Answer:
The question is incomplete:
Answer the following questions::
a. How long will it take this bank account to reach $10,000? Explain how you determined this and show your work.
b. Will you have enough money to buy the car 15 months from now? Will the account have some money left over?
a)
FV = PV x e^rn
FV = future value
PV = present value
e = 2.7183 (always)
r = interest rate
n = time
10,000 = 9,359.08 x 2.7183⁰°⁰⁵ⁿ
2.7183⁰°⁰⁵ⁿ = 10,000 / 9,359.08 = 1.06848109
ln 2.7183⁰°⁰⁵ⁿ = ln 1.06848109
0.05n = 0.066238097
n = 0.066238097 / 0.05 = 1.3248 years
1.3248 years = 1 year, 3 months and 27 days
b)
Since it takes 1 year, 3 months and 27 days to have $10,000, you will not have enough money if you leave it there for 15 months. Total balance at the end of 15 months:
FV = 9,359.08 x 2.7183⁽⁰°⁰⁵ ˣ ¹°²⁵⁾
FV = 9,359.08 x 2.7183⁰°⁰⁶²⁵
FV = 9,359.08 x 1.064494904 = $9,962.69
A sophisticated client has expressed an interest in becoming more aggressive with their investment strategy. Her current portfolio consists of the following: $50,000 cash $200,000 in retirement accounts $100,000 in various individual stocks in different industries $100,000 in a balance fund She is willing to invest $25,000 for a minimum of 7 to 10 years and accepts that the investment can and will fluctuate in value over time. What investments would be the most appropriate?
Answer:
No options are available, but I would advice her to invest in a mid-cap growth fund. Mid-cap growth funds generally invest in stocks that are in the middle of the stock indexes like S&P 500, and they have a larger potential of growth than large-cap stocks. If she is willing to accept a higher risk, she could also invest in a small-cap growth fund since those stocks have an even larger growth potential.
Since the client knows that this investment carries a certain risk, and its value could vary a lot in time, it is a good option for her. Obviously she wants to make more money but she will need to take more risks also.
The website of the Federal Small Business Administration has a self-help program called the ________, which helps prospective entrepreneurs focus on some of the factors they need to consider before starting their own business.
Answer:
C. Small Business Startup Kit
Explanation:
The small business startup is the guidance kit for the person who wants to become an entrepreneur. It can be come with the financial, legal, practical methods, business plan, website, etc
Here in the given scenario since the entrepreneur focused on some factors that need to be considered prior engaging in starting their own business
So here the correct option is C.
Which of the following careers is most likely to require business skills?
Answer:
1, Communication skill,Leadership skill,Analytical skill
A road map indicating the direction of systems development, the rationale, the current systems, new developments to consider, the management strategy, the implementation plan, and the budget is called a(n): .
Answer: information systems plan
Explanation:
A road map indicating the direction of systems development, the rationale, the current systems, new developments to consider, the management strategy, the implementation plan, and the budget is called an information systems plan.
Information System Planning (ISP) is an approach that waa actually developed in order to help organizations establish a plan which can be used by the organizations to satisfy their information requirements which can either be short or long term basis.
Explain how the following transactions affect the accounting equation: assets purchased on credit rent paid in cash office furniture purchased for cash inventory bought on credit
Answer:
1. An increase in asset and an increase in liability
2. The decrease in asset cash.
3. An increase in assets and a decrease in cash.
4. An increase in inventory and an increase in liability.
Explanation:
The asset purchased on credit will increase the fixed asset account and it will also increase the account payable account. Thus, asset and liability have the same effect.
Rent paid in cash will decrease the company’s asset cash. While the office furniture purchased in cash will increase the assets in the account and cash will be reduced by the same amount. Further, the inventory purchased on credit will increase the inventory and it will also increase the liability by the same amount.
Answer:
edmentum/plato
Explanation:
Assets purchased on credit
In this case, the business purchases assets on credit; that is, the business is not paying cash right now. The business is thus incurring a liability here because it will have to pay the cash in the future. Thus, this transaction increases the assets (because the business purchases them), as well as the liability (obligation to pay in future), thereby balancing the accounting equation.
Rent paid in cash
Rent is an expense that a business has to incur. Thus, in this case, the business is spending cash; that is, it is losing “cash,” which is an asset. Also, because it is losing money, the value of the business (owners’ equity) also reduces. So this transaction decreases assets as well as owners’ equity, resulting in a balanced accounting equation again.
Office furniture purchased for cash
Office furniture is an asset that a business acquires. However, the business spends money—that is, cash (also an asset)—to purchase the furniture. Thus, there is an increase in one asset (furniture), and a decrease in the other (cash). This simultaneous increase and decrease in the assets results in a balanced accounting equation.
Inventory bought on credit
Inventory refers to stock of goods such as raw materials. Therefore, inventory is an asset that the business purchases. However, because the business buys it on credit, the business needs to make the payment in the future. The business is thus adding to its assets, and also incurring a liability (obligation to pay in the future). An increase in assets as well as liabilities leads to a balanced accounting equation again.
You want to buy an annuity that will pay you $1000 per year for 20 years. You find an account that will pay 4% per year, compounded annually. How much must you deposit today in order to fund this annuity?
Answer:
The amount to be deposited today = $13,590.33
Explanation:
The amount to be paid for the annuity would the sum equal to the present value of the cash flow from the annuity. The present value of an ordinary annuity is determined using the relationship below:
PV of annuity = A× ( (1-(1+r)^(-n) )/r
A- Annual cash flow
r- interest rate per annul
n- Number of years
PV- Present Value of annuity'
DATA
A-1000
r- 4%
n- 20
PV = 1,000 ×( (1 - 1.04^(-20))/0.04 =$13,590.33
The amount to be deposited today = $13,590.33
A customer in the 28% tax bracket wants to buy a municipal GO bond with a 7.5% yield that matures in 6 years. The tax-equivalent yield of this bond is
Answer:
10.42%
Explanation:
The computation of the tax-equivalent yield of this bond is shown below:
tax-equivalent yield = Tax free rate ÷ (1 - tax rate)
where,
Tax-free rate is 0.075
And, the tax rate is 28%
Now placing these values to the above formula
So, the tax-equivalent yield of this bond is
= 0.075 ÷ (1 - 0.28)
= 10.42%
We simply applied the above formula to determine the tax-equivalent yield of this bond and the same is to be considered
which careers you can enter after completing a training program and which careers require a college degree
Answer:
any career which is allowed
Explanation:
some Apprentice programs provide a mechanism for new workers to learn trades through a combination of paid on the job training and classroom instruction. Common apprentice occupations include plumber, electrician, heating and air conditioning technician, carpenter, machinist, and mechanic. Training typically lasts one to three years, but trainees receive pay during this time and there is generally no charge for the training. Research apprentice options in your area through your state apprenticeship office.
10. Sales Trainees engage customers and encourage them to purchase products or services. Candidates with strong verbal and interpersonal skills can often convince employers to hire them without any direct sales experience. Make sure you demonstrate drive and assertiveness in your approach to the employer. Conduct informational interviews with salespeople and other staff at target companies to showcase your communication skills. Many organizations have on the job training programs to educate trainees about their products and sales strategies.
Olive Maccones dies without a will. She has three sons and seven grandchildren. She owned a substantial amount of property. What happens to the property
Answer:
The property will be transferred according to the Statute of Descent and Distribution.
Explanation:
Intestacy is the situation where a person dies without leaving a will for the sharing of his estate.
When this happens the descent and distribution statute comes into play.
The heirs or next of kin are beneficiaries to the estate. Heirs can be be blood relatives, adopted children, adopted parent, or surviving spouse.
The line of descent is the order of beneficiaries that are from an ancestor. The line of descent can be direct such as sons, or collateral such as cousins.
In this case where Olive Maccones dies without a will and she has three sons and seven grandchildren, her estate will be distributed by a court based on the line of descent of her sons and grandchildren.
Select all of the purposes workplace technology can serve, as stated in the segment.
A. Facilitating communication
B. Increasing philanthropy
C. Improving profitability
D. Analyzing business information
E. Managing Employees
Answer:
Improving profitability
Analyzing business information
Facilitating communication
Explanation: Just took the test!
The purpose of the workplace technology is facilitating communication, improving profitability and analyzing business information. Thus option A, C and D are correct.
What is technology?Technology refers to the diversification as well as the modification of the Human surrounding. It is the implementation of the scientific knowledge in order to achieve the practical goals.
People can cross over or around walls due to technological advancement and scientific discoveries as they have access to the airplanes, cars, trains, and many other modes of transportation. It helps in various sectors, and communication today had become very easy.
Therefore, it can be concluded that Technology in the workplace is used to improve productivity, facilitate communication, and analyze financial data. Hence, option A, C and D are correct.
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"A registered representative who has passed the Series 63 examination wishes to sell managed accounts to customers in differing states. Which statement is TRUE?"
Answer:
The remaining part of the question is:
Which statement is TRUE?
A. The registered representative needs no further licenses to sell managed accounts
B. The registered representative must pass either the Series 65 or Series 66 examination to sell managed accounts
C. The registered representative must post a surety bond prior to selling managed accounts
D. The registered representative is prohibited from selling managed accounts
Correct Answer:
B. The registered representative must pass either the Series 65 or Series 66 examination to sell managed accounts .
Explanation:
Managed or wrap accounts are defined as "investment advisers" in most states. As such, the firm selling managed accounts must register as an investment adviser; and the individuals selling managed accounts for these firms must register as "investment adviser representatives" and pass either the Series 65 or Series 66 examination.
Prospective entrepreneurs can access data from ________ to obtain information on subjects such as population, business, and housing.
Answer:
the Census Bureau
Explanation:
Businesses use population statistics to help decide where to add jobs or open new stores, offices or other businesses in communities across the counrty.
JDS Shipyard's projected benefit obligation, accumulated benefit obligation, and plan assets were $95 million, $85 million, and $75 million, respectively, at the end of the year. a. What, if any, pension liability or pension asset must be reported in the balance sheet
Answer:
A. $20 million
B. $6 million
Explanation:
A.Calculation for pension liability or pension asset that must be reported in the balance sheet
Using this formula
Pension liability=Projected benefit obligation -Plan assets
Where,
Projected benefit obligation =$95 million
Plan assets =$75 million
Let plug in formula
Pension liability =$95 million-$75 million
Pension liability =$20 million
Therefore the pension liability or pension asset that must be reported in the balance sheet will be $20 million.
B. Calculation for if the plan assets were $89 million instead
Using this formula
Pension liability=Projected benefit obligation -Plan assets
Where,
Projected benefit obligation =$95 million
Plan assets =$89 million
Let plug in formula
Pension liability =$95 million-$89 million
Pension liability =$6 million
Therefore if any, pension liability or pension asset must be reported in the balance sheet if the plan assets were $89 million instead will be $6 million .
"An investor that has been unaffiliated with the issuer for at least 3 months is permitted to sell restricted shares under Rule 144 without being subject to the volume restrictions, after having held the shares for:"
Answer:
six months
Explanation:
Restricted shares are form of securities that are gotten in private sales, from an affiliate of the issuer or through an issuing house. Basically, restricted securities are a form of compensation given to investors in exchange for providing start up capital to a company hence are issued through employee stock benefit plans, private placements, regulation offerings etc.
According to rule 144, before an investor could sell any restricted securities in the market place, such securities must be held for a certain period of time, usually six months for a reporting company, who is subject to the reporting requirements of SEC 1949.
However, where the issuer of the securities is not subjected to reporting requirements of SEC, then the investor could hold them for a period of one year.
Mint-Microprocessors Corp. learned that its biggest competitor dropped prices dramatically in the European market. In response, Mint-Microprocessors decided to do the same in Asia. This resulted in the competitor minimizing its aggressive stance and returning to earlier price points. This is an example of _________ pricing.
Complete Question:
Mint-Microprocessors Corp. learned that its biggest competitor dropped prices dramatically in the European market. In response, Mint-Microprocessors decided to do the same in Asia. This resulted in the competitor minimizing its aggressive stance and returning to earlier price points. This is an example of ________ pricing.
Group of answer choices
A. prescriptive
B. dumping
C. multipoint
D. predatory
E. leader
Answer:
C. Multipoint.
Explanation:
In this scenario, Mint-Microprocessors Corp. learned that its biggest competitor dropped prices dramatically in the European market. In response, Mint-Microprocessors decided to do the same in Asia. This resulted in the competitor minimizing its aggressive stance and returning to earlier price points. This is an example of multipoint pricing.
A Multipoint pricing refers to the situation, where two or more firms compete and a firm's pricing strategy in one market (international trade) basically has an impact on the rival firm's pricing strategy in another market (international trade).
You're prepared to make monthly payments of $320, beginning at the end of this month, into an account that pays 11 percent interest compounded monthly. How many payments will you have made when your account balance reaches $24,354?
Answer:
You would have made 58.00 payments
Explanation:
From the given information:
The future value of the annuity = [tex]Pmt \times [\dfrac{(1+rate)^t-1}{rate}][/tex]
[tex]24354 = 320 \times [\dfrac{(1+\dfrac{0.11}{12})^t -1 }{\dfrac{0.11}{12}}][/tex]
[tex]76.11 = [\dfrac{(1+\dfrac{0.11}{12})^t -1 }{\dfrac{0.11}{12}}][/tex]
[tex]76.11 \times {\dfrac{0.11}{12} = [{(1+\dfrac{0.11}{12})^t -1}][/tex]
[tex](1+ (76.11 \times {\dfrac{0.11}{12})) = [{(1+\dfrac{0.11}{12})^t }][/tex]
[tex]In (1+ (76.11 \times {\dfrac{0.11}{12})) = t \ In [{(1+\dfrac{0.11}{12})}][/tex]
[tex]\mathtt{t = \dfrac{In (1+ (76.11 \times {\dfrac{0.11}{12})}} { In [(1+ \dfrac{0.11}{12}]}}}[/tex]
t = 58.00
_______________ involves the electronic exchange of business transaction documents over the Internet and other networks between supply chain trading partners (organizations and their customers and suppliers).
The question is incomplete:
_______________ involves the electronic exchange of business transaction documents over the Internet and other networks between supply chain trading partners (organizations and their customers and suppliers).
A. Data exchange
B. Intranets
C. Electronic data interchange
D. Data interchange
Answer:
C. Electronic data interchange
Explanation:
-Data exchange is a process to share information between different programs.
-Intranet is a network created by a company for the use of its employees.
-Electronic data interchange is the process used to send information electronically from one company to another one.
-Data interchange refers to sending information between two or more parties.
According to this, the answer is that electronic data interchange involves the electronic exchange of business transaction documents over the Internet and other networks between supply chain trading partners (organizations and their customers and suppliers).
Monopolistic competitors in the food industry, acting in their own self-interest, will often include a recyclable symbol on packaging used for their product as a means to
Answer:
Differentiate their products
Explanation:
A monopolistic competition is when there are many firms selling differentiated products in an industry. A monopoly has characteristics of both a monopoly and a perfect competition. the demand curve is downward sloping. it sets the price for its goods and services.
examples of monopolistic competition are restaurants
A monopolistic firm in the food industry acting in their own self-interest, will often include a recyclable symbol on packaging used for their product to Differentiate their products. This is meant to communicate to consumers that they are different from other firms in the industry
Under the Uniform Securities Act, which of the following negates a client's right to a civil suit for damages?
I. The advice that is the subject of the suit was given more than 3 years ago
II. The client has died
III. The client willingly signed a statement waiving the adviser's compliance with the provision of the act on which the suit is based
Answer:
C) I only.
Explanation:
According to the Uniform Securities Act, A civil case underneath the provisions of the United States must be filed in 3 years of the alleged infringement, or 2 years from the detection of the breach, whatever comes first.
Also, The passing of the consultant or the client doesn't really eliminate a civil liability prima facie case. Waivers to statements agreed to sign by the customer waiving adherence by the consultant with the provisions of this act on which the suit is focused aren't ever legitimate on the examination.
Therefore the option i is correct
Francine is advertising her company's newest video-editing software and related products. She knows that best practice is to create 3-5 ads in each of her Search Ad groups. Why does Google make this recommendation?
a. More ads in an ad group increases the chances of showing more than one ad per auction.
b. More ads in an ad group means they receive a higher-quality score.
c. More ads in an ad group means lower bounce rates for landing pages.
d. More ads in an ad group means more options for success in an auction.
Answer:
d. More ads in an ad group means more options for success in an auction.
Explanation:
According not.Google when creating search Ad groups it is advisable to have 3 to 5 ads per group.
This is done because the more adverts that are included in a search the more the possibility of one of them meeting the needs of a person that is searching.
There is more chance that when the most relevant advert is being selected for an auction one of the ads created will be selected.
It is also recommended that ad rotation is optimised. Ad rotation is when the system chooses ideal advert for specific circumstance in each auction.
Lulu was hired to provide nutrition education to a Hispanic community in her area. Important factors to consider when writing or designing a program plan include(s):
Answer:
This question is incomplete, the options are missing. The options are the following:
A: The established and emerging scientific evidence from research findings
B: An organization’s mission and philosophy mandating health protection and promotion
C: Model nutrition objectives or standards published by expert groups that are pertinent to the community
D: All of the above
E: None of the above
And the correct answer is the option D: All of the above.
Explanation:
To begin with, when it comes to develop a new program working with a new community the most important factors to have in mind will always be the scientific evidence that can be used by the person in order to prove her statements and also the standards and objectives that she will use to provide the program correctly to the differents groups and that will be better if they are from experts that the community approves. Also other important point will the established of the organization's mission and philosophy regarding the protection of healt and its promotion because that will encourage the members of the community to keep the education going.
Financing options for post-secondary education:
a
Are limited for many students across the country.
b
Include scholarships, grants, student loans, and work study.
c
Are very expensive and outweigh the value of the education attained.
Answer:
B.
Explanation:
Federal grants can be defined as financial aid or grants provided by the US grants from the general federal revenue. These grants are provided by the government for various purposes, and one of those purposes are for monetary help for college and education.
The ways in which federal grants or financial assisstance is provided to students is through scholarships, grants, student loans, and work study.
Scholarships are based on academic merit, talents, etc. It is a type of free education that can be earned if students excel in their studies.
Grants is a financial aid that does not need to be repaid unless service, which is promised in return of grant, is done. Example of grants are TEACH, FSEOG, etc.
Work study are those financial aids that helps students to earn on their own for their fees by doing a part-time job.
So, the correct answer is option B.
Online transaction processing (OLTP) systems handle a company's routine ongoing business. In contrast, a data warehouse is typically
Answer:
Explanation:
Data warehousing is a system designed to collect and process data from different sources for the purpose of providing meaningful insight to the management.
Contrasting Online transaction processing that handles a company's routine ongoing business to data warehouse , data warehouse is designed to work with online transaction process as it provides the storage that the OLTP will be made use of in its routine analysis
"During extended periods of high inflation, it can be expected that common stock price movements, as measured by the NYSE Composite Index, will show a:"
Answer:
negative correlation
Explanation:
In such a scenario common stock price movements will show a negative correlation. Meaning that as inflation levels rise the price values of these common stock assets will decrease, which the same can apply the other way around. This tends to occur because a stock's price is just the risk-adjusted present value of the company's future cash flows, thus a rise in inflation will always cause it to drop.
Societies make decisions about what type of goods to produce by:
O A. determining which good is the scarcest.
O B. considering their people's wants and needs.
O c. differentiating between physical and human capital.
D. choosing which factor of production is most important.
Answer:considering their people wants and needs
Explanation:
Societies make decisions about what type of goods to produce by considering their people's wants and needs. The correct option is b.
What do you understand by the term goods?Goods are items that satisfy human wants and provide utility, for example, to a consumer purchasing a satisfying product. A common distinction is made between transferable goods, and services, which are not transferable.
A good is an economic good if it is useful to people but scarce about its demand so that the human effort is required to obtain it. In contrast, free goods, such as air, are naturally in abundant supply and need no conscious effort to obtain them. Private goods are things owned by people, such as televisions, living room furniture, wallets, cellular telephones, and almost anything owned or used daily that is not food-related.
A consumer good or final good is any item that is ultimately consumed, rather than used in the production of another good.
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Under Article 7 on "hard money loans" (cash) of $30,000.00 and over for first trust deed loans, and $20,000.00 and over for junior deeds of trust, except where the new usury laws apply, the loan broker’s commission maximum is:
Complete Question:
Under Article 7 on “hard money loans” (cash) of $30,000.00 and over for first trust deed loans, and $20,000.00 and over for junior deeds of trust, except where the new usury laws apply, the loan broker’s commission maximum is:
Group of answer choices
A. 10%.
B. 12%
C. 20%
D. As much commission as her borrower will agree to pay her.
Answer:
D. As much commission as her borrower will agree to pay her.
Explanation:
Under Article 7 on "hard money loans" (cash) of $30,000.00 and over for first trust deed loans, and $20,000.00 and over for junior deeds of trust, except where the new usury laws apply, the loan broker’s commission maximum is as much commission as her borrower will agree to pay her.
However, in some states a usury law has been passed to define the maximum rate of interest that may be charged on some hard money loans.
In real estate transactions, a hard money loan can be defined as a short-term loan or loans of last resort which is secured by a real property. These type of loans are mainly issued by the private investors (individuals or companies) rather than the common lenders such as credit union or a bank.
Bill is building a project network that involves testing a prototype. He must design the prototype (activity 1), build the prototype (activity 2), and test the prototype (activity 3). Activity 1 is the predecessor for activity 2 and activity 2 is the predecessor for activity 3. If the prototype fails testing, Bill must redesign the prototype; therefore, activity 3 is a predecessor for activity 1. This is an example of
Answer:
looping
Explanation:
Based on the scenario being described it can be said that this is an example of looping. This term refers to a group of activities or tasks that are organized in a sequence, in which one task starts after the previous task has finished and when all the tasks have been completed the sequence repeats itself starting from the first task. Which is what happened in this scenario as activity 3 finished, thus causing activity 1 to start again.
One bank offers a 2% variable rate loan, while a competitor offers a 3% fixed rate loan over the same period. It is likely better to choose the fixed rate loan, even though the interest rate is higher, because the rate on the
Answer:
The problem with variable rates is that they vary, i.e., they might unexpectedly increase and the increase might be pretty significant. One of the main factors leading to the Great Recession was the housing bubble and the increase in mortgage interest rates. Normally, interest rates tend to increase, they might sometimes decrease, but generally they only go up and up.
Even though the fixed interest rate might be higher, it will not change and that guarantees that you will always pay the same amount and that you can prepare your personal budget to cover it.
McKenna offers to sell Lori her collection of hand-painted European tiles. Before Lori has a chance to accept, McKenna says, "Sorry, I changed my mind. I’m not going to sell the tiles." McKenna has just made:
Answer:give the person above this brainlyest :)
Explanation:
City Advertising Services hired a new accounting manager. He signed a contract for a new accounting information system, but his position did not specify whether he was authorized to do so or not. Which internal control procedure needs strengthening?
Answer:
Assignment of responsibilities
Explanation:
Assignment of responsibilities is the major part of any organization as it need the right person need to be assign for the right work. The word responsibilities is the major term in it as the employee need to understand their duties for a particular task. To make the responsibility to a particular employee involves the approval of specialization.
Therefore according to the given situation City Advertising Services has appointed a new head of accounts. He signed a contract for a new accounting system but his role did not state whether or not he was allowed to do so, here the company need to Assignment of responsibilities so that the work should be done in proper manner and can be achieved in a given period of time.