He set aside now if he wants $90,000 in 2 years from now, and interest is compounded semiannually at 4% is $83,146.08.
To establish a trust fund for his niece's math education, the uncle needs to determine the present value of the desired $90,000 in two years, taking into account the interest rate and compounding frequency.
In this case, the interest rate is 4% compounded semiannually, which means the interest is compounded twice per year.
To calculate the present value, we need to use the following formula:
PV = FV / \((1+r/n)^{nt}\)
Where PV is the present value, FV is the future value ($90,000), r is the interest rate (0.04), n is the number of times interest is compounded per year (2), and t is the number of years (2).
Plugging in the values, we get:
PV = 90,000 / \((1+0.04/2)^{2*2}\)
PV = 90,000 / \((1+0.02)^{4}\)
PV = 90,000 / \((1.02)^{4}\)
PV = 90,000 / 1.08243216
PV ≈ 83,146.08
The uncle should set aside approximately $83,146.08 now to have $90,000 available in 2 years for his niece's math education, considering the 4% interest rate compounded semiannually.
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How important is money
Answer:
very important
Explanation:
money is a global income source for everyone. we all have different types but it is all still money. now say one country got rid of money and had people pay for stuff using other things. if china did that lots of different countries wouldn't be able to get stuff from there unless they had so much of that product they could just give it up.
Geraldo is the owner/manager of geraldo’s cleaning service, a firm that cleans office building. Geraldo has a team of seven employees who do a fantastic job. To encourage them to keep up the good work, geraldo tells his employees that if they continue to work hard until the end of the quarter and if he is pleased with his profits at the end of the quarter, he will give them each a $100 bonus. At the end of the quarter, the company’s profits were extremely high. Will geraldo have to make good on his promise of a $100 bonus for each employee?.
Yes, Geraldo will have to award the bonuses because profits were extremely high.
Here, Geraldo promised if he is pleased with his profits at the end of the quarter, he will give his employees each a $100 bonus. As the profits are extremely high, he will have to award bonuses.
2. No. Geoffrey cannot enforce the deal because Robert was unaware of the true value of the planer.
Here, there was a lack of knowledge about the subject matter of the contract on the part of Robert. So, Geoffrey cannot enforce the deal because Robert was unaware of the true value of the planer.
Profit:-
Profit is what's left over after all expenses are covered. These expenses consist of labor, supplies, debt interest, and taxes. Typically, profit is used to describe a business's operations. However, everyone who earns money makes money. It's what's left over after the bills have been paid.
Profit is how business owners are rewarded for their investments. It is immediately paid as income in small businesses. In corporations, it's frequently distributed to shareholders in the form of dividends.
A "loss" is what happens when costs exceed income. A business falls bankrupt if losses persist for too long.
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how do owners and workers get income from business
The owner will give the worker a certain percent of the income and the owner will take the rest
Explanation:the owner will give the worker a certain amount from the income he get he might give the employe 2% of what the income is each day or month of might give them a salary base on how much profit the worker contribute but the owner will alway be able to take the rest of the income after tax.
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Cost savings realized through improved allocations of financial resources based on investments inside or outside the firm are called:
Cost savings realized through advanced allocations of financial resources based totally on investments internal or outside the firm are called capital budgeting efficiencies.
Capital budgeting refers to the technique of making plans and dealing with a firm's lengthy-time period investments, which include the evaluation of potential initiatives and the allocation of economic sources to maximize returns.
Efficient capital budgeting includes figuring out and prioritizing the most worthwhile investment opportunities, whether they're interior or outside the company. with the aid of carefully comparing ability tasks and allocating monetary sources accordingly, a firm can limit prices and maximize returns on funding.
Capital budgeting efficiencies may be carried out thru a ramification of techniques, together with progressed economic analysis, better venture choice criteria, and more effective aid allocation.
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When an ad says “best offer”, what does that mean?
A.The owner wants money than the car is worth
B.The owner may accept less money than the asking price
C.The owner wants no less than what the car is listed for
D.The owner has B.O. and is trying to get rid of the car
Answer:
B
Explanation:
Stretch goals are the Multiple Choice targets that are exceptionally demanding and novel. set of goals whose primary focus is to protect organizations from being sustainable. targets that merely exhort employees in general terms to improve performance and start doing their best. goals that conflict with people's personal values and interests. goals that are high enough to inspire better performance but at the same time are always unattainable.
Answer:
targets that are exceptionally demanding and novel.
Explanation:
Stretch goals are the targets that are exceptionally demanding and novel. It is not everyone that considers or think about creating stretch goals because they are highly demanding and relatively new to the individual or business firm.
Generally, stretch goals are divided into two (2) main categories and these includes;
I. Horizontal stretch goals: it is focused on the professional development of individuals through attempting, learning and picking up difficult challenges or tasks.
II. Vertical stretch goals: these type of goals or targets are usually in tandem with the current activities in an organization such as productivity and financial outputs.
A policy that changes the natural rate of unemployment changes: a. neither the long-run Phillips curve nor the long-run aggregate supply curve. b. the long-run Phillips curve, but not the long-run aggregate supply curve. c. the long-run aggregate supply curve, but not the long-run Phillips curve. d. both the long-run Phillips curve and the long-run aggregate supply curve.
Answer:
d. both the long-run Phillips curve and the long-run aggregate supply curve.
Explanation:
the long run Phillips curve is a vertical line that represents the natural rate of unemployment, therefore, a change in the natural rate of unemployment will shift the curve.
The long run aggregate supply curve is also a vertical line that shows potential GDP, and a change in the natural rate of unemployment will shift it.
Keynes argued for ______ government spending in a recession to increase AD (shift right).
A) Cutting
B) Decreasing
C) Increasing
D) All the above
Keynes argued for increasing government spending in a recession to increase aggregate demand (AD) and shift the AD curve rightward. The correct option is C) Increasing
According to Keynesian economics, during a recession, there is a deficiency in aggregate demand due to low consumer spending, low investment, and low exports. The government can step in to fill this gap by increasing its spending on public works, infrastructure, and social welfare programs. This will increase the demand for goods and services, which in turn will lead to higher employment, production, and economic growth.
By spending more, the government can also create a multiplier effect where the initial injection of funds leads to a chain reaction of spending throughout the economy. This, in turn, can generate even more economic activity and ultimately help to pull the economy out of recession. Therefore, Keynesian economics recommends counter-cyclical fiscal policies that increase government spending during recessions to stabilize the economy and promote long-term growth.
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On 1st March 2019, ABC Pte Ltd bought a truck at a cost USD6300 for its business. The cost to deliver the truck to ABC Pte Lyd is USD 1000. Abc Pte Ptd expects the truck to have lifespan of 3 years. ABC estimated the residual value of this truck is USD 500 in the last of its life. Please prepare the Journal Entry
Debit: USD2100 Depreciation Expense (Expense Account)
Credit: Accumulated Depreciation (Account Contra Asset) - USD2100
How Do Journals Work?A journal is a thorough account that documents all of a company's financial activities. It is used for account reconciliation in the future and for the transfer of data to other official financial statements, including the general ledger. A journal is used to record your observations and thoughts on a variety of topics as well as the events of each day. By doing this, you are better able to recall the things you did, the things you thought, and the circumstances at the time. A journal entry is the act of recording any transaction, whether one that is economic or not. An accounting diary that displays the debit and credit balances of a corporation lists transactions.
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Which of the following is not a quality of a typical vision statement?
inspiring
abundant
clear
future-oriented
challenging
The abundant is not the quality of a typical vision statement. Option B is correct.
What is the vision statement?A vision statement is a business document that defines an organization's present and future goals. The vision of a corporation must be consistent with its mission, strategic planning, culture, and fundamental values.
A company's vision statement is crucial since it acts as a strategic strategy for success. The vision statement's quality is that it is motivating, clear, future-oriented, and challenging.
When employees face difficulties, it might serve as a guidance. Vision statements can also assist drive staff to work together toward common goals.
Therefore, option B is correct.
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Mr. Coffey bought a house for $195,000. He made a 20% down payment. The interest
rate is 5.25% for 30 years. Use the loan payment calculator to answer the following
questions. (do not use commas or dollar signs in your answer)
What is his monthly payment?
Answer: $861.44
Explanation:
Given the following :
Purchase price = $195,000
down payment = 20%
Interest rate = 5.25%
Period = 30 years
Down payment = 0.2 × $195,000 = $39,000
Therefore, loan amount will be :
$(195,000 - 39,000) = $156,000
The payment per period (monthly payment) can be calculated using the annuity calculator.
Present value = $156,000
Number of periods = 30yrs = 30× 12 = 360 months
Interest = 5.25% / 12= 0.4375% = 0.004375
Future value = 0 (Amount when entire loan has been paid)
Therefore, the payment per period is $861.44 using the financial calculator.
A country has a trade deficit of $20 billion with its trading partners (
year. Which change would cause the country to have a trade surplus the
following year, assuming everything else remains the same?
A. The country increases its exports by $30 billion.
B. The country increases its imports by $30 billion.
C. The country decreases its exports by $10 billion.
D. The country decreases its imports by $10 billion.
D) The nation reduces its exports by $30 billion, the change would result in a trade deficit the following year for the country that had a trade surplus of $20 billion in one year.
When imports rise faster than exports, a trade deficit occurs. If the country increases its exports by $30 billion, decreases its imports by $10 billion, or increases its imports by $10 billion, it cannot have a trade deficit.
As a result, the country will only experience a trade deficit if its exports decrease by $30 billion while the rest of its exports remain unchanged.
With an example, what is a trade deficit?A country has a trade deficit when its imports exceed its exports over a given time period. A negative balance of trade (BOT) is another name for this situation. There are several ways to determine the balance, including: goods (also called " merchandise”), goods and services, and services and goods.
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Full Question = A country has a trade surplus of $20 billion with its trading partners over a
year. Which change would cause the country to have a trade deficit the
following year, assuming everything else remains the same?
A. The country increases its exports by $30 billion.
B. The country decreases its imports by $10 billion.
O C. The country increases its imports by $10 billion.
O D. The country decreases its exports by $30 billion.
Which defines room and board? (1 point)
O housing and meals that are often provided at additional cost
O a school that provides training in a specific skill or trade
O an educational institution or establishment, in particular one providing higher education
O monetary support that is used to help pay educational costs
In contrast to a variety of non formal and informal methods of socialization, education is the field that is concerned with the methods of teaching and learning in schools or environments that resemble schools.
What differentiates knowledge from education?
Knowledge and education are not the same thing. Knowledge is what you know, while education is how you learn it. The facts and information you can remember and use is called knowledge. Education is how we learn new things.
Equity and equality in education, what do you mean?
A system of equality treats everyone the same without giving any consideration to their requirements or needs. As a result, equity is a situation in which every person, regardless of their individual differences, receives the same rights and opportunities.
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Answer:
O housing and meals that are often provided at additional cost
Explanation:
“Room” in Room and Board, meaning
The “room” part can be taken literally it’s basically your college bedroom
and Board refers to the meal plan meaning somewhere that supplies food.
Boom easy answer
how do imagination and creativity helps in innovating product?
pls be nice and answer this for me. in the middle of a test. 50 pts!
Nate received an unusually large requisition order from another department for a new type of material that they had not purchased before. He had a good relationship with the supplier so he sent the supplier an invoice for the order. What should Nate have done differently?
A. Solicited for a bid from the supplier
B. Solicited for a purchase order with the supplier
C. Ask the supplier for Verification for the requisition order
D. Used a new supplier since it was a new type of goods
Answer:
Solicited for a bid from the supplier.
Explanation:
Solicited for a bid from the supplier should Nate have done differently. Thus, option (a) is correct.
What is supplier?
The term supplier refers to supplies of the raw material and the goods. The supplier was the always part of the company to provide the customer the goods and the services. Suppliers provided the transportation of those materials. Suppliers are the mediator of the supply chain.
A bid is solicited, it signifies the target is actively looking for a buyer and wants to be bought as the supplier. These offers—also known as those that have the support of the management of both companies are frequently referred to as “friendly takeovers.” Solicitation bids, submission bids, and selection bids are the three different categories of bids.
As a result, the solicited for a bid from the supplier have the differently done. Therefore, option (a) is correct.
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BI represents a bold new paradigm in which the company's business strategy must be aligned to its business intelligence analysis initiatives. Group of answer choices True False
The answer is, False.
A collection of tools (technology, applications, etc.) known as business intelligence (BI) is used to enable better business decisions. BI is a tool for achieving goals, not a goal in and of itself.BI is a crucial tool since technology is advancing quickly and steadily.For instance, it took Walmart several decades to overtake Sears as the leading retailer in the United States, but Amazon did so in only a few short years. Our world has radically transformed as a result of new technology, and no organization can afford to fall behind.What do you mean by business intelligence?Business intelligence (BI) is a technology-driven method for data analysis and information delivery that aids managers, employees, and executives in making wise business decisions.What is business intelligence give examples?BI encourages the use of historical data to promote fact-based decision making as opposed to assumptions and intuition. Data analysis is carried out by BI tools, which also produce reports, summaries, dashboards, maps, graphs, and charts to give users a thorough understanding of the nature of the business.Learn more about business intelligence here:
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Donna is thinking about buying a house that costs $250,000. If she puts down $50,000 and is able to get a 5 percent
mortgage, she wants an estimate of her total monthly housing expenses. The average annual cost
for owning a house is 4.09 percent of the value of the house. If we do not include the opportunity cost of the down
payment, amortization on the loan or any tax benefits from homeownership, what will be her monthly cost the first
month?
Answer:
$1,685.41
Explanation:
we need to calculate:
monthly interest payment on the mortgage for the first monthmonthly cost of owning a housemonthly interest payment on the mortgage for the first month = $200,000 x 5% x 1/12 = $833.33
monthly cost of owning a house = $250,000 x 4.09% x 1/12 = $852.08
total monthly cost = $833.33 + $852.08 = $1,685.41
HELP PLEASE If in response to an increase in investment of $5 billion, equilibrium output rises by a total of $20 billion, then the marginal propensity to consume is
A) .8
B) .75
C) .7
D) .6
E) .85
Answer:
Pretty sure its B
Explanation:
lets say you have 20 take away 75% of 20 and your left with 5. every 5 Billion is 25%
Answer:
0.75 took the test
Explanation:
Recording, classifying, and summarizing economic events in a logical manner for the purpose of providing financial information for decision making is commonly called Group of answer choices auditing. economics. finance. accounting.
Recording, classifying, and summarizing economic events in a logical manner for the purpose of providing financial information for decision making is commonly called accounting.
Accounting is a fundamental process in business and financial management. It involves systematically recording financial transactions, classifying them into appropriate categories, and summarizing the information to create financial statements such as the income statement, balance sheet, and cash flow statement. These financial statements provide a snapshot of a company's financial performance, position, and cash flows, enabling decision-makers to analyze and make informed decisions about the organization's operations, investments, and financial strategies.
While auditing, economics, and finance are related disciplines, each has its own distinct focus. Auditing involves examining and evaluating financial records and statements to ensure accuracy, compliance, and reliability. Economics studies the production, distribution, and consumption of goods and services within an economy. Finance, on the other hand, focuses on managing financial resources, investments, and the financial aspects of decision making. However, accounting serves as the foundation for providing the necessary financial information in these areas.
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By repealing the corn laws and substantially moving toward free trade, ______________ retained its position as the world trade power during the 1800s.
By repealing the corn laws and substantially moving toward free trade, in Britain retained its position as the world trade power during the 1800s.
What did repealing the corn laws do ?
The repeal of the corn laws benefited the bottom 90% of income earners in the United Kingdom economically, while causing income losses for the top 10% of income earners.
What was the corn law? Why was it imposed?
Corn laws were the laws that restricted the import of corn in Britain.The laws allowing the government to do this were commonly known as the corn laws.Unhappy with high food prices, industrialists and Urban dwellers forces the abolition of the corn laws.Learn more about corn laws here:
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In your own words, please define what ethics are, and how they should be used during the emailing process.
Answer:
Explanation:Ethics are principles that guide the behavior of individuals or groups. They provide a framework for making decisions and determining what is right and wrong in a given situation. Ethics are often based on values such as honesty, fairness, respect, and responsibility.
In the context of emailing, ethics should be considered when sending and receiving messages. Some ethical considerations in email communication include:
Honesty: It is important to be honest in your emails and to provide accurate information.
Respect: It is important to respect the privacy and boundaries of others when emailing. This includes not sending unsolicited emails or spam, and not sharing personal information without permission.
Confidentiality: If you are handling sensitive or confidential information in your emails, it is important to protect that information and only share it with those who have a need to know.
Professionalism: It is important to maintain a professional tone in your emails and to avoid using inappropriate language or behavior.
Overall, ethics in emailing involve treating others with respect, honesty, and professionalism, and being mindful of the impact of your actions on others.
Answer:
Your communication conveys your personality, work ethic, and attention to detail. Companies may benefit from implementing email etiquette best practices for the following reasons:
Professionalism: Using proper email etiquette reflects the organization's professionalism.
Emails that adhere to etiquette are direct and concise, conveying their message quickly.
Explanation:
1. Include a clear, direct subject line.
2. Use a professional email address.
3. Use professional salutations.
4. Be cautious with humour.
5. proofread every message.
6. Act professionally.
a company uses the percent of sales method to determine its bad debts expense. at the end of the current year, the company's unadjusted trial balance reported the following selected amounts: accounts receivable $ 350,000 debit net sales 795,000 credit all sales are made on credit. based on past experience, the company estimates that 0.3% of net sales are uncollectible. what amount should be debited to bad debts expense when the year-end adjusting entry is prepared?
The year-end adjusting entry is prepared, the company should debit $2,385 to the bad debts expense account.
To determine the amount to be debited to bad debts expense using the percent of sales method, we need to calculate the estimated uncollectible amount based on net sales.
First, calculate the estimated uncollectible amount:
Uncollectible Amount = Net Sales × Bad Debts Percentage
Uncollectible Amount = $795,000 × 0.3%
Uncollectible Amount = $2,385
Therefore, when the year-end adjusting entry is prepared, the company should debit $2,385 to the bad debts expense account.
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Mary is a stay-at-home mother whose husband died. She has two small
children to care for, and her husband was the primary wage earner for their
family. What Social Security benefits would care for Mary and her children?
A) retirement benefits
B) disability benefits
C) survivor’s benefits
D) worker’s compensation
Answer:
The answer that I think would be correct is option C (survivors benefits)
Explanation:
Retirement benefits definition: a form of social insurance payment made by the US Social Security (for age 62 and older) considering that Mary has two small kids, she probably isn't that old.
Disability benefits: in order to be eligible, you have to be unable to do regular or customary work for at least right days. Considering the fact that Mary is a stay at home mother then she wouldn't be employed.
Survivors benefit: this allows a retiree to ensure after death, a continuous lifetime annuity for their dependents.
Workers compensation: provision of benefits to employees who suffered work related injuries. Mary's husband most likely didn't die in the work place.
neighborhood insurance sells fire insurance policies to local homeowners. the premium is $350, the probability of a fire is 0.1%, and in the event of a fire, the insured damages (the payout on the policy) will be $340,000. required:
Given the information provided, we can calculate the expected value for the fire insurance policy as follows:
Expected Value = Probability of an event * Value of the event
In this case, the expected value for the fire insurance policy is calculated as follows:
Expected Value = 0.001 * $340,000 = $340
This means that for every fire insurance policy sold by Neighborhood Insurance, the company can expect to make $340 in payouts, after taking into account the cost of the premium ($350).
Note that the expected value does not represent a guarantee of the amount that will be received, but rather the average amount that can be expected if the policy is sold many times. The actual amount received in the event of a fire can be higher or lower than $340,000.
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One of the biggest ethical risks in supply chain management is that the __________ supply chain member tends to be the one that suffers the blame and/or lost goodwill when something goes wrong.
One of the biggest ethical risks in supply chain management is that the most visible supply chain member tends to be the one that suffers the blame and/or lost goodwill when something goes wrong.most visible.
What is ethical risk?In reaction to their unethical behaviors, actors end up externalizing their locus of control, as if they had no other choice. In this manner, actors reduce their own power to identify a profitable alternative course of action. They reduce their freedom to choose. On the other hand, inclusive awareness of ethical and unethical aspects triggers a natural search for more ethical actions (Cf. Psychological attitudes towards ethical dissonance). A rational analysis of the interest of such a more ethical alternative allows avoiding exaggeration of its costs (without proper analysis, a typical justification of an unethical action is that an alternative course of action would be too costly). Further, awareness of potential ethical costs increases the relative attractiveness of an alternative more ethical action. The re-framing of the situation allows the identification of new opportunities otherwise hidden to the actors.To learn more about ethical risk from the given link
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Select the response that corrects the capitalization error in the sentence below. I live in Kentwood, louisiana. a. i b. kentwood c. Louisiana Please select the best answer from the choices provided A B C
Answer:
a) I
Explanation:
The letter I continues to be capitalized because it is the only single letter pronoun. Because the pronouns I and me have different uses, it's easy to distinguish between the two in terms of capitalization rules.
Skyline company wants an ending inventory each month equal to 30% of that month's cost of goods sold. Cost of goods sold for february is projected at $45,000. Ending inventory at the end of january was $12,000. Based on this information, purchases for february would be:.
The ending inventory had a value of $12,000 at the month's end. The data provided for Skyline Company indicates that February's purchases would amount to $46,500.
What does "inventory" mean in its simplest form?All the goods, products, and resources that a company retains on hand with both the goal of retailing these for a profit are referred to as inventory. For instance, only the newspapers would be regarded as inventory if a weekly vendor used a vehicle to deliver newspapers to clients. The car will be considered a valuable asset.
What exactly does "inventory" mean in a commercial context?Items that are being readied for sale at different stages are referred to as inventory in accounting, including: finished products initiatives that are still in progress (i.e., chores that
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Romero Inc.manufactures paper products from 100 per cent recycled scrap.One set of workers at Romero Inc.has the full-time job of sorting scrap as it enters the facility.If the scrap is not sorted properly, the manufacturing process creates defective paper.The quality of sorting is regularly monitored by checking the quality of the paper products, and necessary instructions are given to the scrap sorters.Which of the following aspects of the job characteristics approach is high for the scrap sorters' job?
A) Skill variety
B) Task identity
C) Autonomy
D) Task significance
E) Feedback
Answer:
e
Explanation:
Felicia believes strongly in buying from minority-owned businesses whenever possible. Which term best describes the motivation for her purchasing behavior?.
The terminology which best describes the motivation for Felicia's purchasing behavior is: customer loyalty.
What is a buying process?A buying process can be defined as the sequence of steps that a consumer (customer) would take while making a purchasing decision, usually over the Internet such as the following:
Problem recognition.General need description.Product specification.Supplier search.Proposal solicitation.Supplier selection.Order-routine specification.Performance review.What is customer loyalty?Customer loyalty is also referred to as brand loyalty and it can be defined as a consumer's feeling of commitment to a particular business and its product, marketer, brand name, which typically results in a continuous repeat of purchases or visits in the future.
In conclusion, customer loyalty is a terminology which best describes Felicia's strong belief to buy from minority-owned businesses whenever possible.
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