Answer:
6 years
Explanation:
Rate = 3%
PMT = 31,000
PV = -167,933
FV = 0
Using the MS Excel Nper function
How soon the fund will be exhausted = Nper(Rate, PMT, -PV, FV)
= Nper (3%, 31,000, -167,933, 0)
= 6.0000255
= 6 years
Thus, it will take 6 years for the fund to be exhausted
1. DISCUSSION Although many argue that the gig economy has opened up opportunities for individuals to be self-employed in ways that complement their lifestyle, the investments that gig giant Uber is making suggest a different kind of future for the uber-successful taxi substitute. 1. What do think Uber has in mind
Answer:
Uber’s main angel is to become the main source for the transportation of people and local commerce around the country. This means ” adding scooters, bikes, public transportation schedules (and, even the ability to buy tickets) to Uber’s app. They will make it easier for more people to work for them and also it will benefit them financially.
Explanation:
The formation of an interest group in response to a perceived need is known as _________
Answer:
Disturbance theory
Explanation:
The creation of an interest group in response to a perceived need is known as DISTURBANCE THEORY.
DISTURBANCE THEORY occur in a situation where people or group of people decided to create an INTEREST GROUP when they are not satisfied with the current situation of their environments or when their perceived need or immediate need are not meant due to unavailability of resources or when their is changes in government rules or policy which the group of people are against because they are not satisfied with the policy.
Annette is an ordained minister working for Blessed Church. Her earnings for services performed for Blessed Church are generally considered:
Answer:
Tax-exempt income.
Explanation:
Question Completion with Options:
O Wage income.
O Tax-exempt income.
O Self-employment income.
O Unearned income.
Answer:
Annette's earnings for services performed for Blessed Church are generally considered:
O Wage income.
Explanation:
According to the IRS records, since Annette is an ordained minister performing ministerial services either as an employee of Blessed Church or as a self-employed person and owner of Blessed Church, all of her earnings are subject to income tax. Her wages, offerings, and fees that she receives for performing marriages, baptisms, funerals, etc., are counted as part of her wage-income for taxation purposes.
What is a reason one discounts future cash flows as part of the absolute valuation process?
a. The company might do a share split which will diminish the value of one's stake
b. Deflation makes future cash flows worthless
c. Investors prefer cash flows today to cash flows in the future
d. Future profits are certain
Answer:
c. Investors prefer cash flows today to cash flows in the future
Explanation:
As we know that the future profits are unpredicted and non-certain so here the investor should prefer the cash flows for today for cash flows to be done in the future. In addition to this, the discount future cash flows should have the part in the absolute valuation process
Therefore the option c is correct
And, the rest of the options are wrong
In an effort to create a healthcare safety net, the government requires employers to provide healthcare coverage to all employees. What impact will this increased coverage have on the demand for doctors in the short run?
a. It will increase the demand.
b. It will decrease the demand.
c. It will not affect the demand.
Answer:
a. It will increase the demand.
Explanation:
In the short-run, the increased healthcare coverage will increase the demand for doctors. However, in the long-run the demand will stabilize relatively. Then, it will the increased coverage of healthcare required from employers will no longer affect the demand for the services of doctors. Demand in the short-run is always increasing until an equilibrium is reached where the market forces of demand and supply become equal.
Consider a basket of consumer goods that costs $80 in the United States. The same basket of goods costs GHS 24 in Ghana.Holding constant the cost of the basket in each country, compute the real exchange rates that would result from the two nominal exchange rates in the following table.Cost of Basket in U.S (Dollars) Cost of Basket in China (Yuan) Nominal Exchange Rate (Yuan per dollar) Real Exchange Rate (Baskets of Chinese goods per basket of U.S goods) 90 105 7.00 90 105 10.50
Answer: 6; 9
Explanation:
The real exchange rate would be calculated as:
= (Nominal exchange rate × cost of basket in the United States) / cost of basket in China
a. Real exchange rate = (7.00 × 90) / 105
= 6
b. Real exchange rate = (10.50 × 90) / 105
= 9
Briefly evaluate the effectiveness of artificial trade barriers, such as tariffs and import quotas, as a way to achieve and maintain full employment throughout the U.S. economy. How might such policies reduce unemployment in one U.S. industry but increase it in another U.S. industry?
Answer: Reduction of imports will move spending on another national output to spending on domestic output
Explanation:
Artificial tree barrier such as tariff and import quotas reduce unemployment in one US industry and has another industry increase it's productivity due to this effect. Reduction of imports will move spending on another national output to spending on domestic output, this would cause the domestic output and employment to rise
Which of the following is responsible for conducting an independent
examination of a company's financial statements and records?
-Auditor
-Bookkeeper
-Stakeholder
-Controller
Answer:
-Auditor
Explanation:
The auditor is responsible for conducting an independent examination of the financial statements and records of the company. he or she checks whether the company follows the accounting principles, norms, etc as prescribed and according to that he or she give the qualified or unqualified report
Therefore as per the given situation, the option a is correct
Under the Tax Cuts and Jobs Act (TCJA), to reduce waste, fraud, and abuse, a taxpayer is required to provide which of the following in order to claim the refundable Earned Income Tax Credit?
A. Valid Driver's License Number.
B. Work-eligible Social Security Number (SSN).
C. U.S. Military ID card.
D. U.S. Passport.
Answer: B. Work-eligible Social Security Number (SSN).
Explanation:
President Trumo signed The Tax Cut and Jobs Act (TCJA) into law. The changes brought about reduction in taxes paid by economic agents like the household and firms.
For example, there was reduction in the rate of corporate income tax from about 35% - 21%. The income tax rate for individuals were also reduced. It should be noted that for one to be able to claim the refundable Earned Income Tax Credit, such person must provide his or her Work-eligible Social Security Number (SSN)..
Universal Sports Supply began the year with an accounts receivable balance of $130,000 and a year-end balance of $150,000. Credit sales of $645,000 generate a gross profit of $215,000. Calculate the receivables turnover ratio for the year. (Round your final answer to 1 decimal place.)
Answer:
The answer is 4.6
Explanation:
The formula for receivable turnover equals:
Net sales (credit sales) ÷ average accounts receivable
Average accounts receivable =
($130,000 + $150,000) ÷ 2
$280,000 ÷ 2
= $140,000
Therefore, receivables turnover ratio is
$645,000/$140,000
= 4.6
Jade has midterms in economics and astronomy tomorrow and only has four hours left to study. The accompanying table provides the combinations of time spent studying economics and astronomy and her expected exam scores.
Hours Spent Studying Economics Economics Exam Score Hours Spent Studying Astronomy Astronomy Exam Score
0 60 0 70
1 80 1 83
2 90 2 87
3 95 3 90
4 98 4 92
Required:
a. Use a graph to plot the production possibilities frontier for Jade's study options.
b. Suppose Jade spends the first two hours studying economics. The opportunity cost of spending the third hour studying economics is __________ points on her __________exam.
c. Suppose Jade’s goal is to maximize her combined exam scores. Calculate how many hours she should spend studying economics and how many hours she should spend studying astronomy.
Jade should spend _________hours studying economics and _______hours studying astronomy.
d. Suppose Jade's laptop dies and refuses to start up. All her notes and class materials (for both classes) are saved on its hard drive.
Jade's production possibilities curve will ______________, because studying
Answer:
a. This part can be drawn here, so I have attached it in the attachment. Please refer to attachment for this part of the question.
b. First blank = 13 marks
2nd Blank = Astronomy
c. Economics for 3 hours
Astronomy for 1 hour
d. In this case, Jade's Performance Possibility Frontier graph will shift to left. As obviously, she will get low marks in both exams if her laptop dies.
Explanation:
Jade have total 4 hours to study and have two exams of Economics and Astronomy. If she only studies Economics then she will lose marks in Astronomy and vice versa. So, she needs to plan wisely to gain optimum marks and this questions is all about the planning.
Solution:
a. This part can be drawn here, so I have attached it in the attachment. Please refer to attachment for this part of the question.
b. Supposing Jade spend first 2 hours studying economics.
It means from the data, she would obtain 90 marks in Economics.
Now, the other part is asking that, if she spends 3rd hour studying Economics then what is the opportunity cost of spending that hour. And how much marks she will compromise for the other subject
So,
Suppose, she spends that 3rd hour studying Astronomy. So, according to data given, she will acquire 13 marks in Astronomy. And it is exactly the opportunity cost of spending the third hour studying Economics.
First blank = 13 marks
2nd Blank = Astronomy
c. In order to maximize the score from the combination of exams, Jade need to study Economics for 3 hours which will give her total marks = 95 marks
and she need to study Astronomy for 1 hour which will give her total marks = 83 marks.
In this combination, she will get maximum marks = 95 + 83 = 178 marks
d. In this case, Jade's Performance Possibility Frontier graph will shift to left. As obviously, she will get low marks in both exams if her laptop dies.
It should be noted that when Jade spends the first two hours studying economics. The opportunity cost of spending the third hour studying economics is 4 points on her astronomy exam.
Opportunity cost simply means the real cost of a foregone alternative. It is what one leaves in order to do something else. Also, Jade should spend 3 hours studying Economics and 1 hour studying astronomy.
Lastly, when Jade's laptop dies and refuses to start up. All her notes and class materials (for both classes) are saved on its hard drive, the production possibilities curve will shift to the left because studying becomes more difficult.
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You should use a(n) _____________ to track the mean diameter of the pipe for a manufacturing process producing copper pipes.
Answer: String
Explanation:
How the measurement is done with a string;
•Wrap a string around the pipe.
•Mark the point where the string touches together.
•Use a ruler or measuring tape to find the length between the tip of the string and the mark you made (circumference)
•Divide the circumference by 3.14159.
Angela borrowed $30,000 for her college tuition at 3% per year convertible quarterly. Her father agreed to make payments until the outstanding balance was less than $10,000. At that time Angela would make payments until the loan would be repaid. The length of the loan is for 15 years and level payments are made on an annual basis. How many payments will Angela need to make
Answer:
4 payments
Explanation:
Loan amount = 30,000
Nominal annual interest rate = 3% = 0.03
Effective annual interest rate = (1+0.03/4)^4 - 1 = 1.0075^4 - 1 = 1.03033919066 - 1 = 0.03033919066 = 3.03%
No of annual payment = 15
Annual payment = PMT(Effective annual interest rate, No of annual payment, -Loan amount, 0)
Annual payment = PMT(3.03%, 15, -30,000, 0)
Annual payment = $2,519.17
Remaining balance = $10,000
Number of annual payments to get desired remaining balance = Nper(Effective annual interest rate, -Annual payment, Loan amount, -Remaining balance, 0)
= Nper(3.03%, -2,519.17, 30,000, -10,000, 0)
= 11
Number of annual payments to get desired remaining balance = 11. So, number of annual payment Angela need to make is 4 (15-11).
Consumers who put a high value on a serviceA) are better off with perfect price discrimination.B) are better off under a single-price monopoly.C) are indifferent between perfect price discrimination and a single-price monopoly.D) incur deadweight loss under either single-price monopoly or perfect price discrimination.
Answer:
b. are better off under a single-price monopoly
Explanation:
Consumers who put a high value on a service are better off under a single-price monopoly. Under perfect price discrimination, every consumer is charged equal to the maximum willingness to pay then in the case of a high value on service person will be charged very high than a single price monopoly so the consumer is better with single-price monopoly.
Which of the following is true of a business rule management system (BRMS)?
a. A BRMS establishes a network of warehouses for storing products and delivering them tocustomers.
b. A BRMS avoids potential bottlenecks and lengthy delays in implementing organizational and process changes.
c. A BRMS provides users with the ability to see a colleague’s availability status and schedule meetings.
d. A BRMS allows users to create and edit Web page content freely using any browser or wiki software.
Answer: b. A BRMS avoids potential bottlenecks and lengthy delays in implementing organizational and process changes.
Explanation:
A Business Rule Management System (BRMS) refers to the rules that a business follows in software form. The decision process of the business is automated by this process thereby leading to increased efficiency and effectiveness.
Because the BRMS embodies the decision making process of the company, its automated processes avoids potential bottlenecks and lengthy delays in implementing organizational changes because it already knows how the business should react to certain actions.
Sheffield Company developed the following information about its inventories in applying the lower-of-cost-or-net realizable value (LCM) basis in valuing inventories. Net realizable Product Cost value A $112000 $130000 B 83000 72000 C 157000 161000 If Sheffield applies the LCNRV basis, the value of the inventory reported on the balance sheet would be
Answer:
$341,000
Explanation:
The value of the inventory is computed as shown below (applying LCM basis)
= Value of product A + Value of product B + Value of product C
= $112,000 + $72,000 + $157,000
= $341,000
Thus, the value of the inventory reported on the balance sheet would be $341,000.
Indicate whether each of the following actions represents foreign direct investment or foreign portfolio investment.
a. Opening a retail store in a foreign country
b. Buying corporate stock in a retail chain in a foreign country
Answer: a. Foreign direct investment
b. Foreign portfolio investment
Explanation:
a. Opening a retail store in a foreign country is a foreign direct investment. This simply means a scenario whereby one establishes a business in another country that is different from ones own country. For example an American establishing a business in Japan is a foreign direct investment.
b. Buying corporate stock in a retail chain in a foreign country is a foreign portfolio investment. This is a situation when one buys shares, bonds etc in another country.
During January, time tickets show that the factory labor of $7,000 was used as follows: Job 1 $2,330, Job 2 $1,750, Job 3 $1,700, and general factory use $1,220. Prepare a summary journal entry to record factory labor used.
Answer and Explanation:
The journal entry to record the usage of the factory labor is as follows;
Work in process ($2,330 + $1,750 + $1,700) $5,780
Manufacturing overhead $1,220
To Factory labor $7,000
(Being the factory labor used is recorded)
Here the work in process and manufacturing overhead is debited as it increased the asset and increased the expenses while on the other hand the factory labor is credited
Interview notesRebecca was single on December 31, 2020. Her husband, Doug Washington, passed away on March 20, 2019, and she has not remarried. Rebecca and Doug have always filed Married Filing Jointly in previous tax years. Rebecca and Doug have two children, Sara, age 15 and David, age 11. Rebecca is 45 years old. Rebecca earned $36,000 in wages in tax year 2020. This was her only source of income. Each of the children received $200 in Social Security Survivor Benefits for the year, which Rebecca put into a college fund for their education. Rebecca paid all the cost to keep up her home and support for Sara and David. Rebecca received $2,200 in an Economic Impact Payment. In order to work, Rebecca paid $3,100 to ABC Academy for after-school child care. The statement from the care provider includes the provider's name, address, valid Employer Identification Number, and the amount paid for child care expenses for David ($2,500) and Sara ($600). They all are U.S. citizens and have valid Social Security numbers. 1. What is the most beneficial filing status allowable for Rebecca? A. Single.B. Married Filing Jointly.C. Head of Household.D. Qualifying Widow(er).2. Rebecca has $3,100 in qualifying child care expenses for the child and dependent care credit. A. TrueB. False
Answer: 1.D.
2. True
Explanation:
The story plot of Rebecca is about the newly married couple who arrived at the family estate and finds some unnatural activities in the house. It was the most unathietic that he was getting some of the vibes of his first wife named, Rebecca, whose legal rights were on the house long after the death also.
1. The correct answer is D. Qualifying Widow(er)
2. The correct answer is true.
Option D. Qualifying Widow(er) is correct because it is the most beneficial filing status for Rebecca because she was a good and also achievable person. Her achievements in the context specify that she was a scholar as well.
Option True is correct because the statement mentioned in the context is true as per the content in the question.
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During the year, Bright Corporation applied factory overhead costs of $330,000 to production. At the end of the year, total overapplied factory overhead is $13,000. What was the amount of actual factory overhead cost incurred during the year
Answer:
$317,000 = actual overhead
Explanation:
Giving the following information:
Applied overhead= $330,000
Overapplied overhead= $13,000
To calculate the actual overhead, we need to use the following formula:
Under/over applied overhead= real overhead - allocated overhead
-13,000 = real overhead - 330,000
$317,000 = real overhead
Last year you bought a house for $200,000, and you sell the house this year for $230,000. Unfortunately, the government makes you pay taxes on your capital gains. Assume that the capital gains tax rate is 20%. Over the year, the CPI increased from 110 to 115.5.
1. What is your after-tax real return?.2 Suppose that the CPI increased from 110 to 121. What is your after-tax real return now?
Answer:
1. After-tax real return = $22,857.14
2. After-tax real return now = $21,818.18
Explanation:
To calculate these, we first claculate the following:
Capital gains = House selling price - House purchase price = $230,000 - $200,000 = $30,000
Capital gains tax = Capital gains * Capital gains tax rate = $30,000 * 20% = $6,000
Nominal after tax return = Capital gains - Capital gains tax = $30,000 - $6,000 = $24,000
Therefore, we have:
1. Over the year, the CPI increased from 110 to 115.5, what is your after-tax real return?
After-tax real return = Nominal after tax return / (New CPI / Old CPI) = $24,000 / (115.5 / 110) = $22,857.14
2 Suppose that the CPI increased from 110 to 121. What is your after-tax real return now?
After-tax real return now = Nominal after tax return / (New CPI / Old CPI) = $24,000 / (121 / 110) = $21,818.18
Select the pairing that is correctly matched. A. Preferred stock: may be purchased by converting common stock shares into preferred ones B. Common stock: holders can mail in their votes if they can't attend a company's annual general meeting C. Common stock: may come with an additional dividend provision attached to company financial goals D. Preferred stock: is a less stable investment than common stock with fewer rights of ownership
Answer:
C. Common stock: may come with an additional dividend provision attached to company financial goals
Explanation:
Dividends may have certain provisions that will have to be met for them to be disbursed to the Common Stock Holders that may be in accordance with Company financial goals. For example dividends may only be distributed when a certain level of profit is reached or when shares trades at a certain price.
Therefore,
The pairing that is correctly matched is Common stock: may come with an additional dividend provision attached to company financial goals
The correct pair is Common stock: may come with an additional dividend provision attached to company financial goals. The correct option is c.
Common stock is a type of security that represents corporate equity ownership. Outside of the United States, the terms voting share as well as ordinary share are also commonly used. In the United Kingdom and other Commonwealth countries, they are referred to as equity shares and ordinary shares. This type of share entitles the holder to a portion of the company's profits as well as the right to vote on corporate policy as well as the composition of the board of directors.
Owners of common stock do not directly own the company's assets; instead, each stockholder holds a fractional interest in the company, which owns the assets.
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As long as a public sector activity will generate benefits regardless of the costs, the activity should definitely be undertaken.A. TrueB. False
Answer:
True
Explanation:
The activity should definitely be undertaken in as much as it generate benefit. This is because the public sector do not look for the profits, its rather aim at the welfare of the people. So it is important to generate the benefits to the society regardless of the costs. The ultimate aim will be increasing the social welfare.
Which of the following statements about buying centers is true?
A) The buying center is a fixed and formally identified unit within the buying organization.
B) The buying center roles are specified on the organizational chart.
C) The typical buying center has five employees, one to assume each of the buying center's roles.
D) The individual's role in the buying center does not change.
E) The buying center may involve informal participants who are not obvious to sellers.
Answer:
E) The buying center may involve informal participants who are not obvious to sellers.
Explanation:
Buying center can be regarded as a
decision-making unit that is responsible for how some members of an organization that are partaking in buying process of a particular product/services come together. They are groups of people that are involved in purchasing decisions making in an organization, and they can be regarded as professional buyers. This concept came to light by Robinson and Farris
It should be noted that buying center may involve informal participants who are not obvious to sellers.
Simmons LLC purchased an office building and land several years ago for $250,000. The purchase price was allocated as follows: $200,000 to the building and $50,000 to the land. The property was placed in service on October 2. If the property is disposed of on February 27 during the 10th year, calculate Simmons's maximum depreciation in the 10th year.
Answer: $641
Explanation:
Based on the information that have already bee given in the question, if the property is disposed of on February 27 during the 10th year, then Simmons's maximum depreciation in the 10th year will be calculated as:
= 200000 × 2.564% × 1.5/12
= 200000 × 0.02564 × 0.125
= $641
Elfalan Corporation produces a single product. The cost of producing and selling a single unit of this product at the company's normal activity level of 47,000 units per month is as follows:Per UnitDirect materials $ 46.10Direct labor $ 8.80Variable manufacturing overhead $ 1.80Fixed manufacturing overhead $ 18.70Variable selling & administrative expense $ 3.20Fixed selling & administrative expense $ 15.00The normal selling price of the product is $100.10 per unit.An order has been received from an overseas customer for 2,700 units to be delivered this month at a special discounted price. This order would not change the total amount of the company's fixed costs. The variable selling and administrative expense would be $1.90 less per unit on this order than on normal sales.Direct labor is a variable cost in this company.Suppose there is ample idle capacity to produce the units required by the overseas customer and the special discounted price on the special order is $83.40 per unit. The monthly financial advantage (disadvantage) for the company as a result of accepting this special order should be:A. $18,090B. ($27,540)C. $68,580D. ($43,000)
Answer:
Effect on income= $68,580 increase
Explanation:
Because it is a special order, and there is unused capacity, we will not take into account the fixed costs. Only the variable ones.
First, we need to calculate the unitary cost:
Unitary cost= 46.1 + 8.8 + 1.8 + 1.3
Unitary cost= $58
Now, the effect on the income of accepting the offer:
Effect on income= 2,700*(83.4 - 58)
Effect on income= $68,580 increase
What may be a problem of comparing the p/e of a stock to the P/E of the overall market?
Answer:
The correct option is d) a stocks P/E ratio can remain above or below market average for extended periods
Explanation:
Based on the information given what may the issue of comparing the P/E of a stock to the P/E of the overall market is that a stocks P/E ratio can remain high or have low market average for a periods of time reason been that high P/E may indicate that the stock value is high while low P/E may indicate that the stock value is low.
In what ways do goals and objectives help managers control the organization? How do specific and measurable goals affect employee and organizational performance? Provide an example from your own experience of when a specific goal or objective provided beneficial control over a process. Please answer in 150 words or more
Answer:
In simple words, the goals and objectives are the end meets or which every action must be taken. If the point of destination is clear the managers of the company can plan and execute effectively taking each action according to that predetermined end point.
In my experience, I had a goal to secure more than 70 percent in my final year of graduation. By clearing my goal and objective i took every step in the year to achieve that goal. This made me help myself to keep control.
On average, an American shopper has to choose among _______ times as many products as he actually buys.
a. 10
b. 100
c. 1,000
d. 10,000
Answer: b. 100
Explanation:
With the market being so competitive in the United States, it has always been know that there are so many different products serving the same need to American customers which means that they have to choose from all these different products.
Studies have shown that the average number of these different products is 100 which means that an American shopper has to choose from among 100 times as many products as they actually end up buying.
______ indicators can be traced after the product has been launched to view if it meets product goals and user requirements.
Answer: Success metrics
Explanation:
The indicators that can be traced after the product has been launched to view if it meets product goals and user requirements are referred to as the success metrics.
Success metric indicators are used toesure success based on a predetermined target. They are simply the scorecard of a company's marketing program.
Success matrix indicates or traces that the product that has been launched is meeting product goals and user requirements standards.
Success matrix is used to examine the scorecard of the marketing programs, product development, or campaigns. It includes the criteria and factors that are useful for assessing the success of the implemented program.
Therefore, it gives a picture regarding the tracking of the operational performance and marketing strategies of the business.
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