How much would howard steele need to invest today so that he may withdraw $12,000 each year for the next 20 years, assuming a rate of 8% compounded annually? (use the tables in the handbook.) $117,817.20 $454,144.00 $112,817.20 $549,144 none of these?
Answer:
$117,817.20.
Explanation:
We need to get how much would Howard Steele need to invest today so that he may withdraw $12,000 each year for the next 20 years, assuming a rate of 8% compounded annually. The annual withdrawal target is $12000 multiply by the PVIFA (8%, 20) which is equal to 9, 81810 .
For the target period the amount that need to be invested today is $117,817.20.
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) suppose that currency in circulation is $600 billion, the amount of checkable deposits is $900 billion, and excess reserves are $15 billion. assume that the required reserve ratio is 10%.
a. calculate the money supply, the currency deposit ratio, the excess reserve ratio, and the money multiplier.
Money supply = Currency in circulation + Checkable deposits.=600 + 900 = 1500 Billion
Current deposit ratio = Currency in Circulation/ Checkable deposits. = 600/900 = .667
Excessive reserve ratio = Excess Reserves/Checkable deposits.= 15/900 = .0167
Money multiplier = (1 + C)/(rr + ER + C)= (1 + .667)/ (.0278 + .0167 + .667) = 2.343
Your auto insurance policy has a $200 monthly premium and $700 deductible. What is the maximum amount you will have to pay out-of-pocket for a car accident before your insurance covers your costs? A $200 B $500 C $700 D $900
Answer
Maximum amount you will have to pay out-of-pocket for a car accident be $700 .
Explanation:
Definition of deductible
Deductible is the amount paid by the policy holder before an insurance company will pay any expenses.
Therefore $700 be the maximum amount you will have to pay out-of-pocket for a car accident before your insurance covers your costs .
Sydney saved $10,000 during her first year of work after college and plans to invest it for her retirement in 20 years. how much will she have available for retirement if she can make 8% on her investment?
Identify which principle applies to each scenario by placing the appropriate label next to each scenario.
What will the multiplier be when the mps is 0, 0.4, 0.6, and 1? what will it be when the mpc is 1, 0.90, 0.67, 0.50, and 0? how much of a change in gdp will result if firms increase their level of investment by $8 billion and the mpc is 0.80? if the mpc instead is 0.67?
Final answer:
The economic 'multiplier' shows how initial investment changes can affect the total GDP. With an MPC of 0.80, an $8 billion investment increase leads to a $40 billion GDP change; with an MPC of 0.67, it leads to a $24 billion change.
Explanation:
The multiplier reflects the degree to which a change in economic activity will affect total economic output. It is closely related to the Marginal Propensity to Save (MPS) and the Marginal Propensity to Consume (MPC). When the MPS is 0, 0.4, 0.6, and 1, the corresponding multipliers, computed as 1/(1 - MPC), will be in theory infinite, 2.5, 1.67, and 1, respectively. Similarly, when the MPC is 1, 0.90, 0.67, 0.50, and 0, the multipliers will be infinite, 10, 3, 2, and 1, respectively.
For the change in GDP resulting from an $8 billion increase in investment with an MPC of 0.80: the multiplier is 1/(1 - 0.80) = 5. Thus, the change in GDP would be 5 times $8 billion, which is $40 billion. If the MPC is instead 0.67, the multiplier will be 1/(1 - 0.67) = 3, resulting in a change of $24 billion in GDP.
A dinette table with cash price of $200 a $8.50 down and $11.00 per month for 24 months
The student asked for the total cost of a dinette table with a cash price of $200, a down payment of $8.50, and 24 monthly payments of $11.00. The total cost on the payment plan would be $272.50, showing that buying on the payment plan results in a higher overall price than the cash price.
Explanation:The student is asking about a financial scenario involving the purchase of a dinette table on a payment plan. The cash price of the table is $200, with an initial down payment of $8.50, followed by monthly payments of $11.00 for 24 months. To calculate the total cost of the table when purchased on the payment plan, we need to add the down payment to the total of the monthly payments. This calculation is important in understanding financing and the total cost of an item when paid over time, as opposed to paying the full cash price upfront.
The down payment is $8.50, and the monthly payments total $11.00 x 24 months = $264.00. Adding the down payment gives us a total payment of $8.50 + $264.00 = $272.50. Therefore, buying the table on this payment plan will ultimately cost the buyer $272.50, which is more than the cash price due to the extended payment period.
The student is asking for the total cost of a dinette table purchased through installment payments. The calculation shows that the total cost will be $272.50, highlighting the increased cost due to finance charges when paying over time instead of upfront.
Explanation:The student is asking how to calculate the total cost of purchasing a dinette table through installment payments. The cash price of the table is $200, and the buyer is required to make a $8.50 down payment and then $11.00 per month for 24 months. To determine the total cost paid over the 24 months, we can calculate it using the following formula:
Total cost = Down payment + (Monthly payment × Number of months)
So, the total cost would be:
$8.50 (down payment) + $11.00 (monthly payment) × 24 (months) = $272.50
It is important to note that the total amount paid will be more than the cash price of the table because of the finance charges that are typically included in installment plans. This illustrates a basic principle of consumer credit: over time, you'll pay more for an item when you buy it on credit rather than paying the full amount upfront. This is similar to the example provided where over 15 years, paying the minimum amount results in paying over twice as much in interest as the original $2,000 borrowed.
When we think of successful music entertainment groups of the past sixty years, the beatles™ almost always appear in the top 5! in the early days, the entertainment group's life cycle could have ended as so many other rock groups do—here today, gone tomorrow. the four musicians were definitely creative and passionate about their craft and genre of music. as the informal leader of the group, john lennon _____________ the others to make important compositional contributions. all four members had the opportunity to create musical compositions and receive copyright credit for their contributions?
Bartley barstools has a market/book ratio equal to 1. its stock price is $14 per share and it has 5 million shares outstanding. the firm’s total capital is $125 million and it finances with only debt and common equity. what is its debt-to-capital ratio?
The debt-to-capital ratio is the 44. The stock price and the given the shares was the given on the amount.
What is debt-to-capital ratio?The total debt to capital ratio is a liquidity metric that illustrates the ratio of debt a firm employs to fund its assets in comparison to the amount of equity utilized for the exact purpose. The lower a company's debt-to-capital ratio, the better. Larger debt ratios, on the other hand, indicate danger.Determine the debt-to-capital ratio:
Market Value of Equity = Common Stock × Number of Shares Outstanding.
Market Value of Equity = 5000000 × 14
Market Value of Equity= 70000000
Value of Debt in Capital Structure = Total Capital - Market Value of Equity
Value of Debt in Capital Structure = 125000000 - 70000000
Value of Debt in Capital Structure = 55000000
Debt to Capital Ratio = Value of Debt in Capital Structure/Total Capital =
Debt to Capital Ratio = 55000000/125000000
Debt to Capital Ratio = 44
As a result, the debt-to-capital ratio is the 44.
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Does it make good strategic sense for lvmh to compete in all of its current segments? which of its product lines — wine and spirits, fashion and leather goods, perfumes and cosmetics, watches and jewelry, selective retailing, and other — do you think is/are most important to lvmh's future growth and profitability? should one or more of these current segments be discontinued? why?
Final answer:
LVMH's fashion and leather goods, along with selective retailing, are central to its future growth and profitability due to high margins and consumer demand. It remains strategic for LVMH to maintain all its segments to diversify risk and benefit from synergies across sectors.
Explanation:
It does make strategic sense for LVMH to compete in all of its current segments as they each provide a diversified risk and profit portfolio. However, the most important lines for LVMH's future growth and profitability are likely to be the fashion and leather goods, and selective retailing segments.
Fashion and leather goods have a high profit margin and a consistent demand given their association with luxury and quality. Selective retailing can capitalize on market trends and customer experiences, thus driving future revenue streams.
As per the strategy to discontinue any segment, there is no clear evidence that any of the current lines should be discontinued without a thorough financial and strategic analysis. Each division contributes uniquely to the brand's synergy and corporate strength.
Identify the principle of competitive advantage that is associated with product implementations.
Nursing faculty at walnut valley community college must possess a master's degree in nursing from a regionally accredited college or university, a registered nursing license, and a minimum of 4 years of directly-related work experience. these requirements would most likely be stated on the _______ for this position.
Butterfly tractors had $14 million in sales last year. cost of goods sold was $8.00 million, depreciation expense was $2 million, interest payment on outstanding debt was $1 million, and the firm's tax rate was 35%.
a. what was the firm's net income?
The mission statements of organizations in the same market will typically be the same
a. True
b. False
Exploratory research would be used to gather data about the market potential for a new product.
a. True
b. False
Answer:
The correct answer is letter "B": False.
Explanation:
Market Research is the process a company uses to asses the viability of a new product or service. It reveals the details of a company's target market and what consumers think about the product before it is widely released. Companies can hire third-party providers or do the research themselves. Techniques include surveys, product testing, and focus groups.
Car dealers are financed by automobile manufacturers, and walmart receives financing from its wholesalers and manufacturers. what marketing functions do such activities perform?
Twitterme, inc., is a new company and currently has negative earnings. the company's sales are $2,300,000 and there are 170,000 shares outstanding. if the benchmark price–sales ratio for the company is 4.4, how much will you pay for the stock? (do not round intermediate calculations and round your answer to 2 decimal places,
e.g., 32.16.) current stock price $ if the benchmark price–sales ratio for the company is 3.8, how much will you pay for the stock? (do not round intermediate calculations and round your answer to 2 decimal places,
e.g., 32.16.) current stock price $
How can an employee take an ethical stand regarding a business decision when his or her superior already has taken a different position?
An employee can override his superior's position by sticking strictly to the business ethics and thereby backing with his viewpoints based upon true facts.
Business ethics shall always have a superseding effect on any of the decision taken by the top level management, even if the lower management is not in position to raise voice.
An employee may have his say before the final judgement is made and try to convince his/her superior to give him/her a reasonable opportunity of being heard.An employee may try to get away from any discussions that might lead to disputes between the employee and the employer or the superior level management.Every part of such explanation must be only based upon facts and in favor of the organization which will be best in the interest of the organization as a whole unit and hamper the growth.Hence, the employee should keep his viewpoints in front of the superior level management with discussions based upon facts and must not try to conflict self-interest with any agenda.
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According to diffusion of innovation, in order for an innovation to ultimately be adopted it has to be
Andrea won the miss illinois beauty pageant the year she graduated from college. knowing this, the amount of money she will earn over the course of her adult lifetime is most likely to be _____ that of her peers
Hicks health clubs, inc., expects to generate an annual ebit of $505,000 and needs to obtain financing for $1,080,000 of assets. their tax bracket is 32%. if the firm goes with a short-term financing plan, their rate will be 6.5 percent, and with a long-term financing plan their rate will be 7.5 percent. by how much will their earnings after tax change if they choose the more aggressive financing plan instead of the more conservative? (amounts in parentheses indicate negative value.)
An error value begins with a(n) _____ followed by an error name that indicates the type of error.
If the government currently has a budget deficit, then
a. government expenditures are greater than taxes.
b. it does not necessarily have a debt.
c. its debt is increasing.
d. all of the above are correct.
Final answer:
The correct answer is d. all of the above are correct, since a government budget deficit typically means expenditures exceed tax revenues, it doesn't necessarily imply existing debt, although continuous deficits can lead to increasing debt.
Explanation:
If the government currently has a budget deficit, then:
Government expenditures are greater than taxes.
It does not necessarily have a debt.
Its debt is increasing.
All of the above are correct.
Therefore, the correct answer is d. all of the above are correct. A government budget deficit occurs when the government spends more than it collects in tax receipts, which can lead to an increase in national debt if the deficit is financed by borrowing. While a budget deficit pertains to a certain period (like a fiscal year), national debt is the cumulative total of all past deficits minus any surpluses.
It's important to note that a budget deficit for a particular year does not always mean that a government's overall debt is high, as the government might have surpluses in other years, or it might have funds from other sources. Furthermore, if the government continually runs deficits without having surplus years, the national debt will continue to grow. As debt increases, interest payments rise, which could expand the deficit if other government spending remains constant.
Lana owns a house worth $325,000 and has a mortgage of $245,000. She owns a guitar worth $750. She also owns a car worth $15,000 and has $9,000 in car loans. She has $8,000 in stock investments and $2,100 in a savings account. What is Lana’s net worth?
Net worth = total assets - total liabilities
Your net worth is all of the non-financial and financial assets that a person or unit own minus all of the outstanding liabilities.
An asset is anything of value and a liability is all debt owed.
Total assets
325,000 (house) + 750 (guitar) + 15,000 (car) + 8,000 (investments) + 2,100 (savings)
=350,850
Total liabilities
245,000 (mortgage) + 9,000 (car loans)
=254,000
Net worth
350,850 − 254,000
=96,850
Merlin is a proofreader of manuscripts for a large New York City publisher. He receives manuscripts electronically and, using his word processing software at home, makes corrections and comments for the authors. Merlin's manager may be concerned that ________________.
Merlin's manager may be concerned about issues related to remote proofreading such as maintaining manuscript confidentiality, adhering to deadlines, and assuring quality in the absence of direct supervision. Due to the nature of working as a casualized worker with limited autonomy, there are challenges in ensuring effective communication and technical reliability within electronic proofreading systems.
Merlin's manager may be concerned that working remotely as a proofreader brings about challenges such as maintaining confidentiality of unpublished manuscripts, ensuring deadline adherence, and upholding the high quality of manuscript proofreading without direct supervision. Companies typically hire copyeditors and proofreaders to produce clean final drafts, where copyeditors suggest revisions and style changes, while proofreaders check for errors in spelling, capitalization, and punctuation.
However, the nature of remote work, especially for those with limited autonomy who depend on a single publishing house, introduces risks due to the lack of oversight and the potential for technical issues with electronic proofreading systems.
Proofreading manuscripts requires an exceptional level of attention to detail, particularly with numbers, equations, scientific names, tables, and figures, as proofreaders are the last line of defense before publication. Given the dependency on electronic systems for review and the fact that casualized workers like Merlin might work almost exclusively for one publisher, the manager's concern may include ensuring Merlin is fully equipped to handle sensitive materials and communicate effectively with authors and the publishing team.
Electronic proofreading, manuscript confidentiality, and quality assurance are all aspects of Merlin's job that could be focal points of concern for his manager, emphasizing the necessity for Merlin to take responsibility in catching errors that computerized checks may miss and maintaining the integrity of the published content.
It seems quite possible that cigarette companies concealed information about the effect of smoking on health, causing cigarette prices to be __________ and cigarette sales to be __________ than would have been the case under symmetric information. higher; higher higher; lower lower; higher lower; lower
Answer:
higher; higher
Explanation:
Tobacco and cigarettes companies actively enclosure or hid information from the public on the consequences and problems to the health that smoking had this was in order to keep their prices high and their sales high as well, they were affraid that if people would figure out the harm that the cigarettes do to the lungs and organism in general they´d stop smoking, nowadays there is even information and pictures of those diseases in cigarette packs and people keep smoking.
What is the final step of developing an effective marketing planning process (mpp)?
The final step of marketing plan process is the action plan in which it targets the monitoring and the allocation of resources; this final step is helpful in order to carry out the plan and strategies that is in detailed with the objective or goals.
The final step of developing an effective marketing planning process (mpp) is to synthesize the research findings and potential angles into a coherent plan.
Explanation:The final step of developing an effective marketing planning process (mpp) is to synthesize the research findings and potential angles into a coherent plan. This involves analyzing the information gathered, identifying key insights, and formulating marketing strategies and tactics based on those insights. A graphic organizer, such as a table or chart, can help organize the findings and facilitate the synthesis process.
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The marginal propensity to consume plus the marginal propensity to save is
The marginal propensity to consume plus the marginal propensity to save equals one.
Explanation:The marginal propensity to consume (MPC) plus the marginal propensity to save (MPS) equals one. This is because MPC and MPS represent the proportions of additional income that are consumed and saved, respectively.
For example, if the MPC is 0.9 (meaning 90% of additional income is consumed), then the MPS would be 0.1 (meaning 10% of additional income is saved).
This relationship between MPC and MPS is important in understanding how changes in income impact consumption and saving behaviors.
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"where would it make sense for managers to have wide spans of control?" check all that apply.
Aztec industries produces bread which goes through two operations, mixing and baking, before it is ready to be packaged. next year's expected costs and activities are shown below.
Answer: $5.00 per DLH
Explanation:
Compute Aztec's departmental overhead rate for the baking department based on direct labor hours.
$400,000 overhead costs / 80,000 Direct labor hours = $5.00 per DLH