you expect to receive $4,000 upon your graduation and will invest your windfall at an interest rate of .61 percent per quarter until the account is worth $5,425. how many years do you have to wait until you reach your target account value?
Answers
The answer to the question is 8.5 years.
This is calculated by taking the initial amount of $4,000 and multiplying it by (1 + 0.61%)^34 (34 quarters in 8.5 years). This yields a final amount of $5,425, which is the target account value.
The reason this calculation works is because of the power of compounding interest. Every quarter, the interest earned on the initial $4,000 is added to the balance, and then upon the next quarter, the interest is calculated on the new balance.
This process continues, and over a period of 8.5 years, the amount of interest earned each quarter accumulates, resulting in the final account balance of $5,425.
The importance of compounding interest can not be understated. Those who understand the power of compounding interest can take advantage of it to achieve their financial goals.
It is important to take steps to ensure that your money is invested in a way that will earn you the most interest possible, and to be aware of the length of time it will take to reach your desired account balance.
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Related Questions
choose ONE of the following home-based activities in which family members can work together as a unit and explain TWO ways in which the involvement of the children in the chosen activity can prepare them for the world of work.
Answers
While parents, family, and community members may assume specific roles as they become involved in the education of children, for example as volunteers in the classroom (see Epstein and Connors' typology, 1993), a synthesis of the literature reveals three overarching roles that are created in the development and implementation of parent and community involvement programs (Lyons, Robbins and Smith, l983; Lynn, l994). Each of these roles is actualized in very different ways in relationships in classrooms, schools, and school districts:
Parents as the primary resource in the education of their children is best exemplified in home learning. Home learning is the activity, or set of activities, that parents and family members may engage in to help their children succeed academically. This partnership role between parents and/or family members and schools may have the greatest impact on achievement.
Parents and community members as supporters and advocates for the education of their children is facilitated through site-based school restructuring. Restructuring schools to create parent and community partnerships with schools focuses on organizational structure. Changing activities; creating new relationships between parents, families, communities, and schools; and implementing innovative strategies are ways that schools can restructure to facilitate parent and community involvement in this role.
Parents and community members as participants in the education of all children incorporates a broader vision in the partnership between schools and the populations they serve. Districtwide programs provide the vehicle for parents and community members to be involved in roles that reach beyond the immediate impact of an individual child to the impact on all children in the district.
Select the education or qualification that is best demonstrated in each example. Freda interviews a famous local athlete on a television news show. Essie gets a four-year college degree in journalism. Lester creates a chart mapping out all the news stories a newspaper will publish over the next week. Ramon identifies sources of information and sorts out facts.
Answers
Answer:
1. communication skills 2. bachelors degree 3. planning and organizational skills 4. research skills
Explanation:
took the test
Answer:here’s the answer for this question
Explanation:edge2023
several major u.s. retailers have opened manufacturing plants overseas. these manufacturers represent which strategic option for entering into the international marketplace?
Answers
Direct ownership is the strategic option for entering into the international marketplace which the US retailers have used abroad.
What is meant by direct ownership in strategic options?This is the term that is used to tell us that a particular firm is owned by only one person or a single entity and that they have no partners in the market abroad.
This tells us that these United States companies that are abroad only have themselves as the ones operating the businesses. Hence we can say that Direct ownership is the strategic option for entering into the international marketplace which the US retailers have used abroad.
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The index model has been estimated for stocks A and B with the following results:RA = 0.01 + 0.8RM + eA.RB = 0.02 + 1.2RM + eB.σM = 0.20; σ(eA) = 0.20; σ(eB) = 0.10.The standard deviation for stock A isA. 0.0656.B. 0.0676.C. 0.2561.D. 0.2600.σA = [(0.8)^2(0.2)^2 + (0.2)^2]^1/2 = 0.2561.
Answers
The standard deviation for stock A is 0.2561. The question asks for the standard deviation for stock A given the index model estimates: RA = 0.01 + 0.8RM + eA and RB = 0.02 + 1.2RM + eB, with σM = 0.20, σ(eA) = 0.20, and σ(eB) = 0.10.
To calculate the standard deviation for stock A (σA), we will follow these steps:
1. Square the beta coefficient (0.8) of stock A: (0.8)^2 = 0.64.
2. Square the market's standard deviation (σM): (0.2)^2 = 0.04.
3. Multiply the results from steps 1 and 2: 0.64 * 0.04 = 0.0256.
4. Square the standard deviation of the error term (σ(eA)) for stock A: (0.2)^2 = 0.04.
5. Add the results from steps 3 and 4: 0.0256 + 0.04 = 0.0656.
6. Take the square root of the sum obtained in step 5: √0.0656 ≈ 0.2561.
So, the standard deviation for stock A (σA) is approximately 0.2561, which corresponds to answer choice C.
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According to the Small Business Administration, the percentage of businesses that
survive the first five years is about
Answers
Answer:
50%
Explanation:
what is a living will?
Answers
Answer:
A living will is a document that spells out what your wishes are if you're still alive, but unable to speak for yourself.
Explanation:
Answer:
A living will, despite its name, isn't at all like the wills that people use to leave property at their death. A living will, also called a directive to physicians or advance directive, is a document that lets people state their wishes for end-of-life medical care, in case they become unable to communicate their decisions. It has no power after death.
If you’re helping someone with their estate planning (or doing your own), don’t overlook a living will. It can give invaluable guidance to family members and healthcare professionals if a person can’t express his or her wishes. Without a document expressing those wishes, family members and doctors are left to guess what a seriously ill person would prefer in terms of treatment. They may end up in painful disputes, which occasionally make it all the way to a courtroom.
What is the meaning of time recovering
Answers
Answer:
to recover a wound
Explanation:
time to recover the sentence shows recover what can possibly recover ofcource a wound.
Side effects of anabolic steroid use in males include which of the following? A. Timidity. B. Shrinkage of sex organs. C. Greatly increased hair growth. D. Increased body fat.
Answers
Answer:
It’s B 100%
Explanation:
Answer: b
Explanation:
Bill Gates has been described as task oriented and diligent. Which key leadership trait does this exemplify
Answers
Task-oriented and conscientious have been mentioned as qualities of Bill Gates. This is an example of the leadership quality of determination.
William Henry Gates III is a business tycoon and philanthropist from the United States who was born on October 28, 1955. Along with his late boyhood buddy Paul Allen, he co-founded Microsoft. Bill Gates served as chairman, CEO, president, and chief software architect during his tenure at Microsoft. He also served as the company's largest individual shareholder until May 2014. He played a significant role in the microcomputer revolution of the 1970s and 1980s as an entrepreneur. Seattle is where Gates was born and raised. He and Allen established Microsoft in Albuquerque, New Mexico, in 1975.
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steven is preparing the balance sheet for the company. where can he show the amount for the supplies bought on credit? a. under profit b. under assets c. under liabilities d. under investments
Answers
The correct option is b) under asset . Steven should show the amount for the supplies bought on credit under assets on the balance sheet. Supplies bought on credit are considered an asset because the company has the right to use them for its operations, even though payment has not yet been made.
Steven should list the supplies bought on credit as a current asset under the "Accounts Receivable" category on the balance sheet. This will show the amount owed to the supplier for the supplies purchased on credit, which will eventually be paid off.
It's important to note that if the payment for the supplies is due within a year, then they will be listed as a current asset. However, if the payment is due after a year, then they will be listed as a long-term asset.
In summary, Steven should list the amount for the supplies bought on credit as a current asset under the "Accounts Receivable" category on the balance sheet to accurately reflect the financial position of the company.
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Damaged goods which can be sold are reported in inventory at
a. realizable value
b. net realizable value
c. normal selling price
d. cost
Answers
Answer:
net realizable value
Explanation:
Items that are damaged but still sellable are recorded in inventory at their net realisable value.
Is the net realisable value of the inventory reported?In the lower cost or market method of accounting reporting, net realisable value is a crucial measure. The inventory of the company must be reported on the balance sheet at a lower value than either the historical cost or the market value under the market method reporting technique.
What is the damaged or obsolete products' net realisable value?Sales price + the cost of conducting the sale constitutes the item's net realisable value for damaged or obsolete goods. The rationale behind the retail inventory method is that it will help us determine the cost-to-retail ratio more accurately.
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Tom is the CEO of a jewelry business based in Boston. He needs to send a parcel of 200 diamonds as quickly as possible to a partner in Canada. What mode of transport should he use?
A.
road
B.
sea
C.
air
D.
rail
E.
rail and road
Answers
( help please )
Which two types of Sales Channels sell primarily to other businesses?
(Choose two)
A. B2B
B. Wholesale
C. Online
D. Direct-to-Consumer
E. Retail
Answers
Two sales channels where businesses sell to other businesses are:
A. B2B B. WholesaleB2B stands for business to business and it refers to situations where a business sells goods or services to another business. Examples of this include:
manufacturer to retail manufacturer to wholesale manufacturer to manufacturerWholesale businesses buy things in bulk and then sell to small scale businesses which then sell to consumers. Wholesalers are therefore considered middlemen which get goods from manufacturers and sell to smaller businesses.
In conclusion, both B2B businesses and wholesalers sell to other businesses instead of individual consumers.
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Answer: B. Wholesale
A. B2B
Explanation:
How are sales leads generate?
Answers
Answer:
A sales lead is identified via marketing and advertising, referrals, social media, networking and outreach, product trials, or consultations. A lead does not become a prospect until they've been qualified to determine their level of interest and fit as a potential customer
Explanation:
resorses from
https://blog.hubspot.com/sales/how-salespeople-can-generate-their-own-leads#:~:text=A%20sales%20lead%20is%20identified,fit%20as%20a%20potential%20customer.
Seven years ago, Elise Damato started a business specializing in dog walking and dog grooming. After the first year, her pet food supplier started giving Elise a cash discount of 2.25% on any amount paid within 15 days of the invoice date. On October 25, Elise bought pet food costing $1,064. On November 8, Elise paid $800 on the purchase. Compute the unpaid balance. (This problem involves the partial payment of an invoice within the discount period.)
Answers
Answer:
The answer is $246
Explanation:
Solution
Recall that:
The cash discount from the supplier = 2.25%
Elise purchased pet food for an amount = $1064
On 8 November she paid for a purchase of = $800
The next step to take is to calculate for he unpaid balance as stated from the question given.
Now,
The total amount due = 1064
The amount paid within the period of credit =$800
The cash discount = 2.25%
The corresponding amount of payment before credit for cash discount is = (B/1-C)
Which is = 800/1-2.25%
800/0.977
=818.4
Therefore the unpaid balance is = $1064-818.4
= 245.6 or 246
A card game is being played and the 5 of spades, 9 of spades, 10 of spades, and 10 of hearts are drawn from a single deck. In order to win, the next card the player draws from the deck must be higher than the highest card already drawn. What is the probability that the next card the player draws is a winning card? (An ace is considered to have a value of 1 and jacks, queens, and kings have a value of 10.) Hint: A deck has 52 cards, 4 suits, and each suit has A, 2, 3, 4, 5, 6, 7, 8, 9, 10, J, Q, K.
Answers
The likelihood that the following card will be higher than the previous highest card (5 of spades, 9 of spades, 10 of spades, and 10 of hearts) is 20/47, or roughly 42.55%.
How likely is it that you'll get a heart and a spade?A standard deck of cards contains 52 cards. There are 13 hearts and 13 spades. Therefore, there is a 50/50 probability of receiving a heart or a spade.
What percentage of a 52-card deck are spades?Each of the four suits—Clubs, Hearts, Diamonds, and Spades—has 13 cards, for a total of four suits. Hearts and diamonds are red; spades and clubs are both black.
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A car has a base price of $23,800.00. Options cost $356.00, $785.00, and $900.00 for stereo, wheels and paint. Destination charges are $640.00. The dealer pays 82% of the base price and 75% of the options. Determine the sticker price.
$25,000.00
$23,800.00
$26,481.00
$25,841.00
Answers
The sticker price of the car is $26,481.00 based on the component costs provided
What is the sticker price of the car?
The sticker price of the car comprises the retail price, the cost of options as well as the destination charges, which is also referred to as the cost for economy mileage, bearing in mind that sticker price is the price of car written on a sticker and affixed to a car.
The sticker price=base price+cost of stereo+cost of wheels+cost of paint+destination charges
base price= $23,800.00
cost of stereo=$356.00
cost of wheels=$785.00
cost of paint=$900.00
destination charges=$640
sticker price=$23,800.00+$356.0+$785.00+$900+$640.00
sticker price=$ 26,481.00
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The figure in the amount column is sometimes referred to as 'cumulative balance'. Why is it referred to in this way?
Answers
Answer:
Explanation:
For each transaction, you add to the previous balance to keep a running total.
How can a financial service provider—like a bank or credit union—help you manage and protect your money?.
Answers
Your money is kept safe in a bank account, which makes it simple for you to spend and save. But if you only see your checking and savings accounts as somewhere to store your hard-earned money, you're not taking use of all the current banking tools at your disposal. Your bank really provides a variety of features that can improve your money management and allow you to keep more of it in those accounts. Here are six features of modern banking that can help you get a better handle on your money.
1. Low Balance Alerts
2. Online and Automatic Bill Pay
3. Sub-Accounts for Savings
4. Automatic Savings Deposits
5. Online and Mobile Budgeting Tools
6. Mobile Check Deposit
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about how long will it take Levi’s investment of $350 to double if it earns 14.5% simple interest?
A. 5 years
B. 6 years
C. 7 years
D. 8 years
Answers
Answer:
A. 5 years
Explanation:
Present value = $350
Future value = $700
Interest = 14.5%
Number of years = Nper (-Pv, Fv, I)
Number of years = Nper (-350, 700, 14.5%)
Number of years = 5.119080084
Number of years = 5 years
what is the common link between such events as hurricane katrina, loss of major employer, and physical violence to gay men:
Answers
The most frequent connection between situations like Hurricane Katrina, losing a significant employer, and physical abuse of gay men is system pressures.
Which person is employer?A person, company, or other entity that employs workers and pays them for their labour is an employer. Employees are those who receive compensation for their labour. Employers provide workers a job. especially: a person or business that employs one or more people and pays them wages or salaries. A person or business that hires people to carry out tasks and conduct work is known as an employer.
What is most important to an employer?The goal for employees to be professional and have a strong work ethic is shared by all businesses. Regardless of the position or career you wind up in after college, your employer will expect you to have a strong work ethic and professionalism. When looking for a new job, compensation is undoubtedly crucial, but you shouldn't ignore other factors like corporate culture and prospects for advancement. Prior to accepting a job offer, make interviews a two-way conversation to learn more about a potential company.
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Brent called insurance companies and got insurance quotes for the three trucks. Both the 1996 Ford F150 and the 1998 Chevy 1500 were quoted for $250 and the 2000 Toyota Tundra was quoted for $245. To help Brent make his decision gather some more reliable information by using newspapers, or looking at their Web sites, and reviewing consumer magazines and Web sites. Also, look at the manufacturer Web site or www.fueleconomy.gov for information about gas mileage. List the sources you use and include the notes you take from each source.
Use the PACED decision-making process to make the decision for Brent. Show your work.
Answers
The sources that one could use to gather some more reliable information regarding the insurance companies are;
P - Problem - there is a need to make a choice
A - Alternatives - The alternatives here are two insurance companies
C - Criteria - We need to establish the company that is more reliable
E - Evaluate - This is the process of comparing information obtained about both companies
D - Decision making - This is the process of making a decision to go with the best insurance company.
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Think about why might two or more people decide to form partnership instead of each forming a sole proprietorship ?
Answers
Answer:
This is because in partnership,good ideologies are brought and shared,the fund for setting up the business is adequate, it's promotes productivity as well.
X works with the company Y. After ten (10) years of working with the said company, he was dismissed. He files an illegal dismissed case. The Labor Arbiter required him to prove his allegation of illegal dismissed with substantial evidence. Failure to do so, the Labor Arbiter said he would dismiss the case. Is the Labor Arbiter correct? Why or why not?
Answers
Answer: Yes, he is correct
Explanation:
Considering law cases or any case that has to do with charging someone or an organization, it is always vital to have an evidence of proof to give or show to the law court when making your allegations against the company, failure to do so would mean you're not correct about what you're saying if though you might be right.
The Labor Arbiter is correct because the client has failed to give evidence to prove his/her allegation.
Explain how calculations are done for the following:
Based on the 10 Q Fillings Reports What are the quarterly returns on equity profitability ratio calculations for the following companies:
Apple Inc. for
Quarter 2, 2022, Quarter 1, 2022, Quarter 4, 2021, Quarter 3, 2021, Quarter 2, 2021
Dell Tech. for
Quarter 1, 2023, Quarter 4, 2022, Quarter 3, 2021, Quarter 2, 2021, Quarter 1, 2021
Microsoft Corp. for
Quarter 3, 2022, Quarter 2, 2022, Quarter 1, 2022, Quarter 4, 2021, Quarter 3, 2021
Samsung Electronics Co. for
Quarter 1, 2022, Quarter 4 2021, Quarter 3 2021, Quarter 2 2021, Quarter 2, 2021
Industry Average (Industrial and Commercial Machinery and Computer Equipment for
Quarter 1, 2022, Quarter 4, 2021, Quarter 3, 2021, Quarter 2, 2021, Quarter 1, 2021)
Answers
The return on equity profitability ratio calculations for the companies is as follows:
Quarterly Returns on Equity Profitability Ratio Calculation for Apple Inc:
Quarter 2, 2022:ROE= Net Income/ Average
Stockholder’s Equity ROE= 21.7/332.1 = 6.53%
Quarter 1, 2022:ROE= 23.6/328.2 = 7.19%
Quarter 2, 2021:ROE= 22.2/337.9 = 6.56%
Quarter 3, 2021:ROE= 28.8/329.7 = 9.36%
Quarter 4, 2021:ROE= 28.8/329.7 = 8.74%
Quarterly Returns on Equity Profitability Ratio Calculation for Dell Tech.:
Quarter 1, 2023:ROE= 1,064/26,301 = 4.04%
Quarter 1, 2021:ROE= 1,828/39,554 = 4.62%
Quarter 2, 2021:ROE= 1,157/29,805 = 3.88%
Quarter 2, 2021:ROE= 1,157/29,805 = 3.88%
Quarter 3, 2021:ROE= 1,332/30,128 = 4.42%
Quarter 4, 2022:ROE= 1,067/26,292 = 4.05%
Quarterly Returns on Equity Profitability Ratio Calculation for Microsoft Corp.:
Quarter 1, 2022:ROE= 15.5/187.9 = 8.26%
Quarter 2, 2022:ROE= 16.5/188.8 = 8.75%
Quarter 3, 2022:ROE= 22.2/186.6 = 11.87%
Quarter 4, 2021:ROE= 20.7/190.3 = 10.89%
Quarterly Returns on Equity Profitability Ratio Calculation for Samsung Electronics Co.:
Quarter 1, 2022:ROE= 7.14/165.9 = 4.31%
Quarter 2 2021:ROE= 5.89/161.5 = 3.64%
Quarter 2, 2021:ROE= 6.21/159.1 = 3.9%
Quarter 3 2021:ROE= 6.21/159.1 = 3.9%
Quarter 4 2021:ROE= 6.06/161.5 = 3.76%
Quarterly Returns on Equity Profitability Ratio Calculation for Industry Average:
Quarter 1, 2022:ROE= 9.7/64.6 = 15.03%
Quarter 1, 2021:ROE= 6.8/60.5 = 11.24%
Quarter 2, 2021:ROE= 6.4/62.5 = 10.24%
Quarter 3, 2021:ROE= 7.8/63.8 = 12.23%
Quarter 4, 2021:ROE= 8.2/66.1 = 12.4%
Return on equity is an essential profitability ratio that measures a company's efficiency in generating profit from the shareholders' investments. The return on equity can be calculated using two methods: net income divided by shareholder equity, or shareholder equity divided by the average assets. The ratio indicates the earnings percentage that a company generates from shareholders' investments.
A high return on equity ratio implies that a company is making more profits from shareholders' investments and that it's a good investment. In contrast, a low return on equity ratio suggests that the company is inefficient in utilizing shareholder investments.
ROE is calculated by dividing net income by shareholders' equity. It is represented as a percentage. The numerator represents net income, while the denominator represents shareholders' equity. The following are the quarterly returns on equity profitability ratio calculations for the companies:
Apple Inc. for Quarter 2, 2022, Quarter 1, 2022, Quarter 4, 2021, Quarter 3, 2021, Quarter 2, 2021
Dell Tech. for Quarter 1, 2023, Quarter 4, 2022, Quarter 3, 2021, Quarter 2, 2021, Quarter 1, 2021
Microsoft Corp. for Quarter 3, 2022, Quarter 2, 2022, Quarter 1, 2022, Quarter 4, 2021, Quarter 3, 2021
Samsung Electronics Co. for Quarter 1, 2022, Quarter 4 2021, Quarter 3 2021, Quarter 2 2021, Quarter 2, 2021
Industry Average (Industrial and Commercial Machinery and Computer Equipment for Quarter 1, 2022, Quarter 4, 2021, Quarter 3, 2021, Quarter 2, 2021, Quarter 1, 2021)
The return on equity profitability ratio calculation is a financial tool that is useful in comparing the performance of different companies within the same industry. The higher the ratio, the more efficient the company is in utilizing shareholder's equity. In contrast, a low ratio indicates that the company is not generating enough profits with shareholders' investments. The profitability ratio should be analyzed in conjunction with other financial ratios and qualitative factors to provide a complete picture of a company's financial health.
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Please help!! Unit test question 50 pnts!!!! Kyle is applying to be a police officer. In his interview, he describes that he loves watching the news and following current cases. He explains that he is honest, caring, compassionate, and has a very deep sense of integrity. He then explains that he is in excellent physical condition and trains regularly in hand-to-hand combat. He tells them that he is a member of the Police Explorers, a group that trains and rides along with the local police. He also tells them that he graduated at the top of his class and was a state finalist on the mock trial team. Which table accurately lists Kyle’s personal interests, skills, achievements, values, and experiences? A 2-column table with 5 rows. Column 1 has entries Personal interests, Skills, Achievements, Values, Experiences. Column 2 has entries grades and mock trial finalist; physical condition and training; following cases on the news; honest, caring, compassionate, has integrity; Explorers. A 2-column table with 5 rows. Column 1 has entries Personal interests, Skills, Achievements, Values, Experiences. Column 2 has entries following cases on the news; honest, caring, compassionate, has integrity; grades and mock trial finalist; physical condition and training; Explorers. A 2-column table with 5 rows. Column 1 has entries Personal interests, Skills, Achievements, Values, Experiences. Column 2 has entries grades and mock trial finalist; honest, caring, compassionate, has integrity; Explorers; physical condition and training; following cases on the news. A 2-column table with 5 rows. Column 1 has entries Personal interests, Skills, Achievements, Values, Experiences. Column 2 has entries following cases on the news; physical condition and training; grades and mock trial finalist; honest, caring, compassionate, has integrity; Explorers.
Answers
The table is A 2-column table with 5 rows. Column 1 has entries Personal interests, Skills, Achievements, Values, Experiences. Column 2 has entries following cases on the news; honest, caring, compassionate, has integrity; grades and mock trial finalist; physical condition and training; Explorers. The correct option is (B).
What do you mean by skills, interest?Passion (or Interests): Do I enjoy engaging in this activity? something that you enjoy doing? Is this an activity I have the talent (or skills) for?
There are three categories of skills: self-management, functional, and specialised knowledge. Functional skills are innate aptitudes or capabilities that are refined through practice and education.
Therefore, the table accurately lists Kyle’s personal interests, skills, achievements, values, and experiences is A 2-column table with 5 rows. Column 1 has entries Personal interests, Skills, Achievements, Values, Experiences. Column 2 has entries following cases on the news; honest, caring, compassionate, has integrity; grades and mock trial finalist; physical condition and training; Explorers.
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PLEASE HELP AND QUICKLY!! Why is doing timely reconciliations a key part of internal control activities
A. Checks usually expire after two weeks
B. It is part of the Sarbanes-Oxley legislation
C. It is much easier to correct mistakes if they are caught early
D. It ensures accounts filed with the government are accurate
Answers
D and
Definition:
Reconciliation is the process of comparing transactions and activity to supporting documentation. Further, reconciliation involves resolving any discrepancies that may have been discovered.
Purpose:
The process of reconciliation ensures the accuracy and validity of financial information. Also, a proper reconciliation process ensures that unauthorized changes have not occurred to transactions during processing
Answer: c
Explanation:
just got the answer wrong because of the other “answer” on this question
Ms Li Pang was negotiating the purchase of a house from Foakes. They had agreed on all the main terms but, before signing the contract, Ms Pang enquired of the agent for the vendor whether the house was sewered or not. The agent assured her that it was sewered. He genuinely believed the property was sewered but he was negligent in not making sure. After receiving the assurance, Ms Pang signed the contract. The contract did not mention sewerage. When she took possession of the house Ms Pang discovered that the house was not in fact sewered. She now wishes to sue for breach of contract.
(a) Please advise Ms Pang of any rights she may have under the law of contract. Please cite relevant cases in support of your arguments. (6 marks)
(b) Assume for part (b) only that there is an exclusion clause in the contract that: ‘excludes the liability of the vendor or its agents for loss or damage resulting from any breach of contract’. Ms Pang was unaware of the clause. Advise Ms Pang whether this clause is likely to protect the agent.
Answers
Under the law of contract, Ms Pang may have the following rights: Misrepresentation: If the agent provided false information about the property being sewered and Ms Pang relied on that information when signing the contract, she may have a claim for misrepresentation.
The agent's negligence in not verifying the information could be considered a misrepresentation. The case of Smith v. Land & House Property Corp. (1884) is relevant in establishing the principle of innocent misrepresentation.
Breach of Warranty: If the contract implied a warranty that the property was sewered, and it turns out to be false, Ms Pang can claim breach of warranty. The case of Oscar Chess Ltd. v. Williams (1957) demonstrates that even a statement made innocently can amount to a breach of warranty if it forms part of the contract.
Negligence: Ms Pang may also have a claim against the agent for negligence. The agent had a duty of care to ensure the accuracy of the information provided, and their failure to do so could be considered negligent. The case of Donoghue v. Stevenson (1932) established the principle of negligence.
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Describe ways that employee ethics can affect a company
Answers
Answer:
they can affect the company in different ways
Explanation:
so they can affect either negativly and positivly so it could go both ways
Answer: Employees make better decisions in less time with business ethics as a guiding principle; this increases productivity and overall employee morale. When employees complete work in a way that is based on honesty and integrity, the whole organization benefits.
Explanation:
List and explain ten factors to consider in preparing family income
Answers
Answer:
1. Availability of Money:
The expenditure of a family depends upon the availability of money or total income of the family. It can afford to spend under various needs. In lower income group, families expenditure is more on food. Higher income group families spend more on recreation, education and luxuries etc.
2. The size and the composition of the family:
Expenditure depends upon the size and composition of the family. The size of the family means the number of adults and children. The more the mouths to eat the expenditure is more on food, clothing and shelter. With the growth of children, more will be spent on education and clothing. More will be spent towards transportation when the members go out of the house for work or study.
Composition of the family means the number of adults and children in the family. It also includes the number of males, females and old persons. For old persons, extra expenditure will be incurred towards health and medical expenses.
3. Stages of family life cycle:
Family life cycle plays an important role in spending money. At the beginning stage, most part of the family income is spent towards the establishment expenditure as a newly married couple starts their family life. In the expanding stage families need money for the children, their food, dress, education etc. Some families in the expanding stage spend more on purchasing durable household goods, furniture etc. In the contracting stage major expenditure is on wedding celebration of their children. During this stage, the family income is gradually reduced. So the expenditure should be cut short.
4. Occupation of the family members:
Sometimes expenditure of the family depends upon the occupation of the family members. In certain jobs, there are special benefits like free quarters, educational facilities for children, health and medical allowance, travelling allowance etc.
5. The needs and objectives of the family:
Expenditure will be done according to the needs and objectives of the family. For example, a family where young children are there, more will be spent for nutritious foods. Old people require health and medical expenses. Working women spend money for the servants as they do not find time to do the household work.
6. Resources:
Both human and material resources can make significant changes in the pattern of expenditure of a family. The abilities, skill, knowledge, interest, attitude and habits of the members of the family can be utilized for various purposes as supplementary income.
7. Locality of the family:
In rural areas more will be spent on food. But in urban areas the expenditure is more on education, recreation, transportation, accommodation etc.
8. Socio-economic status of the family:
The socio-economic status of the family is determined by its income, education level and occupation of the members. The higher the socio-economic status the expenditure will be more on interior decoration, higher education, club membership, accommodation, recreation etc. The total expenditure depends on the standard of living the family maintains.
9. Social and religious traditions:
Some families accept old and traditional values. So they spend more on marriages and religious festival.
10. Personal choice:
Expenditure depends upon the personal choice. For example, one person may have a liking for expensive perfumes and jewellery while another may have simple tastes. Expenditure is also affected by the measures taken in the family to make provision for the future like house building, higher education of children etc. The home-maker will be able to manage with her income by cutting out unnecessary and extravagant expenditure. “One must cut one’s coat according to his cloth.”
This saying is rightly proved in home management. Balancing of income and expenditure is the best way of money management. Whatever the income may be, the efficient management of money is a requisite for a happy, successful and peaceful family life.