Answers
Answer:
the number of years for triple the money is 15.74 years
Explanation:
The computation of the number of years for triple the money is shown below:
Here we used the NPER which is
Given that
RATE = 7% ÷ 12 = 0.58333%
Assuming
Present value be $1,000
And, future value be $1,000 × 3 = $3,000
PMT = $0
The formula is shown below:
= NPER(RATE;PMT;-PV;FV;TYPE)
The present value comes in positive
After applying the above formula
The number of years is
= 188.8833850497 ÷ 12
= 15.74 years
hence, the number of years for triple the money is 15.74 years
Related Questions
following types of businesses are devoted to carrying out marketing activities
Answers
Answer:
i think lawyers
Explanation:
Explain the difference between fixed and variable costs and give two examples of each. Can a company budget for variable costs? Explain
Answers
Answer:
Fixed cost in an organization does not change and is fixed while the variable cost keep changing if the production is increased.
Explanation:
Fixed cost are said to be that cost which does not change with production level for a certain limit. Let us suppose there is no change in the rent amount if we have only factory for the production of goods.
But the variable cost are those cost which increases as production increases. More will be the variable cost when the production will be more. Also for per unit basis, the variable cost remains the same.
Fixed cost are not important in decision making if there is an excess of capacity available.
For example,
Direct labor, direct material -- variable cost
Salary of supervisor, rent of factory -- fixed cost
Even though there is not much change in the variable cost, like for suppose material price increases, a company can still make a budget that is based on the past experience and predicting the market prices. Similarly, if there is a machine that uses three units of direct material for a piece if finished product, which is not going to change in the future. Thus the company can make a budget.
Hedge Fun is a landscaping firm that specializes in topiary. It contracts with the owners of 125 local homes and provides its service at an annual fee of $1,300. Its average variable cost is $800, and its annual fixed cost is $28,000. What is the break-even level of output? a. 125 b. 87 c. 63 d. 56 e. none of the above
Answers
Answer:
Break even in units = 56 units
Option d is the correct answer
Explanation:
Break even in units is the number of units that a business must sale in order for it to have enough total revenues to cover total cost. It is a point where total revenue is equal to total cost and the firm earns no profit or no loss. The formula to calculate break even in units is as follows,
Break even in units = Fixed Cost / (Selling price per unit - Variable cost per unit)
Break even in units = 28000 / (1300 - 800)
Break even in units = 56 units
A 7.05 percent coupon bond with 25 years left to maturity can be called in eight years. The call premium is one year of coupon payments. It is offered for sale at $1,075.85. What is the yield to call of the bond? (Assume interest payments are semiannual.)
Answers
Answer:
Yield to call is 5.88% annually
Explanation:
The rate of return bondholders receives on a callable bond until the call date is called Yield to call.
Yield to Call = [ C + ( F - P ) / n ] / [ (F + P ) / 2 ]
It is assumed that face value of Bond is $1,000
C = Coupon Payment = $1,000 x 7.05% x 6/12 = $35.25
F = Face value = $1,000
P = Call price = $1,075.85
n -= number of periods to call = 8 x 2 = 16 periods
Yield to Call = [ $35.25 + ( $1,000 - $1075.85 ) / 16 ] / [ ( $1,000 + $1075.85 ) / 2 ]
Yield to Call = [ $35.25 - 4.74 ] / $1,037.925
Yield to Call = $30.51 / $1,037.925
Yield to Call = 0.0294
Yield to Call = 2.94% semiannually
YTC = 2.94% x 12/6 = 5.88% annually
When members of minority cultures feel that they have to behave in ways similar to the majority culture, this is called __________. a) biculturalism b) symbolic leadershipc) the glass ceiling effectd) inclusivity
Answers
Answer:
a) biculturalism
Explanation:
Biculturalism refers to one culture in which the combinations of two cultures are added it could be in the same country. The two cultures must be different to make them one
Therefore in the given situation when the minority members feel that they have to behave in the same way as the majority culture so this we called as a biculturalism
Therefore the correct option is a.
Compute and interpret the contribution margin ratio using the following data: sales, $5,000; total variable cost, $3,000.Interpret what these result mean using a sentence.
Answers
Answer:
0.4 or 40%
Explanation:
The formula for Contribution Margin Ratio is:
[TS - TVC] / TS
Where TS = Total Sales
TVC = Total Variable Cost
Applying the formula,
[5,000 - 3,000] / 5,000 = 2000/5000 = 0.4
Turning this value to a percentage, 0.4 × 100 = 40%
The interpretation of this is that for every item sold, 40% of the sales price is available to cover fixed costs.
Remember: The addition of fixed cost to variable cost = total cost
When Southwest Airlines sends an e-mail to frequent-flier customers offering a special low price between selected cities if the plane ticket is purchased within the next four days,this is an example of:__________.A) direct marketing.B) integration.C) publicity.D) indirect-response promotion.E) mass selling.
Answers
Answer: A) direct marketing.
Explanation:
Direct marketing derives its name from the direct nature of communication it uses to communicate with customers. This means that in direct marketing, the entity advertising talks to the targets directly instead of having to go through a third party of sorts.
Southwest Airlines advertised its special offer to the intended targets directly via their email which makes this a direct marketing example.
Assume that the weekly payroll of Hunter Hardware, Inc., is $1,000. The end of the year, December 31, falls on Tuesday. Hunter Hardware will pay its employees on Friday for the full week. What adjusting entry will Hunter Hardware make on Tuesday, December 31? (Use five days as a full workweek.)Date Accounts and Explanations Debit CreditA. Salaries Expense 400 Salaries Payable 400B. Salaries Payable 400 Salaries Expense 400C. Salaries Expense 600 Cash 600D. Salaries Expense 600 Salaries Payable 600
Answers
Answer:
A. Dr Salaries Expense 400
Cr Salaries Payable 400
Explanation:
The adjusting Journal entry that Hunter Hardware make on Tuesday, December 31 will be: Dr Salaries Expense 400
Cr Salaries Payable 400
Calculated as:
First step is to calculate the Accrued salary
Using this formula
Accrued salary=Weekly payroll / 5 days*Number of days for which salary were not paid
Let plug in the formula
Accrued salary = $1,000/5 days*2days
Accrued salary= $200 x 2 days
Accrued salary= $400
Therefore the adjusting Journal entry that Hunter Hardware make on Tuesday, December 31 will be to Debit Salaries Expense 400 and
Credit Salaries Payable 400
Tara purchased a machine for $40,000 to be used in her business. The cost recovery allowed and allowable for the three years the machine was used are as follows:
Cost Recovery Allowed Cost Recovery Allowable
Year 1 $16,000 $ 8,000
Year 2 9,600 12,800
Year 3 5,760 7,680
If Tara sells the machine after three years for $15,000, how much gain should she recognize?
Answers
Answer:
The answer is "$11,480".
Explanation:
Calculate the benefit as illustrated below:
Recovery of costs approved Recovery costs approved
Year-1 $16,000 $8,000
Year-2 $9,600 $12,800
Year-3 $5,760 $7,680
Total cost $40,000
Making a reference to: Cause great costs allowed or permitted
Year-1 $16,000
Year-2 $12,800
Year-3 $7,680 $36,480
Adjusted basis $3,520
Formula:
Recognized Gain = Residual value - Adjusted basis
[tex]= \$ \ 15,000 - \$ \ 3,520 \\\\ = \$ \ 11,480[/tex]
Suppose a week after you get this report from your research department, you hear on the news that Colombia and Vietnam are going to increase money supply to stimulate their economy while the United States is keeping its money supply stable, you would expect that:_______
a. Both projections will be the same since the US is keeping their money supply fixed
b. the 3 month projections for the peso would be smaller while that of the dong will be larger
c. the 3 month projections for the peso would be larger while that of the dong will be smaller
d. the 3 month projections for the peso and dong will be smaller
e. the 3 month projections for the peso and dong will be larger
Answers
Answer:
e. the 3 month projections for the peso and dong will be larger
Explanation:
this question is about a company that imports coffee from Colombia and Vietnam (along with 3 other countries). The report stated an estimation of the future value of the Colombian peso and Vietnamese dong. But that report is outdated and irrelevant now. Since the central banks of Colombia and Vietnam decide to increase their money supply, while the US money supply remains stable, that will result in a higher depreciation of the peso and dong. I.e. their currencies will be cheaper against the US dollar, so the estimations made before are incorrect now. The previous estimates were:
Vietnam
23,205.35 Dongs per dollar - Today 23,025.00 Dongs per dollar - 3 month projection
Colombia
3,163.75 pesos per dollar - Today 3,001.25 pesos per dollar - 3 month projection
Since the currencies will depreciate more against the US dollar, both estimates must increase, e.g. probably in 3 months $1 will be worth 24,000 dongs or 3,200 pesos.
In which type of analysis are corporate goals and plans compared with the existing manpower inventory to determine the training needs?
a. Organization analysis
b. Operation analysis
c. Individual analysis
d. None of the above
Answers
a. Organization analysis
The shoe department accounts for 2,700 square feet in a store and achieved sales per square foot of $800. Calculate the total sales for the shoe department.
Answers
Answer:
$2,160,000
Explanation:
if the sales per square foot are $800 and the area covered by the shoe department is 2,700 square feet, then total sales = $800 x 2,700 = $2,160,000
Sales per square foot are an important tool when measuring sales performance of brick and mortar stores, especially those located in malls. The malls with the highest sales per square foot are also expensive or premium malls, e.g. Bal Harbour in Miami Beach sells on average $3,185 per square foot.
Webster Corporation is preparing a master budget for the first quarter. The company budgets production of 2,960 units in January, 2,740 units in February and 3,440 units in March. Each unit requires 0.5 hours of direct labor. The direct labor rate is $13 per hour. Compute the budgeted direct labor cost for the first quarter budget.
Answers
Answer:
$59,410
Explanation:
With regards to the above information, we need to calculate first, total number of units for first quarter of the year.
Total number of units for first quarter of the year = 2,960 + 2,740 + 3,440
= 9,140
But, each unit requires 0.5 hours of direct labor.
It therefore means that;
1 unit need ----- 0.5 hours of direct labor
9,140 ----- ?
= (9,140 × 0.5) / 1
= 4,570 hours.
Finally, we will multiply the total hours by the payment per hour, or direct labor rate; which is $13 per hour.
= 4,570 × $13
= $59,410
Therefore, the budgeted direct labor cost for the first quarter of the year is $59,410
Symbols such as Traveler's Financial Services umbrella are designed to help customers over come the _____ of services.
Answers
Answer:
D) intangibility
Explanation:
Intangibility is a term that means it is not seen or even not touched. It only feels. Like in the case of intellectual properties like goodwill, copyrights, patents, etc we cant see them we only work on it.
So here in the given situation, the symbols like umbrella of traveler financial services would be designed for helping the customers so that it would be overcome the services intangibility
Therefore the correct option is D.
Juan paid $1,750 in qualifying expenses for his daughter who attended a community college.How much is Juan's lifetime learning credit without regard to AGI limitations or other credits?
A) $825.
B) $250.
C) $1,750.
D) $350.
Answers
Answer: $350
Explanation:
From the question, we are informed that Juan paid $1,750 in qualifying expenses for his daughter who attended a community college.
The amount of Juan lifetime learning credit without regard to AGI limitations or other credits will be calculated as:
= $1750 × 20%
= $1750 × 20/100
= $1750 × 1/5
= $350
Daniel acquires a 30 percent interest in the PPZ Partnership from Paolo, an existing partner, for $46,000 of cash. The PPZ Partnership has borrowed $17,000 of recourse liabilities as of the date Daniel bought the interest. What is Daniel's basis in his partnership interest?
Answers
Answer:
$51,100
Explanation:
Given:
Acquire interest = 30%
cash amount = $46,000
Borrowed amount = $17,000
Find:
Basis in partnership interest
Computation:
Basis in partnership interest = $46,000 + ($17,000 x 30%)
Basis in partnership interest = $51,100
A large life insurance company has decided to switch from using a strong fear appeal to a humorous approach. What are the strengths and weaknesses of such a change in message strategy?
Answers
Answer:
Explanation:
A fear approach is meant to scare people and make them aware that they are only human and that bad things can happen. This would push them towards buying the insurance package. A humorous approach would focus more and a funny message of why it is important. This change would be targetting the same audience but with a completely opposite message which may not reach people the same way, especially if those individuals do not like the humor aspect of it and are not longer scared from the previous fear strategy that the company would have had.
During the year, the following selected transactions affecting stockholders' equity occurred for Navajo Corporation:
a. Feb. 1 Repurchased 220 shares of the company's own common stock at $22 cash per share.
b. Jul. 15 Sold 120 of the shares purchased on February 1 for $23 cash per share.
c. Sept. 1 Sold 90 of the shares purchased on February 1 for $21 cash per share.
Required:
Prepare the journal entry required for each of the above transactions.
Answers
Answer and Explanation:
The journal entries are shown below:
a. Treasury Stock Dr $4,840 (220 shares × $22)
To Cash $4,840
(Being repurchase stock for cash is recorded)
b Cash $2,760 (120 shares × $23)
To Treasury Stock $2,640 (120 shares × $22)
To Additional Paid in capital $120
(Being the sale of the shares are recorded)
c Cash $1,890 (90 shares × $21)
Additional Paid in capital $90
To Treasury Stock $1,980 (90 shares × $22)
(Being the sale of the shares are recorded)
Utopia has a national debt. If they have a budget deficit this year, and continue to operate with budget deficits year after year, what will happen to their national debt?A. Their national debt will decrease.
B. Their national debt will increase.
C. Their national debt will remain the same.
D. They will now have a budget surplus.
Answers
Answer: B. Their national debt will increase.
Explanation:
A country has a budget deficit when it spends more than it receives from its revenue sources i.e taxes.
If a country has a budget deficit, it will have to borrow money in order to pay for this shortfall so that it may be able to carry out the expenditure it is supposed to.
If therefore, a country keeps operating in deficit, it will have to keep borrowing to keep spending which means that the national debt will keep increasing.
On May 1, Anders Company purchased merchandise in the amount of $5,800 from Shilling, with credit terms of 2/10, n/30. Anders uses the perpetual inventory system and the gross method. The journal entry or entries that Anders will make on May 1 is:________.Purchases 5800Accounts payable 5800
Answers
Answer:
Explained
Explanation:
On May 1, Anders Company will record the purchased merchandise in the amount of $5,800 from Shilling by debiting the inventory and crediting the accounts payable.
DEBIT CREDIT
Purchases (inventory) $5,800
Accounts Payable $5,800
At the end of the year a company has a $1,200 debit balance in Manufacturing Overhead. If this amount is considered immaterial, the company will:________. a) make an adjusting entry by debiting Manufacturing Overhead Applied for SI,200 and crediting Manufacturing Overhead for $1,200. b) make an adjusting entry by debiting Cost of Goods Sold for $1,200 and crediting Manufacturing Overhead for $1,200. c) make no adjusting entry because differences between actual overhead and the amount applied are a normal part of job costing and will average out next year. d) make an adjusting entry by debiting Manufacturing Overhead Expense for $1,200 and crediting Manufacturing Overhead for $1,200.
Answers
Answer:
c) make no adjusting entry because differences between actual overhead and the amount applied are a normal part of job costing and will average out next year.
Explanation:
Remember, in accounting, a financial transaction is often considered immaterial when it is deemed insignificant or not useful to the accounting process.
Hence, based on this understanding, the $1,200 debit balance is considered immaterial by the company because differences between actual overhead and the amount applied are a normal part of job costing and will average out next year.
Your email marketing service shuts you down if your spam reports exceed 3%. You are doing a mailing to 900 people. What is the maximum number of spam reports you can get without being shut down?
Answers
Answer:27
Explanation:900 times 3%=27
27 is the maximum number of spam reports you can get without being shut down. Calculation: 900 times 3%=27
What is a spam report?The act of categorizing electronic messages as abusive for reporting to an authority so that they can be handled with is known as spam reporting, which is more appropriately referred to as abuse reporting. Email messages, blog comments, and other types of spam are all examples of reported messages. Users can mark the postings of other users as having abusive material by filing abuse complaints.
Most websites that permit user-generated content either implement a range of user roles that enable users to jointly manage the site's contents or apply some moderation based on abuse complaints, such as concealing or removing the problematic content at a set threshold. By alerting hash-sharing systems to abusive message, the most difficult problems can be resolved.
Learn more about spam reporting here:
https://brainly.com/question/25418257
#SPJ6
Over a particular period, an asset had an average return of 5.6 percent and a standard deviation of 9.1 percent. What range of returns would you expect to see 68 percent of the time for this asset? (A negative answer should be indicated by a minus sign. Input your answers from lowest to highest to receive credit for your answers. Do not round intermediate calculations and enter your answers as a percent rounded to 2 decimal places, e.g., 32.16.)
Answers
Answer:
Expected range of returns = -3.50% to 14.70%
Explanation:
As per the properties of bell curve, 68% of the data is within one standard deviation.
Expected range of returns = Mean - Standard deviation to Mean - Standard deviation
Expected range of returns = 5.6% - 9.1% to 5.6% + 9.1%
Expected range of returns = -3.50% to 14.70%
John Albertson purchases a plot of land for $15,000 exactly 3 years ago. If the land has appreciated 12% each year, what is its value now?1. $20,400.
2. $16,800.
3. $21,074.
4. $45,000.
5. $25,200.
Answers
Answer:
3. $21,074.
Explanation:
The computation of the value now is shown below:
As we know that
Future value = Present value × (1 + rate of interest)^number of years
= $15000 × (1 + 0.12)^3
= $15,000 × 1.40493
= $21,073.95
= $21,074
Hence, the value now is $21,074
Therefore the correct option is 3.
We simply applied the above formula so that the correct value could come
And, the same is to be considered
Determine if these statements are true or false.
a. The Federal Reserve chooses how much banks lend.
b. The Federal Reserve serves as a lender of last resort.
c. The Federal Reserve loans money to banks.
d. The Federal Reserve sets a target for the federal funds rate.
e. The federal funds rate matters only to banks.
Answers
Answer:
a. The Federal Reserve chooses how much banks lend. FALSE.
Banks get the choose how much they lend out to people but the Fed can limit their loanable funds by imposing a required reserve. When it comes to the individual amounts the bank can loan out however, the Fed has no control.
b. The Federal Reserve serves as a lender of last resort. TRUE.
As the Central Bank system of the United States, the Fed acts as a lender of last resort for banks.
c. The Federal Reserve loans money to banks. TRUE.
The Fed can loan out money to banks and it does so at the Discount rate.
d. The Federal Reserve sets a target for the federal funds rate. TRUE
One of the duties of the Fed is to set a target for the Federal funds rate which is the rate that banks use to borrow money amongst themselves overnight.
e. The federal funds rate matters only to banks. FALSE.
The federal funds rate affect the entire financial system because it can affect the cost of borrowing which can either increase the amounts people borrow or decrease it.
Many U.S. firms have sought relief from foreign competition by demanding protectionism policies by the U.S. government. A better way for companies to compete is to expand into foreign markets and:______.A) Lower prices.
B) Increase promotion both at home and abroad.
C) Continuously improve their products at home.
D) Join into cartels at home.
Answers
Answer: C) Continuously improve their products at home.
Explanation:
Protectionism policies like tariffs and import quotas have the effect of reducing free trade which erodes consumer welfare as well as hurting trade so should be avoided if better options exist.
One of those is for a company to increase its market base instead of relying on protection from the government. If they can expand into foreign market, they will have a larger market in which to trade their goods and increase profitability.
Another way is to improve their products at home. Better products would attract more customers to their products and increase profitability.
Alex manages a grocery store in a country experiencing a high rate of inflation. He is paid in cash twice per month. On payday, he immediately goes out and buys all the goods he will need over the next two weeks in order to prevent the money in his wallet from losing value. What he can't spend, he converts into a more stable foreign currency for a steep fee. This is an example of the:____of inflation.a. menu cost.b. shoe-leather costs.c. unit-of-account costs.
Answers
Answer: b. shoe-leather costs
Explanation:
This is the shoe-leather cost inflation. It refers to the time and effort expended by people to ensure that they are able to avoid their cash losing too much value to inflation. Includes for instance, going to the bank multiple times because you are holding little cash on hand so it does not lose value.
It is named shoe-leather costs as a play on words because it is assumed that the time and effort put will result in walking around alot and degrading the quality of your shoes.
Mr. and Mrs. B file a joint income tax return. Mr. B owns and operates a grocery store that had a net income of $15,000 in 2020. Mrs. B is a self-employed physical therapist, and her net income was $42,900. What is the total amount of self-employment tax Mr. and Mrs. B must report on their joint return for 2020
Answers
Answer:
total self-employment tax = ($15,000 + $42,900) x 15.3% = $8,858.70
half of the self-employment taxes (SECA taxes) paid are deductible from your adjusted gross income, i.e. you must pay your SECA taxes, but 50% of what you pay is tax deductible because they are considered the employer's part of your taxes.
A July sales forecast projects that 9,000 units are going to be sold at a price of $11.00 per unit. Management forecasts 2% growth in sales each month. Total August sales are anticipated to be:_______
a. $76,950.
b. $71,250.
c. $68,400.
d. $67,500.
e. $74,100.
Answers
Answer:
the expected august sales is $100,980
Explanation:
The computation of the expected august sale is shown below:
July Sales (9,000 units × $11 per unit) $99,000
Add: Growth ($99,000 × 2%) $1,980
Total August Sales $100,980
This is the answer but the same is not provided in the given options
Hence, the expected august sales is $100,980
The same is to be considered
Stock A is expected to return 14 percent in a normal economy and lose 21 percent in a recession. Stock B is expected to return 11 percent in a normal economy and 5 percent in a recession. The probability of the economy being normal is 75 percent with a 25 percent probability of a recession. What is the covariance of these two securities?a) 0.007006b) 0.006563c) 0.005180d) 0.007309e) 0.006274
Answers
Answer:
The correct option is b) 0.006563.
Explanation:
Note: See the attached excel file for the calculation of the covariance between stocks A and B.
Covariance refers to a metric that measures the relationship between two random variables by showing the degree to which the two variables change together.
A positive covariance means that two variables move in the same direction, while a negative covariance indicates that the two variables tend to move in the opposite directions.
In the attached excel file, the following are used:
RA = Rate of Return of Stock A
RB = Rate of Return of Stock B
P = Probability
ERA = Expected return of Stock A = RA * P
ERB = Expected return of Stock B = RB * P
DA = Deviation of Stock A = RA - Sum of ERA
DB = Deviation of Stock B = RB - Sum of ERB
N = Number of observation = 2
Therefore, Covariance of Stock A and B is calculated using the covariance formula as follows:
Covariance of Stock A and B = Sum of (DA * DB) / N = 1.3125% / 2 = 0.6563%, or 0.006563
Therefore, the covariance of these two securities is 0.006563. This shows that the correct option is b) 0.006563.