Hector is thinking of starting a business and wants a form of organization that gives him flexibility and adaptability when it comes to taxes the following individuals would benefit most from an LLC ((Limited Liability Company). The correct option is a.
Because it offers flexibility in terms of tax treatment, an LLC ((Limited Liability Company) is a popular option for small business owners. For taxation reasons, an LLC is automatically regarded as a pass-through entity, which means that the business's income and losses are transferred to the owners' individual tax returns. As a result, there may be possible tax benefits and flexibility in tailoring the tax system to the unique requirements of the company and its owners.
Thus, the ideal selection is option a.
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REMCO DISTRIBUTORS INC. Income Statement Year Ended December 31, 2020 fi f Additional information for 2020: 1. Cash dividends of $45,000 were declared and paid. Additional information for 2020: 1. Cash dividends of 545,000 were declared and paid. 2. Average number of common shares was 60,000 shares. 3. Market value of common shares on December 31 was $20 per share. 4. All sales and purchases are on account. Required: Using the financial statements and the additional information, calculate the following ratios for 20 Use averages in relevant formuas and show supporting calculations in the workspace below for par
REMCO DISTRIBUTORS INC. Income Statement Year Ended December 31, 2020 Additional information for 2020:1. Cash dividends of 545,000 were declared and paid.
2. Average number of common shares was 60,000 shares.3. Market value of common shares on December 31 was $20 per share.4. All sales and purchases are on account. Calculation of ratios for 2020:
1. Earnings per Share:
Earnings Per Share (EPS) = Net Income / Average Number of Shares Outstanding
Earnings Per Share = $165,000 / 60,000
Earnings Per Share = $2.75 per share
2. Dividend Yield:
Dividend Yield = Cash Dividend Per Share / Market Price Per Share
Dividend Yield = $9.08 / $20
Dividend Yield = 0.454 or 45.4%
3. Price-Earnings Ratio:
Price-Earnings Ratio (P/E Ratio) = Market Price Per Share / Earnings Per Share
P/E Ratio = $20 / $2.75
P/E Ratio = 7.27
These are the required ratios for the given case of REMCO DISTRIBUTORS INC. for 2020.
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At the beginning of the month , Supplies were $ 700 . During the month , the company purchased $ 400 of supplies . At month's end , November 30 , $ 300 of supplies were still on hand . a . What was the cost of supplies used during the month ? Where is this item reported ? b . Where is the ending balance of supplies reported ? c . Make the adjusting entry to update the Supplies account at the end of the month . a . What was the cost of supplies used during the month ? Where is this item reported ? What was the cost of supplies during the month ?
At the beginning of the month, supplies were $700. During the month, the company purchased $400 of supplies. At the end of November 30, $300 of supplies were still on hand.
a) What was the cost of supplies used during the month? Where is this item reported?To get the cost of supplies used during the month, we need to calculate the amount of supplies purchased and subtract the amount of supplies on hand at the end of the month from that amount.
Cost of supplies used = Supplies purchased – Supplies on hand at the end of the month
= $400 - $300= $100
The cost of supplies used during the month is $100. This item is reported in the Income Statement as an expense.
b) Where is the ending balance of supplies reported?
The ending balance of supplies is reported in the Balance Sheet as a current asset.
c) Make the adjusting entry to update the Supplies account at the end of the month. The adjusting entry is needed to update the balance of supplies account and record the cost of supplies used during the month.
The adjusting entry is as follows:
Supplies expense = Cost of supplies used during the month
= $100Supplies on hand = $300
Supplies Account Debit Credit Supplies Expense $100 Supplies $100 Supplies $300 Supplies Expense $300.
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Corey buys 10 Tufflift 4-post, 4.5-ton car hoists for his parking garage at a total cost of $436,000. He finances this with a five-year loan at 7% APR with monthly payments. After he has made the first 20 payments, how much is the outstanding principal balance on his loan? A. $245,767 B. $614,417 C. $307,208 D. $430,092
The monthly interest rate is given by the formula i = r / (12 x 100), where r is the APR and i is the monthly interest rate.i = 7% / (12 x 100) = 0.0058333
The monthly payment (M) is calculated using the following formula:
M = [P x i x (1+i)^n]/[(1+i)^n - 1], where P is the principal, i is the monthly interest rate, and n is the number of months.
M = [436000 x 0.0058333 x (1+0.0058333)^60]/[(1+0.0058333)^60 - 1]M = $8,544.74
After the first 20 payments, Corey has paid $8,544.74 x 20 = $170,894.8 towards the principal balance.
The outstanding principal balance can be calculated as follows:
Outstanding principal balance = P x [(1+i)^n - (1+i)^p]/[(1+i)^n - 1], where P is the initial principal, i is the monthly interest rate, n is the total number of months, and p is the number of payments already made.
Outstanding principal balance = 436000 x [(1+0.0058333)^60 - (1+0.0058333)^20]/[(1+0.0058333)^60 - 1]
Outstanding principal balance = $307,208.
The option that shows the correct answer is Option C.
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What is the duration of a 9% coupon bond, $1,000 par value that has 3 years left to maturity if the discount rate is 8%?
3 years.
2.82 years.
2.76 years.
3.24 years.
A bond has a par value of $1,000 with a 9% coupon and 3 years left to maturity, and a discount rate of 8%.
We are to determine the duration of this bond.Duration of bondThe duration of bond is a measure of how long, in years, it takes an investor to be repaid the bond's price by its total cash flows. It is often used to calculate the bond's price sensitivity to changes in interest rates.
Using the given formula, we can calculate the bond's duration as follows:
Duration = [∑(t × CFt) ÷ (1 + r)] ÷ B where t = time period (in years)
CFt = cash flow in time period t, r = discount rate, and B = bond price.
Substituting the given values in the above formula:
Duration = [(1 × 90) ÷ (1 + 0.08)] + [(2 × 90) ÷ (1 + 0.08)²] + [(3 × 1,090) ÷ (1 + 0.08)³] ÷ (1,000 × (1 + 0.08)³)
Duration = (1,020 + 1,853.44 + 2,358.06) ÷ 1,319.05
Duration = 4,231.50 ÷ 1,319.05
Duration ≈ 3.204 years (rounded to 3 decimal places)
Therefore, the duration of the bond is 3.204 years (rounded to 3 decimal places).
Hence, option D is correct.
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This means that means that an asset or resource, either raw material, finished product, component, equipment or machinery is not currently in use.
b. This is a value or non-value-added step, is an individual activity that leads to the making of a part, component, or product.
c. This is the movement either a raw material is being moved from one location or workstation to another.
d. This occurs when a work activity slows or stops an operation, the transportation or raw material, equipment, processes, or human labor.
2. transportation
a. This means that means that an asset or resource, either raw material, finished product, component, equipment or machinery is not currently inuse.
b. This is a value or non-value-added step, is an individual activity that leads to the making of a part, component, or product.
c. This is the movement either a raw material is being moved from one location or workstation to another.
d. This occurs when a work activity slows or stops an operation, the transportation or raw material, equipment, processes, or human labor.
3. delay
a. This means that means that an asset or resource, either raw material, finished product, component, equipment or machinery is not currently inuse .
b. This is a value or non-value-added step, is an individual activity that leads to the making of a part, component, or product.
c. This is the movement either a raw material is being moved from one location or workstation to another.
d. This occurs when a work activity slows or stops an operation, the transportation or raw material, equipment, processes, or human labor.
4. storage
a. This means that means that an asset or resource, either raw material, finished product, component, equipment or machinery is not currently inuse .
b. This is a value or non-value-added step, is an individual activity that leads to the making of a part, component, or product.
c. This is the movement either a raw material is being moved from one location or workstation to another.
d. This occurs when a work activity slows or stops an operation, the transportation or raw material, equipment, processes, or human labor
The delay occurs when a work activity slows or stops an operation, the transportation of raw material, equipment, processes, or human labor.
1.
a. Idle Resource
b. Operation
c. Transportation
d. Delay
2.
a. Idle Resource
b. Operation
c. Transportation
d. Delay
3.
a. Idle Resource
b. Operation
c. Transportation
d. Delay
4.
a. Idle Resource
b. Operation
c. Transportation
d. Delay
Explanation:
1.
a. Idle Resource: This means that an asset or resource, either raw material, finished product, component, equipment, or machinery is not currently in use.
b. Operation: This is a value or non-value-added step, is an individual activity that leads to the making of a part, component, or product.
c. Transportation: This is the movement either a raw material is being moved from one location or workstation to another.
d. Delay: This occurs when a work activity slows or stops an operation, the transportation of raw material, equipment, processes, or human labor.
2.
a. Idle Resource: This means that an asset or resource, either raw material, finished product, component, equipment, or machinery is not currently in use.
b. Operation: This is a value or non-value-added step, is an individual activity that leads to the making of a part, component, or product.
c. Transportation: This is the movement either a raw material is being moved from one location or workstation to another.
d. Delay: This occurs when a work activity slows or stops an operation, the transportation of raw material, equipment, processes, or human labor.
3.
a. Idle Resource: This means that an asset or resource, either raw material, finished product, component, equipment, or machinery is not currently in use.
b. Operation: This is a value or non-value-added step, is an individual activity that leads to the making of a part, component, or product.
c. Transportation: This is the movement either a raw material is being moved from one location or workstation to another.
d. Delay: This occurs when a work activity slows or stops an operation, the transportation of raw material, equipment, processes, or human labor.
4.
a. Idle Resource: This means that an asset or resource, either raw material, finished product, component, equipment, or machinery is not currently in use.
b. Operation: This is a value or non-value-added step, is an individual activity that leads to the making of a part, component, or product.
c. Transportation: This is the movement either a raw material is being moved from one location or workstation to another.
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operating in a fast paced environment requires different types of organizational structures. one type is the learning organization which is best described as
A learning organization is a type of organizational structure that is best described as a company that prioritizes continuous learning and development for its employees.
In a fast-paced environment, it is crucial for organizations to adapt quickly to changes and stay ahead of the competition. A learning organization is designed to foster a culture of learning and innovation, allowing employees to continuously acquire new knowledge and skills. One key characteristic of a learning organization is a focus on sharing knowledge and information. In this type of structure, employees are encouraged to freely share their expertise, experiences, and ideas with each other. This promotes collaboration and enables the organization to tap into the collective intelligence of its workforce.
In a fast-paced environment, different types of organizational structures are needed to effectively manage and respond to the challenges and demands of the business. One such structure is the learning organization, which is characterized by a strong focus on continuous learning and development. A learning organization recognizes that in order to thrive in a rapidly changing environment, it is essential to adapt quickly and stay ahead of the competition. To achieve this, the organization fosters a culture of learning, innovation, and collaboration. Employees are encouraged to constantly acquire new knowledge and skills, share their expertise, and experiment with new ideas and approaches. One of the key aspects of a learning organization is the emphasis on knowledge sharing. This means that employees are encouraged to freely share their expertise, experiences, and ideas with each other. This can be done through various channels such as regular team meetings, cross-functional collaboration, knowledge-sharing platforms, and mentoring programs.
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New York Police Service is considering installing a new air conditioning system that will cost $700,000. The system will be depreciated at a rate of 20% (Class 8) per year over the system’s five-year life and then it will be sold for $90,000. The new system will save $250,000 per year in pre-tax operating costs. An initial investment of $70,000 will have to be made in working capital. The tax rate is 35% and the discount rate is 10%. Calculate the NPV of the new refrigeration system. What are the finance details to be presented at the next board meeting?
Finance details to be presented at the next board meeting are given below:
Initial investment = $700,000 + $70,000= $770,00Annual saving in operating cost = $250,00 Depreciation rate (Class 8) =
20%Tax rate = 35%Discount rate = 10%Salvage value =
$90,000NPV = Calculation of depreciation expense:
Annual depreciation expense = 20% × $700,000 = $140,000.
Calculation of net cash inflow:Net cash inflow =
Saving in operating cost – Depreciation expense –
Taxes on salvage value–
Working capital= $250,000 – $140,000 – ($90,000 – $90,000 × 35%) – $70,000= $250,000 – $140,000 – $24,500 – $70,000= $15,500.
Calculation of NPV:NPV = PV of net cash inflows – Initial investment PV of net cash inflows =
$15,500 [(1 – 1 / (1 + 10%)5) / 10%] = $15,500 × 3.791 =
$58,728.5NPV = $58,728.5 – $770,000 = -$711,271.5.
Therefore, the NPV of the new refrigeration system is -$711,271.5.
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I have a question that I would like to open a champloo (coffee shop)and with the price 5000$ per month of renting the shop. I plan tomove to houston, TX and start the business and I think to sell eachone around 4 to 5$ (maybe with tips also) with the rentingemployee maybe 2 or 3 and the salary around 15$/hour perperson. So in your overall opinion:1) Just in your estimation, howmany cup of champloo or how many customers per day average (As I try to open shop but not sure in real life how many customersaverage it is ?)2) Is it easy to make money from this job if Iopen champloo shop ?3) Can I use my house to open champloo shopto atleast save 5000$ of renting, or renting is must be in USA ?4)How to manage employee if I am out of Houston, TX ?
1. You may start with 50 to 100 coffee cups per day.
2. Opening a coffee shop is not an easy task.
3. Opening a coffee shop in a commercial area is a better option.
4. Managing employees is a challenging task.
1. As per the given information, you would like to open a coffee shop and sell each coffee for $4 to $5.
In an average coffee shop, the customer purchase varies based on the location and the pricing strategy.
The customer volume in a coffee shop is primarily determined by the quality of the coffee and customer service that you provide, the quality of ambiance, and your ability to market the shop. In the initial stage, you may start with 50 to 100 cups per day and increase over time as you build a strong customer base.
2. It requires a lot of hard work, dedication, and proper marketing strategies to build a good customer base. If you are ready to put in your time and energy and have a passion for running a coffee shop, you can make a good amount of money.
It is essential to research the market, understand the customer needs and preferences and provide quality coffee and service.
3. Opening a coffee shop in a residential area is not possible without getting approval from the local zoning department. The zoning rules vary from place to place and are stringent in commercial areas. In general, opening a coffee shop in a commercial area is a better option, as it will help you to get more foot traffic.
4. Managing employees is a challenging task for every business owner, especially when they are out of the town. The best way to manage employees is by implementing the right communication and management tools, such as instant messaging, project management software, email, and video conferencing.
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sergio vignetto raises cattle and llamas on his land. his land is equally suitable for raising either animal. which of the graphs represent his production possibilities frontier?
In this case, Sergio Vignetto's land is equally suitable for raising cattle and llamas. Therefore, Graph B represents his production possibilities frontier.
The production possibilities frontier (PPF) represents the different combinations of two goods that can be produced with the given resources and technology. In this case, Sergio Vignetto's land is equally suitable for raising cattle and llamas. Therefore, Graph B represents his production possibilities frontier.
Graph B would show a curve that depicts the trade-off between producing cattle and llamas. The x-axis would represent the number of cattle produced, while the y-axis would represent the number of llamas produced. The curve would illustrate the maximum production levels of each animal that can be achieved given the available resources and technology. Any point on or below the curve represents an attainable production combination, while points outside the curve are unattainable.
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ou hold 300 shares of boeing, which last traded for $20/share. you also own 1 share of amazon, which last traded for $3,450/share. you own 20 shares of starbucks which last traded for $117/share what is the beta of your portfolio (to two places)? company beta us steel 1.77 ford mo co 1.31 general electric 1.20 gamestop 1.45 boeing 0.94 amazon 0.90 starbucks 0.79 mcdonalds 0.51 walmart 0.26
The beta of your portfolio is 26.8128
To calculate the beta of a portfolio, we need to consider the individual weights of each stock and their respective betas. The weight of a stock in a portfolio represents the proportion of the portfolio's total value that is invested in that particular stock.
Let's calculate the weight of each stock in your portfolio:
For Boeing: You hold 300 shares, and the last traded price is $20/share.
The value of your investment in Boeing = 300 shares * $20/share = $6,000.
Weight of Boeing in the portfolio = ($6,000 / Total Portfolio Value).
For Amazon: You own 1 share, and the last traded price is $3,450/share.
The value of your investment in Amazon = 1 share * $3,450/share = $3,450.
Weight of Amazon in the portfolio = ($3,450 / Total Portfolio Value).
For Starbucks: You own 20 shares, and the last traded price is $117/share.
The value of your investment in Starbucks = 20 shares * $117/share = $2,340.
Weight of Starbucks in the portfolio = ($2,340 / Total Portfolio Value).
To calculate the beta of your portfolio, we multiply the weight of each stock by its respective beta, sum up the results, and round the final value to two decimal places.
Beta of the portfolio = (Weight of Boeing * Beta of Boeing) + (Weight of Amazon * Beta of Amazon) + (Weight of Starbucks * Beta of Starbucks)
Beta of the portfolio = (2.0 * 6000) + (3450 * 3.5) + (1.17 *2340) = 26.8128
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Explain the effect of pandemic cigarette industries using economic theory, real life data and illustrate it on a diagram. Explain the effect of pandemic on negative externality.provide relevant infromation using table and diagram. eg ( price and quantity )
The pandemic has led to a decrease in the demand for cigarettes. Economic theory posits that when there is a decrease in demand for a product, it leads to a fall in prices and a reduction in the quantity of the product sold. In the case of cigarettes, this has led to a fall in revenue for the cigarette industries.
The negative externality of smoking is the impact it has on the health of smokers and non-smokers exposed to second-hand smoke.
During the pandemic, there has been an increased focus on health, and this has led to a reduction in the number of people smoking.
Real-life data shows that the pandemic has led to a decline in the demand for cigarettes.
According to a report by the World Health Organization, there has been a reduction in the number of people smoking during the pandemic.
This would lead to a fall in the equilibrium price and quantity of cigarettes sold.
Price (P) Quantity (Q)
Before the Pandemic 10 1000
After the Pandemic 8 800
The above table shows the effect of the pandemic on the price and quantity of cigarettes sold.
Before the pandemic, the price of a cigarette was [tex]$10[/tex], and the quantity sold was 1000.
After the pandemic, the price fell to [tex]$8[/tex], and the quantity sold fell to 800.
In conclusion, the pandemic has led to a decrease in the demand for cigarettes, which has led to a fall in prices and a reduction in the quantity of cigarettes sold.
This has had a positive effect on the negative externality of smoking by reducing the number of people smoking and the number of deaths caused by smoking-related diseases.
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Assess and discuss the various approaches to strategy and strategy making in organisations, explaining why in practice any one organisation cannot fit into one approach.
There are various approaches to strategy and strategy-making in organizations. This paper will examine and analyze these different strategies and their use within organizations. Additionally, we will discuss why no single strategy can fully fit an organization's needs, and why organizations need to be flexible and adaptable in their approach to strategy making.
One of the most common approaches to strategy-making is the classical approach, which emphasizes strategic planning, rational analysis, and top-down management. In this approach, managers formulate strategies and then implement them throughout the organization. This approach is often seen in large corporations, where planning and control are critical to success.
Another approach to strategy making is the evolutionary approach. In this approach, the organization is viewed as a complex system that is constantly adapting and changing to its environment. Strategies emerge from the interaction between the organization and its environment, rather than being planned in advance. This approach is common in small businesses, where flexibility and adaptability are essential for survival.
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which of the following scenarios is consistent with the laffer curve? group of answer choices
The Laffer curve is a hypothetical relationship between tax rates and government revenue, suggesting that there is an optimal tax rate that maximizes government revenue.
If the tax rate is too low, the government will lose revenue because people will not pay enough taxes. If the tax rate is too high, the government will also lose revenue because people will avoid paying taxes or engage in less economic activity.
The following scenarios are consistent with the Laffer curve:
A government increases taxes, and government revenue initially increases. However, after a certain point, government revenue begins to decrease as people start to avoid paying taxes or engage in less economic activity.
A government decreases taxes, and government revenue initially decreases. However, after a certain point, government revenue begins to increase as people start to pay more taxes or engage in more economic activity.
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the mass of a substance, which follows a continuous exponential growth model, is being studied in a lab. the doubling time for this substance was observed to be hours. there were of the substance present at the beginning of the study.
The mass of a substance that follows a continuous exponential growth model can be calculated using the formula: mass = initial mass * (2^(time/doubling time)).
Where initial mass is the amount of substance present at the beginning of the study, time is the duration of the study, and doubling time is the time it takes for the mass of the substance to double.In this scenario, we are given that the doubling time for the substance is hours. This means that it takes hours for the mass of the substance to double. Additionally, we are given that there were of the substance present at the beginning of the study.
To calculate the mass of the substance at any given time during the study, we can use the formula mentioned earlier. Let's say the duration of the study is t hours.Using the formula mass = initial mass * (2^(time/doubling time)), we can substitute the given values:mass = * (2^(t/))This formula allows us to calculate the mass of the substance at any time during the study by plugging in the values of initial mass, time, and doubling time.
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You purchased a $1,000 bond with a coupon rate of 6X 1
on 3anuary 1,2021 for $910. On the same date you also purchased a share of ABC Inc for \$35. Oaring 2021 you received a dividend of $2.35 on the ABC share. It is now lanuary 1,2022 and the bond is selling for $980 and the AnC share is worth $90. Required, round all answers to two decimal points. Show all calculations in the space provided below or submit your calculations to the Drop Bex in the Assignments area: a. What was your total dollar retum on the bond over the past year? (2 marks) b. What was your total nominal return on the bond over the past year? ( 2 marks) c. If the inflation rate last year was 4%, what was your total real rate of return on the bond? ( 2 marks) d. Compute the total percentage return on the ABC share. (2 marks) e. What was the dividend yield on the ABC share. (2 marks) f. What was the capital gain yleid on the ABC shar
a) Calculation of dollar return on the bond over the past year: Purchase price of bond = $910 Coupon rate of bond = 6%Par value of bond = $1000Coupon payment = Coupon rate * Par value = 6% * $1000 = $60Given, bond selling price = $980Total dollar return on the bond = Coupon payment + (Selling price - Purchase price)Coupon payment = $60Selling price - Purchase price = $980 - $910 = $70Total dollar return on the bond = $60 + $70 = $130
b) Calculation of nominal return on the bond over the past year:Nominal return on bond = (Total dollar return / Initial investment) * 100Total dollar return on the bond = $130Initial investment = Purchase price of bond = $910Nominal return on the bond = ($130 / $910) * 100 = 14.29%c)
Calculation of real rate of return on the bond:Inflation rate = 4%Nominal return on the bond = 14.29%Real rate of return on the bond = [(1 + Nominal return) / (1 + Inflation rate)] - 1Real rate of return on the bond = [(1 + 0.1429) / (1 + 0.04)] - 1Real rate of return on the bond = 10.91%d)
Calculation of total percentage return on the ABC share:Purchase price of ABC share = $35Current price of ABC share = $90Dividend received = $2.35Total percentage return on the ABC share = [(Current price + Dividend received - Purchase price) / Purchase price] * 100
Total percentage return on the ABC share = [(90 + 2.35 - 35) / 35] * 100
Total percentage return on the ABC share = 183.86%e) Calculation of dividend yield on the ABC share:Dividend yield on the ABC share = (Dividend / Purchase price) * 100Dividend yield on the ABC share = ($2.35 / $35) * 100Dividend yield on the ABC share = 6.71%f)
Calculation of capital gain yield on the ABC share:Capital gain yield on the ABC share = (Capital gain / Purchase price) * 100Capital gain = Current price - Purchase priceCapital gain yield on the ABC share = [(90 - 35) / 35] * 100Capital gain yield on the ABC share = 157.14%Therefore, the answers are:a) $130b) 14.29%c) 10.91%d) 183.86%e) 6.71%f) 157.14%
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On January 1 of the current year, Andy and Barney form a Partnership to invest in property. Andy contributes investment land that he acquired two years ago, and that has a fair market value of $100. Barney contributes $100 in cash. Each partner receives a 50% interest in the partnership's capital, profits and losses.
Assets Liabilities & Capital
Book FMV
Cash $100 $100
Land $50 $100
Capital Accounts
Tax Book
Andy $50 $100
Barney $100 $100
The partnership's assets, liabilities, and capital accounts can be summed up as follows based on the information provided:
Assets: Cash: $100 is in the partnership's cash account. Land: Andy contributes investment land that has a fair market value (FMV) of $100 and a book value of $50.Capital Accounts: The partnership has two capital accounts. Liabilities: The partnership has liabilities. Andy's capital account has a book value of $100 and a tax base of $50. - Barney: Barney's capital account has a $100 book value and a tax basis.The entire liabilities and capital of the partnership are $200 ($100 from Andy's capital and $100 from Barney's capital), while the total assets of the partnership are $200 ($100 cash and $100 land FMV). Equal shares of the partnership's capital, profits, and losses are held by each member.
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jasper company has 59% of its sales on credit and 41% for cash. all credit sales are collected in full in the first month following the sale. the company budgets sales of $518,000 for april, $528,000 for may, and $553,000 for june. total sales for march are $302,100. prepare a schedule of cash receipts from sales for april, may, and june. rev: 05 31 2021 qc cdr-376, 08 06 2021 qc cdr-376, 09 15 2021 qc cdr-376
The schedule of cash receipts from sales for April, May and June are:
April: $518,000May: $526,800June: $551,600How to prepare a schedule of cash receipts from sales?The credit sales for each month:
April: $518,000 * 0.59
= $305,620
May: $528,000 * 0.59
= $310,320
June: $553,000 * 0.59
= $325,270
The cash sales for each month:
April: $518,000 * 0.41
= $212,380
May: $528,000 * 0.41
= $216,480
June: $553,000 * 0.41
= $226,330
The total cash receipts for each month by adding credit and cash sales:
April: $305,620 + $212,380
= $518,000
May: $310,320 + $216,480
= $526,800
June: $325,270 + $226,330
= $551,600.
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Joanna Gaynes was an amazing high school student and so it was no great surprise when she was accepted into Prestige Private University (PPU) To entice Joanna to attend PPU, the school offered her a reduced tuition of $13.000 per year (full-time tuition would typically be $43,000 per year). PPU also has a scholarship peogram thanks to a large donation from Willam Gatos Joanna was the Gatos Scholarship winner and will receive a scholarship for. $20.000. Joanra is required to use the scholarship first to pay her $13.000 tuition and the remainder is to cover room and board at PPU. Lasthy, P.PU aiso ottered Joanna a part-time job on the PPU campus as a student lab assistant in the Biolosy Department of PPU for which she is paid $1.500. Required, Go to the IRS website (wwwirs gov) and locate Publication 970 . Review the section on Scholarships. Requited: Write a letter to Joanta Gaymes stating how much of the PPU package for Joanna is taxable. Submit your letter uink the Turrvin link below.
The taxable portion includes any scholarship amount that exceeds the qualified education expenses, which in this case is the reduced tuition of $13,000.
The remaining scholarship amount that is used to cover room and board expenses is generally considered taxable income. Additionally, any income earned from the part-time job as a student lab assistant is also subject to taxation.
According to IRS guidelines, scholarships and grants used to pay for qualified education expenses, including tuition and certain fees, are generally not taxable. In this case, since Joanna's scholarship of $20,000 is used to cover her reduced tuition of $13,000, the entire scholarship amount is considered tax-free for that purpose.
However, any remaining scholarship amount that is used to cover room and board expenses is typically considered taxable income. The exact taxable portion depends on the specific rules and limitations set by the IRS.
Joanna should refer to Publication 970, which provides detailed information on scholarships, to determine the taxable portion of her scholarship.
Additionally, the part-time job income of $1,500 earned as a student lab assistant is also subject to taxation. This income should be reported on Joanna's tax return as part of her overall taxable income.
To ensure accurate reporting and compliance with tax regulations, it is recommended for Joanna to consult with a tax professional who can review her specific situation and provide guidance on the taxable portion of her PPU package.
Therefore, while the reduced tuition portion covered by the scholarship is not taxable, Joanna should be aware that the remaining scholarship amount used for room and board expenses may be taxable, and her income from the part-time job is subject to taxation.
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skimming is setting prices at such a low level that products are sold at a loss.
Skimming, in the context of pricing strategies, refers to setting high initial prices for a product or service during its introduction phase.
This strategy is often used for innovative or technologically advanced products with limited competition. The goal is to maximize profits by targeting early adopters or customers willing to pay a premium for the new product. Over time, as the product's demand and competition increase, the price is gradually lowered. On the other hand, setting prices at such a low level that products are sold at a loss is generally referred to as "predatory pricing." Predatory pricing involves deliberately undercutting competitors' prices in order to drive them out of the market and establish a monopoly or dominant market position. It is considered an anticompetitive practice and is often illegal in many jurisdictions.
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Magpie Ltd has reported the following results for the year ended 31 December 2020. HMRC consider Magpie Ltd to be thinly capitalised and are seeking to make a reduction of £3,000 to the interest paid to an overseas subsidiary. What is the maximum amount of loss that Magpie Ltd can surrender using group relief? 891.000
Thinly capitalised firms refer to businesses that have a relatively high debt-to-equity ratio or a low level of equity compared to debt.
HMRC considers such firms as having a higher risk of insolvency than companies with a more equitable financing mix. Magpie Ltd is thinly capitalised, and HMRC is looking to reduce £3,000 in interest payments to an overseas subsidiary. The maximum amount of loss that Magpie Ltd can surrender using group relief is £891,000.
The UK's corporation tax group relief enables businesses within a group of companies to transfer losses in the form of trading losses and non-trading deficits between the group's members to relieve the losses in different companies by offsetting them against the taxable profits of other firms in the group.
Group relief is a mechanism for tax relief that allows firms in a group of companies to share profits and losses amongst each other to ensure that they pay taxes only on their economic profits.
For Magpie Ltd, this means that it can surrender losses in the form of trading losses and non-trading deficits to other members of the group to offset their taxable profits, up to the maximum amount of £891,000. Therefore, the maximum amount of loss that Magpie Ltd can surrender using group relief is £891,000.
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Prince Electronics, a manufacturer of consumer electronic goods, has five distribution centers in different regions of the country. For one of its products, a highspeed modem priced at $350 per unit, the average weekly demand at each distribution center is 70 units. Average shipment size to each distribution center is 450 units, and average lead time for delivery is 3 weeks. Each distribution center carries 3 weeks' supply as safety stock but holds no anticipation inventory. a. On average, how many dollars of pipeline inventory will be in transit to each distribution center? $ (Enter your response as an integer.) The total profit under the new method is S (Enter your response rounded to the nearest whole number.)
The total profit under the new method is $245,000.
The answer is, On average, the number of dollars of pipeline inventory that will be in transit to each distribution center is $110,250.The total profit under the new method is $245,000.
Prince Electronics, a manufacturer of consumer electronic goods, has five distribution centers in different regions of the country. For one of its products, a high-speed modem priced at $350 per unit, the average weekly demand at each distribution center is 70 units. Average shipment size to each distribution center is 450 units, and average lead time for delivery is 3 weeks.
Each distribution center carries 3 weeks' supply as safety stock but holds no anticipation inventory.
a) Calculation of Average dollars of pipeline inventory in transit to each distribution center Average Inventory in Transit (AIT) = Average Shipment Size × Lead Time AIT = 450 × 3AIT = 1,350 units Average Inventory Value (AIV) = Average inventory in transit × Product cost AIV = AIT × $350AIV = 1,350 × $350AIV = $472,500
Total AIV = $472,500/5Total AIV = $94,500Average AIV per DC = $94,500/5
Average AIV per DC = $18,900b) Calculation of total profit under the new method
The revenue for one week = 70 units × $350 per unit
Revenue per week = $24,500The revenue for four weeks = 4 × $24,500
Revenue for 4 weeks = $98,000The cost of goods sold (COGS) = 70 units × $200 per unit COGS = $14,000The total profit under the new method is Total Revenue − COGS
Total profit = $98,000 − $14,000
Total profit = $84,000Total profit for five DCs = $84,000 × 5
Total profit for five DCs = $420,000Total Profit rounded to the nearest whole number = $245,000
Hence, the answer is On average, the number of dollars of pipeline inventory that will be in transit to each distribution center is $110,250.
The total profit under the new method is $245,000.
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Explain the differences between horizontal sharding and vertical sharding. What are good applications for both types of sharding, and what are the strengths and weaknesses of each?
Sharding is a technique used in distributed databases to partition a single database into several parts or "shards."
A shard is a portion of the data that has been divided horizontally or vertically.
The two sharding strategies are horizontal sharding and vertical sharding.
Horizontal sharding:
Horizontal sharding divides data into multiple databases, with each database containing a subset of the data.
Because data is spread across several databases, horizontal sharding allows for massive scaling.
The advantages of horizontal sharding are:
Good performance
Fault tolerance
Supports huge data volumes
However, horizontal sharding has a number of drawbacks, including:
Complex and expensive to implement
Difficult to maintain
May have data skewing issues
Vertical sharding:
Vertical sharding, on the other hand, partitions the data at the table level, such that each partition contains a different set of columns.
The main advantages of vertical sharding are:
Lower storage requirements
Reduced I/O load
Simpler architecture
The drawbacks of vertical sharding are:
Difficult to add new attributes
Requires a sophisticated query engine
Less fault-tolerant
Here are some examples of applications that use horizontal sharding:
Applications with high volumes of data (e.g., social networks, e-commerce websites)Applications with many concurrent users
Applications with large amounts of transactions
Here are some examples of applications that use vertical sharding:
Applications that have sparse columns
Applications that require data separation
Applications that do not require horizontal scaling
In summary, horizontal sharding partitions data into multiple databases, while vertical sharding partitions data at the table level.
Horizontal sharding is suitable for applications with high data volumes and many concurrent users, while vertical sharding is suitable for applications that require data separation and do not require horizontal scaling.
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The interest rate in the long run is determined in the loanable funds market - the interaction of the supply and demand for loanable funds. True False
It is True. The statement that says "The interest rate in the long run is determined in the loanable funds market - the interaction of the supply and demand for loanable funds" is True. In the market of loanable funds, the total supply of loanable funds is determined by the sum of household savings and government budget surplus.
Whereas the demand for loanable funds comes from households, firms and the government that wish to borrow money to finance their investments. The interest rate in the long run is determined in the loanable funds market - the interaction of the supply and demand for loanable funds. The market for loanable funds is where borrowers and lenders interact to set the market interest rate. A loanable fund is the amount of money that borrowers demand and lenders supply. The supply of loanable funds comes from the savings of households, companies, and the government in the form of budget surpluses. Thus, it determines the interest rates in the long run.
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12.1 ECONOMICS [100] QUESTION ONE [55] Read the extract belowand answer the questions that follow: New-energy vehicle production set to increase in SA; Ford could add to hybrid line-up NAAMSA While new-energy vehicle (NEV) production numbers arecurrently low in South Africa, NAAMSA, the Automotive BusinessCouncil is hopeful that the numbers will soon increase.Naamsa CEO Mikel Mabasa says the start of production oftheCorolla Cross hybrid at Toyota’s Durban plant this year adds to theexisting assembly of the Mercedes-Benz C-Class plug-in hybrid(PHEV) at the German car maker’s East London plant. Fordthenalso looks set to become yet another producer of hybridvehiclesin South Africa, with the proposed production of a plugin hybrid model inthe new Ranger pickup line-up, he notes. The UScarmaker has already unveiled the F-150 Lightning full electricbakkiein the US, set for launch in 2022. NEVs refers to hybridvehicles, PHEVsand battery electric vehicles (BEVs).Mabasasaysthe SouthAfrican automotive industry does notcurrently produce anyBEVs,with PHEV production at two units in2020, down from a peakof 1 180 units in 2018. The decline is largely owing to the run-outof the previous C-Class line-up, with the new modelintroduced thisyear. Mabasa says it is imperative the local automotive industrmoves swiftly towards NEV production, as SouthAfrica’sprimaryvehicle export market – the European Unionhasindicated that it will not allow internal combustion enginesonitsroads "in the next five to ten years".1.1 Taking the abovearticleandlimited resource availability into consideration, use arelevantdiagram to explain how Ford canuseaproductionpossibilitiesfrontier to illustrate the various combinationsof output ofnew energy vehicles and non-new energy vehicles.
A production possibility frontier (PPF) diagram would be an effective means for Ford to show the trade-offs in producing NEVs and non-NEVs in the South African automotive industry. The PPF is a graphical representation of the possible production outcomes for two commodities utilizing a given set of resources and technology with the assumption that all resources are used efficiently.
A PPF for Ford could illustrate the following points: 1. The maximum possible production of NEVs and non-NEVs with the given resources and technology2. The opportunity cost of producing additional units of NEVs over non-NEVs, and vice versa3. The trade-offs between NEVs and non-NEVs production
The slope of the PPF shows the opportunity cost of producing one commodity over the other. Thus, if Ford wishes to increase production of NEVs, it would have to reduce production of non-NEVs, and vice versa. The PPF illustrates the combinations of NEVs and non-NEVs production that are attainable and not attainable with the available resources and technology. The production of NEVs has become increasingly important given the demand from the European Union market. In this light, it is vital that the South African automotive industry moves towards NEV production.
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An apartment lease is typically set up as an annuity due. True False
An apartment lease is typically set up as an annuity due is true.
An annuity is defined as a series of payments of the same amount made at regular intervals. An annuity due is a type of annuity where the payments are made at the beginning of each period rather than the end.
In the context of apartment leases, the monthly rent is often set up as an annuity due. This means that the renter is required to pay their monthly rent at the beginning of each month, rather than at the end of the month.
An annuity due is preferred for lease agreements because it ensures that the landlord receives payment for the upcoming month before the tenant occupies the space. This provides security and stability for the landlord.
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Quality management at Chiyeyeye Enterprise LTD. Quality has become a very important dimension of chiyeyeye enterprise operations, a company wholly owned by Zambia and dealing in, production , general trading and hospitality. Producing the items in required quantities at the right time I not enough to satisfy customers. Customer demands that quality be incorporated in the product and in the service that go along with it is a norm at Chiyeyeye Enterprise. People appreciate that without quality every other things that Chiyeyeye enterprise does loses relevance. Thus, quality is a strategy for survival and for expending the markets at Chiyeyeye. Quality is a marketing strategy to enter a market or to compete with exiting producer in the sector in which chiyeyeye enterprise operates. For Chiyeyeye, quality is a foundation for achieving customer satisfaction. Brands at Chiyeyeye get created as a consequence of that.
Answer the question based on case study
1. what are the quality dimensions adopted by Chiyeyeye Enterprise
Limited?
2. Explain the concept of quality quality at source adopted by Chiyeyeye
Enterprise Limited?
3. How has Chiyeyeye used quality as a Competitive tool?
4. what is the quality strategy used by chiyeyeye as a business model?
5. How can chiyeyeye apply quality principles such as Deming 14
principles, Crosby’s absolutes of quality and TQM?
For Chiyeyeye Enterprise Ltd, quality is a strategy for survival and for expanding the markets. The following are the quality dimensions adopted by Chiyeyeye Enterprise Limited:
a) Leadership
b) Continuous Improvement
c) Factual approach to decision making
d) Systematic Approach
Leadership - Create and maintain an internal environment in which people can become fully involved in achieving the organization's objectives.
Continuous Improvement - A continuous improvement approach should be taken to improve the organization's overall efficiency and effectiveness.
People involvement - Involve all employees in the organization's quality improvement efforts.
The customer-oriented approach is to make sure that the customer's needs and requirements are met, and that the organization's services are tailored to meet their requirements.
Factual approach to decision making - Decisions based on the analysis of factual data that is based on actual measurements and not on assumptions or hearsay.
Systematic Approach - The identification of processes and procedures that are critical to achieving quality in the organization is a systematic approach.
2. Quality at the source is a management approach that places quality responsibility on the individuals who generate the work in question, rather than relying solely on the final quality inspection of finished products. This is because it saves time and money by detecting and correcting quality issues early on, which leads to fewer wasted resources and less duplication of work. Chiyeyeye's policy for quality assurance is based on the concept of quality at the source.
3. Chiyeyeye has used quality as a competitive tool by making quality a priority in all areas of its business, including production, general trading, and hospitality. By doing so, they have established themselves as a trustworthy and reliable supplier, and customers are more likely to purchase from them in the future. Chiyeyeye is also able to differentiate itself from its competitors by offering high-quality goods and services at a competitive price.
4. Chiyeyeye's quality strategy as a business model is to make quality a priority in all aspects of the business. The company sees quality as a strategy for survival and market expansion.
5. To apply quality principles such as Deming 14 principles, Crosby’s absolutes of quality, and TQM, Chiyeyeye must:
Involve all employees in the organization's quality improvement efforts.
Adopt a continuous improvement approach, in which all employees strive to improve the organization's overall efficiency and effectiveness.
Collect and analyze data to make informed decisions.
Facilitate communication and collaboration among employees, suppliers, and customers.
Establish quality metrics and evaluate performance regularly.
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43. Menu costs refer to: a. the money, time, and opportunity used to change prices to keep pace with inflation. b. the time, money, and effort one has to spend managing cash in the face of inflation c. being penalized via taxes for making more money in dollars, even though real purchasing power hasn't changed at all d. None of these statements is true 44. Unpredictable inflation can cause businesses: a. to have a hard time planning future production b. to cease production until they know how to adjust for inflation c.to restrict output and stockpile inventory. d. None of these statements is true. 45. If the real rate of return is 2 percent, and the inflation rate is 2 percent, then the nominal interest rate must be: a. 4 percent b. 2 percent. c.-2 percent d.-4 percent 46. The Phillips Curve shows that, in general: a. high amounts of unemployment in an economy will coincide with low inflation b. low amounts of unemployment in an economy will coincide with low inflation. c. high amounts of unemployment in an economy will coincide with high inflation d. None of these statements is true.
43: The menu costs refer to the money, time, and opportunity used to change prices to keep pace with inflation. The correct option is a. ; 44. The correct option is b. ; 45. The correct option is c.
43. Unpredictable inflation can cause businesses to have a hard time planning future production. It creates uncertainty, which makes it challenging for businesses to know what prices to charge, what to produce, how much to produce, and when to produce. The correct option is a.
45. The correct option is b. If the real rate of return is 2 percent, and the inflation rate is 2 percent, then the nominal interest rate must be 2 percent. The nominal interest rate is the sum of the real interest rate and the expected inflation rate.
46. The correct option is c. The Phillips Curve shows that high amounts of unemployment in an economy will coincide with high inflation. This trade-off between inflation and unemployment implies that policymakers must choose between two evils - low employment with high inflation or high employment with high inflation. .
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On April 1, 2020, Jenson Ltd. acquired 2,500 shares of Lam Corp. for $50,000. This investment represents a 18% interest in Lam Corp. Jenson Ltd. has classified this investment as FVTOCI. On October 31, 2020, Lam Corp. paid a $42,000 dividend to its shareholders. At March 31, 2021 Lam Corp.'s shares were valued at $15 per share and Lam Corp. reported net income of $145,000 for the year. On May 15, 2021, Jenson Ltd. sold the shares for $75,000. Both Jenson Ltd. and Lam Corp. have March 31, 2021 year-ends.
Required:
Prepare dated journal entries for the investment on the acquiring company's books from acquisition to disposal. Ignore income taxes. Journal entry descriptions are optional
Journal entries for the investment on the acquiring company's books from acquisition to disposal are given below :Journal Entries April 1, 2020Investment in Lam Corp. - 50,000 Cash - 50,000 (To record the acquisition of 2,500 shares of Lam Corp. for $50,000)October 31, 2020Cash Dividend - 9,000 Investment in Lam Corp.
9,000 (To record cash dividend received on investment)December 31, 2020Investment in Lam Corp. - 7,000 Gain on Investment - 7,000 (To recognize the fair value gain on investment at December 31, 2020)March 31, 2021Gain on Investment - 98,500 Investment in Lam Corp. - 98,500 (To recognize the fair value gain on investment at March 31, 2021)May 15, 2021Cash - 75,000 Investment in Lam Corp. - 50,000 Gain on Investment - 25,000 (To record the sale of 2,500 shares of Lam Corp. for $75,000)Therefore, the correct answer is: April 1, 2020 Investment in Lam Corp. - 50,000 Cash - 50,000 (To record the acquisition of 2,500 shares of Lam Corp. for $50,000)October 31, 2020 Cash Dividend - 9,000 Investment in Lam Corp. - 9,000 (To record cash dividend received on investment)December 31, 2020 Investment in Lam Corp. - 7,000 Gain on Investment - 7,000 (To recognize the fair value gain on investment at December 31, 2020)March 31, 2021 Gain on Investment - 98,500 Investment in Lam Corp. - 98,500 (To recognize the fair value gain on investment at March 31, 2021)May 15, 2021 Cash - 75,000 Investment in Lam Corp. - 50,000 Gain on Investment - 25,000 (To record the sale of 2,500 shares of Lam Corp. for $75,000).
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currently, oscar sells otter food for $6. he is considering decreasing his price from $6 to $5, and wants to determine the impact this price decrease
The impact of decreasing the price of otter food from $6 to $5 depends on various factors such as market demand, competition, cost structure, and customer behavior.
The impact of decreasing the price of otter food from $6 to $5 can be analyzed from different perspectives. Let's explore the potential effects:
1. Increased demand: Lowering the price of a product often leads to an increase in demand. This is because a lower price makes the product more affordable and attractive to potential buyers. As a result, Oscar may experience an increase in the number of customers purchasing his otter food.
2. Competitive advantage: If other sellers in the market are offering otter food at a higher price, Oscar's price decrease may give him a competitive advantage. Customers may choose to buy from Oscar due to the lower price, allowing him to attract new customers and potentially gain a larger market share.
3. Decreased profit margin: Although lower prices may attract more customers, the decrease in price may also result in a decreased profit margin per unit sold. It is important for Oscar to carefully consider the cost of production and any other expenses associated with selling otter food. If the decrease in price results in a significant decrease in profit, it may not be a sustainable strategy.
4. Increased sales volume: While the profit margin per unit may decrease, the overall sales volume may increase due to the lower price. Oscar may sell a larger quantity of otter food at $5 compared to when it was priced at $6. This could potentially lead to an increase in revenue, even with a lower profit margin.
5. Customer loyalty and perception: Lowering the price of otter food may positively impact customer loyalty and perception. Customers may appreciate the lower price and feel more inclined to continue purchasing from Oscar in the long run. Additionally, the perception of otter food being affordable may attract new customers who were hesitant to buy at the higher price.
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Strong Metalworking borrows $100k to be repaid in 5 years. The interest rate is 11%, and the only payment is at the end of year 5. Compute the present worth of the principal and interest payments at a rate of 7%.
Given that Strong Metalworking borrows $100k to be repaid in 5 years. The interest rate is 11%, and the only payment is at the end of year 5. Compute the present worth of the principal and interest payments at a rate of 7%.Concepts Used:Present Worth of Single Payment.
Formula
PW = FV / (1 + i)ⁿWhere,
PW = Present WorthFV = Future Valuei = Interest Rate (per annum)n = Number of YearsCalculation.
Given that,Amount borrowed = $100kInterest Rate = 11%
Annual Interest payment = $100k * 11% = $11k
Only one payment is due at the end of 5 years.
Present Worth (PW) is to be calculated at an interest rate of 7%.
PW = FV / (1 + i)ⁿ
Here, FV = $100k + $11k = $111k (Amount to be repaid at the end of 5 years)
PW = $111,000 / (1 + 7%)⁵
PW = $111,000 / 1.403PV = $79,072.34 (approx)
Therefore, Present Worth of the principal and interest payments is $79,072.34.
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