Answer:
It will take 8 years and 281 days.
Explanation:
Giving the following information:
Jon is planning to invest $15,000 at a 6% interest rate. He needs $25,000 in total for a purchase he plans to make.
To calculate the time required to reach the goal, we need to isolate the number of years from the final value formula:
FV= PV*(1+i)^n
Isolating n:
n=[ln(FV/PV)]/ln(1+r)
n= [ln(25,000/15,000) / ln(1+0.06)
n= 8.77 years
To bo more accurate:
0.77*365= 281
It will take 8 years and 281 days.
Kyle works for National Sporting Goods, where he manages critical data elements, such as identifying and acquiring new data sources, creating consistent reference data, and analyzing data for quality. Kyle is a _______.a. data stewardb. database administratorc. data managerd. data administrator
Answer: data steward
Explanation: A data steward is a job role in an organization that is responsible for utilizing an organization's data governance processes to ensure fitness of data elements. Kyle is considered a data steward because Kyle works for National Sporting Goods, where he manages critical data elements, such as identifying and acquiring new data sources, creating consistent reference data, and analyzing data for quality.
You and spouse are filing a joint return. Your current deductions have reduced your taxable income to $88,990, bringing you into the 25 percent tax bracket. The first dollars you earned will be taxed at the ________ tax bracket.
Answer: Deductions
Explanation:
Answer:
10%
Explanation:
The current tax brackets (2019 taxes due April 2020) for married filing together are:
Tax rate Married filing jointly
10% $0 – $19,400
12% $19,401 – $78,950
22% $78,951 – $168,400
24% $168,401 – $321,450
It doesn't matter if your income is $500 million, $100,000 or $20,000, the first dollars that you earn always fall into the first bracket (10%). Tax brackets are progressive, this means that they increase as your income increases, but everyone starts in the first one.
Many large developing countries with large dollar-denominated external liabilities experienced large depreciations of their currencies between 1990 and 2003. What effects, if any, did these depreciations have on these countries' external wealth and their GDPs?
If the developing country's home currency would depreciate against dollar and if the developing country has large dollar-denominated external liabilities, then this would lead the developing county's decrease in external wealth. The developing country is poorer now as compared with the other countries. It owes more because its home currency depreciated. Its GDP would decrease, since now, the value of its imports would increase.
Which strategy is most likely to reduce and prevent violence in our society?
stop-and-frisk policing
three-strikes-and-you’re-out laws
school anti-bullying awareness efforts
reducing nighttime curfews
Answer:
stop and frisk policing
School anti-bullying awareness efforts are most likely to reduce and prevent violence in our society. The correct option is C.
Addressing interpersonal issues, encouraging empathy, and building a safer environment in schools are the main goals of school anti-bullying awareness campaigns.
These initiatives try to prevent violence at an early level by addressing underlying issues that can result in aggressive behaviors later in life by raising awareness about the harmful consequences of bullying and teaching conflict resolution techniques. This strategy puts an emphasis on treating the underlying causes of violence and encouraging constructive behavior change.
Thus, the ideal selection is option C.
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Cathy has created a website for her shop of homemade chocolates and scented candles. Apart from traditional retailing, she sends e-mails to the people in her neighborhood. She also informs customers about various promotional offers through pamphlets. Which of the following techniques best describes Cathy's overall marketing methodA. Word-of-mouth marketingB. Embedded marketingC. Multichannel marketingD. Digital marketing
Answer:
C) Multichannel marketing
Explanation:
When a company uses multichannel marketing it means that they are using more than one marketing channel to try to reach potential customers, either directly or indirectly.
In this case, Cathy is using a website, a brick and mortar retail store, emails, and pamphlets.
Cathy's overall marketing method is best described as multichannel marketing, which involves using multiple channels or platforms to reach and engage with customers.
Explanation:The best technique that describes Cathy's overall marketing method is multichannel marketing.
Multichannel marketing refers to the use of multiple channels or platforms to reach and engage with customers. In Cathy's case, she utilizes various marketing channels such as e-mails, pamphlets, and traditional retailing to promote her products.
This approach allows Cathy to reach a wider audience and increase the visibility of her business. By combining offline and online marketing methods, she can cater to different customer preferences and increase her chances of success.
Which of the following channels of communication is low in planning, is used for team meetings, and is a richer form of interacting than conference calls but typically requires more expensive equipment and careful scheduling?
a. videoconferences
b. texting
c. phone conversation
d. email
e. blogging
The correct option is - A ( Video conferences)
Explanation:
Through video conferencing, different participants from multifarious locations can easily interact with other. This method of communication is widely being used nowadays in business organizations. People who are in remote locations can easily be contacted through this method. Thus, this channel of communication is low in planning. And is mostly used for team meetings. But it requires certain equipment’s that are bit costly, making this channel more expensive than from other ones.
Thus, the correct answer is – Video conferencing
At the start of the month, Oak Inc. had 58,000 units of beginning work in process that were 65% complete. Over the course of the month, the firm completed and transferred out 208,900 units, and at the end of the month, it had 59,400 units in ending work in process that were 70% complete. In comparison, Maple Inc. began the month with 61,200 units of beginning work in process that were 60% complete. Over the course of the month, the firm completed and transferred out 210,500 units, and at the end of the month, it had 52,400 units in ending work in process that were 90% complete. Both firms add 40% of materials at the beginning of the process and the remaining 60% when the units are 70% complete. Both firms also add 25% of conversion costs at the beginning of the process and the remaining 75% when the units are 90% complete. According to these figures, Oak has ________ equivalent units of production for materials and ________ equivalent units of production for conversion costs than Maple.
a. more ; fewer
b. fewer; fewer
c. fewer; more
d. more; more
can someone explain this question for me?
According to these figures, Oak has more equivalent units of production for materials and fewer equivalent units of production for conversion costs than Maple.
Explanation:
The equivalent production unit is an indication of a manufacturer's work on the produced units, which are partially finished at the close of the accounting period. In addition the completely loaded units and the partially filled units are entirely fitted out.
The number of partially completed units x percentage of completion = equivalent units of production.
Oak : 58,000 x 65% = 37,700
Oak Equivalent units of production = 37,700
Maple: 61,200 x 60% = 36,600
Maple Equivalent units of production = 36,600
So, Oak has more equivalent units of production for materials and fewer equivalent units of production for conversion costs than Maple.
At the beginning of the year, Victoria's "tax basis" capital account balance in the VIP Partnership was $90,000. During the tax year, Victoria contributed property with a basis of $30,000 and a fair market value of $70,000. Her share of the partnership's loss was $12,000. At the end of the year, the partnership distributed $15,000 of cash to Victoria. Also, the partnership allocated $20,000 of recourse debt and $35,000 of nonrecourse debt to Victoria. What is Victoria's ending capital account balance determined using the "tax basis" method?
Answer:
Victoria's ending capital a/c = $93,000
Explanation:
Given:
Opening account balance = $90,000
Victoria contribution = $30,000
Share in loss = $12,000
Distribution at end = $15,000
Computation of Victoria's ending capital a/c .
Victoria's ending capital a/c = Opening account balance + Victoria contribution - Share in loss - Distribution at end
= $90,000 + $30,000 - $12,000 - $15,000
= $93000
NOTE : Liabilities does not added in the Victoria's capital account.
Sea & Surf Corporation makes sailboards, which are bought and distributed by Tropical Marketing Company to UV Sports Stores, Inc., which sells them to consumers. Wen is injured while using a Sea & Surf board that he bought from UV Sports. In a product liability suit based on strict liability, Wen may recover from:_______.1. Sea & Surf only2. Sea & Surf tropical Maketing or UV sports3. UV Sports only4. None of the above
Answer: (2). Sea and Surf, Tropical Marketing, or UV Sports
Explanation: Sea & Surf Corporation makes sailboards, which are bought and distributed by Tropical Marketing Company to UV Sports Stores, Inc., which sells them to consumers. Wen is injured while using a Sea & Surf board that he bought from UV Sports. In a product liability suit based on strict liability, Wen may recover from Sea and Surf, Tropical Marketing, or UV Sports.
A corporation has issued 10% convertible debentures, convertible into 40 shares of common stock. The current market price of the common stock is $25.25. If the bonds are trading at 5 points above parity, they are priced at:
Answer:
$1,060.5
Explanation:
A corporation has issued 10% convertible debentures, convertible into 40 shares of common stock. The current market price of the common stock is $25.25. If the bonds are trading at 5 points above parity, they are priced at:
Parity price refers to the concept of comparing two assets equal in value
The bond is convertible into 40 shares of common stock. The parity price is bond market value / 40 shares.
Parity = Equal value, hence one bond value = one share value x 40 shares
Bond value 25.25 x 40 = $1,010
Therefore 5 points above parity = 1.05 x 1,010 = $1,060.5
Answer: 106
Explanation:
Here, we are looking at the price it becomes profitable for investors to convert their bonds into common stock.
Using Parity pricing, which allows us to make comparison between stock of equal value,
Current market price of common stock =$25. 25
Stock is convertible in 40 shares of stock, Therefore,
Parity price of bond = current price * number of shares
Parity price = 25.25 * 40 = $1010
Trading point = 5
1 point equivalent to $10
5 points = $50
This sums up to;
$1,010 + $50 = $1,060
Therefore, price per bond = 106
Suppose that a monopolist calculates that at present output and sales levels, marginal revenue is $1.00 and marginal cost is $2.00. He or she could maximize profits or minimize losses by:
Answer:
The firm must increase price and decreasing the output
Explanation:
The reason is that with increased level of activity (Production level) the marginal cost increases and if the firm is going to increase it product price then less people will buy its product. This means the company will have to produce less in quantity which means that the company will substantially reduce its marginal cost and increase its marginal revenue.
If the sum of the Ending Balance(s) in the revenue account(s) is greater than the sum of the Ending Balances in the expense accounts, then Retained Earnings will increase as a result of the closing entries.a) trueb) false
Answer:
The answer is true.
Explanation:
Retained Earnings are profit not distributed to shareholders inform of dividends. Retained earnings are adjusted a record or an entry impacts revenue or expense account.
If the sum of the Ending balance(s) in the revenue account(s) is greater than the sum of the ending balances in the expense accounts, then retained earnings, this means the net inflow is positive and this remaining sum goes into the retained earnings.
What does a company specifically exhibit when it relentlessly pursues an ambitious strategic objective, concentrating the full force of its resources and competitive actions on achieving that objective?
Answer:
strategic intent
Explanation:
In management, strategic intent refers to where the company wants to be and what strategic objectives it wants to accomplish. The strategic intent of a company basically shows the company's aspirations and desires for the future. E.g. the company's strategic intent is to become the largest supplier of stainless steel in the world.
If a company really tries to follow its strategic intent, it will focus all of its resources into achieving its strategic objectives.
Based on the following information, determine the amount of equipment on the balance sheet. Total liabilities and owner's equity equals $11.750; total current assets equals $19,800; land equals $15,000; and accumulated depreciation equipment equals $1,550. a. $11,500 b. $3,250 c. $3,400 d. None of these choices are correct
Answer:
a. $11,500
Explanation:
Since the total liabilities and owners equity is $44,750 instead of $11,750
And, we know that
Total assets = Total liabilities + owners equity
So, Total assets = $44,750
Now the equipment is
= Total assets - total current assets - land + accumulated depreciation of an equipment
= $44,750 - $19,800 - $15,000 + $1,550
= $11,500
Burberry makes fine raincoats, clothing, and other items, many featuring the company's distinctive plaids. Originally found only in Great Britain, Burberry has opened exclusive shops in leading cities around the world to reach customers who value its name and quality. Burberry is selling in which classification of consumer goods? a. convenience goodsb. shopping goodsc. specialty goodsd. unsought goodse. derived goods
Answer:
specialty product
Explanation:
Based on the information provided within the question it can be said that in this scenario Burberry seems to be selling a specialty product. This term refers to a product which consumers are constantly looking to purchase due to it's unique characteristics or the brand which it is associated with. Which Burberry's customer seem to value both the name (brand) and quality of their product.
Answer:
Specialty Goods
Explanation:
Specialty goods are consumer products and services with unique characteristics or brand identification for which a significant group of buyers is willing to make a special purchase effort.
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A customer bought a $1,000 par convertible subordinated debenture at par, convertible into common at $31.25 per share. If the bond's market price increases by 20%, the conversion ratio will be:
Answer:
1:32
Explanation:
The conversion ratio depends whether or not the common stock price is variable or not. In this case is fixed at $31.25 It do not vary based on the bond current arket price. Thus, this ratio is fixed and determinated at the issuance of the bonds:
1,000 par value / 31.25 share price = 32.00 shares
Each bonds is converted into 32 shares
thus the ratio is 1:32
Based on Esteban’s conduct, Floyd reasonably believes that Glynis has the authority to act on Esteban’s behalf even though Glynis does not have the actual authority to do so. Floyd makes a payment to Glynis for Esteban. Glynis keeps the money and disappears. Esteban
Answer:
may be estopped from denying that Glynis had authority.
Explanation:
In this case, Glynis apparently had the authority to collect Esteban's money, since his conduct made other people believe that.
Apparent authority is defined as a situation where a reasonable person (Floyd) will believe that the agent (Glynis) has authority to act on behalf of the principal (Esteban). If such a situation exists, then the principal is bound by the agent's actions.
New oak tables are normal goods. What would happen to the equilibrium price and quantity in the market for oak tables if the price of maple tables rises, the price of oak wood rises, more buyers enter the market for oak tables, and the price of the glue used in the production of the new oak tables increased?
Answer:
Price will RISE, and the effect on quantity is ambiguous.
Explanation:
Based on the scenario being described within the question it can be said that this would most likely cause prices to rise, while the effect on quantity is ambigious, meaning that it depends on many different factors and point of views. Mainly prices will rise due to all the material costs needed in the production of oak tables rising.
Factors such as a rise in maple table prices, more buyers, increased costs of oak wood, and glue can affect the equilibrium price and quantity of oak tables, with the market eventually reaching a new equilibrium based on supply and demand dynamics.
When analyzing the impact of various factors on the equilibrium price and quantity in the market for oak tables, we consider both demand and supply side changes. The price of maple tables rising can increase the demand for oak tables since they are substitutes, leading to a rise in the equilibrium price and quantity of oak tables.
However, the increase in the price of oak wood and the glue used in production are supply side issues, and they would decrease supply, pushing the equilibrium price up and quantity down. The entrance of more buyers into the market for oak tables signifies an increase in demand, which again would push the equilibrium price and quantity up. Ultimately, the market will achieve a new equilibrium where the quantity demanded and quantity supplied are equal, but the exact effect on equilibrium price and quantity will depend on the relative magnitudes of these changes.
The accountant of Reliable Consulting Company failed to make an adjusting entry to record $6,000 for unearned service revenues that were earned before the end of the fiscal year. Assume the company initially recorded a liability. Which of the following statements is true?A. The total assets will be overstated.
B. The total liabilities will be understated.
C. The total liabilities will be overstated.
D. The total assets will be understated.
Liabilities will be inflated as a whole. As a result, option (C) is the best one.
What are liabilities?A company's liabilities are the legitimate debts it owes to other creditors. They may consist of bank debt, notes payable, and accounts payable. In order to function and expand, all businesses must incur liabilities. A company can be built on a solid foundation with the right ratio of liabilities to equity.
The phrase "overstated" is used by accountants to denote two things: (1) an inaccurately reported amount, and (2) The reported quantity exceeds the actual or accurate amount.
Increased net income is shown on the income statement as a result of overstating assets and/or understating liabilities. Increasing net income fraudulently can provide the impression that management and the company are performing well.
Hence, option (C ) is the accurate one.
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A federal agency that engages primarily in commercial activities, produces revenues, and requires greater flexibility than most agencies is known as a(n) _____.
Answer:
government corporation
Explanation:
A government corporation is a government-owned firm that operates with the same integrity as a private company, except that the owner is government. Every government company is chartered by legislative act. Government corporations are typically created in markets where there is a natural monopoly, they are significant to the country's infrastructure, natural resources, and general public interest.
A construction firm needs to hire a construction superintendent, whose primary responsibilities involve organizing, supervising, and inspecting the work of several subcontractors. It administers a construction-error recognition test, where an applicant enters a room that has been specially constructed to have 10 common and expensive errors and where he/she is asked to record as many problems as he/she can detect. The firm is using a:______.a. concurrent validation.b. predictive validation.c. content validation.d. criterion-related validation.
Answer:
c. content validation
Explanation:
In this scenario it seems that the construction firm is using content validation by placing the applicant in the room and asking her to point out the 10 common and expensive errors. Content Validation is a method that is used in order to make sure that a test is correctly measuring the information for which it is intended.
Coronado Industries is planning to sell 750000 units for $1.50 per unit. The contribution margin ratio is 20%. If Coronado will break even at this level of sales, what are the fixed costs
Answer:
$225,000
Explanation:
the break even formula = total fixed costs / contribution margin
break even in units = 750,000 unitscontribution margin = 20% x $1.50 = $0.30750,000 units = total fixed costs / $0.30
750,000 units x $0.30 = total fixed costs
total fixed costs = $225,000
GDP is the: dollar amount of all sales made in the economy in one year. total market value of all final goods and services produced in an economy in one year. total accumulated wealth of an economy. volume of all dollar transactions made in an economy in one year.
Answer: total market value of all final goods and services produced in an economy in one year.
Explanation:
Gross Domestic Product (GDP) is simply the total market value of the FINAL goods and services produced in a country in a period, usually a year.
The term FINAL here is very important because if intermediate goods were counted then it would be OVERSTATED.
For example, if Toyota makes cars from the iron it buys from Parrain Mining, the figure that will be used to calculate GDP will be the Car itself and not the amount the Iron from Parrain cost.
Answer:
total market value of all final goods and services produced in an economy in one year.
Explanation:
The gross domestic product (GDP) is the market value of all the final and legal products and services produced during a year within a country.
The components of the GDP = private consumption + private investment + government spending + net exports (exports - imports)
Final products and services excludes intermediate goods and services, and goods and services produced and consumed by the same household, e.g. vegetables grown in the backyard, or if you paint your own house.
Legal refers to taxable products and services, e.g. illegal drugs are not included, black market goods and services aren't included.
When the carrying cost of inventory is expressed as a percentage: A. it is usually the same as the borrowing cost of the organization. B. it must exclude the insurance cost of inventory. C. it usually exceeds 57.5 percent per year. D. the lower it is, the lower the economic order quantity. E. it is multiplied by the material unit cost to calculate the per unit carrying cost.
Answer:
Option E It is multiplied by the material unit cost to calculate the per unit carrying cost.
Explanation:
The reason is that the carrying cost which is also known as holding cost is the cost of holding a unit material for a year and this can be calculated as:
Holding Cost is also given in percentage of material price and is calculate by multiplying it with the material unit cost to calculate the holding cost per unit per year.
So the option E is correct.
Jack is giving a speech about recycling. In his first main point, he plans to talk about how much garbage is produced in the United States each year and why we should be concerned about our overflowing landfills. In this second main point, he plans to talk about how we can increase recycling to reduce the amount of waste created. Which pattern of organization Jack is using?
Answer:
problem-solution pattern
Explanation:
Based on the scenario being described it can be said that the pattern of organization that Jack is using is known as problem-solution pattern. This pattern focuses on splitting the information into two sections, one of which focuses on the problem and the other on the solution. Which is exactly what Jack has done by dividing the speech into two points which talk about either the problem or the solution.
Maple Grove Legal Association performs legal services for Weymouth Construction for $5,000 on account with credit terms of 2/10, n/30. If Weymouth pays the invoice within the discount period, Maple Grove will record a debit to Cash in the amount of:_______.A. $5,100.B. $100.C. $5,000.D. $4,900.
Answer: D) $4,900
Explanation:
The answer to the question is that Maple Grove will record a debit to Cash in the amount of $4,900 if Weymouth pays the invoice within the discount period. This is based on the credit terms of 2/10, n/30.
Option D is correct
Explanation:The question revolves around understanding credit terms and discounts in business transactions. In this case, Weymouth Construction is given a credit term of 2/10, n/30 by Maple Grove Legal Association. This means that Weymouth has a 2% discount if it pays within 10 days ('2/10'), and the net amount is due within 30 days ('n/30').
If Weymouth pays within the discount period, it will pay 2% less than $5,000. We calculate this by multiplying 5000 by 2% which gives us $100. Therefore, Weymouth will pay Maple Grove $5,000 - $100 = $4,900.
Hence, if Weymouth pays the invoice within the discount period, Maple Grove will record a debit to Cash in the amount of $4,900 (Option D).
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Mica buys "Nature," a movie, through Open View, an online entertainment vendor. Before completing the purchase and downloading "Nature," Mica is asked to review a warning not to make and sell a copy of it but is not required to click "I agree." This warning is:_______. a. a browse-wrap term. b. a click-on agreement. c. a shrink-wrap agreement. d. none of the choices.
Answer:
a browse-wrap term.
Explanation:
A browse-wrap term is Ali's called a browse-wrap liscence under internet law is an agreement that is taken to give access to content or download from a website. It is a binding contract that the user of a website must agree to before accessing some of the features offered.
In this instance Mica buys "Nature," a movie, through Open View, an online entertainment vendor. She is then asked to review a warning not to make and sell a copy of it but is not required to click "I agree." This is a browse-wrap term.
Comparing how many dollars it takes you to run your car each year to annual earnings on a job insteadof keeping track of costs in terms of gallons of gasoline and quarts of oil represents the use of money as:_______. a. means of payment.b. unit of account.c. store of purchasing power.d. form of plastic money.
Answer:
b. Unit of account
Explanation:
One of the most important characteristics of money is that it serves as a unit of account. Money as a unit of account is something that can be used to value goods and services, record debts, and make calculations that is it is a measurement for value. it has three important characteristics which are:
1) Divisibility: it can be divided so that its component part is equal to its original value.
2) Fungible: one of the unit is the same as any other part of the unit with no change in value.
3) Countable: it can be counted and subjected to mathematical operations.
Delegation assigns work and power to other workers as required by the centralization or decentralization of authority within the organization. What is the last step in the delegation process?1. Prepare2. Assign3. Confirm understanding4. Confirm commitment5. Avoid reverse delegating6. Ensure accountability
Answer:
6) Ensure accountability
Explanation:
The six steps in the delegation process are:
Prepare: you must be sure what decisions and tasks you are going to delegate.Assign: notify your subordinates what decisions and tasks are being delegated and to whom.Confirm understanding: Ask you subordinates if they clearly understood the information given to them. Confirm commitment: As your subordinates if they are OK with the decisions and tasks delegated to them.Avoid reverse delegating: the supervisor or manager must make sure that the employees are performing the tasks delegated to them, and that the process was actually carried out. Ensure Accountability: each employee is responsible and must be held accountable for performing every task delegated to them.Guns R Us overstated its ending inventory in the current year by $5,000. The company incorrectly reported $100,000 of net income. Explain the consequences of this error on the current period's income statement:_______.A. Cost of goods sold will be too high by $5,000.B. Cost of goods sold will be too low by $5,000.C. The correct net income amount should have been $105,000.
Answer:
Cost of goods sold will be too low by $5,000.
Explanation: