You subscribe to Sirius XM Radio and pay $12 at the end of each month (which equates to $144 per year). You plan to keep this service for the next five years. Assume you have plenty of cash in your emergency reserve fund, which is in a bank account earning 4% interest per annum. XM Radio offers you a deal whereby you can prepay two years worth of service for $230, payable today.Given these assumptions and relative to the interest you will earn by keeping the money in interest bearing bank account,You are better off to continue to pay monthly given the current rate of interest paid by your bank.You are better off to prepay XM for the next two years.You can not answer the question with the facts provided.You should never prepay for monthly services regardless of the assumptions given above.
Answers
In the following question, among the conditions given on Sirius XM Radio, The statement that is true is: You are better off to prepay XM for the next two years.
What is Sirius XM Radio? Sirius XM Radio Holdings Inc. is an American broadcasting company that offers three satellite radio and online radio services operating in the United States: Sirius Satellite Radio, XM Satellite Radio, and Sirius XM Radio.
It provides audio content from a range of genres, such as commercial-free music, news, entertainment, sports, and talk channels. Sirius XM Radio is a satellite radio service, so it offers higher audio quality, more channel choices, and the ability to listen almost anywhere. The question asks us whether or not prepaying for XM Radio for two years is worth it, relative to the interest earned in an interest-bearing bank account, given the assumption that the subscriber will keep the service for the next five years.
Annual payment of Sirius XM Radio$12 * 12 months = $144In the next five years, the total amount spent on Sirius XM Radio is$144 * 5 = $720 If the subscriber pre-pays for two years at $230, they would save$144 * 24 - $230 = $2.716. Furthermore, the subscriber can earn an extra 4% on this amount by keeping it in their bank account for the next two years.
After two years, the subscriber has to make annual payments of $144. Therefore, the total amount spent over the next five years is:$2,716 * (1.04)2 + $144 * 3 = $3,623.29The net amount earned after five years is:$720 - $3,623.29 = -$2,903.29
Since the final balance is negative, we can conclude that the subscriber is better off prepaying XM for the next two years. Therefore, the statement that is true is: You are better off prepaying XM for the next two years.
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Related Questions
Share what you learned about yourself in taking the MBTI?
Answers
The MBTI helps us understand our unique particular style in different situations. MBTI Type proposition states that we prefer one within each set of dyads. As a pupil and hand, it can hep with particular growth and help you develop a plan to ameliorate unborn business and academic performance.
What's MBTI?In personality typology, the Myers – Briggs Type Indicator( MBTI) is an introspective tone- report questionnaire indicating differing cerebral preferences in how people perceive the world and make opinions. The test attempts to assign a value to each of four orders introversion or extraversion, seeing or suspicion, allowing or feeling, and judging or perceiving. One letter from each order is taken to produce a four- letter test result, similar as" INTJ" or" ESFP".What's MBTI person?Myers & Briggs' 16 Personality Types. By Julia Simkus, published March 10, 2022. Fact checked by Saul Mcleod, PhD. The Myers- Briggs Type Indicator( MBTI) is an introspective, tone report evaluation that identifies a person's personality type and cerebral preferences.Learn more about MBTI here:
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Banks do not hold a lot of their assets in the form of cash mainly because of:
a. regulation.
b. the fear of being robbed.
c. the opportunity cost of holding cash, cash does not earn interest.
d. it can encourage employee theft.
Answers
Banks do not hold a lot of their assets in the form of cash mainly because of the opportunity cost of holding cash, cash does not earn interest. The correct option is C.
Opportunity costs are the possible advantages that a person, investor, or company forgoes while deciding between two options. It is necessary to weigh the advantages and disadvantages of each choice offered in order to correctly assess opportunity costs.
The interest that could have been made if the cash had been used to buy bonds instead is the opportunity cost of keeping any money balance.
Therefore, due to the opportunity cost of holding cash and cash does not earn interest banks does nor prefer to hold a lot of their assets in the form of cash .
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A new business is likely to need what bank service(s)? *
Answers
Answer:
Checking Account tell me if i'm wrong
Explanation:
1. Which of the following BEST defines a down payment?
1. A down payment is a portion of the purchase price that increases the loan amount.
2. The down payment is the good faith escrow deposit.
3. A down payment is a portion of the purchase price that reduces the loan amount.
4. The down payment is the total amount borrowed for purchasing or leasing a car.
Answers
Answer:
3
Explanation:
It has to be this one because it is intial payment to help someone.
In a paragraph response below, describe how the structure and organization of this text affected the listening/reading experience. How did it enhance the message behind the speech?
Answers
Text structure gives a text meaning since writers must arrange their work differently based on the type of information they're trying to convey. By comprehending and making use of the text structure while reading, readers can learn important facts and, as a result, the book's overall goal.
What is text structure?Text structures explain the organization of information in writers' texts. By comprehending the fundamental structure of texts, students may focus on key concepts and relationships, make predictions about what will occur next, and keep a record of their knowledge as they read.
A few examples of text structures are sequential, narrative, time, compare/contrast, proposition/support, problem/solution, order/chronology, cause/effect, inductive/deductive, and research.
The structure of academic writing must be sound. Academic writing requires a clear framework and logical flow in order to be coherent.
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With the need-satisfaction presentation format, the salesperson ______. Multiple choice question. provides information in an accurate, thorough, and step-by-step manner tailors the presentation to highlight specific benefits that are valued by the prospect tries one appeal after another, hoping to hit the right button asks for a commitment by referencing the timeliness of the purchase
Answers
SECTION B
ANSWER ALL ITEMS IN THIS SECTION.
1. Fill in the blanks by classifying the following activities as primary, secondary or
tertiary production.
(Total 5 marks)
A
= Banking
В.
= Forestry
С.
Canning of fish
D.
= Doctor
Е.
Working as a lumberjack
Answers
A-tertiary
B-primary
C-secondary
D-tertiary
E-primary
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In which market would a producer sell bicycles to consumers?
Answers
In the markets for goods and services, a producer would sell his bike for purchase by customers.
What is the market for goods and services?Consumers buy consumables on the products and services market, and firms sell their commodities there. The market encompasses physical stores, the Internet, and any other location where consumers can exchange products and services.
The trading of finished goods takes place here. Businesses receive payment from customers in exchange for goods. The consumer gives money to the business in a flow. In contrast to this, enterprises can buy the materials they need on the factor market to make an item.
The rule of supply and demand governs how much is produced and at what price in the market for products and services.
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Select the correct answer.
What is the last step in the market research process?
O Apresenting findings
O B. analyzing information
O c. making decisions
OD. developing a research plan
O E. identifying the problem
Reset
Ne
Answers
Answer:
c. making decisions
Explanation:
The last step in marketing research is decision making. This step involves presenting findings, drawing conclusions, and deciding on the course of action to take.
The objective of any research is the get solutions to a challenge. The time and resources used in the research will go to waste if the recommendations are not implemented. While all the research steps are critical, failing to act on the findings makes the entire process worthless. Market research is a strong input to a business decision.
Answer:
uhm see now making a decision is the last thing to do
Explanation:
y bc uh u plan then decide
Which of the following choices incur speculative risk?
a.stocks
b.fire insurance on a house
c.options
d.life insurance
e.high interest savings account
Answers
Answer: correct option is A.
Explanation: A speculative risk can be defined as risk that is taken willingly either it results in profit or loss and the stocks involve in probability of gain and loss making it a speculative risk.
Stocks incur speculative risk. Therefore option A is correct.
What are Stocks?A stock usually referred to as equity, is a type of investment that denotes ownership in a portion of the issuing company. Shares, also known as units of stock, entitle their owners to a share of the company's assets and income in proportion to the number of shares they possess.
Common stock and preferred stock are the two primary categories of stocks.
Owners of common stock are entitled to dividends and the right to vote at shareholder meetings.
Common stockholders often do not have voting rights, while preferred stockholders typically get dividend payments ahead of time and are given preference over common investors in the event of a firm bankruptcy and asset liquidation.
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John worked 44 hours last week. His hourly rate is $12.00. He has the following deductions taken from his pay: Social Security Tax at the rate of 6.2%, Medicare tax at the rate of 1.45%, and 401k (retirement savings) contributions of 5% gross pay. John also has federal income tax withheld at the rate of 10%. Match the correct amount to the ??? below.
Answers
Based on the John's hourly pay, the deductions from his pay, and the contributions, the correct terms are:
Gross Pay = $552Federal tax = $55.20Social security tax = $34.22Medicare tax = $8.00401K = $27.60Net pay = $426.98What is John's net pay?To find John's net pay, you need to deduct the deductions and contributions from the gross pay.
The gross pay is:
= (40 x 12) + (4 x 12 x 1.5)
= $552
The federal tax is:
= 552 x 10%
= $55.20
The Social security tax is:
= 552 x 6.2%
= $34.22
The Medicare tax is:
= 552 x 1.45%
= $8.00
The 401k deduction is:
= 552 x 5%
= $27.60
The net pay is:
= 552 - 55.20 - 34.22 - 8.00 - 27.60
= $426.98
In conclusion, John's net pay is $426.98.
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______ Is a market in which a large number of suppliers compete with each other to satisfy the needs and wants of a large numbers of consumers at a competitive price.???
Answers
Answer : Monopolistic competition
Answer:
Monopolistic Competition
Explanation:
In a monopolistic competitive market, there are large numbers of sellers who do not sell identical products instead they sell differential products. They compete with each other at a competitive price. The products could be differentiated in many ways including quality, style, location and even brand name. Since they compete at a competitive price, if there is a substantial rise in the price of any of the products, the buyers could quickly shift from one product to another. The most crucial factor behind product differentiation is because of geographical factors. Under a monopolistic competitive market, the sellers do not have any influence over customer loyalty and limited control over the price.
Do you think JNK should be more ethical? Explain your answer.
Answers
Answer:
"god is a woman"
Explanation:
"and its megan thee stallion"
Question 11 (Multiple Choice Worth 5 points) (03.05 MC) Christina received an offer for a grant to pay for her college tuition. If she accepts the grant, what does this mean? O She will have to pay back the money after graduation. O She will not have to pay back the money. O She will only have to pay back half of the money after graduation. She will have to pay back twice the amount of money after graduation.
Answers
Christina received an offer for a grant to pay for her college tuition. If she accepts the grant She will not be required to repay the money.
What is a payment from a grant?A payment called a grant is a type of financial aid that is given to a recipient by the government or another organization to help them pay for a project or program. Grants typically come in one lump sum, but they can also come in a series of smaller payments spread out over time.
Most of the time, grants are given out based on how well the applicant can show that their project or program is valuable to the public and will help the community in some way. Research grants, educational grants, community development grants, and business grants are all examples of grants. The recipient of a grant payment is not required to repay the grant money.
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jasper makes a $94,000, 90-day, 7% cash loan to clayborn company. jasper's entry to record the transaction should be:
Answers
Jasper's entry to record the $94,000, 90-day, 7% cash loan to Clayborn Company would involve both a debit and a credit entry in his accounting records.
Firstly, Jasper would debit Clayborn Company for the amount of the loan, which is $94,000. This debit entry would increase the asset account of Jasper's cash balance, indicating that he has made a loan to Clayborn Company.
Next, Jasper would credit his own account for the same amount, $94,000. This credit entry would increase the liability account of Jasper's notes payable balance, indicating that he owes this amount to Clayborn Company.
To account for the interest on the loan, Jasper would also record an adjusting entry at the end of the 90-day term. Assuming the loan is due at the end of the 90-day period and Clayborn Company pays off the loan in full.
Jasper would record an additional credit entry for $1,645, which is the interest earned on the loan (i.e., $94,000 x 7% x 90/365). This credit entry would increase Jasper's interest income account, indicating the interest income earned on the loan.
Overall, Jasper's entry to record the transaction would be:
Debit: Clayborn Company $94,000
Credit: Jasper's Notes Payable $94,000
At the end of the loan term:
Debit: Jasper's Notes Payable $94,000
Credit: Cash $94,000
Adjusting entry for interest income:
Debit: Interest Receivable $1,645
Credit: Interest Income $1,645
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An unsecured loan...
typically has lower interest rates than a secured loan
is less difficult to qualify for than a secured loan
is connected to collateral, which can be taken by the lender if the loan is not paid
is not connected to collateral and, therefore, a higher risk for lenders
Answers
Answer:
is not connected to collateral and, therefore, a higher risk for lenders
Explanation:
Unsecured loans are the loans issued without any securities attached to them. The lender relies on the borrower's creditworthiness as the basis for granting the loan. Unsecured loans are mostly available to salaried workers whose pay is processed by the lending institutions.
Unsecured loans pose a higher risk to the lender because they are not backed by any collateral. For this reason, they attract a higher interest rate than secured loans.
Answer:
D
Explanation:
took the test
In finance, we separate operating decisions from financing decisions and thus exclude ________ as a part of operating income from the income statement. Question 4 options: A) interest expense B) earnings C) dividends D) cash flow
Answers
Answer:
A) interest expense
Explanation:
Operating income or EBIT (earnings before interest and taxes) are calculated considering that the company is financed only through equity. The same applies when we are evaluating different projects, since we must be able to determine if the company or project can yield a profit without considering who paid for its operations.
The same applies for taxes, since it doesn't matter how high or low taxes are, if the company doesn't make a profit, then it will pay none.
the recording, in the same accounting period, of the revenue from business activities and the expenses associated with earning that revenue is the accounting concept called:
Answers
Accrual accounting follows the matching principal, which states that revenues and expenses should be recorded in the same period. Accrual accounting is encouraged by International Financial Reporting Standards(IFRS) and Generally Accepted Accounting Principles (GAAP).
An price is an object requiring an outflow of cash, or any form of fortune in standard, to any other individual or group as fee for an item, carrier, or different category of prices. For a tenant, hire is an expense. for students or parents, tuition is an cost. buying food, apparel, fixtures, or an vehicle is often called an rate. An fee is a fee this is "paid" or "remitted", usually in exchange for some thing of value. something that seems to price a fantastic deal is "luxurious". some thing that appears to cost little is "less expensive". "costs of the desk" are charges for eating, refreshments, a banquet, and many others. In accounting, cost is any unique outflow of cash or other treasured property from a person or agency to every other person or organisation.
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sbj’s bill king reports leading sports books will offer a lengthy menu of bets on each mlb game in 2023, especially when it comes to player props. which state handled the most betting handle in 2022?
Answers
Legal sports betting reached over $93 billion in the U.S. in 2022. New York State had the most wagers, with a total of $16.3 billion
Bill King, a reporter for SBJ, has reported that leading sportsbooks plan to offer an extensive selection of bets on each MLB game in 2023, particularly in the area of player props. This means that there will likely be a wide variety of prop bets available for individual players, such as whether they will hit a home run or how many strikeouts they will have in a game.Bill King, a writer for the Sports Business Journal, reports that in the upcoming MLB season in 2023, sportsbooks will be offering a wide range of betting options, especially for player props. This means that bettors will have more opportunities to place bets on individual player performances in addition to traditional bets on the game outcome. The increased availability of these types of bets is likely to attract more betting activity and revenue for sportsbooks.
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The component of your attitude that determines whether you like or dislike a product is the _________________ component. Group of answer choices
Answers
The component of your attitude that determines whether you like or dislike a product is the affective component.
The affective component of attitude refers to the emotional or feeling aspect of your attitude towards a particular product. It reflects your personal liking or disliking of the product, based on your feelings and emotions towards it.
This component is influenced by factors such as personal preferences, past experiences, and individual beliefs.
It involves the positive or negative emotions associated with the product, such as happiness, satisfaction, disappointment, or dislike.
The affective component plays a crucial role in shaping your overall attitude towards a product and can heavily influence your decision-making process, including whether you choose to purchase and continue using the product.
Understanding and managing the affective component is important for marketers and businesses as it helps them create products that elicit positive emotions and favorable attitudes in consumers.
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As an upcoming project manager, you are required to write a short paper on the following topic to be delivered at an upcoming project management conference in Gaborone. Projects managers bave existed time in memorial. However, the work of a contemporary project manager is challenged by many issues. Identify five issues that a contemporary manager is likely to face today while implementing projects as opposed to their counterparts in olden times.
Answers
Contemporary project managers face several challenges that differentiate them from their counterparts in the past. Five key issues they are likely to encounter today include increased complexity, globalization, rapid technological advancements, stakeholder management, and changing market demands.
Contemporary project managers face increased complexity compared to their counterparts in the past.
Projects today often involve multiple stakeholders, intricate supply chains, and interconnected systems, requiring managers to navigate complex organizational structures and dynamic environments.
Globalization is another challenge faced by contemporary project managers. Projects are frequently executed across different geographical locations, involving diverse cultures, regulations, and communication challenges.
Managers must possess the skills to effectively collaborate and manage teams across borders.
Rapid technological advancements present both opportunities and challenges for project managers.
The integration of emerging technologies, such as artificial intelligence, internet of things, and big data, requires managers to adapt to new tools, processes, and methodologies to ensure successful project implementation.
Effective stakeholder management is crucial in contemporary project management.
Project managers must engage and align the expectations of various stakeholders, including clients, team members, sponsors, and communities, to ensure project success and maintain positive relationships.
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an increase in the demand for a product will cause the
Answers
An increase in the demand for a product will cause the Increase in price because there is a supply that has to be met.
According to the laws of demand and supply, when there is a demand for a particular product, then the price will increase and when there is a decrease in the demand of a product, then the price will reduce.
With this law in mind, we can see that if there is an increase in the price of a particular product, then there will an increase in the price of the product too. This simply obeys the economic law.
Therefore, the correct answer is Increase in price
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Buying and selling products online is called ____________. A. Information systems B. Browsing the web C. E-commerce D. E-mailing
Answers
Answer:
The answer is C. E-commerce
Explanation:
E-commerce refers to the process of buying or selling products or services over the Internet. So i believe this is the answer to the question.
Buying and selling products online is called E-commerce. Hence, option C is appropriate.
What is the meaning of E-Commerce?Online purchasing and selling of products and services is known as e-commerce. Affiliate marketing strategies are also a possible part of the definition of an e-commerce firm. To increase online sales, you can leverage e-commerce platforms like your own website, a well-known retailer like Amazon, or social media.
E-commerce is the electronic purchase or sale of goods through online stores or the Internet. E-commerce, often known as electronic commerce, is the exchange of goods and services as well as the sending of money and data through an electronic network, most commonly the Internet. These business dealings can be either B2B (business-to-business), B2C (business-to-consumer), C2C (consumer-to-consumer), or C2B.
Online purchasing and selling of products and services is known as e-commerce. Tactics are another component of the concept of an e-commerce business.
Hence, option C is correct.
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Muller company sponsors a performance-based stock option plan. When the options are granted, Muller should recognize related compensation expense if the achievement of the performance-based condition is _______?
Answers
Muller company sponsors a performance-based stock option plan. When the options are granted, Muller should recognize related compensation expense if the achievement of the performance-based condition is probable.
This means that the achievement of the performance-based condition must be likely to occur for Muller to recognize the compensation expense.
In accounting, the recognition of compensation expense is based on the matching principle, which requires that expenses be recognized in the same period as the related revenue. In this case, the compensation expense is related to the stock options granted, and the revenue is related to the performance-based condition.
Therefore, the recognition of the compensation expense is contingent on the achievement of the performance-based condition, and it must be probable for the expense to be recognized. If the achievement of the performance-based condition is not probable, the compensation expense should not be recognized until it becomes probable.
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A set dollar amount that the policyholder must pay before the insurance company starts to pay for services
copayment
deductible
eligibility.
Answers
Should Shaun use gross pay or net pay when creating his budget? Explain your
reasoning.
Answers
Answer:
jjheeeneemme
Explanation:beenem
Georgina puts $45 into an account which pays interest at a rate of 5.2% per year. How much money would she have after a year
Answers
Answer:
The money transfer to the bank accountIn JoJo's Bizarre Adventure, Does Jotaro Kujo get his stand, Star Platinum, back?
Answers
It is a false statement that Jotaro Kujo get his Stand Disk "Star Platinum" back.
What is the JoJo's Bizarre Adventure about?In the Adventure, the Star Platinum is a humanoid Stand that resembes a tall and well-built man of similar proportions to Jotaro.
In the colored art, its skin is often a hue between purple, blue, green, and small bits of gold. Its face and body have varying colors.
In the story, after the loss of the Star Platinum, Jolyne finally retrieves Jotaro's Stand Disk but delivers it to the Pigeon named Savage Guardian in episode 12 of the story.
Therefore, It is a false statement that Jotaro Kujo get his Stand Disk "Star Platinum" back.
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Answer:
yes
Explanation:
Find profit-maximizing price and quantity in monopoly and perfect competition.
Q = 100 - 3P
MC = 25
Answers
In monopoly, the profit-maximizing price and quantity can be determined by setting marginal cost (MC) equal to marginal revenue (MR). In perfect competition, the profit-maximizing price and quantity occur where marginal cost (MC) intersects with the market supply and demand.
Monopoly:
To find the profit-maximizing price and quantity in a monopoly, we need to set marginal cost (MC) equal to marginal revenue (MR). Given the demand function Q = 100 - 3P, we can calculate the marginal revenue by taking the derivative of the demand function with respect to quantity (Q). This gives us MR = 100 - 6Q.
Equating MR and MC, we have 100 - 6Q = 25. Solving for Q, we find Q = 12.5. Substituting this value back into the demand function, we can calculate the monopolist's price as P = (100 - Q)/3 = (100 - 12.5)/3 = $29.17.
Perfect Competition:
In perfect competition, the profit-maximizing price and quantity occur at the intersection of marginal cost (MC) and the market supply and demand. Given that MC = 25, we need to consider the market equilibrium.
Without specific information about the market supply and demand functions, we cannot determine the exact profit-maximizing price and quantity in perfect competition. However, in a perfectly competitive market, the price would tend to align with the marginal cost (MC) in the long run due to the presence of numerous firms.
Please note that additional information about the market supply and demand curves would be necessary to provide a more precise answer in the case of perfect competition.
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What are the safety risks associated with using the Internet? Check all that apply.
encountering inappropriate content
finding incorrect information
getting a computer virus
having your identity stolen
talking privately with your friends
Answers
Answer:
A) Encountering inappropriate content.
C) Getting a computer virus.
D) Having your identity stolen.
The safety risks associated with using the Internet are encountering inappropriate content, getting a computer virus, and having your identity stolen.
With its limitless access to information, the Internet is both a useful tool and a potential threat to safety and security. It's crucial to keep an eye on what a youngster sees, hears, shares, or could be exposed to.
Privacy settings can restrict who can view your child's personal information, such as their name, age, and residence. However, if your child adds someone as a "friend," that person will have access to your child's private information, including, in the case of some devices, their GPS position.
Therefore, the following statements are:
Encountering inappropriate content.Getting a computer virus.Having your identity stolen.To know more about the safety risks, visit:
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