Answer:
46%of Americans couldn't come out with $400 in an emergency
It suggests that 46% of all Americans find it difficult to come up with four hundred bucks if there had been to be an emergency. Also, 60% of Americans will face that emergency within one year or less.
Why is it crucial to know about financial management?Financial management helps in enhancing the profitability of organizations, increases the general price of the corporations or organizations, provides financial stability, encourages personnel to store money, and enables them in non-public economic planning.
Hence, this is the statistical information we get about Americans' financial management.
Learn more about financial management here:
https://brainly.com/question/989344
#SPJ2
According to the National Information Infrastructure Protection Act of 1996, the severity of the penalty for computer crimes depends on the value of the information obtained and whether the offense is judged to have been committed for each of the following except __________.
a. to harass
b. for purposes of commercial advantage
c. in furtherance of a criminal act
d. for private financial gain
Answer:
Option a: To harass
Explanation:
The National Information Infrastructure Protection Act of 1996 did modified which computer fraud and abuse act.
Computer Crime
This is simply regarded as any form of violations of criminal law regarding the knowledge of computer technology for their perpetration, investigation, or prosecution. It is often called cybercrime. The Computer Fraud and Abuse Act (CFAA) is set up by the government as a federal law stating and showing the civil liability for gaining unauthorized access to a computer and causing damage to any computer. it acts, states and formalizes laws to fight threats from computer related acts and offenses.
The forms of cybercrime against individuals includes harassment, Phishing, Pharming, Fraud, and Identity Theft.
The annual benefits of $4000 every year for three years may be obtained for an investment on a production equipment costing $20,000 with a salvage value of $5,000. If MARR is 6%, choose the right equation to determine the NPW.A) NPW = 20,000(F/P,6%,3) + 4,000(F/A, ^%, 3) + 5000B) NPW = -20000 + 4000(P/A,6%,3) + 5000(P/F,6%,3)C) NPW = 20,000(P/F,6%,3) + 4000(F/A,6%,3) + 5000D) -20000(P/F,6%,3) +4000(P/A,6%,3) + 5000(P/F,6%,3)
Answer:
The right equation to determine the NPW is:
= B) NPW = -20000 + 4000(P/A,6%,3) + 5000(P/F,6%,3)
Explanation:
a) Data:
Present value cost of production equipment = $20,000
Annual benefits = $4,000
Period of useful life = 3 years
MARR = 6%
Salvage value = $5,000
Present Value Annuity Factor for annual benefits for 3 years at 6% = 2.673
Present Value Factor for Salvage Value after 3 years at 6% = 0.840
Present Value Factor for the initial cost of investment = 1
Therefore, to obtain the NPW of the investment, the correct equation is:
B) NPW = -20000 + 4000(P/A,6%,3) + 5000(P/F,6%,3)
where NPW = Net Present Worth
P/A = Present Value Annuity Factor
P/F = Present Value Discount Factor
At December 31, 2017, before any year-end adjustments, Macarty Company's Prepaid Insurance account had a balance of $2,700. It was determined that $1,500 of the Prepaid Insurance had expired. The adjusted balance for Insurance Expense for the year would be:____________a) $1,200.b) $2,700.c) $1,900.d) $1,500.
Answer:
$1,500
Explanation:
Macarty company prepaid insurance account had a balance of $2700
It was determined that $1500 of the prepaid insurance had expired
Therefore the adjusted balance for insurance for the year is $1500
Classify the following markets as perfectly competitive, monopolistic, or monopolistically competitive, and explain your answers.
a. wooden no. 2 pencils
b. copper
c. local telephone service
d. peanut butter
e. lipstick
Expected Return American Eagle Outfitters (AEO) recently paid a $.42 dividend. The dividend is expected to grow at a 15.90 percent rate. At the current stock price of $24.47, what is the return shareholders are expecting?
Answer:
17.89%
Explanation:
according to the constant dividend growth model
price = d1 / (r - g)
d1 = next dividend to be paid
r = cost of equity
g = growth rate
24.47 = (0.42 x 1.1590) / (r - 0.1590)
24.47 x (r - 0.1590) = 0.487
(r - 0.1590) =0.01989
r = 0.1789 = 17.89%
Write a Story for Kumquat
Assume you are a brand manager of a clothing brand that offers formal clothing for gents in mid-tier market segment. The brand is constantly experiencing low sales for last six months. Being the brand manager you are given a task of carrying out the research to identify the problem. Explain in detail (step-wise) the market research you will carry out to identify the cause. Also provide the plausible trends (outcomes) of the research. You may assume any detail (such as brand name, location, etc.) yourself that is not mentioned here and may be needed for solving the problem. However, mention those details in your solution.
Answer:
Following steps are followed to carry out research for declining sales,
Define the problem
List possible solution
Evaluate each alternative solution
Finalize the solution
Implement the solution
Measure results
Explanation:
Sales is very crucial element for any business. The declining sales at gents clothing brand has created a problem for business managers. The declining sales will results in many problems like, inventory obsolete issues, lesser profits, increase cost and similar. The main reason for declining sales could be change in fashion or trend. Gents clothing is very much impacted by celebrities. If some popular celebrity has changed its way of dressing the impact can be observed in entire fashion industry.
If the Marifield Steel Fabrication Company earned $ 500 comma 000 in net income and paid a cash dividend of $ 300 comma 000 to its stockholders, what are the firm's earnings per share if the firm has 100 comma 000 shares of stock outstanding?
Answer:
$5
Explanation:
Earnings per share is the total profit earned by a firm divided by the number of outstanding shares
Earnings per share = earnings / total outstanding shares
$500,000 / 100,000 = $5
As environmental uncertainties increase, managers must develop techniques and methods for collecting, sorting through, and interpreting information about the environment. Discuss four of these methods, explaining when and why each would be used.
Answer:
Environmental responsibility is essential for companies to remain competitive in the long term, as society increasingly demands that organizations be agents of change in society and contribute to its development.
Therefore, there are several methods for an organization to be environmentally responsible, planning is necessary for the company to understand its micro and macro environment and how to contribute to the reduction of environmental impacts. Through environmental management, a company is able to plan actions that make it more sustainable, it is therefore necessary to use questionnaires, interviews, observation and reports, so that the actions developed are aligned with the environmental purposes of the company and the community where it operates.
Environmental management helps companies achieve total quality, as it reduces waste, improves job satisfaction, creates value for stakeholders and makes the company more positioned in the market.
General Products writes checks that average $26,000 daily. These checks take an average of 6 days to clear. It receives payments that average $28,000 daily. It takes 3 days before these checks are available to the firm. What would be the annual savings if General Products could obtain access to the payments it receives within 2 days
Answer: $1,680
Explanation:
It currently takes 3 days for checks to be available to the firm. If these payments could be available in 2 days then that would mean that they get access to $28,000 a day earlier than normal.
To calculate the annual savings, we shall assume an interest rate of 6% as one is not included.
Annual savings = Interest rate * Average payment
= 6% * 28,000
= $1,680
homeworklib On January 1, 2024, an investor paid $311,000 for bonds with a face amount of $375,000. The stated rate of interest is 8% while the current market rate of interest is 10%. Using the effective interest method, how much interest income is recognized by the investor in 2024 (assume annual interest payments and amortization)
Answer:
$37,500
Explanation:
Calculation to determine how much interest income is recognized by the investor in 2024
Using this formula
Interest income=Face amount *Current market rate of interest
Let plug in the formula
Interest income=$375,000*10%
Interest income=$37,500
Therefore how much interest income is recognized by the investor in 2024 is $37,500
Suppose Dansko Integrated has the following results related to cash flows for 2020:
Net Income of $6,800,000
Increase in Accounts Payable of $200,000
Decrease in Accounts Receivable of $800,000
Depreciation of $1,600,000
Increase in Inventory of $300,000
Other Adjustments from Operating Activities of $400,000
Assuming no other cash flow adjustments than those listed above, create a statement of cash flows with amounts in thousands.
Required:
What is the Net Cash Flow from Operating Activities?
The Net Cash Flow from Operating Activities is $9,500,000.
Net Operating ActivitiesNet Income $6,800,000
Adjustment:
Increase in Accounts Payable of $200,000
Decrease in Accounts Receivable $800,000
Depreciation of $1,600,000
Less Increase in Inventory ($300,000)
Other Adjustments from Operating Activities of $400,000
Net Cash Flow from Operating Activities $9,500,000
Therefore the Net Cash Flow from Operating Activities is $9,500,000.
Learn more about Net Operating Activities here:https://brainly.com/question/24228333
#SPJ1
Georgetown Retail Outlet provided the following financial information: Accounts Receivable balance as of 1/1/2017 $110,000 Accounts Receivable balance as of 12/31/2017 $120,000 Net Credit Sales for the year 2017 $839,500 Cost of Goods Sold for the year 2017 $486,910 Calculate Accounts Receivable Turnover.a. 7.30 days.b. 344.83 days.c. 01.06 days.d. 50.00 days.
Answer: 7.3 times
Explanation:
The Accounts Receivable Turnover Ratio is an activity ratio that shows how well a company collects the debts owed to it as well as how well it gives out credit.
It is calculated by the formula:
= Net Credit sales / Average Accounts Receivable
= 839,500 / ( (110,000 + 120,000) / 2)
= 839,500 / 115,000
= 7.3 times
Suppose you pay $50 to enter into a raffle with $1,000 prize. If you have a 3% chance of winning comma the expected value of your ticket is________.
Answer:
$-20
Explanation:
Calculation to determine the expected value of your ticket
Using this formula
Expected Value =∑ payoff *Probability
Let plug in the formula
Expected value of ticket =950 ∗.03+(−50) ∗(100%-3%)
Expected value of ticket =950 ∗.03+(−50) ∗.97
Expected value of ticket=−20.
Therefore the expected value of your ticket is $-20
The expected value of your ticket is -$20.
What is the expected value?The expected value is the summation of the multiplication of some random values with their probabilities of occurring.
The expected value estimates the chance that a favorable outcome will result.
Note that the cost of entering the raffle must be incurred whether the prize is won or not.
Data and Calculations:Cost for raffle = $50
Prize for raffle = $1,000
Probability of winning = 3%
Probability of losing = 97% (100% - 3%)
Expected value of winning = -$20 ($1,000 x 3% -$50)
Thus, the expected value of your ticket is -$20.
Learn more about probabilities and expected values at https://brainly.com/question/10675141
You are considering purchasing stock in Canyon Echo. You feel the company will increase its dividend at 3.9 percent indefinitely. The company just paid a dividend of $3.62 and you feel that the required return on the stock is 11.7 percent. What is the price per share of the company's stock
Answer:
$48.2
Explanation:
The increase in dividend is 3.9%
= 3.9/100
= 0.039
The recently paid dividend is $3.62
The required return is 11.7%
= 11.7/100
= 0.117
Therefore the price per share of the company stock can be calculated as follows
= 3.62(1+0.039)/0.117-0.039
= 3.62(1.039)/0.078
= 3.761/0.078
= 48.2
Hence the price per share is $48.2
Which of the following statements regarding EBITDA is correct: Select one: a. A defined term in GAAP b. None of the listed answers c. A proxy for net income d. A proxy for operating income e. All of the listed answers
Answer:
b. None of the listed answers
Explanation:
EBITDA means earnings before interest , tax, depreciation and amortization, whereas operating is the gross profit minus all operating costs, since depreciation and amortization, which are operating costs would have been deducted in arriving at EBITDA, it means operating income and EBITDA are not the same.
Net income is gross profIt minus interest,tax ,depreciation and amortization, hence, it is a far cry from EBITDA.
Note also EBITDA is not recognized by generally accepted accounting principles (GAAP) as a performance measure
On September 1, Ziegler Corporation had 57,000 shares of $5 par value common stock, and $171,000 of retained earnings. On that date, when the market price of the stock is $15 per share, the corporation issues a 2-for-1 stock split. The general journal entry to record this transaction is:
Answer: No entry required
Explanation:
A stock split does not change the overall value of equity so will not have any effect on the Equity accounts of the company.
Equity is also recorded by its total value in the financial statements and not the number of shares the company has. There will therefore be no entry to record that the number of shares has increased and because the total value does not change, neither does equity.
The LIFO inventory cost flow assumes that the cost of the newest goods purchased are: A. assumed to be the first ones sold. B. assumed to be the first ones included ending inventory. C. not included in cost of goods sold or ending inventory. D. assumed to be the last ones to be sold.
Answer: A. assumed to be the first ones sold.
Explanation:
Last in, first out is a method that's used in inventory such that the items that are produced recently will be the ones that will be sold first.
Using this method means that the goods recently produced or bought will be the first to be sold and recorded as cost of goods sold. This therefore means that the report on the inventory will be the lower cost of the old products.
Therefore, the LIFO inventory cost flow assumes that the cost of the newest goods purchased are assumed to be the first ones sold.
The congress of the country of Delta is debating budget issues and decides to cancel $5 billion worth of tax cuts in order to balance the budget. An argument against a balanced budget rule would be:________.
a. that there is no need for a balanced budget rule since the budget automatically adjusts and balances itself
b. that benefits from the tax cut were forgone.
c. that the budget deficits and debt do not have any impact on the economy.
d. the fact that the government of Delta should have reduced spending instead.
Answer:
b. that benefits from the tax cut were forgone.
Explanation:
The congress of the country of Delta is debating budget issues and decides to cancel $5 billion worth of tax cuts to balance the budget. An argument against a balanced budget rule would be: "that benefits from the tax cut were forgone."
This implies that the country of Delta would miss out on the benefits they could have derived from implementing the tax cut policy.
Some of the benefits include
1. more money into circulation.
2. Improve the saving and investment
Fuente, Inc., has identified an investment project with the following cash flows.
Year Cash Flow
1 $ 1,040
2 1,270
3 1,490
4 2,230
a.
If the discount rate is 9 percent, what is the future value of these cash flows in Year 4? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
b. If the discount rate is 12 percent, what is the future value of these cash flows in Year 4? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
c. If the discount rate is 23 percent, what is the future value of these cash flows in Year 4? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
Answer:
a. $6709.81
b. $6953.02
c. $7919.39
Explanation:
To determine the future value of the cash flows, the first step is to determine the present value of the cash flows
Present value is the sum of discounted cash flows
Present value can be calculated using a financial calculator
Cash flow in year 1 = 1,040
Cash flow in year 2 = 1,270
Cash flow in year 3 = 1,490
Cash flow in year 4 = 2,230
PV when interest rate is 9% = 4753.40
PV when interest rate is 12% = 4418.77
PV when interest rate is 23% = 3459.96
To find the PV using a financial calculator:
1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.
2. after inputting all the cash flows, press the NPV button, input the value for I, press enter and the arrow facing a downward direction.
3. Press compute
The formula for calculating future value:
FV = P (1 + r)^nm
FV = Future value
P = Present value
R = interest rate
m = number of compounding
N = number of years
1. 4753.40 x (1.09^4) = $6709.81
2. 4418.77 x (1.12^4) = $6953.02
3. 3459.96 x x (1.23^4) = $7919.39
Mitchell waited until July 5, 2019, to file his 2018 Form 1040 return. He did request an extension and paid 90% of the anticipated balance due on April 15, 2019. His remaining balance due on his 2018 return is $88. What is his failure to file penalty
Answer:
The answer is "$0".
Explanation:
Following are the Tax code of the IRS, taxpayers high school ask that their return on their tax return be extended on a deadline but must thus pay at least 90% of all tax owed, so how they can suffer the nonpayment penalty.
All remainder of the taxes being paid should be paid by the additional due date set by the taxpayer. Companies will have to pay the tax interest just after the due date if they do not pay.
For this reason, M requires timely prolongation and pays 90% of the remainder by the due date. Therefore, 'M' won't be obliged to pay any taxman's failure-to-pay penalty. Therefore, M fails to file $0.
Cleghorn Corporation produces and sells a single product. Data concerning that product appear below: Selling price per unit $160.00 Variable expense per unit $70.40 Fixed expense per month $153,216 Required:Determine the monthly break-even in total dollar sales.
Answer:
$273,600
Explanation:
The selling price per unit is $160
Variable expense per unit is $70.40
Fixed expense per month is 153,216
Therefore the monthly breaking can be calculated as follows
CM ratio = 56%
=>56/100
= 0.56
= 153,216/0.56
= 273,600
Hence the monthly break even in monthly dollars sales is $273,600
Specter Consulting purchased $8,900 of supplies and paid cash immediately. What general journal entries will Specter Consulting make to record this transaction? Assume the companyâs policy is to initially record prepaid and unearned items in balance sheet accounts?
Answer:
Debit Supplies $8,900; Credit Cash $8,900
Explanation:
Based on the information given the general journal entries that Specter Consulting will make to record this transaction assuming the companyâs policy is to initially record prepaid and unearned items in balance sheet accounts will be :
Debit Supplies $8,900
Credit Cash $8,900
Discuss the six HRM practices from which companies can choose for implementing their strategy. Illustrate by specific examples.
Answer:
Six practices of HRM are as :
Training and development.Recruitment and onboarding. Employee relations. Compensation and benefits. Risk management.Corporate policy.Explanation:
Recruitment and on boarding is the first strategy where the candidates are sourced and hired. Its is done to find the best talent for the job. Followed b the training and development to provide different approaches to candidates such as sexual harassment and cyber training. Compensation and benefits such as rocks of losing good talents and keeps the finger on the pulse of industry. Corporate policy done for internal communication's. Employee relation helps the workers deal with the situations.Pharoah Company purchased machinery on January 1 at a list price of $270000, with credit terms 2/10, n/30. Payment was made within the discount period. Pharoah paid $79750 sales tax on the machinery and paid installation charges of $4800. Prior to installation, Pharoah paid $10900 to pour a concrete slab on which to place the machinery. What is the total cost of the new machinery
Answer: $360,050
Explanation:
The total cost of a fixed asset refers to all the cash that was paid to acquire the asset, transport it and then install it.
Cost of the new machinery is therefore = Discounted cost price + Sales tax + Installation charges + Concrete slab
= (270,000 * (1 - 2%)) + 79,750 + 4,800 + 10,900
= 264,600 + 79,750 + 4,800 + 10,900
= $360,050
Cost price was discounted by 2% as per the credit terms of 2/10 which means that there is a discount of 2% if the asset is paid for in 10 days.
Binder Corp. has invested in new machinery at a cost of $1,450,000. This investment is expected to produce cash flows of $640,000, $715,250, $823,330, and $907,125 over the next four years. What is the payback period for this project
Answer:
2.12 years
Explanation:
The calculation of the payback period is given below:
Year CF Cumulative CF
0 $(1,450,000) $(1,450,000)
1 640,000 (810,000)
2 715,250 (94,750)
3 823,330 728,580
4 907,125 1,635,705
Now payback period is
= 2 + ($94,750 ÷$823,330)
= 2.12 years
George wants to retire at 65 with $1,000,000 in savings. He plans to deposit a lump sum on his birthday each year. How much will he need to invest each year if he starts saving at 25
Answer:
Annual saving = 6460
Explanation:
Below is the calculations:
Future value of amount = $1000000
He starts saving at 25 years, then the Years of saving = 40.
Let the interest earned on the saving account = 6%
Thus annual saving = 1000000(F/A, 6%, 40)
Annual saving = 1000000(0.00646)
Annual saving = 6460
Therefore the annual saving will be 6460 dollars.
When high-tech start-up Minx first hit the technology scene, it created a big splash. Its music streaming and voice control technology promised to revolutionize the field. It attracted $500,000 in seed money, suggesting that it could hire the best talent and create amazing new products. But Minx quickly fell off the fast track. It spent nearly $400,000 on a Bluetooth product that sold only 28 units. In addition, a botched security update resulted in the company's having to conduct a nationwide recall of one of its smart products. Yet, other products have been successful, and the company is not facing bankruptcy. Initially, Minx offered amazing perks to attract the best and brightest talent. It provided an in-house chef with free gourmet meals, unlimited snacks, on-site acupuncture, and free yoga classes. Its offices were pet-friendly, and new employees received a $10,000 cash signing bonus. To counter the long hours that the tech world notoriously demands of its workers, Minx offered relaxation areas with table tennis and foosball tables. Unfortunately, bad times have made it necessary for Minx to pull back on its employee perks. Although no staff people are being released, the in-house chef has to go, along with on-site acupuncture, yoga classes, and the $10,000 signing bonus. However, it's still a good place to work, and camaraderie is high.
Required:
As a communications trainee in the CEO's office, you have been asked to draft an intranet post or a memo to employees announcing the bad news. Explain the cutbacks that affect current employees. Employ the bad-news techniques taught in this chapter. What could soften this bad news?
Answer:
The responses can be defined as follows:
Explanation:
Whenever we enter an organization, we engage but we see that now the organization and ourselves have shared objectives. You operate as a team, create market value and affect the behavior of those you call customers. This is Minx's aim since day 1, and so far nothing had changed. Irrespective of the problems we face, we will prevail together again and escape from difficult situations.
That is why I send this note to inform you and in these tough economic times, we are reducing some facility's all-around idea of creating a more stable and sustainable atmosphere. In the following few months, we will eliminate some amenities including chefs, in-house acupuncturists, yoga sessions, and a prize fee of $10,000. Notwithstanding the difficulty, we would not implement personnel-related actions, such as redundancies and a decrease of employees.
Despite the reduction, I think that we will recover which is merely a temporary solution to tackle the financial storm. Your high-performing culture, comradeship, mutual care, team chemistry should dominate since we have done in the past. We didn't convey my appreciation for having people like you in our team and from this difficult period, we'll only gain strength. We looking forward more to your contributions and thoughts.
Two countries produce coffee and blueberries. Nicaragua can produce either 25 thousand pounds of coffee or 100 thousand pounds of blueberries per year. Colombia can produce either 20 thousand pounds of coffee or 40 thousand pounds of blueberries per year.
Initially the two countries do not trade. Nicaragua produces 7 thousand pounds of coffee and 72 thousand pounds of blueberries. Colombia produces 7 thousand pounds of coffee and 26 thousand pounds of blueberries. Suppose the countries completely specialize and decide to trade 9 thousand pounds of coffee for 27 thousand pounds of blueberries.
Suppose the countries completely specialize and decide to trade 9 thousand pounds of coffee for 27 thousand pounds of blueberries. After trade, Nicaragua can consume _____________ thousand more pounds of coffee and ____________ thousand more pounds of blueberries. After trade, Colombia can consume_____________ thousand more pounds of coffee and thous and _______________more pounds of blueberries in comparison to the pre- trade consumption.
Answer:
Columbia has more than 4 coffee & 1 more berry.
2) Nicaragua has more than 2 coffee & (100-27)= 73 berry, so 1 more berry.
Explanation:
Coffee Berry
Columbia 20 40
Nicaragua 25 100
So Columbia has Comparative ADVANTAGE in Coffee,
So it specializes in Coffee, & Nicaragua specializes in Berry
Initial consumption levels:
In Columbia ( Coffee, Berry)= (7,26)
In Nicaragua, (7,72)
so if Columbia trades 9 Coffee for 27 Berry
it can have (20-9) = 11 coffee, with 27 Berry
1) Columbia has more than 4 coffee & 1 more berry.
2) Nicaragua has more than 2 coffee & (100-27)= 73 berries, so 1 more berry.
Securitas Financial Services is contemplating purchasing and installing a new, expensive computer network. This is the type of expenditure that would be included in a(n) __________ budget. Multiple Choice capital cash operating asset
Answer:
capital budget.
Explanation:
From the question we are informed about scenerio whereby Securitas Financial Services is contemplating purchasing and installing a new, expensive computer network. This is the type of expenditure that would be included in capital budget.
Capital budgeting can be regarded as process that is been taken by a business in order to carry out evaluation of potential major projects or potential investments. An instance of this project whereby capital budgeting would be required before approval or rejection is Construction of a new plant, another one is carrying out big investment outside the venture.
