Answer:
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Explanation:
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hi
find the accumulated amount at the end of 9 months on an $800 deposit in a bank paying simple interest at a rate of 6% per year.
As per the given figure, after calculating the accumulated amount, the figure that has been arrived is $1,232.
What is the accumulated amount?
Accumulated value or accumulated amount, both are synonyms. It is used to refer to the cash value. Basically, this means there is an easy way of calculating the accumulated value.
All one has to do is to find the total or the sum of the initial investment and, in that addition, the interest which has been earned till date will be added. Formula for calculating the simple interest is
Accumulated amount =Principal amount (1+rate * time)
Here Principal amount = $800, rate= 0.06, time=9 months
Accumulated amount = 800 (1+(0.06*9) = 800 (1+ 0.54 ) = $1,232.
Thus, the accumulated amount for the given data is $1,232.
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the two principal policy tools that the federal government uses to manage economic conditions are monetary policy and fiscal policy. is used to control the size of the money supply to stimulate or moderate business activity levels in the economy. in contrast, uses government spending and taxation to do the same.
Monetary policy is used to control the size of the money supply to stimulate or moderate business activity levels in the economy. in contrast, fiscal policy uses government spending and taxation to do the same.
What is monetary and fiscal policy?Fiscal policy are the steps taken by the government to change the business levels in the economy. The tools of fiscal policy are taxes and government spending. Fiscal policy can be expansionary or contractionary.
Expansionary fiscal policy is when the government increases the money supply in the economy either by increasing spending or cutting taxes. Contractionary fiscal policies is when the government reduces the money supply in the economy either by reducing spending or increasing taxes
Monetary policy are policies taken by the central bank of a country to shift aggregate demand. The tools of monetary policy are open market operations, reserve requirement and discount rate.
Expansionary monetary policy are polices taken in order to increase money supply. Contractionary monetary policy are policies taken to reduce money supply.
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a loan with lower payments in the early years that increase gradually until they are sufficient to amortize the loan fully is a(n) mortgage.
A loan with lower payments in the early years that increase gradually until they are sufficient to amortize the loan fully is a graduated payment mortgage.
A graduated payment mortgage or GPM is a type of fixed rate mortgage for which the payments do increase gradually from an initial low base level to a higher final level.
The purpose of a Graduated payment mortgage is to allow different homeowners to start off with lower monthly mortgage payments in order to help certain people to qualify for their loans.
Generally, the payments will grow between 7% to 12% annually from the initial base payment amount till the time of full monthly payment amount is reached.
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cecilia wants to buy a new car in 5 years at which time she expects the car to cost $9,475. the rate of interest at her bank is expected to remain constant at 8% per year throughout the next five years. her mom has promised to give her $2,500 in two years which she can put in the bank to help pay for the car. assuming she saves the same amount from her salary each year how much does she have to save at the end of each year to have enough money in five years to buy the car? please round to the nearest whole number.
Cecilia needs to save $1,078 each year to buy the car.
In order for Cecilia to have enough money to pay for her car, the present value of the cost of the car must equal the present value of what her mom is going to give her plus the present value of her annual savings. This means:
= 9475/(1+0.08)^5
= 2500/(1+0.08)^2 + S(1/.08 -1/(0.08(1+0.08)^5)
S = 1078
Note: the S is the same as the C in your annuity formula. I used S to denote savings.
Therefore, Cecilia needs to save $1,078 each year for the next 5 years in order to meet her objectives.
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on january 3, 2021, madison corp. purchased 30% of the voting common stock of huntsville co., paying $3,000,000. madison decided to use the equity method to account for this investment. at the time of the investment, huntsville’s total stockholders’ equity was $8,000,000. madison gathered the following information about huntsville’s assets and liabilities:
The amount of goodwill associated with the investment is: C. $336,000.
Amount of goodwillFirst step is to calculate the Identifiable Excess Paid
Buildings=$600,000 − $400,000 = $200,000
Equipment=$1,400,000 − $1,200,000 = $200,000
Franchises =$480,000 − 0 = $480,000
Identifiable Excess Paid=($200,000 + $200,000 + $480,0000)×30%
Identifiable Excess Paid= $880,000 × 30%
Identifiable Excess Paid = $264,000
Second step is to calculate the book value
Book value=$8,000,000 × 30%
Book value= $2,400,000
Third step is to calculate the goodwill
Good will=$3,000,0000-$2,400,000-$264,000
Goodwill=$336,000
Therefore the amount of goodwill associated with the investment is: C. $336,000.
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The complete question is:
On January 3, 2021, Madison Corp. purchased 30% of the voting common stock of Huntsville Co., paying $3,000,000. Madison decided to use the equity method to account for this investment. At the time of the investment, Huntsville's total stockholders' equity was $8,000,000. Madison gathered the following information about Huntsville's assets and liabilities:
Book Value Fair Value Buildings (10-year life)$400,000 $600,000 Equipment (5-year life) 1,200,000 1,400,000 Franchises (8-year life)$0 $480,000
For all other assets and liabilities, book value and fair value were equal. Any excess of cost over fair value was attributed to goodwill, which has not been impaired.
What is the amount of goodwill associated with the investment?
A. $264,000.
B. $600,000.
C. $336,000.
D. $480,000.
E. $0.
a room finish schedule identifies the materials required in each room of the building. this kind of schedule would be found in the
This kind of schedule would be found in the Architectural prints. A technical representation of a building that falls under the scope of architecture is known as an architectural drawing or architect's drawing. Architects and others use architectural drawings for a variety of purposes, including developing a design idea into a coherent proposal, communicating ideas and concepts.
Convincing clients schedule of the merits of a design, assisting a building contractor to construct it based on design intent, as a record of the design and planned development, or making a record of an existing building. Architectural building drawings follow a set of rules that include specific views floor plan, section, etc.
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On september 1, jerry co. Sold $2,000 of services for cash. On september 10, jerry co. Sold $5,000 of services on account. On september 20, jerry co. Collected $3,500 from accounts receivable. Calculate the ending balance in the cash account for september assuming no beginning balance.
On September 1, Jerry Co. sold $2,000 of services for cash.
On September 10, Jerry Co. sold $5,000 of services on account. On
September 20, Jerry Co. collected $3,500 from accounts receivable.
Calculate the ending balance in the Cash account for September
assuming no beginning balance. Answer $5,500
What is accounts receivable ?The asset account known as accounts receivable on the balance sheet represents money that will be owing to a business in the near future.
Accounts receivable are created when a business allows a customer to pay for its goods or services on credit.
Accounts payable tracks money that is owing as opposed to money that will be collected, just like accounts receivable does.
The strength of an organization's accounts receivable can be assessed using the ratio of accounts receivable to sales outstanding or days sales outstanding.
A turnover ratio analysis could be carried out to ascertain when the AR will actually be received.
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two years ago, margo deposited $500 into a savings account. one year ago, she deposited an additional $300, and today she deposited $800. which one of these is the correct formula for computing the value of these deposits today at a rate of 4 percent?
According to the given statement all the option is correct:
A. PV2 = 5500/1.042) + ($300/1.04) + $800
B. FV2 = (S500x 104) ($3001.04) $800
C. FV2 = ($500 x 1.04) + ($300 x1.04) + ($800 x 1.04)
D. FV2 = ($500 x 104)+ $300 $800/1.04
PV ( presents value ):A future amount of money or stream of cash flows' present value, or PV, is their current value at a given rate of return. Using a discount rate or the interest that could be earned through investment, present value calculates the future value.
According to the given information:Margo deposited $500
she deposited an additional $300
today she deposited $800
We know that :
PV ( presents value ) = p * r * t.
p = principal ( $500, $300, $800 )
r = rate = 4%
t = duration (time) ( 2years, 1 year and present ).
putting the value we get:
=( $500* 2 * 0.04 ) + ( $300 * 1 * 0.04 ) + $800
= $40 + $12 + $800
= $852
PV = $500 + $300 + $852
= $1,652.
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Two years ago, Margo deposited $500 into a savings account. One year ago, she deposited an additional $300, and today she deposited $800. Which one of these is these is the correct formula for computing the value of these deposits today at a rate of 4 percent?
A. PV2 = 5500/1.042) + ($300/1.04) + $800
B. FV2 = (S500x 104) ($3001.04) $800
C. FV2 = ($500 x 1.04) + ($300 x1.04) + ($800 x 1.04)
D. FV2 = ($500 x 104)+ $300 $800/1.04
in 2022, denise has two children who are qualifying persons for the child and dependent care credit, ethan and jeffrey. ethan has $9,000 in dependent care expenses, and jeffrey has none. assuming all other tests are met, what amount of expenses is the credit based on? $3,000 $6,000 $8,000 $9,000
Denise has two children, Ethan and Jeffrey, who are eligible for the child and dependent care credit in 2022. Unlike Jeffrey, Ethan has dependent care costs of $9,000. If all other requirements are satisfied, up to $8,000 in expenses may be credited.
Families can get help paying for childcare expenses spent while working or looking for work thanks to a federal tax benefit known as the Child and Dependent Care Credit. Families who must pay for the upkeep of an adult dependent or a disabled spouse may also qualify for the credit.
The child and dependent care credit assist you in covering the costs of any dependents who meet the requirements (aka "qualifying persons").
How much of a credit you are entitled to based on your income and a share of the expenses you incur for the care of a qualifying individual while you work or hunt for a job?
Along with childcare expenses, you can write off the cost of day camps, before and after-school activities, and babysitting.
The American Rescue Plan Act of 2021 made the credit far more substantial and it might even be refundable.
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veronica, the marketing manager of qrs children's furniture, is designing a new label for the company's line of highchairs. the two key aspects of the label that she is working on are the assembly instructions and the simple usage instructions. these are examples of the requirements of labeling.
Veronica, the marketing manager of QRS Children's Furniture, is designing a new label for her line of highchairs. The two key aspects of the label that she is working on are the assembly instructions and the simple usage instructions. These are examples of the consumer requirements of labeling.
Who are consumers?A consumer is a person or a group that wants to order, orders, or utilizes purchased items, products, or services primarily for personal, social, family, household, and comparable purposes that are not directly tied to entrepreneurial or company activity.
A consumer in an economy typically purchases goods or services for personal use rather than for resale or for business objectives. Consumers purchase goods or services for a certain sum of money (or an equivalent) (use up).
Thus, consumers are an essential component of any economy and play a crucial role in the economic system of a capitalist system. Without consumer demand, one of the primary driving forces behind production—the desire to sell to consumers—would not exist. One end of the supply chain is also the consumer.
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A hedge fund purchased credit default swaps on securities it did not own because it believed that the securities were likely to default. In this example, the hedge fund is.
A hedge fund purchased credit default swaps on securities it did not own because it believed that the securities were likely to default. In this example, the hedge fund is speculating.
What is a hedge fund?It should be noted that the hedge fund simply means a pooled investment fund which trades in liquid assets. This is usually managed by the professional fund managers.
Therefore, a hedge fund purchased credit default swaps on securities it did not own because it believed that the securities were likely to default. In this example, the hedge fund is speculating.
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When a firm is deciding the ethics of outsourcing jobs to other members of the supply chain, what element of the marketing mix is being affected?.
When a firm is deciding on the ethics of outsourcing jobs to other members of the supply chain, the element of the marketing mix is being affected as the marketers should adhere to the AMA Code of Ethics for approaching every marketing.
The purpose of the Conduct of AMA Code is to define the behavioral standard which is expected in all interactions which take place in the AMA community and will be describing how those violations which are reported should be handled.
The American Marketing Association expects all of its employees, volunteers, sponsors, partners, as well as all others who are engaged with the AMA to practice upholding a commitment to the highest standards existing in ethical conduct. The AMA is fairly committed to, inclusion, transparency, and an environment that is under healthy working, which is being viewed as a foundation of the brand of AMA.
The Ethics statement addresses the position of AMA on the ethical standards which could be observed by marketers while practicing marketing techniques which is a part of their profession. This mainly includes research standards so as to apply to marketing purposes. The Behavior Expectations is outlining certain norms for those interactions that take place within an AMA community.
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in preparing a cash flows from operating activities using the indirect method, an increase in accounts receivable would be (added/subtracted) to (from) net income
While preparing cash flows from operating activities (CFO), the increase in accounts receivable will be subtracted from net income.
The amount of money a company earns from ongoing, regular business activities such as manufacturing and selling goods or providing a service to customers is referred to as cash flow from operating activities (CFO). It is the first section shown on a cash flow statement. Long-term capital expenditures, as well as investment revenue and expense, are not included in cash flow from operating activities. CFO is also known as operating cash flow (OCF) or net cash from operating activities, and focuses solely on the core business.
Cash flow is one of the most important aspects of business operations because it represents the total amount of money transferred into and out of a company. It is significant for a variety of reasons because it affects the company's liquidity. It enables business owners and operators to see where their money is coming from and going, it assists them in taking steps to generate and maintain sufficient cash for operational efficiency and other necessary needs, and it assists them in making key and efficient financing decisions.
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jacob's physical toy store relies on offline metrics such as store visits and in-store sales. he has heard that there are specialized campaign types that can help him meet these kinds of goals.
jacob's physical toy store relies on offline metrics such as store visits and in-store sales. he has heard that there are specialized campaign types that can help him meet these kinds of goals is Local here.
Whether you are nine years antique or ninety years old, toy shops by no means get antiques. sure, you have visible all the same old dolls and LEGO kits in every department store in your town, but you may never grow out of actual toy shops. the most famous toy shop in the global is Hamleys in London. The most famous toy store in the united states of America is FAO Schwarz.
If your baby has the sort of love or you yourself occur to fall into the children of every age category with regards to locomotives, you would possibly need to make your manner to the metropolis of Malden, Massachusetts, outdoor of Boston. this is wherein the most important toy to teach save inside America is positioned. The stick can be the world's oldest toy. Animals play with sticks, and we use them to play fetch with our dogs.
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great green wall receives over $14 billion to regreen the sahel - france, world bank listed among donors\
Great green wall receives over $14 billion to regreen the Sahel - France, world bank listed among donors. Bonn/Paris, January 11, 2021
A bank is a monetary organization that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending sports may be immediately carried out by using the financial institution or not directly via capital markets.
A bank is a financial group that is certified to simply accept checking and financial savings deposits and make loans. Banks also offer associated services consisting of character retirement bills (IRAs), certificates of deposit (CDs), forex, and secure deposit packing containers.
business banks provide diverse offerings like amassing cheques, payments of trade, remitting cash from one vicinity to some other location, etc.
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What stories does marketing tell?
Storytelling advertising way the usage of a narrative to talk a message. The intention is to make the viewer sense something enough that it’ll inspire them to take action. Storytelling in advertising allows purchasers to understand why they need to care approximately something, and it really works to humanize your brand. if you want to analyze greater about messaging, view our logo message templates.
Storytelling in marketing isn't always restricted to film stories can be instructed in pics, verbally, or in written shape. and that they may be informed throughout all channels from social media to billboards. testimonies can help entrepreneurs acquire reduce-via in a market that’s by way of design distracting, growing advertising and marketing that resonates with humans and sticks.
if your emblem can create a powerful narrative, you’ll be able to seize your target audience’s interest for longer periods of time, make an extra memorable effect, and improve logo loyalty.
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the financial meltdown of 2008 was in part due to , demonstrating the dangers of relying too heavily on the quantitative techniques of scientific management.
The financial meltdown of 2008 was in part due to quants demonstrating the dangers of relying too heavily on the quantitative techniques of scientific management.
How did the financial meltdown of 2008 happen?
There were several reasons for the financial meltdown that the United States saw in 2008 and one of them was the overreliance on Quants.
Quants were quantitative models that were used to decide on the financial assets to invest in. They failed to predict the risks associated with Mortgage Backed Securities and this contributed in part to the meltdown.
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How does the adjustment for depreciation differ from other deferral adjustments?.
Depreciation adjustments use a contra asset account instead of directly reducing asset accounts.
As a result, depreciation adjustment differs from those other deferral adjustments that do not employ a contra account.
For depreciation, an independent provision is made, that is shown on the liabilities side, and the value of asset is lowered by the quantity of depreciation provision formed.
Depreciation is a more complicated adjustment. Depreciation expands the price of non-current assets over their useful lives, resulting in a charge against profit on the profit or loss statement.
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suppose units are sold but only of them are deluxe. compute the operating income. compute the breakeven point in units. compare your answer with the answer to requirement 1. what is the major lesson of this problem?
Point of breakeven in units: = 22,500 units
Why is it important to know what a break-even point is?The point at which a business's total revenue equals its total expenses is known as the breakeven point. This translates to net zero just at the breakeven point, which means there is no profit.
According to the given information:Standard Deluxe Total
Units sold 225,000 25,000
Sales mix 9 1
Contribution margin per unit $10 $20
Weighted average
contribution margin per unit $90 $20 $110
Standard Deluxe Total
Units sold 225,000 25,000
Revenues $5,625,000 $1,125,000
(225,000*$25) (25,000*$45) $6,750,000
Variable costs 3,375,000 625,000
(225,000*$15) (25,000*$25) 4,000,000
Contribution margin 2,250,000 500,000 2,750,000
Fixed costs 2,475,000
Operating income $275,000
Point of breakeven in units: $2,475,000 / $110 = 22,500 units
Breakeven point in units is higher in requirement 1 than in requirement 3 due to standard's 9-fold higher sales mix in requirement 3 compared to standard's 4-fold higher sales mix in requirement 1.
Due to the lower per unit contribution margin for standard than deluxe, requirement 3's operating income was lower than requirement 1's.
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during september, sally's hair salon purchased $900 of supplies on account. in october, sally's wants to make a payment of $200 on this bill. record the october transaction into sally's accounting equation by: (check all that apply.)
The impact of the payment of $200 bill is as shown below:
Decreasing Account Payable, $200
Decreasing Cash, $200
What does purchase on account mean?
Purchase on account means Sally's hair salon purchased the supplies on credit with a promise to pay later on, in essence, the purchase would increase assets, inventory and increase accounts payable since credit purchase results in a liability
Also, when making payment of $200 on the bill, the cash balance of the Sally's hair salon would decrease by $200 and also its accounts payable would also go down by the same amount.
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are financial intermediaries that participate directly in securities markets, buying and selling stocks and bonds for their own account. a. securities dealers b. accredited investors c. credit unions d. securities brokers
Securities brokers are financial intermediaries that participate directly in securities markets, buying and selling stocks and bonds for their own account. The security market is a subset of the larger financial market in which securities can be bought and sold between economic subjects based on demand and supply.
Security markets include stock markets, bond markets, and derivatives markets where prices can be determined and professional and nonprofessional participants can meet. There are two types of securities markets: primary markets, where new securities are issued, and secondary markets, where existing assets can be bought and sold. Secondary markets are further subdivided into organized exchanges.
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the process of comparing outputs to previously established standards to determine if corrective action is needed is called
When we compare outputs to previously established standards so that we can determine if there is a need for corrective action, this is called Controlling.
What is controlling?Controlling is a process in business where the company looks at outputs and compares them to the standards that they had previously established for the purpose of evaluating output.
The importance of this is to determine if there is a need to take corrective action to ensure that those outputs meet the established standards.
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the marketing mix, often known as the four ps of marketing, represent areas that a firm can adjust to influence demand for its goods, services, or ideas. if a firm wanted to adjust the cost of a service by 2 percent to stay competitive, on which of the four ps would it be focusing?
if a firm want to adjust the cost of a service by 2% to stay competitive, such firm will be focusing on the Price in marketing mix.
What is a marketing mix?In marketing, these mix refers to those elements of a business's marketing that are designed to meet the needs of its customers.
The four elements of marketing mix are often called 4 'Ps' and includes:
priceproductpromotionplace.In conclusion, the firm will be focusing on the Price in marketing mix if a firm want to adjust the cost of a service by 2% to stay competitive,
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Kiara is a hostess at a fine French restaurant. She helps people make reservations and escorts them to their table when they arrive. The Hospitality and Tourism pathway that Kiara works in is:
A.
Lodging.
B.
Travel and Tourism.
C.
Recreation, Amusements, and Attractions.
D.
Restaurant and Food/Beverage Services.
Kiara is a hostess at a fine French restaurant. The Hospitality and Tourism pathway that Kiara works in is restaurant and Food/Beverage Services. Thus, option (d) is correct.
What is restaurant?
The term restaurant refers to space as the location of the people are the order of the food to as choice. A restaurant is provided the services to the customer. People are to exchange the services with the help of the money. Customer are to see the menu and the order to the food.
Kiara works as a waitress in a high-end French restaurant. When customers arrived, she helped them make reservations and took them to their tables. She was the restaurant's and food and beverage services' services.
As a result, the Kiara works in is restaurant and Food/Beverage Services. Therefore, option (d) is correct.
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nici knows that her employer expects her to take a bigger role in the company now that she has been promoted to assistant manager. he hasn't said anything to her directly, but her advancement tells her that's what she must do. this demonstrates the idea of
Nici knows that her employer expects her to take a bigger role in the company now that she has been promoted to assistant manager. He hasn't said anything to her directly, but her advancement tells her that's what she must do. This demonstrates the idea of a psychological contract.
The time period 'psychological contract' refers to people' expectancies, ideals, pursuits and obligations, as perceived by the agency and the worker. The concept emerged in the early Nineteen Sixties and is centered to information the employment relationship.
Their lifestyles will evolve and what they need from their enterprise will evolve with it. As instance, many young personnel often price opportunities for an increase over and above activity safety.
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the differences in no-trade prices across countries create an opportunity for international trade between them. specifically, the country with the
The differences in no-trade prices across countries create an opportunity for international trade between them. specifically, the country with the higher relative no-trade price for a good, for example, cloth, can gain by importing cloth.
International trade is the change of capital, goods, and offerings throughout global borders or territories due to the fact there's a want or need of products or offerings. In maximum countries, such alternate represents a giant proportion of the gross home product.
international trade, financial transactions which are made among countries. Among the gadgets generally traded are client goods, including tv units and clothing; capital goods, including machinery; and uncooked substances and food.
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According to etzioni’s three types of formal organizations, which organization type has a shared affinity when looking at the feeling of connectedness?.
According to Etzioni’s three types of formal organizations, Normative organization type has a shared affinity when looking at the feeling of connectedness.
Systems that rely on normative power have a control structure that is based on promoting common values that members adhere to. These values are intentionally created and upheld by the organization, and they are all portrayed in different signs and symbols that can be either verbal, visual, behavioral, or intellectual, or any combination of the four. Having a strong commitment to an organization's ideology gives you influence and sway. Members adopt the values of the organization. The organization's members act cohesively and with a strong dedication to its objectives.
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bob's bakery receives its utility bill of $800 for the month and pays it immediately. record this transaction in the accounting equation. multiple choice question. increase cash and increase accounts payable. increase expenses and increase cash. increase accounts payable and increase expenses. increase expenses and decrease cash.
Based on the fact that Bob's bakery received a utility bill and paid it immediately, the effect is increase expenses and decrease cash.
How does utility payment affect the accounting equation?Utility payments are expenses and when they are incurred, they go to the expense account to show that the expenses the company incurred have increased.
If the expense is paid off immediately, then the cash account will have to be credited to show that it is reducing on account of being used to pay the utilities.
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ge sells its large appliances directly to home and apartment builders but uses retail stores like lowe's to sell to consumers, in a strategy known as .
GE sells its large product directly to home and apartment builders but uses retail stores like Lowe's to sell to consumers, in a strategy known as indirect channel. Companies obtain a major competitive advantage through indirect distribution.
They gain access to a larger consumer base without having to worry about getting the buyer through the door. This gives them more time to focus on their product, their customer base, and broadening their target consumer group. You would be using a direct sales channel if you went to a Nike store or the Nike website to buy a pair of their sneakers.
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operations consist of the ongoing work needed to ensure that an aorganization continues to function effectively
Operations consist of the ongoing work needed to ensure that an organization continues to function effectively, is a true statement.
What is operations in business?Operations refers to the management of your organization's internal procedures to guarantee optimal effectiveness. Regardless of whether you make stuff, sell products, or provide services, every small business owner must oversee the organizing and management of backroom labour.
A project manager must be concerned with delivering the intended scope and quality, subject to time and money constraints often referred to as performance.
Thus, it is a true statement.
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