Steve will get $5,400 if he can invest money at Fourteen percent with the process of time value of money.
What is time value of money?One of the fundamental concepts in finance is the time value of money. According to this theory, the current cash worth of money will have a different monetary value in the future. This is so because money has the potential to be earned. So it makes sense that an entity would prefer to get a given amount of money now rather than the same amount at a later time. It is because obtaining the funds immediately would enable it to use them to generate income.
Steve needs today for his investment if he wants $8,000 in three years and can earn 14 percent on his current assets. Changing the quantities specified in the formula:
Future Value / (1 + Interest Rate) Equals Present Value Number of Periods
Present Value is equal to $8000 / (1 + 0.14).
Present Value is $8000 divided by 1.481544
Value Today: $5,400
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Under DOL Interpretive Bulletin 75-9, which of the following would NOT impair an accountant's independence with respect to an employee benefit plan? a. The accountant has a material indirect interest in the plan or plan sponsor. b. The accountant acts as an investment advisor for the plan sponsor. c. The accountant also maintains underlying plan financial records including participant records. d. The accountant is retained or engaged on a professional basis by the plan sponsor.
According to DOL Interpretive Bulletin 75-9, one thing that would not impair an accountant's independence is d. The accountant is retained or engaged on a professional basis by the plan sponsor.
What does DOL Interpretive Bulletin talk about?It covers the responsibilities of an accountant to their client in relation to employee benefit plans.
In section 75-9, it is shown that an accountant's independence is not impaired if they are hired on a professional basis by the sponsor of the plan they evaluate.
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during the year, cash increased by $620 million. investing and financing activities created positive cash flow totaling $1,040 million. what were net cash flows from operating activities in the statement of cash flows? multiple choice outflow of $420 million. inflow of $620 million. inflow of $1,240 million. outflow of $620 million.
Net cash flows from operating activities = -$420 million. Hence, the correct answer is (A) an Outflow of $420 million.
For calculating the net cash flows from operating activities, first calculate the difference between the change in cash and the cash flows from investing and financing activities (i.e. the net cash flows)
The information provided is as follows:
Change in cash = $620 million (increase)
Positive Cash flows from investing and financing activities = $1,040 million
Net cash flows from operating activities = Change in cash - Cash flows from investing and financing activities
Net cash flows from operating activities = $620 million - $1,040 million
Net cash flows from operating activities = -$420 millions
Thus, the net cash flows from operating activities in the statement of cash flows are an outflow of $420 million.
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Suppose the productivity of labor in the production of grapes and tomatoes in France doubles. Assuming France experiences constant opportunity cost
If the productivity of labor in the production of grapes and tomatoes in France doubles, it means that France can now produce twice as many grapes and tomatoes with the same amount of resources.
Assuming that France experiences constant opportunity cost, this means that the trade-off between producing grapes and tomatoes remains the same.
If France was originally producing at a point on its production possibilities frontier (PPF) before the increase in productivity, the PPF would shift outward as a result of the increase in productivity. This is because France can now produce more with the same amount of resources.
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What are the approaches for learning Economics effectively?
Money you pay up front to reduce the amount you will owe is called a
A. fixed loan
B. late payment
C. down payment
D. short-term loan
Answer:
down payment
Explanation:
A down payment is money paid upfront in a financial transaction, such as the purchase of a home or car. Buyers often take out loans to finance the remainder of the purchase price.
Answer:
down payment
Explanation:
- Why do so many people still sign up for overdraft protection when it is not always ?
Answer:
This protection usually covers checks, ATM transactions, and debit card transactions. Overdraft protection may make more financial sense, will result in the recipient not knowing your low bank balance, and ensures emergency transactions process.
Explanation:
Which term refers to the first level of a product, which depends on the customer value it generates?
A.
augmented product
B.
core benefit
C.
expected product
D.
basic product
Answer:
B. core benefit
Explanation:
A product can be defined as any physical object or material that typically satisfy and meets the demands, needs or wants of customers. Some examples of a product are mobile phones, television, microphone, microwave oven, bread, pencil, freezer, beverages, soft drinks etc.
According to the economist Philip Kotler in his book titled "Marketing management" he stated that, there are five (5) levels of a product. This includes;
1. Core benefit.
2. Generic product.
3. Expected product.
4. Augmented product.
5. Potential product.
The core benefit of a product can be defined as the basic (fundamental) wants or needs that is being satisfied, met and taken care of when a customer purchase a product.
Hence, the term that refers to the first level of a product, which depends on the customer value it generates is generally referred to as a core benefit. For example, a hotel provides a comfortable and convenient bed to spend the night (sleep) when you travel for a vacation.
definition of the term small business
Answer:
make me brainalist and keep smiling dudeExplanation:
Small business is defined as a privately owned corporation, partnership, or sole proprietorship that has fewer employees and less annual revenue than a corporation or regular-sized business.what is an unconsummated transaction
An unconsummated transaction refers to a transaction that has been initiated or proposed, but has not yet been completed or finalized.
In other words, an unconsummated transaction is one in which the exchange of goods, services, or assets has not taken place. This can occur for a variety of reasons, such as a change of plans, a failure to meet conditions, or a lack of agreement on terms. An unconsummated transaction is considered void, and no rights or obligations are created as a result. It is a transaction that has started but has not yet been completed and the exchange of goods, services or payments has not taken place. The term is often used in financial, business, or legal contexts and refers to a transaction that is still in progress and has not yet been finalized.
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Kim is on a crew that sets up the equipment for a very popular musician. Before the concerts, she sets up lights, microphones, sound equipment, and video screens above the stage. After the concerts, she takes down the equipment Her job is best described as Sylvia sets up, runs, and maintains the equipment for a radio station. Her job is best described as Kenneth works in a small studio using technical equipment and computers. He edits television commercials. His job is best described as Jose works in a music studio operating the equipment for musicians to record their music before selling it to the public. He adjusts the equipment so the recordings have good, clear sound. His job is best described as
Answer:
B,C,C,A
Explanation:i did it on edge 2021
His job is best described as an Audio and video equipment technician. They manage the electrical machinery used to produce radio and television shows, concerts, sound recordings, and movies.
What does an audio technician do?Audio technicians sometimes referred to as sound technicians, set up sound and recording equipment, test it out, and make modifications to help with recordings and sound production. They typically work in radio, television, film, concert halls, and recording studios.
Technicians that work with audio and video equipment operate devices including mixing boards, microphones, and video screens. They capture conferences, sporting events, concerts, and meetings.
Establish, run, and maintain the electronic machinery required to collect, edit, and broadcast audio and video for radio or television programs. To control sound volume, signal strength, and signal clarity in incoming and outgoing broadcast signals, make appropriate adjustments.
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How did the McDonald brothers show persistence when they moved their restaurant?
The McDonald brothers showed persistence by overcoming setbacks and innovating to create a more efficient restaurant model, which eventually led to the establishment of McDonald's as a global brand.
The McDonald brothers, Richard and Maurice McDonald, demonstrated persistence when they moved their restaurant by:
1. Overcoming setbacks: The McDonald brothers faced various challenges throughout their journey. They initially operated a drive-in restaurant but encountered issues with carhop service, leading them to rethink their approach. They temporarily shut down their business to reorganize and develop a new concept that focused on speed and efficiency. Despite setbacks, they persevered and sought a better way to run their restaurant.
2. Innovating and adapting: The McDonald brothers were determined to create a more streamlined and efficient restaurant model. They introduced the concept of a self-service system with a limited menu, where customers could order at a window and receive their food quickly. This idea was groundbreaking at the time and required significant innovation and adaptation. They designed their kitchen layout to optimize efficiency, utilizing assembly line techniques to speed up food preparation. Their persistence in finding a better way to operate their restaurant led to the development of the fast-food concept that revolutionized the industry.
3. Moving forward despite initial failures: After successfully implementing their new restaurant model in San Bernardino, California, the McDonald brothers wanted to expand their concept further. They faced numerous rejections and setbacks while trying to franchise their system. However, they did not give up and continued to promote their innovative ideas. Their persistence eventually paid off when they met Ray Kroc, who became their franchise agent and helped establish the McDonald's brand worldwide.
4. Protecting their vision: When the McDonald brothers decided to franchise their restaurant, they encountered conflicts with Ray Kroc regarding control and the preservation of their original concept. Despite facing pressure to compromise their vision, they persisted in protecting the integrity of their brand and the quality of their food. They engaged in legal battles and negotiated fiercely to maintain the standards they had set. While ultimately they lost control of the company, their persistence in defending their original vision demonstrated their unwavering commitment to their ideals.
Overall, the McDonald brothers' persistence was evident in their ability to overcome setbacks, innovate and adapt, push through initial failures, and protect their original vision. These qualities played a crucial role in their success in transforming the restaurant industry and establishing McDonald's as a global powerhouse.
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QUESTION 4 ANSWER ALL PARTS OF THIS QUESTION Egac is a large company operating in the manufacturing industry with a fiscal year ending on 31 December. On 1 January 2021, Egac acquired a new machine that incorporated the latest available technology and was intended to make Egac’s production processes more efficient. Egac acquired the machine for a price of £320,000 and paid transportation costs of £12,500 as well as customs duties of £7,400; the customs duties could later be claimed back. For the subsequent measurement of the machine, Egac chose the cost model and the straight-line depreciation method. At initial recognition, Egac expected to be able to use the machine for ten years and to sell it after these ten years for a price of £52,500. In subsequent years, Egac revises its expectations upwards due to lower-than-expected wear of the machine. For the fiscal year ending on 31 December 2022, it expects to be able to use the machine for in total eleven years but still to sell it at a price of £52,500 after these eleven years. For the fiscal year ending on 31 December 2023, Egac expects to be able to use the machine for in total eleven years but to sell it at a price of £99,300 after these eleven years. REQUIRED: a) Explain the accounting treatment according to IAS 16 of each element listed above and prepare the journal entries for the initial recognition and subsequent measurement of the machine in Egac’s financial statements for fiscal years 2021, 2022 and 2023. (14 marks) b) At the end of fiscal year 2024, a new technology offering the same benefits in the form of efficiency gains is introduced into the market at a substantially lower price than the technology on which Egac relies. Egac’s chief accountant concludes that this technology results in the need to impair the machine. For the impairment test, the chief accountant works with a current market price of the machine, including an adjustment due to wear, of £72,000, and costs to remove the machine of £1,950; with a value in use of £164,000; and with a carrying amount of the machine on 31 December 2024 of £239,300. Conduct the impairment test for the machine on 31 December 2024. Calculate all relevant amounts and, if applicable, prepare the relevant journal entries. Explain each of your steps. (4 marks) c) Accounting earnings management can be implicit. Briefly explain what implicit earnings management is and identify at least two examples from your above answers that Egac could use to manage earnings implicitly. For each example, explain how Egac could manage earnings upwards in a given year and how earnings in subsequent years would be affected. (7 marks) TOTAL 25 MARKS
(a) The accounting treatment involves initial recognition of the machine's cost and subsequent depreciation. Journal entries are made for each fiscal year. (b) The impairment test compares the machine's carrying amount with its value in use and net selling price. An impairment loss is recorded if necessary.(c) Implicit earnings management includes extending the machine's useful life and delaying the recognition of impairment.
(a) Accounting Treatment and Journal Entries:
Fiscal Year 2021:
1. Initial Recognition:
- Debit: Machine (PPE) £320,000
- Credit: Cash £320,000 (cost of the machine)
- Credit: Transportation Costs £12,500 (additional cost)
- Credit: Customs Duties £7,400 (additional cost)
Fiscal Year 2022:
2. Subsequent Measurement:
- Debit: Depreciation Expense £32,000 (£320,000 / 10 years)
- Credit: Accumulated Depreciation £32,000
Fiscal Year 2023:
2. Subsequent Measurement:
- Debit: Depreciation Expense £32,000 (£320,000 / 10 years)
- Credit: Accumulated Depreciation £32,000
(b) Impairment Test on 31 December 2024:
Carrying Amount = £239,300
Value in Use = £164,000
Net Selling Price = £72,000 (including wear adjustment)
Costs to Remove = £1,950
Step 1: Compare Carrying Amount with Value in Use
If Carrying Amount > Value in Use, impairment exists.
£239,300 > £164,000 (impairment exists)
Step 2: Compare Carrying Amount with Net Selling Price
If Carrying Amount > Net Selling Price - Costs to Remove, impairment exists.
£239,300 > (£72,000 - £1,950) (impairment exists)
Step 3: Determine Impairment Loss
Impairment Loss = Carrying Amount - Recoverable Amount (higher of Value in Use and Net Selling Price - Costs to Remove)
Impairment Loss = £239,300 - £164,000 = £75,300
Journal Entry for Impairment Loss:
- Debit: Impairment Loss £75,300
- Credit: Accumulated Depreciation £75,300
(c) Implicit Earnings Management:
Implicit earnings management refers to manipulating financial statements through subtle actions or decisions that do not directly violate accounting rules. Two examples for Egac are:
1. Extension of Useful Life: Egac could extend the estimated useful life of the machine, resulting in lower annual depreciation expenses. This would increase earnings in the current year but reduce earnings in subsequent years when the machine eventually needs to be replaced.
2. Delayed Recognition of Impairment: Egac could delay recognizing the impairment loss on the machine. By not reflecting the decreased market value in the financial statements, earnings would be artificially inflated in the current year. However, this would lead to a larger impairment loss and reduced earnings in subsequent years when the impairment is eventually recognized.
Both examples involve manipulating accounting estimates and judgments to manipulate earnings in the short term while affecting future periods' earnings negatively.
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Which industry is Amazon involved in ?
Answer:
Cloud computing e-commerce artificial intelligence consumer electronics digital distribution self-driving cars
Explanation:
Answer:
Cloud computing e-commerce
Explanation:
it is used for artificial intelligence or the use of robots
Purves Corporation is using a predetermined overhead rate that was based on estimated total fixed manufacturing overhead of $121,000 and 10,000 direct labor-hours for the period. The company incurred actual total fixed manufacturing overhead of $113,000 and 10,900 total direct labor-hours during the period. The predetermined overhead rate is closest to:
Answer:
The predetermined overhead rate is closest to $12.10 per hour
Explanation:
Predetermined overhead rate = (Estimated total fixed manufacturing overhead / Estimated direct labor hours)
Predetermined overhead rate =($121,000 / 10,000)
Predetermined overhead rate = $12.10 per hour
You're trying to save to buy a new car valued at $42.650. You have $30,000 today that can be invested at your bank. The bank pays 5 percent annual interest on its accounts. How long will it be before you have enough to buy the car for cash? Assume the price of the car remains constant.
In order to buy a car valued for $42,650 and having a bank balance of $30,000 with a 5% annual interest rate, it will take approximately 14.7 years to have enough to buy the cash for cash.
To calculate how long it will take for your savings to grow to the price of the car, we can use the formula for compound interest:
Future Value = Present Value * (1 + Interest Rate)^Time
Where:
Future Value is the target amount you want to achieve (the price of the car).
Present Value is the current amount you have ($30,000).
Interest Rate is the annual interest rate (5% or 0.05).
Time is the number of years.
We need to solve for Time. Rearranging the formula, we get:
Time = log(Future Value / Present Value) / log(1 + Interest Rate)
Let's substitute the given values into the formula and calculate the time needed:
Future Value = $42,650
Present Value = $30,000
Interest Rate = 5% or 0.05
Time = log(42,650 / 30,000) / log(1 + 0.05)
Using a calculator, we can evaluate the logarithmic expression:
Time = log(1.4216667) / log(1.05)
Time ≈ 14.7 years
Therefore, it will take approximately 14.7 years to have enough savings to buy the car for cash, assuming the price of the car remains constant and the bank pays 5% annual interest on your account.
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02-007 - Definition of a technical mindset
A technical mentality is a method of problem-solving that emphasizes analytical and practical abilities in addition to the capacity for critical and logical thought.
It entails applying scientific and engineering ideas to find creative solutions to difficult issues.
This method necessitates having a strong grasp of math and technology, as well as being well-organized and detail-oriented.
Those who aspire to succeed in disciplines like engineering, computer science, and mathematics must have a technical mindset.
It enables the quick and effective solution of challenging issues as well as the creation of novel problem-solving strategies.
Ultimately, success in the modern world depends on having a technical mindset.
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Delegating authority and responsibility and defining measures and metrics are part of ____________ that managers use to implement strategy effectively.
Delegating authority and responsibility and defining measures and metrics are part of the managerial practices or techniques that managers use to implement strategy effectively.
Delegation of authority involves assigning decision-making power and responsibilities to individuals or teams within an organization.
By delegating authority, managers empower their subordinates to make decisions and take actions aligned with the strategic objectives. This not only distributes workload but also fosters employee engagement and promotes a sense of ownership and accountability.
Defining measures and metrics is essential for monitoring and evaluating the progress and success of strategy implementation. Managers establish key performance indicators (KPIs) and metrics that align with strategic goals.
These measures provide a means to track performance, assess the effectiveness of implemented strategies, and make informed decisions for adjustments or improvements.
By delegating authority and responsibility, managers can ensure that the right individuals or teams are empowered to execute strategic initiatives effectively. Defining measures and metrics allows managers to establish clear performance expectations and gauge the progress towards strategic objectives.
Together, these practices enable effective strategy implementation by aligning responsibilities, promoting accountability, and providing a means for ongoing performance evaluation and improvement.
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When produce 12,500 units, Mac Company has total variable costs of $ 75,000. The relevant range is 11,000 units to 23,000 units. If 15,000 units are produced, variable costs are:
The variable cost per unit for the production of 12,500 units by the Mac Company is $6. The total variable cost for the production of 15,000 units would be $90,000.
The Mac Company has produced 12,500 units and incurred variable costs amounting to $75,000.The variable cost per unit for the production of 12,500 units can be computed as follows: Variable cost per unit = Total variable costs/Number of units produced= $75,000/12,500 = $6.The variable cost for the production of 15,000 units can be calculated as follows: Variable cost for 15,000 units = $6 × 15,000 = $90,000.
The Mac Company is a production company that has been experiencing fluctuations in the number of units produced. In this case, the company has produced 12,500 units, which cost it a total of $75,000 in variable costs. The variable cost per unit for the production of 12,500 units is $6.To find the variable cost for the production of 15,000 units, we can use the variable cost per unit for the production of 12,500 units. To calculate the variable cost, we multiply the variable cost per unit by the number of units produced. In this case, the number of units produced is 15,000. Therefore, the variable cost for the production of 15,000 units can be calculated as follows: Variable cost for 15,000 units = $6 × 15,000 = $90,000.The relevant range for the Mac Company is 11,000 units to 23,000 units. This means that the company can produce a minimum of 11,000 units and a maximum of 23,000 units within its relevant range. The variable cost per unit will remain constant within this range. The Mac Company can use this information to make decisions about the number of units to produce based on the variable costs that would be incurred. For example, if the company wanted to produce 20,000 units, it would know that the variable costs would be $120,000 (i.e., $6 per unit × 20,000 units).
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Consider a second hand car market where three types of cars are being sold: High quality (H), medium quality (M) and low quality (L). Sellers value an H at $2000, an M at $1200 and an L at $800, whereas buyers value an H at $1800, an M at $1600 and an L at $1400. As discussed in the "Akerloff's Lemons Market", sellers are able to distinguish between different quality cars but buyers are not and a buyer believes that in this market 40% of the cars is an H, 30% of the cars is an M and 30% of the cars is an L. a) Determine which type of cars will be sold at the efficient allocation. b) Determine which type of cars will be sold at the market equilibrium.
Answer:
a) Determine which type of cars will be sold at the efficient allocation.
All cars would be sold in a Pareto efficient allocation.
In a Pareto efficient market, resources are all allocated in teh most efficient possible way. This is the reason why this is just a theoretical concept that does not necessarily apply in real life.
b) Determine which type of cars will be sold at the market equilibrium.
Since consumers are only willing to pay up to $1,620 for a used car, only medium quality and low quality cars will be sold. The price of high quality used cars is higher than the equilibrium price.
Explanation:
the most a buyer would be willing to pay for a used car is ($1,800 x 40%) + ($1,600 x 30%) + ($1,400 x 30%) = $720 + $480 + $420 = $1,620
Answer the following question in 3-4 complete sentences. A poster of a man sitting on a motorcycle on a cliff that reads, "Honda. " Examine the advertisement above. What is being advertised? Most likely, who is their target audience or buyer? What does this advertisement say to the buyer?.
Answer:
Answers may vary, but should be similar to the following: This is an advertisement for Honda motorcycles. Based on the picture, the location it shows (beach front at sunset), and the man in the advertisement, the target audience is most likely males in either their 20s or 30s, or perhaps older males who want to feel younger again. The advertisement and the imagery used speaks of such emotions and experiences as, independence, power, wide-open spaces, and freedom.
Explanation:
This is an advertisement for Honda motorcycles. The location shows the man in the ad, the target audience is most likely males in either their 20s or 30 or perhaps older males who want to feel younger again.
What is the advertisement saying to the buyer?The advertisement and the imagery are used to speak of such emotions and experiences as independence, power, wide-open spaces, and freedom. An advertisement, otherwise known as an advert or ad, is generally considered a public communication that promotes a product, service, brand or event. To some the definition can be even broader than that, extending to any paid communication designed to inform or influence.
If these definitions feel vague, it’s because they are the truth that advertisements can be tricky to define, now more than ever. From bus shelters to search engines to influencers, the field of advertising has never been broader, deeper or more complex.
It’s important to note that advertising is not the same as marketing and it is rather a subcategory of it.
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Assume that a customer shops at a local grocery store spending an average of $350 a week, resulting in a retailer profit of $35 each week from this customer. Assuming the shopper visits the store all 52 weeks of the year, calculate the customer lifetime value if this shopper remains loyal over a 10-year life span. Also assume a 9 percent annual interest rate and no initial cost to acquire the customer. The customer yields $_per year in profits for this retailer. (Round to the nearest dollar.)The customer lifetime value is $_______
The customer lifetime value is $11,680.76
What is customer value?The amount that a service or a product is valuable to a consumer is the best way to describe customer value. It is an estimate of all the expenses and advantages related to a good or service. Price, reliability, and what the good or service can achieve for that specific person are a few examples.Consumers seek goods and services with characteristics that result in the greatest value and satisfaction given their needs and economic ability. The four different categories of value are: financial value, social value, cognitive value, and functional value.Total Customer Benefit - Customers Costs = Customer Value, or B - C = CV, is the formula for calculating customer value.Operational, sociological, psychological, logical, and conditional value are the five basic categories of consumer value.To learn more about customer refers to:
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because low incomes are correlated with _________, children raised in poverty are more likely to live in poverty as adults than are other children.
Because low incomes are correlated with economic disadvantage, children raised in poverty are more likely to live in poverty as adults than are other children.
Limited access to quality education: Children from low-income families may attend underfunded schools with fewer resources, experienced teachers, and limited educational opportunities. This can result in lower academic achievement and reduced chances of acquiring the skills necessary for higher-paying jobs.
Lack of economic resources: Poverty often means limited financial resources, which can make it difficult for families to invest in their children's education, healthcare, and other essential needs. The lack of financial stability can perpetuate the cycle of poverty from one generation to the next.
Limited access to opportunities: Growing up in poverty can restrict access to opportunities such as extracurricular activities, mentorship programs, internships, and networking opportunities. These opportunities often play a significant role in setting individuals on a path towards higher education and better career prospects.
Social and environmental factors: Children raised in poverty may face higher levels of stress, limited social support networks, and exposure to adverse living conditions such as inadequate housing, unsafe neighborhoods, or limited access to healthcare.
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Differentiate among the following.
a. full warranty:
b. limited warranty:
c. implied warranty:
what is the difference between a mutual fund and an index fund
Answer: There are a few differences between index funds and mutual funds, but here's the biggest distinction: Index funds invest in a specific list of securities (such as stocks of S&P 500-listed companies only), while active mutual funds invest in a changing list of securities, chosen by an investment manager.
Explanation:
what is the correct statement about regressive taxation
A.your federal income tax is regressive
b. the sales tax you pay when you fill up your car with gas is regressive
C.your paying a regressive tax if you pay the same percentage of your income in state income tax as a person who makes four times as much as you
D.a rental fee to use internet at a coffee house is a regressive tax
The correct statement about regressive taxation is that the sales tax you pay when you fill up your car with gas is regressive. The Option B is correct.
What is a regressive taxation?These are tax imposed in a manner that the tax rate decreases as the amount subject to taxation increases. Its describes a distribution effect on income or expenditure, that is, the way the rate progresses from high to low so that the average tax rate exceeds the marginal tax rate. The taxes on most consumer goods, sales, gas and payroll are examples of regressive taxes.
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The tiny town of Nemo has three neighborhoods located on a straight line: Neighborhood 1, Neighborhood 2, and Neighborhood 3, with Neighborhood 2 located equidistant between Neighborhood 1 and Neighborhood 3. There is one daycare center, located on Neighborhood 1. There are 10 families residing in each neighborhood, and each family has one child. Each family is willing to pay $70/day for daycare, and prefers daycare closest to its own neighborhood (though at current distances, families will purchase daycare services even if it’s two neighborhoods away). Families are indifferent between any two daycares in the same neighborhood. Suppose that daycare costs $30/day per child to provide. A new daycare center is thinking of opening in Nemo. If both daycares will keep their price at $70/day, which neighborhood should the new daycare open in?
Answer:
Neighborhood 2
Explanation:
Based on the information given if NEIGHBORHOOD 2 is located between Neighborhood 1 and Neighborhood 3 which means that in a situation where both daycares decide to keep their price at the amount of $70/day, the neighborhood that the new day care should open in is NEIGHBORHOOD 2 reason been that with NEIGHBORHOOD 2 all the families living in both Neighborhoods 2 and Neighborhoods 3 will be attracted to Neighborhoods 2 and on the other hand won't not be attracted to Neighborhood 1, for the amount of $800/day which is calculated as:
(10 Families *2) * ($70 for day care - $30 per child)
20*40= $800/day
Therefore the neighborhood that the new daycare should open in is NEIGHBORHOOD 2
A real estate broker pays $50 to a life insurance broker for each referral that goes to closing. This arrangement is:
Answer:
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Explanation:
A real estate broker pays $50 to a life insurance broker for each referral that goes to closing. This arrangement is illegal.
What is a broker?A broker is referred to as a middleman or agent who helps real estate property to sell in good amounts and helps to establish a deal between a property owner and the buyer.
This real estate broker will receive a commission on behalf of closing the deal, this commission will be received by the end of the deal when the exchange of property is took place between both the parties in terms of the agreement.
This arrangement between the two is illegal as they are misrepresenting things by helping each other when the real estate broker and insurance broker pay each other in closing the deal amount of $ 50 to each other.
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The incomplete question is
A real estate broker pays $50 to an insurance broker for every referral that goes to closing. The insurance broker pays $50 to the real estate broker for every referral that buys insurance. This arrangement between the two is:________
Type the correct answer in the box. Spell all words correctly.
What does this situation demand from the company?
Martha bought a new laptop a week ago. She’s having trouble understanding how the laptop functions. She wants the store where she bought the laptop to help her. The store should provide Martha with good_______
by giving her all the information she needs.
Answer:
After-sales service
Explanation:
After-sales service are all the efforts of a business to keep its clients happy and satisfied with the products they have purchased. It is providing care to customers after they have made purchases from the business. After-sale service help in retaining and building loyal customers.
Some of the techniques used in after-sales service include
Keeping in touch with customers after purchases Responding to customer queries either on call, emails, or customer visit Offering technical supports when a customer is facing challenges like in the scenario described aboveAnswer:
customer service
Explanation:
I just took the test on Edmentum
You have $100,000 to donate to your college. You want to endow a perpetual scholarship that makes its first payment in 1 year. If the college's discount rate is 5%, how large will the annual scholarship payment be?
Answer:
$5,000
Explanation:
Calculation for how large will the annual scholarship payment be
Using this formula
Cash Flow= Present Value x Rate
Where,
Present Value =$100,000
Rate=5%
Let plug in the formula
Cash Flow=$100,000*5%
Cash Flow=$5,000
Therefore how large will the annual scholarship payment be is $5,000.
binary digits as octal digits produces the same result whether read from right to left, or left to right.(True/False)
True. Binary digits (bits) can be grouped into sets of three and converted to octal digits. The resulting octal representation remains the same regardless of whether it is read from right to left or left to right.
When converting binary digits to octal, each set of three binary digits represents a single octal digit. The order in which the binary digits are read does not affect the result because the conversion is based on the positional value of each digit within the set.
For example, let's consider the binary number 101110. We group the digits into sets of three: 10 111 0. We then convert each set to its corresponding octal digit: 2 7 0. Now, if we read the binary number from right to left (011101), the grouping and conversion process remains the same: 0 7 2. In both cases, the resulting octal digit sequence is the same: 270.
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