Buying a variable life insurance policy may not be the best option for college savings. Consider using education-specific investment options. Carefully review the terms and coverage limits for adding coverage through the group plan's additional insurance option.
Explanation:Buying a variable life insurance policy to build savings for a child's college education may not be the most suitable option. While variable life insurance policies offer a good annual return, they also come with higher fees and investment risks. A better way to save for college may be to consider 529 college savings plans or other investment options that are specifically designed for education savings.
As for adding coverage through the group plan's additional insurance option, it can be a good idea to have additional coverage to protect against unexpected events. However, it's important to carefully review the terms and coverage limits of the additional insurance to make sure it addresses your specific needs. Consider factors such as the cost of the additional insurance and whether it offers comprehensive coverage for your circumstances.
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If a person starts investing $100 per month starting at age 21, and that money earns a 7% return every year, how much will this person have when turning 70 years old? For ease of calculation, assume starting balance of $0 and annual contributions of $1,200 (12*$100).
Using a decision support system to determine market share is a
If u.s. per capita gdp is $50,000 and grows at 5% per year, what will u.s. per capita gdp be in 70 years?
a.$400,000
b.$800,000
c.$1.2 million
d.$1.6 million
Using debt and preferred stock in the capital structure of a firm will _____. select one:
a. increase financial risk
b. decrease business risk
c. increase the tax payable by the firm.
d. decrease operating leverage
e. increase the book value of common stoc
A one-brand-name strategy is useful when the marketer wants the brand to appear to be a local brand, or when regulations require localization.
a. True
b. False
Last word) the inverse dependency ratio is predicted to fall to about 1.16 by 2050. what is the most likely effect of this decline? multiple choice it will likely cause worker productivity to decline. the social security system will be on stronger financial footing. innovation will increase significantly as dependents take advantage of their otherwise idle time. living standards will fall if productivity gains don't sufficiently offset the decline in the ratio.
The cpi for "all items" was 233.707 in january 2015, and 236.916 in january 2015. over this period, the rate of inflation as measured by the rate of change of the cpi was
Imagine a firm that manufactures textiles (pants and shirts). list the four categories of resources, and for each category, give an example of a specific resource that the firm might use to manufacture textiles
A firm that manufactures textiles (pants and shirts) has human resources, physical resources, financial resources, and raw materials.
Here are the four kinds of resources that a company producing textiles (pants and shirts) could employ, along with examples of particular resources for each category:
Personnel ResourcesSkilled labor, including pattern makers, seamstresses, and quality control inspectors, is an example of a resource.
Materials ResourcesExamples of resources include tools and machinery including sewing machines, cutting boards, textile printers, and ironing equipment.
monetary resourcesAn example of a resource would be money for the purchase of raw materials, machinery, and equipment, as well as money for marketing, operating costs, and research and development.
Input Materials:Fabrics (such as cotton, silk, and polyester), threads, buttons, zippers, dyes, and other components utilized in the manufacture of shirts and pants are examples of resources.
Hence, The company needs these resources to make textiles successfully and efficiently, enabling them to fulfill consumer demand for high-quality shirts and pants.
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A textiles firm uses four categories of resources: labor (factory workers), capital (equipment like sewing machines), land (factory space and raw materials like cotton), and entrepreneurship (the leadership and vision to combine these resources to make desirable products)
Explanation:The four categories of resources, also known as factors of production, include labor, capital, land, and entrepreneurship. For a firm that manufactures textiles:
Labor: This refers to the workforce of the company, such as factory workers who operate the machines and sew the textiles. Capital: These are the machinery and equipment used for textile production. For example, sewing machines, looms, and even the factory buildings themselves. Land: This includes the physical space where the factory is located, as well as natural resources like cotton used in the manufacturing of textiles. Entrepreneurship: This is the initiative to combine the three other factors of production into a successful business. An example here would be the business insight to manufacture high-demand textile goods and manage supply chains effectively. Learn more about Factors of Production here:
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The ape copy company's preferred stock pays an annual dividend equal to $16.50. if investors demand a return equal to 11 percent to purchase ape's preferred stock, what is its market value?
Answer:
$150
Explanation:
Dividend/ Demand Return
$16.50/.11 = $150
The journal entry to record a return of merchandise purchased on account under a periodic inventory system would be
Many people dream of opening their own restaurant someday and restaurant supply houses provide easy finance options for equipment purchases. also, a high growth is projected for the restaurant industry sector. according to porter's five-force model, this is one of the reasons why the _____ in this industry is so high. failure rate exit barrier threat of potential entrants technological breakthrough
Taos company sold goods to a customer for $100 and collected $7.50 in sales taxes. what type of transaction is the collection of the sales tax? asset exchange transaction claims exchange transaction asset use transaction asset source transaction
The collection of sales tax in this transaction is an asset exchange transaction. The Taos company sold goods to a customer for $100 and collected $7.50 in sales taxes.
Explanation:The collection of sales tax in this transaction is an asset exchange transaction. In this case, the Taos company sold goods to a customer for $100 and collected $7.50 in sales taxes. The sales tax collected is considered an asset for the company because it represents money that the company has received as part of the sales transaction. It is an exchange of assets between the company and the customer.
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⦁ a local drama company proposes a new neighborhood theater in san francisco. before approving the permit, the city planner completes a study of the theater's impact on the surrounding community. ⦁ one finding of the study is that theaters attract traffic, which adversely affects the community. the city planner estimates that the cost to the community from the extra traffic is $5 per theater ticket. what kind of externality is this?
The $5 cost per theater ticket due to increased traffic represents a negative externality because it is a cost incurred by the community, which is external to the market exchange between the theater and its patrons.
Explanation:The cost to the community from the extra traffic caused by a new neighborhood theater in San Francisco, estimated at $5 per theater ticket, is an example of a negative externality. This type of externality occurs when a market exchange adversely affects a third party who is external to the transaction. In this scenario, the local drama company and theatergoers participate in a market exchange, but the surrounding community bears the cost of increased traffic without being part of the decision-making process.
When considering externalities related to a business venture, it is important to assess all parties that might be impacted. In the case of the theater, while it may boost cultural opportunities and potentially the local economy, the adverse effects on traffic and the associated costs to the community represent unintended consequences of this economic activity.
Of fifo or lifo, which method would produce the more favorable cash flow? fifo, because of it produces lower income tax expense fifo, because of it produces higher income tax expense lifo, because of it produces lower income tax expense lifo, because of it produces higher income tax expense no difference in cash flow
Robert hitchcock is 40 years old today and he wishes to accumulate $500,000 by his 65th birthday so he can retire to his summer place on lake hopatcong. he wishes to accumulate this amount by making equal deposits on his 40th through his 64th birthdays. what annual deposit must robert make if the fund will earn 12% interest compounded annually?
The problem wants to find out the cash flow per period that Robert will make from his 40th birthday until his 65th birthday. We know that he wants to get $500,000 by his 65th birthday thus this is the future value of his money. To solve for the cash flow per period, the equation is Future value = Annuity * [((1+i)^n-1)/i]. The n is the number of payments Robert would make which is 25. The answer would be $3749.98.
Final answer:
Robert Hitchcock needs to make an annual deposit of $832.70 from his 40th to his 64th birthday at a 12% annual interest rate to accumulate $500,000 by his 65th birthday.
Explanation:
Robert Hitchcock wishes to save $500,000 by his 65th birthday, planning to make equal yearly deposits from age 40 to 64 at a 12% annual interest rate. We will calculate the necessary annual deposit using the formula for the future value of an annuity, which is FV = P * [((1 + r)^n - 1) / r], where FV is the future value, P is the annual deposit, r is the annual interest rate, and n is the number of deposits. To solve for P (the annual deposit), we rearrange the formula to P = FV / [((1 + r)ⁿ - 1) / r].
Given FV = $500,000, r = 12% or 0.12, and n = 25 years (from 40 to 64 years old), we calculate:
P = $500,000 / [((1 + 0.12)²⁵ - 1) / 0.12]
Plugging the numbers into the formula gives:
P = $500,000 / [(9.64629371 - 1) / 0.12]
P = $500,000 / [72.0524476 / 0.12]
P = $500,000 / 600.43623
P = $832.70
Therefore, Robert Hitchcock must make an annual deposit of $832.70 to achieve his goal of $500,000 by his 65th birthday.
"when more tenured workers publish best practice information on the it solutions' knowledge management system, they are providing"
José is trying to decide how to diversify his company so that it produces a larger variety of products and competes in new markets. this is a(n) example of a _____ decision.
A family paid $99,000 cash for a house. fifteen years later, the house was sold for $195,000. if interest is compounded continuously, what annual nominal rate of interest did the original $99,000 investment earn?
Starting with the continuous compound interest formula, we have A = Pe^rt where P is the principal amount to be invested, r is the rate of annual interest to be compounded continuously, t is the period of time in years for which the amount P invested, A is the total amount in the account at the end of time t.
Given that a family paid $99,000 cash for a house and it was sold for $195,000 after fifteen years. Now we have to find the annual nominal rate of interest did the original $99,000 investment earn if interest is compounded continuously. Substituting the values we have P=$99,000, A=$195,000, t =15 years.
Hence, the equation above becomes 195,000 = 99,000e^r(15) => e^r(15) = 195,000/99,000 => e^r15 = 65/33.
ð Ln(e^r15) = ln (65/33) => 15rln€ = 0.67788
ð R = 0.67788 /15 = 0.045192 = 4.52%
The annual nominal rate of interest is 4.52%.
Research shows that just ________ minutes of exercise can help calm you for as long as 24 hours.
To raise wealth and stimulate private spending, suppose the central bank lowers interest rates, making stock market investment relatively attractive. which stock market index would you monitor to judge the effectiveness of the policy: the dow jones industrial average or the s&p 500?
A nominal interest rate is defined as "the opportunity cost of holding or using money." explain what you understand this definition to mean.
The national center for education statistics reports that the proportion of college freshmen who return to the same school for their sophomore year is 0.73. suppose we select a random sample of 400 freshmen from across the nation.
Final answer:
The question requires the application of principles of probability and statistics to calculate probabilities using the binomial distribution, given a freshman retention rate and a sample size.
Explanation:
The question involves basic concepts of probability and statistics, specifically focusing on the calculation and interpretation of the binomial distribution. When dealing with a national average proportion of college freshmen returning for their sophomore year (0.73) and examining a sample size of 400, a student can use the binomial distribution to calculate various probabilities. For example, one could calculate the probability exactly 292 out of the 400 freshmen return (since 0.73 multiplied by 400 equals 292), or find the probability that more or less than this number return.
Additionally, using a large sample size allows one to approximate the binomial distribution with a normal distribution, simplifying calculations and making it possible to apply various statistical methods such as confidence intervals or hypothesis tests to assess college retention rates or related research questions.
For high levels of quantity supplied where firms have reached near maximum capacity, supply becomes less elastic because firms may need to invest in additional capital in order to further increase production.
At high levels of quantity supplied near maximum capacity, supply becomes less elastic because firms may need significant capital investments and time to further increase production, limiting their responsiveness to demand.
High levels of quantity supplied, where firms are operating near their maximum capacity, can indeed result in a situation where the supply becomes less elastic. This occurs because firms may need to make substantial investments in additional capital, such as new machinery or production facilities, to further increase their production. These investments require time, resources, and planning, and firms may not be able to respond quickly to changes in demand.
As a result, the supply of the product may become less responsive to price changes or shifts in demand, making it less elastic. In such cases, even if prices rise significantly, the supply may not increase proportionally due to the limitations of capacity and the time required to expand production.
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Condominiums usually require a monthly fee for various services. at $235 a month, how much would a homeowner pay over a period of 10 years for living in this housing facility? total fee $ 2350
Final answer:
To find the total condominium fees over 10 years, multiply the monthly fee of $235 by the number of months in 10 years (120). The total amount comes to $28,200.
Explanation:
To calculate the total condominium fee over a period of 10 years, first understand that a monthly fee of $235 is charged. To find the total amount paid over 10 years, we need to calculate the monthly payments aggregated over the years. 10 years consists of 10 x 12 months, which is 120 months.
The total fee paid over 10 years is therefore 120 months times $235 per month. Using a simple multiplication:
120 months x $235/month = $28,200
So, a homeowner would pay a total of $28,200 in condominium fees over the span of 10 years.
Why are farmers suffering from low incomes in both more and less developed countries?
Dalton, georgia has developed into a leading producer of carpets, despite its small size. what is the reason for dalton's comparative advantage in carpet production?
A workbook contains sales information for the first quarter and you are interested in finding the totals sales generated in january by the sales rep jim anderson. what function is best suited to handle the task?
The function that is best suited in handling the task that will help you in seeking the information needed such as the total sales generated in January is the SUMIFS. This function will help in summing the values in the cells base on the dates or numbers provided.
The job characteristics model approach is an approach to motivation that suggests that employees are more motivated when they do different things on the job, have a complete piece of work to do, have meaningful work to do, make their own decisions about how to do their work, and receive feedback on the work they have done.
An agency that offers accreditation for health-oriented websites is ____.
Experts estimate that ________ of sustainability occurs at the design stage