The division of responsibilities and a defined policy for handling and disbursement of funds are two crucial internal controls. Background checks on employees, staff training, as well as other internal controls,
The meaning of your disbursementThe school's payment for federal student aid payments to the student is referred to as a disbursement. Federal student aid is often provided to students over the course of two or more installments.
How long does it take to distribute money?To distribute a personal loan after approval, this could take 1-2 working days. Additionally, some lenders will mail the check to your residence. Most lenders now immediately transfer the loan amount into the lender's bank account.
To know more about disbursement visit:
https://brainly.com/question/24195927
#SPJ4
darlington company entered into the following business events during its first month of operations. the company uses the perpetual inventory system. 1) the company purchase $13,600 of merchandise on account under terms 2/10, n/30. 2) the company returned $3,100 of merchandise to the supplier before payment was made. 3) the liability was paid within the discount period. 4) all of the merchandise purchased was sold for $21,200 cash. what is the gross margin that results from these four transactions?
The concept is the Perpetual Inventory System, a system for tracking and recording inventory levels. Gross margin is $10,910.
The Perpetual Inventory System is an inventory tracking and recording system that automatically and instantly records every purchase and sale of inventory. In this system, the software records the inventory change in real time for each transaction.
Given:
commercial purchases = $13,600 Discount
= 2/10 = 0.02%
returns = $3,100
cash flow from inventory sales = $21,200
A) Purchase Discount = (Current Purchase Price − Current Return Price) × Discount Percentage
Shopping Discount = ($13,600 - $3,100) × 0.02 = $210
B) Cash To Purchase Inventory = $13,600 - $3,100 - $210
withdrawals = $10,290
Net cash flow from operations = $21,200 -B
= $21,200 - $10,290 = $10,910
Therefore:
the company will have a gross profit of $10,910
To know more about the Perpetual inventory system,
brainly.com/question/28274737
#SPJ4
what is the state intangible tax when a buyer assumes a mortgage of $60,000 and takes out a new mortgage of $20,000?
To replace one borrower in a mortgage with another borrower is referred to as: mortgage assignment
What is the process of taking on someone else's mortgage called?
With an assumable mortgage, the buyer can buy a house by taking over the seller's mortgage debt. If interest rates have increased since the seller first bought the house, one reason buyers opt to purchase a home with an assumable mortgage is to benefit from financing with a cheaper interest rate.
What are the five criteria that make a contract enforceable?
Mutual consent, demonstrated by a valid offer and acceptance, sufficient consideration, capability, and legality are the fundamental components needed for the agreement to be a legally enforceable contract.
To know more about contract. visit;
https://brainly.com/question/2669219
#SPJ1
the process of creating a profile of your ideal customer for the purposes of developing a marketing strategy is known as what?
The process of creating a profile of your ideal customer for the purposes of developing a marketing strategy is known as buyer persona.
What are buyer personas and why are they significant?A buyer persona is a fictionalised portrayal of your ideal client. It is based on market analysis, actual customer data, and a few (informed) assumptions. It assists you in comprehending and connecting with the audience you wish to promote your goods and services to.
What is a buyer persona's principal goal?By arranging your data in a way that humanizes your clients, you may make it simpler for your team to comprehend their decision-making process, identify their pain points, and provide pertinent answers.
To know more about buyer persona visit-
https://brainly.com/question/4048539
#SPJ4
the less freedom young mothers have to work outside the home, the group of answer choices more elastic the supply of labor will be. less elastic the supply of labor will be. more horizontal the labor supply curve will be. larger is the decrease in employment that will result from a tax on labor.
The less freedom young mothers have to work outside the home, the option d) less elastic the supply of labor will be.
Elasticity is a measurement of how responsively a quantity is supplied or demanded to one of its determinants. When a factor, such as price or supply, changes, the demand for a good responds quickly. On the other hand, inelastic goods continue to be in demand even when prices increase significantly.
Elasticity is a crucial economic metric because it shows how much of a good or service consumers consume when the price changes, which is especially important for businesses selling goods or services. A change in price quickly affects the quantity demanded when a product is elastic.
To learn more about elasticity: https://brainly.com/question/30608494
#SPJ4
a limited company forfeited 600 shares of 100 each (originally issued at 25%premium payable along with the application money)
1. Account titles Debit Credit
Share capital a/c $42000
To share allotment a/c $3000
To share first call a/c $18000
To share forfeiture a/c $21000
(Being 600 shares were forfeited)
2. Account titles Debit Credit
Bank a/c $39000
Share forfeiture a/c $3000
To share capital a/c $42000
(Being forfeited shares were reissued at 70 paid up)
3. Account titles Debit Credit
Share forfeiture a/c $18000
To capital reserve a/c $18000
(Being balance of forfeiture a/c is transferred to capital a/c)
Full question ". A limited company forfeited 600 shares of 100 each (originally issued at 25% premium which was payable along with application money) on which allotment money of 20 and first call money of 30 were not received; the final call money of 30 is not yet called. These shares were originally allotted on pro-rata basis in the ratio of 4 : 3. These shares were subsequently reissued at a discount of 5 per share, credited as 70 paid up. Pass necessary Journal entries for forfeiture and reissue of shares.
Read more about Journal entries
brainly.com/question/28390337
#SPJ1
the perceived demand for a monopolistic competitor:_____.
The perceived demand for a monopolistic competitor downward-sloping.
Although it may seem simple at first glance, the shape of the demand curve has several significant ramifications for businesses operating in highly competitive markets. In monopolistic competition, demand is very elastic and responsive to price fluctuations. For products like laundry detergent, consumers will switch brands based purely on price increases.
A monopoly's and a monopolistic competitor's demand curves resemble one another in that they both slope downward. But because a monopolist faces the market demand curve while a monopolistic competitor does not, the economic significance of these perceived demand curves differs.
To learn more about monopolistic, click here.
https://brainly.com/question/29763908
#SPJ4
In order to fully leverage the talents of the best and brightest employees, a firm should be concerned with
Multiple Choice
·
rewards, training, and customer support.
·
hiring, retention, and training.
·
hiring, firing, and redistribution.
·
rewards, training, and customer support.
In order to fully leverage the talents of the best and brightest employees, a firm should be concerned with hiring, retention, and training.
In order to fully leverage the talents of the best and brightest employees, a firm must focus on attracting and hiring top talent, retaining them through effective employee engagement and development programs, and providing them with opportunities for continuous learning and skill development through training and career advancement programs. While rewards and customer support are important factors, they alone are not sufficient to attract and retain top talent. Firms must also create a supportive and inclusive workplace culture that encourages innovation, collaboration, and personal growth, and provide employees with opportunities to apply their skills and talents to meaningful and challenging projects. By focusing on these key sales areas, firms can create a motivated and high-performing workforce that can drive innovation, growth, and competitive advantage.
learn more about sales here
https://brainly.com/question/30380051
#SPJ4
gould corporation uses the following activity rates from its activity-based costing to assign overhead costs to products: activity cost pool activity rate setting up batches $ 59.06 per batch processing customer orders $ 72.66 per customer order assembling products $ 3.75 per assembly hour data concerning two products appear below: product k91b product f65o number of batches 84 50 number of customer orders 32 43 number of assembly hours 483 890 how much overhead cost would be assigned to product k91b using the activity-based costing system?
To calculate the overhead cost assigned to product K91B using the activity-based costing system.
We need to multiply the activity rate for each cost pool by the corresponding activity level for the product, and then sum up the costs across all the cost pools.
The overhead cost assigned to product K91B can be calculated as follows:
Cost of setting up batches = 84 batches x $59.06 per batch = $4,966.64
Cost of processing customer orders = 32 customer orders x $72.66 per order = $2,332.32
Cost of assembling products = 483 assembly hours x $3.75 per hour = $1,811.25
Total overhead cost assigned to product K91B = $4,966.64 + $2,332.32 + $1,811.25 = $9,110.21
Therefore, the overhead cost assigned to product K91B using the activity-based costing system is $9,110.21.
learn more about overhead costs at :
brainly.com/question/29038615
#SPJ4
horseshoe inc. has sales of $13100000, total assets of $11500000, and total debt of $4300000. if the net income is 700000, what is the return on assets? convert to a percent and round to two places past the decimal point.
Horseshoe Inc. has a return on assets of 6.09% as a result. This means that the corporation makes 6.09 cents in profit for every dollar it invests in assets.
What is Return on assets?In general, a ROA of over 5% is regarded as good, and one of over 20% as exceptional. However, companies in the same industry should always be compared when comparing ROAs.
The return on assets (ROA) is a metric used to determine how much profit a business makes on each dollar invested in assets. It is calculable as follows: ROA is calculated as Net Income / Total Assets.
By entering the specified values, we obtain:
ROA = $700,000 / $11,500,000
ROA = 0.0609
We may multiply this by 100 and round the result to two decimal places to get the percentage:
ROA = 6.09%
Horseshoe Inc. has a return on assets of 6.09% as a result. This means that the corporation makes 6.09 cents in profit for every dollar it invests in assets.
To know more about return on assets Visit:
brainly.com/question/28478512
#SPJ4
abc furniture company manufactures furniture at it's ohio factory. some of its costs from the past year include: deprecation on sales office $9,700 depreciation on factory equipment $16,500 factory supervisor salary $50,500 sales commissions $23,300 lubricants used in factory equipment $3,600 insurance costs for factory $21,200 fabric used to upholster furniture $10,000 freight-in (on raw materials) $3,200 costs of delivery to customers $9,000 wages paid to assembly line workers making the furniture $115,400 lumber used to build products $82,600 utilities in factory $54,600 utilities in sales office $26,600 what are total manufacturing overhead costs for this company?
$9,700+$16,500+$23,300+$54,600 = utilities in sales office $26,600.The Answer is $ 473,200.abc furniture company manufactures furniture at it's ohio factory. some of its costs.
A company limited by shares is the most common type of corporate entity used for business endeavours. A limited company is described as "a company in which the liability of each shareholder is restricted to the amount individually invested" and corporations are "the most common sort. The ownership of a company with a share limit can be either private or public.a business whose share capital is restricted by a guarantee: When a business is founded for philanthropic purposes, but its activities are primarily backed by investors who expect financial gain, the organisation is often referred to as a hybrid one. It is no longer possible to incorporate this kind of technology in the UK.
Learn more about company :
https://brainly.com/question/30532251
#SPJ4
the internet is . group of answer choices an internal communication system for businesses a communication system for the u.s. navy the same as the web a large network of networks
The Internet is a large network of networks. It is a global system of interconnected computer networks that use the standard Internet Protocol (IP) to link devices worldwide.
The internet allows people to communicate and share information across the world, and it has transformed the way we live, work, and interact with one another. It is not an internal communication system for businesses or a communication system for the U.S. Navy, although it is used by these groups for various purposes. The internet is not the same as the web, but rather the web is one of the many services that operate on top of the internet, allowing users to access and share information through a browser.
The Internet Protocol (IP) is a communication protocol that is used to send and receive data over the internet. It is a foundational protocol of the internet, and it enables devices to market communicate with one another by providing a unique identification system for each device.
the complete question is:
The Internet is ________.
A) an internal communication system for businesses
B) a communication system for the U.S. navy
C) the same as the web
D) a large network of networks
learn more about market here
https://brainly.com/question/30380295
#SPJ4
a local comedian earn $80 at a performance where 25 people attend. the performer uses 32% of the money earned to pay the costs involved in putting on the perfformance. the rest of the money earned is the performer's profit. what is the profit the performer makes at a performance where 25 people attend
To determine the profit that the comedian makes at a performance where 25 people attend, we need to start by calculating the amount of money earned from the performance. We know that the comedian earned $80 from the performance.
Next, we need to calculate the cost of putting on the performance. We know that the performer used 32% of the money earned to pay the costs involved in putting on the performance. So we can find the cost by multiplying the amount earned by 0.32:
Cost = $80 x 0.32 = $25.60
Therefore, the cost of putting on the performance is $25.60.
Now that we know the cost, we can calculate the profit that the comedian makes. We know that the profit is equal to the amount earned minus the cost:
Profit = $80 - $25.60 = $54.40
Therefore, the profit that the performer makes at a performance where 25 people attend is $54.40.
It's important to note that in real-world scenarios, there may be other costs associated with putting on a performance that are not accounted for in this calculation. These costs could include things like transportation, lodging, and equipment rental. Additionally, the amount earned from a performance can vary depending on factors such as the location, audience size, and ticket prices.
To know more about transportation: https://brainly.com/question/29851765
#SPJ4
an interest rate is 12% per annum with semiannual compounding. what is the equivalent rate with quarterly compounding? group of answer choices
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%
To learn more about equivalent rate please click on below link.
https://brainly.com/question/28420721
#SPJ4
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%
which of the following totals and subtotals are not found on a multiple-step income statement? multiple choice cost of goods sold total current assets net sales total operating expenses net income
Revenue, costs, and net income are all included in the income statement (loss). Users can calculate additional data including gross profit, income from continuous activities, total operating expenses, and net sales using an income statement with numerous phases. Instead of the income statement, the balance sheet contains information on current assets.
What is balance sheet ?
An organization's assets, liabilities, and shareholder equity are listed on a balance sheet, a financial statement. One of the three fundamental financial statements used to assess a company is the balance sheet. The assets and liabilities of a corporation as of the publication date are shown in a snapshot.
To know more about information visit;
https://brainly.com/question/27798920
#SPJ1
cream cups bakes cakes in several varieties dedicated to special occasions. it also allows its customers to personalize the cakes according to their personal preferences. this is an example of:
Cream cups bakes cakes in several varieties dedicated to special occasions. It also allows its customers to personalize the cakes according to their personal preferences. This is an example of mass customization.
The technique of imparting as well as distributing information to huge population segments via mass media was known as mass communication. It is considered to refer to different forms of media since its technologies were employed for the spread of information, of that which journalism as well as advertising are examples.
Cake is a flour-based dessert that is usually baked and made with flour, sugar, and other ingredients. In the early days, cakes were an adaptation of bread, but today they designate a variety of dishes that can be simple or elaborate and have features in common with sweets such as pies, cakes, custards. sugar, custard.
Flour, sugar, eggs, oils, liquids, and leavening agents, such as baking soda or baking powder, are the most common ingredients. With countless alternatives to the base ingredients, popular additional ingredients include dried, candied or fresh fruit, almonds, chocolate, and extracts such as vanilla.
Hence the correct option is D
To know more about Cakes here-
https://brainly.com/question/29356641
#SPJ4
The above question is incomplete, the complete question is-
Cream Cups bakes cakes in several varieties dedicated to special occasions. It also allows its customers to personalize the cakes according to their personal preferences. This is an example of:
a. learning effects.
b. just-in-time inventory.
c. customer defection.
d. mass customization.
when a tax is imposed on a good, the group of answer choices supply curve for the good always shifts. demand curve for the good always shifts. amount of the good that buyers are willing to buy at each price always remains unchanged. equilibrium quantity of the good always decreases.
When a tax is imposed on a good, the supply curve for the good always shifts, but the other statements are not always true.
The imposition of a tax on a good will increase the cost of production for the sellers, leading to a decrease in the quantity of the good that they are willing to supply at each price level. This results in a leftward shift of the supply curve, reducing the quantity supplied and increasing the equilibrium price.
The demand curve for the good may or may not shift depending on how consumers respond to the change in price. If the good is an essential item or has no close substitutes, the demand curve may be relatively inelastic and may not shift much. However, if the good has many substitutes or is a luxury item, the demand curve may be more elastic and may shift significantly.
The amount of the good that buyers are willing to buy at each price may change due to changes in the demand and supply curves, as described above.
The equilibrium quantity of the good may increase, decrease, or remain unchanged depending on the magnitude of the shifts in the demand and supply curves. If the demand curve shifts more than the supply curve, the equilibrium quantity may increase. Conversely, if the supply curve shifts more than the demand curve, the equilibrium quantity may decrease. If the shifts in the demand and supply curves are approximately equal, the equilibrium quantity may remain unchanged.
Learn more about Tax and Supply Shift here
https://brainly.com/question/13682144
#SPJ4
How much total interest will Molly pay using this plan?
Since no interest rate is mentioned, Molly will pay 0% interest. Loans are sums of money given by lenders to borrowers in exchange for interest payments and principal repayments at maturity.
What is the loan's duration?
Since the loan's term is relatively lengthy, you will have plenty of time to repay it. For individuals who are concerned about completing their payments on time, this is good news. You must still make your payments on time, it's crucial to keep this in mind. If not, you risk incurring late fees or having your interest rate rise.
The total amount borrowed, the interest rate and the length of the payback period are just a few of the variables that affect the monthly payment under this plan. Generally speaking, the monthly payment will increase as the total amount borrowed increases.
Learn more about loans here:
brainly.com/question/7299838
#SPJ1
Correct question:
Molly has a $2500 down payment saved for this purchase. The dealer will take the $500 Cash Allowance straight off her total. How much loan does Molly need?
How much total interest will Molly pay using this plan?
which of the following statements about enterprise resource planning (erp) is false? group of answer choices erp's origins can be traced back to finance and manufacturing. in recent years, erp vendors have begun to provide high-quality application-specific logistic capabilities. erp glitches often have a logistical component to them. erp implementation costs can easily reach tens of millions of dollars.
The false statement about enterprise resource planning (erp) is: "ERP glitches often have a logistical component to them."
A form of software known as enterprise resource planning (ERP) is used by enterprises to manage routine business operations including accounting, purchasing, project management, risk management and compliance, and supply chain management. While there may be a financial, manufacturing, or other element to ERP errors, there may not always be a distinct logistical one. ERP's main goal is to combine several business operations into a single system, therefore problems might arise in any area involved in that integration—not only logistics. Changing the behaviour of users and functional groups so they can cooperate with the new solution is one of the largest implementation issues for ERP. Strong project management and support from high leadership are necessary to drive this transition. ERP software is used by businesses to manage important aspects of their operations.
For such more questions on enterprise resource planning:
brainly.com/question/30087032
#SPJ4
what are the economic benefits of the expansion of the oil industry in louisiana?
While Louisiana's oil and gas sector supports more than 260,000 employments, it also helps to develop local economies and communities for both employees and their families.
What is meant by employment?In most cases, the term "employment" refers to the condition of having a paid job—of being employed. A person is paid to work when they are employed. Employees are employed by an employer. As in We're working to increase our employment of women., the term "employment" can also refer to the act of employing people.
What does "employee" mean to the IRS?According to common-law principles, if you can direct what will be done and how it will be done, anyone who provides services for you is your employee. Even when you allow the employee freedom of action, this is still the case. What important is that you have the power to decide exactly how the services will be provided.
To know more about employments visit-
https://brainly.com/question/1361941
#SPJ4
what is calleda cost remains unchanged when the volume of activity changes within the relevant range.
Within the appropriate range, the total fixed costs stay constant. However, as output rises, the fixed cost per unit falls since the same fixed costs are shared over more units. The following two graphs show how fixed costs and output volume are related.
What is total fixed costs?Total fixed cost (TFC) is the cost that does not fluctuate while the output level changes. The cost that varies as the output level changes is known as the total variable cost (TVC). The total cost (TC) is the sum of the total fixed and variable costs. Add up your variable costs and divide by the quantity of units you generated to get your total cost of production. You will then be given your overall fixed cost. Salaries, energy costs, insurance, rent and lease charges, and loan repayments are a few examples of fixed costs.
To learn more about Total fixed cost click,
https://brainly.com/question/14332852
#SPJ1
which factor(s) of work design was not listed as being highly motivating for project team member performance?
Organizations and project managers should take into account a wide range of variables that may affect team member engagement, productivity, and success. They should also try to build a good and encouraging work environment.
Autonomy and empowerment, opportunities for skill development and improvement, and a sense of belonging are some aspects that are frequently listed as being extremely motivating for project team member performance. goal-setting that is specific and meaningful, positive team dynamics and collaboration, feedback and acknowledgment Together with pay and benefits, job stability, and work-life balance, there may be other elements that are less motivating for some team members. The relative weight of these criteria can, however, change based on a person's tastes and situation, so it's crucial to keep that in mind.
learn more about Team member here:
brainly.com/question/28115887
#SPJ4
costs capture the value of the alternative use of the resources employed. multiple choice threat; best opportunity; average opportunity; best opportunity; worst threat; worst
Opportunity costs capture the value of the best alternative use of the resources employed.
Employment is a two-person partnership that oversees the supply of paid employment services. One of the parties, the employer, which can be a firm, a nonprofit organization, a cooperative, or any other organization, pays the other party, the employee, according to the terms of the contract in exchange for executing the task allocated to them.
Employees conduct labor for money, which may take the shape of hourly wages, piece rates, or yearly earnings, depending on the nature of the job performed, industry circumstances, and the parties' negotiating strength.
Hence the correct option is C
To know more about Employed here-
https://brainly.com/question/5148534
#SPJ4
The above question is incomplete the complete question is-
________costs capture the value of the _______ alternative use of the resources employed.
a-Threat; worst
b-Opportunity; average
c-Opportunity; best
d-Opportunity; worst
miles is interested in a career in hrm. he expected his first job to focus on giving employees access to information on training, benefits, and other programs. however, he has since learned that hr employees spend less time doing that kind of work. which trend is behind that change?
Human resource management deals with management functions like planning,organizing,directing and controlling,it deals with the recruitment of human.
In order to improve the performance of individuals and groups,or ensure the reconciliation of individual goals with those of the organization, training and development activities are undertaken.In some of the organizations this activity is carried out continuously.Leadership is about motivating employees and influencing their behavior to achieve organizational goals.Leading focuses on managing people,such as individual employees,teams,and groups rather than tasks.Coordinating people and human resources to achieve organizational goals is the leadership process.Planning is the main function of administration. A second key function of managers is organizing,which is the process of coordinating and allocating a company's resources to carry out its plans. Organization includes developing a structure for people,positions, departments,and activities within the company.
To learn more about Human resource please click on below link.
https://brainly.com/question/29022219.
#SPJ4
True or False: investing activities involve the acquiring and disposing of liabilities that a company needs in order to finance its operating activities.
Financing activities are defined as the procurement and disposition of resources with the aim of marketing goods and services.
What different sorts of investment are there?
As part of investment activity, liabilities that a company needs to finance its operating costs are bought and sold.The phrase "investing activities" in accounting describes the purchase and sale of long-term assets as well as other company investments over a certain reporting period.
Which of the following actions falls under the definition of investing*?
Equipment purchase is the appropriate answer (a). The buying, selling, and long-term investing of fixed assets are all examples of investment activity. Equipment investment is a financial activity as a result.
To know more about result visit;
https://brainly.com/question/19492935
#SPJ4
if you were considering buying land and developing a farm in cimarron county today, what precautions would you want to take to protect yourself against the possibility of drought?
Conservation and reduced tillage involve mulching the soil with organic materials or crop waste to prevent evaporation and improve moisture retention.
Briefing:-With smaller, more concentrated, higher-value, water-efficient operations like tunnel and hydroponic production, there is dense planting.
What steps may be taken to lessen the effects of the drought?Conserving water is one of the simplest actions we can take to lessen the effects of the drought. When a drought strikes, we will have more water accessible to people and to plants and animals if we always use water properly.
What was one effect of the 1930s severe drought in the Great Plains?Due to farming techniques at the time, when a severe drought hit the Great Plains region in the 1930s, there was erosion and topsoil loss. The topsoil became friable and, in some areas, reduced to a powdery consistency as a result of the drought's drying effects.
To Know more about water properly.
https://brainly.com/question/4519816
#SPJ1
Whenever a customer's check
bounces, what account is credited?
A. Cash Equivalents
B. Accounts Receivable
C. Checks
D. Cash
derek can deposit $241.00 per month for the next 10 years into an account at bank a. the first deposit will be made next month. bank a pays 15.00% and compounds interest monthly. derek can deposit $2,568.00 per year for the next 10 years into an account at bank b. the first deposit will be made next year. bank b compounds interest annually. what rate must bank b pay for derek to have the same amount in both accounts after 10 years?
The Total Future Value of Bank A = $62435.61
The Annual Interest Rates of Bank B = 19.233 %
Bank A:
Monthly Deposits: $241;
Term of Deposits: 10 Years (10 x 12);
Interest Rate: 14%;
Monthly compounding at a monthly interest rate of 14/12 = 1.167%
Total Future Value of the monthly deposits = 241 x [tex](1.01167)^{119}[/tex] + 241 [tex](1.01167)^{118}[/tex] + ............... +241
Total Future Value = 241 x [{[tex](1.01167)^{120}[/tex]-1}/ {(1.01167) -1}]
Total Future Value = $62435.61
Bank B:
Target Future Value = $ 62435.61,
Annual Deposits = $ 2498,
Deposit Tenure = 10 Years,
Compounding frequency = Annual , and
Annual Interest Rates = y%
Thus, {2498 x [tex](1 + y)^{9}[/tex] }+ {2498 x [tex](1 + y)^{8}[/tex] }+ ........ + 2498 = 62435.61
2498 x [{[tex](1+y)^{10}[/tex]-1} /{(1+y)-1}] = 62435.61
[{[tex](1+y)^{10}[/tex]-1} /{(1+y)-1}] = 62435.61 / 2498
[{[tex](1+y)^{10}[/tex]-1} /{(1+y)-1}] = 24.9942
y = 0.19233 or 19.233 %
∴ Annual Interest Rates = 19.233 %
The return on an investment or the amount of interest due on a loan when compounding is taken into account is the effective Annual Interest Rate.
To learn more about Annual Interest Rate, please refer:
https://brainly.com/question/17403689
#SPJ4
what is the present value of the payments if they are in the form of an ordinary annuity? (do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
62196.97 is the present value of the payments if they are in the form of an ordinary annuity.
given data:
amount received = $13,700
interest rate, r = 8.6 percent
time period, t = 6 years
PVA = C ( { 1 -[1/(1+r)]^t}/r)
PVA = 13700 ( { 1 -[1/(1+8.6%)]^6}/8.6%)
= 62196.97
Payments are transactions that involve the exchange of money or other forms of value between parties. They are an integral part of daily life and are used to fulfill financial obligations such as bills, taxes, salaries, and purchases. Payments can be made using various methods such as cash, checks, credit or debit cards, bank transfers, or mobile payment apps. The frequency of payments can range from one-time payments to recurring payments such as rent, loan repayments, or annuities. The amount of payments can vary based on the purpose and the agreement between the parties involved. Payment systems have evolved over time, with the emergence of electronic payment systems that provide faster, more convenient, and secure methods of payment.
the complete question is:
Suppose you are going to receive $13,700 per year for six years. The appropriate interest rate is 8.6 percent.
What is the present value of the payments if they are in the form of an ordinary annuity? (Do not round intermediate calculations and round your final answer to 2 decimal places. (e.g., 32.16)).
learn more about payments here
https://brainly.com/question/30379927
#SPJ4
The power of the National Government to coin money is: an expressed power.
The right to delegate power is expressly granted to the federal government under Article I, Section 8 of the Constitution. This includes the power to issue money, regulate trade, declare war, put together and maintain an armed force, and establish a post office.
What does "constitution" actually mean?
A country's ideals and laws are developed within the constraints of its constitution. The constitution outlines each individual's duties and rights. The relationship between people and governments is established by the constitution. Prem Behari Narain Raizada was the calligrapher who penned the Indian Constitution. He had used a flowing italic to write the first constitution. The first edition was adorned and decorated by Shantiniketan artists, especially Nand Lal Bose and Beohar Rammanohar Sinha.
Know more about money Visit:
https://brainly.com/question/22984856
#SPJ4
suppose leather riding boots cost only 25% of what they cost in the u.s. however, the obama administration, in an attempt to protect domestic producers of leather products, imposes a 400% import tariff on leather riding boots from canada. what is the result?
If the Obama administration imposes a 400% import tariff on leather riding boots from Canada, the result is that the price of the Canadian leather riding boots will increase significantly for American consumers.
What is the result of importing Tariff?Suppose a pair of leather riding boots costs $100 in the U.S., but only $25 in Canada without the tariff. After the tariff, the price of the Canadian boots would increase to $125, which is still cheaper than the U.S. price. However, the increased price of the Canadian boots may make them less competitive with U.S. boots, which could lead to a decline in demand for the Canadian boots.
In addition, the tariff could lead to retaliation by Canada, such as imposing tariffs on U.S. goods, which could harm U.S. exporters. This could result in a trade war between the two countries, with negative economic consequences for both sides.
Overall, while the tariff may provide some protection for domestic producers of leather products, it also has the potential to harm consumers, producers, and the overall economy through the effects of trade retaliation.
To know more about Tariffs, check out:
https://brainly.com/question/8629679
#SPJ1
