Derek is a high school student who is currently taking a course in personal finance. He knows that he should be managing his money from his part-time job better. He has learned about saving and budgeting, but he continues to spend all of his money on his car and going out with friends. He knows that someday he’ll have to be more responsible, but right now he thinks he should just enjoy being a carefree teenager. Why is it important for Derek to manage his money well now instead of waiting until he’s older? Required Case 5: 1. Decisions 2. Eliminate 3. Financial benefits 4. Financial mistakes 5. Future 6. Goals 7. Learning 8. Living paycheck to paycheck 9. Manage 10. Money 11. Normal 12. Plan 13. Pocket 14. Promote 15. Spending

About the binomial distributions, the correct statements are (A), (B), and (D) respectively.

When each trial has the same probability of achieving a given value, the number of trials or observations is summarized using the binomial distribution.

The likelihood of observing a specific number of successful outcomes in a specific number of trials is determined by the binomial distribution.

There are only two outcomes that can occur in a trial: success or failure.

Every trial runs separately from the others.

For each trial, the probability of success stays the same.

Continuous data that have a symmetric distribution and a distinctive "bell" form are described by the normal distribution.

For instance, there are only two outcomes that can result from tossing a coin: heads or tails, and passing or failing a test.

Either success or failure is represented by a binomial distribution.

Therefore, about the binomial distributions, the correct statements are (A), (B), and (D) respectively.

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Answer:

Fee product samples

Explanation:

makes pay

Answer: Analyzing

Anticipating

Adapting

Explanation:

The writing process for business messages includes prewriting, drafting, and revising. We should note that the steps involved in the prewriting phase of the writing process:

• Analyzing

• Anticipating

• Adapting

The drafting phase is made up of:

• Researching

• Organizing

• Drafting

The revising phase include:

• Editing

• Proofreading

• Evaluating

The Department of Homeland Security (DHS) oversees the movement of individuals and merchandise across the United States as well as the protection of the national frontiers.

To protect the United States from potential terrorist acts and some other natural calamities, the Department of Homeland Security (DHS) is in charge.

All DHS Units immediately report to the Office of the Secretary under DHS organizational structure. The Secretary and Deputy Secretary, this same Chief of Staff, the Counselors, alongside their separate staffs make up the Office of the Secretary. There is no Component to which this staff is attached.

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Answer:

The journal entry would be that first monthly mortgage payment on January 31, 2018 should be debited for amount of $2,250

Explanation:

In order to calculate the first monthly mortgage payment on January 31, 2018 we would have to make the following calculation according to the given data:

first monthly mortgage payment on January 31, 2018=$340,000*9%*1/12

first monthly mortgage payment on January 31, 2018=$2,550

Therefore, the journal entry would be that first monthly mortgage payment on January 31, 2018 should be debited for amount of $2,250

Answer:

The weighted average cost of capital of Corporation is 11.4%

Explanation:

Now use following formula to calculate the weighted average cost of equity

WACC = ( Weight of equity x Cost of equity ) + ( Weight of debt x Cost of debt (after tax ) )

Weight

Equity  = 100%

Debt = 50%

Cost

First we need to calculate the cost of equity using CAPM formula

Cost of equity = Risk free rate + Beta x ( Market risk premium )

Placing values in the formula

Cost of equity = 8% + 0.90 x  7%

Cost of equity = 14.3%

Cost of debt = 8%

Cost of debt (after tax ) = 8% x ( 1 - 30% ) = 5.6%

Placing values in the formula of Weighted average cost of capital

WACC = ( ( 100%/150% ) x 14.3% ) + ( ( 50% / 150% ) x 5.6% )

WACC = 9.53% + 1.87%

WACC = 11.4%

The solution to the given question when we consider total cost and total revenue, given in the following table:

Quantity | Total Cost | Marginal Cost | Total Revenue | Marginal Revenue | Profit

------- | -------- | -------- | -------- | -------- | --------

0     | 5       | 5        | 0        | 0        | -5

1     | 11      | 6        | 6        | 6        | 1

2     | 17      | 6        | 12       | 6        | 5

3     | 24      | 7        | 18       | 6        | 4

4     | 31      | 8        | 24       | 6        | -7

5     | 39      | 8        | 30       | 6        | -9

6     | 47      | 8        | 36       | 6        | -11

7     | 55      | 8        | 42       | 6        | -13

As you can see, the firm's profit is maximized at quantity 3. This is because the marginal revenue is equal to zero at this point, which means that the firm is not making any additional profit by producing more units. In fact, if the firm produces more units, it will actually start to lose money.

Therefore, the answer to the question is 3.

In summary:

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The dividends per share for the common stock in year 1 (Y1) is $0.60 per share, and in year 3 (Y3) is $0.90 per share.

To calculate the dividends per share for the common stock in year 1 (Y1) and year 3 (Y3), we need to determine the total dividends distributed and divide them by the number of common shares outstanding.

Given information:

Cumulative preferred stock: 15,000 shares, 1% dividend

Common stock: 50,000 shares, $30 par value

Dividends distributed:

Y1: $30,000

Y2: $12,000

Y3: $45,000

First, let's calculate the dividends per share for the cumulative preferred stock in each year.

Dividends per share for cumulative preferred stock = (Par value * Dividend rate) / Number of preferred shares

Dividends per share for cumulative preferred stock = ($100 * 1%) / 15,000 shares

Dividends per share for cumulative preferred stock = $1 / 15,000

Dividends per share for cumulative preferred stock = $0.000067 per share

Now, let's calculate the dividends per share for the common stock in year 1 (Y1) and year 3 (Y3).

For Y1:

Total dividends for common stock = Dividends distributed - (Dividends per share for cumulative preferred stock * Number of preferred shares)

Total dividends for common stock = $30,000 - ($0.000067 * 15,000)

Total dividends for common stock = $30,000 - $1.005

Total dividends for common stock = $29,998.995

Dividends per share for common stock in Y1 = Total dividends for common stock / Number of common shares

Dividends per share for common stock in Y1 = $29,998.995 / 50,000 shares

Dividends per share for common stock in Y1 = $0.5999799 per share (rounded to $0.60 per share)

For Y3:

Total dividends for common stock = Dividends distributed - (Dividends per share for cumulative preferred stock * Number of preferred shares)

Total dividends for common stock = $45,000 - ($0.000067 * 15,000)

Total dividends for common stock = $45,000 - $1.005

Total dividends for common stock = $44,998.995

Dividends per share for common stock in Y3 = Total dividends for common stock / Number of common shares

Dividends per share for common stock in Y3 = $44,998.995 / 50,000 shares

Dividends per share for common stock in Y3 = $0.8999799 per share (rounded to $0.90 per share)

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Answer:

Small businesses can signal emerging trends and needs to large businesses

Answer:

camping

Explanation:

Avoidable interest serves as one that is used in the estimation of interest without expenditure.

Avoidable Interest can be regarded as the  computation  that can be used to find the  interest when trying to avoid expenditures .

To calculate the Avoidable interest , the equation that can be used is

(the weighted average accumulated expenditures ) *( the proper interest rate)

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Answer:

Indeed Usalnum

means

having the knowledge and skills to

manage your personal finances.

Answer:

A) $61,654,600

B) June 30, 2016, first coupon payment

Dr Interest expense 4,840,000

Dr Premium on bonds payable 60,000

    Cr Cash 4,900,000

C) If you use the effective interest rate, the bond premium is higher, so the actual interest expense would be lower:

June 30, 2016, first coupon payment

Dr Interest expense 4,756,406

Dr Premium on bonds payable 143,594

    Cr Cash 4,900,000

D) The actual difference between the coupon rate and the effective interest rate (with a $72,400,000 issue price) = 14% (coupon rate) - 13.93% = 0.07%.

The bond's issue price is generally determined by the market rate, but sometimes a company might believe that the interest rate applicable to them is actually different. A company might under estimate the riskiness of their operations, but the market doesn't. Generally the market rate is correct. So any variation in the coupon rate is due to a mistake by the firm. Usually companies do not make huge mistakes, if they miss on the coupon rate it generally is not significant.

Explanation:

issued $70 million face amount of 20-year, 14% stated rate bonds when market interest rates were 16%. The bonds pay interest semi-annually each June 30 and December 31, each coupon = $4,900,000

bonds market price = PV of maturity value + PV of coupons

if instead the issue price was $72,400,000 (resulting in a $2,400,000 premium), then the premium would be amortized by $2,400,000 / 40 = $60,000 during each coupon payment

if the effective interest method, (not the compound interest method), was used to amortize bond premium, then we first need to calculate the effective interest rate:

$72,400,000 - $70,000,000 = $2,400,000 / 40 = $60,000

$4,900,000 + $60,000 = $4,960,000 / {($72,400,000 + $70,000,000) / 2} = 0.0696629

bond premium discount using effective interest rate = ($72,400,000 x 0.0696629) - $4,900,000 = $5,043,594 - $4,900,000 = $143,594

It is true that mindfulness is evidence based and false that it is exotic.

Mindfulness. It's an easy term to understand. It implies that the mind is entirely focused on what is taking place, what you are doing, and the environment you are moving through. That might sound insignificant, but it annoys me that we frequently stray from the topic at hand. When our mind wanders, we get disconnected from our physical selves and quickly become preoccupied with compulsive thoughts about the past or worry about the future. And it stresses us out.

However, awareness is always present to bring us back to where we are, what we are doing, and how we are feeling, no matter how far we go. It's great to give mindfulness a go for a time if you want to understand what it is. You will discover tiny variances in the meaning in books, online, audio, and video since it's difficult to put into words.

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Based on the information, the Account to be debited and Account to be credited so given below.

(a) Bought office machinery on credit from D Isaacs Ltd.

Account to be debited - Office Machinery

Account to be credited - Accounts Payable (D Isaacs Ltd)

(b) The proprietor paid a creditor, C Jones, from his private funds.

Account to be debited - Accounts Payable (C Jones)

Account to be credited - Owner's Equity (Private Funds)

(c) A debtor, N Fox, paid us in cash.

Account to be debited - Cash

Accounts Receivable (N Fox)

(d) Repaid part of loan from P Exeter by cheque.

Account to be debited - Loans Payable (P Exeter)

Cash

(e) Returned some office machinery to D Isaacs Ltd.

Account to be debited - Accounts Payable (D Isaacs Ltd)

Office Machinery

(f) A debtor, N Lyn, pays us by cheque.

Account to be debited - Cash

Accounts Receivable (N Lyn)

(g) Bought van by cash.

Account to be debited - Van

Cash

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Answer:

d. The firm should increase output.

Explanation:

In the case when the monopolist wants to generate the output level in such a way when the marginal revenue is more than the marginal cost so if the firm wants to maximize its profit so it should have to increase the output as the marginal revenue would begins to reduce and it is equivalent to the marginal cost i.e. become significant in order to maximize the profit

The monopolist producing where MR > MC can maximize its profits if d. The firm should increase output.

A monopolist is known for these characteristics. A monopolist is a single seller, a profit maximizer, a price maker, sets high barriers so that competitors do not enter the market and practices price discrimination.

At MR = MC, the monopolist maximizes profits. However, if its MR > MC, it implies that the firm is under-producing. It can increase production to maximize profits.

Thus, the monopolist whose MR > MC can maximize profits by increasing its output.

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Answer:

The understanding including its context has been explained throughout the explanation segment elsewhere here.

Explanation:

Answer and Explanation:

1. The discount rate is

If we go through the options

like we assume 10%

So, the net present value is

= ($250,000 × 4.3553) - $1,000,000

= $1,088,825 - $1,000,000

= $88,825

Now if the discount rate is 11%

So, the net present value os

=  ($250,000 × 4.2305) - $1,000,000

= $1,057,625 - $1,000,000

= $57,625

So the net present value is $57,625

2. The profitability index is

= ($1,000,000 + $57,625) ÷ ($1,000,000)

= 1.058

3. The internal rate of return is

It is 12.98% that lies between 12.5% and 13%

The principal (face value) of the bonds must be paid at maturity, and periodic interest payments must be made. These are the two main drawbacks of using bonds.

An IOU-like debt security called a bond. Bonds are issued by borrowers to attract capital from investors ready to extend a loan to them for a specific period of time.

When you purchase a bond, you are making a loan to the issuer, which could be a corporate, government, or municipality.

Corporate bonds, municipal bonds, government bonds, and agency bonds are the four different types of bonds that can be categorized.

The relationship between the Bond prices and the Coupon Rate is inverse. When the rate of interest rises, bond prices fall, and when the rate of interest falls, bond prices rise.

Therefore, the principal (face value) of the bonds must be paid at maturity, and periodic interest payments must be made. These are the two main drawbacks of using bonds.

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Based on the information available for Berlin Corporation, the step - by - step income statement would be:

                                        Berlin Corporation.

                                         Income Statement

Sales Revenue                                              $592,000

Less:  Sales Return                                       $40, 000

Net Sales                                                                           $552, 000

Less : Cost of Goods sold                                                ($156, 000)

Gross Profit                                                                         $396, 000

Less Operating expenses:                                                 (186, 000)  

Income from operations                                                    $210, 000

Other Revenue /Gains                                    12, 700

Other Expenses /Losses                                 (13, 300)        ( 600 )

Income before income taxes                                              $209 ,400

Less: Income tax expense                                                    ($62, 820)

Net Income / (Loss)                                                              $146,580

An income statement is the financial document that is used to find the amount of net income or loss that a company made in a certain period of time which is often a year or a quarter.

The main components of a net income statement are the revenue, the cost of goods sold, the gross profit, the operating expenses, and the net income.

To find the net income, subtract cost of goods sold and the operating expenses from the sales revenue.

In this case, you need to find the taxes to Berlin Corporation as well:

= Income before taxes x Income tax rate

= 209, 400 x 30%

= $62, 820

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Recruiting and selecting an assistant manager for a small women's clothing store requires a thoughtful and strategic approach.

Here are some steps that can be taken to attract and hire the most effective candidate:

Define the job role: Clearly define the job role and responsibilities of the assistant manager. This will help in identifying the required skills, qualifications, and experience necessary for the role.

Create a job description: Based on the defined job role, create a comprehensive job description that highlights the job responsibilities, required skills, qualifications, and experience. The job description should also outline the compensation package, work schedule, and other benefits.

Advertise the job opening: Advertise the job opening in relevant channels such as online job portals, local newspapers, industry-specific publications, and social media. You may also consider reaching out to your network and asking for referrals.

Screen resumes: Review resumes and cover letters to shortlist candidates who meet the minimum requirements for the role.

Conduct initial interviews: Conduct initial interviews to further screen the candidates and assess their communication skills, experience, and qualifications. Use behavioral interview questions to understand their past performance and behavior in similar roles.

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An aptitude test is used to determine a persons capacity to learn or acquire skills.

The goal of an aptitude test is simply to determine if the learner has a firm grasp on the instructions that she received.

Before an aptitude test is designed, an instructor must have given instructions on the topic. The test is used to predict how far the learner has gone in grasping the instructions received.

The test shows the individuals skills and also their ability to succeed in a particular task. It generally serves to expose the strengths and the weaknesses of the person.

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Answer:

2°F, or ±1.0°C

Explanation:

Answer:

To explain the given statement as follows,

Explanation:

1. Purpose of the database:-The purpose of a database is to hoard records. you'll take some quiet data and apply relationships to tow the info into a touch else valuable for business, for tracking fixed charge, etc. A database is worn to collect and arrange data. A database may be a set of data that are prepared in order that it can simply access, direct, and restructured. In one vision, databases are often confidential consistent with sorts of pleased: bibliographic, full-text, numeric, and imagery. Although an electronic report like one shaped in Microsoft Access could also be previous that involves the brain there are many non-automated database editions also, like a personal phone and ask book. A database can just be an inventory that's put aside written or typed on the article, during a computer worksheet or data processing text. this type of database, term a fil, consists of 1 table by rows with a column of knowledge. for instance, a simple database for a small business may need only two features, product name or variety, and price.

2. Describe entities of database and attributes of each entity:-An entity type symbolizes a clear object form. during a real-world model, an entity type may be a vital business entity that holds quite one asset. we'll just call an entity, in its place of an entity type, as in many observe. A relationship type signifies a connection alongside some entities. during a real-world model, a relationship represents a connection that desires to be considered by the database scheme. A relationship type is in a position to be unary, binary, or n-ary counting on whether the figure of entities drawn within the relationship is 1, 2, or further than 2.An attribute is an asset that's worn to inform an entity or a relationship. Prompt that a touch method doesn't permit an attribute during a relationship. An attribute that's a primary key of 1 more relative may be a term far off-key. An entity set may be a set of related entities. An attribute explains assets allied with entities. An attribute will contain a reputation also as a worth for each entity. a website label a group of allowable ideals for an attribute. An entity type is worn to be both a kind of entity with the entity set or gathering of entities of that kind that subsist within the database. In many cases, an entity type has many sub-groupings of its entities that are significant and need to be signifying openly due to their aiming to the database relevance.

3. Describe business rules that could impact the structure of the database:- Business rules subsist for a union whether or not they're yet written along, talk as regards, or yet a bit of the organization’s awareness. Business rules are resultant as an outline of operations. As its name implies, a narrative of operations is an exhaustive tale that explains the operational surroundings of a union. Such a report wants huge accuracy and facet.  Because these mechanisms shape the basis for a database intend, the wary derivation and clarity of business rules are vital to a fine database plan. the info is often measured major only behind business rules are distinct, lacking them it’s now recorded, bar to a business they're the individuality that's definite and sees by the corporate. Business Rules assist employee’s hub off and apply the trial inside the organizations setting. Identify and deed business policy is extremely essential to the database design.

4. Determine information conceptual model of the database & that physical model of the database would include:-

Logical Modeling:- Logical modeling pact with crowd business necessities also converts those necessities into a model. The logical model turns almost the desires of the business, not the database while the desires of the business are worn to make the desires of the database. Logical modeling occupies crowd information regarding the business course, business unit also organizational unit. Behind this information is collected, diagrams and hearsay are formed with entity-relationship diagrams, business procedure diagrams, and eventually process flow diagrams.

Physical Modeling:- Physical modeling occupies the important intention of a database consistent with the necessities that were reputable through logical modeling.  Physical modeling contract with the change of the logical or business model keen on an electronic database model. In physical modeling, objects like tables and columns are shaped stand on entities and attribute that be distinct in logical modeling. Restraint is additionally defined, with primary keys, foreign keys extra unique keys with check restraint. Physical modeling is while the whole piece comes mutually to entire the method of major a database pro a business.

Traditional marketing revolves around the 4 Ps, which are Product, Price, Place, and Promotion.

These elements form the foundation of a marketing strategy for businesses.

Product: Refers to the goods or services that a company offers to its customers. It involves defining the features, design, and quality of the product.

Price: Involves determining the cost of the product or service and finding the right pricing strategy that aligns with customer expectations and market conditions.

Place: Focuses on selecting the distribution channels and locations where the product will be available for customers to purchase. It includes decisions related to retail outlets, online platforms, or direct sales.

Promotion: Involves the activities undertaken to promote and create awareness about the product. It includes advertising, public relations, sales promotions, and other marketing communication strategies.

These 4 Ps provide a framework for businesses to analyze and optimize their marketing efforts to meet customer needs, increase sales, and achieve overall business objectives.

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Answer:

Creating a joint venture.

Explanation:

A foreign direct investment (FDI) can be defined as an investment made by an individual or business entity (investor) into an investment market (industry) located in another country. The investor here, shares a different country of origin from the country where his investment is located. In a foreign direct investment (FDI), an investor must establish his business, factory and operations in a foreign country or acquire assets in a business that is being operated in a foreign country.

Additionally, foreign direct investment (FDI) are categorized into three (3) main types and these are;

1. Vertical FDI: it involves establishing a different business that is however similar to the main business owned by the investor.

2. Horizontal FDI: it involves establishing the same type of business in a foreign country as owned in the investor's country.

3. Conglomerate FDI: it involves establishing a business that is completely different in another (foreign) country.

A joint venture can be defined as a type of business partnership which typically involves making direct investment in a foreign country with a domestic partner. It is typically established or initiated by two or more people on mutual grounds to make profits and sharing costs.

In this scenario, an electronics manufacturer in Japan creates a strategic partnership with a

large retailer in the United States.

Thus, the type of global entry strategy which this example highlight is creating a joint venture.

Answer:

it's a deposit of money that can be withdrawn without prior notice

Answer:

Jose's father weighs 70 kilos.

Explanation:

Given that Jose weighs 25 kilograms, while his father is 5 kilograms less than 3 times Jose's weight, to determine what is the weight of Jose father the following calculation must be performed:

Jose = 25

Father = (25 x 3) - 5

Father = 75 - 5

Father = 70

Therefore, Jose's father weighs 70 kilos.

Answer:

The answer is B) Maximize the amount of time you spend looking directly at the camera.

Explanation:

Looking directly at the camera is important because it simulates eye contact and helps to build trust and connection. It also shows that you are paying attention and engaged in the conversation, while avoiding the impression of being distracted or disinterested.

Answer:

B. In a single payment, and the collateral is returned

Multiple-choices

A. In multiple payments, and collateral is retuned

B. In a single payment, and the collateral is returned.

C. The lender sells the item to pay off the interest.

D. The lender cashes a postdated check.

Explanation:

A pawn-loan is a credit facility based on collateral provided. Pawnshop issues pawn-loans without any credit history checking. The borrower presents an item of value, either jewelry, electronics, mobile gadgets, or other items resellable to other customers.

A pawnshop typically issues short term loans. The credit period is mostly 30 days. The borrower is should to repay the loan amount plus interest by end of month to redeem their collateral.  Due to the short credit period and the high risk of lending, pawnshops do not usually allow installment repayments.