Assuming Jacob can earn 7% interest rate annually on his investments, he should invest $14,795.78 each year to reach his goal.
To determine the amount that Jacob should invest each year so that he reaches his goal, we can use the future value of an annuity formula. This formula is:
FV = P * [(1 + r)^n - 1] / r
Where: FV is the future value of the annuity, P is the amount of each periodic payment, r is the interest rate per period, n is the number of periods.
In this case, we want to solve for P. The future value that Jacob wants to have when he retires is $2 million. The amount he has already set aside is $300,000. This means that the remaining amount he needs to accumulate is $2,000,000 - $300,000 = $1,700,000.
The interest rate per period is 7% / 12, since the investment is compounded monthly.
The number of periods is 20 * 12 = 240, since the investment period is 20 years and it is compounded monthly.
Substituting these values into the formula:
FV = P * [(1 + r)^n - 1] / r
$1,700,000 = P * [(1 + 0.07/12)^240 - 1] / (0.07/12)
Simplifying:
P = $1,700,000 / [(1 + 0.07/12)^240 - 1] / (0.07/12)
P = $1,700,000 / 114.866
P = $14,795.78
Therefore, Jacob should invest approximately $14,795.78 each year, so that he will reach his goal of having $2 million when he retires in 20 years, assuming that he can earn 7% per year on his investments.
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Answer the questions below as it relates to Targeting by Decile Grid: The Market Basket consists of the top 5 companies in the 3D printer business. In Q4 2019, the total number of 3D printers sold within the Market Basket was 10,000. Your company sold 2,000 printers which represent a 20% Market Share of this Market Basket. Assume that the Marketing Department has determined it will focus its efforts on 1,000 target accounts (customers) Using your knowledge of Targeting by Decile (3 Rows of 10 Columns (boxes) each); Title the first row AND complete the 10 columns in this row Title the second row AND complete the 10 columns in this row Title the third row AND complete the 10 columns in this row (the information in these 10 columns is NOT known with specific certainty but make it DIRECTIONALLY CORRECT)
The companies are listed alphabetically as placeholders, and the actual prioritization may vary based on various factors such as market analysis, customer data, and business strategies.
Title: Targeting by Decile Grid
Row 1: High Priority Accounts
Column 1: Company A
Column 2: Company B
Column 3: Company C
Column 4: Company D
Column 5: Company E
Column 6: Company F
Column 7: Company G
Column 8: Company H
Column 9: Company I
Column 10: Company J
Row 2: Medium Priority Accounts
Column 1: Company K
Column 2: Company L
Column 3: Company M
Column 4: Company N
Column 5: Company O
Column 6: Company P
Column 7: Company Q
Column 8: Company R
Column 9: Company S
Column 10: Company T
Row 3: Low Priority Accounts
Column 1: Company U
Column 2: Company V
Column 3: Company W
Column 4: Company X
Column 5: Company Y
Column 6: Company Z
Column 7: Company AA
Column 8: Company BB
Column 9: Company CC
Column 10: Company DD
The specific information in the 10 columns of each row is not known with certainty, but the general direction of prioritization is provided. The companies are listed alphabetically as placeholders, and the actual prioritization may vary based on various factors such as market analysis, customer data, and business strategies.
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EA19. 5.5 Prepare the journal entry to record the sale of 2,000 units that cost $8 per unit and sold for $15per unit.
Answer:
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Explanation:
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Which of the following characteristics of tourism services explains which guests need to be present when the service is being performed?
true or false; tourism is a major component of the economy of san antonio.
True tourism is a major component of the economy of San Antonio.
What are Tourist centers in San Antonio.The tourist center in San Antonio are
Natural Bridge Caverns Six Flags Fiesta Texas Tower of the Americas San Antonio Visitor Center SeaWorld San Antonio The San Antonio Museum of ArtSan Antonio Missions National Historical ParkThe DoSeum (children's museum The Alamo San Antonio River WalkAll these listed above attracts tourist from within and other countries there by boosting the economy of San Antonio in Texas in United States and making it the 4th largest tourist industry in the states and creating more jobs for the locals or any US citizens
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As the demand for goods and services decreases, job growth
a increases
b. decreases
C. remains the same
d. none of the above
Please select the best answer from the choices provided
A
B
С
D
Answer:
As the demand for goods and services decreases, job growth
C. remains the same
As the demand for goods and services decreases, job growth decrease. Thus, the correct option is B). decreases.
What will be the result of increased demand over the job growth?If the demand for a firm's output increases, then the firm will demand more labor as production will also increase, thus the job growth will increase.
If the demand of the goods and services decreases, then the production will decrease and the job growth will also decrease.
Hence, as the demand for the goods and services increases, the demand for labor will increase, the demand curve will shift to the right,
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Sibylle is an ordained minister. Sibylle's salary from her employing church last year was $52,000. The church did not designate any of her salary as housing allowance, Sibylle spent $12,400 to rent her home last year. How much of Sibyll's salary must be included when figuring net income for self-employment tax?
A minister should include all of their net earnings from self-employment in their net income when figuring the self-employment tax. A minister is treated differently than any other taxpayer. They must pay SECA (Self-Employment Contributions Act) tax, which is Social Security and Medicare tax.
A minister must pay SECA tax on their entire net earnings for the year, which include their salary plus any extra income they earn.The amount of self-employment tax that a minister is expected to pay is calculated by multiplying their net earnings from self-employment by the tax rate. As a result, the tax amount is determined by how much the minister earns from self-employment and the percentage of self-employment tax.
The amount of Sibylle's salary that must be included when calculating net income for self-employment tax is $52,000, as the church did not designate any of her salary as a housing allowance. Sibylle is unable to exclude any amount of her income from the self-employment tax because her employer did not designate any of her income as a housing allowance. Therefore, the net income from self-employment tax would be calculated as follows:
Net Income = Gross Income - Expenses
= $52,000 - $0
= $52,000
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Which document is also called as charter of the company
(i)
i MOA
Ú) Prospectus
Cij AO A
(W) Registration contificate
Answer:
a. Memorandum of Association
Explanation:
Memorandum of Association is the document also called the charter of the company. Memorandum of Association is the document created and formed during the registration and the formation of a limited liability company. Memorandum of Association defines the overall relationship with all the shareholders of the company and it is used to showcase the legal existence of a company.
To be a kindergarten teacher do you need university
Michelle needs to view and delete macros in a document. Which steps should she follow to perform this action?
Under the Developer tab, click the Macros button in the Code group, select the macro to delete, and press Delete.
What is the Macros button?
An alternative to keystrokes is the macro key. A key sequence is a set of keyboard, mouse, or menu operations connected to a command. Moreover, a program can be easily launched by pressing the macro key.
Michelle should follow these steps -
Open the document where the macros are located.
Click on the Developer tab.
In the Code group, click the Macros button.
A dialog box will appear, displaying the list of macros in the document.
Select the macro that needs to be deleted.
Press the Delete button.
It's worth noting that the other options are not correct steps. Pressing Alt+F8 will bring up the Macro dialog box, but it won't allow to delete macros. Pressing Alt+F11 will open the Visual Basic Editor, but it won't allow to delete macros either.
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How can public health decrease the economic impact on health care?
Answer:
First, healthier people are more economically productive. Better health also leads to an increase in savings rates—because healthier people expect to live longer and are naturally more concerned with their future financial needs. Another bridge between health and the economy is education.
Explanation:
It's very urgent
which of the following statements about corporation is true
1) they are more common then partnerships in the U.S.
2) they are the most inexpensive form of business to start.
3) they are very easy to start
4) all business debts are the personal responsibility of the owners
Answer: While not usual they can be held responsible for all business debts.
Explanation: If you pledge a asset as a collateral a creditor may be able to take said asset and sell it.
When Ellen buys a new computer for her accounting business, it is included in gross domestic product (GDP) as ________, and when she buys a new computer for personal use at home, it counts as ________.
a. consumption; consumption.
b. consumption; investment.
c. government purchases; consumption.
d. investment; investment.
e. investment; consumption.
Answer:
ITS A NEW COMPUTER IT SHOULD WORK FOR EVERYTHING YOU NEED
Explanation:
BUT I THINK A DESKTOP WILL DO BETTER
When Ellen buys a new computer for her accounting business, it is included in gross domestic product (GDP) as investment, and when she buys a new computer for personal use at home, it counts as consumption.
What is investment?
This can be referred to as all process of investing money in order to accrue profit at the end.
The investment in computers is to ensure that the business makes profit at the end of the period.
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3. Most employers will pay their employees by directly depositing their paycheck into their checking account. According to his check account statement, John was a paid Every .
A. $200.00, 3 weeks
B. $694.81, 2 weeks
C. $300.00, 1 month
D. $100.00, 2 weeks
Answer: B. $694.81, 2 weeks
Explanation:
John's payment will be an amount that is deposited into his account and therefore increases it. It will also have a detail that references it to being a salary such as wages, payroll, salary etc.
Looking at the statement, you will notice that there was a payroll payment of $694.81 on October 14,2018 which would make this John's salary. Two weeks later on October 28,2018, he got another payment which means that he gets paid twice a month and the salary is $694.81.
The payment made to John and its duration would be as follows:
B). $694.81, 2 weeks
Account StatementAs per the account details, the payroll payment dated 14th October 2018 displays an amount of $694.81.
This amount exemplifies his salary as the other transactions demonstrate withdrawals.
On 28th October 2018, he receives another payroll deposit of the same amount i.e. $694.81.
Therefore, it can be concluded that he is paid a sum of $694.81 every two weeks.
Thus, option B is the correct answer.
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who uses financial institutions?
Answer:Financial institutions encompass a broad range of business operations within the financial services sector including banks, trust companies, insurance companies, brokerage firms, and investment dealers. Financial institutions can vary by size, scope, and geography
Explanation:
Answer:
The answer is: comercial banks, investment banks, brokerage firms, insurance companies, and asset management.
nicole and jesse are looking to purchase their first home. what is the name of the loan they will secure to buy their house?
The loan that Nicole and Jesse will secure to buy their first home is commonly known as a "mortgage loan" or simply a "mortgage."
A mortgage loan is a type of loan specifically designed for purchasing real estate, such as a house or a condominium. It is a long-term loan provided by a lender, typically a bank or a financial institution, where the property being purchased serves as collateral for the loan.
When Nicole and Jesse obtain a mortgage loan, they will borrow a specific amount of money to finance their home purchase. The loan will be repaid over an extended period, usually ranging from 15 to 30 years, through regular monthly payments that include both principal and interest.
The mortgage loan agreement establishes the terms and conditions of the loan, including the interest rate, repayment schedule, and any additional fees or charges. The lender holds a lien on the property until the loan is fully paid off, giving them the right to foreclose on the property if the borrowers default on their payments.
Overall, a mortgage loan enables individuals like Nicole and Jesse to fulfill their dream of homeownership by providing them with the necessary funds to purchase a property while spreading the repayment over an extended period.
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Mrs. day structures a transaction to shift income from her 20y1 tax year to her 20y2 tax year. this tax planning strategy may be taking advantage of the:_________
Answer:
Mrs. Day's tax planning strategy of shifting income from her 20y1 tax year to her 20y2 tax year may be taking advantage of the concept of deferral.
Deferral refers to postponing the recognition of income or the payment of taxes to a later time period. By structuring the transaction in this way, Mrs. Day can delay the reporting of income and the associated tax liability to the following tax year.
This strategy can be beneficial for several reasons. Firstly, it allows Mrs. Day to have more control over her taxable income, potentially reducing her overall tax liability. By shifting income to a lower tax year, she may be subject to a lower tax rate or be eligible for additional deductions or credits.
Additionally, deferral can provide financial flexibility by allowing Mrs. Day to invest or use the income during the current year, potentially earning additional returns or meeting other financial obligations. This strategy can also help with cash flow management.
It is important to note that tax planning strategies should be implemented within the boundaries of tax laws and regulations to avoid any legal issues or penalties. It is recommended to consult with a tax professional or advisor for personalized guidance and to ensure compliance with applicable tax rules.
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explain the history of the country’s economy of cuba
Answer:
The economy of Cuba is a largely planned economy dominated by state-run enterprises.The country's economy had grown rapidly in the early part of the century, However, from 1996, the State started to impose income taxes on self-employed Cubans.
Explanation:
what is nursing ?why is it needed?
Answer: What type of nursing?
true or false: a buyer does not have any options when a seller violates the perfect tender rule. true false question. true
A buyer does have options when a seller violates the perfect tender rule. The perfect tender rule, which is a principle in contract law, states that the seller must deliver goods that conform exactly to the terms of the contract. Therefore, the given option is false.
The buyer can choose to accept the non-conforming goods and seek damages for any loss or harm caused by the seller's breach of contract. The damages can cover the cost of rectifying the non-conformity or any financial losses incurred due to the seller's actions.
The buyer can reject the non-conforming goods and refuse to accept them.
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What is a year-end? How does the timing of year-end financial statements differ from that of interim financial statements?
Year-end refers to the end of a company's fiscal or financial year, typically a 12-month period. It marks the completion of the financial reporting cycle for the company, where final financial statements are prepared to summarize its financial performance and position for the entire year.
The timing of year-end financial statements differs from that of interim financial statements in terms of frequency and scope. Year-end financial statements provide a comprehensive overview of the company's financial activities over the entire year and are prepared annually. In contrast, interim financial statements are prepared at interim periods, such as quarterly or semi-annually, and provide a snapshot of the company's financial performance during shorter timeframes.
Year-end represents the conclusion of a company's financial year, which is typically a 12-month period chosen by the company for financial reporting purposes. It could coincide with the calendar year (December 31) or differ based on the company's fiscal calendar. At year-end, companies prepare final financial statements, including the income statement, balance sheet, and cash flow statement, to provide a comprehensive overview of their financial performance and position for the entire year.
The timing of year-end financial statements differs from interim financial statements in terms of frequency and scope. Year-end statements are prepared annually, allowing companies to assess their financial results, make strategic decisions, and comply with regulatory requirements. They encompass the entire year's activities and provide a more comprehensive view of the company's financial health.
On the other hand, interim financial statements are prepared at interim periods, such as quarterly, semi-annually, or any other regular intervals chosen by the company. Interim statements offer snapshots of financial performance and position during these shorter timeframes. They provide stakeholders with timely information about the company's progress, allowing for more frequent assessments and analysis.
The timing and scope of year-end financial statements make them more detailed and audited, ensuring accuracy and reliability. They involve comprehensive audits or reviews by external auditors and are prepared in compliance with accounting standards and regulations. Interim financial statements may not undergo the same level of scrutiny and are often subject to limited review or may be unaudited.
In summary, year-end financial statements provide a comprehensive annual view of a company's financial performance, while interim financial statements offer periodic snapshots within shorter timeframes. The timing, frequency, and scope of preparation differ, with year-end statements being more detailed and audited.
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If you believe interests rates will fall, and are looking to make money due to the capital appreciation on bonds, should you buy them or short sell them?
If you believe interest rates will fall, it is generally advisable to buy bonds rather than short sell them in order to make money due to the capital appreciation. This is because when interest rates fall, bond prices tend to rise, leading to capital appreciation for bond holders. Short selling bonds would involve borrowing and selling bonds in the hopes of buying them back at a lower price, which is generally riskier and may not yield the same capital appreciation as buying and holding bonds.
what is capital appreciationCapital appreciation portfolios are designed to produce returns that are higher than inflation in order to provide investors with the potential to grow their wealth and purchasing power in the future.
Capital appreciation or capital gains refer to the rise in an investment's value.
A fund that seeks to increase asset value by investing primarily in high-growth and value stocks is known as a capital appreciation fund.
Safety, income, and capital gains are the top three reasons people invest. However, there are others that merit taking into account when making investment choices. Tax minimization: Some investors aim to reduce their tax liabilities when making decisions. The avoidance of portfolio losses and capital preservation are the two main goals of the conservative investment strategy known as "preservation of capital."
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Empathy involves _____.
feeling pity
active listening
feeling sorry
written communication
Answer:
active listening
Explanation:
Empathy involves making every effort to understand others FROM THEIR POINT OF VIEW. It means communicating an understanding of how THAT PERSON feels in a situation, NOT how YOU would feel in that situation.
Empathy is defined as “the feeling that you understand and share another person's experiences and emotions” or “the ability to share someone else's feelings”. Feeling sorry for a person automatically generates feelings of pity, which is not helpful in situations where people are in pain.
I hope this helps! :)
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Lower price for substitute products/services will
A. Increase Demand
B. Supply/Demand Equilibrium
C. Decrease Demand
1 , what are the agent of socialization
Answer:
Agents of socialization, or institutions that can impress social norms upon an individual, include the family, religion, peer groups, economic systems, legal systems, penal systems, language, and the media.
Explanation:
If the economy is in an expansionary period appropriate policies to pursue may include:_________
If the economy is in an expansionary period appropriate policies to pursue may include a reduction in government spending that shifts the AD curve to the left.
An economy is the area of production, distribution, trade and consumption of goods and services. Generally, it is defined as a social domain emphasizing practices, discourses, and material expressions related to the production, use, and management of scarce resources.
A standard definition of economics might describe it as: a social science focused on the satisfaction of needs and desires through the allocation of scarce resources with alternative uses. Economics can be said to be the study of scarcity and choice.
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Cain Company reports net cash provided by operating activities of $35,000. It also reports the following information under “Adjustments to reconcile net income to net cash provided by operating activities” on its statement of cash flows (using the indirect method).
It can be seen from the solutions given that Cain's net income is $24,000.
Here is the solution:Net income = Net cash provided by operating activities - Adjustments
= $35,000 - $6,000 - $10,000 + $4,000 + $7,000 + $4,000
= $24,000
Therefore, Cain's net income is $24,000.
Here is a breakdown of the adjustments:
To determine cash flow from operations, it is necessary to include the gain on equipment sales in the net income as it is a non-cash entry.
A rise in accounts receivable implies that customers are prolonging payment of their invoices, resulting in decreased cash flow from the company's activities.
The depreciation expense is classified as a non-cash expense, hence it must be included in the calculation of cash from operations by adding it back to the net income.
A decrease in inventory indicates that the company is experiencing faster turnover of its inventory, leading to increased cash flow generated by its operations.
A rise in prepaid expenses denotes that the company is channeling more funds towards prepaid expenditures like insurance and rent, implying a reduced cash inflow from its operational activities.
A decline in the amount of wages that the company owes indicates that it is not promptly compensating its workforce. Consequently, this implies that the company's operational cash flow is reduced.
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one of your friends who is enrolled in the college of business tells you: 'it's not important for me to understand it and information systems.' what evidence could you use to convince him that he is wrong?
If your friend thinks that it is not important to understand Information Systems, then you could use the following points to convince them:
Convince your friend that it is important to understand Information Systems as it is required for making strategic business decisions. Information Systems give a competitive edge to the business and help them stay ahead in the market. A business with efficient information systems can reduce operational costs, increase efficiency, and boost profits. Therefore, it is important for business students to have an understanding of Information Systems.
Information Systems refer to the collection of hardware, software, data, people, and procedures used to gather, store, process, analyze, and disseminate information for business purposes. It plays a critical role in the functioning of organizations. Information systems can automate business processes and increase efficiency, leading to cost savings and increased productivity. Information Systems can also help in making strategic decisions that could help organizations stay ahead of their competitors.
In a business context, understanding Information Systems is important for various reasons. Here are a few key reasons:
1. Strategic decision-making: Business leaders need to make informed decisions based on data and insights. The right information systems can help in this process by providing relevant information and insights into various business processes. By understanding how these systems work, students can develop a better understanding of how data is collected, processed, and analyzed, which will help them make better decisions in the future.
2. Competitive advantage: The right information systems can help businesses stay ahead of their competitors. Information Systems can automate various processes and provide valuable insights that can be used to improve business processes and enhance the customer experience. By understanding how Information Systems work, students can learn how to develop efficient systems that give businesses a competitive edge.
3. Career prospects: Knowledge of Information Systems is important for various roles in business, including marketing, finance, and operations. Students who understand Information Systems will have an advantage over their peers when it comes to job opportunities and career advancement.
Overall, understanding Information Systems is important for business students as it helps them make informed decisions, provides a competitive advantage, and enhances their career prospects. Therefore, it is important to educate your friend about the importance of understanding Information Systems to succeed in the business world.
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Is computer assembly a good job for a teenager? What is his income?
Answer:
yes if the teen educated in computer work.
no if not the person can be under.
annual income can be: $64,000
monthly pay can be: $5,333
for top earners.
75th Percentile :$48,500, $4,041
average pay-
Average: $44,053, $3,671
25th percentile-
25th Percentile $30,500 $, $2,541
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How important is money
Answer:
very important
Explanation:
money is a global income source for everyone. we all have different types but it is all still money. now say one country got rid of money and had people pay for stuff using other things. if china did that lots of different countries wouldn't be able to get stuff from there unless they had so much of that product they could just give it up.
explain why choosing a multi-threaded approach is more scalable as compared to a multi-process approach. describe how threads or processes share data between them.
The multi-threaded approach is more scalable than multi-process due to lower overhead and efficient sharing of memory.
Choosing a multi-threaded approach is more scalable compared to a multi-process approach for several reasons.
First, threads within a process share the same memory space, reducing the overhead of inter-process communication. This makes communication between threads faster and more efficient compared to inter-process communication in a multi-process approach, which requires additional overhead like context switching and serialization. Second, creating and managing threads is generally less resource-intensive than creating and managing processes, allowing for better scalability in terms of system resources. Finally, multi-threading can take advantage of modern multi-core processors, enabling concurrent execution and parallel processing, which can significantly improve performance.In both multi-threaded and multi-process approaches, data can be shared between threads or processes using various techniques like shared memory or message passing. In shared memory, threads or processes can access the same memory region directly, enabling efficient data sharing.
In message passing, threads or processes communicate by sending messages through a communication mechanism provided by the operating system or programming language. These mechanisms allow for synchronization, coordination, and data exchange between threads or processes, facilitating collaboration and shared computation.
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