X-Mart purchased $300 of merchandise on account. Demonstrate the journal entry to record this transaction, assuming the perpetual inventory system is used. A. Credit Merchandise Inventory $300; debit Accounts Payable $300. B. Debit Merchandise Inventory $300; credit Accounts Payable $300. C. Debit Purchases $300; credit Accounts Payable $300.D. Debit Merchandise Inventory $300; credit Sales $300.
Answers
The correct journal entry to record the transaction of X-Mart purchasing $300 of merchandise on account, assuming the perpetual inventory system is used would be Debit Merchandise Inventory $300; credit Accounts Payable $300. So, the correct option is B.
This is because the perpetual inventory system maintains a continuous record of inventory balances and uses the Merchandise Inventory account to track the cost of goods sold.
The debit to Merchandise Inventory increases the value of inventory on hand, while the credit to Accounts Payable reflects the fact that X-Mart has purchased the merchandise on credit and owes payment to the supplier.
Option A, which credits Merchandise Inventory and debits Accounts Payable, would be incorrect because it would result in overstating the value of inventory on hand.
Option C, which debits Purchases and credits Accounts Payable, is not necessary in a perpetual inventory system since the cost of purchases is directly recorded in the Merchandise Inventory account. Option D, which debits Merchandise Inventory and credits Sales, is also incorrect since the transaction involves a purchase, not a sale.
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Related Questions
marc corp. has a job-order costing system. the following debits (credits) appeared in the work in process account for the month of may: marc applies overhead to jobs at a predetermined rate of 80% of direct labor cost. job no. 23, the only job still in process at the end of may has been charged with direct labor of $5,000. the amount of direct materials charged to job no. 23 was: $6,250 $7,500 $13,000 $17,000
Answers
The amount of direct supplies charged to task no. 23 is $6,250, according to the query.
To determine the amount of direct materials charged to job no. 23, we need to use the predetermined overhead rate and the direct labor cost. Since the predetermined overhead rate is given as 80% of direct labor cost, we can calculate the direct materials charged as follows:
Direct Labor Cost = $5,000
Predetermined Overhead Rate = 80%
Direct Materials Charged = Direct Labor Cost / Predetermined Overhead Rate
Direct Materials Charged = $5,000 / 0.80
Direct Materials Charged = $6,250
Therefore, the amount of direct materials charged to job no. 23 is $6,250.
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Why is profit maximization supposedly not the most important goal of a company? Explain your answer by citing real life situations
Answers
Answer:
Profit maximization refers to a method adopted by the company to earn more amount of profit through its business operations and investments. Under this, a firm focuses that every decision should contribute profit in the account of the organization.
Explanation:
which statement best summarizes the economic theories of adam smith
Answers
Answer: Economies work best when government leave businesses alone.
Explanation:
Someone has shared some information with you without proof, therefore you dismiss it as a __________. Later on that day, you hear others repeating the information, you now realize that everyone involved in sharing the unofficial information, has become a part of the _________________.
Answers
Answer: Rumors
Explanation: i had this topic last year
What are the advantages and disadvantages of the three primary business writing formats?
Answers
Answer and Explanation:
The business writing formats benefits and disadvantages of the three primary business writing formats are described below:-
A memorandum is a formal define that it is the way of communication that enables corporations to connect with their workers. This is typically used to distribute updates or issues.
Memos are highly increasingly being replaced by e-mail, so sending a memo is more difficult and costly. Therefore, a Business Letter is a structured communication method that's best used to connect with clients.
It generally takes more time to write and format a business letter than to write an email or memo.
As we know that an Email is easy to send and priceless, and make enable to send message to many people at a time also Many unwritten e-mails etiquette rules and can be too casual for many business purposes.
Business writing formats includes the use of memorandum, email business letters etc. The advantages and disadvantages of the three primary business writing formats are:
A Memorandum: (Advantages)
This is simply a formal, internal communication tool which allows companies to communicate with their employees. It is known to be used to deliver announcements or problems.Disadvantages
Memos are said to be rapidly been replaced by e-mail due to the fact that it is more complicated and expensive to deliver a memo.Business letters (Advantages)
A Business Letter is simply known as a formal communication tool which is utilized for communicating with customers.Disadvantages
Writing and formatting a business letter often takes more time than composing a memo or e-mail.Emails (Advantages)
E-mail is quick, easy and cheap, and allows you to send messages instantly to any number of people.Disadvantages
E-mail has too much unwritten rules to follow (etiquette) and it is too informal for many business purposes.Learn more from
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A company sells equipment for $5,000. The original cost was $50,000. The
accumulated depreciation is $45,000. The sale results in
O A. a gain of $1,000
a
B. neither a gain nor a loss
O c. a loss of $1,000
D. a gain of $5,000
Answers
Assuming the company sells equipment for $5,000 and the original cost was $50,000. The sale results in: B. neither a gain nor a loss
Gain or lossFirst step is to calculate the book value using this formula
Book value=Original cost-Accumulated depreciation
Let plug in the formula
Book value=$50,000-$45,000
Book value= $5,000
Second step
Since the proceeds (equipment) is the amount of $5,000 in which the book value is as well $5,000 there is neither gain nor a loss.
Inconclusion the sale results in: B. neither a gain nor a loss.
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the employer records the amount of federal income tax withheld as: multiple choice an asset. a payroll tax expense. a liability. an expense.
Answers
the employer records the amount of federal income tax withheld as a liability.
The federal income tax is levied against the yearly profits of people, companies, and other legal entities. Federal income taxes are due on all compensation, including salaries, monetary gifts from employers, business profits, tips, winnings from gaming, bonuses, and unemployment benefits.
National programs including national defense, veterans and foreign affairs, social programs, physical, human, and communal development, law enforcement, and interest on the national debt are funded in part by federal income taxes. You may learn more about withholding by using these resources.
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How do premium, copay, coinsurance, deductible, and out-of-pocket maximum all work together in the world of health insurance?
Answers
You pay any remaining deductible plus the coinsurance payment percentage. For example, let's say your coinsurance is 20 percent, meaning you're responsible for paying 20 percent of any doctor's bill. ... Once your out-of-pocket maximum has been met the plan pays 100 percent for covered in-network services
Haul’m-in Marine manufactures diesel engines for shrimp trawlers and other small commercial boats. One of their CNC machines has caused several problems. Over the past 30 weeks, the machine has broken down as indicated below. Each time the machine breaks down, the firm loses an average of $3,000 in time and repair expenses. If preventive maintenance were implemented, it is estimated that an average of only one breakdown per week would occur. The cost of preventive maintenance is $1,000 per week. What is the weekly total maintenance cost of this program?
Number of breakdowns per week
0
1
2
3
4
Frequency (Number of weeks that breakdowns occurred)
8
3
5
9
5
A. $1,000
B. $3,000
C. $4,000
D. $6,000
E. $8,000
Answers
Answer:
The right solution is Option C "$4,000".
Explanation:
The given values are:
Breakdown cost,
= $3,000
Per week cost of preventive maintenance,
= $1,000
Breakdown per week,
= 1
Now,
The cost per week will be:
= \(Breakdown \ cost+Cost \ of \ preventive \ maintenance\)
On substituting the values, we get
= \(3000+1000\)
= \(4,000\) ($)
Samantha and Brenda are cousins who jointly own property. They are both named on the deed, they received title at the same time, they have the right of survivorship, and they each have equal interest and undivided rights of possession. What type of ownership do they have
Answers
The type of ownership that Samantha and Brenda have is called joint tenancy with right of survivorship. In joint tenancy, each co-owner has an equal and undivided interest in the property. This means that both Samantha and Brenda have an equal right to possess and use the property.
With the right of survivorship, if one co-owner passes away, their interest in the property automatically passes to the surviving co-owner(s) without the need for probate or any additional legal process. This ensures that the property remains with the surviving owner(s) and does not become part of the deceased co-owner's estate. In this case, Samantha and Brenda both have their names on the deed, received title at the same time.
In summary, Samantha and Brenda have joint tenancy with right of survivorship, which means they have equal ownership and if one of them passes away, the other will automatically inherit the deceased co-owner's share of the property. Samantha and Brenda have joint tenancy with right of survivorship.
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How does loadshedding affect consumers in South Africa?
Answers
Answer:
The load shedding break-out caught many unsuspecting South African households unaware as little to nothing had been announced about it. Businesses, especially petrol stations without any form of back-up energy were forced to close shop for close to five hours while others quickly cranked their generators to life just to keep the lights and the pumps on. Individual households were not spared either as they were also left in the darkness. The South African Insurance Association is acutely aware of the risks that comes with such intermittent power surges to household appliances.
Explanation:
differentiate moist heat method from dry heat method
Answers
Moist heat and dry heat are two methods of sterilization that are used to kill microorganisms.
The main differences between the two methods are as follows:
Temperature: Moist heat sterilization requires a higher temperature than dry heat sterilization. Moist heat sterilization is typically performed at temperatures between 121°C and 134°C (250°F to 275°F), while dry heat sterilization is typically performed at temperatures between 120°C and 140°C (250°F to 284°F).
Method: Moist heat sterilization involves using steam to sterilize instruments and other materials, while dry heat sterilization involves using heat in the form of hot air to sterilize items.
Time: Moist heat sterilization typically requires a shorter time than dry heat sterilization. Moist heat sterilization can be completed in as little as 30 minutes, while dry heat sterilization can take several hours.
Effectiveness: Both moist heat and dry heat sterilization are effective at killing microorganisms, but moist heat sterilization is generally considered to be more effective at killing spores and other heat-resistant organisms.
Overall, the choice between moist heat and dry heat sterilization will depend on the specific needs of the materials being sterilized and the equipment available.
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What is the option buyer's total profit or loss per share if a call option is purchased for $5, has a $50 exercise price, and the stock is valued at $53 at ...
Answers
The option buyer's total profit or loss per share when purchasing a call option for $5 with a $50 exercise price and a stock valued at $53 is a profit of $3 per share.
To calculate the option buyer's profit or loss, we need to consider the exercise price and the stock value at expiration. In this case, the exercise price is $50, and the stock is valued at $53 at expiration.
If the stock price is above the exercise price at expiration, the call option is in-the-money. The option buyer can exercise the option and buy the stock at the exercise price, which is lower than the market value.
In this scenario, since the stock price is $53 and the exercise price is $50, the call option is in-the-money. The option buyer can purchase the stock at $50 and immediately sell it at the market price of $53, resulting in a profit of $3 per share.
Since the option buyer paid $5 to purchase the call option, the total profit per share would be $3 - $5 = -$2. Therefore, the option buyer would experience a loss of $2 per share.
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Karen works in a department store. Her coworkers have diverse cultural backgrounds. Which statement shows that Karen understands the importance of multiculturalism?
A.
She values a consistent focus on knowing and completing her daily tasks.
B.
She expects everyone to conform to the same ideas about punctuality.
C.
She appreciates how other perspectives enhance customers’ shopping experiences.
D.
She values completing a job on schedule more than taking time to build relationships.
Answers
A.
She values a consistent focus on knowing and completing her daily tasks.Answer:
Explanation:
gateway communications is considering a project with an initial fixed assets cost of $1.49 million that will be depreciated straight-line to a zero book value over the 9-year life of the project. at the end of the project the equipment will be sold for an estimated $246,000. the project will not change sales but will reduce operating costs by $411,000 per year. the tax rate is 34 percent and the required return is 12.1 percent. the project will require $55,000 in net working capital, which will be recouped when the project ends. what is the project's npv?
Answers
Answer:
im not for sure but goodluck!
Explanation:
im sorry i just need to answer a random question for something
how did roosevelt use the power of the federal government to change business practices?
Answers
Roosevelt used the federal government's power to alter business practices by having the government prosecute damaging trusts under Sherman antitrust law of 1890.
What exactly are business practices?Information about property rights, business plans, finances, goods and services, mfg methods and procedures expenditures, source of supply, marketing and promotion strategies, customer databases, financial records, pricing strategies, employees, and business relationships are all considered to be part of business practices.
How can business practices be improved?Business Practice Improvement (BPI) conducts research and analytics to simplify and reduce redundancies in order to give outcome-based, data-driven solutions for business processes and complicated problems. To prevent legal and regulatory issues, it's critical for businesses to conduct themselves with integrity.
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How to calculate momentum?
Answers
Answer:
p=mv
Explanation:
the formula for momentum is
p=mv
Answer:
By multiplying mass and velocity
Explanation:
a machine with a cost of $146,000 accumulated depreciation of 93,000 and current year depreciation expense of $21,000 is sold for 46,000 cash the amount that should be reported as a source of cash under cash flows from investing activities is
Answers
The amount that should be reported as a source of cash under cash flows from investing activities is $99,000.
When a machine with a cost of $146,000, accumulated depreciation of $93,000, and current year depreciation expense of $21,000 is sold for $46,000 cash, the amount that should be reported as a source of cash under cash flows from investing activities is the difference between the cash received from the sale of the machine and the net book value of the machine.
To calculate the net book value of the machine, we first need to subtract the accumulated depreciation from the cost of the machine. So, the net book value of the machine is $146,000 - $93,000 = $53,000.Next, we subtract the net book value of the machine from the cash received from the sale of the machine to find the amount that should be reported as a source of cash under cash flows from investing activities. So, $46,000 - $53,000 = -$7,000. Since the result is negative, it indicates that the sale of the machine generated a cash outflow rather than a cash inflow.
However, since we are asked to report the amount as a source of cash, we take the absolute value of the result to get $7,000.Finally, we add the current year depreciation expense of $21,000 to this result to get the final answer: $7,000 + $21,000 = $28,000. But we need to remember that this amount is negative since it represents a cash outflow. Therefore, the final answer is $99,000 (positive value of $28,000).
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What are the approaches for learning Economics effectively?
Answers
1. Consider a market with demand given by q=a−bp,a,b>0, and supply given by q=−c+dp,c,d>0, where q is quantity and p is price. Find the equilibrium price and quantity and determine how they change with respect to parameters a,b,c and d, that is, find all the partial derivatives. Determine the signs of these derivatives and interpret the results.
Answers
Changes in parameters affect the equilibrium price and quantity: a higher a increases the equilibrium price, a higher b lowers the equilibrium price, a higher c lowers the equilibrium price, and a higher d increases the equilibrium price.
What is the impact of changes in parameters on the equilibrium price and quantity in the given market?The equilibrium price and quantity in the given market can be found by setting the demand and supply equations equal to each other and solving for p and q.
Equating the demand and supply equations:
a - bp = -c + dp
To find the equilibrium price (p*), we solve the equation for p:
p* = (a + c) / (b + d)
To find the equilibrium quantity (q*), we substitute the equilibrium price back into either the demand or supply equation:
q* = a - b(p*) or q* = -c + d(p*)
Now, let's analyze the partial derivatives and their interpretations with respect to the parameters a, b, c, and d.
1. Partial derivative with respect to a:
∂p*/∂a = 1 / (b + d)
This derivative measures the sensitivity of the equilibrium price to changes in parameter a. A larger value of a leads to a higher equilibrium price, as the demand curve shifts outward.
2. Partial derivative with respect to b:
∂p*/∂b = -1 / (b + d)
This derivative represents the impact of changes in parameter b on the equilibrium price. A higher value of b results in a lower equilibrium price, as the demand curve becomes steeper.
3. Partial derivative with respect to c:
∂p*/∂c = 1 / (b + d)
This derivative indicates how changes in parameter c affect the equilibrium price. A larger value of c leads to a lower equilibrium price, as the supply curve shifts outward.
4. Partial derivative with respect to d:
∂p*/∂d = -1 / (b + d)
This derivative measures the sensitivity of the equilibrium price to changes in parameter d. An increase in d results in a higher equilibrium price, as the supply curve becomes steeper.
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Suppose that the real interest rate is equal to seven percent and the expected inflation rate is currently three percent. If an oil crisis in the middle east increases the expected inflation rate to four percent, the new nominal interest rate is equal to.
Answers
The new nominal interest rate is equal to 11 percent.
i = R + h (where i = nominal interest rate, R= real interest rate and h= inflation rate)
i = 7 + 4
i = 11%
The interest rate that banks, debt issuers, and investment companies promote for loans and different types of investments is known as the nominal interest rate. It is the specified interest rate that is earned or paid by the inflation or lender. Therefore, if you as a borrower receive a $100 loan at a rate of 6%, you can anticipate paying an interest fee of $6.
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(look at the graph)
a) if the terms of trade are 4 chips for 1 pretzel, would trade be advantageous for Luxland? explain.
b) if the terms of trade are 4 chips for 1 pretzel, would trade be advantageous for Leanderland? explain.
Answers
Answer:
a) if the terms of trade are 4 chips for 1 pretzel, would trade be advantageous for Luxland? explain.
Yes, it is advantageous for Luxland. On its own, Luxland can only produce 1 chip for 1 pretzel, but with trade, 1 pretzel would now be equivalent to 4 chips, representing a net gain of 3 chips.
b) if the terms of trade are 4 chips for 1 pretzel, would trade be advantageous for Leanderland? explain.
No, trade would not be advantageous. We can see than domestically, Leanderland can produce 2 pretzels for every chip, because the graph shows that 4 chips are equivalent to 8 pretzels for this nation.
For trade to be advantageous, Leanderland should obtain at least 9 pretzels for the 4 chips.
A) The terms of trade will be advantageous for Luxland because, according to the graph, it can produce only one chip for Pretzel.
However, If it decides to trade, it would accrue a gain of 3 additional chips under the 4 chips to 1 Preztel arrangement.
B) Already, Leanderland gets 1 chip for 4 pretzels. Therefore, it will be disadvantageous for it to accept 4 chips for 1 pretzel trade arrangement. The above question seeks to highlight the comparative advantages of Leanderland and Luxland.
What is Comparative Advantage?When an economy or country has the ability to manufacture a good or service at a lower opportunity cost than its trading partners, it is said to have a comparative advantage. In the graph above, Luxland has a comparative advantage with the production of Chips.
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answer the question in the pic.
Answers
Answer:
Uhhhhhhh There's no picture.
Answer:
what pic
Explanation:
The Reynolds Corporation buys from its suppliers on terms of 2/11, net 60. Reynolds has not been utilizing the discounts offered and has been taking 60 days to pay its bills. Ms. Duke, Reynolds Corporation's vice president, has suggested that the company begin to take the discounts offered. Duke proposes that the company borrow from its bank at a stated rate of 16 percent. The bank requires a 12 percent compensating balance on these loans. Current account balances would not be available to meet any of this compensating balance requirement. a. Calculate the cost of not taking a cash discount. (Use a 360-day year. Do not round intermediate calculations, Input your answer as a percent rounded to 2 decimal places.) ellook Cost of not taking a cash discount Hint Print b. What is the effective rate of interest on the bank loan? (Use a 360-day year. Do not round intermediate calculations. Input your answer as a percent rounded to 2 decimal places.) References Effective rate of interest % c. Do you agree with Duke's proposal?
Answers
The effective rate of interest on the bank loan is approximately 18.18%.
To calculate the cost of not taking a cash discount, we need to consider the interest expense incurred by not taking the discount and paying the bills after 60 days.
a. Cost of not taking a cash discount:
The discount terms offered are 2/11, net 60. This means that if the company pays within 11 days, it can take a 2% discount. Otherwise, it must pay the full amount within 60 days.
Since the company is not utilizing the discount and taking the full 60 days to pay, we can calculate the cost of not taking the discount as follows:
Cost of not taking a cash discount = (Discount % / (1 - Discount %)) x (360 / (Payment Days - Discount Days))
Discount % = 2% = 0.02
Payment Days = 60 days
Discount Days = 11 days
Cost of not taking a cash discount = (0.02 / (1 - 0.02)) x (360 / (60 - 11))
Calculating the above expression, we find:
Cost of not taking a cash discount ≈ 0.0489 or 4.89%
Therefore, the cost of not taking a cash discount is approximately 4.89%.
b. To calculate the effective rate of interest on the bank loan, we need to account for the stated rate of interest and the compensating balance requirement.
Effective rate of interest:
Stated rate of interest = 16%
Compensating balance requirement = 12%
Effective rate of interest = Stated rate of interest / (1 - Compensating balance requirement)
Effective rate of interest = 16% / (1 - 12%)
Calculating the above expression, we find:
Effective rate of interest ≈ 18.18%
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first come first serve
Answers
Answer:
hiiii
thanks for the free points
Answer:
hi hello
Explanation:
:) :) :):) :) :) :)
Goods available for sale equals: O Cost of Goods Sold plus ending inventory, O Cost of Goods Sold minus ending inventory. O Beginning inventory plus Cost of Goods Sold.O Beginning inventory plus Purchases minus Cost of Goods Sold.
Answers
The cost of items that are produced or purchased and the initial inventory are combined to determine the cost of commodities that are offered for sale.
What do you mean by inventory?All of the items, materials, products, and merchandise that a business has on hand and intends to sell to clients for a profit are collectively referred to as inventory. If the vendor uses a vehicle to deliver newspapers to customers, only the newspaper will be counted as inventory. The car would be treated as a valuable asset. In accounting, the phrase "inventory" refers to products that are being prepared for sale at various stages, such as: complete products (that are available to be sold) Work-in-progress (meaning in the process of being made) (meaning in the process of being made) Basic components (to be used to produce more finished goods)
How to calculate inventory and why inventory is important?The cost of products sold must be determined in order to calculate initial inventory (COGS). The cost of new inventory acquisitions should then be subtracted from the value of the most current ending inventory and added. (COGS + ending inventory) - purchases is the equation.
Regardless of the size of your business, having a strong inventory management system is essential. It can help you keep track of all your items and calculate the exact costs. Additionally, it can assist you in handling rapid variations in demand without compromising customer happiness or product quality.
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why do your feet stink
Answers
Answer:
feet become smelly if sweat soaks into shoes and they don't dry before you wear them again. Bacteria on the skin break down sweat as it comes from the pores.
If an acre of cotton requires $300 of operating capital and 4 hours of labor, and a farm has 800 acres of land, 2000 hours of labor, and $210,000 of operating capital available, the maximum number of acres of cotton that can be grown is
Answers
The maximum number of acres of cotton that can be grown is 500 acres.
$210,000 / $300 per acre = 700 acres
Next, let's calculate the maximum number of acres that can be supported by the available labor:
2,000 hours / 4 hours per acre = 500 acres
Finally, we need to determine the smaller of the two numbers, as that will be the limiting factor in how many acres can be grown:
Minimum of 700 acres and 500 acres = 500 acres
Grown refers to the process of cultivating plants or crops for agricultural purposes. It is an essential activity for feeding the world's population, as crops provide food, fuel, and fiber. Farmers and agricultural workers grow a variety of crops, including grains like rice, wheat, and corn, vegetables like potatoes, carrots, and broccoli, and fruits like apples, oranges, and strawberries. Other crops grown include cotton, tobacco, and sugarcane.
The process of growing crops involves several stages, such as preparing the soil, planting seeds, fertilizing, irrigating, and protecting plants from pests and diseases. Modern agricultural practices also involve the use of technology and machinery to enhance crop production and efficiency.
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John Brown lived in a family that always used the phrase "a penny for your thoughts?" John works at a company with 400 employees (not including himself) and is known for his humorous editorials on current events. One day John decided to start a work editorial e-mail called A Penny For My Thoughts. In the daily e-mail (he even sent them on weekends and holidays), John sent out his editorial comment for the day and simply asked that his co-workers repay him for his thoughts at the going rate of one penny per person. In other news, John is trying to save up money for a 10% downpayment to buy a new $180,000 house. John banks where he can get a 10% rate of return and even daily compounding of interest. If John invests his "Penny for My Thoughts" earnings each day, how many years would it take for him to come up with his downpayment?
Answers
It would take John approximately 7.68 years to save up for his downpayment by investing his "Penny for My Thoughts" earnings each day.
Assuming all 400 employees (excluding John) participate in John's "Penny for My Thoughts" and pay him one penny each day, John would earn 400 * $0.01 = $4.00 per day.
To calculate the number of years it would take for John to save up for his downpayment, we can use the future value formula:
\(FV = PV * (1 + r/n)^(n*t)\)
where:
FV = future value (in this case, $18,000)PV = present value (in this case, $0)r = interest rate (10% or 0.1)n = number of times interest is compounded per day (365 for daily compounding)t = time (in years)We can solve for t by rearranging the formula:
\(t = log(FV/PV) / (n * log(1 + r/n))\)
Plugging in the values, we get:
t = log(18000/0) / (365 * log(1 + 0.1/365))
t = 7.68 years (rounded to two decimal places)
Therefore, it would take John approximately 7.68 years to save up for his downpayment by investing his "Penny for My Thoughts" earnings each day.
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Rising interest rates have made borrowing more costly to consumers. As a result
of the most recent increase in interest rates, borrowing and consumption have
fallen throughout the economy, triggering a contractionary period. Growing
uneasy, citizens have been asking Congress to make an official statement as to
how long this contractionary period is expected to last. Which of the following is
an appropriate response?
Answers
Answer:
it depends on the measures taken to ensure that economy is stable.
Answer:
1. it is difficult to say since contractionary periods have varying lengths in different business cycles.
2. shock
3. high unemployment
4. two
5. expansion stage of the business cycle
Explanation:
just took it