Margaret’s car loan statement said that she would pay $7,683.20 in interest for a 5-year loan at an interest rate of 9.8%. Assuming this is an example of simple interest, how much did Margaret borrow to buy the car?

Answer:

Different price for a car wash on Tuesday versus Wednesday

Explanation:

Price discrimination is when identical goods are sold at different prices from the same provider. A Ford truck and a Ford car are not identical items. The average price of a home in two very different states (one highly desirable due to temperature/climate, and one less desirable for the same reason) do not constitute price discrimination. But the days of the week someone is able to wash a car, at the same car wash is an identical service at a different price.

The best example of price discrimination is different price for a car wash on Tuesday versus Wednesday. The correct option is (B).

A selling tactic known as price discrimination involves charging clients various rates for the same good or service depending on what the vendor believes they can persuade the customer to accept.

When a merchant uses pure price discrimination, they charge each consumer the highest price they will agree to. When a seller discriminates on pricing, each consumer pays a different price for the same good or service.

Price discrimination is most beneficial when the profit gained from separating the markets exceeds the profit gained from maintaining the united markets.

Therefore, the best example of price discrimination is different price for a car wash on Tuesday versus Wednesday.

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Answer: $15,940.03

Explanation:

             Principle  Add Deposit Interest Total

Year 1 3000.00          201.00 3201.00

Year 2 3201.00 2500 381.97 6082.97

Year 3 6082.97 2500 575.06 9158.03

Year 4 9158.03 2500 781.09 12439.11

Year 5 12439.11 2500 1000.92 15940.03

After making deposits in a bank account as stated in the conditions given above, it can be inferred that an amount of approximately $15,940 will be available in the account after the end of 5 years.

Deposits can be referred to or considered as such engagement of monies with any commercial bank that also provides a predetermined rate of interest to the customers making such deposit. Interest acts like a return on investment in this case.

The above condition is a case of making recurring deposits at regular intervals. Upon satisfying the conditions given above, the amount of monies in the account can be computed as below,

At the end of year 1, the Total deposit after interest earned will be

3000 + 6.70% = $3,201.

At the end of two years,

(3201 + 2500) + 6.70% = $6,083.

At the end of three years,

(6083 + 2500) + 6.70% = $9,158.

At the end of four years,

(9158 + 2500) + 6.70% = $12439.

At the end of five years,

(12439 + 2500) + 6.70% = $15,940.

Thus, it can be concluded that at the end of five years the deposits made after earning the interest will be $15,940.

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Answer:

straight line depreciation:

depreciation expense per year, the same for every year = ($60,000 - $12,000) / 14 = $3,428.57

book value end of year 1 = $56,571.43

book value end of year 2 = $53,142.86

book value end of year 3 = $49,714.29

book value end of year 4 = $46,285.72

book value end of year 5 = $42,857.15

double declining balance:

deprecation expense year 1 = 2 x 1/14 x $60,000 = $8,571.43

book value end of year 1 = $51,428.57

deprecation expense year 2 = 2 x 1/14 x $51,428.57 = $7,346.94

book value end of year 2 = $44,081.63

deprecation expense year 3 = 2 x 1/14 x $44,081.63 = $6,297.38

book value end of year 3 = $37,784.25

deprecation expense year 4 = 2 x 1/14 x $37,784.25 = $5,397.75

book value end of year 4 = $32,386.50

deprecation expense year 5 = 2 x 1/14 x $32,386.50 = $4,626.64

book value end of year 5 = $27,759.86

sum of digits:

depreciable value = $60,000 - $12,000 = $48,000

total sum of digits = 120 years

deprecation expense year 1 = $48,000 x 15/120 = $6,000

book value end of year 1 = $54,000

deprecation expense year 2 = $48,000 x 14/120 = $5,600

book value end of year 2 = $48,400

deprecation expense year 3 = $48,000 x 13/120 = $5,200

book value end of year 3 = $43,200

deprecation expense year 4 = $48,000 x 12/120 = $4,800

book value end of year 4 = $38,400

deprecation expense year 5 = $48,000 x 11/120 = $4,400

book value end of year 5 = $34,000

Group of answer choices:

Given that Mattie could convincingly threaten to always fight, what would be Irene’s best response  

a.   Not Enter

b.   Run

c.  ​ Hide  

d.  ​ Enter

Answer:

Given that Mattie could convincingly threaten to always fight, Irene's best response would be:

d.  ​ Enter

Explanation:

Irene Dairy should enter the market despite Mattie's threat to always fight.  If Irene Dairy does not enter the market out of fear of Mattie's threat to fight, other firms are likely to enter and share the market with Mattie.  Mattie should never be given the privileges of a monopolist. Irene Dairy should ensure that its ice creams are of higher quality and sustain the fight with Mattie, which cannot forever shed its profits in the name of fighting a competitor.

Answer:

B. False

Explanation:

Since in the question, it is mentioned that Erney applied for a carpentry apprenticeship program. Also he took the test. This is not a illegal as if he wants to work in two specialized field than he could co but the work should be legal in nature and both the work are legal itself

Hence, the given statement is false

Answer:

$80

Explanation:

Brosen incorporation has just designed a new product.

The target cost of the new product is $64

Let y represent the target price

Broken requires the new product to have a profit of 20%

= 20/100 × y

= 0.2×y

= 0.2y

Therefore, the target price can be calculated as follows

Target cost+ Target profit= Target price

64 + 0.2y= y

64= y-0.2y

64= 0.8y

y= 64/0.8

y= 80

Hence the target price for the new product is $80

Answer:

Harvey's Hardware

Marginal cost of producing the third lawnmowers:

d. $100

Explanation:

Harvey's marginal cost for producing the third unit of lawnmowers is the additional cost that resulted when the total cost increased from $200 to  $300.  However, it can be deciphered from the case that the marginal cost for Harvey, which it is supposed to be  a variable cost, is traceable to the direct labor costs.  This implies that the fixed cost element for Harvey in the production of the lawnmowers has been relatively fixed at $100.  It does not vary with the volume of production, while the direct labor costs vary with the volume of lawnmowers produced by Harvey.

Answer:

the bond's real return for the year is 6.18 %.

Explanation:

First find the nominal return of the bond then the real return as follows :

PV = - $946.02

Pmt = $1,000 × 5.10% = $51

P/yr = 1

FV = $979.58

n = 1

r = ?

Using a Financial Calculator, the nominal return of the bond, r is 8.9385 %.

Real Return = ( 1 + nominal return) / (1 + inflation rate) -1

                   =  (1 + 0.089395) / (1 + 0.026) - 1

                   = 0.0618 or 6.18 %

Answer:

Commander

Explanation:

GCSS-Army is short for Global Combat Support System-Army. The GCSS is a section of the United States Army that is fielded under the 11th Armored Cavalry Regiment. There are the GCSS Wave 1 and GCSS Wave 2. These two groups have different roles.

The role of the Commander falls under the Wave 2 functions where he is required to perform the roles of maintenance, dispatch, unit supply, and property book functions. The Wave 1 function is mostly about allowing access to support supply activity functions. The commanders in any organization they work with can screen several transactions and give approval for equipment dispatch.

Answer:

The answer is A. improvement in technology

Explanation:

Labor productivity growth is not relevant to a decline in university attendance.

Applying the Malthusianism theory, an increase in population growth can't lead to labor productivity growth because while that population growth is potentially exponential, the growth of resources is linear.

Finally, the physical capital per worker is the quantity of equipment and input resources that are used to produce output goods and services. It has no direct influence to the labor productivity growth.

Answer:

Cash payback period is 7.9 years

Explanation:

Payback period = Initial investment / Cash inflow per period

=$379,200 / $48,000

=7.9 years

Thus, the cash payback period is 7.9 years.

Note: It is assumed that the net annual cash flows are after considering the annual depreciation.

Answer:

In the first instance money serves as Measure of Value, while in the second instance money serves as Medium of Exchange.

Explanation:

The measure of value and medium of exchange are two of the functions of money which are explained as follows:

a) Measure of Value

The function of money as a measure of value permits all goods and services to be attached prices. That is, every commodity is valued in terms of money. Therefore, money gives the opportunity to compare values of goods and services. Measure of value is also referred to as a unit of value.

From the question, the function of money as a measure of value is what permits Seven-11 to quote a super Slurpee as $1.39.

b) Medium of exchange

The function of money as a medium of exchange provides the opportunity use money as an intermediary instrument in order to ensure goods and services purchased, sold or traded between parties at a standard value. This is different from what obtained under the trade by barter in which commodities had to be exchanged for commodities without any standard value.

From the question, the function of money as a medium of exchange allows an amount of $1.39 which is a standard value was exchanged for the super Slurpee.

Answer:

(1) Unit of Account

(2) Medium of Exchange

Explanation:

(1) A unit of account is the measure in which prices are quoted. Thus, when the price of the super Slurpee is quoted in dollars, money functions as a unit of account.

(2) A medium of exchange is what people trade for goods and services. Thus, when you buy the super Slurpee, you are offering the $1.39 in exchange for the super Slurpee. Money here serves as a medium of exchange.  

Answer:

The implication is that the Illinois Department of Child Services is a unionized workplace.

Mortimer will derive better benefits that surpass the costs of membership.  He is covered in all collective bargains, even when he resigns his union membership.  Unions negotiate for better working conditions, higher pays, and improved benefits.

When Mortimer has any grievance against the department, the union will also represent him, thereby making his life easier since unions can negotiate better with employers than individual workers.

Mortimer is even lucky to find a job at a unionized workplace because the jobs are not usually advertised as union members easily bring in their relatives and friends to occupy such vacancies.

Explanation:

Most of the disadvantages that Mortimer should complain about unions are disadvantages to the employer and not to him as an individual worker.  For the employer, the union acts as a form of monopoly that can decide whether the workers would work or not.  The unionized workers are not easy to replace with other workers.

Answer:

1. C. Light text on a dark background

2. B. Adjust the color scheme

D. Add a company logo

E. Select different fonts

Explanation:

In order to produce a professional and memorable presentation using Microsoft Powerpoint program, the design guidelines should be applied in certain situations.

The text and background one should use in a darkened room is "Light text on a dark background"

Also, the correct way one can customize existing templates is to do the following:

1. Adjust the color scheme

2. Add a company logo

3. Select different fonts

The correct answer is C. Money is safer in the bank.

Explanation:

The main point or position of Jonas is that savings should be kept in an account due to the costs associated with this. In this context, the only argument that refutes Jonas' position and it is directly related to the main point of Jonas is "Money is safer in the bank" because even if keeping savings in a bank requires to pay fees this guarantees the money will be safe, which does not occur if Jonas keeps his savings at home. Moreover, the safety factor makes the option of the bank better, which refutes Jonas position.

Answer:

Money is safer in the bank.

Explanation:

Answer:

The question you have provided is missing important information needed for the calculation of break even point.

However step by step approach for the calculation of the break even point is given below :

Understand what break even point is :

Break even point is the level of operation where a Company neither makes a profit nor a loss.

Break even point in units calculation :

Break even point in units calculation = Fixed Costs for the Period ÷ Contribution per unit

Where, Contribution per unit = Selling Price per Unit less Variable Cost (Manufacturing and Non Manufacturing) per unit

Conclusion :

At Break Even Point level,Total Contribution will equal Total Fixed Cost (thus no profit nor loss)

The only data the question provided is :

Fixec Cost - $305,000

Answer:

14.86%

Explanation:

For computing the standard deviation, first we have to determine the expected return and then variance which is shown below:

= (Expected return of the boom × probability of boom) + (expected return of the normal growth × probability of normal growth) + (expected return of the recession × probability of recession)

= (0.30 × 0.40) + (0.11 × 0.40) + (-0.10 × 0.20)  

= 0.12 + 0.044 - 0.02

= 0.144

Now the variance would equal to the

= Probability × (Return - Expected Return) ^2

For boom:

= 0.40 × (0.30 - 0.144) ^2

= 0.0097344

For normal growth:

= 0.40 × (0.11 - 0.144) ^2

= 0.0004624

For recession:

= 0.20 × (-0.10 - 0.144) ^2

= 0.0119072

So, the total variance would be

= 0.0097344  + 0.0004624  + 0.0119072

= 0.022104

Now as we know that

Standard deviation is

[tex]\sqrt{variance} \\\\ = \sqrt{0.022104}[/tex]

= 14.86%

Answer:

Organization's culture.

Explanation:

Every organization has a set of unwritten norms that members of the organization accept and understand and which guide their actions. This system of shared meaning is organization's culture.

An organizational culture typically comprises of values, norms, beliefs and assumptions which defines the most appropriate ways of behaving in an organization (work environment).

Generally, an organizational culture is usually designed and established by the top executives or management of an organization and communicated to the various employees working there.

According to Robert Quinn and Kim Cameron, an organizational culture can be divided into four (4) main categories;

1. Adhocracy culture.

2. Clan culture.

3. Hierarchy culture.

4. Market culture.

Additionally, the significance of an organizational culture is simply that it creates a unique social, efficient and psychological environment of an organization.

Answer: the fed rather than borrowing from another commercial bank.

Explanation:

Based on the question, if there is a scenario whereby the discount rate to the federal funds rate is lower, the logical thing to do is to borrow from the fed rather than borrowing from another commercial bank.

This is because borrowing from fed rather than borrowing from another commercial bank mean that there's less risk attached.

Answer:

c. $12,000 preferred: $23,000 common

Explanation:

Calculation of how the Dividend should be distributed

First step is to calculate for preferred stock outstanding

Preferred stock outstanding=$150,000 * 8% non-cumulative

Preferred stock outstanding=$12,000

Second step is to calculate for common stock outstanding

Using this formula

Common stock outstanding = Cash Dividend-Preferred stock outstanding

Let plug in the formula

Common stock outstanding=$35,000-$12,000

Common stock outstanding=$23,000

Therefore Preferred stock outstanding will be $12,000 while Common stock outstanding will be $23,000

Answer:

Expected return in( %) =16.80 %

Explanation:

The Dividend Valuation Model (DVM) is a technique used to value the worth of an asset.

According to this model, the value of an asset is the sum of the present values of the future cash flows would that arise from the asset discounted at the required rate of return.  

If dividend is expected to grow at a given rate , the expected return on share can be determined as follows:

Ke=Do (1+g)/P  + g

Do - dividend in the following year, Ke- requited rate of return , g- growth rate, P-price

DATA:

Do- 1.45

g- 6.5%

P- price

Ke = (1.45× (1.065)/15) + 0.065= 0.16795

Return in % = 0.16795  × 100 = 16.80 %

Return in( %) =16.80 %

Answer:

The stock reissue would be recorded with a debit to Cash for $3,600,000, a debit to additional Paid in capital $300,000 and Credit to treasury stock $3,900,000

Explanation:

Description                          Debit$          Credit$

Cash                                  3,600,000

(600,000 * $6.00)

Additional Paid in capital  300,000

(600,000 x $0.50)

Treasury stock                                            3,900,000

(600,000 * 6.50)

Answer:

ordering costs = $22.34

Explanation:

economic order quantity (EOQ) = √(2SD / H)

50 = √[(2 x S x 235) / $4.20]

2,500 = (2 x S x 235) / $4.20

$10,500 = 2 x S x 235

S = $10,500 / (2 x 235) = $10,500 / 470 = $22.34

Answer:

WACC = 6.66 %

Explanation:

Weighted average cost of capital is the average cost of all of the long-term types of finance used by a company weighted according to the that amount of finance used in relation to the total pool of fund

WACC = (Wd×Kd)  +  (We×Ke)

After-tax cost of debt = Before tax cost of debt× (1-tax rate)

Kd-After-tax cost of debt = 5%

Ke-Cost of equity = 11.4%

Wd-Weight f debt -74%

We-Weight of equity = 26%

WACC = (0.74× 5%)  + (0.26 × 11.4%) = 6.66 %

WACC = 6.66 %

Answer:

Project Element Craig Monitored in this scenario:

d. Risk

Explanation:

The element of the project that Craig monitored ensures that the deliverable conforms with the correct model and size because there is the risk that this could not conform if a deliverable was not not checked with the team member who ordered the deliverable.  Since higher risks of deliverables not conforming to model and size would render the whole project unsuccessful, Craig has to meet with the team member responsible.  In order words, the meeting between Craig and the team member for confirmation of correct model and size eliminates the risks of non-conformance.

In the example above when deliverable came and Craig met with the team member for ordering confirming whether the model and size was correct, Craig was monitoring Risk. So the correct option is D.

Risk refers to the possibility chances that the desired or the expected result will be obtained from the activities that are undertaken. Risk is directly related to the reward of such activity.

[tex]\rm Risk = \beta[/tex]

Hence, the correct option is D that Craig was monitoring risk by checking the deliverable was correct in terms of model and size with the help of a team member.

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Answer:

a) Defects Per Million Opportunity

Explanation:

DPMO is an acronym which stands for Defects Per Million Opportunity. Defects per Million Opportunities refers to a standard metric which represents the number of defects in a process per one million opportunities.

In order to calculate the DPMO, we divide the number of defects by the number of opportunities and then multiply by a million.

Additionally, when a quality characteristics or properties do not tally with a standard or specifications it is generally referred to as a defect.

Hence, in a six sigma approach to quality or level of performance, the defects per million opportunities (DPMO) is 3.4.

Answer: 2.58

Explanation:

Portfolio beta of 1.60 is weighted average of all the constituent betas.

US Treasury bills are riskless so beta is 0

Stock A has market risk so beta is 1.

1.60 = (0.16 * 0) + ( 0.36 * 1) + ( 0.48 * b)

1.60 = 0.36 + 0.48b

0.48b = 1.24

b = 2.58

Answer:

C. The firm likes its workers and doesn’t want to replace some jobs with machinery.

Explanation:

Optimal level of capital simply refers to an ideal strategy used by a firm to raise capital. For example, a firm may decide between debt financing or equity financing, depending on the company's desired level of capital.

So, an already operational firm with that likes its workers and doesn’t want to replace some jobs with machinery has no direct relationship with its level of capital.

Answer:

Profit $3,567

I would exercise my option by buying the shares before the expiration .

Explanation:

Calculation of how much profit would you make trading $1,000,000

First step is to multiply the spot rate on the final day by the trading amount

3.4329s*$1,000,000

=$3,432,900

Second step is to divide the spot rate option by the strike price

3,432,900/3.4207

=$1,003,567

Last Step is to find the profit

Profit =$1,003,567-$1,000,000

Profit=$3,567

Therefore the amount of PROFIT you would make trading $1,000,000 will be $3,567

Based on the above calculation I would exercise my option by buying the shares before the expiration .

The question is incomplete as it misses the figures. The following is the complete question.

Steady Company's stock has a beta of 0.21. If the risk-free rate is 6.2% and the market risk premium is 6.9%, what is an estimate of Steady Company's cost of equity?

Answer:

The cost of equity is 0.07649 or 7.649%

Explanation:

The required rate of return or cost of equity capital is the rate required by the investors to invest in a stock based on the systematic risk of the stock as measure by the beta. The required rate of return or cost of equity can be calculated using the CAPM equation. The CAPM equation is,

r = rRF + Beta * rpM

Where,

r = 0.062 + 0.21 * 0.069

r = 0.07649 or 7.649%