If Joel earns a 7 percent after-tax rate of return, $27,000 received in two years is worth how much today

Answers

Answer 1

Answer: $23571

Explanation:

For this question, we have to calculate the present value of $27,000 with the given rate and the time that have already been given in the question to know the worth tiday. This will then be:

= $27,000 x PVIF (7%, 2)

= $27,000 x 0.873

= $23,571


Related Questions

The writing voice or tone of writing may be any of the following:
(Select all that apply)

A. Grammatically Incorrect
B. Professional
C. Incomplete
D. Friendly

Answers

Answer:

- Professional

- Friendly

Explanation:

Both of those tone can be used depending on the intent of the writing.

If the purpose of the writing is to talk about serious business transaction, it would be best to use a professional tone in order to shows a high level of competence. This will increase people's trust in your capability.

If the purpose of the writing is to seek semi-casual relations (such as building a network with other people within the industry), it would be best to use a friendly tone in the writing in order to establish a social relationship.

Old Time Savings Bank pays 3% interest on its savings accounts. If you deposit $3,000 in the bank and leave it there: (Do not round intermediate calculations. Round your answers to 2 decimal places.) a. How much interest will you earn in the first year?

Answers

Answer:

Interest= $90

Explanation:

Giving the following information:

Initial investment= $3,000

i= 3%

Number of periods= 1

First, we need to calculate the future value, using the following formula:

FV= PV*(1+i)^n

FV= 3,000*1.03= $3,090

Now, the interest earned:

Interest= 3,090 - 3,000

Interest= $90

On January 1, a company purchased a five-year insurance policy for $3,300 with coverage starting immediately. If the purchase was recorded in the Prepaid Insurance account, and the company records adjustments only at year-end, the adjusting entry at the end of the first year is:_______.
a. Debit Insurance Expense. $660, credit Prepaid Insurance, $660.
b. Debit Prepaid Insurance, $660; credit Insurance Expense, $660.
c. Debit Insurance Expense, $660; credit Prepaid Insurance, $2,640.
d. Debit Prepaid Insurance, $3,300; credit Cash, $3,300.

Answers

Answer:

a. Debit Insurance Expense. $660, credit Prepaid Insurance, $660.

Explanation:

The adjusting entry is shown below:

Insurance expense Dr $660 ($3,300 ÷ 5 years)

          To Prepaid insurance

(Being the insurance expense is recorded)

here we debited the insurance expense as it increased the expense and credited the prepaid insurance as it decreased the assets

Therefore the option a is correct

All three of the $5000 billion GDP figures (Production, Income and Spending) are in ____________ dollars.

Answers

Answer: D inflation adjusted, real

Explanation:

The GDP calculation acquired in the flow chart of $5,000 billion were all done after adjusting for inflation which means that they were in real dollars.

Inflation adjusted GDP enables more effective comparison between different periods as inflation tends to inflate the prices of goods and services and can make one think that the economy has grown more than it actually has.

When the value of GDP is inflation adjusted, it can then be seen just how much the economy improved or shrank.

Epiphany is an all-equity firm with an estimated market value of $400,000. The firm sells $275,000 of debt and uses the proceeds to purchase outstanding equity. Compute the weight in equity and the weight in debt after the proposed financing and repurchase of equity. Group of answer choices 0.31, 0.69 0.34, 0.66 0.48, 0.52 0.69, 0.31

Answers

Answer:

Epiphany

Weight in equity = 0.31

Weight in debt = 0.69

Explanation:

a) Data and Calculations:

Estimated market value of equity = $400,000

Debts = $275,000

Net equity after debt = $125,000

Weight in equity = $125,000/$400,000 = 0.31

Weight in debt = $275,000/$400,000 = 0.69

b) The weight in equity shows the relationship between the equity and the total capital (equity and debt) in use in Epiphany after the sale of debt and repurchase of outstanding equity.

c) The weight in debt shows the relationship between the debt capital and the total capital (equity and debt) in use in Epiphany after the sale of debt and repurchase of outstanding equity.

Rocky Mountain Bottling Company produces a soft drink that is sold for a dollar. At production and sales of 1,000,000 units, the company pays $700,000 in production costs, half of which are fixed costs. At that volume, general, selling, and administrative costs amount to $320,000, of which $70,000 are fixed costs. What is the amount of contribution margin per unit

Answers

Answer:

contribution margin per unit = $0.40

Explanation:

total variable production costs = $350,000

total fixed production costs = $350,000

total variable S&A expenses = $250,000

total fixed S&A expenses = $70,000

total costs = $1,020,000

total fixed costs = $420,000

total variable costs = $600,000

sales price = $1

variable cost per unit = $600,000 / 1,000,000 = $0.60

contribution margin per unit = $1 - $0.60 = $0.40

The demand for tickets to an Ethiopian Camparada film is given by D(p)= 200,000-10,000p, where p is the price of tickets. If the price of tickets is 12 birr, calculate price elasticity of demand for tickets and draw the demand curve



Answers

Answer:

a. The price elasticity of demand for tickets -1.50.

b. See the attached pdf file for the demand curve.

Explanation:

a. Calculate price elasticity of demand for tickets

Given;

p = 12

D(p) = D = 200,000 - 10,000p .................................................................... (1)

Substituting p = 12 into equation (1) to find the value of D, we have:

D = 200,000 – (10,000 * 12) = 200,000 - 120,000 = 80,000

Differentiating equation (1) with respect to p, we have:

dD/dp = -10,000

To calculate elasticity of demand, we use the formula for calculating the elasticity of demand as follows:

E = Elasticity of demand = (p / D) * (dD/dp) ................... (2)

Substituting the relevant values into equation (2), we have:

E = (12 / 80,000) * (-10,000) = 0.00015 * (-10,000) = -1.50

Therefore, the price elasticity of demand for tickets -1.50.

Note: Since the absolute value of E i.e. |-1.50| is greater one, it therefore implies that the demand for tickets is elastic.

b. Draw the demand curve.

Note: See the attached pdf file for the demand curve

To draw the demand curve, we need to obtain the new price and the new quantity demanded as follows:

We start by assuming that the price of tickets decreases from 12 birr to 11 birr. Therefore, the percentage change in price is obtained as follows:

Percentage change in price = ((New price – Old price) / Old price) * 100 = ((11 - 12) / 12) * 100 = -8.33%

To calculate the percentage change in demand for tickets, we use the following formula for calculating the elasticity of demand:

E = Percentage change in demand / Percentage change in price ............. (3)

Since from part a above, E = -1.50

And, as calculated here, Percentage change in price = -8.33%, or 0.0833

Substituting the values into equation (3) and solve for Percentage change in demand, we have:

-1.50 = Percentage change in quantity demanded / -0.0833

Percentage change in quantity demanded = (-0.0833) * (-1.50) = 0.12495, or 12.495%

Approximating to 2 decimal places, we have:

Percentage change in quantity demanded = 12.50%

Since the answer is positive, this implies that the demand for tickets D increases by 12.50% when price for tickets decreases by 8.33%. This confirms that the demand for tickets is truly elastic as the percentage change in demand for ticket of 12.50% is greater than the percentage change in price of -8.33%.

The new D can therefore be calculated as follows:

New D = D + (D * Percentage change in demand demanded) = 80,000 + (80,000 * 12.50%) = 90,000

From the calculations above, we have:

Initial price = 12 birr

New price = 11 birr

Initial quantity = D = 80,000

New quantity = New D = 90,000

The values above are then used to draw the demand curve in the attached pdf file.

Since there is a negative relationship between price and quantity demanded in economics, the curve in the attached excel file shows the effect of a decrease in the price of tickets from 12 birr to 11birr (as shown by the arrow) on the quantity demanded for tickets that increases from 80,000 to 90,000 (as shown by the arrow).

Since the demand for tickets is elastic as obtained in part a above, it implies that the percentage change in the quantity demanded for ticket is greater than the percentage change in the price of tickets. This makes the demand curve to be flatter as shown in the attached pdf file

From the demand curve in the attached pdf file; the demand curve for tickets is flatter, and the gap between the initial quantity demanded 80,000 and the new quantity demanded 90,000 is wider than the gap between the initial price 12 birr and the new price 11 birr. This indicated that the percentage change in the quantity demanded of 12.50% which is an increase from 80,000 to 90,000 is higher than the percentage n the price for tickets of 8.33% which is a decrease from 12 birr to 11 birr.

A double-entry accounting system is an accounting system: Multiple Choice That records each transaction twice. That records the effect of each transaction in at least two accounts with equal debits and credits. In which each transaction affects and is recorded in two or more accounts but that could include two debits and no credits. That allows total credits to be greater than total debits. That allows total debits to be greater than total credits.

Answers

Answer:

That records the effect of each transaction in at least two accounts with equal debits and credits.

Explanation:

A double-entry accounting system is the accounting system in which it shows the impact of each transaction in terms of debit and credit. In this the amount of credit should be equivalent to the amount of credit that means both the amount should be equivalent to each other

hence, the second option is correct and the same is to be considered

Mo has a credit card that gives a 3% discount on every purchase. The annual percentage rate on the card is 12%. He is purchasing an electronic reader for $140. Check all that apply. If Mo uses the credit card and pays the full balance during the billing cycle, the cost of the purchase will be $140. If Mo pays cash, the cost of the purchase will be $140. If Mo uses the credit card and pays off the balance at $30 a month for 7 months with no late fees, the cost of the purchase will be $143.34. If Mo pays cash, the cost of the purchase will be $135.80. If Mo uses the credit card and pays off the balance at $20 a month for 7 months with no late fees, the cost of the purchase will be $139.89. If Mo uses the credit card and pays the full balance during the billing cycle, the cost of the purchase will be $135.80.

Answers

Answer:

B: If Mo pays cash, the cost of the purchase will be $140.

E: If Mo uses the credit card and pays off the balance at $20 a month for 7 months with no late fees, the cost of the purchase will be $139.89.

F: If Mo uses the credit card and pays the full balance during the billing cycle, the cost of the purchase will be $135.80.

The correct answers to this question are B, E, and F and they are also

answers 2, 5, and 6.

Based on the information given, the correct options will be:

If Mo pays in cash, the cost of the purchase will be $140. If Mo uses the credit card and pays off the balance at $20 a month for 7 months with no late fees, the cost of the purchase will be $139.89. If Mo uses the credit card and pays the full balance during the billing cycle, the cost of the purchase will be $135.80.

It should be noted that when she pays in cash, she'll have to pay $140.  In a situation whereby she uses the credit card, she'll be given a discount of 3%. Therefore, the amount that she'll have to pay will be:

= $140 - (3% × $140)

= $140 - (0.03 × $140)

= $140 - $4.20

= $135.80.

In conclusion, the correct options are B, E, and F.

Read related link on:

https://brainly.com/question/22080114

If Tonya purchased 200 decorative pillows at $12 each and sold 75 of the pillows for $20 each, what is the cost of goods sold

Answers

Answer:

the cost of goods sold is $1,500

Explanation:

The computation of the cost of goods sold is

= Opening inventory + purchase - ending inventory

= $0 + 200 × $12 - (200 × $12 - 75 × $20)

= $ + $2,400 - ($2,400 - $1,500)

= $2,400 - $900

= $1,500

hence, the cost of goods sold is $1,500

We simply applied the above formula so that the correct value could come

And, the same is to be considered

It is estimated that the net cash flows to be received from the copyright will be $63,000, and its fair value is $59,850. The accumulated amortization at the end of 2021 was $15,435. Compute the amount of impairment, if any, to be recorded on December 31, 2021. (If there is a loss on impairment, then enter amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).)

Answers

Answer:

The amount of the impairment = $3,150.

Explanation:

a) Data and Calculations:

Net cash flows = $63,000

Fair value of copyright = $59,850

Accumulated amortization = $15,435

Impairment gain = $3,150 ($63,000 - $59,850)

b) There is an impairment gain of $3,150 since the net cash flows is higher than the fair value of the copyright.  Copyright is an intangible asset and impairment assessment must be conducted yearly.

stock that has a current price of $25.00, a beta of 1.25, and a dividend yield of 6%. If the Treasury bill yield is 5% and the market portfolio is expected to return 14%, what should MUSS’s stock sell for at the end of an investor's two year investment horizon?

Answers

Answer:

$30.2067

Explanation:

From the given question, using the dividend discount model

[tex]V_0 = \dfrac{D_1}{r - g}[/tex]

where:

r is the Expected return on stock and be calculated as:

Expected return on stock = Risk free rate + Beta × (Expected Market Return - Risk free rate)

Expected return on stock = 5% + 1.25 × (14% - 5%) = 16.25%

However, the current price in this process will b used as the dividend price for all future expenses.

Dividend Yield = Current Dividend/The Share Price

Current dividend D0 = 6% × $25.00 = $1.50

D₁ = D₀ × (1 + g)

D₁ = 1.5 × (1 + g)

Thus, we can now employ the use of the growth dividend model (constant) to determine the value of g as follows:

[tex]25 = \dfrac{1.5 \times (1 + g)}{0.1625 - g}[/tex]

By cross multiply, we have:

4.0625 - 25g = 1.5 + 1.5g

collect like terms, we have:

4.0625 - 1.5 = 1.5g + 25g

2.5625 = 26.5g

Divide both sides by 26.5, we have:

2.5625/26.5 = 26.5g/26.5

g = 9.67%

Similarly, suppose the value for the second year-end to be Y₂;

Then the constant growth dividend model can be computed as:

[tex]Y_2 = \dfrac{D_3}{r - g}[/tex]

where;

D₃ = D₂ × (1 + g)

D₂ × (1 + g) = D₁ × (1 + g) × (1 + g)

D₁ × (1 + g) × (1 + g) = D₀ × (1 + g) × (1 + g) × (1 + g)

D₁ × (1 + g) × (1 + g) = D₀ × (1 + g) × (1 + g) × (1 + g)  = D₀ × (1 + g) × 3

D₃ = 1.5 × (1 + 9.67%) × 3

D₃ = $1.9876

Finally:

[tex]Y_2 = \dfrac{D_3}{r - g}[/tex]

[tex]Y_2 = \dfrac{1.9876}{0.1625 - 0.0967}[/tex]

Y₂ = $30.2067

1.Processes A, B, C, D, E, and F require service times of 3, 5, 2, 5, 3, and 5. Their arrival times are 0, 1, 3, 9, 10, and 12. What is the average turnaround time, waiting time, response time, and throughput when using SRJF, RR (q

Answers

Answer:

please check attachment for the answers I gave. they are in tabular form

Explanation:

Other restaurants in the industry are seeing improvements in their sales, rather than declines. The reporters mention this is in part due to the rise of the celebrity chef and the contrasting styles of the newer quick-serve options that emphasize recipes and quality. Identify which strategy these newer organizations are using to compete against the older more established rivals.
a. Price signaling strategy
b. Capacity control strategy
c. Non-price competition strategy
d. Price leadership strategy

Answers

Answer: Non price competition strategy

Explanation:

The strategy that's been utilized by the newer firms as against the fish that are more established is referred to as non price competition strategy.

Non-price competition strategy is referred to as a marketing strategy which doesn't have to do with the reduction in price buth rather, utlizes promotional expenditures like free gifts, sales promotion, advertising, special orders etc. For this strategy, the company's product quality and brand is of importance to the company.

When a mentally challenged candidate is overlooked by a recruiter even though he possesses skills that are perfect for the job, which perceptual distortion is likely to be experienced by the recruiter?

a. Halo effect
b. Selective perception
c. Ability stereotypes
d. Projection
e. Self-fulfilling prophecy

Answers

The correct answer is C. Ability stereotypes

Explanation:

Ability stereotypes imply incorrect or inaccurate perceptions about people with different abilities including people with intellectual or cognitive disabilities or mentally challenged people. This often means people consider mentally challenged people unable to perform tasks, understand certain information, among others.

This type of stereotyping occurs in the situation presented because the recruiter is not considering a specific candidate because he/she is mentally challenged. However, this condition does not imply the candidate does not have the skills or qualities to be in this job. Indeed, this candidate can be more suitable than an individual with regular intellectual abilities.

Question 3

A situation where the level of output scale and average costs are all rising is called

Answers

Answer: Decreasing return to scale

Explanation:

Decreasing return to scale is a situation where the level of output, scale and average costs are all rising.

Decreasing return to scale happens when there's a rise in inputs that are involved in production process such as labour and capital which brings about a increase in output as well even though it's lesser.

On September 15, 2021, Oliver's Mortuary received a $7,200, nine-month note bearing interest at an annual rate of 8% from the estate of Jay Hendrix for services rendered. Oliver's has a December 31 year-end. What adjusting entry will the company record on December 31, 2021

Answers

Answer: PLease see answer below

Explanation:

Date Account title and explanation Debit Credit

Dec 31   Interest receivable                           $168  

2021             Interest revenue                                                 $168

Calculation

Interest =Principal x time x rate

= 7,200 x 8% x 3.5 /12(15th september to 31st December)

=$168

The transactions listed below are typical of those involving New Books Inc. and Readers’ Corner. New Books is a wholesale merchandiser and Readers’ Corner is a retail merchandiser. Assume all sales of merchandise from New Books to Readers’ Corner are made with terms 3/10, n/30, and that the two companies use perpetual inventory systems. Assume the following transactions between the two companies occurred in the order listed during the year ended August 31.
a. New Books sold merchandise to Readers’ Corner at a selling price of $625,000. The merchandise had cost New Books $445,000.
b. Two days later, Readers’ Corner complained to New Books that some of the merchandise differed from what Readers’ Corner had ordered. New Books agreed to give an allowance of $11,000 to Readers’ Corner.
c. Just three days later, Readers’ Corner paid New Books, which settled all amounts owed.
Required:
1. Indicate the effect (direction and amount) of each transaction on the Inventory balance of Readers' Corner. (Enter all amounts as positive values.)
2. Prepare the journal entries that Readers’ Corner would record and show any computations. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.)

Answers

Answer:

Readers' Corner

1. Effect of each transaction on the Inventory Balance:

a. $625,000 Purchase: Inventory balance is increased

b. $11,000 Allowance: Inventory balance is decreased.

c. $614,000 Payment: Inventory balance is not affected.

2.

a. Debit Inventory $625,000

Credit Accounts Payable (New Books) $625,000

To record the purchase of new books on account.

b. Debit Accounts Payable (New Books) $11,000

Credit Inventory $11,000

To record the allowance received from New Books.

c. Debit Accounts Payable (New Books) $614,000

Credit Cash Account $614,000

To record the payment on account.

Explanation:

Readers' Corner records its transactions with New Books Inc. by initially using the journal.  The entries in the journal identify the accounts involved in each transaction.  During the recording, the accounts to be debited and the ones to be credited in the general ledger are identified and recorded accordingly.

State the method of acknolwdgement​

Answers

Explanation:

A page of acknowledgements is usually included at the beginning of a Final Year Project, immediately after the Table of Contents.

Acknowledgements enable you to thank all those who have helped in carrying out the research. Careful thought needs to be given concerning those whose help should be acknowledged and in what order. The general advice is to express your appreciation in a concise manner and to avoid strong emotive language.

Note that personal pronouns such as 'I, my, me …' are nearly always used in the acknowledgements while in the rest of the project such personal pronouns are generally avoided.

The following list includes those people who are often acknowledged.

Note however that every project is different and you need to tailor your acknowledgements to suit your particular situation.

Main supervisor

Second supervisor

Other academic staff in your department

Technical or support staff in your department

Academic staff from other departments

Other institutions, organizations or companies

Past students

Family *

Friends *

The following are the transactions for the month of July. Units Unit Cost Unit Selling Price July 1 Beginning Inventory 40 $ 10 July 13 Purchase 200 11 July 25 Sold ( 100 ) $ 14 July 31 Ending Inventory 140 Calculate cost of goods available for sale and ending inventory, then sales, cost of goods sold, and gross profit, under (a) FIFO, (b) LIFO, and (c) weighted average cost. Assume a periodic inventory system is used.

Answers

Answer:

                                                  (a) FIFO             (b) LIFO           (c) weighted

                                                                                                   average cost:

Cost of goods available for sale $2,600            $2,600              $2,600

Ending inventory                            1,540                1,500                  1,516      

Sales                                             $1,400              $1,400                 1,400  

Cost of goods sold                        1,060                 1,100                  1,083  

Gross profit                                    $340                $300                   $317        

Explanation:

a) Data and Calculations:

                                                Units    Unit Cost      Unit Selling       Price

July 1 Beginning Inventory        40          $ 10                                      $400

July 13 Purchase                     200              11                                     2,200

July 25 Sold                           ( 100 )                                $ 14            (1,400)

July 31 Ending Inventory         140

July 31 Goods available          240

Average unit cost = $10.83 ($2,600/240)

FIFO:

Cost of goods available for sale  $2,600 ($400 + $2,200)

Ending inventory                             1,540 (140 * $11)

Sales                                              $1,400 ($14 * 100)

Cost of goods sold                         1,060 (40 * $10 + 60 * $11)

Gross profit                                      $340

LIFO:

Cost of goods available for sale  $2,600 ($400 + $2,200)

Ending inventory                             1,500 (40 * $10 + 100 * $11)

Sales                                              $1,400 ($14 * 100)

Cost of goods sold                          1,100 (100 * $11)

Gross profit                                      $300

Weighted Average:

Cost of goods available for sale  $2,600 ($400 + $2,200)

Ending inventory                             1,516 (140 * $10.83)

Sales                                              $1,400 ($14 * 100)

Cost of goods sold                          1,083 (100 * $10.83)

Gross profit                                      $317

Marr Co. had the following sales and accounts receivable balances, prior to any adjustments at year end: Credit sales $10,000,000 Accounts receivable 3,000,000 Allowance for uncollectible accounts (debit balance) 50,000 Marr uses 3% of accounts receivable to determine its allowance for uncollectible accounts at year end. By what amount should Marr adjust its allowance for uncollectible accounts at year end

Answers

Answer:

$140,000

Explanation:

The computation is shown below:

Ending allowance for uncollectible accounts is

= Accounts receivable × Given percentage

= $3,000,000 × 3%

= $90,000

Now the

Adjusted balance is

= Ending allowance for uncollectible accounts + debit balance of Allowance for uncollectible accounts

= $90,000  + $50,000

= $140,000

Percentage of sales budgeting can also be called _____.


arbitrary budgeting

objective and task budgeting

rule of thumb budgeting

competitive budgeting

Answers

Answer:

promotional budget is set as a percentage of current or anticipated sales

Typical percent of sales is 2%-5%

Explanation:

so I would have to say arbitrary budgeting

If a firm's sales are $250,000 and its variable costs are $190,000, the contribution margin in dollars is:_______.
a. $440,000
b. $60,000
c. $190,000
d. $250,000

Answers

Answer:

b. $60,000

Explanation:

Given the following data;

Sales price = $250,000

Variable cost = $190,000

Contribution margin can be defined as the subtraction of variable cost from the sales price.

Mathematically, it given by the formula;

[tex] Contribution \; margin = sales \; price - variable \;cost[/tex]

[tex] Contribution \; margin = 250000 - 190000[/tex]

Contribution margin = 60,000

Therefore, the contribution margin in dollars is $60,000.

The point that each glass of lemonade consumed on a hot day brings lower and lower levels of satisfaction is known as the principle of A. increasing opportunity cost. B. decreasing marginal price. C. total benefits. D. increasing marginal cost. E. decreasing marginal benefit.

Answers

Answer:

E. decreasing marginal benefit.

Explanation:

The law of diminishing marginal utility can be explained as whenever there is rise in the supply of particular goods/services, then the marginal utility falls. Utility in Economics can be regarded as Satisfaction derived from particular goods/services.

Therefore, in the case of the question, point that each glass of lemonade consumed on a hot day brings lower and lower levels of satisfaction is known as the principle

decreasing marginal benefit. Because as the consumption of the lemonade increases, marginal utility gotten from

every added units taken will start reducing like that.

Imagine that Scott has asked your opinion about whether Barcelona should try to reduce involuntary turnover. What is an advantage of the current practice of firing a large percentage of employees?

a. Barcelona can replace less effective performers with better performers.
b. Barcelona can develop a monoculture in which all employees behave similarly.
c. Barcelona saves money on training costs.
d. Barcelona can gain valuable feedback about deficiencies in the company by conducting exit interviews.

Answers

Answer:

a. Barcelona can replace less effective performers with better performers.

Explanation:

As per the conversation i.e. you cant give the training to the people for enthusiastic them as you want to hire them also it is  a transient business

So here you need to fire the old employees who are less effective and hire new employees who are enthusiastic that ultimately benefits the company

Therefore option a is correct

and the same is to be considered


What would be most likely to happen if the discount rate were raised?
A. Depositors would make a run on a bank.
thing
B. Banks would make fewer loans.
C. Creditors would refuse to pay back loans.
D. Banks would stop opening savings accounts.

Answers

Answer:

B. Banks would make fewer loans

Explanation:

The discount rate is the interest rate that commercial banks pay to the Federal Reserve for loans received. Banks usually borrow to cater to their short-term cash-flow requirements. The discount rate is higher than the inter bank rate or the fed funds rate(the rate that banks charge each other for loans).

An increase in the discount rate causes the inter bank rate to rise (the Fed controls both rates). It means commercial banks are borrowing money from the Fed and each other at a higher interest rate. Consequently, commercial banks charge a higher interest rate for loans advanced to customers. An increase in interest rates at the banks discourages customers from borrowing.

What factors should be considered for a leader when delegating responsibilities to committee members?

a. Politics and personnel

b. Money and connections

c. Trust and respect

d. Character and job code


What should be considered as key elements when planning the logistics of your event?

a) location, contracts, parking

b) date, director, charity

c) date, location, budget

d) location, budget, profit


What should you do during the development phase regardless of the type of event you are implementing?

a) identify your goals and objectives

b) identify the charity for the event profits

c) identify the location of the event

d) identify who will be the master of ceremonies


Which responsibility best describes the responsibility of the media or marketing director?

a. contracts

b. public relations

c. risk management

d. venue selection

Answers

Answer:

1) Character and job code

2) date, location, budget

3) identify your goals and objectives

4) public relations

Explanation:

When considering a committee member for a certain delegated role, a leader must select a person judged to have impeccable character and whose job code corresponds to the role you want to delegate to him/her.  

When planning the logistics of an event, a suitable date must  be chosen, an accessible and suitable location must be selected and the budget must be fair and manageable.

At the development phase of event planning, the event planner must identify exactly what the goals and objectives of the event are before other factors are considered.

The media or marketing director has the important role of promoting the image of the organization by engaging the public in issues regarding the organization. Hiss/her primary role has to do with public relations.

The following U.S. Treasury bond is listed in the The Wall Street Journal: Rate Mo/Yr Bid Asked 9.50 Oct 38 135:30 136:04 This $1,000 par value bond has 18 years to maturity and makes semi-annual coupon interest payments. If you purchased this bond, what would be the bond's yield to maturity

Answers

Answer:

6.35%

Explanation:

If you purchase this bond you will need to pay $1,000 x 136.04% = $1,360.40

the coupon rate is 9.5% / 2 = 4.75% or $47.50 every six months

the bond matures in 18 years or 36 semiannual periods

yield to maturity = {coupon + [(face value - market value)/n]} / [(face value + market value)/2]

YTM = {47.5 + [(1,000 - 1,360.4)/36]} / [(1,000 + 1,360.4)/2]

YTM = 37.49 / 1,180.2 = 0.031766 x 2 (annual yield) = 0.06353 = 6.35%

DEFINITION TERM 1. Subtract outstanding checks from the bank balance. 2. Compute the adjusted bank balance. 3. Enter the bank statement balance from the bank statement. 4. Add any unrecorded deposits to the bank balance. 5. Compute the adjusted book balance. 6. Add any unrecorded interest earned to the book balance. 7. Enter the company’s book balance from its accounting records. 8. Subtract bank fees from the book balance.

Answers

Complete Question:

What are the correct steps in preparing Bank reconciliation in a chronological order?

Answer:

1. Enter the bank statement balance from the bank statement.

2. Add any unrecorded deposits to the bank balance.

3. Subtract outstanding checks from the bank balance.

4. Compute the adjusted bank balance

5. Enter the company's book balance from its accounting records.

6. Add any unrecorded interest earned to the book balance.

7. Subtract bank fees from the book balance.

8. Compute the adjusted book balance.

Explanation:

In Financial accounting, bank reconciliation can be defined as an evaluation which give a complete details of the financial items responsible for any difference between the balance of the cash account in the balance sheet and the cash balance reported in an entity's bank statement. These reconciliations should be done at regular intervals so as to ensure a balanced record of the cash account are kept by an organization or firm.

A bank reconciliation mainly computed by an accountant, gives the difference between the balance in relation to the bank statement and the cash balance with respect to the accounting records of the depositor in a particular financial institution.

The steps in preparing Bank Reconciliation in a chronological order are;

1. You should enter the bank statement balance from the bank statement.

2. Add any unrecorded deposits to the bank balance.

3. Subtract outstanding checks from the bank balance.

4. Compute the adjusted bank balance

5. Enter the company's book balance from its accounting records.

6. Add any unrecorded interest earned to the book balance.

7. Subtract bank fees from the book balance.

8. Compute the adjusted book balance.

The main purpose of a bank reconciliation is to ensure an accuracy of the depositor's financial information and that of it's bank records.

In a nutshell, after a reconciliation of the bank statement, the adjusted bank balance should be equal to the company's ending adjusted cash balance on the balance sheet.

The correct steps in preparing Bank reconciliation in a chronological order: 1. Enter the bank statement balance from the bank statement.

2. Add any unrecorded deposits to the bank balance.

3. Subtract outstanding checks from the bank balance.

4. Compute the adjusted bank balance

5. Enter the company's book balance from its accounting records.

6. Add any unrecorded interest earned to the book balance.

7. Subtract bank fees from the book balance.

8. Compute the adjusted book balance.

Bank reconciliation is described in financial accounting as an evaluation that provides detailed details of the financial items responsible for any difference between the balance of the cash account on the balance sheet and the cash balance shown on an entity's bank statement. These reconciliations should be performed at regular periods to guarantee that an organisation or corporation maintains a balanced record of the cash account.

A bank reconciliation, which is mostly computed by an accountant, provides the difference between the balance on the bank statement and the cash balance on the depositor's accounting records at a certain financial institution.

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Corporation A has the following returns for the past three years: 7 percent, 13 percent, and 10 percent. Assume each year return had the same probability (weights of 1/3 each). Calculate the expected return

Answers

Answer:

10.00%

Explanation:

The expected return is the weighted average of all the returns recorded thus far wherein the probability of each return occurring is used as the weight of each return as shown below:

Expected return=sum of (weight* value of return)

Expected return=(7%*1/3)+(13%*1/3)+(10%*1/3)

Expected return=0.023333333 +0.043333333 +0.033333333

Expected return=10.00%

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