The future value of Karen and Mike's annual savings by insuring both cars with the same company would be $236.80 after 10 years, considering an annual interest rate of 4 percent and assuming a future value interest factor of 1.480.
The question asks for the future value of annual savings that Karen and Mike would realize if they insured both cars with the same company, thus saving 10 percent on their premiums. The future value is calculated over a period of 10 years with an annual interest rate of 4 percent.
First, to calculate the annual savings, we take 10 percent of the total current premiums paid by Karen and Mike:
Annual Savings = 0.10 * ($700 + $900) = $160
Next, to find the future value of these savings over 10 years at an annual interest rate of 4 percent, we use the future value interest factor (FVIF). The formula for FVIF is (1 + r)^n, where r is the interest rate and n is the number of periods (years in this case).
Using a future value interest factor table (exhibit 1-b assumed as reference) or a financial calculator, we calculate the factor for 4 percent over 10 years. Let's assume the factor is 1.480. The future value (FV) of the annual savings is then:
Future Value= Annual Savings * FVIF = $160 * 1.480
So the future value of the annual savings would be:
Future Value = $236.80
This amount is the value of the savings after 10 years, compounded annually at a 4 percent interest rate.
The settempvar action is in the ____ category of the action catalog.
_____ is an example of a benefit that is legally required and hence not optional.
The answer is unemployment insurance. The unemployment insurance is a type of insurance in which are deemed to be legal and a way of serving as a benefit for unemployed people who has lost the jobs that they used to have.
At what point does a firm maximize profit? the point at which marginal
A firm maximizes profit at the point at which marginal cost equals marginal revenue.
What is the importance of profit maximization?Profit maximization is a strategy that can promote effective and long-term business expansion. A company can weather an economic disaster and pay higher salaries and dividends to its stockholders when it has bigger earnings.
The additional money that results from raising the quantity is known as the marginal revenue. A corporation divides the change in its total revenue by the change in its total output quantity to determine its marginal revenue.
When marginal cost and marginal revenue are equal, your company's output level is at its highest. At this point, efficiency is at its peak and profits are at their highest point.
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zecola is a beverage manufacturer. it presents wyb, a zero-calorie drink to compete with we fresh's shire, a low-calorie drink. when wyb is released in the market, we fresh cuts down the price on shire to match wyb's price. this scenario is an example of a(n) _____.
Joe wants to buy a baseball bat for no more than $30; the sporting goods store in town sells bats for $50. what can we assume about joe's decision to buy a bat
We can assume that Joe did not purchase the bat. Joe values the price of a bat at $30 even though the sporting goods store in town sells it for $50. Due to Joe having a perceived value of the bat set at $30, he will likely wait to purchase a bat until he finds a bat that is priced at the price he is willing to pay.
The correct assumption about Joe's decision to buy a bat is that he will either look for a different store with a lower price, wait for a sale at the current store, or decide not to purchase the bat at all if he cannot find one within his budget of $30.
Joe could explore the following alternative strategies:
1. Look for sales or discounts at the sporting goods store.
2. Check other nearby sporting goods stores for lower-priced bats.
3. Consider buying a used bat from online marketplaces or local classifieds.
4. Explore borrowing or trading with friends or family who may have spare bats.
5. Wait for seasonal promotions or clearance sales to purchase the desired bat at a reduced price.
6. Explore purchasing a basic bat without additional features or brand name, which may be cheaper.
7. Consider online retailers or auction sites where bats may be available at lower prices.
8. Explore community sports programs or leagues where bats may be provided or available for loan.
Full question
What alternative strategies might Joe consider to obtain a baseball bat within his budget of $30 given the higher price of $50 at the local sporting goods store?
The fiscal 2016 financial statements of nike inc. shows net operating profit margin (nopm) of 11.4%, net operating asset turnover (noat) of 3.83, return on equity of 30.1%, and adjusted return on assets of 17.1%. what is the company's nonoperating return?
a. (13.6)%
b. 18.7%
c. (14.5)% d) 35.4% e) there is not enough information to calculate the ratio.
This is the third investigatory agency created, which fell under the department of treasury during its inception:
Based on the problems you have seen so far at gearon, what type of crm applications will be most helpful to the company?
The type of CRM applications that will be most helpful to the company is the analytical CRM.
Further ExplanationCRM stands for Customer Relationship Management. It is a discipline in business and technology that manages the ways a company handles its customer for the purpose of increasing revenue, profitability, customer satisfaction and retention. Another goal of CRM is to improve the company’s customer focus by analyzing different aspects of customer relationships which includes customer service, sales, and marketing.
CRM Applications is a form of information technology that automates and integrates departments in an organization that is customer-related such as sales, marketing and customer service so that they can provide quick and consistent service to their customers.
Types of Customer Relationship Management (CRM) applications
Operational CRM provides support to sales automation, marketing automation and service automation. It streamlines these business process in order to generate leads, convert leads into contacts, acquire all relevant details and to provide service for the whole lifecycle of the customer.
Analytical CRM provides support to top management, sales, marketing and customer support in analyzing the better way to serve customers by using the data generated by operational CRM. Through this data analysis, top management can take better decision, marketing team can determine effective campaign, sales can boost sales and customer support team can improve the quality of their support thus building strong customer relationship.
Collaborative CRM also called Strategic CRM. It enables an organization to work with different business units by sharing customer information. For example, inquiry from a customer service team could be useful for sales team to generate lead.
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Grocery stores use scanners not only for faster check-out times, but as a tool to obtain merchandise sales data and create short-term forecasts. this system is known as _______________ production.
In august 2016, richard purchased and placed in service an office building costing $753,000, including $134,000 for the land. the amount of depreciation richard may claim in 2016 is __________.
Shawn has $3 more than twice as much money as peter. if shawn has $10, how much money does peter have?
"parents with children list a gps system (28%) and a dvd player (28%) as "must have" accessories for a road trip.12 suppose a sample of n 1000 parents are randomly selected and asked what devices they would like to have for a family road trip. let ˆp be the proportion of parents in the sample who choose either a gps system or a dvd player"
Inventory costing methods—perpetual method chen sales corporation uses the perpetual inventory system. on january 1, 2015, chen had 1,000 units of product a with a unit cost of $20 per unit. a summary of purchases and sales during 2015 follows:
a) FIFO Method: COGS = $43,200, Ending Inventory = $59,200
b) LIFO Method: COGS = $60,600, Ending Inventory = $34,000
c) Weighted-Average Method: COGS = $100,968, Ending Inventory = $19,232
How did we get the values?
Compute the cost of goods sold (COGS) and ending inventory balance for each inventory costing method:
a) First-In, First-Out (FIFO) Method:
1. Calculate the cost of goods sold (COGS):
- 400 units sold at $20/unit (from beginning inventory): 400 * $20 = $8,000
- 1,600 units sold at $22/unit (from April 6 purchase): 1,600 * $22 = $35,200
Total COGS = $8,000 + $35,200 = $43,200
2. Calculate ending inventory:
- 400 units at $20/unit (remaining from Feb. 2 purchase)
- 800 units at $25/unit (from Aug. 9 purchase)
- 800 units at $29/unit (from Dec. 30 purchase)
Total ending inventory = (400 * $20) + (800 * $25) + (800 * $29) = $16,000 + $20,000 + $23,200 = $59,200
b) Last-In, First-Out (LIFO) Method:
1. Calculate the COGS:
- 1,400 units sold at $29/unit (from Dec. 30 purchase): 1,400 * $29 = $40,600
- 800 units sold at $25/unit (from Aug. 9 purchase): 800 * $25 = $20,000
Total COGS = $40,600 + $20,000 = $60,600
2. Calculate ending inventory:
- 600 units at $20/unit (remaining from Feb. 2 purchase)
- 1,000 units at $22/unit (from April 6 purchase)
Total ending inventory = (600 * $20) + (1,000 * $22) = $12,000 + $22,000 = $34,000
c) Weighted-Average Cost Method:
1. Calculate the weighted-average unit cost:
Total units available = beginning inventory + units purchased = 1,000 + 1,800 + 800 + 1,400 = 5,000 units
Total cost of units available = (1,000 * $20) + (1,800 * $22) + (800 * $25) + (1,400 * $29) = $20,000 + $39,600 + $20,000 + $40,600 = $120,200
Weighted-average unit cost = Total cost of units available / Total units available = $120,200 / 5,000 = $24.04 (rounded to two decimal places)
2. Calculate COGS:
- 4,200 units sold
COGS = 4,200 units * $24.04/unit = $100,968
3. Calculate ending inventory:
Total units in ending inventory = Total units available - Units sold = 5,000 - 4,200 = 800 units
Ending inventory value = 800 units * $24.04/unit = $19,232
So, the results are:
a) FIFO Method: COGS = $43,200, Ending Inventory = $59,200
b) LIFO Method: COGS = $60,600, Ending Inventory = $34,000
c) Weighted-Average Method: COGS = $100,968, Ending Inventory = $19,232
Complete question:
Inventory Costing Methods-Perpetual Method Chen Sales Corporation uses the perpetual inventory system. On January 1, 2015, Chen had 1,000 units of product A with a unit cost of $20 per unit. A summary of purchases and sales during 2015 follows:
Date | Unit cost | Units purchased | unit sold
Feb.2 | | | 400
Apr.6 | $22 | 1,800 |
july.10 | | | 1,600
Aug.9 | 25 | 800 |
Oct.23 | | | 800
Dec.30 | 29 |1,400 |
Required
a)Assume that Chen uses the first-in, first out method. Compute the cost of goods sold for 2015 and the ending inventory balance at December 31, 2015, for product A.
b) Assume that Chen uses the last-in, first-out method. Compute the cost of goods sold for 2015 and the ending inventory balance at December 31, 2015, for product A.
c)Assume that Chen uses the weighted-average cost method. Compute the cost of goods sold for 2015 and the ending inventory balance at December 31, 2015, for product A.
Do not round until your final answers. Round to the nearest dollar.
The health information management department plans to install an automated tumor registry, and the vendor documentation is very, very lengthy giving instructions on how to work the system. all tumor registry staff thinks a "cheat sheet" or 1- to 2-page instruction summary should be written for ease of reference and increased data quality. who should develop this reference?
The correct answer is that the tumor registry staff should develop the reference "cheat sheet."
The tumor registry staff are the end-users of the automated tumor registry system and will be utilizing it on a daily basis. They are the ones who are most familiar with the specific tasks and information that they need quick access to. By creating the "cheat sheet" themselves, they can ensure that it includes all the necessary information in a concise and easily accessible format tailored to their workflow. This will not only help in increasing data quality but also in streamlining their daily tasks by providing a quick reference guide. Additionally, involving the staff in the development process will empower them and increase their familiarity and comfort with the new system, which can be crucial for successful implementation and adoption. It is also important that the staff who will be using the "cheat sheet" are involved in its creation to ensure that it meets their needs and preferences, which can vary depending on their specific roles and responsibilities within the tumor registry.
Keeping $20 in currency to be able to buy gasoline, money is performing which function? unit of account symbol of fiat medium of exchange barter mechanism store of value
What process was used to make the shang dynasty ritual wine vessel (3.3?
Suppose you are in charge of sales at a pharmaceutical company, and your firm has a new drug that causes bald men to grow hair. assume that the company wants to earn as much revenue as possible from this drug. if the elasticity of demand for your company's product at the current price is 1.4, what would you advise the company to do?
If you invest $2,000 today for three years at 5% interest paid annually, you will earn a total of $_____ in interest. assume you re-invest all interest.
By investing $2,000 at a 5% annual interest rate compounded annually for 3 years, the total interest earned would be $315.25, assuming all interest is reinvested.
If you invest $2,000 today for three years at 5% interest paid annually and re-invest all interest, we can use the formula for compound interest to calculate the total interest earned over the investment period. The compound interest formula is A = P(1 + r/n)(nt), where A is the amount of money accumulated after n years, including interest, P is the principal amount (initial investment), r is the annual interest rate (decimal), n is the number of times that interest is compounded per year, and t is the number of years the money is invested for.
Let's calculate the total amount first:
P = $2,000r = 0.05 (5% annual interest rate)n = 1 (interest is compounded annually)t = 3 yearsA = $2,000(1 + 0.05/1)(1×3)
A = $2,000(1 + 0.05)3
A = $2,000(1.05)3
A = $2,000(1.157625)
A = $2,315.25
The total amount after 3 years is $2,315.25. The total interest earned is the difference between the final amount and the initial investment:
Total interest = A - P
Total interest = $2,315.25 - $2,000
Total interest = $315.25
So, if you invest $2,000 today for three years at 5% interest paid annually, you will earn a total of $315.25 in interest, assuming you re-invest all interest.
Mario sees popcorn and pretzels as perfect substitutes. he is always willing to substitute 3 cups of popcorn for 1 cup of pretzels. if the price of a cup of popcorn equals the price of a cup of pretzels, mario will eat:
If the price of a cup of popcorn is equals with prize of cup of pretzels, Mario will likely buy and eat only the pretzels as the popcorn is already in equal with the pretzels in which he can now buy the pretzels without having to substitute it with the popcorn, making him eat and brought the pretzels.
If you write a check for $4,000 to buy a car when you have only $57.18 in your checking account (and no overdraft protection), what is likely to happen
Answer:
The correct answer is: the check will not clear.
Explanation:
Overdraft protection is a credit given to customers to be able to process transactions even if their account balance is zero or falls behind zero. Every time the account holder has a negative balance and processes a payment the bank will charge an overdraft fee to the account. Overdraft protection could lead to potential debts for customers.
In that case, if someone writes a check for $4,000 while having only $57.18 in a checking account with no overdraft protection, the check will not clear.
Suppose touchtech, a hand-held computing firm, is selling bonds to raise money for a new lab—a practice known as finance. buying a bond issued by touchtech would give sean the firm. in the event that touchtech runs into financial difficulty, will be paid first.
Which is the best option for someone who wants to improve his or her credit and pay less interest on the debt? $15 a month because it will let the person keep more spending money $100 a month because it will free up credit to buy other things $15 a month because it will save money in the long run $100 a month because it will reduce the amount of debt owed
$100 a month because it will reduce the amount of debt owed
That part of the deficit that results from a downturn in economic activity is called the __________ deficit.
Every year, shutterstock hosts an annual hackathon in which employees are given the opportunity to imagine, design, and implement an idea they think can provide value to the company, and shutterstock awards prizes to the best ideas in different categories. this is an example of _______.
Suppose that $4000 is deposited in an account that earns 5% interest. how much is in the account:
Under normal conditions (75% probability), financing plan a will produce $25,000 higher return than plan
b. under tight money conditions (25% probability), plan a will produce $32,000 less than plan
b. what is the expected value of returns?
The expected value of the returns for financing plan A relative to plan B, considering both the normal and tight money conditions, is $10,750.
To calculate the expected value of the returns for financing plans A and B under different conditions with their associated probabilities, you can apply the formula for expected value:
Expected Value = (Probability of Outcome 1 times Value of Outcome 1) + (Probability of Outcome 2 times Value of Outcome 2)
For plan A:
Under normal conditions (75% probability), the return is $25,000 higher than plan B.
Under tight money conditions (25% probability), the return is $32,000 less than plan B.
The expected value for plan A's returns relative to plan B is:
(0.75 times $25,000) + (0.25 times -$32,000) = $18,750 - $8,000 = $10,750
Thus, the expected value of financing plan A relative to plan B is $10,750.
Which of the following is NOT one of the responsibilities of the Federal Reserve?
Maintaining a stable banking system is not one of the responsibilities of the Federal Reserve. The Federal Reserve controls the U.S. budget, starting with the U.S. Central Bank. They have three key entities: the Federal Reserve Board of Governors, the 12 Federal Reserve Banks and Federal open market committee. The last, is they are incharge of maintaining 5 key functions within the Federal Reserve.
Select the best definition of labor productivity:
The amount of output and the amount of labor required to achieve that output are compared to determine labor productivity, which is a gauge of economic performance.
By dividing the total output produced during a certain time period by the total number of employees, one can measure labour productivity. Increases in worker productivity, which may be summed up as how efficiently we do tasks, are the source of long-term, sustained economic performance. The amount of value an employee produces for every unit of their input is known as labor productivity.
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A make-to-order operation would be primarily concerned with:
PEMDAS
P- Parenthesis
E-Exponents
M-Multiply
D-Divide
A-Add
S-Subtracting
Hope it helped you.
-Charlie
With regard to cleaning house, which is an example of extrinsic motivation?