The cash price is the present value of an annuity and therefore it is equal to $5262.79.
The formula of the present value of an annuity is:
PV = C . [1 - (1+i)⁻ⁿ] / i
Where:
C = cash flow per period
i = interest rate per period
n = number of periods
Parameters from the problem:
C = $174. 80
Annual interest is 12%. Since it is compounded monthly, we need to find the monthly interest.
i = monthly interest = 0.12/12 = 0.01
Since the payment is 3 years, then the number of periods is:
n = 12 month x 3 years = 36
Plug these parameters into the present value formula:
PV = 174.8 × [1 - (1.01i)⁻³⁶] / 0.01
PV = 5262.79
Thus, the cash price is $5262.79
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mckeel publishing had outstanding checks totaling $5,450 on its june bank reconciliation. in july, mckeel issued checks totaling $39,400. the july bank statement shows that $27,050 in checks cleared the bank in july. the amount of outstanding checks on mckeel's july bank reconciliation should be:
The amount of the outstanding check on McKee July bank reconciliation should be $17,760
The critical accounting process known as bank reconciliation involves organizations comparing their bank statements with the transactions documented in their general ledger. Companies can prevent any bookkeeping or transactional issues by creating a bank reconciliation statement.
Account reconciliations can be done for either personal or professional purposes and take many different forms. Bank reconciliation, vendor reconciliation, business-specific reconciliation, intercompany reconciliation, and customer reconciliation are the five main categories of account reconciliation.
The amount of outstanding checks on McKee July Bank Reconciliation
Outstanding checks in June Bank Reconciliation $5,460.00
Add: Checks issued during July $39,500.00
Less: Checks cleared in July $27,200.00
Amount of outstanding checks on McKee July Bank Reconciliation $17,760.00.
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in all agency relationships, the authorizes the to provide services or accomplish some task on behalf of the principal and under the principal’s charge.
In all agency relationships, the agent authorizes the to provide services or accomplish some task on behalf of the principal and under the principal’s charge.
In a principal-agent relationship, one entity formally designates another to act on its behalf. When there is a principle-agent connection, the agent represents the principal and shouldn't have any competing interests when performing the act. The law of agency defines rules for a connection known as agency, which is the relationship between the principle and the agent.
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four years ago, lucas invested $500. three years ago, matt invested $600. today, these two investments are each worth $800. assume each account continues to earn its respective rate of return and interest is compounded annually. which one of the following statements is correct concerning these investments?
Based on the interest rate earned by Lucas and Matt, one year ago, Lucas investment was worth less than Matt's investment.
What is the true option?When an investment earns interest that is compounded annually, it means that both the amount invested and the interest that has already been earned increases at an exponential rate once a year.
The formula that would use to determine the interest rate earned on the investment is:
Interest rate =[(FV / PV)^(1 / n)] - 1
Where:
FV = future value PV = present value n = number of yearsLucas's interest rate = [ (800 / 500)^(1/3) ]- 1 = 16.96%
Matt's interest rate = [ (800 / 600)^(1/3) ]- 1 = 10.06%
Value of Matt's investment three years from today = 800 x (1.1006)^3 = $1,066.67
Value of Lucas investment three years from today = 800 x (1.1696)^3 = 1,2799.77
Value of Matt's investment one year ago = 600 x (1.1006)^2 = 726.79
Value of Lucas investment one year ago = 500 x (1.1696)^2 = 683.98
Here are the options:
A) Three years from today, Matt's investment will be worth more than Lucas
B) One year ago, Lucas investment was worth less than Matt's investment.
C) Matt earns a higher rate of return than Lucas
D) Matt has earned an average annual interest rate of 9.86 percent.
E) Lucas has earned an average annual interest rate of 12.64 percent.
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Jordana is buying a laptop computer to take on trips. Although she has looked at several brands, she refuses to buy a computer that weighs more than five pounds. Jordana is basing her decision on.
Since, Jordana is refusing to buy a computer that weighs more than five pounds, she is basing her decision on a Non compensatory decision rule.
When solid performance solely on a single judgmental criterion somehow doesn't offset or compensate for poor performance on some other evaluative set of criteria of the brand, set of rules are considered to be non-compensatory decision rule. Consumers can utilize a variety of non-compensatory decision rules.
Whenever the consumers create lowest acceptable performance requirements that each brand should meet, this approach is used. Any brand will be deemed appropriate if it adheres to or exceeds the basic requirement on any criterion. The decision rules shall then be that of selecting the brand that outshines the remainder by the highest margin on the chosen criterion.
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an investor purchases a newly issued convertible bond at par. the bond is convertible at $25. three years later, the underlying common stock is tradin
A new convertible bond is bought by an investor for par. The bond can be converted for $25. The underlying common stock is trading now, three years later. A $320 long-term capital gain has been realized.
Briefing:-There are various steps in this question. The conversion ratio in shares must be determined first. The share conversion rate of a bond convertible at $25 per share is 40 shares ($1,000 x $25). The parity price is calculated in the subsequent step. What are those 40 shares worth, in other words? 40 shares multiplied by the share price of $33 results in $1,320. That $1,320 is collected when the bondholder sells the bonds at par. A long-term capital gain is the $320 profit over the initial expense of $1,000.Examining the stock's growth is an approach that may be simpler for certain people. It costs $8 more per share than the $25 conversion fee. That is an increase of 32 percent (8 x 25). This brings us back to the $1,320 price since if the bond and stock prices are equal, the bond's price must be 32% higher.
How is the investment value of a convertible bond determined?Investors can utilize the following formula to value convertible bonds: Bond value calculated by adding the independent values of the straight bond and the conversion option.
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1. Which of the following is NOT one of "the four Ps" for a conventional marketing
mix?
A. Place
B. Product
C. Percentage
D. Promotion
Answer:
I think it would be A. Place
Is Technology one of the affecting factors in demand.
Explanation:
Effect of Technology on Demand:
Changes in technology can affect the demand for different products or the demand for related products. It can increase the market for a product by increasing the demand for a new product and making an older product obsolete.
what is the biggest problem with using ranking as a performance measure?multiple choicemost people don’t understand how to do it.it is always very time consuming.it raises questions about fairness due to low validity.it involves customer evaluations, which can be expensive.it tends to be too objective to impact behaviors.
The biggest problem with using ranking as a performance measure is that it raises questions about fairness due to low validity. Option B
This is further explained below.
What is ranking as a performance measure?Generally, Rating systems evaluate an employee's performance in relation to a predetermined benchmark.
The rating is completed by specifying desired goals, abilities, or characteristics besides a scale, which may be 1–5, a 'poor to exceptional' sort of scale.
Input, output, efficiency, quality, and the result are the five particular kinds of metrics that have been discovered, defined, and will be implemented throughout the whole of the Iowa state government.
In conclusion, The most significant issue with using rankings as a method for evaluating performance is that it gives rise to concerns about equity as a result of its poor validity.
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larry has saved $30 per week to buy a new blu-ray player. he compares two different models: a panaview that is priced at $130 and a zony model that is priced at $140. larry decides to purchase the zony blu-ray player for $140. identify what role money plays in each of the following parts of the story. hint: select each role only once. role of money medium of exchange unit of account store of value larry saved $30 per week. larry pays $140 for the blu-ray player. larry can easily determine that the panaview model has a lower price than the zony model.
The panaview model has a lower price than the zony model can be determined as:
1. Unit of account
2. Store of value
3. Medium of exchange
What is a unit of account cost?The standard amount of money used by accountants, economists, and investors to quantify value is known as a unit of account. A unit of account offers a standard point of comparison for communicating value across various items.
Anything that is fungible, countable, and divisible can be employed as a unit of account. A common example of an account unit is money. Aside from currency, other units of account include gold and other precious metals.
A medium of exchange is a device or system that acts as a middleman in transactions involving the exchange of goods between parties. A system must represent a standard of value in order to serve as a medium of exchange. All parties must concur to that norm as well.
1. Unit of account
2. Store of value
3. Medium of exchange
The complete question is:
larry has saved $30 per week to buy a new Blu-Ray player. He compares two different models: a Panaview that is priced at $130 and a Zony model that is priced at $140. larry decides to purchase the Zony Blu-Ray player for $140.Identify what role money plays in each of the following parts of the story.1. larry can easily determine that the Panaview model has a lower price than the Zony model.2. larry saved $30 per week.3. larry pays $140 the Blu-Ray player. Options: Medium of exchange, Unit of account, Store of Value.
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abby has eaten two pieces of cake. her marginal benefit of the next piece is 4 and her marginal cost of the next piece is 1. if abby is going to make an optimal decision, should she eat another piece of cake?
Since marginal benefit of next piece of cake is more than marginal cost, she should definitely eat another piece of cake.
The marginal benefit and marginal cost are two metrics of the way a product's price or value changes. The consumer is impacted by marginal benefit, while the producer is influenced by marginal cost. When producing goods, pricing, and promoting a product, companies must take both ideas.
The highest amount of money a customer is ready to shell out for an added good or service is referred to as the marginal benefit. Satisfaction of customers generally decreases as intake rises. The transition in cost which happens whenever an extra unit of output of a good or service is generated is referred to as the marginal cost.
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stephanie agrees to sell her sailboat to walter and to deliver in two weeks. walter then learns that stephanie is looking for another buyer who will pay a higher price. walter turns to the court to stop stephanie from selling her sailboat to any other party. in this case, walter is seeking .
stephanie agrees to sell her sailboat to walter and to deliver in two weeks. walter then learns that stephanie is looking for another buyer who will pay a higher price. walter turns to the court to stop stephanie from selling her sailboat to any other party. in this case, walter is seeking for injunctive relief.
An injunction is known as a remedy which is granted by the court that prohibits the commission of a wrong threatened and the continuance of any wrongful course of action which has already begun.
If any party fails to comply with an injunction granted by the court, then the party could have to face criminal and civil penalties or it can be contempt of court.
The law of injunctions is covered completely under various Relief Acts and is also implemented in accordance with the Civil Procedure Code. On the precise note, the laws which are pertaining to this provision are including Section 151 and Section 94 of the Code.
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A recent change in indian law allows some foreign retailers to operate in india without partnering with an indian company. This represents a lowering of ________ to international trade.
If Indian law allows some foreign retailers to operate in India without partnering with an Indian company, then this represents a lowering of economic barriers to international trade.
In the field of business, a barrier can be described as a particular hurdle that stops a business to work in a market due to policies of the government or law.
An economic barrier stops foreign companies to operate individually in a foreign market. Many countries allow foreign businesses to work in the country if they partner with the local ones so that the economy of the country can also benefit from it.
In the case above, India is allowing some foreign retailers to work without partnering so that the international trade of the country can be increased. By doing so it is lowering the economic barrier.
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a delivery car had a first cost of $36,000, an annual operating cost of $16,000, and an estimated $7000 salvage value after its 6-year life. due to an economic slowdown, the car will be retained for only 3 years and must be sold now as a used vehicle. at an interest rate of 9% per year, what must the market value of the used vehicle be in order for its aw value to be the same as the aw if it had been kept for its full life cycle?
The salvage value at the end of two years needs to be $111249.790 for the annual values of both periods to be equal.
What is meant by Annual worth?The Annual Worth (AW) approach is frequently employed for contrasting options. AW denotes the conversion of all receipts and payments into a constant, equivalent annual amount after each month. When comparing options with differing life spans, this method has a significant benefit over all the others in that it does not need comparing across the least common multiple (LCM) of years. In other words, only one life cycle is used to determine the AW value of the alternative. Providing all cash flows are the same for each cycle in constant-value dollars if the project is sustained for more than one cycle, the corresponding annual worth for the second cycle and all succeeding cycles will be precisely the same as for the first.First cost of the car = $36,000
Salvage value = $7000
Annual operating cost = $16,000
Interest Rate = 9%
Useful life = 6 years
From the compound interest table, it was obtained that:
(A/P, 9%, 6) = 1.67710
(A/F, 9%, 6) = 0.1434
(A/P, 9%, 3) = 1.29503
(A/F, 9%, 3) = 0.3141
Net Annual worth of the car (if the car was used for the full 6 years)
= AW of the first cost + Annual operating cost + AW of the salvage value
= -$36,000 (A/P, 9%, 6) - $16,000 + s*(A/F, 9%, 6)
= -$36,000 * 1.67710 - $16,000 + s*0.1434 =
-76375.6 + 0.1434s
If the care was used for only 3 years,Let the salvage value at the end of 3 years be 's'Net Aw of the car (if the car was used for 3 years) = AW of the first car + Annual operating cost + AW of the salvage value = -$36,000 (A/P, 9%, 3) - $16,000 + s*(A/F, 9%, 3)
= -$36,000 * 1.29503 - $16,000 + s*0.3141
= -62621.08 +0.3141s = -62621.08 +0.3141*7000 = -60422.38
If the net AW of both the periods is same,
-$60422.38 = -$76375.6 + 0.1434s
⇒ 0.1434 s = $15953.22
⇒ s = $111249.790
The salvage value at the end of two years needs to be $111249.790 for the annual values of both periods to be equal.
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What do limited partners in a
business give up? What do they gain?
Answer:
In return for giving up management power, limited partners get the benefit of protection from personal liability.
Explanation:
when inflation is high… group of answer choices nominal interest rates tend to be high the yield curve is inverted nominal interest rates tend to be low real interest rates are high relative to nominal rates.
When inflation is high, nominal interest rates tend to be high too. So the correct option is (a) 'nominal interest rates tend to be high'.
Inflation refers to an increase in prices over a certain period of time. As inflation increases, so too does the rate of lending/borrowing money before considering inflation - which is known as the nominal interest rate. The nominal interest rate is used in banks to describe interest rates on several types of loans and in the investment field. The nominal interest rates include both the total interest rate and a projected rate of inflation
Nominal interest rates are likely to rise with a high inflation rate because lenders demand higher interest rates as compensation for the decreased purchasing power of the money they are paid in the future.
While the other options are incorrect because:
The yield curve is inverted when long-term interest rates are lower than short-term interest rates, Nominal interest rates tend to be low with a decrease in inflation.When real interest rates are high relative to nominal rates, it is good for lenders but bad for borrowers.You can learn more about nominal interest rates at
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ocieties choose what share of their resources to devote to consumption and what share to devote to investment. some of these decisions involve private spending; others involve government spending. for each form of private spending, indicate whether it represents consumption or investment.
Indicate whether each type of private spending is intended for consumption or investment.
People buying washing machines= ConsumptionFirms buying automobiles for delivery services= InvestmentPeople buying automobiles= ConsumptionFirms buying machines= InvestmentWhy do people consume?Utilizing resources to fulfill present needs and desires is referred to as consumption. In contrast, investing is making purchases in order to generate future income. A key concept in economics, consumption is also explored in many other social sciences.
What does investing mean?An investment is a purchase made with the hope of generating income or capital growth. Appreciation is the term used to describe how an asset's value grows over time. A person invests in a good with the intention of using it to build wealth in the future rather than for current consumption.
What is the name of the first investment?The cash needed to start a new business is known as startup capital. Startup finance may come from the firm owner, come from crowdfunding, or come from a variety of other sources of investment. A business can expand and generate money if it has initial capital.
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I understand that the question you are looking for:
Societies choose what share of their resources to devote to consumption and what share to devote to investment. Some of these decisions involve private spending; others involve government spending.
For each form of private spending, indicate whether it represents consumption or investment.
People buying washing machines.
Firms buying automobiles for delivery services.
People buying automobiles.
Firms buying machines.
The amount of money a borrower owes in addition principal cost of borrowing
The amount of money a borrower owes in addition principal cost of borrowing is called principle.
What exactly is cost of borrowing?The overall sum a debtor pays to obtain a loan and use money is referred to as the cost of borrowing and includes financing costs, account upkeep costs, loan origination costs, and other loan-related expenditures.The sum due and the cost of borrowing money are referred to as interest and principal, respectively. Some people use their entire payday (or more) each week to pay down the interest and principle on their credit card balances, student loans, auto loans, and other consumer obligations.The cost of borrowing money is determined by the interest rate, but because the APR also accounts for additional fees related to getting a loan, notably a mortgage, it provides a more accurate picture of overall borrowing costs.Learn more about cost of borrowing here:
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Good morning/afternoon! How are y'all this morning? Did you eat? drink water? Stay healthy? If you haven't please do! Please take care of yourself! :) Also it might be a nice day for a walk! maybe go outside and get some fresh air! :) bye now!
Answer:
It's night already, Sweet dreams to you.,bye!
irms are the last to hire in times of economic recovery. c. small firms eliminate jobs at a faster rate. d. small businesses do not create enough jobs to influence the economy.\
Small businesses create more jobs and destroy more jobs than large businesses.
The economy and workforce would be a pretty wild landscape to imagine without small businesses. Small businesses not only create more jobs, but they also create careers and opportunities. In comparison to their share of employment, 'small' businesses account for a disproportionately large share of job creation and destruction. Jobs created by small businesses are no less likely to last than jobs created by large businesses. While small businesses create the most total jobs, their high failure rate prevents them from being the largest net producers.
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how much oil does the us produce per day
Answer:
about 18.662 million barrels per day
Explanation:
3) reflecting on the case and videos, what are the opportunities and challenges facing cineplanet? what is cineplanet’s motivation for redesigning the experience at its theaters?
Cineplanet is a movie-film-based entertainment company that provides specialization in the mechanism of cinema and film exhibitions.
Cineplanet was facing a lot of challenges and problems recently that majorly including rising customer satisfaction and consumers asking for something new and innovative that results in something else than their previous experiences.
The cine-planet's motivation to redesign the customer experience is based on some goals.
Providing new and better services to middle-income group people.To persuade different strategies to keep Cineplanet one step ahead of its competitors.To look through the inward exploratory strategies as compared to outward strategies.For more questions like Cineplanet visit the link below:
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klm corporation's quick assets are $6,010,000, its current assets are $12,660,000 and its current liabilities are $8,076,000. its acid-test ratio equals:
Its acid-test ratio equals 0.74
What is acid test ratio ?The acid-test ratio contrasts a company's current obligations with its "quick assets" (cash and accounts receivable). One of the six fundamental computations used to assess a company's short-term liquidity—or its capacity to pay its payments as they become due—is this one.
The term "acid-test ratio" refers to the practise of historically testing metals for gold using acid. A metal was considered to be real gold if acid was put to it and it did not corrode. But if the metal didn't pass the test, it was regarded as worthless.If a company's acid-test ratio is 2, it means that its liquid assets are worth twice as much as its current liabilities. Liquid assets would be $200,000 if current obligations were $100,000 and the acid-test ratio was 2.Learn more about Acid test ratio here:
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Select all the steps needed to create a maintenance schedule.
The steps that are needed to create a maintenance schedule includes:
Take an inventory of the equipment.Review the manufacturers' manuals.List maintenance tasks.Establish frequency of tasks.Identify individuals to perform the maintenance.Develop a reminder system.Obtain test equipment if necessaryDocument or log maintenance that has been performed.What is a maintenance schedule?Basically, a maintenance schedule is also known as a planned maintenance. It means any maintenance activity that is planned, documented and scheduled for with the aim of reducing a downtime by having all necessary resources on hand such as labour, parts, strategy to using the resource etc.
Missing options " Identify individuals to perform the maintenance. Document or log maintenance that has been performed. Take an inventory of the equipment. Obtain test equipment if necessary. Define maintenance tasks. Review the manufacturers' manuals. Establish frequency of tasks. Run the defragmentation utility. Develop a reminder system."
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the adjusting entry to record the revenue earned by the seller fulfilling its obligation results in a(n) to the deferred revenue account. (enter one word per blank.)
The adjusting entry to record the revenue earned by the seller fulfilling its obligation results in a decrease to the deferred revenue account.
What is the entry for deferred revenue?Deferred revenue refers to money that is received in advance for the products or services that are going to be performed or sell in the future.
A deferred revenue journal entry is a financial transaction that is primarily made to record the income already received for a product or service that has yet to be delivered.
Basically, the common examples of the deferred revenue are the rent payments received in advance or annual subscription payments received at the beginning of the year.
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b) Now that you've created an invoice, how did you arrive at your final total? (2
points)
Answer:
black guy in the learners permit to build
when elizabeth is representing management side and is dealing with union representatives and labor agreements and settling terms of employees contracts and salary increases, elizabeth is engaging in the role of a
Because Elizabeth is representing management side and is dealing with union representatives and settling terms of employees contracts and labor agreements and salary increases, Elizabeth is engaging in the role of a negotiator.
A negotiator can be defined as a person who either comes to an agreement with someone else, or one who helps other people reach such an agreement. Negotiators are needed if two people cannot face each other. Negotiator also needed when two businesses merge, so negotiator is used to work out the details of the plan.
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american major appliance manufacturers have recently adopted a strategy that calls for better quality in their products. one method of implementing this strategy at the operations level is through .
Given that American major appliance manufacturers have recently adopted a strategy that calls for better quality in their products. One method of implementing this strategy at the operations level is through "quality circles" (Option D)
What is a quality circle?A quality circle, also known as a quality control circle, is a group of workers that perform the same or comparable tasks and meet on a regular basis to discover, evaluate, and solve work-related problems. It has a minimum of three and a maximum of twelve members.
The main goals of a quality circle are:
i) to efficiently develop, enhance, and utilize the organization's people resources;
(ii) to increase product/service quality, productivity, and lower production costs per unit of output, and
(iii) to fulfill the employees' psychological well-being.
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Full Question:
American major appliance manufacturers have recently adopted a strategy that calls for better quality in their products. One method of implementing this strategy at the operations level is through
a. innovation circles.
b. a Gantt chart.
c. PERT.
d. quality circles.
e. another layer of resourceful managers.
the finance instructor is providing instructions to tad and his classmates on how to complete the semester's final assignment. what role is tad playing in this communication process?
Tad is acting as "Sender" in this communication process.
Who in a communication process is a sender?
The sender is the individual, team, or entity who initiates communication. The success of the message was initially attributed to this source. The sender's actions have an impact on the communication. viewpoints, culture, knowledge, competence, and experiences.
What qualities characterize successful communication?
A skilled communicator has the ability to be adaptable, attentive, responsive, and calm, which are his or her four defining traits. Overall, people view you as dependable and approachable.
Therefore, it is accurate to say that Tad's position in this communication process is that of "Sender" because the finance instructor is giving directions to Tad and his classmates on how to accomplish the semester's final assignment.
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fill in the blank question. a company borrows $60,000 from a bank to purchase equipment. it signs an 8% note requiring six annual payments of principal plus interest. this is an example of a(n) note.
This is an example of an installment note. Installment loans have the benefits of flexible terms and cheaper interest rates.
What is installment note?A type of promissory note known as an installment note requires the payment of interest and principal in fixed amounts at predetermined intervals. By periodically lowering the principal, the loan is amortized.The borrower must pay back the entire note amount at a predetermined period under a lump sum note or balloon loan, though. A payment schedule is absent.Installment notes stand out from other types of debt because they must be repaid throughout the course of the term in regular, recurring payments.The borrower makes a partial principal repayment and loan interest payment with each installment. Installment loans include, but are not limited to, vehicle loans, home loans, personal loans, and student loans.Learn more about installment note here:
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on march 12, fret company sold merchandise in the amount of $7,800 to babson company, with credit terms of 2/10, n/30. the cost of the items sold is $4,500. fret uses the perpetual inventory system and the gross method of accounting for sales. on march 15, babson returns some of the merchandise. the selling price of the merchandise is $600, and the cost of the merchandise returned is $350. babson pays the invoice on march 20 and takes the appropriate discount. the journal entry that fret makes on march 20 is:
As the buyer paid the amount within the discount period. so the total amount paid by the buyer is, Discount = $ 156.
What is amount?
Amount or quantity is a property that really can occur as a multitude as well as magnitude, demonstrating discontinuity and continuity. Quantities can be compared by using the terms "more," "less," or "equal," or by assigning a numerical multiple of a measurement unit. Quantitative properties include mass, time, distance, heat, and angle, to name a few. Quantity, along with reliability, substance, start changing, and relation, is one of the fundamental classes of things. Some quantities have an inner nature (as numbers), whereas others function as states (properties, measurements, attributes) of things like heavy and light, long and brief, broad and narrow, small and excellent, or much and little.
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