The total allowable MACRS depreciation for the current year is $14,000 + $2,000 + $4,600 + $21,435 = $42,035.
What is the allowable MACRS depreciation on Evergreen's property in the current year?To calculate the allowable MACRS depreciation on Evergreen's property for the current year, we will use the Modified Accelerated Cost Recovery System (MACRS) tables.
Machinery: Placed in service on October 25, it belongs to the 5-year property class (MACRS Table 1). Its recovery period is 5 years and its mid-quarter convention is applied. Using the MACRS Table 2, we find the depreciation rate for the year to be 20%. So, the allowable MACRS depreciation is $70,000 x 20% = $14,000.Computer equipment: Placed in service on February 3, it belongs to the 5-year property class (MACRS Table 1). Its recovery period is 5 years and its mid-quarter convention is applied. Using the MACRS Table 2, we find the depreciation rate for the year to be 20%. So, the allowable MACRS depreciation is $10,000 x 20% = $2,000.Used delivery truck: Placed in service on August 17, it belongs to the 5-year property class (MACRS Table 1). Its recovery period is 5 years and its mid-quarter convention is applied. Using the MACRS Table 2, we find the depreciation rate for the year to be 20%. So, the allowable MACRS depreciation is $23,000 x 20% = $4,600.Furniture: Placed in service on April 22, it belongs to the 7-year property class (MACRS Table 1). Its recovery period is 7 years and its mid-quarter convention is applied. Using the MACRS Table 2, we find the depreciation rate for the year to be 14.29%. So, the allowable MACRS depreciation is $150,000 x 14.29% = $21,435.To know more about depreciation visit:
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which of the following statements about inventory turnover is not true?multiple choice question.turnover is the ratio of sales to inventory.generally, the higher the turnover, the better.the higher the profit margins, the lower turnover can be.
Option B) Inventory turnover is not true; turnover is the ratio of sales to inventory. This statement is correct.
The turnover of inventories is what?Inventory turnover quantifies how frequently an organization can replenish the stocks it has sold during one specific time period. A slower ratio suggests either strong sales or insufficient inventory, while a speedier ratio predicts either weak sales or high sales.
Why is turnover so low?Low turnover suggests that a company's sales are weak, that it has too much inventory, or that its inventory system is subpar. Obsolescence and changing market pricing can pose serious threats to unsold inventory.
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what is the total amount of assets invested in apple in the current year?
The total of all assets that are deemed current because they will produce a benefit within a year might be thought of as current assets.
What are current assets?On the balance sheet, the Current Assets account, a line item under the Assets heading, is where all company-owned assets that can be converted into cash within a year are recorded. Things that are documented in the Current Assets account as having value are considered current assets. Cash, cash equivalents, accounts receivable, stock inventory, marketable securities, and obligations that have already been paid in full are examples of current assets that are liquid. Corporations that are publicly traded are required to adhere to Generally Accepted Accounting Principles and Reporting Standards. One of these statements, the balance sheet, includes a list of a company's assets, liabilities, and shareholders' equity. The first account listed is always Current Assets in the Assets section of a company's balance sheet. Several subaccounts make up the Current Assets account.
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Economic growth is represented on a production possibilities frontier (PPF) by the PPF
a. getting steeper.
b. getting flatter.
c. shifting inward.
d. shifting outward.
e. rotating downward.
choice d is correct. Economic growth shifts or raises the production possibilities frontier (PPF) to the right. Larger and richer economies can produce more of these two goods.
If production resources exist and are increasing, the potential frontier of production shifts outward. The PPF shifts to the right or outwards when there is technological progress, increased resource availability, or the introduction of production processes with improved efficiency for both commodities. This is because more of both commodities are being produced due to the factors mentioned above.
The Production Possibilities Frontier (PPF) describes the production combinations of two products that a country can efficiently deliver using all available factor inputs. One way the PPF could shift outwards is by increasing the supply of active labor.
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This is just a scenario in a business :
With two friends, you started a business—called "Healthy Foods"—selling four types of healthy sandwiches to fellow students out of the back of your van. You each contributed $50 to start the business. After three months, Healthy Foods has made $900. You and your friends must decide what to do with that extra money. If you invest the profits back into the business and add more types of sandwiches, or buy several more coolers to store beverages, or advertise, Healthy Foods is likely to grow. But Beta Burger, your new competition, has talked about joining forces by merging the businesses. How would you prefer to grow your business: by reinvesting the profits you and your friends made, or by merging with Beta Burger?
An independent company with less than 500 employees that is not the market leader in its industry is considered a small business.
What is a small business?Small business is defined as a privately held company, partnership, or sole proprietorship with fewer employees and lower yearly income than a corporation or regular-sized business.The examples of small businesses under this sector include both for-profit and nonprofit universities, training facilities, and educational institutions. Online, offline, live, pre-recorded, on TV, etc. are all possible venues for organizations with a focus on teaching and education.Small companies are frequently praised as an essential part of both the local and national economy as well as the main engine of the country's economic expansion.The manufacture of goods, the sale of them, the acquisition of real estate, machinery, and equipment, the purchase of other businesses, the acquisition of marketable securities, and the receipt of loans from financial institutions are a few examples. Accurate cash flow generation is largely dependent on the proper conduct and administration of commercial endeavors.To Learn more About a small business Refer TO:
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in acquiring or gaining control of a site when zoning is very uncertain, the developer should attempt to negotiate:
Zoning, Filming, and Acting:of Negotiation Issues and Promises Conflicting land use plans Erin RyanThere are many possibilities for dealing [in land use disputes]advantage.
It allows individual decisions to take into account specific characteristics of a particular package or project and Availability of suitable measures to mitigate disadvantaged land Use effects. A carefully balanced set of land use requirements Anything based on a bargaining process could be fairer than it used to be Regulations:Instead of simply dealing with roughly similar countries Also, considering certain characteristics,The question of justifying deviations from a range that may be too broad standard.
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angie is selling her home. she has $165,000 left on her mortgage, $15,000 in closing costs, and a 4% sale commission to pay her agent. what's the least angie should sell for if she wants to earn at least $75,000 on the sale (so she can make a good down payment on a new home)?
An executive in human resources at AmPro Inc. He recently transitioned from a typical HR department function to a senior role.
Does Suzie, a manager of human resources, work at ZedNet Inc.?
Suzie is a human resources manager for ZedNet Inc. She was in charge of hiring and compensating staff. Following a promotion, she was given exclusive responsibility for hiring.
What are the four main responsibilities of HRM?
The strategic method of developing and assisting people and providing a positive work environment is known as human resource management. Although its duties vary across various organizations and industries, they often include hiring, paying and providing benefits, providing training and development, and managing employee relations.
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if an employer has 200 applicants, interviews 50 of them, and ultimately hires 20 of them, what is its hiring yield?
The hiring yield of an employer is a measure of its efficiency in the hiring process and reflects the proportion of applicants who are hired relative to the number of applicants interviewed.
In this case, if an employer has 200 applicants, interviews 50 of them, and ultimately hires 20 of them, the hiring yield is 20/50 = 40%.
Hiring yield is an important metric for employers because it helps them to evaluate the effectiveness of their recruitment processes and identify areas for improvement. A low hiring yield may indicate that the employer is interviewing too many applicants who are not suitable for the role, or that the employer is not making effective use of its time and resources in the interview process. In contrast, a high hiring yield may indicate that the employer is effectively identifying and attracting the most suitable candidates, and is efficiently managing its recruitment process.
Employers can use their hiring yield as a benchmark to measure the success of their recruitment efforts over time and make necessary changes to their processes to improve their hiring yield. For example, they can review their selection criteria, refine their interview questions, or implement new sourcing and screening methods to ensure that they are attracting and hiring the most suitable candidates.
In conclusion, if an employer has 200 applicants, interviews 50 of them, and ultimately hires 20 of them, its hiring yield is 40%. This metric helps employers to evaluate the efficiency and effectiveness of their recruitment processes and make necessary improvements to their processes to attract and hire the most suitable candidates.
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If consumers can easily switch to a close substitute when the price of a good increases, demand for that good is likely to be.
A. elastic.
B. inelastic.
C. unit elastic.
D. inelastic at some points, and elastic at others.
If consumers can easily switch to a close substitute when the price of a good increases, demand for that good is likely to be. A. elastic.
When a good has near replacements, what will the demand elasticity be?By dividing the percent change in the amount demanded of one product by the percent change in the price of a substitute product, the demand elasticity of commodities with near substitutes is calculated. The cross elasticity of demand is another name for this equation.
Therefore, Given that consumers can simply choose to buy one of the close replacements if the price of the good increases, a good with several close substitutes is likely to have somewhat elastic demand.
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on january 1, year 5, a company capitalized $500,000 of costs for software that is to be sold. the software has a five-year useful life. the company also reported the following information for year 5:
$290k.First step: Determine amortization under SL or relative sales value approach, whichever is more company conservative. SL basis = $500k - $125k = $375k.Second step: Compare to NRV (expected future sales of $300k, less expected future disposal costs of $10k = $290k). NRV is less than step 1, so write it down.
A , company frequently abbreviated as "co," is a type of legal body that represents a collection of individuals working together to achieve a specific objective. These individuals may be either natural, legal, or a combination of the two. In order to achieve clearly established goals, corporate members collaborate for a common cause. voluntary organisations, such as for-profit businesses, banks, and programmes or educational institutions, whose objective is to turn a profit A company may be incorporated as a legal entity so that the company itself has restricted responsibility as members fulfil or fail to fulfil their duties in accordance with the publicly stated incorporation, or published policy.
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Complete question is here:
On January 1, Year 5, a company capitalized $500,000 of costs for software that is to be sold. The software has a five-year useful life. The company also reported the following information for Year 5:
- Amortization expense using the straight-line method: $100,000
- Amortization expense using the relative sales value approach: 125,000
- Current sales generated by the software: 100,000
- Expected future sales generated from the software: 300,000
- Expected future disposal and maintenance costs of the software: 10,000
What is the carrying value of the software on December 31, Year 5?
park company is considering an investment of $27,000 that provides net cash flows of $9,000 annually for four years. what is the investment’s payback period?
The investment's payback period is 3 years with net cash flows of $9,000 annually for four years.
Immediate Initial Investment = $27,000
Expected Annual Cash Inflow = $9,000
Since, the money inflows are steady, the Compensation Back period can be determined as:
Initial Investment / Annual Cash Inflow
= $27,000 / $9,000
= 3 years
The net amount of endlessly cash counterparts entering and leaving a business is known as income. Cash got and spent are utilized to separately represent inflows and outpourings.
Capacity to produce positive incomes, or all the more explicitly, potential to expand long haul free income (FCF), is at last what decides an organization's capacity to make an incentive for investors.
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which is the best way to avoid overdraft fees for your checking account?
Choosing not to use your bank's overdraft protection is one of the simplest strategies to avoid incurring an overflow.
As a result, if you attempt to use your debit card to buy something or withdrawal the cash from an ATM without having sufficient funds in someone bank statement, the operation will also be refused.
The removal of overdraft fees by institutions
Depending on your relationship with the bank as well as how people miss a payment the account, certain financial institutions might waive an overdraft fee when you contact customer experience as well as describe the case. It's possible that some organizations own a rigorous curriculum which either suspends or assists consumers in avoiding overdraft fees.
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at what amount would you record the delivery truck in (b)?
The delivery truck should be recorded in the accounting books at its historical cost, which is the total cost incurred to bring the truck to its current condition and location.
This cost includes the purchase price, shipping and delivery costs, taxes, and any other related costs. Historical cost is the most reliable measure of an asset’s worth, as it’s not subject to the effects of inflation or changes in the market. It serves as a benchmark for the value of the asset, which allows for accurate financial statements and easy comparison of assets.
Additionally, utilizing historical cost helps maintain consistency in the company’s accounting treatment of similar assets. It is also the most common basis of accounting used in businesses today.
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what part of the selling process varies the most between industries and customers?
The part of the selling process that varies the most between industries and customers is the nature of the product.
What is nature of the productNature of products can be considered in terms of the total product offering. Nature of the product means the product identifier and a general description of the product.
What is a ProductThe term 'product' covers goods, services, ideas and information. In reality, most products are combinations of these items.
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the receipt of cash from a credit customer on account has what effect on the accounting equation?
The business reports the transaction as a rise in cash and an increase in unearned revenues whenever it receives cash up front from clients. As a result, both assets and liabilities grow.
What are assets?A resource having economic worth that a person, business, or nation possesses or controls with the hope that it would someday be useful is referred to as an asset.
The balance sheet of a business lists assets. They are divided into four categories: tangible, financial, fixed, and current. They are acquired or produced in order to raise a company's value or improve the operations of the company.
Whether it's manufacturing equipment or a patent, an asset can be viewed of as anything that, in the future, can generate cash flow, lower expenses, or increase sales.
They are acquired or produced in order to raise a company's value or improve the operations of the company. Manufacturing equipment is an asset if it has the potential to increase sales, lower costs, or produce cash flow.
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For consumers with an income around $50,000 a year, you can expect the price elasticity of demand to be more elastic for a $20,000 ski boat than for a $1 roll of toilet paper.
For consumers making roughly $50,000 per year, you may anticipate that the price elasticity of demand for a $20,000 ski boat will be higher than for a $1 roll of toilet paper.
The statement is true.
The degree of elasticity increases with the ratio of an expense to income. If the cost of the ski boat, for instance, rises to $50,000, it is quite unlikely that someone with a $50,000 income would be able to buy it. Its demand elasticity would be very high as a result.
However, the cost of a roll of toilet paper cannot be more than $10. It would therefore have an inelastic demand.
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what is a better property to rent out, a house close to attractions or a house close to hospitals and schools
It depends on the intended target demographic. Homes that are close to attractions may be a better choice for renters looking for an active lifestyle and convenience, as they can easily access recreational activities, restaurants, and entertainment.
On the other hand, homes that are close to hospitals and schools may be more attractive to families with young children or older tenants who prioritize access to health and education facilities. Ultimately, the best property to rent will depend on the local market, demand for each property type, and desired target demographic. Target demographics refer to the specific group of people a product, service, or marketing campaign is aimed at or marketed to.
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What type of firm helps consumers and businesses build portfolios for their financial future?
Investment Firms assist consumers and groups build portfolios for their economic future. investment banks' obligations include underwriting new stock problems, constructing portfolios, and performing as financial advisors.
what is the significance of investment companies?
funding banks benefit the broader monetary markets and the economic system with the aid of connecting consumers and dealers, consequently increasing marketplace liquidity. Banks' movements additionally enhance the performance of economic development and help corporate enlargement, which blessings the financial system.
An funding bank's principal purpose is to assist groups and governments on the way to address monetary problems. funding banks provide financing, research, trading and income, wealth control, asset management, IPOs, mergers, securitized merchandise, hedging, and other offerings to their customers.
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Which of the following statements is correct regarding a limited partnership?A.The general partner must make a capital contribution.B.It can only be created pursuant to a statute providing for the formation of limited partnerships.C.It can be created with limited liability for all partners.D.At least one general partner must also be a limited partner.
Answer:h
Explanation:bvdvdsfvedg ergbergbergbergbegbergberg ergbergber
The statement which is correct regarding a limited partnership is option B.It can only be created pursuant to a statute providing for the formation of limited partnerships.
A limited partnership is a type of partnership identical to a general partnership, with the exception that a limited partnership needs at least one general partner (GP) and at least one limited partner rather than the minimum two required for a general partnership.
The primary distinction between general and limited partnerships is that general partners have complete operational authority over a business and, in the context of business, unlimited liability. Unlike general partners, limited partners are not involved in day-to-day activities and have a lower liability.
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Licensed lenders or brokers may be subject to an investigation of their affairs, business, premises, and records by
Licensed lenders or brokers may be subject to investigation for their business practices. This can include Examination of their affairs: This could involve looking into the overall operations of the business.
Who is license lender?Inspection of business premises: This may involve physical inspections of the business location to ensure compliance with regulations and standards.Review of records: Investigators may request access to various records related to the business, including financial records, loan documents, and customer information.Interviews with staff and management: Investigators may conduct interviews with employees and management to gather information and assess their practices and policies.Penalties and enforcement actions: If any violations are found, the lender or broker may be subject to penalties or enforcement actions, including fines, suspension or revocation of their license, or other legal action.Overall, the investigation is meant to ensure that licensed lenders and brokers are operating in a responsible and ethical manner, and that they are in compliance with relevant regulations and standards.To learn more about license lender refer:
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How economics is about making choices?
Economics is actually a crucially important subject because it is the study of decision-making. More specifically, it is the research and application of decision-making in a world with constrained resources (scarcity).
How does economics influence your decision-making?Making economic judgments is a daily necessity. You may think strategically and make judgments to maximize the result with the aid of economics. People with a background in economics and finance are in high demand because they are highly qualified for positions in the banking and financial industries, such as accountancy businesses.
According to economists, people make decisions in an effort to maximize the value of some objective, and they define that objective in terms of their own self-interest. People maximize through making choices.
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what is the term that emphasizes how a factory’s capabilities could be used strategically to gain advantage over a competing company?
Manufacturing strategy is the term that emphasizes how a factory's capabilities could be used strategically to gain an advantage over a competing company.
The manufacturing strategy can be specified as a long-range strategy to utilize the resources of the manufacturing technique to help the business system and in turn, meet the business goals. All manufacturing systems have precise business objectives to be achieved, which are propelled by the organizational mission proclamation. These business goals are then utilized to generate the business system. The business strategy should be formulated to permit the organization to fulfill its business objectives but be adaptable enough to acclimate to change.
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what are reasons why strategic planning may not occur sequentially? (choose every correct answer.) multiple select question. when the economy has had six consecutive months of steady growth and projections indicate that the trend will continue when new logical alternatives arise when a situation analysis necessitates that the mission statement be revised when the implementation plan cannot move forward because there are too few resources
The reasons why strategic planning may not occur sequentially
are:
when a situation analysis necessitates that the mission statement be revisedwhen the implementation plan cannot move forward because there are too few resourcesWhat is strategic planning?Leaders of a company develop their future vision and determine their organization's goals and objectives through the process of strategic planning. Establishing the order in which these objectives should be accomplished can help the organization attain its stated vision.
The process through which an organization determines its strategy or direction and decides how to allocate its resources to achieve its strategic goals is known as strategic planning. Additionally, it may include controls that direct how the plan is put into practice.
Therefore, option C and D are correct.
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Answer:
-When the implementation plan cannot move forward because there are too few resources.
-when a situation analysis necessitates that the mission statement be revised.
-when new logical alternatives arise.
Explanation:
for operations planning to be as useful as possible, decision makers must understand how current and planned interagency actions will impact: a. workforce requirements b. fuel consumption c. lifeline stabilization d. logistics sequencing
For operations planning to be as useful as possible, decision makers must understand how current and planned interagency actions will impact lifeline stabilization.
Decision-makers must comprehend how interagency activities taken now and in the future will affect the trajectory of the operation toward stabilization of lifelines in order for operations planning to be as beneficial as feasible.
It is a well-organized process that proceeds logically from problem identification and analysis to the creation of possible solutions to the problem. the transformation of conceptual choices into a strategy that commanders can carry out.
You are out of the running if you don't have an operational plan. A detailed grasp of goals is made possible by the ability to change and refer to a plan. An operational planning guarantees you can pinpoint areas that aren't bringing in as much money as they could or are losing money, and it can assist you in determining what needs to change.
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Selected information for Advanced Spa Services and Dalton Spa Services follows: Advanced Spa Services Total Assets Total Stockholders' Equity Total Revenues Net Income $180,000 $71,000 $88,000 $12,000 Dalton Spa Services Total Assets Total Stockholders' Equity Total Revenues Net Income $153,000 $119,000 $74,000 $22,000 The total assets and total stockholders' equity balances are at December 31, 2024. Total revenues and net income are for the year ended December 31, 2024. No dividends were paid. Average net assets are $200,000 for Advanced and $173,000 for Dalton. What is the ROA for each business?
ROA (Return on Assets) is a financial statistic that compares a company's profitability to its total assets. It is determined by dividing total assets by net income.
ROA = Net Income Total Assets = $12,000 $180,000 = 0.067 or 6.7% for Advanced Spa Services ROA = Net Income Total Assets = $22,000 $153,000 = 0.144 or 14.4% for Dalton Spa Services As a result, Advanced Spa Services has a ROA of 6.7%, whereas Dalton Spa Services has a ROA of 14.4%. Advanced Spa Services and Dalton Spa Services follows: Advanced Spa Services Total Assets Total Stockholders' Equity Total Revenues Net Income $180,000 $71,000 $88,000 $12,000 Dalton Spa Services Total Assets Total Stockholders' Equity Total Revenues Net Income $153,000 $119,000 $74,000 $22,000 The total assets and total stockholders' equity balances are at December 31, 2024. Total revenues and net income are for the year ended December 31, 2024.
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company xyz created a set of protocols to guide the company to bring its vision to reality. what is this set of protocols called? group of answer choices core values mission strategy formulation vision
The set of protocols is called a) core values.
Core values are the fundamental beliefs of a company that dictate how it operates and how it interacts with its employees, customers, and other stakeholders.
At Company XYZ, these core values include integrity, innovation, respect, excellence, and collaboration protocols.
Integrity means that Company XYZ will act responsibly and ethically, always doing what is right and honest. Innovation is about striving to be at the forefront of the industry, continuously improving and developing new products and services.
Respect means that Company XYZ will value the contributions of each employee and always treat them with dignity and respect. Excellence is about setting and achieving high standards in everything the company does.
Finally, collaboration is about promoting a culture of teamwork and open communication to ensure success.
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How to avoid double counting in calculating GDP?
Double counting in calculating GDP can be avoided by using an expenditure approach instead of an income approach.
The expenditure approach entails only counting the value of goods and services when they are purchased, regardless of who produced them. This approach aims to ensure that the same item isn’t counted multiple times, which would lead to double counting.
For example, if a car is produced by a domestic producer and purchased by a domestic consumer, then the expenditure approach would only count its value once.
In contrast, the income approach includes the factor incomes of all domestic producers, regardless of whether the item has been purchased by a domestic consumer. Thus, the same item could be counted multiple times, leading to double counting.
This approach is more comprehensive in scope, but also more prone to double counting. To avoid such issues, it is recommended to use the expenditure approach instead.
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you have just made your first $4,800 contribution to your retirement account. assume you earn a return of 11 percent per year and make no additional contributions. a. what will your account be worth when you retire in 33 years? (do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) b. what if you wait 10 years before contributing? (do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
The worth of the account after 33 years is $150,279.43 and the future value if waited for 10 years is $52,926.08.
A contribution of $4,800 is made today. The interest rate is 11%
a. The future value of the account at the end of 33 years can be calculated as follows:
Future value= Present valuex (1+ Rate) Nia berof gears
= S4,800x(1+11%) "3
=$4,800x31.3082144
=$150.279.42912
Thus, the worth of the account after 33 years is $150,279.43.
b. It is given that the contribution is not made today. It is done after 10 years. The retirement is in 33 year
Thus, the number of years remaining is 23 years (33 years - 10 years).
Now, calculate the future value as follows:
Future value = Present value x (1+ Rate) \ianberoi sears
=$4,800x(1+11%)33
=$4,800x11.026267
= $52,926.0816
Thus, the future value if waited for 10 years is $52,926.08.
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what is the overall purpose of a marketing plan? group of answer choices to define the company's strengths and weaknesses to define the target market and promotion strategies to be used on that market to guide the analysis, implementation, and control of the firm's marketing strategy to determine whether or not a firm has enough capital to pursue its objectives to identify both existing and potential competitors of the firm
To guide the analysis, implementation, and control of the firm's marketing strategy to determine whether or not a firm has enough capital to pursue its objectives is the overall purpose of a marketing plan.
What is marketing plan?
An overall business plan could include a marketing plan. A well-written marketing plan must have a strong foundation in marketing strategy in order to fulfill its objectives. A marketing strategy may include a list of tasks, but without a solid strategic base, it is of little service to a company. Your marketing plan is the best place to keep track of the management and optimization of your digital marketing strategy as well as to lay out a course for future expansion and business development. Businesses utilize a marketing plan as a strategic road map to plan, carry out, and monitor their marketing strategy over a specific time frame.
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What Is the Law of Demand in Economics, and How Does It Work?
According to the rule of demand, if all other parameters remain constant (cetris peribus), the price and quantity demand of any good or service are inversely connected.
One of the most fundamental notions in economics is the law of demand. It works in tandem with the law of supply to explain how market economies allocate resources and set prices for goods and services that we see in everyday transactions.
According to the law of demand, the quantity purchased varies inversely with price. In other words, as the price rises, so does the quantity demanded.
This is due to diminishing marginal utility. That is, customers utilize the first units of an economic good they buy to meet their most pressing demands, then use each additional unit to meet gradually lower-valued purposes.
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what is the difference between foreign ownership and cabotage rights? why are these elements such a big issue in international air service?
Foreign ownership refers to the ownership of a company or assets by individuals or entities from a foreign country. Cabotage rights refer to the rights of a country to regulate the transport of goods and passengers within its borders by carriers based in other countries.
These elements are a big issue in international air service because they are key factors in determining the level of competition and control in the airline industry. Foreign ownership restrictions can limit the ability of foreign airlines to own or control domestic airlines in another country, which can affect their ability to enter new markets and compete with domestic airlines.
Cabotage rights also play a big role in the regulation of international air service, as countries have the ability to restrict the operation of foreign airlines within their borders. This can limit the ability of foreign airlines to provide services to domestic customers, which can have a significant impact on their competitiveness and profitability.
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