Monica needs to contribute approximately $10.65 per month to reach her retirement goal of $2,000 monthly income for 30 years, assuming an APR of 6% compounded monthly.
We can use the idea of an annuity's future value to figure out how much Monica needs to contribute each month to reach her retirement goal.
The formula for annuity future value is as follows:
Where: FV = P * [(1 + r)n - 1] / r
P = Monthly contribution r = Monthly interest rate (APR divided by 12) n = Number of periods (number of months until retirement) Given: FV = Future value of the annuity (retirement goal)
FV = $2,000 (per month for 30 years) r = 6% per year / 12 = 0.06 / 12 = 0.005 (per month interest rate) n = 25 years * 12 months/year = 300 months Now, we can plug in these values and figure out P:
$2,000 = P * [(1 + 0.005)^300 - 1]/0.005
Improving on the situation:
$2,000 * 0.005 = P * [(1.005)^300 - 1]
$10 = P * [1.9396926 - 1]
$10 = P * 0.9396926
Isolating the two sides by 0.9396926:
Monica needs to contribute approximately $10.65 per month to reach her retirement goal of $2,000 per month for 30 years, assuming an APR of 6% compounded monthly, because P = $10 / 0.9396926 P $10.65.
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Which of the following are automatically withheld from paychecks?
According to the "What is Blockchain?" video case, blockchain-based Bitcoin was seen as increasing the difficulty of doing what?Ability of public authorities to enforce financial regulations
According to the "What is Blockchain?" video case, blockchain-based Bitcoin was seen as increasing the difficulty of doing Ability of public authorities to enforce financial regulations.
This is because the decentralized nature of the Bitcoin blockchain makes it difficult for governments and financial institutions to monitor and control transactions, as they have limited ability to track the movement of funds and the identities of the parties involved. As a result, Bitcoin and other cryptocurrencies have been associated with illegal goods activities such as money laundering and tax evasion. However, it is worth noting that the blockchain technology underlying Bitcoin has the potential to enable new forms of secure and transparent financial transactions, and many companies and organizations are exploring its use in a variety of applications beyond cryptocurrency.
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What does the big Mac index show
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.
leakey is a company that deals with sale and distribution of variety of products ranging from cereals, clothes, edibles, electronics and other related products. the company acquires the products from different parts of the world, in and outside of the country. assuming you are a well trained and experienced warehousing manager and leakey company is seeking your expertize to manage its varied inventories; a) explain to the leakey management team the need for having proper inventory control system for their company (5 marks) b) explain the various costs that leakey co. is likely to incur while trying to manage their inventories (5 marks) c) explain to leakey co. management how they would apply eoq model in helping them minimize inventory cost for their company (5 marks)
New-to-the-world products are the only category of genuinely new products. These goods are truly novel because they open up a brand-new market while making up a relatively minor portion of the new product line.
Microwaves, microprocessors, and copiers are a few examples of this kind of new product category. These categories would not apply to tech goods.
New product lines make up the second category of new products. A new product line would be when a business introduces a product from a new class that they haven't before offered.
Tech, for instance, just created Tech Nutrition Bars to enhance memory. This move into the food sector would be seen as a new product line because all of their prior items were connected to technology.
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Jackie has been selling gold rings for $50 each. her cost for the rings was $25. she learns that another store on the other side of the mall sells gold rings for $40. what information should jackie consider before deciding if she should change her price?
When adjusting the price of an established product, Jackie should have knowledge of the pricing considerations and strategies
What are the different types of pricing strategies?
There are 4 types of pricing strategies as follows :
Premium pricing strategySkimming pricing strategyValue pricing strategyPenetration pricing strategy.In the aforesaid scenario, Jackie will employ a value pricing approach, in which he will reduce the product's cost in order to attract buyers, hence increasing the product's perceived worth.
Thus,
Pricing strategies information should be considered before introducing any changes in the price of the product.
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Explain why socialist societies do not use a circular flow chart.
Peggy started work after graduation and started investing.
Why do you think Peggy would have decided to invest?
A. to keep her finances liquid for emergencies
B. to earn compound interest
C. to minimize the risk of losing money
D. to build on her retirement fund
E. to take out a student loan for further education
Answer:
c
Explanation:
When a company issues no-par common stock, the ______. Multiple select question. cash inflow is classified as a financing activity
When the company issues no-par common stock, then, the:
entire amount of the proceeds will placed in Common Stock account. the cash inflow will be classified as a financing activity.The no-par common stock is a stock issued without a par value.
The value of the no-par common stocks is determined by price that the investors want to pay on the open market.
In conclusion, the entire amount of the proceeds will placed in Common Stock account and the cash inflow will be classified as a financing activity.
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If you buy an investment for $800 and then sell it for
$950 a year later, what is your annual return on investment (percentage)?
Answer: 18.75%
Explanation:
Since the investment is bought for $800 and then sold for $950 a year later, then the annual return on investment will be:
= (Selling price - Cost price) / Cost price × 100
= ($950 - $800)/$800 × 100
= $150/$800 × 100
= 18.75%
Contact Manufacturing Ltd is considering two alternative investment proposals. The first proposal calls for a major renovation of the company’s manufacturing facility. The second involves replacing just a few obsolete pieces of equipment in the facility. The company will choose one project or the other this year, but it will not do both. The cash flows associated with each project appear below and the firm discounts project cash flows at 15%. Year Renovate Replace 0 –$9,000,000 –$2,400,000 1 3,000,000 2,000,000 2 3,000,000 800,000 3 3,000,000 200,000 4 3,000,000 200,000 5 3,000,000 200,000 Assignment 1. Calculate the payback period of each project and based on this criterion, indicate which project you would recommend for acceptance. 2. Calculate the net present value (NPV) of each project and based on this criterion, indicate which project you would recommend for acceptance. 3. Calculate the internal rate of return (IRR) of each project and based on this criterion, indicate which project you would recommend for acceptance. 4. Calculate the profitability index (PI) of each project and based on this criterion, indicate which project you would recommend for acceptance. 5. Overall, you should find conflicting recommendations based on the various criteria. Why is this occurring? 6. Chart the NPVprofiles of these projects. Label the intersection points on the x- and y-axes and the crossover point. 7. Based on this NPVprofile analysis and assuming the WACC is 15%, which project would you recommended for acceptance? Why? 8. Based on this NPVprofile analysis and assuming the WACC is 25%, which project is recommended? Why? 9. Discuss the important elements to consider when deciding between these two projects.
Contact Manufacturing Ltd is considering a renovation project and a equipment replacement project, and conflicting recommendations arise based on different criteria such as payback period, net present value (NPV), internal rate of return (IRR), and profitability index (PI), highlighting the importance of considering multiple factors when deciding between projects.
The payback period for the Renovate project is 3 years, while the Replace project has a payback period of 2.2 years. Based on this criterion, the Replace project would be recommended for acceptance.
The net present value (NPV) for the Renovate project is $2,168,617, while the Replace project has an NPV of $1,338,265. Based on this criterion, the Renovate project would be recommended for acceptance.
The internal rate of return (IRR) for the Renovate project is 23.79%, while the Replace project has an IRR of 21.92%. Based on this criterion, theRenovate project would be recommended for acceptance.
The profitability index (PI) for the Renovate project is 1.24, while the Replace project has a PI of 1.13. Based on this criterion, the Renovate project would be recommended for acceptance.
Conflicting recommendations occur because different criteria emphasize different aspects of the projects, such as payback period focusing on liquidity and quick return, while NPV and IRR consider the time value of money and profitability over the project's lifespan.
NPV profiles show the relationship between the discount rate and the NPV of the projects. The intersection points on the x-axis represent the internal rates of return, and the crossover point indicates the discount rate at which the projects have equal NPVs.
Based on the NPV profile analysis and assuming a WACC of 15%, the Renovate project would be recommended because it has a higher NPV at this discount rate.
Based on the NPV profile analysis and assuming a WACC of 25%, neither project would be recommended as both projects have negative NPVs at this discount rate.
Important elements to consider when deciding between these two projects include the initial investment, cash flows over the project's lifespan, the time value of money, the company's cost of capital, project profitability, project risk, and strategic alignment with the company's goals.
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Which step in developing a mission statement requires you to think about who is affected by your organization and how they might measure your success?
Answer:
Considering the stakeholders' perspectives.
Explanation:
Considering the stakeholders' perspectives is a step in developing a mission statement which requires that you to think about who is affected by your organization and how they might measure your success.
Generally, when the top executives or management are developing a mission statement, decisions, and goals, it is very essential and important that they ensure it is favourable to the stakeholders. Stakeholders can be defined as a group of people who have interest or shares in a business entity and are affected by the decisions of the company.
Hence, the stakeholders perspective needs to be considered at all times because they're part of the business and their actions can affect the success of the business.
LiquidIQ offers virtual data centers that allow users to combine memory, storage, and computing capabilities. In the context of cloud computing services, it is evident that LiquidIQ provides computing services. utility VR SaaS security
LiquidIQ provides computing services in the form of virtual data centers that combine memory, storage, and computing capabilities.
In the context of cloud computing services, LiquidIQ's virtual data centers offer users a way to access computing resources without the need for physical hardware. These resources can be used for a variety of purposes, such as hosting websites or running applications.
Additionally, LiquidIQ offers security features to protect users' data and ensure the safety of their virtual environments. While LiquidIQ does not explicitly offer utility or software as a service (SaaS) options, its virtual data centers can be used in conjunction with these services.
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Uma has been given the task of arranging for five-day conference for foreign delegates. In order to smooth functioning of the event, he has made two people as coordinators to take care of activities related to registration and refreshment. Identify the function of management being carried out by Uma. (a) Planning (b) Staffing (c) Organising (d) Directing
Answer:
(c) Organising
Explanation:
Personnel management can be defined as an administrative task or function which primarily involves the process of hiring employees and developing or training them to become beneficial and valuable for the growth and development of the company.
The main purpose and focus of personnel management is to provide a quality workforce necessary to successfully achieve the organizational set goals and objectives.
Organizing can be defined as a strategic process in which resources are assembled and human efforts are coordinated and then integrated into a unitary system so as to achieve organizational goals and specified objectives.
Generally, organising helps to create order in an organization by eliminating chaos, and work conflicts. Also, it enhances job specialization and responsibility sharing by creating an environment that is suitable for teamwork.
Thus, the function of management being carried out by Uma is organizing because he made two people coordinators to take care of activities related to registration and refreshment.
Risk can be thought of as the possibility of incurring??
Answer:
Risk can be thought of as the possibility of incurring a loss.
Explanation:
Loss.
Critically discuss FIVE ways or conditions in which the media
fails to report on acts of fraud and corruption in a country.
The media can play a critical role in the fight against fraud and corruption. However, there are several ways in which the media fails to report on these issues, including a lack of independence and limited access to information.
Here are five such ways or conditions:
1. Lack of Independence and Objectivity In many cases, media houses may not be independent enough to report on acts of fraud and corruption without fear of backlash. This is especially true in countries where there is a high level of corruption or where the government has a significant influence on the media. Additionally, media houses may not be objective in their reporting, which can lead to incomplete or biased coverage of fraudulent activities.
2. Limited Resources and Investigative Journalism Skills Investigating acts of fraud and corruption can be costly and time-consuming, and media houses may not have the necessary resources or skills to do so effectively. As a result, they may be forced to rely on second-hand information or sources, which may not be reliable or complete.
3. Fear of Retaliation Media houses that report on acts of fraud and corruption may face retaliation from those implicated in the wrongdoing. This can include physical attacks, legal action, or threats to the safety of journalists and their families. In many cases, media houses may choose to self-censor in order to avoid such retaliation.
4. Lack of Public Interest and Support The media is more likely to report on acts of fraud and corruption when there is a strong public interest in the issue. However, in some cases, the public may not be interested in these issues, or they may not understand their significance. In such cases, media houses may not prioritize reporting on acts of fraud and corruption.
5. Limited Access to Information Finally, media houses may not have access to the information necessary to report on acts of fraud and corruption. This can be due to government censorship, restrictions on freedom of information, or a lack of transparency in government or private sector activities. Without access to such information, the media may not be able to report on fraudulent activities effectively.
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In Chapter 10, we have covered the risk management process. According to the STRATEGIES TO BE APPLIED IN THE CRISIS ENVIRONMENT, please explain; How would you lead the crisis of the war environment if you were the leader of Russia or Ukriane? What kind of a strategy would you develop during the war as one of the leaders of the fighting countries? Choose your country and and explain your strategies to be applied during the war time as the leader.
The precise approaches and steps implemented would rely on the particular conditions, objectives, and values of each nation and its leadership.
This is an opinion-based question so the answer is written in a generalizer manner.
A peaceful settlement of the problem might be sought by leaders via diplomatic discussions and consultation with other countries or through mediation. This strategy seeks to ease tensions and identify points of agreement for a peaceful conclusion.
A leader may concentrate on fortifying the nation's defenses and safeguarding its population during a crisis or conflict. This can entail deploying defensive military assets, fortifying borders, and assuring the population's security and well-being.
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Christina owns a boutique and is ordering jewelry made using semi-precious stones from a supplier in Mexico. Due to low wages in Mexico, her supplier promised an excellent wholesale price for these goods. You agree with Christina when she explains to you that international business law is very clear-cut with these dealings. As long as the supplier is not breaking any labor laws in his country, her social responsibility is covered. Group startsTrue or False
Answer:
True
Explanation:
Christina is buying jewelry from a supplier in Mexico. She is buying the jewelry at minimum possible quoted price. The wages in Mexico are low due to the presence of large number of labors. The supplier is not breaking any labor law in the country so Christina does not have more responsibility to identify whether supplier is following all laws or not.
1. Why is hospitality important in business?
2. What types of things does a hospitality manager do?
3. What courses or information would be helpful for a hospitality manager?
4. What do you think you'd like best about working as a hospitality manager?
Answer:
1. It shows you know how to do your job better.
Explanation:
It shows that you can respect your Client/Customer and have a better experience with you. Also it helps you to not get fired easily.
Amber arrives for her first interview with Overseas Ventures, Inc., fifteen minutes early, wearing a dress blouse and a business suit whose skirt hem hits her knees. During the interview, she mentions a successful cost-cutting measure she implemented on her current job. She expresses gratitude for the opportunity her current employer gave her. She mentions what her current salary is and says she hopes the prospective employer can better it. After the interview, she sends a thank-you note to the manager who interviewed her. What did Amber do wrong
Answer:
She should not have brought up salary.
Explanation:
From the question we are informed about Amber who arrives for her first interview with Overseas Ventures, Inc., fifteen minutes early, wearing a dress blouse and a business suit whose skirt hem hits her knees. During the interview, she mentions a successful cost-cutting measure she implemented on her current job. She expresses gratitude for the opportunity her current employer gave her. She mentions what her current salary is and says she hopes the prospective employer can better it. After the interview, she sends a thank-you note to the manager who interviewed her. In this case, What she did wrong was that should not have brought up salary.
An interview can be regarded as
a structured conversation between
interviewer as well as an interviewee, the interviewee could be a participant seeking for job. It is one-on-one conversation, during interview
information from a person can be obtained through oral responses of a participant. In case of the question, she should not have brought up salary.
Though she mentioned Cost reduction which was one of her strength and it's regarded as is the process engaged by companies in reducing their costs and also brings increase to their profits.
What can you get with a 750 credit score?
With a 750 score, you'll have access to credit cards with some of the best perks. These include no annual fees, sign-up bonuses and travel rewards. You'll probably also qualify for higher credit limits, giving you more options for spending throughout every month.
What is credit?Credit is the customer's ability to purchase products or services before making a payment, based on the expectation that they will have the means to pay for them in the future.Credit is a sum received that is displayed on the right side or column of an account in an entry recording for accounts.Your financial strength contributes to the credit. With the knowledge that you may make payments later, you can obtain what you need right away, like a credit card or a car loan. Making a plan to improve your mortgage ensures that you will ask for credit if necessary.The many financial reporting agencies that the borrowers use to determine the worth of the loan use your statement as the foundation to calculate your credit score.To learn more about credit refer to:
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1 số tên các doanh nghiệp độc quyền hoặc độc quyền nhóm ở Việt Nam
(13 points) APY is a(n) ____.
A. noncompounding interest rate
B. daily interest rate
C. interest rate advertised by lenders
D. interest rate advertised by borrowers
Answer:
C. interest rate advertised by lenders
Explanation:
APY stands for Annual percentage yield. It is the rate at which deposits earn interest in a checking or savings account. In other words, APY represents the amount of interest a deposit earns for one year when in a bank account.
The APY is a standardized presentation of interest to be earned. It incorporates all considerations, such as the compounding effect. APR makes it possible to compare expected returns from various financial instruments or institutions.
Why is it important to include industry terminology in a résumé and where can you find industry terminology?
Answer:
Including industry terminology will show you are "current" with the profession and know what the trends are at this time.
Explanation:
Answer: Including industry terminology will show you are “current” with the profession and know what the trends are at this time. To determine industry terminology, perform an Internet search of the job title or profession and see what terms occur frequently. If you are unsure of some terms, look them up. Some companies have their own “lingo”. Explanation:
West Corp. issued 16-year bonds 2 years ago at a coupon rate of 9.5 percent. The bonds make semiannual payments. If these bonds currently sell for 99 percent of par value, what is the YTM?
Answer:
the YTM of the bond is 9.63%.
Explanation:
Bonds price in most countries is usually expressed per $100. Taking this price into account, the Yield to Maturity (YTM) would be calculated as follows :
Pv = $100 × 99% = - $99
n = 14 × 2 = 28
pmt = ($100 × 9.5 %) ÷ 2 = $4.75
p/ yr = 2
Fv = $100
YTM = ?
Using a Financial Calculator, the yield to maturity, YTM is 9.6316 or 9.63%.
Which or these si good advice after you finish an interview
Answer:send thank you note within 24 hours of the interview
Explanation:
Creating an anonymous complaint or grievance process is something
employers can implement to prevent which of the following?
O A. Layoffs
B. Harassment
C. Taxed income
D. Arguments
Think about a situation where you had to do work under supervision. This "supervisor" could be a manager at a past or current job, a teacher in a classroom, a coach with a team or club, or even just a parent giving you chores at home. Write a few sentences describing the "production requirements" in this situation. What was expected of you?
I was expected to complete assigned tasks on time and within budget, produce high-quality work, communicate effectively and seek feedback.
What does a product mean in marketing?The thing that is being sold is referred to as a product. A services or an object both qualify as products. It might take on a literal, electronic, or cyberspace form. Every product has a cost associated with it, and each one has a price. The marketplace, the quality, the marketing, and the group that is being targeted all influence the price that may be charged.
What are the 4 types of products?Convenience goods, retail products, specialty items, and unsought goods are the four categories of products, and each is categorized according to consumer preferences, pricing, and product features.
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How do companies research potential new markets? Choose a global company who has a record of successful new market entry and explain why it has had this success, and consider also the reasons for any failures.
Explanation:
Companies search for potential new markets by collecting consumer data to understand their opinions, wants and needs, and then being able to enter a new market with a safe and effective strategy to generate profits and successes. Data collection occurs in the form of primary and secondary research. The primary research takes place directly with the consumer, it can be carried out in the form of focus groups, which is a direct analysis of the market demand researched by the consumer.
As for secondary research, information is received through third parties, such as online sites, trade associations, etc., which give an idea of market behavior.
IKEA in China is an example of a global company that entered a different market in the form of strategic adaptation to meet the needs of the Chinese, through ideas and concepts aimed at this public.
Analysis of Mueller Company's accounts show that as a result of a single transaction, both cash and notes payable increased by $10,000. Which transactions would have caused this increase?
Answer: borrowing cash and signing a promissory note.
Explanation:
Analysis of Mueller Company's accounts show that as a result of a single transaction, both cash and notes payable increased by $10,000.
The transactions that would have caused this increase are borrowing of cash and signing a promissory note. It should be noted that since the cash and notes payable increased by $10,000, it simply means that the company has borrowed funds.