The balance in the account eight years after the last deposit is $24,676.68
What is an ordinary annuity?
Ordinary annuity means a fixed amount that would be paid over a period of time, with payments being made at the end of each period.
Like in this scenario, the $900 would be deposited every six months into the Reed Bank account for 7 years, in essence, our first task is to determine the balance in the account at the time of the last deposit in 7 years using the future value formula of an ordinary annuity as shown below:
FV=annuity payment*(1+r)^N-1/r
annuity payment=$900
r=semiannual interest rate=6%/2=0.03
N=number of semiannual payments in 7 years=7*2=14
FV=$900*(1+0.03)^14-1/0.03
FV=$900*(1.03)^14-1/0.03
FV=$900*(1.51258972485511-1)/0.03
FV=$900*0.51258972485511/0.03
FV=$15,377.69
The balance in the account eight years after the last deposit can be computed using the future value formula of single cash of $15,377.69
FV=PV*(1+r)^N
PV=balance at the time of the last deposit=$15,377.69
r=semiannual interest rate=6%/2=0.03
N=number of semiannual periods in 8 years=8*2=16
FV=$15,377.69*(1+0.03)^16
FV=$24,676.68
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3. What is the second rule of risk management?
a. Share the risk.
b. Transfer the risk.
c. Avoid the risk.
d. Document the risk.
Norwood Company reported a receivables turnover ratio of 9.7. Cost of goods sold was $435,000 and net sales revenue was $746,900. The average net receivables must have been:
The average net receivables must have been 72,000.
Receivables turnover ratio = net sales ÷ average net receivables
9.7 = 746900 ÷ average net receivables
average net receivables = 746900 ÷ 9.7
average net receivables = 77000
More about net receivables:
Net receivables are the entire amount of money owed to a business by its clients less the amount that is most likely never to be paid. Net receivables are sometimes reported as a percentage, and a higher proportion shows that a company may collect more money from its clients.
Receivable turnover ratio:
Receivables turnover ratio is the name of an accounting metric that measures how well a business collects its accounts receivable. This ratio assesses the efficiency with which a business uses and manages the credit it lends to consumers, as well as the speed at which short-term debt is collected or paid.
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Describe the importance of effective communication for manager
Answer:
Strong management – When managers are strong communicators, they are better able to manage their teams. The delegation of tasks, conflict management, motivation and relationship building (all key responsibilities of any manager) are all much easier when you are a strong community
Effective communication is significant for managers to perform the basic functions of management.
What do you mean by effective communication?Effective communication is a process of exchanging ideas and data so that the message is received and understood. It gives clarity and purpose.
Strong management – When managers exist as strong communicators, they are better capable to manage their teams. The delegation of tasks, conflict management, motivation, and relationship building (all key obligations of any manager) exist all much more comfortable when you stand as a strong communicator.
Effective communication is important for managers to perform the basic functions of management. The basic functions of management include planning organizing leading, and controlling. It helps them to perform their jobs and responsibilities. It gives a foundation for planning.
Thus, effective communication is important for managers.
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Please Help soon
Reflect on how the money multiplier concept can be an important tool of both expansionary as well as contractionary monetary policy for any central bank such as the U.S. Federal Reserve Bank?
The money multiplier can be used as an expansionary and also an expansionary tool by a given government.
What is an expansionary tool?As an expansionary tool, the money multiplier may be used to increase the amount of money supply that is in an economy. This would cause the interest rates to be low so that people would not have much benefits from saving their money.
As a contractionary toolThe money multiplier can be used to reduce the amount of money that is in circulation in a given economy. This would make people want to save more money in the bank because the interest rate is going to be raised.
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Question 8 of 10
Why is it important to name an executor in a will?
OA. To ensure that someone you trust administers your estate
OB. To ensure that beneficiaries get whatever they want from the
estate
C. To ensure that the court doesn't declare the will null and void
OD. To ensure that beneficiaries do not receive any assets
SUBMIT
It is important to name an executor B. To provide that beneficiaries acquire whatever they want from the estate.
Who is an executor?An executor exists as someone who stands responsible for executing or following an assigned task or duty. The feminine form, executrix, may sometimes be utilized.
An executor typically presents the will for probate, brings the action to rescue the assets of the estate, creates distributions of effects to beneficiaries, and produces the debts and taxes of the estate.
An executor handles your estate when it's in probate (aka the procedure of being distributed and carried out). Particularly, they begin and observe through the probate approach. They also manage your assets, pay your obligations, and allocate property to your heirs as summarized in your will
Hence, It is important to name an executor B. To provide that beneficiaries acquire whatever they want from the estate.
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Essential to name an executor in a will B. To ensure that beneficiaries get whatever they want from the estate
The person bargaining with the estate of the person who has died is called an agent or an administrator. An executor is someone who is named in the will as accountable for dealing with the estate. An administrator may have to apply for a special legal authority before they can deal with the inheritance.
What Is an Executor?An executor of an inheritance is an individual appointed to administer the testament of a departed person. The executor's main duty is to carry out the education to manage the affairs and wishes of the departed.
What rights does an executor have?The court gives the executor the freedom to act on the decedent's behalf. The administrator is responsible for managing the estate's assets. The administrator can liquidate assets to pay the bills of the estate or use the accounts in the estate to pay these bills.
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3. A 9.3% annual coupon bond with a 10-year maturity and a $1,000 par value has a yield to maturity of 8%. Assuming that the yield curve is flat and doesn’t shift, calculate the holding period return you would achieve from buying the bond, holding it for one year only.
Holding period return is 8.000%
Price at the time of purchase=
1000*9.3% 8(1/1.08^10)+1000/1.08^10=1087.231058
Price at the time of sale=
1000*9.3%/8%*(1-1/1.08^9)+1000/1.08^9=1081.209543
Holding period return=
(1081.209543+1000*9.3%)/1087.231058-1=8.0000%
Coupon bonds, also known as bearer bonds or bond coupons, are debt securities with coupons attached that represent semi-annual interest payments. For coupon bonds, there is no record of the purchaser and issuer. The purchaser's name is not even printed on the certificate.
A coupon bond is a debt instrument with a removable piece of paper that can be peeled off the bond itself and taken to a bank or broker to pay interest. These removable pieces of paper are called coupons and represent interest payments to creditors.
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It is inappropriate for a child care provider to actively participate in a child’s Individuals with Disabilities Education Act (IDEA) intervention team.
true or false
It is inappropriate for a child care provider to actively participate in a child’s Individuals with Disabilities Education Act (IDEA) intervention team. False. The Individuals with Disabilities Education Act is a piece of American legislation that ensures students with a disability are provided with a Free Appropriate Public Education that is tailored to their individual needs.
Who is a child care provider?A child care provider is someone who provides supervision and care for children's basic needs in childcare facilities. They perform a range of duties including preparing meals, creating lesson plans, and helping children with homework. Also known as a Day Care Worker or Child Care Worker.
Therefore, the correct answer is as given above
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Speer Cycle Sales, Inc. offers warranties on all their bikes. They estimate warranty expense at 5% of sales. At the beginning of 2025, the Estimated Warranty Payable account had a credit balance of $1 900. During the year, Speer Cycle Sales had $303 000 in sales and had to pay out $5 900 in warranty payments. In accordance with GAAP, how much Warranty Expense should Speer Cycle Sales report on the 2025 income statement?
The provision for warranty in the current year should be
303000 * 5% = 15150 where 4000 is a current expense so a total of 19150 should be reported.
A warranty clause is a provision in a contract that typically affords a promise specifying that something is real or will manifest. In contract law, this clause can have a couple of that means, and it has a tendency to be one of the most misunderstood.
A warranty is a contingent legal responsibility, so the celebration presenting it needs to report a liability and assurance price whilst it information the associated sale of goods or offerings. As the promoting birthday party incurs real assurance fees, it expenses them towards the legal responsibility account.
The warranty price account receives debited, and the warranty legal responsibility account gets credited. The value of the alternative components and merchandise despatched to customers is debited from the warranty legal responsibility account. And it is credited to the inventory account as actual warranty claims are obtained.
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Refer to the following supply and demand curve diagram.
a. Starting from an initial equilibrium at E, what shift or shifts in supply and/or demand could move the equilibrium price and quantity to each of points A through I?
b. Starting from an initial equilibrium at E, what would happen if both a decrease in the price of a substitute in production and an increase in income occurred, if it is a normal good?
c. Starting from an initial equilibrium at E, what would happen if both an increase in the price of an input and an advance in technology occurred?
d. If a price floor is imposed above the equilibrium price, which of A through I would tend to be the quantity supplied, and which would tend to be the quantity demanded? Which would be the new quantity exchanged?
e. If a price ceiling is imposed below the equilibrium price, which of A through I would tend to be the quantity supplied, and which would tend to be the quantity demanded? Which would be the new quantity exchanged?
Use long division to find the value of 1,875 - 15
Allicyn is building a development dashboard. She discovers she needs to have more focus on factors that explain why certain decisions are made that affect her part of the supply chain. Which area is she concerned with?
Subject matter expertise is she concerned with.
What is supply chain?A supply chain transforms raw materials and elements into a finished product that's provided to a customer. It is created up of a complex network of organizations and movements, such as raw materials suppliers, manufactories, distributors, retailers, and the customer. A supply chain directs the network of organizations, individuals, activities, information, and resources concerned with delivering a product or service to a consumer.
Supply chain management exists as the practice of coordinating the different activities essential to produce and deliver goods and services to a business's customers. Examples of supply chain activities can contain designing, farming, manufacturing, packaging, or transporting. The subject matter expertise(SME) furnishes the knowledge and expertise in a distinct subject, business area, or technical location for a project/program.
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Allicyn is building a development dashboard. She discovers she needs to have more focus on factors that explain why certain decisions are made that affect her part of the supply chain. Which area is she concerned with?
Select an answer:
subject matter expertise
professional networking
knowledge of context
supply chabu language
1. R 20 million of new investment has been added to the South African economy, the current MPS is
0.40, and tax rate (t) is 0.12. By how much will aggregate spending and income increase as a result of
the R20 million increase in investment spending (7 marks).
Answer:
Yes
Explanation:
because south Africa can't put the money on the side
As a result of the R20 million increase in investment spending, the aggregate spending and income will increase by R38.462.
What is income?
Income, which is typically stated in monetary terms, is the spending and saving opportunity acquired by an entity within a given duration. Conceptually, income is difficult to define, and different fields may have distinct definitions.
When a new investment of R 20 million had been made with the aim of income increase in the South African economy, the current MPS is 0.40, and the tax rate (t) is 0.12.
Now the question that rises is what will be the aggregate spending and income increase as a result of the R20 million increase in investment spending. For this, the calculation will be as follow:
Multiplier will be = 1/ (MPS+MRT) = 1/(0.40 +0.12) = 1/0.52 = 1.923
Thus, the aggregate spending and income increment will be = R20 * 1.923 = R38.462.
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Covariance is best described as
Covariance is best described as a feature which allow for the substitution of subtype with its supertype.
What is covariance?When two or more variables that are continuous have common factors, such is termed covariance hence could be positive, negative or zero.
In other words, covariance indicates the relationship of two variables whenever one variable changes. If an increase in one variable results in an increase in the other variable.
Covariance is what gives or shows the joint relationship between two random variables.
If covariance is positive, it means that the variables move togetherIf it is negative, it means the variables don't move together.If covariance is zero, it shows there's no relationship between the variables.Learn more covariance here: https://brainly.com/question/16889222
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What is holistic market?
Answer:
Holistic marketing is a business marketing philosophy which considers business and all its parts as one single entity and gives a shared purpose to every activity and person related to that business.
Explanation:
Companies report people to credit agencies if they iffail to pay their bills on time.
• borrow too much money.
•
fail to use
different types of credit.
O use large amounts
of credit at once.
Companies report people to credit agencies if they fail to pay their bills on time. Option A
What is Credit agency?Credit agency are companies that gathers information about creditors.
They help in given detail report of credit facilities that is available to an individual and can determine if an individual is Worthy of been borrowed money.
Therefore,
Companies report people to credit agencies if they fail to pay their bills on time
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30 POINTS! My package says Package is "Out for Delivery" since 9AM today but the scheduled delivery date is tomorrow. Usually when something is out for delivery it arrives that day and not the day after. Anyone knows whats happening?
Thanks
Answer:
maybe that delivered somewhere else or maybe it's a glitch
Which factor is not affected by cost of living? O A. How much housing costs O B. Insurance rates you pay O C. The quality of your relationships O D. The cost of health care
Answer:
c.the quality of you relationship
If aggregate demand shifts to the left by $400 billion and aggregate supply is upward-sloping, then real output will decrease by.
Answer:
will decrease by $400 billion and the price level will fall
Changes in Current Operating Assets and Liabilities—Indirect Method
Covington Corporation's comparative balance sheet for current assets and liabilities was as follows:
Dec. 31, 20Y2 Dec. 31, 20Y1
Accounts receivable $28,200 $27,300
Inventory 59,500 60,200
Accounts payable 18,400 17,000
Dividends payable 20,000 19,000
Adjust net income of $88,300 for changes in operating assets and liabilities to arrive at net cash flow from operating activities.
$fill in the blank 1
The Net cash provided by operating activities is:$90,500.
Net cash provided by operating activitiesCash flows from operating activities
Net Income $88,300
Adjustments to reconcile net income to
Net cash provided by operating activities:
(Increase) Decrease in Current Assets:
Accounts Receivables ($900)
($28,200 -$27,300)
Inventory $700
($59,500-$60,200)
Increase (Decrease) in Current Liabilities:
Accounts Payable $1,400
($18,400 -$17,000)
Dividends Payable $1,000
Net cash provided by operating activities $90,500
Therefore the Net cash provided by operating activities is:$90,500.
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What is the relationship between the hospitality industry and tourism
The relationship between the hospitality industry and tourism is that hospitality industry supplies the services needed for tourism.
What is Tourism?This is defined as the movement of people to different countries or place which is usually from their usual environment for various purposes such as for relaxation and fun.
Hospitality industries include hotels, restaurant etc which provide the services needed for tourism and ensures the visitors are well taken care of during their stay in their chosen location through the provision of various types of services which are best suited to the individuals thereby making it the correct choice of relationship between them.
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If there is an increase in demand for a good, what will most likely happen to the price and quantity of the good exchanged?
Answer:
demand curve shift right means price intersects lower and quantity is increased
Explanation:
price decrease, quantity increase
The price elasticity of supply is0.9 , and price increases by10 percent. As a result, the quantity supplied will increase by
enter your response here percent. (Enter your response as a real number rounded to one decimal place, and do not use a percentage sign.)
When price increases by 10 percent, the quantity supplied increases by nine percent.
What is the percentage increase in the quantity supplied?Price elasticity of supply measures the responsiveness of quantity supplied to changes in price of the good. Price and quantity supplied have a positive relationship.
If the value of the price elasticity of supply is less than one, it means that supply in inelastic. Supply is inelastic if a small change in price has little or no effect on quantity supplied.
Price elasticity of supply = percentage change in quantity supplied / percentage change in price
percentage change in quantity supplied = percentage change in price X price elasticity of supply
0.9 x 10 = 9%
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Answer please business ethics and principles of marketing
Business ethics and principles of marketing
In recent years, the Business ethics literature has exploded in both volume and importance. Because of the sheer volume and diversity of this literature, a review article was deemed necessary to provide focus and clarity to the area. The present paper reviews the literature on business ethics with a special focus on marketing ethics.
Marketing principles are the most commonly used principles that are around since the 1960s, these principles stood the test of time and have remained the same - with a little variation here and there - for decades. Businesses follow these principles for a successful marketing strategy.
1. Product
Dmytro Tsybuliak search marketing expert, and co-founder of nitrate, states that product is one of the most crucial principles of marketing. The product can be either a good or a service you provide to customers. One important thing that often marketers ignore is to see the appeal of your product and market for it before deciding what you want to offer.
.2. Price
The price is the money the customer has to pay for the product or services they receive. There are two types of pricing, such as cost-oriented prices and market-oriented prices.
3. Place
Place refers to the process of bringing your products and services to the customers. The place is wherever your product or services are available for purchase and customers can buy them. It could be a brick-and-mortar store, an online website, or you can use multiple channels to reach a broader audience.
4. Promotion
Promotion is creating awareness for your products, services, company, and brand. All the ways a company uses to build awareness for their product and services are known as promotion. Promotion should give customers a reason to choose your product or service, as well as show the prospective customers the benefits of using your product. Promotion is the backbone of marketing and as crucial for businesses as the quality of the products they produce. It refers to communicating with the target audience through different channels and creating awareness for your product and services.
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what happens to the total quantity demanded when the price of the product rises above $50
When the quantity demanded rises above 50 dollars the quantity demanded would be less than 100 units.
Demand is the amount of goods that consumers are willing to purchase at various prices over a period of time. The relationship between price and quantity demanded is also called the demand curve.
Demand is the number of consumers willing and able to purchase a product at various prices over a period of time. Demand for goods refers to consumers' desire to purchase goods and their willingness and ability to pay for them.
For example, if a consumer is hungry and buys a slice of pizza, the first slice has the highest utility or utility. Each additional part makes the consumer happier and the profit decreases. Theoretically, the first production can get a higher price from the consumer.
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Paul consumes only books and DVDs. At his current consumption bundle, his marginal utility from DVDs is 20 and from books is 2.Each DVD costs $6 , and each book costs $1 Is he maximizing his utility? Explain
Yes we can conclude that Paul is maximizing his utility.
How to solve for the utilitymarginal utility of good b = MUb
price of good b = Pb
marginal utility of good d = MUd
price of good d = Pd
MUb / Pb = 20/6 = 3.33
MUd / Pd = 2/ 1 = 2
(MUb / Pb) > (MUd / Pd)
This is given that 3.33 is greater that 2.
Hence we have to say that he is maximizing his utility given that 3.33 is greater than 2.
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Downsizing: Reasons to abandon products or markets:
Products or business units that are unprofitable or no longer fit the company's overall strategy
-Rapid growth of the company
-Lack of experience in a market
-Change in market environment
-Decline of a particular product
Select one:
O True
O False
False, Rapid development of the company, Lack of experience in a market, Change in the market environment, Decline of a particular product is not reason of Downsizing: Reasons to abandon products or markets: Effects or business units that are unprofitable or no longer fit the company's overall strategy
What are the cause your customers leaves?
Customers will often decide against departing if they have some sense of commitment to a certain brand, product, service or organization. Loyalty normally takes some time to accrue, so organizations find it hard to detect or create loyalty among new customers in particular.
What compels a negative brand image?
Your reaction could either be optimistic or negative based on past experiences with the company, recent headlines about them and/or views of those within your social circle. Each of these factors donates to the overall image of the organization.
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According to what is taught in this course, company is most likely to start earning positive profits at the ___ stage of an industry life-cycle.
According to what is taught in this course, company is most likely to start earning positive profits at the growth stage stage of an industry life-cycle.
What is growth stage stage of an industry life-cycle?
At the growth stage there is usually a notable change in the revenue, this is because the revenue continues to rise and in this period the companies start generating positive cash flows as well as the profits and product revenue and costs .
It should be noted that According to what is taught in this course, company is most likely to start earning positive profits at the growth stage stage of an industry life-cycle.
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Experts estimate that most people spend what percentage of their income on
transportation?
о A. About 15 percent
B. About 60 percent
OC. About 41 percent
OD. About 3 percent
About 15 percent estimation that most people spend what percentage of their earnings on transportation
How much of your earnings goes to transportation?
about 15%
According to the study, vehicle is actually the second largest expense for most American families.Americans spend about 16% of their income on it, with monthly costs arriving in at a whopping $813 on average.Transportation expenditures are a subset of travel expenses, which contain all of the costs associated with business travel such as taxi fare, energy, parking fees, accommodation, feeds, tips, cleaning, shipping, and telephone charges that workers may incur and claim for repayment from their employers.To learn more about income on transportation , refer
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Why does naira devalue ?
Demand pressures includes an increase in education FX outflows as that has increased from $500 million in 2015 to $6 billion in 2021, showing a massive growth in demand for dollars over a 6 year period,” he explained, establishing also that the lack of liquidity in the market was causing the naira's downfall.
Hope it helps !_____________________________________________
What should you do after completing and filing your Free Application for Federal Student Aid (FAFSA)? A. Review and submit you Student Aid Report (SAR) B. Get your Federal Student Aid ID C. Gather the necessary financial documents D. Accept your financial aid package
After completing and filing your Free Application for Federal Student Aid (FAFSA) A. Review and submit your Student Aid Report (SAR).
Once you put up your FAFSA form, you'll get a SAR, an digital or paper file that summarizes the facts you stated on your FAFSA shape.
Our widespread eligibility requirements include whether you have economic want, are a U.S. citizen or an eligible noncitizen, and are enrolled in an eligible diploma or certificate application at your university or career school.
For the 2020-21 cycle, in case you're a based student and your family has a mixed-income of $27,000 or less, your predicted contribution to university fees could routinely be zero. The equal goes in case you (as an impartial scholar) and your spouse earn no extra than $27,000 annually.
It is not the financial resource itself. but, the FAFSA enables the pupil to qualify for plenty of forms of financial resources from several assets. a number of this cash is unfastened cash, a few must be earned thru paintings, and a few need to be repaid.
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Answer:
Gather the necessary documents to complete the FAFSA.
Explanation:
Best Buy sells a flat-screen high-definition TV for $700. Best Buy marks up the TV 45% on cost. What is the cost and dollar markup of the TV?
Answer:Cost of Tv 482.76 Dollar Markup 217.24
Explanation:
The cost of the TV will be $ 315
The dollar markup of the TV will be $ 1015
What is a markup price?The markup is the difference in prices between the cost of producing the product or service and the price at which it is sold. Businesses must tack on a markup on top of their total expenditures in order to guarantee a profit and recoup the costs associated with producing a good or service.
The information provided is:
The selling price of the TV = is $700
The markup cost of the TV = 45% of the cost
The dollar markup cost will be
= 700 * 45%
= $315
The new cost that will be generated will be
= 700 + 315
=$1015
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