Answer: I'll need $2,14,309.02 in my savings account in order to make tuition payments over the next four years.
We follow these steps in order to arrive at the answer:
In this question, we need to take into account that we need to pay 35% as taxes on interest earned.
So even though the interest rate on the deposit is 5%, only [tex]1 - 35% = 65%[/tex] will be available for use.
Hence, effectively the deposit will only earn [tex]0.05*0.65 = 0.0325\\[/tex] or 3.25% interest after taxes.
We'll compute the the Present Value of the annuity of 58,000 for four years at 3.25% interest in order to determine the amount that is needed today.
The Present Value of an Annuity formula is
[tex]\mathbf{PV_{Annuity}= PMT\left ( \frac{1 -(1+r)^{-n}}{r} \right )}[/tex]
Substituting the values in the equation above we get,
[tex]PV_{Annuity}= 58,000\left (\frac{1 -(1.0325)^{-4}}{0.0325} \right )[/tex]
[tex]PV_{Annuity}= 58,000\left (\frac{ 0.12008695 }{0.0325} \right )[/tex]
[tex]\mathbf{PV_{Annuity}= 58,000 * 3.69 = 2,14,309.02}[/tex]
The Pearson will need $2,14,309.02 in his savings account in order to make tuition payments over the next 4 years, this is computed by the present value of the annuity.
What is the present value of annuity?The present value of a sum of money, as opposed to the future worth of it, will have when compound interest has been applied.
Computation:
According to the given information, interest earned is taxed at a rate of 35%.
Even though the deposit has a 5% interest rate, only a portion of it will be available for usage.
Hence, effectively the deposit will be:
[tex]\text{Effective Rate of Interest}=\text{Deposit Interest Rate}\times \text{Interest earned}\\\\\text{Effective Rate of Interest}=5\% \times (1 - 35\%)\\\\\text{Effective Rate of Interest}= 0.0325\\[/tex]
It is given that the Annuity is $58,000.
To estimate the amount required present, compute the Present Value for four years at 3.25 % or 0.0325.
Now, put the values in the formula of Present Value (PV) of an Annuity is:
[tex]\text{PV} = \text{A}( \dfrac{1-(1+i)^n}{i})\\\\\text{PV} =\$58,000( \dfrac{1-(1+0.0325)^4}{0.0325})\\\\\text{PV} =\$58,000 \times 3.69\\\\\text{PV} =\$2,14,309.02[/tex]
Therefore, $2,14,309.02 is the present value of the tuition fees.
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Decisions don't come easily within the group. team members vie for position as the attempt to establish themselves in relation to other team members and the leader, who might receive challenges from team members." the above description is typical of which stage of team development
The answer is "Stage 2 Storming".
This is where teachers may initially experience group struggle. Amid this stage, the group makes its first endeavor at dealing with the task. Right now, colleagues may differ on jobs for each colleague, particularly if different colleagues need to be the venture pioneer or another looked for after position. Another difference may emerge when colleagues can't concur on a methodology or procedure to finish the task.
What are the three main goals of the government in its attempt to keep the economy running smoothly?
A. high interest rates, steady growth, and regulated prices
B. rapid business cycles, rapid growth, and fair prices
C. high employment, steady growth, and stable prices
D. well-regulated banks, slow growth, and low prices
What are the three main goals of the government in its attempt to keep the economy running smoothly? C. high employment, steady growth, and stable prices
To keep the economy running smoothly, high employment rates generate money going into the economy. They are paying workers so then the workers are spending the money back into the economy because they are able to afford more. Steady growth allows new businesses to develop but also keep the economy at an upward trend without growing to fast where people can not keep up and a business fails. Stable prices are important so that they are not fluctuating when they feel is necessary and allow for customers to purchase the products they want at a price they can afford.
The generator is a popular youth hostel in london located near kings cross. The hostel provides a bed, showers, and breakfast in their nightly fee. Suppose the quantity demanded is 0 when the price is $90 per night and 90 when the price is $10 per night. Quantity supplied is 0 when the price is $10 and 100 when the price is $80.
Final answer:
The question explores the concepts of market equilibrium, supply and demand functions, and the adjustment of the supply curve in response to externalities in electricity generation, focusing on how these factors determine the equilibrium price and quantity and the consequences of deviations from equilibrium.
Explanation:
The question provided involves understanding market equilibrium, supply and demand functions, and the impact of externalities on supply curves in the context of electricity generation. The demand and supply functions for electricity are described by P=12-0.5Q and P=2+0.5Q, respectively, before accounting for externalities. When externalities are considered, the supply curve shifts to P=3+0.5Q, indicating an increase in the real social cost of electricity generation by $1 per unit. Equilibrium is reached when the demand equals supply, allowing us to solve for equilibrium price and quantity. Additionally, the effect of prices above and below equilibrium is explored, demonstrating the concepts of excess supply (surplus) and excess demand.
Andrew, who is training to run a marathon, occasionally mentions his progress to his boss. His boss will probably receive Andrew is having a self-absorbed attitude and is being unappreciated of his Endeavors true or false
False because note the word "Occasionally" and talking about progress is very different to bragging.
Andrew's boss might not perceive him as self-absorbed for sharing his marathon training progress. Perception of attitudes can vary, and the boss could interpret Andrew's actions as showing positive traits like dedication and discipline over perceived self-absorption.
Explanation:It is not necessarily true that Andrew's boss will perceive him as having a self-absorbed attitude. Andrew's communication about his training for a marathon might show dedication, determination, and perseverance, qualities valued in many professional environments, much like the businessman who feels he deserves a raise based on his hard work. Furthermore, attitude perception can be highly subjective and vary from person to person.
Using the example of the elderly people running a marathon, it clearly illustrates that societal expectations and reality can often differ. Similarly, Andrew's boss may not conform to the societal expectation that talking about personal endeavors in a professional setting is self-absorbed. The boss may appreciate and applaud Andrew's efforts, and see him as motivated and disciplined, instead of being self-absorbed.
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In a perfectly competitive market, all producers sell identical goods or services. additionally, there are many buyers and sellers. because of these two characteristics, both buyers and sellers in perfectly competitive markets are price . true or false: the market for public utilities, like gas and electricity, does exhibit the two primary characteristics that define perfectly competitive markets.
a. True
b. False
Answer: Price takers, False
Explanation:
A perfectly competitive market is a market in which there are a large number of buyers and sellers, there is free entry and exit in this market. The buyers and sellers are price takers in this market.
While, entry in the gas and electricity market is restricted. The firms selling gas and electricity has full control over the price of these two products. Thus, the above statement is false that gas and electricity, does exhibit the two primary characteristics that define perfectly competitive markets.
Answer:false
Explanation:
"researchers usually start their investigation by examining some of the rich variety of low-cost and readily available ________ data, then collect ________ data if the needed data don't existing or are dated, inaccurate, incomplete or unreliable."
"researchers usually start their investigation by examining some of the rich variety of low-cost and readily available "secondary" data, then collect "primary" data if the needed data don't existing or are dated, inaccurate, incomplete or unreliable."
Primary data will be data that you gather particularly with the end goal of your examination venture. An advantage of primary data is that it is particularly custom fitted to your examination needs. A weakness is that it is costly to acquire.
Secondary data alludes to information which is gathered by somebody who is somebody other than the client. Regular sources of secondary data for sociology incorporate censuses, data gathered by government divisions, hierarchical records and information that was initially gathered for other research purposes.
Researchers start by examining secondary data, which is data collected by another party. If this data is insufficient, outdated or unreliable, they collect primary data, or data gathered directly from the source.
Explanation:
In the realm of research, investigators often start their exploration by utilizing secondary data. Secondary data is data collected by someone other than the user, which is low-cost and readily available. It includes, but is not limited to, statistics, research reports and survey data. Primary data, on the other hand, is information collected directly from the source or through first-hand experience. If the required data doesn't exist, is out-of-date, inaccurate, incomplete or unreliable, researchers must collect their own primary data.
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What is the most important function of a leader within an organization?
building consensus
explaining a vision
motivating others
inspiring others
building a consensus
Answer:
first option would be the answer :)
Explanation:
How does price of related goods affect demand
The price of related goods is one of the other factors affecting demand. a. Related goods are classified as either substitutes or complements. ... An increase in the price of a good will increase demand for its substitute, while a decrease in the price of a good will decrease demand for its substitute.
Original source: for those who can't afford to be fussy about status or pay, there are of course plenty of jobs in america. Hundreds of thousands of immigrants crowd into the country every year to work in lawn maintenance, on construction crews, or as housecleaners, nannies, and meat packers. Even in the absence of new job creation, high turnover in the low-wage job sector guarantees a steady supply of openings to the swift and the desperate. To white-collar job seekers, these are known as "survival jobs"--something to do while waiting for a "real" job to come along.
The text discusses 'survival jobs' in the U.S., which are often low-skill, low-wage roles largely filled by immigrants or individuals in urgent need of employment. These jobs often include roles in lawn maintenance, construction, or domestic work.
Explanation:The subject text discusses the situation of low-wage jobs in America, particularly how they are often filled by immigrants. This description of the labour market in the United States highlights the concept of 'survival jobs,' which are typically low-skill, low-wage jobs that require little to no formal education.
They are often filled by individuals who are in desperate situations and are looking for quick employment to sustain themselves. Some examples given include jobs in lawn maintenance, construction, housecleaning, childcare, and meat packing.
Often, these jobs have high turnover rates, meaning there are often openings in these industries. It's important to note that the term 'survival jobs' is typically used in the context of white-collar job seekers who may take on these jobs temporarily while hunting for a job in their preferred field.
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Immigration to the U.S. affects the labor market by increasing the supply of low-skilled labor, resulting in lower wages for such jobs but challenges for U.S. workers in the same field. On the other hand, the U.S. benefits from a 'brain gain' through highly skilled immigrants contributing to vital industries.
With about one-third of immigrants over 25 lacking a high school diploma, many find employment in sectors like restaurant and hotel work, lawn care, and janitorial work. This influx has created a shift to the right in the supply of unskilled labor, resulting in lower wages for these jobs, benefiting middle- and upper-income households but creating challenges for low-skilled U.S. workers competing for the same positions.
Conversely, the U.S. also attracts highly skilled immigrants, many of whom fill white-collar jobs crucial for various sectors, such as healthcare, academia, and engineering. These immigrants, often holding advanced degrees, contribute to the 'brain gain' that sees a disproportionate number of skilled immigrants bolstering the U.S. workforce compared to the native-born population.
A business takes a big risk when it is unwilling to
a. increase promotion
b. study the needs of its customers
c. cut costs
d. All of these choices are correct
A business risks its success when it neglects studying the needs of its customers, as understanding consumer demands is crucial for maintaining a competitive edge and ensuring continued growth. Failing to be consumer-centric can lead to decreased profits and potentially business failure.
Explanation:A business takes a big risk when it is unwilling to study the needs of its customers. Understanding and anticipating the needs and wants of consumers is crucial for a business's survival and growth. This involves engaging in market research, analyzing consumer behavior, and continuously innovating to meet changing demands. By neglecting these activities, businesses risk losing their competitive edge, resulting in decreased profits and potentially leading to business failure. Moreover, focusing on cost-cutting strategies alone without investing in understanding consumer needs can be counterproductive, as it may lead to inferior product quality or service standards, further alienating customers. In today's dynamic and competitive market, the key to a business's success lies not just in reducing expenses but in being consumer-centric and responsive to the evolving needs of the market.
Hiram's lakeside is a popular restaurant located on lake washington in seattle. The owner of the restaurant has been trying to better understand costs at the restaurant and has hired a student intern to conduct an activity-based costing study. The intern, in consultation with the owner, identified three major activities and then completed the first-stage allocations of costs to the activity cost pools. The results appear below:
It is the activity measure total cost of total activity assisting a gathering of guests. The number of people attended $ 14,500 for 5,800 people. Serving a customer number of guests served $ 95,160 for 12,200 diners. Serving a drink number of beverages ordered for $ 27,270 for 10,100 bottles.
The above prices cover all of the expenses of the restaurant without for organization-sustaining expenses. Example rent, business taxes, and top-management payrolls. Some expenses, like the expense of cleaning the linens that cover the restaurant's furniture, change with the amount of individuals worked. Additional costs, example washing dishes and glasses, depends on the number of customers attended or the number of drinks served. Prior to the activity-based costing research, the landlord understood very little about the expenses of the restaurant. She knew that the entire cost for the month including organization-sustaining costs was $180,000 and that 12,000 customers must be served.Accordingly, the average cost per customer was $15.
Answer:
1- Computation of the activity rate for the activities cost:
Activity Cost Pool Activity Measure Total Cost Total Activity
Serving a Party of Diners No. of Party's Served $33,000 6000 parties
Serving a diner Number of diners served $138,000 15000 diners
Serving drinks Number of drinks ordered $24,000 10,000 drinks
For first: [tex]\frac{33000}{6000} =[/tex] $5.5 per setup
For second: [tex]\frac{138000}{15000} =[/tex] $9.2 per hour
For third: [tex]\frac{24000}{10000} =[/tex] $2.4 drinks
Above will be the cost break up for the party of four diners who order two drinks. A party of two diners who do not order any drinks. A lone diner who orders two drinks.2- The cost per diner for three different parties differ from each other and the overall average cost $16 per diner because this average cost does not include organization sustaining cost.
The human resources manager at swingline, inc., a manufacturer of office staplers, wants to encourage a more ethical climate in the organization. a likely way for swingline to do this is to
a. make certain that swingline has a company code of ethics that is enforced.
b. do none of the above. all of these practices are illegal because they take away an employee's constitutional right of free choice.
c. develop a system of security cameras, telephone monitoring, and one-way mirrors to be certain that employees behave appropriately.
d. add an ethics department whose job is to constantly watch employees to be certain they behave.
e. avoid any mention of ethics to employees so that they will not think unethical thoughts.
a. make certain that swingline has a company code of ethics that is enforced
Answer:
The correct answer is letter "A": make certain that Swingline has a company code of ethics that is enforced.
Explanation:
The desired form of behavior of the employees of an organization must be pointed out in a Code of Ethics. This will be useful as a guideline that will limit workers and their actions in the work-frame. If there is not a Code of Ethics in a company, employees may justify an incorrect behavior by saying that there were not aware they could not do that since there is no document stating the opposite. Then, it is not only important to establish a firm Code of Ethics but also to make sure it is being respected.
After a producer determines that the demand for one of its products is inelastic, why would this firm probably raise the price of this product?
Consumer demand would probably increase.
The firm’s costs of production would probably decrease.
The firm’s total revenues would probably increase.
Competition would decrease.
The answer is: The firms total revenue would increase.
A product would be categorized as 'inelastic' if the change in price of the product wouldn't affect the number of demand that the sellers receive for the products much.
Because of this, increasing the price of the products would most likely resulted in an increase in revenue. Usually, inelastic products tend to be the ones that considered as basic necessities such a foods, gas, oil, clothing, etc.