a. The profit for the Starter model in year 1 is $384,000 and for the Pro model is $1,648,000.
b. The product line profits for the Pro model in year 2 assuming the Starter model was not produced or sold is $2,464,000.
a. Starter Model:
Profit = (Sales Price x Units Sold) – (Direct Materials x Units Sold) – (Direct Labour x Units Sold) – Overhead
Profit = (32 x 12,000) – (86 x 12,000) – (102 x 12,000) – $2,424,800
Profit = $384,000
Pro Model:
Profit = (Sales Price x Units Sold) – (Direct Materials x Units Sold) – (Direct Labour x Units Sold) – Overhead
Profit = (606 x 4,000) – (102 x 4,000) – (127 x 4,000) – $2,424,800
Profit = $1,648,000
b. According to an analysis of overhead, the amount would be $1,412,000 without the Starter model. Suppose that in year 2, all other revenues and expenses would be the same for the Pro model. Calculate the Pro model's product line profits in year two assuming the Starter model wasn't manufactured or sold.
Pro Model:
Profit = (Sales Price x Units Sold) – (Direct Materials x Units Sold) – (Direct Labour x Units Sold) – Overhead
Profit = (606 x 4,000) – (102 x 4,000) – (127 x 4,000) – $1,412,000
Profit = $2,464,000.
Complete Question:
McClellan Recreation manufactures and sells two models of paddle boards: Starter and Pro. The Starter model is a basic board used for instruction and purchased by novices. The Pro model is made with premium materials and comes with several accessories. The boards are produced to order, and there are no inventories at the end of the year.
The cost accounting system at McClellan allocates overhead to products based on direct labor cost. Overhead in year 1 , which just ended, was $2,424,800. Data on units sold for year 1 along with the unit sales price and unit direct costs for the two models follow:
Starter model Pro model
12,000 units 4000 units
Sales per unit 32 606
Direct material per unit 86 102
Direct Labour per unit 102 127
Required:
a. Compute product line profits or loss for the Starter model and the Pro model for year 1 .
b. A study of overhead shows that without the Starter model, overhead would fall to $1,412,000. Assume all other revenues and costs would remain the same for the Pro model in year 2 . Compute product line profits for the Pro model in year 2 assuming the Starter model was not produced or sold.
Complete this question by entering your answers in the tabs below.
Compute product line profits or loss for the Starter model and the Pro model for year 1 . Note: Loss amounts should be indicated by a minus sign.
To learn more about profit visit:
https://brainly.com/question/1078746
#SPJ4
hich example requires that the manager use persuasion to achieve his/her goal? technology policies finding volunteers to work at a charity event how to use equipment customer service procedures
Persuasion, the process by which a person's stations or nature are told without compulsion by the dispatches of others. This is variant B.
The manager needs some satisfying to achieve his thing of chancing levies for a charity event.
Persuasion is the act of impacting others to bear in a certain way. It means motivating others to do effects freely.
In the business world, directors and leaders must be suitable to convert their inferiors to achieve the pretensions of the association they work for. A specific thing that a company or a person wants to achieve within a certain period of time is called a business thing.
Question
What illustration inspires a director to use persuasion to achieve his thing?
a) technology policy;
b) type of use of the outfit;
c) client Service Procedures;
d) How to find levies to work at a charity event
To know more about Persuasion,
brainly.com/question/28346720
#SPJ4
what should be the price for a common stock paying $3.50 annually in dividends if the payout ratio is 100% and the discount rate is 8%? group of answer choices $28.00 $42.00 $22.86 $43.75
The Price for the common stock should be D. $43.75.
The price for a common stock paying $3.50 annually in dividends with a payout ratio of 100% and a discount rate of 8% can be determined using the Dividend Discount Model (DDM). The DDM is a valuation method that calculates the present value of a stock based on its expected future dividends.
In this case, since the payout ratio is 100%, the company is distributing all its earnings as dividends, and the dividend per share remains constant.
This scenario is known as a perpetuity, and the DDM simplifies to the following formula:
Stock Price = Dividend per Share / Discount Rate
Using the given information, the stock price can be calculated as follows:
Stock Price = $3.50 / 0.08 = $43.75
Therefore, the price for the common stock should be $43.75. The correct option is D.
The question was incomplete, Find the full content below:
what should be the price for a common stock paying $3.50 annually in dividends if the payout ratio is 100% and the discount rate is 8%? group of answer choices
A. $28.00
B. $42.00
C. $22.86
D. $43.75
Know more about Dividend Discount Model (DDM) here:
https://brainly.com/question/28199724
#SPJ11
which of the following is not acceptable when advertising group health insurance? a)clearly outlining policy exclusions or limitations b)not being misleading or obscure c)clearly outlining policy benefits d)providing a summary of benefits that fails to list coverage limitations
It is not acceptable when it fails to list coverage limitations.(Option d)
When advertising group health insurance, it is not acceptable to provide a summary of benefits that fails to list coverage limitations.Group health insurance is an insurance policy that covers a group of people who are usually employees of the same company or members of the same organization.
This insurance policy may also cover family members of the employees or members of the organization.The following are some of the things that should be done when advertising group health insurance
:Clearly outlining policy benefits.
Clearly outlining policy exclusions or limitations.Not being misleading or obscure.
Providing a summary of benefits that lists coverage limitations.
These are acceptable ways of advertising group health insurance, but it is not acceptable to provide a summary of benefits that fails to list coverage limitations. A summary of benefits is supposed to be an outline of the policy benefits and its coverage limitations.
For more such questions on coverage
https://brainly.com/question/20712354
#SPJ11
janet receives a call about a property she has listed. janet gives the caller information about the property and sets up an appointment to show the property. janet now has the opportunity to do what?
As a real estate agent, Janet has the opportunity to potentially sell the property to the caller who expressed interest in the property.
By providing information about the property and setting up an appointment to show the property, Janet is taking steps towards potentially closing a sale. Janet can showcase the property to the potential buyer during the appointment, answer any questions or concerns they may have, and potentially negotiate and finalize a sale transaction if the buyer is interested in proceeding with the purchase.
It's important for Janet to follow all relevant laws, regulations, and ethical guidelines governing real estate transactions in her jurisdiction and adhere to her professional responsibilities as a real estate agent throughout the process. It's also important for Janet to maintain good communication and follow-up with the potential buyer to ensure a positive experience and a successful outcome.
Learn more aboutreal estate agent
https://brainly.com/question/29124410
#SPJ4
sunland company manufactures and sells solar chargers for $50 each. variable costs are $40 per unit, and fixed costs total $120000. how many solar chargers must sunland sell to earn a net income of $280000? select answer from the options below 52000. 7000. 23000. 40000.
Sunland needs to sell 40,000 solar chargers to earn a net income of $280,000. (option d).
Sunland sells their solar chargers for $50 each, and it costs them $40 to manufacture each unit. Additionally, the company has fixed costs (such as rent, salaries, and other expenses) that total $120,000. To calculate how many solar chargers Sunland needs to sell to earn a net income of $280,000, we need to use a formula.
The formula to calculate the required number of units to reach a certain net income is:
(units sold x price) - (units sold x variable cost) - fixed costs = net income
We know that the price of each solar charger is $50 and the variable cost is $40. Let's plug in the numbers we have:
(units sold x $50) - (units sold x $40) - $120,000 = $280,000
Simplifying the equation, we get:
$10 x units sold - $120,000 = $280,000
$10 x units sold = $400,000
units sold = $400,000 ÷ $10
units sold = 40,000
Therefore, the answer option that matches this is 40000.
So, the correct option is (d).
To know more about solar chargers here
https://brainly.com/question/29587242
#SPJ4
an integrated set of operating, investing, and financing budgets for a period of time is called a a.continuous budget. b.zero-based budget. c.master budget. d.flexible budget.
A master budget is a long-term combined collection of running, investing, and financial budgets. Here option C is the correct answer.
A master budget is an integrated set of operating, investing, and financing budgets that cover a specific period, usually a fiscal year. It is a comprehensive financial plan that includes budgets for all major functions of a business, such as sales, production, capital expenditures, and financing.
The master budget serves as a blueprint for a company's financial operations and allows managers to plan and control their activities effectively. It provides a framework for decision-making and helps managers to identify potential problems before they occur.
The master budget is typically created through a top-down approach, starting with overall revenue targets and working down to individual department budgets. It is an essential tool for financial planning and performance evaluation, as it allows managers to compare actual results with budgeted amounts and make adjustments accordingly.
To learn more about master budget
https://brainly.com/question/15900166
#SPJ4
true or false: the discounted cash flow (dcf) valuation estimates future value as the difference between the market price and the cost of the investment.
The difference between the market price and the cost of the investment is what is estimated as future value using the discounted cash flow (dcf) valuation method. True.
Once the time value of money has been taken into account, DCF analysis calculates the value of return that an investment will provide. Any investments or initiatives with the expectation of producing future cash flows can use it. The original investment is frequently contrasted with the DCF.
A sort of financial model called discounted cash flow (DCF) valuation assesses the value of an investment by estimating how much money will be generated in the future. A DCF model is predicated on the notion that a company's value is defined by how successfully it will be able to provide cash flows for its investors in the future.
Learn more about investment Visit: brainly.com/question/29547577
#SPJ4
accounting records alone do not provide sufficient appropriate evidence on which to base an opinion on the financial statements. thus, the auditor should obtain other information. which of the following is audit evidence other than accounting records? journal entries. general and subsidiary ledgers. confirmations of accounts receivable. worksheets supporting cost allocations.
The audit evidence other than accounting records is confirmations of accounts receivable. This provides additional assurance on the financial statements.
In auditing, relying solely on accounting records such as journal entries, general and subsidiary ledgers, and worksheets supporting cost allocations is not sufficient to form an opinion on the financial statements.
It's important for auditors to obtain other information, including external evidence like confirmations of accounts receivable.
Confirmations of accounts receivable are written or electronic communications with customers to confirm the accuracy and existence of the reported amounts.
This process involves sending a request to the customer asking them to confirm or dispute the outstanding balance as of a specific date. Customers' responses serve as a direct, independent source of evidence that strengthens the auditor's understanding of the financial statements.
In conclusion, auditors should not solely rely on accounting records and must obtain additional audit evidence, such as confirmations of accounts receivable, to ensure the accuracy and reliability of the financial statements.
To know more about financial statements click on below link:
https://brainly.com/question/14951563#
#SPJ11
production is in the short run if multiple choice 1 the time period is less than 3 months. at least one output is fixed. at least one input is fixed. the time period is less than 1 year. b. in the long run multiple choice 2 the firm must be in operation for at least 1 year. management will only be able to fire workers who are hourly, not salary. one output will be variable, but the others are fixed. all inputs to production are variable. c. in the long run, the average total cost curve is determined by multiple choice 3 differences in the number of hours a firm operates per day. differences in the number of workers employed. the minimum of all short-run average variable cost curves at each output level. the minimum short-run average total cost curves at each output level. d. typical long-run average total cost curves multiple choice 4 decrease over all levels of output. increase over all levels of output. become negative for high levels of output. have a u-shape.
In short run, at least one input/output is fixed; long run has no fixed inputs and a U-shaped average total cost curve.
a. In the short run, something like one info is fixed while no less than one result is fixed. It is likewise described by a time span of short of what one year.
b. Over the long haul, all contributions to creation are variable, and there are no decent sources of info. It isn't portrayed by a particular time span.
c. Over the long haul, the typical absolute expense still up in the air by the base short-run normal complete expense bends at each result level.
d. Commonplace long-run normal all out cost bends have a U-shape, where they decline at first, arrive at least, and afterward increment again as result levels rise.
To learn more about long-run fixed cost, refer:
https://brainly.com/question/29341099
#SPJ4
which of the following statements is false? the yield curve is a potential leading indicator of future economic growth. real interest rates indicate the rate at which your money will grow if invested for a certain period. the shape of the yield curve will be strongly influenced by interest rate expectations. the relationship between the investment term and the interest rate is called the term structure of interest rates.
The following statement is false: "Real interest rates indicate the rate at which your money will grow if invested for a certain period."
Real interest rates reflect the purchasing power of the interest rate, meaning how much goods or services you can buy with a certain amount of money.
Real interest rates consider inflation, which is the rate at which prices increase over time, to indicate the rate at which your money will grow if invested for a specific period.
The yield curve, which plots the interest rates of bonds with different maturities, has the potential to predict future economic growth.
The shape of the yield curve depends heavily on expectations about interest rates.
The relationship between the interest rate and the investment term is known as the term structure of interest rates.
Therefore, the following statement is false: "Real interest rates indicate the rate at which your money will grow if invested for a certain period."
Learn more about Real interest rates.
https://brainly.com/question/13324776
#SPJ11
a focused generic competitive strategy derives its name from: group of answer choices a sole service approach a single-country supply chain reliance a reduced set of product features a narrow buyer segment a linked pair of distribution centers
A focused generic competitive strategy derives its name from a "narrow buyer segment". Option D is correct.
This strategy involves targeting a specific group of customers with a unique set of needs or preferences, offering them a tailored product or service that differentiates from competitors. By focusing on a narrow market segment, companies can achieve a competitive advantage and establish themselves as experts in serving that particular group of customers.
This approach may involve sacrificing a broader customer base, but it allows companies to create a stronger brand identity and build a loyal customer base. Companies can use various tactics to implement a focused generic competitive strategy, including customization, niche marketing, and product differentiation, all with the goal of meeting the unique needs of a narrow buyer segment.
Option D holds true.
Learn more about competitive advantage https://brainly.com/question/26514848
#SPJ11
assume you purchase a new machine for $25,000, which will return a savings of approximately $2,000 per year for an expected five-year period of time. at the end of this five-year period, you can sell the machine for $1,500 (salvage value). using straight line depreciation, calculate the annual depreciation. a. $4,700 b. $9,000 c. $2,500 d. $1,700
The Annual Depreciation is $4700, The correct option is A
The annual depreciation for the machine can be calculated using the straight-line method, which is calculated by dividing the cost of the asset by its useful life.
In this case, the cost of the machine is $25,000 and its useful life is five years, so the annual depreciation can be calculated as:
Annual Depreciation = (Cost - Salvage Value) / Useful Life
Annual Depreciation = ($25,000 - $1,500) / 5
Annual Depreciation = $4,700
Therefore, the correct answer is option (a) $4,700.
To know more about depreciation click here
brainly.com/question/17827672
#SPJ4
an initial decrease of the ad curve will precipitate an additional decrease due to the . multiple choice question. increase in aggregate supply marginal propensity to consume multiplier process decrease in aggregate supply
Due to the multiplier process, a first decline in the AD curve will cause a subsequent decline in the AD.
The curve of aggregate demand demonstrates the connection between both the total price level and consumer spending. An expansion of AD results from a decrease in the general price level. AD contracts in response to an increase in the general price level. The curve of aggregate demand, or AD curve, shifts to the right as the elements that make up aggregate demand—consumption spending, business investment, government expenditure, and spending on exports minus foreign goods. The AD curve will return to the left since these components start to decline. The AD curve therefore has a declining slope. The second conclusion is that P x Y will remain constant at all price levels in the near run since the total amount spent by consumers, businesses, and the government in the economy must remain constant.
Learn more about AD curve here
https://brainly.com/question/30162829
#SPJ4
brent works as a book editor in a publishing company. the chief supervisor of the company makes brent work with a different department every month. in the context of job design, this is an example of . a. job enlargement b. job rotation c. job embeddedness d. job specialization
Brent's job design example can be categorized as job rotation. Here option B is the correct answer.
Job rotation refers to the process of periodically moving employees from one job to another job within the organization. It is a technique that can be used to increase employees' skills, knowledge, and motivation, as well as to reduce boredom and monotony associated with repetitive tasks.
In Brent's case, the chief supervisor of the publishing company wants him to work with a different department every month, which means that Brent will perform various tasks within different departments. By doing so, Brent can gain a broader understanding of the company's operations, and his skills and knowledge can be enhanced as he acquires new experiences and perspectives from each department.
This approach can also help the company to increase its efficiency and flexibility as employees can be moved to different positions as needed.
To learn more about job rotation
https://brainly.com/question/1079088
#SPJ4
ashley furniture expects its marginal cost curve to eventually slope upward because, as with most production processes, furniture manufacturing has:
Furniture manufacturing has diminishing marginal returns. It alludes to a decrease in a manufacturing system's efficiency and the corresponding decreases in output that follow.
The margins of production shrink as marginal returns decrease, or the same amount of output may be produced at a greater cost per unit or marginal cost. When one aspect of production increases while the other aspects of production remain constant, productivity per unit decreases.
When elements of a company are incompatible, the effects could manifest. Increasing a factor of production does not always translate into a rise in marginal productivity, according to the law of diminishing marginal returns.
To learn more about manufacturing, click here.
https://brainly.com/question/14275016
#SPJ4
you have a credit card with a balance of $11,800 and an apr of 17.4 percent compounded monthly. you have been making monthly payments of $230 per month, but you have received a substantial raise and will increase your monthly payments to $280 per month. how many months quicker will you be able to pay off the account?
You will be able to pay off your credit card balance approximately 18 months quicker by increasing your monthly payment to $280.
To determine how many months quicker you will be able to pay off your credit card balance, we need to calculate how many months it will take to pay off the balance with the current payment of $230 per month, and then how many months it will take with the increased payment of $280 per month.
First, we can calculate the minimum payment required by the credit card issuer each month. This is typically the greater of a fixed amount or a percentage of the balance. Assuming the minimum payment is 2.5% of the balance, the minimum payment for the initial balance of $11,800 would be $295.
Using the current payment of $230 per month, we can calculate the number of months it will take to pay off the balance as follows:
11,800 x (1 + 0.174/12)^(n) = 230[(1 + 0.174/12)^(n) - 1]/(0.174/12)
Solving for n, we get n = 77.4 months.
Next, using the increased payment of $280 per month, we can calculate the number of months it will take to pay off the balance as follows:
11,800 x (1 + 0.174/12)^(n) = 280[(1 + 0.174/12)^(n) - 1]/(0.174/12)
Solving for n, we get n = 59.4 months.
The difference is = 18 months.
To learn more about balance click on,
https://brainly.com/question/15043612
#SPJ4
Q02. What is the sum of relative frequencies of Groups A and B in the full sample of 2,000 observations (ignoring cells with missing values)?
a) 0.14
b) 113
c) 0.13
d) 256
The sum of relative frequencies of Groups A and B in the full sample of 2,000 observations (ignoring cells with missing values) is 256. Relative frequency is the proportion of the total frequency of a particular value or category in a dataset. Correct answer is option D
The total number of observations (2,000): Sum of relative frequencies = (Frequency of Group A + Frequency of Group B) / Total observations Sum of relative frequencies = 256 / 2,000. The result of this calculation is 0.128 or 12.8%.
Therefore, the sum of relative frequencies for Groups A and B in the full sample of 2,000 observations (ignoring cells with missing values) is 12.8%. Thus the Correct answer is option D
Know more about relative frequencies here:
https://brainly.com/question/29739263
#SPJ11
citi company is preparing the company's statement of cash flows for the fiscal year just ended. the following information is available: cash dividends declared for the year$40,000 cash dividends payable at the beginning of the year 17,000 cash dividends payable at the end of the year 13,000 the amount of cash paid for dividends was:
Citi Company paid $44,000 in cash for dividends during the fiscal year.
The amount of cash paid for dividends by Citi Company during the fiscal year can be calculated using the following formula:
Cash dividends paid = Cash dividends declared - (Ending cash dividends payable - Beginning cash dividends payable)
Plugging in the given values:
Cash dividends paid = $40,000 - ($13,000 - $17,000)
Cash dividends paid = $40,000 - (-$4,000)
Cash dividends paid = $40,000 + $4,000
Cash dividends paid = $44,000
Therefore, Citi Company paid $44,000 in cash for dividends during the fiscal year.
To learn more about fiscal year, refer below:
https://brainly.com/question/30034036
#SPJ11
besides the four broad attributes of a nation that shape the environment in which local firms compete, what two additional variables did porter discuss that can influence the national diamond? (check all that apply.)
The two additional variables that Porter discussed that can influence the national diamond are chance events and government.
Porter's Diamond Model is a framework for analyzing the competitive advantage of nations. The four broad attributes that shape the environment in which local firms compete are factor conditions, demand conditions, related and supporting industries, and firm strategy, structure, and rivalry.
However, Porter also acknowledges that chance events, such as natural disasters or technological breakthroughs, can have a significant impact on a nation's competitive advantage.
Additionally, government policies and actions can play a crucial role in shaping the national diamond by creating or changing the conditions that affect firm competitiveness.
For more questions like Variable click the link below:
https://brainly.com/question/17344045
#SPJ11
which unique skill does a product champion usually possess? a.where to secure resources for successful development b.understanding technological aspects of an idea c.managing organizational politics d.the ability to conceive and develop new ideas
Where to secure resources for successful development is a unique skill the product champion usually possess. Option A.
A product champion is described by the American Marketing Association as "a person who takes an excessive interest in seeing that a particular process or product is fully developed and marketed." The power of product champions to make or break a product should be mentioned even though this definition is superb.
A dedicated product champion can be an excellent resource for product creation and can have an impact on a product's success. Product champions are frequently renowned business idea leaders.
Learn more about Products:
brainly.com/question/22077754
#SPJ4
ECON QUESTION !!
What is the overall objective of a business raising financial capital?(1 point)
A) decrease operating costs and increase the number of investors
B) increase revenues and the number of investors
C) reducing financial obligations and increase revenue
D) grow and increase profit
chapter 5 test, banking and finance...if you have all the answers that would be greatly appreciated
The main goal is to increase shareholder value as much as possible.
Businesses frequently make decisions that include spending money now while planning to turn a profit later. Examples are when a business purchases a machine with a 10-year lifespan, constructs a new facility with a 30-year lifespan, or launches a research and development initiative. Four basic methods exist for businesses to obtain the funding they require to fund these initiatives: (1) early-stage investors; (2) profit reinvestment; (3) bank or bond borrowing; and (4) stock sales. Business owners decide how to pay for financial capital sources when they select those sources.
Learn more about financial here-
https://brainly.com/question/29641948
#SPJ1
cindy has decided to lease a car. the lease includes a money factor of 0.00354. what interest rate is cindy being charged in her lease?
If lease includes a money-factor of 0.00354, then the interest-rate that Cindy being charged in her lease is 8.5%.
The "interest-rate" charged in a lease is defined as the cost of borrowing money to lease a vehicle from a lessor such as leasing company.
The interest rate charged is expressed as a percentage of the total amount financed or the residual value of vehicle, and is calculated based on lease term, money factor, and lessee's creditworthiness.
The formula for converting a money factor to an equivalent interest rate is:
⇒ Interest rate = Money factor × 2400,
The "money-factor" is = 0.00354,
Substituting the values,
We get,
⇒ Interest rate = 0.00354 × 2400,
⇒ Interest rate = 8.496% ≈ 8.5%.
Therefore, the interest rate of 8.5%.
Learn more about Interest Rate here
https://brainly.com/question/3049664
#SPJ4
businesses with a formal code of ethics are less common now than in the past. group startstrue or false
The given statement, businesses with a formal code of ethics are less common now than in the past is false.
The number of businesses with a formal code of ethics has been increasing in the recent past. A formal code of ethics is a document that outlines the company's values and standards of behavior expected from employees. In the past, businesses did not place as much emphasis on ethical behavior as they do today.
But today, most companies recognize the importance of ethical behavior and the positive impact it has on their brand reputation. There are several reasons why businesses with a formal code of ethics are increasing. Firstly, consumers are more aware of ethical practices, and many people choose to buy from companies that behave ethically.
This has led to an increase in demand for companies that prioritize ethical behavior. Secondly, many countries have enacted laws and regulations that require companies to behave ethically, and companies that fail to comply face severe penalties.
know more about businesses here
https://brainly.com/question/8119526#
#SPJ11
juniper concrete is growing, and its management team has decided to create a formal marketing strategy. how should the company begin? multiple choice by enhancing its product line by preparing a marketing mix summary by identifying its target market by researching external marketing forces by analyzing secondary data
To create a formal marketing strategy, the company should begin by identifying its target market.
This involves understanding the specific group of people who are most likely to buy their products and tailoring the marketing strategy to meet their needs and preferences. Once the target market is identified, the company can then proceed with other elements of the marketing mix, such as product, price, promotion, and place.
Therefore, the best option among the given multiple choices is: by identifying its target market. Although preparing a marketing mix summary, researching external marketing forces, and analysing secondary data are all important steps in developing a marketing strategy, they should follow the identification of the target market. Without a clear understanding of who the company's customers are, it is difficult to create an effective marketing strategy that will resonate with them and lead to increased sales and growth for the business.
Therefore, the first step in creating a formal marketing strategy should be to conduct market research and gather information about the company's target market, including their demographics, behaviour, preferences, and needs. This can be done through surveys, focus groups, and other research methods. Once this information is gathered, the company can then use it to create a marketing mix that is tailored to the needs and preferences of its target market, which will help to drive growth and success for the business.
To know more about marketing:
https://brainly.com/question/14418904
#SPJ11
a representative from the bank speaks with you about opening a savings product. you would be guaranteed at least a 2.5% return for the next 10 years when you agree to add $20.00 each month for the entire time. given this information and that you meet the minimum monthly contribution requirement, what would be your total accumulated value at the end of the 10 years?
The total accumulated value at the end of the 10 years would be $3,132.76.
To calculate the total accumulated value at the end of the 10 years, follow these steps:1. Determine the monthly interest rate:
The annual interest rate is 2.5%, so the monthly interest rate is (1 + 0.025)^(1/12) - 1 ≈ 0.00207 or 0.207%.
2. Determine the number of months:
10 years * 12 months per year = 120 months.
3. Calculate the future value of the monthly deposits using the future value of an ordinary annuity formula:
FV = P * (((1 + r)^n - 1) / r),
where FV is the future value, P is the monthly deposit ($20), r is the monthly interest rate (0.00207), and n is the number of months (120).
4. Plug in the values:
FV = $20 * (((1 + 0.00207)^120 - 1) / 0.00207) ≈ $3,132.76.
So, the total accumulated value at the end of the 10 years would be approximately $3,132.76, given that you meet the minimum monthly contribution requirement of $20.00.
Learn more about Accumulated value:
https://brainly.com/question/30964852
#SPJ11
________ is when the value of a unit of currency decreases, so it is worth less than before
Question 1 options:
liquidity
inflation
equity
interest rates
apple tree electronics is planning to offer its stock on the primary securities market. investors are excited as apple tree has never sold shares of their stock before. apple tree is most likely having a(n) multiple choice initial public offering. callable stock funding. institutional investment sale. stock split. open auction.\
Apple Tree Electronics is most likely having an initial public offering (IPO).
An IPO is the first time a company issues shares of its stock to the public on a primary securities market. This means that the shares will be available to individual and institutional investors to purchase for the first time. An IPO can generate a lot of excitement and attention from investors, as it provides an opportunity to invest in a company that was previously privately held. Callable stock funding, institutional investment sale, stock split, and open auction are not relevant to the context of Apple Tree Electronics going public.
To learn more about IPO refer to:
brainly.com/question/14299897
#SPJ4
dina med group has invented a portable device that will enable patients without access to medical facilities to monitor vital signs for multiple serious health conditions. manufacturing of the device began last month, and dina med group plans to begin product delivery within the next two weeks. which stage of the innovation process is dina med in
If manufacturing of device began last month, and Dina Med Group plans to begin product delivery within next two weeks, then the stage of innovation process that Dina Med in is innovation application.
The "Innovation-Application" is defined as the stage of innovation process where an innovative idea is put into practice and commercialized.
The innovation process typically includes several stages: idea generation, idea screening, concept development and testing, business analysis, product development, test marketing, and commercialization.
In this case, Dina Med Group has already invented the portable-device and has begun manufacturing it.
It indicates that idea has already gone through early stages of innovation process such as idea generation, idea screening, and concept development and testing.
They are planning to begin product delivery within the next 2 weeks means that they have completed the later stages of the innovation process such as business analysis, product development, test marketing, and commercialization.
Therefore, Dina Med Group is in stage of innovation application where they are putting their product into practice and delivering it to market.
Learn more about Innovation here
https://brainly.com/question/30010066
#SPJ4
on september 1, a customer's account balance of $2,300 was deemed to be uncollectible. what entry should be recorded on september 1 to record the write-off assuming the company uses the allowance method?
The entry to record the write-off of the uncollectible account on September 1 under the allowance method is to debit the allowance for doubtful accounts and credit accounts receivable for $2,300.
The allowance method is a method of accounting for bad debts that involves estimating the amount of uncollectible accounts and recording an allowance for that amount. When an account is deemed to be uncollectible, it is written off by debiting the allowance for doubtful accounts and crediting accounts receivable.
This reduces the accounts receivable balance on the balance sheet and recognizes the expense on the income statement. Writing off an uncollectible account does not affect the net realizable value of accounts receivable, which is the total amount of accounts receivable less the estimated amount of uncollectible accounts.
In this case, the write-off of $2,300 reduces the net realizable value of accounts receivable by the same amount.
For more questions like Entry click the link below:
https://brainly.com/question/20421012
#SPJ11
the treasury just sold a bunch of 5-year, zero coupon $100 face-value bonds for an interest rate (rrf) of 6.0%. if rinf is 2.0% at the time of the sale, then jumps to 3.0% the next day, what is (approximately) rrf of the bonds on the next day? assume nothing changes overnight except for the jump in the inflation rate. hint: assume rrf
To solve this problem, we need to use the formula for calculating the yield to maturity (YTM) of a zero coupon bond, which is:YTM = (Face value / Price)^(1/n) - 1
We can find the price of the bonds using the following formula:Price = Face value / (1 + YTM)^nWe know that the YTM at the time of sale (rrf) is 6%, so we can use this to find the price of the bonds at the time of sale:Price = $100 / (1 + 0.06)^5 = $74.38Now we need to find the YTM on the next day, when the inflation rate (rinf) jumps from 2% to 3%. We can assume that nothing else changes overnight except for the inflation rate. To find the new YTM, we need to find the new price of the bonds:Price = $100 / (1 + rrf)^5Setting this equal to the original price and solving for rrf, we get:Price = $74.38 = $100 / (1 + 0.06)^5 = $100 / (1 + rrf)^5$74.38 * (1 + rrf)^5 = $100(1 + 0.06)^5 * (1 + rrf)^5 = $100 / $74.38(1 + rrf)^5 = 1.3433Taking the fifth root of both sides, we get:1 + rrf = 1.03469rrf = 0.03469 or 3.47% (rounded to two decimal places)Therefore, the approximate rrf of the bonds on the next day is 3.47%.
Know more about Yield to maturity here:
https://brainly.com/question/30676637
#SPJ11