So, the balance in the note payable account after the first payment is $20,912.45. The correct answer is (c) $27,076.
To calculate the present value of the note, we can use the formula:
PV = \(FV / (1 + r)^n\)
here PV is the present value, FV is the future value, r is the interest rate, and n is the number of payments.
The future value of the note is $30,000, and the interest rate is 7%. The number of payments is 8 years x 12 months/year = 96 months.
These values into the formula, we get:
\(PV = $30,000 / (1 + 0.07)^{96\)
PV = $30,000 / 1.29485
PV = $22,937.55
Therefore, the present value of the note is $22,937.55.
The balance in the note payable account after the first payment is:
Payment = 2,025
New balance=22,937.55 - 2,025
=20,912.45
Therefore, the balance in the note payable account after the first payment is $20,912.45.
Thus, the correct answer is (c) $27,076, which is the amount that would be reported in the note payable account on December 31 of the first year if the company made the first payment on January 1.
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A motor vehicle sold on credit to C. Kelly will require which of the following entries:
Debit Purchases, Credit C. Kelly
Debit motor vehicle, Credit C. Kelly
Debit C. Kelly, Credit purchases
Debit C. Kelly, Credit Motor vehicle
When a motor vehicle is sold to C. Kelly on credit, the relevant entries would be Debit C. Kelly, Credit Motor vehicle.
When an item is sold on credit to an entity, that entity becomes an Accounts Receivable. As this is an asset, it is debited when it increases which is the case here with C. Kelly purchasing the car on credit.
The motor vehicle account is an asset and assets are credited when they decrease. By selling the vehicle, the motor vehicle account will be credited to show that motor vehicles have decreased.
In conclusion, the accounting entry for the above scenario would be Debit C. Kelly, Credit Motor vehicle.
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COMMON MEASURE OF WHAT SOMETHING IS WORTH OR WHAT SOMETHING COSTS
Answer:
price. is the answere I am almost certain
estion 8 of 16 >
Macmillan Learning
The overall population for Region A is 103 million people. The labor force contains 50 million people, 26 million people are
employed, and 24 million are unemployed. What is the unemployment rate? Round your answer to two decimals.
%
The unemployment rate is 0.48. Unemployment Rate = Unemployed Force / Total Labor Force, which is 24÷50= 0.48.
What is the unemployment rate?The unemployment rate can be understood as the percentage of the labour force without a job. It generally rises or falls in the wake of changing economic conditions, rather than anticipating them which shows it is a lagging indicator This rate can be expected to rise when the economy is in poor shape and jobs are scarce. If the economy grows at a healthy rate and jobs are relatively many, it can be expected to fall.
The unemployment rate refers to the percentage of unemployed individuals in an economy among individuals currently in the labour force.
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Washington has an extensive collection of baseball cards. He wants to know how much his mint condition, rookie-year Hank Aaron card is worth. How might he determine the card’s current market value?
Explanation:
It is recommended by some to determine a card's current market value of by determining whether the card has been professionally graded by the Professional Sports Authenticator, if yes, then one can check up the value on the Sports Market Report (SMR).
However, the Hank Aaron card is Estimated to have a PSA 9 Mint Value of $17,500.
Someone please help will mark as brainliest
Answer:
1. B
2. D
3. C
4. A
Explanation:
Happy Holidays :)
Jared has earned 23% of the $52 he needs to buy a new jacket. Find 23% of $52. Which expression can you use to find 23% of 52? .. 23% of $52 is $.. An easy way to check your answer is to use the friendly and divide 52 by to get ..
52
Explanation:
52 .................
Answer:
23% of 52= 0.23*52=11.96
Explanation:
Explain why socialist societies do not use a circular flow chart.
A student will decide to attend class when
A. The Marginal Cost in low
B. The Marginal Benefit of attending exceeds the marginal cost of attending
C. There is an attendance policy
D. The Marginal Benefit is positive
A student will decide to attend class when there is an attendance policy. Thus, option (c) is correct.
What is policy?The term policy refers to are the rules are the described in the details are the mention. The policy are the making follow to the country and the employees of the company. The policy are the making the company of the solving the issues.
A student was the decided to regularly attend lectures or classes was the main motive to fulfill the attendance policy. The attendance was the necessary to appear in the exam. An attendance was the help to gain good marks in the exams. An attendance policy was the best policy.
As a result, the student will decide to attend class when there is an attendance policy. Therefore, option (c) is correct.
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an offer that can only be accepted by an offere's performance creates a(n) __________________________ contract
Answer: unilateral contract
Explanation:
An unilateral contract is a contact that is formed when an individual offers to do a particular thing in return for either money or something else that was agreed on.
Once such individual does that thing, he or she has to be given what was agreed on in the contract. A typical example is the contact regarding an insurance policy.
Therefore, an offer that can only be accepted by an offere's performance will create a unilateral contact.
What is an opportunity cost give answer?
The concept mentioned is Opportunity cost. It is the value or benefits given up by engaging in that activity, relative to engaging in an alternative activity.
Opportunity costs represent the implicit benefits that an individual, investor, or business misses out on when choosing one volition over another. occasion cost is generally defined as the coming stylish volition.
Also, known as the indispensable cost, it's the loss of gain which could have been gained if another volition was chosen. Because occasion costs are unseen by description, they can be fluently overlooked.
occasion costs incorporate the cost and benefit of each choice, which can at times be challenging to estimate. occasion costs are forward-looking.
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How is being comfortable with risk and flexibility important to having an entrepreneurial mindset?
An entrepreneurial mindset is a set of skills that enable people to identify and make the most of opportunities, overcome and learn from setbacks, and succeed in a variety of settings. This means that being too stubborn and unyielding in your approach can be a recipe for stress and potential business disaster. Being flexible as an entrepreneur can provide you with an important competitive edge. It helps you to exploit opportunities as and when they arise. Successful entrepreneurs stick to the basic principles of risk management: They look for opportunities where if they fall short they lose only a certain value, but if they win they could stand to gain 10 times as much. And the best entrepreneurs never bet more than they can afford to lose. They always consider Plan B (as well as Plan C, D and E) in case the current program doesn’t work out as expected.
Hope that this gives some insight on the topic :)
What is McKinsey most known for?
McKinsey & Company is a management consulting firm that is well known for its expertise in providing advisory services to businesses, governments, and non-profit organizations. The company is widely recognized for its rigorous analytical approach, deep industry knowledge, and strategic insights.
McKinsey is particularly known for its work in the areas of strategy, operations, organization, and technology, and has a reputation for helping clients solve complex business problems and drive transformative change. The firm has been involved in some of the largest and most high-profile business transformations and mergers in recent history, and has advised many of the world's leading companies and governments. McKinsey is also known for its thought leadership and research, which often explores cutting-edge business trends and offers insights into how companies can stay ahead of the curve. The firm's publications, including the McKinsey Quarterly and McKinsey Global Institute reports, are widely read and respected in the business community.
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Describe the goal of a good financial manager according to you?
Answer:
Financial managers are responsible for the financial health of an organization. They produce financial reports, direct investment activities, and develop strategies and plans for the long-term financial goals of their organization. Financial managers typically: ... Help management make financial decisions.
Type the correct answer in the box. Spell all words correctly.
Ideally, what should more than one member of the family contribute to for a better financial position?
A family can have more than one person contributing to the household _______
for a better financial position.
A family can have more than one person contributing to the household income for a better financial position.
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♥️ \(\large{\underline{\textcolor{red}{\mathcal{SUMIT\:\:ROY\:\:(:\:\:}}}}\)
What type of transactions should be recorded in the Payment, Fee, Withdrawal column
of your check register?
real gdp for the year 2000 measured in 2005 dollars is equal to
real gdp for the year 2000 measured in 2005 dollars is equal to
The real GDP for the year 2000 measured in 2005 dollars would depend on the specific data and the GDP deflator for that period. Without that information, it is not possible to provide an exact figure.
To calculate the real GDP for a specific year measured in different dollars (in this case, 2005 dollars), you would need two pieces of information: the nominal GDP for the year in question and the GDP deflator for both years.
The GDP deflator is a measure of the price level in an economy and is used to adjust nominal GDP into real GDP. It is calculated by dividing the nominal GDP by the real GDP and multiplying by 100.
However, without the specific data for the nominal GDP in 2000 and the GDP deflator for both 2000 and 2005, it is not possible to provide an accurate calculation or determine the real GDP in 2005 dollars for the year 2000.
To determine the real GDP for the year 2000 measured in 2005 dollars, the specific data for the nominal GDP in 2000 and the corresponding GDP deflator would be required. Without that information, it is not possible to provide a precise answer.
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Which one of the following is the set of portfolios that provides the maximum return for a given standard deviation? A. minimum variance portfolio B. Markowitz efficient frontier C. correlated market frontier D. asset allocation relationship E. diversified portfolio line minimum variance portfolio Markowitz efficient frontier correlated market frontier asset allocation relationship diversified portfolio line
Option B is the correct answer. Maximum return for a given standard deviation is provided by the Markowitz efficient frontier.
What is Markowitz efficient frontier?Modern portfolio theory is built on the efficient frontier theory, which Nobel Laureate Harry Markowitz first proposed in 1952. (MPT). Portfolios (investments) are rated by the efficient frontier using a return vs risk (y-axis) scale (x-axis).Harry Markowitz proposed the Markowitz model, a portfolio optimization model, in the field of finance in 1952. It aids in choosing the most effective portfolio by examining several potential portfolios of the supplied assets.Additionally, the Markowitz model is unable to precisely determine the expected return and the associated risk when there are too many samples and data. Additionally, it is asserted that the returns on individual assets do not line up with variance.Option B is the correct answer. Maximum return for a given standard deviation is provided by the Markowitz efficient frontier.
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influences of Business environment,
Factors that Influence the business environment are :
Economic environmentSocial environmentTechnological environmentPolitical environmentLegal environment
The business environment means the total of all the individuals, and institutions that could affect the working of the business firm.
Importance of business environment:
Business environments help the firm to prepare itself for every possible obstruction or hindrance that can affect the functioning of the firm.It also helps the firm to adjust to frequent changes.The economic environment is all the things that create an economic impact on the firm.
The social environment is all the traditions and customs of the society that creates an impact on the firm.
The technological environment is all the impact on the firm caused due to new technology and upgradations.
The political environment is the conditions and behavior that the elected representatives hold toward the business
The legal environment is entirely based on the rules and legislation of the authorities.
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If money demand is less sensitive to interest rate changes, the LM curve will a. remain unaffected b. become stepper c. become flatter d. shift to the right
If money demand is less sensitive to interest rate changes, it means that people are less likely to adjust their money holdings in response to changes in interest rates. In this case, the LM curve will become flatter.
Here's why: The LM curve represents the combinations of interest rates and income levels that maintain equilibrium in the money market. It shows the relationship between the interest rate and the level of income at which money demand equals money supply.
When money demand is less sensitive to interest rate changes, it means that the slope of the LM curve becomes less steep. This is because a smaller change in interest rates is required to bring money demand in line with money supply, given the same change in income.
So, the correct answer is c. become flatter.
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As a corporation grows in size of employment, perhaps becoming influential nationally or globally, what public perception is developed?
A. perceived prominence
B. perceived relevance
C. perceived permanence
As a corporation grows in size of employment C. perceived permanence is developed.
A enterprise, every so often called a C corp, is a legal entity it really is cut loose its proprietors. corporations could make a income, be taxed, and may be held legally liable. corporations offer the most powerful safety to its proprietors from personal legal responsibility, but the value to form a enterprise is higher than other structures.
A employer is a standard reference to a enterprise whereas a corporation is a reference to a particular type of commercial enterprise entity. A corporation is owned through its shareholders while a organization may be owned either by the commercial enterprise owner in complete (sole proprietorship), several people
Agencies offer the most powerful safety to its owners from private liability, however the cost to shape a agency is higher than different systems. groups additionally require greater enormous file-keeping, operational techniques, and reporting.
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Pls help will mark brainleist
Answer:
D Values
Explanation:
A machine at a manufacturing company is programmed to fill shampoo bottles such that the amount of shampoo in each bottle is normally distributed with mean 0.60 liter and standard deviation 0.04 liter. let the random variable a represent the amount of shampoo, in liters, that is inserted into a bottle by the filling machine.
The probability that a randomly selected bottle of shampoo will be underfilled is 0.0062.
What is the meaning of Probability?
The area of mathematics known as probability deals with numerical representations of the likelihood that an event will occur or that a statement is true. An event's probability is a number between 0 as well as 1, where, roughly speaking, 0 denotes the event's impossibility and 1 denotes certainty.
Simply put, the probability is the likelihood that something will occur. When we don't know how an event will turn out, we can discuss the likelihood or likelihood of several outcomes. Statistics is the study of events that follow a probability distribution.
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Which of the following will be accomplished by efficient allocations of the factors of production?
guaranteeing economic success
understanding whether a product will fail
fulfilling many needs and wants of society
replenishment of limited resources
Answer:C
Explanation: Just took the test:)
What will be accomplished by efficient allocations of the factors of production is fulfilling many needs and wants of society
What are factors of production?factors of production can be regarded as those factor that make production possible such as capital and land.
Therefore, fulfilling many needs and wants of society is one of beauty of production.
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When a portfolio consists of only a risky asset and a risk-free asset, increasing thefraction of the overall portfolio invested in the risky asset will:
I. increase the expected return on the portfolio.
II. increase the standard deviation of the portfolio.
III. not change the Sharpe Ratio.
Select from following
I only
II only
I and II
I, II and III
III only
When a portfolio consists of only a risky asset and a risk-free asset, increasing the fraction of the overall portfolio invested in the risky asset will increase the expected return on the portfolio and increase the standard deviation of the portfolio. The correct option is I and II.
A portfolio is a collection of investments like stocks, bonds, and cash equivalents such as money market funds, held by an investment company, an individual, or a financial institution. A risky asset has a higher risk of loss and reward. Stocks, mutual funds, and real estate are examples of risky assets.
In contrast, a risk-free asset is an asset with a guaranteed return and a low level of risk, such as Treasury bills.The expected return on a portfolio is the weighted average of the expected returns on the assets in the portfolio. The expected return of a portfolio is calculated by multiplying each asset's weight in the portfolio by its expected return and summing the products.
Increasing the proportion of the portfolio invested in the risky asset increases the portfolio's expected return. The risk-free asset, on the other hand, provides a steady income stream to the investor. Increasing the proportion of the risky asset in the portfolio, on the other hand, raises the risk level. The standard deviation of the portfolio increases as the proportion of risky assets in the portfolio rises.
The Sharpe ratio, on the other hand, is unaffected by the composition of the portfolio.
Options I and II are correct answers.
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a favorable balance of trade exists when a country _____
A favorable balance of trade exists when a export of a country exceed its imports.
What is trade?Trade is a term used to describe economic activities. Trade is the term used to describe the purchasing and selling of goods and services. Trade can take many various forms, including both domestic and international trade.
According to the economist, the country was the balance favorable trade is the export the value of exports of a country in a specific period of time is also known as the favorable trade.
As a result, the significance of the trade are the aforementioned.
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Match the examples with the types of goods.
To match them, click the example, and then click the type of good.
Unsought good
Omar buys a snack bag of chips that he noticed while
waiting in line at the store.
Joaquin pays for renters' insurance so that he will get
paid if his belongings are destroyed in an accident or
burglary
Convenience
impulse good
Jamie goes to the store to buy toothpaste.
Convenience
staple good
Wanda reads reviews of different video cameras to
decide what brand she wants, and then chooses the
store with the lowest price on that item.
Shopping good
Adriana only buys doughnuts from her favorite local
doughnut shop.
Specialty good
Answer:
Omar buys a snack pack of chips that he noticed while in line at the store - Convenience impulse good. Convenience impulse good are good which entices the consumer which leads to he making purchase without researching or thinking.
Joaquin pays for renters' insurance so that he will get paid if his belongings are destroyed in accident or burglary - Unsought good. Unsought good are goods that the consumer has no prior knowledge on and usually purchased out of fear.
Jamie goes to the store to buy toothpaste - Convenience staple good. Convenience staple good are goods regularly consumed.
Wanda reads review of different video cameras to decide what brand she wants, and then chooses the store with the lowest price on that item - Shopping good. Shopping good are goods purchased after consumer had compared its prices, quality in different store.
Adriana only buys doughnuts from her favorite local doughnut shop - Specialty good. Specialty good are goods which specific characteristics and benefit such that consumer has a reason for purchasing it.
SKATEBOARDERS. WHAT ARE SOME DISADVANTAGES AND ADVANTAGES OF YOUR SKATEBOARD?
What would you change if you could. Just wondering
Answer:
uh how i fall off sometimes disadvandage and it going right for me advandage
Explanation:
Assume the economy is operating at P1Y2.
Which of the following would cause a shift to bring the economy to P3Yf?
Real wages fall.
Productivity increases.
Personal income taxes increase.
Transfer payments decrease.
A major hurricane hits the southeastern United States.
The decrease in aggregate demand would also reduce productivity and lead to a decrease in output and employment.
What is employment?Employment is an agreement between two parties, usually based on a contract, where work is exchanged for compensation, such as wages, salary, or commission. Employment is typically for a fixed period of time, and the employer usually has the right to dismiss an employee for a legitimate reason. Employment typically involves an exchange of services, knowledge, skills and experience for remuneration. Employment can be either full-time, part-time, or casual, depending on the type of job and the agreement between the employer and the employee.
A major hurricane hitting the southeastern United States would cause a shift to bring the economy to P3Yf as it would reduce aggregate demand in the affected areas, resulting in a decrease in consumption and investment spending. This would lead to a contraction in output and employment, resulting in a decrease in real wages, a decrease in transfer payments, and an increase in personal income taxes.
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Which of these is MOST LIKELY a result of a high unemployment rate in
the United States?
A) increased revenues
B) increased demand for consumer goods
C) increased production of capital goods
D) greater government expenditures for transfer payments
Answer:
D Greater Government Expenditures for Transfer payments
Explanation:
Grant Company has fixed costs of $600 000 and variable costs are 40% of sales. What are the required sales if Grant Company desires profit of $60 000? a. $1500 000 b. $1 100 000 c. $1000 000 d. $1650 000
The required sales for Grant Company to achieve a profit of $60,000 is approximately $900,000.
To calculate the required sales for Grant Company to achieve a desired profit of $60,000, we need to consider the fixed costs, variable costs, and the profit target.
Let's assume the required sales to be "X."
The variable costs are given as 40% of sales, which means the variable costs can be expressed as 0.4X.
The total costs can be calculated by adding the fixed costs and variable costs:
Total Costs = Fixed Costs + Variable Costs = $600,000 + 0.4X
To achieve a profit of $60,000, we subtract the profit from the total costs:
Total Costs - Profit = $600,000 + 0.4X - $60,000 = $600,000 + 0.4X - $60,000
To determine the required sales, we set this expression equal to zero and solve for X:
$540,000 + 0.4X = X
0.6X = $540,000
X = $540,000 / 0.6
X ≈ $900,000
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