You've just joined the investment banking firm of dewey, cheatum, and howe. they've offered you two different salary arrangements. you can have $7,400 per month for the next two years, or you can have $6,100 per month for the next two years, along with a $33,000 signing bonus today. assume the interest rate is 6 percent compounded monthly. if you take the first option, $7,400 per month for two years, what is the present value? (do not round intermediate calculations and round your answer to 2 decimal places,
e.g., 32.16.) present value $ what is the present value of the second option? (do not round intermediate calculations and round your answer to 2 decimal places,
e.g., 32.16.) present value $
To calculate the present value of each salary option provided by the investment banking firm, use the present value of an annuity formula for the monthly payments and add any lump-sum payments received today without discounting. Keep intermediate calculations exact and round the final answers to two decimal places.
Explanation:The question asks to calculate the present value of two different salary arrangements under a 6% monthly compounded interest rate. To find the present value of the first option ($7,400 per month for two years), we use the present value of an annuity formula. Similarly, we calculate the present value of the second option ($6,100 per month for two years and a $33,000 signing bonus), by adding the present value of the monthly payments to the present value of the signing bonus.
For the first option:
Monthly Payment (PMT): $7,400Number of Periods (n): 24 months (2 years)Monthly Interest Rate (i): 0.5% (since 6% annually compounded monthly)Present Value (PV) formula for an annuity: PV = PMT × [(1 - (1 + i)^-n) / i]Applying this to the first option:
PV = $7,400 × [(1 - (1 + 0.005)^-24) / 0.005]
For the second option:
Present value of the annuity (monthly payments): Calculate as above with PMT = $6,100Present value of the signing bonus: $33,000 (since it's received today, no discounting)Add the two present values to find the total present value of the second option.Remember to keep intermediate calculations exact and round only the final result to two decimal places.
Assume that in 2014, an 1872 $20 double eagle sold for $17,200. what was the rate of return on this investment?
Is the business relationship between the statler group and kellogg-champion securities a lost cause?
During the summer, the country club hires college students to tend the grounds and work as servers in the dining hall. the number of students varies year to year, depending on the number of members. these students are considered ___________ workers.
The students in the scenario are considered to be as contigent workers of which are usually termed to be as independent contractors or even freelancers. This type of worker is usually high skilled with what they are made to do and they usually don’t receive any salary or even benefits.
What is the smallest acceptable annual income from a project which has a?
Sealy company has beginning raw materials inventory $12,000, ending raw materials inventory $15,000, and raw materials purchases $170,000. what is the cost of direct materials used
According to the law of demand, quantity demanded decreases as ________, ceteris paribus.
a. demand decreases
b. demand increases
c. prices fall
d. prices rise
A super segment is a set of segments sharing some exploitable similarity.
a. True
b. False
The natural rate of unemployment will help determine
The natural rate of unemployment helps in achieving the position of the long-run AS curve.
Further explanation:
Brief about the natural rate of unemployment:
The natural rate of unemployment is the threshold of unemployment that exists even when the economy has allocated all the resources including human capital efficiently. No economy has zero level of unemployment over a time period, there is some minimum level of unemployment prevails in an economy which has allocated resources efficiently. It is the summation of frictional unemployment with structural unemployment. Some people leave their jobs and go to some other town, and then if they are without any job,they would be considered as frictionally unemployed. Whereas, when some people are displaced by technology or unemployed currently because of learning a new skill or technology, then this is called structurally unemployed.
Long-run AS:
The long-run AS curve is positioned at the level of the full-employment output level. A full employment output level is an output level that corresponds to the natural rate of unemployment. A natural rate of unemployment depicts the maximum level of output that can be achieved in the long run when all the resources are efficiently utilized except these natural unemployed people.
Therefore, the natural rate of unemployment helps in achieving the position of the long-run AS curve.
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Answer details:
Grade: Senior school
Subject: Economics
Chapter: Aggregate demand-Aggregate supply
Keywords: the natural rate, unemployment, will determine, classical AS, long-run AS curve, no economy has zero level of unemployment over a time period, natural rate of unemployment is the combination of frictional and structural unemployment, position of long-run AS curve, natural unemployed people.
There are currently more than _____ intelligence tests available.
helping others who need help on the job is important regardless of the cost to me
True or false? under medicare part a, a beneficiary can have an unlimited number of benefit periods.
How can international trade agreements lead to economic growth?
by creating jobs in the export industries
by opening up new markets for domestic goods
by facilitating cultural exchanges between nations
by reducing expenditures on domestic production
answer: 1-2
i just did the the test and the first two are the correct answer
the last two are wrong three is good but culture will not bring up your economic growth
number four will definitely not help that is sending your money across seas
so again the answer is 1+2
(tco 7) medical costs consume nearly _____% of the u.s. gross domestic product, most of it paid through government and private health insurance.
The answer is: 18%
Approximately, the total amount of medical cost that the government had to cover is around 2.9 Trillion Dollars every years.
Since the Gross Domestic product of united states is approximately around 16.1 Trillion dollars every year, the percentage of the medical cost is:
2.9/16.1 x 100 = 18.01% from total GDP
The medical costs consume nearly 18% of the U.S. gross domestic product, most of it paid through government and private health insurance.
Further Explanation:
GDP of US:
The maximum percentage of GDP of the United States is spent on services for health care. The government expenditure on health care is the same but private health care spending is higher in comparison with other developed countries. The spending in Private health care is about nine percent. The reasons for high costs are higher physicians’ salaries, high medicine spending per capita and inflated health care administration costs.
The public spending is for these health care programs namely, Medicaid, Children’s Health Insurance Program, Medicare and subsidies provided to low income group.
The total expenditure incurred in providing health care services is $3.5 trillion out of which expenditure of $1.5 trillion is indirectly or directly incurred by the government. The $3.5 trillion amounts to about 18% of the Gross domestic product of the United States.
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Answer details:
Grade: High School
Subject: Economics
Chapter: Fiscal Policy
Keywords: medical costs consume nearly, 18% of u.s. gross domestic product, medical costs paid through government and private health insurance, most of it.
Hootsuite amplify supports an employee advocacy strategy by
You must go on a trip to china for your work. do not give your hosts presents that cost a lot. they might be embarrassed. they might not accept them. combine the sentences. choose the correct answer.
. Assume you are participating in your employer's direct deposit program. On payday, the employer deposits your ________ into you bank account
managing information effectively can result in better service as well as increased security collaboration and what
1. team spirit
2. risk
3. networking
4. efficiency
A company purchased a tract of land for its natural resources at a cost of $1,920,500. it expects to mine 2,150,000 tons of ore from this land. the salvage value of the land is expected to be $265,000. the depletion expense per ton of ore is:
Depletion expense (E) is equal to the Fixed Cost minus the Salvage Value divided by the tons of ore to be mined. The equation would then be: E = ($1,920,500 – $265,000) / 2,150,000. Therefore, E is equal to $0.77/ton of ore.
A company producing 20,000 refrigerators asks you advice on how they should take their business forward. what do you think would be the best advice to give the companies ceo?
Which of the following is not something that will help you pay off credit card debt?
a.
Stop using your credit cards.
b.
Make extra payments when possible.
c.
Make a realistic budget to make regular payments and stick to it.
d.
Transfer existing credit card balances to credit cards with "low introductory rates."
For edg its D. Transfer existing credit card balances to credit cards with "low introductory rates"
The simplest method to avoid credit card debt is to only charge items you can afford to pay for. Hence option D is correct .
What are the ways to pay off credit card debt?Make sure you're paying off your balance completely as well as on schedule.
Utilizing a credit card might assist you in establishing a solid financial base. However, credit card debt may easily mount up. In challenging times, that is especially true. This article can assist you if you have credit card debt and wish to pay it off.
Your credit score can be significantly impacted by the balance you carry from month to month on your credit card. In fact, nearly a third of your credit score is actually determined by your credit use ratio, or how much you now owe in relation to your entire credit limit.your result.
In general, experts advise trying to maintain your credit utilisation percentage under 30%. Accordingly, if the credit limit on your card is $5,000, you shouldn't owe more than $1,500 at any given time.
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Wotan owns 1,000 shares of a firm that has just announced an increase in its div- idend from $2.00 to $2.50 a share. the share price is currently $150. if wotan does not wish to spend the extra cash, what should he do to offset the dividend increase?
In which of the following ways can a person earn an income? A. Investment B. Salary C. Savings D. Wage
A statistician prepared a bar chart showing, in descending order, the frequency of six underlying causes of general aviation accidents (pilot error, mechanical problems, disorientation, miscommunication, controller error, other). what would we call this type of chart? pivot table pareto chart log scale chart frequency polygon
The answer is: Pareto chart
Pareto chart is the combination of line and bar graphs. This type of chart is usually used to present data with frequency of nonoccurence and unite measurement at the same time.(frequency of accidents and number of factors that cause the accidents. )
Other than that, Pareto chart is also commonly used in quality control or searching the highest cause of defects.
The option (B) is correct. The chart prepared by the statistician showing the frequency of six underlying causes of general aviation accidents, in descending order is Pareto chart
Further Explanation:
Pareto chart: It is a chart type that consists of both a line graph and bars, where the line graph is used to represent the cumulative total and bars are used to represent individual values in descending order.
Justification for the correct and incorrect answer:
A.
Pivot table: This option is incorrect.
It is a table that is used in statistics to summarizes the data from a more extensive table like a database, business intelligence program, or spreadsheet. The graphs can be prepared by using the pivot table.
B.
Pareto chart: This option is correct.
It is a chart type that consists of both a line graph and bars, where the line graph is used to represent the cumulative total and bars are used to represent individual values in descending order.
C.
Log scale chart: This option is incorrect.
It is a type of chart that uses a scale in which two equivalent changes in the price are represented using the same vertical distance on the scale.
D.
Frequency polygon: This option is incorrect.
It is a graph prepared by joining midpoints of every bin or interval with the help of the line.
Therefore, the chart prepared by the statistician is a Pareto chart.
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Answer details:
Grade: Middle School
Subject: Economics
Chapter: Analysis of data
Keywords: A statistician, a bar chart, in descending order, the frequency, six underlying causes, general aviation accidents, pilot error, mechanical problems, disorientation, miscommunication, controller error, others, pivot table, Pareto chart, log scale chart, frequency polygon.
If a special sales order is accepted for 5,000 sails at a price of $125 per unit, and fixed costs remain unchanged, what would the effect on operating income be
D. what is the cost for the 3% highest domestic airfares? (rounded to nearest dollar)
Final answer:
The cost of the 3% highest domestic airfares cannot be determined without a comprehensive dataset or further details on price structuring. Information about an airline's pricing for 300 passengers at $200 per ticket informs us that premium fares for a subset like business travelers could exist but does not enable a calculation for the exact cost for the highest fares.
Explanation:
To determine the cost of the 3% highest domestic airfares, you would need access to a comprehensive dataset which includes all domestic airfares. Once you have this data, you would sort the airfares from highest to lowest and calculate the threshold for the top 3%. However, as we are given specific information about an airline's pricing strategy and not general airfare data, we can use the provided details to contextualize the possible range for higher-end airfare prices. Given the airline's approach of carrying 300 passengers at $200 per ticket and having monopoly power, the airline may charge more for passengers willing to pay premium prices, like business travelers. If the top 3% are business travelers paying more than the standard ticket price, you could estimate the higher fares based on the proportion of total revenue attributed to these seats. However, without additional data specifying the actual pricing at higher percentiles, it is not possible to determine the exact cost. If the data referred to a clear price point for the top 3% or provided a formula for calculating fare prices at different demand levels, we could then calculate the cost of the 3% highest domestic airfares more accurately.
The document that lists the steps of the budget process is the
The document that lists the steps of the budget process is the Budget calendar. Thus, the correct option is third.
What is Budget?Budget refers to the blueprint of the expenses and income of the individual or the corporation. It is the estimation of the net revenue after deducing all losses and expenses for the specific period of time. After the expiry of the specific period, the new budget is prepared.
Most consumers have financial constraints, the quantity of utility they obtain from a specific product is proportional to the price of that commodity.
A budget calendar is a schedule that records the amounts and dates of payments. It's a useful tool for estimating how much cash will come in and go out in a particular month. Therefore, it can be concluded that the correct option is third.
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Your question is incomplete, but most probably the full question was….
Budget summary
Budget worksheet
Budget calendar
Budget request
Both the employee and the employer contribute to the F.I.C.A. fund and to the Medicare program. True or False
Two drivers, walt and jessie, each drive up to a gas station. before looking at the price, each places an order. walt says, "i'd like 10 gallons of gas." jessie says, "i'd like $10 worth of gas." what is each driver's price elasticity of demand
Walt and Jessie demonstrate two types of demand behaviour: Walt shows perfectly inelastic demand and Jessie displays perfectly elastic demand based on their responses.
Explanation:In economics, the term price elasticity of demand refers to the sensitivity of the quantity demanded of a good or service to a change in its price. In this context, Walt and Jessie show two types of demand behavior. Walt exhibits perfectly inelastic demand because he wants to purchase a specific quantity (10 gallons) regardless of the price. On the other hand, Jessie shows perfectly elastic demand because he only wants to spend a specific amount of money ($10) on gas - if the price goes up, he will buy less gas and if the price goes down, he will buy more.
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A small business advantage is ________. friends can barter for goods and services the business needs colleges are more amenable to helping small businesses because they prefer working and writing about them than their larger counterparts the ability to quickly adapt to customer needs they are more likely to employ part-time workers and use telecommuting
A small business advantage is that it has the ability of being able to adapt quickly in terms of the needs of the customers in which is an advantage because they are able to provide the needs of the customers and by this, it can also lead a positive affect towards them because this is an ability of attracting more customers to their business.