. Caleb's base salary is $1,260 and he earns 0.6% interest on the sales he makes.
D. Caleb's base salary is $2,200 and he earns 6% interest on the sales he makes.
Answer:
D. Caleb's base salary is $2,200 and he earns 6% interest on the sales he makes.
Explanation:
Caleb earns an interest of 6% on the sales he makes. Caleb has base salary of $2,200 on which he earns interest. He pays taxes and the residual income is invested in various projects.
Intra-industry trade between similar trading partners allows the gains from ______________________ that arise when firms and workers specialize in the production of a certain product.
a. comparative advantage
b. learning and innovation
c. creating the value chain
d. relative advantage
Answer:
b. learning and innovation
Explanation:
Intra-industry trade can be regarded trade involving exchange of similar products which belongs to the same industry. Intra-industry trade as a term
is usually used as regards to international trade, whereby same services or types of goods is been imported and exported. Learning and innovation skills usually spring out from a particular firm base it's speciality on one kind of products. It should be noted that Intra-industry trade between similar trading partners allows the gains from learning and innovation that arise when firms and workers specialize in the production of a certain product.
Answer:
Learning and innovation
Explanation:
According to Olivier Blanchard, Europeans are more likely to use increases in real wages resulting from technological progress to increase ______, and Americans are more likely to use these increases in real wages to increase ______. unemployment insurance benefits; efficiency wages hours of leisure; consumption of goods and services hours of work; hours of leisure consumption of goods and services; hours of leisure
Answer: hours of leisure consumption of goods and services;
Explanation:
Real wage is the wage that has been adjusted as a result od inflation.
Based on the information given, according to Olivier Blanchard, Europeans are more likely to use increases in real wages resulting from technological progress to increase (hours of leisure) and Americans are more likely to use these increases in real wages to increase the (consumption of goods and services).
Horizontal, vertical, and related acquisitions to build market power: Group of answer choices are likely to undergo regulatory review by various governmental entities. are rarely permitted to occur across international borders. concentrate on capturing value at more than one stage in the value chain. typically involve a firm purchasing one of its suppliers or distributors.
Answer:
likely to undergo regulatory review by various governmental entities.
Explanation:
A horizontal acquisition refers to the business strategy where the one company could take the other company that operates at the similar level while on the other hand the vertical integration is the integration where the business operation could be acquired with the similar kind of production
So these types of acquisition should established the market power through which the regulatory review could be undergone via a different government entities
Which of the factors of industrialization does Baines cite in the reading? Check all that apply water power to run machines rivers for transportation of goods a growing population to work in factories natural resources for production natural resources for production wealthy people to invest in manufacturing
Answer: • Water power to run machines
• rivers for transportation of goods
• natural resources for production
Explanation:
Industrialization is when am economy moves from the agricultural sector to the industrial sector.
The factors of industrialization does Baines cite in the reading include:
• Water power to run machines
• rivers for transportation of goods
• natural resources for production
The factors affecting industrialization are water power to run machines, rivers for transportation of goods, and natural resources for production.
The industrialization process promotes the expansion of industries, businesses, and corporations in the economy. Here, water energies are utilized by industries for facilitating production activities, operating machinery, and cleaning purposes.
Similarly, rivers are also a major transportation mode for the transition of goods and raw materials that gives a boost to the production facilities of the business.
Finally, natural resources are the basis for raw materials for the industries depending on which further production processes are performed.
Learn more about industrialization here:
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Allied Bank Corp. utilizes the janitorial services of Marie's Clean-It Corp. to keep their buildings clean. Marie's provides all the necessary cleaning supplies, training, background security checks (because the crew works after hours), and all other associated expenses. The other available janitorial services do not typically provide security checks, and a client such as a bank would have to hire guards to watch the work of the janitors. If Allied Bank were to consider hiring another cleaning service to replace Marle's, which of the following would the bank incur?
A. complementary products
B. favorable quality status
C. high switching costs
D. unfavorable supplier status
E. high employment costs
Answer: C. high switching costs
Explanation:
Switching costs are the costs that the bank will incur should they decide to change janitorial services. They are higher depending on the services that will have to be replaced by the new janitorial service.
If the new janitorial service is unable to do some of the things that the old one was able to do, then switching costs will be higher.
As this is the case here, should Allied bank consider hiring some other service apart from Marie's Clean-It Corp. which would most likely not offer the security service, Allied bank would face high switching costs.
Within his company, Vernon has set up a system with inputs, outputs, transformation processes, and feedback. He utilizes a management style that varies according to the individual and environmental situation, with a strategy for minimizing errors by managing each stage of production. Vernon is utilizing a ________ perspective. Group of answer choices
Answer:
contemporary
Explanation:
Since in the question it is mentioned that the vernon has set up the system having an input, output, etc also the management style should be changed as per the individual & environmental situation so here he applied the contemporary perspective for minimizing the errors so that the wastage could be reduced and helps in attaining the objectives in an efficient manner
Which of the statements below is TRUE? A. Buying of shares is the selling of ownership in the company. B. A company is said to go "private" when it opens up its ownership structure to the general public through the sale of common stock. C. Private companies can go public by choosing to sell stock to attract permanent financing through equity ownership of the company. D. Most companies have the resident expertise to complete an initial public offering (IPO), or first public equity issue.
Answer:
C. Private companies can go public by choosing to sell stock to attract permanent financing through equity ownership of the company.
Explanation:
Private companies could go to the general public by selecting to sale the stocks in order to attract permanent financing via equity ownership of the company because they can sale the shares easily on the primary market in order to increased the finance also it will be help for raising the firm for the long period as the equity financing is considered for the long term financing
Hence, the option c is correct
Which of the statements below is FALSE? A. A problem with using the dividend growth model is that it appears to underestimate the expected return for some stocks B. A problem with using the dividend growth model is that it produces a negative expected return whenever a firm cuts its dividends. C. A problem with using the dividend growth model is that it appears to underestimate the expected return for all stocks. D. The dividend model requires that a firm have a cash dividend history and that the dividend history shows a constant dividend or a positive growth in dividends.
Answer:
C. A problem with using the dividend growth model is that it appears to underestimate the expected return for all stocks.
Explanation:
In the case of the dividend growth model, it shows the underestimated of the return for some stocks, also it generated the negative return at the time when the firm could cut the dividend. ALso it needs that the firm has the history of the cash dividend and that history should show the same dividend or the positive growth
But it does not show the underestimate for all kind of the stocks
Name the market structure in which agriculture farming operate
Answer:
primary sector involves agricultural stuufs
hope it is helpful
A cash equivalent is a short-term, highly liquid investment that is readily convertible into known amounts of cash and Group of answer choices is acceptable as a means to pay current liabilities. has a current market value that is greater than its original cost bears an interest rate that is at least equal to the prime rate of interest at the date of liquidation. is so near its maturity that it presents insignificant risk of changes in interest rates.
Answer:
so near its maturity that it presents insignificant risk of changes in interest rates.
Explanation:
As we know that the cash equivalent i.e .short term and also classified as the highly liquid investment that is always ready to convert into the cash amount i.e. near to its maturity also at the same time it represent the non-significant changes risk with respective to the rate of interest
Therefore the last option is correct
According to recent data, only 36 percent of Uber's current employees are women. How do you think this situation helped perpetuate a flawed corporate culture?
The situation that should help for a flawed corporate culture should be explained below:
The following information should be considered:
If we considered the business type where uber begins i.e. there is the lack of skilled & experienced professionals.The workforce should have a less rating.There is non-fair treatment like sexual harassment.Therefore we can conclude that the 36% of the present employees of uber that contains women perpetuates a flawed corporate culture.
Learn more about the culture here: brainly.com/question/13599991
Claude is a single father with 2 children. He can work as a stock clerk at Supermaxi store for $8 per hour up to 1,500 hours per year. He is eligible for welfare, and if he does not earn any income, he will receive $15,000 a year. If Tim works, the government policy is to deduct 70 cents from his welfare stipend for every $1 that he earns in income. This government policy provides a monetary incentive to work, because Group of answer choices
Answer: D. Tim’s income level increases the more he works.
Explanation:
Tim's income for the year = Salary from working + Welfare
Lets say Tim works 200 hours in a year.
His salary will be:
= 8 * 200 hours
= $1,600
Welfare:
70 cents off for every $1 so the amount they will deduct from Welfare is:
= 0.7 * 1,600
= $1,120
They will deduct this amount from the welfare of $15,000 and give Tim the rest.
Total income = 1,600 + (15,000 - 1,120)
= $15,480
Lets say Tim works 500 hours a year.
Salary is:
= 500 * 8
= $4,000
Amount to be deducted for welfare:
= 0.7 * 4,000
= $2,800
Total income:
= 4,000 + (15,000 - 4,000)
= $16,200
Notice how the income goes up as Tim works more. This policy therefore provides a monetary incentive to work harder.
Who has the most goals in fifa history
Answer:
Pele
explanation:
In 1.9k+ goals
When Parker started his business, he knew he had to keep costs to a minimum and he worried about taxes. He planned to build and distribute safety goggles for construction workers and military personnel. He realized most of his business would not be through walk-in customers but rather large orders from companies. He chose to locate in a government-subsidized area called a(n) ________________, where he would receive tax breaks. Multiple Choice intrapreneurial territory affective designation immigration zone enterprise zone
Answer:
Enterprise Zones. Specific geographic areas to which governments try to attract private business investment by offering lower taxes and other government support. Government Incubators
Explanation:
impact of lockdown on business
Explanation:
Impact on lockdown on business It has been very tough time for buisness as far as we know buisness hasnt last long enough and there has been very huge losses.
Which of the following reflects Revenue after Deductions?
Answer:
Net income reflects the total residual income that remains after accounting for all cash flows, both positive and negative. In other words, from revenue, which is called the top-line number, all income, expenses, and costs are deducted to arrive at net income
NET INCOME
Explanation:
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What caused china's phenomenal economic growth rate over the last 30 years, and why is it likely unsustainable in the long run?
Answer:
What caused china's phenomenal economic growth rate over the last 30 years
There are many causes for China's economic miracle in recent decades.
The first cause is that China decided to open the country to foreign investment in some parts of the country, the famous Special Economic Zones, the first one having been located in the city of Shenzhen, north of Hong Kong. This flow of capital boosted inustrial growth.
The second cause is that China became a manufacturing powerhouse due to lower labor costs, reason why most developed countries outsourced a large precentage of their manufacturing sector to China.
A third cause is that the Chinese government worked closely with both domestic firms and foreign firms in specific sectors, promoting a mixed economy in between economic planning and a market economy.
why is it likely unsustainable in the long run?
China's growth is likely unsustainable in the long run because as a country develops and catches up with the advanced world, its rate of growth tends to fall due to a myriad of reason, from capital exhaustion to lower demographic growth, to a less dynamic consumer market in several sectors.
The company paid dividends of $80,000 and issued a long-term note payable for $95,000 in exchange for equipment during the year. The company also purchased treasury stock that had a cost of $15,000. The financing section of the statement of cash flows will report net cash inflows of a. $291.000. b. $481,000 c. $305.000 d. $371.000
Answer:
a. $291.000
Explanation:
Calculation to determine what The financing section of the statement of cash flows will report as net cash inflows
Common stock $386,000
Less Dividends ($80,000)
Less Purchased treasury stock ($15,000)
Net cash inflows $291.000
($386,000-$80,000-$15,000)
Therefore The financing section of the statement of cash flows will report net cash inflows of $291,000
In the balance sheet at the end of its first year of operations, Dinty Inc. reported an allowance for uncollectible accounts of $82,000 During the year. Dinty wrote off $32,000 of accounts receivable they had attempted to collect and failed. Credit sales for the year were $2, 200,000, and cash collections from credit customers totaled $1, 950,000.
What bed debt expense would Dinty report in its first-year income statement?
A. $50,000.
B. $12,000.
C. $114.000.
D. Can't be determined from the given information.
What accounts receivable balance would Dinty report in its first year-end balance sheet?.
A. $196,000.
B. $211000.
C. $230,000.
D. None of the above is correct
Dim's adjusting entry for bad debts at year-end, which of these would be included?
A. Debit to bed debt expense for SI 14.000
B. Credit to allowance for uncollectible accounts for $82,000
C. Debit to accounts receivable for $32,000
D. All of the above are correct.
Answer and Explanation:
The computation is shown below:
a. The bad debt expense is
= change in allowance balance + wrote offs
= $82000 + $32000
= $112,000
b. the account receivable balance that should be reported is
= credit sales - cash collection - wrote offs
= $2,200,000 - $1,950,000 - $32,000
= $218,000
c. The adusting entry should be
Bad debt expense Dr $114,000
To allowance for doubtful debts $114,000
(Being bad debt expense is recorded)
here the correct option is a.
Joseph planned for his
company to make $250,000
in one month. Instead, they
made $300,000. What is the
percentage difference?
[?]%
Answer:
Percentage difference = 20%
Explanation:
Given:
Amount planed to make = $250,000
Amount actual made = $300,000
Find:
Percentage difference
Computation:
Actual difference = Amount actual made - Amount planed to make
Actual difference = 300,000 - 250,000
Actual difference = 50,000
Percentage difference = [Actual difference/Amount planed to make]100
Percentage difference = [50,000 / 250,000]100
Percentage difference = [0.2]100
Percentage difference = 20%
er book 3 Project 2021 Explain TWO major consequences for Boni and Pale should they be negligent in performing their duties.
Answer:
er book 3 Project 2021 Explain TWO major consequences for Boni and Pale should they be negligent in performing their duties.
The annual interest payment on bonds: decreases over the life of the bonds when bonds are issued at a discount. stays constant over the life of the bonds, regardless of whether bonds are issued at par, a discount, or a premium. increases over the life of the bonds when bonds are issued at a discount. increases over the life of the bonds under the effective-interest method, but stays constant under the straight-line method of amortization.
Answer:
stays constant over the life of the bonds, regardless of whether bonds are issued at par, a discount, or a premium.
Explanation:
The Annual Interest payment is calculated as follow
Annual Interest payment = Face value x Coupon rate
The Face value and coupon rate remain the same because these are constant values.
The interest payment is independent of the price of the bond. Whether the bond is issued on premium or on discount, the interest payment remains the same
A nation whose interest rate is rising more rapidly than interest rates in other nations can expect the international value of its currency to appreciate.
Answer:
true
Explanation:
The exchange rate is the rate at which one currency is exchanged for another currency
If interest rate is higher in a country compared to other countries, investors would be interested in investing in that country because they would earn a higher return for their investment.
As a result of the higher flow of funds into the economy with the higher interest rate, the demand for the country's currency increases. If the demand increases relative to supply, the value of that currency relative to other currencies increases and its exchange rate increases. this is what is referred to as currency appreciation
