You are currently employed at an audit firm called Smile Auditors. You are the Audit Senior on an exciting client called Thandi Wines. Thandi Wines has a February yearend. They are situated on a farm in Stellenbosch. On the farm, they have two restaurants, a deli, and a section where wine can be tasted. Located at the back of the farm is a hotel with 12 rooms available. 1: Hotel Reservations All hotel reservations have to be done online. Thandi Wines does not accept walk-ins or reservations via phone calls and emails. Potential customers are expected to browse the web page, which allows them to search the availability and costs of rooms of their choice. A customer who identifies an available room is able to book the room by providing his or her name, surname, ID or passport number, cell phone number, email address, and method of payment. Once a customer confirms a booking on the website, he/she has 48 hours to pay for the booking. Payment may be made either online by way of a credit card transaction (via a secure connection) or by an electronic funds transfer (EFT) when making the booking. Proof of payment must be faxed or emailed to Thandi Wines's offices. The room fee is recognised immediately as revenue at the time when payment is made by a customer. The bookings database of Thandi Wines is updated immediately and the room is reserved. A booking confirmation is issued automatically (via e-mail) to the customer shortly after proof of payment is received. At the end of each day, the customer file is automatically is updated to the general ledger. 2: Control Weaknesses Thandi Wines has a computerised (automated) real-time booking system. Mr. Damon, the Sales Manager of the hotel, asked you to advise him on improvements to deal with the following general control weaknesses: 1. Mrs. Erasmus, the Sales Officer of the hotel, is unsure of how to update the room tariffs on the automated (computerised) real-time booking system. 2. The central processing unit and related equipment of the booking system are situated in a secure part of the building. During the previous week, the equipment was damaged when heavy rain came down through a window that had been left open overnight. Investigations revealed that the operator had opened the window during the day to improve ventilation. 3. Access to the computer room after working hours is restricted by a steel gate, and an electronic surveillance system is activated by the last person to leave the room at the end of the day. 4. Damage to the data storage device resulted in data processing being disrupted for a week because nobody knew how to resolve the problem. 5. Furthermore, a fair amount of backed-up data was lost. Restructuring of the lost data was carried out from the booking confirmations printed in Mr. Damon's office. Required 2.1 Discuss the specific application controls that is currently not, but SHOULD be in place in relation to the accuracy and completeness of the internet reservation system as per section 1: Hotel Reservations.
Answers
Specific application controls that should be implemented for Thandi Wines' internet reservation system include controls related to user authentication, tariff updates, data backups, and error handling.
Thandi Wines' internet reservation system should have specific application controls in place to ensure the accuracy and completeness of the system. These controls can help mitigate the control weaknesses identified in the scenario. Firstly, user authentication controls should be implemented to ensure that only authorized individuals have access to the system. This can involve secure login credentials, password policies, and user access rights based on their roles and responsibilities.
Secondly, controls should be established to address the issue of updating room tariffs. Training and documentation should be provided to Mrs. Erasmus to ensure she understands how to update the tariffs accurately. Additionally, a review or approval process can be implemented to verify the accuracy of tariff updates.
Thirdly, data backups and disaster recovery procedures should be in place to protect against data loss and ensure continuity of operations. Regular backups of the reservation system's data should be performed, and a plan should be in place to restore the data in case of any disruptions or incidents.
Lastly, error handling controls should be implemented to address system disruptions and data storage device failures. This can involve having knowledgeable IT personnel who can resolve technical issues promptly and efficiently, as well as regular testing and maintenance of the system to identify and address any potential errors or vulnerabilities. Hence, implementing these specific application controls will enhance the accuracy and completeness of Thandi Wines' internet reservation system and help address the control weaknesses identified.
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Related Questions
David and Darlene Jasper have one child, Sam, who is 6 years old (birthdate July 1, 2014). The Jaspers reside at 4639 Honeysuckle Lane, Los Angeles, CA 90248. David's Social Security number is 577-11-3311, Darlene's is 477-98-4731, and Sam's is 589-22-1142. David's birthdate is May 29, 1987 and Darlene's birthday is January 31, 1989. David and Darlene's earnings and withholdings for 2020 are:
David: Earnings from Apple Company (office manager) $26,750
Federal income tax withheld 800
State income tax withheld 1,050
Darlene: Earnings from Rose Company (perfume tester) $26,200
Federal income tax withheld 1,050
State income tax withheld 1,000
Their other income includes interest from Pine Tree Savings and Loan of $950. Other information and expenditures for 2020 are as follows:
Interest: On home acquisition mortgage $11,300
Credit card 925
Taxes: Property taxes on personal residence 1,300
State income taxes paid in 2020 (for 2019) 300
Contribution (with written acknowledgement) to church 1,045
Medical insurance 675
Medical and dental expenses 6,175
Income tax return preparation fee paid in 2020 200
Actual general state sales tax for 2020 1,016
Payment of union dues 225
Contribution to David's IRA (no retirement plan at his work) 500
David and Darlene received a letter from Sam's daycare provider which contains information regarding child care expenses.
The Jaspers received a $2,900 EIP in 2020.
Required:
Complete David and Darlene's Form 1040, Schedule 1, Schedule 3, Schedule A, Form 2441, and Form 8880.
• Make realistic assumptions about any missing data.
• The taxpayers do not want to make a contribution to the presidential election campaign.
• Enter all amounts as positive numbers.
• If an amount box does not require an entry or the answer is zero, enter "0".
• If required round any dollar amount to the nearest dollar (unless instructed otherwise on the tax form).
• Assume alternative minimum tax is not a factor.
• David and Darlene received the following letter from Sam's daycare provider:
KIDDIECARE INC.
10250 Santa Monica Blvd.
Los Angeles, CA 90067
EIN: 13-3345678
January 14, 2021
David and Darlene Jasper
4639 Honeysuckle Lane
Los Angeles, CA 90248
Dear David and Darlene,
Thank you for your patronage of our day care center with your child, Sam Jasper, in 2020. This statement serves as a record of the cost of daycare services we provided during calendar year 2020:
Child Amount Dates of Service
Sam Jasper $3,680.00 1/1/2020 – 08/25/2020
Answers
David and Darlene Jasper's tax return for 2020. David and Darlene Jasper have one child, Sam, who is 6 years old (birthdate July 1, 2014). The Jaspers reside at 4639 Honeysuckle Lane, Los Angeles, CA 90248. David's Social Security number is 577-11-3311, Darlene's is 477-98-4731, and Sam's is 589-22-1142.
David's earnings from Apple Company (office manager) for 2020 is $26,750 with Federal income tax withheld of $800 and State income tax withheld of $1,050. On the other hand, Darlene's earnings from Rose Company (perfume tester) for 2020 is $26,200 with Federal income tax withheld of $1,050 and State income tax withheld of $1,000. Their other income includes interest from Pine Tree Savings and Loan of $950. Income from Apple = $26,750 Income tax withheld = $800 State income tax withheld = $1,050 Income from Rose = $26,200 Income tax withheld = $1,050 State income tax withheld = $1,000 Interest income = $950 Interest on home acquisition mortgage = $11,300 Credit card interest = $925 Property taxes on personal residence = $1,300 State income taxes paid = $300 Charitable contribution = $1,045 Medical insurance = $675 Medical and dental expenses = $6,175 Income tax return preparation fee = $200 Actual general state sales tax = $1,016 Payment of union dues = $225 Contribution to David's IRA = $500 Statement of daycare expenses from Kiddie Care Inc: Child amount - Sam Jasper = $3,680.00Dates of service = January 1, 2020 – August 25, 2020.Form 2441 (Child and Dependent Care Expenses)Schedule 1 (Additional Income and Adjustments to Income)Schedule 3 (Nonrefundable Credits)Schedule A (Itemized Deductions)Form 8880 (Credit for Qualified Retirement Savings Contributions)These are the tax return forms that need to be completed for David and Darlene Jasper's tax return for 2020.
The main answer to this question will be the completed tax return forms for David and Darlene Jasper's tax return for 2020. The completed tax return forms for David and Darlene Jasper's tax return for 2020 will be accompanied by a conclusion that summarizes their tax position for 2020.
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what happens to the customer waiting time if system utilization increases? question 6 options: increases proportionally
Answers
When system usage rises exponentially, the amount of time customers must wait increases. These include elements like the situation, the desired benefit, the user's status, the user rate, the level of preparation, and the attitude of the customer.
What exactly does the term "customer" mean?
customer definition A customer is a person or business who makes a purchase from another business. Customers are necessary because they generate revenue. Without them, enterprises could not operate as usual.
What do a customer and an example mean?
A customer is typically thought of as someone who makes a purchase of a good, service, or product. Customers are more clearly defined as individuals or organizations who are presently purchasing, have recently purchased, or may be considering purchasing a good or service from another person or business.
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to the extent that you can sanction others you have power over them is best interpreted to be which of the 5 bases of power?
Answers
The statement "to the extent that you can sanction others you have power over them" is best interpreted to be a manifestation of coercive power. Coercive power refers to the ability to punish or threaten to punish individuals for non-compliance or disobedience.
Sanctions can take various forms, such as reprimands, fines, demotions, or terminations. The use of sanctions as a means of influencing others' behavior is often associated with negative consequences. Those who hold coercive power can use it to instill fear and compliance in others, but this may not necessarily lead to genuine respect or loyalty.
In summary, the ability to sanction others is a key aspect of coercive power, which is based on the use of threats or punishment to enforce compliance. However, relying solely on coercive power can lead to resentment and a lack of engagement from subordinates. Effective leaders need to balance different types of power, such as reward, expert, or referent power, to achieve their goals and build positive relationships with their team.
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a company will have to pay a $50,000 liability in 4 years. how much must be deposited now into a bank account earning 8% compounded semiannually to fully fund the future payment?
Answers
The amount that must be deposited now into a bank account earning 8% compounded semiannually to fully fund the future payment of a company will have to pay a $50,000 liability in 4 years is $36,470.69.
The formula used to solve for the present value of the liability is the future value formula.FV = PV(1 + r/n)^(nt)FV represents the future value, PV represents the present value, r represents the interest rate, n represents the number of compounding periods per year, and t represents the time in years.
FV represents the future value, r represents the interest rate, n represents the number of compounding periods per year, and t represents the time in years.The given liability amount is $50,000, and the interest rate is 8%. Since the interest is compounded semiannually, the compounding period is 2, and the time to maturity is 4 years.
Therefore, substituting the values into the formula, the present value of the liability is calculated as;PV = FV/(1 + r/n)^(nt)PV = 50000/(1 + 0.08/2)^(2*4)PV = 36,470.69.Therefore, the amount that must be deposited now into a bank account earning 8% compounded semiannually to fully fund the future payment is $36,470.69.
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Culinary Solutions Inc. manufactures cooking and baking equipment and has its base in the country of Vandevar. It has approximately 300 stores across the country and is already active in three foreign countries. It attempts to establish itself in the country of Balalaika, and uses its low-cost strategy to do so. However, due to the additional costs associated with training, coordinating across geographic distances, and other costs associated with doing business in an unfamiliar cultural and economic environment, Culinary Solutions Inc. incurs huge financial losses in Balalaika. In this scenario, Culinary Solutions Inc.'s failure to establish itself successfully in Balalaika occurs most likely because
Answers
true or false: economics suggests that, at some point, the marginal improvements from dedicating more and more resources to preventing attacks will decline, while the marginal costs will rise.
Answers
Economics predicts that, eventually, the marginal benefits of allocating progressively more resources to attack prevention would wane while the marginal costs will increase.
Which of the following phrases most accurately sums up a public good? Decide which options apply.Public goods include things like the rule of law, national defense, and law enforcement. The availability of clean water and air is an example of a more basic public good.
Does investing the necessary funds to completely thwart similar assaults in the future make sense economically?Whether or not. The benefits of creating something even better won't always outweigh the costs, though. It will make more sense to stop short of perfection and apply the funds to a more advantageous endeavor.
In the most general sense, a free rider is someone who benefits from something without paying for it.
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the risk structure of interest rates refers to question content area bottom part 1 a. the relationship among the interest rates on similar bonds with different maturities. b. the relationship among the interest rates on bonds with the same maturity. c. the amount of additional yield necessary to compensate savers for the lesser liquidity of some bonds. d. the amount of additional interest necessary to compensate savers for the greater risk of default on some bonds.
Answers
The risk structure of interest rates refers to the amount of additional interest necessary to compensate savers for the greater risk of default on some bonds. The correct answer is "D".
The risk structure of interest rates refers to the relationship between the interest rates of different bonds that are perceived to have different levels of default risk. This risk structure is an important factor in determining the price of bonds and other debt instruments, as well as the overall cost of borrowing money in a given economy.
In general, bonds with a higher risk of default will require a higher interest rate to compensate investors for the additional risk they are taking on. For example, if a bond is issued by a company with a shaky financial history or a government with a high level of debt, investors will require a higher interest rate to invest in the bond than they would for a bond issued by a financially stable company or government.
The correct answer is "D".
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Is every leader a manager? Is every manager a leader? What skills do managers and leaders share? What skills make them different?
Answer in five to eight good sentences. Remember, grammar and spelling count!
Answers
Answer:
Managers must cope with a great level of complexity, which is common in information systems. Organizations manage complexity by planning, budgeting, staffing, job clarification, performance measurement, and problem-solving. A leader achieves strategic results by positioning the organization to add value to the campus, leading people to excellence, collective achievement, and fulfillment is no small task, but it is eminently rewarding.
Explanation:
Whom does the government and public administration career clutter serve?
A. Private citizens
B. Army and navy
C. Government employees and the military
D. National security and the foreign service
Answers
Answer:
it is A. Private citizens
Explanation:
edge 2020 :)
two economies are identical, except that the level of capital per worker is higher in highlan than in lowland. investment in lowland must be:
Answers
The investment in lowland must be increased in order to match the level of capital per worker in highland and achieve similar economic growth. This can be done through attracting foreign investment, encouraging domestic investment, or implementing policies that promote savings and investment. It is important to note that simply increasing investment without addressing any underlying issues such as corruption or inefficient bureaucracy may not lead to sustainable economic growth.
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What are 2 pros and 2 cons of working minimum wage
Plz help
Answers
Answer:
They raise prices or reduce the number of hours worked. Worker morale, productivity, and consumer spending all increase. But the pros only outweigh the cons if the minimum wage isn't too high. Wages cannot be so high that they reduce a company's ability to keep labor costs low during a recession.
Explanation:
Which careers are apart of the Finance career cluster?
A: Retail Agent, Pet Store Owner, Retail Buyer
B: Lawyer, Paralegal, Judge
C: Architect, General Contractor, Site Foreman
D: Fraud Investigator, Financial Analyst, Treasurer
Answers
Answer:
D, most likely
Explanation:
Answer:
Fraud Investigator, Financial Analyst, and Treasurer is the part of finance career.
Explanation:
A person interested in taking up a career in the finance field they are exposed to various options. Persons who have skills in finance can adopt certain careers like- analytics, treasuring or investigation of money. The above stated cluster of career is related to finance.
An investigator who investigates about the swindling of money is the fraud investigator; a financial analyst helps in analyzing the money policies to the clients and their investments and the treasurer handles money payments from customers.
Shondra’s family’s monthly net income is $6,654. The family’s budget is shown in the circle graph below. The family decides to increase the savings budget by 3 percent by decreasing one of the variable expenses by 3 percent. A circle graph titled Family Budget. Housing is 30 percent, Food is 27 percent, Savings is 10 percent, Transportation is 12 percent, medical is 7 percent, clothing is 10 percent, emergency fund is 4 percent. If the family decreases the clothing budget by 3 percent, what amount will it have to spend on clothing? Round to the nearest dollar. $266 $466 $645 $665
Answers
Answer:
B. 466
Explanation:
All you need to do is take the net income and multiply it with the percentage of the clothing budget. Since the budget for clothing is brought down from 10% to 7% the equation becomes:
\(6654(0.07)=465.78\)
Answer:
I believe that the answer is B
Explanation:
What does indigenous technology mean?
Answers
Answer: I hope this is helpful mark brainlist if right then no if wrong
Explanation:
Indigenous technology is used by the native inhabitants of a country or region and it constitutes an important part of its cultural heritage. Characteristically, indigenous technologies: Are recognized as animate, imbued with the breath of life and they live in form and function.Technologies employed by the native inhabitants of a country and which constitute an important part of its cultural heritage and should therefore be protected against exploitation by industrialized countries; the problem of indigenous knowledge has been discussed during the Rio Conference but it does not receive much ...Types of indigenous technology in India are; (i) Generic Drugs. (ii) Thorium based Nuclear Reactors. (iii) Plastic RoadsIndigenous Technology is created within a sensory environment that builds on our sense of relationship, meaning, balance, feeling, memory and place as well as sight, sound, smell, taste and touchIndigenization is the process by which Indigenous ways of knowing, being, doing and relating are incorporated into educational, organizational, cultural and social structures of the institution.One example of Indigenous Technologies in action today can be witnessed in differential approaches to medicine. Medical technologies in the Western Scientific sense of the term might conjure images of biomedical research labs, electromagnetic monitors or imaging systems such as CT or MRI scans.Indigenous technology is used by the native inhabitants of a country or region and it constitutes an important part of its cultural heritage. Characteristically, indigenous technologies: Are recognized as animate, imbued with the breath of life and they live in form and function.
How would consideration of the following directly or indirectly impact the efficiency and effectiveness of organizational structure? Explain your answer.
Competitors
Industry
Compliance or legal requirements.
Investors and lending sources.
Answers
Organizational structure refers to the way an organization is structured, including the roles, responsibilities, and relationships among employees and departments. A well-designed organizational structure can improve efficiency, effectiveness, and overall performance.
Here’s how the following factors can directly or indirectly impact the efficiency and effectiveness of organizational structure:
Competitors: Competitors can have a significant impact on organizational structure. Organizations that compete in a highly competitive market may require a more decentralized organizational structure to be more agile and respond quickly to changes. On the other hand, organizations with fewer competitors may benefit from a more centralized organizational structure to reduce redundancy and promote standardization.
Industry: Industry conditions can also impact organizational structure. Organizations operating in a fast-paced industry may require a flatter organizational structure to foster innovation and promote faster decision-making. On the other hand, organizations operating in a slow-paced industry may benefit from a more hierarchical organizational structure to ensure stability and consistency.
Compliance or legal requirements: Compliance or legal requirements can also impact organizational structure. Organizations must comply with various laws and regulations, such as labor laws, environmental regulations, and health and safety standards. Organizations must ensure that their organizational structure is aligned with these regulations.
Investors and lending sources: Investors and lending sources can also impact organizational structure. Investors may require more transparent organizational structures to make informed investment decisions, while lending sources may require more centralized organizational structures to ensure greater control over financial management.
In conclusion, an organization must consider various factors when designing or adjusting their organizational structure. The efficiency and effectiveness of organizational structure can be impacted directly or indirectly by competitors, industry conditions, compliance or legal requirements, and investors and lending sources.
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After a basketball tournament, nine of the team members go out to The Cheesecake Factory to celebrate your winning with a victory dinner. You all order dinner plus some people get dessert. When the check comes the waiters says it all has to be one ticket. What is the best option for this payment scenario?
Answers
The best option for this payment scenario is through credit card, a person may initially pay the whole amount while the rest of the team members can transfer their amount of dinner to the person who made the payment at the restaurant through P2P.
What is Credit Card?Credit card is the card that is issued by a bank and the card holder can avail the cash limit provided to him/her, without having an actual amount in the account. The credit card can be used for shopping and more and the bill for the credit card is generated at the end of the month and the payment by card holder is made, if the card holder delays the payment an interest is charged on the rate.
At the cheesecake Factory the payment can be made through a credit card and the other team members may transfer the amount to the person who makes the payment at restaurant with a credit card.
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What is the decrease in the overall value of an asset called?
ОА.
depreciation
OB.
deceleration
Ос.
amortization
OD
disinvestment
Answers
Answer:
C Amortization
Explanation:
Because I am smart
Answer:
depreciation
Explanation:
How do you know if a loaded lion is rare?
Answers
It is unclear what you mean by a "loaded lion." If you are referring to a lion in the wild, there is no way to determine if it is "loaded" or not.
A Loaded Lion NFT has sold for a whopping $1 million just three days after its launch! Early this week, Crypto.com launched its debut PFP NFT collection, Loaded Lions, for $200 each. Soon after, many of the NFTs in the collection began selling for hundreds of thousands of dollars.
On Friday, November 26, a collector named Mark Watney, bought Loaded Lion #1969 for $1 million. The NFT, dubbed The Mars astronaut, wears a ‘Fortune Favours the Brave’ spacesuit akin to the one worn by Matt Damon in ‘The Martian’. Interestingly, ‘Mark Watney’ is the name of the character Damon played in the movie.
However, if you are referring to a lion figurine or stuffed animal, you can determine its rarity by researching the specific item and seeing how many were made and how many are currently available on the market.
Additionally, you can look for any special markings or tags that indicate the item is a limited edition or one of a kind. It is important to note that rarity does not always equal value, and the true worth of an item is determined by what someone is willing to pay for it.
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Please help I'm about to fail my class and i will be grounded for life, 100 pts for it! its financial literacy
Part One–Research
Imagine you bought 100 shares of stock three years ago and are selling it today. Select a company and research its stock prices. You can start with websites like Nasdaq and Fidelity. Determine the stock's price three years ago, or the purchase price, and its price today, or the selling price.
Part Two–Determine the Real Return
Calculate the real return of your stock investment using the following information:
Purchase price of 100 shares of stock
Selling price of 100 shares of stock
10% tax rate
3% inflation rate
2% administrative fee on the selling price of the stock
Part Three–Evaluate
Analyze your research and calculations, and answer the following questions:
What company did you select to buy stock in? Why did you select the company?
Consider the real return of the stock investment. Do you consider it a wise investment? Why or why not?
Answers
1. I imagine buying 100 shares of Amazon.com Inc. on January 3, 2020, when the stock price was $93.75, investing $9,375.
Today, October 31, 2022, the stock price of Amazon.com Inc. is $102.44.
2. The real return on my investment in Amazon.com Inc was a net loss of 7.12% or $667.60.
3. The company I selected to buy its stock three years ago was Amazon.com Inc.
4. I decided on Amazon.com Inc., hoping to earn spectacular returns since it is a multinational technology company.
5. When I consider the actual return on the stock investment in Amazon.com Inc., I think it was an unwise investment.
6. The investment returned a negative real value because I realized less than I initially invested; I actually lost about $667.60 overall.
What is the stock investment?Stock investment is the purchase of shares for an ownership interest in a publicly-listed company.
The investor makes the investment with the hope that the investee will grow and perform well over some period, enabling the investor to earn some real returns (in the form of dividends and capital appreciation).
Purchase of 100 shares Jan. 3, 2020 = $9,375 (100 x $93.75)
Sales of 100 shares Oct. 31, 2022 = $10,244 (100 x $102.44)
Tax (10%) = $1,024.40 ($10,244 x 10%)
Inflation (3%) = $307.32 ($10,244 x 3%)
Administration fee on sales (2%) = $204.88 ($10,244 x 2%)
Real Returns in dollars = $8,707.40 ($10,244 - $1,024.40 - $307.32 - $204.88)
Loss on returns = $667.60 ($8,707.40 - $9,375)
Loss percentage = 7.12% ($667.60/$9,375 x 100)
Unfortunately, Amazon.com Inc. did not pay any dividends during the period of my investment, and I really lost funds to taxes, inflation, and administration fees when I sold it.
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Bill plans to deposit $200 into a bank account at the end of every month. The bank account has a nominal interest rate of 8 percent and interest is compounded monthly. How much will Bill have in the account at the end of 2½ years (30 months)?
Answers
The amount that should have in the account at the closing of 30 months is $6,617.77.
Given that,
The rate of interest = 8% ÷ 12 = 0.6666%The nper is = 2.5 × 12 = 30The monthly payment or pmt is $200The present value be $0Now the following formula should be used:
=-FV(RATE,NPER,PMT,PV,TYPE)
After applying the above formula, the future value is $6,617.77.
Therefore we can conclude that The amount that should have in the account at the closing of 30 months is $6,617.77.
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Bramble corporation is a small wholesaler of gourmet food products. data regarding the store's operations follow:
sales are budgeted at $270,000 for november, $250,000 for december, and $240,000 for january.
collections are expected to be 50% in the month of sale and 50% in the month following the sale.
the cost of goods sold is 75% of sales.
the company would like to maintain ending merchandise inventories equal to 65% of the next month's cost of goods sold. payment for merchandise is made in the month following the purchase.
other monthly expenses to be paid in cash are $23,300.
monthly depreciation is $14,300.
ignore taxes.
Answers
Using the subtraction operator, the difference between cash receipt and cash disbursement for December would be $67,400
Cash Receipts for December :
$(440,000 × 0.45) + $($460,000 × 0.55)
$198000 + $253000
= $451,000
Cash Disbursement for December :
Purchases + Other monthly expenses
($460,000 × 0.80) + ($440,000 × 0.80 × 0.60) - ($460,000 × 0.80 × 0.60) + $25200
= $383,600
Difference = Cash receipt - Cash disbursement
Difference = $451,000 - $383,600
= $64,700
Hence, difference in receipt and disbursement on December is $64,700
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If the demand for a product decreases, what is likely to happen?
A.
The supply is likely to increase.
B.
The demand is likely to be inelastic.
C.
The price is likely to increase.
D.
The price is likely to decrease.
Answers
When you put a check you received in the bank, you have immediate access to the money.
True or False.
Answers
Answer:
this is true hope this helps
Explanation:
According to the standard mortgage clause, who has the right to bring a suit in their own name to recover damages, pay policy premiums, and submit a proof of loss?
Answers
According to the standard mortgage clause, Mortgagee holds the right to obtain a suit in their name to recover damages, pay policy premiums, and submit proof of loss.
What is standard mortgage clause?An insurance clause known as a standard mortgage clause (also known as a union mortgage clause) protects the mortgage lender but not the borrower in the event of a loss affecting the mortgaged property. If the borrower willfully damages the property, this clause safeguards the lender. Mortgagee terms shield your lender from loss resulting from property damage, regardless of fault.
An insurance policy language known as a mortgagee clause ensures that the unpaid loan balance will be reimbursed in the case of a loss. This is achieved by giving the lender a share of the insurance proceeds.
Hence, According to the standard mortgage clause, Mortgagee holds the right to obtain a suit in their name to recover damages, pay policy premiums, and submit proof of loss.
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How does an improvement in productivity affect a business's profit margin?
A. It increases the profit margin by lowering costs.
B. It decreases the profit margin by lowering costs.
C. It decreases the profit margin by raising costs.
D. It increases the profit margin by raising costs.
Answers
Answer:
it increases the profit margin by lowering costs
Explanation:
An improvement in productivity affects a business's profit margin as it increases the profit margin by lowering costs. Thus, option A is correct.
What is the profit margin?Profitability is gauged by profit margin. Estimating the profit as a proportion of revenue is used to calculate it. Gross profit margin, operating profit margin, and net profit margin are the three different forms of profit margins. Gross profit is multiplied by net sales to determine the gross profit margin.
A company may produce more goods without increasing expenses by boosting productivity. Producing more opens up the possibility of increasing sales, which in turn might boost earnings. In addition to improving overall earnings, higher productivity can raise a company's profit margin.
The profit margin of a company is impacted by an increase in productivity since it lowers expenses and raises the profit margin. Therefore, choice A is correct.
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PERSONAL FINANCE
What is a deductible? (1 point)
O the maximum amount a policy will pay out in any one year
O the amount paid by the policyholder to the insurer on a regular basis for the policy
O the amount paid by the policyholder before the insurance policy starts paying on the claim
O the amount paid after the deductible has been satisfied and until the out-of-pocket maximum has been reached
Answers
A deductible is the amount paid by the policy holder before the insurance policy starts paying on the claim.
What is Insurance?Insurance is a contract that allows a party to secure its asset from damage and the other party charges a premium and in return when the asset is damaged the amount of the asset is refunded or as directed in the contract.
Policy holder pays annual or monthly premiums which is also known as the deductible, after the payment of deductible the insurance company pays the policy holder as per the terms agreed in the contract.
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Answer: 1. a policy purchased from a company that provides financial protection against financial loss or harm caused by a possible event
2. the amount paid by the policyholder to the insurer on a regular basis for the policy
3. the amount paid by the policyholder before the insurance policy starts paying on the claim
4. Health insurance policies for those who do not have access to employer-provided health plans or who do not qualify for government-provided plans, offered through a marketplace, and purchased by individuals for themselves and their families.
5. Medicare
Explanation: My quizlet name is Aron_Sonn so consider dropping by :)
Maude Eggert sells cosmetics for Soft Touch, Inc. She is guaranteed a salary of $700 a month, or 7 percent of her total sales—whichever is greater. What is her gross pay for a month in which her total sales were $10,984?
Answers
The larger of Maude Eggert's fixed income of $700 or 7% of her total sales of $10,984 would be her gross remuneration. 7% of $10,984 = $768.88 Her gross pay for the month would be $768.88 because $768.88 is more than $700.
We must figure out both Maude eggert's fixed salary and her commission based on her sales in order to establish her gross compensation for a month in which her total sales were $10,984. We'll first figure out her commission depending on her sales. 7% of $10,984 is the commission.
Commission: $768.88 (or 0.07 x $10,984) We'll then calculate her guaranteed salary: Guaranteed wage equals $700 The total of her commission ($768.88) and guaranteed salary ($700) would represent her gross compensation for the month because they are higher than each other: Commission plus guaranteed salary equals gross pay. Gross pay equals $768.88 plus $700. Payroll total: $1468.88 So, $1468.88 would be Maude Eggert's gross salary for a month in which her total sales were $10,984.
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When would you include an executive summary in a report?
Answers
Answer: Is B. When the report is 30 Pages long
Explanation: because I know
You are saving for retirement. To live comfortably, you decide you will need to save million by the time you are. Today is your birthday, and you decide, starting today and continuing on every birthday up to and including your birthday, that you will put the same amount into a savings account. If the interest rate is , how much must you set aside each year to make sure that you will have million in the account on your birthday?.
Answers
Answer:
To live comfortably, you decide you will need to save SI million by the time you are 65. Today is your 27th birthday, and you decide
Explanation:
What is the main goal of policymakers in regards to the business cycle?
a.to limit the volatility of the business cycle by reducing the size of both recessions and booms
b.to allow recessions to self-correct while actively preventing booms from growing into bubbles
c.to mitigate recessions while allowing economic booms to run their course
d.to increase the magnitude of both recessions and booms since the net result is higher economic growth
e.to maximize growth by fighting recessions and promoting economic booms
Answers
To lower the magnitude of both recessions and booms in order to lower the cycle's volatility. Policymakers seek expansionary monetary or fiscal measures when the economy is in a slump to prevent the recession from deepening or the economy from entering a depression.
What objectives does the business cycle have?
A business cycle is used to monitor economic activity. Practically speaking, the business cycle charts the growth, contraction, and recession phases of an economy. Your ability to invest, consume, and obtain credit may all be impacted. the business goals hierarchy. You should focus on a different hierarchy when creating a business: Survive. Sustain. Profit.
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