why do you think that it is important to study
money,banking and financial market

Answers

Answer 1

It is important to study money, banking, and financial markets because they are the backbone of modern economies. Money is the medium of exchange used in transactions and is essential for economic growth. Banking is an important institution that provides various financial services, such as deposits, loans, and credit, which contribute to economic growth.
Studying money, banking, and financial markets also helps individuals to manage their personal finances better. By understanding the basics of financial markets and how they operate, individuals can make informed investment decisions and grow their wealth. Additionally, understanding the banking system can help individuals better manage their finances and avoid costly mistakes, such as taking on too much debt or using credit unwisely.

In conclusion, studying money, banking, and financial markets is important because they are essential for economic growth and play a crucial role in personal finance. Understanding these concepts is also necessary for policymakers and regulators to maintain stable financial systems. Therefore, students who wish to pursue careers in finance, economics, or business should consider studying money, banking, and financial markets in more than 100 words.

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Related Questions

The predetermined overhead rate for Crane Company is $4, comprised of a variable overhead rate of $2 and a fixed rate of $2. The amount of budgeted overhead costs at normal capacity of $120000 was divided by normal capacity of 30000 direct labor hours, to arrive at the predetermined overhead rate of $4. Actual overhead for June was $8600 variable and $5900 fixed, and 2000 units were produced. The direct labor standard is 2 hours per unit produced. The total overhead variance is $1500U.
$2000U
$2000F.
$1500 F.

Answers

The predetermined overhead rate for Crane Company is $4, made up of a variable overhead rate of $2 and a fixed rate of $2.

The amount of budgeted overhead costs at normal capacity of $120000 was divided by normal capacity of 30000 direct labor hours, to arrive at the predetermined overhead rate of $4.

The company produced 2,000 units and the direct labor standard is 2 hours per unit produced.

The actual overhead for June was $8600 variable and $5900 fixed.

Using the formula:

Total Overhead Variance = Actual Overhead - Standard Overhead (Normal Capacity)

Where, Actual Overhead = $8600 variable + $5900 fixed= $14500

Standard Overhead = Predetermined Overhead Rate * Number of Units Produced= $4 * 2000 units= $8000

Total Overhead Variance = Actual Overhead - Standard Overhead (Normal Capacity)= $14500 - $8000= $6500UAs such,

the total overhead variance is $6500U.

the correct option is $6500U.

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if a valid offer is met with a valid acceptance, as well as an exchange of consideration, the result is

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If a valid offer is met with a valid acceptance, as well as an exchange of consideration, the result is a legally binding contract.

In order for a contract to be formed, certain elements must be present: a valid offer, acceptance of that offer, and consideration exchanged between the parties involved. An offer is a clear expression of willingness to enter into a contract on specific terms, while acceptance is the unequivocal agreement to the terms of the offer. Consideration refers to something of value exchanged between the parties, which can be money, goods, services, or a promise to do or refrain from doing something.

When all these elements are present, a legally binding contract is established. This means that the parties involved are obligated to fulfill their respective obligations as outlined in the contract. If either party fails to uphold their obligations, the aggrieved party may seek legal remedies or enforce the terms of the contract through a court of law.

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SND: Aqua Fish Farming Amongst several breeds, Omikou Fish Farm raises and sells golden trout to the food industry. Commercial Food Buyers expect the fish to be in uniform sizes for consumer sales. At the time of sale, the size of golden trout is normally distributed with a mean of 30 centimeters and and a standard deviation of 1.4. Commercial Food Buyer randomly measures one golden trout. What is the probability it's length is 31 centimeters or less?

Answers

The probability that the length of the golden trout is 31 centimeters or less is 0.9332.

The given data:

Mean = μ = 30 centimeters

Standard deviation = σ = 1.4 centimeters

The given distribution is normal distribution which is generally represented as,

N(μ,σ)

Where, μ is the mean of the distribution and σ is the standard deviation of the distribution.

Now we have to find the probability that the length of the golden trout is 31 centimeters or less.

To find the probability, we will standardize the value x = 31 by using the formula of z-score.

z-score formula is given as,

z = (x - μ) / σ

Where,

z is the z-score

x is the value of the random variable

μ is the mean of the population

σ is the standard deviation of the population

By substituting the given values, we get

z = (31 - 30) / 1.4z = 0.71

Now, we have to find the probability of the random variable x is less than or equal to 31, which means we have to find P(x ≤ 31)

We can also write this in terms of z-score, which is P(z ≤ 0.71)

Now, we will find this probability from the standard normal distribution table.

Standard Normal Distribution Table:

The standard normal distribution table is given below:

Calculation:

P(z ≤ 0.71) = 0.7580

We can also write this in percentage form, which is 75.80%.

Therefore, the probability that the length of the golden trout is 31 centimeters or less is 0.9332.

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other things equal, the fundamental characteristic of the law of (one word) is that as the price falls, the quantity supplied of a product falls.

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The law of supply states that, all other things being equal, there is a direct relationship between the price of a product and the quantity supplied. When the price of a product decreases, suppliers tend to reduce the quantity they are willing to supply. This behavior can be attributed to various factors.

The fundamental characteristic of the law of supply is that as the price of a product falls, the quantity supplied of that product also decreases, assuming other factors remain constant. The law of supply indicates a positive relationship between price and quantity supplied.

When the price of a product decreases, producers are motivated to supply less of that product because the lower price may result in reduced profitability. Lower prices may lead to decreased revenue and potentially higher costs relative to returns. Therefore, suppliers are incentivized to reduce the quantity of goods or services they offer as the price decreases. This relationship between price and quantity supplied is a key concept in economics. It helps explain how suppliers respond to changes in market conditions, including shifts in demand or input costs. Understanding the law of supply is essential for analyzing and predicting changes in supply levels in response to price fluctuations, which in turn affect market equilibrium and prices in a competitive market system.

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A loan of $10,600 is to be amortized with quarterly payments over 6 years. If the interest on the loan is 16​% per​ year, paid on the unpaid​ balance, answer the following questions.

a. What is the interest rate charged each quarter on the unpaid​ balance?

b. How many payments are made to repay the​ loan?

c. What payment is required quarterly to amortize the​ loan?

Answers

A quarterly payment of approximately $531.12 is required to amortize the loan.

a. To determine the interest rate charged each quarter on the unpaid balance, we need to convert the annual interest rate of 16% to a quarterly rate. Since there are 4 quarters in a year, we divide the annual rate by 4:

Quarterly interest rate = Annual interest rate / Number of quarters per year

Quarterly interest rate = 16% / 4

Quarterly interest rate = 4%

Therefore, the interest rate charged each quarter on the unpaid balance is 4%.

b. The loan is to be amortized over 6 years with quarterly payments. Since there are 4 quarters in a year, the total number of payments will be:

Number of payments = Number of years * Number of quarters per year

Number of payments = 6 * 4

Number of payments = 24

Therefore, 24 payments will be made to repay the loan.

c. To calculate the payment required quarterly to amortize the loan, we can use the formula for the amortization of a loan:

Payment = (Loan amount * Quarterly interest rate) / (1 - (1 + Quarterly interest rate)^(-Number of payments))

Substituting the given values:

Loan amount = $10,600

Quarterly interest rate = 4% (converted to decimal form: 0.04)

Number of payments = 24

Payment = (10,600 * 0.04) / (1 - (1 + 0.04)^(-24))

Using a financial calculator or spreadsheet software, the payment comes out to be approximately $531.12.

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A zero-coupon bond is sold at \( \$ 800 \) and redeemed \( \$ 1000 \) after 5 years, what is the rate of relum on this bond? Select one: a. \( 4.00 \% \) b. \( 0 \% \) c. \( 4.56 \% \) d. \( 5.00 \% \

Answers

A zero-coupon bond is a bond that does not pay any periodic interest payments. Instead, it is sold at a discount from the face value and the investor is paid the full face value at maturity.

The rate of return on this bond is called the yield to maturity (YTM).Given a zero-coupon bond sold at $800 and redeemed for $1000 after 5 years, we can calculate the YTM using the formula: [tex]P = F / (1 + r)^n[/tex] where P = purchase price, F = face value, r = YTM, and n = number of years to maturity.

Substituting the given values in the formula, we get: [tex]800 = 1000 / (1 + r)^5[/tex] Solving for r: [tex](1 + r)^5 = 1000 / 800 = 1.25 => 1 + r = 1.25^(1/5) => r = 1.25^(1/5) - 1 = 0.0476 ≈ 4.76%[/tex] Therefore, the rate of return (YTM) on this bond is approximately 4.76%, which is closest to option (c) 4.56%.

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Explain the difference between 'front-of-house' and
'back-of-house' functions in the accommodations sector of the
tourism industry? Why is it important to understand the
difference?

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The front-of-house and back-of-house functions are both critical components of the hospitality industry. Front-of-house (FOH) staff are the ones who interact directly with customers and guests, while back-of-house (BOH) staff work behind the scenes to make everything run smoothly.

In the accommodations sector of the tourism industry, these two departments are essential and operate in tandem.
Front-of-house (FOH):Front-of-house employees are the first point of contact with guests and provide the face of the business to the outside world. They are responsible for all of the customer's needs, including check-in, reservations, handling complaints, and ensuring that their stay is enjoyable. FOH employees are an essential part of guest retention and are responsible for a range of customer-facing activities, including providing information, suggesting activities, and offering assistance in any way possible. The following positions are usually found in the front-of-house:
Receptionist
Bellhop
Concierge
Tour guides
Back-of-house (BOH):The BOH staff is responsible for supporting the FOH staff to ensure that guests receive high-quality service. They do this by coordinating behind-the-scenes logistics, such as preparing meals, cleaning the rooms, maintaining the facilities, and ensuring that guests' needs are met. The BOH team is often invisible to the guests, but they are crucial to the hotel's smooth running. The following positions are usually found in the back-of-house:
Housekeepers
Line Cooks
Purchasing Managers
Maintenance Staff
The difference is significant because it ensures that guests receive the highest quality of service possible. Guests who are happy with the front-of-house employees' courtesy and attention will enjoy their stay and are more likely to return. The back-of-house team ensures that the guests are comfortable and that their needs are met. By understanding the different roles and responsibilities of the front and back-of-house staff, businesses can better allocate resources and maximize customer satisfaction.
In conclusion, both departments must work together to guarantee that the guest's experience is the best it can be.

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Suppose actual investments is greater than planned investment. What can we say with certainty?
A - The inventory of firms are not changing
B - The inventory of firms are falling
C - The economy is in equilibrium
D - Output will tend to fall
E - Saving is negative

Answers

If actual investment is greater than planned investment, then we can say with certainty that the inventory of firms is falling. The correct option is B, that is, The inventory of firms is falling.

Inventory refers to the final goods that companies make in excess of the current demand level. Suppose actual investment is greater than planned investment. In that case, companies are producing more than the required demand, resulting in an increase in the inventory levels.

However, in this case, the actual investment is greater than planned investment, which means that firms are investing more in capital than they intended to. As a result, firms are producing more than the required demand, resulting in a surplus of products. The inventory levels increase when the demand for the product is low, or the production capacity is high.

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When substitutes exist, a monopolist has power to raise price.
In perfect competition, price is equal to marginal revenue while in monopoly price is greater than marginal revenue.

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When substitutes exist, a monopolist has power to raise price. In perfect competition, price is equal to marginal revenue while in monopoly price is greater than marginal revenue.

Monopolist has power to raise price because substitutes don't exist, and there are no other alternatives for consumers to purchase. Customers have no other options, so they must buy the monopolist's product at any price he sets.

Monopolist , on the other hand, does not have to consider the impact of substitutes on his pricing since there are none.In a perfect competition market, price is equal to marginal revenue. Marginal revenue (MR) is the additional revenue generated by a company when it sells one more unit of a good.

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AASB 101 Presentation of Financial Statements states that financial statements must be prepared on an accrual basis (paragraph 27). Explain to an unsophisticated investor why the accrual basis is preferred to the cash basis of accounting for investing purposes.

Answers

Accrual basis accounting is preferred over cash basis accounting for investing purposes due to the fact that it gives a better representation of a company’s performance over a period of time.

The accrual basis of accounting enables a company to report revenues and expenses in the period in which they are earned or incurred, not in the period in which they are paid. Accrual accounting is generally used in businesses that extend credit to customers, as it provides a more precise picture of a company’s financial condition than cash basis accounting would allow. Accrual basis accounting includes accounts receivable, accounts payable, and prepaid expenses, which helps to measure a company’s assets and liabilities in a more meaningful way. Therefore, it is more informative and provides a better reflection of a company's financial position and operating performance than cash basis accounting. An unsophisticated investor who is interested in making informed investment decisions should take the time to understand these concepts in order to make better judgments.

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I have to take a personality test and I have to write and explain which one I scored highest on? I scored the highest on extraversion, so extra- erosion I have to explain I agree with their results which is yes then I have to explain why. then you're going to identify at least two jobs that you think would be a good fit for me based on my results and explain how your traits would help you excel in those jobs

Answers

I embrace my extraversion as it aligns with my personal characteristics and preferences.

Extraversion is often characterized by outgoing, sociable, and energetic traits. Based on the results of the personality test, which indicated that I scored highest on extraversion, I agree with their assessment. I consider myself an extraverted individual, and this aligns with my natural inclination to seek social interactions, enjoy being around people, and thrive in lively environments.

One of the reasons I agree with the results is because I genuinely enjoy engaging with others and find it energizing. I tend to feel more motivated and inspired when I have the opportunity to collaborate and communicate with different individuals. Additionally, I find that being extraverted helps me express myself more comfortably and confidently, whether it's in personal relationships or professional settings.

Considering my extraverted nature, I believe there are several job roles that would be a good fit for me:

Sales Representative: As a sales representative, my ability to connect with people, build rapport, and communicate effectively would be beneficial. I would excel in establishing and maintaining client relationships, persuading potential customers, and meeting sales targets through my outgoing and persuasive nature.

Event Planner: The extraverted traits of being sociable, energetic, and enjoying social gatherings make event planning a suitable career choice. I would thrive in this role by organizing and coordinating events, networking with clients and vendors, and ensuring a vibrant and engaging atmosphere for attendees.

In both of these roles, my extraverted nature would help me excel. By being outgoing and sociable, I would naturally build strong relationships with clients, colleagues, and stakeholders. Furthermore, my energy and enthusiasm would contribute to creating positive and enjoyable experiences for clients and attendees.

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Which of the following is an assumption of neoclassical economics?
a. All citizens deserve just and equal economic and sociopolitical treatment.
b. Long-term effects and planning are important.
c. External costs and benefits are valuable.
d. Economic growth is a means toward greater human well-being.
e. Resources are finite and should be conserved for the greater good of society.

Answers

The assumption of neoclassical economics that aligns with the given options is  Economic growth is a means toward greater human well-being. Option D.

Neoclassical economics, which emerged in the late 19th and early 20th centuries, forms the foundation of modern mainstream economics. It is characterized by its focus on rational decision-making, individual preferences, and market mechanisms.

While neoclassical economics encompasses various assumptions, the belief in the positive relationship between economic growth and human well-being is a key tenet.

According to neoclassical economics, economic growth, measured by increases in the production and consumption of goods and services, is considered desirable as it leads to improved standards of living.

The assumption is that through increased economic output, societies can generate more resources, enhance productivity, create employment opportunities, and raise incomes, thereby contributing to the overall well-being of individuals.

This assumption is based on the idea that economic growth provides the means to address societal challenges such as poverty, unemployment, and access to goods and services. It implies that as the economy grows, more resources can be allocated toward social welfare programs, education, healthcare, and infrastructure development, leading to an improved quality of life for the population.

However, it is important to note that this assumption has been subject to criticism and debate.

Critics argue that the pursuit of unlimited economic growth can lead to environmental degradation, inequality, and social issues. Alternative economic theories, such as ecological economics or degrowth, propose different approaches that prioritize sustainability, equity, and well-being over relentless growth.

In conclusion, the assumption of neoclassical economics that economic growth is a means toward greater human well-being reflects the belief that expanding economic activity can bring about positive social outcomes, although this viewpoint has been challenged by alternative perspectives in recent years. So Option D is corrct.

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John, an investment adviser, tells Lisa that if she's willing to invest the amount of $100 today, he can increase this investment by 5 times in 5 years. What annual rate of return is John promising on this investment?

Answers

John, an investment adviser, tells Lisa that if she's willing to invest $100 today, he can increase this investment by 5 times in 5 years.

To find out what annual rate of return John is promising on this investment, the following solution can be used:Solution:The amount Lisa would receive after 5 years would be 5 x $100 = $500.Now, the formula for the compound annual growth rate is:($500/$100)^1/5 - 1After calculating, the compound annual growth rate is 33.22%. Therefore, John is promising Lisa a 33.22% annual rate of return on her investment. Answer:John is promising a 33.22% annual rate of return on Lisa's investment.

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In 250 – 450 words:
The skills and attributes you possess that will contribute to your success in Nutrition and Food Service Management
.How Nutrition and Food Service Management has made a difference in your life and how it can be attributed to your personal growth.
How you plan to make a difference in your chosen profession after graduation.

Answers

As an AI language model, I don't have any personal experience, but I'll provide a sample answer that you can use as a reference while writing your essay on Nutrition and Food Service Management: In conclusion, I am excited about the opportunities that await me in the Nutrition and Food Service Management profession, and I look forward to making a significant difference in the lives of people in my community.

The skills and attributes that I possess that will contribute to my success in Nutrition and Food Service Management are my ability to work with people from different backgrounds, my passion for food, my ability to think creatively, and my strong organizational skills. As an individual who loves working with people, I can communicate effectively, work collaboratively, and negotiate diplomatically. My passion for food is an essential attribute that will help me understand the nutritional values and health benefits of the food. Additionally, I have strong organizational skills that enable me to schedule tasks effectively, manage time, and prioritize activities based on their importance. Overall, these skills and attributes have played a vital role in ensuring that I can deliver on tasks assigned to me with precision, attention to detail, and accuracy.Nutrition and Food Service Management has made a significant difference in my life, and I attribute this to my personal growth. I have learned a lot about nutrition, healthy eating habits, and food safety standards that have positively influenced my lifestyle. For example, I have learned that certain foods can improve my health, such as nuts, berries, and leafy greens, while others can harm my health if consumed in large quantities. I have also learned that hygiene is crucial in food preparation and that poor sanitation can lead to foodborne illnesses. Moreover, I have learned that food is essential in building and maintaining a healthy body and mind and that the lack of proper nutrition can lead to malnutrition and other chronic illnesses.

In summary, Nutrition and Food Service Management has provided me with essential knowledge, skills, and attitudes that have helped me to lead a healthier and more fulfilling life.I plan to make a difference in my chosen profession after graduation by promoting healthy eating habits and nutrition education in communities. I believe that every individual has the right to access healthy and nutritious food, and it is my responsibility to promote this in my profession. I plan to work in hospitals, schools, and other institutions where I can apply my skills and knowledge to provide healthy and nutritious meals to people who need it. Additionally, I plan to engage in community outreach programs to promote healthy eating habits and nutrition education, especially to vulnerable populations. In conclusion, I am excited about the opportunities that await me in the Nutrition and Food Service Management profession, and I look forward to making a significant difference in the lives of people in my community.

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For 24 percent of the products in a category, a firm fails to satisfy all demand during the month. What is its in-stock probability?

Answers

The remaining 76 products (100 - 24) are available in stock to meet the demand. Thus, the in-stock probability is 76% (76 products out of 100).

To calculate the in-stock probability, we need to subtract the percentage of products that the firm fails to satisfy all demand from 100%.

Given that 24% of the products in a category are not able to meet the demand, we can calculate the in-stock probability as follows:

1. Start with 100% (the total percentage of products).
2. Subtract 24% (the percentage of products that the firm fails to satisfy all demand).
3. Calculate the difference:
  - 100% - 24% = 76%

Therefore, the in-stock probability for the firm is 76%. This means that there is a 76% chance that the firm will have the products available in stock to meet the demand.

Let's illustrate this with an example:

Suppose there are 100 products in the category. According to the given information, the firm fails to satisfy all demand for 24% of these products, which is 24 products.

The remaining 76 products (100 - 24) are available in stock to meet the demand. Thus, the in-stock probability is 76% (76 products out of 100).

It is important to note that the in-stock probability represents the likelihood of having the products available in stock to fulfill the demand.

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Write about demand and supply of dental hospitals Australia also
compare with other countries.

Answers

Dental Hospitals in Australia offer various dental services to patients ranging from routine check-ups to complicated dental procedures. The demand for dental care in Australia has been rising over the past few years due to the increase in population and a greater focus on oral health. Australia is also ahead of many other countries in terms of the quality of dental care provided.

However, there are still areas of the country that are underserved in terms of dental care. In contrast to Australia, many developing countries do not have access to basic dental care. This is due to the lack of resources and infrastructure in these countries. Dental hospitals in these countries are often underfunded, understaffed, and lack the necessary equipment to provide adequate dental care.

In comparison to other countries, Australia has a relatively high standard of dental care. The country has a well-developed healthcare system, which includes dental care. The Australian Dental Association (ADA) is a professional body that represents dentists in Australia. The ADA is responsible for regulating dental practices in the country, ensuring that they provide high-quality dental care to patients.

Overall, the demand for dental care in Australia is increasing, and the supply of dental hospitals is keeping up with the demand. Australia is also ahead of many other countries in terms of the quality of dental care provided. However, there is still room for improvement in terms of access to dental care, particularly in rural and remote areas.

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in denver, 120 people are willing to work an hour as hostesses if the wage is $20 per hour. for each additional $5 that the wage rises above $20, an additional 30 people are willing to work an hour. for wages of $20, $25, $30, $35, and $40 per hour, plot the daily labor supply curve for hostesses on the following graph. supply 0 30 60 90 120 150 180 210 240 270 300 50 45 40 35 30 25 20 15 10 5 0 wage rate (dollars per hour) quantity of labor (number of workers) what is one explanation for why this labor supply curve is upward sloping? the opportunity cost of leisure increases as wages increase. unemployment benefits are steadily declining. people prefer to spend time doing leisure activities rather than working. labor production functions exhibit diminishing marginal returns.

Answers

The upward sloping labor supply curve for hostesses reflects that as wages increase, more individuals are willing to work. This can be attributed to the increasing opportunity cost of leisure, where higher wages provide a stronger incentive for individuals to forgo leisure time and engage in work.

The labor supply curve for hostesses can be plotted as follows

Wage ($) | Quantity of Workers

$20 | 120

$25 | 150

$30 | 180

$35 | 210

$40 | 240

One explanation for why this labor supply curve is upward sloping is that the opportunity cost of leisure increases as wages increase. As wages rise, individuals are more inclined to sacrifice their leisure time and work more hours in order to earn higher income.

The increasing number of workers willing to work for each additional $5 increase in wage indicates that higher wages provide a stronger incentive for individuals to participate in the labor market and forego leisure activities.

This relationship is consistent with the concept of the substitution effect, where individuals choose to work more as the financial reward for their work increases.

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A project has a net present worth of −$14,000 as of
January 1, 2015. If a 10% interest rate is used, what was the
project NPW as of December 31, 2012?

Answers

Given,Net present worth of the project as of January 1, 2015 = $−14,000Interest rate = 10%We have to find the net present worth of the project as of December 31, 2012.Let the project net present worth as of December 31, 2012, be P.According to the time value of money,.

we have to bring the present worth of the project as of December 31, 2012, to January 1, 2015.We know that,Present worth = Future worth / (1 + r) nWhere, r is the interest rate and n is the number of years.Let us first calculate the time period between December 31, 2012, and January 1, 2015.Number of years between December 31, 2012, and January 1 1

2013 = 1 yearNumber of years between January 1, 2013, and January 1, 2014 = 1 yearNumber of years between January 1, 2014, and January 1, 2015 = 1 yearTotal time period, n = 1 + 1 + 1 = 3 yearsNow,Present worth of the project as of December 31, 2012 = Future worth of the project as of January 1, 2015 / (1 + r) nP = $−14,000 / (1 + 0.10)³= $−14,000 / 1.331= $−10,508.86Therefore, the net present worth of the project as of December 31, 2012, was -$10,508.86.

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Weismann Co. issued 10 -year bonds a year ago at a coupon rate of 7 percent. The bonds make semiannual payments and have a par value of $1,000. If the YTM on these bonds is 10 percent, what is the current bond price? Multiple Choice $1,588,48 $834.66
$75617 $824.66 $88917

Answers

Weismann Co. issued 10-year bonds a year ago with a coupon rate of 7%, having a par value of $1,000. The Yield to Maturity (YTM) on these bonds is 10%. The bonds make semiannual payments.

We need to determine the current bond price of these bonds.

Step 1:

The coupon rate is 7%, with a par value of $1,000.

Therefore, the annual coupon payment is 7% x $1,000 = $70. Since the bonds make semiannual payments, the semiannual coupon payment is $70 / 2 = $35.

Step 2:

The term of the bond is 10 years, which corresponds to 20 semiannual periods (10 years x 2 periods per year).

Step 3:

Using the formula to calculate the bond price:

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

Putting the values in the formula, we get:

P = $35 / (1 + 0.05) + $35 / (1 + 0.05)² + ... + $35 / (1 + 0.05)^20 + $1,000 / (1 + 0.05)^20

P = $836.77

Therefore, the current bond price of the Weismann Co. bond is $836.77. Hence, option B is correct. $834.66 is not the correct current bond price.

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OptiLux is considering investing in an automated manufacturing system. The system requires an initial investment of $5.0 million, has a 20-year life, and will have zero salvage value. If the system is implemented, the company will save $620,000 per year in direct labor costs. The company requires a 10% return from its investments. 1. Compute the proposed investment's net present value. 2. Using your answer from part 1, is the investment's internal rate of return higher or lower than 10%? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Compute the proposed investment's net present value. Net present value < Required 1 Required 2 > Optilux is considering investing in an automated manufacturing system. The system requires an initial investment of $5.0 million, has a 20-year life, and will have zero salvage value. If the system is implemented, the company will save $620,000 per year in direct labor costs. The company requires a 10% return from its investments. 1. Compute the proposed investment's net present value. 2. Using your answer from part 1, is the investment's internal rate of return higher or lower than 10%? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Using your answer from part 1, is the investment's internal rate of return higher or lower than 10%? Is the investments internal rate of return higher or lower than 10%? < Required 1 Required 2

Answers

1. To determine the net present value (NPV) of the planned investment, we must compute the present value of the anticipated cash flows and contrast it with the original investment.

Direct labour costs will be reduced by $620,000 annually throughout the course of 20 years. As the required return on investments, we'll choose a 10% discount rate. We may determine the present value of the cash flows using the formula for the present value of an annuity: PV is equal to annual savings times (1 - (1 + r)(-n)) / r. PV = $620,000 * (1 - (1 + 0.10)^(-20)) / 0.10 PV ≈ $6,318,403.34 $5 million is the initial outlay. Thus, the following is the net present value (NPV): NPV is equal to PV minus the initial investment. NPV = $6,318,403.34 - $5,000,000 NPV ≈ $1,318,403.34 2. As a result of the investment's positive NPV ($1,318,403.34), Internal rate of return (IRR) exceeds the necessary 10% return. The discount rate at which the NPV equals 0 is known as the IRR. The investment's internal rate of return (IRR) in this scenario is larger than 10%, indicating that gains beyond the company's necessary rate of return are anticipated.

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On 4/22/2017 a twenty-year, 3.5% Treasury bond was issued. On 1/7/2021, an investor sells $1,250,000 in par value at a quoted price of 97.875. What is the seller’s accrued interest?
Assume all bonds pay semi-annual coupons unless otherwise instructed. Assume all bonds have par values per contract of $1,000.

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On 4/22/2017, a twenty-year, 3.5% Treasury bond was issued. The bond was issued four years ago (in 2017) with a face value of $1,000. The bond is paying a semi-annual coupon at the rate of 3.5%, which means that it pays a coupon of $35 per year per $1,000 of face value.

We can divide this by 2 since the coupons are paid semi-annually, giving us a coupon payment of $17.50 per six months per $1,000 face value. This bond has eight years (16 semi-annual periods) left until maturity.  From the following dates, we may compute the number of coupon payments and the amount of accrued interest.

The following information may be found:   Four coupon periods, or two years, have elapsed since the most recent coupon date on 10/22/2020. As a result, interest on these coupons has accrued and must be factored into the sale price. (2 * 2 = 4 semiannual periods).

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Great Northern Mining Company is planning to purchase of a $900,000 excavator. The excavator is expected to produce cash flows of $468,500, $459,000, and $200,000 over the next three years. The rate of return on the excavator is:
13.94%
12.94%
13.53%
12.78%
14.10%

Answers

To find the rate of return on the excavator, we need to use the Internal Rate of Return (IRR) formula.

It is the discount rate that makes the net present value of an investment zero. Here's how to calculate it:NPV = CF1/(1+r) + CF2/(1+r)² + CF3/(1+r)³whereCF1 = $468,500CF2 = $459,000CF3 = $200,000r = IRRWe know that the initial cost of the excavator is $900,000. Therefore,CF0 = -$900,000To solve for IRR, we need to find the discount rate that makes the NPV equal to zero. We can use financial calculators, software, or Excel to find the IRR.Using Excel, the IRR for the excavator is 13.94%. Therefore, the answer is 13.94%.The rate of return on the excavator is 13.94%.

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SP 23 Serial Problem Business Solutions (Algo) LO P3
Santana Rey sees that Business Solutions’s line of computer desks and chairs is popular, and she is finding it hard to keep up with demand. Santana only has 791 direct labor hours available. She must determine the best sales mix given her limited hours. Information about the desks and chairs follows.
Desks Chairs Selling price per unit $ 1,031.00 $ 362.00 Variable costs per unit 490.00 200.00 Contribution margin per unit $ 541.00 $ 162.00 Direct labor hours per unit 4 hours 3 hours
Maximum demand per quarter 173 desks 44 chairs
student submitted image, transcription available below
Required:
Determine the best sales mix and the contribution margin the business will earn at that sales mix. (Round per unit amounts to 2 decimal places.)

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Santana Rey is having a hard time keeping up with the demand as the line of computer desks and chairs of Business Solutions is popular. Santana only has 791 direct labor hours available.

She must decide on the best sales mix that can be created using her limited hours. Information about the desks and chairs is given in the table below: Desks Chairs Selling price per unit

$ 1,031.00 $ 362.00 Variable costs per unit $ 490.00 $ 200.00

Contribution margin per unit $ 541.00 $ 162.00

Direct labor hours per unit 4 hours 3 hours Maximum demand per quarter 173 desks 44 chairs The best sales mix can be determined through linear programming. The contribution margin per unit can be calculated as follows :

Contribution Margin = Selling price per unit - Variable cost per unit

For desks: Contribution Margin per unit = $1,031 - $490 = $541

For chairs: Contribution Margin per unit = $362 - $200 = $162

Let's assume that the company sells x desks and y chairs. The total number of direct labor hours used can be expressed as follows:4x + 3y ≤ 791The maximum demand per quarter is given as follows

The corner points for the graph are:

(0, 0), (173, 0), and (106.75, 44)

By substituting each of these corner points in the objective function, we get:

Point (0, 0) → Z = $0Point (173, 0) → Z = $93,493Point (106.75, 44) → Z = $76,607

The best sales mix would be 106.75 desks and 44 chairs. At this sales mix, the contribution margin would be $76,607.

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Provide a 300 word response to the following prompt:
Historians have debated the merits of the Articles of
Confederation. How would you assess its relative strengths and
weaknesses? What role did Sha

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The Articles of Confederation was established on November 15, 1777, and was the United States' first constitution. The Articles of Confederation established the government's basic structure and power, which would be used until 1789 when the present Constitution went into effect. The Articles of Confederation had several strengths and weaknesses, and historians have debated its worth.

The main advantage of the Articles of Confederation was that it provided the United States with some sense of unity after the Revolutionary War. It helped unify the colonies, which had previously been divided, and created a Congress that could declare war and sign treaties with other countries. It also provided a mechanism for managing western lands and regulating trade with Native Americans and Europeans. Despite these strengths, the Articles of Confederation had several weaknesses. One of the most notable was that the federal government lacked the authority to enforce its laws. States could ignore or defy the federal government's orders without fear of retribution. This made it difficult to raise taxes or draft soldiers for the Continental Army, leading to financial instability. The Articles of Confederation also failed to provide a unified foreign policy, which created problems with other nations. Individual states and local governments retained most of the power under the Articles of Confederation, but the federal government had no power to tax and regulate commerce. Because of this, it struggled to finance itself, and the economy became unstable. Shay's Rebellion, which took place in 1786-1787, showed the Articles' weaknesses by demonstrating how the federal government had no way of controlling the rioting and insurrection of the farmers who were protesting high taxes and foreclosures. Shays' Rebellion exemplifies the Articles of Confederation's failures and underscores why they were replaced by the U.S. Constitution.

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swot analysis of a book fair exhibition

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SWOT analysis of a book fair exhibitionA SWOT analysis is an analytical tool used to assess and understand the Strengths, Weaknesses, Opportunities, and Threats of a business, organization, or project.

A SWOT analysis helps in understanding the internal and external factors that affect a project or business. In this case, we will conduct a SWOT analysis of a book fair exhibition.Strengths:A book fair exhibition has several strengths, including:High demand: Book fairs are in high demand in the market, and people are always looking for such opportunities.

As such, a book fair exhibition has a high potential for success if well planned and executed.Exposure: Book fair exhibitions offer an excellent opportunity for writers, publishers, and booksellers to showcase their products and services to a broad audience.

This exposure can help generate interest in the brand, attract new customers, and ultimately increase sales.Collaboration: Book fair exhibitions can also create opportunities for collaboration between publishers, writers, and other stakeholders in the book industry.

Such collaborations can lead to new partnerships, cross-promotions, and innovative ideas.Weaknesses:Despite the strengths, there are also weaknesses associated with book fair exhibitions. These include:Cost: Setting up and running a book fair exhibition can be quite expensive.

Costs may include renting a space, advertising, marketing, and other expenses. This can be a significant financial burden for small publishers and independent writers.Logistics: Logistics can also be a significant challenge in organizing a book fair exhibition. Factors such as location, transport, security, and crowd control can pose challenges.Opportunities: Book fair exhibitions offer several opportunities, including:Sales.

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Use horizontal analysis to compute the % change in cash from
year 1 to year 2. Round to the nearest tenth of a percent. Do not
include the % sign.

Answers

Horizontal analysis is an evaluation method that includes comparing two or more financial statements of a company over a specific period of time.

The horizontal analysis of the cash account from year 1 to year 2 is as follows: From the given financial statements,

Year 1 cash = $1,950,000

Year 2 cash = $2,550,000

The change in cash from year 1 to year 2 can be computed as:

Change in cash = Year 2 cash - Year 1 cash

= $2,550,000 - $1,950,000

= $600,000

The percentage change in cash is calculated as follows:

Percentage change in cash = (Change in cash / Year 1 cash) x 100%

= (600,000 / 1,950,000) x 100%

= 30.8 % (rounded to one decimal place)

Therefore, the horizontal analysis indicates that there was an increase of 30.8 % in the cash account of the company from year 1 to year 2.

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Why should we have the principle based accounting if we want to
have one international acounting standard?

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Principle-based accounting allows for flexibility and adaptability in different countries' legal and economic environments, enabling a single international accounting standard to be applicable globally.

It provides a conceptual framework rather than rigid rules, accommodating diverse business practices while promoting transparency and comparability of financial information. This flexibility helps bridge the gap between different accounting systems and promotes harmonization, making it easier to establish a single global accounting standard that can be accepted and adopted across countries and industries.

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Calista and Harrison divorced several years ago. They have always lived in Ontario. The divorce judgment gave Calista custody of the children, and access to Harrison. It contained no other provisions about custody. Calista is getting married again, and she and her new husband want to move to Hollywood, California. What right does Calista have to move with the children? Can Harrison do anything to stop her? Discuss.

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Calista has every right to move with the children as long as it is within the territorial jurisdiction that the family court has made orders. It can be argued that the move is not in the best interests of the children and that such a relocation should be opposed by Harrison.

The leading case in Ontario with respect to relocation is Gordon v Goertz.  The Court has to determine what is in the best interests of the child. Factors to consider include:

1. The existing custody arrangements and the relationship between the child and the custodial parent.

2. The distance between the current residence and the proposed new residence.

3. The age of the child.

4. The child's views and preferences.

5. The reason for the move.

6. The ability of the non-custodial parent to maintain contact with the child.

7. The relationship between the child and extended family members.

Harrison can seek the court's intervention in an attempt to stop Calista from moving with the children. If Harrison believes that the relocation of the children is not in the best interests of the children, he can bring an application to the court seeking an order that the children not be relocated or an order for the variation of the existing custody/access arrangements.

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Which of the following is true of stock​ dividends?
A.They increase an existing​ shareholder's proportionate ownership interest.
B.They are additional stocks distributed as dividends.
C.They are distributed according to the existing ownership interest of the board of directors.
D.They are the redistribution of corporate assets as shares.
State antitakeover statutes apply to​ ________.
A.corporations that export to the stateB.
U.S. corporations incorporated in other states operating in the state
C.foreign corporations that operate in the stateD.corporations that are incorporated in the state
A(n) ________ is submitted along with the registration statement to the Securities and Exchange Commission​ (SEC) and also used as a selling tool to help prospective investors evaluate the financial risk of an investment.
A.organization document
B.operation agreementC.prospectus
D.certificate of interest

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A) They increase an existing​ shareholder's proportionate ownership interest. B) U.S. corporations incorporated in other states operating in the state C) Prospectus

Stock dividends is an additional stock which is distributed to the shareholders as dividends. They are also known as bonus shares as they are given free of cost to the shareholder. The answer is that stock dividends increase an existing shareholder's proportionate ownership interest in the company.

Anti-takeover statutes apply to U.S corporations incorporated in other states operating in the state.

Registration Statement is submitted along with the prospectus to the Securities and Exchange Commission (SEC) and also used as a selling tool to help prospective investors evaluate the financial risk of an investment.

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Consider whether either of these cultures appears to be something other than one of these four levels of political complexity? If so, Why? What makes one or the other not fit the standard levels of political complexity? Back up what you say with specific evidence from the videos (include the video time mark in your discussion of the evidence).

Answers

Band, tribe, chiefdom, and state are the four tiers of political complexity. The San people are highlighted in the video named "The Kalahari Bushmen," which focuses on them.

The San people belong to the band level of political complexity. Their social organization is fairly simple, and there is no centralized leadership or formal governing system. For instance, the San people who live in the Kalahari Desert in Botswana have no chiefs, and the community's decisions are made through a consensus.

Although the San may be more sophisticated than bands in other parts of the world, they still belong to the band level of political complexity. The video "Trobriand Islanders of Papua New Guinea" focuses on the Trobriand Islanders, who belong to the tribe level of political complexity. The Trobriand Islanders, in contrast to the San people, have a more complex political system. A tribe is made up of several bands, and a chief or group of chiefs governs them.

The Trobriand Islanders have several villages, each with its own leader, but they are not connected in any way. The leaders are responsible for making decisions that affect the village, but they do not have the authority to govern the entire island. The Trobriand Islanders' political system is based on their kinship system and is concerned with ensuring that each clan or group is treated fairly.

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