The appropriate adjustment to the statement of cash flows is an option c) Increase by $86,000.
Depreciation and Amortization are non-cash expenses that are added back to Net Income to calculate cash flow from operating activities using the indirect method.
Both costs are listed in the operating expense side in this income statement under plant & equipment depreciation and amortization.
Increase net income by the costs charges in order to adjust net income for depreciation and amortization.
Depreciation and amortization in fiscal year December 31, 2014 were -
Add depreciation and amortization -
\(\displaystyle{\displaylines{60000+20000+6000 = 86000}}\)
Therefore, the appropriate adjustment to the statement of cash flow is option c) Increase by $86,000.
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Nakia is trying to decide how to structure her business. She knows that it is important for her to make money selling hair care products to people who care about the environment. Which of the following would you recommend based on her business goals?
a) Make hair products that hurt the environment, and donate any extra money to non-profits
b) Write a mission statement that says her hair care line is sustainable, even if it isn’t
c) Start a non-profit organization that helps the environment
d) Sell a sustainable hair care product and work to be certified as a benefit-corporation
Based on her business goals it is recommended that she should Sell a sustainable hair care product and work to be certified as a benefit corporation. Thus the correct option is D.
What is Business?An economic activity that involves the exchange of goods and services with teh help of buying and selling with the objective to gain some profit is called Business.
In the given case it is indicated that Nakia is trying to structure her business by selling hair care products to people who care about the environment which helps in making revenue.
In order to generate more revenue and better customer satisfaction she should sell a sustainable hair care product that does not cause any harm to the environment and succeed in the expectations of the customer.
Therefore, option D is appropriate.
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Agan Interior Design provides home and office decorating assistance to its customers. In normal operation, an average of 2.9 customers arrive each hour. One design consultant is available to answer customer questions and make product recommendations. The consultant averages 10 minutes with each customer.
A. Compute the operating characteristics of the customer waiting line, assuming Poisson arrivals and exponential service times. If required, round your answers to four decimal places.
Lq =
L =
Wq = hours
W = hours
Pw =
B. Service goals dictate that an arriving customer should not wait for service more than an average of 6 minutes. Is this goal being met? If not, what action do you recommend? Yes or No
C. If the consultant can reduce the average time spent per customer to 8 minutes, what is the mean service rate? If required, round your answer to one decimal place.
------ customer per hour
Will the service goal be met? Yes or No
A. Operating characteristics:
Lq ≈ 0.5017, L ≈ 0.9377, Wq ≈ 0.1730 hours, W ≈ 0.5063 hours, Pw ≈ 0.4833
B. Service goal: Not met. Action recommended.
C. Mean service rate: 7.5 customers/hour.
If the consultant can reduce the average time spent per customer to 8 minutes, then the average time a customer spends in the system will be 0.33 hours (20 minutes).
A. To compute the operating characteristics of the customer waiting line:
Arrival rate (λ) = 2.9 customers/hour
Service rate (μ) = 60 minutes / 10 minutes per customer = 6 customers/hour
Average number of customers in the queue (Lq):
Lq = (λ^2) / (μ * (μ - λ)) ≈ 0.5017
Average number of customers in the system (L):
L = λ / (μ - λ) ≈ 0.9377
Average waiting time in the queue (Wq):
Wq = Lq / λ ≈ 0.1730 hours (approximately 10.38 minutes)
Average waiting time in the system (W):
W = Wq + (1 / μ) ≈ 0.5063 hours (approximately 30.38 minutes)
Probability of a customer waiting in the queue (Pw):
Pw = λ / μ ≈ 0.4833
B. The service goal is that an arriving customer should not wait for service more than an average of 6 minutes. However, the average waiting time in the system (W) is approximately 30.38 minutes, exceeding the goal. Therefore, the service goal is not being met.
Action recommendation: To meet the service goal, I would recommend taking the following actions:
Increase staffing: Hire additional design consultants to handle customer questions and product recommendations.
Improve efficiency: Streamline processes and provide training to the consultant to reduce the time spent with each customer.
Appointment scheduling: Implement a system for customers to schedule appointments, ensuring dedicated time slots for each customer and minimizing waiting times.
Self-service options: Provide self-service resources or online tools where customers can access basic information and make preliminary decisions, reducing the need for extensive consultations.
C. If the consultant can reduce the average time spent per customer to 8 minutes, the mean service rate can be calculated as follows:
Mean service rate (μ) = 60 minutes / 8 minutes per customer ≈ 7.5 customers/hour
Will the service goal be met? Yes
If the consultant can reduce the average time spent per customer to 8 minutes, then the average time a customer spends in the system will be 0.33 hours (20 minutes). This is less than the service goal of 6 minutes, so the goal will be met.
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What is something I can create or invent that hasn't been invented yet, that could make me a millionaire?
Explanation:
The products and services offered today through economic systems exist to satisfy human needs. The higher the level of satisfaction of needs met, the greater the positioning of a product or service that can make an individual millionaire.
To create or invent something that does not yet exist and be extremely profitable, it is necessary to think about human priorities, such as health and technology. An invention that could be successful would be the development of a cure for diseases such as drugs that destroy cancer cells and create other healthy cells without side effects to humans, or in the current world context, an inexpensive and easily developed anti-coronavirus drug.
How can i earn from Brainly
Someone is there to help me
Plzzzzzzzzzzzzzzzzzzzzzzzzz
Answer:
just answer an any questions
so that you can have a points
Explanation:
pa brainlest po
You are given the following information for Lightning Power Company. Assume the company’s tax rate is 24 percent.
Debt: 9,000 5.8 percent coupon bonds outstanding, $1,000 par value, 24 years to maturity, selling for 106 percent of par; the bonds make semiannual payments.
Common stock: 420,000 shares outstanding, selling for $60 per share; beta is 1.11.
Preferred stock: 18,000 shares of 3.6 percent preferred stock outstanding, a $100 par value, selling for $81 per share.
Market: 5 percent market risk premium and 4.6 percent risk-free rate.
What is the company's WACC?
The Weighted Average Cost of Capital (WACC) for Lightning Power Company is 9.84%.
To calculate the Weighted Average Cost of Capital (WACC) for Lightning Power Company, we need to determine the cost of each component of its capital structure and their respective weights. The WACC is the weighted average of these costs.
Cost of Debt:
The debt component consists of 9,000 bonds with a 5.8 percent coupon rate, a $1,000 par value, and selling for 106 percent of par. The semiannual coupon payment is calculated as (5.8% * $1,000) / 2 = $29.
The current market price of the bond is 106% of $1,000, which is $1,060. The yield to maturity (YTM) can be calculated using financial calculators or Excel. Let's assume the YTM is 4.5%. Therefore, the cost of debt is 4.5%.
Cost of Common Stock:
The cost of common stock is determined using the Capital Asset Pricing Model (CAPM). The risk-free rate is given as 4.6%, and the market risk premium is 5%. The beta for Lightning Power Company's common stock is 1.11.
Using the CAPM formula: Cost of equity = Risk-free rate + Beta * Market risk premium. Therefore, the cost of equity is 4.6% + 1.11 * 5% = 9.71%.
Cost of Preferred Stock:
The cost of preferred stock is the dividend yield, which is the preferred dividend divided by the market price per share. The preferred stock has a 3.6% dividend yield, and it is selling for $81 per share. Therefore, the cost of preferred stock is 3.6% / $81 = 4.44%.
Next, we need to determine the weights of each component based on their market values. The market value of debt is 9,000 * $1,060 = $9,540,000. The market value of common stock is 420,000 * $60 = $25,200,000.
The market value of preferred stock is 18,000 * $81 = $1,458,000. The total market value of the company's capital structure is $36,198,000.
Now we can calculate the WACC using the formula:
WACC = (Weight of Debt * Cost of Debt) + (Weight of Equity * Cost of Equity) + (Weight of Preferred Stock * Cost of Preferred Stock).
Weight of Debt = $9,540,000 / $36,198,000 = 0.2639 (26.39%)
Weight of Equity = $25,200,000 / $36,198,000 = 0.6961 (69.61%)
Weight of Preferred Stock = $1,458,000 / $36,198,000 = 0.0401 (4.01%)
Plugging in the values, we get:
WACC = (0.2639 * 4.5%) + (0.6961 * 9.71%) + (0.0401 * 4.44%) = 2.88% + 6.78% + 0.18% = 9.84%.
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Write the quadratic equation in standard form that corresponds to the graph shown below.
The quadratic equation of the graph in standard form is y = x² + 2x - 8
What is a quadratic equation in standard form?A quadratic equation in standard form is given by y = ax² + bx + c
Given the graph below, to write the quadratic equation for the graph in s tandard form, we notice that the graph has two x - intercepts at
(-4, 0) and(2, 0)The x - intercepts are the roots of the quadratic equation.
So, we have that
x = -4 andx = 2So,
x + 4 = 0 andx - 2 = 0So, the factors of the quadratic equation are
x + 4 andx - 2So, multiplying the factors, we have that the equation is
y = (x + 4)(x - 2)
= x² - 2x + 4x + 4 × (-2)
= x² - 2x + 4x - 8
= x² + 2x - 8
So, the quadratic equation is y = x² + 2x - 8
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Propose your top three potential social causes for your organization and why your selected social cause or issue is a good match with your chosen corporation for creating a corporate social responsibility (CSR) campaign.
By selecting a social cause that aligns with their values and corporate goals, companies can create a CSR campaign that resonates with stakeholders and helps to build a positive reputation for their brand.
There are various social causes that companies may choose to support, depending on their corporate social responsibility goals. Here are the top three social causes that I would recommend for an organization, along with reasons why they are good matches for creating a CSR campaign:1. Environmental conservation: Protecting the environment and promoting sustainable practices is a social cause that has gained widespread attention in recent years.
As climate change continues to be a pressing issue, businesses that take a proactive approach to reducing their carbon footprint can establish themselves as responsible and sustainable entities. This is a good match for companies that have a large environmental impact, such as those in the manufacturing or transportation sectors. A CSR campaign focused on environmental conservation can include initiatives such as reducing waste, using renewable energy sources, and promoting eco-friendly practices among employees and customers.
2. Education: Investing in education is one of the most effective ways to support social development and empower individuals and communities. For companies that want to create a CSR campaign that has a tangible impact on people's lives, education is a great choice. This is especially relevant for companies that have a strong local presence and want to support the communities in which they operate. A CSR campaign focused on education can include initiatives such as donating educational resources to schools, providing scholarships to students, or organizing workshops and training programs for employees and community members.
3. Health and wellness: Promoting health and wellness is a social cause that has become increasingly relevant in light of the COVID-19 pandemic. Companies that prioritize the well-being of their employees and customers can create a positive image for themselves and build strong relationships with stakeholders. This is a good match for companies in the healthcare or hospitality sectors, as well as those that offer wellness-related products or services.
A CSR campaign focused on health and wellness can include initiatives such as promoting healthy lifestyles, providing access to healthcare services, or supporting mental health awareness and treatment programs.Overall, each of these social causes has the potential to create a meaningful and lasting impact, both for the company and the communities it serves.
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"if Washburn achieves the sales target of 2,000 units at the $349 retail price, what will its profit be?"
Answer: $370,000
Explanation:
Your question isn't complete as there were some further questions asked before getting to this question.
The profit from 2,000 units at $349 will be:
Profit = Total revenue – Total cost
Total revenue = (P x Q)
= $349 x 2000
= $698000
Total cost = [FC + (UVC x Q)]=
= [$38,000 + ($145 x 2,000)]
=$38000 + $290000
= $328000
Profit = Total revenue - Total cost
Profit = $698000 - $328000
Profit = $370000
For Wildhorse Company, variable costs are 68% of sales, and fixed costs are $199,000. Management’s net income goal is $77,800. Compute the required sales in dollars needed to achieve management’s target net income of $77,800. (Use the contribution margin approach.)
Answer: $865000
Explanation:
Contribution margin ratio would be gotten as:
= 100% - 68%
= 32%
= 0.32
Then, the desired sales would be:
= (Fixed cost + desired profit) / CM ratio
= (199,000 + 77800) / 0.32
= 276800 / 0.32
= $865000
As a result of a depreciation of the dollar relative to the Euro, the equilibrium Euro price of US imports will
Answer:
fall
Explanation:
Depreciation is the decline in the value of a currency. When the dollar declines in value relative to the Euro, it means that the value of the dollar has declined relative to the Euro.
For example, let us assume that the exchange rate at the beginning and the end of the year are :
£1 - $10
£1 - $20
respectively
This shows that the dollar has depreciated and the euro has appreciated.
As a result, it would be cheaper for countries whose currency is the Euro to buy goods from a country whose currency is the dollar. So, the equilibrium Euro price of US imports will fall.
You decide to attend college next fall. List 3 or more opportunity costs and 3 or more opportunity benefits of ading college next fall.
Answer:
Explanation:
Opportunity Costs for going to college
1. Cost of college tuition
2. Loss of income for getting a job right away instead of going to college
3. Time spend at college could be used of something else such as a hobby
Benefits for going to College
1. Getting a job with a higher salary
2. More job opportunities being available (i.e. jobs that require you be attending college or already have college degree)
3. Life experience you may gain attending college (such as mentoring from professors, joining clubs, etc.)
Trump or Biden
Why?
Give a good explanation
Answer:
Biden
Explanation:
Trump seemed to be a bit toooo bigoted for me.
Also he's orange, whats up with that?
Kinda didnt like the whole wall thing to be honest. :/
But that's just me i guess, so yee id pick Biden.
Plus Trump is racist. And yeah Biden isnt perfect either but Trump said some very questionable stuff...
what about you?
A short-term job or work project that can be paid or unpaid and can lead to a full-time, paying position is called a(n) _____.
a.
job shadow
b.
temp job
c.
internship
d.
cooperative program
Please select the best answer from the choices provided
A
B
C
D
Answer:
its called an internship so c
Answer:
The answer is C. internship
Explanation:
A short-term job or work project that can be paid or unpaid and can lead to a full-time, paying position is called an internship.
Devin graduated with an associate degree in web development. By
increasing his education, what is Devin less likely to experience?
Select the best answer.
By increasing his education, Devin is less likely to experience limited career opportunities.
Obtaining a higher level of education beyond an associate degree can significantly broaden Devin's prospects in the job market. Higher education, such as a bachelor's or master's degree, provides individuals with a more in-depth knowledge base, enhanced skills, and a broader understanding of their field.
With a higher level of education, Devin is likely to have access to a wider range of job opportunities. Many employers prefer candidates with advanced degrees for positions that require specialized knowledge and expertise. Devin's increased education can make him a more competitive candidate and open doors to higher-level roles with greater responsibilities and potential for career advancement. Additionally, higher education can lead to higher earning potential. Research consistently shows a positive correlation between educational attainment and income levels, with individuals holding advanced degrees often earning higher salaries compared to those with lower levels of education.
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Profit equals the total amount of money made minus
O expenses.
O prices.
revenue.
O supply.
Profit equals the total amount of money made minus expenses.
What is a profit?Profit can be best defined as gain, especially when achieved by increasing the price of goods.
Here, the money paid by consumers outweighs the cost to the producer, leaving a sizeable return on what has been paid out.
Once expenses and costs have been covered, profit is the money left over.
Hence, profit equals the total amount of money made minus expenses.
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The profit equivalent to the total money made less expenses.
Option A is correct.
What is revenue?Revenue is the amount being received to the company after deducting charges incurred. It could be derived from the statement of profit or loss.
When a company incurs cost on the production of goods or services for the consumers, then the cost spent is to be treated as expenses. It is also called as charges. The amount made by a company is called as sales revenue. When the profit is received to the company, then it is actually the difference of what has been made by company and what has been spent by company.
Therefore, the correct option is written in option A.
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You are an economics professor teaching large sections of Principles courses this semester. Within the first week of class,
several students have approached you with concerns about exam and homework due dates. They fear they won't do well
because the due dates for your class conflict with the dates for their other classes. You want to allocate exam and homework
due dates to the days most valued by students, but sifting through the opinions of hundreds of students presents a challenge.
The MOST efficient allocation would result if you:
design a predictions market for students to designate when they think the dates will be.
b. create an internal market for students to bid for their preferred dates.
C.
use your centralized power as a professor to assign the dates without student input.
d. determine that you have a knowledge problem when assigning dates
The MOST efficient allocation of exam and homework due dates for students who have concerns due to conflicting schedules with other classes is to create an internal market for students to bid for their preferred dates.The correct answer is option-b.
A market is the most efficient mechanism for allocating goods and services according to the preferences of consumers. Students who have conflicting schedules can bid for their preferred exam and homework due dates through an internal market.
This method has the advantage of providing the exam and homework due dates to those who are willing to pay the most for them. By using the internal market, the professor can allocate the dates in the most efficient manner without sifting through the opinions of hundreds of students.
This method is also fair as it gives students the opportunity to choose their preferred dates based on their schedule constraints, and it reflects the value that students place on certain exam and homework due dates.
Therefore, the correct answer is option-b.
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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
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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The Aleutian Company produces two products, Rings and Dings. They are manufactured in two departments—Fabrication and Assembly. Data for the products and departments are listed below. Product Number of units Labor hrs per unit Machine hours per unit Rings 1,000 4 6 Dings 2,000 3 9 All of the machine hours take place in the Fabrication Department, which has an estimated overhead of $90,000. All of the labor hours take place in the Assembly Department, which has an estimated total overhead of $105,000. The Aleutian Company uses departmental overhead rates. The Fabrication Department uses machine hours for an allocation base, and the Assembly Department uses labor hours. What is the Fabrication Department overhead rate per machine hour?
Answer:
$3.75
Explanation:
The computation of the fabrication department overhead rate per machine hour is shown below:
But before that first determine the following calculations
The Total number of hours is
= 1,000 ×6 + 2,000 × 9
= 6,000 + 18,000
= 24,000
And, the total estimated overhead is $90,000
So, the overhead rate per machine hour for the fabrication department is
= $90,000 ÷ 24,000 hours
= $3.75
Compare and contrast the protection to intellectual property provided by trade secrets relative to that provided by patents. What important defense is available to defendants in trade secret cases that is not available to patent infringement defendants?
Answer:
1. Protection to trade secrets and patents:
a. Trade secrets are protected indefinitely. Generally, patents are granted for a maximum of 20 years.
b. The owner of a trade secret does not need to pay annual fee to defend the secret. A patent holder is required to pay an annual fee, in order to make the patent enforceable.
2. Important defense for defendants in trade secret cases that is not available to patent infringement defendants:
The defendant in a trade secret case will cite that the secret is still commercially valuable. But a patent holder cannot cite this because the patent is granted for a maximum of 20 years to stop stifling innovation.
Explanation:
Both trade secrets and patents are intellectual property rights which confer on their owners the exclusive use of their intellectual property. The major differences are in the duration and the defense of the rights. Patents, unlike trade secrets, do not last forever. Patents, again unlike trade secrets, must be defended periodically through the payment of fees.
I am better at my job than most of the other people who have the same job title agree or disagree
Disagreed. You cannot say that you are better at your job than others who have the same job title.
How to answer questionnaire questions?While providing the answer to a questionnaire, it is very important that a person would try to be as truthful as possible.
The reason they have to be truthful is so that they would be able to give the best answer that would be useful for the research.
In a question like this, I used disagreed because it is not possible that you have met all of the persons that have the same job description as you do.
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Providing and recording documents are performed by:____________.
i. The closing agent
ii. The Certified signing agent
iii. The loan agent
Providing and recording documents are performed by : The closing agent
Who is a closing agent?Closing agents are basically professionals who acts directly for the buyer by making interest of the buyer known to the seller. They are usually associated with real estate transactions.
A closing agent could be a lawyer speaking to a bank or lender. The actual closing is conducted by a closing agent who might be a worker or employee of the lender or the title company or organization.
Other duties of a closing agent are :
Ordering title work and a property survey.Issuing commitment title.Assisting with obtaining requisite insuranceIssuing and sending the title insurance policy to both the buyer and lenderAssembling the loan closing package .Therefore, closing agent responsible for providing and recording documents.
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Practice Your Skills
Messages for Analysis
Read the following documents and then (1) analyze the strengths and weaknesses of each sentence and (2) revise each document so that it follows this chapter's guidelines.
12-16. Message Strategies: Persuasive Claims and Requests for Adjustment [LO-21
Dear TechStar Computing:
I'm writing to you because of my disappointment with my new multimedia PC display. The display part works all right, but the audio volume is set too high and the volume knob doesn't turn it down. It's driving us crazy. The volume knob doesn't seem to be connected to anything but simply spins around. I can't believe you would put out a product like this without testing it first.
I depend on my computer to run my small business and want to know what you are going to do about it. This reminds me of every time I buy electronic equipment from what seems like any company. Something is always wrong. I thought quality was supposed to be important, but I guess not. Anyway, I need this fixed right away. Please tell me what you want me to do.
To analyze each sentence according to its strengths or weaknesses, you must review each document identifying writing techniques, which can be:
Sentence 1: Polite and indirect tone to state the problem without assigning blame.Sentence 2 and 3: The sentence is objective and direct about the problem, but does not provide the solution.Sentence 4 and 5: The sentence is not customer oriented.Sentence 6: The sentence conveys a polite request to the company.Sentence 7: The sentence asks for feedback and suggestions on how to solve the problem.What are writing techniques?They are strategies and methods used to create effective and engaging written communication. There are many different writing techniques, but some of the most common are descriptive language, metaphors, similes, active voice and the use of repetition.
Therefore, writing techniques are techniques used with the purpose of convincing and leading the reader to reflect on the message in question.
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A fitness center’s drink machine has been empty for two weeks.When the delivery person arrives to refill the machine the fitness centers manager complains that the fitness center has lost money what should the delivery person do
When the fitness center manager complains that the center has lost money due to the empty machine, the delivery person should show empathy, take ownership of the problem, and offer solutions that can help prevent future occurrences of the problem.
As a delivery person responsible for refilling a fitness center’s drink machine, the best approach to take when the fitness center manager complains that the center has lost money due to the empty machine is to show empathy, take ownership of the problem, and offer solutions that can help prevent future occurrences of the problem.
Here are some tips on how to respond to the fitness center manager’s complaint and help prevent future occurrences of the problem:
Show Empathy As a delivery person, it's important to show empathy by acknowledging the manager’s frustration with the situation. This can help establish trust with the manager and encourage them to view you as a helpful and reliable resource.
Take Ownership of the Problem It is also important to take ownership of the problem by accepting responsibility for the issue and demonstrating that you are willing to work with the manager to find a solution. By doing so, you can help the manager feel confident that you will take steps to prevent future occurrences of the problem.
Offer Solutions To prevent future occurrences of the problem, the delivery person should offer some solutions. For instance, the delivery person can schedule regular deliveries to ensure that the machine is always stocked, or create a system where the manager can request a refill if necessary. This will help prevent future occurrences of the problem.
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Roger Fox made deposits of $900 semiannually to Reed Bank at the end of each period, which pays 6% interest compounded semiannually. After seven years Roger made no more deposits. What will be the balance in the account eight years after the last deposit?
The balance in the account eight years after the last deposit is $24,676.68
What is an ordinary annuity?
Ordinary annuity means a fixed amount that would be paid over a period of time, with payments being made at the end of each period.
Like in this scenario, the $900 would be deposited every six months into the Reed Bank account for 7 years, in essence, our first task is to determine the balance in the account at the time of the last deposit in 7 years using the future value formula of an ordinary annuity as shown below:
FV=annuity payment*(1+r)^N-1/r
annuity payment=$900
r=semiannual interest rate=6%/2=0.03
N=number of semiannual payments in 7 years=7*2=14
FV=$900*(1+0.03)^14-1/0.03
FV=$900*(1.03)^14-1/0.03
FV=$900*(1.51258972485511-1)/0.03
FV=$900*0.51258972485511/0.03
FV=$15,377.69
The balance in the account eight years after the last deposit can be computed using the future value formula of single cash of $15,377.69
FV=PV*(1+r)^N
PV=balance at the time of the last deposit=$15,377.69
r=semiannual interest rate=6%/2=0.03
N=number of semiannual periods in 8 years=8*2=16
FV=$15,377.69*(1+0.03)^16
FV=$24,676.68
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Windborn Company has 15,000 shares of cumulative preferred 1% stock, $100 par and 50,000 shares of $30 par common stock.
The following amounts were distributed as dividends:
20Y1 $30,000
20Y2 12,000
20Y3 45,000
Common Stock
(dividends per share)
I cannot figure out Y1 or Y3
The dividends per share for the common stock in year 1 (Y1) is $0.60 per share, and in year 3 (Y3) is $0.90 per share.
To calculate the dividends per share for the common stock in year 1 (Y1) and year 3 (Y3), we need to determine the total dividends distributed and divide them by the number of common shares outstanding.
Given information:
Cumulative preferred stock: 15,000 shares, 1% dividend
Common stock: 50,000 shares, $30 par value
Dividends distributed:
Y1: $30,000
Y2: $12,000
Y3: $45,000
First, let's calculate the dividends per share for the cumulative preferred stock in each year.
Dividends per share for cumulative preferred stock = (Par value * Dividend rate) / Number of preferred shares
Dividends per share for cumulative preferred stock = ($100 * 1%) / 15,000 shares
Dividends per share for cumulative preferred stock = $1 / 15,000
Dividends per share for cumulative preferred stock = $0.000067 per share
Now, let's calculate the dividends per share for the common stock in year 1 (Y1) and year 3 (Y3).
For Y1:
Total dividends for common stock = Dividends distributed - (Dividends per share for cumulative preferred stock * Number of preferred shares)
Total dividends for common stock = $30,000 - ($0.000067 * 15,000)
Total dividends for common stock = $30,000 - $1.005
Total dividends for common stock = $29,998.995
Dividends per share for common stock in Y1 = Total dividends for common stock / Number of common shares
Dividends per share for common stock in Y1 = $29,998.995 / 50,000 shares
Dividends per share for common stock in Y1 = $0.5999799 per share (rounded to $0.60 per share)
For Y3:
Total dividends for common stock = Dividends distributed - (Dividends per share for cumulative preferred stock * Number of preferred shares)
Total dividends for common stock = $45,000 - ($0.000067 * 15,000)
Total dividends for common stock = $45,000 - $1.005
Total dividends for common stock = $44,998.995
Dividends per share for common stock in Y3 = Total dividends for common stock / Number of common shares
Dividends per share for common stock in Y3 = $44,998.995 / 50,000 shares
Dividends per share for common stock in Y3 = $0.8999799 per share (rounded to $0.90 per share)
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A water resources engineer is trying to run a cost-benefit analysis for a project. They need to first decide on the planning period (the benefits should be calculated over N years, and N should be determined). If N is too large, then the future benefits in those years (e.g. 70 years from now) will have a very low present value. Therefore, the engineer would like to cut off the planning period after a point when the present equivalent of benefits becomes less than 6.25% of that future benefit. If the interest rate is 8%, use the rule of 72 to determine the duration of the planning period (N).
Answer:
N = 36 years
Explanation:
Solution:
According to the 72 rule, present sum doubles in value, if the product of interest rate in percent and number of compounding period is 72.
So, We can say for every 9 years at 8 percent = 72 = present sum will be doubled.
Similarly, it will be doubled at 18 years., then 27 years, then 36 years and so on.
SO,
We need to find the P/F ratio, for the end of 0 years first.
Formula = (P/F, i, n) = \((1 + i)^{-n}\)
here,
i = 8%
n = 0 years.
P/F = \((1 + 0.08)^{-0}\) (Anything power zero = 1)
So, similarly, calculate this P/F ratio for every 9 years till present equivalent of benefits becomes less than 6.25% of that future benefit.
find the P/F ratio, for the end of 9 years:
Formula = (P/F, i, n) = \((1 + i)^{-n}\)
here,
i = 8%
n = 9 years.
P/F = \((1 + 0.08)^{-9}\)
P/F = 0.50
Amount = 2x
find the P/F ratio, for the end of 18 years:
Formula = (P/F, i, n) = \((1 + i)^{-n}\)
here,
i = 8%
n = 18 years.
P/F = \((1 + 0.08)^{-18}\)
P/F = 0.25
Amount = 4x
find the P/F ratio, for the end of 27 years:
Formula = (P/F, i, n) = \((1 + i)^{-n}\)
here,
i = 8%
n = 27 years.
P/F = \((1 + 0.08)^{-27}\)
P/F = 0.13
Amount = 8x
find the P/F ratio, for the end of 36 years:
Formula = (P/F, i, n) = \((1 + i)^{-n}\)
here,
i = 8%
n = 36 years.
P/F = \((1 + 0.08)^{-36}\)
P/F = 0.06 = P/F ratio percentage = 6%
Amount = 16x
Hence, N = 36 years because it is the value nearest to 6.25% required
find the P/F ratio, for the end of 45 years:
Formula = (P/F, i, n) = \((1 + i)^{-n}\)
here,
i = 8%
n = 45 years.
P/F = \((1 + 0.08)^{-45}\)
P/F = 0.03
Amount = 32x
Lolade was an employee of N&K Nigeria Ltd, while on duty at his
employer s workshop one day, a Splinter of steel which escaped during an operation by a fellow worker, Bolade, flew into Lolade' s eyes and blinded it. Although N&K Ltd provided goggles for each worker but Lolade seldom use his goggles. Lolade is contemplating a Legal Action against his employers. Advise
the parties?
Lolade, an employee of N&K Nigeria Ltd is contemplating legal action against his employers for an accident that occurred during work. Lolade was at his employer's workshop when a splinter of steel flew into his eyes, causing him to become blind.
Although N&K Ltd provided goggles for each worker, Lolade seldom used his goggles. In order to advise the parties involved in this case, the following points have to be considered:
Legal action against the employer: The first issue is whether Lolade can bring legal action against N&K Nigeria Ltd. It is important to note that under Nigerian law, employers have a duty of care to their employees. This duty requires the employer to provide a safe working environment for their employees. If an employer fails to provide a safe working environment and an employee is injured as a result, the employee may be able to bring legal action against the employer.
In this case, Lolade could bring a claim against N&K Nigeria Ltd for negligence in failing to provide a safe working environment. However, there is also a principle of contributory negligence. This means that if an employee contributes to their own injury, they may not be able to recover all of their damages. In this case, Lolade's failure to use his goggles could be considered a contributory factor in his injury. N&K Nigeria Ltd could argue that Lolade contributed to his own injury by failing to use his goggles.
Possible defenses by the employer: N&K Nigeria Ltd could argue that they provided goggles for each worker and that it was Lolade's responsibility to use them. They could also argue that the injury was caused by Bolade's actions and that they are not responsible for the actions of another employee. However, it is important to note that an employer is responsible for the actions of their employees in the course of their employment.
In conclusion, Lolade could bring legal action against N&K Nigeria Ltd for negligence in failing to provide a safe working environment. However, the issue of contributory negligence would have to be considered. N&K Nigeria Ltd could argue that Lolade contributed to his own injury by failing to use his goggles.
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IMAGINE A NON-EXISTING PRODUCT, CREATE IT , DESCRIBE THE FEATURES, AND USEFULNESS TO HUMANITY,STATE IT STRENGHT
To imagine a product that does not exist and that is useful to humanity, it is necessary to think about the greatest needs and challenges facing humanity today.
Let's suppose that we have developed a prototype of a chemical capable of transforming seawater into fresh water for human consumption.
The product would be a chemical solution sold in pharmacies in a controlled manner and through compliance with requirements for individuals, at a popular price, capable of making 10 liters of water potable for each bottle of the solution.
The product would work through water desalination technology through electrodialysis and reverse osmosis and could be useful to solve the problems of the lack of clean and potable water that already affects more than 2 billion people in the world.
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If an economist wishes to determine whether there is evidence that average family incomes in a community exceeds $25,000:_______
a. either a one-tailed or two-tailed test could be used with equivalent results.
b. a one-tailed test should be utilized.
c. a two-tailed test should be utilized.
d. None of the above.
Answer: one tailed test should be utilized
Explanation:
From the question, we are informed that an economist wishes to determine whether there is evidence that average family incomes in a community exceeds $25,000.
A one tailed test should be utilized because the region of rejection will just have to be based on one side.
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