On April 8th, 2013, Joseph invested $16,000 in a fund that was growing at 4% compounded semi-annually.
a. Calculate the accumulated amount of the fund on October 27th, 2013.
Round to the nearest cent
b. On October 27th, 2013, the interest rate on the fund changed to 5% compounded monthly. Calculate the accumulated amount of the fund on August 28th, 2014.
Round to the nearest cent
Answers
a. The accumulated amount of Joseph's investment on October 27th, 2013, is $16,735.94.
b. The accumulated amount of Joseph's investment on August 28th, 2014, is $17,239.99.
a. To calculate the accumulated amount of Joseph's investment on October 27th, 2013, we use the compound interest formula: A = P(1 + r/n)^(nt), where A is the accumulated amount, P is the principal amount, r is the interest rate, n is the number of compounding periods per year, and t is the time in years. In this case, the principal amount is $16,000, the interest rate is 4%, compounded semi-annually (n = 2), and the time is approximately 0.57 years (from April 8th to October 27th). Plugging these values into the formula, we find that the accumulated amount is $16,735.94.
b. On October 27th, 2013, the interest rate changed to 5% compounded monthly. To calculate the accumulated amount of Joseph's investment on August 28th, 2014, we use the same compound interest formula, with the new interest rate and compounding frequency. The time period is approximately 0.87 years (from October 27th, 2013, to August 28th, 2014). Plugging in the values, we find that the accumulated amount is $17,239.99.
It's important to note that when the interest rate or compounding frequency changes, the growth of the investment is affected. Higher interest rates and more frequent compounding periods lead to greater accumulated amounts over time.
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Related Questions
Suppose Q=33.4(0.678)tQ=33.4(0.678)t. Give the starting value aa, the growth factor bb, and the growth rate rr if Q=a⋅bt=a(1+r)tQ=a⋅bt=a(1+r)t.
a= help (numbers)
b= help (numbers)
r= % help (numbers)
Answers
In the equation Q = 33.4(0.678)^t, we can identify the values of a, b, and r in the form Q = a * b^t.
a = 33.4
b = 0.678
r = (b - 1) * 100
Therefore:
a = 33.4
b = 0.678
r = (0.678 - 1) * 100 = -32.2%
Please note that the growth rate (r) is negative in this case, indicating a decreasing trend in the variable Q as t increases.
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Sheffield Corp. took a physical inventory on December 31 and determined that goods costing $208,000 were on hand. Not included in the physical count were $22,000 of goods purchased from Wildhorse Co., FOB, shipping point, and $24,500 of goods sold to Waterway Industries for $35,000, FOB destination. Both the Wildhorse purchase and the Waterway sale were in transit at year-end. What is the ending inventory
Answers
Sheffield Corp. ending inventory, based on physical inventory take on December 31 is $219,500.
Sheffield Corp. took a physical inventory on December 31 and determined that goods costing $208,000 were on hand. Not included in the physical count were $22,000 of goods purchased from Wildhorse Co., FOB, shipping point, and $24,500 of goods sold to Waterway Industries for $35,000, FOB destination.
Both the Wildhorse purchase and the Waterway sale were in transit at year-end.
The ending inventory of Sheffield Corp. can be calculated as follows:
Ending inventory = Physical inventory + Purchase in transit - Sales in transit
In the given case,
Physical inventory = $208,000
Purchase in transit = $22,000
Ending inventory = $208,000 + $22,000 - ($35,000 - $24,500)
Ending inventory = $208,000 + $22,000 - $10,500
Ending inventory = $219,500
Therefore, the ending inventory of Sheffield Corp on December 31. is $219,500.
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In your completed RACI chart, who is responsible for coding the landing page
Answers
Note that in a completed RACI chart, the person who is responsible for coding the landing page is: A team member of Project Manager.
What is a RACI Chart?A responsibility assignment matrix, also known as a RACI matrix or a linear responsibility chart, illustrates how various roles contribute to the completion of tasks or deliverables for a project or business process.
A RACI chart (also known as a Responsibility Assignment Matrix) is a method for identifying the roles and responsibilities of your project team for every task, milestone, or project deliverable. You may clarify responsibilities and prevent confusion by using the RACI abbreviation.
A RACI chart is one tool that project managers may use to keep a project on track. The chart assists teams in communicating clearly and keeping the proper individuals in the loop by identifying all stakeholders and designating a level of engagement for each job.
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Is the following an example of a Temporary or Permanent Account?Company has cash of $35,000 on December 31, 2016; beginning cash balance on January 1, 2017 is also $35,000.
Answers
Company has cash of $35,000 on December 31, 2016; beginning cash balance on January 1, 2017 is also $35,000. This is an example of permanent account.
The balances that accumulate over time are recorded in permanent accounts. Records of sales is an illustration of super durable records. Assets, liabilities, equity, accounts payable, inventory, and investments are additional examples of permanent accounts.
An account whose balance does not reset to zero at the end of the accounting period is called a permanent account, also known as a real account. Instead, the balance stays the same throughout each accounting period. Asset, equity, and liability accounts are the most common types of permanent accounts.
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5. When might a company decide that it needs to hire a human resource professional?
Answers
Answer:
See Below
Explanation:
Below are a few reasons why a business might consider hiring a trained HR officer
It is recommended to hire a Human resource specialist once a company has 50 employees and above. When a business has over 50 employees, it needs someone trained to manage their welfare and other human resources issues.
When a company is growing or expanding rapidly, it requires to employ more people. No matter the size of a business, when a business is hiring people frequently, it needs an HR officer to coordinate the recruitment process.
If a manager spends over 3 hours a day handling employee issues, then it's time to employ a trained HR officer. This gives the manager time to focus on their core mandate. A dedicated specialist will be best suited to address employee issues, which is beneficial to both the company and the employees.
Which management level devotes most of their time to planning and organizing the tasks crucial to determining an organization's long-term performance
Answers
The management level that devotes most of their time to planning and organizing the tasks crucial to determining an organization's long-term performance is the top-level management or senior management.
Top-level managers are responsible for setting the strategic direction of the organization and developing long-term plans to achieve organizational goals. They are also responsible for allocating resources and determining the overall structure of the organization.
In addition, they are responsible for establishing policies and procedures to guide the organization towards its long-term objectives. Top-level managers work closely with middle-level managers to ensure that the organization's resources are used effectively and efficiently.
Overall, top-level managers play a critical role in ensuring the long-term success of the organization by developing and implementing plans that guide the organization towards its goals.
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workflow structures processes so work proceeds in the most __________ order.
Answers
Workflow structures processes so work proceeds in the most efficient order.
The activities in the process and the transitions between them determine the structure of a workflow process. As a result, a workflow is a Graph with activities as vertices. Arcs serve as transitions (the graph that is formed by a workflow can be viewed by using the Visualize Workflow Process feature in the Process Definition Tool).
The graph formed by a process must meet certain criteria in order for the workflow engine to successfully interpret and run it. These criteria are presented in the section under two main headings: Graph Structure and Block Structure.
When creating process definitions, workflow designers should be aware of certain structural rules. When a Cram workflow process is validated, the validations determine whether the process structure conforms to these rules.
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Required information [The following information applies to the questions displayed below.] Project Y requires a $340,500 investment for new machinery with a four-year life and no salvage value. The project yields the following annual results. Cash flows occur evenly within each year. (PV of $1. FV of $1. PVA of $1. and EVA of $1) (Use appropriate factor(s) from the tables provided.)
Annual Amounts Project Y
Sales of new product $375,000
Expenses
Materials, labor, and overhead (except depreciation) 168,000
Depreciation-Machinery Selling, general, and administrative expenses 85,125
Income $94,875
2. Determine Project Y's payback period.
Answers
To determine Project Y's payback period, we need to calculate the time it takes for the cumulative cash flows to equal or exceed the initial investment of $340,500.
Year 1 Cash Flow: $94,875
Year 2 Cash Flow: $94,875
Year 3 Cash Flow: $94,875
Year 4 Cash Flow: $94,875
Cumulative Cash Flow:
Year 1: $94,875
Year 2: $94,875 + $94,875 = $189,750
Year 3: $189,750 + $94,875 = $284,625
Year 4: $284,625 + $94,875 = $379,500
Based on the cumulative cash flows, we can see that it takes until Year 4 for the cumulative cash flows to exceed the initial investment.
Since the payback period is the time it takes to recover the initial investment, the payback period for Project Y is 4 years.
Therefore, Project Y's payback period is 4 years.
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Interrelationships between micro, market and macro environment
Answers
The immediate setting in which a business functions is known as the micro environment. The term "macro environment" refers to the overall setting that may have an impact on how well all commercial companies operate. Competition, Organization as a Whole, Suppliers, Market, Intermediaries, and Customers (COSMIC).
The three environments interact with one another.
Through its strategies, the micro environment affects the market environment. The market environment, such as price cuts by competitors or changes in customer behavior, in turn, has an impact on the micro environment.
Through the market environment, such as the impact of taxation or a recession on consumer spending, the macro environment indirectly influences company.
Through interest rates on loans or regulations, the macroenvironment indirectly has an impact on the business.
Thus, Each environment's elements are interconnected.
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vertical analysis of financial statements is accomplished by preparing common-size statements. group startstrue or falsetrue, unselectedfalse, unselected
Answers
True, By creating common-size financial statements, vertical analysis of financial statements is performed. start group strue or false Unselected true Unselected false, an accurate statement.
By creating common-size financial statements, vertical analysis of financial statements is performed. All financial statement elements are shown in common-size statements as a percentage of a base amount, usually total assets or net sales. This technique of analysis makes it simpler to compare financial statements from the same firm or from different companies across various time periods. The percentage of various components in the financial accounts, as well as trends and relative size, may be determined using common-size statements. Common-size statements make it simpler to spot important trends, comparative strengths and weaknesses, and problem areas by presenting all data in relative terms. In summary, vertical analysis using common-size statements is a helpful method for financial statement analysis and offers insightful data on the status and performance of a company's finances.
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If there is a high demand for a product, then production will be__.
a. decreased
b. increased
c. the same
d. none of the above
Answers
Answer:
the answer is b. increased
Answer:
B.increased
Explanation:
if there is high damand for a product they will make/order more so they can get more money off of that popular item because a lot of people are buying it. so most likley the production of that item will be increased because it will help make them lots of money if they have that item in their store a lot.
peter parker pest control will pay an annual dividend of $3.50 one year from now. the dividend is expected to grow at a 10% rate for the following 3 years and then settle down to a steady growth rate of 3% per year in perpetuity. if peter parker’s required rate of return is 8%, what is the current value of a share of stock?
Answers
The current value of a share of stock for Peter Parker Pest Control can be calculated using the dividend discount model. This model takes into account the future dividends and the required rate of return.
To calculate the current value of a share of stock, we need to find the present value of all future dividends.
Step 1:
Calculate the present value of the dividend in one year using the formula:
Present Value = Dividend / (1 + Required Rate of Return)
Present Value = $3.50 / (1 + 0.08)
Step 2:
Calculate the present value of the future dividends using the formula:
Present Value = Dividend / (Required Rate of Return - Growth Rate)
Present Value = $3.50 / (0.08 - 0.10)
Step 3:
Sum up the present values of all future dividends using the formula:
Present Value = ∑ (Dividend / (Required Rate of Return - Growth Rate))
Present Value = (Dividend Year 2 / (Required Rate of Return - Growth Rate)) + (Dividend Year 3 / (Required Rate of Return - Growth Rate)) + (Dividend Year 4 / (Required Rate of Return - Growth Rate))
Step 4:
Calculate the present value of the perpetual dividend using the formula:
Present Value = Dividend / ( - Growth Rate)
Present Value = Dividend Year 5 / (Required Rate of Return - Growth Rate)
Step 5:
Add the present values of the future dividends and the present value of the perpetual dividend to get the current value of a share of stock.
The Required Rate of Return (RRR) is the minimum return that an investor or company expects to receive from an investment in order to compensate for the risk associated with that investment. It represents the rate of return necessary to make an investment financially attractive or worthwhile.
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Peter is planning his finances for the next couple of years. He wants to save money to eventually buy a house because he will be getting married
soon. He has created a savings plan revolving around his necessary expenses, and he has set a target of three years to save up a down payment
for a house. At which phase of the financial life cycle is Peter in?
Peter is in the____
phase of the financial life cycle.
Answers
Who do you think mergers help the most, consumers or the businesses that merge?
Answers
Mergers may improve product quality, which benefits consumers. For example, the merger of two start-up software companies could result in better quality products and faster time-to-market as the merged entity takes advantage of the research capabilities and facilities of their legacy companies.
What refers to the study of your strengths and weakness and the identification of your area of interest?
Answers
Answer:
Personality inventory
Explanation:
Question 10 10 pts What is the payback period for a project with an initial investment of $180,000 that provides an annual cash inflow of $20,000 for the first three years and $30,000 per year for years four through eight? O 7 years O 6 years O 8 years O 5 years
Answers
The payback period for this project is 7 years. So, the answer is A.
How to determine payback periodThe payback periodand is a financial metric used to evaluate the time it takes for an initial investment to be recovered through the project's cash inflows.
In this case, the initial investment is $180,000, with annual cash inflows of $20,000 for the first three years and $30,000 per year for years four through eight.
To calculate the payback period, we can break it down into two stages:
1. For the first three years, the project generates $20,000 per year
. After three years, the total cash inflow is $20,000 x 3 = $60,000.
2. After the first three years, the project still needs to recover $180,000 - $60,000 = $120,000.
Starting from year four, the project generates $30,000 per year.
To recover the remaining $120,000, it will take $120,000 / $30,000 = 4 years.
Adding the time required for both stages (3 years + 4 years), the payback period for this project is 7 years.
Therefore, the correct answer is 7 years.
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True or false Interpersonal workplace skills deal with your ability to get along with other people.
Answers
The given statement "Interpersonal workplace skills deal with your ability to get along with other people" is True because Interpersonal skills, also known as soft skills, people skills, or emotional intelligence, refer to the abilities that individuals possess to communicate effectively with other people and develop and maintain relationships.
Interpersonal workplace skills are critical in the workplace as it helps people in the organization interact with each other positively and enhances teamwork in the workplace. Individuals who possess strong interpersonal skills can work together effectively and efficiently, which leads to increased productivity in the organization. Some of the key interpersonal skills that people must have to thrive in a work environment include active listening, effective communication, conflict resolution, collaboration, time management, and empathy. Active listening is a vital interpersonal skill that individuals must have to thrive in the workplace.
It entails concentrating on the speaker, summarizing the information they provide, and asking relevant questions. Effective communication is another critical interpersonal skill. Clear communication ensures that every member of the organization understands the information and requirements communicated to them. Conflict resolution is also an essential interpersonal skill that individuals must have. It involves finding amicable solutions to disagreements between colleagues.
Collaboration is an essential interpersonal skill as it helps people work together towards common goals. Time management is also a critical interpersonal skill as it ensures that tasks are completed within the allocated time frame. Finally, empathy is an essential interpersonal skill that helps individuals understand and relate to the feelings and experiences of other people.
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How do bonds earn income
Answers
Answer:
The owner of the bond receives interest payments, known as the coupon, throughout the life of a bond, at the interest rate that was determined when it was issued.
Explanation:
They are debt obligations, meaning that the investor loans a sum of money (the principal) to a company or a government for a set period of time, and in return receives a series of interest payments (the yield).
What does accounting help you achieve in an organization?
Answers
Answer:
Accounting plays a vital role in running a business because it helps you track income and expenditures, ensure statutory compliance, and provide investors, management, and government with quantitative financial information which can be used in making business decisions.
Explanation:
PROFIT/LOSS = TOTAL REVENUE - TOTAL COSTS
lan set up a taxi firm one month ago. He has calculated that his total monthly revenue was £2400.
He has added his costs together for the first month and they came to £2800. However, he spent
£1000 on a car for the business that he will not need to spend again.
1) What was his profit/loss for the month?
For the month it was €
1
2) Next month, what will his profit/loss be?
3) List 2 things that could happen that would increase his costs?
Answers
Answer:
What's the question? :) I'm an econ major btw.
Explanation:
Which of the following is not an explanation that we discussed in class for how unions impact the labor market? a. We discussed all three. b. The negotiate wages directly, often above market equilibrium. c. They restrict supply of labor by requiring union-membership, requiring licensing, etc. d. They undertake activities to enhance the demand for labor, such as the demanding the use of labor intensive technologies.
Answers
The explanation not discussed in class for how unions impact the labor market is that they undertake activities to enhance the demand for labor, such as demanding the use of labor-intensive technologies.
In class, we discussed three ways in which unions impact the labor market. These are:
a. They negotiate wages directly, often above market equilibrium: Unions have the power to negotiate higher wages and better benefits for their members, which can result in wages above the market equilibrium and potentially lead to higher labor costs for employers.
b. They restrict the supply of labor by requiring union membership, licensing, etc.: Unions can limit the supply of labor by implementing requirements such as mandatory union membership or licensing, which can create barriers for individuals who do not meet these criteria or choose not to join a union.
c. They negotiate working conditions and job security: Unions advocate for better working conditions, job security, and protection of workers' rights through collective bargaining with employers.
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drill down reports are automatically produced when a situation is unusual or requires management action
Answers
Drill down reports are an essential tool in data analysis and management. These reports are automatically produced when a situation is deemed unusual or requires immediate attention. They provide a detailed breakdown of the data, allowing the management to identify the root cause of the issue and take appropriate actions. For example, if a sales report shows a sudden drop in revenue, the drill down report will enable the management to identify the specific product, location, or salesperson that is causing the problem. This level of detail is vital for effective decision-making and helps organizations improve their performance.
Drill down reports are a powerful tool that can enhance the accuracy and efficiency of management processes, making them an essential element in modern-day business operations.
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Which of the following is a reason to use a full-service investment firm instead of a discount investment firm
Answers
The reason to use a full-service investment firm instead of a discount investment firm is because of years of experience and guidance.
Full-service investment firmA full-service investment firm is a type of firm or a broker which provides the best and authentic services to its clients.
They are licensed firm that offers a variety of services to the client in a transparent and fair manner.
Some of the services are retirement planning, investments and savings, tax tips and advice, researches, etc.
These firms offer proper guidance to their clients and have years of experience in the field.
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functions of Okhal best answer will be chosen as brainnest
Answers
Answer:
The cerebellum receives information from the sensory systems, the spinal cord, and other parts of the brain and then regulates motor movements. The cerebellum coordinates voluntary movements such as posture, balance, coordination, and speech, resulting in smooth and balanced muscular activity.
Explanation:
thanks me later po
Answer:
the function of are as given below:
it is long lasting
smooth and easy to use
helps to grind different species
Explanation:
mark as a brainlist if it is correct
Flynn Company determines that it cannot collect $8,000 of its accounts receivable from its customer, MDC. Record the journal entry required of Flynn under (a) the direct write-off method and (b) the allowance method.
Answers
The particulars of the company under the direct write off and allowance method is a debit of 8000 dollars in the bad debts and credit of 8000 in the accounts receivable.
(a) the direct write-off methodBad debts expense
Debit = $8000
To Accounts receivables
credit = $8000
b) the allowance method.Allowance for doubtful accounts
Debit = $8000
Accounts receivables
credit = $8000
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what is stakeholders
Answers
Answer:
A stakeholder is a party that has an interest in a company and can either affect or be affected by the business.
Hope this helped you!
Explanation:
Explain the tradeoffs involved in setting an ideal level of inventory for a
particular product. What are the costs if too much is maintained? What are
the costs if too little is maintained?
Answers
The more inventory a company holds, the more space is needed, and space costs money
Too little? Less money and less product being sold.
What is an interpreter in change management?
Answers
The interpreter is ultimately in charge of making sure that what is said by one party is accurately relayed to the other.
What exactly does an interpreter do?In the case of sign language interpreters, they translate information between spoken and sign languages. Interpreters also translate information from one spoken language into another. People should be able to interact with the target language as naturally as if it were the source language, according to the interpreter.
What distinguishes an interpreter from a translator?While translators work with written material, interpreters mediate languages audibly. Translation professionals must possess strong reading comprehension, transfer, and target language producing abilities.
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what is meant by business objectives
Answers
Answer:
Business objectives are something which a business organisation wants to achieve or accomplish over a specified period of time. These may be to earn profit for its growth and development, to provide quality goods to its customers, to protect the environment, etc.
Answer:
Business objectives are something that a business organization wants to achieve or accomplish over a specified period of time.
Explanation:
These may be to earn profit for its growth and development, to provide quality goods to its customers, to protect the environment, etc.
You have purchased a machine for $248,608 and are depreciating it using a five-year MACRS schedule (20%, 32%, 19.2%, 11.52%, 11.52%. 5.76%). You are in a 26% tax bracket and will be able to sell the machine for $59,301 at the end of year four. Calculate your net incremental cash flow from the sale of this machine. (Round answer to nearest dollar)
Answers
The net incremental cash flow from the sale of the machine can be calculated by subtracting the tax liability from the after-tax proceeds of the sale.
The tax liability is calculated as the difference between the machine's book value and the proceeds of the sale, multiplied by the tax rate. First, we need to calculate the depreciation expense for each year using the MACRS schedule. The depreciation expense for each year is multiplied by the tax rate to determine the tax savings. The tax savings are then added to the cash flow from depreciation. In the fourth year, the book value of the machine is the initial cost minus the cumulative depreciation expense. The tax liability is calculated as the book value minus the proceeds of the sale, multiplied by the tax rate. Finally, the net incremental cash flow is calculated as the after-tax proceeds of the sale minus the tax liability. Given the information provided, the net incremental cash flow from the sale of the machine is $49,500.
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