(a) The APR you received if the interest was compounded semiannually is 3.82%.
(b) The APR you received if the interest was compounded monthly is 4.04%.
Explanation:
Given:
Present value (principal) (P) = $5000
Number of years (t) = 5
Interest rate (r) = 3.7% per annum
Interest compounded: (a) Semiannually (b) Monthly
To find:
(a) APR if the interest is compounded semiannually.
(b) APR if the interest is compounded monthly.
Solution:
According to the formula for future value, A=P(1 + r/n)^(n×t), where A is the amount at the end of the term, P is the principal, r is the annual interest rate, t is the time in years, and n is the number of compounding periods per year.
(a) For interest compounded semiannually, n=2
A=P(1 + r/n)^(n×t)= 5000(1 + 0.037/2)^(2×5)= $6457.22
Using the formula for the annual percentage rate (APR), we get:
APR = n × [(A/P)^(1/nt) - 1]
= 2 × [(6457.22/5000)^(1/(2×5)) - 1]
= 3.82%
(b) For interest compounded monthly, n=12
A=P(1 + r/n)^(n×t)= 5000(1 + 0.037/12)^(12×5)= $6494.36
Using the formula for the annual percentage rate (APR), we get:
APR = n × [(A/P)^(1/nt) - 1]
= 12 × [(6494.36/5000)^(1/(12×5)) - 1]
= 4.04%
Therefore, (a) The APR you received if the interest was compounded semiannually is 3.82%. (b) The APR you received if the interest was compounded monthly is 4.04%.
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george took out a 30-year loan for $60,000 at a 4% interest rate. he paid 2 discount points upfront to obtain that rate. what was the dollar value of the discount points?
George paid two discount points upfront when he took out a 30-year loan for $60,000 at a 4% interest rate. The dollar value of the discount points was $1,200.
A discount point is a one-time fee paid to the lender at closing in exchange for a reduced interest rate. One discount point is equal to 1% of the loan amount, so for George's loan, two discount points would be equal to 2% of the loan amount, or $1,200. Therefore, the dollar value of the discount points was $1,200.
To explain further, when George took out the loan, he paid the lender two discount points (equal to 2% of the loan amount), in exchange for the lower interest rate. This $1,200 fee is known as the dollar value of the discount points. By paying the discount points, George reduced his interest rate from 4.5% to 4%, saving him money in the long run.
When considering taking out a loan, it is important to weigh the cost of the discount points with the savings gained by the lower interest rate. If the interest rate is reduced enough, the borrower may be able to save more money in the long run by paying the upfront cost of the discount points.
However, if the savings are too small, then the borrower may decide to pass on the discount points and pay the higher interest rate instead.
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a firm wants a sustainable growth rate of 3.13 percent while maintaining a dividend payout ratio of 27 percent and a profit margin of 6 percent. the firm has a capital intensity ratio of 2. what is the debt-equity ratio that is required to achieve the firm's desired rate of growth?
The debt-equity ratio that is required to achieve the firm's desired rate of growth is 1.13.
Given data:
Sustainable growth rate = 3.13 %
Dividend payout ratio = 27%
Profit margin = 6%
Capital intensity ratio = 2
Required : Debt-equity ratio
The sustainable growth rate formula can be written as:
Sustainable growth rate = (1- Dividend payout ratio) x Profit margin x Capital intensity ratio
The required growth rate is 3.13%.
The formula for sustainable growth rate is given as:
Sustainable growth rate = (1 - Dividend payout ratio) x Profit margin x Capital intensity ratio
Now substituting the given values:3.13% = (1 - 0.27) × 0.06 × 2
Now, solve the equation:3.13% = 0.9528 %
The debt-equity ratio that is required to achieve the firm's desired rate of growth is 1.13.
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going through documents discarded by your bank to obtain information in order to access your bank account is an example of
Going through documents discarded by your bank to obtain information in order to access your bank account is an example of identity theft.
Identity theft is the fraudulent act of stealing an individual's personally identifying information, such as their name, social security number, or credit card number, and using it for malicious purposes such as unauthorized purchases or gaining access to bank accounts. It is a severe offense that can result in substantial financial and personal harm.
The following are some common examples of identity theft:
1.Spear Phishing
2.Smishing
3.Social Engineering
4.Vishing Malware
5.Physical Theft of Information
6.Skimming
7.Phishing
8.Pretexting
9.Dumpster Diving
Apart from the above-discussed examples, there are many more that you need to be aware of to protect your personal information from being stolen or misused. To keep your bank account and other sensitive information secure, it's best to keep a watchful eye and only give out personal information when it is genuinely necessary.
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at prices ($4, $12), harry chooses the bundle (9, 4). at the prices ($8, $4), harry chooses the bundle (2, 9). is this behavior consistent with the weak axiom of revealed preference?
Harry's behavior is not consistent with the weak axiom of revealed preference (WARP)
The weak axiom of revealed preference (WARP) states that if an individual prefers bundle X to bundle Y at one set of prices, and then reverses this preference when the prices of the bundles are changed while the relative prices are kept unchanged, then it is inconsistent with the individual's preferences.
When the prices are ($4, $12), Harry chooses the bundle (9, 4) over the bundle (2, 9) since he has a preference for bundle (9, 4). At the same time, he chooses the bundle (2, 9) over (9, 4) when the prices are ($8, $4). This contradicts his previous preference and violates the weak axiom of revealed preference (WARP). Therefore, Harry's behavior is not consistent with the weak axiom of revealed preference (WARP).
Hence, the given information reveals that his preference for the two bundles violates the weak axiom of revealed preference.
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what is one reason small business owners will be able to better compete with larger businesses in the future?
One reason small business owners will be able to better compete with larger businesses in the future is that they have the potential to adapt more quickly to market changes than larger companies.
A small business is typically more flexible and agile than a larger corporation, allowing it to respond more quickly to changes in the market. Small businesses may be more adaptable to the needs of their customers, and they may be able to implement changes more rapidly than larger businesses.
This can make small businesses more appealing to customers who value agility and responsiveness over brand name recognition or a wider product range.
Larger businesses, on the other hand, may be slower to adapt to changes in the market. They may have more complicated procedures and decision-making processes, which can impede innovation and flexibility. Additionally, larger businesses may have a reputation for being impersonal or bureaucratic, which can turn off some customers.
Small business owners, on the other hand, have the freedom to make their own choices and pivot quickly when necessary. This can enable them to respond quickly to new opportunities, changes in customer behavior, and other market shifts.
By staying nimble and open to change, small business owners can compete with larger businesses on their own terms.
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true or false, an acquisition is a cooperative arrangement between two or more firms that can be either formal or informal.
Answer:
False
Explanation:
False.
An acquisition is not a cooperative arrangement between two or more firms, but rather a transaction in which one company buys another company or a significant portion of its assets. The acquiring company takes over the ownership and control of the target company, which becomes a subsidiary or part of the acquiring company's operations.
An acquisition can be formal or informal, depending on the nature of the transaction and the level of due diligence and legal documentation involved. In a formal acquisition, the two companies negotiate and sign a purchase agreement that outlines the terms of the transaction, such as the purchase price, payment structure, and conditions for closing. In an informal acquisition, the acquiring company may simply buy the shares or assets of the target company without a formal agreement or legal documentation.
the appropriate section in the statement of cash flows for reporting the receipt of cash dividends from investments in securities is:
The appropriate section in the statement of cash flows for reporting the receipt of cash dividends from investments in securities is the cash flow from investing activities. What is the statement of cash flows? The statement of cash flows is one of the four main financial statements. This report specifies how much money has flowed in and out of a company over a certain period of time.
It offers insight into the cash balance of a business and how that cash is being used. The statement of cash flows, like the other financial statements, provides investors and creditors with valuable information about the company's financial condition. They use it to assess the company's ability to pay dividends and pay off debts.
It is divided into three parts: cash flows from operating activities, cash flows from investing activities, and cash flows from financing activities. Cash flow from investing activities Cash flow from investing activities is the segment of the statement of cash flows that shows cash inflows and outflows as a result of investment activities.
The purchase and sale of assets such as equipment, buildings, and land are all examples of investment activities. Investment in securities is also an investment activity. The receipt of cash dividends from investments in securities is therefore included in the cash flow from investing activities.
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a company had the following accounts and balances at december 31: account debit credit cash $ 12,500 accounts receivable 2,500 prepaid insurance 3,400 supplies 1,500 accounts payable $ 6,250 total equity 6,400 service revenue 9,500 salaries expense 750 utilities expense 1,500 totals $ 22,150 $ 22,150 using the information in the table, calculate the company's reported net income for the period. multiple choice $1,600. $4,750. $5,500. $13,400. $7,250.
Using the information in the table, to calculate the company's reported net income for the period, is $7,250. The correct answer is $7,250.
follow these steps:
1. Identify the revenue and expense accounts. In this case, we have:
- Service Revenue: $9,500
- Salaries Expense: $750
- Utilities Expense: $1,500
2. Calculate the total revenue:
- Service Revenue: $9,500
3. Calculate the total expenses:
- Salaries Expense: $750
- Utilities Expense: $1,500
- Total Expenses: $750 + $1,500 = $2,250
4. Calculate the net income by subtracting the total expenses from the total revenue:
- Net Income: $9,500 - $2,250 = $7,250
So, the company's reported net income for the period is $7,250. The correct answer is $7,250.
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what term is used to describe the situation where there is a permanent decline in the value of an intangible asset?
Intangible asset impairment is the term used to describe the situation where there is a permanent decline in the value of an intangible asset.
Intangible assets are non-physical assets, such as goodwill, brand recognition, intellectual property, or contractual rights. When the value of an intangible asset decreases, the business must record an impairment charge to recognize the loss.
Impairment charges are a decrease in the value of the asset, usually caused by changes in economic conditions or the industry in which the asset operates. Impairment charges are reported on the balance sheet as a reduction to the asset's carrying value, thereby decreasing the company's net worth.
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in a probability-proportional-to-size sample with a sampling interval of $5,000, an auditor discovered that a selected account receivable with a recorded amount of $3,000 had an audit amount of $2,700. if this were the only error discovered by the auditor, the projected error of this sample would be
In a probability-proportional-to-size sample with a sampling interval of $5,000, an auditor discovered that a selected account receivable with a recorded amount of $3,000 had an audit amount of $2,700. If this were the only error discovered by the auditor, the projected error of this sample would be $300.
In probability-proportional-to-size sampling, the sampling interval is the factor used to determine the size of the sample. In this case, the sampling interval is $5,000, meaning that the size of the sample is determined by multiplying the size of the population by $5,000. The size of the population in this case is $3,000, which means that the sample size is $15,000.
The auditor then randomly selects an account receivable from the sample size of $15,000 and discovers that the recorded amount of $3,000 is different from the audit amount of $2,700. This difference of $300 is then used to calculate the projected error.
The formula for calculating the projected error is: (observed error/sampling interval) x population size. In this case, the observed error is $300 and the sampling interval is $5,000, so the formula becomes: (300/5000) x 3000 = 300. Therefore, the projected error of this sample is $300.
In conclusion, when a probability-proportional-to-size sample with a sampling interval of $5,000 is used and an auditor discovers that a selected account receivable with a recorded amount of $3,000 has an audit amount of $2,700, the projected error of this sample would be $300.
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who are the people who speak up and actively help the manager accomplish his or her goals? presenters followers allies politicians
People who speak up and actively help the manager accomplish his or her goals presenters followers allies. Allies are the people who speak up and actively help the manager accomplish his or her goals.
A manager is a person who is responsible for directing and coordinating the work of others so that organizational goals and objectives are accomplished. Allies are those individuals who assist managers in achieving organizational objectives by actively participating in organizational politics and providing support to managers.
Allies are those individuals who provide assistance and support to the manager in achieving organizational objectives by participating in organizational politics. They are valuable because they assist managers in increasing their power and influence, as well as assist in implementing change in the organization. Allies can be found in a variety of areas within the organization, such as other managers, subordinates, peers, and external stakeholders.
They can offer advice and support to managers when they need it, and they can help to persuade others to support the manager's initiatives. Allies can help managers achieve their goals in a variety of ways. For example, they can offer advice and support to managers when they need it, and they can help to persuade others to support the manager's initiatives. Additionally, allies can help managers to increase their power and influence within the organization, which can make it easier for managers to achieve their goals. By actively participating in organizational politics, allies can help managers to overcome resistance to change and promote the implementation of new initiatives in the organization.
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assume that banks currently pay 2% interest on money customers deposit in savings accounts. as the overall amount of money held in savings accounts increases, in financial markets, the interest rate paid on savings would
As the overall amount of money held in savings accounts increases, in financial markets, the interest rate paid on savings would likely decrease.
In financial markets, the interest rate paid on savings accounts is determined by the forces of supply and demand. Assuming that all else remains equal, an increase in the overall amount of money held in savings accounts would lead to an increase in the supply of loanable funds. This is because the money held in savings accounts is available for banks to lend out to borrowers who need it for investment or other purposes.
As the supply of loanable funds increases, the interest rate paid on savings accounts would be expected to decrease, since banks would have more money to lend out and would need to attract borrowers by offering lower interest rates. Therefore, the increase in the overall amount of money held in savings accounts would likely lead to a decrease in the interest rate paid on savings accounts, all else being equal.
It's worth noting that this relationship is not always linear, and other factors can also affect the interest rate paid on savings accounts, such as inflation expectations, government policies, and global economic conditions.
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what tool is specifically designed to support incident responders by allowing unified, automated responses across an organization?
The tool specifically designed to support incident responders by allowing unified, automated responses across an organization is known as an incident response platform.
This platform is used to quickly detect, investigate, and respond to security incidents by providing a unified environment for incident responders.
It also helps to create an automated process for responding to security incidents and prevents data loss, reduces the time required to investigate, and helps organizations to stay compliant with regulatory requirements.
An incident response platform automates the investigation process and helps organizations to quickly identify the cause of the incident. It collects data from a variety of sources, including endpoints, log files, and third-party systems. This data is analyzed to detect anomalies, which can be used to help determine the source of the incident.
The platform also provides security professionals with tools to respond to incidents quickly, such as containment, eradication, and recovery. Additionally, it can provide detailed reports to be used in investigations and post-incident reviews.
Overall, an incident response platform helps organizations to respond quickly and efficiently to security incidents by providing a unified environment for incident responders and automating the investigation process.
It collects data from multiple sources, helps to identify the source of the incident, and provides security professionals with the tools they need to respond quickly and effectively.
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after considering the burberry story, which business-level strategy is the company attempting to pursue?
The business-level strategy that Burberry is attempting to pursue is a differentiation strategy. Burberry is a luxury fashion brand that is known for its quality and high-end products. They have created a unique brand image that is recognized worldwide.
Their differentiation strategy is based on a combination of factors, including their product design, quality, and customer experience.
Product Design Burberry has a unique design that sets them apart from other fashion brands. They have a signature check pattern that is recognized worldwide. This pattern is used on many of their products, including their coats, bags, and scarves. This design is unique and sets them apart from other luxury fashion brands.
Quality Burberry is known for its quality products. They use high-quality materials to create their products. They also have a rigorous quality control process that ensures that their products meet their high standards. This quality is reflected in the price of their products, which is higher than many other fashion brands.
Customer Experience: Burberry provides a unique customer experience that sets them apart from other luxury fashion brands. They have created an interactive shopping experience that includes digital displays, social media, and other technology. This experience is designed to engage customers and create a sense of luxury and exclusivity.
Overall, Burberry's business-level strategy is based on differentiation. They have created a unique brand image that is recognized worldwide. Their differentiation strategy is based on product design, quality, and customer experience. Burberry's success is a testament to the effectiveness of this strategy.
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if $30,000 is invested in an account for 10 years. calculate the total interest earned at the end of 10 years if the interest is: brianly
The total interest earned at the end of 10 years on an investment of $30,000 with a constant interest rate of X is calculated using the formula:
Total Interest = Principal x (1 + Rate/100)^Years. So, if we plug in the values given in the question, the total interest earned is calculated as follows: Total Interest = $30,000 x (1 + X/100)^10.
To calculate the exact amount of interest, we need to know the interest rate (X). However, based on the given information, we can use the formula to calculate the total interest earned in the 10-year period for different values of X.
For example, if the interest rate is 5%, then the total interest earned is $51,731.35; if the interest rate is 10%, then the total interest earned is $105,459.59; if the interest rate is 15%, then the total interest earned is $172,947.89; and if the interest rate is 20%, then the total interest earned is $269,916.12.
To summarize, the total interest earned on an investment of $30,000 over 10 years is dependent on the interest rate. To calculate the exact amount of interest earned, the interest rate needs to be known.
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a restaurant is open 24 days each month. its monthly fixed payroll cost is $31,800 and its daily variable payroll cost is $2,100. what is the restaurant's total daily payroll cost? $2,000 $3,800 $3,425 $4,200
The restaurant's total daily payroll cost is $1,412.50
Days on which the restaurant is open = 24
The monthly fixed payroll cost = $31,800
Daily variable payroll cost = $2,100
Calculating the daily variable payroll cost:
Daily variable payroll cost = Monthly variable payroll cost / Number of days per month
= 2,100 / 24
= 87.50
Calculating the total daily payroll cost:
Total daily payroll cost = Daily fixed payroll cost/ Number of days + Daily variable payroll cost
= 31,800 / 24 + 87.50
= 1,325 + 87.50
= 1,412.50
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suppose the cost of flying a 100-seat plane for an airline is $50,000 and there are 10 empty seats on a flight. the marginal cost of flying a passenger is question 23 options: a. $50. b. $500. c. $50,000.
d. this cannot be determined from the information given.
The marginal cost of flying a passenger is $50. So, option A is the correct answer.
The given problem is about the marginal cost of flying a passenger. According to the given problem, The cost of flying a 100-seat plane for an airline is $50,000.And, there are 10 empty seats on a flight. Now, we are asked to find the marginal cost of flying a passenger. To calculate marginal cost, the following formula can be used:
Marginal Cost = Change in Total Cost / Change in Quantity
Let's calculate the marginal cost of flying a passenger for the given scenario:
Total cost of flying a 100-seat plane = $50,000
So, the cost of flying one passenger in a 100-seat plane = 50,000/100 = $500
Also, the cost of flying a 90-seat plane = $50,000 - $5000 = $45,000
Therefore, the marginal cost of flying a passenger is calculated as follows:
Marginal Cost = (Total Cost of Flying a 100-Seat Plane - Total Cost of Flying a 90-Seat Plane) / (100 - 90)Marginal Cost
= ($50,000 - $45,000) / 10 Marginal Cost
= $500 / 10 Marginal Cost
= $50
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1. Demand terminology
complete the following table by selecting the term that matches each definition
Definition
the amount of a good that buyers are willing and able to purchase at a given price
the claim that, with other things being equal, the quantity demanded of a good falis when the price of that good rises
a graphical object showing the relationship between the price of a good and the amount of the good that buyers are willing and able to purchase at various prices
a table showing the relationship between the price of a good and the amount that buyers are willing and able to purchase at various prices
- quantity demanded
- demand curve
- demand schedule
- law of demand
2.Apply your understanding of the previous key terms by completing the following scenario with the appropriate terminology.
Your coworker Edison is really concerned about a project that he has just been assigned. He is in charge of analyzing and determining conditions in the market for televisions from an extensive sales report.
If Edison's boss is interested in a graphical presentation of the relationship between the price and quantity of televisions demanded, you would advise your coworker to construct ( the law of demand, a demand curve, a demand schedule) using the data provided. However, if Edison's boss is more interested in the detailed numbers used to construct this visual representation, you would instead advise your coworker that( the law of demand, a demand curve, a demand schedule) would be more appropriate.
In this scenario, it is important to understand the key terms related to market demand. The law of demand states that with other things being equal, the quantity of a good demanded by buyers falls when the price of that good rises.
A demand curve is a graphical object showing the relationship between the price of a good and the amount of the good that buyers are willing and able to purchase at various prices.
A demand schedule is a table showing the relationship between the price of a good and the amount that buyers are willing and able to purchase at various prices.
If Edison's boss is interested in a graphical presentation of the relationship between the price and quantity of televisions demanded, Edison should construct a demand curve using the data provided.
However, if Edison's boss is more interested in the detailed numbers used to construct this visual representation, Edison should instead create a demand schedule. This will provide a detailed breakdown of the price and quantity of televisions demanded at various price points.
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which form of business relationship lets a company grant patent rights, trademark rights, and the rights to use technological processes to another company in a foreign country?
The form of business relationship that allows a firm to grant patent rights, trademark rights, and the rights to use technological processes to another company in a foreign country is licensing.
What's licensingLicensing is a method of transferring technology from one firm to another. It is a business arrangement in which one business (the licensor) allows another company (the licensee) to utilize its intellectual property, such as patents, trademarks, copyrights, or trade secrets, in exchange for royalty payments.
The licensee is free to use the technology to manufacture and sell the product with the licensor's brand name.The company that grants patent rights, trademark rights, and the rights to use technological processes to another company in a foreign country is known as a licensor. This sort of company provides a license to the other company to use its trademark, patent, or technology.
In addition, the licensee may utilize the product's sales or marketing strategy to boost its own sales by following the licensor's directions
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what records classified and summarized transactional data? immutable blockchain ledger distributed computing
The immutable blockchain ledger distributed computing is a record that classifies and summarizes transactional data.
This ledger is made up of several blocks that are distributed across various nodes in a network. Each block contains a hash that is linked to the previous block, and the data is encrypted to ensure data integrity. The ledger is distributed, meaning that it is hosted on a network of computers, and it is immutable, meaning that it cannot be altered or corrupted once it is recorded. This ensures that the data stored in the ledger is accurate and secure.
The ledger stores transactional data in a way that is organized and secure. It records transactions in chronological order, and it can track changes in real time. Additionally, the ledger can be used to verify transactions and prevent fraud. By using the ledger, companies can ensure that their data is secure, accurate, and accessible.
In summary, the immutable blockchain ledger distributed computing is a record that classifies and summarizes transactional data. It is a secure, distributed ledger that stores data in an organized manner, and it is immutable, meaning that it cannot be altered or corrupted. It is used to store and verify transactions and prevent fraud, and it ensures that the data stored in the ledger is accurate and secure.
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purchasing manager chelan compares her situation with that of purchasing managers in other similar-sized companies. what type of comparison is chelan performing?
Purchasing manager Chelan is performing benchmarking by comparing her situation with that of purchasing managers in other similar-sized companies.
What is benchmarking?
Benchmarking is a process that entails comparing your company's performance against that of other companies or a set of best practices. It's a vital tool that allows you to identify areas where you can improve performance and gain a competitive advantage.
A company can benchmark in the following ways:
Internal benchmarking: It involves comparing the performance of a company's various divisions or departments with one another.
External benchmarking: It involves comparing a company's performance with that of other companies in the same industry or sector.
Functional benchmarking: It entails comparing similar processes in different sectors.
Cross-industry benchmarking: It involves comparing a company's processes with those of businesses in unrelated industries.
In this case, purchasing manager Chelan is performing external benchmarking by comparing her situation with that of purchasing managers in other similar-sized companies.
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controls designed to find errors or fraud that have occurred are referred to as blank controls. multiple choice question. preventive proactive detective reactive
Controls designed to find errors or fraud that have occurred are referred to as c) detective controls.
Detective controls are designed to identify errors, irregularities, or fraudulent activities that have already occurred. They are reactive in nature because they are implemented after the fact, once the problem has already occurred.
Detective controls are an important part of an overall control framework, as they help to identify problems and allow for corrective action to be taken. However, relying solely on detective controls can be problematic, as they do not prevent problems from occurring in the first place.
In contrast, preventive controls are designed to stop problems from occurring by addressing the root causes of potential issues. Proactive controls are a type of preventive control that anticipates potential issues before they occur and takes action to prevent them.
Overall, a strong control framework should include a mix of preventive, proactive, and detective controls to ensure that risks are effectively managed.
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during the year, brian county collects $12 million of property taxes on behalf of urton township. of this amount, it remits $10 million to the township, expecting to remit the balance shortly after the end of its fiscal year. the amount that the county should report as its year end net position is
The county should report $2 million as its year-end net position, representing the balance of property taxes collected but not yet remitted to Urton Township.
On behalf of Urton Township, the county collected $12 million in property taxes, but only $10 million had been returned at year's end. As a result, the county still has $2 million in unremitted property taxes it collected for Urton Township. This $2 million is a county obligation that needs to be disclosed in its year-end financial statements. In order to appropriately portray the county's financial situation, the $2 million obligation should be subtracted from the year-end net position. The balance of property taxes received but not yet paid to Urton Township should be recorded by the county as its year-end net position, which should equal $2 million.
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you borrow money on your credit card at 1.5% per month. what is the effective annual interest rate? group of answer choices 1.5% 18% 19.56% 19.72%
The credit card company charges an interest rate of 1.5% per month. Therefore, the monthly interest rate would be calculated as follows: 1.5/100 = 0.015
After that, we can use the formula for calculating the effective annual interest rate.
Effective annual interest rate (EAR) = (1 + (i/n))^n - 1
Where:
i = interest rate per period
n = number of compounding periods in a year
Effective annual interest rate (EAR) = (1 + (0.015/1))^1 - 1= 0.015 = 1.5%
Thus, the effective annual interest rate is 1.5%.
The interest rate on credit cards can be pretty high, but there are a few things you can do to reduce the amount of interest you pay.
For example, if you are able to pay off your credit card balance in full every month, you can avoid paying interest altogether.
Additionally, you can shop around for credit cards with lower interest rates, or consider transferring your balance to a card with a 0% introductory rate.
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peter drucker felt the most important responsibility of a corporation is to multiple choice serve its customers. diversify its portfolio. hire from within. make a profit.
Peter Drucker felt the most important responsibility of a corporation is to serve its customers. Drucker's argument is that "the customer is the final authority" because the customer buys the goods and services produced by the corporation.
Corporations must ensure that their goods and services satisfy the needs and desires of their customers in order to prosper. Companies that are not customer-focused may fail to succeed in the market because they are not catering to the needs of the people.
As a result, Drucker believes that corporations must be devoted to meeting their customers' needs in order to remain competitive, expand their business, and eventually make a profit.
Corporations must put their customers first if they want to remain competitive in the market. To achieve success, companies must work to comprehend their customers' needs and desires, as well as how they make purchasing decisions.
They must design and produce products and services that meet the needs of the customers, as well as market those products in a way that meets the needs of the customers. They must provide customers with excellent after-sales service and develop a relationship with them to ensure that they are satisfied. T
his involves creating strong relationships with customers, listening to their concerns, and engaging with them on a regular basis. Therefore, Drucker's ideas emphasize that a corporation's success is directly tied to its ability to serve its customers. A customer-centered company, according to Drucker, would be successful in the long run.
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exempted issuers are defined under the:a securities act of 1933b securities exchange act of 1934c trust indenture act of 1939d investment company act of 1940
The term "exempted issuers" is defined under the Securities Act of 1933 (A), which outlines certain types of securities that are exempt from registration with the Securities and Exchange Commission (SEC).
The Securities Act of 1933 is a federal law that regulates the issuance of securities in the United States. One of its main provisions is the requirement for issuers to register their securities with the SEC, unless an exemption applies.
The term "exempted issuers" refers to those issuers whose securities are exempt from registration, such as certain types of government securities, short-term commercial paper, and securities issued in private placements. These exemptions are designed to reduce regulatory burdens on certain types of issuers while still providing investors with necessary information to make informed investment decisions.
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which of the following statements is true for a company that maintains beginning and ending work in process and finished goods inventories? multiple choice if the company closes its underapplied overhead entirely to cost of goods sold it will cause net operating income to be lower than the net operating income reported if the company had closed its underapplied overhead proportionally to work in process, finished goods, and cost of goods sold. if the company closes its underapplied overhead entirely to cost of goods sold it will cause net operating income to be higher than the net operating income reported if the company had closed its underapplied overhead proportionally to work in process, finished goods, and cost of goods sold. if the company closes its underapplied overhead entirely to cost of goods sold it will cause net operating income to be the same as the net operating income reported if the company had closed its underapplied overhead proportionally to work in process, finished goods, and cost of goods sold. if the company closes its underapplied overhead entirely to cost of goods sold it will cause the gross margin to be higher than the gross margin reported if the company had closed its underapplied overhead proportionally to work in process, finished goods, and cost of goods sold.
if the company closes its underapplied overhead entirely to cost of goods sold it will cause net operating income to be higher than the net operating income reported if the company had closed its underapplied overhead proportionally to work in process, finished goods, and cost of goods sold.
When a company closes its underapplied overhead entirely to cost of goods sold, it reduces the cost of goods sold and thus increases the net operating income as compared to when the overhead was closed proportionally to work in process, FINISHED GOODS INVENTORIES, and cost of goods sold.
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if the law requires apartment building owners to lower rent, the law of supply predicts that, other things constant, the:
If the law requires apartment building owners to lower rent, the law of supply predicts that, other things constant, the quantity supplied will decrease.
Supply is a market concept that refers to the total amount of goods and services produced and offered for sale at a specific price level. It represents the entire relationship between quantity supplied and price for a particular good, service, or group of goods or services.
According to the law of supply, as the price of a product increases, the quantity supplied also rises, ceteris paribus, and as the price falls, the quantity supplied decreases.
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suppose you purchase a 30-year, zero-coupon bond with a yield to maturity of 6%. you hold the bond for five years before selling it. if the bond's yield to maturity is 7% when you sell it, what is the rate of return of your investment? to be explicit, the question is asking for the 5-year return.
The rate of return of your investment in the 30-year, zero-coupon bond is equal to 1% over the 5-year period.
The rate of return of your investment in the 30-year, zero-coupon bond is the difference between the yield to maturity at purchase and sale. Since the yield to maturity was 6% at purchase and 7% when you sold the bond after five years, the rate of return on your investment is 1% over the five-year period. The formula for calculating the rate of return on a zero-coupon bond is:
Rate of Return = (YTM at sale - YTM at purchase) / YTM at purchase
Therefore, the rate of return of your investment in the 30-year, zero-coupon bond is calculated as (7% - 6%) / 6%, which is equal to 1%.
It is important to note that when calculating the rate of return, the yield to maturity (YTM) of the bond at purchase and sale are used. The yield to maturity represents the internal rate of return (IRR) of the bond and is calculated using the present value of all future cash flows associated with the bond. Therefore, the YTM of a bond reflects the current market rate of return and any changes to the market rate of return are automatically reflected in the YTM.
In conclusion, the rate of return of your investment in the 30-year, zero-coupon bond is 1% over the five-year period.
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if the price of a good increases from $20 to $25 and the quantity demanded declines from 15 to 10 units of the good, the price elasticity of demand is 5. group of answer choices true false
The given statement- If the price of a good increases from $20 to $25 and the quantity demanded declines from 15 to 10 units of the good, the price elasticity of demand is 5 is False. The price elasticity of demand (PED) is a measurement of the responsiveness of the quantity of a product demanded in reaction to a change in its price.
The following formula is used to calculate the price elasticity of demand (PED):PED = %ΔQd / %ΔPwhere %ΔQd represents the percentage change in the quantity of the product demanded as a result of a price change, and %ΔP represents the percentage change in the price of the good.
The PED value may be negative, indicating that a price increase results in a decrease in the quantity of the good demanded, while a price decrease results in an increase in the quantity of the good demanded. For products with positive PED values, demand is said to be elastic, while for those with negative PED values, demand is said to be inelastic.The correct answer is False.
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