Delectable Parsnip cash coverage ratio for the year is 4.71.
What was Delectable Parsnip, Inc.'s cash coverage ratio for the year?To calculate the cash coverage ratio, we need to determine the cash flow from operations and the total interest expense.
Data:
Net income = $14,843
Tax rate = 22%
Interest expense = $4,989
Tax expense = Net income * Tax rate
Depreciation expense = $5,428
Tax expense = $14,843 * 0.22
Tax expense = $3,265.46
Cash flow from operations = Net income + Tax expense + Depreciation expense
Cash flow from operations = $14,843 + $3,265.46 + $5,428
Cash flow from operations = $23,536.46
Cash coverage ratio = Cash flow from operations / Total interest expense
Cash coverage ratio = $23,536.46 / $4,989
Cash coverage ratio = 4.71.
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am I correct? if not lmk the answer please
Help please.
You have just been hired by a firm in a large city. The organization has two locations with office buildings of four stories or less. It employs about sixty people. As part of your new job, you have been asked to draft a new company safety policy, because the one in place is several years old and no longer useful.
Assignment Directions.
Part 1. Write a short one-paragraph (less than 150 words) introduction to the policy. Be sure to address your audienc
Part 2. construct a table of contents
Part 3. Write an outline of the topics covered in your policy.
Assignment Guidelines.
Be titled: (insert fictional company name here) Workplace Saftey Policy and Procedure.
Include a minimum of seven and maximum of ten main topics in your policy outline.
Answer:
HEALTH AND SAFETY STATEMENT
1. This is how this organization will manage its health and saftey responsibillities
2. We will manage health and saftey by...
2.1 Controlling the saftey risks at work.
2.2 Involving employes on health and saftey issues that affect them
2.3 Making sure any equipment used is clean, and safe
2.4 Make sure to be careful with dangerous substances and have them secured
2.5 Don't speak with anybody on the outside about the job so nothing happens
Explanation:
I tried man
To write a new safety policy for the company, it is necessary to guarantee the compliance of information for all 60 employees, through information through different channels, such as meetings, e-mails, information panel, etc.
Assuming your safety policy is targeted at a textile industry, the statement could be:
YXZ Textile Clothing Workplace Safety Policy and Procedure:All employees must wear suitable PPE in production areas.The starting, starting and stopping of production machines is only allowed by authorized personnel.Work equipment must be properly maintained and stored in their respective locations.Chemicals must only be handled in the areas and by authorized personnel.Upon finding any breach of security or work processes, the employee must instantly report it to their supervisor.Changing the layout of machinery and any other physical component of the workplace is not permitted.It is essential to dispose of garbage and discarded material in appropriate places.Therefore, it is essential that a company's safety policy is aligned with its performance and configuration, and promotes employee safety, quality and preservation of physical and mental health.
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An investor whose highest priority is getting the largest gains possible, even if
it requires a lot of risk, would most likely invest in
O A. hedge funds
O B. bonds
O c. mutual funds
O D. savings accounts
Answer: A. Hedge funds
Explanation:
Andrew owns a piece of land covering 24 acres. He has unrestricted rights over the land, except for those restrictions imposed by law. His rights are valid for an unlimited period of time and the land can be inherited by his son or daughter. In other words, Andrew's rights over his land are best characterized as _____.
Because Andrews's land rights are valid for an unlimited period of time and can be inherited by his child, then, his rights over his land are best characterized as a fee simple absolute.
What is a fee simple absolute?
A fee simple absolute refers to an absolute ownership of a land whith absolute power to do whatever the owner wish to with the land.
In conclusion, as his land rights are valid for an unlimited period of time and can be inherited then, his rights over his land are best characterized as a fee simple absolute
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According to the law of supply what's the result of an increase in the supply of workers for a job if all other factors remain equal?
Answer:
According to the law of supply, an increase in the supply of workers for a job if all other factors remain equal means the company wants to be efficient and it is also proof that the company is making more profit which signals the demand for the commodities they produced as increased drastically.
Explanation:
The law of supply work in the dimension of price, the number of goods available in the market, and it is hugely affected by demand. Now, when the price of goods decreases, it makes production by producers decrease as well and staffs are also laid off to avoid profit loss by the producers. This changes when the price of commodity increases as it makes producers of the commodity have the capacity to employ more staff to maximize time and this also causes the producers to increase sales. However, the higher demand for a commodity would also increase the supply of that commodity.
Answer:
The wage rate for that job will be pushed down.
Explanation: I just took the test and got it right
According to Herzberg, which group of motivational factors would give employees the most satisfaction
Answer:
Explanation:
According to Herzberg, which group of motivational factors would give employees the most satisfaction
Whom does the government and public administration career clutter serve?
A. Private citizens
B. Army and navy
C. Government employees and the military
D. National security and the foreign service
Answer:
it is A. Private citizens
Explanation:
edge 2020 :)
due partly to intense competition of our times, a number of retailers (e.g., drugstores) offer several unrelated product lines in a single store. this retail strategy is known as __________.
The retail strategy of offering several unrelated product lines in a single store is known as diversification.
Diversification is the retail strategy of offering a wide range of unrelated product lines in a single store. This approach is driven by the intense competition in the retail industry, where retailers seek to attract customers and differentiate themselves from competitors by providing a variety of products under one roof. This strategy allows retailers to cater to the diverse needs and preferences of consumers, offering convenience and the ability to fulfill multiple shopping requirements in a single visit. For example, drugstores may offer not only pharmaceutical products but also groceries, household items, beauty products, and even small electronics. By diversifying their product offerings, retailers aim to increase customer traffic, boost sales, and capture a larger share of the consumer market. This approach requires effective inventory management, marketing strategies, and store layout to ensure a seamless shopping experience for customers across different product categories.
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Josh is a full-time college student who is not working or looking for a job. The bureau of labor statistics counts josh as.
The bureau of labor statistics counts Josh a full-time college student who is not working or looking for a job as labor force.
What is labor force?Labour force can be defined as the number of people in the country who work and are also capable of working. They are people who are willing and able to work.
It is to be noted that the total number of people who are currently employed plus the number of people who are unemployed and seeking employment refers to labor force.
Hence, Josh a full-time college student who is not working or looking for a job can be termed as labor force.
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Blackmon Brothers law firm used 165 legal pads over the last three weeks (15 days). It takes them three days to get more, and they want to keep two day's worth as a safety stock. How low can their stock get before they need to order more?
Answer:
55 legal pads.
Explanation:
The level at which Blackmon Brothers should order more legal pads is the re-order point.
The calculate re-order point, we require
Average daily usage
Delivery lead time
Safety stock is needed.
For Blackmon, Average daily usage will be 165 divided by 15 days
=165/15
=11 legal pads per day.
Lead time is 3 days
Formula for getting the re-order point
= (average daily usage x delivery time) + requires safety stock
For Black man
= (11 x 3)+ (11 x 2)
=33 + 22
=55 legal pads.
They should re-order when they have a balance of 55 legal pads.
How do you feel about the pandemic? Vaccinations? Masks?
Answer: Pandemic: awful. Vaccine: useful; get it. Masks: not really required, your still breathing your air, just through tiny gaps in fabric.
Explanation:
just my opinion.
What is mandatory spending? What are entitlements?
Spending that is necessary includes contributions to entitlement systems like Social Security and Medicare as well as required interest payments on the national debt.
What is national debt?A nation's total amount owed to creditors is known as its national debt. As a measure of a country's sustainability, economists frequently concentrate on the debt to GDP ratio.
Countries borrowing in a currency under their control have the option of issuing new money to pay off their debt. The rapidly expanding U.S. budget deficits in the upcoming years are projected to be made worse by rising interest rates and Social Security deficits.
At historic levels each month, the U.S. national debt is now in the tens of trillions of dollars. The ratio of the country's debt to its gross domestic product, or debt-to-GDP, is typically considered to be more significant than the nominal level of the national debt in dollars.
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an organization practicing ______ aims all its efforts at satisfying its customers—at a profit.
An organization practicing production orientation aims all its efforts at satisfying its customers—at a profit.
A control philosophy, idea, focus, or state of thoughts which emphasizes manufacturing techniques and unit-value reduction in place of the needs and wants of the goal marketplace; the orientation assumes that consumers will favor the merchandise which might be the maximum readily available and on the most lower priced prices and that attention on efficiencies in production and distribution will most simply reap the company's targets.
A manufacturing-orientated company commonly operates a mass manufacturing version and streamlines this production system for its product imparting. This orientation technique assumes that its customer value price, and consequently, it focuses on decreasing production costs to satisfy such rate needs of this customer base.
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what is not a disadvantage of using the payback period method?hard to calculateignores time value of moneyuses an arbitrary benchmarkbiased against long term projectnone of the above
Out of the following options, "none of the above" is not a disadvantage of using the payback period method.
What is the payback period method?The payback period method is a budgeting and financial analysis tool. It calculates the length of time required for a project to recover its initial investment cost. The payback period method does not account for the time value of money. However, it is still used in practice because of its simplicity and accessibility.
The payback period method's disadvantages are:
1. Hard to calculate - It requires estimations and predictions, which may be difficult and time-consuming
.2. Ignores the time value of money - It ignores the effect of inflation and interest rates on the cash flow stream. The payback period method does not consider the time value of money.
3. Uses an arbitrary benchmark - It only considers the payback period, which is determined by the management's preferences.
4. Biased against long-term projects - It favors short-term projects over long-term projects. This is due to the fact that long-term projects have longer payback periods and lower rates of return
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How are SI units supportive to traders?
Some common SI units
Mass=KgTemperature=KLuminous intensity=CandelaCurrent=AmperePressure=PaCreate a simple flowchart showing how a tax can result in a deadweight loss. Please I need help!
The simple flowchart that illustrates how tax results in a deadweight loss is Tax on a good → Price increase for consumers and decrease for producers → Reduction in quantity transacted in the market → Deadweight Loss → Inefficient allocation of resources.
The simplified flowchart to show the basic mechanism behind the deadweight loss caused by a tax. In reality, the size and shape of the deadweight loss can be influenced by various factors, such as the demand and supply elasticities, the size of the tax, the market structure, and the presence of externalities or public goods.
The flowchart is attached.
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What motivates you to do a good job other than a paycheck?
What is it called when businesses are doing poorly and stock prices drop?
Answer:
When a stock price falls, that means the company must sell additional shares of stock to raise the same amount of proceeds
Explanation:
The process of defining the objectives of a company and then developing a method to achieve those objectives is known as:_______
The process of defining the objectives of a company and then developing a method to achieve those objectives is known as: Strategic planning.
What is Strategic planning?Strategic planning can be defined as the process of setting up an objectives or goals and then planning how to achieve the sets objectives and goals.
A company or an organization that want to achieve their future goals must tend to make use of Strategic planning.
Therefore The process of defining the objectives of a company and then developing a method to achieve those objectives is known as: Strategic planning.
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when benefit is constant, how to manipulate the cost to have
positive NPV (Net present value).
"
These are the following three measures to get a positive Net present value given below.
The concept of net present value (NPV) is employed to examine the feasibility of long-term investments or projects. NPV is defined as the difference between the present value of cash inflows and the present value of cash outflows. The NPV of a project is negative if the cost of the project exceeds the current value of its cash inflows.
For a project to have a positive NPV, its current value of cash inflows must be greater than the cost of the project. To achieve positive NPV when the benefit is constant, the cost must be lowered.
In order to get a positive NPV, a company must take the following measures:
Reduce the upfront cost: Decrease the initial cost of the project in order to increase the NPV. This may be achieved by lowering material or labor costs or finding a cheaper alternative.Reduce the long-term expenses: By minimizing operating and upkeep costs, you may maximize your NPV. Using less energy, for example, lowers energy bills and increases cash inflows. Similarly, utilizing eco-friendly equipment or reducing labor costs via automation may help minimize long-term expenses.Reduce the discount rate: The present value of future cash inflows is influenced by the discount rate. The present value of future cash flows will increase if the discount rate is decreased. By decreasing the discount rate, a company can boost NPV.Learn more about Net present value from the given link.
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If your company increases its market penetration, what is happening?
A The target market is growing.
В. More people in the target market are buying the company's product.
C. The market saturation of the target market has decreased.
D. Competitors who offer similar products are entering the market.
Answer: More people in the target market are buying the company's product.
Explanation:
Answer:
B.
More people in the target market are buying the company's product.
Explanation:
The RMC Corporation blends three raw materials to produce two products: a fuel additive and a solvent base. Each ton of fuel additive is a mixture of 2/5 ton of material 1 and 3/5 ton of material 3. A ton of solvent base is a mixture of 1/2 ton of material 1, 1/5 ton of material 2, and 3/10 ton of material 3. RMC’s production is constrained by a limited availability of the three raw materials. For the current production period, RMC has the following quantities of each raw material: material 1, 20 tons; material 2, 5 tons; material 3, 21 tons. Management wants to achieve the following P1 priority level goals:
Goal 1: Produce at least 30 tons of fuel additive.
Goal 2: Produce at least 15 tons of solvent base.
Assume there are no other goals.
Is it possible for management to achieve both P1 level goals given the constraints on the amounts of each material available?
Raw Material Amount needed to Achieve Both P1 Goal
Treating the amounts of each material available as constraints, formulate a goal programming model to determine the optimal product mix. Assume that both P1 priority level goals are equally important to management. If you don't need the variable in the model, enter "0". If you need a negative number, enter minus sign with it. If necessary, enter the numbers as a common fraction.
Let x1 = the number of tons of fuel additive produced
x2 = the number of tons of solvent base produced
d1+ = the amount by which the number of tons of fuel additive produced exceeds the target value of 30 tons
d1- = the amount by which the number of tons of fuel additive produced is less than the target of 30 tons
d2+ = the amount by which the number of tons of solvent base produced exceeds the target value of 15 tons
d2- = the amount by which the number of tons of solvent base is less than the target value of 15 tons
Answer:
Goal 1: Produce at least 30 tons of fuel additive.
Goal 2: Produce at least 15 tons of solvent base.
Explanation:
To formulate the goal programming model, we need to set up the objective function and the constraints based on the given information. Let's define the decision variables and the deviation variables:
Decision variables:
Let x1 = the number of tons of fuel additive produced
Let x2 = the number of tons of solvent base produced
Deviation variables (amount by which the goals are exceeded or not met):
Let d1+ = the amount by which the number of tons of fuel additive produced exceeds the target value of 30 tons
Let d1- = the amount by which the number of tons of fuel additive produced is less than the target of 30 tons
Let d2+ = the amount by which the number of tons of solvent base produced exceeds the target value of 15 tons
Let d2- = the amount by which the number of tons of solvent base is less than the target value of 15 tons
Objective function:
Since both goals are equally important, we want to minimize the total deviations from the target values. The objective function is the sum of these deviations:
Minimize: Z = d1+ + d1- + d2+ + d2-
Constraints:
Material 1 constraint: The total material 1 used in producing fuel additive and solvent base cannot exceed the available 20 tons of material 1.
2/5 * x1 + 1/2 * x2 <= 20
Material 2 constraint: The total material 2 used in producing solvent base cannot exceed the available 5 tons of material 2.
1/5 * x2 <= 5
Material 3 constraint: The total material 3 used in producing fuel additive and solvent base cannot exceed the available 21 tons of material 3.
3/5 * x1 + 3/10 * x2 <= 21
Fuel additive production goal constraint: The fuel additive production should be at least 30 tons.
x1 + d1+ - d1- = 30
Solvent base production goal constraint: The solvent base production should be at least 15 tons.
x2 + d2+ - d2- = 15
Non-negativity constraints:
x1, x2, d1+, d1-, d2+, d2- >= 0
Now we have the complete goal programming model. The objective is to minimize the total deviations (d1+, d1-, d2+, d2-) from the target values while satisfying the material constraints and the production goals. The model can be solved using standard optimization techniques such as linear programming to find the optimal production mix.
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If you buy a home with less than 20% down, you will pay an additional monthly fee, PMi (private mortgage insurance), until you reach 20% equity. Keep track of when you reach 20% equity so you can request to have your PMi removed. Ken Buckmiller's home recently appraised at $304,000. His mortgage was for $289,000 at 5% for 30 years with PMI of $269,17 per month. What is his monthly payment plus PMi? His mortgage balance is currently $180,000. Has he reached 20% equity? (Use Table 15.1) (Do not round intermediate calculations. Round your answer to the nearest cent.) Amortization table (imostgege principal and interent per $1.000 )
To calculate Ken Buckmiller's monthly payment plus PMI, we need to consider the mortgage payment and the PMI separately.
1. Mortgage Payment:
The mortgage amount is $289,000, and the interest rate is 5% for 30 years. Using an amortization table, we can find the monthly payment per $1,000 of mortgage balance. Let's assume the value is $5.37 based on Table 15.1.
To calculate the monthly mortgage payment, we multiply the mortgage balance by the payment per $1,000:
Mortgage payment = $5.37 * ($289,000 / 1,000) = $1,550.93
2. PMI Payment:
The PMI amount is $269.17 per month.
3. Total Monthly Payment:
Total monthly payment = Mortgage payment + PMI payment
Total monthly payment = $1,550.93 + $269.17 = $1,820.10
To determine if Ken Buckmiller has reached 20% equity, we need to calculate the equity percentage based on the current mortgage balance and the appraised value of the home.
Equity percentage = (Mortgage balance / Appraised value) * 100
Equity percentage = ($180,000 / $304,000) * 100 = 59.21%
Since Ken Buckmiller's equity percentage is less than 20%, he has not reached 20% equity yet. He would need to continue making payments and reach an equity percentage of 20% to request the removal of PMI.
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The dataset below eBayAuctions.csv contains information on 1972 auctions transacted on eBay.com during May–June 2004. The goal is to use these data to build a model that will distinguish competitive auctions from non-competitive ones. A competitive auction is defined as an auction with at least two bids placed on the item being auctioned. The data include variables that describe the item (auction category), the seller (his or her eBay rating), and the auction terms that the seller selected (auction duration, opening price, currency, day of week of auction close). In addition, we have the price at which the auction closed. The goal is to predict whether or not an auction of interest will be competitive.
eBayAuctions.csv
In R Your Job is To:
Step 1:
Preprocess the Data:
Create dummy variables for the categorical predictors. These include Category (18 categories), Currency (USD, GBP, Euro), EndDay (Monday–Sunday), and Duration (1, 3, 5, 7, or 10 days).
Bin the scheduled departure time into eight bins (in R use function cut()).
Use these and all other columns as predictors (excluding DAY_OF_MONTH).
Partition the data into training and validation sets.
Step 2:
Once you've preprocessed the data, complete the following:
Create pivot tables for the mean of the binary outcome (Competitive?) as a function of the various categorical variables (use the original variables, not the dummies). Use the information in the tables to reduce the number of dummies that will be used in the model. For example, categories that appear most similar with respect to the distribution of competitive auctions could be combined.
Split the data into training (60%) and validation (40%) datasets. Run a logistic model with all predictors with a cutoff of 0.5. If we want to predict at the start of an auction whether it will be competitive, we cannot use the information on the closing price. Run a logistic model with all predictors as above, excluding price. How does this model compare to the full model with respect to predictive accuracy? Then:
Run a logistic model with all predictors as above, excluding price. You need to do this because if we want to predict at the start of an auction whether it will be competitive, we cannot use the information on the closing price. Then:
Tell me: How does this model compare to the full model with respect to predictive accuracy? Then:
Interpret the meaning of the coefficient for closing price. Does closing price have a practical significance? Is it statistically significant for predicting competitiveness of auctions? (Use a 10% significance level.)
Use stepwise selection (use function step() in the stats package or function stepAIC() in the MASS package) and an exhaustive search (use function glmulti() in package glmulti) to find the model with the best fit to the training data. Which predictors are used?
Use stepwise selection and an exhaustive search to find the model with the lowest predictive error rate (use the validation data). Which predictors are used? Then Tell Me:
What is the danger of using the best predictive model that you found?
Why the best-fitting model and the best predictive models are the same or different.
If the major objective is accurate classification, what cutoff value should be used?
Based on these data, what auction settings set by the seller (duration, opening price, ending day, currency) would you recommend as being most likely to lead to a competitive auction?
I'm sorry, but as a text-based AI, I don't have the capability to directly pre process and analyze data or perform specific tasks in R. However, I can provide you with some guidance on how to approach the given tasks.
Step 1: Pre processing the Data
Load the dataset (eBayAuctions.csv) into your R environment.
Create dummy variables for the categorical predictors (Category, Currency, EndDay, and Duration) using appropriate functions in R (e.g., dummyVars() or model.matrix()).
Bin the scheduled departure time into eight bins using the cut() function in R.
Partition the data into training and validation sets, using a 60% - 40% split. You can use the createDataPartition() function from the caret package to achieve this.
Step 2: Model Building and Evaluation
Create pivot tables to analyze the relationship between the binary outcome (Competitive?) and the various categorical variables. Use these tables to identify categories that can be combined to reduce the number of dummy variables used in the model.
Split the data into training and validation datasets (already done in Step 1).
Fit a logistic regression model with all predictors (including the generated dummy variables) using the training dataset.
Assess the predictive accuracy of the logistic model by evaluating it on the validation dataset.
Fit another logistic regression model excluding the closing price variable and compare its predictive accuracy to the full model. Use the validation dataset for evaluation.
Interpreting the coefficients and significance:
Examine the coefficient for closing price in the logistic model that includes it. Determine its practical significance and statistical significance at a 10% significance level.
Interpret the meaning of the coefficient for closing price, considering its influence on the competitiveness of auctions.
Stepwise selection and exhaustive search:
Use stepwise selection (e.g., step() function) and an exhaustive search (e.g., glmulti() function from the glmulti package) to find the model with the best fit to the training data. Identify the predictors included in this model.
Use the same stepwise selection and exhaustive search techniques to find the model with the lowest predictive error rate using the validation data. Identify the predictors included in this model.
Danger of using the best predictive model:
Explain the potential danger of relying solely on the best predictive model found. Consider issues like overfitting, sensitivity to data changes, and generalization to new data.
Comparison between best-fitting and best predictive models:
Discuss whether the best-fitting model and the best predictive model are the same or different, based on your findings.
Cutoff value for accurate classification:
Determine the optimal cutoff value that should be used for accurate classification. You can use evaluation metrics like ROC curves, precision-recall curves, or cost-sensitive analysis to determine the cutoff.
Recommended auction settings for competitiveness:
Analyze the coefficients and significance of the predictors related to auction settings (duration, opening price, ending day, currency) to identify the settings most likely to lead to a competitive auction.
Remember to refer to R documentation and relevant statistical packages for specific syntax and functions to perform the required tasks.
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Compounding frequency and time value Personal Finance Problem You plan to invest $1,900 in an individual retirement arrangement (IRA) today at a nominal annual rate of 7%, which is expected to apply to all future years. a. How much vwill you have in the account at the end of 9 years if interest is compounded (1) annually, (2) semiannually, (3) daily (assume a 365-day year), and (4) continuously? b. What is the effective annual rate, EAR, for each compounding period in part a? c. How much greater will your IRA balance be at the end of 9 years if interest is compounded continuously rather than annually? d. How does the compounding frequency affect the future value and effective annual rate for a given deposit? Explain in terms of your findings in parts a through c.
The annual compounding is calculated as $ 3493.07. The calculations are given as follows:
Amount = Principal (1+r)n
where r is the interest rate per period & "n" is no.of periods
Amount, if int compounded annually:
Amount = $ 1900 (1+0.07)9
= $ 1900(1.07)9
= $ 1900*1.8385
= $ 3493.07
Amount, if int compounded semi-annually:
Amount = Principal (1+r)n
= $1900(1+0.035)18
= $1900(1.035)18
= $1900*1.8575
= $3529.23
Amount, if int compounded Daily:
Amount = Principal (1+r)n
= $1900(1+0.000192)3285
=$1900*1.8775
= $ 3567.25
Amount, if int compounded continuously:
Amount = Principal* ert
= $1900*e0.07*9
= $1900*e0.63
= $1900*1.8776
= $3567.46
2. Computation of Effective rate:
Compounding Particulars Formula Annually Semi Annually Daily Continously alculation(1+0.07)1-1(1+0.035)A2-1(1+0.000192) 365-1
Due to rounding off diff, we are having daily compounding effective int rate is more than continuous compounding effective int rate.
3. Excess amount in continuous compounding rather than Annual compounding:
Amount in continuous compounding = $ 3567.46
Amount in annual compounding = $ 3493.07
Difference = $74.39
4. If compounding frequency increases, interest will be calculated on principal & interest more frequently.
Thus it will be calculated on the accumulated amount results into int on int and leads to a higher amount in case of multiple compoundings.
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Innovative team firms should have managers who provide ________, ________, and perspective to the team.
Based on firms' strategies, Innovative team firms should have managers who provide Support, Guidance, and perspective to the team.
This is because firms that focus on innovation would make many mistakes or trials and errors before the actual innovation of their products is made.
Thus, in these situations, employees need managers that can provide supports and encouragement for them to build on their innovative ideas so as not to fear sanctions or penalties if things go wrong.
The employees also need guidance and perspectives from their managers to quickly and correctly transform their innovative ideas into reality.
Hence, in this case, it is concluded that the correct answer is "Support and Guidance, " accordingly.
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On September 30, 2021, Athens Software began developing a software program to shield personal computers from malware and spyware. Technological feasibility was established on February 28, 2022, and the program was available for release on April 30, 2022. Development costs were incurred as follows: September 30 through December 31, 2021 $ 2,200,000
January 1 through February 28, 2022 800,000
March 1 through April 30, 2022 400,000
Athens expects a useful life of four years for the software and total revenues of $5,000,000 during that time. During 2022, revenue of $1,000,000 was recognized.
Required:
Prepare a journal entry in each year to record development costs for 2021 and 2022.
The journal entries to record the development costs for the software program in 2021 and 2022 are as follows:
In 2021:
Debit: Development Costs (asset account) - $2,200,000
Credit: Cash - $2,200,000
In 2022:
Debit: Development Costs (asset account) - $1,200,000
Credit: Cash - $1,200,000
The development costs for the software program are recorded as an asset on the balance sheet until the program is available for release. Once the technological feasibility is established, the costs can be capitalized and recorded as an intangible asset.
In 2021, from September 30 to December 31, Athens Software incurs development costs of $2,200,000. To record this expense, we debit the Development Costs asset account and credit the Cash account for the same amount, indicating the cash outflow.
In 2022, from January 1 to February 28, Athens incurs additional development costs of $800,000, and from March 1 to April 30, incurs $400,000. However, since technological feasibility was established on February 28 and the software was available for release on April 30, only the costs incurred after February 28, totaling $1,200,000, can be capitalized. Similar to the previous entry, we debit the Development Costs asset account and credit the Cash account for $1,200,000.
It's important to note that no revenue is recorded in the journal entries for development costs. Revenue recognition occurs separately and is based on the company's estimates of total revenues from the software program over its useful life.
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breilfy explain the differenc between discentionary and mandatory government spending
Answer:
The difference between discentionary and mandatory government spending is whether spending is dictated by prior law or voted on in the annual appropriations process.
Explanation:
Discentionary spending is money formally approved by the government during the appropriations process each year.
Mandatory spending is based on laws previously enacted that dictate the money budgeted for spending each year.
Discretionary government spending refers to a type of spending where the spending budget is subject to change yearly as determined by Congress, while mandatory government spending refers to the portion of the federal budget that is required by law and does not require annual congressional approval.
What is government spending?The term government spending refers to the use of public funds by a government to pay for various goods, services, and programs that are intended to benefit society.
There are basically two type types of government spending:
discretionarymandatoryFor example, spending on things like defense, education, and transportation constitutes discretionary spending as the amount to be spent each year can change based on the discretion of Congress. While spending on things like social security and medicare constitutes mandatory spending as they require no congressional approval.
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From the list below select the business and in retail industry
The business in the retail industry from the list below is: C. Department store.
What is the retail industry?The retail industry involves businesses that sell finished goods directly to customers for personal or household consumption. Therefore, the business from the list that is in the retail industry is the one that sells finished goods.
A. City Park is a public recreational area and does not sell finished goods, so it is not in the retail industry.
B. A Doctor's office provides medical services and does not sell finished goods, so it is not in the retail industry.
C. A Department store is a retail business that sells a wide variety of finished goods such as clothing, footwear, accessories, home furnishings, appliances, and electronics, among others, so it is in the retail industry.
D. A Car Repair Shop provides automotive repair and maintenance services and does not sell finished goods, so it is not in the retail industry.
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The complete question is:
From the list below select the business and in retail industry
O A. City Park
O B. Doctor's office
O C. Department store
O D. Car Repair Shop
Australia has decided it will no longer feature what on its paper currency?