The REDUCE acronym stands for Reduce, Reuse, Recycle, Eliminate, and Dispose, representing ways to minimize waste generation and promote responsible waste management.
The acronym for different types of waste is REDUCE, and the word each letter in this acronym stands for are:ReduceReuseRecycleEliminateDisposeREDUCE stands for "Reduce the amount of waste that is generated, use less stuff."REUSE stands for "Reuse products and parts whenever possible, use stuff over and over again."RECYCLE stands for "Recycle what can't be reduced or reused, turn stuff into something new."ELIMINATE stands for "Eliminate waste by avoiding unnecessary packaging and using digital instead of paper."DISPOSE stands for "Dispose of what is left in a safe and responsible way, throw it away."
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Presented below are the balances taken from the books of Abacus Corporation on January 1, 2020:
Ordinary Share Capital, ₱50 par ₱ 6,000,000
Subscribed Ordinary Share Capital 3,500,000
Subscriptions Receivable-Ordinary 2,450,000
Accumulated Profits-Free 4,950,000
Treasury Shares at Cost, ₱75/share 1,500,000
The following transactions took place in 2020:
- April 15: 8,500 treasury shares were re-issued for ₱80 per share
- May 1: Abacus received 500 ordinary shares from Mr. Perez as donation
- May 30: 7,000 treasury shares were re-issued at ₱50 per share
- June 5: All donated shares were sold for ₱50 per share
No other treasury share transaction occurred during the year.
How much is the balance of Treasury Share account as of December 31, 2020?
The balance of the Treasury Share account as of December 31, 2020, is ₱337,500.
To determine the balance of the Treasury Share account as of December 31, 2020, we need to account for the treasury share transactions that took place during the year. Let's calculate the balance step by step:1. Initially, the Treasury Share account had a balance of ₱1,500,000.2. On April 15, 8,500 treasury shares were re-issued for ₱80 per share. This means 8,500 shares were removed from the Treasury Share account. The value of these shares is calculated as 8,500 shares × ₱75 (cost per share) = ₱637,500. Therefore, the Treasury Share account balance decreased by ₱637,500.3. On May 30, 7,000 treasury shares were re-issued at ₱50 per share. This implies that 7,000 shares were removed from the Treasury Share account. The value of these shares is calculated as 7,000 shares × ₱75 (cost per share) = ₱525,000. Consequently, the Treasury Share account balance decreases by an additional ₱525,000.4. On June 5, all donated shares were sold for ₱50 per share. Since the donated shares were received without any cost, we don't need to adjust the Treasury Share account for this transaction.Therefore, the balance of the Treasury Share account as of December 31, 2020, can be calculated as follows:Initial balance: ₱1,500,000- Re-issuance on April 15: -₱637,500- Re-issuance on May 30: -₱525,000-------------------------------Balance as of December 31, 2020: ₱337,500For more questions on Treasury bonds
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Which organization should a high school hospitality student consider joining to develop leadership skills and business knowledge?
American Culinary Federation
American Hotel & Lodging Association
Future Business Leaders of America
Resort Hotel Association
High school students can gain practical experience in entrepreneurship, business, and marketing through DECA. Its objective is to provide upcoming leaders with the skills necessary for careers in lucrative industries including marketing, management, hospitality, and finance. There are presently 177,000 DECA members in secondary schools.
Should I enlist in DECA?You can gain an advantage over your rivals with the use of DECA's resources, expertise, and talents. A little bit of ease has been added to applying for internships, scholarships, jobs, and colleges. The fact that you are a member of DECA demonstrates that you are motivated, academically competent, community-minded, and career-focused—ready to take on your future.
In high school, is DECA a good idea?One of the most well-known groups for high school students is DECA, which has more than 3,200 participating schools. Numerous graduates of its successful programs enjoy a stellar reputation.
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When only a portion of the units involved in a job are sold, the ______.
cost is held in the finished goods account until all units in the job are sold
entire cost of the job is transferred from finished goods to cost of goods sold
unit product cost is used to calculate the amount transferred from finished goods to cost of goods sold
unsold units are transferred to another job
unit product cost is used to calculate the amount transferred from finished goods to COGS.
What is made up of product units that have only partially finished?Units of manufacturing that are still being worked on and won't be available for sale to clients are referred to as "work in process."Products that have been completed but have not yet been sold to clients are referred to as finished goods.
Just on schedule for cost of products sold, which of the above are utilized to determine the cost of commodities that are available for sale?The starting value of the inventory together with the price of products purchased equals the cost of the goods that are now on the market.The price of goods sold is the ending worth of inventories less the cost of items that are available for purchase.
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one year ago, you purchased a stock at a price of $38.22 a share. today, you sold the stock and realized a total loss of 11.09 percent on your investment. your capital gains yield was -14 percent. what was your dividend yield?
One year ago, you purchased a stock at a price of $38.22 per share. Today, you sold the stock and realized a total loss of 11.09 % on your investment. 1.15% was your dividend yield.
Dividend yield = loss - ( Capital loss per share / stock price per share)
= 0.1109-(-$4.68/$38.22)
=.0115 or 1.15%
Dividend yield is a ratio that indicates how much income you receive in dividend payouts per year for each dollar invested in a stock, mutual fund, or exchange-traded fund (ETF).
In other words, dividend yield is the annual dividend payment of a security expressed as a percentage of its current price. This percentage yield indicates your annual return on investment based on the price of the security.
Reinvesting your dividends rather than cashing them out can significantly boost your returns due to the power of compounding, which is another reason why understanding how dividend yield works is so important.
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Bill received an unordered calendar from the local charity so he must pay money to the charity.
True
False
Answer:
false, they sent the calendar hoping he would make a donation, but he does not have to give any money
Explanation:
they sent the calendar hoping he would make a donation, but he does not have to give any money
question one please. thank you
Answer:
companies like Nike Inc have mission statements to attract the attention of the public .. thereby making it more easy to sell their products in the market
A bond currently sells for $1,170, which gives it a yield to maturity of 5%. Suppose that if the yield increases by 30 basis points, the price of the bond falls to $1,140. What is the duration of this bond
Answer:
8.53 years
Explanation:
Calculation for the duration of the bond
The first step is to calculate for Change in Bond Price
Change in Bond Price = -(30)/1,170
Change in Bond Price = -0.0256×100
Change in Bond Price =-2.56%
Second step is to find the Effective Duration
Effective duration = -0.0256/0.0030
Effective Duration = 8.53 years
Therefore the duration of this bond will be 8.53 years
the amount of interest charged on a debt but not yet collected is called...
Accrued interest is the total amount of interest that has accumulated but not yet been paid on a bond or other type of financial obligation.
What does accumulated interest on a bond mean?Accrued interest is the term for interest that has been generated on a debt obligation, such a bond, but has not yet been paid. A loan or bond's coupon payment triggers the start of interest accrual; however, coupons are only paid twice a year.
The amount of interest that had already accumulated but had not yet been paid out as of a specific date on a loan or other financial obligation is referred to as accumulated interest in accounting. In the form of accrued interest revenue or expense, both the lender and the borrower may incur cumulative interest.
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The principle role of supply chain management (SCM) is to:
Select one:
a.create unique sources of customer value through the creation of collaborative partnerships
b. efficient deploy inventory, warehouse, and transportation functions
c. enable companies to satisfy the day-to-day product and service requirements of their supply chains
d. obtain, produce, and distribute material and product in the proper place and in the proper quantities
The principle role of supply chain management (SCM) is to obtain, produce, and distribute material and product in the proper place and in the proper quantities. Thus, option (d) is correct.
This entails managing the flow of products from suppliers to final consumers, effectively using inventory, warehousing, and transportation functions, and helping businesses to meet the ongoing needs of their supply chains for products and services.
SCM also entails locating and assessing potential suppliers, requesting price quotes, negotiating with and managing suppliers, purchasing the products and materials a company requires in the proper quantity and timing, and managing the materials prior to their use in manufacturing or customer fulfillment.
Therefore, option (d) is correct.
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Ben is a double major pursuing degrees in both Finance and Marketing. He is interested in obtaining a position as a personal financial advisor after graduation and is interning with a global financial services company. During his internship, he observes that the most successful advisors wear white shirts, dress very conservatively, and read The Wall Street Journal to stay up to date with the latest business and world news. Ben starts to read The Wall Street Journal too and modifies his dress and grooming style to be more like the representatives he admires. Ben is influenced by _______.
Answer:
A reference group
Explanation:
Which statement about Social Security is true?
A. You can increase your monthly benefit by retiring earlier than the
standard retirement age.
B. You can increase your monthly benefit by postponing when you
begin receiving benefits.
C. You can increase your monthly benefit by deferring taxes until
retirement.
t because all
D. There is no way to increase your monthly benefit because
retirees earn the same amount.
Answer: B
Explanation: Social Security retirement benefits are increased by a certain percentage for each month you delay starting your benefits beyond full retirement age.
In a perfectly competitive market, if the market price is $4, how many units will they sell if they charge $4?How many will they sell if they charge over $4? Will they make more profit if they lower their price? Why or why not?
Answer:
In a perfectly competitive market, if the market price for a single unit is $4, then the number of units sold would be 32.
Explanation:
A perfectly competitive market is defined as a market where there are no monopolies - something extremely rare in the real world. However, it is a good example to explain the rules and workings of supply and demand in the market. There are multiple sellers and purchasers in a perfectly competitive market. Sellers earn just enough profit to keep their place in the market. Any more and they would lose their foothold in the marketplace to another company.
If the sellers are capable of producing more, then they can sell more, thus increasing their output. In any case, the economic output would be zero because the price is tangent to the low point on the average total cost curve. The seller has no control over market price because the price is set at equilibrium.
A company can buy a machine that is expected to have a three-year life and a $21,000 salvage value. The machine will cost $1,764,000 and is expected
to produce a $191,000 after-tax net income to be received at the end of each year. If a table of present values of $1 at 12% shows values of 0.8929 for
one year, 0.7972 for two years, and 0.7118 for three years, what is the net present value of the cash flows from the investment, discounted at 12%?
Multiple Choice
$105,214
$564 457
$615,438
$689,319
O $1,869,214
< Prev
9 of 25
Next
The net present value of the cash flows from the investment, discounted at 12% is $564,457.
Explanation:
First, we need to calculate the annual cash flows:
Annual net income = $191,000
Add back depreciation (cost - salvage value / useful life) = ($1,764,000 - $21,000) / 3 = $581,000
Annual cash flow = $191,000 + $581,000 = $772,000
Using the present value table given:
PV factor for year 1 = 0.8929
PV factor for year 2 = 0.7972
PV factor for year 3 = 0.7118
NPV = (PV factor for year 1 x Year 1 cash flow) + (PV factor for year 2 x Year 2 cash flow) + (PV factor for year 3 x Year 3 cash flow) - Initial investment
NPV = (0.8929 x $772,000) + (0.7972 x $772,000) + (0.7118 x $772,000) - $1,764,000
NPV = $687,888 - $1,764,000
NPV = -$1,076,112
However, since the salvage value of $21,000 is not accounted for in the NPV calculation, we need to add it back to get the final answer:
NPV + Salvage value = -$1,076,112 + $21,000 = -$1,055,112
Finally, we need to consider that the question asks for the net present value (NPV) of the cash flows, not the total value. So we need to subtract the initial investment from the NPV:
Net present value of cash flows = NPV - Initial investment
Net present value of cash flows = -$1,055,112 - (-$1,764,000) = $708,888
Therefore, the correct answer is not listed in the multiple choice options.
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A hair care retailer needs to finalize the purchasing plans for a new hair care product. Following information is provided by the purchasing director regarding the product’s supply.
Ordering costs = $60/order
Holding costs = $12 /unit/year
Lead-time = 2 weeks
Unit cost = $80/unit
Demand = 200 units/week
Number of weeks per year = 50
Currently, retailer plans to order once each two weeks during its 50-week year. What is the total cost of ordering and holding these goods under this system? What is the total cost?
How many units should the purchasing director order at one time to minimize the total annual cost of purchasing and carrying? (What is the EOQ?)
When should the product be ordered? (What is the reorder point?)
What is the cost of ordering and holding goods using the EOQ? How does it compare to the cost in (a)?
The retailer decides to keep 1 week’s demand as safety stock to buffer the uncertainty in supply.
What is the safety inventory? How does the EQO and Reorder point change with safety stock?
What is the cost of ordering and holding goods if safety inventory is kept?
To calculate the total cost of ordering and holding the hair care product under the current system, we need to consider both the ordering costs and holding costs.
a) **Total cost of ordering and holding goods under the current system:**
Ordering costs: $60/order
Holding costs: $12/unit/year
Unit cost: $80/unit
Demand: 200 units/week
Number of weeks per year: 50
The number of orders placed per year can be calculated as:
Orders per year = (Number of weeks per year) / (Ordering frequency)
Orders per year = 50 / (2 weeks) = 25 orders per year
The order quantity for each order can be calculated as:
Order quantity = (Demand per week) x (Lead time)
Order quantity = 200 units/week x 2 weeks = 400 units
The holding cost per unit per year can be calculated as:
Holding cost per unit per year = (Holding cost per unit) x (Order quantity) / 2
Holding cost per unit per year = $12/unit/year x 400 units / 2 = $2,400
The ordering cost per year can be calculated as:
Ordering cost per year = (Ordering cost per order) x (Orders per year)
Ordering cost per year = $60/order x 25 orders per year = $1,500
The total cost of ordering and holding goods under this system is the sum of the ordering cost and holding cost:
Total cost = Ordering cost per year + Holding cost per year
Total cost = $1,500 + $2,400 = $3,900
b) **Optimal order quantity (EOQ):**
The Economic Order Quantity (EOQ) is the order quantity that minimizes the total annual cost of purchasing and carrying inventory. It can be calculated using the formula:
EOQ = √[(2 x Demand x Ordering cost per order) / Holding cost per unit per year]
EOQ = √[(2 x 200 units/week x $60/order) / $12/unit/year]
EOQ = √[(2 x 10,000) / $12]
EOQ = √1666.67
EOQ ≈ 40.83 units (rounded to the nearest whole unit)
c) **Reorder point (ROP):**
The reorder point is the inventory level at which a new order should be placed to avoid stockouts during the lead time. It can be calculated using the formula:
ROP = Demand per day x Lead time
ROP = (Demand per week / 7 days) x Lead time
ROP = (200 units/week / 7 days) x 2 weeks
ROP ≈ 57.14 units (rounded to the nearest whole unit)
d) **Cost of ordering and holding goods using EOQ:**
To calculate the cost of ordering and holding goods using the EOQ, we need to calculate the new ordering cost and holding cost.
Ordering cost per year = (Ordering cost per order) x (Number of orders per year)
Ordering cost per year = $60/order x (Demand per year / EOQ)
Ordering cost per year = $60/order x (200 units/week x 50 weeks / 40.83 units)
Ordering cost per year ≈ $14,703.06
Holding cost per year = (Holding cost per unit per year) x (EOQ / 2)
Holding cost per year = $12/unit/year x (40.83 units / 2)
Holding cost per year ≈ $244.95
The total cost of ordering and holding goods using the EOQ is the sum of the ordering cost
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The simplest and most popular way to adjust returns for portfolio risk is to use _______. However, such rankings can be misleading when managers compared are not truly comparable and thus we need more precise risk adjustment.
The simplest and most popular way to adjust returns for portfolio risk is to use the Sharpe ratio.
However, such rankings can be misleading when managers compared are not truly comparable and thus we need more precise risk adjustment methods such as the Sortino ratio or the Treynor ratio which consider downside risk and systematic risk respectively. The simplest and most popular way to adjust returns for portfolio risk is to use the Sharpe ratio. However, such rankings can be misleading when managers compared are not truly comparable, and thus we need more precise risk adjustment methods.
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A(n) ____ is used to anticipate, react to, and recover from events that threaten the security of information and information assets in an organization; it is also used to restore the organization to normal modes of business operations; a. security plan b. social plan c. threat plan d. contingency plan
A contingency plan is a proactive approach that organizations adopt to anticipate, respond to, and recover from events that may pose a threat to the security of their information and information assets.
This plan outlines the steps and procedures to be followed during and after such events to ensure business continuity and minimize the impact on operations. It includes strategies for risk assessment, incident response, data backup, and recovery, as well as communication protocols.
A contingency plan helps organizations in identifying potential vulnerabilities, establish preventive measures, and implement appropriate safeguards. In case of a security breach, natural disaster, or any other unforeseen event, the contingency plan helps in effectively managing the situation, mitigating risks, and restoring normal business operations as quickly as possible.
It is an essential component of an organization's overall security strategy.
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Cash-and-carry wholesalers refer to the wholesalers who carry a limited line of fast-moving goods and sell to ____
Cash-and-carry wholesalers refer to the wholesalers who carry a limited line of fast-moving goods and sell them to retailers, professional users, and institutional buyers.
Traditional wholesalers are different from cash-and-carry wholesalers in a number of ways. First of all, they only stock a small selection of goods, most of which are in great demand and move quickly, such as groceries, snacks, and drinks. Second, they don't provide credit or payment terms; instead, they demand that clients pay with cash or credit at the time of purchase. Finally, since they don't offer delivery services, clients are required to convey the goods themselves.
In the supply chain, cash-and-carry wholesalers are crucial, especially for small enterprises and independent merchants that might lack the purchasing power to deal with larger wholesalers. Cash-and-carry wholesalers assist these firms to compete with larger retailers and maintain their competitiveness in their marketplaces by providing low prices and a simple shopping experience.
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Writ (T) for True and (F) for False Statements: All desires of human beings are known as ‘Demand’. Demand is inversely related with income of the consumer. Supply is the quantity which actually brought by the seller to sell in the market. The stock of perishable goods are similar to the supply quantity. Demand curve goes upward to the right, to show inverse relationship between price and demand for good. When the price of Giffen good increases, its’ demand also increases. Income demand means relationship between price and demand quantity. Size of population is also a determinant of demand. Individual demand means all quantity demanded by buyers in the market. Means and willingness are necessary factors to be demand. Fill in the Blanks by Suitable word Two major wheels of the economy are …….. and ……. …. … …. is the desire from sellers side. The major determinant of demand is … … The situations when law of demand is not applicable is known as its …. ….. Beggar’s desire is not regarded as demand, because he may not have … …. When price of one good affects to the demand for other good, this situation is known as … …. Demand is the effective desire backed by …. ….. and ……….. When price of a good increases, its demand …. ….. but the supply …… ….. Those goods, which can be consumed alternatively are termed as …. …… goods. ….… are those goods, whose demand rises when income the consumer decreases.
Answer: (1) F, (2) F, (3) T, (4) F, (5) F, (6) T, (7) F, (8) T, (9) F, (10) T
Please check Explanation below for answers to section 2
Explanation: All desires of human beings are known as demand is False.
(1) Demand is the quantity of goods and services that a consumer is "willing" and "able" to buy at a "given price" and at a "particular point in time." Therefore, that someone desires a beautiful house does not constitute demand, but certain conditions must be present and one of such is his ability (that is money) to buy the house.
(2) Demand is inversely related with the income of the consumer is False.
On the contrary, demand is directly related with the income of the consumer, that is, both variables move in the same direction. Simply put, as the income of the consumer rises, his total demand for a commodity or service will also rise, and likewise if the income of a consumer falls, hos total demand for a commodity will also fall or reduce.
(3) Supply is the quantity which is actually brought by the seller to sell in the market is True.
This is the simplest way to put the definition of supply which is defined as the quantity of a commodity that a seller is willing to sell at a given price and at a given point in time.
(4) The stock of perishable goods are similar to the supply quantity is False.
The supply quantity includes the entire stock of goods that the seller or producer is willing to sell regardless of its status (perishable or not).
(5) Demand curve goes upward to the right, to show inverse relationship between price and demand for good is False.
Demand curve actually slopes downward to the right, and this shows an inverse relationship between quantity demanded and price of a commodity. That means, as the demand increases the price reduces, and as the price increases the demand reduces. This follows the law of demand which states that, "other factors being held equal, the higher the price the lower the quantity demanded and, the lower the price the higher the quantity demanded."
(6) When the price of Giffen goods increases, its demand also increases is True.
Giffen goods also known as inferior goods (or staple foods most often) are such that the consumers of such goods usually do not have better alternatives. Hence as the prices of such goods rise the consumer demands equally rise (contrary to the law of demand).
(7) Income elasticity of demand means relationship between price and demand quantity is False.
Income elasticity of demand is the relationship between the consumer income and the quantity demanded, and it measures the rate of response of the quantity demanded in relation to the rate of change in income.
(8) Size of population is also a determinant of demand is True.
The determinants or factors of demand are those that affect the level of demand, and when the population increases the level of quantity demanded will also increase, and vice versa.
(9) Individual demand means all quantity demanded by buyers in the market is False.
Individual demand is clearly distinct from market demand. Market demand is the totality of all the individual demands for a commodity.
(10) Means and willingness are necessary factors to have demand is True.
Just as explained in number (1) above, demand can only be effective if there is the means (money/resources) and the willingness to make a purchase. If these two conditions are not met, then desire for a commodity alone cannot be termed as demand.
Fill in the blanks by suitable words;
Two major wheels of the economy are Demand and Supply, Supply is the desire from sellers side. The major determinant of demand is Price. The situation when law of demand is not applicable is known as Abnormal demand. Beggar's desire is not regarded as demand, because he may not have ability. When price of one good affects the demand for another good, this situation is known as Substitute goods. Demand is the effective desire backed by Ability and willingness. When price of a good increases, its demand decreases but the supply increases. Those goods which can be consumed alternatively are termed as substitute goods. Inferior or Giffen goods are those good whose demand rises when the income of the consumer decreases.
the common stock of fine china sells for $38.42 a share. the stock is expected to pay an annual dividend of $1.80 next year and increase that amount by 4 percent annually thereafter. what is the market rate of return on this stock? group of answer choices 9.04 percent 8.69 percent 9.13 percent 8.36 percent 9.22 percent
The market rate of return on Fine China's common stock is 9.04%.
To calculate the market rate of return on the common stock of Fine China, we need to use the dividend discount model, which takes into account the expected future dividends and the current stock price.
We can calculate the expected dividend for the next year as $1.80, as given in the problem. Then, we can use the growth rate of 4 percent to calculate the expected dividend for the following year, which is $1.872. Using the formula for perpetuity growth, we can calculate the present value of all future dividends: PV = D / (r - g) where PV is the present value, D is the expected dividend, r is the market rate of return, and g is the growth rate.
Plugging in the values, we get:
38.42 = 1.80 / (r - 0.04)
Solving for r, we get:
r = 9.04%
This means that the expected return for investors who buy Fine China's stock is 9.04%, which is higher than the risk-free rate of return (usually measured by the government bond rate) and reflects the risk associated with investing in stocks. Investors can compare the market rate of return with their required rate of return to decide whether or not to invest in the stock.
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Because of a job change, Fred Presley has just relocated to the Pacific Northwest. He sold his furniture before he moved, so he's now shopping for new furnishings. At a local furniture store he's found an assortment of couches, chairs, tables, and beds that he thinks would look great in his new two-bedroom apartment; the total cost for everything is $6,400. Because of moving costs, Fred is a bit short of cash right now, so he’s decided to take out an installment loan for $6,400 to pay for the furniture. The furniture store offers to lend him the money for 48 months at an add-on interest rate of 8.5%. The credit union at Fred's firm also offers to lend him the money—they’ll give him the loan at an interest rate of 9% simple, but only for a term of 24 months.
a. Compute the monthly payments for both of the loan offers.
b. Determine the APR for both loans.
c. Which is more important: low payments or a low APR? Explain.
Fred Presley is looking for financing options to purchase new furnishings for his new apartment. He has found two options: the furniture store's offer for an installment loan of $6,400 for 48 months at an add-on interest rate of 8.5%, and the credit union at his firm's offer for a loan at an interest rate of 9% simple for a term of 24 months.
a. To compute the monthly payments for both loan offers, we can use the following formulas:
- For the furniture store's loan:
Total loan cost = Principal amount + (Principal amount x add-on interest rate x number of periods)
$6,400 + ($6,400 x 0.085 x 48) = $10,169.60
Monthly payment = Total loan cost / number of periods
$10,169.60 / 48 = $211.87
- For the credit union's loan:
Total interest = Principal amount x interest rate x number of periods
$6,400 x 0.09 x 2 = $1,152
Total loan cost = Principal amount + Total interest
$6,400 + $1,152 = $7,552
Monthly payment = Total loan cost / number of periods
$7,552 / 24 = $314.67
Therefore, the monthly payment for the furniture store's loan is $211.87, and the monthly payment for the credit union's loan is $314.67.
b. To determine the APR for both loans, we can use the following formulas:
- For the furniture store's loan:
APR = (add-on interest rate x number of periods x 100) / (number of periods x average principal balance)
APR = (0.085 x 48 x 100) / (48 x $6,400/2)
APR = 17.62%
- For the credit union's loan:
APR = (interest rate x number of periods x 100) / (number of periods x average principal balance)
APR = (0.09 x 24 x 100) / (24 x $6,400/2)
APR = 9%
Therefore, the APR for the furniture store's loan is 17.62%, and the APR for the credit union's loan is 9%.
a. The monthly payment for the furniture store's loan is calculated using the add-on interest rate, which means that the interest is added to the principal amount upfront. This makes the monthly payment lower compared to the credit union's loan, which uses a simple interest rate that is applied to the outstanding balance. As a result, the monthly payment for the credit union's loan is higher.
b. The APR takes into account not only the interest rate but also any fees or charges associated with the loan. The APR for the furniture store's loan is higher because it includes the add-on interest rate and the fees charged by the furniture store, such as origination fees or administrative fees. The APR for the credit union's loan is lower because it only includes the interest rate.
c. When choosing between low payments and a low APR, it is important to consider the overall cost of the loan. In this case, even though the monthly payment for the furniture store's loan is lower, the APR is much higher, which means that Fred will end up paying more in interest and fees over the life of the loan. Therefore, it is better to choose a loan with a lower APR, even if it means higher monthly payments. This will help save money in the long run.
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Which type of research is undertaken to gather background information and data that may be helpful?
The type of research undertaken to gather background information and data that may be helpful is typically referred to as "exploratory research" or "preliminary research."
Exploratory research aims to investigate a subject or issue in order to gain a better understanding of it. It is often conducted at the early stages of a research project or when the topic is relatively new or unfamiliar. The primary goal of exploratory research is to explore various aspects of the topic, generate ideas, and gather preliminary information that can guide the direction of further research.
In the context of gathering background information and data, exploratory research methods can include literature reviews, interviews,contract, surveys, focus groups, observations, or even informal discussions. These methods help researchers familiarize themselves with existing knowledge, identify gaps or areas of interest, and collect relevant data to inform the research process.
By conducting exploratory research, researchers can refine their research questions, develop hypotheses, and establish a solid foundation for more in-depth investigations or specific research methodologies.
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True or false: Changes in cash are classified as either operating activities, direct activities or indirect activities.
The operating cash flows often uses the direct method of presentation. Changes in cash are classified as either operating activities, direct activities or indirect activities is a false statement.
Operating activities is said to be cash activities that are linked to net income.
The cash flow direct method often determines changes in cash receipts and payments.
The indirect method often takes the net income gotten in a period and adds or subtracts changes in the asset and liability accounts.
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You have decided to pursue a career in nursing. You are willing to relocate based on salary differences. The states you are willing to relocate to have the following average hourly wages: NY = $33.55, MA = $33.37, CA = $31.54, and FL $24.58. What is the mean salary for these options?
Your answer :
The mean of salary for these options is $30.76\
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What does it take for a consumer boycott to be successful?
A. The boycott must be conducted by consumers, producers, and the government
B. The boycott must bring the target company's offensive practices to the attention of the news media
C. The boycott must significantly reduce the target company's profits
D. The boycott must succeed in replacing traditional sales with online sales
Edit: Its C
Answer: IT'S C!!
Someone said it's b but it's not i just got it wrong
The boycott should be successful when the profits of the target company get minimized.
Option C is the correct answer.
What is meant by the target company?
A target company refers to an entity that is targeted in respect of the boycott movement.
The situation where the consumers of the market agree to not acquire a specific product from a specific company is called a consumer boycott. It represents disapproval towards something.
Therefore, the reduction in profits of the target company results in the success of the boycott movement.
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brindle corp. is a merchandiser in its first year of operations and has a net loss of $100,000. brindle expects to be profitable within the next 2 years. the enacted income tax rate is 40%. the income tax benefit from brindle's nol is
Brindle Corp. can use its net operating loss (NOL) to offset future taxable income, thereby reducing the amount of income tax it has to pay. Brindle Corp. can reduce its future tax liability by $40,000 by using its NOL.
The NOL is calculated as the excess of deductible expenses over taxable income in a given year. Since Brindle Corp. has a net loss of $100,000 in its first year of operations, it can carry forward this loss to future years and deduct it from taxable income, provided it meets certain conditions.
The income tax benefit from the NOL is the amount of income tax that Brindle Corp. saves by using the NOL. In this case, assuming an enacted income tax rate of 40%, the income tax benefit from Brindle's NOL would be $40,000 ($100,000 x 40%).
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The modern enterprises reported all assets in the accounts at current market value. This action is a violation of:
This action is a violation of Cost Principle or Historical Cost Concept.
What is Historical Cost Concept?The historical cost principle states that a company or business must account for and record all assets at the original cost or purchase price on their balance sheet and not at its market price.
The historical cost principle forms the foundation for an ongoing trade-off between usefulness and reliability of an asset.
Thus, if the modern enterprises reported all assets in the accounts at current market value. This action is a violation of Cost Principle or Historical Cost Concept.
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What's the difference between secured and unsecured loans?.
Basically the secured and unsecured loans differ in the terms of risk factor.
Secured loan are those in which the person applying for the loan has to show something which he owns and has the some financial value which can be offered as a collateral, if the person in unable to payback the loan then that particular property can we use to obtain the value of the loan. Rather risk free and are given by organisations like Bank.
Unsecured loans are those kind of loans in which the Lender analyses the financial abilities of the person apply for the loan. These kind of loans are generally given by family friends. These kind of loan are not free of risk because there is no guarantee of getting the loan amount back.
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Answer:
a secured loan requires a collateral and an unsecured loan does not
Explanation:
Correct on Odyssey
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Mia doesn't have any credit history, so she's going to open a secured credit card to begin building her credit. She puts down an $800 security deposit. What feature of an unsecured credit card is Mia's security deposit most like?
the APR
the term
the credit limit
the annual fee
Answer:
i think it will be A OR C
Explanation:
The APR feature of an unsecured credit card is Mia's security deposit most like. If the new card doesn't offer a cheaper annual percentage rate, there is no benefit in transferring his credit card balance from one to the other.
What ways does a secured credit card aid in building credit history?
If you consistently make on-time payments, stay out of late fees, and maintain a low balance on your secured credit card, you might be able to create or improve your credit score. Most secured credit cards will notify the three credit reporting bureaus of your payment activity.
You won't have a credit score if you haven't used credit yet. After you open your first credit line, such as a credit card or student loan, you start to develop your credit score. At that time, how you use that first credit account affects your credit score.
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Question 5 of 10
For accountants, which of the following is the most important consequence
of the unethical use of technology?
A. the threat to the reliability of accounting systems
OB. the direct and indirect loss of revenue
C. the possibility that privacy will be compromised
D. the loss of trust in the accounting profession
SUBMIT
The most important consequence of the unethical use of technology for accountants is the threat to the reliability of accounting systems (option A).
What are accounting systems?Accounting systems are described as the controls, procedures, and processes in accounting. The main purpose of accounting systems is to make a summary and record the different business transactions in a way that will allow the creation of reports, and enhance operations.
If the accountants are unethically using technology, then it will directly impact the accounting processes, and transaction records of businesses, and the financial report will produce erroneous results and will highly degrade the decision-making process.
It can be concluded that the most important consequence of the unethical use of technology for accountants is the threat to the reliability of accounting systems (option A).
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Answer: The loss of trust in the accounting profession
Explanation: believed the other person aaaannnnnddddd got it wrong
Sarah pays her personal trainer, Lily, by check. Lily uses the check to pay her grocery bills in a supermarket. How is Lily able to use the check to make her grocery payments?
Lily is able to use the check from Sarah to make her grocery payments by depositing the check into her bank account and then using the funds from the account to pay for her groceries.
When Lily receives the check from Sarah, she can endorse the back of the check with her signature and deposit it into her bank account. The bank then processes the check and credits the amount to Lily's account, making the funds available for her use. With the funds in her bank account, Lily can either withdraw cash or use other payment methods, such as a debit card or online transfer, to make her grocery payments at the supermarket.
Using checks as a form of payment offers convenience and security. It eliminates the need for carrying large amounts of cash and provides a record of the transaction. By depositing the check into her bank account, Lily can access the funds easily and use them for her various financial needs, including paying her grocery bills. The banking system ensures that the check amount is transferred from Sarah's account to Lily's account, enabling her to make purchases without relying solely on physical cash.
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