An annuity pays $500 every six months for 5 years. The annual rate of interest is 8% convertible semiannually. Find each of the following: (a) The PV of the annuity six months (one period) before the first payment, (b) the PV of the annuity on the day of the first payment, (c) the FV of the annuity on the day of the last payment, (d) and the FV of the annuity six months after the last payment.

Answers

Answer 1

Answer:

(a) The PV of the annuity six months (one period) before the first payment,

PV ordinary annuity = $500 x 8.1109 (PV annuity factor, 10 periods, 4%) = $4,055.45

(b) the PV of the annuity on the day of the first payment,

PV annuity due = $500 x 8.43533 (PV annuity due factor, 10 periods, 4%) = $4,217.67

(c) the FV of the annuity on the day of the last payment,

FV = $500 x 12.00611 (FV annuity factor, 4%, 10 periods) = $6,003.06

(d) and the FV of the annuity six months after the last payment.

FV = $6,003.06 x (1 + 4%) = $6,243.18


Related Questions

Market research can help you strategize your _______ and _______ goals.

Primary research is more _______ than secondary research.

Your first marketing priority is to find out if you can _______ your product or services.

The grouping of people for marketing purposes is called _______.

Once you find out what people want, there’s a need to know the _______ for their choices.

Answers

Market research can help you strategize your business and marketing goals.

Primary research is more specific and tailored to your specific needs than secondary research.

Your first marketing priority is to find out if you can sell your product or services.

The grouping of people for marketing purposes is called segmentation.

Once you find out what people want, there's a need to know the motivations for their choices.

Market research plays a critical role in shaping business and marketing strategies by providing valuable insights into customer preferences, market trends, and competitive landscapes. It helps in identifying target markets, understanding customer needs, and developing effective strategies to achieve business and marketing goals.

By conducting research, businesses can gather data and information to inform their decision-making and ensure that their goals are aligned with customer expectations and market opportunities.

Primary research involves gathering firsthand data directly from the source, such as through surveys, interviews, or observations. It is more specific and focused on the unique needs and objectives of a particular study. Secondary research, on the other hand, involves using existing data and information from published sources.

While secondary research provides a broader understanding of a topic, primary research allows for more control and customization of the research process to address specific research objectives.

When launching a new product or service, one of the primary marketing priorities is to determine if there is a demand for it in the market.

Market research helps in assessing the viability and potential success of a product or service by gathering insights on customer preferences, needs, and market conditions. This information enables businesses to make informed decisions about product development, positioning, pricing, and marketing strategies.

Segmentation is the process of grouping individuals with similar characteristics or behaviors into distinct segments for marketing purposes.

By segmenting the market, businesses can target specific groups that are most likely to be interested in their products or services. Market segmentation allows for more personalized and targeted marketing strategies, resulting in better customer engagement and increased marketing effectiveness.

Once businesses identify what people want through market research, it becomes crucial to understand the motivations behind their choices. This involves delving deeper into the underlying reasons, preferences, and factors that drive consumer behavior.

By understanding the motivations behind consumer choices, businesses can tailor their marketing messages, product features, and overall customer experience to better align with customer needs and increase the chances of success in the market.

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Which best describes the similarity and differences between the Construction pathway and the
Maintenance/Operations pathway?
Both rely on knowledge of safety regulations, but Construction focuses more on identifying problems and
repairing them.
Both rely on drawing and design skills, but Maintenance/Operations focuses more on math and making
calculations.
Both rely on physical strength and dexterity, but Maintenance/Operations focuses more on identifying problems
and repairing them.
Both rely on a high level of independence, but Construction focuses more on interacting with customers.

Answers

Answer:

Both rely on physical strength and dexterity, but Maintenance/Operations focuses more on identifying problems

Explanation:

The correct answer is option C) Both rely on physical strength and dexterity, but Maintenance/Operations focuses more on identifying problems and repairing them.

Construction of pathway

The construction pathway includes workers who build and remodel homes, or community, recreational, industrial, and office facilities. Includes builders of highways, streets, bridges, tunnels and airports.

What is the difference between the Construction pathway and the maintenance and operations pathway?

Both rely on knowledge of safety regulations, but Construction focuses more on identifying problems and repairing them. Both rely on drawing and design skills, but Maintenance/Operations focuses more on math and making calculations.

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Consumers are inundated with thousands of promotional messages a day. In order for a firm’s message to stand out, marketers must understand the communication process. This activity is important because the ability to effectively communicate a marketing message is the difference between success and failure.
The goal of this activity is to illustrate how a firm effectively uses the traditional communication process to reach potential customers. See this in action at Kind Care in the video that follows.
Kind Care Nursing School is reaching out to potential students via a texting campaign. Gabby is one of these students. In this communication exchange, Kind Care represents the
Multiple Choice
receiver.
channel.
sender.
decoder.
noise.

Answers

Correct answer is Sender.

From the given information its quite clear that Gabby has entered in feedback loop and the kind care represents the sender.

What is the marketing strategy used here?

Feedback is an essential part of the communication process. It is like missing link between sender-receiver loop. Thus, in this question, sender is the Kind Care and receiver is Gabby.

By the feedback loop a response is recruited from the receiver to the sender. Therefore, the two-way communication process ends with feedback.

In marketing, an example of feedback loop can be, social media, that is used to improve marketing techniques. For example, measuring the types of content that have the highest levels of involvement, can help marketers know which content to pursue in the future.

Thus, in this question, sender is the Kind Care and receiver is Gabby.

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Select the examples that best demonstrate likely tasks for Transportation Systems/Infrastructure Planning, Management, and Regulation workers. Check all that apply.

Tanya sells airplane tickets to customers.
Stefan repairs bus engines that aren’t working properly.
Fletcher gathers and analyzes information about traffic accidents at an intersection.
Heidi sells vehicle parts to repair shops.
Jay inspects the cargo being loaded onto a ship.
Edie explains the goals of a transportation project to members of the community.

Answers

Answer:

C,E,F

Explanation:

Edge 2021

Answer:

C, E, F

Explanation:

Its correct i did it

The following amounts were taken from the financial statements of Thompson Corporation: 2018 2017 Total assets $800,000 $1,000,000 Net sales 760,000 720,000 Gross profit 352,000 320,000 Net Income 144,000 117,000 Weighted average number of 380,000 380,000 common shares Market price of common shares 44 48 The return on assets ratio for 2018 is

Answers

The return on the asset's ratio for Thompson Corporation in 2018 is 16%.

What are assets?

Assets are resources owned or controlled by an individual, business, or the organization that are expected to provide future economic benefits. These resources can take various forms such as cash, property, investments, inventory, equipment, patents, and intellectual property. Assets can be classified into two main categories: current assets and non-current assets. Current assets are those that can be converted into cash within one year, while non-current assets are those with a useful life of more than one year. Assets are recorded on a company's balance sheet and are a key indicator of its financial health. They are also used to calculate important financial ratios such as return on assets, which measures how efficiently a company is using its assets to generate profits.

Average Total Assets = (Total assets 2018 + Total assets 2017) / 2

Average Total Assets = ($800,000 + $1,000,000) / 2

Average Total Assets = $900,000

ROA = $144,000 / $900,000

ROA = 0.16 or 16%

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What is a main feature of the CERT program ?

Answers

The main feature of the CERT Program: educates volunteers about disaster preparedness for the hazards that may impact their area and trains them in basic disaster response skills, such as fire safety, light search and rescue, team organization, [ and disaster medical operations. ]

Given the data provided in the table below, the total revenue (TR) for production at quantity (Q) level 4 equals
zero
$1.00
$15.00
$20.00

Given the data provided in the table below, the total revenue (TR) for production at quantity (Q) level

Answers

The total revenue (TR) for production at quantity (Q) level 4 , given the data on the table, is D. $ 20. 00 .

How to find Total revenue ?

Total revenue refers to the total returns that a company makes when it sells a certain amount of goods or services . This amount has not been adjusted for expenses yet and is simply what is made from sales . If it is adjusted for expenses, then it becomes known as the total profit from the sale of goods and services .

The formula for the total revenue is therefore :

= Quantity of goods or products sold x Price of each unit of the good or product

At production quantity (Q) level 4, the quantity sold is 4 units and the price per unit is $5.

The total revenue is therefore:

= 4 x 5

= $20

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Return on Invested Capital (ROIC) is a profitability ratio that measures how effective the firm is at generating a return for investors who have provided capital (bondholders and stockholders). The ROIC calculation answers three questions: How tax efficient is the firm? How effective are the firm’s operations? How intensively does the firm use capital? Comparing the answers to these questions between firms can help you understand why one firm is more profitable than another and where that profitability is coming from.
In the following, Apple’s ROIC is compared to Blackberry’s. The income statement and balance sheet are provided for both firms. While the ROIC calculation for Blackberry is completed below, you have to complete the calculation for Apple by supplying the correct income statement and balance sheet information. As you fill in this information, the components of Apple’s ROIC will be
calculated along with some supporting ratios. Use these subcomponents and supporting ratios to compare Apple and Blacberry’s performance. Where does Apple’s advantage come from?
This activity demonstrates the calculation of ROIC and the comparison of firm performance, supporting Learning Objective 5-1 and 5-2.
Instructions
Use the income statement and balance sheet information for Apple to fill in the missing items in the calculation of Apple’s ROIC and supporting ratios. Once filled in correctly, compare Apple’s performance to that of Blackberry. Where does Apple have an advantage? Where does Blackberry have an advantage?
Apple, Inc. Blackberry
Income Statement YE Sept 2012 YE Mar 2012
Net sales 156,508
Cost of sales 87,846
Gross margin
Research & development expense 3,381
Selling, general & admin expense 10,040
other operating 0
Total operating expenses
Operating margin
Interest & dividend income 0
Interest expense 0
Other Income / Expense 522
Total Other income
Earnings before taxes
Provision for taxes 14,030
Net income (loss)
Short-term marketable securities
Components 0 Inventories 791 Total current assets
Long-term marketable securities
Other assets
18,423
11,848
1,559
2,600
930
0
0
21
354
Balance sheet YE Sept 2014 YE Mar 30 2012
Cash & cash equivalents 10,746 247
Accounts receivable 10,930 0
Finished goods 0 1,027
68,662
13,421
55,241
522
55,763
41,733
6,575
5,089
1,486
21
1,507
1,153
1,527 3,062 0 1,208
2,733
0 2,645
0
Apple Inc Microsoft Corporation
18,383
Other Current Assets 16,803
Fixed Assets: PP&E (net) 15,452 3,927
0 102,959
57,653
176,064
38,542
19,312
7,071
13,731
3,389
0
Long term assets 6,660
Total assets
Accounts payable Deferred revenue
Total current liabilities Long-term debt
Deferred tax liabilities Other long-term liabilities Long-term liabilities
21,175 0
0 0
Accrued expenses 11,414 0
744
other 5,953
Deferred revenue - non-current 0 0
0
Other non-current liabilities 19,312 242
Total long-term liabilities 242

Return on Invested Capital (ROIC) is a profitability ratio that measures how effective the firm is at

Answers

Here is the ROIC calculation for Apple, Inc.:

The ROIC calculation

Net income (loss) $14,030

Interest expense $0

Taxes $14,030

Net operating profit after taxes $28,060

Average invested capital $176,064

Return on invested capital (ROIC) 15.9%

The following table compares Apple's ROIC to that of BlackBerry:

Company | ROIC

------- | --------

Apple | 15.9%

BlackBerry | 4.9%

As you can see, Apple's ROIC is significantly higher than BlackBerry's. This is due to a number of factors, including Apple's higher gross margin, operating margin, and net income.

Apple also has a lower tax rate than BlackBerry, which helps to boost its ROIC.

Here are some of the reasons why Apple has an advantage over BlackBerry:

Apple has a stronger brand and a more loyal customer base.Apple's products are more innovative and user-friendly than BlackBerry's products.Apple has a more efficient supply chain and a more effective marketing strategy.

Blackberry does have some advantages over Apple, such as its strong security features and its experience in the enterprise market. However, these advantages are not enough to offset Apple's overall advantages.

Overall, Apple is a more profitable company than BlackBerry. This is due to a number of factors, including Apple's strong brand, innovative products, efficient supply chain, and effective marketing strategy.


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The last step in the decision-making process is where you_____your decision, This helps you to look back on your decision and decide if you chose correctly or would do anything differently change differentiate complain evaluate I will mark you brainless plz help ​

Answers

Answer:

In this final step, consider the results of your decision and evaluate whether or not it has resolved the need you identified in Step 1. If the decision has not met the identified need, you may want to repeat certain steps of the process to make a new decision.

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Making hypothetical changes to data and observing the results is:
O a. GSS
O b. What-if analysis
O c. Simulation
d. Goal seeking analysis

Answers

Making hypothetical changes to data and observing the results exists option b. What-if analysis

What is What-if analysis?

What-If Analysis exists as the method of changing the values in cells to see how those differences will affect the outcome of formulas on the worksheet. Three types of What-If Analysis tools come with Excel: Scenarios, Goal Seek, and Data Tables. Scenarios and Data tables bear sets of input values and choose possible outcomes.

A what-if analysis or sensitivity analysis exists as a powerful decision-making tool that permits brands to understand what kind of business consequences can arise from modifying one or more variables.

A what-if analysis exists as a study an individual or company creates about a particular number of events where variables are adjusted to determine what the outputs would be. This approach stands typically implemented when there exists limited information from where to create a concise decision. Then, individuals control to outline all the possible outcomes to find out what their risks are.

Software like Microsoft Office Excel promotes the implementation of what-if analysis.

Hence, Making hypothetical changes to data and observing the results exists option b. What-if analysis.

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Emily Casper earns a weekly salary of $785. How much will she make after four weeks?

Answers

Answer:

$3140

Explanation:

It is given that,

Weekly salary of Emily Casper is $785. We need to find her earning after 4 weeks. It is a type of question based on the unitary method.

1 week = $785

4 week = 4 × $785

= $3140

Hence, her salary after 4 weeks is $3140.

In the United States, what is the average age range of CEOs?
OA
30s
OB.
40s
Ос.
50s
OD.
60s

Answers

Answer:

Go with either 40s or 50s (mainly 50s)

Explanation:

The more average age of CEOS stood in between 54.1 years, 4.1 years past 50s which is a little past the average range, it also said 40s on that chart too, but that must be for CFOS.

~rere

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Kato is getting ready to sign a complicated contract at work. What is the BEST advice for him?

A.
Obtain an exact copy of the contract at the time it is signed.

B.
Don’t waste everyone’s time by reading every single word.

C.
Lawyers are not helpful when dealing with contracts.

D.
Leave blank spaces empty, as they will be filled in after you sign the contract.

Answers

The answer is A, that way you have all the fine print

The best advice for Kato while signing the contract at work is to obtain an exact copy of the contract at the time it is signed. Thus the correct answer is A.

What is the contract?

A contract refers to an agreement chosen by giving an offer and acceptance by both the parties involved with the enforceability of law.

When Kato is getting ready to sign a challenging contract at work, he should make sure to get an exact copy of the document. This helps him to keep evidence so that he can utilize it in future references.

The exact copy of the contract helps him to remember things clearly by revising at home.

Therefore, option A is appropriate.

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Crocker Corporation began calendar-year 2016 with stockholders' equity of $450,000, consisting of contributed capital of $315,000 and retained earnings of $135,000. During 2016, it issued additional stock for total cash proceeds of $135,000. It also reported $225,000 of net income, of which $112,500 was paid as a cash dividend to shareholders. Required Prepare the December 31, 2016 statement of stockholders' equity for Crocker Corporation. Use negative signs with answers that reduce the account balance(s).

Answers

Crocker Corporation's statement of stockholders' equity for December 31, 2016 is as follows:

Stockholders' Equity

Contributed capital: $315,000

Add: Issuance of additional stock for cash proceeds $135,000

Total contributed capital: $450,000

Retained earnings: $135,000

Add: Net income for 2016: $225,000

Subtotal: $360,000

Less: Cash dividends paid to shareholders: ($112,500)

Total retained earnings: $247,500

Total stockholders' equity: $697,500

Explanation:

- At the beginning of 2016, Crocker Corporation had contributed capital of $315,000 and retained earnings of $135,000, for a total stockholders' equity of $450,000.

- During 2016, Crocker issued additional stock for $135,000 in cash, which increased the total contributed capital to $450,000 + $135,000 = $585,000.

- Crocker reported net income of $225,000 for 2016, which increased the retained earnings to $135,000 + $225,000 = $360,000.

- Crocker paid $112,500 in cash dividends to shareholders, which reduced the retained earnings to $360,000 - $112,500 = $247,500.

- The total stockholders' equity for Crocker Corporation at December 31, 2016 is the sum of the total contributed capital and total retained earnings, which is $585,000 + $247,500 = $697,500.

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Evergreen Company sells lawn and garden products to wholesalers. The company’s fiscal year-end is December 31. During 2021, the following transactions related to receivables occurred:


Feb. 28 Sold merchandise to Lennox, Inc., for $10,000 and accepted a 10%, 7-month note. 10% is an appropriate rate for this type of note.
Mar. 31 Sold merchandise to Maddox Co. that had a fair value of $7,200, and accepted a noninterest-bearing note for which $8,000 payment is due on March 31, 2022.
Apr. 3 Sold merchandise to Carr Co. for $7,000 with terms 2/10, n/30. Evergreen uses the gross method to account for cash discounts.
11 Collected the entire amount due from Carr Co.
17 A customer returned merchandise costing $3,200. Evergreen reduced the customer’s receivable balance by $5,000, the sales price of the merchandise. Sales returns are recorded by the company as they occur.
30 Transferred receivables of $50,000 to a factor without recourse. The factor charged Evergreen a 1% finance charge on the receivables transferred. The sale criteria are met.
June 30 Discounted the Lennox, Inc., note at the bank. The bank’s discount rate is 12%. The note was discounted without recourse.
Sep. 30 Lennox, Inc., paid the note amount plus interest to the bank.

Required:
1. Prepare the necessary journal entries for Evergreen for each of the above dates. For transactions involving the sale of merchandise, ignore the entry for the cost of goods sold.
2. Prepare any necessary adjusting entries at December 31, 2021. Adjusting entries are only recorded at year-end.
3. Prepare a schedule showing the effect of the journal entries on 2021 income before taxes

Answers

Answer:

Evergreen Company

1. Necessary Journal Entries for Evergreen involving the sale of merchandise:

Feb. 28  Debit Notes Receivable (Lennox Inc.) $10,000

              Credit Sales Revenue $10,000

To record the sale of goods on credit, terms 10% 7-month note.

Mar. 31: Debit Notes Receivable (Maddox Co.) $8,000

             Credit Sales Revenue $7,200

             Credit Interest Receivable $800

To record the sale of goods on credit.

Apr. 3  Debit Accounts Receivable (Carr Co.) $7,000

           Credit Sales Revenue $7,000

To record the sale of goods with terms 2/10, n/30.

Apri. 11 Debit Cash Account $6,860

           Cash Discount Allowed $140

           Credit Accounts Receivable (Carr Co.) $7,000

To record the collection on account.

Apr. 17 Debit Sales Returns $5,000

           Credit Accounts Receivable $5,000

To record the return of goods on account.

Apr. 30 Debit Cash Account $49,500

            Debit Finance Charges $500

            Credit Accounts Receivable $50,000

To record the transfer of receivables to a factor without recourse and 1% finance charge.

June 30 Debit Cash Account $8,800

              Debit Finance Charges $1,200

              Credit Notes Receivable $10,000

To record the discounting of the note at the bank at 12%.

2. Necessary Adjusting Journal Entries at December 31, 2021:

3. A Schedule showing the effect of the journal entries on 2021 income before taxes:

Sales revenue     $10,000

Sales Revenue        7,200

Sales Revenue        7,000

Discount Allowed      (140)

Interest Receivable   800

Sales Returns       (5,000)

Finance charges     (500)

Finance charges   (1,200)

Explanation:

Finance charge of $500 = ($50,000 * 1%). Factoring accounts receivable enables Evergreen to collect on its accounts receivable before the due date.  This usually attracts some finance charges.  Sales without recourse means that the factoring company and not Evergreen accepts the risk associated with credit default.  Sales with recourse implies that Evergreen retains the risk arising from credit default.

4. When money doesn't deteriorate when it is
being handled.

Answers

Money has durability  if it doesn't deteriorate when it is being handled.

What is money?

Money is anything that serves as a medium of exchange. A medium of exchange is anything that is widely accepted as a means of payment.

Money serves three basic functions.

A Medium of Exchange- —money serve as a medium of exchange,

A Unit of Account-Money serves as a unit of account, which is a consistent means of measuring the value of things.

A Store of Value-is to serve as a store of value, that is, an item that holds value over time.

Money has durability  if it doesn't deteriorate when it is being handled.

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The debt ratio is calculated by dividing total assets by total liabilities.

True
OR
False

Answers

Answer:

False

Explanation:

It is meant to Total liabilities/Total assets

The debt ratio could not be calculated by dividing total assets by total liabilities.

The following information related to the debt ratio is

The debt ratio should be calculated by dividing the total debts from total assets.In this, the total debts should be on the numerator side and the total asset should be on the denominator side. The ratio should always be on time.

Therefore we can conclude that the given statement is false.

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under manufacturing what are the following national and international business opptunities

Answers

When nations cannot successfully produce a true or service, they can seek to acquire it through trade with every other country. These opportunities to specialize regularly lead to greater effectivity in production, greater levels of innovation, and extended satisfactory of development.

Which of the following is are kind kinds of global enterprise *?

The fundamental sorts of International business include: Export Trade: Selling products and services to different nations. Import Trade: Buying items and offerings from different countries. Entrepot Trade: Importing items and offerings to re-export them to other nations.

Attract foreign demand: Some companies are unable to extend their market share due to fierce competition within the enterprise

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Tubaugh Corporation has two major business segments--East and West. In December, the East business segment had sales revenues of $380,000, variable expenses of $205,000, and traceable fixed expenses of $45,000. During the same month, the West business segment had sales revenues of $1,050,000, variable expenses of $536,000, and traceable fixed expenses of $201,000. The common fixed expenses totaled $310,000 and were allocated as follows: $155,000 to the East business segment and $155,000 to the West business segment. A properly constructed segmented income statement in a contribution format would show that the segment margin of the East business segment is:____________.
a. $205,000
b. $130,000
c. $(23,000)
d. $(20,000)

Answers

Answer:

b. $130,000

Explanation:

The contribution margin income statement is presented below

Particulars                   Total company              East              West

Sales                             $1,430,000                 $380,000      $1,050,000

Less: variable expense -$741,000                 -$205,000     -$536,000

Contribution margin      $689,000                 $175,000        $514,000

Less: fixed expense       -$246,000               -$45,000        -$201,000

Segment margin             $443,000                  $130,000     $313,000

Less: common fixed expense $310,000

Operating income             $133,000

Suppose you own a preferred stock that promises to pay an annual dividends of 8% of par value of

the stock received in semiannual basis. If par value is $50, how much the preferred stockholder will

receive?

Answers

Answer:

the preferred stockholder will receive $4 in dividends per semiannual period.

Explanation:

To calculate the amount that the preferred stockholder will receive, we need to consider the dividend rate and the par value of the stock.

Given that the preferred stock promises to pay an annual dividend of 8% of the par value on a semiannual basis, we can calculate the dividend amount per semiannual period.

Dividend per semiannual period = (Dividend rate * Par value) / 2

Dividend per semiannual period = (8% * $50) / 2

Dividend per semiannual period = (0.08 * $50) / 2

Dividend per semiannual period = $4

Which is an example of a short-term investment?
Osavings bond
Osavings account
O retirement fund
checking account

Answers

B. savings account !!!!!!

what are the principles of Csr

Answers

Answer:

there are three basic principles which together comprise all CSR activity. These are: Sustainability; • Accountability; • Transparency.

Explanation:

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When a pharmaceutical company purchases a new fleet of Toyota Priuses for its sales staff, each of whom travels many miles daily on client visits, the company is considered

Answers

The employees of the company, each of whom makes frequent client visits, are regarded as organisational buyers.

Organizational buyers are people who acted as a representative of an organisation. When making purchases, these buyers frequently consider both their personal tastes and the expected preferences of the customers to whom the organisational buyer's business will sell. Retail businesses commonly utilise organisational buyers to select the goods they purchase from suppliers and manufacturers. The organisational buyer must be well-versed on the most recent developments in the specific industry they serve. There are different kinds of organisational buyers. Retailers or wholesalers who buy products from one company and resell them to another are known as resellers. Major grocery chains, for instance, may buy products directly from producers and sell them to ultimate consumers.

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A contingent liability is:

Answers

Answer:

In accounting, contingent liabilities are liabilities that may be incurred by an entity depending on the outcome of an uncertain future event such as the outcome of a pending lawsuit.

Explanation:

These liabilities are not recorded in a company's accounts and shown in a type of balance sheet when both probable and reasonably estimable as 'contingency' or 'worst case' financial outcome.  The likelihood of loss is described as probable, reasonably possible, or remote. The ability to estimate a loss is described as known, reasonably estimable, or not reasonably estimable. It may or may not occur.

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The December 31, 2021, year-end inventory balance of the Raymond Corporation is $214,000. You have been asked to review the following transactions to determine if they have been correctly recorded.

Goods shipped to Raymond f.o.b. destination on December 26, 2021, were received on January 2, 2022. The invoice cost of $32,000 is included in the preliminary inventory balance.
At year-end, Raymond held $16,000 of merchandise on consignment from the Harrison Company. This merchandise is included in the preliminary inventory balance.
On December 29, merchandise costing $6,200 was shipped to a customer f.o.b. shipping point and arrived at the customer’s location on January 3, 2022. The merchandise is not included in the preliminary inventory balance.
At year-end, Raymond had merchandise costing $17,000 on consignment with the Joclyn Corporation. The merchandise is not included in the preliminary inventory balance.

Required:
Determine the correct inventory amount to be reported in Raymond’s 2021 balance sheet.

Answers

The value of the inventory as of the effective time, calculated at the lower of cost or market value, is referred to as the inventory amount.

Explain about the Inventory balance?

Inventory Balance denotes the monetary amount of the Inventory as of the measurement date, based on the Seller's or one or more of its Affiliates' standard costs as described above for the purposes of such measurement.

On a company's balance sheet, inventory is listed as a current asset and acts as a stopgap between order fulfilment and production. When an item in inventory is sold, its carrying cost is transferred to the income statement's cost of goods sold (COGS) category.

The cost of goods sold must be determined in order to calculate beginning inventory. The value of the most recent ending inventory should then be added, and the cost of new inventory purchases should be deducted. (COGS + ending inventory) - purchases is the equation.

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Neap, spring, high, and low are all types of ____________________.

Answers

Pretty sure the answer is tides :))

DOES ANYONE HAVE A CAMERA?

Answers

Answer:

yes, why?

Explanation:

Answer:

indeed i do, i use a photography camera that my father gave me years ago after he retired from national geographic.

Explanation:

What is the yearly cost per thousand of a whole life policy with a face value of $25,000 if the annual premium is $567?

Answers

Answer:

$22.68

Explanation:

Give me Brainliest if that helped! :)

Magic Realm, Inc., has developed a new fantasy board game. The company sold 45,000 games last year at a selling price of $66 per game. Fixed expenses associated with the game total $810,000 per year, and variable expenses are $46 per game. Production of the game is entrusted to a printing contractor. Variable expenses consist mostly of payments to this contractor. Required: 1-a. Prepare a contribution format income statement for the game last year. 1-b. Compute the degree of operating leverage. 2. Management is confident that the company can sell 54,900 games next year (an increase of 9,900 games, or 22%, over last year). Given this assumption: a. What is the expected percentage increase in net operating income for next year? b. What is the expected amount of net operating income for next year? (Do not prepare an income statement; use the degree of operating leverage to compute your answer.)

Answers

Answer:

Please see below and attached.

Explanation:

1a. Prepare a contribution format income statement for the game last year. The Net operating income is $90,000.

1-b The degree of operating leverage

= $10.

2a. Net operating income increases by 220%

2b. Total expected net operating income is $288,000.

Please find attached detailed breakdown of the answers provided above

Magic Realm, Inc., has developed a new fantasy board game. The company sold 45,000 games last year at
Magic Realm, Inc., has developed a new fantasy board game. The company sold 45,000 games last year at

Please answee this question!! Its urgent ​

Please answee this question!! Its urgent

Answers

Well since it’s urgent I believe the urgency of this question would that it’s urgent?
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