A financial mechanism called group lending has formed as a response to the difficulties that people in underdeveloped areas have in obtaining loans. Instead of lending to a single borrower, it includes lending to a group of borrowers.
The three fundamental elements of group lending are social collateral, peer supervision, and joint liability. Joint liability places everyone in the organisation on equal footing with regard to loan repayment, fostering a sense of reciprocal accountability. Peer monitoring makes sure that participants keep an eye on one another's actions to ensure proper loan use and payback.
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Does the Federal Reserve pay taxes?
Answer:
Federal Reserve banks are exempt from paying taxes at the federal, state and local levels, except on real estate holdings. This is because of rules on taxation set forth in Section 7(c) of the Federal Reserve Act.
Explanation:
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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If a code of conduct is to be taken seriously, it must ______. a. Include every situation an employee might find themselves in b. Be applicable to every part of a business c. Be followed and enforced by the company’s owners d. Be short and to the point so everyone can read it quickly
Answer:
C. Be followed and enforced by the company’s owners
Explanation:
May I have brainliest please? :)
Theresa is buying a condo that costs $127,500. She has $8,300 in savings and earns $3,200 a month. Theresa would like to spend no more than 20% of her income on her mortgage payment. Which loan option would you recommend to Theresa? a. 30 year fixed, 6. 5% down at a fixed rate of 5% b. 30 year FHA, 3. 5% down at a fixed rate of 6. 5% c. 30 year fixed, 5% down at a fixed rate of 6. 25% d. 30 year fixed, 10% down at a fixed rate of 5. 75%.
Answer:a)30 year fixed, 6.5% down at fixed rate of 5%
Explanation:
Based on the information given, the loan option that would you recommend to Theresa is A. 30 year fixed, 6. 5% down at a fixed rate of 5%.
A loan simply means a form of debt that's incurred by an economic entity.
It should be noted that when an individual takes a loan, it's expected to be paid back in a particular period of time.
Therefore, the loan that will be recommended to Theresa is a 30 year fixed, 6. 5% down at a fixed rate of 5%. The reason is that it's cheaper when compared to other loan options.
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planning has the potential to slow an organization's ability to adapt quickly when needed. what might organizations utilize to avoid such a situation?
Planning is an essential aspect of organizational management. Planning has the potential to slow down an organization's ability to quickly adapt to changing situations.
The organization can utilize the following things to avoid such situations:
Agility: Agility is a company's ability to rapidly adjust to changing conditions. If the company is agile, it can quickly respond to any change in the market, such as technology, consumer demand, or new rivals. In an agile company, change is viewed as an opportunity rather than a problem. Therefore, businesses need to be agile to thrive and be successful.
Regular review and evaluation of the plan: The plan is just a map of where you want to go, but things can change, and you may need to change the plan to reach your destination. As a result, the organization needs to evaluate the plan regularly to ensure that it is still relevant and provides an accurate reflection of the company's objectives and priorities. Moreover, this helps ensure that the organization is flexible enough to quickly adapt to the changing business environment.
Flexible structure: The organization should have a flexible structure that can easily adapt to changes in the business environment. A rigid organizational structure slows down decision-making processes, making it challenging to respond quickly to changes. However, a flexible organizational structure promotes agility, creativity, and innovation.
Constant communication: Communication is critical in organizations. It is essential to communicate changes to employees regularly to ensure that everyone is aware of any changes that could affect their jobs or the company's operations. Therefore, constant communication can help to keep the organization moving in the right direction.
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suppose that due to unfavorable growing conditions, this year’s global coffee crop was unusually small. what can we assume about the short-run price elasticity of supply and demand for coffee?
The short-run price elasticity of demand will be inelastic and the short-run price elasticity of supply will be inelastic.
Elasticity of demand measures the relationship that exists between price and quantity demanded.
Elasticity of supply measures how quantity supplied changes when there is a change in the price of a good.
Types of elasticity.
Elastic demand (supply): This means that demand (supply) is sensitive to price changes Inelastic demand (supply): this means that demand (supply) does not respond to price changes. The coefficient of elasticity is less than one. Unit elastic demand (supply): demand (supply) changes in equal proportion. The coefficient of elasticity is equal to one.Factors that affect elasticity
The number of substitutes the good has: the more substitutes the good has, the more elastic demand is. The length of time: demand (supply) is inelastic in the short run. In the short run, producers (consumers) do not have enough time to find suitable substitutes. In the long run, producers would have more time to search for suitable substitutes or shift to the production of other goods when compared with the short-run.Ease of entry or exit into an industry: the more easy it is for firms to enter into an industry, the more elastic supply would be.To learn more about elasticity of demand, please check: https://brainly.com/question/13565779?referrer=searchResults
A company has issued a 2.5 year loan of 128,000 at a rate of 8.5 percent what amount will be repaid at the end of the term
At the end of the 2.5-year term, a loan of $128,000 with an interest rate of 8.5 percent will require a repayment amount that includes both the principal and the interest accrued over the period.
To calculate the amount that will be repaid at the end of the 2.5-year term, we need to consider both the principal amount and the interest accrued. The interest on the loan is calculated based on the interest rate and the time period.
In this case, the principal amount is $128,000, and the interest rate is 8.5 percent. To calculate the interest accrued over 2.5 years, we multiply the principal by the interest rate and the time:
Interest = Principal × Interest Rate × Time
Interest = $128,000 × 0.085 × 2.5
Interest = $27,200
The total repayment amount at the end of the term will be the sum of the principal and the interest accrued:
Total Repayment Amount = Principal + Interest
Total Repayment Amount = $128,000 + $27,200
Total Repayment Amount = $155,200
Therefore, at the end of the 2.5-year term, the company will need to repay a total amount of $155,200, which includes both the principal amount of $128,000 and the interest accrued of $27,200.
It's important to note that the repayment amount may vary depending on the specific terms and conditions of the loan agreement, including any fees or additional charges.
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while effective communication is necessary to increase responsiveness to customers, it plays a negligent role in innovation. group of answer choices
Communication things at all ranges of an innovation program, however it's especially essential in the course of the launch as you need to tell all people about the trade and clearly get them onboard.
Why response is fundamental in wonderful communication?An appreciation response is most likely to create a climate where honest, frank communication can occur. It is a feelings–oriented response which conveys sensitivity and understanding. Strong bad feelings can grow to be a barrier to communication; this response can scale down these feelings.
With positive communication, you perceive achievable returning clients and build their trust, increase choices with them by using supplying high-quality solutions, and engage with opportunities past the contemporary deal due to the have faith you've got created.
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https://brainly.com/question/26152499#SPJ4Lopez Corporation, a manufacturer of household paints, is preparing annual financial statements at December 31, 2007. Because of a recently proven health hazard in one of its paints, the government has clearly indicated its intention of having Lopez recall all cans of this paint sold in the last six months. The management of Lopez estimates that this recall would cost $800,000.
Requried:
What accounting recognition, if any, should be accorded this situation?
The accounting recognition to be accorded in this situation is operating expense of $800,000 and liability of $800,000.
Basically, an accounting recognition refers to the act of recording a business transaction in the firm's accounting records.
Because the management of Lopez estimates that this recall of all cans of paint sold in the last six months would cost $800,000, then, the entry will be as followsIn conclusion, the accounting recognition to be accorded in this situation is operating expense of $800,000 and liability of $800,000
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Which of the following items have inelastic demand? (Remember: items that are "wants"
and/or have many substitutes tend to be elastic. Items that are "needs" and/or have few
substitutes tend to be inelastic.) Select all that apply.
The situation that have inelastic demand are:
Very costly goodsVery cheap goodsWhat is an inelastic demand?This class of demand is one where the change in quantity demanded due to a change in price is very small.
Hence, when there is very costly goods or cheap good, the inelastic demand can happens
Therefore, the Option C is correct
Missing options " A. Very costly goods. B. Very cheap goods.C. Both A and B. "
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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.
What is a mass number
easy career question above
which is an example of an e-marketplace? question 31 options: an e-auction an internet service provider an e-distributor a uniform resource locator
An e-auction is an example of an e-marketplace as it allows buyers and sellers to interact directly and engage in bidding activities.Option (a)
An e-marketplace is an online platform that connects buyers and sellers to facilitate transactions. An example of an e-marketplace is an e-auction, where buyers and sellers come together to bid on goods or services. In an e-auction, the seller typically sets a minimum price and buyers compete to offer the highest bid. The seller then sells the item to the highest bidder.
In contrast, an internet service provider is a company that provides access to the internet, but it does not facilitate transactions between buyers and sellers. An e-distributor is a company that distributes products or services to consumers, but it may not necessarily operate as an e-marketplace. A uniform resource locator (URL) is simply a web address that identifies a specific website, and is not an example of an e-marketplace.
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Full Question: which is an example of an e-marketplace? question 31 options:
an e-auction an internet service provider an e-distributor a uniform resource locatorAt a local grocery store, they sell a Visa card that has a prepaid amount on it. People can use this card anywhere, but it cannot be used for more than its prepaid value. Which type of card is this?
A.
a debit card
B.
a smart card
C.
a stored value card
D.
a retail credit card
The type of the card is a Retail Credit card. Hence the option (D) is the correct one.
What is the function of retail credit cards work?For retail credit cards, an image You can potentially obtain benefits at some retail establishments if you have a retail store credit card.
Decide if you want a card that restricts the retailers with which you may earn rewards or one that enables you to earn rewards for regular purchases. Benefits could consist of privileged access to funding, exclusive deals, discounts, and awards.
For instance, paying in whole for a motorcycle costing $10,000 would be excessive for a buyer.
Consumer will receive a $10,000 loan from retail credit institutions, which will be repaid with interest over a period of time in the form of monthly installments.
Hence the correct option is (D).
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Debbie has $60 to spend on clothes. She wants to buy a pair of jeans for $18 and spend the rest on t-shirts. Each t-shirt costs $8. At most, how many t-shirts can she buy?
Answer:
6
Explanation:
6*8=48, 48+12=60
Answer:
She can only buy 5 shirts
Explanation:
60-18=42
42 divided by 8 is about 5
Whoever says I WIN first gets a brainliest
Answer:
I WIN
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Answer:
i win
Explanation:
:))))
Present value) What is the present value of the following future amounts? a. $900 to be received 9 years from now discounted back to the present at 9 percent. b. $300 to be received 6 years from now discounted back to the present at 8 percent. c. $1,000 to be received 12 years from now discounted back to the present at 3 percent. d. $1,200 to be received 5 years from now discounted back to the present at 18 percent. a. What is the present value of $900 to be received 9 years from now discounted bagk to the present at 9 percent S(Round to the nearest cent.)
The present value of $900 to be received 9 years from now, discounted back to the present at 9 percent, is approximately $436.38.
To calculate the present value of future amounts, you can use the formula for present value:
Present Value = Future Value / (1 + Interest Rate)^n
Where:
Future Value = Amount to be received in the future
Interest Rate = Discount rate
n = Number of years
a. $900 to be received 9 years from now discounted back to the present at 9 percent:
Present Value = $900 / (1 + 0.09)^9
Present Value = $900 / (1.09)^9
Present Value ≈ $436.38 (rounded to the nearest cent)
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Bonnie claims single with 2 federal withholding allowances, and contributes state tax of 20% of her federal tax. Below is a copy of Bonnie's biweekly statement of earnings. Bonnie knows that her gross earnings and federal tax are correct, but she thinks that her net pay is not correct.
Answer:
The given net pay is not correct because the Medicare is not 1.45% of her gross pay. The Medicare should be $11.02, making the correct net pay $641.86.
Explanation:
Which of the following does the principal owe to the agent? Group of answer choices Notification. Obedience. Compensation. Performance.
Compensation is the answer.
In general, the principal has the following duties to the agent: compensation duty, reimbursement duty, and. The duty of the agent to indemnify.
The principal has certain contractual duties to its agent. The principal duties of the agent to the agent include: Compensate the agent as agreed. When. To indemnify and protect representatives from claims, responsibilities, and costs arising from the proper performance of duties assigned by clients.
Please note that the agent has two main obligations. Certain obligations (duty of loyalty) and other general obligations are permitted by the law of agency. Recognize that principals have an agent obligation: contracts, torts, and workers' accident compensation.
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B) calculate the manufacturing cost per towel under absorption costing
c) prepare an absorption - costing income statement for empey manufacturing
Empey Manufacturing produces towels to be sold as souvenirs at sporting events throughout the world. Assume that units produced equalled units sold in 2020. The company's variable-costing income statement and other data are as follows: $580,285 EMPEY MANUFACTURING Income Statement Year Ended December 31, 2020 Variable Costing Sales (269. 900 units) Variable cost of goods sold $269,900 Variable selling expenses 21. 592 Variable administrative expenses 32,388 Contribution margin Fixed manufacturing overhead 94465 Fixed selling expenses 37,500 323,880 256,405 Fixed administrative expenses 42. 800 174765 Net Income $81,640 Unit selling price $2. 15 Variable costs per unit Direct material 0. 20 Direct labour 0. 40 0. 40 Variable overhead Variable selling expenses Variable administrative expenses 0. 08 0. 12 Calculate the manufacturing cost per towel under variable costing (Round answer to 2 decimal places, es 15. 25. ) Manufacturing cost $ per towel
Net income $168,008, To calculate the manufacturing cost per towel under absorption costing, we need to include all manufacturing costs, both variable and fixed.
Manufacturing cost per towel under absorption costing:
= (Direct materials + Direct labor + Variable overhead + Fixed overhead) / Units produced
Direct materials per unit = $0.20
Direct labor per unit = $0.40
Variable overhead per unit = $0.08
Fixed overhead per unit = Total fixed overhead / Units produced
= $94,465 / 269,900
= $0.35
Manufacturing cost per unit = $0.20 + $0.40 + $0.08 + $0.35
= $1.03
Therefore, the manufacturing cost per towel under absorption costing is $1.03.
To prepare an absorption-costing income statement for Empey Manufacturing, we need to allocate fixed manufacturing overhead to each unit produced and sold. This is done using the predetermined overhead rate:
Predetermined overhead rate = Total fixed manufacturing overhead / Units produced
= $94,465 / 269,900
= $0.35 per unit
Absorption costing income statement:
Sales revenue (269,900 units x $2.15) $580,285
Cost of goods sold:
Direct materials (269,900 units x $0.20) $53,980
Direct labor (269,900 units x $0.40) $107,960
Variable overhead (269,900 units x $0.08) $21,592
Fixed overhead (269,900 units x $0.35) $94,465
Total cost of goods sold $277,997
Gross margin $302,288
Less: Selling expenses:
Variable (269,900 units x $0.08) $21,592
Fixed $37,500
Total selling expenses $59,092
Contribution margin $243,196
Less: Administrative expenses:
Variable (269,900 units x $0.12) $32,388
Fixed $42,800
Total administrative expenses $75,188
Net income $168,008
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answered
Sita and Zoya are two friends
belonging to Hindu and Muslim
religion. They start a
business of handicrafts together. They decide to
open the factory in rural area and give
employment opportunities to local residents.
a) Which form of business organisation have they
opted?
1 SEE ANSWER
They have chosen the partnership business structure:
Describe a partnership:In a partnership, parties who are referred to as business partners agree to work together to further their shared objectives. Individuals, companies, interest-based organizations, schools, governments, or combinations of these may be the partners in a partnership.
What is a partnership and what are its benefits?If there are less than 20 people involved and restricted liability is not required, think about forming a partnership. One benefit of a cooperation is that: Two or more heads are preferable to one. Your company is simple to launch and has modest startup expenses. The business has access to extra funding.
Briefing:In small- and medium-sized businesses, partnerships are a common type of company structure. One individual is unable to manage the growing scale of the company on their own. Therefore, a partnership between two or more people is formed to conduct business. The issue with sole proprietorships is beginning to be solved by this type of firm.
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the short-run supply curve for a firm in a perfectly competitive market is
Answer: The portion of its marginal cost curve that lies above its minimum average variable cost.
Explanation:
The firm start producing if the price is above min(AVC) and the marginal cost is a schedule of suppliers willingness to supply at the minimum price so the suppliers start supply above min(AVC) on MC so the supply curve is the portion of MC curve that is above min(AVC).
The short-run supply curve for a firm in a perfectly competitive market is :
The part of the marginal cost curve that exceeds the minimum average variable cost. The company starts production when the price exceeds the minimum (AVC), and the marginal cost is the supplier's willingness to deliver at the lowest price so that the supplier starts shipping above the minimum (AVC) in MC. Is a list of. Share. The MC curve above min (AVC).Learn more :
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If the budget constraints of a worker, given by c= w(24 – t) + m, where c is consumption, 8 ≤t≤ 24 is his hours of free time, w is the wage rate and m is the fixed income. Assuming the individual likes consumption more than free time and let there be only two choices: Do not work and receive unemployment benefit of $50 (m=$50) or work for the only available job offering 5 hours of work at $5/hr (m = $0 and w=$5). What is the value of her consumption (do not put the $ in your answer)?
The value of her consumption for the two choices are: Choice 1 (not working): $50 Choice 2 (working for 5 hours): $25
To determine the value of the worker's consumption, we need to evaluate the budget constraint for each choice and calculate the corresponding consumption level.
Choice 1: Not working (unemployment benefit)
m
= $50
t
= 24 hours
w
= $0 (no wage)
Using the budget constraint equation:
c
= w(24 - t) + m
c
= $0(24 - 24) + $50
c = $50
Choice 2: Working for 5 hours at $5/hr
m
= $0
t
= 24 - 5
= 19 hours
w
= $5 (wage rate)
Using the budget constraint equation:
c
= w(24 - t) + m
c
= $5(24 - 19) + $0
c
= $25
The worker would have a higher consumption value of $50 if she chooses not to work and receives the unemployment benefit.
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The founders of the U.S. wanted to avoid establishing a permanent aristocracy or group of wealthy families who could control a great deal of the nation’s wealth. How is this idea related to estate and gift taxes?
Answer:
There are two points that I would like to single out that are very similar. First by implementing tax and gift taxes, Founding Father wanted to weaken families and business of that time, since there was a threat that rich families could become permanent aristocracy which over time could lead to the point where that families will rule the US. Second, by implementing those two taxes, government is taking a share from receivers since the receivers are getting some good that they did not earn it, they have just received it as a gift or as an estate. This way inheritance or gift would be of a much lesser value then it was before someone’s death or before someone made a gift. This was important because wealth of powerful families would just accumulate and grow so government of that time, strictly out of political reasons, prescribed those two taxes, so that the wealth will be smaller of value after tax.
The idea of avoiding an aristocracy by the founders of USA is related to estate and gift taxes because:
There was a need to reduce the influence of the wealthyAccording to the given question, we are asked to show the link which the founders of America had to preventing aristocracy and imposing estate and gift taxes.
As a result of this, we need to remember than an aristocracy is a government based on the wealthy and influential members of the society and this was one of the things which the Founding Fathers of America sought to prevent.
With this in mind, we can see that they imposed gift and estate taxes which was specifically targeted at the extremely wealthy so that their influence would be reduced and the country would not become an aristocracy.
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Why is it important to have a digest of deposition transcript prepared before a trial? to make it easier for the lawyer to find relevant information
Having a digest of a deposition transcript prepared before a trial is important for several reasons, with one key reason being to make it easier for the lawyer to find relevant information.
A deposition transcript is a record of sworn testimony given by a witness outside of the courtroom setting. It can contain a significant amount of information, including details, facts, and statements that may be relevant to the case.
Preparing a digest involves creating a concise summary or index of the deposition transcript, highlighting the key points, issues, and testimony. This allows the lawyer to quickly locate and reference specific sections of the deposition during trial preparation or in the courtroom.
A digest helps the lawyer efficiently navigate through the transcript, saving time and effort that would otherwise be spent searching for relevant information. It aids in identifying critical evidence, identifying inconsistencies or contradictions in witness statements, and preparing effective cross-examinations. By having a well-organized digest, the lawyer can effectively use the deposition testimony to support their case strategy and present a compelling argument in court.
In summary, having a digest of a deposition transcript prepared before a trial streamlines the review process, enhances trial preparation, and enables the lawyer to effectively utilize the relevant information during trial proceedings.
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Complete the following by calculating the cash discount and net amount paid: (If more than one discount, assume date of last discount.) Date of Gross amount of invoice (freight charge already included
The cash discount is $26.00 and the net amount paid is $624.00.
To calculate the cash discount and net amount paid, we need to consider the terms of the invoice and the date of payment. The terms of the invoice state "4/10, 2/15, n/30." This means that if the payment is made within 10 days, a 4% discount can be applied. If the payment is made within 15 days, a 2% discount can be applied. Otherwise, the full amount is due within 30 days.
The date of payment is given as 8/15. Since this falls within the 10-day period, the 4% cash discount can be applied.
To calculate the cash discount, we multiply the gross amount of the invoice ($650) by the discount rate (4% or 0.04):
Cash discount = $650 * 0.04 = $26.00
The net amount paid is the gross amount minus the cash discount:
Net amount paid = $650 - $26.00 = $624.00
Therefore, the cash discount is $26.00, with a net payment of $624.00.
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You will receive RM2,000 a month for ten years. If you can earn
7 percent on your money, what is the total present value today?
A. RM195,363.33 B. RM175,411.06 C. RM191,328.20 D.
RM172,252.71
Therefore, the total present value today is approximately RM191,328.20 (RM1,744 × 110). Thus, option C, RM191,328.20, is the correct answer.
The total present value today is RM191,328.20. This is calculated by using the formula for present value of an ordinary annuity, which takes into account the monthly payment of RM2,000, the interest rate of 7 percent, and the duration of ten years. The formula is PV = PMT × [(1 - (1 + r)^(-n)) / r], where PV is the present value, PMT is the monthly payment, r is the interest rate per period, and n is the number of periods.
To calculate the total present value today, we can use the formula for the present value of an ordinary annuity. In this case, we are receiving RM2,000 per month for ten years, and the interest rate is 7 percent.
The formula for the present value (PV) of an ordinary annuity is: PV = PMT × [(1 - (1 + r)^(-n)) / r]
Here, PMT represents the monthly payment (RM2,000), r is the interest rate per period (7 percent), and n is the number of periods (120 months, as there are 12 months in a year for ten years).
By plugging these values into the formula, we can calculate the present value as follows:
\(PV = RM2,000 × [(1 - (1 + 0.07)^(-120)) / 0.07] = RM2,000 × [(1 - 1.07^(-120)) / 0.07] ≈ RM2,000 × (1 - 0.128) ≈ RM2,000 × 0.872 ≈ RM1,744\)
Therefore, the total present value today is approximately RM191,328.20 (RM1,744 × 110). Thus, option C, RM191,328.20, is the correct answer.
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You’ve recently learned that the company where you work is being sold for $500,000. The company’s income statement indicates current profits of $25,000, which have yet to be paid out as dividends. Assuming the company will remain a "going concern" indefinitely and that the interest rate will remain constant at 9 percent, at what constant rate does the owner believe that profits will grow?
Assuming the company will remain a "going concern" indefinitely and that the interest rate will remain constant at 9 percent, the owner believes that profits will grow at the constant rate of 4 percent.
Using the Gordon Growth Model, we can calculate the constant growth rate. The Gordon Growth Model is commonly used to estimate the intrinsic value of a stock by assuming that dividends (or profits) grow at a constant rate indefinitely.
Stock Price = Dividends / (Discount Rate - Growth Rate)
Putting the values in the above,
$500,000 = $25,000 / (0.09-Growth Rate)
(0.09-Growth Rate) = $25,000 / $500,000
Growth Rate(g) = 0.04
Taking it in percentage, we get 4 percent.
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You purchase $300 worth of the same stock every quarter for one year at prices per share of $15, $12, $10, and $20, respectively. By using this dollar-cost averaging strategy, you paid less overall than the average share price of $14.25. What was the average cost per share that you paid?
please help
Answer:
An apple, potato, and onion all taste the same if you eat them with your nose plugged
Explanation: