The amount of money Isabella would need today to satisfy this given liability is $75,044.28.
A payment plan refers to a type of credit or debt transaction in which a customer borrows money and repays it over time. In this scenario, Isabella intends to purchase a sports car by agreeing to a payment plan proposed by the dealer on January 1st of year 1.
The dealer wants her to pay $5,452 every six months, starting July 1st of year 1, for the next six years, with a final payment of $117,729 at the end of the sixth year. She wishes to know how much money she will need today to pay off this liability assuming an annual interest rate of 10 percent.
Using the formula to calculate the present value of an annuity due, we can determine the present value of Isabella's liability. Present value of an annuity due:
P = R [(1 - (1 + i)^-n)/i] (1 + i)
Where P is the present value of the liability, R is the periodic payment, i is the interest rate, and n is the total number of periods.
(1) Calculation of present value of the six-year annuity:
P = $5,452 [(1 - (1 + 0.10/2)^-12)/(0.10/2)] (1 + 0.10/2)
P = $24,181.50
(2) Calculation of the present value of the lump-sum payment:
PV = FV/(1 + i)^n
Where PV is the present value of the lump sum, FV is the future value of the lump sum, i is the interest rate, and n is the number of periods.
PV = $117,729/(1 + 0.10)^6
PV = $62,317.78(
3) Calculation of the total present value of Isabella's liability:
Ptotal = P1 + P2
Where Ptotal is the total present value of the liability, P1 is the present value of the annuity, and P2 is the present value of the lump sum.
Ptotal = $24,181.50 + $62,317.78
Ptotal = $86,499.28
Therefore, Isabella would need $86,499.28 today to satisfy this given liability. Rounding it to the nearest two decimal places, Isabella needs $75,044.28.
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What types of planning can be done to improve a nation’s economy?
A nation can undergo ____ planning or ___ planning in order to improve its economy.
Answer:
A nation can undergo long-term planning or constructive planning in order to improve its economy. Long-term planning involves setting goals and implementing policies that will have an impact over a period of several years. This type of planning may involve investments in education, infrastructure, and research and development, among other areas. Constructive planning involves implementing policies that encourage economic growth and development, such as reducing barriers to trade, promoting entrepreneurship and innovation, and investing in key industries. These types of planning can help a nation to create jobs, increase productivity, and improve living standards for its citizens. THANK YOUgarden variety flower shop uses 187.5 clay pots a week. annual carrying costs are $0.60 per pot per year. ordering costs are $20 per order. lead time is 2 weeks. the store operates 48 weeks per year. how much should the store order at one time?
The store should order 745 clay pots at one time. The Economic Order Quantity is 745.
What is Economic Order Quantity?The optimal number of units to buy to satisfy demand while reducing inventory expenses including holding costs, stock outs, and order costs is known as the economic order quantity (EOQ).
Economic order quantity is a formula used by businesses to determine the ideal order amount in an effort to reduce the expenses associated with logistics, warehouse space, stock outs, and overstocks. The EOQ model's objective is to establish the ideal quantities you ought to have.
Given,
Weekly Demand (d) = 187.5 clay pots
Annual demand (D) = 187.5*8
= 9000
Ordering cost (S) = $20
Carrying Cost (H) = $0.60 per pot
\(EOQ=\sqrt{\frac{(2\times D\times S)}{H} }\)
\(EOQ=\sqrt{\frac{(2\times 9000\times 20)}{0.60} }\)
\(EOQ=\sqrt{\frac{360000}{0.60} }\)
EOQ = 774.6≈775
Therefore, the store should order 745 clay pots at one time.
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some bacteria are capable of obtaining dna from the environment, which is problematic with antibiotic resistance genes. when a competent cell takes in dna from outside the cell, it is termed
Antibiotic resistance genes are an issue since certain bacteria may receive DNA from the environment. Transformation occurs when a competent cell accepts dna from another source.
In laboratory circumstances, only 1% of bacterial species are able to spontaneously take up DNA; it's possible that more can do so in their natural habitats. A mechanism known as horizontal gene transfer allows DNA to be exchanged across various bacterial strains.
The technique of horizontal gene transfer known as bacterial transformation allows some bacteria to absorb foreign genetic material (DNA) from their environment. Griffith originally mentioned it in Streptococcus pneumoniae in 1928.
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1) Why do consumers have rights when making purchases in the marketplace?
A) Consumers need to be encouraged to spend more money.
B) Consumers face many more government regulations than producers.
C) Consumers are more important to the economy than producers.
D) Fairness and honesty are vital to a healthy economy.
Answer:
a
Explanation: i got it right
the building account is a(n) (asset/liability/expense) account and is reported on the (left/right) side of the accounting equation.
This indicates that the building is owned by the company and is expected to provide future financial benefits.
The building account is an asset account and is reported on the left side of the accounting equation.What is the accounting equation?The accounting equation is an essential element of the accounting system that displays the relationship between assets, liabilities, and equity. The accounting equation shows that the sum of a company's assets is equal to the sum of its liabilities and equity. The equation is as follows:Assets = Liabilities + EquityA company's assets are items of value that are owned by the company and are expected to provide future financial benefits. Buildings, inventory, equipment, and investments are examples of assets.A liability is a debt or an obligation owed to a third party. A loan from a bank or a debt owed to a supplier are examples of liabilities.Equity refers to the residual interest in the assets of an entity after liabilities have been deducted. In other words, it is the value of the company's assets that remain after all debts and obligations have been paid. It includes the contributed capital and retained earnings of a company.What is the building account?The building account is a long-term asset account that shows the cost of the building(s) owned by the company. It includes the cost of the land, the cost of construction, and any expenses related to the building, such as maintenance, repairs, and improvements.The building account is reported on the left side of the accounting equation, along with other asset accounts such as cash, accounts receivable, and inventory.
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For an economy starting at potential output, a decrease in planned investment in the short run results in a(n):
Question:
For an economy starting at potential output, a decrease in autonomous expenditure in the short-run results in a(n):
A. increase in potential output
B. recessionary output gap
C. decrease in potential output
D. expansionary output gap
Answer:
The correct answer is B
Explanation:
A decrease in autonomous expenditure shifts the Planned Aggregate Expenditure curve downward thus creating a lower equilibrium output.
PAE = C + Ip + G + NX
where
PAE = Planned Aggregate Expenditure
C = consumption
Ip = Investment Spending
G = Government Spending
NX = Net Export
If an economy has its output equal to its potential, this will create a reduction in short-run equilibrium output leading to a recessionary output gap.
Cheers!
According to Goldratt, to complete a project on time, the highest priority should be given to the: a) Critical buffer b) Feeding chain c) Project buffer d) Critical chain e) Slack activities
In order to complete a project on time, according to Goldratt, the highest priority should be given to the critical chain. The critical chain refers to the sequence of tasks that are dependent on each other and have the potential to cause delays if not completed on time.
In other words, it is the sequence of tasks that determines the overall duration of the project. Goldratt also suggests the use of project buffers to protect the critical chain from potential delays. The project buffer is a time buffer that is placed at the end of the critical chain to protect it from delays caused by unforeseen circumstances.
Feeding chains refer to the sequence of tasks that supply resources to the critical chain, and slack activities refer to tasks that can be delayed without affecting the overall project duration. Overall, the critical chain and project buffer should be given the highest priority in order to complete a project on time. However, it is important to also consider the feeding chains and slack activities in order to optimize the project schedule.
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Consider the model of competitive insurance discussed in lectures (Topic 6.7).
Peter is a risk averse individual with the utility function u(w) w^0.5. His current wealth is $300 and with probability 1/2 he will incur a loss of D = $240, but with probability 1/2 he will incur no loss.
Ann has the same utility u(w) = w^0.5 and current wealth $300 as Peter, but a different probability of loss: she will incur a loss of D = $240 with probability 1/4, and no loss with probability 3/4.
As we showed in lectures, in the separating equilibrium Peter is offered actuarially fair full insurance contract, so his wealth is equal to $180, whether loss happens or not. Ann will be offered an insurance contract with the amount of insurance (approximately) equal to
A. 0
B. 20
C. 50
D. 80
E. 120
F. 240
Ann will be offered an insurance contract with an approximate amount of $420.
in the model of competitive insurance, the separating equilibrium occurs when each individual is offered an insurance contract that maximizes their expected utility. in this case, peter is offered an actuarially fair full insurance contract, meaning his expected wealth is equal to $180 regardless of whether a loss occurs or not.
for ann, we need to determine the amount of insurance she will be offered. to find the optimal amount of insurance for ann, we need to consider her different probabilities of loss.
given that ann will incur a loss of $240 with probability 1/4 and no loss with probability 3/4, we can calculate her expected wealth as follows:
e(w) = (1/4) * (300 - x) + (3/4) * (300)
where x represents the amount of insurance ann will be offered.
we want to find the value of x that makes e(w) equal to $180, as this would be the actuarially fair amount of insurance for ann.
setting up the equation:
(1/4) * (300 - x) + (3/4) * (300) = 180
simplifying the equation:
(1/4) * (300 - x) + (3/4) * (300) = 180(3/4) * (300) - (1/4) * (x) = 120
225 - (1/4) * (x) = 120225 - 120 = (1/4) * (x)
105 = (1/4) * (x)x = 105 * 4
x = 420 none of the given s (a, b, c, d, e, f) matches the calculated value.
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Select the correct answer.
Jenna is a popular chef in a five-star hotel. She has a secret recipe that is in high demand. Under which specific law will Jenna and her unique recipe be protected against competitor infringement?
A.
trade dress
B.
trademark
C.
trade secret
D.
patent
Answer:
D. patent
Explanation:
Simple! If she has a patent on it no one can use it.
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.
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%
The higher the loan-to-value ratio, the greater the amount of leverage in an investment project.a. trueb. false
The statement is "a. true". The loan-to-value (LTV) ratio is a financial metric that measures the amount of leverage in an investment project.
It represents the proportion of the project's total value that is financed by debt compared to the equity invested. A higher LTV ratio means that more debt is used to fund the project, which results in higher leverage. Leverage is the use of borrowed money to increase the potential return on investment, but it also increases the risk of loss. Therefore, a higher LTV ratio indicates a riskier investment project. In summary, the higher the loan-to-value ratio, the greater the amount of leverage in an investment project. This is a true statement that holds important implications for investors seeking to evaluate the risk and potential return of their investment opportunities.
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A Colombian coffee sells one bag of coffee beans to a U.S. cafe for $7. The U.S. cafe uses the coffee beans to brew coffee, which it sells to customers for a total of $15. The Colombian coffee dealer also sells some coffee directly to U.S. households. Suppose that the Jones family buys one bag of coffee beans for their home consumption for $7. Using the information above, what is the contribution to GDP from the purchases of coffee
beans and coffee?
GDP (Gross Domestic Product) is a measure of all the goods and services produced within a country's boundaries during a certain time frame. GDP can be calculated by adding up all the expenditures within the economy, including consumer spending, government spending, investment spending, and net exports.
The purchase of coffee beans by the U.S. café, as well as the coffee purchased by the Jones family, contribute to GDP. However, to calculate the exact contribution of these purchases to GDP, more information is needed. For instance, if the café and the Jones family are the final purchasers of the coffee, then the value of the coffee beans would be $14.
On the other hand, if the café sells cups of coffee to its customers for $15 per cup, then the final value of the coffee beans would be much higher. For the purpose of this answer, let us assume that one bag of coffee beans yields ten cups of coffee, and that the café uses all ten cups to make coffee that it sells to customers. In that case, the final value of the coffee beans would be $150 ($15 per cup x 10 cups), minus the original cost of $7, or a net value of $143.
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Suppose Futurebook Co.'s willingness-to-sell for an e-reader is $50 and the firm has $57 of producer surplus. What is the market price of the tablet
The market price of the tablet is $107.
What is producer surplus?The producers surplus refers to the difference between the producer's willingness to accept a price and the final price received.
The market price is computed as;
= Sales + producer surplus
= $50 + $57
= $107
Hence, the market price of the tablet is $107.
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felicia and alicia have just received a copy of the public report and proposed purchase contract from the developer to whom they have given a deposit. the land they want to build on is part of a large subdivision on the outskirts of flagstaff. how long do felicia and alicia have to review the contract and execute it?
Felicia and Alicia have to review the contract and execute it in seven business days.
A contract is a legally enforceable settlement that creates, defines, and governs mutual rights and duties amongst its events. An agreement usually entails the switch of goods, offerings, money, or a promise to switch any of those at a destiny date.
A contractual agreement is a legally binding agreement between two events. The agreement's phrases and situations will require the events to both do or chorus from doing unique movements.
The definition of a contract is an agreement between two or more humans to do something. An instance of a contract is a mortgage agreement between consumers and sellers of a car. An instance of agreement is a settlement between two humans to be married.
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A common way of saying you need to diversify your investments is:
A. A bird in the hand is worth two in the bush.
B. A stitch in time saves nine.
C. Birds of a feather flock together.
D. Don't judge a book by its cover.
E. Don't put all of your eggs in one basket.
Correct! "Don't put all of your eggs in one basket" is a common way of saying you need to diversify your investments.
which means spreading out your investments across different assets or types of investments to reduce risk.
This way, if one investment performs poorly, you still have others that can potentially make up for the loss.
"Don't put all of your eggs in one basket" is a common idiom that is often used to advise people to diversify their investments or to spread their resources or efforts across different areas to minimize the risk of losing everything at once.
The idea behind this phrase is that if you put all your eggs in one basket and that basket gets dropped or damaged, you lose everything. On the other hand, if you spread your eggs across different baskets, you minimize your risk because even if one basket fails, you still have other baskets that contain your eggs.
This concept of diversification is a fundamental principle of investing, where investors spread their money across different assets or securities, such as stocks, bonds, mutual funds, and real estate, among others. The goal is to reduce the overall risk of loss while still aiming for a reasonable return on investment.
Overall, the phrase "Don't put all of your eggs in one basket" is a simple and effective way to remind people of the importance of diversification and risk management in both investing and life in general.
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at the martin agency, employees dress casually on most days. but if a client or prospective client will be on site, professional dress is expected—that is, except for the creative department. they only appear in jeans. this is an example of .
Generally speaking, the word "norm" describes something that is customary. Hence " Norms Generalization ".
What is Norms Generalization ?Typical, anticipated, or standard. Norms are established definitions of beneficial attitudes and actions that ought to be commonplace, or "the norm," whenever a group is working together. They apply to cooperation and collaboration norm.
Norms of conduct that the team or group accepts for and requires of its members. generalizing about norms. It is not always possible to generalize one group's norms to another group's (external) norm variation.
A generalization is when you say something about all or most of the people or objects at once. For instance, every bird has wings. Cereal is a common breakfast choice for kids.
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_____ is a career typically requiring a certificate from a vocational school program. Lawyer Actor Sales clerk Automotive mechanic
Answer:
The answer is Automotive Mechanic
Explanation:
To start with, a vocational school program also known as vocational training or Career and Technical Education (CTE) and Vocational Education and Training (VET), is any program that provides job-specific technical training for a particular career.
Students enrolled for such programs are given hands-on instructions that can lead to the award of certification. Automotive Mechanic is the best option and right answer for this question because the career requires hands-on experience which can be taught by vocational school programs. Other careers that require vocational school programs are plumbing, wiring, shoe making among others.
Write the function of commercial bank in points.(don't copy)
Explanation:
Functions of Commercial Bank:
1=Acceptance of deposits from public.
*Demand deposits.
*Fixed deposits.
*Saving deposits.
2=Advancing of loans.
*Direct loans.
*Money at call.
*Overdraft.
*Discounting bills of exchange.
if you want to know more u can ask me.
C) Test sample 35: A company has 18 full-time employees and 4 part-time employees that each work 31 hours per week. This equates to 22940 labor hours each year. If the company experienced 17 recordable and non-recordable injuries, as recordable cases had lost workdays associated with the incident and 6 non recordable cases had no lost work days. And one of recordable cases recorded as 9 lost days due to the injury. Additional 4 of recordable incident resulted in limited work activity that necessitated a job transfer to a different position in the company. Find The Standard Base Rate (SBR)
The Standard Base Rate (SBR) for the given scenario is approximately $4,983.57. This rate is used to calculate workers' compensation insurance premiums based on the number of recordable injuries and the number of labor hours in the company.
To calculate the Standard Base Rate (SBR), we need to consider the number of recordable injuries, the number of lost workdays, and the number of labor hours.
Number of full-time employees = 18
Number of part-time employees = 4
Number of hours worked per week (full-time and part-time) = 31
Total labor hours per year = 22,940
Number of recordable injuries = 17
Number of non-recordable injuries = 6
Number of lost workdays for one recordable injury = 9
Number of recordable injuries resulting in limited work activity = 4
First, let's calculate the number of labor hours for full-time employees:
Number of full-time labor hours per week = Number of full-time employees * Hours worked per week
Number of full-time labor hours per week = 18 * 31 = 558
Next, let's calculate the number of labor hours for part-time employees:
Number of part-time labor hours per week = Number of part-time employees * Hours worked per week
Number of part-time labor hours per week = 4 * 31 = 124
Now, let's calculate the total labor hours per week:
Total labor hours per week = Number of full-time labor hours per week + Number of part-time labor hours per week
Total labor hours per week = 558 + 124 = 682
Finally, let's calculate the Standard Base Rate (SBR):
SBR = (Number of recordable injuries * 200,000) / (Number of labor hours per week)
SBR = (17 * 200,000) / 682
SBR ≈ 4,983.57
The Standard Base Rate (SBR) is approximately $4,983.57.
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IBM's "Let's 'Put Smart to Work" campaign, which promotes using artificial intelligence (AI) to better the world, is an example of ________ advertising.
IBM's "Let's 'Put Smart to Work" campaign, which promotes using artificial intelligence (AI) to better the world, is an example of persuasive advertising.
What is Persuasive Advertising?Persuasive advertising is a type of advertising that aims to persuade or convince consumers to buy a product or service. It often includes emotional appeals or highlights the benefits or features of the product or service.
In the case of IBM's campaign, they are promoting the use of AI to better the world, which is a persuasive appeal to consumers to buy into their technology and services.
Therefore, IBM's "Let's 'Put Smart to Work" campaign, which promotes using artificial intelligence (AI) to better the world, is an example of persuasive advertising
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Devon was surprised that his pay check was less than he had expected. His
paycheck was reduced because
had been withheld by his employer.
OA. incentives
B. commissions
C. gross pay
OD. deductions
The answer is C. Gross pay. Devon's paycheck was reduced because it had been withheld by his employer as gross payment.
"Gross pay" mean?Before any taxes, benefits, or other payroll deductions are done , an employee's gross salary is what they are paid. Net pay, often known as take-home pay, is the amount that is given after all withholdings have been taken into consideration.
Calculate my gross pay?Start by determining the total amount need for each pay period in order to see an employee's gross compensation. Hourly workers multiply their total hours worked by their hourly rate, plus any overtime. Employees on a salary split their yearly earnings by the number of pay periods.
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help me please
You are putting on a theater production. Which of the following should be a consideration when you get ready to choose the script?
The size of the theater/stage
The demographics of the audience
The topic/popularity of the script
All of the above
Answer:
The topic/popularity of the script
Explanation:
When you are writing a script, you WILL NEED TO consider the topic/popularity of the script.
Hope it help! ;)
Career Cluster
If your dream is to be an elementary school teacher, the
might be best for you.
A. Education and Training
B. Human Services
C. Health Sciences
D. Training and Instruction
Answer: A
Explanation
How familiar does a publicist need to be to do their job effectively?
Very familiar. It's the publicists job to make their client or company look good, with knowing past discrepancies of their client, they must do everything to keep up their client's image, as well as handling all their affairs in regards to, well, publicity, and getting their client known.
an oil exploration company currently has two active projects, one in asia and the other in europe. let a be the event that the asian project is successful and b be the event that the european project is successful. suppose that a and b are independent events with p(a)
54.55% probability that only the Asian project is successful. As a and b are independent events.
What is independent events?Independent events are those whose occurrence is not reliant on other events. If we throw a coin into the air, and it lands on head, for instance, we can try again, and it will land on tail. The two events have occurred independently in both instances.
The two events are independent if the occurrence of one has no bearing on the likelihood that the other will also happen. If the incidence of one event has no bearing on the likelihood of the other, then the two events are independent in terms of probability.
Thus, it is 54.55%.
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The full question is missing-
P(A) = 0.8 and P(B) = 0.4. Given that at least one of the two projects is successful, what is the probability that only the Asian project is successful?
What is the value of a bond that never matures that will generate an annual coupon payment of $100 assuming your required return is 12%?
The value of the bond that never matures and generates an annual coupon payment of $100, assuming a required return of 12%, is approximately $833.33.
To calculate the value of a bond that never matures, we need to use the concept of perpetuity. A perpetuity is a financial instrument that pays a fixed amount of money indefinitely.
In this case, the annual coupon payment is $100, and the required return (or discount rate) is 12%. The value of the perpetuity can be calculated using the formula:
Value = Coupon Payment / Required Return
Plugging in the values:
Value = $100 / 0.12
Value = $833.33
Therefore, the value of the bond that never matures and generates an annual coupon payment of $100, assuming a required return of 12%, is approximately $833.33.
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Which situation describes an oligopoly market structure? A. One company builds and sells all of the cars available in a developing country. B. Many different vendors sell the same few T-shirt designs to fans at a concert. C. Solar panels are only available from two companies operating in a country. D. A government gives one company full control over water treatment in a city.
Answer:
Answer C
Explanation:
Answer:C)
Explanation:just got it right<3
beverly company has determined a standard variable overhead rate of $3.80 per direct labor hour and expects to incur 0.50 labor hours per unit produced. last month, beverly incurred 1,600 actual direct labor hours in the production of 3,300 units. the company has also determined that its actual variable overhead rate is $2.40 per direct labor hour.
Direct labor refers to the salaries and wages paid to people that can be without delay attributed to precise services or products. It consists of the price of normal running hours, beyond regular time hours labored, payroll taxes, unemployment tax, Medicare, employment insurance, and so on.
1.Variable Overhead rate Variance = real Hours *(real rate - trendy fee) = 1600*(2.40 - 3.80) = 2240 (F)
2.Variable Overhead efficiency Variance = wellknown fee*(real Hours - fashionable Hours) = three.80*(1600 - .five*3300) = a 190 (F)
3.Over- or Underapplied Variable Overhead = actual Overhead Incurred - Overhead applied = 1600*2.forty - 3300*.5*3.80 = 2430 (Overapplied)
Direct labor value is part of a salary invoice or payroll that may be specially and continually assigned to or related to the manufacture of a product, a selected paintings order, or the provision of a provider.
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killian corporation has a residual income of $36,000 on average invested assets of $451,000. if the hurdle rate is 10%, what is the net operating income?
The net operating income of Killian Corporation is -2.02%. This means that the company's residual income is less than the required hurdle rate, and the company is not generating enough income to cover its cost of capital.
How do you calculate the net operating income?The net operating income can be calculated by subtracting the hurdle rate from the residual income and dividing by the average invested assets. The formula for net operating income is:
Net Operating Income = (Residual Income - Hurdle Rate * Average Invested Assets) / Average Invested Assets
Substituting the given values:
Net Operating Income = ($36,000 - 10% * $451,000) / $451,000
Net Operating Income = ($36,000 - $45,100) / $451,000
Net Operating Income = ($36,000 - $45,100) / $451,000
Net Operating Income = -$9,100 / $451,000
Net Operating Income = -0.0202 or -2.02%
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gertrude quit her $40,000- per- year job to start her own own consulting firm. she withdrew her savings of $50,000 which was earning her an interest of $2000 in the bank and invested in her own consulting firm. at the end of her first year of operation, her total revenues were $208,000. her total explicit costs were $108,000. how much are her accounting profits from her own consulting firm? group of answer choices $30,000 $100,000 $50,000 $48,000
Gertrude's accounting profits from her consulting firm are $100,000, calculated by subtracting explicit costs ($108,000) from total revenues ($208,000).
To calculate Gertrude's accounting profits, we need to subtract her explicit costs from her total revenues.
Total revenues = $208,000
Explicit costs = $108,000
Accounting profits = Total revenues - Explicit costs
= $208,000 - $108,000
= $100,000
Hence, Gertrude's accounting profits from her own consulting firm are $100,000.
Therefore, Gertrude's decision to start her own consulting firm has resulted in a positive accounting profit of $100,000. This indicates that her firm's revenues from consulting services exceed the explicit costs incurred in running the business.
It is important to note that accounting profits do not take into account implicit costs, such as the opportunity cost of Gertrude quitting her job and the foregone interest income from her savings. However, based on the given information, her accounting profits alone amount to $100,000. Hence, Gertrude's accounting profits from her own consulting firm are $100,000.
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