an interest rate is 12% per annum with semiannual compounding. what is the equivalent rate with quarterly compounding? group of answer choices

Answers

Answer 1

Option B. 11.66%. To find the equivalent rate with quarterly compounding, we need to calculate the effective annual rate (EAR) with semi-annual compounding and then convert it to the quarterly compounding rate.

Using the formula for EAR with semi-annual compounding, we have:

[tex]EAR = (1 + (annual interest rate/n))^n - 1[/tex]

where n is the number of compounding periods per year.

For the given interest rate of 12% per annum with semi-annual compounding, we have:

[tex]EAR = (1 + (0.12/2))^2 - 1 = 0.1236 or 12.36%[/tex]

Now, we need to convert this to the quarterly compounding rate. Let r be the quarterly rate we are looking for, we have:

[tex](1 + r)^4 = 1 + EAR[/tex]

[tex](1 + r)^4 = 1 + 0.1236[/tex]

[tex](1 + r)^4 = 1.1236[/tex]

[tex]1 + r = (1.1236)^(1/4)[/tex]

1 + r = 1.0285

r = 0.0285 or 2.85%

Therefore, the equivalent rate with quarterly compounding is 2.85% or 11.4% per annum (4 times the quarterly rate). None of the answer choices match this result. However, if we assume that the interest rate of 12% per annum is with annual compounding (not semi-annual), then the correct answer would be:

B. 11.66%

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An interest rate is 12% per annum with semiannual compounding. what is the equivalent rate with quarterly compounding? group of answer choices

A. 11.83%

B.11.66%

C.11.77%

D.11.92%


Related Questions

true or false. the two main brewing methods of brewing coffee are pour-over and immersion. an example of immersion brewing is the auto-drip method such as the coffee machines found in many american offices and homes.

Answers

Even though sake is sometimes called "rice wine," the process is more akin to making beer than wine.

What procedures are used in the production of cider?

The apples are gathered and cleaned before being crushed and pressed. The leftover juice is fermented to create cider. Apple juices are available in a range of tastes, such as aromatic, astringent, tart, and neutral. Frequently, sweet and sour apples are blended together to create a well-balanced cider.

What procedures go into making hard cider?

There are just two ingredients needed: apple juice and a tank or barrel (these could be made from stainless steel, polymer, or even old wine or rum oak barrels).

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all other risk being equal, which of the following bonds would have the highest interest rate risk? a low coupon bond of 100 years to maturity a high coupon bond of 100 years to maturity a low coupon bond of 10 years to maturity a high coupon bond of 10 years to maturity none of the above

Answers

All other risks being equal, the low coupon bond of 100 years to maturity would have the highest interest rate risk. (Option A)

Why is interest rate risk greater for bonds with lower coupons?

The longest durations are typically seen in bonds with extended maturities and low coupons. These bonds are more volatile in a rate environment where interest rates are fluctuating because they are more susceptible to changes in market rates.

Are bonds with no coupons subject to interest rate risk?

Zero coupon bonds are exposed to interest rate risk if you sell them before they mature, just like almost all other bonds are. Your zero coupon bond will likely lose value on the secondary market if interest rates increase.

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Suppose that the least amount of goods and services that Scott will consume in a year is $40,000. Scott tends to save $0.30 o
every dollar of disposable income that he makes. Use the given line to graph Scott's consumption function for disposable
income levels between $0 and $200,000. Move each endpoint to the appropriate spot on the graph.

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Answer:

Explanation:

Answer:

Explanation:

What does ji-li do as the election for the red successors begins?

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ji-li  should admire the changes in the classroom as the election for the red successors begins

People can regularly choose and replace their representatives through the electoral process. When it comes to who will structure the government and make critical choices, who will implement laws on their behalf, and which political party's policies will affect both, voters have a variety of possibilities. The use of elections as a tool for choosing officials in contemporary democracies contrasts with the practise in the democratic archetype of ancient Athens, where elections were seen as an oligarchic institution and the majority of political offices have always been filled using sortition, also known as entitlement, in which officeholders were chosen by lot.

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n economy produces only two goods. following table are data for two different years. 2020 2021 good quantity price quantity price hot dogs 200 $2 250 $4 hamburgers 200 $3 500 $4 a. using 2020 as the base year, compute the following statistics for each year: nominal gdp, real gdp, the gdp deflator, and the cpi (the basket is given by the base year quantities). b. by what percentage did prices rise between 2020 and 2021? give the answer for each good and also for the two measures of the overall price level. which measure is a laspeyres index, and which one is a paasche index? explain why the percentages of price changes calculated using these indices are different. be as specific and detailed as possible

Answers

The calculation reveals that computation of inflation using the deflator shows less inflation than the CPI because consumers substituted hamburgers for hot dogs, It is because the price of hamburgers increased less than the price of hot dogs. This consideration have been taken by the deflator whereas the CPI ignored it

What is Paasche index?

Paasche Price Index is a methodology to calculate inflation by measuring the price change in a commodity compared to the base year.

Nominal GDP Year 2010 = 200 * $2 + 200 * $3 = $1,000

Nominal GDP Year 2015 = 250 * $4 + 500 * $4 = $3,000

Real GDP Year 2010 = $1,000

Real GDP Year 2015 = 250 * $2 + 500 * $3 = $2,000

GDP Deflator Year 2010 = ($1,000/$1,000) * 100 = 100

GDP Deflator Year 2015 = ($3,000/$2,000) * 100 = 150

CPI Year 2010 = ((200 * $2 + 200 * $3) / (200 * $2 + 200 * $3)) * 100 = 100

CPI Year 2015 = ((200 * $4 + 200 * $4) / (200 * $2 + 200 * $3)) * 100 = 160

Computation of Inflation using CPI = ((160 - 100)/(100)) * 100 = 60%

Computation of Inflation using Deflator = ((150 - 100)/(100)) * 100 = 50%

Therefore, This consideration have been taken by the deflator whereas the CPI ignored it.

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a nuclear power reactor is being built in georgia. the cost is higher than initially projected. the capital cost for the two reactor is now $30 billion. assume that the operating cost is $0.01/kwh. each reactor has a capacity of 1100 mw (so the total project has a capacity of 2200 mw), and is expected to have a capacity factor of 90% (that is, it will run on average at 90% of its capacity). assume a lifetime of 30 years and a discount rate of 7%. what will be the levelized cost of electricity, in $/kwh?

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The levelized cost per kWh for the nuclear power reactor  is approximately $1.02/kWh when the discount rate is 7%.

What is levelized cost?

The levelized cost is the total cost of the system, including capital costs, operating costs, and maintenance costs, expressed in terms of the cost per unit of energy over the system's lifetime (kWh).

To calculate the levelized cost per kWh, we need to take into account the capital cost, the capacity factor, and the discount rate.

The following formula is used:-

Annualized capital cost = (capital cost × discount rate) / (1 - (1 + discount rate)^(-lifetime))

where capital cost = $0.01/kW

discount rate = 7%

lifetime = 30 years

Annualized capital cost = ($0.01 × 0.07) ÷ (1- (1+0.07)^-30))

                                       =     0.007  ÷ 0.869  = $0.0008055/kW-year

The annual energy output of the system, is calculated using the following formula:

Annual energy output = capacity factor × 8,760 hours

Where,

Capacity factor = 90%

Annual energy output = 0.9 * 8,760 = 7884 kWh/kW-year

The levelized cost per kWh using the following formula:

Levelized cost per kWh = (annualized capital cost + annual O&M cost) / annual energy output

Where O&M cost = 0

Levelized cost per kWh = ($0.0008055 + 0) /7884 = $1.02/kWh

Therefore,  levelized cost of electricity is $1.02/kwh.

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Which joint venturing method typically involves fees and royalty​ payments?
A.
Joint ownership
B.
Direct investment
C.
Licensing
D.
Contract manufacturing
E.
Management contracting

Answers

Answer:

 The answer is C. Licensing typically involves fees and royalty payments.

Explanation:

consider a risky portfolio. the end-of-year cash flow derived from the portfolio will be either $70,000 or $200,000 with equal probabilities of 0.5. the alternative risk-free investment in t-bills pays 6% per year. a. if you require a risk premium of 8%, how much will you be willing to pay for the portfolio? (round your answer to the nearest whole dollar amount.)

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If you require a risk premium of 8%, how much will you be willing to pay for the portfolio is 118,421.

A. Probability 0.5 0.5  

Cash Flows 70000 200000  

Risk-free rate 6% 6%  

Risk premium 8% 8%  

Required rate of return 14% 14% sum of Risk-free rate and a Risk premium (Eg 6+8=14)

Present value                 61,404             175,439 cash flow/rate of return- (70000/1.14=61404)

Purchase value             118,421 Probability * Present value

     

The term cash glide refers back to the net amount of cash and coins equivalents being transferred inside and outside of a business enterprise. cash acquired represent inflows, while money spent represents outflows. cash glide refers to the net stability of cash moving into and out of an employer at a particular factor in time. coins are continuously moving into and out of a commercial enterprise. as example, whilst a retailer purchases stock, cash flows out of the commercial enterprise toward its suppliers.

Coins float from operations is constructed from costs made as part of the everyday course of operations. Examples of those coin outflows are payroll, the value of products sold, leases, and utilities. cash outflows can vary appreciably whilst commercial enterprise operations are relatively seasonal. cash waft notion is based definitely loosely on coins waft assertion accounting necessities. The time period is bendy and can refer to time durations spanning over past-future. it can take a look at the overall of all flows concerned or a subset of those flows.

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4 people can claim joint ownership of an item and intend to divide it by the method of sealed bids. the winner offers a bid of $83,000 how much will that bidder need to put into a kitty for the other bidders to be compensated?

Answers

Bidder need to put into a kitty $62250 for the other bidders to be compensated.

What procedure is used to evaluate bids?

In an endeavour to obtain the goods, services, and works required to meet an organization's objectives, bid assessment is the methodical process of assessing and contrasting bids. The lowest responsive analysed bid is the finest offer that is suggested following bid evaluation. a bid strategy that sets bids for your advertisements according on how likely they are to be clicked on or convert. Each kind of automatic bid strategy is intended to assist you in achieving a particular business objective. Contractors may design their own bid forms when submitting a bid, or project owners may establish blank bid form for all applicants to complete.

= $83000- (83000/4)

= $62250

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a 7-year bond of a firm in severe financial distress has a coupon rate of 14% and sells for $960. the firm is currently renegotiating the debt, and it appears that the lenders will allow the firm to reduce coupon payments on the bond to one-half the originally contracted amount. the firm can handle these lower payments. what are the stated and expected yields to maturity of the bonds? the bond makes its coupon payments annually.

Answers

The stated yield to maturity of the bond is 15.54%, and the anticipated yield to maturity after the renegotiation is 22.45%. The anticipated yield to maturity is advanced than the stated yield to maturity because the bond is dealing at a reduction to its face value

To calculate the stated yield to maturity of the bond, we can use the bond pricing formula

Bond price = (C / r) x (1 - 1 / (1 + r)^n) + F / (1 + r)^n

Where

C = periodic pasteboard paymentr = yield to maturity n = number of years to maturityF = face value of the bond

We know that the bond has a face value of $1,000 and it's presently dealing for $960. The pasteboard payment is 14% of $1,000, or $140 per time. We can use this information to break for the stated yield to maturity

$960 = ($140 / r) x (1 - 1 / (1 + r)^7) + $1,000 / (1 + r)^7

Using a fiscal calculator or solver tool, we can find that the stated yield to maturity is 15.54%.

To calculate the anticipated yield to maturity, we need to acclimate the bond pricing formula to reflect the new pasteboard payment of $70 per time

Bond price = ($70 / r) x (1 - 1 / (1 + r)^7) + $1,000 / (1 + r)^7

We can also use a fiscal calculator or solver tool to find the yield to maturity that makes the bond price equal to$ 960

$960 = ($70 / r) x (1 - 1 / (1 + r)^7) + $1,000 / (1 + r)^7

working for r, we get an anticipated yield to maturity of 22.45%..

thus, the stated yield to maturity of the bond is 15.54%, and the anticipated yield to maturity after the renegotiation is 22.45%.

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inally, suppose the government were to give ryan a voucher for s packs of timbits instead of the lump-sum subsidy. (with the voucher, the first s packs cost him nothing.) under what conditions would ryan be strictly better-off with the lump-sum subsidy of $(3s) rather than the voucher?

Answers

Ryan would be better off with the lump-sum subsidy if he would have bought more than s/2 additional packs of timbits with the subsidy, compared to what he could buy with the voucher.

If the government were to give Ryan a voucher for s packs of timbits instead of the lump-sum subsidy, then the value of the voucher would be equal to the cost of s packs of timbits, denoted as V(s). When Ryan has the voucher, the first s packs cost him nothing, so he would buy s packs of timbits. However, if he wants to buy more than s packs of timbits, he would have to pay the full price for each additional pack.

Ryan would be strictly better off with the lump-sum subsidy of $(3s) rather than the voucher if he would have purchased more than s packs of timbits with the subsidy, but cannot purchase as many packs with the voucher due to the additional cost beyond the first s packs. Mathematically, if Ryan would have purchased k packs of timbits with the lump-sum subsidy, where k > s, then the subsidy would have provided him with a benefit of $(3k), while the voucher only provides him with a benefit of V(s) + $(3(s-k)). Hence, Ryan would be strictly better off with the subsidy if:

$(3k) > V(s) + $(3(s-k))

2k > s + V(s)/3

In other words, Ryan would be better off with the lump-sum subsidy if he would have bought more than s/2 additional packs of timbits with the subsidy, compared to what he could buy with the voucher.

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when several people in an organization participate in purchase decisions, often for more important or expensive contracts, it is called .multiple choice question.

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When several people in an organization participate in purchase decisions, often for more important or expensive contracts, it is called a buying center.

Buying centers are organizations' groupings of people who make purchasing decisions. Large organizations frequently have permanent departments made up of personnel who shop for a living. In other words, they are professional buyers. Their titles differ.

They are simply referred to as purchasers in some businesses. They are known as purchasing agents, purchasing managers, or procurement officials at other companies. Buyers are frequently referred to as merchandisers by retailers.

The majority of persons who work in these fields have bachelor's degrees in science. Some people go through further industry training to get an advanced purchasing certification. Buyers can have a significant impact on a company's expenses, revenues, and profitability.

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Correct question:

when several people in an organization participate in purchase decisions, often for more important or expensive contracts, it is called _____.

manufacturing tests an inspector must select tests to perform in a certain order on a manufactured part. he has a choice of tests. how many ways can he perform different tests?

Answers

The number of ways the inspector can perform different tests on a manufactured part depends on the number of tests available to him and the order in which he must perform them.

If there are n tests available, then the inspector has n! (n factorial) possible ways of performing the tests. Factorial is the product of all positive integers less than or equal to n. For example, if there are 4 tests available, the inspector has 4! = 4 x 3 x 2 x 1 = 24 possible ways of performing the tests. The order in which the tests are performed is important, so if test A is performed first, followed by test B, followed by test C, it is considered a different sequence than if test C is performed first, followed by test B, followed by test A. This calculation assumes that there are no constraints on the number of times each test can be performed and that each test must be performed exactly once.

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would you be willing to issue a clean audit opinion for the client if they make all the adjusments for items on the summary of unadjusted misstatements?

Answers

An audit opinion is a formal statement issued by an independent auditor after conducting an audit on the financial statements of a company.

It provides an assessment of the fairness and reliability of the financial statements in accordance with applicable accounting standards and regulations.In order for an audit to issue a clean (unqualified) audit opinion, the financial statements must be free from material misstatements. If there are any unadjusted misstatements found during the audit, the auditor will discuss these with management and request that appropriate adjustments be made to the financial statements.If management makes all the necessary adjustments to correct the unadjusted misstatements and the auditor is satisfied with the changes, then it is possible that a clean audit opinion could be issued. However, the auditor will need to conduct further testing to ensure that there are no additional material misstatements in the financial statements.

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A 65-year old man is retired and living on social security. He is married and his wife does not work. The client has inherited a small amount of money that he wishes to invest. What should you recommend as an investment?\A. Individual securitiesB. Variable annuitiesC. CDsD. Bond funds

Answers

I would recommend investing in CDs (Option C) for a 65-year old man who is retired and living on social security. CDs, or certificates of deposit, are a safe and low-risk investment option that can provide a steady stream of income without the potential for large losses.

This is important for someone who is retired and may not have the ability to recover from a large financial loss. CDs also typically offer higher interest rates than savings accounts, making them a better option for growing the small amount of money that the client has inherited. While individual securities, variable annuities, and bond funds may offer the potential for higher returns, they also come with a higher level of risk that may not be appropriate for the client's situation.

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the following data were taken from the records of menendez company: current assets $ 5,000 property, plant, and equipment 10,000 current liabilities 3,500 long-term liabilities 5,000 stockholders' equity 6,500 what is menendez company's current ratio? a.1.43 b.2.86 c.$5,000 d.1.00

Answers

a. 1.43. The Menendez Company's current ratio is 1.43. The records of Menendez company: current assets $ 5,000 property, plant, and equipment 10,000 current liabilities 3,500 long-term liabilities 5,000 stockholders' equity 6,500.

Bad current ratio: what is it?

A current ratio that is lower than 1.00 generally denotes that a corporation has more debts due in a year or less than it does assets. This can be a sign that the business would find it difficult to fulfil its immediate obligations.

What makes the current ratio so crucial?

A company's ability to meet short-term financial obligations is generally measured by the current ratio, which contrasts a company's current assets and liabilities. If the ratio is too low or even too high, it can signal potential problems and serve as a good gauge of financial health.

To calculate Menendez Company's current ratio,

Current Ratio = Current Assets / Current Liabilities

Current assets = $5,000

Current liabilities = $3,500

Current Ratio = $5,000 / $3,500

Current Ratio = 1.43

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In an indirect transfer involving an investment intermediary (i.e. an investment bank) the success or failure of the investment by the ""saver"" of capital is dependent upon the success or failure of a single ""user"" of the capital.

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"In an indirect transfer involving an investment intermediary, such as an investment bank, the success or failure of the investment made by the "saver" of capital can be dependent upon the success or failure of a single "user" of the capital." is true.

This is because the investment bank or other intermediary pools funds from multiple savers and invests them in various opportunities, such as providing loans or investing in stocks or bonds.

If the intermediary invests a significant portion of the pooled funds in a single opportunity or with a single user of the capital, then the success or failure of that opportunity or user can have a significant impact on the overall returns of the pooled funds.

For example, if the intermediary invests a large portion of the pooled funds in a single startup company, then the success or failure of that company can have a significant impact on the overall returns of the investment.

The proper question is " In an indirect transfer involving an investment intermediary (i.e. an investment bank) the success or failure of the investment by the ""saver"" of capital is dependent upon the success or failure of a single ""user"" of the capital.True or false"

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if you borrow $9,667 and are required to pay back the loan in five equal annual installments of $2,550, what is the interest rate associated with the loan? (round your answer to the nearest whole percent.)

Answers

The interest rate associated with the loan is 10%(Approx).

What Is an Interest Rate?

The hobby rate is the quantity a lender expenses a borrower and is a share of the principal—the amount loaned. The pastime rate on a loan is typically noted on an annual basis recognised as the annual percentage charge (APR).

Divide the quantity of the additional payment by way of the amount loaned to determine the easy hobby rate. For example, think about a mortgage of $1,000, which have to be repaid in one yr with the amount of $1,300. This is $300/$1,000, or 30 percent per year, which is a hefty activity rate

In terms of the receiver, a man or woman who deposits money to any bank or monetary institution also earns additional earnings considering the time fee of money, termed as activity acquired with the aid of the depositor.

Let interest rate be x%

At this rate; present value of payments=9667

9667 = 2550/1.0x + 2550/1.0x²+...........+2550/1.0x⁵

Hence  x = interest rate = 10%(Approx).

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______ financial statements enable one to compare firms that differ in size.

Answers

Common size financial statements are made to make it easier to compare a company to its competitors and to draw attention

What classification of analysis falls under a normal financial statement size?

Common size analysis, commonly referred to as vertical analysis, is a technique used by financial managers to review financial statements. The proportion of the base amount for that period of time to assess the financial statements is provided for each line item.

What type of financial statement are they, out of the four?

The four primary types of financial statements used by for-profit businesses are the balance sheet, the income statement, the statement of cash flow, and the statement of retained earnings.

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the quantity theory of money assumes that: 1. velocity is constant. 2. income is constant. 3. prices are constant. 4. the money supply is constant.

Answers

The quantity theory of money assumes that velocity is constant.

Why is velocity constant in money quantity theory?

Money's velocity is assumed to be constant in the quantity theory of money.  If velocity is constant, its growth rate is zero, and the money supply growth rate equals the inflation rate (the growth rate of the GDP deflator) plus the real GDP growth rate.

The general price level of goods and services is proportional to the money supply in an economy, according to the quantity theory of money, assuming the level of real output is constant and the velocity of money is constant.

Therefore, the economy assumes a constant level of real output and a constant velocity of money.

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A sales position needs to be filled. There are two candidates available the first candidate has 10 years of experience and consultant of the week making a $3000 profit per week for the company he’s asking $80,000 salary second candidate has one year of experience I can sell eight units a week making a $2400 profit for the company he’s asking for $45,000 salary but candidate would make the company the most money the first year of employment

Answers

Candidate B is the one who would bring in the maximum revenue for the organisation in their first year of work.

Who would have a higher income?

The maximum profit a candidate can generate for the business is:

= ( Number of weeks in year x Profit per week ) ( Number of weeks in year x Profit per week ) - Year's worth of pay

We'll assume a year has 48 work weeks.

The money Candidate A would earn would be:

= ( 48 x 3, 000 ) - 80, 000

= $64, 000

Candidate B earned in money is:

= ( 48 x 2, 400 ) - 45, 000

= $70, 200

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the wealth creation that occurs via specialization and global trade according to comparative advantage can be accelerated by:

Answers

The wealth creation that occurs via specialization and global trade according to comparative advantage can be accelerated by decreasing protectionism levels.

Protectionism is the adoption of a number of strategies, such as establishing tariffs, setting quotas, or devaluing the national currency, to safeguard the trade sector of a particular nation. These restrictions may also reduce the advantages of a trade by limiting countries' ability to specialise in the creation of commodities where they have a comparative advantage.

By promoting more commerce and specialization, less protectionism can aid in this process. Countries can trade more freely and specialise in the production of goods and services where they have a comparative advantage by reducing trade barriers. All trading partners may benefit from increased economic growth and wealth as a result.

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the journal entry to record the allocation of factory overhead is: multiple choice question. debit work in process inventory and credit factory overhead debit raw materials inventory and credit factory overhead debit factory overhead and credit work in process inventory debit finished goods and credit factory overhead

Answers

The journal entry to record the allocation of factory overhead is Debit Work in Process Inventory and Credit Factory Overhead.

What is this entry in journal mean?

Journal entries describe how transactions influence accounts and balances and serve as a simple record of all transactions that a business makes.  This entry reflects the allocation of manufacturing overhead costs to the work in process inventory. Manufacturing overhead costs include all indirect costs of production, such as rent, utilities, and depreciation, that cannot be directly traced to a specific product.

By debiting work in process inventory, the entry increases the cost of goods in process to reflect the additional manufacturing overhead costs. By crediting factory overhead, the entry reduces the balance of the factory overhead account, which had been used to accumulate indirect manufacturing costs during the period.

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marketers understand that, compared to high school graduates who are working full time, college students:

Answers

It's difficult to make a broad generalization about college students compared to high school graduates who are working full time, as there are many individual factors that can impact their behaviors and preferences.

However, there are some trends that marketers may take into consideration when targeting college students.

First, college students may have more disposable income than high school graduates who are working full time. This is because college students may receive financial support from their parents or through scholarships, grants, or loans.

They may also work part-time jobs while in school, which can provide additional income. This disposable income may be spent on various consumer goods and services, such as clothing, electronics, entertainment, and travel.

Second, college students may be more open to trying new products and services, as they are often in a phase of life where they are exploring new interests and developing their own identities. This makes them a prime target for new product launches, promotions, and marketing campaigns.

Third, college students may be more digitally connected than high school graduates who are working full time. They are likely to be heavy users of social media, online shopping, and mobile devices, and may prefer to receive marketing messages through these channels.

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discuss the view that imposing an indirect tax on gasoline (petrol) is the most effective way of reducing the market failure caused by cars.

Answers

Taxes on harmful externalities like cars are meant to force customers and producers to cover the entire social cost of the good. Consumption is decreased as a result, and the result is more socially beneficial.

Without a tax, there will be excessive consumption if a good has a negative externality (Q1 where D=S), as individuals tend to overlook the external costs. Positively, it offers motivation to lessen harmful externalities like pollution. For instance, the higher gasoline price has made cars more fuel-efficient.
In cases where MSC = MSB, social efficiency is the first-best option.
The government earns money from taxes. This can be used for substitutes like public transportation. Disadvantages, Higher taxes won't have much of an impact on demand if it is inelastic.

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an auditor uses the knowledge provided by the understanding of internal control and the assessed risks of material misstatement primarily to determine the nature, timing, and extent of substantive procedures for financial statement assertions. determine whether procedures and records concerning the safeguarding of assets are reliable. determine whether the opportunities to allow any person to both perpetrate and conceal fraud are minimized. modify the initial assessments of inherent risk and judgments about materiality levels for planning purposes.

Answers

The given statement means that the auditor will use the understanding of the client's internal controls and the assessed risks of material misstatement to plan and perform substantive procedures, which are audit procedures performed to obtain audit evidence to detect material misstatements in the financial statements.

As a result, the right answer is: the primary aim of knowing internal control and the evaluated risks of material misstatement is not to revise the initial estimates of inherent risk and judgements about materiality levels for planning purposes. While the auditor's original judgments of inherent risk and materiality levels may be modified as a result of the evaluation of internal control and the risks of significant misstatement, this is not the primary goal of these evaluations. The main goal is to establish and carry out meaningful procedures for financial statement assertions.

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on october 1, 2024, ogneva corporation loans one of its employees $40,000 and accepts a 12-month, 9% note receivable. calculate the amount of interest revenue ogneva will recognize in 2024 and 2025.

Answers

The amount of interest revenue that Ogneva Corporation will recognize in 2024 and 2025 is $900 and $2700 respectively.

What is interest revenue?

Interest revenue is money earned by lending money or money received by depositing or investing. Companies that charge interest on loans consider interest revenue to be a significant source of revenue that should be reported at the top of the income statement.

Since it is a 12-month loan the loan period will start from 1 October,2024 and end on 1st October, 2025.

The interest revenue is calculated as follows:-

Interest Revenue for 2024

= Principal x rate x time

= $40,000 x 9% x  3 / 12 ( This is from October to December 31st year end of 2024)

=$900

Interest Revenue  for 2025

= Principal x rate x time

= $40,000 x 9% x  9 / 12 ( This is from January 1st of 2022 to  October 1st 2025)

=$2,700

Therefore, $900 and $2,700 are the interest revenue, that Ogneve Corporation will recognize in 2024 and 2025.

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Why isn't brinly letting me watch a video to get my answer? I woke up and started doing hw, there was this question I didnt seem to understand and i came on here and it wont let me watch a video, like the skip button is gone ​

Answers

Answer: try and turn off the device you are using and turn it back on then it should start back working

Explanation:

approximately how much money per consumer will be spent on the super bowl this year?

Answers

The advertising revenue from the 2021 Super Bowl, for example, set a new high of $485 million USD. Meanwhile, a 30-second ad spot during the Super Bowl broadcast is expected to cost 6.5 million US dollars in 2022.

What is the average cost of a Super Bowl party?

This year, 103.5 million people intend to host or attend a party, while another 17.8 million intend to watch the game in a bar or restaurant.

For the day, total spending on food, drinks, clothing, decorations, and other purchases is expected to reach $16.5 billion, or $85.36 per person. According to the National Retail Federation (NRF), total spending on food, drinks, apparel, decorations, and other purchases for Super Bowl

Therefore, Sunday celebrations are expected to reach $16.5 billion, or $85.36 for each of the 192.9 million adults planning to watch the game.

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Which person did not use a cost-saving strategy when deciding how to spend
their money?
A. Abram used comparison shopping to decide which pair of new
jeans would be the best value.
B. Lin had decided to buy the cheapest of three fitness cameras, but
she changed her mind when she read the return policy.
C. Juanita had planned to save for her new video game, but instead
she used a credit card because her friends wanted her to play with
them.
D. Caleb bought a computer he could upgrade as newer video cards
became available instead of the computer that could not be
upgraded.

Answers

Lin had decided to buy the cheapest of three fitness cameras, but

she changed her mind when she read the return policy  did not use a cost-saving strategy when deciding how to spend their money .

What is Cost reduction strategies ?

Practices and guiding concepts that aim to maximize operational effectiveness are known as cost reduction strategies. They deal with everything related to managing a firm, including employing staff and making travel arrangements.

                                    Process simplification, efficient resource allocation, and waste reduction are key components of a successful deployment. A group of procedures or practices known as cost savings aim to lower the actual or anticipated costs of a specific transaction.

What advantages do cost savings offer?

The amount of debt you have or the amount of money you need to invest in a project may both decrease as a result of cost reductions. Saving money by cutting costs has a definite financial advantage.

                          To put it another way, when you examine your money, you can find cost-saving measures. Both annual budgets and financial statements make them clear.

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