Answer:
Steps performed by DBMS to complete an ATM Cash Withdrawal are:
1. Authenticate card, retrieve users' information, and verify user ID, password, account number, and authorization code.
2. Check the user's bank Account to ensure sufficient balance to pay $100.
3. Give the ATM authority to release requested amount.
4. Calculate the balance after the transaction and
5. Update the account to new balance.
Explanation:
The DBMS (DataBase Management System) is the software that processes stored information about a user. It is like the manual file processing system, but with the added features of speed and availability for 24-hours service.
Last year, you earned a nominal rate of return of 6.92 percent on your bond investments. During that time, the inflation rate was 2.74 percent. How much did your purchasing power increase (real rate)
Answer:
Real rate of return= 0.0418 = 4.18%
Explanation:
Giving the following information:
Nominal rate of return= 6.92%
Inflation rate= 2.74%
The inflation rate decreases the purchasing power of nominal money.
To calculate the real rate of return, we need to use the following formula:
Real rate of return= nominal rare of return - inflation rate
Real rate of return= 0.0692 - 0.0274
Real rate of return= 0.0418 = 4.18%
What amount will be paid in full settlement of Invoice 22384, assuming that credit for returns and allowances was received prior to payment and that the invoice was paid within the discount period. Inv. No. Merchandise Freight Paid by Seller Freight Terms Returns and Allowances 22384 $4,500 $140 FOB Shipping Point, 2/10, net 30 $1,200
Answer: $3374
Explanation:
Merchandise = $4500
Less: Return and allowance = $1200
Less: Discount rate at 2% = $66
Add: Freight paid by seller = $140
The amount that will be paid in full settlement of Invoice will be:
= $4500 - $1200 - $66 + $140
= $3374
Note:
Discount rate was calculated as:
= 2% × ($4500 - $1200)
= 2% × $3300
= 0.02 × $3300
= $66
________ affords the marketing manager an opportunity to develop a rational pricing strategy across acomplete line of related items.
Answer: product line pricing
Explanation:
Product line pricing affords the marketing manager an opportunity to develop a rational pricing strategy across acomplete line of related items.
Product line pricing simply means when goods and services provided by a particular company or business are being separated into different cost or prices categories so that the consumers will have a mindset that the prices and costs represents the quality of the products.
This strategy is used to generate more profit to the company and to encourage customers to purchase the costlier products.
A stock will have a loss of 11.5% in a bad economy, a return of 11.3% in a normal economy, and a return of 31% in a hot economy. There is a 29% probability of a bad economy, a 32% probability of a normal economy and a 39% probability of a hot economy. What is the variance of the stock's returns
Answer:
Variance = 0.030096 or 3.0096% rounded off to 3.01%
Explanation:
To calculate the variance of the stock's returns, we first need to calculate the expected return on the stock. The expected return on the stock can be calculated by multiplying the stock return in each scenario by the probability of that scenario and taking a sum of the answers for each scenario.
Expected return of stock rE= pA * rA + pB * rB + ... + pN * rN
Where,
p represents the probability of each scenarior represents the return under each scenarioExpected return of stock rE = 0.29 * -0.115 + 0.32 * 0.113 + 0.39 * 0.31
Expected return of stock rE = 0.12371 or 12.371%
Variance = ∑ p * (r - rE)²
Variance = 0.29 * (-0.115 - 0.12371)^2 + 0.32 * (0.113 - 0.12371)^2 +
0.39 * (0.31 - 0.12371)^2
Variance = 0.030096 or 3.0096% rounded off to 3.01%
What three main categories of costs are considered in figuring the total cost of ownership? (Select all that apply.
Health and Wealth Company is financed entirely by common stock that is priced to offer a 18% expected return. If the company repurchases 30% of the common stock and substitutes an equal value of debt yielding 8%, what is the expected return on the common stock after refinancing?
Answer:
The expected return is 22.29%
Explanation:
The computation of the expected return on the common stock after refinancing is shown below:
= Expected return + (Debt ÷ Equity) × (Expected return - debt yield)
= 18% + (0.30 ÷ 0.70) × (18% - 8%)
= 18% + (0.30 ÷ 0.70) × 10%
= 22.29%
Hence, the expected return is 22.29%
We simply applied the above formula
Barry often works outdoors, where he measures property boundaries for various clients. He also analyzes the land to determine whether it can be safely built on. His job is best described as SURVEYOR Lois works in an office and comes up with ideas for how to design and structure office buildings. She often uses computer programs to create drawings and models. Then she hands the building plans to other workers, who create more detailed drawings. Her job is best described as ARCHITECT Marvin works in an office drawing maps for bridges, highways, and roads. His job is best described as CIVIL DRAFTER
Answer:
Barry is a land surveyor, you forgot one word there.
Lois is probably an architect since her job involves designing and planing houses, buildings and other structures.
Marvin is probably a graphic designer since his job involves drawing maps, so it is closely related with design. A civil drafter is someone who performs calculations, cost estimates, reports and they also draw plans but their job is more related to engineering or construction, rather than design.
Answer:
A. Surveyor B. Architect C. Civil drafter
Explanation:
Correct on edg 2020
What are some of the advantages that a strong Brazilian currency does for its population, and what are some of the challenges of having a strong currency relative to another currency
Explanation:
The currency used in the Brazilian economy is the Real. In recent years, the country has experienced a recession caused by high tax burdens and political instability, which has made the Brazilian currency one of the most devalued in relation to the US dollar.
For the population there are many disadvantages, such as the increase in international travel, greater difficulty in importing foreign products and greater export, which also makes Brazilian products more expensive for the population and reduces the added value of exports.
Therefore, it is necessary that there is an economic study that aims at the appreciation of the real against the exchange rate, which values the Brazilian economy, makes Brazilian products more accessible to the population, stabilizes inflation rates and allows for greater imports of raw materials.
You are ordering new equipment for the boss. Machine 1 will save $5,000 per year for 6 years; Machine 2 will save $6,000 per year for 5 years. Assume an interest rate of 10% compounded annually. What is the future value of savings from Machine 1 and Machine 2 in Year 6? Which machine should you select?
Answer:
The answer is "$38,578, $40,294, choose Machine 2".
Explanation:
Machine 1
Yearly savings = $5,000
Time = 6 years
Rate of Interest = 10%
Calculating the Future value:
[tex]FV = \$ 5,000 ( \frac{F}{A}, i, n)\\\\[/tex]
[tex]= \$ 5,000 (\frac{F}{A}, 10 \%, 6)\\\\= \$ 5,000 \times 7.7156\\\\= \$ 38,578\\\\[/tex]
Machine 1 savings would have a potential value of $38,578
Machine two
Yearly savings = 6,000
Time = five years
Rate of interest = 10%;
At the end of 5 years compute Potential value:
[tex]FV = \$ 6,000 (\frac{F}{A}, i, n) \\\\[/tex]
[tex]= \$ 6,000(\frac{F}{A}, 10 \%, 5)\\\\= \$ 6,000 \times 6.1051\\\\= \$ 36,630.6\\\\[/tex]
At the end of 5 years the potential value is $36,630.6.
The future value in Year 6 calculate-
[tex]FV = \$ 36,630.6 (\frac{F}{P}, i, n)\\\\[/tex]
[tex]= \$ 36,630.6 (\frac{F}{P}, 10 \%, 1)\\\\= \$ 36,630.6 \times 1.100 \\\\= \$ 40,293.66 \ \ or \ \ \$ 40,294\\\\[/tex]
Machine 2 saving will be worth $40,294 in future
Machine 2 's potential saving value is higher.
Thus, You can pick Machine 2.
Shelia purchases $50,000 of newly issued Gingo Corporation bonds for $45,000. The bonds have original issue discount (OID) of $5,000. After Shelia amortized $2,300 of OID and held the bonds for four years, she sold the bonds for $48,000. What is the amount and character of her gain or loss
Answer: $700
Explanation:
To solve the question, first, we have to calculate the adjusted basis of the bond and this will be the addition of the issued price and the ammortized bond. Therefore, adjusted basis will be:
= $45,000 + $2,300
= $47,300
Then, we will calculate the gain that's gotten on the bond sale. This will be the difference between the sales price and the computed adjusted basis.
= $48,000 - $47,300
= $700
According to the assumptions of the quantity theory of money, if the money supply increases by 5 percent, then a. nominal and real GDP would rise by 5 percent. b. neither nominal GDP nor real GDP would change. c. nominal GDP would rise by 5 percent; real GDP would be unchanged. d. nominal GDP would be unchanged; real GDP would rise by 5 percent.
Answer:
c. nominal GDP would rise by 5 percent; real GDP would be unchanged.
Explanation:
According to the quantity theory of money, the price level in an economy is directly related to the amount of money circulating in that economy.
If the money supply increases by 5 percent, what this will cause is an increase in the general price level of the economy, in other words, inflation, leading to a similar rise in nominal GDP, but leaving real GDP unchanged, since GDP is based on a constant year prices, unless the actual production of goods and services also increases, in which case, it would not necessarily increase by exactly 5 percent.
Anthony and Michelle Constantino just got married and received $39000 in cash gifts for their wedding. How much will they have on their twenty-fifth anniversary if they place half of this money in a fixed-rate investment earning 6 percent compounded annually? Would the future value be larger or smaller if the compounding period was 6 months? How much more or less would they have earned with this shorter compounding period?
If they place half of this money, PV, in a fixed-rate investment earning 6 percent compounded annually, the amount they will have, FV, on their twenty-fifth anniversary is $____ . (Round to the nearest cent.)
Answer:
83,691.48
Explanation:
39000/2 = 19,500
19,500 x 1.06 (6%) 25 times
The current zero-coupon yield curve for risk-free bonds is as follows: LOADING.... What is the price per face value of a two-year, zero-coupon, risk-free bond?
Answer:
$89.86
Explanation:
Calculation for the face value of a two year, zero-coupon risk-free bond
Using this formula
P=FV/(1+YTM)^n
Where,
FV represent the face value of $100
YTM represent the Yield to Maturity=5.49%
n represent the number of maturity year= 2 years
Let plug in the formula
P=100/(1+0.0549)^2
P=100/(1.0549)^2
P=100/1.11281401
P=$89.86
Therefore the price of a two-year, zero-coupon, risk-free bond will be $89.86
Why does Canadian Pacific want to acquire Norfolk Southern? Do you believe there is a compelling economic rationale for the merger?
Answer:
Drawing inferences from the Case Study "CANADIAN PACIFIC (CP) BID'S FOR NORFOLK SOUTHERN (NS)"
It is explicitly stated in paragraph 3 that the CP believes that the merger would be beneficial to the rail transport industry as it would help meet growing demands in the sector.
Also, in the twelfth paragraph, CP states that the industry stakeholders are demanding a "strong, healthy and high performing rail system". He indicates that the merger would bring about the needed change.
According to the Justice Department, the proposal is structured in such a way that it limits the independence of NS. It also appears that CP is pushing too hard because at the time of these events, the Surface Trasportation Board was yet to complete its reveiw of the proposal.
It is safe therefore to say that CP wants to acquire NS to expand their market share. There is no affirmation in the casestudy from a thirdparty to CP about the potential benefits of the merger.
Therefoe there is no compelling economic rationale to the public for the proposed expansion.
Cheers
Answer:
jtlyn ns already owns cn
Explanation:
Use Present Worth Analysis to determine whether Alternative A or B should be chosen. Items are identically replaced at the end of their useful lives. Assume an interest rate of 20% per year, compounded annually. Alternative A Alternative B Initial Cost 250 575 Annual Benefit 90 158 Salvage Value 100 140 Useful Life (yrs) 2 3
Answer:
Alternative A should be selected since its equivalent annual cost is much lower than alternative B's
Explanation:
we first must to determine the NPV of both projects and then the equivalent annual cost:
Project A
initial outlay -250
NCF year 1 = 90
NCF year 2 = 90 + 100 = 190
NPV = -43.06
equivalent annual cost = -43.06/PV annuity factor = -43.06/1.5278 = -28.18
Project B
initial outlay -575
NCF year 1 = 158
NCF year 2 = 158
NCF year 3 = 158 +140 = 298
NPV = -161.16
equivalent annual cost = -161.16/PV annuity factor = -161.16/2.1065 = -76.51
If sales are $820,000, variable costs are 58% of sales, and operating income is $260,000, what is the contribution margin ratio
Answer:
the contribution margin ratio is 42%
Explanation:
The contribution margin ratio is
= Sales ratio - variable cost ratio
= 100% - 58%
= 42%
As the sales comes by adding the variable cost and the contribution margin
So we takes the sales ratio be 100% so that the contribution margin ratio would come
hence, the contribution margin ratio is 42%
The same is to be considered
Companies frequently issue both preferred stock and common stock. What are the major differences in the rights of stockholders between these two classes of stock
Answer:
Preference Shares
They get a stated amount of dividend every period dependent on the income of the companyThis dividend is paid to them before dividends are paid to Common shareholdersThey cannot vote in the company for either directors or general mattersThey get preference over common shareholders in cases of liquidationCommon Shares
Common shares are equity interests in the company which means that they can vote on general and major issues matters as well as to elect directors.They get dividends based on company performance and after the preference shareholdersThey can transfer ownership of their stock to other individuals.A company purchased inventory as follows: 150 units at $10 350 units at $12 The average unit cost for inventory is
Answer:
the average cost for inventory is $11.40
Explanation:
The computation of the average units for cost is shown below:
= Total purchase ÷ total purchase units
= (150 units × $10 + 350 units × $12) ÷ (150 units + 350 units)
= ($1,500 + $4,200) ÷ (500 units)
= ($5,700) ÷ (500 units)
= $11.40
Hence, the average cost for inventory is $11.40
We simply applied the above formula and the same is to be considered
A merchandiser, provides the following information for its December budgeting process:
The November 30 inventory was 1,800 units.
Budgeted sales for December are 4,000 units.
Desired December 31 inventory is 2,840 units.
Budgeted purchases are:________
a. 5040 units
b. 6,840 units
c. 4,000 units
d. 5,800 units
Answer:
a. 5,040 units
Explanation:
The computation of the budgeted purchase is shown below:
As We know that,
= Budgeted Sale units + ending inventory units - beginning inventory units
= 4,000 units + 2,840 units - 1,800 units
= 5,040 units
Therefore we simply added the closing inventory units and subtract the opening inventory units from the Budgeted Sale units in order to determine the Budgeted purchases units
On January 1, 2021, Hodge Beanery received $8,000 from the Kennedy Company in exchange for a coffee roaster that it will deliver to Kennedy on December 31, 2021. Assuming that Hodge views the time value of money to be a significant component of this transaction, and that a 9% interest rate is applicable, how much deferred revenue would Hodge recognize on January 1, 2021
Answer:
the deferred revenue recognized is $7,339.45
Explanation:
The computation of the deferred revenue is shown below:
Revenue is $8,000
And,
Present value of $1 at 9% for 1 year 1 ÷ 1.09 is 0.917
So
The Deferred revenue to be recorded is
= Earnings × PVF factor
= $8,000 * 0.917
= $7,339.45
hence, the deferred revenue recognized is $7,339.45
We simply applied the above formula and the same is to be considered
You want to buy a car, and a local bank will lend you $10,000. The loan will be fully amortized over 5 years (60 months), and the nominal interest rate will be 5% with interest paid monthly. What will be the monthly loan payment
Answer:
$188.71
Explanation:
in order to calculate the monthly payment, we can use the present value of an annuity formula:
present value = monthly payment x annuity factor
monthly payment = present value / annuity factor
present value = $10,000PV annuity factor, 60 periods, 0.4167% = 52.9913monthly payment = $10,000 / 52.9913 = $188.7102222 = $188.71
The funding sources for a Capital Projects Fund include proceeds of a general obligation bond issuance and a capital grant from the State Highway Trust. Assuming there are no other funding sources and expenditures have not exceeded such resources, the ending fund balance should be reported as:_______
a. non-spendable.
b. restricted.
c. committed.
d. assigned.
Answer:
b. restricted.
Explanation:
As we know that for the capital projects fund, the funding sources involve the proceeds with respect to the issuance of the particular liability bond also a capital grant from the trust of state highway
So here the ending fund balance would be reported as a restricted and the same is to be considered
Hence, the option b is correct
The United Auto Workers (UAW) and Ford Motor Company were negotiating a new agreement to address the auto industry woes during a severe economic downturn. Ford offered to consider delaying layoffs if the UAW agreed to changes in contractual work rules related to the jobs bank. This negotiation suggests the use of what conflict handling style
Answer:
Compromise
Explanation:
Conflict is simply a disagreement, Internal/external disaggregated that lead to from differences between individuals or groups of individuals regarding ideas, values or feelings.
Conflict handling Styles include Competing, Accommodating, Withdrawing, Compromising anf Collaborating
Compromising is a type of conflict resolution/ handling style is liken to a "lose-lose" situation. In this situation,there are where neither party involved achieves their goal. That is it strive to find a point or middle ground between meeting your own needs and meeting the needs of your group members.
A firm offers terms of 1/25, net 40. a. What effective annual interest rate does the firm earn when a customer does not take the discount
Answer: 27.70%
Explanation:
The following can be deduced from the question:
Discount = 1%
We then calculate the interest rate based on the discount given in the question. This will be:
= 1%/(100% -1%)
= 1%/99%
= 0.01/0.99
= 0.0101
= 1.01%
Number of days given in respect for the interest = 40 - 25 = 15days
The effective annual interest will be calculated as:
= ((1 + int rate)^m) -1
= ((1 + 1.01%)^(365/15)) - 1
= (1.01)^(24.3) - 1
= 0.27702
= 27.70%
A series of equal periodic payments that starts more than one period after the agreement is called: Multiple Choice An annuity due. An ordinary annuity. A future annuity. A deferred annuity.
Answer:
A deferred annuity.
Explanation:
A deferred annuity is the contract done with the insurance company in which the promise is made with respect to the amount paid to the owner as a regular income or a lump sum amount for some future date
Therefore in the given case, the last option is correct and the same is to be considered
All the other options are wrong
1. Lulu started saving $200/month in a 401(k) earning 6% interest compounded monthly when she was 45 years old. How much will be in her account when she retires at age 65
Answer:
Lulu's account will be equal to $48,287.94
Explanation:
a) Data and Calculations:
Savings in 401(k) = $200 per month
Interest rate = 6% compounded monthly
Period of savings = 20 years
Future value is determined using online calculator:
Results
FV (Future Value) $48,287.94
PV (Present Value) $47,711.96
N (Number of Periods) 240.000
I/Y (Interest Rate) 0.005%
PMT (Periodic Payment) $200.00
Starting Investment $0.00
Total Principal $48,000.00
Total Interest $287.94
20 years ago, a certain part cost $175. The cost index was 103 and now the index is 320. What cost below is closest to the estimated current cost for the item? Group of answer choices
Answer:
The estimated current cost for the item is $544
Explanation:
The computation of the estimated current cost for the item is shown below:
= Cost index in present ÷ Previous cost index × cost of certain part
= 320 ÷ 103 × $175
= $544
Hence, the estimated current cost for the item is $544
The same is to be considered
We simply applied the above formula so that the estimated current cost could come
The sportswear department had an opening inventory of $95,000 at cost with a markup of 45.5% on March 1. During the month, the buyer for the department purchased additional merchandise with a retail value of $50,000 with a 48% markup. Calculate the cumulative markup percent for March.
Answer:
46.16%
Explanation:
cost of opening inventory = $95,000
markup of the opening inventory = $95,000 x 45.5% = $43,225
the cost of the the month's purchase:
0.48 = ($50,000 - C)/C
0.48C = $50,000 - C
1.48C = $50,000
C = $50,000/1.48 = $33,784
markup of month's purchase = $50,000 -$33,784 = $16,216
cost of the total inventory = $95,000 + $33,784 = $128,784
total markup = $43,225 + $16,216 = $59,441
cumulative markup = $59,441 / $128,784 = 0.4616 = 46.16%
An interest rate is 12% per annum with continuous compounding. What is the equivalent rate with semiannual compounding
Answer:
11.66%
Explanation:
The interest rate of continuous compounding is known as the effective interest rate and this is 12%. The interest equivalent of this, compunded a number of times in a year is known as the norminal rate.
The Nominal rate with semiannual compounding is calculated using a financial calculator as follows :
12% SHIFT + EFF%
P/YR = 2
SHIFT NOM% = 11.66%
The arrangement that manages projects within the existing organizational structure is __________ organization
Answer:
Functional Organization
Explanation:
The arrangement that manages projects within the existing organizational structure is Functional organization.
Features of Functional Organization
a. The entire organizational activities are divided into specific functions such as operations, finance, marketing and personal relations.
b. Complex form of administrative organization compared to the other two.
c. Three authorities exist- Line, staff and function.
d. Each functional area is put under the charge of functional specialists and he has got the authority to give all decisions regarding the function whenever the function is performed throughout the enterprise.
e. Principle of unity of command does not apply to such organization as it is present in line organization.