Business

4 [Maximum mark: 13] Almira is considering two different savings schemes. Both schemes involve an initial investment of $1000 in an account In scheme A, at the end of each year $50 is added to the account. In scheme B, at the end of each year 4% compound interest is added to the account. A How much will be in Almira's account at the end of the fifth year after investment in i Scheme A ii Scheme B. Give your answer correct to two decimal places. B What annual compound interest rate would achieve the same outcome for Almira as investing in scheme A for five complete years? c Almira wants to invest for a complete years. For what values of n would Almira be better off investing in scheme B? d Almira estimates that there is 2. 5% depreciation each year. How long would Almira need to save in scheme B to use her savings to purchase something currently valued at $1400? [2] [3] 141
1 Answer
More fun with cost-sharing. (youmay want to review exercise 15 before proceeding, although it is not necessary.) a consumers demand for a medical service is q=100pp where pp is the out-of-pocket price she actually faces. she is considering four different insurance options: uninsurance, full insurance, a 50% coinsurance plan, and a copayment plan with a $25 copay. required:a. assume this service has a list price of pl =$70. calculate q under each insurance plan. b. calculate the amount of social loss under each insurance plan.
1 Answer
Suppose there are only two firms in an economy: Rolling Rawhide produces rawhide and sells it to Chewy Chomp, Inc. , which uses the rawhide to produce and sell dog chews. With each $1 worth of rawhide that it buys from Rolling Rawhide, Chewy Chomp, Inc. Produces a dog chew and sells it for $2. 50. Neither firm had any inventory at the beginning of 2014. During that year, Rolling Rawhide produced enough rawhide for 2000 dog chews. Chewy Chomp, Inc. Bought 90% of that rawhide for $1800 and promised to buy the remaining 10% for $200 in 2015. Chewy Chomp, Inc. Produced 1800 dog chews during 2014 and sold each one during that year for $2. 50. What was the economy's GDP for 2014
1 Answer
What guidelines must colleagues follow when providing gifts, meals, entertainment orother things of value to clients, customers or other third parties? (Select all that apply)Meals and entertainment must be modest as judged by local standardsColleagues must attend the event with the person(s) receiving the courtesyThe venue must be conducive to business discussionsWk 11There are no guidelines when it comes to providing gifts, meals, entertainment orother things of value to anyone01Additional requirements must be met when providing business courtesies tophysiciansHelpmore
1 Answer
Eastport Inc. was organized on June 5, Year 1. It was authorized to issue 350,000 shares of $11 par common stock and 40,000 sharesof 5 percent cumulative class A preferred stock. The class A stock had a stated value of $20 per share. The following stocktransactions pertain to Eastport Inc.:1. Issued 22,000 shares of common stock for $16 per share.2. Issued 7,000 shares of the class A preferred stock for $25 per share.3. Issued 55,000 shares of common stock for $19 per share.RequiredPrepare the stockholders' equity section of the balance sheet immediately after these transactions have been recognized.EASTPORT INC.Balance Sheet (partial)For the Year Ended Year 1Stockholders' EquityTotal Paid-In CapitalTotal stockholders' equity
1 Answer
businesses can compensate employees for work they produce when being paid by
1 Answer
Perry creates, modifies, and fixes clothing at the request of customers. His job title is best described as. Hassan cleans, cuts, and polishes customers' fingernails. His job title is best described as. Monica applies makeup and gives skin care treatments to clients. Her job title is best described as
2 Answers
Ryan, a college student, went to see his hair stylist, melissa. ryan, who had black, curly hair, requested straight, blond hair. melissa told him that she could make those changes, but that there would be significant upkeep involved. melissa made the changes, but ryan did not do the upkeep required. ryan proceeded to falsely claim that melissa did not do what ryan asked her to do, that melissa lied to him, and that melissa was professionally incompetent. ryan made the statements about melissa to friends of his. he also wrote a letter to his college newspaper saying that melissa's shop should be avoided at all costs because melissa was incompetent in fact, melissa was a good hair stylist and enjoyed a good reputation up until the time that ryan started his criticism, melissa threatened to sue ryan for defamation, but ryan told melissa that she could not prevail because she could not prove loss of income. melissa had to admit that while her reputation had been damaged somewhat and she felt embarrassed and humiliated, the damage was primarily among the college population. her income kept increasing from other segments of the community, and she had suffered no net loss. all her appointment times were booked for weeks ahead. which of these apply to the defamation printed in the school newspaper? a. it is libel but not slander. it is slander but not libel. b. it is both libel and slander. c. no tort was committed because the falsehood involved matters of appearance, not business-related matters. d. no tort was committed because an editorial, not a formal news report, was involved.
1 Answer
On January 1, Novak Corp. Had 62,000 shares of no-par common stock issued and outstanding. The stock has a stated value of $4 per share. During the year, the following transactions occurred. Apr. 1Issued 13,950 additional shares of common stock for $12 per share. June 15Declared a cash dividend of $1. 60 per share to stockholders of record on June 30. July 10Paid the $1. 60 cash dividend. Dec. 1Issued 6,200 additional shares of common stock for $11 per share. Dec. 15Declared a cash dividend on outstanding shares of $1. 70 per share to stockholders of record on December 31. Prepare the entries, if any, on each of the three dates that involved dividends. (Record journal entries in the order presented in the problem. Credit account titles are automatically in is required, select "No Entry" for the account titles and enter 0 for the amounts. Round answers to 0 decimal places, e. G. 1,225. ) Date Account Titles and Explanation Debit Credit
1 Answer
[the following information applies to the questions displayed below.] in 2021, sheryl is claimed as a dependent on her parents' tax return. her parents report taxable income of $500,000 (married filing jointly). sheryl did not provide more than half her own support. what is sheryl's tax liability for the year in each of the following alternative circumstances? use tax rate schedule, dividends and capital gains tax rates for reference. (leave no answer blank. enter zero if applicable.) a. she received $7,000 from a part-time job. this was her only source of income. she is 16 years old at year-end
1 Answer
Tattletale News Corp. Has been growing at a rate of 20% per year, and you expect this growth rate in earnings and dividends to continue for another 3 years. A. If the last dividend paid was $6, what will the next dividend be? (Do not round intermediate calculations. Round your answer to 2 decimal places. )b. If the discount rate is 23% and the steady growth rate after 3 years is 3%, what should the stock price be today? (Do not round intermediate calculations. Round your answer to 2 decimal places. )
1 Answer
How did the automobile industry develop in california?.
1 Answer
Flip co. recorded the following inventory information during the month of january: units unit cost total cost units on hand balance on 1/1 2,000 $1 $2,000 2,000 purchased on 1/8 1,200 3 3,600 3,200 sold on 1/23 1,800 1,400 purchased on 1/28 800 5 4,000 2,200 flip uses the lifo method to cost inventory. what amount should flip report as inventory on january 31 under each of the following methods of recording inventory? (perpetual and periodic)
1 Answer
An increase in the quantity supplied can result from an increase in price. an increase in price. decreased demand. decreased demand. an increase in supply.
1 Answer
An ethical statement that is typically published on corporate websites and is intended for audiances outside and inside the company is known as
1 Answer
1. The size of the economy currently stands at US$10,000m, however unemployment is a major problem due to the downturn in the economy caused by the pandemic and a fall in export revenue of is two major exports - natural gas and oil. The unemployment rate has risen to 10% and the economy has been declining since 2014. The Minister of Finance has decided to implement a fiscal stimulus package worth $500m comprising mostly of higher government spending on infrastructure projects. The government plans to finance some of its expenditure by borrowing from domestic sources such as commercial banks. Currently the marginal propensity to consume (MPC) is 0. 65, partly reflecting consumers willingness to save given the uncertainty in the economy. (i) What is the Keynesian prescription for a government that is managing an economy that is contracting and there is high unemployment? Mention one of the assumptions of Keynesian economics 5 marks(ii) Draw a Keynesian cross showing the current equilibrium GDP at US$10,000m 5 marks(iii) Calculate the Keynesian spending multiplier? 1 mark (iv) Given the size of the multiplier and the size of the fiscal stimulus (higher government expenditure) what would be the actual change in gross domestic product? 2 marks b) Draw a Keynesian cross showing the change in aggregate expenditure, the new equilibrium and the change in GDP as a result of the fiscal stimulus 10 marks (ii) If the MPC is 0. 80 and the government wanted to grow the economy to US$12,000m how much would the government need to spend to reach its GDP target? 5 marks2) Classical economists are not supporters of higher government spending to alleviate unemployment and a recession. They believe that prices such as wages and interest rates need to adjust. (i) State one assumption of classical economists 1 mark (ii) Classical economists believes that higher government spending financed by domestic borrowing leaves aggregate demand unchanged because of the crowding out effect. Explain what is the crowding out effect and use it to explain how higher government spending financed by domestic borrowing leaves GDP unchanged. 5 marks (ii) If higher government spending was financed by higher taxes why would aggregate demand still remain unchanged according to classical economists? 2 marks (iii) Keynesian economists focus on the demand side of the economy while classical economist focus on the supply side and are not proponents of increasing aggregate demand to increase GDP. What sort of investments classical economists recommend that would trigger long run economic growth? 3 marks
1 Answer
a company can sell a product for $150,000 at the split-off point or process it further to make a new product that sells for $200,000. the joint costs incurred prior to the split-off point were $100,000, and the additional processing costs to produce the new product are $60,000. the difference in net income if the company decides to process further is
1 Answer
Calculate the monthly payment for a 5-year car loan of $23,570 at 10. 43% interest, compounded monthly.
1 Answer
On december 1, 2017, cone company issued its 10%, $2 million face value bonds for $2.3 million, plus accrued interest. interest is payable on november 1 and may 1. on december 31, 2019, the book value of the bonds, inclusive of the unamortized premium, was $2.1 million. on july 1, 2020, cone reacquired the bonds at 98 plus accrued interest. cone appropriately uses the straight-line method for the amortization because the results do not materially differ from those of the effective interest method. required: prepare a schedule to compute the gain or loss on this redemption of debt.
1 Answer
All of the following would be considered a solid action plan for scotts goal of becoming a teacher except
1 Answer
A homeowner can obtain a $270,000, 30-year fixed-rate mortgage at a rate of 3.35 percent with monthly payments. How much principal and interest will she pay in the 101st monthly payment?Multiple Choicea. $576.41; $613.51b. $440.87; $647.15c. $445.67; $642.35d. $538.56; $549.46e. $882.93; $1,293.10
1 Answer
Material a is added at the start of production, while material b is added uniformly throughout the process. refer to campbell corporation. assuming a weighted average method of process costing, compute eup for conversion. a. 2,000 b. 2,180 c. 2,600 d. 2,700
1 Answer
Number 2 pencils at campus bookstore are sold at a fairly steady rate of 60 per week. The pencils cost the book store 2 cents each and sell for 15cents each. It costs the bookstore $12 to initiate an order, and holding costs are based on an annual interest rate of 25%. A. Determine the optimal order quantity minimizing the annual cost and the optimal order quantity minimizing the weekly cost. Compare and analyze these two order quantities. B. Computes average inventory (I) and average inventory flow time (T). C. The stores inventory flow time will increase (or decrease) as the annual demand R increases. Explain why?
1 Answer
Suppose that the reserve requirement in an economy is 0. 35 and the Federal Reserve deposits $550 into commercial banks. What is the maximum possible change in the money supply? (Treat the entire amount of the deposit as the initial excess reserves. ) Round your answer to two decimal places
1 Answer