Answer:
Variables names cannot include a percent sign (%).
Explanation:
Answer:
C
Explanation:
Mr. Brown has a real estate company and two branch offices. He goes to the main office on Mondays and Fridays, one branch office on Tuesdays and Thursdays, and the other branch office on Wednesdays and Saturdays. He has no other managing brokers associated with him. Is this legal?
Answer:
It is legal.
Explanation:
A broker is one who acts as an intermediary or agent of the principal and acts on his behalf. There is a tiny difference between real estate agent and a real estate broker even though both are agents. Real estate agents are licensed to seal
real estate transactions which they are paid
commissions(agent fees) for their sales and labour for
brokerages. Brokers are with more experience in the field and
qualified to work as independent agents or employ other agents who will work and be under their supervision. A person can work both as a principal and also as broker or agent depending on the individual's capability. Hence, the above description is legal.
No, it is not legal for Mr. Brown to run his real estate company with only one managing broker attending to all branch office locations.
Explanation:No, it is not legal for Mr. Brown to run his real estate company with only one managing broker who goes to each office on a specific schedule. According to real estate laws, a licensed managing broker must be in charge of each office location. This is to ensure that there is a qualified individual overseeing the activities and transactions at each branch office.
In Mr. Brown's case, he should have at least two managing brokers, one for each branch office, or he could hire additional managing brokers for each office, depending on the size and workload of his business. Having multiple managing brokers ensures that each office is properly supervised and compliant with real estate regulations.
To avoid any legal issues and maintain a successful real estate business, it is important for Mr. Brown to follow the legal requirements and appoint the right individuals to be managing brokers for his branch offices.
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Farmer Brian has 3 acres of land which he farms efficiently. Each acre can support 10 apple trees. However the 3 acres differ in their ability to support orange trees. He can grow 30 orange trees on the best land, 20 orange trees on the ok land, and 10 orange trees on the bad land. If he initially has his land split between apples and oranges (1.5 acres growing apple trees and 1.5 acres growing orange trees), what would be the opportunity cost of growing another apple tree
Answer:the opportunity cost of growing another apple tree is 2 orange trees
Explanation:
Opportunity cost represents the value of cost what must be given up toin order to obtain the best alternative.
Here Farmer Brain has 3 acres of land that can support 10 apple threes on each acre, and 30 orange tree on best acre, 20 on good acre and 10 oranges on bad acre.
that means he can grows 30 apples on the 3 acres and 60 oranges at on the 3 acres. giving us
the opportunity cost of growing an orange tree is
60 oranges ( 30+20+10)trees= 30 apples tress
1 orange tree = 30/60
1 orange tree=1/2 apples
therefore the opportunity cost of growing an orange tree is half apple tree, Also the opportunity cost of growing an apple tree is 2 orange trees
Once a firm has diversified and established itself in several different businesses, then its main strategic alternatives include all but which one of the following? A. Broadening the firm's business scope by diversifying into additional businesses B. Retrenching to a narrower base of business operations by divesting some of its present businesses C. Pursuing multinational diversification and striving to globalize the operations of several of the company's business units D. Restructuring the company's business lineup and putting a whole new face on the company's business makeup E. Shifting from a multi-country to a global strategy
Answer:
E. Shifting from a multi-country to a global strategy.
Explanation:
The process of diversification allows the firms to reap the competitive advantages as the benefits of the skills and transfers, low costs economies of scope. Cross boundaries used by the powerful brands and collaboration in the creation of stronger and competitive capabilities. A diversified firms thus look for a global strategy to spread its risks and establish its business and develop its main strategic alternatives. The diversified firms hence have ample market opportunities and thereby brain the scope of the business.Given the acquisition cost of product Z is $43, the net realizable value for product Z is $37, the normal profit for product Z is $2, and the market value (replacement cost) for product Z is $38, what is the proper per unit inventory value for product Z applying LCM? $37. $35. $38. $43.
Answer:
proper per unit inventory value for product Z applying LCM is $38
Explanation:
given data
cost of product Z = $43
net realizable value product Z = $37
normal profit for product Z = $2
market value product Z = $38
solution
first we get here difference between Net realizable value and profit that is
Net realizable value - normal profit
= $37 - $2
= $35
so here now we get proper per unit inventory is
proper per unit inventory = lower of cost or market value
so here market value product Z is lower so
proper per unit inventory value for product Z applying LCM is $38
he following information applies to the questions displayed below.] Raphael Corporation’s common stock is currently selling on a stock exchange at $151 per share, and its current balance sheet shows the following stockholders’ equity section. Preferred stock—5% cumulative, $___ par value, 1,000 shares authorized, issued, and outstanding $ 50,000 Common stock—$___ par value, 4,000 shares authorized, issued, and outstanding 180,000 Retained earnings 350,000 Total stockholders' equity $ 580,000 Required: 1. What is the current market value (price) of this corporation’s common stock?
Answer:
The correct answer is $151 per share.
Explanation:
According to the scenario, the computation of the given data are as follows:
Currently selling price = $151 per share
So, we can calculate the Current market value by using following formula:
Current market value (price) of stock = Currently selling price of stock
As, Currently selling price of stock is already given.
Than, Current market value (price) of stock = $151 per share.
The lower of cost or market basis of valuing inventories is an example of
Answer:
C. conservatism
Explanation:
The lower of cost or market basis of valuing inventories is an example of conservatism. This term refers to trying to anticipate possible future losses, instead of gains and making certain decisions in order to limit those losses. Which some decisions may include lowering costs and/or prices in order to sell more and cover those potential losses.
Red Empire Inc., a large multinational company owned by two partners, is active in the petroleum, capital market, chemicals, steel, beverages, hospitality, airlines, education, automobiles, and consumer electronics industries. The company has multiple brands and a large product portfolio under its banner. Which of the following terms would best describe this company?
A. a flagship brand
B. a single-business firm
C. a dominant-business firm
D. a conglomerate
Answer:
D. A conglomerate
Explanation:
A Conglomerate is a big corporation that is composed of a various combinations of business entities seemingly unrelated but under one corporate group. It is a big organization that has numerous products and services which vary extensively from one another. It is a big parent company comprising of many subsidiaries producing different products and offering different services. In this case, Red Empire is a conglomerate, the parent company having subsidiaries in petroleum, capital markets, chemicals, steel, beverages, hospitality, airlines, education, automobiles, and consumer electronics industries all with their various brand names.
GS Investment Bank is worried that the company it is underwriting for an IPO may not be well supported since investors may sell additional shares into the market after the IPO. To prevent this from happening, GS Investment Bank may restrict the ability of officers, directors and other shareholders to sell any of their shares for a specific period of time after the IPO. This is known as a:
Answer:
A lock-up agreement
Explanation:
A lock-up agreement -
In common terms, it is also known as initial public offering (IPO) process.
It refers to a type of agreement, which disable the insiders of the company by selling their shares for some specific time period, is referred to as a lock- up agreement.
The agreement is made in order to avoid the situation of excessive selling pressure for the first few months of trading.
From, the given scenario of the question,
GS Investment Bank adapted this method, to limit the officers from selling the shares into the market for some specific period of time.
Alatan owns a building supply store in Russ County. His trade extends throughout River City, the largest city in Russ County, but not beyond the county limits. He sells his store to Hilary and, as part of the transaction, agrees not to engage in the same business anywhere in River City for a period of two years. In this case:
Answer:
A non-compete agreement has been made that applies a geographic restraint to Alatan.
Explanation:
Generally non-compete agreements are done between employees and their employer and in order for them to be enforceable they must be reasonable and the employee must be compensated in some way (usually when the contract is signed a special compensation must be set like a high salary or bonus, etc.).
In this case, the non-compete agreement is made between the seller and buyer of a business. The agreement includes a specific geographic restriction and lasts only 2 years, so the agreement would be considered valid by a court.
Final answer:
Alatan's agreement with Hilary to not engage in the same business within River City for two years is known as a non-compete agreement. It is designed to protect the buyer's interest from competition by the seller, and its enforceability depends on local laws and the reasonableness of the agreement's terms.
Explanation:
The scenario described involves a non-compete agreement, which is a contract wherein an individual or business agrees not to compete with another party in a specified area for a certain period. In the case of Alatan selling his building supply store to Hilary, the non-compete clause prevents Alatan from starting or engaging in the same type of business within River City for two years. This is a common practice in business transactions to protect the interests of the new business owner by ensuring the former owner does not become immediate competition.
Enforceability of non-compete clauses can vary based on local laws and specific circumstances, and they must be reasonable in geography, time, and scope to be upheld in court. As Alatan's agreement is restricted to River City alone and is limited to a two-year period, it appears to be targeted and limited, which increases the likelihood of it being enforceable. However, it would be necessary to consult local laws and a lawyer to determine the exact legality and enforceability of the non-compete agreement.
Jamal, the HR Director for a growing marketing firm, announces that the firm is planning to implement the integrated talent management approach in the future.
Which of the following actions should the employees expect the firm to perform in the future?
a. Downsizing to save costs and increase efficiency.
b. Treating the major phases of the employment life cycle as individual units and integrating them at the time of performance appraisals.
c. Connecting multiple processes such as performance management, training and development, and career management.
d. Merging with other organizations to acquire additional talent.
Answer:
c.
Explanation:
Based on the scenario being described it can be said that the action that should be expected to be performed would be connecting multiple processes such as performance management, training and development, and career management. This is because the Integrated Talent Management (TM) approach focuses on all of the HR processes in order to attract, onboard, develop, engage, and retain high-performing employees.
Final answer:
Employees should expect the marketing firm to connect multiple processes like performance management, training and development, and career management under an integrated talent management approach.
Explanation:
When Jamal, the HR Director for a growing marketing firm, announces the implementation of the integrated talent management approach, the employees should expect the firm to perform the following action in the future: connecting multiple processes such as performance management, training and development, and career management. This approach considers the major phases of the employment life cycle as interconnected rather than individual units, and optimizes these to ensure that employees are developed and managed in a way that contributes to the firm's goals. This integrated strategy is opposed to actions like downsizing to save costs, treating employment phases as individual units, or merging with other organizations for talent acquisition, which might be relevant but do not describe integrated talent management.
Georgia Ray is the founder of the departmental stores chain, Ether Inc. She ensures that the products in her stores are ethically and responsibly sourced. Most products are therefore 100 percent organic and manufactured from recycled material. Also, her company purchases handicrafts from nonprofit organizations supporting the aged. Georgia's belief is that her company should be able to support the community at large. Which of the following terms best describes Georgia Ray?
A. category captain
B. social entrepreneur
C.headhunter
D. trade creditor
Answer: social entrepreneur.
Explanation:
Social entrepreneur is an individual who establishes an enterprise on order to solve social problems in the society or effect social change.
Social entrepreneur acts as a change agent in the society by creating sustainable solutions which can change the society for the betterment. Social entrepreneur attempt to bring social equilibrium in order to avoid economic disparity in the society.
Georgia Ray ensuring that her products in the stores are ethically and responsibly sourced shows that she's a social entrepreneur.
Break-even is the number of units at which: total revenue equals price times quantity. total revenue equals total variable cost. total revenue equals total fixed cost. total profit equals total cost. total revenue equals total cost.
Answer: total revenue equals total cost.
Explanation: The break even point in economics, business and especially cost accounting is that point at which the total cost and the total revenue becomes equal, e.g “the same". This means there is no net loss or gain experienced, which implies one has "broken even". This is usually after opportunity cost has been paid
Break-even is the point where total revenue equals total cost in a business. At this point, a business makes neither a profit nor a loss. This point is crucial for setting pricing policies and comprehending how changes in price or cost can influence profitability.
Explanation:In a business context, break-even is defined as the number of units at which total revenue equals total cost. This point signifies that a business doesn't carry any profit or losses - they are merely 'breaking even'.
Let's elaborate on a few terms: 'Total revenue' is the total amount of money a business gains from selling a certain quantity of its goods or services. It can also be defined as 'price times quantity'. 'Total cost', meanwhile, is the total expenses incurred to produce these goods or services, including both fixed cost (rent, salaries, etc.) and variable cost (raw materials, direct labor etc.).
At the break-even point, every additional unit sold will generate profit as total revenue exceeds total cost. It's essential for businesses to calculate the break-even point to set pricing strategies and to understand how changes in price or costs can affect profitability.
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Which term describes when a person who is not the intended recipient captures data?
adware
active threat
network security
passive threat
Answer:
b
Explanation:
Answer:
D. Passive Threat
Explanation:
A passive threat occurs when a person who is not the intended recipient captures data in some way.
The average rate of growth for slow-growth countries is around 2% per year, and for fast-growth, greater than 5% per year.Suppose the growth rate of the economy is 2%. The size of the economy roughly doubles every:a. 5 Yearsb. 10 Yearsc. 20 Yearsd. 35 Yearse. 50 Years or more
Answer:
It would take exactly 37 years
Explanation:
If we suppose that the economy starts at 10,000 billion dollars in 2020, the economy would only double by the year 2057, reaching a value of 20,399 billion dollars.
If we substract 2020 from 2057, we obtain 37, which is the number of years it took for this economy to double growing at a rate of 2% per year.
Big Beef, Inc. raises calves to sell. Big Beef breeds its cows in April, and the cows calve in February of the following year. In January Andrea contracts with Big Beef to buy fifty calves. Identification takes place in
Final answer:
Identification of calves occurs post-birth, which is vital for herd management and future income. The diet of the calves, grass-fed or grain, can influence the market price owing to perceived health benefits and taste preferences. Health scares like BSE can affect consumer confidence and beef sales.
Explanation:
The identification of the calves that Andrea plans to purchase from Big Beef, Inc. would likely take place after the calves are born in February. In the context of the livestock business, maintaining herd sizes is essential for future income, hence, immediately after birth, identification takes place to manage the resource efficiently. Typically, these young calves will be allowed to grow to market size, either through a grass-fed or grain diet, before they are sent for processing into beef products.
Ranchers may choose to maintain a grass-fed diet for their cattle, despite the higher costs, due to the health benefits and superior flavor, which attract a premium price in the market. However, in the event of a health scare like the BSE outbreak in 1996, consumer confidence can significantly fluctuate, influencing both sales and the price of beef as observed by the report from the Guardian.
Does Boeing practice a murtinational operations strategy, a global operations strategy, or a transnational operations
strategy? Support your choice with specific references to Boeing’s operations and the characteristics of each type of
organization.
Answer:
1. Global. It's level of Integration goes beyond multinational. The collection of parts and subassemblies coming from other countries is carefully orchestrated. It is not transnational because it's "home" is clearly the US and there is little sense of local responsiveness.
Explanation:
we found here 3 option they are
global. its level of integration goes beyond multinational. the collection of parts and subassemblies coming from other countries is carefully orchestrated. it is not transnational because its "home" is clearly the u. s., and there is little sense of "local responsiveness." multinational. its level of integration is not enough to be global. also it buys resources, creates goods and services, and sell goods and services in a variety of countries. transnational. its material, people, and ideas transgress national boundaries. it combines the benefits of global-scale efficiencies with the benefits of local responsiveness. it is not global because the core competence does not reside in just the "home" country but can exist anywhere in the organization.correct option is (1) as Boeing 786 has partners and suppliers in more than a dozen countries. More than 35% of these are made in Japan and more than 10 in Italy. 70 to 80% of Dreamliners are manufactured by other companies.
This is typical of the global strategy, where the partner countries are involved in the development process, but the final development takes place in the parent company. The Boeing 787 is a very high-tech product, so there is almost no local accountability. So this is a global strategy
Final answer:
Boeing practices a transnational operations strategy, exemplified by its global presence, local responsiveness, and engagement with international regulations, such as those imposed by the European Union.
Explanation:
Boeing's operations strategy can be best described as a transnational operations strategy. This classification is supported by how Boeing integrates and manages its operations across many countries, showcasing a high level of local responsiveness while maintaining a global presence. Unlike a purely multinational corporation, which operates in multiple countries but with a significant focus on adapting to local conditions separately in each, Boeing exemplifies a transnational corporation by not identifying with a single national home and by spreading out its operations to take advantage of both global integration and local responsiveness.
Boeing's practice of working within the regulatory environments of various countries, as seen in the Case in Point on Boeing and the European Union, underlines its transnational nature. The involvement of the European Union in a matter concerning two U.S. firms highlights the complex web of international relations and the global regulatory environment in which transnational corporations like Boeing operate. This ability to engage and navigate through different national and international regulations further signifies a transnational operations strategy.
The impact of globalization is evident in Boeing's business strategy, as it has led the company to operate in a manner that transcends traditional nationalist corporate identities, leveraging global resources, and addressing global markets while still being capable of catering to specific local needs and regulatory requirements. Boeing's operations, thus, embody the essence of a transnational corporation, adept at managing the dichotomy between global efficiency and local responsiveness.
A customer's account appears as follows:
$100,000 MV Long
$ 40,000 DB
$ 60,000 EQ
The securities in this customer's account INCREASE in value by $25,000, and the debit balance is decreased by $5,000. After these changes, what is the buying power in the account?
(A) $27,500
(B) $35,000
(C) $55,000
(D) $90,000
Answer:
(C) $55,000
Explanation:
Market Value : $125,000
$125000/2= $62,500
$62,500- $35,000 debit= $27,500 excess equity
Hence:
$27,500 excess equity x 2= $55,000 Buying Power
Therefore the buying power in the account is $55,000
On november 1, 2018, the bagel factory signed a $100,000, 6%, six-month note payable with the amount borrowed plus accrued interest due six months later on may 1, 2019. the bagel factory records the appropriate adjusting entry for the note on december 31, 2018. in recording the payment of the note plus accrued interest at maturity on may 1, 2019, the bagel factory would:
a) debit interest expense, $1000
b) debit interest payable , $2000
c) debit interest expense, $3000
d) debit interest expense , $2000
Answer:
A) debit interest expense, $1000
Explanation:
to determine the accrued interest expense = $100,000 x 6% x 2/12 = $1,000
the journal entry should be:
December 31, 2018, accrued interest expense on note payable:
Dr Interest expense 1,000
Cr Accrued interest payable 1,000
Accrual accounting establishes that expenses must be recognize during the period that they occur regardless of when they are paid. So we must recognize 2 months worth of interest.
Josie owns a shop in her hometown that offers only a limited number of product categories, but she does carry a large selection of sizes, colors, and styles of those products. She is said to be an expert when it comes to her products. Which type of store does Josie own?
Question Options:
A. Department store
B. Discount store
C. Specialty store
D. Off-price retail store
E. Online retail store
Answer: Josie owns a SPECIALTY STORE.
Explanation: A specialty store can be defined as a retail business that is involved in the sale of only a particular type of goods. Examples include; Furniture stores, florists, sporting goods stores, and bookstores.
Dan has been directed to study the forces close to a company that affect its ability to serve its customers, such as the company, suppliers, marketing intermediaries, customer markets, competitors, and publics. In this instance, Dan has been directed to study the:___________.
1. Macroenvironment
2. Microenvironment
3. Technological environment
4. Demaographic environment
Final answer:
Dan is studying the microenvironment, which includes immediate factors like suppliers, marketing intermediaries, and customer markets that directly affect a company's ability to serve its customers. The correct option is 2.
Explanation:
Dan has been directed to study the microenvironment, which encompasses the forces close to a company that affect its ability to serve its customers. This includes the company itself, suppliers, marketing intermediaries, customer markets, competitors, and publics. These elements directly impact the company's market offerings and business operations.
In contrast to the macroenvironment, which involves larger societal forces that affect the entire economy, the microenvironment focuses on the immediate factors that a company can influence. It is essential for businesses to understand their microenvironment to effectively strategize and compete in the marketplace. The technological and demographic environments are subsets of these broader categories, influencing both the micro- and macroenvironments.
Understanding environmental factors and buyer’s black box, along with recognizing the importance of technological advancements and globalization, aids in comprehending the complexities of the microenvironment. Moreover, adapting to industry-related pressures and the ecological context are also crucial for a business's success.
Sal is currently in the market for a new car. He considers various factors before making his purchase; for example, he considers gas mileage, power-train warranty, safety records, status, price, and convenience. He then makes a final list of six possible vehicles to purchase. However, after thinking about all these things, he dismisses them and decides instead to purchase the highest price vehicle. Based on this information, what is the most likely reason for Sal's decision?
Answer:
He assumed that the highest price car must also be the most prestigious and he would like to project a high-status image
Explanation:
Prestige pricing is a pricing strategy in which the prices of goods or services are set at a higher level in order to give off the appearance of a high quality product. This strategy works because customers will pay higher prices for the right image and will not investigate whether the price actually reflects the value of the good or service.
From the scenario presented above, Sal has based his purchase decision on the fact that a high price for a commodity will automatically translate to a high value, and that the product will be the most prestigious because it is expensive.
Mark, a senior editor at Logi Corp, is in charge of editing the articles written by Bruno, a newly hired employee. He notices many grammatical errors in Bruno's articles and decides to write a feedback message to Bruno. Which of the following guidelines should Mark follow when composing the message?âA) âHe should include specific, verifiable facts.B) âHe should convey intent to get even.C) âHe should not maintain neutrality.D) âHe should use evaluative words that present opinions.
Answer:
A) He should include specific, verifiable facts.
Explanation:
Mark is a senior editor and is editing work written by Bruno.
He will want to provide an objective feedback to Bruno on his work that will not discourage him from doing his best. But also effectively state all the errors in the work that needs correction.
The best way to do this will be by including specific verifiable facts.
This will give a neutral response and maintain a good work environment.
When providing feedback on Bruno's articles, Mark should include specific, verifiable facts, maintain neutrality, and use evaluative words that present objective opinions.
Explanation:When composing a feedback message to Bruno, Mark, the senior editor, should follow certain guidelines to provide constructive criticism. Firstly, he should include specific, verifiable facts to highlight the grammatical errors and provide evidence for his feedback. Secondly, Mark should maintain neutrality in his message, avoiding conveying any intent to get even. Finally, he should use evaluative words that present objective opinions rather than subjective judgment.
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Ways similar to overproduction that result in increasing operating income include: A. deferring maintenance to accelerate production B. All of these answers are correct. C. switching production to products that absorb the least amounts of fixed manufacturing costs D. delaying items that absorb the greatest amount of fixed manufacturing costs
Economies of scale involve reducing costs as production increases by optimizing resource use. Overproduction can lead to inefficiencies like higher costs due to increased demand.
Economies of scale
occur when the long-run average cost of producing output decreases as total output increases. One way to achieve this is by substituting labor with capital in a more efficient manner. Overproduction may lead to inefficiencies, such as increased average variable costs due to paying workers overtime and higher maintenance costs from overworked machines.
Jiminy's cricket farm issued a 20-year, 10 percent semiannual bond 4 years ago. the bond currently sells for 97 percent of its face value. the company's tax rate is 38 percent. suppose the book value of the debt issue is $40 million. in addition, the company has a second debt issue on the market, a zero coupon bond with 11 years left to maturity; the book value of this issue is $40 million, and the bonds sell for 52 percent of par. what is the company's total book value of debt?
Answer:
The correct answer is $80 million.
Explanation:
According to the scenario, the computation of the given data are as follows:
First debt, Book value = $40 million
Second debt, Book value = $40 million
So, we can calculate the company's total book value by using following formula:
Total book value = First debt, Book value + Second debt, Book value
= $40 million + $40 million
= $80 million
Wanda and Jim are working on a research project to anticipate customer attitudes toward a proposed new product line for their company. They have worked with the marketing manager to determine the answers that are needed, and have created a detailed design of the research project. Their next logical step will be to:________.
a. develop a budget.
b. begin to collect data.
c. summarize their pre-liminary conclusions to present to managers.
d. begin recommending changes to the new-product line based on ideas developed in the design phase.
Answer:
B.
Explanation:
Begin to collect data.
After the research objective has been stated a a detailed design of the research project has been created, the next step for Wanda and Jim is to collect data.
We can collect two types of data, primary and secondary data. Primary Collection of data involves working in the field and collecting informations through interviews, surveys and focus groups. Secondary data are already existing data and can be gotten from websites, government agencies, research firms and social networks.
Answer:
The best answer is "B"
begin to collect data.
Explanation:
In conducting an effective market research, you first have a well defined objective knowing exactly the Problem your research is aimed at solving then you determine the research design with the preferred research tool to be used by you.
When this is implemented data is collected afterwards and in the case of Wanda and jim, they have already put into consideration these steps and next logical step for them is to "collect data" after which it is analyzed.
A bank offers a CD that pays a simple interest rate of 7.0%. How much must you put in this CD now in order to have $2 comma 000 for a home-entertainment center in 5 years. The present value that must be invested to get $2 comma 000 after 5 years at an interest rate of 7.0% is $
Answer:
In order to have $2,000 in five years time $1481.48 must be invested today at 7.0% simple interest
Explanation:
The amount to invest in the CD now can be computed using the present value formula,which is given below:
A=P*(1+rn)
P=A/(1+rn)
A is the future value which is expected cash flow in 5 years time i,e $2000
r is the rate of return on the CD which is 7.0%
n is the number of years the funds would be placed in the CD and that is 5 years
P=$2000*(1+7.0%)^-5
P=$2000/1+(0.07*5)
P=$2000/(1+0.35)
P=$2000/1.35
P=$1481.48
Answer: The present value that must be invested is $1,481.48
Explanation: The simple interest payable has been give as 7% (that is 0.07), the time in years is 5, and at the end of that period and at that rate, the amount woukd have become 2000.
Therefore we need to calculate the amount such that when added to the interest, both sum up to 2000. That is, Principal plus Simple interest equals 2000.
The formular for simple interest is given as follows;
I = P x R x T
Note that the principal and interest is yet unknown, but both adds up to 2000. Therefore;
I + P = (P x R x T) + P
Where I + P = 2000, R = 0.07 and T = 5
(Note that P has been added to the Interest and hence has been added to the right hand side of the equation as well. Rule of algebra, whatever happens to the left hand side must equally be done to the right hand side of any equation)
2000 = (P x 0.07 x 5) + P
2000 = 0.35P + P
2000 = 1.35P
Divide both sides of the equation by 1.35
1481.481 = P
**A quick check would reveal the following**
I = P x R x T
I = 1481.481 x 0.07 x 5
Interest = 518.518
Principal + Interest = 2000
1481.481 + 518.518 = 2000
1999.999 ≈ 2000
Therefore the amount of principal that must be invested is $1481.48
The selection of an appropriate inventory cost flow assumption for an individual company is made by
Answer: Management
Explanation:
The management is one of the type of organization that manage the various types of business activities for the purpose of achieving the goals and the following are some main function of the management are as follows:
Controlling the system Planning the overall function OrganizingAccording to the given question, the selection of the inventory cost flow in the system by the company then it is known as the management as it handles all the inventory business of the various types of products and the services in the management.
Therefore, Management is the correct answer.
the purpose of a financial intermediary is to help channel funds
a. from one bank to another
b. from saving bonds to building projects
c. from savers to borrowers
d. from stocks to bonds
Answer:
a. from one banks to another
Explanation:
After you are done taking notes from a speaker, you should
Answer:
After you are done taking notes from a speaker, you should review your notes and clarify.
Explanation:
Leon is 28 years old and pays cash for everything he buys. He has never had credit in his name and never missed or been late on any bills he has ever had. He recently went online to check what his credit score was. Where do you think his credit score would be?
Answer:
Nothing.
Explanation:
It is known that a good credit score generally comes from a history of managing money responsibly. This doesn’t mean you shouldn’t borrow money though; in fact, companies often like to see a track record of timely payments and sensible borrowing. In Leon's case, he has no dealings with credit cards as he makes all his transaction with physical cash; therefore he has no credit score in any way.
Leon has to work towards improving his poor credit score or need to build up credit history from nothing.