Quiz week 3 - 401(k) & investing a 6. if a person starts investing $100 per month starting at age 21, and that money earns a 7% return every year, how much will this person have when turning 70 years old? for ease of calculation, assume starting balance of $0 and annual contributions of $1,200 (12*$100).
To solve this problem, we use the formula:
F = A [(1 + i)^n – 1] / i
where,
F is the future value or the amount he will have
A is the amount he invest each year = 1200
n is number of years = 70 – 21= 49
i is the interest or return rate = 7% = 0.07
Hence the value of F is:
F = 1200 * [1.07^49 – 1] / 0.07
F = $454,798.80
What does george tell lennie to do if he gets in trouble at their new job site?
Rockefeller's company was busted up in 1911 because it violated the __________.
The natural rate of employment is achieved when:
a.the actual rate of unemployment is equal to zero.
b.the natural rate of unemployment is equal to the actual rate of unemployment
c.the quantity of labor supplied is equal to the quantity of labor demanded.
d.there is no cyclical unemployment.
Answer:
The correct answer is letter "D": there is no cyclical unemployment.
Explanation:
Natural unemployment is often defined as the lowest unemployment rate that an economy can achieve. It's natural because factors other than a bad economy trigger it. Unemployment that is not considered to be natural is called cyclical, institutional or policy-based unemployment.
Thus, when there is natural unemployment there is no cyclical, institutional or policy-based unemployment.
What often caused enslaved africans to work slowly or peform their jobs incorrectly?
The supermarket displays the unit price for the 15.3-ounce box in terms of cost per ounce, but displays the unit price for the 24-ounce box in terms of cost per pound. what are the unit prices, to the nearest cent, given by the supermarket?
The better value is the 15.3-ounce box for $3.37 with a unit price of about $0.2209 per ounce. Better value usually has a lower unit price because it means you're paying less for each unit of the product.
To determine the better value between the two cereal options, there is a need to compare their unit prices. The unit price allows us to see how much you're paying per unit of measurement (ounce or pound) and helps you make a more informed decision.For the 15.3-ounce box:
Cost = $3.37
Unit Price = Cost / Weight
= $3.37 / 15.3 ounces
= $0.2209 per ounce
For the 20-ounce box:
Cost = $4.59
Unit Price = Cost / Weight
= $4.59 / 20 ounces
= $0.2295 per ounce
Comparing the unit prices:
The 15.3-ounce box has a unit price of approximately $0.2209 per ounce.
The 20-ounce box has a unit price of approximately $0.2295 per ounce.
The better value is the 15.3-ounce box for $3.37, as it has a lower unit price per ounce compared to the 20-ounce box for $4.59.
Yes, in general, the better value tends to have the lower displayed unit price. This is because the unit price reflects the cost per unit of measurement (e.g., per ounce or per pound). When comparing two products, if one has a lower unit price, it means you're paying less for each unit of that product, making it a better deal.Learn more about
Most probably, your complete question is this:
Which is the better value: a 15.3 ounce box of cereal for $3.37 or a 20 ounce box of cereal for $ 4.59
The supermarket displays the unit price for the 15.3 ounce in terms of cost per ounce, but display the unit price for the 24 ounce box in terms of cost per pound. what is the unit price to the nearest cent given by the supermarket. does the better value always have the lower displayed unit price explain.
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Final answer:
To calculate unit prices displayed differently (per ounce and per pound), convert the cost per pound to cost per ounce by dividing the cost per pound by 16, since there are 16 ounces in a pound.
Explanation:
To determine the supermarket's unit prices for different package sizes, you need to convert the cost per pound to cost per ounce when necessary since the 15.3-ounce box already provides a cost per ounce. There are 16 ounces in 1 pound. To convert the cost per pound of a 24-ounce box to the cost per ounce, you would take the cost per pound and divide it by 16.
For example, if a 24-ounce box is labeled with a unit price of $3.25 per pound, the cost per ounce would be $3.25 divided by 16, which equals approximately $0.2031 per ounce.
The advantage of using __________ is that they provide efficiency, primarily in agricultural markets.
People who risk their own money to organize and run businesses are known as
Pgp implemented a _______________ making it so that no single person was universally trusted to sign certificates.
Pretty Good Privacy implemented a certificate authorities making it so that no single person was universally trusted to sign certificates.A trust signature shows that both the key belongs to its claimed owner and that the owner of the key is trustworthy to sign other keys. Its versions always contain or include a way to cancel or revoke identity certificates.
PGP implemented a web of trust to prevent universal trust in signing certificates.
Explanation:PGP (Pretty Good Privacy) implemented a web of trust making it so that no single person was universally trusted to sign certificates. In PGP, trust is established through a network of individuals who have verified each other's identities and can vouch for the authenticity of public keys. This decentralized approach ensures that no single party has complete control or authority over the trust infrastructure.
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Government policies are sometimes created to help reduce different types of unemployment. drag each government program to the appropriate type of unemployment the program would reduce.
Government programs such as job training, unemployment benefits, and business incentives can reduce different types of unemployment.
Explanation:Government policies can be implemented to reduce different types of unemployment. Let's look at the various programs:
1. Job training and skill development programsThese programs aim to reduce structural unemployment by providing individuals with the necessary skills and training to meet the demands of the labor market. For example, offering vocational training or apprenticeships can help individuals acquire marketable skills.
2. Unemployment benefitsThese programs assist individuals who are temporarily out of work and actively seeking employment. Unemployment benefits provide financial support to meet basic needs while individuals search for a new job.
3. Business incentives and tax breaksThese programs aim to stimulate economic growth and create job opportunities by providing incentives for businesses to start or expand their operations. Governments may offer tax breaks or grants to encourage businesses to hire more workers.
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Suppose flowering plants generate a positive externality in consumption, if so then
When real property is used as collateral for a bond, it is termed a/an ________. debenture senior bond indenture mortgaged security?
When real property is used as collateral for a bond, it is termed as a mortgaged security. This bond secures the bondholder if the borrower can't fulfill its payment obligation, with the pledged property being sold to repay them. Other terms like debenture, senior bonds, and indenture have distinct connotations.
Explanation:When real property is used as collateral for a bond, it is termed a mortgaged security. A mortgaged security, also known as a mortgage bond, is a specific type of bond that is secured with a mortgage or collection of mortgages. The bondholder has a claim on the real property in case the borrower is unable to fulfill its obligation to pay back the bond.
For example, if a corporation issues a mortgaged bond and it is unable to pay the bondholders as promised, the property pledged as collateral can be sold to repay them.
Differentiating from other terms in the question, a debenture is a type of debt instrument that lacks collateral, and senior bonds are debts that take precedence over other unsecured or junior debt owed by an issuer. An indenture is a legal and binding contract between a bond issuer and the bondholders outlining details like the terms of the bond, the obligations of the issuer, and the rights of the bondholders.
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Real property used as collateral for a bond is termed a mortgaged security. This is a type of security measure where if the borrower defaults, the issuer can seize the real property to recover losses.
Explanation:When real property is used as collateral for a bond, this form of asset is commonly referred to as a mortgaged security. This refers to the use of real property (like land or buildings) as a sort of insurance for the bond issuer. Essentially, if the borrower defaults on their repayment obligations for the bond, the issuer can seize this real property to attempt to recover their losses. This security measure is widely used and can pertain to different types of bonds, including corporate bonds, municipal bonds, and Treasury bonds, which are all different forms of bonds that can be issued by corporations, cities, and the federal government.
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Increasing the effectiveness of internal controls would have the greatest effect on
A short-term usually spans ______ while a long-term goal typically spans
A short-term goal usually spans about one year or less and a long-term goal spans several years or a lifetime.
Explanation:A short-term goal typically spans a timeframe of about one year or less while a long-term goal usually spans over a period of several years or even a lifetime. For example, a student's short-term goal might be to achieve an 'A' grade on a particular project or exam, whereas their long-term goal might be to graduate with honors or pursue a specific career path. These two types of goals are both important steps in successful life planning.
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A short-term goal usually spans a relatively shorter period of time, while a long-term goal typically spans a longer period of time.
The duration of a short-term goal can vary depending on the context and specific objectives involved. It generally refers to goals that can be achieved within a few months to a year. Short-term goals are often more immediate and focused on specific actions or milestones that contribute to the overall progress towards a larger goal.
On the other hand, a long-term goal typically spans a significantly longer period of time, often extending beyond one year. Long-term goals are more comprehensive and strategic in nature, requiring sustained effort and planning over an extended period. They are often associated with broader objectives, such as career advancement, business growth, personal development, or achieving a significant outcome or impact.
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Brianna received an overall iq score of 117 on the wechsler scale. this number means that brianna has scored more than ________ standard deviation(s) above the mean iq score of ________.
The answers in the spaces provided in the question above are the following, 1; 100. The number means that Brianna has scored a total of 1 in the standard deviation which is above the mean IQ score of one hundred.
On july 25, henry company's accountant prepared a check for august's rent payment. henry company mails the checkon july 27 to the landlord. the landlord receives the check on july 31 and cashes the check on august 2. when should henry company record the rent expense associated with this transac±on?
Final answer:
Henry Company should record the rent expense in August, based on the accrual accounting principle, which dictates that expenses be recorded when they are incurred.
Explanation:
For the given case, Henry Company should record the rent expense associated with the transaction when the expense is incurred, which is according to the accrual basis of accounting. The accrual basis principle requires that expenses be recorded in the period they are incurred, irrespective of when the payment is made.
In this scenario, the rent expense for August should be recorded in August, the period in which the benefit of the rental is received, even though the check was prepared and sent in July. This follows the accrual basis of accounting where expenses are recognized when incurred rather than when cash is exchanged.
The _ is to sensory input as major city airport is to a country's airplanes through which all air traffic passes en route to the various destinations
Final answer:
The thalamus in the brain is analogous to a major city airport; it serves as a central hub where sensory input is processed and routed to the appropriate cerebral cortex areas, similar to how passengers and luggage are directed to various destinations from an airport.
Explanation:
The analog given in the question relates to the processing of sensory input in the human body. Just as a major city airport acts as a hub through which all air traffic passes en route to various destinations, the thalamus in the brain serves a similar function for sensory input. All sensory signals, except for those from the olfactory system, are routed through the central nervous system to the thalamus, which acts as a relay station directing sensory information to the appropriate areas of the cerebral cortex for processing.
The development of civil airline infrastructure is a metaphor for the intricate network through which sensory input travels. Airports with their terminals are akin to the thalamus and cortical areas that integrate and process the sensory information coming from our environment.
During sensory integration, the information is compared with memories and the current state of the person, leading to a specific response. This processing occurs in a pathway from the sensory structure through to integration areas in the brain, similar to how a traveler navigates through an airport to reach their final destination.
Why is it advantageous to take market trends into consideration when planning a career path?
Considering market trends in career planning is beneficial as it helps align career goals with job market demands, facilitates adaptability and flexibility in career paths, and influences informed decision-making for education and professional development.
Taking market trends into consideration when planning a career path is advantageous because it allows individuals to align their career decisions with the current and prospective demands of the labor market. Understanding market trends helps in identifying industries that are growing and in need of skilled professionals. This knowledge enables someone to acquire relevant skills and qualifications, making them more competitive in the job market. Additionally, by being aware of the changing environment, individuals can maintain flexibility in their career plans, thus adapting to new opportunities or changes in the economy. It also assists in setting realistic expectations regarding employment opportunities and potential earnings in certain fields.
Gathering information about market trends provides valuable insights into the necessary education, skills, and experience required for a target career. This allows for better preparation and increases employability by ensuring you possess the qualities that future employers are seeking. Moreover, being informed about market trends can guide your choices in education and professional development, and can influence how you market yourself during job searches or build contacts within your target industry or workplace. Lastly, considering market trends might help in assessing the financial viability of your chosen career, in terms of training cost and long-term earning potential to meet personal financial needs.
In summary, incorporating market trends into career planning is crucial in today's dynamic work environment. It enables career flexibility, ensures that the chosen career path is viable and rewarding, and aligns one's skills and qualifications with the demands of the job market.
Describe a real or made up but possible example of a product that went through a time of scarcity. What was likely to happen to the price of the product when it was scarce, and why?
Answer:
Water. In third-world countries, there may be a scarcity of fresh drinking water, It the product is scarce, the price is likely to rise because of the law of supply: as the quantity supplied of a good falls, the price rises.
Explanation:
Managers often base their hiring decisions on gut feelings. these feelings are typically formed within two minutes of meeting a job applicant and have little to do with the applicant's ability to do the job. these hiring managers are using theadministrative model of decision making
A list of n items is arranged in random order; to find a requested item, they are searched sequentially until the desired item is found. what is the expected number of items that must be searched through, assuming that each item is equally likely to be the one requested? (questions of this nature arise in the design of computer algorithms.)
Final answer:
The expected number of items that must be searched through in a list of n items, assuming each item is equally likely to be the requested item, is calculated as (n+1)/2. This uses the concept of expectation in discrete distributions and the sum of an arithmetic series.
Explanation:
To find the expected number of items searched through in a list of n items arranged in random order, we first consider that each item is equally likely to be the one requested. Since the list is searched sequentially, and the desired item could be in any position with equal probability, the chances it's in the first position is 1/n, the second position is 1/n, and so on, up to the nth position.
To calculate the expected number of searches, we use the formula for expectation in discrete distributions, which in this case sums up the product of each item's position (i) and its probability of being the searched item (1/n). This leads to an expected number of searches formula E = (1/n) * (1 + 2 + 3 + ... + n). Using the formula for the sum of an arithmetic series, The sum of the first n natural numbers is n(n+1)/2, so E = n(n+1)/(2n), which simplifies to (n+1)/2.
Therefore, the expected number of items that must be searched through in a list of n items, assuming each is equally likely to be the requested item, is (n+1)/2.
The valuable skills and knowledge that employees of a business possess are collectively called
Option D. The valuable skills and knowledge that employees of a business possess are collectively called . intellectual capital.
Intellectual capital refers to the intangible assets that contribute to a company's value and competitive advantage. Unlike physical or financial assets, intellectual capital consists of non-physical resources such as knowledge, skills, innovation, and relationships that employees and organizations develop over time.
Intellectual capital is generally divided into three categories:
1. Human Capital
Definition: This includes the skills, expertise, creativity, and experience that employees bring to an organization. It encompasses not just formal education, but also on-the-job training, problem-solving abilities, and the ability to innovate and adapt.
Examples: A software developer's coding expertise, a marketing team's strategic thinking, or a research scientist's specialized knowledge in their field.
2. Structural Capital
Definition: This represents the processes, patents, trademarks, proprietary software, and organizational culture that belong to the business and remain with it even when employees leave. It’s the infrastructure that supports human capital and enables the organization to function efficiently.
Examples: A company’s internal systems and databases, intellectual property like patents or trade secrets, and organizational processes that optimize workflow.
Complete Question
The valuable skills and knowledge that employees of a business possess are collectively called
A business assets
B tangible inventory
C outsourcing
D intellectual capital
Andrew quits his job as an accountant where he earns $60,000 per year to go back to school for two years to get an mba degree. he attends a school that charges $25,000 per year for tuition and related expenses. how much is the total cost (explicit cost plus opportunity cost) of that degree?
Answer:
Total cost = $ 50000+ $120000= $170000
Explanation:
For this case we know that the tuiton fee given $25000/year
Since he go back to school for two years the total explicit cost is given by:
Total explicit cost = $25000/year *2years = $50000
Since Andrew quits his job that represent an implicit cost that is given by:
Implicit Cost or Opportunity cost= $60000/year *2 years= $120000
And then we can find the total cost with this formula:
Total cost = Explicit cost + Opportunity cost
Total cost = $ 50000+ $120000= $170000
When trying to identify material that has been delivered by truck, one common difficulty you may encounter is that the?
Milken and boesky entered into a parking arrangement that was beneficial to both of them. this arrangement involved:
How does income inequality affect American taxpayers
In 2003, only 19 percent of high school students took classes that could earn them college credits (advanced placement or international baccalaureate courses). by 2013, that number had increased to _____ percent.
_______ is the stage of the product design process that turns the idea on paper into a prototype.
"The correct term for the stage of the product design process that turns the idea on paper into a prototype is Prototyping.
In the product design process, the prototyping stage is crucial as it involves creating a tangible model of the product based on the conceptual design. This prototype serves as a physical representation of the product and allows designers and stakeholders to explore, test, and refine the design before moving on to mass production. During prototyping, various aspects of the product, such as form, function, and user interaction, are evaluated and iterated upon to ensure that the final product meets the intended requirements and user needs."
According to altman & taylor, the degree of intimacy in a relationship depends on the
Jonathan pays $1.90 per pound for potatoes. he buys 8.3 pounds of potatoes. he determines that he will pay $15.77, before tax, for the potatoes. which best describes the reasonableness of jonathan's solution? jonathan's answer is reasonable because there are two decimal places in the factors and two in the product. jonathan's answer is unreasonable because there are three decimal places in the factors and two in the product. jonathan's answer is reasonable because is 16, and 16 is close to 15.77. jonathan's answer is unreasonable because is 8, and 8 is not very close to 15.77.
Answer:
jonathan’s answer is 16, and 16 is close to 15.77.
Explanation: