Answer:
1103.22%
Explanation:
The value of the investment at the end of the year assuming 250 trading days per year can be computed the future value formula provided below:
FV=PV*(1+daily return)^n
PV=initial investment=$100
daily return=reinvestment rate=1%
n=number of trading days in a year=250
FV=$100*(1+1%)^250
FV=$ 1,203.22
Annual return=( 1,203.22/$100)-1
Annual return=1103.22%
Indicate how the following transactions affect the accounting equation.
a. The purchase of supplies on account.
b. The purchase of supplies for cash.
c. Payment of cash dividends to stockholders.
d. Revenues received in cash.
e. Sale made on account.
Answer:
Hopefully I understood the question correctly. Below is the affect on
assets-liabilities= owners equity
Explanation:
A. Increases assets, increases liabilty
b. Increases assets, decreases assets (a wash for assets)
c. Decreases owners equity, decreases assets
d. Increases owners equity, increases assets
e. Increases owners equity, increases assets
Waiting period. Upstate University currently has a 6 comma 000 -car parking capacity for faculty, staff, and students. This year, the university issued 4 comma 356 parking passes. The number of parking passes issued has been growing at a rate of 6 % per year. How long will it be before the university will need to add parking spaces?
Answer: 5.5 years
Explanation:
The 6,000 parking capacity is the future value of the number of parking passes and the 4,356 is the present value.
Using the future value formula, you can find the number of periods it would take:
Future value = Present value * (1 + rate) ^ n
(1 + rate)^ n = Future value / Present value
n = In (Future value / Present value) / In ( 1 + r)
= In (6,000 / 4,356) / In ( 1 + 6%)
= 5.495 years
= 5.5 years
On December 31, the company provides consulting services and bills its customer $3,000 for these services.
Required:
Write down the necessary journal entry.
Answer:
Debit Accounts receivable $3,000
Credit Consulting Revenue $3,000
Explanation:
Based on the information given if the company provides consulting services and bills its customer the amount of $3,000 for these services the appropriate journal entry On December 31 will be:
On December 31
Debit Accounts receivable $3,000
Credit Consulting Revenue $3,000
On December 31
Accounts Receivable $3,000
To Consulting Revenue $3,000
(Being consulting services is recorded)
Here the account receivable should be recorded as it increased the assets and credited the consulting revenue as it also increased the revenue.
Therefore we can conclude that the above journal entry should be recorded.
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___ is the total sum of benefits a purchasing firm obtains for the price it pays for the marketing offering.
is the total sum of benifits a purchesing firm for the price for the marketing offering quality
***what is business management
Answer:
business is a person's regular occupation, profession, or trade.
Management is the administration of an organization
Come and Go Bank offers your firm a discount interest loan with an interest rate of 9 percent for up to $21 million, and in addition requires you to maintain a 2 percent compensating balance against the face amount borrowed.
What is the effective annual interest rate on this lending arrangement? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)
Effective annual rate= %
Answer: 10.11%
Explanation:
The effective annual interest rate on this lending arrangement will be calculated thus:
Interest Paid will be:
= 9% × $21 million
= 0.09 × $21 million
= $1.89 million
Amount Received will then be:
= (21million - 1.89million) - (21million)(0.02)
= $19.11 million - $0.42 million
= $18.69 million
Then, the effective annual rate will be:
= 1.89/18.69
= 10.11%
Therefore, the effective annual interest rate on this lending arrangement is 10.11%.
An accurate assessment of a company's cost structure and customer value proposition requires that managers Multiple choice question. examine current accounting data. evaluate the specific value chain activities under their control. understand the value system for the entire industry. separate their activities from those of their distribution channel allies.
Answer:
understand the value system for the entire industry.
Explanation:
An industry value chain can be defined as a physical representation of all of the activities and processes undertaken by a company or business firm for the manufacturing of goods and services, especially starting with the purchase of raw materials, manufacturing of finished goods and then ending with the delivery of the finished goods (products) to the market and consumers through a supply chain.
Generally, an accurate assessment of a company's cost structure and customer value proposition requires that managers completely understand the value system for the entire industry.
This ultimately implies that, a manager must ensure that the industry value chain comprises of the costs, margins of suppliers, value-creating activities and processes, and forward channel partners (allies).
For each of the following scenarios, determine whether the decision maker is risk neutral, risk averse, or risk loving.
a. A manager prefers a 20 percent chance of receiving $1,400 and an 80 percent chance of receiving $500 to receiving $680 for sure.
b. A shareholder prefers receiving $920 with certainty to an 80 percent chance of receiving $1,100 and a 20 percent chance of receiving $200.
c. A consumer is indifferent between receiving $1,360 for sure and a lottery that pays $2,000 with a 60 percent probability and $400 with a 40 percent probability.
Answer:
RISK LOVING
RISK AVERSE
RISK NEUTRAL
Explanation:
A risk loving person prefers an uncertain outcome to a certain outcome with equal reward. She derives a higher utility from an uncertain outcome
A risk averse person prefers an certain outcome to a uncertain outcome with equal reward. She derives a higher utility from an certain outcome
A risk neutral person is indifferent between a certain outcome and an uncertain outcome with equal reward.
1 0.2(1400) + 0.8(500) = 680
the manger is risk loving because he prefers the uncertain outcome
You are the director of health information services in a major medical center that maintains both a psychiatric unit and a substance abuse unit in addition to general medical and surgical units. Your facility plans to join a computer network with fifteen hospitals throughout the state, which will allow online access to laboratory data, regardless of which facility performed the lab work. None of the other fifteen facilities offer psychiatric or substance abuse treatment.
Required:
Identify and discuss the confidentiality issues present with such a network in the light of the statutory, regulatory, and accrediting requirements governing patients treated in these units.
Answer:
See the explanation below.
Explanation:
The following are some of the confidentiality concerns that may develop as a result of establishing a network connecting the databases of 16 hospitals:
1. The regulation mandates that individuals have the option of opting out of the facility directory or requesting that their health information not be utilized for any other purpose.
2. If a network is constructed, the restriction will be broken since frequent facility reporting would be easily accessible in other facilities, and preserving the information left will be difficult to manage if patients refuse to supply details.
3. Because data would be open and available to a bigger audience, the minimum criterion will be hard to sustain.
4. Establishing a network hospital will violate the 1974 Privacy Act, which places restrictions on the transmission of personal information to third parties.
5. Establishes use and disclosure criteria that set a baseline for keeping the amount of data used or disclosed to the "bare minimum" required to achieve the intended aim.
6. Patents tested, diagnosed, or treated for alcohol and drug misuse, sexually transmitted infections, or mental health disorders may be subject to additional privacy obligations.
7. Creating a network and sharing information with hospitals that do not have such treatment options entails disclosing highly personal information to those who are unaware of some of the most vulnerable patients.
8. Patients who are being treated for such an illness are afforded a high level of seclusion so that their social lives are not disrupted.
The identification about the confidentiality issues present with such a network of databases of sixteen hospitals is:
There is the issue of regulation where the people have an option to decide the hospital does not use their information for any other purposeThere is always the issue of patients refusing to give out their details, or incomplete detailsIt would be difficult to keep track of the information without a centralised databaseThere would be a violation of the 1974 Privacy Act if a hospital decides to set up a network containing patient information.
According to the given question, we are asked to show and identify the confidentiality issues which are present with such a network of databases of sixteen hospitals.
As a result of this, we can see that a hospital database would be useful so that the hospital workers can access medical records and other related information about patients and can be helpful in diagnosis, treatment, etc.
However, there are some issues which can arise as a result of confidentiality issues which has to do with statutory laws and regulation, etc.
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bartleby Clayborn Corporation's net cash provided by operating activities was $118,800; its net income was $106,100; its income taxes were $46,900; its capital expenditures were $96,300; and its cash dividends were $30,200. Required: Determine the company's free cash flow. (Negative amounts should be indicated by a minus sign.)
Answer: -$7,700
Explanation:
The Free Cash Flow is the amount of after tax income that a company has that can go to both its shareholders and debt holders.
When using cash from operating activities, taxes have already been accounted for so it is calculated as:
= Net cash provided by operating activities - Capital expenditure - Cash Dividends
= 118,800 - 96,300 - 30,200
= -$7,700
At the beginning of the period, the Assembly Department budgeted direct labor of $60,500 and property tax of $26,000 for 5,500 hours of production. The department actually completed 6,800 hours of production. Determine the budget for the department, assuming that it uses flexible budgeting. $ fill in the blank 1
Answer:
Total cost= $100,800
Explanation:
Giving the following information:
Property tax= $26,000
Direct labor= $60,500
Number of hours= 5,500
Property tax is a fixed cost. We need to calculate the hourly rate for direct labor:
Hourly rate= 60,500 / 5,500
Hourly rate= $11
Now, the flexible budget:
Fixed cost= 26,00
Variable cost= 11*6,800= 74,800
Total cost= $100,800
Big Ed's Electrical has a pure discount bond that comes due in one year and has a face value of $1,000. The risk-free rate of return is 4 percent. The assets of Big Ed's are expected to be worth either $800 or $1,300 in one year. Currently, these assets are worth $1,140. What is the current value of the debt of Big Ed's Electrical?
a) $222.46
b) $370.77
c) $514.28
d) $769.23
e) $917.54
Answer: $917.54
Explanation:
The current value of the debt of Big Ed's Electrical will be calculated thus:
First, we will calculate the present value which will be:
= $800 / (1 + 4%)
= $800 / ( 1 + 0.04)
= 800 / 1.04
= $769.23
The number of options that are needed
will be:
= (1300 - 800) / ( 300 - 0)
= 500 / 300
= 1.6667
Therefore,
1140 = ( number of option needed × Co) + Present value
1140 = (1.6667 × Co ) + 769.23
Co = (1140 - 769.23 ) / 1.6667
Co = 370.77 / 1.6667
Co = $222.46
Value of debt will now be:
= Current worth of assets - Co
= 1140 - 222.46
= 917.54
Therefore, the answer is $917.54
If x follows a normal distribution with a mean of 10 and
standard deviation of 3; find out the following
A) Find the value of x = xº such that P(x 5 xº) = 5%
B) Find the value of x = xº such that P(x 2 x°) = 1%
Answer:
The answer is below
Explanation:
The z score is used to determine by how many standard deviations the raw score is above or below the mean. The z score is given by:
[tex]z=\frac{x-\mu}{\sigma} \\\\where\ x=raw\ score, \mu=mean,\ \sigma=standard\ deviation[/tex]
a) P(x ≥ x⁰) = P(z ≥ z⁰) = 1 - P(z < z⁰)
1 - P(z < z⁰) = 1%
P(z < z⁰) = 99%
z⁰ = 2.33
z° = (x° - μ)/σ
2.33 = (x° - 10)/3
x⁰ = 16.99
b) P(x ≥ x⁰) = P(z ≥ z⁰) = 1 - P(z < z⁰)
1 - P(z < z⁰) = 10%
P(z < z⁰) = 90%
z⁰ = 1.28
z° = (x° - μ)/σ
1.28 = (x° - 10)/3
x⁰ = 13.84
c) P(x ≥ x⁰) = P(z ≥ z⁰) = 1 - P(z < z⁰)
1 - P(z < z⁰) = 5%
P(z < z⁰) = 95%
z⁰ = 1.65
z° = (x° - μ)/σ
1.65 = (x° - 10)/3
x⁰ = 14.95
If a rise in incomes for both low-income and high-income workers is higher for the high- income workers, Group of answer choices then poverty will fall and inequality will rise. then poverty will rise and inequality will rise. then poverty will fall and inequality will fall. then poverty will rise and inequality will rise.
Answer:
Poverty will fall and inequality will rise.
Explanation:
Poverty will fall and inequality will rise is the correct answer because there is a rise in income for both category workers that is low income and higher income. Therefore, many low income workers may cross the poverty line due to an increase in pay so poverty will decrease. But, the income has increased for both the groups so higher income group worker will become richer so inequality will rise.
Chilly Moose Fruit Producer has a total asset turnover ratio of 3.50x, net annual sales of $40 million, and operating expenses of $18 million (including depreciation and amortization). On its balance sheet and income statement, respectively, it reported total debt of $2.50 million on which it pays a 11% interest rate.
To analyze a company's financial leverage situation, you need to measure the firm's debt management ratios. Based on the preceding information, what are the values for Chilly Moose Fruit's debt management ratios?
Ratio Value
Debt ratio
Times-interest-earned ratio
The US tax structure influences a firm's willingness to finance with debt. The tax structure more debt.
Answer:
Total Assets Turnover = Sales/Total Assets
Total Assets = Sales / Total Assets Turnover
Total Assets = 40 / 3.50
Total Assets = 11.43
Debt Ratio = Debt / Total Assets
Debt Ratio = 2.50/11.43
Debt Ratio = 0.2188
Debt Ratio = 0.22
EBIT = Sales - Operating Expenses
EBIT = 40 - 18
EBIT = $22
Interest = $2.50*11%
Interest = 0.275
EBIT/Interest = $22/0.0.275
EBIT/Interest = $800
The US tax structure influences a firm's willingness to finance with debt. The tax structure encourages more debt.
Select the true statement about the Restatement of the Law of Contracts.
a. It is a valuable resource for judges to consult, but it is not formal law.
b. It is the primary source of law for contract cases involving the sale of goods.
c. It must be renewed by Congress every ten years.
d. It completely overturned the contract law that had developed in the common law courtroom.
Answer:
The TRUE statement about the Restatement of the Law of Contracts is:
a. It is a valuable resource for judges to consult, but it is not formal law.
Explanation:
The Restatement of the Law of Contracts are treatises that clarify the general principles of contract common law, to help judges and lawyers in their judgments. Though it is one of the best-recognized and frequently cited legal treatises in all of American jurisprudence, it remains secondary sources of law. With the cooperation of judges, legal professors, and other legal experts, it is written and published by the American Law Institute (ALI).
The following data were accumulated for use in reconciling the bank account of Creative Design Co. for August 20Y6:
a. Cash balance according to the company's records at August 31, $19,140.
b. Cash balance according to the bank statement at August 31, $19,950.
c. Checks outstanding, $3,890. Deposit in transit not recorded by bank, $3,120.
d. A check for $340 in payment of an account was erroneously recorded in the check register as $430.
e. Bank debit memo for service charges, $50.
Required:
Journalize the entries that should be made by the company that (a) increase cash and (b) decrease cash.
Answer:
Looking at the data, there are only a few entries that increase and decrease cash.
The entry that increases cash is:
A check for $340 in payment of an account was erroneously recorded in the check register as $430.This increases cash because the payment was higher than it should be so when we adjust it, the cash will increase to reflect that more of it was spent than it should have been.
The increase is:
= 430 - 340
= $90
Date Account Title Debit Credit
August 20Y6 Cash $90
Accounts Payable $90
The entry that decreases cash is:
Bank debit memo for service charges, $50.Bank is charging us for its services. This is an expense that reduces the cash balance.
Date Account Title Debit Credit
August 20Y6 Bank charges $50
Cash $50
John works for a media advertising company that helps clients place ads in local online newspapers and magazines. He consults with systems analysts and programmers on projects that require the creation of systems to manage client records and trends. What is John's role in his organization?
Answer:
Database Administrator
Explanation:
From the question we are informed about John who works for a media advertising company that helps clients place ads in local online newspapers and magazines. He consults with systems analysts and programmers on projects that require the creation of systems to manage client records and trends. In this case, John's role in his organization is Database Administrator.
Database administrators can be regarded as a professionals that carry out functions that involve database development, security as well as storage and retrieval. They are professional that handle database management systems software, they are responsible for determining ways that can be used to organize and store data. Their role can carry such as capacity planning,performance monitoring as well as installation and configuration also troubleshooting and database design,
An actual agency that arises by deduction or inferences from other facts and circumstances, including the words and conduct of the parties, best describes __________
Answer:
The correct answer is " Implied agency/ostensible".
Explanation:
An effective power implicitly granted by that of the principle to its agent has demonstrated or derived from some kind of relationship across the accused principle as well as the agency, would be considered as Implied agency.The connection between 2 organizations allows individuals might assume that one of those would be a separate operator, as well as inversely, is a ostensible agency.Wildhorse, Inc. had net sales in 2020 of $1,502,400. At December 31, 2020, before adjusting entries, the balances in selected accounts were Accounts Receivable $221,100 debit, and Allowance for Doubtful Accounts $3,000 credit. If Wildhorse estimates that 8% of its receivables will prove to be uncollectible.
Required:
Prepare the December 31, 2017, journal entry to record bad debt expense.
Answer and Explanation:
The journal entry is shown below:
Bad debt expense Dr $14,668 ($221,100 × 8% - $3,000)
To Allowance for doubtful debts $14,668
(Being bad debt expense is recorded)
Here the bad debt expense is debited as it increased the expense and credited the allowance for doubtful debt as it decreased the assets
For the year, Logitom planned to sell 1,104,000 units at a $39 selling price. The marketing manager was asked to explain why budgeted revenue had not been achieved for that year. Investigation revealed the following information:
Actual sales volume 1,135,200 units
Actual selling price $38 per unit
Calculate the sales price variance, the sale volume variance, and the total revenue variance.
Answer:
Sales price variance = Actual quantity sold * (Actual price - Budgeted selling price)
Sales price variance = 1,135,200 * ($38 - $39)
Sales price variance = 1,135,200 * $1
Sales price variance = $1,135,200 Unfavorable
Sales volume variance = Budgeted selling price * (Actual quantity - Budgeted quantity)
Sales volume variance = $39 * (1,135,200 - 1,104,000)
Sales volume variance = $39 * 31,200
Sales volume variance = $1,216,800 Favorable
Total revenue variance = (Actual quantity * Actual price) - (Budgeted quantity * Budgeted price)
Total revenue variance = (1,135,200 * $38) - (1,104,000 * $39)
Total revenue variance = $43,137,600 - $43,056,000
Total revenue variance = $81,600 Favorable
Economic growth and public policy
Suppose an American buys stock issued by an Argentinian corporation. The Argentinian firm uses the proceeds from the sale to build a new office complex. This is an example of foreign investment in Argentina. Which of the following policies are consistent with the goal of increasing productivity and growth in developing countries?
a. Provide tax breaks and patents for firms that pursue research and development in health and sciences.
b. Give families cash payments on the condition that their children show up for school and medical exams.
c. Increase taxes on income from savings.
d. Protect property rights and enforce contracts.
Answer:
a. Foreign Portfolio Investment
b. a. Provide tax breaks and patents for firms that pursue research and development in health and sciences.
d. Protect property rights and enforce contracts.
Explanation:
This is an example of Foreign Portfolio Investment (FPI). Foreign portfolio investment is when an entity from a foreign country invests in another country by buying the shares of a company in the local country. The American company bought shares in Argentina so the qualifies as FPI.
To increase productivity companies that are pursuing research should be given patents and tax breaks. The tax breaks will enable them have more money to reinvest into the research and the patent will provide incentive to them to continue the research knowing full well that they will be compensated by being the only ones to be able to use the technology invented for some time.
Also protecting property rights and enforcing contracts encourages investment in a country because people will be more trusting of making a return from business dealings. Higher investment leads to more productivity and growth.
Crosley Company, a machinery dealer, leased a machine to Dexter Corporation on January 1, 2020. The lease is for an 8-year period and requires equal annual payments of $35,004 at the beginning of each year. The first payment is received on January 1, 2020. Crosley had purchased the machine during 2019 for $160,000. Collectibility of lease payments by Crosley is probable. Crosley set the annual rental to ensure a 6% rate of return. The machine has an economic life of 10 years with no residual value and reverts to Crosley at the termination of the lease.
Instructions:
a. Compute the amount of the lease receivable.
b. Prepare all necessary journal entries for Crosley for 2020.
c. Suppose the collectibility of the lease payments was not probable for Crosley. Prepare all necessary journal entries for the company in 2020.
d. Suppose at the end of the lease term, Crosley receives the asset and determines that it actually has a fair value of $1,000 instead of the anticipated residual value of $0. Record the entry to recognize the receipt of the asset for Crosley at the end of the lease term.
Answer:
A.$230,410
B. 01-Jan-17
Lease Receivable $230,410
Cost of Goods Sold $160,000
Sales Revenue $230,410
Inventory $160,000
01-Jan-17
Dr Cash $35,004
Cr Lease Receivable $35,004
31-Dec-17
Dr Lease Receivable $11,724
Cr Interest Revenue $11,724
C)01-Jan-17
Dr Cash $35,004
Cr Deposit Liability $35,004
D. Dr Inventory $1,000
Cr Gain on Lease $1,000
Explanation:
A. Computation for the amount of the lease receivable.
PV of lease= PV(rate, nper, pmt, [fv]), [type])
PV of lease= -PV (6%,8,35004, , 1)
PV of lease =$230,410
Therefore the amount of the lease receivable is $230,410
B. Preparation of all necessary journal entries for Crosley for 2020.
01-Jan-17
Lease Receivable $230,410
Cost of Goods Sold $160,000
Sales Revenue $230,410
Inventory $160,000
01-Jan-17
Dr Cash $35,004
Cr Lease Receivable $35,004
31-Dec-17
Dr Lease Receivable $11,724
Cr Interest Revenue $11,724
C. Preparation of all necessary journal entries for the company in 2020.
01-Jan-17
Dr Cash $35,004
Cr Deposit Liability $35,004
D. Preparation to Record the entry to recognize the receipt of the asset for Crosley at the end of the lease term
Dr Inventory $1,000
Cr Gain on Lease $1,000
Using cost behavior patterns MFG Company experiences the following cost behavior patterns each week: Fixed costs: supervisor’s salary $1,600; factory rent $3,700 Mixed costs: utilities $2,100 + $6.75 per unit Variable costs per unit: manufacturing labor wages $23.00; supplies used in production $10.00; packaging cost $3.75; warranty cost $4Required:Compute total costs to be incurred for a week with 2,750 units of activity.
Answer:
Total cost= $138,025
Explanation:
Giving the following information:
Fixed costs:
supervisor’s salary $1,600
factory rent $3,700
Mixed costs:
utilities $2,100 + $6.75 per unit
Variable costs per unit:
manufacturing labor wages $23.00
supplies used in production $10.00
packaging cost $3.75
warranty cost $4
Units produced= 2,750
First, we need to calculate the total variable cost:
Total variable cost= 2,750*(6.75 + 23 + 10 + 3.75 + 4)
Total variable cost= $130,625
Now, the total fixed cost:
Total fixed cost= 1,600 + 3,700 + 2,100
Total fixed cost= $7,400
Finally, the total cost:
Total cost= 130,625 + 7,400
Total cost= $138,025
If you have a derivative position where you might be obligated to sell Japanese yen, you are a: Group of answer choices Call option buyer/holder. Put option writer/seller. Put option buyer/holder. Call option writer/seller.
Answer:
The answer is B
Explanation:
The answer is B. Put option writer/seller. Put option writer has a right but not the obligation to sell an asset at a specified price while put option buyer is the reverse
Option A is wrong. Call option buyer/holder has the right but not the obligation to buy an asset at a specified price while call option writer/seller is the reverse.
Bell Corporation reports that at an activity level of 8,700 units, its total variable cost is $653,109, and its total fixed cost is $658,416.
Required: For the activity level of 8,800 units, assume this level is within the relevant range. Compute: the total variable cost, the total fixed cost, the total cost, the average variable cost per unit, the average fixed cost per unit, and the average total cost per unit.
There is not a word length requirement for this question; however, you must show your work.
Answer:
Bell Corporation
The total variable cost is = $660,616
The total fixed cost is = $658,416
The total cost is = $1,319,032
The average variable cost per unit is = $75.07
The average total cost per unit is = $149.89
Explanation:
a) Data and Calculations:
Current activity level = 8,700 units
Variable cost based on the current activity level = $653,109
Unit variable cost = $75.07 ($653,109/8,700)
Fixed cost = $658,416
At activity level of 8,800 units, since 8,800 units are within the relevant range:
The total variable cost = $660,616 (8,800 * $75.07)
The total fixed cost = $658,416 (same as at 8,700 units)
The total cost = $1,319,032 ($660,616 + $658,416)
The average variable cost per unit = $75.07 ($653,109/8,700)
The average total cost per unit = $149.89 ($1,319,032/8,800)
You are planning to put $3,500 in the bank at the end of each year for the next four years in hopes that you will have enough money for a down payment on a condo. If you are investing at an annual interest rate of 5%, you'll have accumulated ___________ at the end of four years.
You decided to deposit your money in the bank at the beginning of the year instead of the end of the same year, but now you are making payments of $2,500 at an annual interest rate of 6%. How much money will you have available at the end of seven years?
Answer:
Results are below.
Explanation:
Giving the following information:
Annual deposit (A)= $3,500
Number of periods (n)= 4 years
Interest rate (i)= 5%
To calculate the future value, we need to use the following formula:
FV= {A*[(1+i)^n-1]}/i
A= annual deposit
FV= {3,500*[(1.05^4) - 1]} / 0.05
FV= $15,085.44
Now, the deposit is at the beginning:
Annual deposit (A)= $2,500
Number of periods (n)= 7 years
Interest rate (i)= 6%
FV= {A*[(1+i)^n-1]}/i + {[A*(1+i)^n]-A}
FV= {2,500*[(1.06^7) - 1]} / 0.06 + {[2,500*(1.06)^7] - 2,500}
FV= 20,984.59 + 1,259.08
FV= $22,243.67
Mark, an HR Manager at Pyramid Inc., is responsible for the HR planning process in his organization. He has reviewed the organization's strategic plans. Which of the following is most likely to be Mark's next step in the planning process?
a. Develop HR staffing plans and actions
b. Compile HR planning forecasts
c. Implement HR staffing plans and actions
d. Assess external and internal workforce
Answer: d. Assess external and internal workforce
Explanation:
There are four steps involved in the HR planning process in an organization. The first step is the one that Mark just completed of reviewing the organization's strategic plans.
The next thing to do is the assess both the internal and external workforce of the organization so as to better understand them. After this step he would have to compile HR planning forecasts and then design HR staffing plans based on the strategic goals of the organization.
An important strength of the trait approach to leadership is that it: a. can help with leadership selection and development. b. helps in analyzing the situational demands. c. specifies which traits are needed for leadership in a given situation. d. specifies how much of a given trait is important for leadership.
Answer: A. can help with leadership selection and development.
Explanation:
The focus of the trait approach to leadership is on the personal attributes of a leader like the values, competencies, the physical and personality characteristics, etc.
Here, focus isn't on the followers but rather on the leader as it's concerned with the leaders traits. The leaders traits are vital to the leadership process. This can help with leadership selection and development.
The project manager often combines information from all of the lessons-learned reports into a project summary report.
a. True
b. False
Answer: True
Explanation:
The lesson learned reports is referred to as the reflective statement where the important information which were learned while working on the project is documented.
The information from all of the lessons-learned reports is combined by the project manager into a project summary report. Some of the items which are discussed in the lessons-learned reports are whether the project was successful or not etc.
