Units-of-activity depreciation a truck acquired at a cost of $520,000 has an estimated residual value of $27,200, has an estimated useful life of 64,000 miles, and was driven 5,800 miles during the year. determine the following. (a) the depreciable cost (b) the depreciation rate (c) the units-of-activity depreciation for the year

a. To calculate each person's average tax rate, we need to divide the tax paid by their income and then multiply by 100 to get the percentage.

Income: $10,000
Tax Paid: $2,000
Average Tax Rate: ($2,000 / $10,000) * 100 = 20%

Income: $20,000
Tax Paid: $3,000
Average Tax Rate: ($3,000 / $20,000) * 100 = 15%

Income: $30,000
Tax Paid: $4,000
Average Tax Rate: ($4,000 / $30,000) * 100 = 13.33%

(Table)
Income: $10,000 | $20,000 | $30,000
Tax Paid: $2,000 | $3,000 | $4,000
Average Tax Rate: 20% | 15% | 13.33%

b. This tax is regressive because the average tax rate decreases as income increases. In other words, individuals with higher incomes pay a smaller percentage of their income in taxes compared to those with lower incomes.

To learn more about “income” refer to the https://brainly.com/question/28390284

#SPJ11

The values are Net Worth: 340, Tangible Net Worth: 290, Outside Liabilities: 360, Net Working Capital: 150, Current Ratio: 1.5 and Quick Ratio: 0.67

To calculate the different financial ratios and values, we'll first determine the various components of the balance sheet using the given data.

1. Total Assets = Net Fixed Assets + Inventories + Cash + Receivables + Goodwill
Total Assets = 400 + 250 + 100 + 100 + 50 = 900

2. Total Liabilities = Term Loan + Bank C/C + Trade Creditors + Provisions
Total Liabilities = 200 + 200 + 100 + 60 = 560

Now, we can calculate the required values:

Net Worth = Capital + Reserves
Net Worth = 300 + 40 = 340

Tangible Net Worth = Net Worth - Goodwill
Tangible Net Worth = 340 - 50 = 290

Outside Liabilities = Total Liabilities - Bank C/C
Outside Liabilities = 560 - 200 = 360

Net Working Capital = Current Assets - Current Liabilities
Current Assets = Inventories + Cash + Receivables = 250 + 100 + 100 = 450
Current Liabilities = Trade Creditors + Bank C/C = 100 + 200 = 300
Net Working Capital = 450 - 300 = 150

Current Ratio = Current Assets / Current Liabilities
Current Ratio = 450 / 300 = 1.5

Quick Ratio = (Current Assets - Inventories) / Current Liabilities
Quick Ratio = (450 - 250) / 300 = 0.67

To know more about financial ratios, click here

https://brainly.com/question/29510938

#SPJ11

Baby Soft must maintain acceptable, and, if possible, distinguishable differences in the other dimensions of the marketing mix.

Baby Soft cannot ignore the other dimensions of the marketing mix just because its product is strong. Instead, the company must maintain acceptable, and if possible, distinguishable differences in the other dimensions of the marketing mix.

The marketing mix consists of four elements: product, price, promotion, and place (distribution). Each of these elements is important to consider when developing a marketing strategy. While Baby Soft's hand creams are of high quality and offer intense hydration, the company must still pay attention to the price it charges for its products, the way it promotes its products, and how its products are distributed to customers.

Ignoring any one of these dimensions could put the company at a competitive disadvantage. For example, if Baby Soft charges significantly more for its hand creams than its competitors, customers may choose to purchase a cheaper product from a competitor even if it is of slightly lower quality. Similarly, if Baby Soft does not distribute its products in a convenient manner, such as through online orders or retail partnerships, customers may choose to purchase a different product instead.

To know more about marketing mix visit

https://brainly.com/question/14591993

#SPJ11

The statement, "The United Nations Convention on Contracts for the International Sale of Goods (CISG) does not have a formal writing requirement that is similar to the Uniform Commercial Code (UCC) statute of frauds requirement." is true.

The CISG, which is a treaty that governs contracts for the international sale of goods, does not require contracts to be in writing or signed by the parties. Instead, the CISG recognizes the validity of contracts that are concluded through various means, including oral and implied contracts.

However, it is important to note that some countries that have ratified the CISG may have their own domestic laws that require certain contracts to be in writing or signed by the parties. In such cases, the domestic laws of the country in question would apply rather than the provisions of the CISG.

To know more about Uniform Commercial Code refer here:

https://brainly.com/question/30552463#

#SPJ11

The benefit under the Employee Retirement Income Security Act (ERISA) guidelines for qualified pension plans among the options provided is: Additional life insurance. The correct option is C.

ERISA is a federal law that sets minimum standards for pension plans in private industries. It aims to protect the interests of participants and their beneficiaries. Under ERISA guidelines, qualified pension plans must follow specific rules to ensure the financial security and fair treatment of employees.

Some benefits of ERISA guidelines for qualified pension plans include protecting employees' retirement assets, providing a fiduciary responsibility on plan administrators, and requiring transparent disclosure of plan information to participants.

Among the options you provided, additional life insurance is the only benefit that directly relates to ERISA guidelines for qualified pension plans. Executive physicals, home security, and payment of club dues are not part of the standard benefits under ERISA for qualified pension plans.

To know more about ERISA, refer here:

https://brainly.com/question/29994815#

#SPJ11

Question:

Which of the following is a benefit under the Employee Retirement Income Security Act guidelines for qualified pension plans?

a. Executive physicals

b. Home security

c. Additional life insurance

d. Payment of club dues

The statement is False because the inventory was properly included and valued during the physical inventory count on 12/31/22, but the $50,000 purchase invoice received on 1/4/23 should not have been processed and recorded a second time.

The statement suggests that Max Corp. personnel properly included and valued the inventory received on 12/15/22 during the 12/31/22 year-end physical inventory count process. However, a $50,000 purchase invoice was received on 1/4/23 for that same inventory, which was processed and recorded a second time, potentially leading to double-counting of the inventory.

If the inventory was already included in the year-end physical inventory count process, it should not have been recorded again in 2023. The double-counting of inventory can cause an overstatement of the inventory balance and affect the accuracy of the financial statements.

Therefore, the statement is false as it implies that Max Corp. personnel properly included and valued the inventory during the year-end physical inventory count process, when in fact they may have made an error by recording the same inventory twice.

Learn more about physical inventory https://brainly.com/question/17018640

#SPJ11

We can use the midpoint formula to calculate the price elasticity of demand:

Price elasticity of demand =[tex][(Q2-Q1)/((Q2+Q2)/2)]/[(P2-P1)/((P2+P1)/2)][/tex]

If we assume that 50% of the decline in traffic was due to the increased brewed coffee prices, then the percentage change in quantity demanded would be:

[tex](Q2-Q1)/Q1=-20%\\\\*0.5=-10%[/tex]

The percentage change in price would be:

[tex](P2-P1)/P1=10[/tex] percentage

Using the midpoint formula, we can calculate the price elasticity of demand as:

Price elasticity of demand [tex][(90-100)/((90+100)/2)]/[(10-0)/((10+0)/2)][/tex]

= (-10%) / (5%) = -2

The negative sign indicates that brewed coffee is an elastic product, meaning that a small change in price leads to a relatively large change in quantity demanded. A price elasticity of -2 suggests that a 10% increase in price will lead to a 20% decrease in quantity demanded.

To know more about price elasticity:

https://brainly.com/question/13565779

#SPJ4

An uncongested toll road is rival because if one car is using the road, it reduces the availability of the road to another car.

It is excludable because only those who pay the toll can use the road, and access can be restricted to those who don't pay the toll.

The goods that are rivalrous are those whose consumption by one individual decreases the availability of that good to another individual. Excludability refers to the ability to restrict access to a good.

Based on this, the answer to the question is: "an uncongested toll road" is rival and excludable.

An uncongested non toll road is rival but not excludable, as anyone can use the road without restriction.

A congested non toll road is rival but not excludable, as anyone can use the road without restriction, but the congestion may limit the availability of the road.

A congested toll road is both rival and excludable, as only those who pay the toll can use the road, and the availability of the road decreases as more cars use it.

To know more about excludable refer here

brainly.com/question/14897193#

#SPJ11

It is highly unlikely for bond yields/interest rates to be negative in nominal terms as this would mean that the borrower is essentially paying the lender to borrow money.

However, it is possible for bond yields/interest rates to be negative in real terms, which takes into account inflation. In this scenario, the nominal interest rate on the bond is lower than the rate of inflation, resulting in a negative real return for the investor.  One example of negative real bond yields is Japan's bond market in recent years. The Bank of Japan implemented a policy of negative interest rates in an attempt to boost economic growth and inflation. This resulted in many government bonds having negative nominal yields, meaning investors were effectively paying to lend money to the Japanese government. However, when factoring in Japan's low inflation rate, the real yield on these bonds was even more negative.

Learn more about bonds here:

https://brainly.com/question/17405470

#SPJ11

The exchange rate for country B will depreciate, and its net exports will decrease is the correct answer.

If the real interest rate in country A increases compared to country B, it means that country A becomes relatively more attractive to investors.

This can lead to an increase in the demand for the currency of country A and a decrease in the demand for the currency of country B. The exchange rate of country B will depreciate, making its exports relatively cheaper and its imports relatively more expensive.

This is because the increase in the real interest rate in country A will make its currency relatively stronger and lead to a decrease in the demand for the currency of country B, which in turn will lead to a depreciation of its exchange rate. As a result, the net exports of country B will decrease because its exports will become relatively more expensive for foreign buyers.

To know more about exchange rate visit :

https://brainly.com/question/29562028

#SPJ11

The rightward shift in demand can lead to increased competition among sellers, but those with strong goodwill will be better positioned to capitalize on the increased demand for their product.

Without any restrictions in a perfectly competitive market, if there is a sudden rightward shift in the demand for a good, sellers of the good will experience an increase in demand for their product. This will result in an increase in the equilibrium price and quantity of the good. Goodwill is a valuable asset for sellers in a competitive market as it can help to differentiate their product from those of their competitors, and can create a loyal customer base. This can be beneficial for sellers when demand for their product increases, as they can leverage their good will to increase their market share and profitability.

To know more rightward shift competition good will https://brainly.com/question/28267513

#SPJ11

The Thomas-Kilmann conflict mode instrument is a questionnaire providing a framework for categorizing 5 broad negotiation styles which includes all except: forcing, collaborating and compromising.

A questionnaire called the Thomas-Kilmann Conflict Mode Instrument (TKI) offers a systematic framework for classifying five main negotiation styles. Forcing is when a party may choose a competitive strategy that exclusively considers the results it wants if it has strong care for itself and minimal concern for the opposing party. Zero-sum thinking is most common in this type of discussion.  When a person is highly concerned and caring for both themselves and the other party, they will frequently engage in collaborative bargaining to maximise the advantage for both parties.

In this manner of negotiation, parties acknowledge that pursuing their shared objectives may result in increased value and synergies. When parties share certain worries for both themselves and the other party, negotiations will proceed in a compromised manner. While cooperation is not always feasible, parties may frequently identify particular issues that are more crucial to one than the other and use that information to isolate their respective priorities.

Read more about Thomas-Kilmann on:

https://brainly.com/question/29748954

#SPJ4

The term is "duty of care". In partnership law, duty of care refers to the legal obligation that partners owe to each other to use reasonable care and skill in performing their partnership duties and making decisions that affect the partnership.

This duty requires partners to act in good faith and in the best interests of the partnership, and to avoid conflicts of interest or self-dealing. Partners who breach their duty of care may be held liable for any resulting damages or losses suffered by the partnership or other partners. The duty of care is a fundamental aspect of partnership law, and it applies to all partners, regardless of their level of involvement or expertise. Partners are expected to use the same level of care and skill that a reasonable person in the same position would use in the same circumstances. This standard is objective and takes into account the specific circumstances of the partnership, including the nature and scope of its activities, the size and complexity of its operations, and the experience and qualifications of its partners. Partners can breach their duty of care in a number of ways, including by making decisions without adequate information, failing to exercise due diligence, or engaging in conduct that is reckless or grossly negligent. Partners who breach their duty of care may be liable to the partnership or other partners for any resulting damages or losses.

Learn more about diligence here:

https://brainly.com/question/30361204

#SPJ11

The statement "the most common action to improve the fiscal condition of a city is to raise federal taxes" is false. Raising federal taxes is not the most common action to improve the fiscal condition of a city.

In fact, federal taxes are typically levied by the national government, not by individual cities or municipalities. When a city or municipality faces fiscal challenges, there are several actions that can be taken to improve its fiscal condition.

Some of the most common actions include:

Increasing local taxes: This may include property taxes, sales taxes, or other forms of local taxes that can generate revenue for the city or municipality.

Cutting expenses: This may involve reducing government services, eliminating jobs, or implementing other cost-cutting measures to reduce the city's expenditures.

Attracting new businesses: This may involve providing incentives for businesses to relocate to the city or municipality, which can generate new jobs and revenue.

Selling assets: This may involve selling city-owned assets, such as property or buildings, to generate revenue.

Overall, there are a variety of actions that a city or municipality can take to improve its fiscal condition, and raising federal taxes is not typically one of them.

To know more about federal taxes refer here:

https://brainly.com/question/30541968#

#SPJ11

The key characteristic of financial intermediaries is that they simultaneously borrow and lend.

They take in funds from savers and then lend those funds out to borrowers. This allows them to provide a variety of financial services such as risk-sharing, liquidity, and diversification to both savers and borrowers. By pooling funds from many individuals and investing in a diversified portfolio of assets, financial intermediaries can spread risk and provide a greater return on investment.

Financial intermediaries act as a bridge between savers and borrowers. They gather funds from savers and then lend those funds to borrowers, such as businesses or individuals.

This process helps to efficiently allocate resources within an economy and contributes to overall economic growth.

Therefore, the correct answer is option C.

Learn more about the word financial here,

https://brainly.com/question/989344

#SPJ11

1. A service company does not have on its financial statements C. Cost of goods sold and 2. Common activity bases used by an airline are the number of B. passengers and miles flown.

1. A service company does not have cost of goods sold on its financial statements. This is because cost of goods sold is a term used for manufacturing or merchandising companies, which sell physical goods. Service companies, on the other hand, provide intangible services to their customers.

Thus, they do not have an inventory of physical goods to sell and do not have any cost of goods sold. Instead, service companies have expenses related to providing their services such as wages, rent, utilities, and other operational costs. They also have sales revenue from providing their services.

2. Common activity bases used by an airline are the number of passengers and miles flown. These activity bases are used to allocate costs to different flights and determine the profitability of each flight. The number of passengers is used to allocate costs related to the operation of the aircraft such as fuel, crew, and maintenance.

The miles flown is used to allocate costs related to the wear and tear of the aircraft such as depreciation, insurance, and repairs. By using these activity bases, airlines can determine the cost per passenger or per mile flown, which helps in pricing their tickets and maximizing profitability.

In conclusion, service companies do not have the cost of goods sold on their financial statements as they do not sell physical goods. Airlines commonly use the number of passengers and miles flown as activity bases to allocate costs and determine profitability. Therefore, the correct option for 1 is C. and 2 is B.

The question was incomplete, Find the full content below:

1. Which of the following items does a service company not have on its financial statements?

a. Expenses

b. Long-term debt

c. Cost of goods sold

d. Sales revenue

2. Common activity bases used by an airline are the number of

a. airline seats; passengers

b. passengers; miles flown

C. airline seats; miles flown

d. None of the above

Know more about Financial statements here:

https://brainly.com/question/14696089

#SPJ11

The most likely party involved in the decision to issue a going concern opinion is the engagement partner. This is because the engagement partner is responsible for overseeing the audit engagement and ensuring that it is conducted in accordance with auditing standards. As part of this responsibility, the engagement partner is also responsible for evaluating the entity's ability to continue as a going concern.

However, the engagement senior manager may also play a role in the decision to issue a going concern opinion, as they are responsible for managing the day-to-day aspects of the audit engagement and may be involved in evaluating the entity's ability to continue as a going concern.

The accounting firm's head office may also be involved in the decision to issue a going concern opinion, particularly if there are complex accounting or auditing issues involved. The entity CEO and CFO may be consulted during the audit process, but they are not typically directly involved in the decision to issue a going concern opinion. The entity internal audit staff may provide information and assistance during the audit process, but they are not responsible for making the decision to issue a going concern opinion.

To learn more about engagement partner refer here:

https://brainly.com/question/30897201

#SPJ11

Answer: Clarice observing a phenomenon in the group she is leading, where the dominant position held by the members tends to strengthen as discussion continues. Clarice is observing "group polarization" in the group she is leading. It is a tendency for a group's opinions to become more extreme or intensified as a result of group discussions.

What is Group Polarization? Group polarization refers to the tendency where group members' attitudes and beliefs become more extreme and intense as they interact with each other, leading to a strengthening of the dominant position held by the majority. It is a phenomenon when “members of a deliberating group move toward a more extreme point in whatever direction is indicted by the members' preconceived tendency.

Learn more about Group Polarization: https//brainly.com/question/31645921

#SPJ11

In this scenario, you have discovered that your colleague Olya has misrepresented herself on her resume, which could potentially affect her chances of being offered a permanent job at the firm.it is important to prioritize the greater good and act with integrity and professionalism.

Firstly, it is important to consider the potential consequences of not reporting this information. If Olya were to be hired based on false information, it could harm the reputation of the firm, as well as potentially lead to legal or ethical issues down the line.In this situation, the ethical course of action would be to bring this matter to the attention of someone in authority at PrizeWaterhome.

This can be done by scheduling a meeting with a supervisor or partner and presenting the information in a respectful and professional manner. It is important to stick to the facts and avoid making assumptions or accusations. By doing so, you are fulfilling your duty to act in the best interest of the firm and its stakeholders.It is also important to consider the potential impact of your actions on your relationship with Olya. It may be helpful to approach the situation with empathy and offer support to your colleague, while still upholding ethical values and standards in the workplace.

For more such questions on colleague

https://brainly.com/question/29658926

#SPJ11

The sales forecast according to the sales budget for the Standard and Deluxe Product for the quarter is $74,984 and $86,994 respectively.

A sales budget is a financial strategy that projects the entire income of a business over a given time frame. To forecast the performance of the company, it relies on two factors: the volume of products sold and the price at which they are sold.

The sales budget is as follows:

                                Standard                 Deluxe                             Total

April                        $20,806                   $29,714

                             (101×$206)                (83× $358)

May                         $25,244                    $27,208                         $52,752

                              (124×$206)               (76× $358)

June                        $28,634                    $30,072                          $58,706

                              ( 139×$206)               (84× $358)

Quarter                    $78,984                      $86,994                                      

Therefore, a sales budget for each of the three months April through June as well as the total for the quarter is prepared.

To learn more on sales budget, here:

https://brainly.com/question/14346747

#SPJ1

The statement "To obtain ISO 9001 certification, an independent auditor must verify that a business's factory, laboratory, or office meets quality standards." is False because the term "economist" is not correct in this context.

ISO 9001 is a quality management system standard that helps organizations to ensure they meet customer and regulatory requirements.

The certification process involves an independent, third-party auditor evaluating the business's processes, procedures, and quality management system to ensure they adhere to the ISO 9001 requirements.

The term "economist" is not relevant in this context, as it refers to someone who studies and analyzes economic trends, data, and issues, which is not related to the ISO 9001 certification process.

To know more about quality management system click on below link:

https://brainly.com/question/29416286#

#SPJ11

The likely outcome of Supplier A going bankrupt and closing its business is that the bargaining power of Supplier B will increase.

With only one supplier left, the coffee shop is now reliant on Supplier B for all of its needs. This gives Supplier B more leverage in negotiating prices and terms of supply.

However, it is important to note that the small coffee shop may also look for alternative suppliers or explore other options, which could potentially decrease Supplier B's bargaining power. Additionally, the threat of substitute products may not necessarily increase as this depends on the availability and demand for alternative products in the market.

To know more about bankrupt visit:

https://brainly.com/question/30905799

#SPJ11

John is a 46-year-old accountant who has been out of work for almost a year. During his initial job search, he actively applied to various accounting positions, showcasing his skills and experience in the field.

Despite his best efforts, he faced numerous challenges in finding a new job, such as increased competition, a constantly evolving job market, and potential age bias from some employers.

After months of unsuccessful attempts, John became discouraged and ultimately gave up on his job search two months ago. This situation is a common occurrence among long-term unemployed individuals, as they may experience a decline in motivation and self-confidence due to repeated rejections and the lack of positive feedback.

To overcome this situation, it is essential for John to revitalize his job search strategy. He could start by reevaluating his skills and qualifications, updating his resume, and seeking professional guidance from career coaches or employment agencies. Networking with industry professionals, attending job fairs, and participating in relevant workshops or online courses could also increase his chances of finding a suitable position.

Additionally, John should focus on maintaining a positive mindset and staying persistent in his efforts to secure a job. By remaining proactive, adaptable, and optimistic, he will be more likely to find the right opportunity and successfully reenter the workforce as an accountant.

For more about job search:

https://brainly.com/question/25482793

#SPJ11

The target market is the specific group of customers that a retailer intends to serve with its retail offerings. This includes demographic, geographic, psychographic, and behavioral characteristics that define the consumer's needs, wants, preferences, and shopping behaviors. The answer to your question is A) target market.

The target market is critical to a retailer's success as it allows them to tailor their retail mix to meet the specific needs of their customers. The retail mix includes the elements of product, price, promotion, and place, which a retailer uses to create a unique value proposition that appeals to its target market. By focusing on a specific target market, retailers can differentiate themselves from competitors, build brand loyalty, and achieve long-term success. A clear understanding of the target market allows retailers to identify opportunities for growth and expansion, adjust their retail strategies as needed, and make informed decisions about which retail channels to use to reach their customers. Overall, the target market is the cornerstone of retail strategy, and retailers who understand and serve it well are more likely to succeed in today's dynamic retail environment. Option A.

For more such questions on customers

https://brainly.com/question/24553900

#SPJ11

The most likely cause for failure in marketing a smartphone-related product for both older adults and children is the lack of a clear target market. Older adults and children have vastly different needs, preferences, and purchasing behaviors when it comes to smartphone-related products.

Another potential issue is that the product may not fully meet the needs of either segment. For example, older adults may require specific features such as larger fonts, simplified user interfaces, and emergency response capabilities, while children may require a more durable design and parental control features. By trying to create a product that meets the needs of both segments, Rory and Katie may end up with a product that is not fully optimized for either.

Ultimately, it's important for companies to have a clear understanding of their target market and develop products and marketing strategies that cater to their specific needs and preferences. A lack of focus on a specific target market can lead to confusion, ineffective marketing, and a product that fails to meet the needs of any segment.

To know more about target  click here

brainly.com/question/28147490

#SPJ11

The weight of the currency hedge fund in the minimum variance portfolio is approximately 53.8%.

To find the weight of the currency hedge fund in the minimum variance portfolio, we can use the formula:

Weight (Currency Hedge Fund) = (σ²(Commodities Hedge Fund) - ρ(σ(Currency Hedge Fund))(σ(Commodities Hedge Fund))) / (σ²(Currency Hedge Fund) + σ²(Commodities Hedge Fund) - 2ρ(σ(Currency Hedge Fund))(σ(Commodities Hedge Fund)))

where σ represents the standard deviation, ρ represents the correlation coefficient, and the subscripts refer to the respective hedge funds.

Plugging in the given values:
Weight (Currency Hedge Fund) = (9.4² - 0.26(6.2)(9.4)) / (6.2² + 9.4² - 2(0.26)(6.2)(9.4))
Weight (Currency Hedge Fund) ≈ 0.538

To learn more about hedge fund click here

brainly.com/question/28900925

#SPJ11

Use the formula for the future value of a series of equal deposits (annuity) compounded annually: FV = P * (((1 + r)^n - 1) / r) where FV is the future value (balance), P is the deposit amount ($1200), r is the annual interest rate (4% or 0.04), and n is the number of deposits (18). FV = $1200 * (((1 + 0.04)^18 - 1) / 0.04) FV ≈ $31,263.84 After the 18th deposit, the balance in the account will be approximately $31,263.84.

After 18 deposits, the total amount deposited into the account would be 18 x $1200 = $21,600.

Assuming no withdrawals were made, the balance in the account would be the total amount deposited plus the interest earned over the 18 years. The interest rate is 4% compounded annually, so the interest earned each year is calculated by multiplying the previous year's balance by 4%.

Using this formula, we can calculate the balance in the account after each year: - After 1 year: $1200 deposit + $48 interest = $1248 balance - After 2 years: $2448 deposit + $97.92 interest = $2545.92 balance - After 3 years: $3696 deposit + $148.64 interest = $3844.56 balance - After 4 years: $4944 deposit + $197.78 interest = $5141.34 balance - After 5 years: $6192 deposit + $247.65 interest = $6440.99 balance - After 6 years: $7440 deposit + $298.44 interest = $7752.43 balance - After 7 years: $8688 deposit + $350.15 interest = $9086.58 balance - After 8 years: $9936 deposit + $402.89 interest = $10439.47 balance - After 9 years: $11184 deposit + $456.73 interest = $11821.20 balance - After 10 years: $12432 deposit + $511.72 interest = $13243.92 balance - After 11 years: $13680 deposit + $567.94 interest = $14711.86 balance - After 12 years: $14928 deposit + $625.44 interest = $16228.30 balance - After 13 years: $16176 deposit + $684.28 interest = $17796.58 balance - After 14 years: $17424 deposit + $744.51 interest = $19419.09 balance - After 15 years: $18672 deposit + $806.20 interest = $21100.29 balance - After 16 years: $19920 deposit + $869.40 interest = $22844.69 balance - After 17 years: $21168 deposit + $934.18 interest = $24656.87 balance - After 18 years: $22416 deposit + $1000.59 interest = $26541.46 balance

Therefore, the balance in the account right after the 18th deposit would be $26,541.46.

Visit here to learn more about Compound Interest:

brainly.com/question/28020457

#SPJ11

Calculating product costs is necessary for computing inventory values and cost of goods sold for financial statements, providing information to product managers for pricing decisions, and making production decisions.

However, individual product costs are not required to be presented on a firm's financial statements.


1. Individual product costs are needed for computing inventory values and cost of goods sold for the financial statements, as they help determine the company's financial position and profitability.

2. Providing individual product costs to product managers for pricing decisions allows them to make informed decisions about pricing strategies and ensuring profitability.

3. Individual product costs are necessary for production decisions, as they help determine the most cost-effective methods of producing goods and services.

4. Although individual product costs are important for internal decision-making, they are not required to be presented on a firm's financial statements, as these statements focus on the overall financial position and performance of the company.

To know more about financial statements click on below link:

https://brainly.com/question/14951563#

#SPJ11

In the given question, whether people are winner or loser according to the unexpected inflation, United States federal government is a winner, and Joy is a winner. Whereas a retired school teacher, a bank and Herb are losers, respectively.

a. The United States federal government is a winner in unexpected inflation. As the government has a large amount of debt, inflation decreases the real value of the debt, making it easier for the government to pay off its obligations.

b. Karen, a retired school teacher, is a loser in unexpected inflation. She relies on her fixed pension to cover her expenses, and inflation erodes the purchasing power of her pension income.

c. Third National, a bank that lent many people money for home purchases, is a loser in unexpected inflation. As inflation increases, the value of the money that the bank lent decreases, meaning that it will be repaid in dollars that are worth less than the dollars that were originally lent.

d. Joy, who borrowed $40,000 to pay for her college education, is a winner in unexpected inflation. As inflation increases, the value of the dollars that Joy owes decreases, meaning that she will be able to repay her loan with dollars that are worth less than the dollars that she originally borrowed.

e. Herb, who keeps his savings in an old coffee can, is a loser in unexpected inflation. As inflation increases, the purchasing power of his savings decreases, meaning that he will be able to buy fewer goods and services with his savings.

Therefore, unexpected inflation has different effects on different people as mentioned above.

Learn more about government here:

https://brainly.com/question/4160287

#SPJ12

The maximum short-term borrowing needed if the firm enters the year with $397,000 total in cash and maintains a minimum cash balance of $104,000 is $534,000.

We can calculate the cash at the beginning of each quarter using the following formula:

Beginning cash = Ending cash + Short-term borrowing - Repayment

For Q1, the beginning cash is the same as the starting cash of $397,000.

For Q2, the beginning cash is:

Beginning cash = Ending cash (Q1) + Short-term borrowing (Q2) - Repayment (Q2)

= $104,000 + Short-term borrowing (Q2) - 0

= $397,000 + $205,000 - $104,000

= $498,000

For Q3, the beginning cash is:

Beginning cash = Ending cash (Q2) + Short-term borrowing (Q3) - Repayment (Q3)

= $192,000 + Short-term borrowing (Q3) - 0

= $498,000 + $329,000 - $192,000

= $635,000

Note that we have assumed that the firm will need to borrow $329,000 in Q3 to meet its temporary working capital needs.

For Q4, the beginning cash is:

Beginning cash = Ending cash (Q3) + Short-term borrowing (Q4) - Repayment (Q4)

= $104,000 + Short-term borrowing (Q4) - 0

= $635,000 + $0 - $104,000

= $531,000

Finally, we can calculate the total short-term borrowing needed by summing up the short-term borrowing for each quarter:

Total short-term borrowing = Short-term borrowing (Q2) + Short-term borrowing (Q3) + Short-term borrowing (Q4)

= $205,000 + $329,000 + $0

= $534,000.

Learn more about borrowing here:

https://brainly.com/question/31017869

#SPJ11