Compare lending $20,000 for 19 years at 10.4% annual interest with compounding to lending the money at the same interest but without compounding and enter to the nearest cent how much more future value you will have with compounding compared to simple interest.
Answers
Lending $20,000 for 19 years at a 10.4% annual interest with compounding will yield a significantly higher future value compared to lending the same amount at the same interest rate without compounding.
When interest is compounded, it means that the interest earned during each period is added to the principal, and subsequent interest is calculated based on the new total. In this case, with an interest rate of 10.4% annually, the interest will compound over the 19-year period. The future value can be calculated using the compound interest formula: Future Value = Principal * (1 + (Interest Rate/Number of Compounding Periods))^(Number of Compounding Periods * Number of Years) With compounding, the future value of the loan after 19 years can be calculated as: Future Value = $20,000 * (1 + (0.104/1))^(1 * 19) = $80,046.35
On the other hand, without compounding, the future value can be calculated using simple interest, which is based only on the original principal. The formula for simple interest is: Future Value = Principal * (1 + (Interest Rate * Number of Years)) Without compounding, the future value of the loan after 19 years can be calculated as: Future Value = $20,000 * (1 + (0.104 * 19)) = $58,800 Therefore, the future value with compounding is $80,046.35, while the future value without compounding is $58,800. The difference between these two amounts is approximately $21,246.35. Hence, by utilizing compounding, the investment would generate around $21,246.35 more in future value compared to simple interest over the 19-year period.
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Related Questions
Should Smith have looked at areas other than wafer fabrication
to identify further cost reductions using the UKM ABC case
study
Answers
Based on the information provided in the UKM ABC case study, Smith should have considered looking at areas other than wafer fabrication to identify further cost reductions.
By exploring other areas of the company's operations, Smith could have potentially identified additional opportunities for cost savings.
One area that Smith could have considered is the supply chain. Analyzing the supply chain can help identify inefficiencies and areas where costs can be reduced. For example, Smith could have evaluated the sourcing process to ensure that the company is obtaining materials at the most competitive prices. Additionally, he could have looked for opportunities to optimize transportation and logistics to reduce costs associated with the delivery of materials and finished products.
Another area to consider is the production process itself. Smith could have examined the manufacturing process to identify any bottlenecks or inefficiencies that are driving up costs. By streamlining the production process and implementing lean manufacturing principles, Smith may have been able to achieve cost reductions without compromising quality.
Furthermore, Smith should have considered the company's overhead expenses. This includes costs related to administration, marketing, and research and development. By analyzing these areas, Smith could have identified opportunities to reduce expenses without affecting the core operations of the company.
In conclusion, Smith should have explored areas beyond wafer fabrication to identify further cost reductions. By analyzing the supply chain, production process, and overhead expenses, Smith could have potentially discovered additional opportunities for cost savings in the UKM ABC case study.
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Courssehero flor is 21 years of age and a full-time student living with her parents. She had wages of $685 ($75 of income tax withholding) for 2022. Can flor file a tax return even though her parents will claim her as a dependent on their tax return?
Answers
Flor can file a tax return for 2022 based on her income and tax liability, even though her parents are claiming her as a dependent. Filing a tax return may be beneficial in terms of claiming a refund and establishing a tax history.
Flor can still file a tax return for the year 2022, even though her parents are claiming her as a dependent on their tax return. This is because filing a tax return is based on an individual's income and tax liability, not on whether someone else is claiming them as a dependent.
In this case, Flor had wages of $685 and $75 of income tax withholding. If she earned this income from a job, her employer may have sent her a Form W-2 showing her earnings and the taxes withheld. Based on her income level, Flor may not be required to file a federal tax return, as the standard deduction for a single individual in 2022 is $12,950.
However, if Flor had any taxes withheld from her wages, she may want to file a tax return to claim a refund of those taxes. Additionally, filing a tax return could also help her establish a tax history and could be beneficial in the future when she starts earning a higher income.
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A debtor owes $850 and is declared bankrupt. He is, however able to pay $0.40 on every dollar owed. How will his payment be recorded?
a. DR CASH $850 CR DEBTOR $850
b. DR CASH $340 CR DEBTOR 340
c. DR DEBTOR $850 CR CASH $850
d. DR DEBTOR $340 CR CASH $340
Answers
Answer:
BIT B IS THE CORRECT ANSWER
Explanation:
AS IT IS GIVEN IN QUESTION THAT THE DEBTOR IS ABLE TO PAY $0.40 ON PER DOLLAR.
WHICH MEANS BUSINESS RECEIVED 850×0.40/100 =$340
THE DEBTOR PAID $340
THE JOURNAL ENTRY IS
CASH A/C DR $340
BADDEBTS A/C DR $340
TO DEBTOR A/C $680
THIS IS THE CORRECT ANSWER BUT IT'S NOT IN THE OPTION THAT'S WHY ANSWER IS BIT B) .
THANK YOU
A person performs a cost-benefit analysis in order to:
A. calculate the expenses of multiple businesses competing in the
same market.
B. evaluate the possible positive and negative effects of different
economic decisions.
C. analyze economic data to reach general conclusions about a
country's economy.
D. determine the tax rates a business will pay depending on its
profits in a year.
o
Answers
Answer:
B. evaluate the possible positive and negative effects of different economic decisions.
Explanation:
Cost-benefit analysis (CBA) is used to examine and compare the cost associated with a project or task and the benefits derived from it.
Simply stated, cost-benefit analysis is a form of utilitarianism commonly used by individuals, business firms and government in the decision-making process, as all the cost incurred are determined and analyzed.
This ultimately implies that, it may be used to determine how changes in differing levels of activities such as costs and volume affect a company's operating income and net income.
Cost-benefit analysis (CBA) sums the total cost associated with a project (activity) and compares this cost against the total benefits that would be generated. Thus, it helps in the decision-making process by comparing the net present value (NPV) of the cost of a particular project with the net present value (NPV) of its benefits.
Hence, a person performs a cost-benefit analysis in order to help him or her evaluate the possible positive and negative effects of different economic decisions with respect to an investment, project, activity, or programme.
pls help me asap.....
Answers
Answer:
d
Explanation:
Money needed to expand for additional inventory, equipment, marketing cost, employees, etc. is known as which of the following? Competitive risk Market analysis Marketing Expansion capital
Answers
Answer:
Expansion capital
Explanation:
Expansion capital can be defined as the money that a company uses to expand itself and business. Expansion capital is always included in company balance sheets. Expansion capital is also known as growth capital.
Expansion or growth money usually covers additional inventory, equipment, marketing cost, employees, etc as seen in the question.
Cheers.
The main types of markets are called _____.
residential
consumer
industrial
customer
Answers
The adjusted trial balance for Pharoah Bowling Alley at December 31, 2020, contains the following accounts.
Debits :
Buildings $128,800
Accounts Receivable 14,800
Prepaid Insurance 4,000
Notes Payable 96,400
Equipment 61,300
Land 69,000
Insurance Expense 600
Depreciation Expense 7,000
Interest Expense 2,400
$306,900
Credits
Owner's Capital $119,300
Accumulated Depreciation-Buildings 42,300
Accounts Payable 11,200
Cash 19,000
Accumulated Depreciation-Equipment 18,300 Interest Payable 2,900
Service Revenue 16,500
$306,900
Prepare an owner's equity statement. (List items that increase owner's equity first.)
Answers
To prepare an owner's equity statement for Pharoah Bowling Alley as of December 31, 2020, we need to first list the items that increase owner's equity. These include:- Owner's capital: $119,300
Next, we need to calculate the total amount of decreases in owner's equity by listing the items that decrease owner's equity:- Accumulated depreciation-buildings: $42,300
- Accumulated depreciation-equipment: $18,300
Finally, we can calculate the total owner's equity by subtracting the total amount of decreases from the total amount of increases:
Owner's equity = Owner's capital - Total decreases
Owner's equity = $119,300 - ($42,300 + $18,300)
Owner's equity = $58,700
Therefore, the owner's equity statement for Pharoah Bowling Alley as of December 31, 2020 is:
Owner's Equity
Increase:
Owner's capital $119,300
Total increase $119,300
Decrease:
Accumulated depreciation - buildings $42,300
Accumulated depreciation - equipment 18,300
Total decrease $60,600
Total owner's equity: $119,300 - $60,600 = $58,700.
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In a perpetual system, the entry to record a purchase of merchandise on account includes a _____. (Check all that apply.)
a. credit to Inventory
b. debit to Accounts Payable
c. credit to Accounts Payable
d. debit to Accounts Receivable
e. debit to Inventory
f. credit to Accounts Receivable
Answers
In a perpetual system, the entry to record a purchase of merchandise on account includes a credit to Accounts Payable, debit to inventory.
What is accounts?The process of gathering, accumulating, and reporting information on business organization and financial written evidence. Also, this system's guidelines and practices. As a first-year student, I studied explanation work done in accounting or by accountants.
As credit to Accounts Payable - when the establishment is released from its legal obligation to pay the financial obligation. Accounts payable are a type of susceptibility, meaning they are a debt your company owes.
As debit to Inventory - The costs of the goods that were traded are credited to merchandise and are debited to the financial gain statement account, Cost of Advantages Sold.
Therefore, The right option (C and E) is correct.
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How much is e150 in dollars?
Answers
The conversion rate of 150 euros (EUR) to US dollars (USD) varies based on the current exchange rate. 1 EUR was approximately equal to 1.19 USD. So, 150 EUR is approximately equal to 178.50 USD.
What is a conversion rate?An exchange rate is the ratio at which one currency may be converted into another. It serves to compare the value of one currency to another and establish the relative worth of two different currencies. For instance, if the euro to US dollar exchange rate is 1.20, that indicates that 1 US dollar can be converted into 1.20 euros. The economy's stability, interest rates, and inflation are only a few variables that might have an impact on the conversion rate. Given that it has an impact on the price of products and services, it is a crucial aspect for people or companies conducting international commerce to take into account.
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which is an appropriate method of preparing a common-size cash flow statement? show each item of revenue and expense as a percentage of net revenue. show each line item on the cash flow statement as a percentage of net revenue. show each line item on the cash flow statement as a percentage of total cash outflows.
Answers
An appropriate method of preparing a common-size cash flow statement is to show each line item on the cash flow statement as a percentage of total cash inflows and outflows.
A cash flow statement is a financial statement that presents the cash inflows and outflows of a company as a percentage of a common base, typically net revenue or total cash flows. This allows for a better understanding of the relative importance of each item in the cash flow statement.
The two s mentioned in the question are:
1. Show each item of revenue and expense as a percentage of net revenue: While this method provides insight into the relationship between revenues, expenses, and net revenue, it does not specifically address the cash flow statement. Net revenue is a measure of income, whereas the cash flow statement focuses on cash flows.
2. Show each line item on the cash flow statement as a percentage of net revenue: This method is not commonly used for preparing a common-size cash flow statement. It combines the cash flow statement and the income statement, which are separate financial statements with different purposes.
The appropriate method is to show each line item on the cash flow statement as a percentage of total cash inflows and outflows. This approach provides a meaningful comparison of each item's impact on the overall cash flows of the company and facilitates analysis of the cash flow statement itself.
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if the economy is currently producing at point w, what is the opportunity cost of moving to point x?
Answers
If the economy is currently producing at point w, the opportunity cost of moving to point x is 5 million tons of paper.
The opportunity cost is the cost of the particular process or activity in which when we choose one decision or thing then we lose the another things or decision which is the alternative of the first choice.
According to the graphical representation, if we plot the economy is currently producing at point w on the x-axis and the opportunity cost of moving to point x on the y-axis it shows that the turning point of x with respect of w is 5 million tons of paper
The question is incomplete, the complete question is here,
If the economy is currently producing at point Y, what is the opportunity cost of moving to point X?
a) 5 million tons of paper
b) 19 million tons of steel
c) 9 million tons of paper
d) 15 million tons of steel
The correct option is A.
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when will nekos be created?
Answers
Answer:
no
Explanation:
Answer:
welp bro idek what a neko is butttt i found this? "Neko (as in catgirls) first appeared in Japanese manga as early as 1924, and in anime around 1949. They were first embraced by Americans in the 1980s." owo
Alex wants to start an ira that will have $1,250,675 in it when he retires in 30 years. how much should he invest semiannually in his ira to do this if the interest is 4.5% compounded semiannually? assume an annuity due. round to the nearest cent. a. $9,698.12 c. $9,828.44 b. $9,728.66 d. $9,931.10
Answers
Assume an annuity due. round to the nearest cent is $9,828.44. the answer is option C.
What is an interest?In the fields of finance and economics, interest is the payment made at a set rate by a borrower or deposit-taking financial institution to a lender or depositor in excess of the principal amount. It's distinct from any fees the borrower would pay to the lender or another party. The price of borrowing money or the payment you make for lending it is interest. The most common way to display interest is as a percentage of the loan amount over the course of a year. This proportion serves as a proxy for the loan's interest rate.In order for the semi-annual payment to be equal to the required sum when he retires, the future value of the annuity payable must be calculated. The formula to determine the future value of an annuity that will be due monthly payments of M for the time period T for a certain periodic return r.in this question there are 30*2= 60 payments and the semi annual rate= 4.5/2= 2.25%
putting values we get
on solving we get M= $9828.44
Alex needs to invest $9828.44 semiannually in his IRA
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Which one of the following businesses would you classify as being in the secondary sector of industry?
A) Oil exploration company
B) Family run farm business
C) Taxi operating business
D) Shoe manufacturer
Answers
Answer:
shoe manufacturer
Explanation:
what can be determined about aksum based on its trading patterns?
Answers
Aksum's trading patterns suggest its status as a powerful ancient civilization engaged in extensive trade networks. It implies economic prosperity, cultural exchange, and access to valuable resources, reflecting its significance in the global trade system.
The trading patterns of Aksum reveal that it was a thriving civilization with strong economic ties to various regions. Aksum's participation in long-distance trade routes, such as the Red Sea and Indian Ocean, indicates its ability to navigate maritime routes and establish commercial relationships with distant societies. The presence of valuable commodities like ivory, gold, spices, and exotic goods in Aksumite archaeological sites highlights its access to rare resources. Additionally, the influence of Greek, Roman, and Arabian cultural elements in Aksum further suggests its engagement in cultural exchange through trade. Overall, Aksum's trading patterns provide insights into its economic prosperity, global connectivity, and cultural significance during ancient times.
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journal entry
sold a part of machinery costing Rs.15000 at profit Rs.5000
pplease HELP
me
Answers
Answer:
To register in a journal entry the movement for which a part of machinery costing $ 15000 at profit of $ 5000 is sold, the following accounting record must be made:
-Goods exit = - $15,000
-Cash entry = $15,000
-Profit entry = +$5,000
total cash receipts equal $10,000, total cash payments equal $11,000, beginning cash equals $4,000 and ending cash equals $22,000. the total cash available is .
Answers
total cash receipts equal $10,000, total cash payments equal $11,000, beginning cash equals $4,000 and ending cash equals $22,000. the total cash available is $14,000.
What does a "cash receipt" mean?The amount of money received in a cash sale transaction is printed on a cash receipt. A copy of this receipt is delivered to the consumer, and a second copy is kept for record-keeping. A cash receipt includes the following details: when the transaction took place.
When cash is received, a cash receipts journal is used as the principal entry book in an accounting system to record the sales of the items. It does this by crediting sales and debiting cash and transactions linked to receipts.
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Select the examples of workers commonly found in Business, Management, and Administration work environments. Check all that apply.
C folds clothing in a department store.
S leads a meeting in a private conference room.
Jr works in a private office on a computer.
L sets up sound and camera equipment in a theater.
T sits at a desk and answers telephone calls and e-mails.
J measures distances on a construction site.
Answers
Answer:
2, 3, 5
Explanation: your welcome, love.
Every Business, Management, and Administration work employee are the persons work in the office do the paper work and mange all operational and financial work of the organization . Hence option C ; S ; T are correct options
Who is Management and Administration worker ?An administrative employee is someone who oversees other workers who are members of another trade union and who typically work in office administration, construction, security, or maintenance.
Employees who have a common interest with "supervisors" are included by this definition. A general manager, business manager, administrator, director, or other person who has operational or managerial control over, or who directly or indirectly manages, the day-to-day operations of a facility, organization, or agency is referred to as a managing employee.
Management is a methodical approach to controlling individuals and resources within an organization. The act of running the entire organization by a group of people is referred to as the administration.
Planning, coordinating, and coming up with solutions to streamline administrative systems and procedures appointing duties and office space, as well as hiring and training staff.
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What are some alternatives to Bankruptcy? (Select All that Apply)
Group of answer choices
Using your Credit Card for a cash advance
Obtaining help from consumer credit counseling
Having a friend or family member Co-sign for an auto loan
Reduction of payments
Payment of debts by selling or borrowing on property
Out of court settlement
Securing a Payday Loan
Answers
Answer:
obtain help from consumer credit counseling, reduction of payments
of the following options, which is not one of the functions of marketing research? question 21 options: manages and implements the data collection process designs methods for collecting information specifies the information required to address marketing issues communicates the findings and their implications applies research results to the marketing mix
Answers
The findings and their implications applies research results to the marketing mix is not one of the functions of marketing research. Marketing research is the methodical gathering, logging, and analysis of qualitative. The goal is to identify and assess how changing elements of the marketing mix influence consumer behaviour. The answer is option D
Interviews are a common part of primary market research and can range from in-depth discussions to simple questions. An example of a market research interview is when a business calls a current customer to ask how they are enjoying a product they recently purchased. Marketing research offers data that is consumer to decision-making, which helps marketing management. Marketing research neither chooses the path to take nor guarantees success.
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2. What does the word cost mean in the context, "understanding their costs and
income, budgeting to ensure all their expenses are covered is a financially
tsresponsible behavior"?
Answers
Answer:
Explanation: A budget is an estimation of revenue and expenses over a specified future period of time and is usually compiled and re-evaluated on a periodic basis.
The amount of money that a business had to spend on the production of its goods or services is known as the cost.
How does financial planning use budgeting?
The method of planning a company's earnings and expenses over a specific time period is known as financial budgeting. The management's financial plans are outlined in budgets.
The cost of a business's products or services is the sum of money that was required to produce them. Among other things, this entails allocating financial means and figuring out how much cash is available to spend.
Therefore, A financial budget is one that is concerned with the balance sheet of the business, which also includes the cash budget.
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QuickMovers limits the size of the packages it delivers to 75 pounds. This is
an example of what type of requirement?
O A. Internal
O B. Voluntary
O C. Government
O D. External
Answers
(If I’m right) mark as brainliest
Answer:
internal
Explanation:
i took the test
A bond with a $1,000 face value and a 10 percent annual coupon rate matures in 15 years. a. Determine the value of the bond to a friend of yours with a required rate of return of 13%. b. A zero coupon bond with similar risk is selling for $180. The bond has a face value of $1,000 and matures in 15 years. Your friend asks you which bond she should invest in
Answers
Based on the details given, the following are true:
a. Value of bond = $806.09b. Your friend should invest in the bond with $1,000 face valueValue of BondsFirst find coupon:
= 10% x 1,000
= $100
Bond A
= (Coupon x Present value interest factor of annuity, 13%, 15 years) + Face value of bond / ( 1 + 13%)¹⁵
= ( 100 x 6.462) + (1,000 / 1.13¹⁵)
= $806.09
Bond B
= Face value - Current value
= 1,000 - 180
= $820
In conclusion, Bond B is overvalued so your friend should pick Bond A.
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or any country, if the world price of zinc is higher than the domestic price of zinc without trade, that country should a.neither export nor import zinc, since that country cannot gain from trade. b.import zinc, since that country has a comparative advantage in zinc. c.neither export nor import zinc, since that country already produces zinc at a low cost compared to other countries. d.export zinc, since that country has a comparative advantage in zinc.
Answers
Answer:
D. Export zonce
Explanation:
Their domestic price is cheaper so it's a good strategy to export it in bulk numbers to make a profit. Take advantage of the price difference.
What activities are FBLA-PBL members most likely to participate in?
Answers
Answer:
FBLA-PBL members most likely to participate in business competitions and leadership conferences.
Answer:
leadership conferences
business competitions
Explanation:
who makes the final decision on ordering the product backlog?
a. Lead Developer
b. Scrum Master
c. Product Owner
d. Development Team
Answers
The Product Owner makes the final decision on ordering the product backlog.
The ultimate say on what further is added to the product backlog belongs to the product owner. Contrary to popular belief, anybody may order products from the product backlog, not just the product owner. The statement is untrue. It should be suggested that the product backlog be ordered by everyone who has a voice in how the project turns out. However, the product owner, who often is the sole person with ultimate authority, is in charge of allocating a backlog item's priority.
A list of all the tasks required to create and release your project is contained in the product backlog. Every team member should be able to comprehend the requirements for developing it thanks to the sufficient level of information in it. The project team or a business often includes product owners (PO) on its roster.
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1) Your client wants to primarily protect the family’s wealth.
1) Recommend the specific investments/products and 2) clearly
explain to your client why you recommend those
investments/products. Note
Answers
1. Diversified Portfolio: Recommend building a diversified investment portfolio that includes a mix of asset classes such as stocks, bond , real estate, and alternative investments.
Diversification helps spread risk and reduce the impact of any single investment's performance on overall wealth. It provides a balance between growth potential and stability.
The rationale behind these recommendations lies in the principle of diversification, which helps manage risk and stabilize investment returns. By diversifying across different asset classes and investment types, the client can benefit from a balanced portfolio that offers growth potential while mitigating downside risks. Additionally, the inclusion of retirement accounts and risk management products ensures long-term financial security and safeguards against unexpected events.
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Objective and subjective product criteria are developed during the ________ stage of the purchase decision process so that the decision can be made in the next stage.
Answers
Objective and subjective product criteria are developed during the alternative evaluation stage of purchase decision.
What is alternative evaluation?Alternative evaluation is the the third stage in the consumer buying decision. It refers to the stage in the buying decision process in which the buyer uses information gathered to make a final choice between the products in the evoked set.
The alternatives should reflect different approaches to the problem or different priorities across objectives, and should present decision makers with real options and choices
Hence, objective and subjective product criteria are developed during the alternative evaluation stage of purchase decision.
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Which one of the following statements is correct?A. A longer payback period is preferred over a shorter payback period.B. The payback rule states that you should accept a project if the payback period is less than one year.C. The payback rule ignores the time value of money.D. The payback rule is biased in favor of long-term projects.E. The payback rule considers the timing and amount of all of a project's cash flows.
Answers
A longer payback period is preferred over a shorter payback period statements is correct. The payback period ignores the time value of money and only takes into account cash flow up until the moment at which an entity's initial investment is recovered.
Opportunity costs are thus not taken into account throughout the payback period. Consequently, this is incorrect. The time worth of money is not taken into account by the repayment technique (no present value or IRR calculations are performed). Second, it excludes cash inflows that occur after the investment period and only takes into account cash inflows up to the point at which the investment's cash outflows are recovered. If project cash inflows are equal, the payback period is determined by dividing the original investment cost by the annual cash inflow.
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