What is the present value of $11000 paid at the end of each of the next 101 years if the interest rate is 13% per year?
Answers
The value of a sum of money that will be received in the future in the present. Therefore, $1,000 today equals $1,100 after a year (at 10% interest).
If the proper interest rate is 10%, then $100 divided by 1.10, or $91, represents the present value of $100 spent or earned one year from now.
Is the value of money that will be paid or received in the future expressed in today's dollars or something else?The idea of present value holds that a sum of money is worth more today than it will be tomorrow. Or, to put it another way, money received in the future is not as valuable as money obtained today in an identical quantity. Getting $1,000 today is more valuable than getting $1,000 in five years.
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Related Questions
hr managers are using social tools to build relationships with ________ inside the organization.
Answers
HR managers are using social tools to build relationships with employees inside the organization.
HR managers are recognizing the importance of building strong relationships with employees as a way to improve employee engagement, retention, and overall organizational success. Social tools such as internal social media platforms, chat apps, and collaboration software allow HR managers to communicate more effectively and efficiently with employees. Through these tools, HR managers can share important information, provide support and feedback, and create a sense of community within the organization. By building relationships with employees, HR managers can also gain valuable insights into employee needs and preferences, which can help inform HR policies and practices. Overall, the use of social tools by HR managers represents a powerful way to enhance communication, collaboration, and engagement within the organization.
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Place the steps in order for inserting a video link into a document.
Place the cursor at the
insertion point
Click the Online Video
button
Preview the video before
saving the document
Click Insert tab
Search for and select the
video
Answers
Choose Online Video from the ribbon's Insert tab. Insert the URL you copied in step 2 into the Insert Video dialog box. Choose Insert.
What actions are required to add a hyperlink to a document?Make a link to a specific web page.
The text or image that you want to appear as a hyperlink should be selected. Input Ctrl+K. You may also choose Link from the shortcut menu by right-clicking the text or image and selecting it.
What is the best way to add a video to a Word document?
Add a video, sound, or movie to Microsoft Word, PowerPoint, or Excel.
Click Object from the Insert menu, then select the Create from File tab.
Locate the movie (or sound wave) you wish to insert by clicking Browse and then browsing.
Choose a movie (video clip or sound wave)
Press Insert.
Double-click a media file's icon to start playing it.
Select OK.
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what is a main reason business needs government regulations? select one: a. to assist in executing worthwhile causes b. to protect the interest of society and consumers c. to help companies be successful d. to provide financial assistance when needed
Answers
b) Businesses need government regulations to protect society and consumers by ensuring ethical operations, fair competition, consumer safety, and environmental sustainability.
The main reason businesses need government regulations is to protect the interest of society and consumers. Regulations ensure that businesses operate ethically, responsibly, and in compliance with standards that safeguard public health, safety, and fair competition. Government regulations help prevent fraudulent practices, misleading advertising, and the exploitation of consumers. They set guidelines for product quality, environmental sustainability, and workplace safety, ensuring that businesses prioritize the well-being of individuals and communities. Regulations also promote fair competition by preventing monopolies, price-fixing, and anti-competitive practices that could harm consumers or stifle innovation. By establishing a level playing field, regulations foster trust and confidence in the marketplace. Moreover, regulations play a vital role in sectors such as finance, healthcare, and food safety, where public oversight is crucial to maintain stability, protect vulnerable populations, and prevent systemic risks. Overall, government regulations balance the interests of businesses with the broader welfare of society and consumers.
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Carla has three messages she needs to transmit. One is a long message to a client detailing an upcoming business deal. One is notification of an upcoming clearance sale for all of her customers to attend. One is a quick request for a colleague to attend a meeting next week. How should Carla MOST effectively communicate these messages? What is the MOST appropriate channel for sending each of these messages and why?
Answers
Calling or using instant messaging would be the best option for such a brief message in communication channel. Carla can get a prompt answer and discuss any relevant facts or queries over the phone.
Long statement outlining to a client a future business agreement: Email would be the best option for such a lengthy communication. Carla can send all the necessary information in writing via email, which is a professional and official approach to transmit important information. In Communication channel announcing a sale that any of her customers are welcome to attend: Social media or a business newsletter could be used to successfully communicate such a large-scale announcement. Carla can select the most efficient medium for each communication to make sure it gets heard and understood as soon as possible.
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How many days do you have to register a newly purchased vehicle?
Answers
On the off chance that you buy a vehicle from an person or trade (other than a merchant) in a casual/private deal, you're required to apply for the Georgia title and enlistment inside seven trade days of the buy date.
How long do you've got to enroll a car after purchase MN?
A 60-dayHow before long do I got to get Minnesota enlistment for my vehicle? Modern inhabitants have a 60-day beauty period in which to enlist their cars, traveler vans, 3/4 ton or less pickups, cruisers, utility trailers or house trailers as long as the shown permit plates are current.
How numerous days do you have got to enroll a recently obtained vehicle in PA?
20 days All modern inhabitants are required to form application for Pennsylvania title and enlistment of their vehicle(s) inside 20 days of setting up residency in Pennsylvania.
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What is the difference between the conditions of secured and unsecured loans?
Question options:
Collateral is required from the borrower for secured loans; no requirement for collateral is required for unsecured loans.
Larger down payments are required for secured loans; smaller down payments are required for unsecured loans.
Longer payment schedules are associated with secured loans; shorter payment schedules are associated with unsecured loans.
At least two cosigners are required for secured loans; only one consigner is required for unsecured loans.
Answers
Answer:
if you are approved for a secured loan, a lender will put a lien on an asset until the loan is paid off. An unsecured personal loan, by contrast, does not require any collateral. Examples of unsecured loans can include credit cards, student loans, unsecured personal loans, and unsecured personal lines of credit.
problem 2-21 (static) prepare an income statement, balance sheet, and statement of changes in stockholders' equity; analyze results lo 2-2, 2-3, 2-4 the information on the following page was obtained from the records of breanna incorporated: accounts receivable $ 40,000 accumulated depreciation 104,000 cost of goods sold 280,000 income tax expense 15,000 cash 130,000 net sales 420,000 equipment 240,000 selling, general, and administrative expenses 59,000 common stock (36,000 shares) 180,000 accounts payable 30,000 retained earnings, 1/1/22 34,000 interest expense 6,000 merchandise inventory 54,000 long-term debt 80,000 dividends declared and paid during 2022 24,000 except as otherwise indicated, assume that all balance sheet items reflect account balances at december 31, 2022, and that all income statement items reflect activities that occurred during the year ended december 31, 2022. there were no changes in paid-in capital during the year. required: prepare an income statement and statement of changes in stockholders' equity for the year ended december 31, 2022, and a balance sheet at december 31, 2022, for breanna incorporated. based on the financial statements that you have prepared for part a, answer the questions in parts b-e. what is the company's average income tax rate? what interest rate is charged on long-term debt? assume that the year-end balance of long-term debt is representative of the average long-term debt account balance throughout the year. what is the par value per share of common stock? what is the company's dividend policy (i.e., what proportion of the company's earnings is used for dividends)?
Answers
An summary of the company's financial performance for a certain time period is offered by the income statement.
What are an income statement and a balance sheet?The balance sheet provides a concise overview of a company's financial situation at a particular period. An summary of the company's financial performance for a certain time period is offered by the income statement. In order to offer correct information, it is further classified to include assets, liabilities, and shareholder's equity.cumulative depreciation of $40,000 on accounts receivable Cost of goods sold: 104,000; income tax expense: 280,000 15,000 cash Net sales of $130,000 240,000 in selling, general, and administrative costs, 420,000 in equipment 59,00 common shares (36,000 shares) $180,000 in payables Retained profits of $30,000. 1/1/22 34,000 in interest costs 6,000 items in the supply Long-term debt of 54,000 80,000 dividends announced and paid during 2022, excluding when specifically stated differently,To learn more about income statement refer to:
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Define the following:
1. Allocation of resources
2. Economic system
3. Market economy
Answers
1. Allocation of resources
apportionment of productive assets among different uses.
2. Economic system
by which societies or governments organize and distribute available resources, services, and goods across a geographic region or country.
3. Market economy
an economic system where two forces, known as supply and demand, direct the production of goods and services.
eg: US, Japan
c) 4 benefits which membership in a trade union can bring to employees are
Answers
Answer:
seguro de servicios medicos, la paga de horsa extras, la antiguedad, las pensiones,
Answer:
Unions are associated with higher productivity, lower employee turnover, improved workplace communication, and a better-trained workforce. There is a substantial amount of academic literature on the following benefits of unions and unionization to employers and the economy: Economic growth. Productivity.
Explanation:
With job ______, workers who spend all their time in one routine task can instead move from one task to another.
O rotationO affiliationO achievementO power
Answers
With job rotation, workers who spend all their time in one routine task can instead move from one task to another.
Job rotation is a strategy used by organizations to help workers avoid monotony and increase job satisfaction. This approach involves moving workers from one task to another within an organization, allowing them to develop new skills and gain experience in different areas. By rotating employees between different roles, organizations can also benefit from a more flexible workforce, with employees who are able to adapt to new challenges and opportunities.
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The Hull Petroleum Company and Inverted V are retail gasoline franchises that compete in a local market to sell gasoline to consumers. Hull and Inverted V are located across the street from each other and can observe the prices posted on each other's marquees. Demand for gasoline in this market is Q= 80-12 and both franchises obtain gasoline from their supplier at $410 per gallon. On the day that both franchises opened for business, each owner was observed changing the price of gasoline advertised on its marquee more than 10 times: the owner of Hull lowered its price to slightly undercut Inverted V's price, and the owner of Inverted V lowered its advertised price to beat Hull's price. Since then, prices appear to have stabilized. Under current conditions, how many gallons of gasoline are sold in the market, and at what price? Instructions: Enter your responses rounded to the nearest two decimal places Gallons sold: Price: $
Answers
Answer:
I believe that the demand equation is incomplete, since there is no price (P).
If we just solve this equation like it is, the quantity demanded = 80 - 12 = 68 gallons
if we add the price into the equation:
Q = 80 - 12P
since this is a competitive market, in order to maximize profits, marginal revenue = marginal cost = $4.10 per gallon (not $410).
That means that both companies will sell gasoline at $4.10 per gallon
equilibrium quantity = 80 - (12 x 4.10) = 30.8 gallons of gasoline
explain the difference between a free good and an economic good
Answers
Answer:n economic good is a good or service that has a benefit (utility) to society. Also, economic goods have a degree of scarcity and therefore an opportunity cost. This is in contrast to a free good (like air, sea, water) where there is no opportunity cost – but abundance.
Explanation: Hope this helps example of economic good "Goods are divided as free goods and economic goods. Free goods are those goods which are free of cost and economic goods are available for a particular price. Among the given options, sunshine, rainfall and air are examples of free goods and a bottle of water is an example of economic good."
Examples of free goods are ideas and works that are reproducible at zero cost, or almost zero cost. For example, if someone invents a new device, many people could copy this invention, with no danger of this "resource" running out. Other examples include computer programs and web pages.
ANSWER PLS TIMED
A management consultant to a large transportation company is considering recommending that the company use the Just-In-Time (JIT) management philosophy throughout its operations. Which of these characteristics of the company would probably support the advice to implement the JIT management philosophy? (Select all that apply.)
the freight of the company is widely varied, as are its destinations
the company owns larger warehouses in some major locations
the company engages in mostly international transportation of goods
the company has recently developed partnerships with new subcontractors in its local hubs
Answers
Based on the given options, the characteristic(s) that would support the recommendation to implement the JIT management philosophy are:
The company owns larger warehouses in some major locations:The company has recently developed partnerships with new subcontractors in its local hubsHow to implement the JIT management philosophyJIT involves keeping inventory levels low and only ordering or producing goods when they are needed. Having larger warehouses would allow the company to store smaller quantities of inventory while still being able to meet customer demand quickly.
JIT requires close coordination between suppliers, manufacturers, and distributors to ensure that goods are delivered on time. Developing partnerships with subcontractors could facilitate this coordination and improve the efficiency of the company's operations.
The other options are less relevant to the decision to implement JIT. The widely varied freight and destinations would make it difficult to implement JIT, as it may be challenging to predict demand accurately.
Mostly international transportation of goods may also present challenges for implementing JIT, as it involves longer lead times and more complex supply chains.
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_____ is an approach used to capture user-provided information, such as information from warranties, surveys, user registrations, and contest-entry forms completed online.Select one:a. Search engine optimizationb. Implicit personalization techniquec. Explicit personalization techniqued. Phishing
Answers
The approach used to capture user-provided information, such as information from warranties, surveys, user registrations, and contest-entry forms completed online is explicit personalization technique (Option c).
Explicit personalization technique is the method of collecting user-provided information like demographics, psychographics, buying habits, preferences, and more via forms filled online by the user. Explicit personalization technique involves collecting the data directly from users through forms or surveys that they fill out during registrations or purchases. Explicit personalization technique is transparent and involves taking the user’s consent and approval to use their information. It is also important for maintaining user privacy and to prevent data misuse.Therefore, the correct option is c. Explicit personalization technique.
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all of the following are typical characteristics of emerging markets except group of answer choices rapid industrialization rapidly declining trade barriers low competition attracting significant foreign dire
Answers
All of the following are typical characteristics of emerging markets except low competition.
Emerging markets are commonly associated with rapid industrialization, rapidly declining trade barriers, and attracting significant foreign direct investment. These markets often experience fast-paced economic growth and development, leading to increased industrial activities and infrastructure expansion. The reduction of trade barriers encourages international trade and investment.
Additionally, emerging markets tend to attract substantial foreign direct investment due to their growth potential and favorable investment conditions. However, low competition is not typically considered a characteristic of emerging markets. Instead, emerging markets often feature increased competition as new businesses and industries emerge and compete for market share in the growing economy.
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7. The exchange rate is the interest rate that foreign banks receive when borrowing money from the United States.
Answers
The exchange rate is the interest rate that foreign banks receive when borrowing money from the United States.That statement is not accurate.
An exchange rate is the rate at which one currency can be exchanged for another. It is the value of one currency expressed in terms of another currency.
For example, the exchange rate between the US dollar and the euro determines how many euros can be exchanged for one US dollar.
Interest rates, on the other hand, are the rates at which banks lend money to borrowers or pay depositors for holding their money in a bank account.
Interest rates can affect exchange rates indirectly by influencing the demand for a currency, but they are not the same thing as exchange rates.
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Craig was scheduled to attend a meeting about a new project, but the flu kept him at home. What can Craig do to catch up on the outcome of the meeting once he has recovered?
Answers
Answer:
Read the minutes from the meeting
Explanation:
At every formal meeting, there someone assigned to take minutes of the proceedings. The minutes detail the discussion and resolutions made at the meeting.
Once Craig has recovered, he should make efforts to get a copy of the minutes. By reading the minutes, Craig will be up to speed with the outcome of the meetings.
adibas desires to establish the retail selling price for its new skateboard on the basis of perceived value. the average market price for this item is $10.50. consumers, when asked to allocate 100 points among adibas and four other competitors, gave adibas an average of 30 points. your recommended pv-based adibas retail price?
Answers
Based on Perceived Value Pricing, Adibas should sell its new skateboard on retail price of $15.75.
Perceived value represents the customers' perception of a product's merit and desirability to them compared to a competitor's product. Perceived value represents the customer's willingness to pay the price for a specific product.
Perceived value-based pricing is a pricing strategy based on a consumer's perceived value of a product. Perceived value-based pricing is customer focused and relayed on the consumers' believe on a product.
From the case, we know that Adibas expected retail price is $10.50. Adibas received 30 points on the customers' perpective research.
To decide whether this is a good result or not, we have to compare Adibas' points to the standard average perception, where the average perception point could be calculated by dividing the total points with the total competitors compete in the market. The average perception is:
Average perception = 100/5
Average perception = 20
Adibas' perception = 30
Adibas' perception > Average perception
Next, we have to find the perceived value-based multiplier by comparing Adibas' perception point and average perception point:
Perceived value-based multiplier = 30/20 = 1.5
The suggested price for Adibas' new skateboard is:
Suggested price = Perceived value-based multiplier x expected retail price
Suggested price = 1.5 x $10.50
Suggested price = $15.75
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Because susans standard deduction is greater than the amount she made, it turns out that Susan never owed taxes. How large of a refund should she expect from the Federal
government if she follows through on filing her 1040 form
Answers
Note that if Susan's standard deduction is greater than the amount she made, it means her taxable income is zero. If she had any taxes withheld from her paychecks throughout the year, she would be eligible for a full refund of those taxes.
What is the rationale for the above response?Assuming Susan is a single taxpayer under the age of 65 and not claimed as a dependent on anyone else's tax return, her standard deduction for tax year 2022 (filing in 2023) would be $12,950.
If Susan's total income for the year is less than or equal to $12,950, she would owe no federal income tax and would be eligible for a full refund of any federal income tax withheld from her paychecks or estimated tax payments she made throughout the year.
The exact amount of her refund would depend on how much federal income tax was withheld from her paychecks or paid in estimated tax payments throughout the year. Susan can determine the amount of her refund by completing her tax return using Form 1040 and any other applicable forms and schedules.
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What is the product 0.3 × 8.7? please help me
Answers
Answer:
2.61
Explanation:
ben is the marketing manager for a sporting goods store chain. he uses a target return pricing strategy because his firm's primary objective is to:
Answers
A target return pricing strategy is an important pricing strategy that Ben, the marketing manager for a sporting goods store chain, uses to achieve his firm's primary objective.
This strategy is used to ensure that the store chain will generate a predetermined and desired return on investment. The desired return on investment is based on the company's desired profit margin and the store chain's target sales volume.
In order to reach this target return, Ben must carefully analyze the pricing and cost structure of the store chain's products and services. He must also consider the pricing of the competitors and the overall market conditions.
Additionally, he must consider the customer's perceived value of the products and services in order to set the most appropriate prices. By carefully considering all of these factors, Ben can ensure that his store chain will achieve their desired return on investment and reach their target sales volume.
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Ben, the marketing manager for a chain of sporting goods stores, employs the target return pricing strategy as a key pricing tactic to accomplish his company's main goal.
This tactic is employed to guarantee that the chain of stores will produce the specified and desired return on investment. The target sales volume for the shop chain and the intended profit margin for the corporation determine the desired return on investment.
Ben will need to conduct a thorough analysis of the costs and pricing of the goods and services offered by the network of stores in order to meet this goal return. He must also take into account the pricing of the rivals and the general state of the market. In order to determine the best rates, he must also take the customer's perception of the worth of the goods and services into account. Ben can make sure that his network of stores will get the appropriate return on investment and hit its target sales volume by carefully taking all of these aspects into account.
Complete question:
ben is the marketing manager for a sporting goods store chain. he uses a target return pricing strategy because his firm's primary objective is to the pricing?
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What is the purpose of an apartment lease?
a. It provides the budget you'll use for all of your household expenses
b. It outlines the amount of rent you'll pay, when it is due, and key obligations and rights of living
in the property
c. It provides insurance if any guests to your apartment are injured on the property
d. It makes it illegal for your landlord to evict you from the property
Answers
The purpose of an apartment lease is b. It outlines the amount of rent you'll pay, when it is due, and key obligations and rights of living in the property.
What is an apartment lease used for ?An apartment lease serves as a legally binding contract that establishes the rights and responsibilities of both parties involved. It delineates key aspects such as the duration of the lease, renewal terms, security deposit requirements, maintenance responsibilities, restrictions on alterations or subleasing, and rules governing the use of the property.
It acts as a comprehensive framework that governs the landlord-tenant relationship and ensures a clear understanding of the rights, obligations, and expectations for both parties.
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Each tile shows an investors tax bracket
Answers
Jones Distributors had the following revenue-related transaction during December: Collected cash for services provided in November, $24,000 Provided services on account, $49,000, of which Jones collected $28,000 Received $4,000 on December 1 for services to be provided evenly in December and January. According to the revenue recognition principle, how much revenue should Jones record for December?
Answers
Answer: $51,000
Explanation:
Jones Distributors following the Revenue recognition principle means that they will only recognize revenue when they have earned it i.e, when they have provided the services for which they were paid to do.
They provided services on account for $49,000 in December
They received $4,000 to provide services evenly in December and January which means that half was done in December so;
= 4,000/2
= $2,000
Total revenue in December = 49,000 + 2,000
= $51,000
the overall views and interests of the owners and the managers are:
Answers
The overall views and interests of the owners and managers are typically focused on the success, growth, and sustainability of the business, while also ensuring stakeholder satisfaction and maintaining a positive work environment.
Owners are more concerned with the long-term profitability and business strategy, while managers focus on the day-to-day operations and employee management to achieve the desired goals.However, the overall views and interests of owners and managers may vary depending on their personal beliefs, values, and goals. Some owners and managers may prioritize profit and growth, while others may prioritize employee satisfaction and community impact.
It is important to note that the views and interests of owners and managers can also change over time due to various factors such as market trends, industry changes, and personal experiences.
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fid the higest common factor of
21a²b and 49ab²
Answers
Answer:
7ab
Explanation:
21a²b = 7ab * 3b
49ab² = 7ab * 7b
for the purpose of tort liability, intent can be transferred when an individual intends to harm one individual but unintentionally harms another. T/F
Answers
The given statement "for the purpose of tort liability, intent can be transferred when an individual intends to harm one individual but unintentionally harms another" is true because in tort law, intent can be transferred from the intended victim to an unintended victim if the individual intended to cause harm to one person but instead caused harm to another.
This is known as transferred intent. For example, if someone shoots a gun at one person but misses and hits another person, they may still be held liable for the harm caused to the unintended victim because their intent to cause harm was transferred. This principle allows for accountability and compensation for all victims of harmful actions, even if they were not the intended target.
The key element is that the defendant had a wrongful intent towards someone, and their actions resulted in harm, even if the harm was caused to an unintended party. This ensures that victims are protected and defendants cannot escape liability simply because they harmed the "wrong" person.
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How do you give brainliest?
Answers
Answer:
you press the crown
Explanation:
Answer: you have to wait a lil bit then get back on the question you answer then it'll show a crown in the side of you screen and press it if you want to
Explanation:
On August 15, 2013, Willis Inc. acquired all of the outstanding common stock of Bork Inc. paying $7,400,000 cash. The book values and fair values of Willis' assets and liabilities are listed below:
• Book Value Fair Value
• Accounts Receivable 1,080,000 975,000
• Inventories 1,620,000 2,400,000
• Property, Plant and equipment 5,400,000 6,975,000
• Accounts Payable 1,800,000 1,800,000
• Bonds Payable 2,700,000 2,475,000
Required:
Prepare the journal entry to record the acquisition by Willis Inc.
Answers
The journal entry to record the acquisition by Willis Inc. would be as follows:
Debit:
Accounts Receivable: $975,000
Inventories: $2,400,000
Property, Plant and Equipment: $6,975,000
Bonds Payable: $2,475,000
Goodwill: $4,150,000
Credit:
Cash: $7,400,000
Accounts Payable: $1,800,000
Cash (plug): $200,000
To record the acquisition by Willis Inc., we need to account for the assets and liabilities acquired and the cash paid. The fair values of the assets and liabilities are used for recording the transaction.
Accounts Receivable:
The book value is $1,080,000, but the fair value is $975,000. Therefore, we debit Accounts Receivable for $975,000.
Inventories:
The book value is $1,620,000, but the fair value is $2,400,000. Therefore, we debit Inventories for $2,400,000.
Property, Plant and Equipment:
The book value is $5,400,000, but the fair value is $6,975,000. Therefore, we debit Property, Plant and Equipment for $6,975,000.
Accounts Payable:
The book value and fair value are both $1,800,000. Therefore, no adjustment is needed.
Bonds Payable:
The book value is $2,700,000, but the fair value is $2,475,000. Therefore, we debit Bonds Payable for $2,475,000.
Goodwill:
Goodwill is an intangible asset that represents the excess of the purchase price over the fair value of identifiable net assets acquired. To balance the entry, we calculate the difference between the total debits and credits and debit Goodwill for that amount. In this case, the difference is $4,150,000.
Cash:
Willis Inc. paid $7,400,000 in cash. Therefore, we credit Cash for $7,400,000.
Accounts Payable:
The fair value of Accounts Payable is $1,800,000. Therefore, we credit Accounts Payable for $1,800,000.
Cash (plug):
To balance the entry, we credit Cash with the remaining amount. In this case, it is $200,000.
This journal entry reflects the acquisition of Bork Inc. by Willis Inc., incorporating the fair values of the assets and liabilities and accounting for the cash paid.
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Drag the tiles to the correct boxes to complete the pairs. Match the types of agreements to their descriptions.
Answers
Answer:
A will has legal impact after you have passes away and has to be filed with the court.
A living will is similar to a regular will be takes effect while you are still alive to figure out where your assets should be placed.
A trust is an agreement that allows a third party to hold the assets on behalf of a beneficiary.
A prenuptial agreement is an agreement made before a marriage that explains what should happen to their assets in the event their marriage does not last. This is common in famous people due to the amount of money they have.
Explanation: