The requirements for disclosing the alteration, falsification, or manipulation of accounting records or other supporting material used to prepare financial statement should be carefully considered during the preparation of the financial statements.
Financial statements are written records that outline a company's operations as well as its financial success. Government organisations, accounting firms, and other entities frequently audit financial statements to assure their accuracy and for reasons related to taxes, financing, or investment. The balance sheet, income statement, cash flow statement, and statement of changes in equity are the four basic financial statements used by for-profit organisations. Nonprofit organisations employ a comparable but distinct set of financial statements. The cash flow statement (CFS) gauges a company's ability to generate enough cash to cover its debt payments as well as operating costs and investments. The statement of changes in equity documents how profits are transferred to third parties or reinvested in the business for future growth.
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Project work has begun, and you are about to record progress. what must you do first in order to track variances?
you do first in order to track variances: set a baseline and status date.
What does setting a baseline mean?
By definition, a baseline in project management is a plainly outlined starting point for your project plan.
In other words, a baseline is an initial plan you define together with stakeholders, bringing to light the project expectations and deliverables.
A baseline in project management is a clearly defined starting point for your project plan.
In other words, a baseline is an initial plan you create with stakeholders to define project expectations and deliverables.
When it is approved, it becomes a point of reference against which the project's progress can be measured over time. Here's an example of a basic project plan in Forecast.
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Your goal for income tax management should be to minimize the amount of income taxes you pay each year. True or false
The reduction of the amount of income taxes you pay annually should be your main objective in terms of tax management. False
The word "income tax" refers to a category of tax that governments levy on revenue produced by people and enterprises within their territorial authority. To assess their tax liabilities, taxpayers are required by law to file an income tax return each year.
Governments get their money through income taxes. They are used to pay for debts owed to the government, supply goods for citizens, and finance public services. In addition to the federal government, several states and local governments also demand payment of income tax. The payment of income tax is required by the federal government, numerous states, and municipal governments. One sort of income tax is the personal income tax, which is assessed on a person's wages, salaries, and other sources of income.
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A __________ decision is one in which companies have to decide whether they should manufacture a product or outsource production to another firm.
A make-versus-buy decision is one in which companies have to decide whether they should manufacture a product or outsource production to another firm.
Manufacture is the manner of turning raw materials or components into completed items via the usage of equipment, human exertions, equipment, and chemical processing. manufacturing is integral to the economy. maximum merchandise had been homemade the usage of human exertions and basic tools before the commercial Revolution.
Manufacturing of products in big portions after processing from uncooked substances to more treasured merchandise is referred to as manufacturing. instance: Paper is a product of wood, sugar from sugarcane, iron, metal from iron ore, and aluminum from bauxite. number one goods are manufactured and become completed goods.
Production industries do not best help in modernizing agriculture, in addition, they reduce the heavy dependence of people on agricultural earnings with the aid of offering them jobs in secondary and tertiary sectors. industrial development is a precondition for the eradication of unemployment and poverty from ours.
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Can anyone help me develop a good business name for a graphic design company?
So far I have Jeon Graphic Design Co. And that's too basic. The family's last name is Jeon, which is why it is there. Please help.
Answer:
That is a pretty business name right there, sometimes LESS is MORE.Graphic design business names you may like:Jeon graphic design.co
Jeonify graphics.co
Jeon side graphic studio.co
Jeon Joen graphics.co (it's too good you have to pronounce it twice)
Jeon and me graphic studio.co
Jeon studio graphics.co
Jeon graphic studios.co
Jeon graphic lens.co
The real jeon graphic design.co
and so on....ORYou can use a name generator 0nline to great a name you might like and maybe touch it up with your own words (just a suggestion).Don't forget to relax and be creative and have fun finding the perfect name for that lovely family business.Hope this helps atleast
Good luck ✅
In which one of the following environments do managers in an organization have the greatest influence on organizational outcomes?
stable and simple environments managers in an organization have the greatest influence on organizational outcomes.
What is managers?
Remembering that your team is made up of people who work to achieve both their individual goals and the team's goals is part of what makes a good manager. Meeting with each team member to identify strengths and discuss how to address deficiencies is a top priority for good managers.
Therefore,
stable and simple environments managers in an organization have the greatest influence on organizational outcomes.
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If the product was incompletely dried, what effect would this have on the percent yield?
If the sample crude product is incompletely dried it will contain impurities such as water, the water of crystallization hydrates, and unreacted reagents. If the crude product is incompletely dried the bulk of the experimental yield will be higher.
It contains more undesirable compounds than impurities and is a must-have. Therefore, if the experimental yield value is higher than the actual mass, the yield rate will be higher. From this, we can conclude that incomplete drying of the product increases the percent yield value.
Usually, the yield rate is understandably less than a hundred percent for the reasons mentioned above. However, if the measured reaction product contains impurities, it can have a higher mass than if the product were pure.
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When recording an adjustment for the use of equipment during the current accounting period, which two accounts are affected?
Accounts which are affected while recording an adjustments for the use of equipment during the current accounting period are Depreciation expense and accumulated depreciation.
Depreciation expense is the amount lost from a company's assets over a specific time period (such as a quarter or a year), whereas accumulated depreciation is the total loss up to that point.
What is Depreciation expense and accumulated depreciation?
Depreciation is a type of accounting item that shows how much an asset costs less over the course of its useful life.The cost of an asset that has been depreciated for a particular period, or period, is known as depreciation expense, and it indicates how much of the asset's worth was used up in that year.The total amount of depreciation expense that has been assigned for an asset since it was first used is known as accumulated depreciation.Depreciation expense is recorded as a non-cash expense on the income statement, which lowers the company's net profits.The balance sheet's counter asset account records accumulated depreciation, which lowers the reported gross value of fixed assets.To learn more about Depreciation expense and accumulated depreciation visit:https://brainly.com/question/17317273
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Personal property which is attached to a building and which will convey with the land is known as?
Personal property that is attached to and conveyed with the building is known as a fixture.
Personal property refers to all kinds of assets one owns that are not attached to the building or land, and in other words, are not fixed in a permanent location. For example, vehicles, households, furniture, and any other movable items. But when personal property is physically attached to a building or land and is conveyed with the building, it becomes real property known as a fixture.
Since fixtures are permanently attached to a building, thus are considered part of the building when selling it. Such as lights, ceiling fans, cabinets, decoration equipment, and appliances are considered fixtures. All such items of personal property are attached to the building and conveyed to the buyer along with the land, eventually becoming the property of the buyer and known as fixtures.
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Which marketing orientation states that consumers will favor products that offer the most in quality, performance, and innovative features?
The product concept states that consumers will favor products that offer the most quality, performance, and innovative features.
A consumer is a person who buys matters for a non-business purpose, both for themselves or for others. Businesses use patron advertising and marketing campaigns to promote to purchasers. Campaign messaging focuses on obtaining capable customers and retaining modern customers.
Consumers represent the top trophic degrees. not like producers, they cannot make their own food. To get power, they devour flora or different animals, even as some devour each. Scientists distinguish between several kinds of consumers. primary consumers make up the second trophic level.
A consumer is also called the give-up person. The consumer is the one who will pay for something to consume items and offerings produced. As such, purchasers play a vital role within the economic device of a state. Without customer demand, producers might lack one of the key motivations to provide: to promote to customers.
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On june 1, 2022, spk company signed a $100,000, one-year, 6 percent note payable. Interest and principal are due at maturity. What amount will spk record for interest expense in their december 31, 2022 adjusting entries?.
$3500 sum will spk record for interest expense in their december 31, 2022
Interest = $ 6000 for 12 months.
From June to December there will be 7 months due,
therefore 7/12x6000 = $ 3500
An interest expense is the fetched brought about by an substance for borrowed reserves. Intrigued cost may be a non-operating cost appeared on the salary explanation. It speaks to intrigued payable on any borrowings—bonds, credits, convertible obligation or lines of credit. It is basically calculated as the intrigued rate times the exceptional foremost sum of the obligation. Interest expense on the income statement represents interest accrued during the period covered by the financial statements, and not the amount of interest paid over that period. While interest expense is tax-deductible for companies, in an individual's case, it depends on their jurisdiction and also on the loan's purpose.
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The cause and effect relationships among critical success factors are best captured in?
The cause-and-effect relationships among critical success factors are best captured in the strategy map.
A relationship refers back to the association, connection, interplay and bond among or extra people. There are many unique kinds of relationships. This phase specializes in 4 kinds of relationships: Family relationships, Friendships, Acquaintanceships and Romantic relationships.
Healthy relationships contain honesty, trust, recognition and open communique among companions and they take attempt and compromise with each people. There isn't any imbalance of power. Partners recognize every other's independence, could make their personal choices without worry of retribution or retaliation, and proportion choices.
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As a result of the current age-related trends in the united states job market, by 2028 it is likely that human resource professionals will spend much of their time on issues related to ______.
Retirement is an result of the current age-related trends in the united states job market, by 2028 it is likely that human resource professionals will spend much of their time .
What is meant by Retirement ?
Retirement is the stage of life at which one decides to leave the workforce behind forever. The majority of industrialized nations, including the United States, have a national pension or benefits system in place to augment retirees' wages, and the usual retirement age in these nations is 65. The Social Security Administration (SSA) in the United States, for instance, has been providing retirees with monthly Social Security income benefits since 1935.
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Companies, called ____ take an item and create an online auction for that item, handle the transaction, and remit the balance of the proceeds after deducting a fee.
Companies, called Auction Consignment Services take an item and create an online auction for that item, handle the transaction, and remit the balance of the proceeds after deducting a fee.
Consignment is an agreement in which goods are left to an authorized third party to sell. Goods sold in this way are said to be "consigned" to a third party for sale. Items sold on consignment are usually sold by consignment stores, which receive a percentage of the sales revenue in the form of a commission.
Consignment transactions are made on a wide variety of products, such as artwork, clothing and accessories, and books. Some types of retailing can be thought of as a specific form of consignment where producers rely on retail stores to sell their products to consumers, although thrift stores and Savings goods are often associated with consignment activities.
Consignment agreements, however, will not cover retailers such as Walmart or most supermarkets, who purchase goods directly from wholesalers and then sell their items at prices higher.
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Which term describes entities who have a direct interest in, or are affected by, a business impact analysis (bia)?
a. stakeholders
b. participants
c. project team
d. sponsors
The correct answer is (D) Sponsers.
The entities who is directly affected by business impact analysis (BIA) and have great impact on it, are the sponsors.
A business impact analysis (BIA) is a methodical procedure for assessing the possible implications of a disruption to crucial business operations as a result of a accident, or emergency. The business continuity plan of an organisation must include a BIA (BCP). It has an investigative component to find any threats and vulnerabilities and a planning component to create risk-reduction plans.
Any number of people or organisations that support the goals and objectives of another person or organisation can be referred to as sponsors. For instance, sponsors may invest in private businesses, generate interest in publicly traded securities, underwrite mutual fund shares in initial public offering (IPOs), create exchange-traded funds and so on.
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Zero coupon bonds with a par value of $1,000,000 have a maturity of 10 years, and a required rate of return of 9 percent. what is the current price?
Zero coupon bonds with a par value of $1,000,000 have a maturity of 10 years, and a required rate of return of 9 percent.
The current price is $422,400.
What do you understand by par value?
The term stock market refers to the exchanges in which shares of publicly held companies are bought and sold. Such financial activities are conducted through formal exchanges and via over-the-counter (OTC) marketplaces that operate under a defined set of regulations. Both “stock market” and “stock exchange” refers to the same thing. Traders in the stock market buy or sell shares on one or more of the stock exchange.The leading U.S. stock exchanges include the New York Stock Exchange (NYSE) and the Nasdaq.To learn more about stock market value, refer to:
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A laissez-faire leadership style may be most effective when managing workers who ______.
A laissez-faire leadership style may be most effective when managing workers who are more knowledgeable than other group leaders.
What do you understand by laissez-faire leadership style
Laissez-faire leadership, also known as delegative leadership, is a type of leadership style in which the leaders are hands-off and allow group members to make the decisions.Researchers have found that this is generally the leadership style that leads to the lowest productivity among group members.This leadership style can have both benefits and possible pitfalls. There are also certain settings and situations where laissez-faire leadership might be the most appropriate.To learn more about laissez-faire leadership style, refer to:
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The cpi in 1970 was 38.8 and in 1998 the cpi was 163.0. if the real value of 1970 a gallon of milk in terms of 1998 dollars is $0.70, what was the nominal price of milk in 1970? (5pts)
The cpi in 1970 was 38.8 and in 1998 the cpi was 163.0. if the real value of 1970 a gallon of milk in terms of 1998 dollars is $0.70,
$0.17. was the nominal price of milk in 1970.
38.8($0.70)/163 = $0.17.
Not seasonally adjusted CPI measures The Consumer Price Index for All Urban Consumers (CPI-U) expanded 8. three percentage during the last three hundred and sixty-five days to an index degree of 296.171 (1982-84=100). For the month, the index become unchanged previous to the seasonal adjustment.
When there may be an upward extra de withinside the CPI, this indicates there was a boom withinside the common extra de in charges over time. This finally results in changes withinside the fee of residing and earnings (probably in order that earnings are adjusted to satisfy a better fee of residing). This manner is called indexation.
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When an organization experiences changes in several factors and the rate of change of those factors is rapid, they are likely experiencing______.
When an organization experiences changes in several factors and the rate of change of those factors is rapid, they are likely experiencing HIGH UNCERTAINITY.
Organizational uncertainty: what is it?
Business uncertainty can be defined as any incident that a company cannot foresee or directly influence and that could have unfavorable results.
Decide which dangers to your business are most urgent and order them accordingly. List the main challenges that need to be addressed, such as data theft, windstorms, the departure of a well-known CEO, etc., during a brainstorming session. Then create a risk management strategy so you can prepare for the more significant possible issues in advance.
Any business has a large amount of uncertainty. There is no return without risk, as every business owner is aware. As a result, a key component of our investing and speculating is the prevalence of uncertainty.
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_____ management planning involves the creation of a plan to guide the actions of an entire company.
strategic management planning involves the creation of a plan to guide the actions of an entire company.
What is strategic management?
Setting policies, procedures, and goals in order to increase a company's or organization's competitiveness is the process of strategic management. Strategic management typically focuses on efficiently allocating personnel and assets to accomplish these objectives.
Therefore,
strategic management planning involves the creation of a plan to guide the actions of an entire company.
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Determine+the+size+of+your+investment+account+30+years+from+now+when+you+plan+to+retire+if+you+deposit+$12,000+each+year+beginning+one+year+from+now+in+the+account+interest+at+a+rate+of+10%+per+year
Your investment account will be worth $1980000 in 30 years (When You Plan To Retire) If you start with a $12,000 yearly deposit and the account earns after one year.
Investment accounts are a specific kind of bank account that have funds or securities deposited into them and are kept at a financial institution. Long-term growth, income, or capital preservation from the portfolio of deposited assets are the main goals of an investment account.
An asset that will eventually deliver value greater than its initial cost is considered an investment. Almost any asset can be referred to as an Investment accounts, including intangible ones like education. Investing often refers to the acquisition of stocks or bonds when discussing the stock market. These securities are intended to deliver an investor future value that outweighs their purchase price.
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The complete question is
Determine the size of your investment account 30 years from now (when you plan to retire) if you deposit $12,000 each year, beginning 1 year from now, and the account earns interest at a rate of 10% per year.
Find+the+after-tax+return+to+a+corporation+that+buys+a+share+of+preferred+stock+at+$50,+sells+it+at+year-end+at+$50,+and+receives+a+$4+year-end+dividend.+the+firm+is+in+the+30%+tax+bracket.
The total before-tax income is $4. After the 70% exclusion for preferred stock dividends, the taxable income is: 0.30 X $4 = $1.20
Therefore, taxes are: 0.30 X $1.20 = $0.36
After-tax income is: $4.00 - $0.36 = $3.64
Rate of return is: $3.64/$40.00 = 9.10%
What is a Tax Return?A tax return is one or more forms submitted to a taxing body that include earnings, outlays, and other crucial tax data.
Tax returns give taxpayers the option to determine their tax liability, plan out their tax payments, or ask for refunds for any taxes they have paid in excess of what is required.
For an individual or business having reportable income, such as wages, interest, dividends, capital gains, or other earnings, tax returns must typically be filed annually.
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Assume you currently earn a salary of $50,000 per year. what will be your annual salary 17 years from now if you receive annual raises of 3.75 percent?
The annual salary in 17 years will be $93,490.57.
What will be the annual salary?If salary increases every year, this is a compound growth with annual compounding. When there is a compound growth, it means that income increases at an exponential rate. Salary would increase at an exponential rate of 3.75% every year.
It is important that salary's growth rate is higher than the inflation rate. This would ensure that the purchasing power of the person's salary is maintained.
The formula for calculating future value with annual compounding is:
FV = P (1 + r)^n
Where:
FV = Future value P = Present value R = interest rate N = number of years$50,000 x (1 + 0.0375)^17
$50,000 x (1.0375^17) = $93,490.57
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Math for Accounting
Suppose that you are opening a 1,000-square foot baseball card store in a shopping center. You have signed a lease that requires you to pay a monthly rent of $1.75 per square foot, plus 5 percent of your gross annual sales. What is the total amount of rent you will pay in one year if you have sales of $85,000?
Answer:
25,250.00
Explanation:
1.75 x 1000 = 1750.00/month x 12 months = 21,000/year
Then add the 5% of 85,000 sales which is 4250.00
Total 25,250.00
If your sales reach $85,000, your total annual rent payment will be $25,250.
The annual rent is the amount of rent that the tenant must pay the landlord for each year of the term (or any subsequent terms), starting with the initial rent.
I. Computation of annual rent payable:
[tex]\text{Monthly payment of rent per square} = 1.75 \text{ x } 1,000 \\\=1750\\\text{Annual Payment per year per square foot} = 1750 \text{ x }12\\=21,000[/tex]
II. Now, need to add the 5% of gross annual sales from $85,000
[tex]= 85,000 \text{ x } 0.05\\=4,250\\[/tex]
Gross sales is a measure of a company's overall sales that is not cost-adjusted for those sales' production. The sum of all sale invoices or associated revenue transactions is used to determine the gross sales calculation.
III. Therefore, if we add (I) and (II), we will arrive Annual rent payable
[tex]=21,000 + 4,250\\=25,250[/tex]
Therefore, the annual rent payable is $25,250.
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Pet food plus company expects to sell beefy dog treats in january and in february for each. what will be the total sales revenue reflected in the sales budget for those months?
The total sales revenue reflected in the sales budget for those months are, January $15,000; February $27,000
What is sales revenue?Net sales, as used in bookkeeping, accounting, and financial accounting, refer to operating revenues received by a business from the sale of its goods or provision of its services. They are directly recorded as Sales or Net sales on the income statement and are also referred to as revenue. The number of goods or services sold multiplied by the cost per unit is used to determine sales income.
Units Sold x Sales Price equals Sales Revenue.
A sales budget is a financial strategy that projects the entire income of a business over a given time frame. To forecast the performance of the company, it relies on two factors: the volume of products sold and the price at which they are sold. Achieving the goals of the sales department is the goal of the budget for sales.
Hence, the total sales revenue reflected in the sales budget for those months are, January $15,000; February $27,000.
The complete question is,
Loyal Pet Company expects to sell 5,000 beefy dog treats in January and 9,000 in February for $3 each. What will be the total sales revenue reflected in the sales budget for those months?
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You expect to receive a payout from a trust fund in 5 years. The payout will be for $12,200. You plan to invest the money at an annual rate of 6. 9 percent until the account is worth $20,800. How many years do you have to wait from today?.
You have to wait, 13 years from now until the account is worths $20,800.
The account is to be worths $20,800 so the fixed value is $20,800 and present value was given here, PV = $12,200 and the annual rate is 6.9% or 0.069.
Now, we calculate time taken to reach the account value to $20800.
t = ln(FV / PV) / ln(1 + r)
t = ln($20,800 / $12,200) / ln 1.069
On calculating this, we get t = 8 years. So the total time taken to reach the account to $20800 is 5+8 = 13years.
A cost that remains constant regardless of how many units of products or services are produced or sold is referred to as a fixed value. Fixed costs are outlays that a business must cover regardless of the particular commercial activities it engages in.
Given a certain rate of return, present value (PV) is the current value of a future financial asset or stream of cash flows. The discount rate determines the present value of future cash flows, and the higher the discount rate, the lower the present value of those future cash flows.
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If each boy in the school pays n$10 school fees, and each girl pays n$7, how much money is paid to the school altogether?
The amount of money paid to the school for children is given by the following equation:
T = 10x + 7y
What are equations?Equations are algebraic expressions that are characterized by having an equality, and expressions on either side of it. Equations have several uses, such as modeling problems, formulas, and graphing functions.
If in a certain school the tuition that is paid for each boy is $10 and for each girl is $7, the total value that will be paid to the school depends directly on the amount of money paid to each of them, so we only need to express it with an equation, and this will be:
xboys + ygirls = total
T = 10x + 7y
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Which climate zone with a long growing season and wet winters used to have native americans living along the gulf coast and southeast atlantic coast?
The Humid subtropical with a long growing season and wet winters used to have native Americans living along the gulf coast and southeast Atlantic coast.
The Atlantic coast has a humid subtropical climate that stretches to the Gulf of Mexico. Summers are too hot and humid, and winters are too chilly or warm in Subtropical Humid regions. Summers have an abundance of daylight, whereas winters are too cold, with temperatures dropping to single digits and sometimes below freezing. This type of climate is mostly found along the coasts of South America. The level of rainfall or humidity mostly in climate is high in such areas.
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Research conducted in an actual organization and with real employees is:_______
a. a field study.
b. a survey.
c. a lab study.
d. a meta-analytic study.
Research conducted in an actual organization and with real employees is a survey.
What is a survey?A survey is a research method used for collecting data from a predefined group of respondents to gain information and insights into various topics of interest. They can have multiple purposes, and researchers can conduct it in many ways depending on the methodology chosen and the study’s goal. In the year 2020, research is of extreme importance, and hence it’s essential for us to understand the benefits of social research for a target population using the right survey tool.The data is usually obtained through the use of standardized procedures to ensure that each respondent can answer the questions at a level playing field to avoid biased opinions that could influence the outcome of the research or study. The process involves asking people for information through a questionnaire, which can be either online or offline.To learn more about survey, refer: https://brainly.com/question/17373064?referrer=searchResults
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How+much+would+$20,000+due+in+50+years+be+worth+today+if+the+discount+rate+were+7.5%?+group+of+answer+choices
The correct answer is $ 537.78, due to time value of money $ 537.872, now will become $ 20,000 after 50 years.
Given,
Amount due in 50 years = $ 20,000
Rate of interest (r) = 7.5% = 0.075
The present value of investment due in 50 years is-\
= amount/ (1+ r) ^50
= 20,000/ (1+ 0.075) ^ 50
= $537.782
The concept of time value of money (TVM) states that an amount of currency is reasonable more now than it would be at a future stage due to its earning capacity in the meantime. The value of money over time is a basic financial principle. A sum of money in one's hand has a value higher than the same money paid in the coming years. The present discounted value is another term for the time value of money.
The time value of money concept asserts that money could only grow through investment, so a late investment is a missed opportunity.
The complete question is here:
How much would $20,000 due in 50 years be worth today if the discount rate were 7.5%?
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An it company was charged $0.007 for the data and storage they used per the current month's least charge. which storage option did this company choose?
A storage gateway is the storage option did this company choose.
A cloud garage gateway is a hybrid cloud garage appliance, carried out in hardware or software, that is living on client premises and interprets cloud garage APIs including SOAP or REST into garage protocols. block cloud-primarily based totally garage including iSCSI or Fiber Channel, or record-primarily based totally interfaces. including NFS or SMB.
According to a 2011 file with the aid of using Gartner Group, cloud gateways are predicted to boom cloud garage utilization with the aid of using decreasing month-to-month charges and putting off statistics safety concerns.
Modern programs (aka "cloud-local apps") use community garage the use of REST and SOAP with hypertext switch on pinnacle of the protocol layer. Associative reminiscence is furnished from arrays that offer them as item reminiscence. Typical programs use community garage the use of the SMB NFS, iSCSI, or Server Message Block community record systems. To take complete benefit of item garage, current programs should be rewritten and new programs should be item-garage-aware, which isn't the default case.
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