Answer:
a) The total dollar amount = $513.2
b) The interest payment = $13.20
Explanation:
Use following formula to calculate the real interest rate:
1 + Real Interest rate = (1 + Nominal Interest rate ) / (1 + Inflation rate )
1 + Real Interest rate = (1 + 7% ) / (1 + 4.25% )
1 + Real Interest rate = (1 + 0.07 ) / (1 + 0.0425 )
1 + Real Interest rate = 1.07 / 1.0425
1 + Real Interest rate = 1.0264
Real Interest rate = 1.0264 - 1
Real Interest rate = 0.0264
Real Interest rate = 2.64%
a) The total dollar amount
A = P x ( 1 + r )^n = 500 x ( 1 + 0.0264)^1 = $513.2
b) The interest payment
Interest payment = $513.2 - $500 = $13.20
The total dollar amount to pay back is $535, and the amount of interest payment resulting from the real rate of interest is $13.75.
Explanation:The total dollar amount you would need to pay back to your roommate consists of the principal amount of $500 and the nominal interest of 7 %. Therefore, to calculate the total amount you will owe at the end of the year, we need to find the amount of interest first and then we add that to the original $500.
Interest = Principal x Rate of Interest = 500 x 0.07 = $35. Hence the total amount you would have to pay back would be the principal + interest = $500 + $35 = $535.
The dollar amount of the interest payment due to real rate of interest can be calculated by factoring in inflation. Real interest rate is essentially the nominal interest rate minus the expected inflation. So, Real Interest = Nominal Interest - Inflation = 7% - 4.25% = 2.75%. Therefore, the portion of the interest due to the real rate of interest = Principal x Real rate of interest = $500 x 0.0275 = $13.75.
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1. Identify each account as an asset (A), liability (L), or equity (E).
2. Identify whether the account is increased with a debit (DR) or credit (CR).
3. Identify whether the normal balance is a debit (DR) or credit (CR)(a) Interest Revenue (b) Accounts Payable (c) Calhoun, Capital (d) Office Supplies (e) Advertising Expense (f) Unearned Revenue (g) Prepaid Rent
Answer:
Interest Revenue: Income, Credit balance, credit increases the balance, debit reduces such balance
Accounts Payable: Liability, Credit balance, credit increases the balance, debit reduces such balance
Calhoun Capital: Equity, Credit balance, Credit increases the balance, debit reduces such balance
Office Supplies: Asset, Debit balance, Debit increases the balance, credit reduce such balance
Advertising Expense: Expense, Debit balance, debit increases the balance, credit reduces such balance
Unearned Revenue: Liability, Credit balance, credit increases the balance, debit reduces such balance
Prepaid Rent: Asset, Debit balance, Debit increases the balance, credit reduces such balance
Managers who practice total quality management_______(A) invest more resources at the front end of the value chain in research and development and design to produce a superior product.(B) invest more resources in inspecting and repairing products once they are produced.(C) practice both A and B.(D) practice neither A nor B.
Answer:
The answer is A) invest more resources at the front end of the value chain in research and development and design to produce a superior product.
Explanation:
Total quality management is a management approach to long-term success through customer satisfaction. In a TQM effort, all members of an organization participate in improving processes, products, services, and the culture in which they work.
Willey Company makes three products in its factory: plastic cups, plastic tablecloths, and plastic bottles. The expected overhead costs for the next fiscal year include the following: Factory manager’s salary $210,000 Factory utility cost 70,000 Factory supplies 20,000 Total overhead costs $300,000 Willey uses machine hours as the cost driver to allocate overhead costs. Budgeted machine hours for the products are as follows: Cups 300 Hours Tablecloths 750 Bottles 950 Total machine hours 2,000 Required: Allocate the budgeted overhead costs to the products.
Answer:
Cups = $45,000
Tablecloths = $1,12,500
Bottles = $1,42,500
Explanation:
Given that,
Factory manager’s salary = $210,000
Factory utility cost = 70,000
Factory supplies = 20,000
Overhead allocation rate :
= Budgeted Overhead ÷ Budgeted Base of allocation
= Total overhead costs ÷ Total machine hours
= $300,000 ÷ 2,000
= $150 per machine hour
Cups:
Allocated cost = Allocation rate × Weight of base
= $150 × 300
= $45,000
Tablecloths:
Allocated cost = Allocation rate × Weight of base
= $150 × 750
= $1,12,500
Bottles:
Allocated cost = Allocation rate × Weight of base
= $150 × 950
= $1,42,500
The allocated budgeted overhead costs to the products are: Plastic Cups: $45,000, Plastic Tablecloths: $112,500, and Plastic Bottles: $142,500.
To allocate the budgeted overhead costs to the products based on machine hours, we first need to determine the overhead rate per machine hour.
[tex]\[ \text{Overhead Rate per Machine Hour} = \frac{\text{Total Overhead Costs}}{\text{Total Budgeted Machine Hours}} \][/tex]
Plugging in the given values:
[tex]\[ \text{Overhead Rate per Machine Hour} = \frac{\$300,000}{2,000 \text{ hours}} \]\[ \text{Overhead Rate per Machine Hour} = \$150 \text{ per hour} \][/tex]
Now, we can allocate the overhead costs to each product using their respective budgeted machine hours:
1. Plastic Cups :
Overhead Costs for Cups = [tex]\text{Overhead Rate per Machine Hour} \times \text{Budgeted Machine Hours for Cups} \][/tex]
[tex]\[ \text{Overhead Costs for Cups} = \$150 \times 300 \text{ hours} = \$45,000 \][/tex]
2. Plastic Tablecloths :
Overhead Costs for Tablecloths = [tex]\text{Overhead Rate per Machine Hour} \times \text{Budgeted Machine Hours for Tablecloths} \][/tex]
[tex]\[ \text{Overhead Costs for Tablecloths} = \$150 \times 750 \text{ hours} = \$112,500 \][/tex]
3. Plastic Bottles :
Overhead Costs for Bottles = [tex]\text{Overhead Rate per Machine Hour} \times \text{Budgeted Machine Hours for Bottles} \][/tex]
[tex]\[ \text{Overhead Costs for Bottles} = \$150 \times 950 \text{ hours} = \$142,500 \][/tex]
Therefore, the allocated budgeted overhead costs to the products are as follows:
- Plastic Cups: $45,000
- Plastic Tablecloths: $112,500
- Plastic Bottles: $142,500
Chiquita produces bananas for an average explicit cost of $0.25 per banana and sells 1 million bananas per week for a price of $0.50 per banana. The implicit costs per week are $200,000. Which of the following statements is true?a. Chiquita makes an accounting profit of $250,000 b. Chiquita makes an accounting profit of $50,000. c. Chiquita makes an economic profit of $250,000. d. Chiquita makes an economic profit of $450,000. e. More than one answer is correct
Answer:
Option (A) is correct.
Explanation:
Given that,
Implicit costs per week = $200,000
Average explicit cost per banana = $0.25 per banana
Per week bananas sold = 1 million
Explicit cost = Average explicit cost per banana × No. of banana sold
= $0.25 × 1,000,000
= $250,000
Total revenue = No. of banana sold × Selling price of each banana
= 1,000,000 × $0.50
= $500,000
Accounting profit = Total revenue - Explicit cost
= $500,000 - $250,000
= $250,000
Economic profit:
= Total revenue - Explicit cost - Implicit costs
= $500,000 - $250,000 - $200,000
= $50,000
Chiquita's accounting profit is $250,000 which is calculated by subtracting explicit costs from total revenue. Its economic profit is $50,000, calculated by subtracting both explicit and implicit costs from the total revenue. Therefore, the correct statements are a and b.
Explanation:To determine the accounting profit and economic profit of Chiquita's banana production we need to use the provided numbers. The accounting profit is calculated by subtracting the explicit costs from the total revenues. With 1 million bananas sold at $0.50 each, the total revenue would be $500,000. The explicit costs are $0.25 per banana for 1 million bananas, which results in $250,000. Thus, the accounting profit is $500,000 (total revenues) - $250,000 (explicit costs) = $250,000.
To calculate the economic profit, we subtract both explicit and implicit costs from the total revenue. The implicit costs are given as $200,000 per week. Using the accounting profit of $250,000, the economic profit is calculated as $250,000 (accounting profit) - $200,000 (implicit costs) = $50,000. Hence, the correct statements are that Chiquita makes an accounting profit of $250,000 and an economic profit of $50,000.
At year end, CurlZ Inc.'s inventory consists of 100 bottles of CleanZ with a cost of $1, and a selling price of $0.80 per bottle. It also has 100 boxes of DyeZ with a cost of $10, and a selling price of $11 per box. Using the lower of cost and net realizable value method, the year-end Inventory balance should include which of the following amounts?
Answer:
$1,080
Explanation:
The inventory of Curlz Inc. shall be valued at lower of cost and net realizable value.
In case of CleanZ, since the net realizable value is lower than the cost, therefore the inventory of CleanZ shall be placed at net realizable value which is $0.80 per bottle.
In case of DyeZ , since the net realizable value is higher than the cost, therefore the inventory of DyeZ shall be valued at cost which is $10 per bottle.
Value of CleanZ=100*0.80 $80
Value of DyeZ=100*10 $1,000
Total value of inventory $1,080
You are thinking about buying a piece of art that costs $ 20 comma 000. The art dealer is proposing the following deal: He will lend you the money, and you will repay the loan by making the same payment every two years for the next 30 years (i.e., a total of 15 payments). If the interest rate is 7 % per year, how much will you have to pay every two years?
To determine the payment amount to be made every two years for a 30-year loan with 7% interest, use the future value of an ordinary annuity formula.
Explanation:To determine the amount that needs to be repaid every two years, we can use the formula for the future value of an ordinary annuity:
FV = PMT*((1+r)^n - 1)/r
FV is the future value of the loanPMT is the payment amount to be made every two yearsr is the interest rate per period (7% per year, so 3.5% per two years)n is the number of payment periods (15 payments over 30 years)Plugging in the values, we get:
20000 = PMT*((1+0.035)^15 - 1)/0.035
Solving for PMT gives:
PMT = 20000*0.035/((1+0.035)^15 - 1)
Using a calculator, we find that the payment amount to be made every two years is approximately $1,324.46.
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An on-premises workload consists of a single server with an Apache instance and a MySQL database. The Solutions Architect plans to migrate the on-premises database to MySQL on Amazon RDS using multiple Availability Zones. What solution ensures that the remaining workload will be highly?
Answer:
Provision the workload in an Auto Scaling group across Availability Zones, with a minimum of two Amazon EC2 instances Use an Application Load Balancer in front of an Auto Scaling group.
Explanation:
To ensure high availability configure at least 2 EC2 instances so if one fails the other will be a backup. Also aouto scale across various regional availability groups. Worldwide Amazon has various availability stations so making the workload available across multiple regions ensure it will not be affected incase a region goes down.
The total return that an investor earns on any investment consists of the dollar return that the investment pays plus the _____ associated with the investment. a. taxes b. capital gains c. production opportunities d. risk
Answer:
The correct option is B
Explanation:
Capital gain is the term which is defined as the increase or rise in the capital asset value,that offer the higher worth than the purchase price of the asset. And the gain will not be realized until the asset is sold. It is linked with the investment which the investor earned or gained through the investment.
So, the aggregate return which the investor earn on any of the investment comprise of the dollar return plus the capital gain which is linked with the investment.
Lucky Louie's bank requires a minimum balance at all times of $1500 in order to provide free checking services. The bank pays .5% per annum interest on the minimum balance. If you do not maintain the balance, account service fees are $4 per month. Assuming Lucky can earn 2.5% on his money not sitting at the bank, what is his net benefit to maintaining the minimum balance?
Answer:
Net benefit $18
Explanation:
Saivings from fees:
$4 fee x 12 months = $ 48
Interst 1,500 x 0.005 = $ 7.5
Opportunity cost:
1,500 x 0.025 = ( $ 37.5 )
Net benefit: 18.00
Fro mthe saving of fees and interest we should subtract the opprtunity cost, which represen the gain from putting the cash in the best interest alternative. This makes a more realistic approach than just the accounting gain.
In contingency planning, a(n) _________ that threatens the security of the organization's information is called an _________
Answer:
adverse event, incident
Explanation:
contingency planning is referred to as the planning for unexpected events. The main focus behind inducing Contingency planning is to restore the normal position without disrupting business operations.
An incident response plan is induced to take action against the incident while the Disaster recovery plan is used to restored business operation after incident occurred.
A city health inspector threatens to close down a restaurant by issuing a fake health violation notice if the owner does not make a financial payment to the inspector. If the restaurant owner does not cooperate, he will not be able to open for business and the publicity will drive away his customers permanently. Faced with a threat of economic loss, the owner makes the payment.What type of fraud is this, and what controls can be implemented to prevent or detect the fraud?
Answer: ECONOMIC EXTORTION.
CONTROLS
IMPLEMENTATION OF CHECK AND BALANCE SYSTEM.
DISCOURAGING CASH PAYMENT TO REGULATORY BODIES.
ENACT DISCIPLINARY ACTIONS ON OFFENDERS.
Explanation:ECONOMIC EXTORTION is a fraudulent activity which involves the use of Threat,force or other means to forcefully and wrongfully collect money and other resources from others in the Population especially those in business. It is usually carried out by Government agents and other Regulatory bodies etc.
It can be controlled by putting a check and balance system whereby a check on the activities of the regulators are done by a set of inspectors or monitors.
It can also be controlled by putting in place systems to prevent the payment of cash to Government officials and other Regulatory bodies etc.
The kind of fraud that has been identified in this question is what is known as economic extortion.
How does this show economic extortion?
The inspector wants to be bribed by the owner of the restaurant. Failure to do so would cause him to implicate the owner on a crime that he is not guilty of.
The ways to prevent this type of frauds are:The implementation of certain check and balanceDiscouragement of payment to individual bodies.Disciplinary actions on anyone found guilty of such behaviorsRead more on fraud here:
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One of the major challenges of supply chain management is forward buying. maintaining the visibility of inventory at acceptable levels at all times. building safety-stock inventory storage bins. pushing inventory back to vendors.
Answer:
The correct answer is letter "B": maintaining the visibility of inventory at acceptable levels at all times.
Explanation:
Inventory visibility refers to know exactly where the inventory is in the manufacturing process of the supply chain at all times. This is not an easy task since goods are constantly being moved from one place to the other in the supply chain. However, it is important to keep good control over the inflow and outflow of the inventory so the company's internal records can reflect the real flow of the goods.
One of the major challenges facing supply chain management is that of maintaining the visibility of inventory at acceptable levels at all times.
Supply chain management:
Is the management of goods in the production process from the raw material stage to the finished stage.Faces a challenge of knowing how much inventory is needed.Supply Chain management requires that a company know just how much materials are needed by the company (inventory visibility) in a given period and this can be difficult as production can pick up unexpected or drop the same way.
In conclusion, option b is correct.
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Ram Company's after-tax net income was $120. Their interest paid was $50. Assuming the corporate tax is 40%, what is Ram Company's interest coverage ratio?
Answer:
5
Explanation:
The formula to compute the interest coverage ratio is shown below:
= (Earning before tax + interest expense) ÷ (interest expense)
where,
Earning before tax equal to
= Net income ÷ (1 - tax rate)
= $120 ÷ (1 - 0.40)
= $200
And interest expense is $50
So, the interest coverage ratio equal to
= ($200 + $50) ÷ ($50)
= 5
Determine if the people in the example have benefited (i.e., are winners) or have been harmed (i.e., are losers) by unexpected inflation.1. Winners2. Losers
Unexpected inflation can benefit borrowers and harm savers. Borrowers benefit because the real value of their debt decreases, while savers lose because their accumulated wealth's purchasing power diminishes.
Explanation:The impact of unexpected inflation on people largely depends on their individual financial situations. On one hand, borrowers or people in debt could be considered winners in unexpected inflation because the real value of the money they owe diminishes. In other words, they effectively pay back less than they borrowed. On the other hand, savers or people who have a large amount of cash on hand are often seen as the losers in these scenarios, as the purchasing power of their accumulated wealth decreases.
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If Rachel invests $1700 today in an account that pays 6 percent interest compounded annually, how long will it take for her to accumulate $6,500 in her account?
Answer:
23.02 years
Explanation:
The expression that describes the future value of an investment (P) at an annual rate (r) for a period of n years, compounded annualy is:
[tex]FV = P*(1+r)^n[/tex]
If Rachel wants to accumulate $6,500 with an investment of $1,700 at 6% per year, the length of her investment, in years, must be:
[tex]6,500 = 1,700*(1+0.06)^n\\1.06^n = 3.8235\\n=\frac{log(3.8235)}{log(1.06)}\\n=23.02\ years[/tex]
It will take Rachel roughly 23.02 years to accumulate $6,500.
Because resources are scarce, if society produces more of one commodity, it has to sacrifice some amount of another commodity. The amount sacrificed is A. a normative problem B. the out-of-pocket cost C. the opportunity cost D. the lost profit E. the total factor productivity
Answer:
C. the opportunity cost
Explanation:
The opportunity cost -
It refers to the amount of benefit received by the business , investors or an individual , during the process of selecting any alternative , is referred to as the opportunity cost .
These cost can be ignored very easily , in case not seen properly .
The opportunity cost can very well be used to any important and educational decisions for the betterment of the company or firm.
Hence , from the given information of the question,
The correct option is C. the opportunity cost .
Answer:
The correct answer is letter "C": the opportunity cost.
Explanation:
The opportunity cost represents the return of the option chosen compared to the return that could have provided the option forgone. Opportunity cost can also be described as the return of the best next option available that was left behind after choosing another option. It is what was "left on the table".
Suppose Natasha currently makes $50,000 per year working as a manager at a cable TV company. She then develops two possible entrepreneurial business opportunities. In one, she will quit her job to start an organic soap company. In the other, she will try to develop an Internet-based competitor to the local cable company. For the soap-making opportunity, she anticipates annual revenue of $465,000 and costs for the necessary land, labor, and capital of $395,000 per year. For the Internet opportunity, she anticipates costs for land, labor, and capital of $3,250,000 per year as compared to revenues of $3,275,000 per year. (a) Should she quit her current job to become an entrepreneur? (b) If she does quit her current job, which opportunity would she pursue?
Answer:
It should quite the job and do the organic soap business as it provides an economic gain which consider the implicit cost.
Explanation:
alternative (I)
revenues of 465,000
expenses (395,000)
net income 70,000
opportunity cost
wages from TV company (50,000)
net economic gain 20,000
alternative (II)
revenues 3,250,000
expenses 3,275,000
net loss (25,000)
opportunity cost
wages from TV company (50,000)
net economic loss (70,000)
client has controls which are built in by the manufacturer to detect equipment failure. These are known as _____ Group of answer choices data integrity contols. No answer text provided. input controls. hardware controls. manufacturer's controls.
Answer:
The correct answer is hardware controls
Explanation:
Hardware control is the kind of control which are the computer controls that builds into the physical equipment through the manufacturer. It is the control which manages the data flow among the two or more entities.
Therefore, the client which has the control that built in order to detect or discover the failure in the equipment by the manufacturer, is known or acknowledged as the hardware control.
Consider a 5-step process for the National Corporation that includes cutting, drilling, stamping, welding, and painting. The cutting department has 6 machines that each process materials at a rate of 2 minutes per unit. Drilling has 6 machines that each process materials at a rate of 3 minutes per unit. Stamping has 6 machines that each process materials at a rate of 4 minutes per unit. Welding has 4 machines that each process materials at a rate of 2 minutes per unit. Painting has 2 machines that each process materials at a rate of 4 minutes per unit. What is the capacity of the entire five-step process in units per hour? Please enter your answer rounding down to the nearest completed unit.
Answer:
[tex]\large\boxed{\large\boxed{\text{The capacity of the entire five-step process is 30 units per hour}}}[/tex]
Explanation:
The rate of production is determined by the slowest step or process.
Determine the rate of production of each step.
1. The Cutting department has 6 machines that each process materials at a rate of 2 minutes per unit.
rate = number of machines × rate of each machincerate = 6 × 1 unit / 2 minute = 3 units / minute2. Drilling has 6 machines that each process materials at a rate of 3 minutes per unit.
rate = number of machines × rate of each machincerate = 6 × 1 unit / 3 minute = 2 units / minute3. Stamping has 6 machines that each process materials at a rate of 4 minutes per unit.
rate = number of machines × rate of each machincerate = 6 × 1 unit / 4 minute = 1.5 units / minute4. Welding has 4 machines that each process materials at a rate of 2 minutes per unit.
rate = number of machines × rate of each machincerate = 4 × 1 unit / 2 minute = 2 units / minute5. Painting has 2 machines that each process materials at a rate of 4 minutes per unit.
rate = number of machines × rate of each machincerate = 2 × 1 unit / 4 minute = 0.5 units / minuteThen, the fifth process, painting is the slowest process because it only can process 0.5 units per minute. This is the bottleneck. Even if the other processes worked faster, the production could not exceed the number of machines that can be painted per hour.
To find how many units can be painted or produced by hour multiply the rate by the number of minutes in one hour:
0.5 units/min × 60 min/hour = 30 units / hour.Therefore, the capacity of the entire five-step process is 30 units per hour.
You decide to buy 1,300 shares of stock at a price of $36 and an initial margin of 65 percent.
What is the maximum percentage decline in the stock before you will receive a margin call if the maintenance margin is 40 percent?
(Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places. Do not include a minus sign. Omit the "%" sign in your response.)
Answer:
Maximum percentage decline in the stock will be 12.5%
Explanation:
It is given that number of shares which is bought is 1300 at a stock price of $36 an an initial margin of 65 %
Maintenance margin is given as 40%
Margin call price is equal to [tex]=stock\ price\times \frac{1-initial\ margin}{1-maintinance\ margin}[/tex]
So margin call price [tex]=36\times \frac{1-0.65}{1-0.40}=31.5[/tex]
So percentage decline [tex]=\frac{31.5}{36}\times 100=87.5[/tex] %
So maximum percentage decline in stock before you will receive a margin call is 100 -87.5 = 12.5%
So answer will be 12.5 %
Consider a four-step serial process with processing times given in the list below. There is one machine at each step of the process, and this is a machine-paced process. Step 1: 34 minutes per unit. Step 2: 23 minutes per unit Step 3: 29 minutes per unit Step 4: 24 minutes per unit Assuming that the process starts out empty, how long will it take (in hours) to complete a batch of 97 units? (Do not round intermediate calculations. Round your answer to nearest hour)
Answer 98
Explanation:
If you find a positive relationship between corruption and per capita GDP, how would you rationalize this outcome?
Answer:
The mistake could be as Transparency International publish the index "backwards" being zero highly corrup nation while 10 a nation with low level of corruption. This could make a person to see the relationship as positive but it isn't. a higher GDP is consistent with a a governement with low levels of corruption.
Higher GDP per capita countries has lower levels of corruptions. thus a higher value in the index.
Explanation:
Which decisional role involves the manager in resolving conflicts? a. Disturbance handler b. Resource allocator c. Leader d. Liaison e. Negotiator
Answer:
The correct answer is letter "A": Disturbance handler.
Explanation:
One of the many roles managers have is being a disturbance handler. This role implies having the manager as a mediator of a conflict in which the manager will have to collect the versions of the parties involved a come up with a solution for the problem. If corrective actions must be taken, the manager should proceed accordingly.
The managerial role responsible for resolving conflicts is the Disturbance Handler. The Negotiator role also includes dispute resolution, but typically in external contexts.
Explanation:In the context of management's decisional roles as defined by Henry Mintzberg, resolving conflicts falls under the role of the Disturbance Handler. The Disturbance Handler role involves taking corrective action during disputes or crises; resolving conflicts is a part of this. Negotiator also has some relevancy, as managers as negotiators help resolve disputes between different parties, but typically, these are external transactional disputes, not internal conflicts.
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___________ is an analytic approach that helps the firm decide which segments to address by determining how attractive the segment is for the firm and whether the firm has the business strengths to win in the segment.
Answer:MULTIFACTOR MATRIX
Explanation:MULTIFACTOR MATRIX is a technique applied by brand marketers or product management teams to decide which products to add to their portfolio of products and to which market segment are they going to gain a good and available market that will enable them enjoy good market strength, penetration and competitive advantage. This technique is of great use in modern times as businesses try to diversity into new products and markets.
As a flight attendant, Mary Ann is supposed to smile and act cheerful at all times on the flight; however, she feels tired and annoyed. The conflict between the emotion she feels and the emotion she is required to express is called emotional:
A) dissonance.
B) labor.
C) conflict.
D) incongruence.
Answer:
emotional dissonance.
Explanation:
Emotional dissonance -
It refers to the situation of mental status , where there is confusion between the emotions experienced by the employees and the emotion which is required to have for working in the organisation , is referred to as emotional dissonance .
The condition makes the employees very agitated and unhappy for the job , and is not able to enjoy their work .
Hence , from the given scenario of the question ,
The correct option is emotional dissonance .
Mary's 25th birthday is today, and she hopes to retire on her 65th birthday. She has determined that she will need to have $3,000,000 in her retirement savings account in order to live comfortably. Mary currently has no retirement savings, and her investments will earn 4% annually.
a. How much must she deposit into her account at the end of each of the next 40 years to meet her retirement savings goal?
Answer:
Annual deposit= $31,570.47
Explanation:
Giving the following information:
She has determined that she will need to have $3,000,000 in her retirement savings account.
Her investments will earn 4% annually.
To calculate the annual deposit we need to use the following formula:
FV= {A*[(1+i)^n-1]}/i
A= annual deposit
Isolating A:
A= (FV*i)/{[(1+i)^n]-1}
A= (3,000,000*0.04)/[(1.04^40)-1]= $31,570.47
To meet her retirement savings goal of $3 million, Mary needs to deposit approximately $28,374 at the end of each of the next 40 years, assuming her investments will yield a 4% annual return.
Explanation:Mary needs to make use of the formula for the future value of an annuity since she is making regular deposits into her retirement savings account. The future value (FV) of an annuity formula is: FV = P * [(1 + r)n - 1] / r, where P is the regular deposit amount, r is the annual interest rate, and n is the number of periods.
In this case, Mary needs a FV of $3,000,000, the interest rate (r) is 4% or 0.04, and she will make the deposits for 40 years, so n = 40.
We need to rearrange the formula to solve for P, the unknown deposit amount: P = FV * r / [(1 + r)n - 1]
So, P = $3,000,000 * 0.04 / [(1 + 0.04)40 - 1].
After calculating this, Mary must deposit roughly $28,374 at the end of each of the next 40 years to meet her retirement savings goal of $ 3 million.
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Which of the following is an example of an annuity?
(A) An investment in a certificate of deposit (CD)
(B) A lump-sum payment made to a life insurance company that promises to make a series of equal payments later for some period of time
Answer: Option ( B ). A lump-sum payment made to a life insurance company that promises to make a series of equal payments later for some period of time.
Explanation: An annuity is a contract between an individual and an insurance company in which you make a lump sum payment or series of payments and in return receive regular disbursements at some point in the future.it is a series of payments made at intervals. It can also be defined as a contract between you and an insurance company that requires the insurer to make installmental payments to you or come as one lump sum.
Annuities are bought by people who intend to “insure” their retirement and to receive periodic payments once they no longer receive a salary. The two phases to annuities are the accumulation phase and the payout phase.
The example of an annuity between the given options is (B) A lump-sum payment made to a life insurance company that promises to make a series of equal payments later for some period of time. A certificate of deposit (CD) is not an annuity, it is a fixed-term financial asset that returns the original investment plus accrued interest at maturity.
Explanation:To answer which of the following is an example of an annuity, let's first define what an annuity is. An annuity is a financial product that guarantees to pay out a fixed stream of payments to an individual, typically after retirement. These payments continue for the life of the annuitant or for a specified period of time.
A certificate of deposit (CD) is not an annuity. It is an investment tool where you deposit a lump-sum amount for a fixed period of time and receive interest in return. The principal amount, along with the accrued interest, is returned back to you upon maturity.
Therefore, among the options given:
(A) An investment in a certificate of deposit (CD) is not an example of an annuity because a CD offers a return on a lump-sum deposit after its maturity, not a series of equal payments.(B) A lump-sum payment made to a life insurance company that promises to make a series of equal payments later for some period of time is, in fact, an example of an annuity. This is because it involves making equal, steady payments over a certain period, which is characteristic of an annuity.Hence, the correct answer to which of the following is an example of an annuity is (B) A lump-sum payment made to a life insurance company that promises to make a series of equal payments later for some period of time.
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When you compose messages, you may use the active or passive voice to convey meaning. Most business messages use the active voice. Which of the following are instances when you would use the passive voice in a business message?
Check all that apply.
a. To de-emphasize negative news
b. To emphasize an action instead of the recipient of an action
c. To conceal the doer of an action
d. To emphasize the sender not the reader
Answer:
a. To de-emphasize negative news
b. To emphasize an action instead of the recipient of an action
c. To conceal the doer of an action
Explanation:
Passive voice is ideal when you want reduce impact of bad news, to emphasise on an action and not the recipient, and when concealing the doer of an action.
Usually passive voice is used when you want to draw a person's attention from the doer of an action.
In business writing, passive voice is typically used to de-emphasize negative news, emphasize an action over a person, and to avoid identifying who is responsible for an action. The correct answer is option a, b and c.
Explanation:In writing business messages, the use of active or passive voice impacts the tone and focus of the message. While active voice is generally preferred for its directness and clarity, there are situations where passive voice can be useful:
To de-emphasize negative news: If you need to deliver unfortunate news, such as denial of a request or announcement of a setback, you might use the passive voice to soften the blow. Example: 'Your application has been declined' instead of 'We have declined your application'.To emphasize an action instead of the recipient of an action: For instance, 'A decision has been made' (passive) rather than 'We made a decision' (active). In this case, the emphasis is on the decision, not on who made it.To conceal the doer of an action: In cases where it is necessary to avoid placing responsibility on a specific person or entity, passive voice can be used. For instance, 'Mistakes were made' instead of 'We made mistakes'.Learn more about business communication here:https://brainly.com/question/34215158
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During its first year of operations, Silverman Company paid $12,625 for direct materials and $10,000 for production workers' wages. Lease payments and utilities on the production facilities amounted to $9,000 while general, selling, and administrative expenses totaled $4,500. The company produced 5,750 units and sold 3,500 units at a price of $8.00 a unit. What was Silverman's net income for the first year in operation?
Answer:
$4,250
Explanation:
Given that,
Payment for direct material = $12,625
Payment for production workers' wages = $10,000
Lease payments and utilities on the production facilities = $9,000
General, selling, and administrative expenses = $4,500
Units produced = 5,750 units
Units sold = 3,500 units
Selling price = $8.00 per unit
Cost of Production for 5,750 Units:
= Direct material cost + Worker's wages cost + Lease payments and utilities
= $12,625 + $10,000 + $9,000
= $31,625
Cost of Good Sold:
= Cost of Production - (Cost of Production ÷ Units produced) × (Units produced - Units sold)
= $31,625 - ($31,625 ÷ 5,750) × (5,750 - 3,500)
= $31,625 - ($5.5 × 2,250)
= $31,625 - $12,375
= $19,250
Amount of gross margin for the first year:
= Sale - Cost of Good Sold
= (3,500 × $8.00) - $19,250
= $28,000 - $19,250
= $8,750
Net Operating Income for the first year:
= Gross margin - General, selling, and administrative expenses
= $8,750 - $4,500
= $4,250
The net income for Silverman Company's first year is calculated by subtracting the total expenses ($36,125) from the revenue ($28,000), resulting in a loss of $8,125. This includes costs for materials, wages, facility lease, utilities, and general expenses.
Explanation:Calculating Silverman Company's Net Income
To calculate Silverman Company's net income for its first year, we must consider all revenues and expenses. The revenue comes from the sale of 3,500 units at $8.00 per unit. The total expenses include direct materials, production workers' wages, lease payments, utilities, and general, selling, and administrative expenses. We do not need to calculate the cost of goods sold as the question does not provide information about the inventory or require this calculation.
Revenue: 3,500 units × $8.00/unit = $28,000Total Expenses:Adding up all expenses gives us a total expense of $36,125. We subtract the total expenses from the revenue to find the net income.
Net Income: $28,000 (Revenue) - $36,125 (Total Expenses) = -$8,125
Therefore, Silverman Company's net income for the first year was a loss of $8,125.
In many poor countries even middle-class families may have full-time servants, a luxury reserved for only the very wealthiest households in rich countries like the United States. The existence of low-cost domestic help in poor countries makes PPP-adjusted GDP statistics in those countries:
O lower, because consumption baskets include less expensive domestic help, resulting in higher pricers.
O lower, because consumption baskets include less expensive domestic help, resulting in lower prices.
O higher, because consumption baskets include less expensive domestic help, resulting in lower prices.
O higher, because consumption baskets include less expensive domestic help, resulting in higher prices.
Answer:
higher, because consumption baskets include less expensive domestic help, resulting in lower prices.
Explanation:
Because the wages paid to house helps in poor countries are low resulting in higher PPP-adjusted GDP in these countries compared to rich countries that use GDp that is not adjusted.
The availability of cheap labor still exists in poor countries compared to rich countries because of the high cost of migration. So people providing cheap services cannot move.