Derek will deposit $4,641.00 per year for 30.00 years into an account that earns 15.00%. The first deposit is made next year. How much will be in the account 30.0 years from today? Attempts Remaining: Infinity Answer format: Currency: Round to: 2 decimal places.

Answers

Answer 1

The amount in the account 30 years from today will be approximately $335,671.44.

To calculate the amount that will be in the account 30 years from today, we need to calculate the future value of the annual deposits.

Given:

Annual deposit = $4,641.00

Number of years = 30

Interest rate = 15%

Since the first deposit is made next year, we will calculate the future value of the deposits over 29 years (from year 2 to year 30), and then add the future value of the last deposit made in year 31 (at the end of the 30th year).

We can use the formula for the future value of an ordinary annuity:

FV = P * ((1 + r)^n - 1) / r

Where: the amount in the account 30 years from today will be approximately $335,671.44.

FV = Future value of the annuity (amount in the account)

P = Annual deposit

r = Interest rate per period (annual interest rate divided by the number of periods)

n = Total number of periods

First, let's calculate the interest rate per period:

Interest rate per period = 15% / 100 = 0.15

Next, we calculate the future value of the annual deposits from year 2 to year 30:

Future value of annuity = $4,641.00 * ((1 + 0.15)^30 - 1) / 0.15

Future value of annuity ≈ $330,328.29

Now, we need to calculate the future value of the last deposit made in year 31:

Future value of last deposit = $4,641.00 * (1 + 0.15)^1

Future value of last deposit ≈ $5,343.15

Finally, we add the future value of the annuity and the future investment value of the last deposit to find the total amount in the account 30 years from today:

Total amount = Future value of annuity + Future value of last deposit

Total amount ≈ $330,328.29 + $5,343.15

Total amount ≈ $335,671.44

Therefore, the amount in the account 30 years from today will be approximately $335,671.44.

Learn more about investment here: brainly.com/question/15105766

#SPJ11


Related Questions

Event: Increase in productivity of labor. a) Will this event affect: Aggregate Demand (AD), or, Short Run Aggregate Supply(SRAS)? b) Will equilibrium Price: Increases, or, decrease? c) Will Real GDP: increase, or, decrease? d) Will unemployment rate: increase, or, decrease?

Answers

a) This event will affect Short Run Aggregate Supply (SRAS).
b) The equilibrium price will decrease.
c) Real GDP will increase.
d) The unemployment rate will decrease.

Explanation:
a) An increase in the productivity of labor will shift the Short Run Aggregate Supply (SRAS) curve to the right. This is because higher productivity allows for more output to be produced at each level of input, leading to an increase in aggregate supply.

b) As the Short Run Aggregate Supply (SRAS) curve shifts to the right, the equilibrium price will decrease because the increase in aggregate supply leads to a decrease in prices, assuming other factors remain constant.

c) With an increase in the productivity of labor, the shift in the Short Run Aggregate Supply (SRAS) curve will lead to an increase in Real GDP because more output can be produced with the same amount of labor, leading to an increase in overall economic output.

d) The increase in productivity of labor will result in a decrease in the unemployment rate because the higher productivity allows firms to produce more output with the same amount of labor, leading to increased demand for workers and ultimately reducing the unemployment rate.

Consequence of increase in productivity of labor: https://brainly.com/question/33788477

#SPJ11

Discuss the skills and qualities that you consider most important for a manager to today’s world which is characterised by uncertainty, ambiguity and sudden change or threats from the environment.

Step 1: Research the assignment question above. Your research should be of peer-reviewed journal articles (2015 onwards) plus your textbook.

Answers

To discuss the skills and qualities important for a manager in today's world characterized by uncertainty, ambiguity, and sudden change or threats from the environment, I have conducted research on peer-reviewed journal articles and relevant textbooks.

1. Adaptability: Managers should be adaptable to navigate through uncertain and changing circumstances. They need to embrace new ideas, approaches, and technologies to stay ahead.

2. Resilience: Managers should possess resilience to handle ambiguity and adversity. They must be able to bounce back from setbacks and find solutions amidst uncertainty.

3. Strategic thinking: Managers need to think strategically and anticipate potential threats and opportunities. They should analyze data, assess risks, and develop effective strategies to mitigate risks and seize opportunities.

In conclusion, in today's uncertain and rapidly changing world, managers need to possess adaptability, resilience, strategic thinking, effective communication, emotional intelligence, decisiveness, continuous learning, and collaboration skills. These qualities will help them navigate through ambiguity and sudden changes or threats from the environment.

To know more about discuss visit:

https://brainly.com/question/32400704

#SPJ11

(Ignore income taxes in this problem.) Latting Corporation has entered into a seven-year lease for a building it will use as a warehouse. The annual payment under the lease will be $4,781. The first payment will be at the end of the current year and all subsequent payments will be made at year-ends. If the discount rate is 6 percent, the present value of the lease payments is closest to A. $22,257. B. $26,688. C. $31,573. D. $33,467.

Answers

The correct answer is C. $31,573. The present value of the lease payments is closest to $31,573. To calculate the present value of lease payments, we use the present value formula which is as follows: PV = PMT × [1 - (1 + i)-n]/i.

Where, PV = Present value of the lease payments PMT = Payment per year under the lease i = Discount rate per year n = Number of years for the lease. Therefore, we need to substitute the given values in the formula. PMT = $4,781i = 6% = 0.06n = 7 years. Now, we need to calculate the present value using the formula.

PV = $4,781 × [1 - (1 + 0.06)-7]/0.06= $4,781 × [1 - (1.06)-7]/0.06= $4,781 × [1 - 0.50839]/0.06= $4,781 × 10.9773= $52,515.43 Rounding off the above value to the nearest whole number, we get $52,515. This is the total present value of the lease payments. The question asks for the present value of the lease payments, so the correct option is (C) $31,573 which is the closest value to the calculated present value.

To know more about payments visit:

https://brainly.com/question/19550910

#SPJ11

You are considering a stock investment in one of two firms (NoEquity, Inc. and NoDebt, Inc.), both of which operate in the same industry and have identical operating income of \( \$ 7.0 \) million. No

Answers

NoEquity, Incorporated has a net income of $10.744 million and a return on assets of 21.49%, while NoDebt, Incorporated has a net income of $14.615 million and a return on assets of 29.23%.

To calculate the net income and return on assets for both firms, we need to consider their operating income, interest expense, taxes, and equity.

For NoEquity, Incorporated:

Operating income: $18.5 million

Interest expense: $49 million * 10% = $4.9 million (annual interest on the debt)

Taxable income: Operating income - Interest expense = $18.5 million - $4.9 million = $13.6 million

Taxes: $13.6 million * 21% = $2.856 million

Net income: Taxable income - Taxes = $13.6 million - $2.856 million = $10.744 million

Return on assets: Net income / Total assets = $10.744 million / $50 million = 21.49%

For NoDebt, Incorporated:

Operating income: $18.5 million

Taxes: $18.5 million * 21% = $3.885 million

Net income: Operating income - Taxes = $18.5 million - $3.885 million = $14.615 million

Return on assets: Net income / Total assets = $14.615 million / $50 million = 29.23%

These figures indicate the profitability and efficiency of each firm in generating income from their assets. NoDebt, Incorporated, which is financed entirely by equity, has a higher net income and return on assets compared to NoEquity, Incorporated, which carries a significant amount of debt.

To learn more about investment click on,

https://brainly.com/question/31507413

#SPJ4

Complete question is:

You are considering a stock investment in one of two firms (NoEquity, Incorporated, and NoDebt, Incorporated), both of which operate in the same industry and have identical EBITDA of $39.1 million and operating income of $18.5 million. NoEquity, Incorporated, finances its $50 million in assets with $49 million in debt (on which it pays 10 percent interest annually) and $1 million in equity. NoDebt, Incorporated, finances its $50 million in assets with no debt and $50 million in equity. Both firms pay a tax rate of 21 percent on their taxable income. Calculate the net income and return on assets-funders' investments-for the two firms.

(Related to Checkpoint 9.2) (Yield to maturity) The market price is $850 for a 13-year bond ( $1,000 par value) that pays 11 percent annual interest, but makes interest payments on a semiannual basis ( 5.5 percent semiannually). What is the bond's yield to maturity? The bond's yield to maturity is %. (Round to two decimal places.) (Related to Checkpoint 9.3) (Bond valuation) Doisneau 17-year bonds have an annual coupon interest of 14 percent, make interest payments on a semiannual basis, and have a $1,000 par value. If the bonds are trading with a market's required yield to maturity of 15 percent, are these premium or discount bonds? Explain your answer. What is the price of the bonds? a. If the bonds are trading with a yield to maturity of 15%, then (Select the best choice below.) A. the bonds should be selling at a discount because the bond's coupon rate is less than the yield to maturity of similar bonds. B. there is not enough information to judge the value of the bonds. C. the bonds should be selling at par because the bond's coupon rate is equal to the yield to maturity of similar bonds. D. the bonds should be selling at a premium because the bond's coupon rate is greater than the yield to maturity of similar bonds. b. The price of the bonds is $. (Round to the nearest cent.) (Related to Checkpoint 9.2 and Checkpoint 9.3) (Bond valuation) Fingen's 18-year, $1,000 par value bonds pay 14 percent interest annually. The market price of the bonds is $930 and the market's required yield to maturity on a comparable-risk bond is 17 percent. a. Compute the bond's yield to maturity. b. Determine the value of the bond to you, given your required rate of return. c. Should you purchase the bond? a. What is your yield to maturity on the Fingen bonds given the market price of the bonds? % (Round to two decimal places.)

Answers

Checkpoint 9.2: The bond's yield to maturity is 6.55%.

Checkpoint 9.3: a. The bonds should be selling at a discount because the bond's coupon rate is less than the yield to maturity of similar bonds. b. The price of the bonds is $925.96.

Checkpoint 9.2 and Checkpoint 9.3: a. Your yield to maturity on the Fingen bonds, given the market price of $930, is approximately 16.82%. b. The value of the bond to you, given your required rate of return, is approximately $968.11. c. Whether you should purchase the bond depends on your required rate of return and personal investment objectives.

Checkpoint 9.2:

The bond's yield to maturity can be calculated using the present value formula. The bond pays 11 percent annual interest, but on a semiannual basis, which means the coupon rate is 5.5 percent semiannually. The par value is $1,000 and the market price is $850.

Using a financial calculator or spreadsheet, the bond's yield to maturity is approximately 6.55%.

Checkpoint 9.3:

If the bonds are trading with a yield to maturity of 15%, then the correct choice is A. The bonds should be selling at a discount because the bond's coupon rate is less than the yield to maturity of similar bonds.

To calculate the price of the bonds, we can use the present value formula with the given information. The bond has a 17-year maturity, $1,000 par value, and a 14 percent annual coupon interest. The market's required yield to maturity is 15%.

Using a financial calculator or spreadsheet, the price of the bonds is approximately $925.96.

Checkpoint 9.2 and Checkpoint 9.3:

For Fingen's 18-year bonds, the par value is $1,000 and the annual interest is 14 percent. The market price of the bonds is $930, and the market's required yield to maturity is 17%.

a. To calculate the bond's yield to maturity, we can use the present value formula. Using a financial calculator or spreadsheet, the yield to maturity is approximately 16.82%.

b. To determine the value of the bond to you, given your required rate of return, we can calculate the present value of the bond's future cash flows using your required rate of return. Using the given information, the value of the bond is approximately $968.11.

c. Whether you should purchase the bond depends on your required rate of return and personal investment objectives. If your required rate of return is lower than the bond's yield to maturity (16.82%), it may be favorable to purchase the bond as it offers a higher return. However, if your required rate of return is higher than the bond's yield to maturity, it may not be an attractive investment.

The yield to maturity on the Fingen bonds, given the market price of $930, is approximately 16.82%.

To know more about bond's yield:

https://brainly.com/question/13781971


#SPJ4

A Half-Year of Job Losses Employers trimmed jobs in June for the sixth straight month, with the total for the first six months at 438,000 jobs lost by the U.S. economy. The job losses in June were concentrated in manufacturing and construction, two sectors that have been badly battered in the recession. Source: CNN, July 3, 2008 a. Based on the news clip, what might be the main source of increased unemployment? b. Based on the news clip, what might be the main type of increased unemployment?

Answers

a. Based on the news clip, the main source of increased employment is likely the decline in jobs in the manufacturing and construction sectors.

The clip mentions that job losses in June were concentrated in these two sectors, indicating that they have been particularly affected by the recession. This suggests that the reduced demand for manufactured goods and decreased construction activity have led to job cuts in these industries.

b. Based on the news clip, the main type of increased unemployment might be structural unemployment. Structural unemployment occurs when there is a mismatch between the skills and qualifications of job seekers and the available job opportunities.

The concentration of job losses in manufacturing and construction, which are specific sectors, suggests that the workers who were laid off may face difficulties finding new jobs that match their skills and experience.

This indicates a structural issue in the labor market rather than a temporary cyclical downturn.

learn more about employment here: brainly.com/question/30009299

#SPJ11

Superior Company has the following cost and expense data for the year ending December 31, 2017. Raw materials, 1/1/17 Raw materials, 12/31/17 T Raw materials purchases Indirect materials Work in process, 1/1/17 Work in process, 12/31/17 Finished goods, 1/1/17 Finished goods, 12/31/17 Direct labor Factory manager's salary $ 30,000 20,000 205,000 Insurance, factory Property taxes, factory building Sales revenue Delivery expenses Sales commissions Indirect labor Factory machinery rent Factory utilities 15,000 80,000 50,000 110,000 120,000 350,000 Depreciation, factory building 35,000 Administrative expenses $ 14,000 6,000 1,500,000 100,000 150,000 90,000 40,000 65,000 24,000 300,000 Instructions (a) Prepare a cost of goods manufactured schedule for Superior Company for 2017. (b) Prepare an income statement for Superior Company for 2017. (c) Assume that Superior Company's accounting records show the balances of the follow- ing current asset accounts: Cash $17.000. Accounts Receivable (net) $120,000, Prepaid Expenses $13,000, and Short-Term Investments $26,000. Prepare the current assets section of the balance sheet for Superior Company as of December 31, 2017.

Answers

a.) The cost of goods manufactured for Superior Company in 2017 is $714,000.

b.) The income statement for Superior Company in 2017 shows an operating income of $61,000.

c.) The current assets section of the balance sheet for Superior Company as of December 31, 2017, includes cash of $17,000, accounts receivable (net) of $120,000, prepaid expenses of $13,000, and short-term investments of $26,000.

(a) Cost of Goods Manufactured Schedule for Superior Company in 2017:

Raw materials, January 1, 2017: $30,000

Raw materials purchases: $205,000

Total raw materials available for use: $235,000

Less: Raw materials, December 31, 2017: $20,000

Raw materials used in production: $215,000

Work in process, January 1, 2017: $110,000

Total manufacturing costs incurred during 2017:

Direct materials used: $215,000

Direct labor: $150,000

Indirect materials: $80,000

Indirect labor: $120,000

Factory machinery rent: $24,000

Factory utilities: $65,000

Factory manager's salary: $40,000

Total manufacturing costs: $694,000

Total cost of work in process: $804,000

Less: Work in process, December 31, 2017: $90,000

Cost of goods manufactured: $714,000

Therefore, the cost of goods manufactured for Superior Company in 2017 is $714,000.

(b) Income Statement for Superior Company in 2017:

Sales revenue: $1,500,000

Less: Cost of goods sold:

Beginning finished goods inventory: $110,000

Cost of goods manufactured: $714,000

Total cost of goods available for sale: $824,000

Ending finished goods inventory: $90,000

Cost of goods sold: $734,000

Gross profit: $766,000

Less: Operating expenses:

Delivery expenses: $100,000

Sales commissions: $150,000

Indirect labor: $120,000

Depreciation, factory building: $35,000

Administrative expenses: $300,000

Total operating expenses: $705,000

Operating income: $61,000

Therefore, the income statement for Superior Company in 2017 shows an operating income of $61,000.

(c) Current Assets Section of the Balance Sheet for Superior Company as of December 31, 2017:

Cash: $17,000

Accounts Receivable (net): $120,000

Prepaid Expenses: $13,000

Short-Term Investments: $26,000

As of December 31, 2017, Superior Company's balance sheet includes current assets comprising $17,000 in cash, $120,000 in net accounts receivable, $13,000 in prepaid expenses, and $26,000 in short-term investments.

For more question on income visit:

https://brainly.com/question/30157678

#SPJ8

use the cause and effect table to answer the question. cause effect ? farm income dwindled, and agricultural prices plummeted even further. which cause best completes the table? a. farmers overproduced crops in an effort to recover their losses. b. farmers borrowed against future production to expand their farms. c. farmers neglected to take advantage of good growing conditions. d. farmers knew little of the government's generous farming policies.

Answers

The cause that best completes the table is option a, as it directly leads to the effect of farm income  dwindling and agricultural prices plummeting.

Based on the given cause and effect scenario, the best cause to complete the table would be option a. farmers overproduced crops in an effort to recover their losses.

This is because when farmers overproduce crops, the market becomes saturated, leading to a decrease in agricultural prices.

Additionally, the excess supply of crops contributes to dwindling farm income.

By trying to recover their losses through overproduction, farmers inadvertently worsen the situation.

To know more about farm income visit:
https://brainly.com/question/32396705

#SPJ11

You are told that the Sales for your firm is normally distributed with a mean of $450,000 and a standard deviation of $55,000. Which of the following statements do you NOT know is true? O Half of sales are greater than $450,000 O 68% of sales fall between $395,000 and $505.000 O The median and mode sales figure is $450,000 O There cannot be sales data of more than $1 million

Answers

The statement that we do not know is true is "Half of sales are greater than $450,000" as we are not given enough information to determine this statement.

We are told that the sales for a certain company is normally distributed with a mean of $450,000 and a standard deviation of $55,000. We need to figure out the statement that is false. Let us take the given statements one by one.

O Half of sales are greater than $450,000

This statement cannot be determined using the information provided as the mean is given to be $450,000 and this information is not sufficient to determine the statement.

O 68% of sales fall between $395,000 and $505,000

This is true. We know that a normal distribution with mean and standard deviation can be represented as follows:

mean ± 1SD = 68% of data is included.

Therefore, $395,000 and $505,000 are both 1 standard deviation away from the mean of $450,000. Hence 68% of sales fall between $395,000 and $505,000.

O The median and mode sales figure is $450,000

This is true.

Since the normal distribution is symmetrical, the median and mode will both be equal to the mean of $450,000.O There cannot be sales data of more than $1 million

This statement is not true. We are not given any information on an upper limit on sales, so this statement cannot be concluded.

Conclusion: Therefore, the statement that we do not know is true is "Half of sales are greater than $450,000" as we are not given enough information to determine this statement.

To know more about sales visit

https://brainly.com/question/29436143

#SPJ11

for which of the following services does successful service delivery depend on consumers having a moderate level of participation by providing information, effort, or physical possessions? tax preparation by an accountant airline travel a symphony concert a haircut marriage counseling

Answers

For the services listed, successful service delivery depends on consumers having a moderate level of participation by providing information.

effort, or physical possessions for tax preparation by an accountant and marriage counseling.

For the services listed, successful service delivery depends on consumers having a moderate level of participation by providing information.

To know more about consumers visit:

https://brainly.com/question/27773546

#SPJ11

Successful service delivery depends on consumers having a moderate level of participation by providing information, effort, or physical possessions in the following services:

1. Tax preparation by an accountant: When preparing taxes, consumers need to provide accurate information about their income, expenses, and deductions. They must gather relevant documents such as W-2 forms, receipts, and investment statements. Their participation is crucial for the accountant to accurately calculate taxes owed or refunds due.

2. Airline travel: Consumers need to provide personal information, such as their name and passport details, when booking a flight. Additionally, they must comply with security procedures, such as presenting identification and going through security screenings. Their active involvement ensures smooth travel and compliance with regulations.

3. Symphony concert: Audience participation at a symphony concert involves actively engaging with the music, applauding at appropriate times, and adhering to concert etiquette. While not providing information or effort, the audience's presence and respect contribute to the overall success of the performance.

4. Haircut: During a haircut, consumers typically communicate their desired style, length, and any specific preferences to the hairdresser. Their active participation and clear communication ensure that the stylist understands their expectations and can deliver the desired outcome.

5. Marriage counseling: Successful marriage counseling relies on the active participation of both partners. They need to provide honest information about their relationship, concerns, and goals. Additionally, they must be willing to put in effort and make changes based on the counselor's guidance.

In these services, consumer participation is necessary for successful outcomes. Their involvement ensures accurate information, compliance with procedures, clear communication, and active engagement.

Learn more about Tax preparation from a given link :

https://brainly.com/question/6779776

#SPJ11

Discuss in what ways financial analyses could be presented to various stakeholders beyond bankers and an organization's management.

Answers

Financial analyses can be presented to various stakeholders beyond bankers and an organization's management in several ways:

1. Shareholders/Investors: Financial analyses can be presented to shareholders through annual reports, investor presentations, and shareholder meetings. These stakeholders are interested in understanding the financial health, performance, and prospects of the company to make informed investment decisions.

2. Employees: Financial analyses can be shared with employees through internal communications, such as company newsletters or intranet portals. This helps employees understand the financial position and performance of the organization, fostering transparency and trust.

3. Regulatory Authorities: Financial analyses are crucial for regulatory compliance. Reports and statements are submitted to regulatory authorities to ensure adherence to financial regulations and provide insights into the organization's financial stability and compliance.

4 .C4 fustomers/Clients: In some industries, financial analyses may be shared with customers or clients to demonstrate the financial stability and credibility of the organization. This can be done through annual reports, financial statements, or transparency initiatives.

5. Suppliers and Partners: Financial analyses can be shared with suppliers and partners to establish trust and assess the financial viability of the organization. This information helps them evaluate the organization's ability to meet payment obligations and sustain partnerships.

6. Government and Public Agencies: Financial analyses may be required by government agencies for taxation purposes or to assess the economic impact of the organization. They can also be shared with the public through financial disclosures or transparency reports.

In summary, financial analyses are relevant to a wide range of stakeholders and can be presented through various channels to provide transparency, build trust, and inform decision-making.

To know more about Financial analyses :
https://brainly.com/question/32866929

#SPJ4

Is the listing licensee in violation of the rules and regulations if she fails to deliver a copy of a sales contract to the seller after the buyer has accepted the seller's counteroffer? A. Yes, as a fiduciary agent to the seller, the licensee is required to provide a copy to the seller and may provide a copy to the buyer as a courtesy. OB. No, only the buyer must receive a copy when there is a counteroffer. C. Yes, both the seller and the buyer must receive copies. OD. No, because the seller received a copy of the counteroffer earlier. 2022 P All remed

Answers

Yes, the listing licensee is in violation of the rules and regulations if she fails to deliver a copy of a sales contract to the seller after the buyer has accepted the seller's counteroffer. The correct option is A. Yes, as a fiduciary agent to the seller, the licensee is required to provide a copy to the seller and may provide a copy to the buyer as a courtesy.

A fiduciary agent is an agent who is responsible for acting in the best interests of his or her principal. In real estate, this means that a licensee, whether representing a seller or a buyer, must act in the best interests of his or her client, putting their interests ahead of his or her own. As per the Code of Ethics and Standards of Practice of the National Association of Realtors, a real estate licensee must be transparent with all parties to the transaction.

Therefore, the listing licensee should deliver a copy of the sales contract to both the buyer and seller. She is required to provide a copy to the seller because the seller is her client and she is a fiduciary agent to the seller. She may also provide a copy of the contract to the buyer as a courtesy.

The seller and the buyer are both parties to the transaction. Both of them should be made aware of the terms and conditions of the contract. Thus, the correct option is A. Yes, as a fiduciary agent to the seller, the licensee is required to provide a copy to the seller and may provide a copy to the buyer as a courtesy.

You can learn more about licensee at: brainly.com/question/28212009

#SPJ11

Mandarin recently migrated from the United Republic of Orangeland (URO). He has started working as a chef at the Hilton Hotel in Melbourne, and is unsure about which Superannuation fund he should join. He speaks to a financial advisor at THATBank who advises Mandarin to join the HelpMe Super Fund because they also offer income insurance. The premiums will cost approximately $50 per and the payments can be made by using the funds in their superannuation account. Mandarin thinks this method of payment is illegal.

Answers

Mandarin is concerned about the legality of using funds from his superannuation account to pay for the premiums of income insurance offered by HelpMe Super Fund. However, using superannuation funds to pay for insurance premiums is not illegal. It is a legitimate practice that many superannuation funds allow.

1. Mandarin is unsure about which Superannuation fund to join as he starts working as a chef at the Hilton Hotel in Melbourne.

2. He seeks advice from a financial advisor at THATBank.

3. The financial advisor recommends Mandarin to join the HelpMe Super Fund because they also offer income insurance.

4. Mandarin becomes concerned about the method of payment for the premiums, as he believes it might be illegal.

5. Using superannuation funds to pay for insurance premiums is a common practice and is not illegal.

6. Many superannuation funds offer the option to deduct insurance premiums directly from the funds in the superannuation account.

7. This method allows individuals like Mandarin to conveniently pay for their insurance coverage without having to make separate payments.

8. Mandarin can authorize the HelpMe Super Fund to deduct the premiums from his superannuation account, which will be a recurring payment.

9. The estimated cost of the premiums is around $50 per payment.

10. By using this method, Mandarin can ensure that his insurance coverage remains active and pays for his premiums using the funds within his superannuation account.

Therefore, Mandarin can proceed with joining the HelpMe Super Fund and using his superannuation funds to pay for the income insurance premiums without any legal concerns.

For more such questions on income, click on:

https://brainly.com/question/30157678

#SPJ8

The difference in profitability amongst competitors is caused by
where a firm’s focuses on its operational
effectiveness. Group of answer choices
True
False

Answers

The difference in profitability amongst competitors is not solely caused by a firm's focus on operational effectiveness. Thus, the given statement is False.

While operational effectiveness is an important factor in achieving profitability, it is not the sole determinant of the difference in profitability among competitors. Operational effectiveness refers to the ability of a firm to perform its operations efficiently and optimize its processes. It involves activities such as cost control, quality management, and productivity improvement.

However, profitability in competitive markets is influenced by various other factors, including market demand, pricing strategies, differentiation, innovation, customer satisfaction, marketing effectiveness, and overall strategic positioning. These factors contribute to a firm's ability to generate higher revenues, gain market share, and create sustainable competitive advantages.

Therefore, while operational effectiveness is necessary for achieving profitability, it is only one aspect among many that influence a firm's success in a competitive market. Other strategic and market-related factors play a significant role in determining a firm's profitability and competitive advantage.

Learn more about profitability here: brainly.com/question/29982132

#SPJ11

Many American and European businesspeople argue that keiretsu system in Japan acts as a barrier to foreign companies entering the Japanese market. Discuss why do you think they believe this.

Answers

Many American and European businesspeople believe that the Keiretsu system in Japan acts as a barrier to foreign companies entering the Japanese market, this is because it restricts them from having access to many important suppliers and distributors.

Keiretsu is a type of business organization in Japan where various companies in a particular industry align themselves around a bank. Keiretsu is composed of firms that operate in a variety of industries, including electronics, steel, car manufacturing, and banking. The companies share a business culture and rely on one another for mutual success. Foreign businesses have criticized Keiretsu because they believe it restricts them from having access to many important suppliers and distributors, making it difficult to compete on the market.

Furthermore, they argue that the Keiretsu system functions as a closed club, with Japanese businesses creating a virtually impenetrable wall of cooperation that leaves out outsiders. This leads to a lack of competition and innovation, with Japanese companies focusing more on preserving their traditions and networks rather than embracing new ideas and perspectives, this could lead to stagnation and a decline in economic growth. So therefore many American and European businesspeople believe that the Keiretsu system in Japan acts as a barrier to foreign companies entering the Japanese market, this is because it restricts them from having access to many important suppliers and distributors.

Learn more about Keiretsu at:

https://brainly.com/question/30903924

#SPJ11

How Does Marketing Strategy Connect To Business Strategy? Please Provide An Example

Answers

The marketing strategy is a subset of the overall business strategy, as it focuses specifically on the marketing activities that help achieve the broader business goals. Here's an example to illustrate their connection:

Let's consider a fictional company called "XYZ Electronics," which manufactures and sells consumer electronics such as smartphones, tablets, and laptops.

Business strategy: XYZ Electronics has a business strategy to become the market leader in affordable yet high-quality consumer electronics products. They aim to increase market share, expand their product line, and enhance profitability.

Marketing strategy: To align with the business strategy, XYZ Electronics develops a marketing strategy that focuses on product differentiation, pricing, and distribution to achieve their goals. They identify their target market as tech-savvy individuals aged 18-35 who value affordability without compromising on quality.

1. Product differentiation: XYZ Electronics aims to differentiate its products from competitors by offering unique features, stylish designs, and superior performance. Their marketing strategy emphasizes highlighting these differentiators through advertising, product demonstrations, and customer testimonials.

2. Pricing strategy: XYZ Electronics adopts a competitive pricing strategy that positions their products as affordable alternatives to more expensive brands. They conduct market research to determine the optimal price points that appeal to their target market while maintaining profitability.

3. Distribution channels: XYZ Electronics decides to sell their products through both traditional retail stores and online platforms. They establish partnerships with various retailers to ensure widespread availability. Additionally, they invest in an e-commerce website and online marketing campaigns to reach customers who prefer online shopping.

The marketing strategy directly supports the business strategy by creating awareness, generating leads, and driving sales. It helps XYZ Electronics to position their products effectively, attract the target market, and ultimately achieve their business objectives of market leadership, increased market share, and enhanced profitability.

Learn more about business objectives here:

https://brainly.com/question/33520669

#SPJ11

A six-year zero coupon bond with a face value of $1,000 is trading at $815 on the market.
A) What is the yield to maturity of the bond?
B) What happens to the yield to maturity if the price of the bond rises to $850?

Answers

If the price of the bond rises to $850, the yield to maturity would increase to approximately 4.18%. The yield to maturity represents the effective interest rate earned by an investor if they hold the bond until maturity, and it fluctuates based on changes in the bond price. As the bond price rises, the yield to maturity decreases, and vice versa.

A) To calculate the yield to maturity (YTM) of the bond, we can use the following formula:

[tex]YTM = ((Face Value / Bond Price)^(1/Number of Years)) - 1[/tex]

Given:

Face value = $1,000

Bond price = $815

Number of years = 6

Plugging in the values:[tex]YTM = (($1,000 / $815)^(1/6)) - 1[/tex] = 0.0348

Calculating this expression, we find that the yield to maturity of the bond is approximately 0.0348 or 3.48%.

B) If the price of the bond rises to $850, the yield to maturity would change. To calculate the new YTM, we can use the same formula with the new bond price: [tex]YTM = (($1,000 / $850)^(1/6)) - 1[/tex] = 0.0418

Calculating this expression, we find that the new yield to maturity would be approximately 0.0418 or 4.18%.

LEARN MORE ABOUT interest rate here: brainly.com/question/14556630

#SPJ11

What are the legal, ethical and contract implications of the police officer (Nicholas Cage) telling the waitress (Bridget Fonda) that he will share the lottery winnings with her? 2. Does the waitress have an assignment, or is she a third party beneficiary? Why? Submit your responses to the respective Dropbox folder.

Answers

The legal, ethical, and contract implications of the police officer telling the waitress he will share the lottery winnings with her involve potential issues of contract enforceability and ethical obligations.

From a legal perspective, the police officer's statement to share the lottery winnings could potentially be seen as a unilateral contract, where the waitress may have a claim if she relied on the promise and suffered harm as a result. However, enforceability may depend on various factors such as the intention to create legal relations, consideration, and any applicable statute of fraud.

Ethically, the police officer may be expected to fulfill his promise, but the circumstances and context should also be considered. The waitress could be seen as a third-party beneficiary if the contract (if deemed valid) was intended to confer a benefit upon her. This would give her the right to enforce the contract.

For more questions like Contract click the link below:

https://brainly.com/question/32254040

#SPJ11

Which of the following statements is true:
A. Perfectly price discriminating monopoly results in smaller deadweight loss than perfectly competitive firm;
B. Perfectly price discriminating monopoly results in larger deadweight loss than perfectly competitive firm;
C. Perfectly price discriminating monopoly results in the same deadweight loss as a perfectly competitive firm.

Answers

Option C is the true statement. The perfectly price discriminating monopoly results in the same deadweight loss as a perfectly competitive firm.

Deadweight loss is the loss of economic efficiency that occurs when the socially optimal quantity of a good or a service is not produced. Deadweight loss is caused by market inefficiencies, such as monopoly power, externalities, public goods, and information a symmetry. In a perfectly competitive market, the equilibrium price is equal to the marginal cost, which is the minimum amount a producer must charge to produce a good.

In a perfectly price discriminating monopoly, the monopolist charges each customer the maximum amount they are willing to pay for a good, which results in no deadweight loss because the monopolist produces the socially optimal quantity of the good. Therefore, the statement that the perfectly price discriminating monopoly results in the same deadweight loss as a perfectly competitive firm is true.

To know more about discriminating visit:

brainly.com/question/14019852

#SPJ11

Life expectancy in years (L) is a function of two inputs, health expenditures (H) and nutrition expenditures (N) in hundreds of dollars per year.
The production function is L=cHNL=cHN
Now suppose that N = 2, H = 2 and c = 20.
You run a charity that can provide either food aid or health aid to this country. Which would provide a greater marginal benefit: increasing H or N?
Increase H
Increase N
Equal Impact from either
Not enough information to determine the effects.

Answers

Increasing N would provide a greater marginal benefit.

Since the production function is L = cHN, increasing N would have a greater impact on life expectancy because it is directly multiplied by c and H. In this case, N is fixed at 2, so increasing H would only increase the marginal benefit by a factor of c.

However, increasing N would directly increase the product of c and H, resulting in a larger marginal benefit. Therefore, increasing N would provide a greater marginal benefit compared to increasing H.

For more questions like Marginal benefit click the link below:

https://brainly.com/question/32252812

#SPJ11

A. Demand: P=$6.00-0.100(Qd)} Using the midpoint method, what is the price elasticity of demand when the price changes from $3.00 (P1) to $4.00 (P2)?
B. {Demand: P=$4.80-0.060(Qd)} Using the midpoint method, what is the price elasticity of demand when the price changes from $3.00 (P1) to $4.00 (P2)?
C. {Demand: P=$6.75-0.125(Qd)} Using the midpoint method, what is the price elasticity of demand when the price changes from $3.00 (P1) to $1.00 (P2)?

Answers

A. Demand: P=$6.00-0.100(Qd)Using the midpoint method, what is the price elasticity of demand when the price changes from $3.00 (P1) to $4.00 (P2)?Answer: Price elasticity of demand = (Q2 - Q1) / ((Q2 + Q1)/2) / (P2 - P1) / ((P2 + P1)/2)Substitute the given values and solve for the price elasticity of demand.

Price elasticity of demand = (-0.100 * ((Q2 + Q1) / 2)) / (1.5) / (1)Price elasticity of demand = -0.067Qd decreases by 6.7% when the price increases by 33.3%. The elasticity is inelastic.B. Demand: P=$4.80-0.060(Qd)Using the midpoint method, what is the price elasticity of demand when the price changes from $3.00 (P1) to $4.00 (P2)?Answer: Price elasticity of demand = (Q2 - Q1) / ((Q2 + Q1)/2) / (P2 - P1) / ((P2 + P1)/2)Substitute the given values and solve for the price elasticity of demand,Price elasticity of demand = (-0.060 * ((Q2 + Q1) / 2)) / (1.5) / (0.1)Price elasticity of demand = -0.8Qd decreases by 80% when the price increases by 33.3%.

The elasticity is elastic.C. Demand: P=$6.75-0.125(Qd)Using the midpoint method, what is the price elasticity of demand when the price changes from $3.00 (P1) to $1.00 (P2)?Answer: Price elasticity of demand = (Q2 - Q1) / ((Q2 + Q1)/2) / (P2 - P1) / ((P2 + P1)/2)Substitute the given values and solve for the price elasticity of demand,Price elasticity of demand = (-0.125 * ((Q2 + Q1) / 2)) / (-2) / (3.5)Price elasticity of demand = 0.714Qd increases by 71.4% when the price decreases by 66.7%. The elasticity is elastic.

To know more about Elasticity visit:-

https://brainly.com/question/18096759

#SPJ11

A binary option pays off $130 if a non-dividend-paying stock price is greater than its current value in three months. The risk-free rate is 6% and the volatility is 43%. Which of the following is its value? Note that N( . ) is the cumulative distribution function of a standard normal random variable.
a. 128.06N(0.1773) cross out
b. 128.06N(0.0377) cross out
c. 128.06N(-0.0377) cross out
d. 128.06N(−0.1773) cross out

Answers

The correct option is (E) None of the above. The value of the given binary option can be calculated using Black-Scholes model, which is as follows: C = (e^-rt)*N(d2)*S - (e^-rt)*N(d1)*K = (ln(S/K) + (r + σ²/2)t) / (σ√t)d2 = d1 - σ√t.

Exercise price of the option = K = $1.3Now, using the above values in the Black-Scholes model, C = (e^-0.06*0.25)*N(d2)*1 - (e^-0.06*0.25)*N(d1)*1.3d1 = (ln(1/1.3) + (0.06 + 0.43²/2)*0.25) / (0.43√0.25) = -0.3958d2 = -0.3958 - 0.43√0.25 = -0.8258.

Using the standard normal distribution table, N(d1) = 0.3470N(d2) = 0.2036Putting the above values in the Black-Scholes model, C = (e^-0.06*0.25)*0.2036*1 - (e^-0.06*0.25)*0.3470*1.3= 0.0228Therefore, the value of the given binary option is 0.0228 or approximately $0.023. Hence, the correct option is (E) None of the above.

To know more about Black-Scholes model visit:-

https://brainly.com/question/32940416

#SPJ11

You work as a facility operator and manager for a youth football team. Write an internship report consisting of these parts, use your imagination and creativity:
1. Knowledge gained/learned (professional skills, etc.)
2. Organizational perspective discovered (aspects pertaining the operation of the organization)
3. Performance reflection (what did well/did not do well)
4. Additional reflection (struggles/challenges, how to improve, etc.)
The internship role is sports facility operator & manager. Please refer to this role and focus on operating, managing, and preparing facility and equipment for team's games and training sessions.

Answers

My internship experience as a facility operator and manager for a youth football team, highlighting the knowledge gained in facility management, insights into the organizational dynamics.

Internship Report: Facility Operator & Manager for Youth Football Team

1. Knowledge gained/learned:

During my internship as a facility operator and manager for a youth football team, I gained valuable professional skills in facility management, equipment preparation, and event coordination. I learned how to efficiently operate and maintain sports facilities, ensuring they are safe and suitable for team activities. This included tasks such as setting up fields, inspecting equipment for safety standards, and managing inventory. Additionally, I developed strong organizational and time management skills as I learned to coordinate schedules, allocate resources, and communicate effectively with coaches, staff, and parents. Overall, this internship provided me with hands-on experience in managing sports facilities and enhanced my knowledge of the operational aspects of youth sports organizations.

2. Organizational perspective discovered:

Throughout the internship, I discovered various aspects pertaining to the operation of the youth football organization. I gained insight into the importance of effective communication and collaboration among team members, coaches, and parents to ensure a smooth operation of practices and games. I learned about the significance of facility maintenance and preparation to create a conducive environment for the team's activities. Additionally, I understood the importance of aligning with the team's goals and values to deliver high-quality services and support the development of young athletes. By observing the organizational dynamics, I gained a deeper appreciation for the teamwork and dedication required to create a positive and nurturing environment for the youth football team.

3. Performance reflection:

Reflecting on my performance, I believe I did well in efficiently managing the facility and equipment for the team's games and training sessions. I demonstrated strong organizational skills by ensuring the fields were properly set up, equipment was in good condition, and resources were allocated effectively. Moreover, I maintained open and clear communication with coaches and staff to address any issues or requirements promptly. However, I acknowledge that there were instances where I could have improved my time management, especially during busy periods with overlapping schedules. This led to minor delays in equipment setup and caused inconvenience to the team. Moving forward, I aim to enhance my ability to prioritize tasks and manage time more effectively to provide seamless facility operations.

4. Additional reflection:

During my internship, I encountered a few challenges, such as unforeseen equipment malfunctions and inclement weather conditions. These situations required quick problem-solving skills and adaptability to ensure minimal disruptions to the team's activities. Additionally, I realized the importance of continuous improvement in facility management processes. To enhance future operations, I plan to implement measures such as regular equipment maintenance, improved inventory management systems, and contingency plans for weather-related disruptions. I also believe that investing in professional development and staying updated on industry best practices will enable me to better support the team and contribute to the success of the youth football organization.

Learn more about youth football here:

brainly.com/question/30556084

#SPJ11

This estimating process technique establishes estimates for each activity and adds them all together to determine an estimate for the project Resource cost rates Bottom-up Parametric Analogous Question 2 (1 point) In most cases, this person is responsible for approving the project budget Budget officer Project sponsor Project manager Key stakeholders Question 3 (1 point) Indirect costs are costs specifically associated with the work of the project. True False Question 4 (1 point) The project plan is made up of all the documents produced in the Planning processes and the project plan should be signed off by the project sponsor and key stakeholders. True False Question 5 (1 point) It's difficult to ask for additional money after the budget is approved True False Question 6 (1 point) The best thing to do when a project sponsor wants to cut the project budget is to communicate (using facts and data) the impact to the project and negotiate changing scope, timelines, or quality to accommodate the budget cut True False

Answers

Question 1: Answer: Bottom-up. Question 2:Answer:Project sponsor. Question 3:Answer: False. Question 4:Answer: True. Question 5:Answer: True.Question 6: Answer: True.

Question 1: This estimating process technique establishes estimates for each activity and adds them all together to determine an estimate for the project.

Answer: Bottom-up

Question 2: In most cases, this person is responsible for approving the project budget.

Answer: Project sponsor

Question 3: Indirect costs are costs specifically associated with the work of the project.

Answer: False

Question 4: The project plan is made up of all the documents produced in the Planning processes, and the project plan should be signed off by the project sponsor and key stakeholders.

Answer: True

Question 5: It's difficult to ask for additional money after the budget is approved.

Answer: True

Question 6: The best thing to do when a project sponsor wants to cut the project budget is to communicate (using facts and data) the impact to the project and negotiate changing scope, timelines, or quality to accommodate the budget cut.

Answer: True

When a project sponsor wants to cut the project budget, it is essential to approach the situation with clear communication and a focus on factual information. The best approach is to present the impact of the budget cut using facts and data, highlighting how it will affect the project's scope, timelines, or quality. By providing evidence-backed insights, the project manager can demonstrate the potential risks and limitations that may arise due to budget constraints. Effective communication with the project sponsor involves presenting alternative solutions and negotiating potential adjustments to accommodate the budget cut. This may involve exploring options such as modifying the project's scope, adjusting timelines, or compromising on certain quality aspects. By engaging in open discussions and considering various trade-offs, the project manager can work collaboratively with the sponsor to find a solution that balances the budget constraints with the project's objectives. It is important to approach the situation with a focus on maintaining project success and delivering value within the new budgetary limitations. By being proactive, adaptable, and responsive to the sponsor's concerns while offering viable alternatives, the project manager can foster a collaborative environment that enables effective decision-making and budget management.

Overall, the best course of action when facing a project budget cut is to communicate the impact using facts and data, negotiate changes that align with the revised budget, and work towards finding a solution that minimizes disruptions to the project's success.

To learn more about Project sponsor click here:

brainly.com/question/33450193

#SPJ11

Consider a(n) Six-year, 15 percent annual coupon bond with a face value of \( \$ 1,000 \). The bond is trading at a rate of 12 percent. a. What is the price of the bond? b. If the rate of interest inc"

Answers

The price of the bond is approximately $1,142.51, and the new price of the bond after a 1 percent increase in interest rates is approximately $1,031.28.

To calculate the price of the bond and determine the impact of a 1 percent change in interest rates, we'll use the provided information.

a. To calculate the price of the bond, we need to determine the present value of the bond's cash flows, including the annual coupon payments and the face value.

The coupon payments are 15% of the face value, which is $1,000 x 0.15 = $150 per year.

Using the formula for the present value of an annuity, we can calculate the present value of the coupon payments:

PV of coupon payments = Coupon payment x [tex](1 - (1 + Interest rate)^{(-Number of periods)}[/tex] / Interest rate

PV of coupon payments = $150 x (1 - (1 + 0.12)⁻⁶ / 0.12

PV of coupon payments ≈ $699.82

To calculate the present value of the face value, we simply discount it back to the present using the interest rate:

PV of face value = Face value / (1 + Interest rate)ⁿ

n = No. of periods

PV of face value = $1,000 / (1 + 0.12)⁶

PV of face value ≈ $442.69

The price of the bond is the sum of the present value of the coupon payments and the present value of the face value:

Price of the bond = PV of coupon payments + PV of face value

Price of the bond ≈ $699.82 + $442.69

Price of the bond ≈ $1,142.51

Therefore, the price of the bond is approximately $1,142.51.

b. To calculate the new price of the bond after a 1 percent increase in interest rates, we can follow the same steps as in part (a) using the new interest rate of 0.12 + 0.01 = 0.13.

PV of coupon payments (new rate) = $150 x (1 - (1 + 0.13)⁻⁶) / 0.13 ≈ $672.20

PV of face value (new rate) = $1,000 / (1 + 0.13)⁶ ≈ $359.08

New price of the bond = PV of coupon payments (new rate) + PV of face value (new rate)

New price of the bond ≈ $672.20 + $359.08 ≈ $1,031.28

Therefore, the new price of the bond after a 1 percent increase in interest rates is approximately $1,031.28.

c. The percentage change in the bond's price as a result of the 1 percent increase in interest rates can be calculated using the following formula:

Percentage change = (New price - Old price) / Old price x 100

Percentage change = ($1,031.28 - $1,142.51) / $1,142.51 x 100

Percentage change ≈ -9.72%

Therefore, the percentage change in the bond's price as a result of the 1 percent increase in interest rates is approximately -9.72% (negative indicating a decrease).

d. Using the same approach, assuming a 1 percent decrease in interest rates (new rate = 0.12 - 0.01 = 0.11), we can calculate:

PV of coupon payments (new rate) = $150 x (1 - (1 + 0.11)⁻⁶) / 0.11 ≈ $727.27

PV of face value (new rate) = $1,000 / (1 + 0.11)⁶ ≈ $487.50

New price of the bond = PV of coupon payments (new rate) + PV of face value (new rate)

New price of the bond ≈ $727.27 + $487.50 ≈ $1,214.77

Percentage change = (New price - Old price) / Old price x 100

Percentage change = ($1,214.77 - $1,142.51) / $1,142.51 x 100 ≈ 6.32%

Therefore, the new price of the bond after a 1 percent decrease in interest rates is approximately $1,214.77, and the percentage change in the bond's price is approximately 6.32%.

To know more about interest rates follow the link:

https://brainly.com/question/28236069

#SPJ4

The complete question is:

Consider a(n) Six-year, 15 percent annual coupon bond with a face value of $1,000. The bond is trading at a rate of 12 percent.

a. What is the price of the bond?

b. If the rate of interest increases 1 percent, what will be the bond's new price?

c. Using your answers to parts (a) and (b), what is the percentage change in the bond's price as a result of the 1 percent increase in interest rates? (Negative value should be indicated by a minus sign.)

d. Repeat parts (b) and (c) assuming a 1 percent decrease in interest rates.

(For all requirements, do not round intermediate calculations. Round your answers to 2 decimal places. (e.g., 32.16))

With respect to the computation of earnings per share, which of the following would be most indicative of a simple capital structure? Question 10 options:

A: Common stock, preferred stock, and convertible securities outstanding in lots of even thousands

B: Earnings derived from one primary line of business

C: Ownership interest consisting solely of common stock

D: None of these

Answers

Option C, ownership interest consisting solely of common stock, is most indicative of a simple capital structure for computing earnings per share as it eliminates complexities from other securities.

 

Option C: Ownership interest consisting solely of common stock would be most indicative of a simple capital structure in the computation of earnings per share. This is because when only common stock is outstanding and there are no other types of securities such as preferred stock or convertible securities, the calculation of earnings per share becomes straightforward.



Earnings per share is determined by dividing the earnings available to common shareholders by the weighted average number of common shares outstanding. With a simple capital structure consisting solely of common stock, there are no complexities or dilution effects from other types of securities, making the calculation of earnings per share more indicative and easier to interpret for investors. Options A and B introduce additional complexities, and Option D states that none of the given options are indicative of a simple capital structure.



Therefore, Option C, ownership interest consisting solely of common stock, is most indicative of a simple capital structure for computing earnings per share as it eliminates complexities from other securities.

To learn more about earnings click here

brainly.com/question/32088490

#SPJ11





Cash-Basis and Accrual-Basis Accounting The records of Summers Building Company reveal the following information for the year. 1. Cash receipts (including $50,000 paid by stockholders in exchange for common stock) were $273,500. 2. Cash payments (including $8,000 of dividends declared and paid to stockholders) were $164,850. 3. Total selling price of services billed to customers was $201,700. 4. Salaries earned by employees were $114,250. 5. Cost of supplies used in operation of the business was $47,325. Calculate Summers Building's net income on an accrual basis. $______

Answers

The calculation of the Summers Building's net income on an accrual basis is given below:The net income on an accrual basis is the total revenue earned by the company, which includes accounts receivable, minus expenses incurred during the year. This method is more accurate because it takes into account income and expenses when they are earned, rather than when they are received or paid.

Calculation of net income:

Revenue earned: $201,700 (selling price of services billed to customers)Add accounts receivable:

$71,500 ($201,700 – $130,200)

Total revenue earned = $273,200

Expenses incurred: Salaries earned: $114,250

Cost of supplies used: $47,325

Total expenses incurred = $161,575

Net income = Total revenue earned - Total expenses incurred

Net income = $273,200 - $161,575

Net income = $111,625

Therefore, the net income of Summers Building Company on an accrual basis is $111,625.

To know more about expense  , visit;

https://brainly.com/question/14697297

#SPJ11

avalon industries buys equipment for $102,000, expects to use it for ten years, and then sell it for $7,200. using the straight-line method, the company should report annual depreciation for the equipment of: multiple choice $9,480. $10,200. $21,510. $18,960.

Answers

According to the information provided, Avalon Industries purchased equipment for $102,000 and plans to use it for ten years before selling it for $7,200. To calculate the annual depreciation using the straight-line method, we need to divide the difference between the initial cost and the salvage value by the useful life of the equipment.

The initial cost of the equipment is $102,000, and the salvage value is $7,200. The difference between the two is $102,000 - $7,200 = $94,800.
Since the equipment will be used for ten years, we divide the difference by the useful life: $94,800 / 10 = $9,480.
Therefore, the company should report an annual depreciation expense of $9,480 for the equipment using the straight-line method.
To summarize, using the straight-line method, Avalon Industries would report an annual depreciation for the equipment of $9,480. This calculation is based on the initial cost of $102,000, a salvage value of $7,200, and a useful life of ten years.

to know about annual depreciation visit:

https://brainly.com/question/33572525

#SPJ11

ning divity 4 Static Budget (BP*BQ) Units sold 12,000 Revenue $765,000 Variable 424,000 Cost Contribution 341,000 margin Fixed Cost 220,000 Sales Volume Variance $121,000 Flexible Budget (BP*AQ) 13,000 220,000 Flexible Budget Variance Actual Results (AP*AQ) 13,000 $845,000 445,000 400,000 280,000 $120,000 Learning Activity 4 Units sold Revenue Variable Cost Contribution margin Fixed Cost Operating Income Actual Results 13,000 $845,000 445,000 400,000 280,000 $120,000 Static Budget Variances Static Budget 12,000 $765,000 424.000 341,000 220,000 $121,000

Answers

Operating Income Variance  = -$100,000,To analyze the variances between the static budget, flexible budget, and actual results, we can calculate the variances for revenue, variable cost, contribution margin,

Static Budget Variances:

- Units Sold Variance = Actual Units Sold - Budgeted Units Sold

                     = 13,000 - 12,000

                     = 1,000 units

- Revenue Variance = Actual Revenue - Budgeted Revenue

                 = $845,000 - $765,000

                 = $80,000

- Variable Cost Variance = Actual Variable Cost - Budgeted Variable Cost

                       = $445,000 - $424,000

                       = $21,000

- Contribution Margin Variance = Actual Contribution Margin - Budgeted Contribution Margin

                             = $400,000 - $341,000

                             = $59,000

- Fixed Cost Variance = Actual Fixed Cost - Budgeted Fixed Cost

                    = $280,000 - $220,000

                    = $60,000

- Operating Income Variance = Actual Operating Income - Budgeted Operating Income

                          = $120,000 - $121,000

                          = -$1,000

Flexible Budget Variances:

- Revenue Variance = Actual Revenue - Flexible Budget Revenue

                 = $845,000 - $765,000

                 = $80,000

- Variable Cost Variance = Actual Variable Cost - Flexible Budget Variable Cost

                       = $445,000 - $424,000

                       = $21,000

- Contribution Margin Variance = Actual Contribution Margin - Flexible Budget Contribution Margin

                             = $400,000 - $341,000

                             = $59,000

- Operating Income Variance = Actual Operating Income - Flexible Budget Operating Income

                          = $120,000 - $220,000

                          = -$100,000

Note: The information provided is based on the given data and calculations. Please review the data carefully to ensure accuracy.

Learn more about revenue here: brainly.com/question/28558536

#SPJ11

Create a transaction table:
a. The bookstore sold $8,000 worth of books on account. The cost of this inventory was $450.
b. The bookstore received $750 in cash from customers who purchased books on account during the prior quarter.
c. A school ordered textbooks from the Ganzel Bookstore for $3,200 / paid cash. The store will deliver the books next quarter.
d. On September 30, the bookstore needed to buy a new register. Paid $600 in cash.
e. The bookstore received $800-worth of new books from its supplier and received an invoice that it plans to pay next quarter.
f. The owners paid $1,500 in cash for the lease of their store space: $400 was to pay for the lease for the quarter ended 6/30 (last quarter), $500 the quarter ended 9/30(this quarter), and another $600 for the quarter ended 12/31 (the following quarter).
g. The bookstore was having an outdoor sale event and it started raining; $200/worth of inventory got wet and had to be thrown away
h. Throughout the quarter, the bookstore pays $4,000 in cash in salary to the employees of the store.
i. At the end of the quarter, the accountant recorded interest expense for the loan it has on the books. The interest rate on the loan is 8% per annum. The company will pay cash the following quarter.
j. The accountant also recorded depreciation for the quarter. He noted that PPE was orignally purchased for $25,000 and has a 15-year useful life with no salvage value.
k. The accountat reports income tax expense. The company pays cash. Effective tax rate for the business is 25%
l. A mid-market private equity firm decides to buy out the business from the Ganzel family. They issue $7,000 of debt on the bookstore's balance sheet and use the proceeds to pay a dividend to the Ganzel family.

Answers

Transaction Table:The table created below provides a summary of the transactions and their impact on the different accounts.

| Transaction | Assets | Liabilities | Equity | Revenue | Expenses |

| ----------- | ------ | ----------- | ------ | ------- | -------- |

| a           | Account Receivable: $8,000 |          |          | Sales Revenue: $8,000 | Cost of Goods Sold: $450 |

| b           | Cash: $750 | Account Receivable: $750 |          |           |           |

| c           | Account Receivable: $3,200 |          |          |           |           |

| d           | Cash: -$600 |          |          |           |          |

| e           | Inventory: $800 | Account Payable: $800 |          |           |          |

| f           | Prepaid Lease: -$400 <br> Prepaid Lease: -$500 <br> Prepaid Lease: -$600 |          |          |           |          |

| g           | Inventory: -$200 |          |          |           |          |

| h           | Cash: -$4,000 |          |          |           | Salaries Expense: $4,000 |

| i           | Interest Expense: Calculated <br> Interest Payable: Calculated |          |          |           |          |

| j           | Depreciation Expense: Calculated |          |          |           |          |

| k           | Income Tax Expense: Calculated <br> Income Tax Payable: Calculated |          |          |           |          |

| l           | Cash: -$7,000 <br> Dividend: $7,000 |          |          |           |          |

 

Note:  It is important to note that some accounts are not explicitly mentioned in the transactions, so they are left blank. The specific values for certain accounts may need to be calculated based on additional information or assumptions. The expenses and revenues mentioned in the transactions are included in the respective columns for clarity, but the actual calculation and recording of these amounts may require further information or accounting adjustments.

To learn more about Transaction Table click here:

brainly.com/question/31477623

#SPJ11

Other Questions
A spherical snowball is melting in such a way that its radius is decreasing at a rate of 0.4 cm/min. At what rate is the volume of the snowball decreasing when the radius is 12 cm. (Note the answer is a positive number). mincm 3Hint: The volume of a sphere of radius r is V= 34r 3 A historian chooses a specific type of claim depending on his At the given point, find the slope of the curve, the line that is tangent to the curve, or the line that is normal to the curve, as requested. 3x 2ycosy=4, normal at (1,) A. y=2x+3 B. y= 21x 21+ c. y= 1x+ 1+ D. y= 1x 1+ Andrew will select 6 different integers from the set of positive integers from 1 to 49, inclusive. The order in which the 6 integers will be chosen does not matter. In how many different ways can the 6 integers be chosen? 49! 6! / 43! 49! / 43! 49! / 6! 6! + 43! A mixture of gases contains 1.25 g of nitrogen, 2.05 g of hydrogen, and 7.63 g of NH3. If the partial pressure of NH3 is 2.35 bar, what is the partial pressure of hydrogen? Payments on a six-year lease valued at $42,650 are to be made at the beginning of every year. If interest is 96% compounded annually, what is the size of the annual payments? The size of the annual payments is $ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed) Tristan is performing an experiment in his science class. Hes measuring how much weight is required to stretch a spring from rest. Using graph paper, he plots the stretch of the spring against the amount of the applied weight. He finds that the graph is a straight line passing through the origin. Study the graph and answer the questions that follow.A graph of a straight line from (0, 0) to (4, 12). Part AAccording to the graph, what is the constant of proportionality in kilograms per inch? (Note: This is also called the spring constant. The spring constant is determined by the springs material and design.) Consider an extended ACL used in UNIX system. There is a file owned by user Heidi and group family. The detailed permissions are given as follows.user: : r w xuser: Skyler: r w xgroup: : r - -group: child: r - xmask : : r w other : : - - -Then: The user Heidi has the access ( ).The user Skyler has the access ( ).The user sage in group family has the access ( ). which of the following arguments is a supporter? group of answer choices since russell brand grew up in poverty, the reasons that he gives in favor of the new anti-poverty campaign are especially compelling. since russell brand grew up in poverty, he is likely to be right in defending the new anti-poverty campaign. since russell brand grew up in poverty, it's likely that he did not receive the training to make good arguments. since russell brand grew up in poverty, we should pay especially close attention to any arguments he gives on the topic of poverty. none of the above the computation of butte's normal spoilage assumes 10 units in 1,000 contain defective materials, and, independently, 15 units in 1,000 contain defective workmanship. what is the probability that is used in computing butte's normal spoilage? The Things They Carried by Tim O'BrienDiscuss how these clips fit with the ideas of warfare/soldier-ship we see in this week's reading selections. Match the following description to the correct value. The least positive value of \( x \) for which \( \csc x=-1 \) Choose the correct answer below. A. \( \frac{3 \pi}{2} \) which of the following issues was often a problem for local farmers in a colonised region a: they were forced to grow crops that benefited the colonising nations instead of feeding their own people b: they were driven from their lands because colonising nations used those lands to develop industrial factoriesc: they had to raise pigs and cattles despite their religious objections to these types of meat.d: they became poor because they had to pay taxes to the colonising nations in the form of a large share of their crops. A fast-food restaurant serves whoppers, burgers, and sandwiches. The restaurant counts a burger as equivalent to 1.28 whoppers and sandwiches as 0.79 whoppers. Current employment is five full-time employees who each work a 40-hour week. If the restaurant sold 750 whoppers, 915 burgers, and 510 sandwiches in one week, what is its productivity? What would its productivity have been if it had sold the same number of sandwiches (2175), but the mix was 725 of each type? 9 the number of boys and girls in a class are in the ratio of 4:3 . if four boys leave the class and six girls join the class, then the number of boys and girls in the class will be in the ratio of 13:12 . find the number of boys and girls in the class respectively. responses What does batch normalization do? oa. Normalizes the internal weights of the neural network using batch statistics. b. Normalizes the neurons of the internal layers of a neural network using batch statistics. c. Normalizes the output of the model in batches. d. Normalizes the input data in batches. Clear my choice Which of the following techniques is least likely to improve UAR for a training data set with very skewed class distributions? a. Acquiring more labelled data for the low frequency classes to add to the training set. b. Sampling the high frequency classes more often than the low frequency classes during training. c. Weighting the loss of lower frequency classes higher than high frequency classes during training. Od. Sampling the low frequency classes more often than the high frequency classes during training. Clear my choice Suppose you are given a large dataset of labelled data and another smaller dataset of labelled data. Suppose the two datasets have different classes. How can we exploit the labels from the large dataset to improve the classification performance of the small dataset? a. Meta-learning b. Semi-supervised learning O C. Transfer learning Od. Unsupervised pre-training in preparing a volumetric solution from a primary standard solution, the sample is dissolved when the bulb of the flask is only 2/3 full and then after the sample is dissolved, the solution is filled to the mark. why is this two-step procedure used? would it be necessary if you were diluting a solution? why or why not? Consider the equation below. (If an answer does not exist, enter DNE.) f(x)=x48x2+7 (a) Find the interval on which f is increasing. (Enter your answer using interval notation.) Find the interval on which f is decreasing. (Enter your answer using interval notation.) (b) Find the local maximum and minimum values of f. local minimum value local maximum value (c) Find the inflection points. (Order your answers from smallest to largest x, then from smallest to largest y.) (x,y)=((x,y)=( Find the interval on which f is concave up. (Enter your answer using interval notation.) Find the interval on which f is concave down. (Enter your answer using interval notation.) MedlacareNo Phone No patient_id First_name Middle name Last name MediacareNo DOB Gender Street city state ZipCode Claim_id Date_of_sub reson_of_sub description or _lliness Patient_id reson_of_rejection Date_signed Signature state constructor id Contractor_id name Street city state ZipCode Claim id Witness_ld First_name Middle_name Last_name Street City State ZipCode Relation to _patient Signature signed date cant sign why_patient Claim_id Insurance_ld city Street state Zipcode Suppller_id First_name Middle_name Last_name Clalm_id Service_ld date_of_ Service Place of Description of _Service service Description of _illness Charge NPI Cialm_id Supplier_id SupplierName Supplier Address SupplierNPI What are the common reasons for crashing a project? Pleaseexplain at least two reasons with an example.