Bernie has decided to purchase a new car with a list price of $18,575. Sales tax in Bernie's state is 7.40%, and he will
be responsible for a $795 vehicle registration fee and a $110 documentation fee. Bernie plans to trade in his existing
car, a 1999 Buick Riviera in good condition, and finance the rest of the cost for five years at an interest rate of 12.77%,
compounded monthly. Assuming that the dealer gives Bernie the listed trade-in price for his car, what will his monthly
payment be? Round all dollar values to the nearest cent.
Buick Cars in Good Condition
Model/Year
1998
1999
2000
2001
2002
Century
$929
$1,086
$1,150
$1,488
$1.595
LeSabre
$2,075
$2,282
$2,690
$2.935
$3,374
Regal
$1,676
$1,794
$2,030
$2.214
$2,566
Riviera
$1,291
$1.455
$1,520
$1.814
$1,959
a. $472.05
b. $439.12
C.
$438.20
d.
$518.23

Answers

Answer 1

Assuming the car dealer gives Bernie the listed trade-in price for his car, his monthly payment will be C. $438.20.

What is the monthly payment?

The monthly payment represents the periodic amount that a borrower pays to offset the compounded interest and the principal.

The monthly payment can be determined using an online finance calculator that inputs the present value of the loan and other parameters.

The list price of the new car = $18,575

The value of Buick Riviera =     ($1,455)

Trade value of new car =          $17,120

Sales tax                                       1,267 ($17,120 x 7.4%)

Vehicle registration fee =              795

Documentation fee =                      110

Car loan                                  $19,292

Interest rate = 12.77%

Financing period = 5 years

N (# of periods) = 60 (5 years x 12)

I/Y (Interest per year) = 12.77%

PV (Present Value) = $19,292

FV (Future Value) = $0

Results:

Monthly Payments (PMT) = $438.20

Sum of all periodic payments = $26,292

Total Interest = $7,000

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Related Questions

with no cooperation, the most likely outcome is that gizelle will charge and devin will charge . $7; $6 $7; $8 $9; $8 $9; $6

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With no cooperation, the most likely outcome is that Gizelle will charge $7 and Devin will charge $6.

Coopetition refers to the act of cooperation between competing companies achieved by forming a strategic alliance aimed at assisting both companies. Coopetition includes a mixture of cooperation with prices, suppliers, customers, and firms producing complementary or related products. Competitive pricing refers to the process of strategically selecting price points for goods or services based on competitor pricing in the market or niche, rather than basing prices solely on business costs or target profit margins.  With no cooperation, the businesses may charge any price, however, will try to charge a competitive price.

In the given scenario, the likely prices charged by both shops will be such that their total profit is closer together. Charing prices which result in too high profit amount for one shop will imply that the other business is undercharging, hence not charging competitive pricing. Hence, the likely charges based on the information in the table would be that Gizelle will charge $7 and Devin will charge $6.

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suppose that the central bank of a given country is not independent, and the elected government has complete control over monetary policy. in the accompanying diagram, assume that the economy starts off at the macroeconomic equilibrium. a. an election is coming up and the majority political party wants to increase its chances of retaining majority control of congress. policy makers decide the best way to ensure reelection is to force the central bank to enact expansionary monetary policy. in the accompanying graph, shift the curve(s) to depict the impact this will have on the macroeconomy.

Answers

Monetary and fiscal policy make comprise a nation's macroeconomic strategy.

What effect will this have on the macroeconomic environment?

With the aid of these two strategies, a nation can manage practically all of its infrastructure growth, development, and financial sector improvement.

The nation's expansionary monetary policy lowers market interest rates while expanding the money supply. It reduces interest rates and increases the money supply.

What is microeconomic planning?

The plan consists of three parts: investing on sound economic principles. boosting access to services in four input sectors and increasing their effectiveness. expanding the potential for employment, growth, and equity in a few selected key areas.

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the target selection step of internet vulnerability assessment involves using the external monitoring intelligence to configure a test engine (such as nessus) for the tests to be performed.

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The following statement "the target selection step of internet vulnerability assessment involves using the external monitoring intelligence to configure a test engine (such as Nessus) for the tests to be performed" is false.

The penetration test engine is released at the appointed time, using the prepared target list and test selection, and scanning is one of the steps in internet vulnerability assessment.

The process of defining, assessing, measuring, detecting, classifying, and prioritizing vulnerabilities in network resources used to access the internet can be referred to as "internet vulnerability assessment." The main goal of an online vulnerability assessment is to offer essential information or data about the dangers being posed to a person or organization through the use of a scanning system or application, such as a network security scanner.

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broker a secured a signed exclusive right to sell listing agreement with the seller. during the time broker a was acting as an agent for the seller, the seller revealed that he and his wife were getting a divorce and would like to set different times to sign all of the documents at the title company. a buyer purchased the property and successfully closed on the property six weeks later. which of the following fiduciary duties survive the closing?

Answers

The fiduciary duties, including the duty of confidentiality, continue after the close.

What exactly does "fiduciary obligation" entail?

Someone must conduct in a manner that is profitable for them when they owe another individual a fiduciary commitment. The primary or beneficiary of a fiduciary duty is the party to whom it is owed, and the fiduciary is the party to whom it is owed.

Does keeping things private fall under the fiduciary duty?

The duty to exert care, maintain confidentiality, commitment, obedience, and accounting are examples of fiduciary obligations. Association leaders are required to prevent, disclose, and overcome any conflicts of interests before voting or participating in any other conversations affecting an association topic.

A fiduciary is obligated to uphold the principal's confidence and maintain their connection as confidential. Despite not being mentioned explicitly, it is assumed that a fiduciary can be relied upon and trusted because of the fiduciary's obligation to maintain secrecy.

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the per barrel royalty is the wti price for any particular day, less the sum of (i) chargeable costs multiplied by the cost adjustment factor and(ii) production taxes. the cost adjustment factor is a ratio that references the consumer price index.

Answers

The price of West Texas intermediate crude oil of standard grade with a specific gravity is what is referred to as the "WTI Price" for any trading day. it will also be the simple average of the daily mean prices.

What factors go into setting the WTI price?

The world market determines the price of oil. Oil is handled on a global scale and is easily transported by ship, pipeline, or barge from one market to another. As a result, the global price of crude oil is determined by the supply/demand balance.

Why are the prices of Brent and WTI different?

The fact that WTI is produced in landlocked regions and must now be transported to the coast, where the majority of refineries are situated, is another factor because of American growth.

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TRUE/FALSE. ransportation management systems require extensive investments in hardware and software for companies to realize their benefits.

Answers

False, transportation management systems require extensive investments in hardware and software for companies to realize their benefits.

What does transport management system?

A transportation management system (TMS) is a platform for logistics that makes use of technology to assist businesses in the planning, carrying out, and optimizing of the physical movement of goods, both incoming and outgoing, as well as in ensuring that the shipment is compliant and that the necessary documentation is available. Such a system frequently forms a component of a broader supply chain management (SCM) system. ATMS, sometimes referred to as a transportation management system or transportation management software, offers insight into daily transportation operations, documentation and information regarding trade compliance, and assurances regarding the prompt delivery of freight and goods. In addition to streamlining the shipping process, transportation management systems help firms manage and optimize all aspects of their transportation operations, whether they involve land, air, or sea transportation.

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Lower nominal interest rates the amount of money demanded and a lower price level the amount of money demanded.

Answers

Because interest rates are low, households don't sacrifice much income in pursuit of income. If interest rates rise, the amount demanded will decrease.

What are low interest rates and their benefits?

High interest rates make it expensive to borrow money. Before agreeing to a loan, it's important to make sure you fully understand how the interest rate affects the total amount you owe.

Lower interest rates could allow consumers to spend more money, creating a domino effect of more spending across the economy. Businesses and farmers also benefit from low interest rates, as low borrowing costs encourage large-scale equipment purchases.

What to do in times of low interest rates?

Refinance your home loan. Buy a house. Choose a fixed rate mortgage.  Buy your second home now. Refinance student loans. Refinance car loan. Consolidate your debt. Pay off or move high interest credit card balances.

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The following selected transactions were completed by Interlocking Devices Co., a supplier of zippers for clothing:
2017 Dec. 7 Received from Unitarian Clothing & Bags Co., on account, a $34,500, 60-day, 12% note dated December 7.
31 Recorded an adjusting entry for accrued interest on the note of December 7.
31 Recorded the closing entry for interest revenue.
2018 Feb. 5 Received payment of note and interest from Unitarian Clothing & Bags Co.
Journalize the entries to record the transactions. If no entry is required, simply skip to the next transaction. Refer to the Chart of Accounts for exact wording of account titles. Assume a 360-day year.

Answers

The journal entries for the given transactions are given below.

Date   Particulars                                                         Debit       Credit

Dec. 7 Notes receivable        Dr                                    90,000

Accounts receivable-Unitarian Clothing and Bags Co. Cr             90,000

Dec. 31 Interest receivable            Dr                                   600

Interest revenue                       Cr                                                       600

Dec. 31 Interest revenue     Dr                                               600

Retained earnings             Cr                                                                     600

Feb. 5 Cash       Dr                                                         91,500

Notes receivable       Cr                                                                    90000                                            

Interest receivable       Cr                                                                         600

Interest revenue       Cr                                                                         900

Calculations for Interest receivable and interest revenue has to be done.

Interest receivable is 10% and dated December 7, the interest of 24 days has to be calculated.

Interest receivable= 90,000*10%*24/360

Interest receivable=$600

Interest revenue=90,000*10%*36/360

Interest revenue=9000*36/360

Interest revenue=$900

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Mart retains large amounts of customer data. To understand customer purchase behavior, the company uses a process that automatically discovers correlations in the collected data. Through this process, the company learns that people who buy brend, typically also buy a packet of butter. As a result, the manager of the supermarket places butter near the shelf that stocks bread. In this scenario, KST Mart has most likely used to process information a. bar coding b. data integration radio frequency tagging d. data mining C QUESTION 6 Unlike holding cost, stockout cost: a is incurred when a company runs out of a product Ob, includes inventory taxes and the cost of obsolescence. Oc does not include the transaction costs of overtime work and shipping. d. is also known as carrying cost.

Answers

KST Mart has most likely used data mining to process information. Unlike holding cost, stockout cost is incurred when a company runs out of a product.

Large data sets are sorted by using a technique called data mining to find patterns and correlations that may be used to analyze data and find answers to business challenges. Businesses can foresee future trends and make better-educated business decisions thanks to data mining techniques and technologies.

Exploring ever-larger databases and improving market segmentation are two uses for data mining. In order to create tailored loyalty programmes, it is feasible to predict client behavior by examining the correlations between factors like age, gender, and taste.

Hence the correct option is D and A

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when we evaluate the performance of a fund manager, the historical average return would be invalid as a performance measure because

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When we evaluate the performance of a fund manager, the historical average return would be invalid as a performance measure because it does not adjust for risk.

Who is fund manager?

The accountability for maintaining precise accounting records for investment money rests with the fund managers. Additionally, you can be in charge of overseeing trading operations and putting investment plans into action.

In order to acquire and sell securities that suit the fund's strategy as described in the prospectus, fund managers first do research to identify the best stocks, bonds, or other securities. Larger funds generally include a support team of analysts and traders who carry out some of these tasks for the fund management.

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If a lump-sum income tax of $50 billion is levied and the MPS is 0.4, the consumption schedule will shift Multiple Choice downward by $30 billion. upward by $30 billion. downward by $50 billion. downward by $20 billion.

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The consumption schedule will change lower by $30 billion if a lump-sum income tax of $50 billion is imposed and the MPS is 0.4.

A person's marginal propensity to consume (MPC) is the portion of any change in their disposable income that they would actually use to buy things. The amount of income that is not spent is saved, and his marginal propensity to save is measured as a percentage change in that amount of income (MPS).

MPS + MPC = 1

Here, MPS = 0.4

And hence, MPC = 1 - MPS = 1 - 0.4 = 0.6

According to the query, if an income tax is implemented, the disposable income will decrease due to the multiplier effect and the individual will be able to consume less.

The consumption would fall by $30 billion ($50 billion * MPC) or $600 million ($50 billion * 0.6).

As a result, the consumption plan will be $30 billion lower.

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on july 1, 2019, the city of corfu received a gift of debt securities of xyz company with a nominal (par) value of $1,500,000. income is to be used to make awards for civic achievements. as of the date of the gift, the securities had a market value of $1,563,000. included in this amount is accrued interest of $18,750. the bonds carried an annual interest rate of 5%, payable semiannually on april 1 and october 1. during the fiscal year ended june 30, 2020, the following transactions took place:

Answers

The bonds carried an annual interest rate of 5%, payable semiannually on april 1 and october 1. during the fiscal year ended june 30, 2020, the following transactions took place: $1,714,475

Statement of Changes in Fiduciary Net Assets

Particulars                                           Amount     Amount

Contributions: Trading XYZ bonds $1,563,000  

Interest Income:                                $75,000  

Sale of XYZ bonds                        -$1,563,000  

Net Investment Earnings:                                    $75,000

Contributions: Trading ABC bonds $1,558,000  

Interest Income:                                 $19,475  

Contributions: Awards                    $60,000  

Unrealized Gain on Trading ABC bond.$2,000  

Net Investment Earnings:                                   $1,639,475

Net Assets-End of Year                                          $1,714,475

Bonds are issued by governments and businesses after they want to raise cash. by means of buying a bond, you are giving the company a loan, and they comply with pay you back the face cost of the mortgage on a particular date, and to pay you periodic interest payments alongside the manner, normally two times a yr.

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True or false: The European Union is way ahead of the United States on use of Data Analytics in a tax audit, both by the regulator and the company hoping not to be audited.

Answers

The European Union is way ahead of the United States on the use of Data Analytics in a tax audit, both by the regulator and the company hoping not to be audited. This statement is true.

The European Union (EU) is a political and economic grouping of 27 countries committed to shared democratic values. The euro is the shared official currency of 19 EU members known collectively as the eurozone. In recent years, the EU has expanded to include many of the countries that had been Soviet Socialist States before the collapse of the Soviet Union. The EU traces its roots to the European Coal and Steel Community, which was founded in 1950 and had just six members.

The EU established a common market to promote the free movement of goods, services, people, and capital across its internal borders.

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if the price level recently increased by 20% in england while falling by 5% in the united states, by how much must the exchange rate change if ppp holds? assume that the current exchange rate is 0.55 pound per dollar. mishkin, frederic s. economics of money, banking and financial markets, the (what's new in economics) (p. 426). pearson education. kindle edition.

Answers

If ppp holds and prices recently rose 20% in England while declining 5% in the United States, the exchange rate would change to £.0.6875 per USD.

Purchasing power parities are referred to as PPP. In reality, it refers to the rate of currency conversion.

According to the facts provided, prices recently rose by 20% in England while declining by 5% in the United States; therefore, the net rise in the value of the U.S. dollar would be (20+5)=25%.

This can be interpreted as meaning that the same amount of American goods will now cost 20% more pounds.

The new exchange rate would be as follows:

1.25 * £1 = £.0.6875 per USD

If ppp holds and prices recently rose 20% in England while declining 5% in the United States, the exchange rate would change to £.0.6875 per USD.

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explain the challenge of entrepreneurial education​

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Answer:

Explanation: The challenge of entrepreneurial education is the fact that it involves teaching students the skills and knowledge necessary to start and run their own businesses. This includes teaching them about business strategy, marketing, financial management, and other practical skills. It also involves helping students develop the mindset and attitude necessary for success as an entrepreneur.

One major challenge is that entrepreneurial education often requires a hands-on, experiential approach, as it is difficult to learn these skills and attitudes simply through lectures and textbook readings. This can be difficult to implement in a traditional educational setting, as it requires resources and time that may not be available.

Another challenge is that entrepreneurship is a constantly evolving field, with new technologies, markets, and strategies emerging all the time. This means that the content of entrepreneurial education must be constantly updated and revised to stay relevant. This can be a time-consuming and resource-intensive process.

Finally, there is often a lack of agreement on the specific goals and outcomes of entrepreneurial education, which can make it difficult to design and measure the effectiveness of these programs. This lack of consensus can also make it difficult to secure funding and support for entrepreneurial education initiatives.

Brain stimulation can make animals like montgomery montgomery's snake violently aggressive, a neuroscientist should electrically stimulate the snake's? A) reticular formation
B) cerebellum
C) medulla
D) amygdala

Answers

A neuroscientist should electrically stimulate the snake's A) reticular formation.

Neuroscientists focus at the brain and its effect on behavior and cognitive functions. now not best is neuroscience involved with the everyday functioning of the apprehensive machine, however also what occurs to the apprehensive gadget while humans have neurological, psychiatric and neurodevelopmental issues. Neuroscientists are basic scientists who may additionally or won't have a diploma in medicine. maximum of them, but, are doctorates in neuroscience. Neurologists then again have an undergraduate diploma with four years at medical school and a yr of internship.

certainly all scientific issues in neuroscience require mathematical analysis, and all neuroscientists are increasingly more required to have a considerable knowledge of mathematical techniques.

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which of the following supreme court ruling is discussed in the constitution usa episode, its a free country

Answers

The U.S. Constitution episode discussed Supreme Court rulings for the right of the Westboro Baptist Church to demonstrate at the funerals of American soldiers killed in combat.

What is the overview of U.S. Constitution episode ?

The Constitution is all around us. It affects each of us every day. It is said to be the most important document in everyday life, but most people cannot remember what it actually says, or even explain the difference between the Constitution and the Declaration of Independence.

What are the key concepts of U.S. Constitution episode ?

Key Concepts of Episode include: 1) Basic Rights: A set of rights granted by the Supreme Court requiring a high degree of protection from government interference. 2) Ratification: Constitutional amendments that may be initiated by the legislature or by a special constitutional assembly convened by the state. 3) Individual Rights: a legitimate right of an individual protected by law to act or be treated in a particular way

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Which of the following tasks should a shoe manufacturing company perform first if it needs to assess the global market opportunity?
A) assess the suitability of the company's shoes for foreign markets
B) analyze the firm's readiness to internationalize
C) choose foreign business partners
D) screen countries to identify foreign markets

Answers

The following tasks should a shoe manufacturing company perform first if it needs to assess the global market opportunity is analyze the firm's readiness to internationalize.

The readiness of a organization is a idea that identifies while a organization is prepared to internationalize. The internationalization readiness as “a organization's preparedness and propensity to start export sports overseas”Business Readiness is a time period designed to explain the system of controlling any enterprise change, via way of means of making sure personnel and control groups are capable of successfully and appropriately flow from one thoughts set or surroundings to another.” Capita.

Assessing the organization's product's marketplace call for must be carried out earlier than studying its readiness to internationalize. Screening nations to become aware of appealing goal markets is step one in the direction of internationalization.

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QS 3-8 (static) accumulated depreciation calculations adjustments LO P1

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Prior to being subtracted from the related assets on the assets side of the balance sheet, the amount of depreciation will first be shown as an expense on the debit side of the profit and loss account.

What is the journal entry for accumulated depreciation?

A journal entry for accumulated depreciation is one made at the end of the year to add the current year's depreciation expense to the account already in existence for accumulated depreciation.

A journal entry used to reflect depreciation expense is called an adjusting entry. It is made at the end of a period to reflect the expense on the income statement and the decline in the fixed asset's value on the balance sheet. Depreciation expense is typically debited and accumulated depreciation is credited in this entry.

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Pam took $8000 and invested it in a GIC that pays 4.8% compounded interest compounded quarterly. How much interest will she earn in 3 years?

Answers

To find the interest that Pam will earn in 3 years, we need to first calculate the total amount that she will have after 3 years by applying the interest. Since the interest is compounded quarterly and Pam is investing for 3 years, we can calculate the total amount that she will have after 3 years using the formula for the future value of an investment:

FV = P * (1 + i)^n

where FV is the future value, P is the initial investment, i is the interest rate per period, and n is the number of periods.

In this case, we know that P = $8,000, i = 4.8% / 4 = 1.2%, and n = 3 * 4 = 12, since the interest is compounded quarterly and Pam is investing for 3 years. Substituting these values into the formula above, we get:

FV = P * (1 + i)^n

FV = $8,000 * (1 + 0.012)^12

Calculating this value gives us FV = $8,976.73, which is the total amount that Pam will have after 3 years, including interest.

To find the amount of interest that Pam will earn in 3 years, we can subtract the initial investment from the total amount to get:

Interest = FV - P

Interest = $8,976.73 - $8,000

Interest = $976.73

Therefore, Pam will earn $976.73 in interest over 3 years.

to create a demand estimate, managers often try to determine quantity will be sold a particular price is selected.

Answers

To create a demand estimate, managers often try to determine what quantity will be sold if a particular price is selected.

Two common cost-based pricing methods are cost-plus pricing and markup pricing. Need-based pricing is based on product demand.

Pricing is a term used in business and finance, the act of determining the value of a product or service. In other words, pricing occurs when a business decides how much a customer should pay for a product or service.

Unit cost is the result of dividing the variable and fixed costs of the production process by the number of units produced. In most cases, the price is set by the marketing department. This is because the price of a product affects how potential customers view a product or service. Therefore, marketing often takes the lead in setting, or at least strongly suggesting, the prices for products and services.

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Delta Motorworks markets its cars based on the age, gender, and income of its customers. Which of the following types of market segmentation is evident here? answer choices
Geographic segmentation
Benefit segmentation
Occasion segmentation
Demographic segmentation

Answers

Among following types of market segmentation given here which is more evident here is Demographic market segmentation. Option D is correct.

What is market segmentation?

Market segmentation is a marketing tactic that divides the total addressable market share of a brand into more manageable categories using well established criteria. Each group, or segment, has shared traits that allow the brand to provide specialized and niche goods, deals, and experiences.

A precise method of identifying an audience is known as demographic segmentation. It is based on information such as age, gender, marital status, family size, income, education, race, occupation, nationality, and/or religion.

Thus this is the one of the four primary categories of marketing segmentation.

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Dollar bills, rare paintings, and emerald necklaces are all:
a. media of exchange
b. units of account
c. stores of value
d. All of the above are correct.

Answers

Dollar bills, rare paintings, and emerald necklaces are all Stores of value that is option C is correct.

Stores of value are referred to as the commodities that are precious and have a monetary value that can be used in future when currency is not in use. These stores of value act as asset that in normal conditions can be purchased and act as purchasing entity. People often buy these stores of value in the hope that they can be sold in future and can be used in times of need.

These stores of value act as investment for people. Some of examples of Stores of value are Rare paintings, rare artefacts, gold items, precious stones, etc. These stores of value become of very high importance as time passes by.

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if there are exactly two sellers of gasoline in mauston and if they collude, then which of the following outcomes is most likely? a. each seller will sell 125 gallons and charge a price of $2.5. b. each seller will sell 250 gallons and charge a price of $5. c. each seller will sell 175 gallons and charge a price of $3. d. each seller will sell 125 gallons and charge a price of $5.

Answers

In the event that there are exactly two gasoline seller in Houston and they conspire, each vendor will sell 125 gallons of gasoline for $2.5.

The phrase "seller" describes a person who provides a good, service, or asset in exchange for money. An individual, business, governmental seller body, or any other type of organization can be a vendor. A party that offers an asset they own or hold for sale to another party is known as a seller in the financial markets. A seller is also known as a writer in options markets. The writer sells the option for a premium and is the contract's counterparty. The two main components of any transaction or exchange—sellers and buyers—are compared.

Owners or producers of goods or services that can be bought by a customer are known as sellers. Individuals or companies may be among them. Selling can be done in a variety of ways, including in-person at a physical site like a shop or online. A virtual market place online is another option.

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Marbry Corporation has provided the following information concerning a capital budgeting project:
after-tax discount rate 9% tax rate 30% expected life of the project 4 investment required in equipment $ 168,000 salvage value of equipment $ 0 annual sales $ 480,000 annual cash operating expenses $ 352,000 one-time renovation expense in year 3 $ 64,000

Answers

Sales Revenue = $480,000

Less: Cash Operating Expenses = $352,000

Less: One Time Renovation Expense = $64,000

Less: Depreciation = 168,000/4

Less: Depreciation = $42,000

Taxable Income = $22,000

Tax at 30% = 22,000 x 30%

Tax at 30% = $6,600

Hence, option d) is correct.

Your tax burden for a specific tax year is calculated using the portion of your gross income known as "taxable income."

Adjusted gross income (AGI) less allowed standard or itemized deductions can be used to broadly describe it. Taxable income includes investment income, other unearned income sources, as well as wages, salaries, bonuses, and gratuities.

Both earned and unearned income is included in taxable income. Canceled debts, government benefits (such as unemployment benefits and disability payments), strike benefits, and lottery winnings are all considered unearned income and are subject to taxation.

Earnings from appreciated assets that were sold during the year, as well as dividend and interest income, are also included in the definition of taxable income.

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The complete question is:

Marbry Corporation has provided the following information concerning a capital budgeting project:

after-tax discount rate 9% tax rate 30% expected life of the project 4 investment required in equipment $ 168,000 salvage value of equipment $ 0 annual sales $ 480,000 annual cash operating expenses $ 352,000 one-time renovation expense in year 3 $ 64,000

The company uses straight-line depreciation on all equipment. Assume cash flows occur at the end of the year except for the initial investments. The company takes income taxes into account in its capital budgeting.

The income tax expense in year 3 is:

a) $9,900

b) $1,650

c) $4,950

d) $6,600

All overseas supplier factories that pay low wages are engaging in a highly unethical social practice. Because supply chains have become heavily globalized, government regulation efforts are now more concentrated and increasingly effective.
True
False

Answers

The statement is False. All overseas supplier factories that pay low wages are engaging in a highly unethical social practice. Because supply chains have become heavily globalized, government regulation efforts are now more concentrated and increasingly effective.

In easy terms, globalization is the process by means by which people and goods pass without difficulty across borders. basically, it is a financial concept – the combination of markets, exchange, and investments with few barriers to sluggish the drift of services and products between countries.

International society is an individual country that interacts with different nations on an international scale but as an independent entity. Globalization is the mixing of worldwide cultures, economies, and politics. There are several worldwide groups that focus on worldwide health.

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treasury stock transactions ebenezer consulting had no treasury stock at the beginning of the year. during january, ebenezer purchased 8,600 shares of treasury stock at $21 per share. in april, ebenezer sold 4,100 of the treasury shares for $25 per share. in august, ebenezer sold the remaining treasury shares for $20 per share. required: prepare journal entries for the january, april, and august treasury stock transactions

Answers

The journal entries for the January, April, and August treasury stock transactions is

Date       Account                                                   Debit                       Credit

Jan       Treasury Stock                                         16800      

            Cash (8000*21)                                                                         16800

Apr       Cash (4100*25)                                         102500

             Treasury Stock (4100*21)                                                        86100

             Paid in Capital from Treasury Stock                                      16400

Aug       Cash (8000-4100)*20                             78000

             Paid in capital from Treasury Stock       3900

             Treasury stock ((8000-4100)*21                                             81900

As we know that;

Previously outstanding stock that has been purchased back from stockholders by the issuing business is referred to as treasury stock, also known as treasury shares or reacquired stock. As a result, fewer shares are available for purchase on the open market.

Now the journal entries for the January, April, and August treasury stock transactions is

Date     Account                                                    Debit                       Credit

Jan       Treasury Stock                                         16800      

            Cash (8000*21)                                                                         16800

Apr       Cash (4100*25)                                         102500

             Treasury Stock (4100*21)                                                        86100

             Paid in Capital from Treasury Stock                                      16400

Aug       Cash (8000-4100)*20                             78000

             Paid in capital from Treasury Stock       3900

             Treasury stock ((8000-4100)*21                                             81900

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general hospital is performing peer reviews of its medical providers for quality outcomes of care. the hospital has over 500 providers on its medical staff. the process to review even 10 cases for each provider is quite extensive. the quality department has concluded that, to accomplish this review process, it will review 20 percent of each provider's inpatient admissions to the hospital on an every-other-year rotation. in this situation, the quality department has applied which of the following techniques to its review process?

Answers

The quality department has concluded that, to accomplish this review process, In this situation, the quality department has applied, the sampling techniques to its review process.

The sampling technique is the process of identification of the specific process by which the entities of the sample have been selected. It is also defined by the selecting group that actually collect data in your research.

Through the sampling technique is easier to identify the performing peer reviews of its medical providers for quality outcomes of care.

The hospital has over 500 providers on its medical staff. The process to review even 10 cases for each provider is quite extensive.

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the market capitalization rate for admiral motors company is 8%. its expected roe is 14% and its expected eps is $7. the firm's plowback ratio is 40%.
a. Calculate the growth rate. (Input your answer as a nearest whole percent.)
Growth rate %
b. what will be its P/E ratio? (Do not round intermediate calculations.)
P/E ratio

Answers

The firm's plowback ratio is 40% are:

Growth rate=ROE*Plowback ratio

= (0.14*0.4) =5.6%

dividend payout ratio=1-Plowback ratio

= (1-0.4) =60%

Hence expected dividend=(60%*EPS)

= (0.6*7) =$4.2

Current price=D1/(Market Capitalization-Growth rate)

=4.2/(0.08-0.056) =$175

PE=Market price/EPS

= (175/7)

=25

The plowback ratio is calculated via way of means of subtracting the quotient of the once a year dividends consistent with percentage and income consistent with percentage (EPS) from 1. On the alternative hand, it may be calculated via way of means of figuring out the leftover budget upon calculating the dividend payout ratio.

The Plowback Ratio is the proportion of a company's income retained and reinvested into operations in place of being paid out as dividends to shareholders. The retention ratio refers to the proportion of internet earnings this is retained to develop the business, as opposed to being paid out as dividends. It is the alternative of the payout ratio, which measures the proportion of income paid out to shareholders as dividends. The retention ratio is likewise referred to as the plowback ratio.

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Under accrual accounting, expenses are recognized following the ____________________, which requires that expenses be recorded and reported in the same period as the revenue that it helped to generate. Expenses for an accounting period should include only those costs used to earn revenue that was recognized in the accounting period. Expenses for an accounting period should exclude those costs used to earn revenue in an earlier period and those costs that will be used to earn revenue in a later period. Thus, the key to expense recognition is matching the expense with revenue.

Answers

Under accrual accounting, expenses are recognized following the matching principle.

How does accrual accounting account for expenses?

According to accrual accounting, a business records revenue in the period in which it is earned and expenses in the period in which they are incurred. This occurs frequently prior to receiving or disbursing money, or occasionally after.

Which one of the following is a "reaccrued expense"?

The most frequent incurred expenses that businesses owe are salaries, rent, and interest. On the other side, accounts payable represent money owing to creditors, such as suppliers for products and services that were financed. Occurrence: Accrued expenses, such rent and loan interest payments, frequently occur.

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