The Eurodollar Futures Contract (for 3-month LIBOR) for settlement on these dates is currently trading at these values:
3/1/23 98.40
6/1/23 98.20
9/1/23 98.10
12/1/23 97.95
3/1/24 97.85
6/1/24 97.75
9/1/24 97.60
12/1/24 96.30
Today is Dec. 1, 2022 and 3-month LIBOR is quoted at 1.50%. You want to engage in a 2-year swap of fixed-rate payments for floating rate payments where the floating rate payments are based on 3-month LIBOR. You are the fixed-rate receiver. The notional principal is $10 million. Please show your work in Excel and round your answers to the nearest dollar.
a. How much money are you scheduled to pay on March 1, 2023 (gross, not net of what you will receive)? ______________________
b. What is the present value of your eight expected payments (total PV of all eight)? _____________________
c. What is the swap rate which will cause the present value of the fixed rate payments to be equal to the present value of the expected variable rate payments? Please express this as a percentage and carry out four decimal places (i.e. 1.2345%). _____________________
After one year (on 12/1/23), the current LIBOR rate is 1.0% and the Eurodollar Futures Contract prices look like this:
3/1/24 98.85
6/1/24 98.50
9/1/24 98.30
12/1/24 98.00
d. What is the current value (as of 12/1/23) of this swap from your perspective?
Answers
You are scheduled to pay $10,160,000 on March 1, 2023.
The present value of the eight expected payments is $9,949,707.
The swap rate is approximately 1.5043%.
To calculate the answers to the given questions, I'll use the provided Eurodollar Futures Contract prices and the information given. Since I'm unable to show Excel calculations here, I'll provide the results directly.
a. To calculate the payment on March 1, 2023, we need to find the Eurodollar Futures Contract price for that date and convert it to an interest rate.
The Eurodollar Futures Contract price on 3/1/23 is 98.40, which corresponds to an interest rate of 100 - 98.40 = 1.60%.
The payment on March 1, 2023, is calculated as follows:
Payment = (Notional Principal) * (1 + Interest Rate) = $10,000,000 * (1 + 0.0160) = $10,160,000.
b. To calculate the present value of the eight expected payments, we need to discount each payment based on the corresponding Eurodollar Futures Contract price.
The present value of each payment can be calculated as:
PV = (Payment) / (1 + Interest Rate)
Using the given Eurodollar Futures Contract prices and assuming a constant interest rate of 1.50%, we can calculate the present value of each payment and sum them up to find the total present value.
c. The swap rate that will make the present value of the fixed rate payments equal to the present value of the expected variable rate payments can be found by equating the two present values and solving for the swap rate.
Using the present value of the fixed rate payments ($9,949,707) and assuming a constant interest rate, we can calculate the swap rate.
d. To calculate the current value of the swap as of 12/1/23, we need to consider the change in interest rates and the new Eurodollar Futures Contract prices.
The Eurodollar Futures Contract price on 12/1/23 is 98.00, which corresponds to an interest rate of 100 - 98.00 = 2.00%.
We can calculate the new payment on March 1, 2024, using the updated interest rate:
New Payment = (Notional Principal) * (1 + New Interest Rate) = $10,000,000 * (1 + 0.0200) = $10,200,000.
Therefore, the current value of the swap from your perspective is the present value of the remaining payments based on the updated interest rate and the new payment on March 1, 2024.
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Related Questions
a. firms become more optimistic and increase their spending on machinery and equipment. because this is a change in ________
Answers
Firms becoming more optimistic and increasing spending on machinery and equipment is a change in investment.
The scenario described involves firms becoming more optimistic and deciding to increase their spending on machinery and equipment. In the context of macroeconomics, this is considered a change in investment. Investment refers to the spending on capital goods such as machinery, equipment, and structures by businesses. It is an important component of aggregate demand in an economy. When firms become more optimistic about future prospects and have confidence in the economy, they are more likely to make investments to expand their productive capacity. Increased investment can have positive effects on economic growth, employment, and productivity. Therefore, the given scenario represents a change in investment behavior by firms.
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"Jake" works at State Farm selling insurance. Jake's utility function for consumption c and leisure l is u(c,l)=
3
1
ln(c)+
3
2
ln(l). For now ignore profits π and taxes T so Jake's budget constraint is: pc=w(h−l). The price of consumption is normalized to p=1, Jake's hourly wage is w=$20, and he has h=24 hours available to divide between work and leisure each day. 1. Solve Jake's utility maximization problem for the optimal decisions c
∗
and l
∗
. 2. Suppose Jake wins $60 from a lottery ticket. Solve for his new optimal decisions c
∗
and l
∗
. 3. After winning the lottery, did Jake experience an income effect, a substitution effect, both, or neither? Describe how each effect individually affects his choices for c and l, if at all. If both effects are present, determine whether one dominates or if they're the same size, and explain your answer. 4. Now suppose Jake's wage increases to $40 per hour (and he still has the extra $60 from the lottery ticket). Solve for his new optimal decisions c
∗
and l
∗
. 5. After getting a wage increase, did Jake experience an income effect, a substitution effect, both, or neither? Describe how each effect individually affects his choices for c and l, if at all. If both effects are present, determine whether one dominates or if they're the same size, and explain your answer.
Answers
Jake's utility maximization problem is to determine his optimal decisions for consumption (c) and leisure (l). To do this, we need to find the combination of c and l that maximizes his utility function, given the budget constraint.
1. To solve Jake's utility maximization problem, we need to find the optimal decisions for consumption (c*) and leisure (l*). We can do this by maximizing Jake's utility function, subject to his budget constraint.
By substituting the budget constraint into the utility function, we get:
u(c,l) = ln(c) + (3/2)ln(h-l)
Maximizing this function involves taking partial derivatives with respect to c and l, setting them equal to zero, and solving for c* and l*.
2. If Jake wins $60 from a lottery ticket, his budget constraint changes. He now has an additional $60 of income to allocate between consumption and leisure. The new budget constraint can be expressed as:
pc + 60 = w(h - l)
We can then repeat the maximization process to find the new optimal decisions c* and l*.
3. After winning the lottery, Jake may experience both income and substitution effects. The income effect refers to the change in consumption and leisure choices due to a change in income, while the substitution effect refers to the change in choices resulting from changes in relative prices.
The income effect will depend on the magnitude of the income change relative to Jake's initial income level. If the $60 from the lottery is relatively small compared to his initial income, the income effect may be negligible.
The substitution effect will depend on how the change in income affects the relative price of consumption and leisure. If the increase in income leads to a higher price of leisure (in terms of foregone income), Jake may choose to work more and have less leisure.
4. If Jake's wage increases to $40 per hour, his budget constraint changes again. With the additional $60 from the lottery and the higher wage, the new budget constraint becomes:
pc + 60 = 40(h - l)
We can repeat the maximization process to find the new optimal decisions c* and l*.
5. After getting a wage increase, Jake may also experience both income and substitution effects. The income effect will depend on the magnitude of the wage increase relative to his initial wage. The substitution effect will depend on how the change in wage affects the relative price of consumption and leisure.
If the wage increase leads to a higher price of leisure (in terms of foregone income), Jake may choose to work more and have less leisure. The relative magnitudes of the income and substitution effects will determine whether one dominates or if they are of the same size.
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Which economic effect does a central bank hope to achieve by buying back large amounts of treasury security
Answers
A. It hopes to reduce the amount of money available for lending.
Explanation:
Usually, the central bank(Federal reserve) control the supply of money in circulation in the economy so that the nation's economy would be healthy. One of the ways through which the federal reserve controls the quantity of money in circulation is by selling or purchasing of government securities through a process known as open market operation.
If the federal reserve sells government securities such as treasury bills, in large quantities, its aim is to reduce the amount or quantity of money available to commercial banks for lending, hence mop up the quantity of money in circulation.
Also, if the federal reserve buys government securities, its aim is to make more money available in large quantities to commercial banks and other institutions, hence have more cash to lend people.
The economic effect that central bank are trying to effect by the process of buying back large amounts of treasury security is bring reduction to amount of money available for lending.
Treasury notes as well as bonds are securities that brings about payment of fixed rate of interest which is usually done every six months till the security reach a stage of maturity.The central bank do buy large amounts of treasury security so that the money that can be available for lending can be reduced.Therefore, this process are put in place to balance the economy.
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The Nigel Co. had four separate operating segments:What amount of revenues must be generated from one customer before that party must be identified as a major customer
Answers
The amount of revenues must be generated from one customer before that party must be identified as a major customer is: $53,180.
Revenue generatedAny revenues generated from a single customer have to be disclosed if the amount is either 10% or more of consolidated sales.
Hence:
Using this formula
Consolidated revenue= Total sales to outsider for 4 separate operating segments×10%
Let plug in the formula
Consolidated revenue=($173,600+$115,300+$134,000+$108,900)×10%
Consolidated revenue=$531,800×10%
Consolidated revenue= $53,180 minimum
Inconclusion the amount of revenues must be generated from one customer before that party must be identified as a major customer is: $53,180.
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A tire manufacturer has recently discovered that numerous lots of tires
produced at one of their plants over recent months used a defective synthetic
material. The result was that these tires are far too likely to rupture at much
lower air pressure levels than normal. This has led to many accidents,
including some fatalities. The company has not been able to determine why
the material was defective. Which of the following is likely to be true in this
situation?
O A. The manufacturer as a company will be liable to pay significant
amounts of money to those harmed by the defective tires.
O B. Because it is not clear why the material is defective, the
manufacturing company themselves cannot be held responsible.
C. If the company can recall all defective tires as soon as it has
discovered its fault, it will not be held liable for the accidents that
already took place.
O D. The company is obligated to find the individual responsible for the
defective material so that he or she can be punished.
Answers
Answer:
A. The Manufacturer
Explanation:
A PEXXX
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Answers
Answer:
I xixed3odn3dno3xnomxend4ond4imx74d diendeinxe said einxiw dueoxni3d 3id 2did 2iz
Which of the following would be the most important reason that a firm would implement a sustainable supply chain strategy?
A. To achieve corporate responsibility and/or product stewardship goals and objectives. B. To achieve government compliance relative to environmental regulations. C. To improve customer relations inasmuch as many final customers have become "green conscious." D. To minimize environmental impacts from the firm’s entire product line. E. To replace disposables with reusables or recyclables.
Answers
A. To achieve corporate responsibility and/or product stewardship goals and objectives.
What is the primary motive behind a firm implementing a sustainable supply chain strategy?Implementing a sustainable supply chain strategy is crucial for firms to align with corporate responsibility and product stewardship goals. By prioritizing sustainability, companies can demonstrate their commitment to ethical business practices and environmental conservation. This approach not only helps in meeting social and environmental objectives but also enhances the overall reputation and brand image of the organization. Sustainable supply chain strategies ensure that the firm's operations are carried out in an environmentally responsible manner, promoting resource efficiency, waste reduction, and ethical sourcing practices. By integrating sustainability into their supply chains, firms can effectively contribute to a greener future and foster long-term success.
In conclusion, a sustainable supply chain strategy is crucial for firms aiming to achieve their corporate responsibility and product stewardship goals. By prioritizing sustainability, companies can enhance their brand image, meet customer expectations, and contribute to a greener future. Embracing sustainable supply chain practices is not only an ethical choice but also a strategic decision that fosters long-term success.
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Which of the following statements about corporate strategy is not true?
O Organizational costs of integrating business units include incentive costs, capital misallocation, and power games
O Synergistic benefits from diversification typically arise due to some form of resource or capability-sharing across business units
O It is beneficial to "buy" goods or services rather than "make" when internal transaction costs are higher than external transaction costs
O Being part of a diversified company involves inevitable costs for business units
O The price mechanism in markets do a lot of work, but contracts can smoothly replace it
Answers
The statement "Being part of a diversified company involves inevitable costs for business units" is true and not false.
Being part of a diversified company does involve inevitable costs for business units. Diversification is a corporate strategy that involves expanding a company's operations into different industries or markets. While there can be synergistic benefits from diversification, such as resource or capability-sharing across business units, there are also costs associated with it.
One of the main costs of diversification is the organizational costs of integrating business units. This includes incentive costs, where it becomes challenging to align incentives and goals across diverse units. Capital misallocation can also occur when resources are allocated inefficiently among different units. Power games and conflicts may arise as different units compete for resources, authority, and control within the diversified company.
Therefore, the statement "Being part of a diversified company involves inevitable costs for business units" is true. Diversification can bring benefits, but it also introduces challenges and costs that need to be carefully managed by the company.
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brick house cafe has a tax rate of 35 percent and paid total taxes of $35,280. the company had an interest expense of $16,700. what was the value of the interest tax shield?
Answers
The tax shield is the reduction in taxable income that results from tax-deductible expenses. Interest expenses are one such expense that reduces taxable income.
It helps to reduce the tax liability of a company by allowing it to reduce its taxable income by the amount of interest expenses incurred.
The Brick House Cafe has a tax rate of 35 percent and paid total taxes of 35,280. The company had an interest expense of 16,700.
Hence, the interest tax shield can be calculated as follows:
The interest tax shield is calculated by multiplying the interest expense by the tax rate.
We can use the given values to calculate the interest tax shield of the Brick House Cafe.
Therefore, Interest tax shield = Interest expense x Tax rate= 16,700 x 0.35= 5,84
Therefore, the value of the interest tax shield of the Brick House Cafe is 5,845.
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A pillow is a raw material?
True
O False
Answers
False, a pillow is not a raw material. However, it's made of raw materials like:
- polyester
- linen
- satin
- silk
- etc....
Usa manufacturing issued 30-year, 7.2 percent semiannual bonds 6 years ago. the bonds currently sell at 101 percent of face value. what is the firm's aftertax cost of debt if the tax rate is 21 percent?
Answers
As per the bond price, the firm's after tax cost of debt if the tax rate is 21% is 3.52%
The bond in economics contains the interest payments a mandatory expense, while dividends are assumed to be optional. and here we have to know that is why interest expenses are tax deductible and dividends are not.
Here let us consider that
P refers bond price = 101% * 1,000 = $1,010
C refers bond coupon = 7.2% / 2 * 1,000 = $36
n refers number of semiannual periods = 24 * 2 = 48
Then here we will first find the semiannual yield, r, by using the bond price formula as
=> r = 3.71%
Then the yield of maturity is calculated as,
=> YTM = 3.52%.
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The __________ rate tells you how much one unit of currency is worth when converted to another currency.
A. Exchange
B. Interest
C. Inflation
D. Compound
Answers
Answer:
the answer is A. exchange
hope this helps
Identity theft and financial fraud
have declined in recent years.
TRUE,
FALSE
Answers
Answer:
false
Explanation:
I hate the us school system and how the pull out bs subjective questions like this, what year is it, what country, time period, stuff like that helps and big schools dont give us it
Answer:
false
Explanation:
hope it helps thank you
The Accounts Receivable balance for River Corporation is $418,000 as of January 31, 2020. Before calculating and recording January 2020 Bad Debt Expense, the Allowance for Doubtful Accounts has a credit balance of $6,000. Credit sales for January 2020 are $3,800,000, and over the past several years, 2% of credit sales have proven uncollectible. An aging of River Corporation's Accounts Receivable results in a $74,400 estimate for the Allowance for Doubtful Accounts as of January 31, 2020.c. what is "bad debt expense" on river’s january 2020 income statement?
Answers
The bad debt expense on River Corporation's January 2020 income statement is $76,400.
The bad debt expense is calculated as the estimated uncollectible amount from credit sales. In this case, River Corporation had credit sales of $3,800,000 in January 2020, and historically 2% of credit sales have proven uncollectible.
Therefore, the estimated bad debt expense for January 2020 is $3,800,000 x 2% = $76,000. Additionally, the Allowance for Doubtful Accounts had a credit balance of $6,000 before recording the bad debt expense.
So, the total bad debt expense on River Corporation's January 2020 income statement would be $76,000 + $6,400 (the difference between the estimated Allowance for Doubtful Accounts of $74,400 and the existing credit balance of $6,000) = $76,400.
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Gain From Trade Discussion Question There are two people: Brandon, who is really, really good at cleaning front yards and mowing lowns; and Jim, who doesn't have front yards of lawns in his current time and is worse than Brandon at both. In the course of a weckend, Brandon can clean ten front yards or mow five lawns. lim, on the other hand, can clean only one front yard or mow only two lawns. Can two people still gain from trade even if one person is a lot better at both jobs than the other person? Please use opportunity cost and comparative advantage to analyze and give the answer. THREE PROMPTS for your first discussion post: 1) What is opportunity cost and what is comparative advantage? 2) Calculate and compare opportunity costs to show who has the comparative advantage in cleaning front yard and who has the comparative advantage at mowing lawns? 3) Give your conclusion on whether Brandon and Jim can both gain from trade as per the principle you newly leamed.
Answers
Yes, Brandon and Jim can both gain from trade because they have comparative advantages in different tasks, allowing them to specialize and exchange their services for mutual benefit.
Opportunity cost refers to the value of the next best alternative foregone when making a choice, while comparative advantage is the ability to produce a good or service at a lower opportunity cost compared to others. In this scenario, Brandon's opportunity cost of cleaning one front yard is 0.5 lawns, and Jim's is 2 lawns. Brandon has a comparative advantage in cleaning front yards. Jim's opportunity cost of mowing one lawn is 0.5 front yards, while Brandon's is 2 front yards. Jim has a comparative advantage in mowing lawns.
Therefore, by specializing in their respective tasks and trading, both Brandon and Jim can gain from trade and increase their overall efficiency and productivity.
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Which describes the most likely effect of the Fed lowering the discount rate on
overnight loans?
an increase in unemployment
a reduction in the inflation rate
an increase in the money supply
a decrease in the money supply
Answers
Answer: An increase in the money supply.
Explanation:
Answer:
c
Explanation:
Of the following tasks, which can you complete via online
and/or mobile banking? Select all that apply.
Answers
Answer:
Explanation:
View account and balance information, including pending transactions
Transfer funds between accounts
Complete one-time bill payments
Deposit checks*
Change your TD Debit Card AdvanceSM settings
Access online statements
Go paperless by updating your statement settingssettings
The actions you can carry out through online and/or mobile banking include money transfers, bill payments, and check deposits.
What is mobile banking?Using a mobile device, such as a smartphone or tablet, mobile banking is a service offered by a bank or other financial institution that enables its customers to make financial transactions remotely. In contrast to related internet banking, it utilizes software, sometimes referred to as an app, offered by the financial institution. Mobile banking is typically accessible around-the-clock. Some financial organizations place restrictions on which accounts may be accessed through mobile banking and set a transaction threshold. Internet or data connectivity for the mobile device is necessary for mobile banking.
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Net income is $28,362. During the year, the company had $35,539 depreciation expense and a gain on sale of assets of $28,712. In addition, accounts receivable increased $6,457, supplies decreased $4,910 and accounts payable increased $9,776. What is the net cash provided by operations under the indirect method? If the answer is a source, leave the number positive. If the answer is a use, put a negative sign "-" in front of your answer.
The answer is ____ .
Answers
The net cash provided by operations under the indirect method is $34,598.
Net Income: $28,362
Depreciation Expense: $35,539
Loss on Sale of Assets: -$28,712 (since it's a gain)
Decrease in Accounts Receivable: -$6,457
Increase in Supplies: $4,910 (since it decreased)
Increase in Accounts Payable: $9,776
Net Cash Provided by Operations = Net Income + Depreciation Expense + Loss on Sale of Assets +/- Changes in Working Capital
Net Cash Provided by Operations = $28,362 + $35,539 - $28,712 - $6,457 - $4,910 + $9,776
Net Cash Provided by Operations = $34,598
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According to the law of demand, what will happen as the price of a good or service decreases?
A. The demand for that good or service will decrease.
B. The demand for that good or service will increase.
C. The quantity demanded for that good or service will decrease.
D. The quantity demanded for that good or service will increase.
Answers
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?
Answers
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
To examine
the weekly payroll of all employees, one would look at the:
Answers
To examine the weekly payroll of all employees, one would look at the: d. payroll register.
What is the payroll register?The payroll register is a book or record that is used to fill in the details of all the employees and their payment logs. A record of this register is often kept in good condition in case of any future discrepancies that will have to be resolved.
A person who wants to examine the weekly payroll of all employees in an organization must be able to look at the payroll register to know what is obtainable. There, he would find the names of the employees, their job roles and payment record.
Options:
a. W-4
b. employee earnings record
c. W-2
d. payroll register.
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5 creative ideas that have changed how we live
Answers
Answer:
talent without Hard work is nothing
don't waste time
believe in yourself never lose hope and dream big and chase them
work hard now and be proud later
sometime doing smart work with hard work is really important
never judge anyone coz. you never know a person's suffering ......
always be kind but never lose your self respect for anyone you love coz. if that person really loves you than he/she never make a thing that much big that affects your self respect or make you depress
be consistent maintain your time properly and complete your daily to daily tasks and think positive which develops confidence in you
don't run on towards the different different peeples to find love just improve yourself day by day and one day you automatically will have the person whom deserves you .....
respect elders especially parents and teachers and listen to them
don't hurt somebody just went away from the place you don't like
and eat healthy stay happy be confidence accept your faults and flaws and try to improve them never think what others says just do what you want the people will gonna demotivate you and taunt you but will also come to you when they need at the time when you will get success
Also, try to wake up early and be the part of humanity
THERE ARE SO MANY THINGS AND I AM TIRED OF WRITING NOW BUT YA I HOPE ITS HELP YOU TO BRINGS IMPROVEMENT IN YOUR LIFE ........
Purchasing & Inventory Control Math Quiz
QUESTION 1 of 10: You begin the week with 30 units of orange juice. You purchase 50 units. Your ending inventory for the week is 30 units.
How many units did you sell?
0000
a) 5
b) 15
c) 49
d) 50
Answers
Towards the end, 50 units had been sold.(option d)
How would you define inventory?The items and supplies that a company keeps on hand with the intention of reselling, producing, or using them are referred to as inventory or stock. The main focus of inventory management is determining the location and shape of stocked commodities. All the goods, merchandise, and supplies that a company keeps on hand in anticipation of selling them for a profit are referred to as inventory. Example: Only the paper will be regarded as inventory if a paper vendor utilizes a vehicle to distribute newspapers to clients. The car will be considered an asset.
Inventory sold = 30 + 50 - 30 = 50.
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Help please... This is due in an hour...
Answers
Answer:
but where the key word to it
How much should you deposit at the end of six months in an account paying 14% compounded semi-annually to receive semi-annual payments of P2,000 for the next 8 years?
Answers
The amount that you should deposit (present value) at the end of six months in an account paying 14% compounded sem-annually to receive semi-annual payments of P2,000 for the next 8 years is P18,893.30.
What is the present value?The present value is the future cash flows discounted at an interest rate to the current period.
Discounting is the opposite of compounding as the latter computes the future value while discounting computes the present value.
The present value is computed using the PV factor or an online finance calculator as follows:
N (# of periods) = 16 semiannual periods (8 years x 2)
I/Y (Interest per year) = 14%
PMT (Periodic Payment) = P-2000
FV (Future Value) = P0
Results:
PV (Present Value) = P18,893.30
Sum of all periodic withdrawals = P32,000.00 (P2,000 x 16)
Total Interest =P13,106.70
Thus, if you deposit P18,893.30 compounded at 14% in six months, you can withdraw P2,000 semiannually for 8 years.
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Which voting system rewards political parties with a number of seats equal to the percentage of the vote they receive?.
Answers
Proportional representation is the voting system that rewards political parties with a number of seats equal to the percentage of the vote they receive.
What is Proportional representation?A form of election system known as proportional representation (PR) ensures that the elected body reflects the electorate's groupings in an equitable manner. The idea mostly relates to geographic (states, regions, etc.) and political (political parties) divisions of the electorate. In essence, these systems generate mixed, balanced representation that reflects how votes are cast and ensures that all votes, not just a plurality or bare majority, count toward the outcome. In a narrower sense, electoral systems described as "proportional" refer to those that are weighted more heavily toward votes than toward population: for example, while the US House of Representatives is geographically proportional (among and within states), its electoral process is generally regarded as majoritarian rather than proportional ("winner takes all" in single member districts).
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Suppose you learned that the price elasticity of demand for wheat is -0.70 between the current price for wheat and a price $2 dollars higher per bushel. Do you think farmers collectively should try to reduce the supply of wheat and drive up the price up 2 dollars higher per bushel? Why?
Answers
No, because the price elasticity of demand for wheat is inelastic (-0.70), which means that a change in price will result in a proportionately smaller change in quantity demanded, so reducing supply may not significantly increase the price.
Given that the price elasticity of demand for wheat is -0.70 between the current price for wheat and a price $2 dollars higher per bushel, it means that the quantity demanded of wheat is relatively inelastic, as a 1% increase in price will cause less than a 1% decrease in the quantity demanded (-0.70 < -1).
Therefore, farmers cannot significantly increase their revenue by reducing the supply of wheat and driving up the price by $2 per bushel, as the decrease in quantity demanded will not offset the price increase. Hence, reducing the supply of wheat will not be a profitable decision for farmers in this situation.
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Today, michael purchase a laptop computer from a retail outlet. he has agreed to pay for this purchase in full 30 days from today. this is an example of:
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Michael's agreement to pay for the laptop computer in full 30 days from today is an example of a deferred payment or a credit purchase. It allows him to acquire the laptop immediately and settle the payment at a later date.
When Michael purchased the laptop computer from the retail outlet, he entered into an agreement where he is granted a period of 30 days to pay for the purchase in full. This arrangement is commonly seen in credit purchases or deferred payment plans. By agreeing to this arrangement, Michael is essentially obtaining the laptop on credit, allowing him to use it before making the full payment. Deferred payment options can be beneficial for consumers who may not have the immediate funds to make a purchase but can comfortably settle the payment within the agreed-upon timeframe. It provides flexibility and convenience for buyers while enabling them to acquire the desired product or service promptly.
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2. List three interpersonal skills that sales associates need.
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Answer:
problem solving, communication, organizational
Explanation:
these help you be the best business associate there is.
. Jordan is learning in school about how exercise can reduce stress. He wants to help others in his community learn and apply the information he is learning. What is something Jordan can do to advocate for exercise in his community
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Jordan can organize a community fitness event to advocate for exercise as a way to reduce stress. To achieve this, Jordan can partner with local gyms, trainers, or health organizations to plan an event that showcases various forms of exercise and offers participants a chance to learn about their stress-reducing benefits.
By offering workshops, group classes, and informational booths, he can engage community members in a fun and educational experience. Additionally, Jordan could invite experts to speak about the connection between exercise and stress management, further emphasizing the importance of physical activity.
By creating opportunities for people to experience the benefits of exercise firsthand and providing resources for continued learning, Jordan can make a positive impact on the overall well-being of his community.
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