Answer:
1- c. Process.
2- d. Consistency.
Explanation:
A personal brand can be defined as a continuous process of using marketing efforts and developing different factors to increase the perception and reputation of a company, individual, group, institution, etc.
Personal brand management corresponds to a continuous process of action and positioning, so that the target audience that you want to reach through your brand, can get to know you, including the values and the solution of the problems and benefits you have to offer.
This is a process that demands consistency of actions and posture, since the process of consolidating a personal brand is a continuous process that requires a lot of research, knowledge and analysis of trends and market, advertising, presence in the media most used by the public, demonstration of seriousness, quality, benefits, quick response to problems, and several other factors that gradually contribute so that through a consistent process the brand has value and is consolidated in the market.
Personal branding is both a process and a journey, requiring consistency in message presentation across platforms. It involves continuous growth and development, and it's not an instant event, effort and perseverance are essential components.
Explanation:1. When discussing personal branding, it's most accurate to say that it's a process and a journey. It's not an instant event, instead, it involves continuous growth and development.
2. A key factor in personal branding is consistency. While being visible on social platforms and spending money on sponsored ads can be part of your strategy, it's essential to remain consistent in your message and the image you present, irrespective of the platform you're using. This consistency helps to solidify your brand in the minds of your target audience and adds trustworthiness to your brand.
Lastly, personal branding is not a 'waiting game' nor is it necessarily a 'hard thing'. It requires effort, perseverance, a clear understanding of your goals and values, and an adaptable strategy to meet changing circumstances.
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Although estimates vary, it is suggested that 80% or more of the job openings that exist are in the hidden job market. What is the difference between the published job market and the hidden job market?
Answer:
The difference between the published job market and the hidden job market is that the published job markets are the ones that are advertized in magazines, newspapers and web sites whereas, the hidden job market are the ones that are sourced internally in an organisation.
Explanation:
The published job market refers to publicly advertised job opportunities, while the hidden job market comprises positions filled through internal hires, referrals, or networking, which are not advertised. Up to 80% of jobs are believed to be part of the hidden job market, with variations by industry and job level. Accessing the hidden job market requires networking and creative job-seeking strategies.
The difference between the published job market and the hidden job market is that the published job market consists of job opportunities that are advertised publicly and are accessible to anyone with the right qualifications to apply. These can be found on company websites, job boards, newspapers, or job fairs. In contrast, the hidden job market includes employment opportunities not publicly advertised or posted, often filled through internal hires, referrals, or networking.
It is suggested that a significant majority of job openings, possibly up to 80%, are part of the hidden job market. Industries and job levels play a role in determining how prevalent the hidden job market is, with higher-level or specialized positions in certain sectors, such as IT, being more likely to be filled without a public job posting.
To tap into the hidden job market, job seekers need to employ strategies beyond submitting a resume and cover letter. Networking is crucial, integrating use of social media, conducting informational interviews, and attending professional events. Leveraging contacts such as friends, family, faculty, and former employers, collectively known as the Four F's, can be particularly effective.
Which of the following is a disadvantage of franchising for a franchisee? The Dunning-Kruger effect The endowment effect The false-consensus effect The negative halo effect
Option D
The negative halo effect is a disadvantage of franchising for a franchisee
Explanation:
The halo effect is a kind of cognitive racism in which our overall hypothesis of a person impacts how we think and speculate about his or her personality. Thoughts of a particular characteristic can transfer over to how personas look at other features of that personality.
If a franchisee does not exist up to the excellence criteria of the franchisor this can have a contrary reputational impact not simply on the franchisee, but the wider credit of the franchisor as well. Thus, there is a peril in empowering others not undeviatingly related to the business to practice the business name and logo.
A disadvantage of franchising for a franchisee is D. The negative halo effect.
What is the negative halo effect?In franchising, a franchisee may be negatively impacted if global customers start to dislike the franchisor's products and services.
While the halo effect can also be positive, benefiting the franchisee, the halo effect hurts the franchisee when customers turn against the franchisor, in any way.
Thus, one disadvantage of franchising for a franchisee is D. The negative halo effect.
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A fixed-income security pays Group of answer choices a variable level of income for owners on a fixed income. a fixed level of income for the life of the owner. a fixed or variable income stream at the option of the owner. a fixed stream of income or a stream of income that is determined according to a specified formula for the life of the security.
Answer:
C. A fixed stream of income or a stream of income that is determined according to a specified formula for the life of the security
Explanation:
A fixed income security is a type of investment that provides returns in form of regular, or fixed, interest payments and repayments of the principals when the security reaches maturity.
From the explanation above, the best possible answer is C. A fixed stream of income or a stream of income that is determined according to a specified formula for the life of the security
Fixed-income security is an investment providing fixed periodic payments and is widely used in retirement planning. However, due to the effects of inflation, having a diversified portfolio, including pensions, stocks, bonds, annuities, and properties, is recommended.
Explanation:A fixed-income security refers to an investment that provides a return in the form of fixed periodic payments and the eventual return of principal at maturity. Examples include bonds and preference shares, which typically pay a fixed stream of income or a stream of income determined according to a specified formula for the life of the security.
Fixed-income securities are commonly used by retirees as they provide a steady income stream. However, it's worth noting that living on a fixed income can be challenging due to inflation which can erode purchasing power over time. Therefore, it's crucial for individuals to plan strategically for their retirement and consider different private market options, assessing their risk and return potential.
Among the options are pensions which are traditionally set as a fixed nominal dollar amount per year at retirement. While they provide security, they do not adjust for inflation and could result in loss of buying power over time. Other options include savings accounts, stocks, bonds, annuities and property investments, where each carries its unique risk and return characteristics.
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Building Big Box is a home improvement store based in Kansas and has been responsible for introducing some of the most innovative new products for the home improvement marketing in the Mid-West region.
The Johnson family founded the company fifty years ago, but they now realize they needed to convert the business into a corporation and establish functional areas within the company to handle various aspects of operations.
The company is now considering expanding operations by building another facility in Canada.
The Board of Directors has approved this move.
Which functional area will be responsible for securing the necessary funding for the expansion?
a. Marketing
b. Accounting
c. Finance
Answer:
The correct answer is letter "C": Finance.
Explanation:
A company's Financial Department is in charge of controlling the inflows and outflows of cash within an association. Finance is responsible for approving budgets based on the information provided by the accounting department. Those two divisions are in charge of reporting the financial statements of the firm.
_____ is a company's social responsibility to not violate accepted principles of right and wrong when conducting its business.
Answer:
The correct word for the blank space is: Ethical Responsibility.
Explanation:
Corporate Ethical Responsibility involves the set of good practices a firm establishes in part of its organizational culture and draws a clear separating line between what is right and wrong. This commitment is to be provided to the environment where the company operates and with the employees working in the firm.
Waterway Corporation purchased a new machine for its assembly process on August 1, 2020. The cost of this machine was $162,900. The company estimated that the machine would have a salvage value of $18,900 at the end of its service life. Its life is estimated at 5 years, and its working hours are estimated at 20,000 hours. Year-end is December 31.
Compute the depreciation expense under the following methods. Each of the following should be considered unrelated. (Round depreciation rate per hour to 2 decimal places, e.g. 5.35 for computational purposes. Round your answers to O decimal places, e.g. 45,892.)
(a) Straight-line depreciation for 2020
(b) Activity method for 2020, assuming that machine usage was 780 hours
(c) Sum-of-the-years'-digits for 2021
(d) Double-declining-balance for 2021
Answer:
(a) Straight Line Depreciation for 2020 $ 28,800
(b) Activity Method of Depreciation for 2020 $ 5,616
(c) Sum of the years Depreciation for 2021 $ 38,400
(d) Double declining balance depreciation for 2021 $ 39,096
Explanation:
Computation for requirement (a) - Straight Line Depreciation for 2020
Straight line method considers depreciation on adepreciable base after considering a salvage value and spreads it evenly over the life of the asset.
Cost of machine $ 162,900
Estimated Salvage Value $ 18.900
Depreciable Basis $ 144,000
Estimated Life 5 years
Straight Line Depreciation for 2020 = $ 144,000/5 = $ 28,800
Computation for requirement (b) - Activity Method Depreciation for 2020
Activity method depreciation considers depreciation over the estimated usage of the asset and multiplies by the usage in a given period. The depreciable basis is after considering the salvage value.
Depreciable basis - same as SL depreciation $ 144,000
Usage Life of the machine 20,000 hours
Machine usage for 2020 780 hours
Depreciation on a per hour basis $ 144,000/ 20,000 = $ 7.2 per hour
Depreciation for 2020 on a usage of 780 hours = 780 * $7.20 = $ 5,616
Computation for requirement (c) - Sum of the years digits for 2021
In a sum of the years depreciation method, the sum of the life of the assets are added and considered as a depreciable life. The salvage value is considered in determining the depreciable basis.
Depreciable basis - same as SL depreciation $ 144,000
Estimated life of the asset 5 years
Sum of the years, (5+4+3+2+1) 15
so the first year depreciation shall be 5/15, the next year 4/15 and so on,
We need to compute the depreciation for 2021 which is the second year, so the formula shall be:
4/15 (remaining useful life) * $ 144,000(depreciable basis) = $ 38,400
Computation for requirement (d) - Double declining balance for 2021
In a double declining balance method the depreciation rate (%) is double that of a straight line method. The subsequent years depreciation is on a reduced balance. No salvage value is considered
The first year's depreciation is calculated
Cost of Machine* (2 * Straight Line depreciation %)
$ 162,900* (2 * 20 %) so the depreciation for 2020 would be
$ 162,900 * 40 % = $ 65,160.
For 2021, which is the requirement in our question, the cost would be the reduced value.
Original Cost of the machine $ 162,900
Double Declining balance Depreciation 2020 $ 65,160
Declining Cost basis for 2021 depreciation $ 97,740
Depreciation @ 40 % $ 39,096
Final answer:
The depreciation expense for Waterway Corporation's new machine is calculated differently according to each method: straight-line gives $12,000 for 2020, activity method gives $5,616 for 2020, sum-of-the-years'-digits gives $38,400 for 2021, and double-declining-balance gives $60,360 for 2021.
Explanation:
The calculation of depreciation expense for Waterway Corporation's new machine involves different methodologies. For straight-line depreciation for 2020, we subtract the salvage value from the cost of the machine and divide by the useful life. As the machine was purchased on August 1, 2020, and the year-end is December 31, we calculate depreciation for five months of use. The activity method is based on actual machine usage, here it is calculated by dividing the total depreciable cost by estimated working hours and multiplying by actual hours used. For the sum-of-the-years'-digits method for 2021, we use the useful life of the machine and its respective year as fractions of the sum of the years' digits and apply this to the depreciable cost. The double-declining-balance method for 2021 involves doubling the straight-line depreciation rate and applying it to the book value at the beginning of the year.
Straight-line depreciation for 2020Some time ago, the nation of Republica opened up its paper market to international trade. Which of the following results of this policy change is consistent with the notion that Republica has a comparative advantage over other countries in producing paper?A. The domestic demand curve for paper shifted to the right as a result of the policy change.B. The price of paper in Republica decreased as a result of the policy change.C. Republica began exporting paper as a result of the policy change.
Answer:
C. Republica began exporting paper as a result of the policy change.
Explanation:
The policy change would results in the exportation of paper and this is because the opportunity cost is much lower in production of paper in comparison to other countries, stating that supply > demand in domestic market.
3. Working with Numbers and Graphs Q3 Suppose that a small business sells 975 units of goods per month at $30 per unit. The unit cost of producing 975 units of goods is $15. The business has implicit costs of $3,400. The economic profit of this business equals $_________.
Answer:
economic profit = $11225
Explanation:
given data
sells = 975 units
cost = $30 per unit
cost of producing goods = $15
implicit costs = $3,400
solution
total revenue = 975 × 30 = $29250
and total cost = 975 × 15 = $14625
so here Total profit will be as
Total profit = $29250 - $14625 = $14625
so here economic profit will be
economic profit = Total profit - implicit costs
economic profit = $14625 - $3,400
economic profit = $11225
Final answer:
The economic profit of the business is calculated by subtracting both explicit and implicit costs from total revenues, which in this case, equals $11,225.
Explanation:
The economic profit for a business is calculated by subtracting both the explicit and implicit costs from the total revenues. To find the economic profit of the business, first, calculate the total revenues by multiplying the number of units sold by the selling price per unit. Then, subtract the explicit costs (the unit cost of producing the goods multiplied by the number of units) and the implicit costs from the total revenue.
Using the supplied information, here's the breakdown:
Total Revenues = 975 units × $30/unit = $29,250Explicit Costs = 975 units × $15/unit = $14,625Implicit Costs = $3,400Economic Profit = Total Revenues - Explicit Costs - Implicit CostsEconomic Profit = $29,250 - $14,625 - $3,400 = $11,225The economic profit of this business equals $11,225.
On June 30, 2015, Adilide Inc. discarded equipment costing $40,000. Accumulated Depreciation as of December 31, 2014, was $25,000. Assume annual depreciation on the equipment is $2,500.
Journalize the partial year depreciation expense and disposal of the equipment.
Answer:
1. Journalize the partial year depreciation expense:
Debit Depreciation expense $1,250
Credit Accumulated depreciation account $1,250
2. The entry recording disposal of the equipment:
Debit Accumulated depreciation account $26,250
Debit Loss on asset disposal $13,750
Credit Equipment asset $40,000
Explanation:
Annual depreciation on the equipment is $2,500
Depreciation expense for 2015 = $2,500/2 = $1,250
The entry:
Debit Depreciation expense $1,250
Credit Accumulated depreciation account $1,250
On June 30, 2015, Accumulated Depreciation = $25,000 + $1,250 = $26,250
The Book value of the asset = $40,000 - $26,250 = $13,750
The entry recording disposal of the equipment:
Debit Accumulated depreciation account $26,250
Debit Loss on asset disposal $13,750
Credit Equipment asset $40,000
The Nobel Prize-winning economist Paul Samuelson argued that contrary to the standard interpretation, in certain circumstances the theory of comparative advantage predicts that a rich country might actually be worse off by switching to a free trade regime with a poor nation.
a. True.
b. False.
Answer:
True
Explanation:
Paul Samuelson was an economist and he was the first American to win the Nobel Prize in Economic science. The journey into coming up with comparative advantage started when Stanislaw Ulam challenged him to name a proposition of social science is true and at the same time non-trivial and this led to the Paul's developing comparative advantage years later.
Paul Samuelson however, also argued that while the standard interpretation says a country is better off when it is rich in trading with a poor nation, it is also true that there are circumstances that might leave a rich country worse off when it switches to a free trade rich with a poor nation.
Repurchasing shares near year-end will increase a firm's return on equity (ROE). Select one: True False . g
Answer:
True
Explanation:
Return on equity calculated by dividing net income with total outstanding shares. When you repurchase shares total outstanding shares are reduced by the quantity purchased. Assuming the net income is constant the Return on equity will be higher as now net income is being divided by the lesser number of shares. So this is a true statement.
Must such discrimination have been committed by the employer or can the discrimination have been committed by society in general?
Answer: add me on brainly @itsamulaa
Explanation:
When a job order costing system is used, actual manufacturing overhead costs are debited to ________. A. the Manufacturing Overhead account B. the Cost of Goods Sold account C. the WorkminusInminusProcess Inventory account D. expense accounts
Answer:
A. The manufacturing Overhead Account
Explanation:
Job order costing is a part of cost accounting system which is used when specific job is being performed. In Job order costing first an estimate for overheads is taken. Then it is compared with actual overheads. Under applied or over applied overheads are then debited or credited to Cost of goods sold account.
Answer:
The correct answer is letter "A": the Manufacturing Overhead account.
Explanation:
The Manufacturing Overhead account is a temporary account where the overhead costs currently being incurred are debited. Those costs proceed from the Work-In-Progress (WIP) account. As soon as there is a final good, the costs are credited to the WIP account and debited to the Finished Goods of Inventory and when those units are sold, the costs are debited to the Cost of Goods Sold account.
On July 1, 2016, Sheffield Corp. issued 9% bonds in the face amount of $11100000, which mature on July 1, 2022, The bonds were issued for $9720000 to yield 10%, resulting in a bond discount of $1380000. Sheffield uses the effective-interest method of amortizing bond discount. Interest is payable annually on June 30. At June 30 2018, Sheffleld's unamortized bond dlscount should be a. $1436700 b. $1466300 c. $1454300 d. $1424300
Answer:
Explanation:
Discount bonds are issued on discounted price of their face value
Here discount = 11100000-9720000
= 1380000
on 1/07/2016
cash outflow or book value of bond
= 9720000
on 30/06/2017
interest paid = 999000
yield expected = 972000 ( 10% of issue price )
interest amortized
= 999000-972000 = 27000
book value = 9720000 + 27000
= 9747000
on 30/06/2018
interest paid = 999000
yield expected = 974700 ( 10% of book value )
interest amortized
= 999000-974700 = 24300
value amortized = 24300 + 27000 = 51300
book value = 9747000 + 24300
= 9771300
Amount unamortized
1380000 - ( 51300 )
= 1328700
According to the law of demandLOADING..., there is an inverse relationship between price and quantity demanded. That is, the demand curve for goods and services slopes downward. Why? A. When price increases, demand decreases. B. When the price of a good increases, consumers' purchasing power decreases, and they cannot buy as much of the good as they did prior to the price change. C. When the price of a good increases, consumers purchase complementary goods that are now relatively less expensive. D. When the price of a good increases, consumers' purchasing power increases, and they can buy more of the good than they did prior to the price change.
Answer:
Option (B) is correct.
Explanation:
We know that there is an inverse relationship between the price of the good and the quantity demanded. If there is any change in the price of the good then as a result this will also change the purchasing power of the consumer and then the consumers reallocate their income.
If there is an increase in the price of the product then as a result this will reduce the purchasing power of the consumer.
For example;
Consumer income = $1,000
Purchases 20 units of good X and 30 units of good Y with his given money income.
Now, if there is an increase in the price of good X, then
Consumer purchases 15 units of good X and 30 units of good Y with the same level of money income.
This indicates that amount of goods purchased is reduced because of the increase in the price of one of the good.
The use of a differentiation strategy would be expected to be LEAST effective in which of the following markets? a. Commodity goods b. Sporting goods c. Popular music d. Restaurants
Answer:
The correct answer is letter "A": Commodity goods.
Explanation:
A differentiation strategy is an approach adopted by companies to make the goods or services they offered unique compared to their competitors. Most firms tend to use price as the main key to the difference between their products and the competitors'.
Thus, the differentiation strategy is less likely to be applied in commodity goods because they are inherently unique such as oil, natural gas, precious metals or foreign currencies.
The use of a differentiation strategy would be expected to be least effective in commodity goods.
Differentiation strategy means an adopted approach which make offered goods or services more unique compared to their competitors.
Most firms use the Differentiation strategy to the differentiate between their products and the competitors.Differentiation strategy are less likely to be applied in commodity goods because they are inherently unique such as oil, natural gas, precious metals or foreign currencies.Hence, the Option A is correct since the use of a differentiation strategy would be expected to be least effective in commodity goods.
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Cool Sky reports the following costing data on its product for its first year of operations. During this first year, the company produced 44,000 units and sold 36,000 units at a price of $140 per unit. Manufacturing costs Direct materials per unit $ 60 Direct labor per unit $ 22 Variable overhead per unit $ 8 Fixed overhead for the year $ 528,000 Selling and administrative costs Variable selling and administrative cost per unit $ 11 Fixed selling and administrative cost per year $ 105,000
Answer:
Instructions are listed below.
Explanation:
Giving the following information:
The company produced 44,000 units
Sold 36,000 units for $140 per unit.
Manufacturing costs:
Direct materials per unit $ 60
Direct labor per unit $ 22
Variable overhead per unit $ 8
The fixed overhead for the year $ 528,000
Selling and administrative costs:
Variable selling and administrative cost per unit $ 11
Fixed selling and administrative cost per year $ 105,000
I will assume that the required answer is an income statement using absorption and variable costing:
Absorption costing:
It includes the fixed overhead in the manufactured costs:
Unitary cost= direct material + direct labor + unitary variable overhead + unitary fixed overhead
Unitary cost= 60 + 22 + 8 + (528,000/44,000)= $102
Income statement:
Sales= 36,000*140= 5,040,000
COGS= (36,000*102)= (3,672,000)
Gross profit= 1,368,000
Variable selling and administrative= (11*36,000)= (396,000)
Fixed selling and administrative= (105,000)
Net operating income= 867,000
Variable costing:
Under variable cost, fixed overhead is not included in manufacturing costs.
Unitary cost= direct material + direct labor + variable overhead
Unitay cost= 90
Income statement:
Sales= 5,040,000
Variable cost= (90*36,000)= (3,240,000)
Contribution margin= 1,800,000
Fixed overhead= (528,000)
Variable selling and administrative= (11*36,000)= (396,000)
Fixed selling and administrative= (105,000)
Net operating income= $771,000
The seller of a dry cleaning business has agreed not to open another dry cleaning business for two years within a one-mile radius of the sold business. Such an agreement: A. is void as against public policy. B. is void as usurious. C. is void as unconscionable. D. is valid and enforceable.
Answer:
Option "D" is the correct answer to the following statement.
is valid and enforceable
Explanation:
A valid contract is a formal or oral relation for the supply of goods or services among two parties.
An enforceable contract would be any civil contract that bears legal support behind it. It is a binding agreement that will enforce among two parties.
In the following situation, such an agreement is valid with time and geographical information.
The demand for milk will lower because the cookies price increased. Because cookies are a complement to the milk their sales are dependent on each other. As price of cookies increases the lees cookies are:________.
Answer:
The answer is less cookies are demand.
Explanation:
The law of demand states that the higher the price of a good and service, the lower the quantity demanded for that goods or services.
The law above applies to normal goods, the goods that their own price elasticity of demand are elastic(greater than 1.0), also substitution effect.
Cookies is a normal good and that was why less of it were demanded and less of milk too will be demanded because they are complementary goods. Complementary goods are consumed together as a pair.
What is the present value of a $360 payment in one year when the discount rate is 6 percent? (Round your answer to 2 decimal places.)
Answer:
$339.62
Explanation:
Find the attached for the explanation
Which of the following is a disadvantage of a mandatory arbitration clause in an employment contract? Multiple Choice The Equal Employment Opportunity Commission is prohibited from bringing its own enforcement action against an employer. The Equal Employment Opportunity Commission is prevented from pursuing victim-specific relief for an employee. Employers suffer from having more number of discrimination cases in court. The employees have the disadvantage of essentially having the courts closed to them for cases under Title VII of the Civil Rights Act of 1964.
Final answer:
The disadvantage of a mandatory arbitration clause in an employment contract is that it can limit employees' access to the courts for discrimination cases, potentially resulting in unfair outcomes and limited legal precedent in equal employment matters.
Explanation:
The primary disadvantage of a mandatory arbitration clause in an employment contract, particularly concerning Title VII of the Civil Rights Act of 1964, is that it can prevent employees from having access to the courts for discrimination cases. Mandatory arbitration requires that disputes be resolved outside the judicial court system, which often means that an unbiased jury will not hear the case, and limits the possibility for broader legal precedents to be set in the pursuit of equal employment opportunities. Moreover, mandatory arbitration may impose limitations on the collection of evidence and may involve arbitrators who are less familiar with employment law than judges, resulting in potential disadvantages for employees seeking to assert their Title VII rights.
Final answer:
A mandatory arbitration clause can prevent employees from using the court system for cases under Title VII, potentially limiting their ability to seek specific legal remedies.
Explanation:
One disadvantage of a mandatory arbitration clause in an employment contract is that the employees may find the courts are essentially closed to them for cases under Title VII of the Civil Rights Act of 1964. Mandatory arbitration can prevent employees from pursuing litigation in the traditional court system, which may otherwise lead to broader legal remedies and possible jury trials. While employers tend to prefer arbitration to avoid costly and public court cases, employees may be at a disadvantage since arbitration can limit their ability to obtain victim-specific relief, which the Equal Employment Opportunity Commission (EEOC) may otherwise pursue on their behalf in court.
Alex Meir recently won a lottery and has the option of receiving one of the following three prizes: (1) $64,000 cash immediately, (2) $20,000 cash immediately and a six-period annuity of $8,000 beginning one year from today, or (3) a six-period annuity of $13,000 beginning one year from today. (FV of $1, PV of $1, FVA of $1, PVA of $1, FVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided.) 1. Assuming an interest rate of 6%, determine the present value for the above options. Which option should Alex choose? 2. The Weimer Corporation wants to accumulate a sum of money to repay certain debts due on December 31, 2030. Weimer will make annual deposits of $100,000 into a special bank account at the end of each of 10 years beginning December 31, 2021. Assuming that the bank account pays 7% interest compounded annually, what will be the fund balance after the last payment is made on December 31, 2030?
Answer:
The best would be the first option of a single payment of 64,000
As the discounted value of the other option is lower
FV of the apayment $1,318,079.4942
Explanation:
(1) PV 64,000
(2) 20,000 + PV of the annuity:
[tex]C \times \frac{1-(1+r)^{-time} }{rate} = PV\\[/tex]
C 8,000.00
time 6
rate 0.06
[tex]8000 \times \frac{1-(1+0.06)^{-6} }{0.06} = PV\\[/tex]
PV $39,338.59
39,338.59 + 20,000 = 59,338.59
(3) PV of the annuity
[tex]C \times \frac{1-(1+r)^{-time} }{rate} = PV\\[/tex]
C 13,000.00
time 6
rate 0.06
[tex]13000 \times \frac{1-(1+0.06)^{-6} }{0.06} = PV\\[/tex]
PV $63,925.2162
second question:
future value of annuity
[tex]C \times \frac{(1+r)^{time} -1}{rate} = FV\\[/tex]
C 100,000.00
time 10
rate 0.06
[tex]100000 \times \frac{(1+0.06)^{10} -1}{0.06} = FV\\[/tex]
PV $1,318,079.4942
Alex should choose the lottery prize option that has the highest present value using the PVA formula. For Weimer Corporation, the total fund balance on the end date can be calculated with the FVA formula.
Explanation:Given the interest rate of 6%, we first need to calculate the present values of the three options provided to Alex. The first option's present value is simply $64,000 as it's an immediate payment. Whereas for other options, we use the present value annuity formula, for the second option it will be $20,000 + $8000*PVA(6%, 6 years) and for the third option it is just $13000*PVA(6%, 6 years). Alex should chose the option that provides him the maximum present value.
Now for the Weimer Corporation's situation, we have an annuity where funds are being deposited at the end of each year and is earning an interest rate of 7%. So to calculate the total on the balance on last payment, we use the Future Value Annuity formula which is $100,000*FVA(7%,10). This gives us the total amount available on December 31, 2030.
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Mississippi Mud Pies Inc., needs to buy 1,000,000 Swiss francs (CHF) to pay its Swiss chocolate supplier. Its banker quotes bid-ask rates of CHF1.3980-1.3995/USD. What will be the dollar cost of the CHF 1,000,000?
Answer:
The dollar cost of the CHF 1,000,000 is 715,307.58 USD
Explanation:
Bid-ask is quoted with USD in the denominator, which means we can buy USD at ask price or sell USD at bid price.
We need to buy CHF (i.e., sell USD). Let's sell USD to get 1,000,000 CHF at the bid price.
CHF 1.3980 /USD
1,000,000 CHF/ 1.3980 (CHF/USD) = 715,307.582260372 USD
to buy 1,000,000 CHF we need to pay 715,307.582260372 USD.
Therefore, The dollar cost of the CHF 1,000,000 is 715,307.58 USD
Consider two neighboring island countries called Felicidad and Arcadia. They each have 4 million labor hours available per week that they can use to produce jeans, rye, or a combination of both. The following table shows the amount of jeans or rye that can be produced using 1 hour of labor.
Jeans Rye
Country (Pairs per hour of labor) (Bushels per hour of labor)
Felicidad 5 20
Arcadia 8 16
Initially, suppose Arcadia uses 1 million hours of labor per week to produce jeans and 3 million hours per week to produce rye while Felicidad uses 3 million hours of labor per week to produce jeans and 1 million hours per week to produce rye. Consequently, Felicidad produces 15 million pairs of jeans and 20 million bushels of rye, and Arcadia produces 8 million pairs of jeans and 48 million bushels of rye. Assume there are no other countries willing to trade goods, so, in the absence of trade between these two countries, each country consumes the amount of jeans and rye it produces.
1. Suppose that each country completely specializes in the production of the good in which it has a comparative advantage, producing only that good. In this case, the country that produces jeans will produce _____ million pairs per week, and the country that produces rye will produce ____ million bushels per week.
Answer:
Felicidad 80 million Jean
Arcadie 32 million Rye
Explanation:
To know which is the best in Rye production we haveto pick the one with the least opportunity cost (the country which producing Rye decreases less the production of Jeans)
Felicidad Rye opportunity cost 20/5 = 4 Jeans
Arcadia Rye opportunity cost 16/8 = 2 jeas
Arcadie will be the country with comparative advantage for Rye as it renounce to less units of Jeans than Felicidad
The best country for jean production will be Felicidad
4m x 20 = 80m jean
The best country for Rye will be Arcadia
4m x 8 = 32m Rye
If Felicidad and Arcadia specialize in goods where they have a comparative advantage, Felicidad would produce 80 million bushels of rye and Arcadia would produce 32 million pairs of jeans per week.
Explanation:When each country specializes in the production of the good in which it has a comparative advantage, they maximize their efficiency and total output. Looking at the production rates of Felicidad and Arcadia, Felicidad has a comparative advantage in producing rye because they can produce more bushels of rye per hour of labor (20 bushels) compared to jeans (5 pairs). On the other hand, Arcadia has a comparative advantage in producing jeans with 8 pairs per hour compared to rye (16 bushels).
If Felicidad specializes in rye using all 4 million labor hours, they would produce 80 million bushels of rye per week (4 million hours × 20 bushels/hour). If Arcadia specializes in jeans with its 4 million labor hours, they would produce 32 million pairs of jeans per week (4 million hours × 8 pairs/hour). So, the country that produces jeans will produce 32 million pairs per week and the country that produces rye will produce 80 million bushels per week.
John and Sally Claussen are considering the purchase of a hardware store from John Duggan. The Claussens anticipate that the store will generate cash flows of $70,000 per year for 20 years. At the end of 20 years, they intend to sell the store for an estimated $400,000. The Claussens will finance the investment with a variable rate mortgage. Interest rates will increase twice during the 20-year life of the mortgage. Accordingly, the Claussens’ desired rate of return on this investment varies as follows: (FV of $1, PV of $1, FVA of $1, PVA of $1, FVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided.)Years 1-5: 7%
Years 6-10: 10%
Years 11-20: 12%
Required: What is the maximum amount the Claussens should pay John Duggan for the hardware store?
Answer:
Explanation:
Calculate maximum that should pay:
Compute present value of cash flows from the store, year 1 to 5 :
Annual cash flows are $70,000
Desired rate of return on investment for 1 to 5 years is 7%
Number of years is 5
Present value of cash flows generated during 1 to 5 years =
= $287,013.82
Compute present value of cash flows from the store for years 6 to 10
Annual cash flows are $70,000
Desired rate of return on investment for 6 to 10 years is 10%
Desired rate of return on investment for 1 to 5 years is 7%
Number of years is 5
Present value of cash flows generated during 6 to 10 years = annual cash flows x PVIFA (10%,5) x PVIF (7%,5)
= $70,000 x 3.79079 x 0.7130 = $189,198.33
Compute present value of cash flows from the store for years 11 o 20
Annual cash flows are $70,000
Desired rate of return on investment for 11 to 20 years is 12%
Desired rate of return on investment for 6 to 10 years is 10%
Desired rate of return on investment for 1 to 5 years is 7%
Number of years is 10
Present value of cash flows generated during 11 to 20 years = [annual cash flows x PVIFA (12%,10)] x PVIF (10%,5) x PVIF (7%,5)
= $70,000 x 5.65022 x 0.62092 x 0.7130 = $175,100.98
Calculate present value of estimated sale amount to be received for sale of store
Present value of estimted sale amount to be received = [Estimated sale amount x PVIF (12%,10)] x PVIF (10%,5) x PVIF (7%,5)
=$400,000 x 0.32197 x 0.62092 x 0.7130=
=$57,016.50
Calculate total maximum amount that should be paid
Particulars Amount ($)
Present value of cash flows during 1 to 5 years $287,013.82
Present value of cash flows during 6 to 10 years $189,198.33
Present value of cash flows during 11 to 20 years $175,100.98
Present value of estimated sale value $57,016.50
Maximum amount that C should pay to JD for store $708,329.63
Therefore, Maximum amount that should be paid $708,329.63
Compute the Cost of Goods Manufactured and Cost of Goods Sold for South Marine Company for the most recent year using the amounts described next. Assume that Raw Materials Inventory contains only direct materials.
Answer:
The question is missing the figures required to compute of goods manufactured and costs of goods sold
I have the details missing in the excel file attached.
Costs of goods manufactured=$232000
Costs of goods sold=$224,000
Explanation:
Find the detailed calculations in the attached.
For the current year, Bubbles Office Supply had earned $600 of interest on investments. As of December 31, none of this interest had been received or recorded. Demonstrate the required half of the adjusting entry by choosing the correct statement below.
Answer:
Debit interest receivable account by $600.
Explanation:
According to accrual method of accounting, the interest of $600 as at December 31 has already been earned even if it had not been received. We must record it for the period it was earned.
The entry is passed into Interest Receivable account as a debit. Interest Receivable account is a current asset account. When asset accounts increase you debit, and when the reduce you credit.
So in this case the balance in Interest Receivable increases and we debit $600.
Bubbles Office Supply had earned a $600 interest on investments that is not yet received or recorded. The correct adjusting entry is to debit the Interest Receivable account (increase it) by $600 and credit the Interest Income account (increase it) by $600.
Explanation:Here, Bubbles Office Supply has earned $600 of interest that has not yet been received or recorded. This indicates that the company earned this amount in the current year itself, but it is actually going to receive it in the next year. To fix this in books of accounts, we need to create an adjusting entry. The required adjustment entry here would be to debit the Interest Receivable account and credit the Interest Income account. So, the journal entry will be as follows: Debit Interest Receivable $600 and Credit Interest Income $600.
Learn more about Adjusting Entries here:https://brainly.com/question/33175618
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Suppose market share for an industry is divided among eight companies in the following manner:
Firm Market Share (Percent)
A 26
B 20
C 15
D 11
E 9
F 8
G 6
H 5
a. The Herfindahl index for this industry is. __________
b. The four-firm concentration ratio for this industry is ________ (Note: Enter the ratio as a percentage.)
Answer:
16.28
72%
Explanation:
Herfindahl index = the Herfindahl index is found by squaring the each firms market share and adding them together.
= 676 + 400 +225 +121 +81 + 64 + 36 + 25 = 1628% = 16.28
The four firm concentration is found by adding the marker share of the top 4 firms in the industry = 26% + 20% + 15% + 11% = 72%
I hope my answer helps you
Final answer:
The Herfindahl-Hirschman Index (HHI) for the industry in question is 1628, and the four-firm concentration ratio is 72%.
Explanation:
The Herfindahl-Hirschman Index (HHI) for an industry is calculated by squaring the market share of each firm (as a whole number), then summing these squared numbers. The market shares of the firms are A: 26%, B: 20%, C: 15%, D: 11%, E: 9%, F: 8%, G: 6%, and H: 5%. The calculation is as follows:
(26)^2 + (20)^2 + (15)^2 + (11)^2 + (9)^2 + (8)^2 + (6)^2 + (5)^2
= 676 + 400 + 225 + 121 + 81 + 64 + 36 + 25
= 1628
Thus, the HHI for this industry is 1628.
As for the four-firm concentration ratio, it sums the market shares of the four largest firms. For firms A, B, C, and D, the calculation is:
26% + 20% + 15% + 11% = 72%
So, the four-firm concentration ratio for this industry is 72%.
A company that develops artificial flavorings for candy manufacturers uses research to refine its market offerings. Its studies require participants to make repeated comparisons between pairs of products; in each pair, the products differ on the key attributes of flavoring strength and price. The research approach of this firm is: a. Latent class analysis. b. Conjoint analysis. c. Cluster analysis. d. Regression analysis. e. Paired comparison analysis.
Answer:
The correct answer is letter "B": Conjoint analysis.
Explanation:
In Marketing, Conjoint analysis or Conjoint Value Analysis (CVA) is a research helpful in determining how individuals value different features of the same product. The analysis aims to measure the utility that consumers perceive from each feature at different levels of the product.
A firm that would like to develop a global supply chain would: Manufacture components or supplies in other countries. Sell raw materials, components or supplies produced at home abroad. Purchase raw materials, components, or supplies from sellers in other countries. Check products that were manufactured abroad for defects in their home country.
Answer:
The correct answer is letter "C": Purchase raw materials, components, or supplies from sellers in other countries.
Explanation:
The global economy has allowed companies to handle their operations with domestic and international resources. Most organizations purchase raw materials or the components necessary for their production process abroad to minimize costs and maximize profits. In some other cases, the manufacturing process is taken to other countries where the labor force is cheaper to reduce the company's expenditures even more.