Small businesses create more than 50 percent of all private u.s. gross domestic product (gdp). true/ false
Answers
Small businesses create more than 50 percent of all private u.s. gross domestic product (GDP).
The statement is true.
The almost twenty-seven million small companies inside the usa generate about 50 percent of our GDP. They also contribute to increase and power in several crucial regions of financial and socioeconomic improvement. Especially, small businesses do the following: Create jobs.
There are 30.2 million small businesses inside the u.s.a., in keeping with the Small commercial enterprise administration's (SBA) office of Advocacy. Small corporations contain 99.nine percent of all U.S. groups.
The today's facts display that there are 32. five million small businesses within the US, which account for ninety-nine. nine percent of all US companies (SBA, 2021). The Small business administration (SBA) defines a small enterprise as a firm that has fewer than 500 personnel.
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Related Questions
Miguel choose to save for a car instead of traveling around Europe with friends. Though he was sad to miss the trip, he knew it was necessary if he wanted the car. What does this scenario BEST demonstrate?
A.
opportunity cost
B.
inflation
C.
passive income
D.
personal risks
Answers
Answer:
A. opportunity cost
Explanation:
Opportunity cost is the foregone benefit as a result of not choosing a particular option. It is the forfeited advantage in the decisions making process.
Miguel forfeited visiting Europe save for a car. He sacrificed the satisfaction of visiting Europe to buy the car. The sacrificed joy is the opportunity cost.
Answer:
opportunity cost
Explanation:
if the government increases taxes on foreign steel
Answers
Answer:
it will help develop the country
A checking account
-is a time deposit account
-never earns interest
-is a demand deposit account and may have a charge for each check written
-has a limited number of withdrawals
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considering the insurance benefits needed to provide $40,000 per year over the next fifteen years, plus the additional $300,000 of insurance coverage, what amount of insurance coverage is needed?
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he total insurance coverage the family needs equals the coverage for the $40,000 in annual benefits plus $300,000 . The amount of insurance coverage is needed $340,000
Since most families today depend on two incomes, the surviving family may face financial difficulties if one income is lost. This is one of the key factors in choosing the appropriate level of life insurance.
One of the benefits of having life insurance is being able to replace lost income. Maintaining your family's ambitions is another. college educations for the kids, home ownership, and comfortable retirement savings. These goals and aspirations can come true if your life insurance makes it possible.
The Life insurance provided by your work most likely won't be sufficient to safeguard your family. To properly safeguard them if something were to happen to you, you would need supplementary life insurance.
In 20 years, the Death Benefit of Today Won't Be Enough
The price of additional life insurance purchased through an employer-sponsored plan is often more than the price you would pay if you used a life insurance broker to purchase the insurance.
Insurance coverage = coverage of annual benefits + additional coverage
$340,000 = $40,000 + $300,000
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if a price is unclear when a contract is found to exist, the ucc directs the courts to:
Answers
The Uniform Commercial Code (UCC) provides a set of rules that governs commercial transactions in the United States. When a contract is found to exist, but the price is unclear or ambiguous, the UCC provides guidance on how courts should handle such situations.
Under the UCC, if the price is not determinable at the time the contract is formed, the parties may agree to a reasonable price or leave the price to be determined by a third party. If the parties fail to agree on a reasonable price or a third party is not designated, the courts may determine a reasonable price based on factors such as the market price for similar goods, the cost of production, and any relevant industry standards. It is important to note that the UCC's guidelines for determining a reasonable price are meant to ensure fairness and equity in commercial transactions. Therefore, if a price is unclear in a contract, parties should work towards a mutual agreement on a reasonable price or be prepared to have a court determine it for them.
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Calculate tesla's current ratio (current assets / current liabilities) at the last two balance sheet dates. (round to two decimal places. )based on the current ratio, tesla was more liquid in 2020 than it was in 2019. Truefalse2 pointsquestion 9based on the debt to assets ratio (total liabilities / total assets), of tesla's assets were provided by debt in 2020 than in 2019. A. Moreb. Lessc. Same amountd. Cannot be determined2 pointsquestion 10according to the accrued liabilities note, tesla had $654 (in millions) in payroll and related costs that was unpaid at the most recent balance sheet date,a. Trueb. FALSE
Answers
Answer to Question 9:
Tesla had a higher debt to assets ratio in 2020 than in 2019. This indicates that a higher proportion of Tesla's assets were financed by debt in 2020 compared to 2019. Therefore, the correct answer is: A. More.
To calculate Tesla's debt to assets ratio, we need to divide its total liabilities by its total assets. Using the information from Tesla's annual reports for 2019 and 2020, we can find:
Debt to assets ratio for 2019 = Total liabilities / Total assets = 11,463 / 34,309 = 0.33
Debt to assets ratio for 2020 = Total liabilities / Total assets = 16,435 / 48,005 = 0.34
From the above calculation, we can see that Tesla had a higher debt to assets ratio in 2020 than in 2019. This indicates that a higher proportion of Tesla's assets were financed by debt in 2020 compared to 2019.
Therefore, the correct answer is: A. More.
Answer to Question 10:
According to the accrued liabilities note in Tesla's most recent balance sheet, Tesla had $654 million in payroll and related costs that were unpaid at the balance sheet date. Therefore, the correct answer is: A. True. This means that as of the balance sheet date, Tesla had $654 million in outstanding payroll and related expenses that it owed to its employees but had not yet paid. Accrued liabilities are a common type of short-term liability that arise when expenses are incurred but not yet paid. They are recorded on the balance sheet as a liability and reduce the company's equity.
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Danielle Corporation received $2,000,000 from investors and issued them shares of its stock. Danielle's journal entry to record this transaction would include a:
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Danielle's journal entry to record this transaction would include a:credit to common stock.
What is Journal entry?Journal entry is simply the book of original entry.
Assuming the company received the amount of $2,000,000 from investors and issued them shares of its stock the appropriate journal entry to record this transaction would include a credit to common stock,
Journal entryDebit Cash $2,000,000
Credit Common stock $2,000,000
Inconclusion Danielle's journal entry to record this transaction would include a:credit to common stock.
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What is the ROI of your mutual funds that you buy at $35,982 and sell at $41,938?
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Answer:16.52%
Explanation: casuse itis
What is Credit VS Debit
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Answer: Often people think debits mean additions while credits mean subtractions. This isn’t the case at all. Debits and credits actually refer to the side of the ledger that journal entries are posted to. A debit, sometimes abbreviated as Dr., is an entry that is recorded on the left side of the accounting ledger or T-account. Conversely, a credit or Cr. is an entry on the right side of the ledger.
Explanation:
which best deceived the nature of cause and effect in the context of the business cycle?
A. Each effect has other effects
B. Causes and effects cannot be easily defined
C. A cause has multiple independent effects
D. Each effect has a cause
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All markets economies go through periods when consumption-spending on goods and services rises. Consumers buy more, companies invest more, and production, income, profit and employment increase. These periods are always followed by periods when investment and spending fall, and unemployment rises. This is the business cycle.
This table shows the number of employees needed to fill lunch orders at several food trucks. Food Truck Number of Lunch Orders Number of Employees Frank’s Falafels 20 per hour 2 Kimchi Kim’s 25 per hour 3 Deli Delight 30 per hour 3 Lunch on the Go 25 per hour 2 Which food truck has the absolute advantage? Frank’s Falafels Kimchi Kim’s Deli Delight Lunch on the Go.
Answers
To determine which food truck has the absolute advantage, we need to compare the number of employees needed to fill lunch orders for each food truck.
Frank's Falafels requires 2 employees to fill 20 lunch orders per hour. Therefore, each employee at Frank's Falafels can handle 10 orders per hour on average.
Kimchi Kim's requires 3 employees to fill 25 lunch orders per hour. Thus, each employee at Kimchi Kim's can handle approximately 8.33 orders per hour on average.
Deli Delight also requires 3 employees to fill 30 lunch orders per hour. Hence, each employee at Deli Delight can handle about 10 orders per hour on average.
Lunch on the Go needs 2 employees to fill 25 lunch orders per hour. Thus, each employee at Lunch on the Go can handle 12.5 orders per hour on average.
Comparing these numbers, we can see that Lunch on the Go has the absolute advantage as its employees can handle the highest average number of lunch orders per hour compared to the other food trucks.
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Answer:
It's D, Lunch on the go.
Explanation:
Edge 2020.
Dr. Peabody recorded $6,820 in services provided to clients who make monthly payments. Which of the following statements is correct?
A. The dental revenues account is debited $6,820; accounts receivable is credited $6,820.
B. Accounts receivable is credited $6,820; the dental revenues account is credited $6,820.
C. Accounts receivable is debited $6,820; the dental revenues account is debited $6,820.
D. Accounts receivable is debited $6,820; the dental revenues account is credited $6,820.
Answers
Answer:
D. Accounts receivable is debited $6,820; the dental revenues account is credited $6,820.
Explanation:
The two accounts that are affected here are accounts receivables ( Assets) and the revenue account ( affects capital). The accounts receivable will increase as payment is expected at the end month. Since receivable are assets, an increase in receives is recorded as a debit of the account receivable account. $ 6,820 will be debited on the accounts receivables.
The services rendered increases the revenue to Dr. Peabody. Revenue is considered a capital account because it increases the owner's equity. An increase in a capital account is credited. Dr. Peabody will credit the dental revenue account with $6,820.
The firm's short-run supply curve is a(n) average variable cost. -sloping curve that begins at Click the answer you think is right. upward; maximum downward; maximum downward: minimum upward; minimum Do you know the answ? I know it Think so Unsure No idea
Answers
The correct answer is "upward; minimum." The firm's short-run supply curve is determined by its marginal cost curve and the portion of the average variable cost curve that lies above the marginal cost curve.
In the short run, a firm will produce at a level where its marginal cost equals the market price, as long as that price is greater than or equal to the minimum average variable cost.
As a result, the supply curve will slope upward, indicating that the firm will supply more output at higher prices. The curve will begin at the minimum point of the average variable cost curve, since the firm will not produce at a price below this level due to the inability to cover its variable costs.
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4. Congress has just passed several bills outlining the federal budget. What is the next step in the budget process?
O
The Office of Management and Budget will analyze the budget and approve or reject it.
The President will sign the budget into law or veto it and send it back to Congress.
The new budget will automatically become law.
O
The federal budget will be sent to the 50 state legislatures for approval or rejection.
Answers
The President signs the budget into law or vetoes it and sends it back to Congress.
How does the federal budget become law?
The US Congress uses a piece of legislation called an appropriations bill to allocate money to particular government departments, agencies, and projects. The funds are used to cover the costs of activities, resources, staff, and operations. Congress annually approves regular appropriations bills, which provide financing for one fiscal year.
The fiscal year, which runs from October 1 to September 30 of the following year, is the accounting metric used by the federal government. The United States Senate Committee on Appropriations and the United States House Committee on Appropriations are responsible for overseeing legislation relating to appropriations. Each of the twelve yearly regular appropriations bills is overseen by one of the twelve corresponding subcommittees from each of the two Committees.
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BOX 2.5 Case Highlight Limiting Imports of Hormone-Treated Beef Case Name and Tribunal European Communities-Measures Concerning Meat and Meat Products (Hormones) (WTO Appellate Body, 1998)17 Facts In response to concerns of EU citizens about the risks presented by beef injected with natural and synthetic growth hormones, the European Union imposed a ban on the import of such beef. The United States challenged the restriction under the SPS Agreement, claiming that the panel reviewing the issue evalu- ated the risk associated with the use of hormones for growth promotion twice and the only evidence on record showed that the studies looked at a "theoretical framework for the systemic analysis of such problems" but did not actually investigate and evaluate the problems that arise from the use of such hormones. Issue Did the EU's ban on hormone-treated beef comply with the re- quirements of the SPS Agreement? Decision A risk assessment, as required by Article 5.1, is "a scientific process aimed at establishing the scientific basis for the sani- tary measure a Member intends to take." The ban was found not to be based on a risk assessment that followed scientific principles and procedures and, therefore, was in violation of the SPS Agreement. Analysis/Application In order to rely on exceptions to the GATT under the Agree- ment on Technical Barriers to Trade (TBT Agreement), member states must rely on sound scientific principles and provide evi- dence of such. Aftermath The case raised difficult issues and required a consideration of the uncertainty presented by divisions of scientific opinion. The European Union was unwilling to remove its restrictions on the import of the hormone-treated beef, with the result that the WTO in 1999 authorized the United States and Canada to col- lect penalties of more than $100 million per year in extra duties on European exports. The European Union brought the issue back to the WTO, where unprecedented open hearings were held in 2005. The European Union argued that new scientific evidence showed that the European Union complied with the 1998 WTO judgment. The impasse between the United States and the European Union was settled by way of a negotiated agreement in 2012 in which the European Union kept its ban on importing hormone-treated beef but increased its quota for importing beef from Canada and the United States.
Answers
The case mentioned is the European Communities-Measures Concerning Meat and Meat Products (Hormones) case, which was brought before the WTO Appellate Body in 1998.
The case involved a dispute between the European Union (EU) and the United States regarding the EU's ban on the import of beef treated with growth hormones.
The EU had imposed the ban in response to concerns raised by its citizens regarding the potential risks associated with the consumption of beef injected with natural and synthetic growth hormones. The United States challenged the ban, arguing that the EU had not conducted a proper risk assessment as required under the Agreement on the Application of Sanitary and Phytosanitary Measures (SPS Agreement).
The Appellate Body, in its decision, determined that the EU's ban on hormone-treated beef did not comply with the requirements of the SPS Agreement. It stated that a risk assessment should be a scientific process aimed at establishing the scientific basis for the sanitary measure, and the EU's ban did not follow scientific principles and procedures.
The case highlighted the importance of relying on sound scientific principles and providing evidence when implementing trade measures that may restrict imports. Under the Agreement on Technical Barriers to Trade (TBT Agreement), exceptions to the General Agreement on Tariffs and Trade (GATT) require adherence to scientific principles.
The aftermath of the case resulted in tensions between the United States and the European Union, with the WTO authorizing the United States and Canada to impose extra duties on European exports. Subsequent efforts were made to resolve the dispute, and in 2012, a negotiated agreement was reached. The European Union maintained its ban on importing hormone-treated beef but increased its quota for importing beef from Canada and the United States.
Overall, the case showcased the challenges of balancing trade restrictions based on public health concerns and the need to ensure that such measures are supported by scientific evidence and comply with international trade agreements.
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what is construction production
Answers
Answer:
The production in construction index is a business-cycle indicator which measures the monthly changes in production of buildings (residential and non-residential) and of civil engineering (roads, railways, bridges, tunnels, utility projects).
what is the law of demand and supply
Answers
Answer:The law of supply and demand is a theory that explains the interaction between the sellers of a resource and the buyers for that resource. The theory defines what effect the relationship between the availability of a particular product and the desire (or demand) for that product has on its price.
Explanation:
Which of these is a reason why a company may want to recruit internally? A Better chance of fresh ideas o B. Broader experience within the industry c. Familiarity with the company mission D. Saving money on salaries
Answers
Answer:
C. Familiarity with the company mission.
Explanation:
As a corporate director, I tend to seek talent within our organization for this very reason. Long term team members whom plan on growing with our organization are, at times, best suited for roles above their current level due to their loyalty and familiarity with the company mission. Promoting within gives great culture to a company and adds to overall moral.
Which leadership skill do you feel is most important for a small business to succeed for a
long time? Explain your answer using examples. It's depends on the business that they are doing because they all have strengths and weakness.
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Who are the majority of businesses in resort towns targeted to?
O
seniors
O
tourists
O
employees
investors
Answers
The majority of businesses in resort towns target tourists.
Who is the luxury hotel industry's target customer?As you can see, a wide range of people from across all walks of life who are prepared to pay a little extra for the luxury hotel experience makes up the target audience for luxury hotels.
What advantages come from forming and focusing on prospect groups?Overall, specialization is the main advantage of identifying and pursuing niche markets. Finding more wealthy guests who will gush about your hotel will be easier if you can be more precise with your market segmentation.
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What is an advantage of investing pre-tax dollars in a retirement account?
Answers
One advantage of investing pre-tax dollars in a retirement account is that it can lower your taxable income in the year you make the contribution.
By reducing your taxable income, you also lower your tax bracket, which can have a significant impact on the amount of taxes you pay. Additionally, since the investment grows tax-free within the account, you can potentially accumulate more savings over time, as compared to investing in a taxable account. Another advantage is that many retirement accounts offer tax-deferred growth, meaning that you do not have to pay taxes on any investment gains until you withdraw the funds in retirement. This can result in a larger nest egg, since you are able to reinvest the earnings and allow them to grow tax-free for many years. Overall, investing pre-tax dollars in a retirement account can help you save on taxes, accumulate more savings, and potentially increase your retirement income.
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Jeff has been extremely aggressive since childhood. He pursues a career in boxing, which provides a socially acceptable channel to express his aggression. This scenario best illustrates the defense mechanism called
Answers
The scenario described best illustrates the defense mechanism called sublimation.
Sublimation is a psychological defense mechanism in which socially unacceptable impulses, such as aggression, are channeled into socially acceptable activities or outlets. In this case, Jeff's aggressive tendencies are redirected into the sport of boxing, which provides a legitimate and socially accepted avenue for expressing and channeling his aggression.
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Help!!!
Assume that you have been newly hired to a great company and you would like to keep your job. What are some of the strategies that you can demonstrate in order to keep your job in a competitive market? In a paragraph or two, describe at least three of these strategies and give reasons why you believe they are important.
Answers
Answer: give him the brainlyst kasliwalalvi24Ambitious1.6K answers5.7M people helpedWork ethics is defined as the set of moral values, benefits, and virtue by which an individual can strengthen their character and abilities. It is based on the determination, importance of work, and desire to work hard. The three ways in which a newly hired employee can do great at the company are:1. Integrity and Honesty are the two values that are most important in a workplace. The individual should be honest about the work and work with full determination. 2. Discipline and Responsible for the kind of work the individual is doing. The person should have the desire to work hard, responsibly, and have the discipline to achieve promotion in a company. 3. Productivity and communication are also the key elements of work ethics. The person should increase and bring out productivity every day and have excellent communication skills. Therefore, responsibility, honesty, hard work, and discipline are some of the elements to achieve great at a company. To know more about work ethics, refer to the following link:brainly.com/question/7129473
Explanation:
Entrepreneur: Ken Kutaragi While employed as a sounds lab specialist at Sony, Ken Kutaragi bought his daughter a Nintendo (a game console made by a competitor of Sony). He found the sound effects primitive and thought he could make improvements to it using a digital sound clip. Consequently, Ken developed the SPC7000 for the next generation of Nintendo machines. On discovery of this innovation, the then CEO of Sony, Norio Ohga, realized its value and did not chastise Ken. Instead, he encouraged Ken to develop a gaming system for Sony, which became the PlayStation. This made Sony a major player in the games market, with PlayStation 2 becoming the best-selling game console of all time. Ken was persistent and he went on to develop other PlayStation products earning him the name The Father of the PlayStation. He was soon rewarded for his significant achievement. He was promoted to the position of Chairman and Chief Executive Officer of Sony Computer Entertainment (SCEI), the video game division of Sony Corporation, and made it into a major profit centre for the Sony Corporation.
(a) Distinguish between creativity and innovation. [6 marks]
(b) Name FIVE things which the management of Sony Computer Entertainment Inc did (in relation to Ken) to promote a culture of creativity. [5 marks]
(c) With reference to the case, identify TWO sources of innovation that was utilized by Kutaragi. [4 mmarks
please help!!
Answers
A creativity was to represent on the different way and innovation was the existing things to the involved new things.
What is innovation?The term innovation refers to the process of creating an idea and invention on particular commodities. The innovations are always easy to work for human. They already exist in goods and services, they also modification is called the innovation.
There are five things to promote the management of Sony Computer Entertainment was the promote a culture of creativity was the new way a digital sound clip, design, eco friendly, reusable, and the other things. Two way of innovation are sound pitch, and volume.
As a result, the conclusion of the sources of innovation and the creativity are the aforementioned.
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Invoices are comparable to bills.
True
False
Answers
There are 8,536 dog owners in a town and a pet supply store wants to survey those owners to determine what types of dog-grooming services and supplies they prefer. The researchers want to have completed surveys from 4 percent of the owners and experience has shown that 60 percent of all people asked will complete a survey. How many people should be selected to participate in order to have the correct number of completed surveys?
Answers
The number of people that need to be selected for the researchers to have the correct number of completed surveys is 569 people
How to find the number of people?First, find out 4% of the number of dog owners in town as this is the amount of people that the researchers want to complete surveys:
= Number of dog owners in town x 4%
= 8, 536 x 4%
= 341 people
This 341 people would then need to represent only 60% of the number of people that need to be selected to participate as only 60% of people complete surveys.
The number of people to be selected is:
= 4% of the people / 60 %
= 341 / 60%
= 569 people
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If on receiving a checking deposit of $300 a bank's excess reserves increased by $255, the required reserve ratio must be
Answers
If on receiving a checking deposit of $300 a bank's excess reserves increased by $255, the required reserve ratio must be 15%.
What is the required reserve ratio?The required reserve ratio is the fraction of deposits that the Federal Reserve requires banks to hold as reserves.
The reserve ratio can be computed by dividing the difference between the deposit and the increase in excess reserves by the original deposit and multiplying by 100.
Data and Calculations:Checking deposit = $300
Increase in excess reserves = $255
Required reserve = $45 ($300 - $255)
Reserve ratio = 15% ($45/$300 x 100)
Thus, if on receiving a checking deposit of $300 a bank's excess reserves increased by $255, the required reserve ratio must be 15%.
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Assigning common fixed costs to segments impacts ______.
Answers
Both the segment margin and total corporate profit are affected by the assigning of common fixed costs to segments
What is a Common Fixed cost?A common fixed cost refers to a fixed cost which supports the firm activities of the different business segments.
Usually, it is very hard to separate the common fixed cost from each segment or unit.
In conclusion, the segment margin and total corporate profit are affected by the assigning of common fixed costs to segments.
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Answer:
segment margin only
Explanation:
an increase in the u.s. interest rate question 5 options: raises the opportunity cost of holding dollars. induces households to increase consumption. shifts money demand to the right. leads to a depreciation of the u.s. dollar.
Answers
An increase in the US interest rate raises the opportunity cost of holding dollars, shifts money demand to the right, and leads to a depreciation of the US dollar.
The opportunity cost of keeping dollars rises as the US interest rate rises because investors may earn greater returns elsewhere. As a result, the demand for money shifts to the right as people and businesses need more money to cover their increasing borrowing expenses. As investors look for greater returns in other currencies, this change may cause the value of the US dollar to decline.
However, as families may decide to save more and borrow less, decreasing the chance of induced consumption, an increase in interest rates may also result in a fall in consumer expenditure.
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You can buy property today for $3.3 million and sell it in 5 years for $4.3 million. (You earn no rental income on the property.)
a. If the interest rate is 9%, what is the present value of the sales price? (Do not round intermediate calculations. Enter your answer in millions rounded to 3 decimal places.)
Present value $ million
b. Is the property investment attractive to you?
Yes
No
c-1. What is the present value of the future cash flows, if you also could earn $230,000 per year rent on the property? The rent is paid at the end of each year. (Do not round intermediate calculations. Enter your answer in millions rounded to 3 decimal places.)
Present value $ million
c-2. Is the property investment attractive to you now?
Yes
No
Answers
The current worth of the sales cost can be determined to $3.118 million.
a. The current worth of the business cost can be determined involving the recipe for present worth:
Present Worth = Future Worth/(1 + Premium Rate)^Number of Years
Present Worth = $4.3 million/(1 + 0.09)^5
= $3.118 million.
b. Since the current worth of the deals cost is not exactly the ongoing property cost ($3.3 million), the property speculation isn't alluring at a loan fee of 9%.
c-1. On the off chance that the property could produce an extra $230,000 in yearly lease, the current worth representing things to come incomes can be determined involving the recipe for the current worth of an annuity:
Present Worth = Yearly Lease × [(1 - (1 + Premium Rate)^(- Number of Years))/Premium Rate]
Present Worth = $230,000 × [(1 - (1 + 0.09)^(- 5))/0.09]
= $923,366.165.
c-2. With the incorporation of rental pay, the property speculation becomes appealing since the current worth of future incomes ($923,366.165) surpasses the ongoing property cost ($3.3 million).
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