A few years back, Dave and Jana bought a new home. They borrowed $230,415 at a fixed rate of 5.49% (15-year term) with monthly payments of $1,881.46. They just made their twenty-fifth payment and the current balance on the loan is $208,555.87.
Interest rates are at an all-time low and Dave and Jana are thinking of refinancing to a new 15-year fixed loan. Their bank has made the
following offer: 15-year term, 3.0%, plus out-of-pocket costs of $2,937. The out-of-pocket costs must be paid in full at the time of refinancing.
Build a spreadsheet model to evaluate this offer. The Excel function:
=PMT(rate, nper, pv, fv, type)
alculates the payment for a loan based on constant payments and a constant interest rate. The arguments of this function are as follows:
rate = the interest rate for the loan
nper = the total number of payments
pv= present value - - the amount borrowed
fv = future value - - the desired cash balance after the last payment (usually 0)
type = payment type (0 = end of period, 1 = beginning of the period)
For example, for Dave and Jana's original loan there will be 180 payments (12*15 = 180), so we would use =PMT( .0549/12, 180, 230415,0,0) = $1881.46. Note that since payments are made monthly, the annual interest rate must be expressed as a monthly rate. Also, for payment calculations, we assume that the payment is made at the end of the month.
Assume that Dave and Jana have accepted the refinance offer, and that there is no pre-payment penalty, so that anything above the beyond the required payment is applied to the principal. Construct a spreadsheet model in Excel so that you may use Goal Seek to determine the monthly payment that will allow Dave and Jana to pay off the loan in 12 years. Do the same for 10 and 11 years. Which option for prepayment if any, would you choose and why?
(Hint: Break each monthly payment up into interest and principal [the amount that gets deducted from the balance owed] Recall that the monthly interest that is charged is just the monthly loan rate multiplied by the remaining loan balance.)
If required, round your answers to two decimal places.
Pay off loan in years Additional Payment
10 Years $
11 Years $
12 Years $
Which option for prepayment if any, would you choose and why?
Answers
Answer:
Explanation:
If required, round your answers to two decimal places.
Pay off loan in years Additional Payment
10 Years $
11 Years $
12 Years $
Which option for prepayment if any, would you choose and why?
New monthly payment
PMT(3%/12, 15*12, 208555.87, 0, 0) = $1,440.25
Now, we need find the additional amount that they need to pay in order to repay their outstanding loan in 10,11 and 12 years. So, using the above formula, we get
10-year installment = PMT(3%/12, 10*12, 208555.87, 0, 0) = $2,013.83
11-year installment = PMT(3%/12, 11*12, 208555.87, 0, 0) = $1,856.93
12-year installment = PMT(3%/12, 12*12, 208555.87, 0, 0) = $1,726.40
Additional Monthly Payment
10-year: $2,013.83 - $1,440.25 = $573.58
11-year: $1,856.93 - $1,440.25 = $416.68
12-year: $1,726.40 - $1,440.25 = $286.15
Refinancing means finance again(object) and, usually with a new loan with a low-interest rate.
What is the term refinancing means?Refinance, or "refi" briefly, refers to the process of reviewing and replacing existing credit agreement terms, usually as they relate to the loan or mortgage.
Calculation of new monthly payment under refinance model:
New monthly payment:
\(PMT(3\%/12, 15\times 12, 208555.87, 0, 0) = \$1,440.25\)
The calculation is shown in the attached image.
Now, we need to find the additional amount that they need to pay in order to repay their outstanding loan in 10,11, and 12 years.
Using the above formula, we get
\(\rm\,10-year \;installment\; = \;PMT(3\%/12, 10\times 12, 208555.87, 0, 0) = \$2,013.83\\\\11-year installment = PMT(3\%/12, 11 \times 12, 208555.87, 0, 0) = \$1,856.93\\\\12-year installment = PMT(3\%/12, 12 \times 12, 208555.87, 0, 0) = \$1,726.40\)
Additional Monthly Payment
\(\rm\,10-year \$2,013.83 - \$1,440.25 = \$573.58\\\\11-year: \$1,856.93 - \$1,440.25 = \$416.68\\\\12-year: \$1,726.40 - \$1,440.25 = \$286.15\)
Hence, We can go for 12-year model, as it is cost-effective for Dave and Jana.
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Related Questions
This section is based on the case study titled: Maximising Media Relations for Effective Program Execution: UNICEF in Nigeria. This case study is found under the lesson 3 folder, and copies are under the additional resources folder. Please answer all these questions and ensure that you use the correct numbering as given in the question itself.
1. According to the case study, what is the role of public relations? [4]
2. Who are the stakeholders in this case study and their interests [5]
3. What were the strategic tactics and techniques used in the campaign [6]
4. What research methodology was used to develop this plan and discuss whether the programme was successful or not successful in your perspective. Provide evidence from the case study to support your argument. [10]
5. “For effective media relations, the public relations practitioner must understand how the media function and how reporters work” – (Baskin et al, pp:179). As a public relations practitioner what is your assessment of the use of mass media
in this programme and was the use of mass media the best option vs social media in
the programme? (We want to see the student present their own argument here) [5]
6. What did you learn in this case study? [5]
Answers
UNICEF in Nigeria uses strategic strategies and approaches for stakeholder engagement to maximize media relations for effective program execution. Here are the responses to the prompts.
What about the case study?This case study highlights how essential public relations is when it comes to creating a positive image for an organization while building meaningful relationships with important stakeholders.
In this instance UNICEF was determined to raise awareness regarding their programs in Nigeria by engaging local community leaders while effectively communicating their message to citizens via media outlets. Conversely Nigerias government prioritized developing strategies which addressed citizens' needs coupled with enhancing its reputation. The stakeholders involved included: UNICEF representatives; Nigerian government officials; members of various influential media organizations; respected community leaders; as well as concerned members of society at large.
To implement effective strategies required tactical thinking alongside techniques such as holding press conferences/ interviews with key players in local/the national press corps; partnering with appropriate organizations/media personalities across identified relevant industries: e.g governance/community activism or where its most needed. Various research methods were employed inclusive of conducting situational analyses regarding media trends in Nigeria.
Also stakeholder analysis was crucial to identify key targets that helped achieve desired outcomes. The UNICEF program gained excellent traction among its target audience through effective outreach and significant coverage.
As a practitioner involved in public relations work I believe that incorporating mass communication was instrumental in broadening the scope for the advocacy messages and amplifying visibility around necessary programs run by UNICEF globally. Moreover using social media channels served as a valuable medium through which younger demographics could be successfully engaged while receiving personalized insights.
The case study has several vital implications regarding understanding regional media landscapes and establishing relationships with important players operating within the regions.
Collaborative partnerships between local communities alongside other organizations pursuing common goals can result in expanded outreach capacity leading towards new opportunities for positive change. Finally this multifaceted approach utilizing various channels became pivotal not only for generating better visibility but also raising awareness on issues championed by UNICEF globally.
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Which is a demographic factor that a company should consider before deciding to enter into a new country? A) transportation structure B) natural resources C) political stability D) languages E) education
Answers
education is a demographic factor that a company should consider before deciding to enter into a new country.
Statistics used to describe population characteristics are known as demographics. Using criteria like age, race, and sex, demographic analysis examines a population. The term demographic factor refers to statistically stated socioeconomic information about employment, education, income, marriage rates, birth and death rates, and other topics. In order to better understand a population's characteristics for a variety of purposes, including economic market research and policy creation, governments, businesses, and non-governmental groups employ demographics. In order to increase the number of people who can buy their products, for instance, a company that sells high-end RVs may seek to reach those who are approaching or at retirement age. Individual data like gender, age, marital status, number of children, occupation, level of education, and linguistic heritage are all considered to be demographic factors or variables.
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What is the interest expense on December 31?
Answers
The interest expense on December 31 of the first year is $5,250.
What is the interest expense on bonds?The interest expense for a bond that has the same coupon rate as the market rate is always the same for all periods of the bond.
This shows that the bond was issued at neither premium nor discount but at par.
Data and Calculations:N (# of periods) = 20
I/Y (Interest per year) = 7.5%
PMT (Periodic Payment) = $5,250 ($140,000 x 7.5% x 1/2)
FV (Future Value) = $140,000
Results:
PV = $140,000.00
Sum of all periodic payments = $105,000 ($5,250 x 20)
Total Interest = $105,000
SchedulePeriod PV PMT Interest FV
1 $140,000 $5,250 $5,250 $140,000
2 $140,000 $5,250 $5,250 $140,000
Thus, the interest expense on December 31 of the first year is $5,250.
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I
The constant growth formula is a good tool to use to value companies in the
industry.
O technology
2000
о
pharmaceutical
utility
I DON'T KNOW YET
Answers
The constant growth formula is typically applied more commonly in the utility industry.
The constant growth formula, also known as the Gordon Growth Model, is commonly used to value companies in industries with stable and predictable dividend growth rates. It assumes that the company's dividends or earnings will grow at a constant rate indefinitely. However, it may not be the most suitable tool for valuing companies in every industry.
The constant growth formula can be a useful tool for valuing companies in certain industries like utilities, but it may not be the most appropriate choice for valuing companies in the technology or pharmaceutical sectors.
Utility companies often exhibit stable and predictable cash flows, making them suitable candidates for valuation using the constant growth model.
Therefore, the correct option is utility.
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Ethical relativism is defined as the ability to influence followers to achieve common goals through shared purposes. True or False.
Answers
Ethical relativism is defined as the ability to influence followers to achieve common goals through shared purposes. This statement is false.
What is Ethical relativism?The idea that morality is based on cultural standards is known as ethical relativism.
There are no universal moral laws that can be applied to all individuals at all times, according to the ethical relativist. The only moral benchmarks a community may use to evaluate its actions are it's own. If ethical relativism is true, there is no framework that can be used by people of various communities to resolve moral disagreements or come to an ethical consensus.
Therefore, This statement is false.
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On July 1, 2021, Markwell Company acquired equipment. Markwell paid $175,000 in cash on July 1, 2021, and signed a $700,000 noninterest-bearing note for the remaining balance which is due on July 1, 2022. An interest rate of 5% reflects the time value of money for this type of loan agreement. (PV of $1, PVA of $1) (Use appropriate factor(s) from the tables provided.) For what amount will Markwell record the purchase of equipment? a) $834,048. b) $841,666. c) $741,666. d) $875,000.
Answers
Answer: b) $841,666.
Explanation:
Markwell will record the equipment at the present value of the amounts spent to purchase it.
Present value of the cash paid = $175,000
Present value of the noninterest-bearing note after a year = 700,000/(1 + 5%)
= $666,667
Total = 175,000 + 666,667
= $841,667
As per the options;
= $841,666
design an approach that your team would recommend for Joseph and Nicholas to cover one area each that you deem necessary to aid in the planning and controlling functions
Answers
The combines strategic planning, performance measurement, effective communication, and continuous improvement to support Joseph and Nicholas in their planning and controlling functions. It ensures a well-defined direction, data-driven decision-making, collaboration, and a focus on growth and adaptability.
In order to aid in the planning and controlling functions, the following approach can be recommended to Joseph and Nicholas:
1. Establish Clear Objectives and Goals: The first step in planning is to establish clear objectives and goals for the team. It is important to have a clear understanding of what needs to be accomplished and what the team's priorities are.
2. Assign Responsibilities: Assigning specific responsibilities to team members helps to ensure that everyone is working towards a common goal. Joseph and Nicholas should each be assigned to cover one area that is necessary for planning and controlling functions. This will help to ensure that all aspects of the project are covered and that there is no overlap or duplication of efforts.
3. Develop a Schedule: Developing a schedule that outlines the key milestones and deadlines for the project is essential to effective planning and control. This will help to ensure that the project stays on track and that deadlines are met.
4. Monitor Progress: Regularly monitoring progress against the schedule and objectives is necessary to ensure that the project is progressing as planned. This will help to identify any issues or problems that arise and allow for corrective action to be taken.
5. Communicate: Effective communication is critical to the success of any project. Joseph and Nicholas should establish a regular communication schedule to ensure that everyone is up-to-date on the project's progress, any issues or problems that arise, and any changes to the schedule or objectives.
6. Make Adjustments: Finally, it is important to be flexible and make adjustments as needed. If the project is not progressing as planned, adjustments may be necessary to the schedule or objectives to ensure that the project stays on track and that goals are met.
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How would the state economy most likely be impacted if all of its restaurants were able to reopen after being closed for six months?
It would decline slightly.
It would decrease greatly.
It would increase considerably.
It would not be affected.
Answers
If all of restaurants of state reopened after being closed for six months then the state economy is most likely to increase considerably. Thus, the correct option is C). It would increase considerably.
What is the effect of the lockdown on our economy?The lockdown would have a great impact on the state economy in different ways. The situation of job lost arise in industries that pay low average wages during the lockdown according to Labor Department employment data.
Capital of a country is exploited and destroyed to the extent that resulted into the decline of the state economy. It could be found that lockdown could result in a direct initial reduction of 20-25% of GDP.
During the recession period due to the lockdown, the government will increase spending, reduce taxes, or do both to expand the economy. Thus, after the lockdown, the state economy would increase considerably.
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Westex Products is a wholesale distributor of industrial cleaning products. When the treasurer of Westex Products approached the company’s bank late in the current year seeking short-term financing, he was told that money was very tight and that any borrowing over the next year would have to be supported by a detailed statement of cash collections and disbursements. The treasurer also was told that it would be very helpful to the bank if borrowers would indicate the quarters in which they would be needing funds, as well as the amounts that would be needed, and the quarters in which repayments could be made.
Because the treasurer is unsure as to the particular quarters in which bank financing will be needed, he has assembled the following information to assist in preparing a detailed cash budget:
Budgeted sales and merchandise purchases for next year, as well as actual sales and purchases for the last quarter of the current year, are:
Sales Merchandise Purchases
Current Year:
Fourth quarter actual $ 200,000 $ 126,000
Next year:
First quarter estimated $ 300,000 $ 186,000
Second quarter estimated $ 400,000 $ 246,000
Third quarter estimated $ 500,000 $ 305,000
Fourth quarter estimated $ 200,000 $ 126,000
All sales are on account. The company normally collects 65% of a quarter’s sales before the quarter ends and another 33% in the following quarter. The remainder is uncollectible. This pattern of collections is now being experienced in the current year’s fourth-quarter actual data.
Eighty percent of a quarter’s merchandise purchases are paid for within the quarter. The remainder is paid for in the following quarter.
Selling and administrative expenses for next year are budgeted at $50,000 per quarter plus 15% of sales. Of the fixed amount, $20,000 each quarter is depreciation.
The company will pay $10,000 in dividends each quarter.
Land purchases of $75,000 will be made in the second quarter, and purchases of $48,000 will be made in the third quarter. These purchases will be for cash.
The Cash account contained $10,000 at the end of the current year. The treasurer feels that this represents a minimum balance that must be maintained.
The company's bank allows borrowing in increments of $1,000 at the beginning of each quarter, up to a total loan balance of $100,000. The interest rate on these loans is 2.5% per quarter and for simplicity we will assume that interest is not compounded. The company would, as far as it is able, repay the loan plus accumulated interest at the end of the year.
At present, the company has no loans outstanding.
Required:
1. Calculate the expected cash collections by quarter and in total for next year.
2. Calculate the expected cash disbursements for merchandise purchases by quarter and in total for next year.
3. Calculate the expected cash disbursements for selling and administrative expenses, by quarter and in total for next year.
4. Prepare a cash budget by quarter and in total for next year.
Answers
1. Expected cash collections by quarter and in total for next year:
Quarter 1:
Sales: $300,000
Collection in same quarter: $195,000 (65% of sales)
Collection in next quarter: $97,500 (33% of sales)
Uncollectible: $7,500 (remainder)
Total cash collection: $292,500
Quarter 2:
Sales: $400,000
Collection in same quarter: $260,000 (65% of sales)
Collection in next quarter: $130,000 (33% of sales)
Uncollectible: $10,000 (remainder)
Total cash collection: $390,000
Quarter 3:
Sales: $500,000
Collection in same quarter: $325,000 (65% of sales)
Collection in next quarter: $162,500 (33% of sales)
Uncollectible: $12,500 (remainder)
Total cash collection: $500,000
Quarter 4:
Sales: $200,000
Collection in same quarter: $130,000 (65% of sales)
Collection in next quarter: $65,000 (33% of sales)
Uncollectible: $5,000 (remainder)
Total cash collection: $200,000
Total cash collections for the year: $1,382,500
2. Expected cash disbursements for merchandise purchases by quarter and in total for next year:
Quarter 1:
Merchandise purchases: $186,000
Paid in same quarter: $148,800 (80% of purchases)
Paid in next quarter: $37,200 (20% of purchases)
Total cash disbursement: $186,000
Quarter 2:
Merchandise purchases: $246,000
Paid in same quarter: $196,800 (80% of purchases)
Paid in next quarter: $49,200 (20% of purchases)
Total cash disbursement: $246,000
Quarter 3:
Merchandise purchases: $305,000
Paid in same quarter: $244,000 (80% of purchases)
Paid in next quarter: $61,000 (20% of purchases)
Total cash disbursement: $305,000
Quarter 4:
Merchandise purchases: $126,000
Paid in same quarter: $100,800 (80% of purchases)
Paid in next quarter: $25,200 (20% of purchases)
Total cash disbursement: $126,000
Total cash disbursements for the year: $963,000
3. Expected cash disbursements for selling and administrative expenses, by quarter and in total for next year:
Quarter 1:
Selling and administrative expenses: $95,000 ($50,000 + 15% of sales)
Depreciation: $20,000
Total cash disbursement: $115,000
Quarter 2:
Selling and administrative expenses: $135,000 ($50,000 + 15% of sales)
Depreciation: $20,000
Total cash disbursement: $155,000
Quarter 3:
Selling and administrative expenses: $170,000 ($50,000 + 15% of sales)
Depreciation: $20,000
Total cash disbursement: $190,000
Quarter 4:
Selling and administrative expenses: $95,000 ($50,000 + 15% of sales)
Depreciation: $20,000
Total cash disbursement: $115,000
Total cash disbursements for the year: $575,000
4. Cash budget by quarter and in total for next year:
Quarter 1:
Beginning cash balance: $10,000
Total cash collections: $292,500
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A needs assessment conducted at McDonald's was presented in the text. Which of the following is NOT true of its needs assessment process?
Answers
A need assessment process comprises of Plan, Developing questions, Select data collection methods, Analyze and prioritize data.
What is Needs Assessment?Simply put, a Needs Assessment can be defined as a process to find what is missing is a system that is meant to deliver a particular output.
In summary, it is an analysis of what is given and what is expected.
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The primary focus for financial accounting information is to provide information useful for: Investing decisions Credit decisions a. Yes Yes b. Yes No c. No Yes d. No
Answers
Answer:
a. Yes yes
Explanation:
The primary focus for financial accounting information is to provide useful information to investors for decision making. This is to enable both present and potential investors have prior knowledge and state of affairs of the company or business they want to spend their money on.
However, in the long run, the focus for financial accounting would also include providing useful information for credit decisions. The aforementioned would only occur if a company is able to generate profit hence providing rate of returns to their investors.
Answer:
MAYBE
Explanation:
yes + no = maybe
Parents put $ 1000 into a savings account at the birth of their daughter. When their daughter is 18 years old, the money in the account is $2936.77. What is the interest rate compounded monthly?
Answers
Answer:
408.611%
Explanation:
First one to answer gets a brainly, look at the picture please
Answers
Answer:
c
Explanation:
Answer: B
Explanation:
Scenario 2:
The price of gas rises by $1 per gallon the last month. As you travel through southern california you notice an increase in oil drilling operations. In previous trips you noticed a handful of operations, this trip you're seeing hundreds and hundreds of oil manufacturing centers.
Does this scenario relate to the law of supply, demand, or neither? Justify why you believe this to be true.
Answers
Answer:
both
Explanation:
there is not enough supply to fit the demand meaning said oil is more valuable so it is a good time to drill for more because it is more expensive and you know you can charge more because people will have no choice but to purchase it at your price until supply exceeds demand which will make it less valuable until the demand once again is higher than supply which will make it more valuable again.
What did the Retirement Analyzer results show you about your retirement? Will you have enough monthly income to live comfortably in retirement? What steps can you take to save and invest in your future, while still paying bills and living now?
Answers
Using the Retirement Analyzer, you can assess whether your monthly income in retirement will suffice for a comfortable lifestyle.
What is Retirement AnalyzerThe tool takes into account multiple variables, including existing investments, savings, expected expenses, and retirement objectives, to provide an accurate analysis. By means of an examination, it offers perspectives on whether or not your retirement funds are adequate.
If the Retirement Analyzer shows that your monthly income for retirement may be insufficient, evaluate your current savings rate and contemplate on augmenting it to boost savings.
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A source for conducting formal research would include _____.
Answers
A source for conducting formal research would include written reports
What is formal research?Formal research, as the name suggests, is carried out utilizing scientific examination to duplicate measurable outcomes. The results of the formal research can be extrapolated to a larger population or universe if done properly, using a truly random sample. Informal research is the collection and analysis of data using nonscientific means, while formal research is a sort of research study carried out utilizing a systematic methodology and scientific procedures.
Furthermore, formal research is more likely to be impartial or objective than informal research. Formal research is employed to target communications and assess outcomes. research that typically obtains data and viewpoints via dialogue, a continuing, and unrestricted discussion of issues, concerns, and ideas.
The method of conducting research that is formed is through written reports.Formal research is defined as the learning of new information with the purpose of better understanding one another and ourselves.Questions, discovering solutions, structure, and systematisms are some of the traits of formal research.To learn more about formal research refer to:
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Organizational Culture and Structure: Drivers of Strategic Implementation
Module 6, Chapter 8 (Management: A Practical Introduction by Angelo Kinicki and Denise Breaux Soignet (10th
Edition). NEWS ARTICLE REVIEW #1
Answers
The article begins by defining organizational structure and organizational culture, noting that while each can influence the other, they are distinct entities.
What is organizational structure?Organizational structure is a system of authority, responsibility, communication, and decision-making within an organization. It is the framework that outlines how roles, responsibilities, and relationships are managed within the company. It is typically hierarchical and defines the relationship between different functions and roles, allowing for efficient communication and the delegation of tasks. It is also used to create clarity about the roles of each individual and to ensure that decisions are made in the interest of the business. It can also help to reduce uncertainty and ensure that everyone is on the same page. Ultimately, organizational structure helps to create stability and efficiency within a business.
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Self confidence is the most important quality for
Answers
Answer:
It can help you get more things done since you are certain of what you can and cannot do. This means that you can use your strengths to your advantage and at the same time, improve on your weaknesses
Explanation:
Answer:
building new relationships
Explanation:
Calculate the 2 year annuity factor if the required rate of return is 10%.
Answers
If the required rate of return is 10%, then the 2-year annuity factor can be calculated as 1.7355.
What is the 2-year annuity factor?The 2-year present value annuity factor can be found by using the formula for the present value of an annuity.
This is:
= Amount x ( 1 - (1 + rate) ^ - number of periods ) / rate
Replace the amount with 1 when calculating for factor:
= 1 x ( 1 - (1 + 10%)⁻²) / 10%
= 1 x 0.173553719 / 10%
= 1.7355
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In one paragraph, describe two ways in which the Credit Card Accountability Responsibility and Disclosure Act (CARD Act) helps customers.
Answers
A consumer protection law called the Credit Card Accountability Responsibility and Disclosure Act of 2009 was passed to protect consumers from unfair business practices by credit card issuers. Increased disclosure of credit card terms and conditions, as well as limitations on associated fees and interest rates, are required to achieve this.
What is a Credit card?A bank or other financial institution issues a small, rectangular piece of plastic or metal known as a credit card, which allows its owner to borrow money in order to pay for goods and services at establishments that accept credit cards.
To protect the customers against unfair practice The Credit Card Accountability Responsibility and Disclosure Act (CARD Act) were passed.
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International trade specialists that buy goods at a discount from a small businesses and resell them abroad are called
A. commission house brokers
B. exporting trade companies
C. business trade unions
D. domestic channel companies
Answers
Answer: B. exporting trade companies
Explanation:
Trade unions are the organisations that are out in place so as to protect the interest of workers. They negotiate for better wages and salaries, provide job security, and seek better working conditions for their workers.
Export trading company is simply referred to as an independent company that helps in the provision of support services to the companies that are involved in the exportation of goods and services.
Commission house brokers is simply an individual who helps in representing people who have properties.
Therefore, the answer is exporting trade companies.
Careers in Social Media require great communication skills. The purpose of this assignment is to highlight those skills and reflect on the effective communication skills necessary for a successful Social Media Marketing strategy.
Read the articles below and create a one or two paragraph answer that reflects on the key learning from these articles.
"You are using Social Media all Wrong"
"The Three Most Important Personal Branding skills to have"
"9 Skills Every Social Media Manager Must have"
"10 Social Media Strategies for Corporate Communication Today"
Answers
One key learning from the articles is that social media requires personalized communication and another important aspect highlighted by the articles is the importance of storytelling.
Social media has revolutionized the way we communicate, interact and share information. Today, businesses rely heavily on social media platforms to reach their target audience, promote their brand and generate leads. Careers in social media require great communication skills as it is crucial to understand the target audience and communicate effectively to achieve the desired outcome.
The articles, "You are using Social Media all Wrong", "The Three Most Important Personal Branding skills to have", "9 Skills Every Social Media Manager Must have" and "10 Social Media Strategies for Corporate Communication Today" highlight the essential communication skills required for successful social media marketing strategies.
One key learning from these articles is that social media requires personalized communication. Businesses need to engage with their audience, understand their preferences, and create content that resonates with them. This requires strong communication skills to understand the audience's needs and communicate effectively with them. Another important aspect highlighted by the articles is the importance of storytelling. Social media users prefer to engage with content that tells a story, evokes emotions, and is relatable. Communication skills are critical in creating such content that resonates with the target audience.
In conclusion, communication skills are crucial for successful social media marketing strategies. Personalized communication, storytelling, and engagement are key elements of an effective social media marketing strategy, and businesses must focus on developing these skills to succeed in the ever-evolving social media landscape.
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Assume the appropriate discount rate for the following cash flows is 9.9 percent.
Year Cash Flow
1 $1,950
2 1,850
3 1,550
4 1,350
Required:
What is the present value of the cash flows?
Answers
Answer:
Total PV= $5,399.2
Explanation:
Giving the following information:
Year Cash Flow
1 $1,950
2 1,850
3 1,550
4 1,350
Discount rate= 9.9%
To calculate the present value, we need to use the following formula on each cash flow:
PV= Cf/(1+i)^n
PV1= 1,950/1.099= 1,774.34
PV2= 1,850/1.099^2= 1,531.71
PV3= 1,550/1.099^3= 1,167.72
PV4= 1,350/1.099^4= 925.43
Total PV= $5,399.2
q Conflict Consequences 2 Difference between critical and Creative thinking. 3. Positive Use & Teisure time 41m Portance & Self Identity Svalues associated with creative Thinking
Answers
Critical thinking involves analyzing and evaluating information, while creative thinking involves generating new ideas and solutions. Positive use of leisure time includes engaging in activities that promote personal well-being, learning, self-improvement, socializing, and exploring new experiences.
Difference between critical and creative thinking:
Critical thinking is a cognitive process that involves analyzing and evaluating information or arguments in a logical and systematic manner. It focuses on objective analysis, reasoning, and problem-solving. Critical thinking requires the ability to question assumptions, recognize biases, and assess evidence to form well-reasoned judgments or decisions.
On the other hand, creative thinking involves generating new ideas, insights, or solutions. It is a process of divergent thinking, breaking away from conventional thoughts and exploring alternative perspectives.
Creative thinking often involves combining different ideas, making connections, and thinking outside the box. It encourages imagination, flexibility, and the ability to embrace uncertainty.
While critical thinking aims to assess and evaluate existing information or arguments, creative thinking aims to generate new possibilities or approaches. Critical thinking seeks to analyze and deconstruct, while creative thinking seeks to synthesize and construct.
Positive use of leisure time:
Leisure time refers to the period when individuals are free from work or other obligations and can engage in activities of their choice. Positive use of leisure time involves engaging in activities that contribute to personal well-being, growth, and fulfillment. Here are some examples:
Pursuing hobbies and interests: Engaging in activities such as painting, playing a musical instrument, gardening, or sports can provide relaxation, personal enjoyment, and a sense of accomplishment.
Learning and self-improvement: Using leisure time to learn new skills, read books, take online courses, or engage in personal development activities can enhance knowledge, broaden perspectives, and foster personal growth.
Physical and mental well-being: Allocating leisure time for exercise, meditation, yoga, or other wellness activities promotes physical fitness, reduces stress, and enhances overall well-being.
Socializing and building relationships: Spending leisure time with family, friends, or participating in community activities helps foster social connections, build relationships, and strengthen support networks.
Exploring new experiences: Traveling, visiting museums, attending cultural events, or trying new cuisines broadens horizons, provides exposure to different cultures, and creates memorable experiences.
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Do you think it’s better to take out a loan to fund a business or seek out an investor?
Answers
Answer:is better to take out a loan
Explanation:
how will you react to the following destroying or removing information that could hurt your company if it fell into the wrong hands.
Answers
I will say it is crucial to prioritize ethical behavior and transparency. Instead of destroying or removing information, we should focus on implementing robust security measures to safeguard sensitive data.
How can we protect sensitive information from unauthorized access?Protecting sensitive information from unauthorized access is essential for companies to maintain trust with their stakeholders. Instead of resorting to destroying or removing information, it is more beneficial to invest in robust security measures.
By implementing strong encryption, access controls, and regular security audits, we will significantly reduce the risk of sensitive data falling into the wrong hands. Also, fostering a culture of responsible data handling and training employees on best security practices can further enhance the overall protection of company information.
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If Amelia would like to double her money in twelve years, how much interest does she need to earn O 12 percent O 16.6 percent O 6 percent 10 percent
Answers
Out of the given answer choices, the interest rate that Amelia needs to earn to double her money in twelve years is 16.6 percent.
To find out how much interest Amelia needs to earn to double her money in twelve years, we need to use the compound interest formula.
This formula is used to determine the future value of an investment based on the principal, the interest rate, the number of compounding periods, and the time involved.
The formula is as follows: FV = PV x (1 + r/n)^(n*t)where FV = future value, PV = present value (the amount of money Amelia currently has), r = annual interest rate, n = number of times the interest is compounded per year, and t = time in years.
To double her money, Amelia needs to have a future value that is twice her present value. Therefore, we can set FV = 2PV and solve for r.
2PV = PV x (1 + r/n)^(n*t)Dividing both sides by PV, we get:2 = (1 + r/n)^(n*t)
Taking the natural logarithm of both sides, we get: ln(2) = ln[(1 + r/n)^(n*t)]
Using the power rule of logarithms, we can simplify the right side of the equation to ln(2) = (n*t) ln(1 + r/n)
Dividing both sides by (n*t), we get:ln(2) / (n*t) = ln(1 + r/n)
Finally, we can solve for r by raising both sides as the power of e: e^(ln(2) / (n*t)) = 1 + r/n
Subtracting 1 from both sides and multiplying by n, we get:r = n x (e^(ln(2) / (n*t)) - 1)
Plugging in the values given, we get:r = n x (e^(ln(2) / (n*12)) - 1)
We don't know the value of n, so we can try each of the answer choices to see which one gives us a value of r that works.
Using a financial calculator or a spreadsheet program like Excel, we can calculate the values of r for each interest rate.
Using 12 percent: r = 1 x (e^(ln(2) / (1*12)) - 1) = 0.0956 or 9.56 percent
Using 16.6 percent: r = 1 x (e^(ln(2) / (1*12)) - 1) = 0.1407 or 14.07 percent
Using 6 percent: r = 1 x (e^(ln(2) / (1*12)) - 1) = 0.0488 or 4.88 percent
Using 10 percent: r = 1 x (e^(ln(2) / (1*12)) - 1) = 0.0794 or 7.94 percent
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Which business is exempt from using the accrual basis for accounting? A clothing manufacturer that has average gross annual receipts of $35 million over the last three years. An online retailer that has average gross annual receipts of $45 million over the last three years. A construction contractor who does not have any outstanding accounts receivable at the end of the tax year. A home improvement store that just began business last year and had $2.7 million in gross receipts.
Answers
Answer:
A home improvement store that just began business last year and had $2.7 million in gross receipts.
Explanation:
The IRS allows only a limited number of businesses to use cash basis accounting and in order to do so, the business must be:
Partnership or C corporation with less than $5 million in total sales revenue per yearSole proprietorship or S corporation with less than $1 million in total sales revenueCannot be a publicly traded corporationPersonal service businesses with more than 95% of revenue specifically related to services. Family owned farms with total annual sales revenue less than $25 million.In which of the following situations would Elijah be liable for the loss of the wheat against the new buyer?
a. If the buyer had not actually taken possession of the goods. b. If delivery had already occurred. c. If the buyer purchased the entire harvest rather than a portion. d. If the goods were considered fungible.
Answers
Answer:
A. If the buyer had not actually taken possession of the goods
Explanation:
If you wish to receive R57145 in two years time and you can earn an interest rate of 8% per annum compounded annually how much in rands (no cents) should you invest today?
Answers
You should invest R57145 in rands today. Interest is the fee paid for having access to borrowed funds.
While the interest rate used to compute interest is often reported as an annual percentage rate (APR), interest expense or revenue is frequently expressed as a dollar figure. The compensation a lender or financial organization receives for giving out money is called interest. The percentage of a stockholder's ownership in a corporation that is also referred to as interest.
The cost of borrowing money is called interest, and it is typically stated as a percentage, such as an annual percentage rate (APR). Lenders may charge interest to borrowers for using their funds, or borrowers may charge interest to lenders for using their funds.
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