Answer: Option C
Explanation: The correct statement is time lines can be constructed to deal with situations where some of the cash occur annually but others occur quarterly. A time line can be defined as the display of events in a chronological order. While solving problems related to cash flow, time line is prepared to ease the calculations by showing cash flow as the the order of their occurrence.
what are some things that allow people to communicate without having to be in the same area (economics)
Explanation:
Science has made huge progress in every field. If we talk about the ways of communication between people who are not in the same area, it was considered insane few years back; but now this is a reality that people who are not at the same place can communicate with each other just like they are sitting in front of each other.
There are different methods or ways through which people who are not at the same place can communication easily.
The most simplest and conventional method is the use of Telephone. But now, with the progress in Technology and with the use of Internet, there are a lot of communication devices that uses different apps to talk to each other. They are used to talk either through the audio or with the Video as well. Using your mobile phone, or laptops, or other communication gadgets, you can even see the other person while talking to him. So Telephones, Telegraphs, Internet, Cell phones, etc are used to communication without having to be in the same area.
The value of money falls as the price level a. falls, because the number of dollars needed to buy a representative basket of goods falls. b. rises, because the number of dollars needed to buy a representative basket of goods rises. c. falls, because the number of dollars needed to buy a representative basket of goods rises. d. rises, because the number of dollars needed to buy a representative basket of goods falls.
The value of money decreases when price levels rise, as more dollars are needed to buy the same goods- this is associated with inflation and fall in purchasing power.
Explanation:The value of money falls as the price level b. rises, because the number of dollars needed to buy a representative basket of goods rises. This concept is directly related to purchasing power and inflation. Inflation is a scenario where the price level of goods and services increases over a period of time. When the price level rises, more dollars are needed to buy the same goods and services, which implies the value of money, or purchasing power, has fallen.
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In the late 1800s, Cecil Rhodes took the money he made from renting water pumps to miners and used it to buy up the claims of small mining operations. In time, and with the help of funding from the Rothschild family, he formed De Beers, which would become the largest diamond mining company in the world. Which of the following best describes the role Cecil Rhodes played for De Beers?
A. Capital
B. Land
C. Entrepreneurial ability
D. Labor
Answer: Entrepreneurial ability
Explanation:
A. Capital in the business can be defined as the money invested for the operations of business to earn profits. Capital can be in form of any kind of money like shares and debt but a human can never be a capital.
B. Land can be defined as the capital investment of the business for the place where which the operations of the business will be maintained.
C. Entrepreneurial ability is the brain behind the business entity . In a business an entrepreneur is the person who collects capital, purchase land and maintains the operations.
D. Labor is the human capital invested in the business, that is, hiring of individuals for different types of operations.
Hence we can conclude that Cecil Rhodes played entrepreneurial ability.
Which statement is true? A. Bonds are generally called at par value.B. A current list of all bondholders is maintained whenever a firm issues bearer bonds. C. An indenture is a contract between a bond's issuer and its holders. D. Collateralized bonds are called debentures. E. A bondholder has the right to determine when his or her bond is called.
Answer: Option C
Explanation:
A. Bonds can be called at discount or premium depending upon the interest rate availing in market and the coupon interest rate.
B. In case of bearer bonds no transactions and ownership records are maintained.
C. Indenture is the contract between issuer and holder specifying the duties and obligations of issuer and the rights of holders.
D. Collateralized bonds are backed by a pool of assets while debentures are unsecured bonds .
E. A bondholder can have the right to determine it only when he have the put option with him otherwise the right to call bond lies with the issuer.
Which of the following statements is FALSE of the dividend-discount model?
A. We cannot use the dividend-discount model to value the stock of a firm with rapid or changing growth.
B. The simplest forecast for the firm's future dividends states that they will grow at a constant rate, i.e., forever.
C. As firms mature, their growth slows to rates more typical of established companies.
D. The dividend-discount model values the stock based on a forecast of the future dividends paid to shareholders.
Answer: The following statements is false of the dividend-discount model: We cannot use the dividend-discount model to value the stock of a firm with rapid or changing growth.
The model is a technique of evaluating a institution stock price i.e. there on the concept that the organizations stock is equal to the total of all of its dividend payments. It is used to evaluate stocks based on the NPV of the dividends.
In the open-economy macroeconomic model, if a country’s supply of loanable funds shifts right, then
a. net capital outflow rises, so the exchange rate falls.
b. net capital outflow rises, so the exchange rate rises.
c. net capital outflow falls, so the exchange rate falls.
d. net capital outflow falls, so the exchange rate rises.
Answer:
According to the situation given in the question, if a country's supply of loan able funds shift rights , then A) the net capital outflow will increase and so the exchange rate will fall.
Explanation:
According to the situation given in the question , the supply of funds available for loan, depends upon the national savings, so if there is high amounts of national savings available it means the funds are available for the borrowers, who are in need of funds for their investment projects. And the demand for funds available for loan comes from the domestic investment and net capital outflow.
If the supply of funds are high in the economy then obviously the interest rate will also come down and the net capital outflow will be more.
Which of the following is an example of part-time business? a. Tabatha, who works from home for a fashion website for a minimum of 40 hours a week b. Raul, who works as an intern in a law firm for more than 35 hours a week c. Dorothy, who works in her small bakery for less than 30 hours a week d. Joshua, who teaches piano to children for 40 hours a week
Answer: The answer is C. Dorothy, who works in her small bakery for less than 30 hours a week.
Explanation: A part-time business can't exceed 35 hours a week.
Answer:
The correct answer would be option C, Dorothy, who works in her small bakery for less than 30 hours a week.
Explanation:
A part time business is a job which a person does as a side business. He does not give full time to do this business. A full time business is something when you give this business more than 35 hours of your weekly schedule. If you give less than this, it would be considered as a part time work. So in this question, Dorothy is doing her bakery business as a part time business because she spends less than 30 hours in her small bakery.
Which is most true of an annual rate of 4% compounded quarterly? A) It is equivalent to 4.4% paid annually. B) It is equivalent to 16.99% paid annually. C) It is equivalent to 1% simple interest paid quarterly D) It is equivalent to 4.06% paid annually. Answer: D
Answer:
D) It is equivalent to 4.06% paid annually
Explanation:
Since it is not talking about annuity and simple compound interest, therefore assuming investment value = $100 then interest will be as follows:
Interest for each quarter = [tex]\frac{4}{100} \times \frac{3}{12}[/tex] = 1%
But this 1% will be paid on the compounded value
Interest at end of Quarter 1 = $100 X 1% = $1
Compounded value at end of Quarter 1 = $100 + $1 = $101
Interest at end of Quarter 2 = $101 X 1% = $1.01
Compounded value at end of Quarter 2 = $101 + $1.01 = $102.01
Interest at end of Quarter 3 = $102.01 X 1% = $1.0201
Compounded value at end of Quarter 3 = $102.01 + $1.0201 = $103.0301
Interest at end of Quarter 4 = $103.0301 X 1% = $1.030301
Compounded value at end of Quarter 4 = $103.0301 + $1.030301 = $104.060401
Now net return annually = $4.060401/$100 = 4.06%
Final Answer
D) It is equivalent to 4.06% paid annually
In a negligence action in a jurisdiction that had adopted comparative negligence, a jury rendered a verdict that the plaintiff suffered $90,000 in damages and was 10 percent at fault. The plaintiff’s attorney had presented evidence and argued in his closing argument that the plaintiff’s damages were $100,000. Immediately after the verdict, the plaintiff, with permission from the court, discussed the case with all six of the jurors together before they left the courtroom. The plaintiff discovered that each of the jurors thought, contrary to the court’s instructions, that the damage amount was the amount that the plaintiff would receive, rather than the amount from which 10 percent would be deducted. The plaintiff seeks to offer testimony from each juror to that effect in order to increase the amount of the verdict to $100,000. Is the testimony of the jurors admissible?A. Yes, because a mistake was made by the jury in rendering its verdict.B. Yes, because the jury misunderstanding was related to the applicable law, rather than the facts.C. No, because a juror cannot be questioned about a verdict in the presence of the other jurors.D. No, because a juror cannot testify as to any juror’s mental processes concerning a verdict.
Answer: The testimony of the jurors is not admissible, because a juror cannot testify as to any juror’s mental processes concerning a verdict.
Juror needs to follow a basic rule i.e. he/she can't impeach their own verdict. He/she cannot take the stand due to the mental activity that he/she or other juror used in concluding a verdict..
The directors of a company decide to offer shares of the company from the company's unissued stock directly to company employees. The proceeds of the sale go to the company, but the directors take a commission from the employees on these sales. All of the following statements are true EXCEPT: A this is a non-issuer transaction B the directors are defined as agents of the issuer C the directors must be registered D the securities must be registered
Answer:
All of the following statements are true except A) this is a non issuer transaction.
Explanation:
here director of a company is issuing common stock to company's employees , and here the proceeds are going to the issuer that means this is definitely a issuer transaction.
Also according to law it is mandatory for the securities to be registered before company can offer them to public. A director should also be registered before they can act as an agent of the company and can have any effect on security transaction on behalf of issuer.
The supply curve and the demand curve for widgets are straight lines. Suppose the equilibrium quantity in the market for widgets is 200 per month when there is no tax. Then a tax of $5 per widget is imposed. The price paid by buyers increase by $2 and the after-tax price received by sellers falls by $3. The government is able to raise $750 per month in revenue from the tax. The deadweight loss from the tax is…
Answer: Dead weight loss=[tex]\frac{1}{2}\times(5)\times(50)[/tex]=$ 125.
Explanation:
Dead weight loss from the tax= [tex]\frac{1}{2}\times(P_{2} - P_{1})\times(Q_{0} - Q_{1})[/tex]
where
[tex](P_{2} - P_{1})[/tex]= Amount of tax imposed per unit.
[tex]Q_{0}[/tex] = Quantity demanded before tax
[tex]Q_{0}[/tex] = Quantity demanded after tax
∵ [tex](P_{2} - P_{1})[/tex] =$5
[tex]Q_{0}[/tex] = $ 200.
[tex]Q_{1}[/tex] is computed as: [tex]\frac{total tax raised}{tax per unit}[/tex]
=[tex]\frac{750}{5}[/tex]
=$150.
∴ Dead weight loss=[tex]\frac{1}{2}\times(5)\times(50)[/tex]=$ 125.
The deadweight loss from the tax is the reduction in economic welfare as a result of fewer transactions occurring due to the tax, but the question lacks specific data to calculate the exact amount. We know that the government's tax revenue is $750 per month, indicating 150 widgets are sold after the tax. However, to find the deadweight loss, information on the changes in surplus and the specific quantity reduction is needed.
Explanation:The concept in question deals with the economic impact of taxes, focusing specifically on how a tax affects market equilibrium and the distribution of the tax burden between buyers and sellers. When a tax is imposed on widgets, it creates a wedge between the price consumers pay (Pc) and the price sellers receive (Pp). The deadweight loss refers to the reduction in total surplus resulting from the tax, which is the result of a decline in transactions in the taxed market.
The government raises revenue from the tax, but at the same time, the tax causes a deadweight loss by discouraging mutually beneficial trades that would have occurred without the tax. The quantity of widgets sold decreases, and the tax revenue is represented by the shaded area in the supply and demand diagram, calculated by multiplying the tax per unit by the quantity sold after the tax is applied.
To find the deadweight loss, we need to look at the change in surplus for both consumers and producers that results from the tax. Unfortunately, the question does not provide enough information to directly compute the deadweight loss, as information about the shapes or slopes of the supply and demand curves and the precise change in quantity sold due to the tax is necessary. However, we know that the government revenue is $750, which means that the quantity sold at the tax rate of $5 per widget is 150 widgets (since $750 divided by $5 equals 150).
Elite Coffee and Bakery, a café that offers a relaxing environment to enjoy quality coffees, teas, soups, and other menu items, has a poster in the front of its restaurants that reads, "We will always provide a quality product to help our customers better meet the challenges of their day and always take the time to offer caring service one person at a time." This statement is Elite's ______.
Answer:
Mission
Explanation:
The mission is the statement that establishes the main objective of the company and the purposes. Commonly in the mission the businesses include what they expect to being for their consumers. In this case, the mission includes their commitment with the customers and their satisfaction
At a specific point on the demand curve for backpacks, the elasticity of demand is calculated to be -0.5.a. At that point, we would describe demand as ( inelastic / elastic / unit elastic / fully supplied ).b. If the price of backpacks fell by 10%, the quantity demanded would rise by (10% /5% / 50% / 0% ) and revenue for the backpack industry would ( fall / rise) remain the same .c. If the price of backpacks rose by 20% the quantity demanded would fall by ( 20% / 10% / 25% / 40%) and revenue for the backpack industry would ( fall / rise) remain the same
Answer:
Inelastic; 5%; fall; 10%; rise
Explanation:
Price elasticity of demand is always negative for normal goods. This happens because of the law of demand, that demand falls with rise in price.
Price elasticity between 0 and 1 shows inelastic demand.
This means that there is smaller change in demand due to a greater change in price level.
Price elasticity of demand is -0.5.
If the price falls by 10%, demand will increase by 5%.
The revenue will fall, because of greater fall in price.
If the price increases by 20%, demand will fall by 10%.
Revenue will increase because of greater increase in price.
Answer: A. Elastic , B. 5% Rise , C. 10% fall
Explanation:
the price elasticity for a normal good is negative. wen price increases demand decreases.
demand is elastic a change in price will cause a change in demand
a 10% decrease in in the price of backpacks will cause a 5% increase in demand and the revenue will rise.
a 20% increase in the price will cause a 10% decrease/fall in demand and revenue will fall
workings
change in demand when price decrease by 10% = -0.5(-10%) = 5%
change in demand when price increase by 20% = -0.5(20) = 10%
Every year since 2010 Jersey Mike's has hosted an annual one-day-event where 100% of their sales are donated to a charity of the store owner's choice. In 2016, 180+ charities were supported nationwide by raising more than $4 million from the sales of the store's 1,500 locations. These events that Jersey Mike's funds every year are best described as which of the following?(A) Cause Marketing (B) Direct Selling. (C) Cobranding and Affinity Marketing (D) Point-of-Purchase Marketing
Answer: Option A
Explanation: Cause marketing is the method of fulfilling corporate social responsibility by the organisation under this approach a campaign is initiated for the dual purpose of increasing profitability and social welfare.
In the given case Jersey mike's one day event profit distribution will result in social welfare to the charities fulfilling the corporate social responsibility and it will boost the image of the company in the society resulting in a higher and strong customer base which will further result in higher profits.
Final answer:
Jersey Mike's annual event where sales are donated to charity is an example of (A) Cause Marketing, where companies support a charitable cause while promoting their products.
Explanation:
The events that Jersey Mike's funds each year, where 100% of their sales are donated to a charity, are best described as (A) Cause Marketing. This type of marketing involves a corporation associating the sales of its products or services with a charitable cause. An example of cause marketing is the famous Red campaign or the pink ribbon symbol for breast cancer awareness, where corporations donate a portion of their profits from specific products to related charities. With Jersey Mike's annual event supporting various charities, they promote awareness and raise funds while also marketing their brand.
The manager of a sales group has presented the weekly target on the number of sales her group must achieve. For this particular target to be achieved, she decides to reward the members of her group solely based on the number of sales each member makes. The type of task dependency that will exist in this case is
A) pooled task interdependency
B) simultaneous task interdependency
C) reciprocal task interdependency
D) sequential task interdependency
E) orded task interdependency
Answer: The type of task dependency that will exist in this case is "Pooled Task Interdependence. "
Here the Manager settles to reward the member of her group, it can be further interpreted that its a pool task interdependence as here the member make specific independent contribution towards the group performance increasing client welfare. In this type of interdependence, each organization executes separate role.
During the current year, Esterhazy, Inc. estimated manufacturing overhead for the year to be $896,000. The company uses direct labor hours to apply manufacturing overhead to Work-in-Process. The budgeted direct labor hours for the current year totaled 80,000 hours and the actual hours worked were 82,000. The actual overhead incurred during the year was $924,000. What is the amount of overapplied or underapplied overhead?
Answer:
Overheads are over-applied by $5,600
Explanation:
Company's expected manufacturing overhead = $896,000
Budgeted labor hours = 80,000 hours
Rate per hour = $896,000/80,000 = $11.2 per labor hour
Actual overheads incurred = $924,000
Actual labor hours = 82,000
Actual rate per hour =$924,000/82,000 = $11.268
Actual overheads at budgeted rate for actual hours = 82,000 X $11.2 = $918,400
Since actual overheads are higher by $924,000 - $918,400 = $5,600
Overheads are over-applied by $5,600
Which statement below best describes George Waring's approach to solving the problems of water-borne illness? a. Waring is going with his "gut," because he believes that instincts and emotions are the best guides for action. b. Waring efficiently and thoroughly lays out the case for why the problems are too large and overwhelming to be solved: people should just move out of cities back to their farms. c. Waring has gathered the testimonies of people who live in densely populated areas in order to learn how they themselves have solved their problems. d. Waring exhibits the Industrial Age's increased respect for and reliance on science and the scientific method.
Answer:
Waring exhibits the Industrial Age's increased respect for and reliance on science and the scientific method. -d.
Answer:
d. Waring exhibits the Industrial Age's increased respect for and reliance on science and the scientific method.
Explanation:
A particularly dire situation arose in Memphis, Tennessee, by the late 1870s, after outbreaks of cholera (1873) and yellow fever (1878 and 1879) killed more than 10,000 people. Memphis’ troubles drew the sympathy of the nation, and helps to drive the creation of the National Board of Health, which sent George A. Waring, Jr. to Memphis after the 1878 yellow fever epidemic.
George A. Waring Jr. A native of Pound Ridge, New York, had developed his skills as an agricultural and drainage engineer for New York City’s Central Park beginning in 1857. He was commissioned as a major in the Union Army during the Civil War and rose to attain the rank of colonel. In the years following the war, Waring managed Ogden Farm in Rhode Island before devoting himself full-time to drainage engineering. In Memphis, during the period of the water borne disease,
The method and approach Waring used exhibits the Industrial Age's increased respect for and reliance on science and the scientific method because Waring designed a new system that separated sewage from regular storm water runoff, a scientific innovation that before then had not been implemented on a large scale in the United States. The system became the basis for that of many other communities around the country, earning Waring a national reputation.
Central Supply purchased a new printer for $67,500. The printer is expected to operate for nine (9) years, after which it will be sold for salvage value (estimated to be $6,750). How much is the first year’s depreciation expense if the company uses the double-declining-balance method?
To calculate the first year's depreciation expense using the double-declining-balance method, double the straight-line depreciation rate and apply it to the printer's initial cost. For the printer worth $67,500, with a 9-year life and $6,750 salvage value, the first year's depreciation is $15,000.
Explanation:The double-declining-balance method of depreciation is an accelerated depreciation method that doubles the book value of an asset's depreciation rate. To calculate the first year's depreciation expense for the printer that Central Supply purchased for $67,500 with a salvage value of $6,750 and a useful life of 9 years, follow these steps:
Determine the straight-line depreciation rate by dividing 1 by the useful life of the asset, which is 1/9 or approximately 11.11% per year.Double the straight-line rate to get the double-declining rate, which is 11.11% * 2 = 22.22%.Apply the double-declining rate to the book value of the asset (purchase price - accumulated depreciation). For the first year, the book value is $67,500, as there is no prior depreciation. So, the first year's depreciation expense is 22.22% of $67,500, which equals $15,000.This means the first year's depreciation expense using the double-declining-balance method for the printer is $15,000.
To calculate the first year's depreciation expense using the double-declining-balance method, double the straight-line depreciation rate and apply it to the printer's initial cost. For the printer worth $67,500, with a 9-year life and $6,750 salvage value, the first year's depreciation is $15,000.
Explanation:The double-declining-balance method of depreciation is an accelerated depreciation method that doubles the book value of an asset's depreciation rate. To calculate the first year's depreciation expense for the printer that Central Supply purchased for $67,500 with a salvage value of $6,750 and a useful life of 9 years, follow these steps:
Determine the straight-line depreciation rate by dividing 1 by the useful life of the asset, which is 1/9 or approximately 11.11% per year.Double the straight-line rate to get the double-declining rate, which is 11.11% * 2 = 22.22%.Apply the double-declining rate to the book value of the asset (purchase price - accumulated depreciation). For the first year, the book value is $67,500, as there is no prior depreciation. So, the first year's depreciation expense is 22.22% of $67,500, which equals $15,000.This means the first year's depreciation expense using the double-declining-balance method for the printer is $15,000.
Many critics argue that government efforts to regulate industries have caused which of the following?
collusion
inefficiencies
insufficient supply
predatory pricing
Answer:
inefficiencies
Explanation:
The competitive market is characterized by competition between companies for market share according to sales price. This is beneficial to the consumer, who will pay a lower price. The government acts as a market regulator to curb collusion and to ensure the origin and quality of products.
Critics of regulation complain that regulation removes market efficiency mechanisms, as companies have to comply with a series of regulatory criteria that raise production and marketing costs, which makes markets less efficient. This is a fragile argument, as history is full of cases of collusion and abusive practices that harm consumers. Regulation is necessary for companies to be compelled to always act in an appropriate manner. An example of the importance of regulation is the requirement for nutritional composition on food labels so that consumers have the information about what they are consuming.
The decision about what goods and services will be produced made in a market economy is made by:
A. Workers deciding to produce only what the boss says must be produced.
B. Lawmakers in the government voting on what will be produced. producers deciding what society wants most.
C. Consumers and firms choosing which goods and services to buy or produce.
D. Consumers dictating to firms what they need most.
Answer:
The correct answer is C
Explanation:
. A market economy is based on the basic principle of supply and demand. This means that there is a group that needs goods and services for their daily lives (consumers) and another group that is responsible for producing these goods and services in order to obtain results in return.
In this market economy neither the workers, nor the bosses, nor the states decide unidirectionally what should be consumed or what should be produced (there are exceptions as mandatory vaccines). For example, society can demand more electric cars because of the increase in the price of gasoline (a demand will create the supply) or a company can create a new air conditioner that everyone wants to have in their home. (an offer will create the demand).
The variation of supply and demand will also be affected by the different prices of goods and services that are in the market.
In a market economy, the decision about what goods and services will be produced is made by consumers and firms choosing which goods and services to buy or produce.
In a market economy, the decision about what goods and services will be produced is made by consumers and firms choosing which goods and services to buy or produce. In this type of economy, businesses supply goods and services based on demand, and the quantity, quality, and price of these goods are determined by the preferences and choices of consumers. The market forces of supply and demand drive the decision-making in a market economy.
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Please help will give brainliest
Which career would benefit from an apprenticeship?
Art Direction
Visual Arts
Telecommunications
Broadcasting
Answer:
Art Direction - first choice
Answer:
Art Direction
Explanation:
Art Direction is the career that would benefit from an apprenticeship.
Select the FALSE statement from below: A. The National Response Framework explains how, at all levels, the nation effectively manages all-hazards response. B. The National Response Framework describes specific authorities. C. The National Response Framework mandates that the private-sector entities responsible for critical infrastructure and key resources develop and exercise contingency plans. D. The National Response Framework describes best practices for managing all types of disasters and emergencies.
Answer: The Statement A. is FALSE.
Explanation: The National Response Framework explains how, at all levels, the nation effectively manages the all-hazards response, is the FALSE statement.
The United States National Response Framework is essential to the National National Security Strategy, it helps to give all domestic response partners a response to disasters and emergencies.
Answer:
A) The National Response Framework explains how, at all levels, the nation effectively manages all-hazards response.
Explanation:
The National Response Framework (NRF) is a guide to how the government should prepare and respond to terrorist attacks, natural disasters and emergency situations. It was developed based on the NIMS concepts. The NRF started to be developed in the aftermath of the 9-11 terrorist attacks and was finished by January 2005.
A government agency that promotes competition in the marketplace is the
Answer: Federal Trade Commission (FTC)
Explanation:
Federal Trade Commission (FTC) was established by the US federal government in 1914 to safeguard consumers and businesses. It was created to promote healthy competition among businesses in the marketplace by putting a stop to anticompetitive practices. It also keeps consumers safe against illegal business transaction by providing information to them about how to recognise and avoid fraudulent business deals. Thus, Federal Trade Commission (FTC) educates consumers and businesses through the establishment of programs which are educative and beneficial to them.
Antonio is ready to move out of his parent's house and live on his own. He found a great apartment that has all utilities included. His job as an assistant plumber requires him to have a car, but his hours are flexible enough to give him time on the weekends to have fun with his friends. What is the best way Antonio's budget can be modified to help him save enough for the $200 down payment and make the $500 monthly rental payment?
a. Antonio could keep his budget the same and hope he gets a raise at work.
b. Antonio could reduce his monthly entertainment expenses by $100 to pay the monthly rent. he could take $200 out of savings once for the deposit.
c. Antonio could live at his parent’s house for one more month and save his net income. after one month of living at home, he would have enough additional money for the deposit and one year’s rent at the apartment.
d. Antonio could reduce his monthly entertainment expenses by $75 and his food expenses by $50 to pay the monthly rent. he could take $200 out of savings once for the deposit.
Answer: The best way Antonio's budget can be modified to help him save enough for the $200 down payment and make the $500 monthly rental payment is that, if Antonio could reduce his monthly entertainment expenses by $75 and his food expenses by $50 to pay the monthly rent. He could take $200 out of savings once for the deposit.
It's necessary for Antonio to reduce his total expense by $125 in order for him to accommodate himself and take $200 out of savings.
Answer:
d. Antonio could reduce his monthly entertainment expenses by $75 and his food expenses by $50 to pay the monthly rent. He could take $200 out of savings once for the deposit.
Explanation:
edge
Icon International, a software company, incorporated on January 1, 2013 is planning to convert to IFRS. The company decided to present its first IFRS statements for the year ended December 31, 2015. What is the transition date of Icon International? A. December 31, 2015 B. January 1, 2015 C. January 1, 2013 D. December 31, 2013
Answer:
The correct transition date which Icon international will show is B) January 1, 2015.
Explanation:
Icon international which was incorporated on January 1, 2013, wants to convert to IFRS( International financial reporting standards ) , which provides a similar international language for business affairs, which would help making company accounts comparable and understandable across the global boundaries.
The correct transition date would be the year starting date ( 1 January ) , as the year in which company starts adopting to IFRS standards and making IFRS statements , so here the January 1, 2015 would be the correct transition date.
The transition date for Icon International, a company converting to IFRS, would be the start of the earliest period for which it presents full comparative information under IFRS. In this case, the transition date is January 1, 2015.
Explanation:The transition date for a company converting to IFRS (International Financial Reporting Standards) is the beginning of the earliest period for which the company presents full comparative information under IFRS in its first IFRS financial statements. For Icon International, this date would be the start of the preceding year from when it first starts presenting its statements under IFRS. Given Icon International decided to present its first IFRS statements for the year ended December 31, 2015, its transition date would be January 1, 2015 (Option B).
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Each month you spend $500 buying coffee. If the price of coffee increases from $2 to $3, what happens to your purchasing power?A.) UnchangedB.) IncreasesC.) Decreases
purchasing power C.) Decreases
Consumer purchasing power is determined by the Consumer Price Index, which surveys changes in the prices of goods and services over a period of months or years.
What is high purchasing power?A higher real income means a higher purchasing power since real income refers to the income adjusted for inflation. Traditionally, the purchasing power of money depended heavily upon the local value of gold and silver, but was also made subject to the availability and demand of certain goods on the market.
How can we increase purchasing power?Provide Value to Your Vendors. Retailers typically set their prices according to the gross margin made on every saleConsolidate Purchase Orders.Open New Markets. The Power of Many.To learn more about purchasing power, refer
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There has been very little interest in the Bowers’ home this past week. What should agent Phil do?
a. Wait until next week to send an activity report, hoping things will pick up.
b. Suggest to the sellers that their listing price is too high.
c. Make up some statistics to share with the Bowers.
d. Send the weekly report as usual, emphasizing what your upcoming plans are for the week.
Answer: Option D
Explanation:
A. Phil should not wait until next week to send the activity report as Mr. Brown should be made aware of the status frequently.
B. Suggesting seller that price is too high just on the basis of one week time period will not be a fair judgment.
C. Sharing statistics with dull performance might result in losing the client.
D. Mr. Brown should be made aware of the plans that Phil have for the future period as it might bring insight to the client that the broker haven't gave up yet.
The Harris State Bank has $2000 in total assets (all of which are earning assets), $500 of which will be repriced in the next 90 days. This bank also has $1600 in total liabilities, $1000 of which will be repriced in 90 days. The bank currently earns 9% on its assets and pays 4% on its liabilities. If interest rates on both assets and liabilities rise by 2% in the next 90 days, what would be this bank's net interest margin?
Answer:
The banks net interest margin would be 8%.
Explanation:
FORMULA FOR NET INTEREST MARGIN =
INTEREST ON ASSETS - INTEREST ON LIABILITY / EARNING ASSET
Here earning asset = $2000
interest on assets = 11% of 500 + 9% of 1500
NOTE* ( it is given in the question that after 90 days assets worth $500 would be repriced and interest rate on it would rise by 2% , which means for $1500 which won't be repriced will give 9% interest rate and $500 would give 9% + 2% = 11% interest rate )
= $55 + $135
= $190
interest on liability = 6% of $1000 + 4% of 600
NOTE* ( it is given in the question that after 90 days liability worth $1000 would be repriced and interest rate on it would rise by 2% , which means for $600 which won't be repriced will give 4% interest rate and $1000 would give 4% + 2% = 6% interest rate )
= $6 + $24
= $30
FORMULA FOR NET INTEREST MARGIN =
INTEREST ON ASSETS - INTEREST ON LIABILITY / EARNING ASSET
= $190 - $30 / $2000
= .8 x 100 ( multiplying by 100 to get answer in percentage )
= 8%
Final answer:
The net interest margin of the Harris State Bank will decrease to 5.3% after considering the 2% interest rate rise on both the $500 of assets and the $1000 of liabilities that are due for repricing in the next 90 days.
Explanation:
The question involves calculating the net interest margin for Harris State Bank after a rise in interest rates on both assets and liabilities. To compute the net interest margin, we must consider the interest the bank earns on its assets and the interest it pays on its liabilities, along with the impact of the repricing that is scheduled to occur in the next 90 days.
Initially, the bank earns 9% on its $2000 of earning assets, which results in $180 of interest income (0.09 ×$2000). It pays 4% on its $1600 of liabilities, which amounts to $64 of interest expense (0.04 ×$1600). This makes the initial net interest income $116 ($180 - $64).
If interest rates rise by 2% for both assets and liabilities, the interest rate on repriced assets will be 11% and 6% on repriced liabilities. However, we only need to calculate the change related to the repriced amounts. The newly repriced assets ($500) will yield an additional $10 of interest (0.02 × $500), while the additional interest on the repriced liabilities ($1000) will cost an extra $20 (0.02 ×$1000). Thus, after the rate change, net interest income will be $106 ($116 + $10 - $20).
The net interest margin is calculated as follows:
Initial net interest margin: $116 / $2000 = 5.8%
Revised net interest margin: $106 / $2000 = 5.3%
Therefore, after the interest rate increase, the bank's net interest margin will decrease to 5.3%.
Suppose John Q. Worker is currently unemployed. Each day, John Q. Worker spends the entire day searching available job openings for an appropriate position given his set of skills, abilities, and interests. If someone asks John Q. what he does for work, he tells them that he is currently "in-between jobs." Which of the following best classifies John Q.'s unemployment status?Seasonally unemployedFrictionally unemployedStructurally unemployedCyclically unemployed
Answer:
John Q worker is frictionally unemployed.
Explanation:
Frictional unemployment arises when a worker is shifting from one job to another. It arises from labor market turnover when economy is unstable. It exists when a worker is unemployed but is shifting to another work. It is part of natural unemployment and is short term.
Frictional unemployment generally arises because of two factors
1. mismatch between workers and jobs
2. workers' dissatisfaction with their jobs.
Sebastian decides to open a tree farm. When deciding to open his own business, he turned down two separate job offers of $25,000 and $30,000 and withdrew $20,000 from his savings. Sebastian’s savings account paid 3 percent interest. He also borrowed $20,000 from his brother, whom he pays 2 percent interest per year. He spent $15,000 to purchase supplies and earned $50,000 in revenue during his first year. Which of the following statements is correct?a. Sebastian’s economic profit is $16,000, and his accounting profit is $14,600.b. Sebastian’s economic profit is $4,600, and his accounting profit is $35,000.c. Sebastian’s economic profit is $4,000, and his accounting profit is $34,600.d. Sebastian’s economic profit is $16,000, and his accounting profit is $34,600.
Answer:
c. Sebastian’s economic profit is $4,000, and his accounting profit is $34,600
Explanation:
Note: Accounting profit is actual profit earned
Here, revenue = $50,000
Expense = $15,000 + $interest cost paid on loan
= $15,000 + $20,000 X 2% = $15,000 + $400 = $15,400
Accounting profit = $50,000 - $15,400 = $34,600
Economic Profit = Accounting profit - Opportunity cost
Opportunity cost is the second best opportunity foregone, for choosing the current option.
Here best opportunity foregone = $30,000 to be earned on job.
Now also interest foregone in addition to the above = $20,000 X 3% = $600
Total opportunity cost = $30,000 +$600 = $30,600
Thus Economic Profit = $34,600 (Accounting Profit) - $30,600 (Opportunity Cost)
= $4,000
Final Answer
c. Sebastian’s economic profit is $4,000, and his accounting profit is $34,600
Sebastian's accounting profit is $34,600 after subtracting explicit costs from revenue. His economic profit, which also accounts for opportunity costs like forgone salary and interest, is $4,000.
Explanation:To calculate Sebastian’s economic profit and accounting profit, we must consider both explicit and implicit costs. Accounting profit is calculated by subtracting explicit costs from total revenue, whereas economic profit also subtracts opportunity costs, which include forgone income and interest.
Sebastian’s accounting profit is calculated as follows:
Total Revenue: $50,000Explicit Costs (Supplies): $15,000Interest on Borrowed Money: $400 (2% of $20,000)Total Explicit Costs: $15,400Accounting Profit: $50,000 - $15,400 = $34,600For the economic profit, we consider opportunity costs:
Forgone Salary (Opportunity Cost): $30,000 (the higher of the two job offers)Interest Forgone on Savings: $600 (3% of $20,000)Total Opportunity Costs: $30,600Economic Profit: $34,600 (Accounting Profit) - $30,600 (Opportunity Costs) = $4,000Therefore, the correct statement is:
c. Sebastian’s economic profit is $4,000, and his accounting profit is $34,600.