The equal annual deposit which you must deposit each year for 13 years to have $69,000 in your savings account is $3362.48
How to find the amount that must be deposited each year?Future value (FV) refers to the estimated value of a current asset at an expected date based on an assumed rate of growth.
Annual deposits refers to the amount of money kept in a place at a particular time for safekeeping to be used at a future date.
FV = future value = $69,000i = interest rate = 7.30% = 0.073n = number of years = 13 yearsA = annual deposit.Solve using the formula;
FV = [A × {(1 + i)^n - 1}] / i
Making A the subject of formulaA = (FV × i) / [A × {(1 + i)^n - 1}]
A = (69,000 × 0.073) / {(1 + 0.073)^13} - 1
= 5,037 / {(1.073)^13} - 1
= 5,037 / 2.499 - 1
= 5,037 / 1.499
= $3362.48
In conclusion, the annual deposit which you must deposit each year is $3362.48
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The four functions of management Multiple Choice provide a decision-making framework in order to select new strategies. provide a framework for designing innovative products. are generally considered to be outdated by current management trends. are a step-by-step process that needs to be followed. are not a step-by-step process, but rather these functions occur simultaneously in order to operate an organization.
The four functions of management are : D. a step-by-step process that needs to be followed.
What is management?Management can be defined as the process of effectively managing the day to day operation of a business so as to achieve smoothy running .
The four managemet functions are esssentials orm important for any company or organization that want to succeed based on the fact that this function enables companies to operate smootly.
The four management functions are:
PlanningOrganizingLeadingControllingThis implies that managers needs to plan, organize, lead and control their daily business operation and this management functions should be follow step by step so as to acheive a desire result.
Planning is important for any business that want to succeed as lack of planning can have a negative effect on the growth of a company.
Therefore the correct option is D.
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If the first two statements below are true, is the third statement true?
A) Mr. Brown's rabbits are grey.
B) All grey creatures are kind.
C) Mr. Brown's rabbits are unkind.
Answer: No, it's not true.
Explanation: It is so because it's already mentioned that all grey creatures are kind and Mr. Brown's rabbits are kind. Moreover rabbits will be in the set of all creatures. Hence, rabbits are kind.
what is a start up cost
Answer:
Explanation:
Startup costs are the expenses incurred during the process of creating a new business.
Pre-opening startup costs include a business plan, research expenses, borrowing costs, and expenses for technology.
Post-opening startup costs include advertising, promotion, and employee expenses.
Different types of business structures—like sole proprietorships, partnerships, and corporations—have different startup costs, so be aware of the different costs associated with your new business.
Writing and face-to-face conversations are two of the most common what of communication? Question 13 options: contexts codes codes modes
Writing and face-to-face conversations are two of the most common styles of communication
This is further explained below.
What is communication?Generally, People who have a communication style that is more direct seek information that is unambiguous and can be put into action without any fluff.
They want everyone else to get straight to the point as fast as they can, and they want to do the same themselves.
People that communicate with others in this manner are often thought of as being forceful or assertive in the way that they interact with other people.
Direct communicators accept the words of the other speaker at face value; they do not examine the message to see whether or not there is an underlying meaning.
They anticipate and accept honesty and frankness from others, and they place a high value on succinct replies that get to the point quickly.
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You have been assigned to determine whether more people prefer Coke or Pepsi. Assume that roughly half the population prefers Coke and half prefers Pepsi. How large a sample do you need to take to ensure that you can estimate, with 90% confidence, the proportion of people preferring Coke to within 5% of the actual value? Show all of your work.
Around 364.8 large a sample you need to ensure that you can estimate, with 90% confidence, that the proportion of people preferring Coke to within 5% of the actual value.
Let P = 0.5 be the percent of people who choose coke to pepsi
E = Margin of error = 0.05
The confidence level(ɑ) = 1 - 0.90 = 0.1
[tex]z_{c}[/tex] = 1.91
Calculate n by using following formula,
[tex]n = \frac{P (1-P)*z_{c^{2} } }{E^{2} }[/tex]
[tex]n= \frac{0.5 * (1-0.5)*1.91^{2} }{0.05^{2} }[/tex]
[tex]=\frac{0.9120}{0.0025}[/tex]
[tex]=364.8[/tex]
Hence, a 364.8 large sample you need in order to ensure that you can estimate with 90% confidence, that the proportion of people who prefer Coke to within 5% of the actual value.
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An experience that would be listed in the “Other Experience” category would include _____.
a.
military service
b.
awards earned
c.
leadership opportunities
d.
all of the above
Answer:
c
Explanation:
I think it is all true but I will choose c
Answer:
c. leadership opportunities
Explanation: hope this helps
Describe what an add-on or extension can offer users explain which, if any, extensions you might consider using. describe what your chosen extension(s) can do for you. highlight your browser of choice and why you think you suits you best you can choose more than one, but if so, explain why you’re opting for multiple browsers
Answer:
A plug-in, which can also be called an add-on or an extension, is third-party software that adds new functions to a host program on a computer, without altering the host program. Basically, they allow you to add new components to a host program or extend its capabilities beyond its original design.
In a transaction for the sale of a warehouse, Standard Storage Company tells Tri-County Investment Corporation that the office furniture is included. The contract says nothing about office furniture, but does state, “This document supersedes all oral promises relating to the sale.” Is the furniture part of the sale? Why or why not?
No, the furniture is not the part of sale contract. A contract for the sale of things is one in which the seller sells the buyer the property in the products in exchange for payment.
Between two co-owners, there can be a contract of sale. A selling agreement may be either unconditional or conditional. For instance, Party A consents to sell Party B wheat crops seller. As long as Party B pays the agreed amount, he is permitted to chop the crops and take them. This is a legitimate contract of sale because wheat harvests are regarded as goods. Except for currency and assertible claims, every type of transportable property is a good.
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help please, no rush
Emotions drives the decision-making process for most purchases made by consumers.
A patron is someone or a group who intends to order, or uses purchased items, products, or offerings usually for personal, social, circle of relatives, household and similar wishes, who is not directly associated with entrepreneurial or commercial enterprise activities. A purchaser is the one who purchases the product for his/her personal want and makes use of or consumes it. A client can't resell the good, services or products but can consume it to earn his/her livelihood and self-employment. Definition of customer. The purchaser is the one who's the cease-consumer of any goods or offerings. Clients constitute the higher trophic tiers. Not like producers, they can not make their very own meals.
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A software company in Barbados is organizing a competition, inviting business ideas that promote the use of smartphone technology to conduct business. You enter your business plan, an initiative to involve unemployed teenagers and young adults from local communities to generate business and employment, and it was so well received that you were awarded a special prize of 50,000 Barbados dollars. You plan on using your prize money to implement your idea.
REQUIRED
a. Identify key decisions you need to make, the information you require to make these key decisions, and the five major business processes you need to engage in. (5 marks)
b. Identify the external parties with whom you would need to exchange information and specify the information you will receive from these parties and the information that you will send to these parties. (5 marks)
The following are some important choices you will need to make in order to put into action the concept of job creation for youths and young adults in their local communities who are currently without work:
Develop a strategy for your company.Find the youngsters and young adults that are now without jobs.Create a spending plan that includes the €5,000 and any other sources of funding you may have.Consult with a financial manager for assistance.Get the company off the ground.You will need to communicate and share information with the following outside parties:
The manager of financial affairsYour partner(s), in the event that you work with wholesalers and retailers.What exactly constitutes a business plan?This refers to the document that a corporation creates that details the aims that the organization has for itself.
A company's aims and the methods by which it intends to attain those goals are laid out in great detail in the document known as the business plan.
A written road map for the company, including its marketing, financial, and operational strategies, is presented in the form of a business plan. Business plans are useful for both newly founded businesses and more established ones.
As a result, we can see that some of the most important choices that need to be made in order to put into action the concept of employment creation for jobless teens and young adults from the areas in which they live are presented above.
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Which of the following is the best example of clear and concise writing for a résumé?
a.
explored every avenue
b.
last but not least
c.
at this point in time
d.
finally
Every avenue is the correct choice to find the best example of concise and clear writing for a resume. A. is the answer.
To list their qualifications for a position, job applicants must create a formal document called a resume. A personalized cover letter on a resume expresses interest in a particular position or business and draws attention to the resume's most crucial details.
Even today, the purpose of a resume is still to give employers a summary of your relevant qualifications; the spelling of resume is French and means "summary."Contrary to popular belief.
Every avenue is the correct choice to find the best example of concise and clear writing for a resume. There are several different formats, and each one is used to highlight the section of the resume.
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Which of the following is the best example of clear and concise writing for a résumé?
D.) Finally
Poverty is often described as lacking the financial
resources-money and ability to earn money-to meet a minimum
in a society
When an individual or community lacks the means of subsistence, they are said to be in a state or situation of poverty. Families and individuals living in poverty may lack access to adequate housing, clean water, wholesome food, and medical care.
Both an individual issue and a larger communal issue, poverty is both. Lack of resources necessary for basic survival or to achieve a specific minimal level of living standards is a social condition known as poverty. One of the main factors contributing to poverty in the Pacific is the region's high unemployment rates.
In the Pacific, poverty is an unavoidable natural phenomena that is brought on by a variety of circumstances, including as unemployment, gender inequity, climate change, and health problems.
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The price of company stocks already trading on the stock market are determined by supply
and demand.
True
False
Answer: true
Explanation:
People invest in the stock market because:
A. The time value of money states that money available now is
worth more than the same amount of money later because of
its potential to grow.
B. Investing in companies through the stock market offers a
chance to share in the profits of those companies.
C. Investing in the stock market generally offers a higher return
than interest earned on a savings account.
D. All of the above
Answer: A
Explanation:
One type of voluntary payroll deduction is for:
A. FICA
B. a health savings account
C. Federal withholding
D. State withholding
Answer: a health saving account
Explanation:
Answer: B. a health savings account.
Explanation: Voluntary payroll deductions are amounts of money that employees choose to have deducted from their paychecks for specific purposes. One type of voluntary payroll deduction is for a health savings account (HSA) which is a type of savings account that allows individuals to save money on a pre-tax basis to pay for qualified medical expenses including doctor copays and medication. The money deposited into an HSA is not subject to federal income taxes, social security taxes, or Medicare taxes. This allows employees to save money on healthcare expenses while also reducing their taxable income.
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I hope it is apparent to people in class that I really love skiing! Because skis cost a lot on money, it must mean that skiing is one of the most popular forms of leisure in the United States. true or false
True
Explanation:
Skis cost alot of money and skiing IS one of the most popular forms of leisure in the United States
Does the rule of 70 predict greater increases in the amount of income for poorer countries when both rich and poor countries have the same growth rate?
Yes, the rule of 70 states that when two countries grow at the same rate, the poorer country will have larger increases in income each year.
No, the rule of 70 states that the amount of time it will take a country’s income to double is dependent on its population growth rate, not on its initial level of income.
No, according to the rule of 70, if the growth rate of income is the same in the two countries, then the number of years it will take each country’s income to double is the same.
No, according to the rule of 70, if the growth rate of income is the same in the two countries, then the increase in income will be the same.
No, the rule of 70 states that the amount of time it will take a country’s income to double is dependent on its population growth rate, not on its initial level of income.
In general, the rule of 70 refers to a technique for calculating the number of years it would take for a specific variable to double. It is calculated by dividing 70 by the variable's growth rate.
The rule of 70 is frequently used in economics to calculate the number of years it would take a country's income or gross domestic product (GDP) growth to double. As a result, it can be stated as follows:
Number of years required for income to double = 70 Income growth rate or GDP
As can be seen from the preceding, the rule of 70 does not take into account the initial level of income or GDP.
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2.4.1 Project.pdf - 2.4.1 Project: Creating a Product.
For a project to create a new product to be effective, it is essential that the organization identifies and aligns the characteristics of the product with consumer needs.
What are the steps of creating a product?There are a number of needs for the commercialization of a new product, the first stage of the development of a new product being the planning and concept of the product, followed by the definition of the product and a study that will demonstrate the feasibility in the conception and launch in the market.
The product project must contain the entire development course of action, such as research, schedule, tests, prototypes, approvals and all the necessary course of action for the product to be launched as planned.
Therefore, in order to create a new product, it is essential that the company find a specific niche and meet its particularities and needs discovered through market research, aligning the product and characteristics with potential consumers and their desires.
This is an incomplete question, whose missing statement is as follows:
Think about the type of business you want to create. Will this business offer mainlygood, services, or a combination of both? Here is a list of ideas to get you started:
Restaurant or catering companyCompany that sells specialty goods, such as sporting goods or electronic devices.Service-oriented company, such as dog-walking, web design or tutoring.Find out more about product development on:
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19. How many of the following balance sheet items are classified as current?
Retained earnings
Accounts payable
Plant and equipment
Inventory
Common stock
Bonds payable
Accrued wages payable
Accounts receivable
Preferred stock
A. 3 of these items are classified as current
B. 4 of these items are classified as current
C. 5 of these items are classified as current
D. 6 of these items are classified as current
The four of these items are classified as current Inventory, Account receivable, account payable and account wages payable.
What is current assets and liabilities?current assets-1.Inventory
2. Debtor's accounts
The resources that a company owns and can turn into cash during the current accounting period are referred to as current assets. Current assets are used to pay off current liabilities, which has an impact on the entity's liquidity.
Current liabilities-1. Payables account
2. Payable account wages
The short-term debts a company owes to other organizations that are expected to be repaid during the current accounting period are known as current liabilities.
While bonds payable are non-current liabilities, plant and equipment are non-current assets. Equity includes the retained earnings, common stock, and preferred stock.
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Help please I dont get it
Tariffs imposed to importing clothes to protect domestic manufacturers of clothing.
What are the major economic social goals in the USA?All economic systems aim to accomplish a number of overarching social objectives, such as economic effectiveness, equity, freedom, growth, security, and stability. The quality of life for all its residents is influenced by how these goals are prioritized and how well an economy performs in achieving them.The goal of the Federal Reserve is to support a robust American economy. To be more precise, the Fed is in charge of implementing the country's monetary policy in order to achieve the objectives of maximum employment, price stability, and moderate long-term interest rates. Economic stability is the most crucial economic objective. This is so that other macroeconomic goals can be attained, which is made possible by economic stability. Prices may fluctuate if the economy is not stable; this may lead to inflation or deflation, which will affect the currency effect.To more learn about economic social goals in USA refers to:
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Annual starting salaries for college graduates with degrees in business administration are generally expected to be between 30,000 and 40,000. Assume that a 95% confidence interval estimate of the population mean annual starting salary is desired. a. What is the planning value for the population standard deviation? b. How large a sample should be taken if the desired margin of error is 400? Round your answers to next whole number.
270?
80 ?
c. Would you recommend trying to obtain the 80 margin of error? Explain.
The planning value for the population standard deviation is 2500 dollars. The size of the samples that have to be taken are:
1503293752No I would not recommend trying to obtain the margin of error of 80 because of its size.
How to solve for the standard deviationThe value for population standard deviation is,
s = maximum - minimum / 4
= 40000 - 30000 / 4
= 10000 / 4
= 2500
The planning value is $2500
confidence level = 95%
the z score from the standard normal table is 1.96
For the margin of error of 400
= (1.96 x 2500 / 400)²
= 12.25²
= 150
At 270
we have
(1.96 x 2500 / 270)²
= 18.15²
= 329
At 80
(1.96 x 2500 / 80)²
= 61.25²
= 3752
c. No I would not recommend the 80 dollar margin of error due to the fact that it is too large and there would be great sampling error due to this fact.
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Please anwser asappp
While preparing a bank reconciliation, an accountant notices a check that has
been returned unpaid. This type of transaction should be_________
O A. subtracted from the bank balance
O B. added to the book balance
OC. added to the bank balance
OD. subtracted from the book balance
Answer: A. subtracted from the book balance.
When preparing a bank reconciliation and noticing a check that has been returned unpaid, the transaction should be subtracted from the book balance.
What use does reconciling your financial accounts serve?Bank reconciliations are a vital internal control tool for fraud prevention and detection. They also aid in spotting accounting and banking issues by outlining the differences between the cash balances in the accounting record and the bank balance position as stated in the bank statement.
What are the three ways to reconcile a bank account?The three approaches to a bank reconciliation are:
Statement comparison.balancing the scales.the reconciliation's recording.To know more about bank reconciliation visit:
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If Pertino Inc. has a debt ratio of 40 percent, it means that for every $1 in _____, the firm has 40 cents in _____.
If Pertino Inc. has a debt ratio of 40 percent, it means that for every $1 in asset , the firm has 40 cents in debt.
What is the debt ratio?The debt ratio is an example of a solvency ratio. Solvency ratios use information that has been provided in the balance sheet to measure and determine the amount of debt capital relative to equity capital.
The debt ratio is the ratio of total debt to total asset. It is determined by dividing total debt by total asset. The higher debt ratio is, the higher the financial risk and the weaker the solvency of the company is. If the debt ratio of a company is higher relative to those of contemporary firms, it is a negative indicator.
Debt ratio = total debt / total asset
0.4 = 0.4 / 1
This means that debt has a value of 0.4 and asset has a value of 1.
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2. The owner of Felt-Tip Pens David Wilson is contemplating adding a new line of Felt-Tip pens, which will require leasing new equipment for a monthly payment of $6,000. Variable costs would be $2 per pen, and pens would retail for $7 each. a. Find the break-even quantity if pens sell for $7 each . (2 points ) b. What would be profit (loss ) be if 1,000 pens are made and sold in a month ? (2 c. How many pens must be sold to realize a profit of $ 4,000 ? (3 points )
The owner of Felt-Tip Pens David Wilson is contemplating adding a new line of Felt-Tip pens, The solution for the three problems are
B.E = 1200 pens There is a loss of one thousand dollars.To make a profit of $4,000, it is necessary to sell 2,000 pens.This is further explained below.
What would the profit be if 1,000 pens are made and sold in a month?Generally, the equation for the Break-even point is mathematically given as
[tex]BE= \frac{FC/}{(SP - VC)}[/tex]
Therefore
[tex]BE= \frac{6000}{(7-2)}[/tex]
B.E = 1200 pens
b)
Generally, the equation for the Profit is mathematically given as
[tex]P = Q * (SP - VC) - FC[/tex]
P= 1000 × (7 - 2) - 6000
P = - 1000
As a result, there is a loss of one thousand dollars.
c)
Considering
[tex]P = Q * (SP - VC) - FC[/tex]
[tex]4000 = Q * (7 - 2) - 6000[/tex]
Q = 2000 pens
To make a profit of $4,000, it is necessary to sell 2,000 pens.
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King Costume uses a periodic inventory system. The company started the month with 10 masks in its beginning inventory that cost $11 each. During the month, King Costume purchased 59 additional masks for $13 each. At the end of the month, King counted its inventory and found that 7 masks remained unsold. Using the LIFO method, its cost of goods sold for the month is:
Using the LIFO method, King Costume's cost of goods sold for the month is $800.
What is the LIFO method?The Last-in, First-out (LIFO) method is an inventory costing assumption that bases the physical flow of goods sold from the latest production or purchases instead of the first in the store.
The cost of goods sold is the difference between the cost of goods available for sale and the ending inventory for the period.
Description Units Unit Cost Total Cost
Beginning Inventory 10 $11 $110
Purchases 59 $13 $767
Total 69 $877
Ending inventory 7
Units sold 62 (69 - 7)
Ending inventory = $77 (7 x $11)
Cost of goods sold = Cost of goods available for sale - Ending Inventory
= $800 ($877 - $77)
Thus, the ending inventory represents 7 units from the beginning inventory, while the cost of goods sold units are 3 units from the beginning inventory and 59 from the recent purchases, valued at $800.
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Service revenues does not include $52000 of services rendered on an account because a collections will not be until 2022 expenses does not include $2,600,000 of expenses on the account because payments will not be made until 2022
$52000 of services rendered on an account and expenses do not include $2,600,000 of expenses on the account is not added account because the company follows a cash-based accounting system.
Who uses cash-based accounting?There are two types of financial reporting: cash accounting and accrual accounting. Cash accounting is used by individuals, small firms, and sole proprietorships to track earnings and outlays when money is exchanged.
With cash basis accounting, revenue is reported as soon as it is actually received, and expenses are reported as soon as they are paid. Accounts payable and receivable are not recognized or tracked in cash accounting.
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Oahu Kiki tracks the number of units purchased and sold throughout each accounting period but applies its inventory costing method at the end of each month, as if it uses a periodic inventory system. Assume Oahu Kiki’s records show the following for the month of January. Sales totaled 240 units.
Date Units Unit Cost Total Cost
Beginning Inventory January 1 120 $ 80 $ 9,600
Purchase January 15 380 90 34,200
Purchase January 24 200 110 22,000
Required:
Calculate the number and cost of goods available for sale.
Calculate the number of units in ending inventory.
Calculate the cost of ending inventory and cost of goods sold using the (a) FIFO, (b) LIFO, and (c) weighted average cost methods.
A) The number and cost of goods available for sale are 700 units and $65,800, respectively.
B) The number of units in the ending inventory is 460 units.
C) The cost of ending inventory and cost of goods sold using the following cost methods are:
Ending Inventory Cost of Goods Sold
a) FIFO $45,400 $20,400
b) LIFO $40,200 $25,600
c) weighted average $43,240 $22,560
What is the difference between these inventory costing methods?The FIFO assumes that goods sold first are the first to be in, that is, First-in, First-out.
The LIFO method assumes the opposite of FIFO, that is Last-in, First-out.
The weighted average uses the average cost to determine the cost of goods sold and the cost of ending inventory.
Date Description Units Unit Cost Total Cost
January 1 Beginning Inventory 120 $ 80 $ 9,600
January 15 Purchase 380 90 34,200
January 24 Purchase 200 110 22,000
Total inventory 700 $65,800
Sales of units 240
Ending inventory 460
Average cost per unit = $94 ($65,800/700)
FIFO:Ending inventory = $45,400 (260 x $90 + 200 x $110)
Cost of goods sold = $20,400 ($65,800 - $45,400)
LIFO:Ending inventory = $40,200 (120 x $80 + 340 x $90)
Cost of goods sold = $25,600 ($65,800 - $40,200)
Weighted average:Ending inventory = $43,240 ($94 x 460)
Cost of goods sold = $22,560 ($94 x 240)
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(2) Calculate each micro-conversion rate (the conversion rate from one step to the next).
A conversion can be a macro conversion or also a micro-conversion.
The micro-conversions are known as the completion of small steps or secondary actions by a website visitor which tends to indicate that they are going to convert. Thus, a micro conversion is any incremental step which a user might take in order to show initial interest in a brand or a product.
Micro conversion rate can be calculated as by dividing the total number of conversions by the total number of sessions and also by multiplying it by the number 100.
Hence, micro-conversions can be considered as a strong indicator of the effectiveness of your funnel.
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16. What are the primary functions of business management? a Planning, organizing, controlling b. Strategizing, communicating, planning c. Finance, operations, management -d. Marketing, accounting, human resource management
At its most fundamental level, management is comprised of the five general duties of organizing, staffing, leading, and managing.
Business Management: The term "business management" refers to the control of business operations. Business managers oversee daily operations and encourage maximum productivity from their staff. A manager can aid a corporation in achieving its operational and financial goals by supervising or training new staff.
A business manager is in charge of managing an organization's operations and workforce. They carry out a range of activities, such as implementing business strategy, assessing business performance, and managing people, to guarantee the efficiency and effectiveness of the company.
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Which option is the best example of a financial emergency?
Answer: Sally has to have emergency surgery and will need to pay extra hospital fees.
Explanation: emergency is any expense or loss of income you do not plan for, like a missed paycheck, a damaged roof, a flat tire, or medical bill. FEMA P-2142/August 2019. Financial emergencies may include car damage, unemployment, medical treatment, property damage, or family emergencies.
I believe your option choices was
Sally buys a new dress for her cousin’s wedding. isn't an financial emergency because sally dose not need a new dress, and could be planned for in savings.Sally just has to have the newest video game system. isn't an financial emergency because dose not need a new game, that could be planned for in the entertainment part of the bouget. Sally has to have emergency surgery and will need to pay extra hospital fees. IS an financial emergency because sally needs the surgery that was not planned for.Sally really wants to see a new movie the day it comes out and she isn’t sure if she has enough money in her bank account to pay for it. isn't an financial emergency because sally can live without the movie.Answer:
car gas
Explanation: