Answers
Answer:
C. Entertainment
Explanation:
When goods are produced or manufactured, they are usually sealed or placed in containers/boxes, depending on the nature or how big those goods are. Ideally, packaging serves a means of protecting goods from damage. However, packaging also help to facilitate product storage and convenience.
Furthermore, packaging a product could also serve as a means of promoting it by branding the cover either through the producer's logo or any item that will be identified with the producer. There is also the aspect of packaging that facilitate recycling and also help to reduce damage to the environment.
Learn more about:
https://brainly.com/question/20911626
Related Questions
A company’s assets consist of $254,478 of cash, $579,445 of accounts receivable, $487,009 of inventory, and $2,478,554 of plant and equipment. Its liabilities consist of $332,887 of accounts payable, $139,877 of accruals, and $1,275,000 of long-term debt. The company’s annual sales are $4,765,889, it paid $165,750 of interest, its earnings before taxes are $453,816, and its net income is $272,289. In its industry, the average profit margin is 6.83%, the average total asset turnover is 1.25, and the average equity multiplier is 1.85. Using DuPont analysis, determine if the company’s return on equity is above or below the industry average and what factor causes the difference?
Answers
Answer:
The company's Return on Equity is 18.49% therefore is above the industry average of 15.79%
Explanation:
DU PONT ANALYSIS
ROE = PROFIT MARGIN X ASSET TURNOVER X EQUITY MULTIPLIER
Industry average ROE
0.0683 x 1.25 x 1.85 = 0,15794375 = 15.79%
Company Dupont:
Profit margin:
income 272,289
sales 4,765,889
profit margin: 0,05713288
Assets Turnover:
Sales 4,765,889
Total assets:
Cash 254,478
A/R 487,009
PEE 2,478,554
total 3,220,041
Turnover: 1.48
Equity Multiplier:
Assets 3,220,041
Liabilities:
A/P 332,887
Accrued 139,877
long-term 1,275,000
total 1,747,764
Equity: 3,220,041 - 1,747,764 = 1,472,277
Equity multiplier: 3,220,041 / 1,472,277 = 2.187116
Company's Dupont Calculation:
ROE = PROFIT MARGIN X ASSET TURNOVER X EQUITY MULTIPLIER
0,05713288 x 1.48 x 2.187116 = 0,184935229 = 18.49%
BQUESTION NO.1 Two social issues of Pakistan are listed below. You can choose any one of these issues for analysis and recommendations as per the details that follow. Write short, to-the-point answers. No copy-pasting is allowed. If you use any material from any source, give citation. (10 marks). SOCIAL ISSUES 1. Drug abuse 2. Climate change a. Write a short statement defining the issue clearly, that is, what it is, how it is a social issue, and why it is an important issue. (2 mark) 50 words b. List its 5 major causes and describe each cause such that its logical causal relation with the chosen social issue appears quite clear. Make sure that you list causes of the chosen issue, not the effects. (2 mark) 100 words c. Select any three causes and list them separately. For each cause, recommend institution wise solutions (solutions at the level of 2-3 institution for each cause), making sure that your solutions are practical, and you have described the logical steps of their implementation. List each cause as a separate heading and under each cause put the names of social institutions as sub-headings. (6 marks) 200 words usiness
Answers
Answer:
Climate Change
Please mark Brainliest
Explanation:
(a) Climate has always been an important issue for the world, the emission of toxic gasses effects the ozone layer which causes climate change, if the situation is continued the climate change can become severe and unbearable.
(b) - Emission of toxic gases from industries
- Cutting of forests
- Polluting water by disposing waste in water
- High carbon Emission by cars, buses
- Not planting trees
(c)
- High carbon Emission by cars, buses
The cars should semi annually be checked for its carbon emission and only healthy cars and buses should be allowed to be operated.
The cars should be annually checked for carbon emission and the higher the rate of carbon emission the more tax percentage to be paid by the owner of the car/bus, this will encourage the owners to maintain their cars.
(This tax law is practiced by UK)
- Polluting water by disposing waste in water
The waste by Industries should not be disposed in water, instead there should be such machinery which can convert the waste into something usable say for example the machine converts the waste into plastic bricks which can be used to make houses for poor people.
First City Bank pays 6 percent simple interest on its savings account balances, whereas Second City Bank pays 6 percent interest compounded annually. If you made a deposit of $15,000 in each bank, how much more money would you earn from your Second City Bank account at the end of 8 years? (
Answers
Answer:
Difference= $1,707.72
Explanation:
Giving the following information:
First City Bank pays 6 percent simple interest on its savings account balances
Second City Bank pays 6 percent interest compounded annually.
Investment= $15,000
n= 8
To calculate the future value of investing in First City, we need to use the following formula:
FV= PV*(1+i*n)
FV= 15,000*(1+0.06*8)
FV= $22,200
To calculate the future value of investing in Second City, we need to use the following formula:
FV= PV*(1+i)^n
FV= 15,000*(1.06^8)
FV= $23,907.72
The difference between banks:
Difference= 23,907.72 - 22,200= $1,707.72
SDJ, Inc., has net working capital of $3,640, current liabilities of $5,430, and inventory of $4,290. a. What is the current ratio? (Do not round intermediate calculations. Round your answer to 2 decimal places, e.g., 32.16.) b. What is the quick ratio? (Do not round intermediate calculations. Round your answer to 2 decimal places, e.g., 32.16.)
Answers
Answer and Explanation:
The computation is shown below:
a. For current ratio
Current ratio = Current assets ÷ current liabilities
Before that first determine the current assets
As we know that
Net working capital = Current asset - Current liability
$3,640 = Current asset - $5,430
So,
Current asset is
= $3,640 + $5,430
= $9,070
Now the current ratio is
= $9,070 ÷ $5,430
= 1.67 times
b. The quick ratio is
Quick ratio = (Current asset - Inventory) ÷ Current liability
= ($9,070 - $4,290)÷ $5,430
= $4,780 ÷ $5,430
= 0.88 times
What do you think of the decision made by Adelaide Ladywell?
Answers
Answer:
Incomplete question. Here's likely the complete question;
In this, the first case, Lee High, the newly hired cost accountant, computes the variable cost and the fixed cost per unit at a volume of 500 units of Great Heath per week. He uses this information to develop some guidelines for pricing. His boss, Charlton Blackheath, endorses the guidelines and adds a feature: a higher commission on sales at a higher price.
When both High and Blackheath are away, the file clerk, Adelaide Ladywell, accepts an order below the guidelines and is fired...Evaluate the decision made by Adelaide.
Explanation:
Although Adelaide Ladywell acted presumptuously (without permission), her decision was still profitable. By looking at the costs per unit presented, the product's selling price wasn't lower than the fixed costs, therefore her actions were not a totally bad one.
Winn Co. enters into a 6-year finance lease for a copy machine with an interest rate of 8% (the present value of its $1,298 annual lease payments is $6,000). Winn will record the first-period lease payment with a debit to Right-of-Use Asset in the amount of?
Answers
Answer:
1298
Explanation:
Reason: Right-of-Use Asset is debited for the present value of the annual lease payment which is $1,298
Cherokee Inc. is a merchandiser that provided the following information: Number of units sold 14,000 Selling price per unit $ 16 Variable selling expense per unit $ 2 Variable administrative expense per unit $ 2 Total fixed selling expense $ 18,000 Total fixed administrative expense $ 16,000 Beginning merchandise inventory $ 11,000 Ending merchandise inventory $ 23,000 Merchandise purchases $ 85,000 Required:
1. Prepare a traditional income statement.
2. Prepare a contribution format income statement.
Answers
Answer:
Results are below.
Explanation:
First, we need to calculate the cost of goods sold:
COGS= beginning finished inventory + cost of goods manufactured - ending finished inventory
COGS= 11,000 + 85,000 - 23,000= $73,000
Traditional format Income Statement:
Sales= 14,000*16= 224,000
COGS= (73,000)
Gross profit= 151,000
Total selling expense= (2*14,000 + 18,000)= (46,000)
Total administrative expense= (2*14,000 + 16,000)= (44,000)
net operating income= 61,000
Contribution format income statement:
Sales= 14,000*16= 224,000
Total variable cost= (73,000 + 2*14,000 + 2*14,000)= (129,000)
Contribution margin= 95,000
Total fixed selling expense= (18,000)
Total fixed administrative expense= (16,000)
Net operating income= 61,000
What is the capacity of the machine in batches unfinished batch?
Answers
Complete Question:
You are considering the purchase of a new machine to help produce a new product line being introduced. The machine is expected to have a setup time of 10 minutes per batch and a processing time of 2 minutes per part. You plan to have batch sizes of 50 parts. The plant operates 8 hours per day.
What is the capacity of the machine in batches per day?
Answer:
The capacity of the machine in batches = 4 batches per day.
Explanation:
a) Data and Calculations:
Set up time per batch = 10 minutes
Processing time per part = 2 minutes
Batch sizes = 50 parts
Plant operation = 8 hours per day
b) Capacity in batches per day:
Total batch time = 10 + 50 * 2 = 110 minutes
Total minutes of operation per day = 8 * 60 = 480 minutes
Capacity in batches = 480/110 = 4.36 or approximately 4 batches
c) Each batch produces 50 parts with each part taking some 2 minutes and an additional batch setup time of 10 minutes, giving a total of 110 minutes per batch. Since there are some 480 (8 * 60) minutes available per day, it means that the entity can only run about 4 batches (480/110) per day. These 4 batches will consume a total of 440 minutes (110 x 4), leaving some 40 minutes as unutilized time.
Imprudential, Inc., has an unfunded pension liability of $800 million that must be paid in 21 years. To assess the value of the firm's stock, financial analysts want to discount this liability back to the present. If the relevant discount rate is 5.5 percent, what is the present value of this liability
Answers
Answer:
PV= $259.89 million
Explanation:
Giving the following information:
Future Value= $800 million
Number of periods= 21 years
Relevant discount rate= 5.5 percent
To calculate the present value, we need to use the following formula:
PV= FV/(1+i)^n
PV= 800/1.055^21
PV= $259.89 million
Prepare summary journal entries to record the following transactions for a company in its first month of operations. a. Raw materials purchased on account, $102,000. b. Direct materials used in production, $42,500. Indirect materials used in production, $15,000. c. Paid cash for factory payroll, $55,000. Of this total, $37,000 is for direct labor and $18,000 is for indirect labor. d. Paid cash for other actual overhead costs, $8,375. e. Applied overhead at the rate of 125% of direct labor cost. f. Transferred cost of jobs completed to finished goods, $72,600. g1. Jobs that had a cost of $72,600 were sold. g2. Sold jobs on account for $104,000.
Answers
Answer and Explanation:
The journal entries are given below:
a. Raw materials inventory A/c Dr $102,000
To Accounts payable A/c $102,000
(To record raw material purchased on credit)
b. Work in progress inventory A/c Dr $42,500
To Raw materials inventory A/c $42,500
(To record used in production)
Factory overhead A/c Dr $15,000
To Raw materials inventory A/c $15,000
(To record indirect material used
c. Work in progress inventory A/c Dr $37,000
Factory overhead A/c Dr $18,000
To cash A/c $55,000
(To record factory payroll is paid in cash)
d. Factory overhead A/c Dr $8,375
To Cash A/c $8,375
(To record other actual overhead is paid for cash)
e. Work in progress inventory A/c Dr $46,250 ($37,000 × 125%)
To Factory overhead A/c $46,250
(To record applied overhead)
f. Finished goods inventory A/c Dr $72,600
To Work in progress inventory A/c $72,600
(To record transferred goods)
g1. Cost of goods sold A/c Dr $72,600
To Finished goods inventory A/c $72,600
(To record the job cost)
g2. Accounts receivable A/c Dr $104,000
To Sales A/c $104,000
(To record jobs are sold on account)
Assume that you are a new analyst hired to evaluate the capital budgeting projects of the company which is considering investing in two CPEC projects, “Expansion Zone North” and “Expansion Zone East”. The initial cost of each project is Rs. 10,000. Company discount all projects based on WACC. Further, all the projects are equally risky projects and the company uses only debt and common equity for financing these projects. It can borrow unlimited amounts at an interest rate of rd 10% as long as it finances at its target capital structure, which calls for 50% debt and 50% common equity. The dividend for next period is $2.0, its expected that they will grow at the constant growth rate of 8%, and the company’s common stock sells for $20. The tax rate is 50%. The cash flows of both the projects are given in table below: Time Expansion Zone North Cashflows (amount in Rs.) Expansion Zone East Cashflows (amount in Rs.) 0 - 10,000 - 10,000 1 6,500 3,500 2 3,000 3,500 3 3,000 3,500 4 1,000 3,500 Carefully analyze the above table and answer the following questions in detail. I. Calculate the weighted average cost of capital for this firm? (2.5 marks) II. Compute each project’s IRR, NPV, payback, MIRR, and discounted payback. (2.5 Marks) III. Which project(s) should be accepted if they are mutually exclusive? Explain (1.5 Marks) IV. Which project(s) should be accepted if they are independent? Explain (1.5 Marks)
Answers
Answer:
Assume that you are a new analyst hired to evaluate the capital budgeting projects of the company which is considering investing in two CPEC projects, “Expansion Zone North” and “Expansion Zone East”. The initial cost of each project is Rs. 10,000. Company discount all projects based on WACC. Further, all the projects are equally risky projects and the company uses only debt and common equity for financing these projects. It can borrow unlimited amounts at an interest rate of rd 10% as long as it finances at its target capital structure, which calls for 50% debt and 50% common equity. The dividend for next period is $2.0, its expected that they will grow at the constant growth rate of 8%, and the company’s common stock sells for $20. The tax rate is 50%.
Answer:
Explanation:
Assume that you are a new analyst hired to evaluate the capital budgeting projects of the company which is considering investing in two CPEC projects, “Expansion Zone North” and “Expansion Zone East”. The initial cost of each project is Rs. 10,000. Company discount all projects based on WACC. Further, all the projects are equally risky projects and the company uses only debt and common equity for financing these projects. It can borrow unlimited amounts at an interest rate of rd 10% as long as it finances at its target capital structure, which calls for 50% debt and 50% common equity. The dividend for next period is $2.0, its expected that they will grow at the constant growth rate of 8%, and the company’s common stock sells for $20. The tax rate is 50%. The cash flows of both the projects are given in table below: Time Expansion Zone North Cashflows (amount in Rs.) Expansion Zone East Cashflows (amount in Rs.) 0 - 10,000 - 10,000 1 6,500 3,500 2 3,000 3,500 3 3,000 3,500 4 1,000 3,500 Carefully analyze the above table and answer the following questions in detail. I. Calculate the weighted average cost of capital for this firm? (2.5 marks) II. Compute each project’s IRR, NPV, payback, MIRR, and discounted payback. (2.5 Marks) III. Which project(s) should be accepted if they are mutually exclusive? Explain (1.5 Marks) IV. Which project(s) should be accepted if they are independent? Explain (1.5 Marks)
Who should a visionary creator work with?
Answers
Answer:
In simple words, Visionaries refers to the individuals who put many diverse ways of thought together. People have the potential to allow their minds to freely move, unburdened by controlled pathways of thinking. But a visionary also has the potential to pull it around and effortlessly incorporate it into the actual world.
Thus, a visionary should work with someone who too have a creative mind with practical knowledge of the processes. As someone should be their to make such visionaries realize about possible and impossible.
What is the history of cheating in heating oil companies?
Answers
Answer:
The classification of the particular topic is listed throughout the overview section below.
Explanation:
Cold-heated oil and gas company execs and motorists had already robbed schools, law enforcement stations, medical campuses, mosques, homeless shelters, fire departments, residential buildings all over the area, representatives told reporters Tuesday. The corporations have collected millions and billions of dollars from the pockets of city employees, utilizing elaborate frauds to attract short consumers, attorneys said.Gatwick Ltd. has after tax profits (net income) of $500,000 and no debt. The owners have a $6 million investment in the business. If they borrow $2 million at 10% and use it to retire stock, how will the return on their investment (equity) change if earnings before interest and taxes remains the same
Answers
Answer:
Return on equity would increase from 8.33% to 9.50%
Explanation:
The tax rate of 40% is missing from the question.
Return on equity prior to share repurchase=$500,000/$6,000,000
Return on equity prior to share repurchase=8.33%
With the issue of debt finance of $2,000,000, the after-tax interest expense is computed thus:
after-tax interest expense=$2,000,000*10%*(1-40%)=120000
adjusted net income=$500,000-$120,000=$380,000
new common stock=$6,000,000-$2,000,000=$4,000,000
adjusted return on equity=$380,000/$4,000,000=9.50%
1. What do you call the basic unit of storage for computers?
A. "A file"
B. "A folder"
C. "A subfolder"
D. "An application”
2. What is computer software designed to help a person perform useful tasks
called?
A. "A PowerPoint"
B. "A browser"
C. "An application"
1 cuiten
Answers
Answer:
I believe 1 would be A. "A file" and 2 would be C. "An application" Hoped this helped, if I'm wrong please let me know!
The basic unit of storage for computers is called as the “A file”, and the computer software designed to help a person perform useful tasks called “An application”.
What is Computer?A computer is defined as a digital electrical device that can be created mentally to execute arithmetical or logical transactions in a predetermined sequence.
Computer program are generic aggregations of dealings that modern computers can do. These programs countenance computers to conduct out a mixture of projects.
The “A file” is the untold elementary unit of computer storage, and “An application” is computer software planned to assist a individual in executing useful tasks.
Therefore, option A is correct for 1, and C is correct for C.
Learn more about the computer, refer to:
https://brainly.com/question/13805692
#SPJ2
An investor has sold 1 ABC Jan 50 Call and has bought 1 ABC Apr 60 Call. This is a:________.
a. Combination
b. horizontal spread
c. dialogue spread
d. straddle
Answers
Answer:
diagonal spread
Explanation:
Spread is basically a sale and purchase of a call. So here the the types of spreads determine the relationship between the strike price and the expiration dates of all options involved in the trade.
In this example investor has sold 1 ABC Jan 50 Call and has bought 1 ABC Apr 60 Call. This means he bought the option ABC with the longer expiration date and with a higher strike price and sold the option ABC with the near expiration date and the lower strike price. Here both the expiration and strike price are different. So this is an example of diagonal spread.
The option horizontal spread is incorrect because it is a spread that depicts the difference in expiration dates but strike price is the same. Here both the expiration and strike price are different.
The option straddle is incorrect because it is a spread in which both options have the same expiry date and same strike price. Here both the expiration and strike price are different.
The option dialogue spread is not a valid option too.
The option Combination is also suitable because this is an example of Combination and combinations include option spread trades such as vertical spreads, horizontal spreads, and diagonal spreads.
So the most suitable option is diagonal spread which is an example of Combination.
Economic profit can be derived from calculating total revenues minus all of the firm's costs
Answers
Answer:
Economic profit can be derived from calculating total revenues minus all of the firm's costs, Economic profit can be derived from calculating total revenues minus all of the firm's costs, including its opportunity costs. are two stark realities any business firm must recognize.
What would be a government controlled sector of the economy.
Answers
Significant accounting policies may not be ______.
A. Disclosed at all.
B. Omitted from financial disclosure.
C. Selected on random basis.
D. Changed from time to time
Answers
Answer:
D
Explanation:
They may not be changed from time to time as they are critical to financing policies
A. Considerations for research
a. What cultures to study?
i. Examining a theoretical variable
ii. Examining degrees of universality
b. Meaningful cross-cultural comparisons
i. Developing knowledge about cultures
ii. Different versus similar cultures
iii. Methodological issues
Answers
Explanation:
A.
a). i. Examining a theoretical variable
A culture may be defined as the information that is acquired from the other members of any species through the social learning. It is the particular information or it is the group of the individuals who exists in the shared context. Choosing what cultures to study is based on the theoretical consideration or the theoretical variable and examining the degrees of the variability.
b). ii. Different versus similar cultures
Cross cultural comparisons is a study which examines whether the measure of the psychological construct that was previously generated in the single culture is also applicable meaningfully and thus equivalent in the another culture.
The primary purpose of the World Bank is to maintain an orderly system of world trade and exchange rates.
True
False
Answers
Answer:
The world bank maintains the orderly system of the world's trade. That is true
Explanation:
Check the above photos
Record the following process costing transactions in the general journal
a. Purchase of raw materials on account, $9,000
b. Requisition of direct materials to Assembly Department, $4,200 Finishing Department, $2,400
c. ncurrence and payment of direct labor, $10,800. (Assume all c labor is for the Assembly Department.)
d. Incurrence of manufacturing overhead costs: Property taxes ant, $1,700 Utilities-plant, $4,800 Insurance plant, $1,100 Depreciation plant, $3,900
e. Assignment of conversion costs to the Assembly Department: Direct labor, $4,700 Manufacturing overhead, $2,100
f. Assignment of conversion costs to the Finishing Department: Direct labor, $4,400 Manufacturing overhead, $6,300
g. Cost of goods completed and transferred out of the Assembly department to the finished goods depatment 10300
h. Cost of goods completed and transferred out of the finished goods depatment tp finished goods inventory 15100
Answers
Answer:
a.Dr Raw Materials Inventory 9,000
Accounts Payable 9,000
b. Dr Work in Process Inventory-Assembly 4,200
Cr Raw Materials Inventory 4,200
Dr Work in Process Inventory-Finishing2,400
Cr Raw Materials Inventory 2,400
c.Dr Work in Process Inventory-Assembly10,800
Cr Cash10,800
d.Dr Manufacturing Overhead 11,200
Cr Property Taxes Payable-Plant 1,700
Cr Utilities Payable 4,800
Cr Prepaid Insurance-Plant 1,100
Cr Accumulated Depreciation-Plant 3,600
e.Dr Work in Process Inventory-Assembly 6,800
Cr Wages Payable 4,700
Cr Manufacturing Overhead 2,100
f.Work in Process Inventory-Finishing 10,700
Cr Wages Payable 4,400
Cr Manufacturing Overhead 6,300
g.Dr Work in Process Inventory-Finishing 10,300
Cr Work in Process Inventory-Assembly10,300
h.Dr Finished Goods Inventory15,100
Cr Work in Process Inventory-Finishing15,100
Explanation:
To Record process costing transactions in the general journal
a. Based on the information given we were told that the Purchase of raw materials of the amount of $9,000 was made which means that the transaction will be recorded as:
Dr Raw Materials Inventory 9,000
Accounts Payable 9,000
b. Based on the information given we were told that the Requisition of direct materials to Assembly Department was the amount of $4,200 while the Finishing Department amount was $2,400 which means that the transaction will be recorded as:
Dr Work in Process Inventory-Assembly 4,200
Cr Raw Materials Inventory 4,200
Dr Work in Process Inventory-Finishing 2,400
Cr Raw Materials Inventory2,400
c. Based on the information given we were told that payment of direct labor was the amount of $10,800 which means that the Journal entry will be:
Dr Work in Process Inventory-Assembly 10,800
Cr Cash10,800
d. Journal entry to record the incurrence of manufacturing overhead costs
Dr Manufacturing Overhead 11,200
(1,700+4,800+1,100+3,600)
Cr Property Taxes Payable-Plant 1,700
Cr Utilities Payable 4,800
Cr Prepaid Insurance-Plant 1,100
Cr Accumulated Depreciation-Plant 3,600
e. Based on the information given we were told that the conversion costs to the Assembly Department include both Direct labor of the amount of $4,700 and Manufacturing overhead of the amount of $2,100 which means that the Journal entry will be:
Dr Work in Process Inventory-Assembly 6,800
(4,700+2,100)
Cr Wages Payable 4,700
Cr Manufacturing Overhead 2,100
f. Based on the information given we were told that conversion costs to the Finishing Department were: Direct labor, $4,400 Manufacturing overhead, $6,300, which means that the transaction will be recorded as:
Work in Process Inventory-Finishing10,700
(6,300+4,400)
Cr Wages Payable4,400
Cr Manufacturing Overhead6,300
g. Based on the information given we were told that the Cost of goods that was completed and transferred out of the Assembly department to the finished goods depatment was the amount of 10,300 which means that the transaction will be recorded as:
Dr Work in Process Inventory-Finishing 10,300
Cr Work in Process Inventory-Assembly10,300
h. Based on the information given we were told that the Cost of goods that was completed and transferred out of the finished goods depatment to finished goods inventory was the amount of 15,100 which means that the Journal entry will be:
Dr Finished Goods Inventory 15,100
Cr Work in Process Inventory-Finishing15,100
Question 3(Multiple Choice Worth 5 points)
(02.04 HC)
Bill wants to attend a college with a current tuition of $10,000 a year. He will graduate from high school in five years. Roughly how much will Bill need to save for
one-year's tuition to account for an annual rate of inflation of 3%?
O $11.590.00
O $11,255.00
O $10,000.00
O $13,000.00
Answers
Answer:
Money need for one-year's tuition (A) = $11,590 (Approx)
Explanation:
Given:
Initial value (P) = $10,000
Annual rate of inflation (r) = 3% = 0.03
Time taken = 5 years
Find:
Money need for one-year's tuition (A)
Computation:
[tex]A=p[1+r]^n\\\\A=10,000[1+0.03]^5\\\\A = 11,592.7407[/tex]
Money need for one-year's tuition (A) = $11,590 (Approx)
You are 20 years old and have completed your BBA and want to pursue further education but you don’t want to make money from your father. Your plan is to start working and earn enough money so that you can finance your degree on your own and get yourself enrolled in five years’ time. You estimate that the annual cost of doing an MBA 5 years from today will be PKR 400,000 and the program will be two years long. You will need the money at the beginning of your program so that you are not worried about how to clear your dues during your studies. Luckily you go for a job interview and they hire you and you start working at a salary of PKR 25,000. So you decide that 50% you will deposit in a saving account at a 10% rate with monthly compounding for your further studies and the remaining amount you will use for your daily expenses. 1. Will you be able to meet your goal at this current saving rate? 2. What percentage of your salary should you save if you want to have exactly your university expenses amount? 3. How would your answer to part 1 change if the saving account rate changed to 5%? Comment on your answer. 4. If you are given an option to invest at the 10% saving rate with monthly compounding or 10.5% semiannual compounding, which would you chose? Explain your answer.
Answers
Answer:
1. Yes, you will be able to meet your goal at this current saving rate since the Future value of the monthly savings after 5 years of PKR 967,963.40 is greater than Total MBA cost for 2 years of PKR 800,000.
2. Percentage of monthly salary to save = 41%.
3. You will still be able to meet your goal at the saving rate of 5% since the Future value of the monthly savings after 5 years of PKR 850,076.04 is greater than Total MBA cost for 2 years of PKR 800,000. Although, the Future value of the monthly savings after 5 years of PKR 967,963.40 at 10% is higher than the Future value of the monthly savings after 5 years of PKR 850,076.04 at 5% saving rate.
4. I would choose the saving rate of 10% monthly compounding. The reason is that the Future value of the monthly savings after 5 years at 10% semiannual compounding saving rate of PKR 967,963.40 is greater than the Future value of the semiannual savings after 5 years at 10.5% saving rate semiannual compounding of PKR 954,422.88 by an amount of PKR 13,540.52 (i.e. PKR 967,963.40 - PKR 954,422.88 = PKR 13,540.52).
Explanation:
Monthly salary = PKR 25,000
Monthly savings = PKR 25,000 * 50% = PKR 12,500
Annual MBA cost = PKR 400,000
Total MBA cost for 2 years = PKR 400,000 * 2 = PKR 800,000
1. Will you be able to meet your goal at this current saving rate?
To determine this, the formula for calculating the Future Value (FV) of an Ordinary Annuity is used as follows:
FV = M * {[(1 + r)^n - 1] / r} ................................. (1)
Where,
FV = Future value of the monthly savings after 5 years =?
M = Monthly savings = PKR 12,500
r = Monthly interest rate = 10% / 12 = 0.10 /12 = 0.00833333333333333
n = number of months the savings will be made = 5 year * 12 months = 60
Substituting the values into equation (1), we have:
FV = 12,500 * (((1 + 0.00833333333333333)^60 - 1) / 0.00833333333333333)
FV = 12,500 * 77.4370721734302
FV = PKR 967,963.40
Yes, you will be able to meet your goal at this current saving rate since the Future value of the monthly savings after 5 years of PKR 967,963.40 is greater than Total MBA cost for 2 years of PKR 800,000.
2. What percentage of your salary should you save if you want to have exactly your university expenses amount?
To determine this, we still make use of equation (1) in part (1) above by changing Future value of the monthly savings after 5 years (FV) to PKR 800,000 while other values remains the same and solve for Monthly savings (M) after substituting the values into equation (1) follows:
800,000 = M * (((1 + 0.00833333333333333)^60 - 1) / 0.00833333333333333)
800,000 = M * 77.4370721734302
M = 800,000 / 77.4370721734302
M = PKR 10,330.97
Percentage of salary to save = M / Monthly salary = PKR 10,330.97 / PKR 25,000 = 0.41323876409392, or 41%
3. How would your answer to part 1 change if the saving account rate changed to 5%? Comment on your answer.
We use equation (1) is part 1, retain all the other values except r which is obtained as follows:
r = Monthly interest rate = 5% / 12 = 0.05 / 12 = 0.00416666666666667
Substituting the values into equation (1), we have:
FV = 12,500 * (((1 + 0.00416666666666667)^60 - 1) / 0.00416666666666667)
FV = 12,500 * 68.0060828408433
FV = PKR 850,076.04
You will still be able to meet your goal at the saving rate of 5% since the Future value of the monthly savings after 5 years of PKR 850,076.04 is greater than Total MBA cost for 2 years of PKR 800,000. Although, the Future value of the monthly savings after 5 years of PKR 967,963.40 at 10% is higher than the Future value of the monthly savings after 5 years of PKR 850,076.04 at 5% saving rate.
4. If you are given an option to invest at the 10% saving rate with monthly compounding or 10.5% semiannual compounding, which would you chose? Explain your answer.
From part 1 above, the Future value of the monthly savings after 5 years at 10% saving rate monthly compounding is PKR 967,963.40.
To obtain the Future value of the monthly savings after 5 years at 10.5% semiannual compounding saving rate, we use equation (1) with changes in definitions to semiannual where:
FV = Future value of the semiannual savings after 5 years =?
M = Semiannual total savings = Monthly saving * 6 months = PKR 12,500 * 6 = PKR 75,000
r = Semiannual interest rate = 10.5% / 2 = 0.105 / 2 = 0.0525
n = number of semiannual the savings will be made = 5 year * 2 semiannuals = 10 semiannuals
Substituting the values into equation (1), we have:
FV = 75,000 * (((1 + 0.0525)^10 - 1) / 0.0525)
FV = 75,000 * 12.7256383972991
FV = PKR 954,422.88
Therefore, I would choose the saving rate of 10% monthly compounding.
The reason is that the Future value of the monthly savings after 5 years at 10% semiannual compounding saving rate of PKR 967,963.40 is greater than the Future value of the semiannual savings after 5 years at 10.5% saving rate semiannual compounding of PKR 954,422.88 by an amount of PKR 13,540.52 (i.e. PKR 967,963.40 - PKR 954,422.88 = PKR 13,540.52).
At the beginning of the current year, Snell Co. total assets were $254,000 and its total liabilities were $177,200. During the year, the company reported total revenues of $99,000, total expenses of $79,000 and dividends of $8,000. There were no other changes in equity during the year and total assets at the end of the year were $266,000. The company's debt ratio at the end of the current year is:
Answers
Answer:
66.62%
Explanation:
The debt ratio is the total liabilities divided by total assets. At the end of the year, total assets stood at $266,000, the increase in retained earnings which is the excess of revenue over expenses and dividends payment does not affect liabilities, as a result, liabilities stayed the same at $177,200.
Debt ratio=total liabilities/total assets
debt ratio=$177,200/$266,000
debt ratio=66.62%
You are negotiating a new labor contract with union officials. The contract covers a plant that has experienced operating losses over the past several years. You want to negotiate concessions from labor to reduce the losses. However, labor is refusing any compromises. You could tell them that, without concessions, the plant will be closed, although that is not true. Is bluffing ethical? Under what circumstances? What would Kant and Mill say? What would be the result under the Front Page test?
Answers
Answer:
Is bluffing ethical? Under what circumstances?
Bluffing is basically lying, and lying is wrong. But on some circumstances, specially when you are carrying out a game strategy (and want to win), then bluffing might not be so bad.
Personally, I believe that bluffing is not unethical when you are negotiating with unions. I have nothing against unions, but their duty is to get the highest possible salary and benefits for their members. On the other hand, the company must balance the interests of its employees, the community and its shareholders. Union delegates always make very high initial demands, the company offers a very low increase or raise, and then after negotiating you get to a middle point. So bluffing could be just a strategy in order to negotiate some concessions, e.g. no pay raise until the company starts making a profit again.
What would Kant and Mill say?
Kant believed that the morality of someone's actions should be judged based on their duty. Since it is your duty to try to get some labor concessions, then bluffing is not unethical.
Mill believed that the morality of someone's actions should be judged based on the results, or how much good or happiness results from them. In this case, I suppose that more people would be unhappy than happy if you actually get some labor concessions, so bluffing would be unethical.
What would be the result under the Front Page test?
The front page test basically wants you to look at the events from the point of view of a third party that is not involved in the actions. If you could read this on the front page of a newspaper and it happened to someone else, would it be ethical or unethical? Since I believe that bluffing is a valid game strategy, then if I read this on a newspaper I would be OK with it.
Employees in the Agriculture, Food, and Natural Resources career cluster work
A. mostly inside in an office.
B. outside sometimes.
C. on construction sites.
D. on a sales floor.
Answers
Answer:
B. Outside sometimes
Explanation:
Employees in the Agriculture, Food and Natural Resources career cluster work outside sometimes. Thus, option B is correct.
Who are Employees?When employees are the ones who are being hired to do a specific job or a task. These are the ones who play a major role in a particular field in which they have expertise. They are the one who is employed by an employer. For the work that an employee does he or she is getting paid for that.
The employee who works in agriculture food or the natural resource sector usually is the ones who have to work outside. These are the ones who have to work in any weather or season.
They are the ones who work on the ground level. These are the other people who make natural resources and agricultural crops need to be taken care of outside. Therefore, option B is the correct option.
Learn more about Employees, here:
https://brainly.com/question/18633637
#SPJ2
Wacky Entertainment Inc. is in the middle a copyright lawsuit. Next month, the company anticipates winning $500,000 in the settlement. How should Wacky Entertainment record the $500,000 this month?
a. As a gain on the income statement
b. As a liability on the income statement
c. As revenue on the income statement
d. As a footnote of the financial statements
e. It should not be reported
Answers
Answer: d. As a footnote of the financial statements
Explanation:
The settlement that the company expects is contingent in nature and should only be recognised in the statements if it is probable that it will happen.
The company anticipates that it will win this therefore making it probable that it will do so. The amount is also quantifiable as well. However, going by the Accrual principle in Accounting, revenue is only recorded when earned.
The Gain Contingent will have to be recorded as a footnote until it is realized then it can be recorded.
The concept of an "artificial being: refers to which form of business organization?
a) partnership
b) sole proprietorship
c) corporation
d) limited partnership
Answers
Answer:
Artificial Being refers to corporation form of business
Explanation:
From the list of given options, the option that answers the question is Corporation.
This is so because when group of people (called owners) form a corporation, they form a body and this body as a whole is given the legal status which is given to the owners.
In other words, the body which actually does not exist physically can act and take decisions on behalf of the owners in taking responsibilities.
So because of the inexistence, the corporation is referred to as an artificial being.
Hence, option c answers the question.
Which of the following is an advantage of relying on internal recruitment sources?
A) They are likely to promote diversity.
B) Using internal recruitment helps ensure employees all think alike.
C) They are generally cheaper and faster than looking outside the organization.
D) For entry-level positions,there will always be many recruits from which to select.
E) All of the choices are advantages of relying on internal recruitment sources.
Answers
Answer:
C) They are generally cheaper and faster than looking outside the organization.
Explanation:
Internal recruitment can be defined as a process used by human resources managers to fill vacant positions existing within an organization from an existing workforce or labor force.
An advantage of relying on internal recruitment sources is that they are generally cheaper and faster than looking outside the organization.
Additionally, an internal recruitment process is more advantageous than the external recruitment process because it generally provides a pool of applicants who are well-known or familiar to the organization, as well as improving loyalty among employees.