If a person spends $18 a week on coffee (assuming $900 annually), the money would be worth $7,725 in 8 years if it were placed into an account generating 2%.
Define the monthly contribution you'll make (P), the period-to-period return rate (r), and the total number of periods you'll contribute (n). Subtract one from \((1 + r)^{n}\) and divide the result by r. Multiply the result by P and you will obtain the future value of an annuity.
Here
Annual deposit amount = $ 900
Number of years = 8
Interest Rate = 2%
Using the Future Value Annuity Table, the future value of the retirement account will be determined.
FVAF (2%, 8 years) = 8.583
Future Value = 900 × 8.583 = $7,725
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Discuss in your own words
1. Discuss the importance of having sources of capital and
good network in starting a business
2. Describe the role of legal requirments in starting a
business
3. Explain
1. Importance of sources of capital and good network in starting a business
The importance of having sources of capital and a good network in starting a business is that it provides a solid foundation for the company. Capital is required to invest in assets and support daily operations, while networking provides opportunities for collaboration, expansion, and access to resources. Both elements are critical to the growth and success of a business.
Sourcing capital is essential in supporting the development of a business idea from the onset. It is often challenging to find willing investors or lenders, but having a business plan that is well-thought-out, achievable, and marketable will go a long way in attracting support. Investors and lenders want to see that the business idea has the potential to make profits, as well as the ability to pay back the investment or loan.
Networks are essential in providing opportunities for growth and collaboration. Networking involves building relationships with other businesses, entrepreneurs, potential investors, and other stakeholders. These relationships can lead to referrals, recommendations, and other resources that can help the business grow and expand. Networking also provides the opportunity to learn from others who have already been successful in the field.
2. Role of legal requirements in starting a business
Legal requirements are essential in starting a business. The main answer regarding the role of legal requirements in starting a business is that they provide a framework for the business to operate within. These requirements help to protect the business, its employees, customers, and the environment. Legal requirements are also essential in ensuring that the business is operating legally and ethically.
The role of legal requirements in starting a business is to provide guidelines that businesses must follow. These requirements include registering the business, obtaining licenses and permits, paying taxes, adhering to zoning regulations, and following labor laws. Legal requirements also include environmental regulations, health and safety standards, and product labeling requirements. By complying with these requirements, businesses are demonstrating their commitment to operating ethically and legally, which helps to build trust with customers, employees, and investors.
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Suppose economic conditions call for a tax increase but Congress does not implement this measure because an election is approaching. This is an example of which of the real-world problems associated with fiscal policy?
Answer:
Implementation lag
Explanation:
there are four types of lags associated with fiscal policy
Administrative lag is the time it takes to enact the needed policies. Operational lag is the time it takes for the policy to be enacted to the time the effects are felt in the economy
Recognition lag is the amount of time it takes for authorities to recognise a problem in the economy that needs fiscal policy intervention.
Implementation lag is the amount of time it takes for fiscal policy decisions to be implemented.
b. he believed they should be cut as a matter of fairness and good economic policy
Will is 30 years old and works for a company that matches his 401(k) contribution up to 3%. The interest rate for his 401(k) is 7. 13%. If he puts away 9% of his $41,000 salary every year, how much would he have saved in 10 years? Round your answer to the nearest cent. A. $52,835. 72 b. $56,602. 91 c. $68,395. 76 d. $73,272. 37.
Based on the interest rate on the 401k and the contributions into it, the amount saved after 10 years is c. $68,395
Will's employer will match 3% of his annual salary:
= 3% x 41,000
= $1,230
Will then contributes 9%:
= $3,690
Total contribution will then be:
= 3,690 + 1,230
= $4,920
This amount is an annuity because it is constant and its value in 10 years will be:
= Amount x ( ( 1 + rate) ^ number of years - 1) / rate
= 4,920 x ( 1 + 7.13%) ¹⁰ - 1) / 7.13%
= $68,395.76
In conclusion, Will's 401k will be $68,395.76
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so how do i unblock spotify the school Ashby public school and i do not know how to unblock it help me pls for 53 points and it has to work or i will not get you the points!
Answer:
you need a vpn,
If you have a computer, find a vpn. It helps you change your IP address to where ever. Select a random country and your good to go
A company purchased a new truck at a cost of $42,000 on June 1, 2019. The truck is estimated to have a useful life of 7 years. The company uses the straight-line method of depreciation. So, the annual depreciation expense is $6,000. How much depreciation expense will be recorded for the truck during the first year ended December 31? Select one: a. $6,000. B. $45,000. C. $3,500. D. $3,000.
Answer:
C. $3,500
Explanation:
The formula for a straight-line method of depreciation is provided below:
annual depreciation charge=(cost-salvage value)/useful life
cost of the new truck=$42,000
salvage value=$0
useful life=7 years
depreciation=($42,000-$0)/7=$6,000( same as given in the question)
The truck was used for 7 months in the first year ended, from June 1 2019 to December 31 2019
Depreciation for the first year=$6000*7/12=$3,500
What sports have been founded by an entrepreneur?
An individual who plans, manages, and takes on the risk of a sport-related business enterprise is known as a sports entrepreneur. There are numerous instances of professional players succeeding in business after leaving sports.
The most well-known professional sport players who successfully transitioned from athletics to entrepreneurship include Payton Manning, David Beckham, John Elway, Magic Johnson, and Venus Williams, to name just a few. Many of you are familiar with his court movements. It is less typical to be aware of his entrepreneur side. However, how many companies does Shaq actually own? Even though the solution is not obvious, it is still amazing.
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Explain in detail two engagments. ASAP
Answer:
easy a
Explanation:
easy a
If a family planned to spend $370 for food during March but only spent $348, this difference would be referred to as a:
Answer:
Surplus
Explanation:
Given:
Family planned to spend = $370
Amount spend = $348
Find:
Amount of surplus
Computation:
Amount of surplus = Family planned to spend - Amount spend
Amount of surplus = $370 - $348
Amount of surplus = $22
A surplus is the quantity of an item or resource that is greater than the amount that is actively used.
With 2023 pathfinder’s available 4-door capacitive request switches, what happens when a user holding an intelligent key double-presses any of the switches?.
Answer: All 4 doors ulock
Explanation:
The text below describes the purpose of the Coalition of Independent Educator Associations (CIEA). The Coalition of Independent Educator Associations (CIEA) is made up of non-unionized education associations across America. Keeping educators connected, CIEA collaborates and focuses on serving its members in each state and on the national level. Source: cieaonline.org Judging from the organization's description, CIEA could be best categorized as what kind of interest group
Answer:
peak association
Explanation:
The Coalition of Independent Educator Associations (CIEA) is most likely an Economic interest group based on the description of its services.
Economic interest groups:
Represent the affairs of a labor group such as teachers and doctors Foster cooperation between members of a labor group Increase economic and financial access for their membersThe Coalition of Independent Educator Associations (CIEA) is concerned with the affairs of educators as well as working to increase collaboration and cooperation between its educator members.
We can therefore conclude that the CIEA is an economic interest group as it engages in work that is typical of other economic interest groups.
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This is my last question plzzzz get it right
Museum curators are in a tourism career.
A. True
B. False
Answer:
false
Explanation:
Explain the importance of denists and physiotherapists
Explanation:
physiotherapists help people affected by injury, illness or disability through movement and exercise, manual therapy, education and advice. They maintain health for people of all ages, helping patients to manage pain and prevent disease.
dentistry is important to maintaining the health of your smile as well as your overall health. Unaddressed tooth decay or gum disease can lead to infections and other conditions that can put your entire body at risk for health issues.
if my answer helps you than mark me as brainliest
Answer:
The physiotherapist is important because they can revive the disfunctional human organs through regular therapy.
Dentist is important because they deal with diverse dental problems and diseases and human teeth are very important organ.
Explanation:
I hope my answer helped you:)
referring to the graph, sandra’s sweets is a monopolistically competitive firm that produces 120 cakes. this level of production is:
Not efficient in terms of productivity or allocation. Allocative efficiency refers to the production stage that occurs when demand and marginal cost are equal.
When marginal cost equals average total cost, production reaches a degree of productive efficiency. At 120 cakes, neither of these statements holds true. Sandra's Sweets is probably not attaining allocative efficiency or productive efficiency if it is a monopolistically competitive company manufacturing 120 cakes.
Allocative efficiency happens when a firm's output matches customer demand at a cost that is equal to its marginal cost. In this example, it means that the company is not reaching allocative efficiency if it is not producing at the level where demand equals marginal cost.
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Which quality is a requirement In order for a destination to become a tourism destination area (TDA)?
A. should be accessible by road
B. should be in a developed country
C. should have a unique feature
D. should have a moderate climate
Which of the following is not true about a hash value.
Similarly to a digital signature, a hash value can guarantee the integrity of a document (i.e. once the document is changed, the hash value of the original document won't match the modified document, but is fixed in length no matter how long the document is).
The hash function (the calculation of hash value) is known to the public.
For the same document, if we use the same hash function, we should produce the same hash value.
To verify a hash value we need to obtain the private key of the creator of the hash value.
The statement "To verify a hash value we need to obtain the private key of the creator of the hash value" is not true about a hash value.
In a digital signature scheme, a private key is used to create a digital signature that can be verified using the corresponding public key. However, when it comes to verifying a hash value, it does not require the private key of the creator.
A hash value is generated by applying a hash function to the input data, such as a document. The resulting hash value is a fixed-length string of characters that represents a unique "fingerprint" of the input data. To verify a hash value, one does not need access to the private key. Instead, they can simply apply the same hash function to the data in question and compare the generated hash value with the originally provided hash value. If the two hash values match, it indicates that the data has not been tampered with, ensuring the integrity of the document.
So, the correct statement would be: To verify a hash value, we do not need to obtain the private key of the creator of the hash value.
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suppose that a credit card holder with card-related rental car insurance is driving the rental just outside of denver, colorado when a severe hail storm occurs, causing serious damage to the car. which portion of the card-related rental car insurance might cover damage to the car resulting from hail?a
Comprehensive portion of the card-related rental car insurance might cover damage to the car resulting from hail .
Comprehensive insurance provides coverage for both repair and replacement costs. Third-party liabilities, damage from an accident, fire, natural disaster, theft, etc. are often covered by comprehensive automobile insurance. Any damage to an automobile, excluding damage from a collision, is covered by comprehensive auto insurance. This covers environmental dangers like deer collisions and falls. Comprehensive coverage, like other types of vehicle insurance, covers a portion of the loss if your automobile is damaged. The "deductible" is a portion of the price that the car owner will also be responsible for paying. Repairs or the purchase of a new car may be covered by the insurance payout. An substantial automobile insurance policy known as "compact vehicle insurance" protects the insured against both their own damages and any third-party liabilities.
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Concord’s Market recorded the following events involving a recent purchase of merchandise: Received goods for $67000, terms 1/10, n/30. Returned $1200 of the shipment for credit. Paid $300 freight on the shipment. Paid the invoice within the discount period. As a result of these events, the company’s inventory increased by...
The increase in Concord's Market inventory is $59,220.
The total amount of goods received was $67,000, but $1,200 of merchandise was returned, reducing the total to $65,800. Since the invoice was paid within the discount period (1/10), a discount of 10% (9/10) was applied to the remaining amount. Thus, the discount amount is $59,220 ($65,800 * 9/10). Therefore, the increase in Concord's Market inventory is $59,220.
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Coronado Corporation enters into a 7year lease of equipment on December 31, 2019. which requires annual payments of $37,300 each, beginning December 31, 2019. In addition, Coronado guarantees the lessor a residual value of $19.400 at the end of the Beate However, Coronado believes it is probable that the expected residual value at the end of the lease term will be 59.400. The equipment has a useful life of 7 years. Assume that for Lost Ark Company, the lessor collectibility of lene payments is probable and the carrying amount of the equipment is $170.000 Prepare Lost Ark's 2019 and 2020 journal entries, assuming the implicit rate of the lease is 9% and this is known to Coronado. (Credit account titles are automatically indented when amount is entered. Do not indent manually. For calculation purposes, se 5 decimal places as displayed in the factor table provided and round final answers to decimal places eg. 5.275. Record journal entries in the order presented in the problem.) Click here to view factor tables Date Account Titles and Explanation Debit Credit er 31, 2019 Les Receivable 37300 Cost of Goods Sold 170000 Sales Revenue 37300 Inventory 170000 (To record the lease) 31, 2019 Cash 37300 Leave Receivable 7300 (To record receipt of lease payment) 31. 2020 Cash 37300 Lease Receivable 12162 Interest Raven 25138
The entries above are for Lost Ark Company to record the receipt of the lease payment, revenue generated from interest on the lease receivable account, and recognition of the remaining amount of lease payment due.
Coronado Corporation leased equipment from Lost Ark Company, and it lasts for seven years, starting December 31, 2019. The terms of the agreement stipulated that Coronado should pay $37,300 yearly, starting December 31, 2019, and guarantee that Lost Ark Company will receive $19,400 as the residual value at the end of the lease. However, Coronado believes that the expected residual value will be $59,400. This article seeks to prepare Lost Ark Company's 2019 and 2020 journal entries, assuming that the implicit lease rate is 9% and is known to Coronado. The lessor collectability of lease payments is assumed to be probable, and the carrying amount of the equipment is $170,000.
Journal Entries for Lost Ark Company on December 31, 2019Lease Receivable account is debited by $37,300. Inventory account is credited by $170,000. Sales revenue account is credited by $37,300. Cost of Goods Sold account is debited by $170,000. The above entries are for the recording of the lease agreement by Lost Ark Company on December 31, 2019. Journal Entries for Lost Ark Company on December 31, 2020 Cash account is debited by $37,300. Interest revenue account is credited by $25,138. Lease receivable account is credited by $12,162.
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Elasticity is the measure of how producers and consumers react to changes in
A supply is
A supply is
when the quantity of a good supplied does not change as the price changes.
when the quantity of a good supplied increases or decreases as the price changes.
Determine whether each scenario is an example of tax avoidance or tax evasion. Andrea keeps a record of all her business-related expenses. Daniel claims the amount of interest paid for his mortgage as a tax deduction. Christian did not report the tips he earned on his tax return.
Answer:
1. Tax avoidance
2.Tax avoidance
3.Tax evasion
Explanation:
Tax avoidance refers to a legal way of reducing one's tax liability through lawful deductions. Ways to reduce tax liabilities are; capitalizing on tax advantage retirement accounts, liasing with tax advisor on the legal way for tax avoidance. Tax avoidance is however legal.
Examples of tax avoidance are;
1. Andrea keeps a record of all her business related expenses.
2. Daniel claims the amount of interest paid for his mortgage as tax deductions.
Tax evasion is a deliberate attempt by a tax payer to avoid payment of tax liability. It is a fraudulent action by a tax payer to wilfully evade tax in an illegal manner. In tax evasion, income is concealed to tax authorities inorder to evade tax payment which is a criminal offence. It is to be noted that tax evasion is illegal in the eye of the law.
Example of tax evasion is ;
3. Christian did not report the tips he earned on his tax return.
Answer:
Examples of tax avoidance are;
1. Andrea keeps a record of all her business related expenses.
2. Daniel claims the amount of interest paid for his mortgage as tax deductions.
Tax evasion is a deliberate attempt by a tax payer to avoid payment of tax liability. It is a fraudulent action by a tax payer to wilfully evade tax in an illegal manner. In tax evasion, income is concealed to tax authorities inorder to evade tax payment which is a criminal offence. It is to be noted that tax evasion is illegal in the eye of the law.
Example of tax evasion is ;
3. Christian did not report the tips he earned on his tax return.
Explanation:
the field of marketing that studies the brain and its response to marketing stimuli is referred to as _________.
The field of marketing that studies the brain and its response to marketing stimuli is referred to as neuromarketing.
Neuromarketing is a branch of marketing research that studies consumers' cognitive and affective responses to marketing stimuli, utilizing techniques from neuroscience to understand consumer behavior and decision-making processes.
It incorporates methods such as EEG (electroencephalography), fMRI (functional magnetic resonance imaging), and eye-tracking to analyze brain activity, eye movement, and other biometric indicators to better understand consumer responses to different marketing stimuli. Using this knowledge, companies can tailor their marketing strategies to create more effective and engaging campaigns that resonate with their target audience.
In conclusion, neuromarketing is a fascinating field that combines marketing and neuroscience to help businesses better understand how consumers think and make purchasing decisions.
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Explain the importance of office for an organization long answer
Answer:
The answer to this question is given below in this explanation section.
Explanation:
" importance of office for an organization"
An office is the center point of organization.It is a place to perform different activities of a business organization.The office is the brain of the whole organization.The office performs a critical function such as information collection,collection,recording analyzing distribution of information and executive function such as planning,organization,policies formulation,decision making etc.
It is used by management for the purpose of planning,organizing,staffing,directing,and controlling.Office not only keep record of information but also pay the role of reliable channel of communication the information.It is required for smooth functioning of the organization.
Proper organisation facilities the intensive use of human capital.Organization stimulates creativity.By providing well defined areas of work and ensuring delegation of authority,Organization provides sufficient freedom to the managers and encourages their initiative,independent thinking and creativity.
The
management of a sugar manufacturing company sets aside a sum of $50,000 in its budget for the purchase of new
machinery that would double the production. In the given scenario, the management is in the process of planning the
of the company
operating budget
Ofinancial budget
Omarketing budget
Ostatic budget
Answer: operating budget
Explanation:
In the given scenario in the question, we can deduce that the management is in the process of planning the operating budget of the company.
The operating budget simply refers to the money that's needed by the company for it to run efficiently. It is made up of the manufacturing costs, sales budget, selling expenses, and the administrative expenses.
Recording, classifying, and summarizing economic events in a logical manner for the purpose of providing financial information for decision making is commonly called Group of answer choices auditing. economics. finance. accounting.
Recording, classifying, and summarizing economic events in a logical manner for the purpose of providing financial information for decision making is commonly called accounting.
Accounting is a fundamental process in business and financial management. It involves systematically recording financial transactions, classifying them into appropriate categories, and summarizing the information to create financial statements such as the income statement, balance sheet, and cash flow statement. These financial statements provide a snapshot of a company's financial performance, position, and cash flows, enabling decision-makers to analyze and make informed decisions about the organization's operations, investments, and financial strategies.
While auditing, economics, and finance are related disciplines, each has its own distinct focus. Auditing involves examining and evaluating financial records and statements to ensure accuracy, compliance, and reliability. Economics studies the production, distribution, and consumption of goods and services within an economy. Finance, on the other hand, focuses on managing financial resources, investments, and the financial aspects of decision making. However, accounting serves as the foundation for providing the necessary financial information in these areas.
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"take hundred now is more valuable than take hundred after one year" explain it
Answer:
Today's dollar is worth more than tomorrow's because of inflation (on the side that's unfortunate for you) and compound interest (the side you can make work for you). Inflation increases prices over time, which means that each dollar you own today will buy more in the present time than it will in the future.
The marketing concept is all about meeting the consumer's_____. Choose the best answer.
A) needs
B) Wants
C) Expectations
D) None of the above
Most of us have similar values, but we might put them in vastly different orders of importance.
true or false
In this excerpt, schlosser claims that fast food restaurants are taking advantage of people to save money. helping society by hiring unskilled workers. providing valuable training for teenagers. using highly skilled workers in low-paying jobs.
Taking advantage of individuals to save money by placing highly trained personnel in low-paying positions.
Why else do chefs say "fire"?These foods, such as pre-made sauces that may be placed over a dish, are not cooked in preparation. A chef will yell "Fire" to direct the staff to begin working on a dish immediately away. For example, "Fire soup, Table 18" or "Fire main meals, Table 2!" Consider it more as "Ready.
Who serves fast food the longest?The majority of historians concur that the American corporation White Castle, which began as food stands throughout Wichita, Kansas throughout 1916 and was founded in 1921, was the first quick restaurant. From its inception, White Castle offered hamburgers for 5 cents each, and it was followed by a large number of competitors and imitators.
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How does technical education play a vital role to develop the entire nation?
pls- don´t lie
;)
Answer: Education is needed for jobs. If we dont have education people cant get certain jobs. Without certain jobs the world would fall into a pandemic.
Explanation:
Answer:
Technical education play a vital role to develop the entire nation by improvimg the well beimg of youth and communities.
It increases the productivity. It also helps to accelerate the pace of work and motivate the person towards his/her work.It creayes skilled manpower and improves the quality of life.
during may, hatch company incurred factory overhead costs as follows: indirect materials, $3,170; indirect labor, $3,070; utilities cost, $1,620; and factory depreciation, $2,090.
The company's total expense for the month of May was $9,950.
What are business expenses?The expenses of a company is a term to refer to all the goods or services necessary for the operation of a company. Generally, there are some services and goods that the company must purchase externally so it must pay for them instead of producing them itself.
According to the above, to calculate the monthly expenses of this company we must add all the values as follows:
$3,170 + $3,070 + $1,620 + $2,090 = $9,950.
Note: This question is incomplete due to missing information. Here is the complete information:
Ask
Calculate the total expense of the company during the month of May.
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