If 20,000 gallons were 60% complete and 5,000 units were 40% complete. The Equivalent units equals 39,000 gallons.
Equivalent unitsUsing this formula
Equivalent units=Ending complete gallons(25,000 gallons ×60% complete)+ (5,000 units ×40% complete)
Let plug in the formula
Equivalent units=25000+(20000×60%)+(5000×40%)
Equivalent units=25,000+12,000+2,000
Equivalent units=39,000 gallon
Therefore the Equivalent units equals 39,000 gallons.
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You borrow money on a self liquidating installment loan (equal payments at the end of each year, each payment is part principal part interest)
Loan amount $989,000
Interest Rate 11. 7%
Life 48 years
Date of Loan January 1, 2021
1. What is the annual payment (round to the nearest $)?
2. What are the total interest payments (round to the nearest $)?
3. After 28 payments have been made, what percentage of the total interest has been paid (round to the nearest percentage point)?
4. After 28 payments have been made, what percentage of the total principal has been paid (round to the nearest percentage point)
5. What is the annual payment (round to the nearest $)?
6. What are the total interest payments (round to the nearest $)?
After 28 payments have been made, what percentage of the total interest has been paid (round to the nearest percentage point)?
8. After 28 payments have been made, what percentage of the total principal has been paid (round to the nearest percentage point)?
The percentage of total interest paid after 28 payments is 69%, and the percentage of total principal paid after 28 payments is 10%.
Calculations of a Loan Annual Payment and Total Interest PaymentsNote: Only questions 1 to 4 are relevant as questions 6 to8 are just repetitions of questions 1 to 4 respectively.
Also Note: See the attached photo for the loan amortization schedule for the self-liquidating installment loan.
From the attached photo, we can answer the questions as follows:
1. Annual payment = $116,287
2. Total interest payments = Total of interest = $4,592,780
3. Percentage of total interest paid after 28 payments = Cumulative interest payment at Year 28 / Total interest payments = $3,152,232 / $4,592,780 = 0.69, or 69%
4. Percentage of total principal paid after 28 payments = Cumulative annual principal at Year 28 / Total principal payments = $103,806 / $989,000 = 0.10, or 10%
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John and Vicky purchased a $200,000 homeowners policy for their house in 1988. They have renewed the policy each year since, but have not updated their coverage. This policy has a $1,000 deductible. Their home now has a replacement value of $275,000. Last week they came home to find a small fire which caused the following damages: home$50,000 personal property$20,000 landscaping$ 7,000How much will the insurance company pay for the $50,000 loss to their home
The amount that the insurance company pay for the $50,000 loss to their home will be $25000.
What is an insurance?It should be noted that insurance simply means a form of protection against financial loss to hedge against risk.
From the information given, there is a 50% on the personal property covered. In this case, the amount will be:
= 50% × $50000
= $25000
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Andy Yocom was looking to start a small business so he could be his own boss. While golfing one day, he saw prime advertising space on the flags on the course. He has decided to call his new venture Invision Golf Group Inc. What should he include in his business plan
The things that Andy Yocom should include in the business plan is E. All of the above.
What is a business plan?A business plan simply means a plan that is used by a business to set out the goals and objectives of the firm and how the company will achieve it.
From the complete question, he should include the goals, how the company will achieve it, the employees to achieve the goals, etc.
The things that should be included include:
management plan.the elements of the company that make it uniquean analysis of the market in which the company will operatea financial plan.Therefore, the correct option is all of the above.
Note that the options to the question include:
A. management plan.
B. the elements of the company that make it unique
C. an analysis of the market in which the company will operate
D. a financial plan.
E. all of the above.
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If a person withdraws $500 from his/her checking account and holds it as currency, then M1 will ________ and M2 will ________. Group of answer choices
When a person withdraws $500 from his checking account and holds it as currency, M1 will increase and M2 will not change.
What is a checking account?It should be noted that a checking account simply means a deposit account that allows one to make withdrawals and deposit.
In this case, when a person withdraws $500 from his checking account and holds it as currency, M1 will increase and M2 will not change.
Here, M1 is the money supply which is composed of currency, demand deposit and savings deposit. M2 is the measure of money supply that has to do with cash, checking deposit and near money.
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Genna and four others are establishing a business to create monogrammed items of personal clothing to sell to the general public. genna is concerned about entering into business with others and possibly being liable for their actions, so she convinces the others that they should incorporate. after doing some basic research on how to incorporate a business, genna starts preparing the articles of incorporation. at a minimum, genna must make sure that the articles of incorporation include:
Genna's article of incorporation must include:
Name of the corporation,Number of shares of stock the corporation is authorized to issue,Name and street address of the initial registered agent of the corporation as well as its registered office, and Name and address of each incorporator.What are the articles on incorporating a business?Articles of incorporation are a series of formal documents that must be filed with a government agency in order to legally establish the formation of a business.
Many businesses in the United States are organized as corporations, which are legal entities incorporated in the region in which they conduct business. A business must be incorporated in order to be formally recognized as a corporation by following certain actions and making certain decisions as mandated by corporate law.
Genna's article of incorporation must include:
Name of the corporation,Number of shares of stock the corporation is authorized to issue,Name and street address of the initial registered agent of the corporation as well as its registered office, and Name and address of each incorporator.Learn more about the articles on business incorporation here;
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A financial institution or commercial bank that purchases a business' accounts receivable at a discount and then keeps what they collect is a(n) ______.
A financial institution that purchases a business' accounts receivable at a discount and then keeps what they collect is a(n) factor.
What is account receivable?Account receivable is an asset and can be defined as the amount a company is expected to receive from their client for the service they rendered to the client.
When a financial institution buy a business account receivable at a discounted price or rate by keeping the amount they collected this is tend to be known as a factor.
Therefore a financial institution that purchases a business' accounts receivable at a discount and then keeps what they collect is a(n) factor.
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What is the primary reason for us government bond yields.
Answer: Government bonds form a large proportion of investor holdings, and corporate bonds are often priced relative to corporate bonds.
Explanation:
A drop in which of the following measures would typically send a government bond price down? U.S. government bonds offer higher returns than corporate bonds, so investors find government bonds a more attractive investment. All governments mandate interest rates as part of their economic policy. Non-government borrowers are slightly less safe and therefore must offer slightly lower yields.
A de jure corporation is one that is formed to accomplish a single purpose within a limited time. True False
It is false that a de jure corporation is one that is formed to accomplish a single purpose within a limited time.
To find out why a de jure corporation is not limited to a single purpose, we need to know more.
What is de jure corporation?It is when a coporation has fulfiled the required mandate within the ambit of the law to become a corporation.For a certified de jur coporation, they can issue stocks and also carry out daily activities.Hence, we can conclude that a de jure corporation is not one that is formed to accomplish a single purpose within a limited time.
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Many companies moved their operations from new england and the midwest to locations in the south because
Many companies moved their operations from new england and the midwest to locations in the south because: the South had less expensive site factors than northern regions.
Change of operation location from midwest to southThe major reason why most companies tend to moved their operation to south was to maximize profit.
Compare to midwest, the site factors such as rew material, labor and land were more cheaper in the south.
This companies change their operation location because they want to reduce cost as their aims and objective is to generate or maximize profit.
Inconclusion the South had less expensive site factors than northern regions.
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When negative externalities exist, an unregulated market will produce ______ of the good and the price will be ______ when compared to the efficient level of production.
When negative externalities exist, an unregulated market will produce too much of the good and the price will be low when compared to the efficient level of production.
What is a negative externality?This is type of externality that occurs when the production or the consumption of a good brings about extra costs for another party.
When this is the case, then it may result in one party having benefits and the other party suffering for the benefits.
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What does the phrase internalizing an external cost mean?.
Answer:
It means, "forcing producers to factor into their production costs the cost of the externalities created in the production of their output."
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Skysong, Inc. has 48,000 shares of $10 par value common stock outstanding. It declares a 11% stock dividend on December 1 when the market price per share is $17. The dividend shares are issued on December 31. Prepare the entries for the declaration and issuance of the stock dividend.
The entries is:Debit Stock Dividend $89,760;Credit Common Stock Dividend Distributable $52,800;Credit Paid in Capital in excess of Par- $36,960.
Declaration and issuance of the stock dividendDec 1
Debit Stock Dividend $89,760
(48,000×11%×$17)
Credit Common Stock Dividend Distributable $52,800
(48,000×11%×$10)
Credit Paid in Capital in excess of Par- $36,960
($89,760-$52,800)
Dec 31
Debit Common Stock Dividend Distributable $52,800
(48,000×11%×$10)
Credit Common Stock $52,800
Therefore the entries is: Debit Stock Dividend $89,760 ;Credit Common Stock Dividend Distributable $52,800;Credit Paid in Capital in excess of Par- $36,960.
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Question 2 of 10
Which of the following is an example of a value?
A. Sports
B. Public speaking
C. Coding skills
D. Responsibility
SUBMIT
Answer:
》resonsibility
............................
Why is it important to have communication in a job ?
Answer:
Good communication can boost teamwork and lead to better project collaboration.
Answer:
- Good communication can boost teamwork and lead to better project collaboration. It applies to practically every industry.
- Workplace communication is important for streamlining internal communication. Maintaining effective communication ensures that management and the team below them are on the same page
- It disseminates the information needed by employees to get things done and builds relationships of trust and commitment.
- Workplace communication is vital to an organization's ability to be productive and operate smoothly.
- Workplace communication improves worker productivity.
I hope my answer helps you.
When the members of a marketing channel operate to satisfy their own objectives and maximize their own profits, often at the expense of the other members, the channel operates as:.
If a salesperson wishes to provide potential buyers with evidence that the product is enjoyed by others in the
community, he or she can
O put its logo on a pair of jeans
O place an advertisement on the radio
position an ad on the internet
o provide testimonials from customers
why doesn't school teach taxes
Answer:
Well, Who knows but I'd assume they deem it unimportant. for our class because of we were a higher class our parents would teach us how when we were ready
Answer: People file different kinds of taxes. They can't teach you every kind of tax in depth on how to go through it. For example, for personal income taxes, there are currently three different types of forms that someone could file.
What does the Federal Reserve help regulate?
A. The economy
O B. Food
O C. Clothing
O D. Music
Answer: A The Economy
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Ugar has relocated a production firm to a country that has lower production costs, and is closer to his customers. What type of advantage does this offer Ugar's firm
The advantage offered to Ugar by relocating their production firm is a reduction in the cost of doing business.
What advantage does Ugor gain?When Ugor relocated to the country that has a lower production cost, it means that they will spend less to produce their goods and services.
He will also spend less on transporting his goods to his customers. These reduced costs mean that his cost of doing business has reduced.
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Observation can be used to help determine ______. Multiple select question. proper inventory authorizations proper recording and allocation of labor and material costs physical controls over inventory separation of duties in the inventory area
Observation can be used to help determine proper inventory authorizations so as to meet the goals of the company.
What is observation ?Observation serves as the the action or process which involves closely monitoring of something or someone.
Therefore, with proper observation, as an expert you can determine proper inventory authorization so as to achieve organizational goals.
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Wat is NOT taken into account when determining a person's career path?
Answer:
genetics
Explanation:
You just won the lottery. congratulations! the jackpot is $10,000,000, paid in eight equal annual payments. the first payment on the lottery jackpot will be made today. in present value terms, you really won —assuming annual interest rate of 8.00%.
Answer:
An annuity that pays $1,000 at the beginning of each year
PTM of the annuity selling for 2,541.15 $ 437.50
Present value of the Jackpot: $62,063,701
Explanation:
Because is at the beginning, the 1,000 will be generating interest right away.
So even the 500 at the beginning will have a slightly higher rate, it cwon't compensate the 1,000 upfront.
Because it is needed for the schedule of expected cash collections, the annual master budget file includes the.
It should be noted that the annual master budget file includes the from last year.
What is a master budget?The master budget serves as the aggregation of all lower-level budgets produced that is been generated by company's various functional areas.
This encompass budgeted financial statements, and a financing plan.
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Pierre works at a fine dining restaurant. He wants to impress his special guests tonight by carving the lamb, which is the main course, in front of them. Before dinner service started he made sure that his ______ cart was stocked with utensils, linen, hot plates, a flare lamp, and accompaniments such as sauces and mustard
He made sure that the kitchen cart was stocked with necessary utensils, flare lamp, sauces, mustard etc.
What is a kitchen cart?This is a cart that is designed to serve an all-purpose storage and workspace for personal and business kitchen.
These cart usually a drawers, baskets, cabinets or hooks that will helop to hold utensils, towels, essentials etc.
Therefore, the word "kitchen cart" is correct.
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Janet wants to line a block of text on the right what up come in and allow her to do this
a. indet
b. window control
c. justification
d. line and page breaks
Answer:
I believe the answer would be C. Justification
Explanation:
She would be allowed to do this.
A liability for cash dividends is recorded: Multiple Choice When cumulative preferred stock is sold. On the date of declaration. On the date of record. On the date of payment. For dividends in arrears on cumulative preferred stock.
A liability for cash dividends is recorded either on the:
date of declarationdate of recorddate of payment. Where are liability for cash dividends recorded?When the dividend is declared, the company will records a liability to shareholders in the dividends payable account.
Hence, these liability are recorded on the financial records and reported on the corporation's balance sheet.
Therefore, the Option B, C and D is correct.
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What is the reason for using progressive taxes on income?
A) Lower-income individuals have a lower cost of living and can afford to pay more in taxes.
B) Higher-income individuals are more likely to spend their income on consumption of goods, and paying more taxes discourages spending.
C) Higher-income individuals are more likely to afford their standard of living and can afford to pay more in taxes.
D) Individuals of all incomes pay the same percentage of their income toward the tax, making it a fair tax.
The reason for the progressive tax is because the Higher-income individuals can afford a good standard of living and can pay more in taxes.
What is a progressive tax?This is a type of tax imposed based on a taxpayer's ability to pay, that is, the higher the income. the higher the taxrate applicable to the taxpayer's income.
The reason for progressive tax is that a tax would be a disproportionate burden for people with low incomes.
Therefpre, the Option C is correct.
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Which statement is NOT true?
A. Local banks offer commercial real estate loans.
B. Local banks offer automobile loans to the government.
C. Local banks offer unsecured loans.
D. Local banks offer residential mortgage loans.
E. Local banks offer educational loans.
Explanation:
The Answer Is C. That's It
What best describes national finances during president reagan’s time in office?
The statement that best describes national finances during president Reagan’s time in office is both federal spending and the national debt rose.
Who is the Regan?Ronald Wilson Reagan was the 40th President of the United States of America, presiding from 1981 to 1989.
After a profession as a Hollywood star and union organizer, he governed as the 33rd governor of California from 1967 to 1975.
Under his presidency, the federal government's spending increased by around 65 percent. The total spent climbed from $599 billion to $991 billion.
The national debt is also increasing. During his reign, it has steadily increased from $738 billion to $2.1 trillion, the economy has been growing considerably.
The military organization under his presidency is responsible for the vast majority of this spending and borrowing.
Therefore, both federal spending and the national debt rose as a result of his spending.
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When you buy Crest toothpaste at your local supermarket because you have a 50-cents-off coupon for it, even though that is not your regular brand, you are being influenced primarily by which promotional element
Sales promotion is a promotional element that makes you buy Crest toothpaste at your local supermarket because you have a 50-cents-off coupon.
What is sales promotion?A sales promotion is a strategy used to market products in a business, the business make of campaign as a medium of attracting individual who are potential customers.
This helps increase the demand for a particular products.
Therefore, Sales promotion is a promotional element that makes you buy Crest toothpaste at your local supermarket because you have a 50-cents-off.
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