Answer: The correct answer is "It would be more efficient for society to devote more resources to the production of beer.".
Explanation: If 4 million kegs of beer are sold,MC exceeds MB , which means that: It would be more efficient for society to devote more resources to the production of beer.
When producing 4 million barrels of beers, resources are not being used optimally, so more resources must be produced, so that resources can be used more efficiently (allocating less alternative resources).
When MC exceeds MB in selling 4 million kegs of beer, it would be more efficient to devote fewer resources to beer production.
Explanation:When MC (Marginal Cost) exceeds MB (Marginal Benefit) in the context of selling 4 million kegs of beer, it means that it would be more efficient for society to devote fewer resources to the production of beer. This is because the additional costs of producing each additional keg of beer outweigh the additional benefits gained from selling it. By reducing resources allocated to beer production, society can allocate those resources to other industries where the marginal benefit exceeds the marginal cost.
Learn more about Efficiency of resource allocation here:https://brainly.com/question/34390704
#SPJ3
Asset allocation is important to help diversify a portfolio but has little impact on the portfolio's return.
True/False
The given statement is false
Explanation:
Asset allocation is an important because it is an investment strategy in which there will be risks involving the tolerance the goal and the investment of the time frame and the main focus will be done on the characteristics of the portfolio
All the risks and the rewards will be balanced by using the percentage of investment in each assets and also by adjusting the investments and the percentage so the given statement is false
The strategic planning process for an information technology organization and the factors that influence it depend on:
Answer:
The correct answer is letter "A": how the organization is perceived by the rest of the organization.
Explanation:
Information Technology (IT) companies could be a cost center-service provider, or a business partner-business peer business. Thus, the perception of different departments on regards which path the organization should take to handle heir business will definitely influence the information planning process of the firm.
Classify each cost as being either variable or fixed with respect to the number of units produced and sold. Also classify each cost as either a period or a product cost.1. Hamburger buns in a Wendy's outlet. 2. Advertising by a dental office. 3. Apples processed and canned by Del Monte. 4. Shipping canned apples from a Del Monte plant to customers. 5. Insurance on a Bausch & Lomb factory producing contact lenses. 6. Insurance on IBM's corporate headquarters. 7. Salary of a supervisor overseeing the production of printers at Hewlett-Packard. 8. Commissions paid to automobile salespersons. 9. Depreciation of factory lunchroom facilities at a General Electric plant. 10. Steering wheels installed in BMWs.
Answer:
1. Hamburger buns in a Wendy's outlet. (Variable) (Product)
2. Advertising by a dental office. (Fixed) (Period)
3. Apples processed and canned by Del Monte. (Variable) (Product)
4. Shipping canned apples from a Del Monte plant to customers. (Variable) (Period)
5. Insurance on a Bausch & Lomb factory producing contact lenses. (Fixed) (Product)
6. Insurance on IBM's corporate headquarters. (Fixed) (Period)
7. Salary of a supervisor overseeing the production of printers at Hewlett-Packard. (Fixed) (Product)
8. Commissions paid to automobile salespersons. (Variable) (Period)
9. Depreciation of factory lunchroom facilities at a General Electric plant. (Fixed) (Product)
10. Steering wheels installed in BMWs. (Variable) (Product)
Explanation:
Fixed Cost: Fixed, and does not depend on production.
Variable Cost: Not fixed and varies according to production
Product Cost: Directly attributable to Product e.g. Direct Material, Direct Labour,etc.
Period Cost: Revenue expenditure, spread through time.
Many of the common items that you use everyday are manufactured in Asia. If the H-O model applies, what would account for this?
Group of answer choices:
O Asian countries are abundant in low-skilled labor, and so items can be manufactured at lower opportunity cost.
O Asian countries do not enjoy a comparative advantage in any economic activity, so they end up being exploited by wealthy countries.
O The US has used its military power to oppress the Asians and force them to work for low wages.
O Global corporations have located their manufacturing operations in Asia in their attempt to impoverish the people of Asia.
Answer:
O Asian countries are abundant in low-skilled labor, and so items can be manufactured at lower opportunity cost
Explanation:
The H-O model states that countries such produce goods and services that it can efficiently and effectively manufacture or produce at a lower cost of production.
Asian countries are abundant in low-skilled labor, and so items can be manufactured at lower opportunity cost.
The major disadvantage of a multichannel system is that it is harder to control and it can generate ________.
a. declining employee morale
b. greater conflict
c. less net profit
d. inefficiency
Answer:
The correct answer is letter "B": greater conflict.
Explanation:
A typical problem of multichannel systems is the channel conflict. This inconvenience arises when components of a supply chain such as manufacturers, retailers or distributors compete among them for the sales of the same product. The situation generates a greater conflict since the business operations of one can be stopped because of the reluctance of the other for cooperating.
The four underlying assumptions of generally accepted accounting principles are economic entity, monetary unit, periodicity, and going concern. Consider the four independent situations below.
1. Jumbo's is a local restaurant. Due to a bad shipment of potatoes, several of the company's customers become ill, and the company receives considerable bad publicity. Revenues are way down, several of its bills are past due, and the company is making plans to close the restaurant at the end of the month. The company continues to report its assets in the balance sheet at historical (original) cost.
2. Gorloks Tax Services is owned and operated by Sam Martin. The company has the usual business assets: land, building, cash, equipment, and supplies. In addition, Sam decides to buy a boat for him and his family to enjoy on the weekends. Sam includes the boat as an asset on the balance sheet of Gorloks Tax Services.
3. Claim Jumpers International, a U.S.-based company, has operations in the United States and in Europe. For the current year, the company purchased two trucks in the United States for $10,000 and three trucks in Europe for €20,000 (euros). Because of the differences in currencies, the company reported "Five Trucks" with no corresponding amount in the balance sheet.
4. Cobbers Etc. sells specialty music equipment ranging from African bongo drums to grand pianos. Because of the fluctuating nature of the business, management decides to publish financial statements only when a substantial amount of activity has taken place. Its last set of financial statements covered a period of 14 months, and the set of financial statements before that covered a period of 18 months.
Required:
For each situation, select which of the underlying assumptions of GAAP is violated.
Answer:
1. Going concern
2. Economic entity
3. Monetary unit
4. Periodicitys
Explanation:
1. Since Jumbo's Restaurant is planning to close, the assumption of continuity (going concern) is no more applicable. This should be disclosed. Instead asset was still recorded at historical price which is misleading.
2. Gorloks Tax Services is an economic entity, and the property and assets of owners are not considered to be for the business. In this case the boat Sam bought was wrongly reported as an asset of the company.
3. Claim Jumpers when reporting the 5 trucks purchased must include a monetary value for them. The assumption of monetary unit states that all items reported on the balance sheet must be expressed in monetary terms.
4. Cobbler's Etc violated the assumption of periodicity which states the financial position of the business must be declared in a particular accounting period. Accounting period can monthly, quarterly, biannually, and yearly. The business should choose and accounting period and ensure financial position is reported for each of them. In this case financial reporting is not consistent with reporting happening after 14 months and before that 18 months.
The four situations highlight violations of GAAP assumptions including going concern, economic entity, monetary unit, and periodicity.
Explanation:Situation 1: The violation of GAAP assumption is going concern. The company is making plans to close the restaurant, indicating uncertainty about its ability to continue operating.
Situation 2: The violation of GAAP assumption is economic entity. Sam has included his personal asset (the boat) on the balance sheet of Gorloks Tax Services, which should only include business assets.
Situation 3: The violation of GAAP assumption is monetary unit. The company reported five trucks without providing the corresponding amounts in the balance sheet, creating a discrepancy due to the use of different currencies.
Situation 4: The violation of GAAP assumption is periodicity. Cobbers Etc. publishes financial statements irregularly, covering periods of 14 months and 18 months, instead of following the regular time intervals.
Learn more about GAAP assumptions here:https://brainly.com/question/31556605
#SPJ3
Explain whether each of the following government activities is motivated by a concern about equality or a concern about efficiency. In the case of efficiency, discuss the type of market failure involved.
a) Regulating cable TV prices
b) Providing some poor with vouchers that can be used to buy food.
c) Prohibiting smoking in public places
d) Breaking up Standard Oil (which once owned 90 percent of all oil refineries) into several smaller companies.
e) Imposing higher personal income tax rates on people with higher incomes
f) Instituting laws against driving while intoxicated.
Answer:
a) Regulating cable TV prices - This is motivated by the concern about efficiency. Since one cable TV company can easily become a monopolist and manage cable TV prices on its own, market power (a type of market failure) is hindered by regulation. These measures aim to decentralize power and distribute it once again.
b) Providing some poor with vouchers that can be used to buy food. - Being a concern for equality, this regulation aims to improve fairness and equality among society levels by giving vouchers to poor people. Equality measures are usually non-efficient by the means of concern, and are a common practice in all governments.
c) Prohibiting smoking in public places - Being a concern about efficiency, this aims to overcome a possible externality. Third parties (non-smokers) are affected by something they cannot influence, which indicates a case of externality failure. Government regulation is essential
d) Breaking up Standard Oil (which once owned 90 percent of all oil refineries) into several smaller companies. - Once a monopoly, Standard Oil is broken down into several smaller, competition-oriented companies. The market failure regarding market power is regulated by this move. When this happens, Standard Oil will not be able to dictate prices.
e) Imposing higher personal income tax rates on people with higher incomes - Being an equality measure by nature, this economic remedy tries to create less discrepancy among income across all social levels. The standard deviation becomes smaller, which is the result of equality measures. Although people with higher incomes will always have a similar income, regulation vastly influences people with less income.
f) Instituting laws against driving while intoxicated. - This is an efficiency measure (against externality), as sober drivers and traffic participants become influenced by drunk drivers who they cannot control. In case of an accident, the third party is imposed a cost that could be fatal. Therefore, it has to be regulated.
The brief explanation about the government activities is motivated by a concern about equality or a concern about efficiency is:
a) Regulating cable TV prices
This has to do with the concern for efficiency
b) Providing some poor with vouchers that can be used to buy food.
This has to do with the concern for equality
c) Prohibiting smoking in public places
This has to do with the concern for efficiency
d) Breaking up Standard Oil (which once owned 90 percent of all oil refineries) into several smaller companies.
This has to do with the concern for efficiency
e) Imposing higher personal income tax rates on people with higher incomes
This has to do with the concern for equality
f) Instituting laws against driving while intoxicated.
This has to do with the concern for efficiencyWhen a free market operates within the regulations of the government, then it means that the government is protecting the consumers from monopoly, overcharging and other morally wrong practises.
Read more about free market here:
https://brainly.com/question/24757596
There is no difference between you driving your car on public streets and Ford selling a product that it knows will sometimes explode. True or False? What unmentioned factor might your answer depend on?
Answer:
1) The statement is: True.
2) The correct answer is letter: Cost-Benefit Analysis.
Explanation:
2) The Cost-Benefit Analysis is a tool used to make decisions based on cost and benefit. You can use the Cost-Benefit Analysis to evaluate a single option or compare two or more alternatives to choose the best. The Cost-Benefit Analysis is used to calculate all the costs of a particular decision and compare them with the expected benefits of that decision.
1) In the example, driving on a street has the cost of being in danger of crashing but the benefit of traveling comfortably in your vehicle. Ford selling cars could cost some of them -for an "x" reason- to explode but the benefit is to profit from the sales. Thus, there is no fundamental difference comparing the costs individuals are exposed while driving a car on the street and Ford being exposed to their cars' explosion.
Hawkins company has owned 10 percent of Larker Inc., for the past several years. This ownership did not allow Hawkins to have significant influence over Larker. Recently, Hawkins acquired an additional 30 percent of Larker and now will use the equity method. How will the investor report change?
a. a cumulative effect of an accounting change is shown in the current income statement
b. a retrospective adjustment is made to restate all prior years presented using the equity method
c. no change is recorded; the equity method is used from the date of the new acquisition
d. Hawkins will report the change as a component of accumulated other comprehensive income
Answer:
An equity security can be defined as the stocks owned by someone of another company. This will give the stockholder opportunity a power to influence the operational and management decision of the company. Based on the number of shares, the accounting method is decided for the same.
In equity method, the profits earned by the investments of stockholders in other companies are determined by the company. Companies use the equity method to record the investments as soon as they make the investments.
Option A:
Since they had to show the investment in the income statement before as well, option A is not correct.
Option B:
No adjustment entry would be made for the prior years as for the past years, only 10% was owned. So option B is also incorrect.
Option C:
This option is correct because the equity method starts from the time the investment is made.
Option D:
No change will be made at the end of Hawkins. So option D is also incorrect.
So the answer to the question is option C.
Organizations set procedures for making decisions to achieve those objectives through strategic planning. a. True b. False
Answer:
The correct answer is letter "A": True.
Explanation:
Strategic planning is the systematic process of development and implementation of plans to reach a company's purposes or objectives in the long run. During this process, the core values, strengths and weaknesses, and the firm's main goals are identified.
Josh, Inc. is faced with the choice of either producing a newly designed product, XX-30, to stock in anticipation of demand or to customer order. The demand for the product is expected to be 5,000 units per week. Josh decided to produce XX-30 in lots of 500 units. The cost of holding the average unit in inventory per year is $50 times the average inventory level. If Josh, Inc. produces to order, it must discount its unit price on all sales $5 for each week that the first customer to order has to wait before the product is delivered. Should Josh, Inc. produce to stock or to order?
Answer:
Explanation:
1. Make to stock
Average inventory = Order quantity/2 = 500/2 = 250
Inventory holding cost = average inventory multiplied by unit holding rate = 250 *5 = 1250
2. Make to order
Discount = 5000*5 = 25000
It is better to stock and produce because costs are low
On January 3, 2013, Roberts Company purchased 30% of the 100,000 shares of common stock of Thomas Corporation, paying $1,500,000. There was no goodwill or other cost allocation associated with the investment. Roberts has significant influence over Thomas. During 2013, Thomas reported income of $300,000 and paid dividends of $100,000. On January 4, 2014, Roberts sold 15,000 shares for $800,000. What is the appropriate journal entry to record the sale of the 15,000 shares?
Answer:
The appropriate journal entry to record the sale of the 15,000 shares:
Dr Cash 800,000
Cr Investment - Thomas Corp 780,000
Cr Gain on investment disposal 20,000
(to record the investment disposal of 15,000 Thomas Corp's shares)
Explanation:
Before the disposal of the investment on Thomas, Roberts Co. should use the equity method to account for this investment because 30% of Thomas' shares which is 30,000 ( 100,000 x 30%) is possessed by Robert Co. and Robert Co. has significant influence over Thomas.
So, by the end of 2013, Robert's treatment to this investment should be:
Opening balance as of 2013: $1,500,000
Plus: Share of net profit : $90,000 (calculated as 300,000 x 30%)
Minus: Dividend received : $(30,000) (calculated as 100,000 x 30%)
Closing balance as of 2013: $1,560,000
=> Value per share = 1,560,000 / 30,000 = $52.
So, as at January 4 2014, because 15,000 shares is sold, the Investment account is Credited ( decreased) by $780,000 ( 52 x 15,000) and the total sales's receipt of $800,000 will generate the profit of $20,000 ( calculated as $800,000 - $780,000).
To follow is selected information about the Little Dipper Company for the current year and prior year Account Net sales revenue Cost of goods sold Gross profit Selling/general expenses Net income before tax Income tax Net income Current $648,000 $414,720 $233,280 $149,040 $84,240 $25,120 $59,120 Prior $595,000 $425,000 $170,000 $93,500 $76,500 $22,800 $53,700 What is the current years net income percentage (as would be found on a vertical analysis of the income statement for the current year)? A. 70.18% B. 235.35% С. 9.12% D, 10.09%
Answer: D- 9.12%
Explanation:The current net income percentage is calculated thus:
Current year net income = $59,120
Prior year net income = $53,700
diff in btw the two period = $59, 120-$53,700 = $5,420
current year net income percentage = $5,420/$59,120 = 0.0912779 *100
= 9.12%
Which leadership style did the CEO of the healthcare system demonstrate in the EHR selection process?
The leadership style that the CEO of the health care system demonstrates in the EHR selection process is the autocratic style.
What is the autocratic style?Autocratic leadership style is defined as the type of leadership style in which the decision can be taken without the input of the particular team.
In an autocratic leadership style, the manager assembles all the judgments without any conference or information from the leftovers of the team.
Some fundamental characteristics of the autocratic leadership style are:
It allows little input from the group of members.It requires the leaders to make all the necessary decisions.It does not require any group feelings or work.It tends to make the highly structured environments.Therefore, the CEO of the healthcare system alone demonstrates the EHR selection process by using the autocratic style of leadership.
Learn more about the autocratic style, refer to:
https://brainly.com/question/6427654
The CEO of the healthcare system demonstrated a participative leadership style in the EHR selection process by involving employees in decision-making processes and valuing their input.
Explanation:The CEO of the healthcare system demonstrated a participative leadership style in the EHR selection process.
In a participative leadership style, leaders involve employees in decision-making processes and value their input. This style fosters collaboration, creativity, and innovation among team members.
During the EHR selection process, the CEO likely sought the opinions and feedback of various stakeholders, such as healthcare professionals, IT staff, and administrators, before making a final decision. By involving multiple functions and considering different perspectives, the CEO demonstrated a participative leadership style.
Historically auditing standards have been organized into three categories, including: A) Standards of field work. B) Purpose of an audit. C) Responsibilities of the auditor. D) Proper planning and supervision
Answer:
The correct answer is letter "A": Standards of field work.
Explanation:
The Generally Accepted Auditing Standards or GAAS are the rules auditors follow when analyzing the financial statements of a company. The GAAS has three (3) main categories: general standards, standards of fieldwork, and standards of reporting. The body in charge of reviewing the GASS is the Auditing Standards Board (ASB).
In its most recent financial statements, Nessler Inc. reported $80 million of net income and $1,200 million of retained earnings. The previous retained earnings were $1,140 million. How much in dividends were paid to shareholders during the year?
Answer:
$140 million
Explanation:
Given that,
Ending Retained Earnings = $1,140 million
Beginning Retained Earnings = $1,200 million
Net Income = $80 million
Ending Retained Earnings = Beginning Retained Earnings + Net Income - Dividends
$1,140 million = $1,200 million + $80 million - Dividends
Dividends = $1,200 million + $80 million - $1,140 million
= $140 million
Therefore, the dividend of $140 million were paid to shareholders during the year.
Which of the following is the subjective performance measure at parent firm level? a. Profitability b. Market share c. Stlck market reaction d. Assessment of goal attainment e. Stability and longevity of the alliance
Answer:
d. Assessment of goal attainment
Explanation:
In cases where an alliance occurs between a parent firm and a subsidiary, the parent firm subjectively measures performance by assessing the extent to which the alliance has contributed to achieving the organization's goals.
To ensure that as many individuals as possible use helmets, the government recently decided to subsidize the production of helmets.
Which of the following will happen as a result of this subsidy? Choose one or more:
A. The demand curve for helmets will increase.
B. The demand curve for helmets will remain the same.
C. The demand curve for helmets will shift to the left.
D. The supply curve for helmets will shift to the left.
E. The supply curve for helmets will shift to the right.
Answer: B & E
Explanation:
If a subsidy is provided for the production of helmets, the demand curve is unaffected, but the supply curve shifts to the right. A production subsidy encourages production because it reduces costs for the producer. However, it will not affect market demand.
A government subsidy on the production of helmets will cause the supply curve to shift to the right, indicating an increase in supply at every price level. The demand curve remains the same initially, but the subsidy can indirectly affect the quantity demanded by making helmets more affordable.
To determine the effect of the government subsidy on the production of helmets, we need to consider how it affects the supply curve and the demand curve. Subsidies are financial contributions from the government to producers, which effectively reduce the cost of production. A subsidy does not directly affect the demand curve; instead, it leads to an increase in supply because it lowers production costs, making it cheaper for producers to supply more at every price level.
The correct answer to the given question would be E. The supply curve for helmets will shift to the right. This is because the subsidy makes it less expensive for producers to make helmets, encouraging them to make more. The increased supply can lower the market price of helmets, making them more affordable to consumers without directly altering the demand curve. Therefore, the demand curve for helmets will remain the same initially (answer B), but the effect of a lower price may eventually increase the quantity demanded.
The model of short-run economic fluctuations focuses on _____
(A) the price level and real GDP.
(B) Dproductivity and economic growth.
(C) the neutrality of money and inflation.
(D) None of the above is correct.
Answer:
The correct answer is letter "A": the price level and real GDP.
Explanation:
The model of short-run economic fluctuations is a method that measures the changes in the output level of an economy. According to this model, the increase in money supply increases production which causes prices to decrease. It considers two variables: the average level of prices and the production of the economy based on the real Gross Domestic Product (GDP).
________ relies on the methodical identification, collection, analysis, and distribution of data to discover and solve marketing problems or enhance decision making.
Answer:
Market Research
Explanation:
Market Research is the term which is explained as the process of determining the viability of the new product or service by research which is directly conducted or performed with the potential customers.
It allows the business to discover the target market and the get feedback from the customers regarding their interest in the service or product.
Therefore, market research is the one which relies on the analysis, identification, distribution of the data in order to discover and slove the marketing problems.
Suppose a city facing a shortage of rental apartments eliminates rent controls. Which of the following is most likely to occur?
A. a decrease in rents and a decrease in the number of apartment units supplied.
B. an increase in rents and an increase in the number of apartment units supplied.
C. a decrease in the demand for apartments and an increase in the number of apartment units supplied.
D. an increase in the demand for apartments and a decrease in the number of apartment units supplied.
Answer:
The correct answer is (B)
Explanation:
A shortage of rental apartments will lead to an increase in the rents. There is a shortage of apartments that has eliminated the rent control. Overall, the owners will increase the rents of the apartments and as a result the demand will decrease. A decrease in demand will lead to an increase in the supply of apartments.
Eliminating rent control in a city faced with a shortage of rental apartments would likely lead to an increase in both rents and the supply of apartment units. This is due to landlords being able to charge more, which could incentivize more rental housing investment.
Explanation:If a city facing a shortage of rental apartments eliminates rent controls, the most likely occurrence will be B. an increase in rents and an increase in the number of apartment units supplied.
Rent control laws are implemented to keep housing affordable, but they might also discourage investment in new rental housing because of potentially lower returns. If those controls are removed, landlords would likely raise rents to market prices, which could encourage more landlords to supply apartments as they could potentially earn more income.
Learn more about Rent Control here:https://brainly.com/question/36704708
#SPJ11
Calvin has difficulty seeing, but uses voice recognition software allowing him to dictate articles. His computer is also specially designed for visually impaired individuals. The Daily Times interviews Calvin but offers the job to a sighted person instead. The Daily Times may have violated the ADAThe ADA Defines a Disability as Including Any of the Following:1. a physical or mental impairment that substantially limits one or more of the major life activities of the affected individuals2. a record of having such an impairment3. being regarded as having such an impairment
Answer:
The correct answer are numbers (1), (2), and (3).
Explanation:
The Americans with Disabilities Act (ADA) of 1990 is a law passed by United States Congress that forbids any type of discrimination to impaired employees or applicants with disabilities to walk, see, read, see, and talk, those who have been regarded with those disabilities and who have a history regarding the impairment. Besides, the ADA covers those individuals from any kind of obstacles in front of job payments, promotions, and firing.
In evaluating different market segments, the firm must look at two factors: the segment's overall attractiveness and the ________.
Answer: Company objective and the resources
Explanation:
For evaluating the different types of marketing segment of an organization it basically involve the two main factors such as the overall segments's attractiveness and also the main objective of the company and its resources.
By evaluating the marketing segment we can easily evaluating each segment of the company so that the company producing the desirable result according to the consumer requirements.
The company objective is one of the type of goals of the company that helps in achieving the desirable result and the opportunities. Therefore, Company objective and the resources is the correct answer.
Mr. G obtains a $70,000 loan today. He will repay the bank with equal payments to be made at the end of each 6-month period, or twice each year, for 6 years. If the interest rate the bank charges is an 8% annual percentage rate, what amount of money will each payment be?
Answer:
The amount of each payment after every 6 months will be $7,458
Explanation:
We need to find the amount of payment made every 6 months. For that we need to know the present value of the loan which is 70,000, the interest rate which is 8% but we will divide it by 2 because there are semiannual payments so interest rate will be 4%, after that we need to know the number of compounding periods, because the payments are semi annual and there are 6 years we will multiply 6 by 2 and get 12 which is our compounding periods. Because there are equal payments and no payment to be made at end the future value of the loan is 0. Now we will input the following data in a financial calculator.
PV= 70,000
I= 4
N= 12
Fv=0
Compute PMT=7,458
You put aside $300 a month in an account that returns 9% a year, compounded monthly. How long do you need to contribute to save $1,000,000
Answer:
36 years 4 months and 2 days
Explanation:
Data provided in the question:
Monthly payment = $300
Rate of return, i = 9% = 0.09
Future value = $1,000,000
Now,
we know
Future value = Monthly payments × [tex]\left[ \frac{(1+i)^{n}-1}{i} \right][/tex]
or
1000000 = $300 × [tex]\left[ \frac{(1+0.0075)^{ }-1}{ 0.0075 }[/tex]
or
[tex]\frac{ 1000000}{ 300} &= \frac{ 1.0075^{n} - 1}{ 0.0075}[/tex]
[tex]3333.33333 &= \frac{ 1.0075^{n} - 1}{ 0.0075}[/tex]
[tex]1.0075^{n} - 1 &= 3333.33333 \times0.0075[/tex]
or
1.0075ⁿ - 1 = 25
or
1.0075ⁿ = 26
ln( 1.0075ⁿ) = ln(26)
or
n × ln( 1.0075 ) = ln(26)
or
n = [tex]\frac{ \ln (26) }{ \ln( 1.0075 ) }[tex]
or
n = 436.04 months
or
n = 36 years 4 months and 2 days
Answer:
436 months or 36.33 years
Explanation:
monthly principal P = $300
Amount to be obtained A = $1,000,000
ROI per annum R% = 9%
or ROI per month r% = 9/12 = 0.75%
and n = no. of months
We know that
[tex]A= P(1+\frac{r}{100})^n[/tex]
plugging values we get
[tex]1,000,000= 300(1+\frac{0.75}{100})^n[/tex]
solving the above equation we get
n = 436 months
which is equal to 36.33 years.
The measurement of how efficiently and effectively a manager uses resources to satisfy customers and achieve organizational goals is known as organizational ________. a. management b. efficiency c. performance d. effectiveness
Answer:
Effectiveness
Explanation:
Organizational effectiveness shows the extent to which resources have been efficiently managed to produce intended results.
Efficiency has to do with maximal uses of resources available (i.e input versus output) while effectiveness show whether desirable outcomes have been achieved i.e whether organizational objectives are being achieved.
The measurement of how efficiently and effectively a manager uses resources to satisfy customers and achieve organizational goals is known as organizational efficiency (option b).
Explanation:The measurement of how efficiently and effectively a manager uses resources to satisfy customers and achieve organizational goals is known as organizational efficiency.
Efficiency is a key concept in business management. It refers to the ability of a manager to optimize the use of resources, such as time, money, and manpower, to achieve desired outcomes.
For example, a manager who carefully plans and coordinates tasks, eliminates waste, and maximizes productivity is considered efficient. This can lead to cost savings, increased customer satisfaction, and overall success for the organization.
Learn more about Organizational Efficiency here:https://brainly.com/question/36596501
#SPJ3
Margot starts a new business and contributes $20,000 in cash; she also borrows $25,000 from her local bank. She utilizes the cash to purchase supplies for $5,000 and a computer system for $10,000. After these transactions, the company's total resources are:
Answer:
total resources = $45,000
Explanation:
given data
contributes = $20,000
borrows = $25,000
purchase supplies = $5,000
equipment computer system = $10,000
solution
$45,000 [cash 30,000(20,000+25,000-5,000-10,000) equipment 10,000; supplies 5,000]
we get here company's total resources are as
total resources = cash + purchase supplies + equipment computer system ............1
here cash = $20,000 + $25,000 - $5,000 - $10,000
cash = $30,000
so from equation 1
total resources = $30,000 + $5,000 + $10,000
total resources = $45,000
Margot's total resources after her initial cash contribution, bank borrowing, and subsequent expenses comes to $30,000.
Explanation:The company's total resources would be calculated by totalling initial contributions and borrowings and then subtracting any expenses or investments made. So, if Margot begins with $20,000 in cash and also borrows $25,000 from the bank, her total initial resources are $45,000. She then buys supplies for $5,000, and a computer system for $10,000 reducing her resources by $15,000. The remaining resources then are the initial $45,000 minus the $15,000 spent, ending with a total of $30,000 in resources for the company.
Learn more about Business Finance here:https://brainly.com/question/31424918
#SPJ3
During the current year, Robert pays the following amounts associated with his own residence:
Property taxes $3,000
Mortgage interest 8,000
Repairs 1,200
Utilities 2,700
Replacement of roof 4,000
In addition, Robert paid $1,500 of property taxes on the home that is owned and used by Anne, his daughter. Classify the following expenses for Robert as "Deductible" or "Nondeductible".
(a) Property taxes - Robert Deductible
(b) Property taxes - Anne Nondeductible
(c) Mortgage interest - Deductible
(d) Repairs Nondeductible
(e) Utilities Nondeductible
Answer:Deductibles. Non Deductibles.
Property tax 4500 Repairs 1200
Mortgage Int 8000. Utilities 2700
Explanation:Deductibles are statutory bills and must at all cost be paid while Non Deductibles are self servicing bills and are not compulsory bills.You can choose not to repair your gadget's or automobile but you cannot ignore forfeit paying your taxes and government bills.
You do not need to see proof of insurance coverage for a taxpayer if you feel that this information is not unusual or questionable.
O True O False
Answer:
The statement is False
Explanation:
Under the due diligence, IRS certified volunteer prepare or made in order to exercise the due diligence, which means, as a volunteer, the person is required to do the part when making or performing quality reviewing a tax return so that could ensure the information on the return is complete as well as correct.
So, it is not true that the person does not require to see the proof or evidence of the insurance coverage for the taxpayer if the person feels that the information is not questionable or unusual as it is an important or vital process and the person should always check the information if it is not questionable or unusual.
Johnson Waterworks Company provides plumbing services. The company is a sole proprietorship. Transactions during the first year of operations are provided below. a) The owner, Mitchell Johnson, contributed $14,000 cash in exchange for capital b) Paid $1,100 for equipment to be used for plumbing repairs. c) Borrowed $14,000 from a local bank and deposited the money in the checking account. d) Paid $600 in rent for the year. e) Paid $300 for plumbing supplies to be used on various jobs next year. Completed a plumbing repair for a law firm and received $3,400. Calculate the amount of total assets at the end of the first year. Assume the plumbing supplies of $300 are left at the end of the year. OA. $28,000 O B. $1,100 OC. $1,400 D. $30,800
Answer:
D. $30,800
Explanation:
The computation of the total assets is shown below:
= Cash + equipment + supplies
where,
Cash would be
= Capital - paid cash for equipment + borrowed amount - rent paid - supplies + received amount
= $14,000 - $11,000 + $14,000 - $600 - $300 + $3,400
= $19,500
And, the other items would be same
So, the total assets would be
= $19,500 + $11,000 + $300
= $30,800