Bogar's beverage company had focused only on alcoholic beverages for the last two decades. Now, as part of a(n) related diversification strategy, the company is considering entering the soft drink market.
When a company wants to develop, they use the diversification method. In order to boost revenues, it is a practice to add a new product to your supply chain. These goods may represent a new subset of the market that your organization already serves, a strategy known as business-level diversification.
The matrix is divided into four sections: market expansion, product diversification, market penetration, and market expansion. The diversification strategy, according to Ansoff, is completely different from the other matrix systems. Companies utilize diversification as a risk-reduction technique to expand into new markets and industries and boost profitability.
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kelty company’s year-end financial statements reported the following (in millions): total assets $41,278 total liabilities 29,465 total shareholders’ equity 11,813 dividends 205 net income (loss) 3,160 retained earnings, jan 1 11,425 what did kelty company report for retained earnings at december 31? select one: a. $14,768 million b. there is not enough information to determine the answer. c. $14,585 million d. $14,380 million e. $14,790 million
If kelty company’s year-end financial statements reported the following (in millions): total assets $ 41,278 total liabilities 29,465 total shareholders’ equity 11,813 dividends . The amount that kelty company report for retained earnings at december 31 is: d. $14,380 million.
Retained earningsUsing this formula to find the retained earnings
Retained earnings at December 31= Beginning retained earnings + Net income - Dividends
Let plug in the formula
Retained earnings at December 31 =$11,425 + $3160 - $205
Retained earnings at December 31 = $14,380 million
Therefore the correct option is D.
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division of labor increases productivity because select one: a. managers can force workers to produce goods that are valued more highly than the costs of producing them. b. each worker must learn each of the numerous tasks in the total production process
The division of labour is the specialization of cooperative labour in specific, circumscribed tasks and roles. This specialization allows for greater efficiency and output.
What is labour?
Understanding the operation and dynamics of a markets for wage labour is the goal of labour economics. Labor is a resource that is provided by workers, typically in return for a wage that is paid by greedy businesses. Labor economics must take into account social, cultural, and political factors because these workers are components of a social, institutional, or political system. Employers and employees interact to drive the operation of job markets or job markets. In order to understand the pattern of wages, employment, and income that results, labour economics examines the providers of labour services (workers) as well as the demanders of labour services (employers). These patterns can be found because it is assumed that every person in the market will act rationally based on the information they have access to regarding wages, the desire to provide labour, and the desire for leisure.
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How did 3M's David Windorski get ideas from college students to help him in designing the final commercial version of the Post-it® Flag Highlighter? were these ideas important to the success of the product
David Windorski organized focus groups to elicit ideas from college students. He then made sample Post-it® Flag Highlighter models to distribute in exchange for a feedback survey after a month of use.
Who is 3M's David Windorski?3M researcher David Windorski collaborated with a group of local university students to find new uses for Post-it® Flags in their studies. Windorski's lab ideas were reinforced by student suggestions. Students suggested that combining Post-it® Flags with colored felt-tip highlighters could be used as bookmarks on key pages in their textbooks that they highlighted.
Windorski and the team experimented with various prototypes, such as Post-it® Flags on top, sides, and so on. He knew the basic concept was sound, but the designs were not. Windorski then had a breakthrough idea: put small Post-it® Flags inside pens and highlighters that students use.
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mark loses his job as a road construction worker and cannot find another position with equivalent pay and benefits. as a result, he is still checking the want ads and reporting to the unemployment office on a weekly basis. he is considered to be:
As Mark cannot find another position with equivalent pay and benefits, he is considered to be B. underemployed.
Underemployed can be described as a terminology that is used when a person is getting paid less for a job or he is not working because his skills are not being effectively utilized in a job.
Underemployment is a major issue for job hunters with the growing demand for jobs. People are forced to take jobs that do not pay enough because they think that something is better than nothing.
In the case above, Mark will be considered underemployed as he is not receiving equivalent pay and benefits to his previous job.
Although a part of your question is missing, you might be referring to this question:
Mark loses his job as a road construction worker and cannot find another position with equivalent pay and benefits. as a result, he is still checking the want ads and reporting to the unemployment office on a weekly basis. he is considered to be:
A. laid off.
B. underemployed.
C. out of the labor force.
D. unemployed.
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When the marketing concept is used to make all business decisions, how many functions does marketing serve?.
There are Seven functions marketing serve.
The 7 functions of marketing are promotion, selling, product/service management, marketing information management, pricing, financing and distribution.
What are seven functions of marketing serve ?Promotion, selling, product/service management, marketing information management, pricing, financing, and distribution are the seven functions of marketing.
Promotion : Advertising and public relations are two examples of promotional strategies that frequently overlap with other business units and awareness-building activities.Selling : By consistently delivering overt sales pitches in your content and making it appear as if your only goal is to get people to buy something from you, you risk alienating your target audience.Service Management : Designing a new product that better meets customer needs and fills a market gap does not happen by accident or chance.Marketing Information Management : Data drives strategic marketing. Every good marketer understands that the more information you can gather about your target customer, competitors in your industry, and market trends, the more successful your marketing efforts will be.Pricing : Marketing research can also help brands determine how much to charge for a product.Financing : Financing is a constant source of concern for business owners and executives who must make difficult budgeting decisions year after year and quarter after quarter.Distribution : When a new product, promotion, or campaign is introduced, marketing managers and their supply chain counterparts must work together to ensure that all of the company's distribution ducks are in a row.To learn more about marketing refer :
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the u.s. computes that $3 trillion of gdp was produced in the second quarter of 2014. what, if any, adjustments will it make to this number when it reports gdp for the second quarter?
If any GDP adjustment is made to this number when it reports GDP for the second quarter, it will adjust for seasonality and multiple by four.
GDP (gross domestic product) is the market value of all goods and services produced by an economy during a period of financial year. It considers all the goods and services produced within the national territory of nation.
It serves as a thorough scorecard of the economic situation in a specific nation since it is a broad predictor of total domestic manufacturing. And although GDP is commonly calculated on a yearly basis, it may also be calculated quarterly or semiannually. The private consumption and community consumption, public spending, investments, tends to increase in private inventory levels, compensated infrastructure costs, and the international trade balance are all considered in the computation of a nation's gross Domestic product. (Imported goods are subtracted from the value while exports are incorporated.)
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h is employed by a company that provides group life insurance. how much of the employer-paid premiums for h's $150,000 coverage, if any, is going to be reported as taxable income to h?
The premium paid for $100,000 if h's insurance coverage was $150,000
Employer-paid premiums in relation to group life insurance do not constitute taxable income to the employees unless the death benefit paid for by the employer is more than $50,000. All of the employee-paid premiums for amounts greater than $50,000 are considered and reported as taxable income to the employee.
Therefore, the amount that is going to be reported as taxable income of the employer-paid premiums for h's $150,000 coverage can be calculated by subtraction as follows;
$150,000 - $50,000 = $100,000
Hence $100,000 would be reported as taxable income if h's insurance coverage was $150,000.
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software supplier inc. sells to a customer a perpetual software license and post-contract customer support for a 12-month period, commencing at the time that the software is activated. software supplier inc. charges $300 upfront when the software is purchased and $20 a month for 12 months, due at the end of the month. software supplier inc. sells the software separately for $400 while the standalone selling price of the post-contract customer support is $200.
The transaction price allocatted is computed by the standalone price which is $200, the journal entry will be Software Supplier Inc. A/c Debit $300 to customer's account $300 Monthly Pay: Cash Account Debit $20 to customer account $20
The foundation for calculating revenue is the transaction price. The cost specified in the contract isn't always the case. It is the anticipation of what the company will get. It implies that a company must project the transaction price.
The next step in accordance with ASC 606 is to proportionally apportion the transaction price inside a contract based on the Standalone selling price values established for specific Performance commitments.
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Complete Question: Software Supplier Inc. sells to a customer a perpetual software license and post-contract customer support for a 12-month period, commencing at the time that the software is activated. Software Supplier Inc. charges $300 upfront when the software is purchased and $20 a month for 12 months, due at the end of the month. Software Supplier Inc. sells the software separately for $400 while the standalone selling price of the post-contract customer support is $200.
a. How should the transaction price be allocated among the performance obligation(s)? Round to the nearest dollar.
b. Prepare Software Supplier’s journal entry to record sale of software to the customer and the entry for the first monthly payment
jules sylvester had always loved reptiles. when he was asked by a movie producer if he could locate some anaconda snakes for a movie, a business was born. sylvester is the proud owner and operator of reptile rentals. the california-based business, which he started with no financial help from anyone, is often called on to provide
The California-based business, which he started with no financial help from anyone, is often called on to provide "creepy, crawly" moments in the movies. Jules Sylvester is an example of a: sole proprietorship.
What is a sole proprietorship?This is the term that is sued to refer to a business owner that is known to be the only only one that is in charge of the business. He is the full owner of the business and he is the one that has to take the profits and the loss of the business enterprise that he has established for the sake of making money in the economy.
In this case, we have seen the way that the business has been explained as well as the ownership of the business. It is said to be the property of Sylvester. He is the one that is in charge of making all of the decisions that would concern the business.
Hence we would conclude by saying that Sylvester is running a sole proprietorship.
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Jules Sylvester had always loved reptiles. When he was asked by a movie producer if he could locate some anaconda snakes for a movie, a business was born. Sylvester is the proud owner and operator of Reptile Rentals. The California-based business, which he started with no financial help from anyone, is often called on to provide "creepy, crawly" moments in the movies. Jules Sylvester is an example of a:
A.
Sole partnership
B.
Sole proprietorship
C.
S corporation
D.
Limited partnership
E.
General proprietorship
ken was a very mature looking 17 year old whom everyone always mistook for being much older. pursuing his interest in computers, ken enrolled in compu school, a business and vocational school which taught computer training. on his application and to all school administrators, ken maintained that he was 20 years old which was a very believable lie given his mature appearance. after just two months of training, and before his 18th birthday, ken dropped out of compu school and disaffirmed his contract for enrollment with the school. in response, compu school sued ken for unpaid tuition.
A legal action will be taken against Ken or his guardians for unpaid tuition fees, being under 18 years (minors) of age Ken cannot be sued.
A minor is subject to civil litigation. You can sue the kid in their own right if they have been "emancipated." If the youngster is not freed, you can file a lawsuit on their behalf. A court may order a legal representative if they don't have one.
In most cases emancipation is not considered and minor's parents are held responsible. Every state establishes a "age of majority," which is typically 18. Until they are emancipated, those under this age are considered minors and must be looked after by a parent or guardian.
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Minimum wage in America should increase. Do you agree with this statement? Why or why not?
The possibility that poor sales were due to rejection of the health claims by the european union indicates that this product failure was primarily due to _______.
The likelihood that the European Union's denial of the health claims contributed to the product's low sales suggests that business analysis played a major role in this failure.
Business analysis: What is it?
Business analysis is the process of identifying a company's poor sales, completing tasks to ascertain those needs using specialized approaches, and then advocating adjustments and offering solutions that add value for the stakeholders or health claims. Software systems development is a common component of solutions, but they can also involve process improvements, organizational change, strategic planning, and policy creation. Product failure, Planning and management of requirements are steps in the business analysis process, Elicitation of Requirements, Analysis and documentation of requirements
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purely competitive industry x has constant costs and its product is an inferior good. the industry is currently in long-run equilibrium. the economy now goes into a recession and average incomes decline. the result will be
The result will be an increase in output and in the price of the product.
Lower revenues result from higher pricing and vice versa. As a result, the quantity needed to answer the question is appropriate because the recession will lead income to decline. As a result, the demand curve steepens, the supply yield rises, and the price rises.
Price and quantity are impacted by current changes in supply and demand. The exchange price rises but the quantity declines if the supply curve steepens, reducing the supply while maintaining a steady demand.
An industry that has perfect market structure, where all producers and consumers have complete and symmetric information and no transaction costs, is said to be perfectly competitive. It is distinguished by a large number of knowledgeable buyers and sellers. Theoretically, all markets must be in equilibrium for there to be long-run equilibrium.
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derik inc., a calendar year, accrual basis corporation, accrued $278,000 vacation pay expense and a corresponding liability at the end of 2020. derik paid $22,000 of the accrued liability to employees who took vacation between january 1 and march 15, 2021. how much of the accrued vacation pay expense is deductible in 2020?
Due to the fact that the $22,000 in vacation pay expenditures were paid between January 1 and March 15, they are deductible. As a result, $22,000 will be deducted in the 2010 federal tax return.
What is permitted as a deduction from your pay in BC?Only in cases when it is required by law or when the employee has given written consent may an employer remove money from an employee's paycheck.
Federal income tax is one example of a legally required deduction.Costs of Federal Employment Insurance (EI)Investments in the Canada Pension Plan (CPP)wage garnishment mandated by a court.Can my employer withhold money from my paycheck?Rules for withholding money from your paycheck
If a deduction from your pay or wages is not required or permitted by law, such as for National Insurance, income tax, or student loan repayments, your employer is not permitted to make it. You formally approve a deduction. They can, according to your job contract.
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If the government taxed the production of pizzas, what would happen to the supply of Pizza
Price and quantity supplied are directly correlated, as stated by the law of supply. In other words, as the price rises, so does the quantity supplied. An upward-sloping line from left to right represents this.
What is the supply law?Two fundamental economic theories are combined in the law of supply and demand to explain how changes in the price of a resource, good, or service affect its supply and demand. Supply grows as the price rises, while demand declines. On the other hand, as the price drops, supply becomes limited and demand rises.
On a graph, levels of supply and demand for various prices can be represented as curves. These curves intersect at the equilibrium, or market-clearing price, where supply and demand are equal. The market's process of price discovery is represented by this intersection.
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An organizational ______ is someone whose accomplishments embody the values of the organization and whose accomplishments are put forth to motivate other employees to do the right thing.
A person who embodies the organization's principles and whose successes are used to inspire other workers to act honorably is known as an organizational hero.
An organization is a group of individuals engaged in the pursuit of specific goals. All formal human ties make up its social structure, which can be understood. Workload allocation among employees and task alignment with regard to the organization's main objective are both aspects of the organizational hero.
The process of organization is goal-oriented and works toward accomplishing those goals through careful planning and activity coordination. It is based on the idea of task division and establishes a hierarchy of authority and responsibility among the organization's members.
Formal organizational structure is the arrangement of roles and responsibilities that includes predetermined interactions and relationships. In order to achieve the company's goals, management formed it.
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carpet baggers inc. is proposing to construct a new bagging plant in a country in europe. the two prime candidates are germany and switzerland. the forecasted cash flows from the proposed plants are as follows:
Both of the projects that are proposed by Carpet Inc. are worthwhile as they have same IRR of 13.88%
How to illustrate the information?The internal rate of return (IRR) for both cash flows must then be computed in order to determine if a factory should be built in Europe. Cash flows for both proposed projects must first be converted to cash flows in USD using the exchange rate for each corresponding year)/.
Using the 10% needed return as a benchmark, the IRR for the German facility is 13.87% and the IRR for the Swiss plant is 13.88%, meaning that both projects are acceptable. The Swiss project ought to be picked if just one project is to be chosen because it has a little higher IRR than the German project.
The complete question and the calculation are attached.
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What most accurately describes the difference between diminishing returns and diseconomies of scale?.
However, the two concepts are significantly different, as the law of diminishing returns refers to a decrease in production output as a result of an increase in only one input, while diseconomies of scale refer to an increase in cost per unit as a result of an increase in output.
In economics, diminishing returns is the decrease in marginal (incremental) output of a production method as the amount of a single component of production is incrementally multiplied, preserving all different elements of production equal (ceteris paribus). The law of diminishing returns (additionally referred to as the law of diminishing marginal productivity) states that inefficient tactics, increasing a component of production by one unit, whilst preserving all other production elements regularly, will some unspecified time in the future return a decreased unit of output in line with an incremental unit of entering. The law of diminishing returns no longer motivates a lower in standard production capabilities, as a substitute it defines a point on a production curve wherein producing a further unit of output will bring about a loss and is called negative returns.
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suppose warren buffet withdraws $1 million from his checking account at chase bank. if the required reserve ratio is 20 percent, what is the maximum change in deposits in the banking system?
$5 million is the maximum change in deposits in the banking system.
Demand deposit growth is limited by the equation ADD = AER/r, which also provides the maximum growth rate. Demand deposit growth (ADD), excess reserves (AER) in the banking system, and required reserve ratio (RRR) are all related terms.
We have to find the deposit maximum change in the banking system which results from withdrawal. The formula to find this is given below,
Change in deposits to be checkable = change in reserves in excess×[tex]\frac{1}{r}[/tex]
r is the reserve requirement or reserve ratio and is given by 20%,
20%= [tex]\frac{20}{100}[/tex]
=0.2
Change in reserves in excess is the withdrawal amount given as $ 1 million.
Therefore, the change in deposits can be calculated as,
1 million×[tex]\frac{1}{0.2}[/tex]
=1×5
=5
Therefore, in the particular banking system, the maximum change in deposits can be $5 million.
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eleven years ago, a guitar cost $1,800. today, that same guitar costs $3,650. what has been the inflation rate on this instrument? a) 6.64 percent b) 6.32 percent c) 6.57 percent d) 6.81 percent e) 6.49 percent
Eleven years ago, a guitar cost $1,800. today, that same guitar costs $3,650. what has been the inflation rate on this instrument is 6.64 percent.
The CPIH items annual inflation rate multiplied to 13.2% in September 2022, from 13.0% in August, following a 0.7% boom withinside the month. Between August and September 2022, CPIH offerings rose through 0.2%, which supposed that the once-a-year inflation fee rose to 5.3% in September 2022, from 5.1% in August the inflation fee yrs. over yrs. is 8.202% (in comparison to 8.263% for the preceding month). Inflation from August 2022 to September 2022 become 0.215%.
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recognition of impairment for long-term assets is required if book value exceeds: group of answer choices original cost. fair value. future cash flows. accumulated depreciation. none of these.
Recognition of impairment for long-term assets is recorded if the book value exceeds future cash flows. Thus, the correct answer option is (c) future cash flows.
Long-term assets include things like different types of equipment, buildings, and intangible assets. These assets are termed as impaired when their fair value becomes less than their carrying value.
To check long-term assets for impairment, cash flow, the total profit, or other benefits expected to be produced by the assets are compared with their current book value. If it is found that the book value of the asset exceeds the future cash flow or benefit of the assets, an impairment is recorded.
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The ____ phase in the business cycle is a period when the level of business activity rises and gdp grows.
The expansion phase in the business cycle is a period when the level of business activity rises and GDP grows.
The business cycle refers to the flow of business and the highs and lows that are experienced by a particular business sector. A business cycle has four stages- expansion, peak, contraction, and trough.
The expansion stage is the first stage, where the business is slowly growing, developing, and expanding. This level gives a rise in business, and an increase in income, which leads to a rise in the GDP.
Then comes a peak stage where the business is at its highest point. Then comes contraction, where the expansion ends, and the business comes down a little. This is a period when the income decreases. The trough is the next stage, where the contraction period decreases, and the business slowly goes on again to the expansion phase.
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the detergent company would like to sell the product in grocery and supermarket stores. they want their product to be at eye-level for customers to easily see. which of the 4 p's would this best describe? question 1 options: promotion place product price
The laundry detergent company wants to market its product in grocery and supermarket stores. They want their merchandise to be visible to customers at eye level. This is the placement that best fits their product.
What is company?
A company is a legal entity created by a group of people to conduct and manage a business enterprise, whether it be commercial or industrial. Depending on the corporate law of its jurisdiction, a company may be set up in a variety of ways for tax and financial liability reasons. The type of business structure a company chooses, such as a partnership, sole proprietorship, or corporation, will typically depend on the industry it operates in. The ownership structure of the business is also indicated by these structures. Additionally, they can tell private from public companies. Both have different ownership arrangements, laws, and rules regarding financial reporting. A company, also referred to as corporate personhood, is essentially an artificial person in that it exists independently of the people who own, direct, and support its business.
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the main idea of billy beane avoiding to steal bases is because he dislikes making outs on the base paths. the management team believed that the biggest risk to not stealing bases was the missed opportunities that could result, such as on balls in play and consequently more runs.
Billy Beane despised "making outs on the base paths," which was his main justification for not wanting to steal bases.
Management concluded that the missed opportunities to steal bases and eventually score more runs posed the greatest danger. He used a straightforward strategy to steal the bases. From a, risk standpoint math clearly demonstrated how the risks of trying to commit a theft outweighed their advantages.
Overall, Billy Beane and the management staff wanted to win by limiting and eliminating the danger of failing to complete a steal and avoiding making outs on the base paths. Billy mentioned that as they were trying to manipulate the game, albeit math's worked and the risk exceeded its reward.
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the client in a listing agreement would be the: select one: a. salesperson taking the listing b. seller of the listed property c. listing broker d. buyer
The client in a listing agreement would be the b. seller of the listed property.
We can describe a listing contract as a kind of contract in which the owner of the property holds a real estate broker as the acting agent of the owner. As a result of the listing agreement, the broker has the authorization to find a buyer for the seller.
The listing agreement will hence contain the name of the seller who agrees to have a real estate broker in order to sell his property.
With the usage of a broker, it becomes easier for a seller to sell the property and for a buyer to buy the property.
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some employees feel that an organization should be focused on profits while others believe it should focus on doing the maximum good for the maximum number of people. what type of conflict is occurring here?
The conflict that is occurring here is an intrapersonal conflict. This is a conflict that is happening within an individual.
What is conflict?
Conflicts are struggles and clashes of ideas, beliefs, or even moral principles. There will always be conflict in society because it can have a variety of root causes, including personal, based on race, class, caste, political, and international. Conflict can also be theoretical, intellectual, or emotional, in which case achieving academic success may or may not be a significant driving factor. A subclass of cultural conflict known as intellectual conflict is one that develops over time as a result of various cultural values and beliefs. Group conflict frequently takes a predetermined path. Initial conflicts within the group, which are frequently brought on by internal disagreements, disputes among the group's participants, or a lack of resources obtainable to the group, first interrupt routine group interaction.
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what will happen to the equilibrium in the market for a good if demand and supply increase simultaneously? equilibrium quantity will always increase equilibrium price will always decrease equilibrium quantity will always decrease equilibrium price will always increase g
If the equilibrium in the market for a good if demand and supply increase simultaneously then the equilibrium quantity will always increase equilibrium price will always decrease.
An equilibrium fee is a balance of demand and delivery factors. there is a bent for costs to return to this equilibrium until some traits of call for or deliver exchange. modifications within the equilibrium rate arise whilst either demand or deliver, or each, shifts or circulate.
A market is in equilibrium if on the market fee the amount demanded is the same as the amount provided. The fee at which the quantity demanded is the same as the amount furnished is called the equilibrium fee or market clearing fee and the corresponding amount is the equilibrium amount.
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rule 203 of the aicpa’s code of professional conduct pertains to a. cpas’ independence b. authorities designated to establish accounting standards c. standards of competency d. solicitation of new clients by a cpa
Rule 203 of the AICPA's Code of Professional Conduct pertains to option(b)i.e, Authorities designated to establish accounting standards.
The American Institute of Certified Public Accountants published the AICPA Code of Professional Conduct, which is a set of codified statements outlining a CPA's ethical and professional obligations. The AICPA Code gives CPAs a way to recognize, assess, and deal with threats to conformity with ethical standards using a "threats and safeguards" method.
However, a CPA is not permitted to use the theoretical foundation to get around any restriction or obligation in the AICPA Code. An accounting standard is a collection of procedures and guidelines used to standardize bookkeeping and other accounting operations over time and across different businesses. All aspects of an entity's financial picture, including its assets, liabilities, income, outlays, and shareholders' equity, are subject to accounting standards.
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sales are expected to grow by 14% next year. assuming no change in operations from this year to next year, what are the projected spontaneous liabilities? do not round intermediate calculations. round your answer to the nearest dollar.
Projected spontaneous liabilities is $4,560.
What is spontaneous liabilities?
A company's obligations that naturally accrue as a result of its regular operations are known as spontaneous liabilities. An increase inside a company's cost of sales, which are the expenses related to production, is typically linked to a rise in spontaneous liabilities. Fixed costs don't fluctuate with sales volumes, like the cost of the a factory building, so they aren't regarded as unforeseen liabilities. Since they outcome from modifications in sales activity, spontaneous liabilities are referred to as "spontaneous." In other words, sales or production volumes, rather than the firm itself, directly control spontaneous liabilities.
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menton co has 7 percent, semiannual coupon bonds outstanding with a current market price of $1,023.46, a par value of $1,000, and a yield to maturity of 6.72 percent. how many years is it until these bonds mature?
Mento's 7% semiannual coupon bonds with a current market price of $1,023.46, a par value of $1,000, and a yield to maturity of 6.72% will mature in 59 years (or period 118).
How is the maturity period determined?The maturity period is the time when the bonds' face value will be repaid.
The maturity period can be computed using an online finance calculator.
The relevant figures to input in the calculation include the yield to maturity rate, the semiannual coupon payment (3.5% of $1,000), the current market price, and the future value.
I/Y (Interest per year) = 6.72%
PV (Present Value) = $1,023.46
PMT (Periodic Payment) = $35 ($1,000 x 7% x 1/2)
FV (Future Value) = $1,000
Results:
N = 118.109
= 59 years (118.109/2)
Sum of all periodic payments = $4,133.81
Total Interest = $2,110.35
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