To calculate Trevors' interest amount in twelve days use the following formula
Prt = I
Principal = $2,000
Rate = 0.03
Time = 12/365
Interest = ?
($2,000)(0.03)(12/365) = I
I = $1.97
On a pay stub, what is the difference between "Net Pay" and YTD Net Pay"?
ANet Pay is how much you've made in a year, YTD Net Pay is how much is withheld for taxes.
BNet Pay is how much you've made during a pay period, YTD Net Pay is how much is withheld for taxes.
CNet Pay is how much you've made during a pay period, YTD Net Pay is how you've made this year.
DNet Pay is how much you've made minus taxes in one year, YTD Net Pay is how you've made in the last pay period.
How should Kraft Canada make the brand messaging of Kraft singles compelling to Canadian Millennial moms?
When a U.S. company purchases and imports automotive parts from Canada to use to build cars within the United States, this purchase increases the component of GDP while also net exports by the same amount. Therefore, the purchase of automotive parts from Canada causes in US GDP.
When a U.S. company purchases and imports automotive parts from Canada to use to build cars within the United States, this increases the component of GDP known as consumption. However, it also increases imports by the same amount, causing a trade deficit in US GDP.
Explanation:The purchase of automotive parts from Canada by a U.S. company to use in building cars within the United States increases the component of GDP known as consumption.
However, it also increases imports by the same amount. This means that the purchase of automotive parts from Canada causes a trade deficit in the US GDP.
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State and local governments may offer ________ to encourage businesses to locate in their area.
Parents want to setup an account for their child studying abroad for next 2 years, where they can receive a monthly allowance of $600. the account will be compounded 6.65% monthly. how much should they deposit so their child could have the allowance?
The amount that parent should deposit so that their son can receive monthly allowance of $600 is $7098.27.
Further Explanation:
The present value of an annuity is the value of future payments at the current, at a given rate of discount. The present value is calculated as:
[tex]$${\text{PV=PMT\times}}\left({\frac{{\left({{\text{1}}-\left({\frac{{\text{1}}}{{{{{\text{(1 + r)}}}^{\text{n}}}}}}\right)}\right)}}{{\text{r}}}}\right)$$[/tex]
Where,
PV = the present value of an annuity stream
PMT = the annual future payment
r = the interest rate or the discount rate
n = the number of periods
Calculate the present value of an annuity:
[tex]\begin{aligned}PMT&=\$600\\r&=6.65\%\\n&=2\times12\\&=24\\\end{aligned}[/tex]
And,
[tex]\begin{aligned}\text{PV}&=\text{PMT}\times\left[\dfrac{1-\left(\dfrac{1}{(1+r)^{n}}\right)}{r}\right]\\&=\$600\times\left[\dfrac{1-\left(\dfrac{1}{(1+0.0665)^{24}}\right)}{0.0665}\right]\\&=\$7098.27\end{aligned}[/tex]
The amount that parent should deposit so that their son can receive monthly allowance of $600 is $7098.27
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Answer details:
Grade: High School
Subject: Financial management
Chapter: Time value of money
Keywords:Parents want to setup an account for their child, studying abroad for next 2 years, w they can receive a monthly allowance of $600, the account will be compounded 6.65% monthly, amount should they deposit so their child could have the allowance, present value, of, the, investment, future value.
Msi has determined that elimination of the post office polka (pop) program would not impact sales of the other two items. the remaining fixed overhead currently allocated to the pop product would be redistributed to the remaining two products. required: 1. calculate the incremental effect on profit if the pop product is eliminated.
To calculate the incremental effect on profit if MSI eliminates the POP product, one must analyze the redistribution of fixed costs to other products and consider the impact of changes in both quantity and price due to market conditions such as labor costs and consumer preferences.
Explanation:The question addresses the incremental effect on profit if the Post Office Polka (POP) product were to be eliminated by a company named MSI. The key consideration is to understand that, according to MSI's assessment, the elimination will not impact the sales of other products, and any fixed overhead allocated to POP would be redistributed to the remaining products. When looking at the effect on quantity, we see that higher labor compensation and a shift in consumer preferences away from traditional mail services (referred to as snail mail) both lead to a decrease in the equilibrium quantity of Postal Services, which is represented as a shift to the left in the supply-demand graph. This reduction in quantity is typically associated with a shift in both cost of production and consumer tastes.
However, the effect on price is more complex. Higher labor costs suggest an increase in equilibrium price, while a decrease in demand for snail mail implies a lower price. Without knowing the magnitude of these shifts, it is not possible to predict the overall impact on equilibrium price. In economics, when both supply and demand curves shift, the effect can typically be determined on either price or quantity but not both simultaneously.
On november 1, current year, rockcreek corporation invested 60,000 in a new delivery truck. the truck is being depreciated at a monthly rate of $900. during the current year, the company issued stock for $96,000 and declared dividends of $12,000. its net income in current year was $108,000. rock creek ending retained earnings balance as reported in its december 31, current year, balance sheet was $120,000. its beginning capital stock balance on january 1, current year, was $180,000.determine the total stockholders' equity reported in the company's balance sheet dated december 31, current year.
The total stockholders' equity reported in the company's balance sheet dated December 31, current year, is $396,000.
Explanation:To determine the total stockholders' equity reported in the company's balance sheet dated December 31, current year, we need to take into account the changes in capital stock, net income, dividends, and the beginning and ending balance of retained earnings.
The formula to calculate the total stockholders' equity is: Beginning Capital Stock + Net Income - Dividends + Ending Retained Earnings.
In this case, the beginning capital stock is $180,000, the net income is $108,000, the dividends are $12,000, and the ending retained earnings balance is $120,000. So, the total stockholders' equity is $180,000 + $108,000 - $12,000 + $120,000 = $396,000.
Your organization has set up three levels of data classification accessed by users on a small network:
The three levels that an organization should have when it comes to data classification that is accessed by its users on a small network are the following;
High security – passwords and encrypted folder are being provided for access
Medium security – not all the data that is shown are all accessible, there is a presence of limited access.
Low security - a presence of public folder in the given data
When the economy enters a recession, your employer is ___________ to reduce your wages because _______.
a. likely; output prices always fall during recession
b. unlikely; output and input prices generally fall during recession?
Quasio foods inc. is a large food manufacturing corporation that earns more profits than its competitors. the company uses only organically grown grains and fruits. it also promotes organic farming and helps nonprofit agencies who focus on food and nutrition causes. the company has now decided to use a third-party recycling logo. in this scenario, quasio foods is most likely to have adopted the concept of _____.
Quasio Foods Inc. is likely demonstrating corporate social responsibility (CSR) by focusing on organically grown produce, sustainable practices, and support for food-related causes.
Quasio Foods Inc., with its practice of using organically grown grains and fruits and its support for sustainable agriculture and food nutrition causes, is most likely to have adopted the concept of corporate social responsibility (CSR). CSR is a business model that helps a company be socially accountable to itself, its stakeholders, and the public. By engaging in organic farming and initiating environmentally friendly practices such as adopting a third-party recycling logo, Quasio Foods demonstrates a commitment to sustainable business practices that go beyond profit, resonating with the growing consumer demand for environmentally responsible products.
The commercial, legal name under which a company does business is referred to as a __________.
How much must be deposited on january 1, 2014 in a savings account paying 6% annually in order to make annual withdrawals of $30,000 at the end of the years 2014 and 2015? the present value of one at 6% for one period is .9434?
Vertical communication occurs when scott, divisional manager of production, discusses business issues with susan, divisional manager of marketing.
At july 31, ivanhoe company has this bank information: cash balance per bank $7,140, outstanding checks $690, deposits in transit $1,280 and a bank service charge $50. determine the adjusted cash balance per bank at july 31.
To determine the adjusted cash balance per bank for Ivanhoe Company as of July 31, add deposits in transit ($1,280) to the cash balance per bank ($7,140) and subtract outstanding checks ($690), resulting in an adjusted balance of $7,730.
To determine the adjusted cash balance per bank for Ivanhoe Company at July 31, we need to adjust the balance reported by the bank for the effect of outstanding checks and deposits in transit. Here's the step-by-step process:
First, start with the cash balance per bank: $7,140.Add deposits in transit: $1,280.Subtract outstanding checks: $690.Calculation:
The equation will be:
$7,140 (cash balance per bank) + $1,280 (deposits in transit) - $690 (outstanding checks) = $7,730.The bank service charge of $50 is not considered in the bank balance adjustments because it affects the cash balance per books, not the bank statement.
Therefore, the adjusted cash balance per bank at July 31 is $7,730.
________ provide periodic updates of what is occurring in the business.
Ron shaich, ceo and founder of panera bread started the company with a mission—which is the first step in
Final answer:
Ron Shaich, CEO and founder of Panera Bread, started the company with a mission, illustrating the critical first step in launching a successful business. This mission focused on offering high-quality, healthy food, which played a significant role in Panera Bread's growth and success. It's a valuable lesson for entrepreneurs on the importance of having a strong mission as part of their business strategy.
Explanation:
When Ron Shaich, CEO and founder of Panera Bread, started the company, he did so with a clear mission. This mission can be seen as the first step in launching a successful business. It's critical for entrepreneurs like Shaich to establish a strong mission as it serves not just as a guiding principle for the business's operations but also helps in connecting with customers on a more personal level. For Panera Bread, the mission included a focus on serving high-quality, healthy food in a welcoming environment, setting it apart in the fast-casual dining industry.
Understanding the importance of a mission statement is key to recognizing how Panera Bread grew from a small bakery-cafe into a chain with thousands of locations across the United States. A well-defined mission aligns the company's values with its goals, ensuring that every decision made supports these overarching principles.
For anyone looking into how to start their own business, studying the approach Ron Shaich took with Panera Bread can be incredibly insightful. It underscores the idea that a solid mission can carve a unique identity for a business in a crowded market.
A key element of the scientific management philosophy is
As the recession persisted into 2009, the unemployment rate in the united states rose to ________, the highest rate since the recession of 1981dash–1982 and the second highest since the great depression
If a person wants to start a business but limit the amount of liability he is responsible for, a _____________ would be most appropriate.
The amphibians have loose fitting skin. this helps them with which of the two major challenges for transition to land?
The students in this study were junior and senior college students from two sections of a course in internet marketing at a large northeastern university. the nonstudents were a group of individuals who were recruited to attend commercial focus groups on the west coast conducted by a lifestyle marketing organization. discuss how the method of selecting the subjects in this study relates to the conclusions that can be drawn from it.
In the movie 9 to 5, Maria Delgado worked mornings and her sister, who came in a few minutes before Maria left, worked the same position in the afternoons. This type of flexible work arrangement is known as _____________.
I believe the answer is : Job sharing
In a job sharing, two or more employees agreed to share their workload part time to fulfil the workload of one employee who done the job full time. Job sharing often preferred over part-time jobs since its base payment typically higher compared to part-time job.
A firm lobbying for fewer regulations on airplane travel would be an example of a/an:
The firm lobbying for fewer regulations on airplane travel is an example of deregulation, which can lead to increased competition but also potential negatives like bankruptcies, layoffs, and inadequate service.
A firm lobbying for fewer regulations on airplane travel is an example of the process of deregulation. Deregulation involves the removal of government controls and restrictions in an industry with the aim of increasing competition and efficiency. Deregulation of the airline industry, which began with the Airline Deregulation Act of 1978, led to several negative outcomes which serve as examples of the minuses of such policy change. These include the bankruptcy or contraction of airlines, leading to layoffs and job losses, service abandonment to small and mid-sized cities, and sometimes inadequate service levels despite lower airfares and improved service offerings such as frequent flier programs. Therefore, while deregulation may increase competition and reduce prices, it also can lead to reduced service quality, loss of jobs, and financial instability within the industry.
My leader takes careful responsibility for managing the resources of our organization. this is an example of which characteristic of a servant leader? conceptualization commitment to the growth of people stewardship persuasion
The example of the characteristic of a servant leader that the leader is demonstrating above is stewardship. A leader who possess stewardship is likely to be a person who leads his or her people with trust in a way that he or she trust the people around him or her by this way, it may establish unity and strong communication among the group. And as he or she has trust, he or she is dependent on doing his or her responsibility as a leader.
By not focusing on quality, starbucks failed to deliver on which aspect of aligning goals with value?
David increases the number of companies in which he holds stocks.
a. this raises firm-specific risk, but lowers market risk. what happens to overall risk is unclear.
b. this raises market risk, but lowers firm-specific risk. what happens to overall risk is unclear.
c. this reduces risk's standard deviation and firm-specific risk.
d. this reduces risk's standard deviation and market risk.
The answer is letter c. Standard deviation is applied to the yearly rate of profit of an investment to measure the investment's instability. While specific risk, relates to dangers that are very precise to accompany or small group of businesses. This kind of risk would be the contradictory of a total market risk. Occasionally mentioned to as "diversifiable risk." When you invest in many companies, you become one of the owners of those corporations. What you can make or lose on a stock is recognized as the return on investment, and it hinge on the attainment of the company you've invested in. If those companies do well and creates money from the yields or services it vends, you should assume to benefit from that achievement.
Diversification, achieved by increasing the number of companies in which one holds stocks, lowers firm-specific risk and does not typically increase market risk. By doing so, it can reduce the standard deviation of returns for the portfolio, which lowers overall risk. (Option c)
When David increases the number of companies in which he holds stocks, he is engaging in diversification. This practice is recommended by financial advisors as it lowers firm-specific risk, which comes from the chance that any one company may perform poorly due to internal issues or external pressures specific to that firm.
At the same time, diversification does not typically raise market risk, which represents the potential for the entire market to decline. Instead, diversification can lower the overall risk of a portfolio because gains in some investments can offset losses in others, thus reducing the portfolio's standard deviation of returns.
This is known as the magic of diversification; as you include more independent stock returns in a portfolio, the less likely you will experience extreme returns in any single year.
Wade paid $7,000 for an automobile that needed substantial repairs. he worked nights and weekends to restore the car and spent $2,400 on parts for it. he knows that he can sell the car for $13,000, but he is very wealthy and does not need the money. on the other hand, his daughter, who has very little income, needs money to make the down payment on a house.
a. would it matter, after taxes, whether wade sells the car and gives the money to his daughter or whether he gives the car to his daughter and she sells it for $13,000
Tim has a list of items that his administrative assistant needs to order for the company. he mentions them to her as he passes her desk. later, he realizes he should have sent her an email so she can refer to the list when she has time to order supplies. what does tim realize he has done wrong?
City councilwoman has proposed amending the living wage law. she suggests reducing the minimum wage to $6 per hour. assuming that the labor demand and supply curves were to remain in their present positions, how many people would be unemployed at a $6 minimum wage?
Final answer:
Analyzing the impact of reducing the minimum wage to $6 per hour on unemployment without specific labor market data is challenging, but it involves understanding the dynamics between wage rates, employment levels, and how minimum wage laws influence these factors.
Explanation:
Understanding the proposal to amend the living wage law by reducing the minimum wage to $6 per hour requires an analysis of labor market dynamics, specifically the effects of minimum wage adjustments on unemployment levels. Given the previous scenario where the equilibrium wage was $10 per hour and the city employed 1,200 workers, the introduction of a living wage law that raised the wage to $12 per hour resulted in only 700 workers being employed out of 1,600 looking for work. This created a labor surplus due to the quantity of labor supplied exceeding the quantity demanded at the higher wage. If the minimum wage were to be reduced to $6 per hour, theoretically, the unemployment level would depend on the elasticity of the labor demand and supply curves. However, without specific data on the demand and supply of labor at a $6 wage rate, it's challenging to determine the exact number of unemployed individuals. The essential concept here is the interaction between wage rates, employment, and unemployment in the labor market as affected by minimum wage laws.
When michelle meets with the section managers to brief them on the concerns of the city officials, which management role is she performing?
Michelle is performing the liaison role when she meets with the section managers to brief them on city officials' concerns, linking different parts of the organization and facilitating coordination.
When Michelle meets with the section managers to brief them on the concerns of the city officials, she is performing the liaison role within management. This entails communication and coordination tasks, which are crucial in the integration of various departmental operation concerns and the overall strategic objectives of the organization.
The liaison role is one of the interpersonal roles according to Henry Mintzberg's classification of managerial roles, where a manager acts as an informational link within and outside their organization. Thus, this involves conveying important information, guiding and motivating the team, and making decisions to address the issues.