Answer:
Explanation:
100shares*$49*0.6= 4900*0.6=$2940
0.3=(100*Price-2940)/100*Price
30Price=100Price-2940
70Price=2940
Price=$42
The lowest stock price at which Marti would receive a margin call is $75.
Explanation:To calculate the lowest stock price at which Marti would receive a margin call, we need to consider the initial margin requirement and the maintenance margin. The initial margin requirement is the minimum amount that Marti must contribute to purchase the stock on margin, which is 60% of the stock price. In this case, the initial margin would be 0.6 * $49 = $29.40 per share. The maintenance margin is the minimum level of equity that Marti must maintain in the account, which is 30% of the stock price. If the equity in Marti's account falls below the maintenance margin, the broker will issue a margin call. Considering this, let's calculate the lowest stock price:
Therefore, the lowest the stock price can go before Marti receives a margin call is $75.
You are the newly assigned project manager for the James Madison construction project. To what document should you look for authority to manage the project?
Answer:
The project Charter.
Explanation:
A project charter is a structured, generally short documents that outlines the project as a whole — including what the goals are, how it will be implemented, and who are the stakeholders. It is a crucial ingredient of project planning, since it is used throughout the life cycle of the project.
Final answer:
You should look to the Project Charter for authority to manage the James Madison construction project as the newly assigned project manager.
Explanation:
As the project manager for the James Madison construction project, you should look to the Project Charter for authority to manage the project. The Project Charter is an essential document that establishes the project's objectives, scope, stakeholders, and overall management approach.
The Project Charter provides the project manager with the necessary authority by outlining their responsibilities, decision-making power, and access to resources. It serves as a contract between the project manager and the project sponsor, ensuring clear expectations and support for the successful execution of the project.
By referring to the Project Charter, you can define your role, gain clarity on your authority, and align your actions with the project's goals and objectives.
It’s the year 2150, and the human race has established a new country on Mars. After a dispute about water rationing, a war begins, and the president of the United States declares that the United States will no longer be selling goods or services to the new country on Mars.In this scenario, the President has issued a/an_______________.
Answer:
Executive order
Explanation:
Executive order - it is referred to order that can only be issued by the president of the United States to the executive body of the state.
it is Refer to official order directly issued by the president to prevent or allow doing something.
As it is mentioned in the information in the given question, in 2150, when people are having a war for water on the new country of Mars, then president of America issued an executive order to notify every executive body not to sell any good and service to a new country of mars
Pear Tree Electronics is a large conglomerate that operates in 17 different countries. The corporate executives at the headquarters have decided that the company's objective for the next two years will be to increase its customer equity, or the value of potential future revenues generated by all its customers in a lifetime. Based on this guideline received from the top management team, the product leader of the home audio division has decided to adopt a cost-leadership strategy in all his 17 units. Thus, the decision made by the product leader best illustrates a _______ strategy.
Answer: Business strategy
Explanation:
The business strategy is one of the type of systematic process for analyzing the main goals of an organization by making a summarized report based on the actual expectations of the consumers.
The importance of the business strategy is that it helps in achieving the main goals of the company and also sustain the various types of competitive benefits in the market.
According to the given question, the given product leader given situation best illustrate the business strategy in order to achieving the various types of goals and the superior performance in an organization.
Therefore, Business strategy is the correct answer.
The product leader's decision to adopt a cost-leadership strategy across multiple international units represents a global standardization strategy, focusing on economies of scale and competitive pricing to increase customer equity. This decision aligns with Michael Porter's cost leadership strategy, which aims to compete by keeping costs below those of competitors while operating in a broad market.
Based on the guideline from top management to increase customer equity and the product leader's decision to adopt a cost-leadership strategy in all 17 units of the home audio division, the decision made by the product leader best illustrates a global standardization strategy. This type of strategic approach implies that the product leader is aiming to exploit the economies of scale and produce a standardized product that delivers value to the customer primarily through its competitive pricing across different markets. The global standardization strategy is generally contrasted with strategies that focus more on adaptation to local markets or that balance cost efficiencies with product differentiation.
Michael Porter's concepts differentiate between a cost leadership strategy, which focuses on minimizing costs and price to compete in the market, and a product differentiation strategy, which focuses on creating unique products that can command a premium price. The product leader's choice of a cost-leadership approach aligns with Porter's recommendations for pursuing aggressive programs to manage costs for competitive advantage while operating in a broad market as opposed to a niche segment, known as a focus strategy.
Moreover, firms practicing a cost leadership strategy like Pear Tree Electronics must be vigilant in maintaining low costs while offering products that meet minimum market standards. This strategy aligns well with the desire to expand customer equity, as it aims to attract price-sensitive customers and secure a large market share through competitive pricing.
Knowledge about how the world works that is used to produce goods and services is: Please choose the correct answer from the following choices, and then select the submit answer button.
Answer:
Hi
The factors of production are the basic elements to produce goods and services to meet our needs. They can be nature, work and capital, but currently, it considers that there are five productive factors, since the three already mentioned have been added, the human knowledge that is incorporated into the work and technology factor, which is incorporated into the capital.
- Natural resources. They are those that are available in nature and are used as raw material (minerals, trees, plants) or as a source of energy (water, oil, wind) in the production of goods.
- Capital. It is the financial resources, such as money, that must be invested in the production of new goods or services. Material resources are also counted as part of the capital factor, it is the set of material goods created by people and used to produce goods or services.
- Job. Most important productive factor and refers to the physical and intellectual effort developed by people, with the objective of intervening in the productive activity. Its effort, its educational level, its technical training and professionalism, as well as its values are essential for the quality of the production process and the success of a company.
Explanation:
When a firm seeks to match the benefits of a successful position while maintaining its existing position (for example, an automobile manufacturer wants to occupy both the luxury-car segment and the performance-car segment at the same time). This is an example of: Sustainability. Trade-offs. Order qualifiers. Straddling.
Answer:
Straddling
Explanation:
The straddling refers to the comparison between the benefits which is come from the successful position and in the existing position.
It is matching the positions so that its pron and cons could be known plus it also maintains the level of an existing position so that it could make proper analyzes based on this, proper steps could be carried out. In short, it works with the two levels at the same time.
According to the given scenario, the most appropriate option is straddling that matches with the current situation.
Envoy Co. manufactures and sells household products. Envoy experienced losses associated with its small appliance group. The small appliance group represents a major line of Envoy’s business. Envoy plans to sell the small appliance group with its operations. What is the earliest point at which Envoy should report the small appliance group as a discontinued operation?
Answer:
Since it is case in Envoy that the small alliance group is a distinguishable separate business, the reporting as discontinued operation can be done in the current year
Explanation:
The small appliance group represents a major line of Envoy’s that is planned for sale with its operations, the earliest point at which Envoy should report the small appliance group as a discontinued operation is the same year it was decided that the operations of the small appliance group will be discontinued.
The conditions stated under the International Financial Reporting Standard is that ''First, the asset or business component must be disposed of or reported as being held for sale. Second, the component must be distinguishable as a separate business that is being removed from operation intentionally''
Since it is case in Envoy that the small alliance group is a distinguishable separate business, the reporting as discontinued operation can be done in the current year
A bank account earned 2% annual interest, compounded daily, for as long as the balance was under $1,000, starting when the account was opened. Once the balance reached $1,000, the account earned 2.5% annual interest, compounded daily until the account was closed. No deposits or withdrawals were made. Was the total amount of interest earned at the 2% rate greater than the total amount earned at the 2.5% rate?
Answer:
Yes, it was larger, since the total interest earned at the 2% was $39.43
Explanation:
If the account was open for only 3 years, and it earned $25 in interest at the 2.5% rate:
Interest earned = principal x (1 + r)ⁿ - principal
25 = 1,000 x (1 + 0.025/365)ⁿ - 1,000
1,025 = 1,000 x (1 + 0.025/365)ⁿ
(1 + 0.025/365)ⁿ = 1,025 / 1,000 = 1.025
1.00006849ⁿ = 1.025
n = 361 days
this means that it took exactly 734 days for the account to reach $1,000, and the most an account with a $1,000 balance can earn with an interest rate of 2% is $20.20. That means that the account's initial balance must have been $960.57.
If the initial balance was $960.57, during the 734 days it earned $39.43, which is larger than $25.
Mr. and Mrs. Atoll are planning a party for 10 people and want to make sure they have enough soda for everyone to have two bottles. Which of the following makes the most economic sense?1. 20 bottles of soda at $1.50 each2. 4 six-packs of soda at $5.00 each3. one case of 24 sodas at $18.504. two cases of 24 sodas at $18.50 each
Answer:
3. one case of 24 sodas @ $ 18.50
Explanation:
The question requires that the hosts need to have enough to have two sodas each. The number of guests being 10, the requirement is to have 20 sodas.
Now comparing the various pack sizes available:
1. 20 sodas $ 1.50 per bottle, Total cost $ 30, per serving cost $1.50
2. 4 6 packs @ $ 5 each. Total cost $20, Per serving cost $0.83
3. 24 soda case @ $18.5. Total cost $ 18.50, Per Serving costs $ 0.77
4, 2 x 24 soda cases @ 18.50. Total Cost $ 37.00 Per serving costs $ 0.77
The per serving costs are the same in 3 & 4 above, however, since the requirement is to have 20 sodas and the overall costs as well as the per serving costs is the best in option 3, this is the preferred option.
Answer:
C one case of 24 sodas at $18.50
Explanation:
Thrush Corporation, a calendar-year C corporation, files it's 2018 Form 1120, which reports taxable income of $200,000 for the year. The corporation's tax is $61,250. What is the tax liability for Thrush?
Answer:
Thrush tax liability is $61,250
Explanation:
Tax liability is the amount of tax payable to tax authority from the income earned after all allowable expenses have been deducted.
Effectively, Thrush has bee charged 30.6%( corporation tax rate) on his taxable income .
Which of the following is true if the volume of sales increases (within a relevant range)? total variable cost increases total fixed cost increases total fixed cost decreases total variable cost decreases
Answer:
total variable cost increases
Explanation:
Variable cost refers to the expenses that change with production volume. There is a direct relationship between variable costs and the level of production. An increase in the output level will result in a rise in variable costs. For sales volume to increase, the output level must have been high.
A high production level is necessary to support a high sales volume. Examples of variable costs are packaging and raw materials. A high output level will require the use of a large volume of raw materials, hence higher costs. Fixed cost contrast variable costs, as they do not change with varying output.
If the bank you own has no excess reserves and a sound customer comes in asking for a loan, should you automatically turn the customer down, explaining that you don't have any excess reservesLOADING... to lend out? Why or why not? What options are available for you to provide the funds your customer needs?
Answer:
No.
Explanation:
Based on the information provided within the question it can be said that in this scenario you should Not turn down the customer. Mainly because the funds/reserves needed can be acquired in a variety of ways. Such options include borrowing at the discount window, borrowing at the federal funds market, or even issuing negotiable CD's. Therefore since there are options for providing the funds the customer needs, then the customer should not be rejected.
Brown Co. pays weekly salaries of $10,500 on Friday for a five-day work week ending on that day. Assuming the end of the accounting period ends on Wednesday, the adjusting journal entry will include a:_______.
Answer:
Explanation:
The adjusting entry is shown below:
Wages Expense A/c Dr $6,300
To Wages payable A/c $6,300
(Being the wages are adjusted)
The computation is shown below:
= Five days salaries ÷ number of days in a week × given days
= $10,500 ÷ 5 days × 3 days
= $6,300
So, the wages expense is debited for $6,300 and wages payable is credited for $6,300
To create an adjusting journal entry for salaries in an incomplete work week, we calculate the daily salary rate and multiply it by the number of days in the accounting period. For Brown Co., this results in a debit to the Salaries Expense account and a credit to the Salaries Payable account for $6,300, which reflects the salary expense for three days ending on Wednesday.
Explanation:The student has asked a business-related accounting question about creating an adjusting journal entry for salaries in an incomplete work week. Brown Co. pays weekly salaries of $10,500 on Friday, which corresponds to a five-day work week that ends on that same day. However, if the accounting period ends on Wednesday, we need to adjust for the three days of salary that are attributable to this accounting period.
To calculate the salary that needs to be accounted for in this period, we divide the total weekly salary by the number of workdays in the week. This gives us the daily salary rate: $10,500 / 5 days = $2,100 per day. Since the accounting period ends on Wednesday, we have worked three days of the week: Monday, Tuesday, and Wednesday. Therefore, the salary expense that pertains to this accounting period is 3 days x $2,100/day = $6,300.
The adjusting journal entry would then include a debit to the Salaries Expense account for $6,300, and a credit to the Salaries Payable account for the same amount. This entry recognizes the expense incurred during the current accounting period and creates a liability for the amount due to the employees at the end of the period.
Competition between manufacturer brands and private distributor brands is becoming more intense in several major categories. True or False?
Answer:
TRUE
Explanation:
Competition between the brands of production and private distributors in several important categories becomes more and more acute.
A private label is a commodity that is created specifically for a store. The supplier will commercialize the brand under its own brand name. product rates are usually set at a lower cost than conflicting brand names. Consumers frequently believe that private brands are of lower quality, but that perception changes.will mark BRILLIANT !!! Over the past few decades, what has been shown about school readiness programs? A . They are too challenging and should be redesigned.
B. They have a positive impact on the pre-kindergarten child.
C. They promote anxiety because children are too young to be away from home.
D. They teach children more about functioning in a social institution than elementary school.
They have a positive impact on the pre-kindergarten child.
Explanation:
During 1999 Florida interacted more closely with the readiness of students when implementing the School Readiness Act.
Childcare Center Director , in charge of a public or private school, an after-school, school readiness, pre-K, neighborhood center or other early childhood programs
The objective of the redevelopment of early childhood education through the School Readiness Act was to make young children better students.
The school readiness program assists pre-school children in their social and behavioral preparation to enter school.
What type of cost is incurred when a project must be conducted faster than normal, and overtime for workers and / or extra charges for rapid delivery from suppliers are necessary?
Answer:
Expedited costs
Explanation:
Expedited costs is the cost or an expense which is defined as the extra cost or an additional cost like higher early prices, overtime and express freight. This cost is incurred in order to fast the tracking replacement or repairs of the damaged assets or lost assets. These kinds of the expenses are not covered under the normal fire insurance policy until specifically included.
Therefore, the expedited cost is incurred when the project need to be performed faster than usual and the overtime for the workers as well as the additional charges are paid for fast delivery from suppliers.
Raj opens up a lemonade stand for two hours. He spends $10 for ingredients and sells $60 worth of lemonade. In the same two hours, he could have mowed his neighbor’s lawn for $40. Raj has an accounting profit of________ and an economic profit of____________ .
Answer:
Accounting profit = $50
Economic profit = $10
Explanation:
Accounting profit = Revenue - Explicit cost
$60 - $10 = $50
Economic profit = Accounting profit - Opportunity cost
$50 - $40 = $10
I hope my answer helps you
As the strategic manager of CutRite Scissors, you are tasked with producing a strategy forintroducing a new line of premium scissors. Your competitor produces a line of similar scissors at acost of $1 and sells them for $12. Because your company has inferior production capabilities, yourscissors will cost $3 each to produce. However, your handle is proven to be more comfortable thanyour competitors'. Assuming you are guaranteed to sell the same number of units as yourcompetitor, which of the following strategies is most likely to achieve a competitive advantage?
a. Reduce the quality of materials used in CutRite scissors to bring unit costs down to $1, thensell the scissors for $12.
b. Continue to produce CutRite scissors for $3 but set the price at $10.
c. Offer a buy-one-get-one-free sale on CutRite scissors.
d. Market CutRite scissors as a higher-quality alternative and sell them for $15.
Answer:
d. Market CutRite scissors as a higher-quality alternative and sell them for $15.
Explanation:
Remember, competitive advantage means been in a favorable or superior position as a company.
Note that, from the question irrespective of the price, CutRite Scissors will sell the same number of units as their competitor.
Therefore, marketing CutRite scissors as a higher-quality alternative and sell them for $15.
The scatter plot shows the relationship between the weekly total sales ($) and the number of different rug designs a rug store has. Based on this relationship, use the line of best fit to predict what the total sales will be when the store has 110 different rug designs.
a. $31,000
b. $38,000
c. $0
d. $35,000
Answer:Answer is D $35,000
Explanation: I've attached the screenshot of the scatter plot and according to line of best fir the total sales will be $35000 when the store has 110 different rugs. If you go Vertical from X axis at 110 the intersecting point with line of best fit is at $35000 on Y axis.
Answer:There will be reduction in the sales volume of the 110 stores.
Explanation:It is obvious to state that fewer stores will attract higher demand or sales.The introduction of additional 106 stores will create a strong competition leading to an even or homogenous sales by all the stores.
It also stand to reason that, since all the stores have different rug design,some stores might make a little higher sales than other by insignificant margins.Concentrated and fewer stores have more sales tendencies than more decentralized stores.
Amy recently opened a business and realizes that she needs assistance with the multiple projects that her business is completing. Amy hires an accountant to manage all financial aspects of her projects. Which project management facilitating function is Amy practicing?a. communication
b. human resource
c. procurement
d. risk
Answer:
The correct answer is B
Explanation:
Human resources are the one which is used for both the department who is responsible for managing the resources in relation to the employees and the people who work for the company or firm.
It is umbrella, the term which is used to define the development as well as the management of the employees in the business or firm.
So, Amy opened a business, for that she needs assistance with the projects so require to have the human resource management facilitating function, which she is practicing.
Under Regulation T, an extension request that is granted by FINRA typically gives a customer how many additional business days to pay for a securities purchase?
A. 3 days
B. 7 days
C. 10 days
D. 90 days
Answer:
The best answer is 3 day which is A
Explanation:
Let us define what a FINRA is: This abbreviation typicaaly stands for Financial Industry Regulatory Agency in th e united states.
FINRA represents a private establishment that works in the capacity of a self-regulatory organization. They are in the business of maintaining sanity, integrity and responsiveness in the financial industry.
The Regulation T provide for the possibility of extensions of credit by broker-dealers to investors when they have not promptly paid for a securities transaction.
Specifically, Regulation T gives an investor a maximum of 4 business days to pay for securities purchased in a cash or margin account. If payment due exceeds $1,000 and is not received by the end of this time period, the broker-dealer must either liquidate the position or apply for and receive an extension from its designated examining authority, such as FINRA.
SEC Rule 15c3-3 pertains to a customer's obligations when securities are sold, other than short sales.The rule requires that if a security sold long has not been delivered within 10 business days after the settlement date, the broker-dealer must either buy the customer in, or apply for and receive an extension from its designated examining authority.
A large corporation that runs nursing homes estimates that changes to Medicare will result in lower payments by Medicare to nursing homes for short-term stays by patients that require therapy or care upon leaving hospitals. Assume the corporation is considering expanding the number of "Beds" it offers at its nursing homes.Given the changes to Medicare, if the marginal benefit of offering an additional bed is $5,000 and the marginal cost is $6,000 per bed, then the corporation __________ (should / should not) offer additional beds.
Answer:
Should not
Explanation:
From the question, marginal cost exceeds the marginal benefit to be derived from the addition of beds.
Thus MC > MB
This means that it will cost the Corporation more to expand the number of beds than the benefits that they will derive from adding this feature. This shows that they are better off avoiding the addition of beds as this would make them to run at a loss. Hence, they should not offer additional beds.
Mosh, a sole proprietor, uses the cash basis of accounting. At the beginning of the current year, accounts receivable were $25,000. During the year, Mosh collected $100,000 from customers. At the end of the year, accounts receivable were $15,000. What was Mosh's gross taxable income for the current year?a. $110,000b. $100,000c. $90,000d. $75,000
Answer:
b. $100,000
Explanation:
Provided information
Beginning balance of account receivable = $25,000
Collection from customers = $100,000
Ending balance of account receivable = $15,000
Since we have to find out the gross taxable income, so we considered only the collection from customers as this is the amount which is received and therefore, it has come under the gross taxable income i.e $100,000.
Robert is a single taxpayer who has AGI of $145,000 in 2019; his taxable income is $122,000. What is his federal tax liability for 2019? a. $18,719.00 b. $9,480.00 c. $23,569.50 d. $23,454.50 e. $29,280.00
Answer:
His tax liability for 2019 (due April 2020) is $23,359.50
Explanation:
Since Robert s a single filer, he falls under the fourth tax bracket: income between $84,201 to $160,725. His marginal tax rate is 24%, and his total taxes due are as following:
tax rate earnings taxes due
10% $0 – $9,875 $987,50
12% $9,875 – $40,125 $3,630
22% $40,126 – $85,525 $9,988
24% $85,526 – $122,000 $8,754
total $23,359.50
*Option C is the closest one, but it used the 2018 tax brackets, not the 2019.
Robert's total tax liability based on his $122,000 taxable income in the year 2019 is $23,454.50. This is calculated using the tax brackets for 2019 for a single individual.
Explanation:To calculate Robert's federal tax liability for 2019, we need to refer to the 2019 tax brackets since his income falls within these parameters.
The 2019 tax brackets for a single individual are as follows: 10% on income up to $9,700; 12% on income over $9,700 to $39,475; 22% on income over $39,475 to $84,200; 24% on income over $84,200 to $160,725; 32% on income over $160,725 to $204,100; 35% on income over $204,100 to $510,300; and 37% on income over $510,300.
In this case, Robert's taxable income is $122,000. So, his tax calculation would be as follows:
1. 10% on the first $9,700: $970
2. 12% on income over $9,700 to $39,475 ($29,775): $3,573
3. 22% on income over $39,475 to $84,200 ($44,725): $9,839.50
4. 24% on income over $84,200 to $122,000 ($37,800): $9,072
Adding all these amounts up, we get a total tax liability of $23,454.50.
Thus, the correct answer is d. $23,454.50.
Learn more about Tax Liability here:https://brainly.com/question/31965060
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Many catalog companies create special-run issues based on what customers have purchased in the past. For example, customers who frequently order bedding items like sheets and pillows receive a catalog with a larger section of bedding items than do customers who mostly order kitchen tools. This is an example of________________.
a. customer relationship management. Correctb. a transactional marketing orientation.c. C2C marketing.d. supply chain management.e. typical production-oriented era marketing practices.
Answer:
A. Customer Relationship Management
Explanation:
Customer Relationship Management represents an organisation's way of managing its interaction with customers both potential and current consumers of their products.
Specifically, CRM makes use of information obtained from the dealings of customers' with the business such as products purchased as well as quantity of purchase among others to determine how to improve the communication and relationship with them.
The catalog is part of the CRM measures. The catalog's customization is therefore based on the perceived habit or needs of the customer based on the history of the customer's purchases in the past.
As a graduating senior, Chun Kumora of Manhattan, Kansas, is eager to enter the job market at an anticipated annual salary of $54,000. Assuming an average inflation rate of 3 percent and an equal cost-of-living raise, what will his salary possibly become in ten years? In 20 years? (Hint: Use Appendix A.1.) To make real economic progress, how much of a raise (in dollars) does Chun need to receive next year and the year after?
Answer:
a. Chun Kumora's salary in ten years=$72,571.48
b. Chun Kumora's salary in twenty years=$97,530.01
c. Amount of raise Chun needs to receive next year=$1,620
d. Amount of raise Chun needs to receive the year after=$3,288.60
Explanation:
When choosing a career, there are various factors that need to be considered. One such factor is the salary. The expected salary should match with the salary average salary in the market. In our case, the annual salary is expected to be $54,000, but in order to estimate future salary requirements, the inflation rate has to be considered since the value of money reduces with time. Lets solve Chun Kumora's case as follows;
a. Salary in ten Years
The future value of the $54,000 salary in ten years while accounting for inflation can be expressed as;
F.V=P.V(1+r)^n
where;
F.V=future value
P.V=present value
r=inflation rate
n=number of years
In our case;
F.V=unknown, yet to be determined
P.V=$54,000
r=3%=3/100=0.03
n=10 years
replacing;
F.V=54,000(1+0.03)^10
F.V=54,000(1.03)^10
F.V=$72,571.48
Chun Kumora's salary in ten years=$72,571.48
b. Salary in twenty Years
The future value of the $54,000 salary in twenty years while accounting for inflation can be expressed as;
F.V=P.V(1+r)^n
where;
F.V=future value
P.V=present value
r=inflation rate
n=number of years
In our case;
F.V=unknown, yet to be determined
P.V=$54,000
r=3%=3/100=0.03
n=20 years
replacing;
F.V=54,000(1+0.03)^20
F.V=54,000(1.03)^20
F.V=$97,530.01
Chun Kumora's salary in twenty years=$97,530.01
c.
Amount of raise Chun needs to receive next year;
In our case;
F.V=unknown, yet to be determined
P.V=$54,000
r=3%=3/100=0.03
n=1 year
replacing;
F.V=54,000(1+0.03)^1
F.V=54,000(1.03)^1
F.V=$55,620
Raise=Amount next year-current amount
where;
Amount next year=$55,620
current amount=$54,000
replacing;
Raise=56,620-54,000=$1,620
d.
Amount of raise Chun needs to receive the year after;
In our case;
F.V=unknown, yet to be determined
P.V=$54,000
r=3%=3/100=0.03
n=2 year
replacing;
F.V=54,000(1+0.03)^2
F.V=54,000(1.03)^2
F.V=$57,288.60
Raise=Amount next year-current amount
where;
Amount next year=$57,288.60
current amount=$54,000
replacing;
Raise=$57,288.60-54,000=$3,288.60
Chun's salary in 10 years could potentially become $72,597, Chun's salary in 20 years could potentially become $97,715 and To maintain his purchasing power, Chun needs to receive a raise of $1,620 next year and $1,620 the year after, to keep pace with the 3% inflation rate.
The formula for future value with inflation:
[tex]\[ \text{Future Value} = \text{Present Value} \times (1 + \text{Inflation Rate})^{\text{Number of Years}} \][/tex]
alary in 10 years:
[tex]\[ \text{Future Salary in 10 years} = 54,000 \times (1 + 0.03)^{10} \][/tex]
[tex]\[ \text{Future Salary in 10 years} = 54,000 \times (1.03)^{10} \][/tex]
[tex]\[ \text{Future Salary in 10 years} \approx 54,000 \times 1.3439 \][/tex]
[tex]\[ \text{Future Salary in 10 years} \approx \$72,597 \][/tex]
Salary in 20 years:
[tex]\[ \text{Future Salary in 20 years} = 54,000 \times (1 + 0.03)^{20} \][/tex]
[tex]\[ \text{Future Salary in 20 years} = 54,000 \times (1.03)^{20} \][/tex]
[tex]\[ \text{Future Salary in 20 years} \approx 54,000 \times 1.8061 \][/tex]
[tex]\[ \text{Future Salary in 20 years} \approx \$97,715 \][/tex]
Required Cost-of-Living Raise:
To maintain Chun's purchasing power (in real terms, adjusting for inflation), he needs to receive a raise that matches or exceeds the inflation rate each year.
Next Year's Raise:
The raise Chun needs next year to keep up with inflation can be calculated as:
[tex]\[ \text{Raise Next Year} = 54,000 \times 0.03 \][/tex]
[tex]\[ \text{Raise Next Year} = \$1,620 \][/tex]
Following Year's Raise:
Similarly, the raise Chun needs the year after would also be:
[tex]\[ \text{Raise Following Year} = 54,000 \times 0.03 \][/tex]
[tex]\[ \text{Raise Following Year} = \$1,620 \][/tex]
Which of the following options has drastically reduced the costs of operating and transacting on a global scale?
A. Internet
B. Social network
C. Intranet
D. Extranet
E. Value network
Answer: Internet.
Explanation:
The internet is an interconnecting platform, where computer users from different locations around the world can easily share information and communicate among themselves. The internet has reduced the cost of doing business, because a person does not need to be physically present to transact business, as most transactions can now be completed over the internet.
What is the monthly payment on a 20 year mortgage (rounded to the nearest dollar) with end of month payments when the annual interest rate is 8%, and we are borrowing $300,000?
Answer:
PMT = $30555.68
Explanation:
given data
time = 20 year
annual interest rate = 8%
borrowing = $300,000
solution
we first get here Present Value Interest Factor of Annuity that is
Present Value Interest Factor of Annuity = [tex]\frac{1-(1+r)^{-t}}{r}[/tex] ..............1
here r is rate and t is time
Present Value Interest Factor of Annuity = [tex]\frac{1-(1+0.08)^{-20}}{0.08}[/tex]
Present Value Interest Factor of Annuity = 9.81814
so here PMT = [tex]\frac{borrow\ amount}{present\ value\ interest\ factor}[/tex]
PMT = [tex]\frac{300000}{9.81814}[/tex]
PMT = $30555.68
Which of the following demonstrates the going concern concept?a) AQG Industries sold $20,000 of product on credit to SSA Manufacturing. SSA did not pay on time. AQG decides that it is fruitless to pursue collection so they write off the receivable from SSA.b) Gail's Garments has been in business for 20 years and during that period the company has gained a good reputation. Gail would like the Controller to acknowledge the value of that reputation by including it as an asset worth $100,000 but the controller says she cannot do it.c) AQG Industries purchases $20,000 of product on credit from RSI Manufacturing. AQG records the purchase as an increase in inventory and an increase in accounts payable. AQG feels that they will be able to realize the value from the inventory and settle the obligation to RSI in the weeks to come.
Answer:
b) Gail's Garments has been in business for 20 years and during that period the company has gained a good reputation. Gail would like the Controller to acknowledge the value of that reputation by including it as an asset worth $100,000 but the controller says she cannot do it.
Explanation:
Going concern is a concept in accounting which holds that a company is a going concern when it has the resources to continue in operation indefinitely and that it will not go bankrupt.
Applying the above meaning of 'going concern' to the given scenario, it can be seen that Gail's Garment has been in business for 20 years and has a good reputation to the point that it wants to reflect some value for 'goodwill' in its balance sheet.
Having operated successfully for 20 years, then the company has been a going concern. Generally, going concern issues are those that pertain to more than a period of 12 months.
The relationship between the task environment and the general environment is best described as:
A. A one-way system: Changes in the general environment do not affect the task environment, and changes in the task environment do not affect the general environment.
B. A one-way system: Changes in the task environment affect the general environment, but changes in the general environment do not affect the task environment.
C. An open system: Changes in the task environment affect the general environment, and changes in the general environment affect the task environment.
D. A one-way system: Changes in the general environment affect the task environment, but changes in the task environment do not affect the general environment.
Answer:
C. An open system: Changes in the task environment affect the general environment, and changes in the general environment affect the task environment.
Explanation:
Suppose that the general enviroment is the whole office building, and the task enviroment is your cubicle, and the four other cubicles surrounding you.
If the task enviroment in your area becomes dirty and unpleasant, the working conditions of you and your four colleagues will deteriorate, probably causing loses in productivity, affecting the company's productivity as a whole. Besides, if the task enviroment is not cleaned soon, the dirt will spread to other areas inside the building, affecting the general enviroment.
The general enviroment affects more easily the task enviroment. Simply imagine if the HVAC system of the office building fails: your task enviroment will not have heating or cooling and working conditions will become difficult.
The relationship between the task environment and the general environment is best described as an open system where changes in the task environment affect the general environment and vice versa.
Explanation:The relationship between the task environment and the general environment is best described as an open system. Changes in the task environment affect the general environment, and vice versa. This means that external factors and changes in the general environment can have an impact on the tasks and goals of an organization, and the organization's actions can also have implications for the broader environment in which it operates.
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For the past ten years, Bill and Margaret have saved money to go to the Super Bowl should their team, the Chicago Bears, reach the finals of the NFC championship. This is the year, and several tour companies offer attractive, but very similar, packages to the game. Since all packages are pretty much the same, they have chosen one that fits their budget. Bill and Margaret are most likely exhibiting ________.
a) complex buying behavior.
b) dissonance-reducing buying behavior.
c) habitual buying behavior.
d) consumer capitalism.
e) consumer ethnocentrism.
Answer: (B) Dissonance-reducing buying behavior
Explanation:
The dissonance reducing buying is refers to the customer behavior that occur due to the high price and high involvement in the various types of products.
In this type of buying method we sees less difference between the different types of brands. The buyer purchasing the products and the services that are easily available in the market and we the buyer believes that all the brands are almost similar.
According to the given question, the bill and the Margaret exhibiting the dissonance-reducing buying behavior. Therefore, The option (B) is correct answer.
Bill and Margaret's decision to choose a Super Bowl package that fits their budget, when all offers are similar, illustrates dissonance-reducing buying behavior. They are seeking to minimize any post-purchase doubt or discomfort by opting for a solution that is most justifiable on monetary grounds.
Explanation:In this scenario, Bill and Margaret are most likely exhibiting dissonance-reducing buying behavior. This type of buying behavior is observed when consumers are facing a difficult decision between highly similar products or services. In such cases, they often choose the option that is most easily justified, for instance, the one that fits within their budget. Here, since all the tour package offers to the Super Bowl are almost identical, Bill and Margaret selected the one that was within their budget. The decision-making process in this case revolves around reducing after-purchase dissonance or doubt about the choice they made.
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