Carol garcia deposited $22,000 in an account paying interest of 15% compounded annually. what amount will be in the account at the end of 13 years?

Answers

Answer 1

At the end of 13 years, Carol Garcia's account will have approximately $119,219.50.

To find the amount in the account at the end of 13 years, we'll use the formula for compound interest, which is:

A = P(1 + r/n)^(nt)

Where:
A = the future value of the investment/loan
P = the initial deposit (the principal)
r = the annual interest rate (decimal)
n = the number of times that interest is compounded per year
t = the number of years the money is invested or borrowed for

In Carol Garcia's case, we have:
P = $22,000 (the initial deposit)
r = 0.15 (15% annual interest rate as a decimal)
n = 1 (compounded annually, so interest is compounded once a year)
t = 13 years

Now, let's plug these values into the formula:

A = 22,000(1 + 0.15/1)^(1*13)
A = 22,000(1 + 0.15)^(13)
A = 22,000(1.15)^(13)

Next, we'll calculate the expression within the parentheses:

1.15^(13) ≈ 5.4191

Now, multiply this value by the initial deposit:

A = 22,000 * 5.4191 ≈ 119,219.50

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Related Questions

Jorge's soccer team is having its annual fundraiser. The team hopes to earn at least three times as much as it did last year. Last year the team earned $87. What is the team's goal for this year?

Answers

Answer:

131usd is the aswer

Explanation:

87*3=131usd

OSHA Part 1926 Subpart K covers the safety and health regulations for which of the following?
O Personal protective equipment
O Electrical work
O Welding and cutting
O Toxic substances

Answers

Answer:

the answer is electrical work

Explanation:

um I just looked it up to be honest

Would rocks make a good form of money? Explain why or why not?

Answers

Answer:

no.

Explanation:

They are to common.

PLEASE HELP QUICKLY: (FIRST ANSWER GETS BRAINLIEST)



Jennifer has recently found a new job at a local architectural firm. They have offered her a chance to invest money for her retirement. For every 6 percent Jennifer invests from her salary, her company will fund 3 percent. What type of investment does this describe?




money market mutual fund




certificate of deposit




401k

Answers

The investment opportunity described in the question aligns with a 401k plan. Jennifer can save for retirement while also benefiting from her company's matching contribution.

Based on the information provided, the investment opportunity described in the question is most likely a 401k plan.
A 401k is a retirement savings plan offered by employers to their employees. In this type of plan, employees can contribute a portion of their salary towards their retirement savings. The unique feature of a 401k plan is that employers often offer a matching contribution. In Jennifer's case, her company will fund 3 percent for every 6 percent she invests from her salary.
This means that if Jennifer invests 6 percent of her salary towards her 401k, her company will contribute an additional 3 percent. This is a common setup for 401k plans, where the employer matches a percentage of the employee's contribution.
In conclusion, the investment opportunity described in the question aligns with a 401k plan. By contributing a percentage of her salary, Jennifer can save for retirement while also benefiting from her company's matching contribution.

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Niat ny mau bikin dua akun tapi malah kesasar :(​

Answers

Answer:

I'm lost and I don't understand your language

The rule of rational choice suggests that you will engage in more of an activity if: a. the total benefit from that activity exceeds the total cost of the activity.
b. the opportunity cost of your time is very low.
c. the additional cost incurred as a result of the activity exceeds the additional benefit received.
d. the additional benefit received as a result of the activity exceeds the additional cost incurred.

Answers

d. The rule of rational choice suggests that individuals will engage in more of an activity if the additional benefit received as a result of the activity exceeds the additional cost incurred.

In other words, individuals will engage in activities that provide a net gain in benefits. This decision-making process involves weighing the costs and benefits of an activity and choosing the option that maximizes utility. The rule of rational choice is a fundamental principle in economics and helps to explain how individuals make decisions based on their preferences and constraints.
According to the rule of rational choice, individuals make decisions by comparing the benefits and costs of an activity and choose the option that maximizes their net benefit. When the additional benefit of an activity exceeds the additional cost, the net benefit is positive, and individuals are more likely to engage in that activity.

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In
, people invest money in a company in exchange for the company’s
.


Answers

Answer:

In equity crowdfunding, people invest money in a company in exchange for the company’s shares

Explanation:

Equity crowdfunding is the process in which people invest in start up companies and early stage companies that have not been listed on a stock market in exchange for shares in that company. As a result of the investment, the person becomes a shareholder and makes profit when the company do well but if the company fails, shareholders make losses.

Startups and early-stage companies use this method to raise capital.

The dietary change likely to have the best effect on one's LDL/HDL ratio is A. reducing unsaturated fatty acid intake. B. reducing dietary cholesterol intake. C. reducing saturated fatty acid intake. D. increasing saturated fat intake.

Answers

The dietary change likely to have the best effect on one's LDL/HDL ratio is reducing saturated fatty acid intake. The correct answer is C. reducing saturated fatty acid intake.

Interpreting lipid profiles requires the LDL/HDL ratio. The ratio primarily assesses cardiovascular disease risk (CVD). LDL cholesterol outnumbers HDL cholesterol in your blood.

Statins may be prescribed if your LDL/HDL ratio is high. Food changes also lower the ratio. Dietary adjustments to improve LDL/HDL ratio: Decrease saturated fat. Less saturated fat lowers cholesterol and LDL/HDL ratio.

Try these to cut saturated fat: Utilize low-fat dairy products. Utilize chicken breast, sirloin, and hog tenderloin. Bake, broil, or grill instead of frying. Avoid bacon, sausage, and hot dogs.

Decrease dietary cholesterol. Meat, dairy, and eggs contain cholesterol. Certain foods may elevate LDL/HDL. These changes may reduce cholesterol: Eat plant-based foods including fruits, vegetables, whole grains, and legumes.

Avoid high-fat meats like beef, hog, and lamb. Replace meat with beans, tofu, tempeh, and quinoa.

Avoid cholesterol-rich egg yolks. Fiber eating can also improve LDL/HDL ratios.

Fibers bind cholesterol in the intestines and help excrete waste. Whole grains, fruits, vegetables, and legumes are fiber-rich.

Therefore the correct answer is C. reducing saturated fatty acid intake.

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Which of the following statements about sales and operations planning​ (S&OP) is​ best?
A.S&OP is not performed in the short term.
B.S&OP should be conducted independently by each member of the supply chain.
C.S&OP indicates how the organization will use its tactical capacity resources to meet expected customer demand.
D.S&OP should be expressed in sets of terms that hold meaning only for the individual departments of an organization.

Answers

The correct option is C. S&OP indicates how the organization will use its tactical capacity resources to meet expected customer demand.

Sales and operations planning (S&OP) is a process that helps organizations align their sales, marketing, and operational plans with the overall business strategy. It involves forecasting demand, planning production, and managing inventory levels to ensure that the organization is meeting customer demand while maximizing efficiency and profitability.

The best statement about S&OP is that it indicates how the organization will use its tactical capacity resources to meet expected customer demand. This is a long answer that requires an understanding of what S&OP is and how it works within an organization.

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A U.S. Treasury bond pays a 4.5% coupon rate, has a $1,000 par value, and matures 30 years from now in 2050. The bond’s bid quote is 116:10 and the ask quote is 116:12. Coupon payments are semiannual. If you purchase this bond now and hold it until 2050, what would be your annual yield to maturity?

Answers

Answer:

yield of maturity =3.60 %

Explanation:

given data

face value FV = $1000

coupon rate r = 4.5%

no of compounding peryear = 2

time period t = 30 year

solution

first we get here interest per period that is PMT

PMT = FV × r  ÷ 2

PMT = 1000 × 4.5%  ÷ 2 = 23

now we get here bond value that is

bond value = 1000 × (116 + \(\frac{12}{32}\) )%

bond value = 1163.75

and

number of compound period till the maturity will be NPER

NPER = no of compounding peryear × time period  

NPER = 30 ×  2 = 60

so now we get here yield of maturity by excel formula that is

yield of maturity = RATE(NPER,PMT,-PV,FV) × 2

yield of maturity = RATE(60,22.5,-1163.75,1000) × 2

yield of maturity =3.60 %

How does a bank enforce the requirement of safeguarding your money?

Answers

The use of Mobile banking and electronic means of sending money is a requirement for safeguarding your money.

How does bank help to safeguarding your money?

Individual keep or safe money in the bank to avoid the risk of the money been stolen or loss due to improper way for handling.

Online transactions is one of the safeguard method's used by banks and electronic funds transfer (EFT).

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which of the following statements is true? the minimum amount that people will spend if disposable income is zero is called induced consumption. a rapid increase in the prices of residential housing results in an increase in consumption due to the wealth effect. as disposable income rises, induced consumption falls.

Answers

The true statement among the given options is A: "the minimum amount that people will spend if disposable income is zero is called induced consumption."

This is because induced consumption refers to the level of consumption that is necessary for basic needs and therefore must occur even when disposable income is zero, while options B and C are both false, as an increase in residential housing prices does not necessarily lead to an increase in consumption due to the wealth effect, and induced consumption actually increases as disposable income rises.

Induced consumption is a basic level of consumption that individuals must engage in to meet basic needs, and this level of consumption is required even when disposable income is zero, making option A correct.

Option B is incorrect because the impact of residential housing prices on consumption is complex and cannot be generalized, while option C is incorrect because induced consumption actually increases as disposable income rises, as individuals have more resources to engage in higher levels of consumption.

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A baby's parents want to provide for college. How much should be deposited on each of the child's first 17 birthdays to be able to withdraw 20,000 on each of the next 4 birthdays? Assume an interest rate of 5%

Answers

Approximately $4,176.47 should be deposited on each of the child's first 17 birthdays to be able to withdraw $20,000 on each of the next 4 birthdays, assuming an interest rate of 5%.

To determine how much should be deposited on each of the child's first 17 birthdays to be able to withdraw $20,000 on each of the next 4 birthdays, we can use the concept of present value and the formula for the present value of an ordinary annuity.

Given:

- Desired withdrawal amount on each of the next 4 birthdays: $20,000

- Interest rate: 5%

- Number of deposits: 17 (on the child's first 17 birthdays)

To calculate the deposit amount, we need to find the present value of the future withdrawals. Here's how we can do it:

1. Calculate the present value of the future withdrawals:

Using the formula for the present value of an ordinary annuity:

PV = PMT * [(1 - (1 + r)^(-n)) / r]

Where:

PV = Present Value (the total deposit amount)

PMT = Payment (withdrawal amount) = $20,000

r = Interest rate per period = 5% = 0.05

n = Number of periods (withdrawals) = 4

Plugging in the values, we have:

PV = $20,000 * [(1 - (1 + 0.05)^(-4)) / 0.05]

PV = $20,000 * [(1 - 0.8227) / 0.05]

PV = $20,000 * (0.1773 / 0.05)

PV = $20,000 * 3.546

PV = $70,920

2. Distribute the total deposit amount over the 17 birthdays:

Divide the present value by the number of deposits (17) to get the deposit amount on each birthday:

Deposit amount = $70,920 / 17

Deposit amount ≈ $4,176.47

Therefore, approximately $4,176.47 should be deposited on each of the child's first 17 birthdays to be able to withdraw $20,000 on each of the next 4 birthdays, assuming an interest rate of 5%.

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Which figure (amount) should be larger?
A. Expenses
B. income
C. Extras
D. Needs

Answers

ANSWER:

Income

WHY:

The expenses and extras and needs should all add up to the income and the income should be over these expenses


MARK ME BRAINLIEST PLEASE

Mod 7.3: Between the beginning of the year and the end of the year, Peach Co.'s Retained Earnings increased. Which of the following is the best and most likely explanation for this increase.
- Peach Co's net income was greater than its dividends.
- Peach Co's net profit is less than its dividend.
- Its dividend is less than Peach Co.'s net profit.
- Its dividend is greater than Peach Co.'s net profit.

Answers

Between the beginning of the year and the end of the year, Peach Co.'s Retained Earnings increased. The "Peach Co's net income was greater than its dividends". The correct option is A.

The net income is the total income which gets from the sells, investment, and property rent.

The best and most likely explanation for the increase in Peach Co.'s Retained Earnings is that its net income was greater than its dividends. Retained Earnings is the portion of a company's net income that is not paid out as dividends to shareholders, but rather is kept within the company to reinvest in the business or to pay off debt.

If a company's net income is greater than its dividends, then the amount of money that is retained within the company will increase, resulting in an increase in Retained Earnings. Therefore, option A, "Peach Co's net income was greater than its dividends," is the correct answer.

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Write a paragraph of two or three sentences that describes why it is important to participate in a global economy

Answers

Answer:

Explanation:

Participating in a global economy is essential in today's interconnected world. Globalization has led to the integration of economies and the free flow of goods, services, capital, and people across borders. Engaging in international trade and investment creates opportunities for businesses and individuals to access new markets, resources, and technologies, leading to increased innovation, competition, and economic growth. Moreover, participation in the global economy can help countries address global challenges such as poverty, inequality, and climate change by sharing knowledge and resources and promoting cooperation and collaboration.

Answer: Integrating people, companies, and nations into the world market is referred to as participating in the global economy. This entails engaging in activities like international trade, investing abroad, and exchanging goods, services, and ideas with people outside of one's own country.

Explanation: The importance of participating in the global economy cannot be overstated, for both individuals and nations. It makes it possible to reach bigger markets, a wider range of goods and services, and more lucrative business prospects. Participating in the global economy can boost income and profitability for firms while promoting economic growth and development for nations. Participating in the global economy also fosters creativity, teamwork, and cross-cultural understanding, all of which can result in new insights, developments, and understanding.

Hence it is essential for economic growth, innovation, tech and development, and international cooperation.

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What are the phases of Design Thinking and discuss its importance

Answers

Answer:

Design thinking is a non-linear, iterative process that teams use to understand users, challenge assumptions, redefine problems and create innovative solutions to prototype and test. Involving five phases—Empathize, Define, Ideate, Prototype and Test—it is most useful to tackle problems that are ill-defined or unknown.

Explanation:

Answer: Design thinking is a non-linear, iterative process that teams use to understand users, challenge assumptions, redefine problems and create innovative solutions to prototype and test. Involving five phases—Empathize, Define, Ideate, Prototype and Test—it is most useful to tackle problems that are ill-defined or unknown.

Explanation:

PLEASE HURRY!!! I WILL GIVE BRAINLIEST!!!
Which qualifications have an importance level higher than 60 for a career as a Customer Service Representative?

Select all that apply

▪️operation monitoring

▪️mathematics

▪️service orientation

▪️reading comprehension

▪️persuasion

▪️learning strategies

▪️speaking

Answers

Answer:

A,C,D,E

Explanation:

June 1: Byte of Accounting, Inc. Acquired $78,200 in cash from lauren and issued 3,400 shares of its common stock.

Answers

Answer:

Question requires that a journal entry is done;

Date                 Account Title                                     Debit                    Credit

June 1              Cash                                                $78,200

                        Common Stock                                                            $78,200

One common element of all mass media (whether it is a news article, TV commercial, book or anything intended for a large audience) is that the message is:

A. Emotional
B. Objective
C. Constructed

Answers

Answer:

C

Explanation:

most of mass media tries to advertise the people that are watching or looking at it a product of some sort

Given that number of daily purchases and if your average round-up was $0.50, how much would you end up investing...

Per day
Per month
Per year

Answers

Amount Invested per Day = (Number of Daily Purchases x $0.50)

Amount Invested per Month = (Number of Daily Purchases x $0.50) x 30

Amount Invested per Year = (Number of Daily Purchases x $0.50) x 365

What is an Investment?

An investment is known an asset or item acquired with the goal of generating income or appreciation. Investments are generally made to earn a return on the money or asset, increase one's wealth, or to generate a profit.

In order to calculate the amount invested per day, month and year when an average round-up of $0.50 is applied to the number of daily purchases, the following formula can be used:

Amount Invested/Day = (Number of Daily Purchases x $0.50)

Amount Invested/Month = (Number of Daily Purchases x $0.50) x 30

Amount Invested/Year = (Number of Daily Purchases x $0.50) x 365

For example, if one made 10 daily purchases, the amount invested would be calculated as follows:

Amount Invested/Day = (10 x $0.50) = $5

Amount Invested/Month = (10 x $0.50) x 30 = $150

Amount Invested /Year = (10 x $0.50) x 365 = $1,825

This formula can be used to calculate the amount invested for any given number of daily purchases and an average round-up of $0.50.

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What do you mean by search of trade?‌Why is it essential?​

Answers

Answer:

trade means buying and selling good and service

Answer:

it takes time,resourses and money to creat and luanch distinctive and affective brands..in most instances,trade searching id an important first step in any trade registration to avoid adopting brans that infrige third-party trademark rights.

Why do you think entrepreneurs set up businesses despite the risk of making a loss? Use examples to justify your answer.​

Answers

The reason why  entrepreneurs set up businesses even though they know there is a risk of loss is because they believe that the potential rewards outweigh the risks.

Why do entrepreneurs set up businesses regardless of risk ?

Entrepreneurship is the process of creating or starting a new business venture in order to make a profit. Entrepreneurs take the risk of starting a new business in the hopes of achieving financial success, personal satisfaction, and the ability to be their own boss. They are willing to put their own time, money, and effort into creating something new and innovative.

Entrepreneurs see opportunities in the market and believe that they can create a successful business by providing a product or service that meets the needs of consumers. They are driven by a desire to be in control of their own destiny, to create something new, and to make a positive impact on the world. They also hope to generate wealth, to create jobs and to contribute to the economy.

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Opportunity cost is best described by which of the following statements?
Choose 1 answer:
Choose 1 answer:

(Choice A)

The value of the next best option given up when making a decision

(Choice B)

The tradeoffs faced when choosing how to use a scarce resource

(Choice C)

The price to a consumer of a good or service

(Choice D)

The cost a buyer sees for something they want

(Choice E, Checked)

The monetary cost of any economic transaction

Answers

Answer:

The value of the next best option given up when making a decision.

Explanation: In Opportunity cost means what we give up to get it.

The worth of the next best choice foregone during decision-making. As a result, choice (A) is the right reaction.

What is opportunity cost?

The value or gain that is given up in return for engaging in a certain activity as opposed to engaging in a different activity is known as the opportunity cost in microeconomic theory.

To put it another way, it means that by deciding on one path of action (like making an investment), you are giving up the opportunity to choose an other course of action. The best activity is regarded as the one that produces the maximum return among all others, after deducting opportunity costs.

The objective of opportunity cost, which illustrates the relationship between scarcity and choice, is to ensure efficient use of scarce resources. It accounts for all direct and indirect costs associated with decisions.

Hence, option (A) is accurate.

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You are told that if you invest $11,000 per year for 23 years( all payments made at the end of each year) you will have accumulated $366,000 at the end of the period What annual rate of return is the investment offering.

Answers

Answer:

3.2%

Explanation:

this is an ordinary annuity:

future value of an ordinary annuity = annual payment x future value annuity factor

$366,000 = $11,000 x future value annuity factor

future value annuity factor = $366,000 / $11,000 = 33.2727

you can solve this in two ways:

the first is with a lot of math work in order to solve the following equation

33.2727 = [(1 + i)²³ - 1] / i

or

you can use an annuity calculator (available online) which will yield 3.2%

Which of the following is NOT a resource?
A
water
B.
food
C.
land
D.
jewelry

Answers

Answer:

D

Explanation:

It was never made when Earth was made

Answer:

jewelry not resource this is a correct answer

Which one of the following is NOT one of the four product characteristics that R&D can set?
A. reliability
B. performance
C. quality
D. age
E. size

Answers

Answer: Quality

Explanation: Not too sure but give it a try

Can someone please help me with this
Assignment 4R
(20 points)
Assignment 4R: Career Development
Instructions
Save this file in your course folder, and name it with Assignment, the assignment letter, the section number, and your first initial and last name. For example, Jessie Robinson's assignment 1R for Section 1 would be named Assignment1RJRobinson.
Type the answers to the assignment questions below. Use complete sentences unless the question says otherwise. You will have more than one day to complete an assignment. At the end of each day, be sure to save your progress.
Review Lesson 4 of the Course Overview for instructions about turning in your assignments.
Assignment Questions
In Section 4, you learned about career development. Now, you'll apply what you learned.
1. Describe an example of a task that it might make sense for a company to outsource. (1-2 sentences. 2.0 points)
2. Describe three things that you think are important for a company to include in its personnel policies. (1-3 sentences. 1.5 points)
3. Describe at least three pieces of information you would include when writing a job description. (1-3 sentences. 1.5 points)
4. Describe two methods you would use to find potential employees if you were in charge of advertising a job for a company. Explain why you would use these methods for advertising the job. (1-2 sentences. 3.0 points)
5. Describe at least two methods you would use to identify job opportunities if you were looking for a job. Explain why you would use these methods for job seeking. (1-2 sentences. 3.0 points)
6. Write your answers to at least three of the Lesson 2 questions on the What You Want from Your Life page. (1-3 sentences. 3.0 points)
TIP: Separately, you can write out a vision statement for yourself. Since it's personal, you don't have to turn in your vision statement, but you should turn in your answers to at least three of the questions about what you want from your life.
7. Describe a career you would like to have, and explain how you could get started and then advance in that career. (1-3 sentences. 3.0 points)
8. Which part of the online job application was easiest for you to complete? Which section was the most difficult? Give at least one example of work experience, education, or special skills that you included in the application. (2-5 sentences. 3.0 points) CAUTION: To protect your privacy, make sure you don't list the names of specific places where you've worked or gone to school.

Answers

Answer:

1. Describe an example of a task that it might make sense for a company to outsource. (1-2 sentences. 2.0 points)

Customer support, also known as phone support, is the best example of a task that makes a lot of sense to outsource in a corporation. Even if the costs can be large, there are several parts where hiring, having office space and training, and paying taxes on support representatives are not. It makes sense because it is the most effective way to outsource a business to provide a better service to the customer..

2. Describe three things that you think are important for a company to include in its personnel policies. (1-3 sentences. 1.5 points)

Human resources professionals are responsible for keeping personnel policies for the organizations for which they operate up to date. These policies regulate how a company is run, from recruiting and firing to sexual harassment and other types of workplace discrimination.New workers are given personnel policies to study, and they are often asked to sign a statement stating that they have reviewed and understand the policies. Policies and processes differ from one organization to the next, but some elements are shared.

3. Describe at least three pieces of information you would include when writing a job description. (1-3 sentences. 1.5 points)

Where they live, where they came from, and who to contact if anything bad happens are all mentioned under the heading details.Workplace Environment: Be aware of what is going on around you and ensure that it is secure for employees.They should have three or four skills: Being willing to complete the job that has been assigned to them.

4. Describe two methods you would use to find potential employees if you were in charge of advertising a job for a company. Explain why you would use these methods for advertising the job. (1-2 sentences. 3.0 points)

I would recruit for attitude and then train for skills using employee referral systems. When it comes to hiring, the employees can be a reliable source of information. They have acquaintances and colleagues who work in the same area. Create a policy that allows employees to refer qualified applicants for open positions within the organization. Since skills can be learned, a smart recruiter can look for attitude when hiring workers. The best applicant should have a positive attitude about a job that requires the necessary skills, which is difficult to come by in most cases. As a recruiter, the approach to use here is to find someone who has a good attitude about a work advertisement.

Consolidated financial statements are typically prepared when one company has a controlling interest in another unless:
A. The subsidiary is a finance company
B. The fiscal year-ends of the two companies are more than three months apart
C. Circumstances prevent the exercise of control
D. The two companies are in unrelated industries, such as real estate and manufacturing

Answers

Consolidated financial statements are typically prepared when one company has a controlling interest in another unless, but there are exceptions to their use, which depend on the specific circumstances of each situation, Option a b and c.

In general, a consolidated financial statement combines the financial results of a parent company and its subsidiaries into one report. It gives a clear picture of the entire group's financial health, rather than just one part of it.

However, there are situations where consolidated financial statements may not be prepared. One exception is when the subsidiary is a finance company. In this case, separate financial statements may be more appropriate, as finance companies often have unique reporting requirements.

Another exception is when the fiscal year ends of the two companies are more than three months apart. In this case, the time difference could make it difficult to accurately consolidate the financial results.

Circumstances preventing the exercise of control is another reason why consolidated financial statements may not be prepared. For example, if the parent company has limited control over the subsidiary, such as in cases of joint ventures, separate financial statements may be more appropriate.

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according to the behavioral approaches to leadership, how should companies create effective managers?

Answers

For companies to create effective managers, companies should: Train managers on task and relationship management.

An effective manager is someone who has the best interest of the company on mind and who has the skills to get things done.

For a manger to be effective it means such manager is task oriented and such person is more concerned on how he or she will more productive and efficient so as to accomplish their task.

Manager should have relationship management skill to build rapport with people or to relate with people regardless of their ethnics, sex, religion.

Inconclusion effective managers should be train managers on task and relationship management.

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