She can deposit $5,215.83 today if the investment earns compound interest, compounded monthly
Given the following:
Amount, A=$8,700
Interest rate, I=5.25%
Time, t=10 months
n=1 (compounded monthly)
To find the deposit or Principal (P), we use the compound interest formula below:
[tex]A=P(1+\frac{r}{n} )^{nt}[/tex]
[tex]P=\frac{A}{(1+\frac{r}{n})^{nt} }[/tex]
[tex]P=\frac{8,700}{(1+\frac{0.0525}{1})^{10} }[/tex]
[tex]P=\frac{8,700}{(1.0525)^{10} }[/tex]
[tex]P=\frac{8,700}{1.668}[/tex]
P=$5,215.83
So the initial principal balance (P) is $5,215.83, and principal is the same as the deposit amount.
Therefore, the deposit amount is $5,215.83
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on january 1, 1980 suzanne received a twenty-year annuity-due that paid $100 each january 1 and $300 each july 1. what was the value of this annuity on january 1, 1980, calculated using an effective interest rate of 4.48%?
The value of the annuity due on January 1, 1980 is equal to the present value of the annuity due, that is $5,445.7
The given interest is the effective interest rate : 4.48%.
Both payment on January 1 and July 1 is once a year, hence Suzanne will receive $400 per year.
The present value of an annuity due is given by:
P = C × [1 - (1+i)⁻ⁿ] × (1+i)/i
Where:
C = cash flow
n = number of periods
i = interest rate
Parameters given:
i = 4.48% = 0.0448
n = 20
C = 400
Plug these parameters into the formula:
P = 400 × [1 - (1.0448)⁻²⁰] × (1.0448)/0.0448
= 5,445.7
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The federal gift tax applies to all gifts over
O $2,000.
O $10,000.
$14,000.
$18,000.
The federal gift tax applies to all gifts over: C. $14,000.
What is the IRC?The IRC is an abbreviation for Internal Revenue Code and it can be defined as a body of federal statutory tax law that is saddled with the responsibility of codifying all federal tax laws in the United States of America, such as the following:
Income taxEstate taxGift taxExcise taxAlcohol taxEmployment taxAccording to the Internal Revenue Code section, §2502, for the year 2014, 2015, 2016, and 2017, the federal gift tax applies to all gifts that are over 14,000 dollars.
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a(n) is a collaborative relationship between two separately owned companies in which resources, risk, and operational control are shared. multiple choice question. strategic alliance outsourcing agreement merger acquisition
A strategic alliance is a collaborative relationship between two separately owned companies in which resources, risk, and operational control are shared.
A strategic alliance is an agreement between two companies to collaborate on a task that will be advantageous to both while preserving each company's autonomy. A company could create a strategic alliance to boost its market share, expand its line of products, or outperform competitors. The agreement allows two companies to work together on a project that will benefit both of them.
A corporate partnership has a number of advantages. These include the development of new opportunities, the transfer of technology, organisational effectiveness, cost reductions in design and after-sales services, and enhancements to financial performance.
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Question 7
A credit union would be considered a..?
Deposit Institution
Non-Deposit Institution
A credit union would be considered a deposit institution.
What is a credit union?A credit union is described as a financial institution that offers banking services to its members. It is important to mention that credit unions fall into the category of financial institutions that operated as financial cooperatives. However, they offer fewer facilities when compared to a traditional bank.
A credit union solely serves its members and just like traditional banks also accepts deposits from the members. It can also be highlighted that credit unions facilitate their members with a place to save their money and also borrow money at reasonable rates.
It can be concluded that a credit union would be considered a deposit institution.
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what happens if petrel instead sells the property at its fair market value, used $70,000 of the proceeds to pay off the liability, and then distributed the remaining cash and any tax savings to juan?
If Petrel had sold the business property at its fair market value, it would have a recognized loss of $150,000 (290,000 - 140000).
Commercial Distributions :Distributions made by the pot to its shareholders are treated as follows
As taxable dividend income to the extent of advanced ofCurrent Earning & Profit( CEP) orSum of Current Earning & Profit and Accumulated Earning & Profit before distribution2. Remaining tip to the extent of shareholders base are treated as non-taxable return of capital which reduces the shareholder's base
3. Tip in excess of E&P and shareholder base are taxable capital gain distributions.
Simplification of Profit :
First we need to calculate the Current Earnings and Profit :
Particulars Amount
Current year taxable income 320,000
Less: Installment sale in the previous year 16,000
Less: Federal Income tax liability disallowed 67,200
Less: Life insurance premium paid for an officer 4,500
Add : Proceeds from the life insurance of an officer 150,000
Current Earnings and Profit 382,300
Analyzing the given data :
Given Accumulated Earning & Profit = $85,000
Thus Sum of Current Earning & Profit and Accumulated Earning & Profit before distribution =$467,300
Also, when an appreciated property is distributed to a shareholder as tip, property is distributed to the shareholder at Fair Market Value and the gain is honored by the pot. still losses are deductible except in the event of complete liquidation of the company.
Thus in the given case, quantum of tip distribution = Acclimated base of the land- Mortgage value = $290,000 - $70,000
= $220,000
Thus the E & P of Petrel Corporation after the property distribution is $ 247,300 (467,300 - 220,000) on December 31.
still, it would have a honored loss of $ 150, 000( 290 , 000 - 140000 ) If Petrel had vended the business property at its fair request value.
Net proceeds from the property after paying off the loan of $70,000 = $140,000 - $70,000 = $70,000
duty saving on the trade of property at loss = $150,000 × 21% = $31,500
After paying off the loan and any levies associated with the trade, Juan receives a tip of $101,500 (70,000 + 31,500).
The E & P of Petrel Corporation after the property trade and distribution of cash to Juan is $365,800 (467,300 - 101,500)
Question is incomplete , missing part is given below :
Petrel Corporation has accumulated E & P of $85,000 at the beginning of the year. Its current-year taxable income is $320,000. On December 31, Petrel distributed business property (land: fair market value of $140,000, adjusted basis of $290,000) to Juan, its sole shareholder. Juan assumes a $70,000 liability on the property. Included in the determination of Petrel's current taxable income is $16,000 of income recognized from an installment sale in a previous year. In addition, the corporation incurred a Federal income tax liability of $67,200, it paid life insurance premiums of $4,500, and received term life insurance proceeds of $150,000 on the death of an officer.
Assume Petrel Corporation is taxed at the 21% tax rate.
The E & P of Petrel Corporation after the property distribution is $_______ on December 31.
What happens if Petrel instead sells the property at its fair market value, used $70,000 of the proceeds to pay off the liability, and then distributed the remaining cash and any tax savings to Juan?
If Petrel had sold the business property at its fair market value, it would have a recognized loss of $_______. After paying off the loan and any taxes associated with the sale, Juan receives a dividend of $_________. The E & P of Petrel Corporation after the property sale and distribution of cash to Juan is $_________.
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when gdp per capita is used as a rough measure to compare the economic regions of the world, latin america and the caribbean are better off than , but worse off than .
When GDP per capita is used as a rough measure to compare the economic regions of the World, Latin America and the Caribbean are better off than Sub-Saharan Africa, but worse off than South Asia, Eastern Europe, and Central Asia. The correct answer is option(a).
A country's Gross Domestic Product (GDP) per capita is calculated by dividing the GDP by the entire population. The world's nations are ranked in the table below by nominal GDP per capita and GDP at purchasing power parity (PPP) per capita.
Higher GDP per capita is frequently linked to favorable outcomes in various sectors, including better health, more education, and even higher levels of life satisfaction. We have learned from the fiscal and monetary history of Latin America and the Caribbean that continuous monetary financing of persistent budgetary deficits is the principal cause of the escalating inflation rates that have exceeded 20% annually for many months.
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The complete question is:
When GDP per capita is used as a rough measure to compare the economic regions of the World, Latin America and the Caribbean are better off than _________________, but worse off than ___________________.
A. Sub-Saharan Africa; South Asia, Eastern Europe and Central Asia
B. Eastern Europe and Central Asia; East Asia and the Pacific
C. East Asia and the Pacific; the Middle East and North Africa
D. South Asia; Eastern Europe and Central Asia
compare and contrast keynesian economic theory and supply-side economics. when have these theories been adopted historically in the united states? what can be said about these economic theories, given the circumstances under which they have been adopted?
Keynesian economic theory is based on the work of economist John Maynard Keynes, who argued that government intervention is needed to help economies recover from recessions. Keynesian economics was adopted in the United States during the Great Depression, when the government implemented Keynesian policies such as increasing government spending and increasing taxes on the wealthy.
What is Keynesian economic?
The various macroeconomic theories of how aggregate demand significantly affects economic output and inflation are known as keynesian economics. According to the Keynesian perspective, the level of overall demand need not match the economy's capacity for production. Instead, it is impacted by a variety of variables that sometimes behave erratically and have an impact on inflation, employment, and production. Keynesian economists typically contend that because aggregate demand is unstable and erratic, market economies frequently experience macroeconomic outcomes that are inefficient, such as recessions when demand is low or inflation when demand is high. Furthermore, they contend that coordinated economic policy responses from the government and central bank can lessen these economic fluctuations.
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true or false: the national labor relations act of 1935 limited management interference in the right of employees to have a collective bargaining agent.
This is true. The national labor relations act of 1935 limited management interference in the right of employees to have a collective bargaining agent.
What did the national labor relations act of 1935 do?In the year 1935, the congress of the United States had to pass this law into the nation. This was what gave the people in the nation the right to the policy that the collective bargaining efforts of workers are protected and they also have all of the rights that has to do with the freedom of association.
Therefore the answer to the question is true because it did give the employees the needed rights that they had for collective bargaining.
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calculate the effect on the equilibrium interest rate in this market, as a result of the federal reserve action. the expected interest rate on a one-year discount bond will ▼ increase decrease to enter your response here%. (round your intermediate calculations to the nearest whole number. round your final answer to two decimal places.)
The expected interest rate on a one-year discount bond with a face value of 1,000 and a current price of 904 is (1,000-904)/904 = 0.1062 or 10.62%.
The new equilibrium quantity is provided as a consequence of the Federal Reserve action as: -0.8Quantity + 1,140 = Quantity + 610
1.8 * Quantity = (1,140 - 610) = 530
530 divided by 1.8 equals 294 ( taking whole number only)
Using the bond supply curve as an illustration:
Price = 294 + 610 = 904
As a result, the expected interest rate on a one-year discount bond with a face value of 1,000 and a current price of 904 is (1,000-904)/904 = 0.1062 or 10.62%.
Here is the complete question-
The demand curve and supply curve for one-year discount bonds with a face value of $1,000 are represented by the following equations:
Bd: Price = −0.8Quantity + 1,140
Bs: Price = Quantity + 710
Suppose that, as a result of monetary policy actions, the Federal Reserve sells 100 bonds that it holds. Assume that bond demand and money demand are held constant.
Calculate the effect on the equilibrium interest rate in this market, as a result of the Federal Reserve action.
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a veterinary practice normally sells approximately 135 bottles of soloxine 0.3mg every 3 months (90 days). it takes 4 days to receive an order from the distributor from the time the inventory level is found to be low. what is the reorder point for soloxine?
The reorder point for soloxine would be 135 bottles multiplied by 4 days, which would equal 540 bottles. This number represents the point at which the veterinary practice would need to reorder soloxine from the distributor in order to maintain a consistent level of inventory.
What is reorder point ?
The inventory level that prompts a replenishment of that specific stock is known as the reorder point (ROP). It is the minimum quantity of a product that a company keeps on hand, below which the product must be ordered again. It is typically determined by adding safety stock to the forecast usage during in the lead time for replenishment. It was assumed inside the EOQ (Economic Order Quantity) prototype that there is no delay between placing an order and receiving the materials. When the inventory level reaches zero, it is time to place an order to replenish the stock. The level of inventory increases from zero to the original level due to the immediate replenishment of stock.
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Auto manufacturers are currently offering flex-fuel vehicles that are designed to run on ethanol gasoline mixtures. An economist recently analyzed the cost versus value consideration of these vehicles and found that the market is currently buying approximately the socially efficient amount of flex fuel vehicles. Under lobbying pressure from the car manufacturers and environmental groups, the federal government is considering a $3,000 subsidy paid per flex fuel vehicle sold. If this subsidy goes through, what would be the most likely impact on market efficiency?.
If government continues this subsidy of $3,000 per flex fuel vehicle sold, then in this case the market efficiency is most likely to decrease.
Subsidy is a kind of aid which is in monetary terms provided to both people as well as manufacturers to extend an economic and social support. Basically, subsidy is provided to uplift them socially as well as economically. Government normally provide subsidy in the form of reduction in per unit price of some essential consumer goods as well as producer goods.
Subsidies are designed to support or retain what are regarded to be essential components of the country's economy or infrastructural facilities. Even though the specific company or organizations involved may personally benefit from subsidies, economic experts conclude that subsidies weaken free trade and result in decrease in market efficiency.
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the document that the purchasing department uses to place an order with a vendor is called the: multiple choice purchase requisition. purchase order. invoice. receiving report. invoice approval.
The document that the purchasing department uses to place an order with a vendor is called the purchase order. Thus, option B is correct.
What is purchase?A purchase is when a person makes a purchase or acquires possession of a product. A price must be paid in order to purchase an item. A computer, a condo, an automobile, or even some detergent can be the purchased object.
A purchase order is the list of items that will be given to the vendor as the condition in which the businessmen will have to give the order. It contains the quantity and the item that is needed.
Therefore, option B is the correct option.
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benefits of an emphasis on employee retention include all of the following except: a. reduced recruiting expenses b. retaining employees supports hr strategy, regardless of an organization’s strategy. c. employees have a sense of security that persuades them to work for slightly lower wages than they may be able to earn elsewhere d. employee retention helps build a workforce with unique skills.
B. All of the following advantages come from putting a focus on employee retention, with the exception that keeping workers helps HR strategy regardless of an organization's plan.
The capacity of an organisation to keep its personnel and ensure their sustainability is known as employee retention.
Employee retention is a priority for businesses because it lowers recruiting costs, gives workers the confidence to accept slightly lesser pay than they might otherwise be able to, and contributes to the development of a workforce with specialised skills. In times of low unemployment and increased competition for talent, employers are especially interested in keeping workers on board.
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ray began regular work as an independent contractor and earned $28,000. ray made no estimated tax payments in 2022 and he did owe tax at the end of the year. what amount does ray owe for the underpayment penalty in 2022?
Ray did not owe any taxes in 2022, thus he does not owe the underpayment penalty for 2022.It is $0.
Most governments rely primarily on taxes as a source of income. These funds are used, among other things, to maintain and upgrade public facilities, such as the roads we use, and to pay for public services like hospitals, schools, and social programmes. Every person must pay income tax. According to section 2(3) of the Income Tax Act, both natural and artificial individuals fall under the definition of "person." a penalty imposed or experienced for breaking a rule or the law. a loss, forfeiture, suffering, or similar experience one submits themselves to as a result of breaching a duty. something that is lost, such as money is called penalty.
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each of the following statements contains an error. explain what’s wrong in each case. (a) ""there is a high correlation between the gender of american workers and their income.""
Correlation is a measure to define the relationship between two variables.
Error in each of the given statements is briefly explained as follows:
a). In the first statement, gender refers to a nominal variable and income refers to a continuous variable. It is not possible to compute the correlation between a continuous variable and a nominal variable. Hence, there exists no correlation between the income of American workers and their gender.b). It is not possible to have a value of correlation as 1.09 between two variables. It is because the value of correlation ranges between -1 to +1. Thus, the value of correlation i.e. 1.09 is computed wrongly in this statement.c). Correlation represents the relationship between two variables; it cannot compute the number of bushels. Therefore, in this statement number of bushels cannot be assigned to correlation.
The complete question is:
“
Each of the following statements contains an error. Explain what’s wrong in each case.
(a) "There is a high correlation between the gender of American workers and their income."
(b) "We found a high correlation (r = 1.09) between students’ ratings of faculty teaching and ratings made by other faculty members."
(c) "The correlation between planting rate and yield of corn was found to be r = 0.23 bushel."
“
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sammie is planning a persuasive request. what advice should she follow for the opening of her request? (aida) group of answer choices provide her telephone number. capture the reader's attention and interest. cite facts, statistics, expert opinions, examples, and specific details to support her request. identify herself and her company.
Capture the readers attention and interest should be followed for opening of persuasive request.
When someone tries to persuade a person or group of people to do something, they are using a persuasive message. Sales and marketing are the two sorts of persuasive messages used in the workplace to forward corporate goals.
The AIDA model is one strategy for using persuasion to achieve a marketing or sales goal. The processes required to convince a customer to act are described by this marketing model. Awareness, Interest, Desire, and Action make up the model. Selling something is the act of doing so, whereas marketing refers to strategies used to inform, educate, and encourage people about a good or service.
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You are interested in saving money for your first house. Your plan is to make regular deposits into an account that will earn 12. 20% per year. Your first deposit of $4,500 will be made today. You also plan to make additional deposits at the end each of the next 9 years of $2,000. How much money will be in your account after making your final deposit?.
The future value of the deposit will be calculated by considering both lump sum deposit and annuity and combined value will be $42,483, i.e., option (a).
Given information:
Periodic cash flow (P) = $2,000
Interest rate (i) = 12.2%
Time period (n) = 9
Future Value of annuity = P*[ (1+i) ^n-1] /i
=2,000* [(1.122) ^9 -1}/i
= 2,000*(1.818/0.122)
= 2,000*14.901
= 29,802
Therefore, future value of annuity is $29,802.
Future value of lump sum:
Given information:
Amount (P) = $4,500
Interest rate (i) = 12.2%
Time (t) = 9 years
Future value = P*(1+i) ^n
= 4,500 (1.122) ^9
= 12,681
Therefore, future value of lump sum is $12,681
Total maturity amount = $29,802 + $12,681
= $42,483
The complete question is here:
You are interested in saving money for your first house. Your plan is to make regular deposits into an account that will earn 12.20% per year. Your first deposit of $4,500 will be made today. You also plan to make additional deposits at the end of each of the next 9 years of $2,000. How much money will be in your account after making your final deposit?
a) $42,483
b) $46,096
c) $41,041
d) $41,389
e) $41,012
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a business will usually choose to produce a new product in an existing facility if the cost of doing so is less than the cost of building a new one and the .
A business will usually choose to produce a new product in an existing facility if the cost of doing so is less than the cost of building a new one and the existing factory has enough capacity.
What is an existing product improvement?Enhancing current features of a product or adding new functionality is known as product improvement. Usually, the goal is to increase value for current users or to get more new consumers to sign up.
When the cost of producing a new product in an existing facility is less than the cost of constructing a new one and the existing factory has the capacity to meet the demand for both the new product and the existing one, businesses will typically opt to do so.
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according to the efficient markets hypothesis, the number of people who think a stock is overvalued exactly balances the number of people who think a stock is undervalued. a. true b. false
The given statement is true because according to the Efficient Markets Hypothesis (EMH), the number of people who think a stock is overvalued balances exactly the number of people who think a stock is undervalued.
The Efficient Markets Hypothesis (EMH) is a hypothesis that states when new information enters the market, it is quickly reflected in stock prices and as a result, neither fundamental nor technical analysis can generate excess returns. This means that the prices found in the current market only respond to new information.
According to the EMH hypothesis, there are always an equal number of people in two groups: people in one group consider that stock is undervalued; in contrast, people in the other group assume that stock is overvalued.
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suppose that in a closed economy gdp is equal to 20,000, consumption equal to 15,000, government purchases equal 4,000, and taxes equal 3,000. what are private saving, public saving, and national saving?
The private saving is 2,000 ; public saving is 1,000; national saving is 3,000
Private saving=20,000-3,000-15,000
=2,000
Public Saving=3,000-4,000
=1,000
National saving=2,000+(1,000)
=3,000
Calculating the problem:Private saving in a closed economy may be calculated as follows:
Private saving = GDP - taxes- consumption
GDP=20,000
taxes=3,000
consumption=15,000
Private saving=20,000-3,000-15,000
=2,000
Public saving in a closed economy may be calculated as follows:
Public Saving= Taxes- government purchase
Taxes = 3,000
Government purchases = 4,000
Public Saving=3,000-4,000
=(1,000)
National saving in a closed economy may be calculated as follows:
National saving= private saving +public saving
=2,000+(1,000)
=3,000
What does closed economy mean?A closed economy basically refers to a country that doesn't trade or engage in other financial exchanges with some other country. Which means no imports comes into the country and no exports leave it.
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if a check correctly written and paid by the bank for $118 is incorrectly recorded in the company's books for $181, how should this error be treated on the bank reconciliation?
If a check correctly written and paid by the bank for $118 is incorrectly recorded in the company's books for $181, this can be corrected as adding $63 in the Cash Book balance.
What is Bank Reconciliation?Bank Reconciliation is the reconciling of the bank statement and cash book. The difference is the transactions that are omitted in the cash book, the transactions that are recorded with wrong amount in the cash book and the transactions that ae pending on the bank and will be settled on a future date.
As the check that was paid by the bank is written correctly but incorrectly recorded as a greater amount. The differential amount is to be deducted from the Cash book to correct the error and tie the balance. This correction will correct the balance of the cash book maintained by the company and the ending or closing balance of the bank account will be matched.
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policymakers who control monetary and fiscal policy and want to offset the effects on output of an economic contraction caused by a shift in aggregate supply could use policy to shift a. aggregate demand to the right. b. aggregate demand to the left. c. aggregate supply to the right. d. aggregate supply to the left.
In the short term, governments may concentrate on macroeconomic stabilization, such as increasing spending or lowering taxes to boost a struggling economy or reducing spending or increasing taxes to combat rising inflation or assist in reducing external vulnerabilities.
Who is in charge of fiscal and monetary policy?
The Federal Open Market Committee (FOMC) is the body in charge of making monetary policy within the Federal Reserve System. The Federal Open Market Committee (FOMC) meets eight times a year to review economic and financial developments and determine the appropriate monetary policy stance.
Monetary policy has the power to influence aggregate demand. The aggregate-demand curve will eventually shift to the right as a result of an increase in the money supply. The aggregate-demand curve will eventually shift to the left as a result of a decrease in the money supply.
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What is the most important aspect of the loan process for a bank?
A: That you ask politely and are well mannered
B: The occupation in which you work
C: The score you earned on your credit report
D: Your professional appearance and good looks
Answer:
credit history and score; 2) collateral (type of property being secured); 3) cash (your down payment) and 4) capacity (how much debt you have versus income every month). “Underwriters review the loan based on the above criteria, as well as layered risk factors,” explains Gage
A ________ is a financial agreement between you and the dealership, where you agree to pay a certain price for the right to drive the car for a set period of time.
A lease is a financial agreement between you and the dealership, where you agree to pay a certain price for the right to drive the car for a set period of time.
What is price?Price can be defined as an amount of money which is primarily set by the seller of a good, product, or service, and it must be paid by a buyer to the seller, so as to enable the acquisition of this good, product, or service.
What is a lease?A lease can be defined as a financial agreement that exist between a buyer and the dealership, wherein the buyer completely agrees to pay an amount of money, in order to acquire the right to use a good, product, or service for a specific period of time.
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Complete Question:
A ________ is a financial agreement between you and the dealership, where you agree to pay a certain price for the right to drive the car for a set period of time.
A. payment
B. lease
C. loan
D. right to buy
changes in growth and stock valuation consider a firm that had been priced using a 13.00 percent growth rate and a 18.00 percent required rate. the firm recently paid a $2.30 dividend. the firm has just announced that because of a new joint venture, it will likely grow at a 15.00 percent rate. how much should the stock price change (in dollars and percentage)? multiple choice $36.19, .70% $28.00, 100.00% $36.19, 70.00% $28.00, 1.00%
The Change in Stock price before and after venture and Change in Stock price before and after venture (%) are $36.19, 70%
Required rate of Return( ke ) = 18%
Dividend just paid(D0) = $2.30
Dividend growth rate before venture(g) = 13%
calculating the Price of Stock before Joint Venture:-
[tex]Po=\frac{Do (1+g)}{(ke-g)} \\Po=\frac{2.30(1+0.3)}{(0.18-0.13)}\\Po=51.98[/tex]
The Price of Stock before Joint Venture = $51.98
Dividend growth rate after Joint venture(g1) = 15%
calculating the Price of Stock after Joint Venture:-
[tex]Po=\frac{Do (1+g1)}{(ke-g1)} \\Po=\frac{2.30(1+0.5)}{(0.18-0.15)}\\Po=88.17[/tex]
The Price of Stock after Joint Venture = $88.17
Change in Stock price before and after venture = $88.17 - $51.98= $36.19
% Change in Stock price before and after venture = ($88.17 - $51.98) ÷ $51.98 = 70%A share price, also known as a stock price, is the price at which one share of a corporation would be purchased. A share's price is not constant; rather, it changes with the state of the market. If the business is thought to be doing well, it will probably rise; if it isn't, it will probably decrease.Learn more about Stock price, here
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A grocer sells apples for $1. 35 each, pears for $1. 45 each and oranges for $1. 60 each. She also offers a discount of 70c for anyone who buys two pieces of fruit, and a discount of $1. 60 for anyone who buys three pieces of fruit. One day she sells 50 pieces of each type of fruit, for a total of $202. How many customers did she have, assuming each customer bought 1, 2 or 3 pieces of fruit?.
The fruit seller has approximately 60-70 customers who bought 1, 2 or 3
pieces of fruit.
In the shop of the fruit seller Cost of each apple- $1.35, each pear- $1.45, each orange- $ 1.60 On selling 50 units, cost of apples will be 67.50, pears will be 72.50 orange- 80.00, total will be 220 but it is 202.
On dividing the total amount by no. of fruits we get an approx no. of customers, i.e. 220 ÷ 3 = 73.3. Approximately 60 - 70 customers. 60 - 70 customers are her fruit buyers only if 3 pieces were also bought, if no one bought 3 pieces then the no. of customers will increase.
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if i receive an insurance check for my car accident and it states: pay to the order of melissa snider and fox car repairs, i can cash the check and then pay fox car repairs for the service. t/f
If the insurance cheque for my auto accident says to "pay to the order of Melissa Snider and Fox Car Repairs," I can cash it and then pay Fox Car Repairs for the repair. False
A way to control your risk is through insurance. When you obtain insurance, you safeguard yourself against unforeseen financial losses. If something unfavourable occurs to you, the insurance company pays you or a person of your choice. If an accident occurs and you don't have insurance, you can be liable for all expenses. Insurance acts as a safety net for your finances, assisting you and your loved ones in recovering in the event of an emergency. Repair is to make whole again by putting something that is damaged or broken back together. repair a shoe means to rejuvenate or return to a sound or healthy state. Restore his strength: to make up for; atone; atone for. The act of repairing something or the state of having something mended. A fixed brake system on an automobile serves as an illustration of a repair. to revive, restore, or renew. one's health to be restored.
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accountant is required to comply with the provisions of statements on standards for accounting and review services for the preparation of financial statements when providing these services i. drafting financial statement notes ii. maintaining depreciation schedules
Accounting standards ensure that financial statements from more than one group are similar.
Because all entities follow the same policies, accounting standards make the monetary statements credible and allow for more monetary decisions primarily based on correct and regular facts.
Financial statements want to mirror certain fundamental functions: fair presentation, going problem, accrual foundation, materiality and aggregation, and no offsetting.
Economic statements should be organized at least yearly, need to include comparative facts from the preceding duration, and ought to be consistent.
Directors put together economic statements; audit committees display the integrity of financial records. five. Auditors audit the financial statements and carry out different approaches on different components of the yearly file. 6.
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when making a decision, irrelevant items are included in the analysis of both alternatives when using blank . multiple choice question. the total cost approach only the differential cost approach only both the differential and total cost approaches neither the differential nor total cost approach
The making a decision, irrelevant items are included in the analysis of both alternatives when using total cost approach. The total cost approach only the differential cost approach only both the differential.
Breaking down a complicated subject or thing into simpler components to better understand it is the process of analysis. Analysis as a formal idea is a relatively new discovery, yet the technique has been used in the study of mathematics and logic since before Aristotle (384–322 B.C.).
The word is derived from the letter "v" in Ancient Greek (analysis, "a breaking-up" or "an untying;" from ana- "up, throughout" and lysis "a loosening"). The word's plural, analyses, likewise derives from it. The technique has alternately been credited to Alhazen, René Descartes (Discourse on the Method), and Galileo Galilei as a formal idea.
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in project procurement management, which of the following is an output of the executing process? question 10 options: a) source selection criteria b) make-or-buy decisions c) resource calendars d) statements of work
In project procurement management, which of the following is an output of the executing process resource calendars.
These outputs encompass procurement control plan, settlement declaration of paintings, make or purchase choices and the asked changes. A Procurement Management Plan information the procedure of coping with the purchases and acquisitions.
The key inputs to this procedure are a settlement, different procurement documents, and paintings overall performance facts. Work overall performance Information essentially has the facts approximately the development of the paintings, i.e., how a lot of paintings is finished and what is the price incurred to finish those paintings.
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