You have found three investment choices for a one-year deposit:
10% APR compounded monthly, 10.6% APR compounded annually, and 9.9%
APR compounded daily. Compute the effective annual rate EAR for
each
Answers
The effective annual rate (EAR) refers to the yearly interest rate obtained on a deposit that is compounded more than once per year. EAR is usually greater than the annual percentage rate (APR) since it considers the effects of compound interest.
The EAR for the three investment options with given APRs compounded monthly, annually, and daily is to be computed. EAR can be calculated as (1 + (APR / n))^n - 1, where n is the number of compounding periods within a year. The calculations are as follows:For investment A, APR = 10%, and it is compounded monthly.
Therefore, n = 12 (number of months in a year).EAR = (1 + (10%/12))^12 - 1EAR = 10.47%For investment B, APR = 10.6%, and it is compounded annually. Therefore, n = 1.EAR = (1 + (10.6%/1))^1 - 1EAR = 10.6%For investment C, APR = 9.9%, and it is compounded daily.
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Related Questions
Islanders are getting tired of fish and are looking for alternatives to provide protein to their diet. Elizabeth and Matty decide to work together to build traps to catch the wild pig that are on the island.
Create a simple supply and demand curve that would show the shift in demand
Answers
As there was a decrease in demand for fish among the islanders, Elizabeth and Matty decide to work together to build traps to catch the wild pig that are on the island. Hence the demand curve of fish declined and the supply curve of pigs will rise.
How do supply and demand curves work?The demand curve illustrates how much of a certain good or service customers will be able and willing to purchase at each price over a specific period of time. The supply curve shows how much inventory retailers plan to put up for sale at various prices at the same time. Supply and demand serve as a microeconomic model for determining pricing in a market.
Supply and demand serve as a microeconomic model for determining pricing in a market. The demand curve for products and services can change depending on a number of factors, including changes in population, income, the cost of complementary or substitutive goods, and expectations for future conditions and prices. As a result, a different amount may be demanded at a particular price.
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During 2018, Leucothea Co. became involved in a legal dispute with a supplier. At December 31, 2018, Leucothea’s legal advisor believed that an unfavorable outcome was probable. A reasonable estimate of resulting monetary damages is $100,000 but could be as much as $200,000. Leucothea has legal liability insurance coverage that limits their loss to $80,000. After the 2018 financial statements were issued, Leucothea agreed to settle the case for $125,000. What amount of accrued liability should Leucothea have reported in its December 31, 2018 balance sheet?
Answers
Answer:
$80,000
Explanation:
Prudence allows that liabilities should not be understated and assets should not be overstated .
As the case is probable to result to a liability by the lawyers assessment , this means that it is more likely to happen and liability should be recognized . However , there is an insurance that limits the liability to the tune of $80,000 regardless of the agreement made towards the settlement.
The sum of $80,00 should be recognized as the liability in the statement of financial position
URGENT HELP PLEASE
What are some of the reasons that excel is important in a finance career? Why is it important to learn tricks like shortcuts in excel? How is a program like excel better than doing math by hand or with a calculator?
Answers
Answer:
Excel is an important tool in finance as it allows for efficient organization, calculation, and analysis of large amounts of data. The ability to perform complex calculations and present data in a clear and organized manner can save time and increase accuracy compared to doing math by hand or with a calculator. Additionally, shortcuts in Excel allow users to work faster and more efficiently, enabling them to handle larger amounts of data and perform more advanced analysis. Overall, proficiency in Excel is a valuable skill in finance as it enables professionals to perform their job duties more effectively and efficiently.
Hope this helps.
6) the misperceptions theory of the short-run aggregate supply curve says that if the price level is higher than people expected, then some firms believe that the relative price of what they produce has
Answers
As per misperceptions theory of the short-run aggregate supply curve, when price level is higher, some firm believe tha the relative price of what they produce has increased, so they increase production.
The whole supply of items and services produced inside an economy at a specific overall price over a specific time period is known as aggregate supply, sometimes known as total production. The connection among market prices and the amount of output that businesses are capable of producing is depicted by that of the aggregate supply curve. Usually, the level of prices and total supply have a positive connection. Short-run rises in demand (and pricing) cause aggregate supply to employ a greater number of present inputs used in the manufacturing process. A corporation cannot, for example, build a new facility or implement a new technology to improve efficiency in the short run to medium term because the level of capital is set.
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1. How much does Kal Penn recommend you save?
Answers
Answer:
20% of your savings.
Explanation:
A 3rd degree burn has burnt only part of the epidermis. the epidermis only. the epidermis and dermis. the epidermis and part of the dermis.
Answers
A 3rd degree burn has burnt the epidermis and part of the dermis. Option 3 is the correct answer.
A 3rd degree burn is a severe burn that extends through the entire thickness of the skin. In a 3rd degree burn, the epidermis, which is the outermost layer of the skin, and part of the dermis, which is the layer beneath the epidermis, are affected. This type of burn destroys the full thickness of the epidermis and can extend into the deeper layers of the dermis.
The epidermis serves as a protective barrier for the body, preventing the entry of harmful substances and pathogens. It also helps regulate body temperature and plays a role in the production of vitamin D. The dermis provides structural support, contains blood vessels, nerve endings, sweat glands, and hair follicles.
Due to the severity of the injury, 3rd degree burns often require medical intervention and specialized treatment. They can result in extensive tissue damage, loss of sensation, and impaired healing. Treatment may involve surgical interventions, such as skin grafting, to promote healing and minimize the risk of infection. Rehabilitation and long-term care are often necessary to manage the physical and psychological effects of a 3rd degree burn.
Hence, option 3 is the right choice.
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4.43. you borrowed $12,000 to buy a new car from a bank at an interest rate of 9% compounded monthly. this loan will be repaid in 48 equal monthly installments over four years. immediately after the 20th payment, you desire to pay the remainder of the loan in a single payment. compute this lump-sum amount.
Answers
The 20th monthly payment the remainder of the loan can be paid in the entirety by a lump-sum payment of $7,521.09. Here, is the attached solution.
What Is an Equated Monthly Installment (EMI)?
Equivalent monthly instalments (EMIs) are fixed payments made by a borrower to a lender on a particular day each month. In order to pay off the loan in full over a predetermined number of years, equal monthly instalments are applied to the principal as well as interest each month.
The borrower pays regular periodic payments to the lender over a number of years to pay off the loan in the most popular loan forms, including mortgages on real estate, vehicle loans, and student loans.
A borrower makes a set payment to a lender on a specific day each month known as an equated monthly instalment (EMI).
Every month, EMIs are used to pay both interest and principle, reducing the loan's balance over a certain amount of time.
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Bruce borrowed $1,000 for his trip.
If Bruce waits for five years to begin paying back his loan, how much will he owe?
Answers
Explanation:
Assuming that the loan has a fixed interest rate, we need to know the interest rate in order to calculate the amount that Bruce will owe after five years.
For the purpose of this example, let's assume that the interest rate is 5% per year (this is just an example, the actual interest rate may vary).
Using the formula for compound interest, we can calculate the amount that Bruce will owe after five years:
A = P(1 + r/n)^(n*t)
where:
A = the amount that Bruce will owe after five years
P = the initial principal (the amount that Bruce borrowed), which is $1,000
r = the annual interest rate, which is 5% (or 0.05 as a decimal)
n = the number of times the interest is compounded per year (let's assume it's compounded annually, so n = 1)
t = the number of years, which is 5
Plugging in these values, we get:
A = 1000(1 + 0.05/1)^(1*5)
A = 1000(1.05)^5
A = 1000(1.27628)
A = $1,276.28
Therefore, if Bruce waits for five years to begin paying back his loan with a 5% annual interest rate, he will owe $1,276.28.
Rip garage, inc. (459 ellis avenue, harrisburg, pa 17111), is an accrual basis taxpayer that repairs automobiles. in late december 2017, the company repaired samuel mosley's car and charged him $1,000. samuel did not think the problem had been fixed, so he refused to pay; thus, trip refused to release the automobile. in early january 2018, trip made a few adjustments under the hood; trip then convinced samuel that the automobile was working properly. at that time, samuel agreed to pay only $900 because he did not have the use of the car for a week. trip said "fine," accepted the $900, and released the automobile to samuel. an irs agent thinks trip, as an accrual basis taxpayer, should report $1,000 of income in 2017, when the work was done, and then deduct a $100 business loss in 2018. prepare a memo to susan apple, the treasurer of trip, with your recommended treatment for the disputed income.
Answers
Answer:
MEMO
To: Treasurer of Trip Garage, Inc.
From: Me
Subject: Dispute over accrued revenue
Mrs. S. Apple,
Good evening. Regarding your dispute over accrued revenue generated form the repair of Mr. Mosley's car, I must inform you the following:
Trip Garage, Inc., is an accrual basis taxpayer, therefore, revenues must be recorded once the repair service was completed, not when the invoice was collected.
In future occasions when similar problems show up, you should record an allowance for doubtful accounts. This way, if you believe that an account receivable is unlikely to be collected, it will be not considered for the year's financial records. This adjusting journal entry must be recorded before the end of the year, if not, all related revenues must be included in the years income statement.
Regards,
Me
Explanation:
Accrual taxpayers are required to record revenues once the revenue generating activity has been completed, i.e. Trip should have recorded $1,000 in revenue during 2017:
Dr Accounts receivable 1,000
Cr Service revenue 1,000
If Trip didn't consider that it would be able to collect the $1,000 receivable, then it should have recorded it as bad debt expense:
Dr Bad debt expense 1,000
Cr Allowance for doubtful accounts 1,000
If thy did not record the bad expense, then the IRS agent is right, and the $1,000 must be included in the 2017 income statement.
Which document describes a worker's employment experience, strengths, skills, education, and other qualifications?
A.
Resume
B.
Cover letter
C.
Referral
D.
Reference
Answers
Answer:
A. Resume
Explanation:
A resume is a document prepared by a job seeker to itemize their education qualification and work experiences. It is a formal document sent to a potential employer by a job applicant. The resume shows an applicant's qualifications for the position advertised.
A resume is usually sent together with a cover letter.
Answer:
It's A
Explanation: hope it helps ^w^
Wright Company produces products I, J, and K from a single raw material input. Budgeted data for the next month is as follows:
Product I Product J Product K
Units produced 2,000 2,500 3,500
Per unit sales value at split-off $18 $23 $20
Added processing costs per unit $1 $3 $3
Per unit sales value if processed further $24 $24 $29
If the cost of the input of the raw materials is $73,000, which of the products should be processed beyond the split-off point?
Product I Product J Product K
A Yes Yes No
B Yes No Yes
C No Yes No
D No Yes Yes
a. Option A
b. Option B
c. Option C
d. Option D
Answers
The decision to process a product beyond the
split-off point
should be based on whether the
additional processing
costs will result in a higher overall profit.
To determine this, we need to calculate the
profit for each product
with and without further processing.
For Product I:
Without further processing:
Sales value at split-off = 2,000 units x $18 = $36,000
Total cost = $73,000 / (2,000 + 2,500 + 3,500) x 2,000 + $1 x 2,000 = $22,000
Profit = $36,000 - $22,000 = $14,000
With further processing:
Sales value = 2,000 units x $24 = $48,000
Total cost = $73,000 / (2,000 + 2,500 + 3,500) x 2,000 + $1 x 2,000 + $3 x 2,000 = $28,000
Profit = $48,000 - $28,000 = $20,000
For Product J:
Without further processing:
Sales value at split-off = 2,500 units x $23 = $57,500
Total cost = $73,000 / (2,000 + 2,500 + 3,500) x 2,500 + $3 x 2,500 = $28,500
Profit = $57,500 - $28,500 = $29,000
With further processing:
Sales value
= 2,500 units x $24 = $60,000
Total cost = $73,000 / (2,000 + 2,500 + 3,500) x 2,500 + $3 x 2,500 = $28,500
Profit = $60,000 - $28,500 = $31,500
For Product K:
Without further processing:
Sales value at split-off = 3,500 units x $20 = $70,000
Total cost = $73,000 / (2,000 + 2,500 + 3,500) x 3,500 + $3 x 3,500 = $41,000
Profit = $70,000 - $41,000 = $29,000
With further processing:
Sales value = 3,500 units x $29 = $101,500
Total cost
= $73,000 / (2,000 + 2,500 + 3,500) x 3,500 + $3 x 3,500 = $41,000
Profit
= $101,500 - $41,000 = $60,500
Based on these calculations, the products that should be
processed beyond
the split-off point are Product J and Product K. Therefore, the
correct answer is option D
.
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________ involves looking at the positives and negatives of an issue to make before making a decision with those factors in mind.
Answers
The process you are referring to is called "weighing the pros and cons." It involves carefully considering the positive aspects and negative aspects of a particular issue before making a decision. By analyzing the pros and cons, you can evaluate the advantages and disadvantages associated with each option.
To do this, you first need to identify the potential benefits or positive outcomes of each choice. These could include advantages, strengths, or favorable outcomes that may result from choosing a particular option.
For example, if you are deciding whether to buy a car, the pros could include the convenience of transportation, the freedom to travel at your own pace, and the ability to carry heavy loads.
Next, you should consider the potential drawbacks or negative consequences of each choice. These could include disadvantages, weaknesses, or unfavorable outcomes that may arise from choosing a particular option.
For instance, in the car-buying scenario, the cons might involve the high costs associated with purchasing, fuel expenses, and the responsibility of maintenance.
After carefully examining the pros and cons, you can then compare and contrast the various factors to determine which outweighs the other. This will help you make an informed decision based on a comprehensive understanding of the situation.
Keep in mind that the significance of each factor may vary depending on the specific context and individual preferences.
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The process you are describing is called "weighing the pros and cons." It involves evaluating the positive and negative aspects of a situation or decision before reaching a conclusion. By considering both the advantages and disadvantages, individuals can make informed choices based on a comprehensive analysis of the available information.
When weighing the pros and cons, it is important to carefully assess the potential benefits or advantages as well as the drawbacks or disadvantages. This evaluation allows for a more balanced perspective and helps in understanding the potential outcomes of a decision.
For example, let's say you are considering whether to take on a part-time job while studying in college. To weigh the pros and cons, you would start by listing the positive aspects, such as earning extra income, gaining work experience, and developing time management skills. On the other hand, you would also consider the negative factors, such as the potential impact on your studies, increased stress levels, and limited free time.
By considering both the positive and negative aspects, you can make a more informed decision based on your individual circumstances and priorities. It is important to note that the significance of each factor may vary depending on the situation, and personal preferences and values should also be taken into account.
Overall, weighing the pros and cons is a useful strategy to assess the potential outcomes of a decision by considering both the positive and negative aspects. It allows for a comprehensive evaluation and helps individuals make informed choices based on a thorough analysis of the available information.
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Tickets to a fundraiser are $14 if purchased ahead of time and $25 if purchased at the door. The total amount raised from all ticket sales was $625. If eleven tickets were purchased at the door, how many tickets were purchased ahead of time?.
Answers
($14)(25)=$350
($25)(11)=$275
$350+$275= $625
In addition to inventory management, scheduling, and follow-up services, a critical function of operations management is
Answers
Answer: quality
Explanation:
In addition to inventory management, scheduling, and follow-up services, a critical function of operations management is quality control.
What is operations management ?Operations management is responsible for the conversion or transformation of resources (including human resources) into goods and services; this includes inventory management, quality control, production scheduling, follow-up services, and so on.
The goal of operations management is to maximize the efficiency of the manufacturing process and business operations. OM professionals strive to balance operating costs and revenue in order to maximize net operating profit.
The primary functions of operations management are product and process design, plant layout, material handling method execution, material management, maintenance, quality control, and production planning control.
Hence, Quality control is an appropriate response.
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Products produced in a competitive market are
differentiated
unique
standardized and differentiated
standardized
Answers
Answer:
Standardized
Explanation:
Firms that are purely competitive provide a standardised (same or homogenous) product. Consumers will be unconcerned about whose vendor they acquire the goods from as long as the pricing is the same.
Monopolistically competitive companies make a typical profit in the long run since entrance into the market is easy. The sort of goods supplied distinguishes oligopoly from perfect competition.
What does the St stand for in the formula to calculate moving averages of sales forecasting?
Formula:
Ft+1=(St+St+St-2+...+St-N-1/N)
Answers
which of the following is the correct word phrase of "4b+10"?
A. four added to 10
B. the product of four and B added to 10
C. the sum of 4 and B plus 10
D. the product of four and B subtracted to 10
Answers
4b can be interpreted as 4 multiples by b. B is a variable in this expression. Plus 10. So it would the product of four and B added to 10.
If you have 900 dollars and you save it for ten years woth eight percent interest, what will be it’s future value?
Answers
900 times 8%, or 0.08 is 72. So 72 is the interest for 1 year. You multiply that times 10 for ten years of interest and get 720. You add 900 and 720 and you get 1620. Therefore, 1620 is how much you have after 10 years with eight percent interest. Hopefully this helps!
Lately, Marcus has noticed a lot of customer complaints that items purchased from his web store don't meet expectations. What improvement to the website will best help to solve this problem so customers know better what to expect when they buy items from his website
Answers
The improvement to this website that would best help to solve the problem so that customers would know what best to expect are High-quality product photos.
The issue is that there is disconnection between what the customers see and what they get.
In order to meet with customer complaints, Marcus has to listen to the problems that they seem to be having.
Then he has to effect the required changes by creating a connection between what his customers see and what they get.
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What are the safety risks associated with using the Internet? Check all that apply.
encountering inappropriate content
finding incorrect information
getting a computer virus
having your identity stolen
talking privately with your friends
Answers
Answer:
A) Encountering inappropriate content.
C) Getting a computer virus.
D) Having your identity stolen.
The safety risks associated with using the Internet are encountering inappropriate content, getting a computer virus, and having your identity stolen.
With its limitless access to information, the Internet is both a useful tool and a potential threat to safety and security. It's crucial to keep an eye on what a youngster sees, hears, shares, or could be exposed to.
Privacy settings can restrict who can view your child's personal information, such as their name, age, and residence. However, if your child adds someone as a "friend," that person will have access to your child's private information, including, in the case of some devices, their GPS position.
Therefore, the following statements are:
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How could government – sponsored grants for the private development of new technologies result in a lower national debt?
Answers
Answer: Making initial development private saves the government from funding all of the research.
Explanation:
A grant refers to an amount of money that is financial assistance thats given by the government or an organization to an individual or firm for a specific purpose. A grant is different from a loan as it isn't meant to be paid back.
Government award grants for the development of technologies, community projects, home insulation etc.
With regards to the question, a government – sponsored grants for the private development of new technologies may result in a lower national debt when the government makes the initial development private thereby saving the government from funding all of the research.
In order to reduce the possibility that a technological paradigm shift will render your skills obsolete, you should
a. Encourage others to keep their skill sets current
b. Try to keep your company from adopting new technology
C. Keep tabs on the newest technical advances
d. Adopt a technology proof career, like carpentry
Answers
Answer:
a. Encourage others to keep their skill sets current
b. Try to keep your company from adopting new technology
Explanation:
Continuous updating and upgrading one's skills is a sure way of remaining relevant in a rapidly changing work environment. Many organizations are always seeking ways of modernizing their work processes. As companies adopt technology to enjoy increased efficiency, workers without matching skills are declared redundant.
Continuous training and learning are necessary to reduce the possibility of one's skill being declared obsolete. To survive in the new technology era, a worker and his colleagues can embrace and learn to work with new technology or work hard to prevent their company from acquiring it.
Answer:
c.
Keep tabs on the newest technical advances
Explanation: CORRECT ON EDGE 2021
After adjusting your seat, your _____ should be as close as possible to the backrest.
A. hands
B. arms
C. bottom
D. legs
Answers
Answer:
C. Bottom is the answer
Explanation:
My parents would always yell at me to scooch backwards in the car if I was leaning too far forward. I don't need to know how to drive to know this.
This is a question about driving right? Lol, cause if it's not, sorry.
Which of the following is true about certified public accountants (CPAs)?
O A. CPAs work for government agencies and corporations.
B. CPAs only work in the public sector.
C. CPAs only work in the private sector.
O D. CPAs work for small businesses but not large businesses.
Answers
Answer:
A. CPAs work for government agencies and corporations.
Explanation:
Certified public accountant (CPA) is the title for skilled, competent, and professionally trained accounts. Accountants play a significant role in any organization's success, be it a business-oriented, government institution, or not-for-profit organization. Employers seek and employ qualified and certified accountants to work in their organizations.
Both the public and private sector engage the services of certified account to take charge of accounting and financial management. The objective is to ensure that financial transactions are recorded correctly, and the financial statement reflects the true picture of the organization as per the generally accepted accounting principles.
Which of the following is NOT a discretionary expense?
Vacation
Rent
Entertainment
Gym membership
Answers
B. Rent
Explanation: Discretionary expenses are considered things that we buy which are not necessities to live. Things like; going out to the movies or buying candy are not necessary and therefore they are considered "discretionary."
Which of the following influences the consumer when he or she is deciding wether to buy a product?
A. The stock market
B. Opinion factors
C. External factors
D. Multiple factors
Answers
Answer:
D.
Explanation:
The factors that infuence a consumer's decision of buying product are multiple. It can be internal, external, economic, cultural, etc.
These factors include psychological factor, social factor, cultural factor, situational factor, etc.
Many times it's psychological factors such as moods. If a person is in bad or good mood, it will affect his behavior to buy a product. Culture or social life also influences consumer's buying habit. Some buy under peer pressure or to have status in society.
Therefore, option D is correct.
Answer: External factors
Explanation:
What is the solution to this equation x+15=28
Answers
Answer:
13
Explanation:
Trust me
what is a table in economics and state 5 characteristics of a table
Answers
A table is a systematic arrangement of data implementing columns and rows to display information which make it easier for better understanding.
Table number: A table should always be numbered for easy identification
Title of the table
Stubs: These refer to the headings of horizontal rows.
Captions: these refer to the headings of vertical columns
Clear, to the point and a suitable font/ size for the text. Information must be inserted in the same format into the appropriate cells
What market structure would the manufacturers of the cellular phones be categorize as?
Answers
determine the number of $7$-digit positive integers that have the property that their digits are in non-decreasing order, from left to right.
Answers
There are 84 different 7-digit positive integers with digits in non-decreasing order from left to right.
Let's dive deeper into the details below.
To determine the number of 7-digit positive integers with non-decreasing digits from left to right, we can use a technique called stars and bars.
Consider each digit as a 'star' and six 'bars' that separate the digits. For example, the number 1123456 can be represented as * | * | ** | * | * | * | * (1 | 1 | 23 | 4 | 5 | 6). We want to distribute these stars (digits) in 10 containers (0 to 9) without changing their order.
There are 9 bars (10 - 1) that separate these 10 containers. We need to select 6 bars (7 - 1) from these 9 bars to create our 7-digit number. We can use the combination formula for this, which is:
C(n, r) = n! / [r! * (n - r)!]
In our case, n = 9 and r = 6, so:
C(9, 6) = 9! / (6! * (9 - 6)!) = 84
So, there are 84 different 7-digit positive integers with digits in non-decreasing order from left to right.
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