Answer:
We call it an estimated mean because it represents the average of the data collected, and we assume that this average (estimated mean) represents the data collected. But this is not necessarily true since the estimated mean is not the same as all the different data collected. Most of the times, when we are working with statistics we do not know or are not even given all the data, we are just given the relevant ratios or indicators.
Write down the characteristics which had the highest poverty rate in 2016?
Answer:
Follows are the solution to this question:
Explanation:
The poverty rate is the proportion of those whose income falls below the poverty line, as well as, the official poverty level of 2016 was 12.7% when half of the median family income for the overall population. Below are the highest poverty level features in 2016:
Desire to share exposure to food and clean water. Entry to living standards or jobs is little to no. Conflict. The unfairness. Wretched schooling. The shift in the atmosphere. Transportation deficit. The government's limited capacity.1. _______ Allen was driving home when a deer jumped out. The deer damaged his truck.
2. _______ A lightning strike at Troy’s home damages his TV and DVD player.
3. _______ ABC Insurance Inc. advises Katie that she cannot take out a policy on Brad Pitt.
4. _______ Adam’s job is deciding if the insurer will accept a risk and what the cost will be.
5. _______ Amy decides not to purchase a new car because insurance is so expensive.
6. _______ Bill is paid for a collision claim based on the book value of his vehicle.
7. _______ Cheetum’s Body Shop padded the repair bill for Chris’s pick up.
8. _______ Janet hit a car and someone was hurt. This covers the medical expenses.
9. _______ Keith let the auto insurance policy lapse. Keith rear-ended Ann’s truck today.
10. _______ Missy owes for damage to John’s car because she hit him while talking on her cell.
11. _______ Monica’s life insurance costs more but includes a savings component.
12. _______ Pat insures his business partner, Chuck, with a $1 million life insurance policy.
13. _______ Rob gets a bill in the mail from ABC Insurance Company for $125.
14. _______ Ross contacted this business when he had an automobile accident.
15. _______ Tammy hit a telephone pole and did over $2000 damage to her car.
16. _______ This requires Joe to buy liability insurance prior to getting a license plate.
17. _______ Thomas shut the trunk on his thumb and went to the emergency room.
18. _______ Tony and Chris staged an auto accident to collect claim benefits.
19. _______ Wanda’s car was damaged by hail during a storm.
20. _______ An ambulance transported Melanie to the hospital after the other car crossed the center line and caused a wreck.
a. Actual Cash Value
b. Bodily Injury Liability
c. Collision
d. Comprehensive
e. Financial Responsibility Law
f. Homeowner’s
g. Insurable Interest
h. Insurance Company/Insurer
i. Insurance fraud
j. Insured
k. Joint Insurance
l. Medical Payments
m. Premium
n. Property Damage Liability
o. Renter’s
p. Risk management
q. Underwriter
r. Uninsured and Underinsured Motorist
s. Whole Life
Answer:
Matching Situation with appropriate term:
1. _c. Collision __ Allen was driving home when a deer jumped out. The deer damaged his truck.
2. _n. Property Damage Liability _ A lightning strike at Troy’s home damages his TV and DVD player.
3. _h. Insurance Company/Insurer _ ABC Insurance Inc. advises Katie that she cannot take out a policy on Brad Pitt.
4. _p. Risk management _ Adam’s job is deciding if the insurer will accept a risk and what the cost will be.
5. __o. Renter’s __ Amy decides not to purchase a new car because insurance is so expensive.
6. __m. Premium _ Bill is paid for a collision claim based on the book value of his vehicle.
7. __i. Insurance fraud _ Cheetum’s Body Shop padded the repair bill for Chris’s pick up.
8. _b. Bodily Injury Liability _ Janet hit a car and someone was hurt. This covers the medical expenses.
9. _r. Uninsured and Underinsured Motorist _ Keith let the auto insurance policy lapse. Keith rear-ended Ann’s truck today.
10. _d. Comprehensive _ Missy owes for damage to John’s car because she hit him while talking on her cell.
11. _m. Premium_ Monica’s life insurance costs more but includes a savings component.
12. _s. Whole Life__ Pat insures his business partner, Chuck, with a $1 million life insurance policy.
13. __m. Premium__ Rob gets a bill in the mail from ABC Insurance Company for $125.
14. __h. Insurance Company/Insurer _ Ross contacted this business when he had an automobile accident.
15. _n. Property Damage Liability _ Tammy hit a telephone pole and did over $2000 damage to her car.
16. _e. Financial Responsibility Law __ This requires Joe to buy liability insurance prior to getting a license plate.
17. __l. Medical Payments __ Thomas shut the trunk on his thumb and went to the emergency room.
18. __i. Insurance fraud_ Tony and Chris staged an auto accident to collect claim benefits.
19. _n. Property Damage Liability_ Wanda’s car was damaged by hail during a storm.
20. _b. Bodily Injury Liability_ An ambulance transported Melanie to the hospital after the other car crossed the center line and caused a wreck.
Explanation:
Appropriate terms:
a. Actual Cash Value
b. Bodily Injury Liability
c. Collision
d. Comprehensive
e. Financial Responsibility Law
f. Homeowner’s
g. Insurable Interest
h. Insurance Company/Insurer
i. Insurance fraud
j. Insured
k. Joint Insurance
l. Medical Payments
m. Premium
n. Property Damage Liability
o. Renter’s
p. Risk management
q. Underwriter
r. Uninsured and Underinsured Motorist
s. Whole Life
Identify each word that represent each situation
1. Collision is when Allen was driving home when a deer jumped out. The deer damaged his truck.
2. A lightning strike at Troy’s home damages his TV and DVD player is called Property Damage Liability
3. ABC Insurance Inc. advises Katie that she cannot take out a policy on Brad Pitt. This is called Insurance Company/Insurer
4. Risk management occurs when Adam’s job is deciding if the insurer will accept a risk and what the cost will be.
5. Amy decides not to purchase a new car because insurance is so expensive. This is called Renter’s
6. Premium is the Bill paid for a collision claim based on the book value of his vehicle.
7. Insurance fraud is when Cheetum’s Body Shop padded the repair bill for Chris’s pick up.
8. Janet hit a car and someone was hurt. This covers the medical expenses. This is refered to as Bodily Injury Liability
9. Uninsured and Underinsured Motorist is when Keith let the auto insurance policy lapse. Keith rear-ended Ann’s truck today.
10. Comprehensive : Missy owes for damage to John’s car because she hit him while talking on her cell.
11. Premium: Monica’s life insurance costs more but includes a savings component.
12. Whole Life: Pat insures his business partner, Chuck, with a $1 million life insurance policy.
13. Premium: Rob gets a bill in the mail from ABC Insurance Company for $125.
14. Insurance Company/Insurer: Ross contacted this business when he had an automobile accident.
15. Property Damage Liability: Tammy hit a telephone pole and did over $2000 damage to her car.
16. Financial Responsibility Law: This requires Joe to buy liability insurance prior to getting a license plate.
17. Medical Payments: Thomas shut the trunk on his thumb and went to the emergency room.
18. Insurance fraud: Tony and Chris staged an auto accident to collect claim benefits.
19. Property Damage Liability: Wanda’s car was damaged by hail during a storm.
20. Bodily Injury Liability: An ambulance transported Melanie to the hospital after the other car crossed the center line and caused a wreck.
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Randall owns and operates a successful landscaping company. His net profit income in 2019 was $209,000. What is the amount of SE tax he must pay
Answer:
Randall
The amount of SE tax he must pay is:
$22,540.60
Explanation:
a) Data and Calculations:
Net profit income for 2019 = $209,000
Self-employment tax:
First $132,900 * 15.3% = $20,333.70
Excess of $76,100 ($209 - 132,900) * 2.9% = $2,206.90
Total SE tax = $22,540.60
b) The IRS states that Randall's self-employment (SE) tax 2019 rate is 15.3 percent on the first $132,900 of his net profit income plus 2.9 percent on the net income in excess of $76,100 ($209 - 132,900). It has been ascertained that being self-employed can significantly lower the tax bill. The self-employed can claim specific benefits, allowances, and reliefs if they are business expenses. These business expenses may include various office costs, advertising and marketing, and travel costs.
5 million in total liabilities 4 million dollars in the balance sheet net worth Calculate the debt to worth ratio
Answer:
1.25
Explanation:
The net worth ratio uses data from the balance sheet to compare the level of a company's debt against its total net worth.
The formula for calculating the debt to net worth ratio is as below.
Debt to networth ratio = Total debts/ Total net worth.
Liabilities are the debts of a business.
in this case, = 5,000,000 / 4,000,000
Debt to net worth ration= 5/4
=1.25
Crane Corp. had total variable costs of $269,100, total fixed costs of $111,600, and total revenues of $390,000. Compute the required sales in dollars to break even.
Answer:
the break even point in dollars is $360,000
Explanation:
The computation of the break even sales in dollars is given below:
Break even sales in dollars is
= Fixed cost ÷ contribution margin ratio
where,
Contribution margin ratio is
= (Sales - variable cost) ÷ (Sales)
= ($390,000 - $269,100) ÷ ($390,000)
= 31%
Now the break even point in dollars is
= $111,600 ÷ 0.31
= $360,000
Hence, the break even point in dollars is $360,000
Alpha and Beta are partners who share income in the ratio of 1:2 and have capital balances of $34,200 and $88,500, respectively, at the time they decide to terminate the partnership. After all noncash assets are sold and all liabilities are paid, there is a cash balance of $80,700. What amount of loss on realization should be allocated to Alpha
Answer:
Alpha and Beta
The amount of loss on realization that should be allocated to Alpha is:
$14,000.
Explanation:
a) Data and Calculations:
Alpha Beta Total
Sharing ratio = 1 : 2
Capital balances $34,200 $88,500 $122,700
Cash balance = $80,700
Loss on realization = $42,000 ($122,700 - 80,700)
Loss sharing:
Alpha = $42,000 * 1/3 = ($14,000)
Beta = $42,000 * 2/3 = ($28,000)
Cash refund $20,200 $60,500 ($80,700)
b) After sharing the loss (reduction in their capital balances against the available cash) in their profit and loss sharing ratios, their capital balances will be reduced by their respective amounts of loss. Therefore, the cash each partner is entitled to will become equal to the cash available, as depicted above.
describe the cycle that dictates the economic ups and down of the hotel industry
The terms of business cycle which includes expansion, growth, peak, recession describes the Ups and down of the hotel industry
Business cycle refers to the cyclical upswings and downswings of a business in its output, employment, income, sales etc
The 4 stages of business cycle includes:
expansionpeakcontractiontrough/recession.In conclusion, the terms of business cycle which includes expansion, growth, peak, recession describes the Ups and down of the hotel industry
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Briefly describe what is meant by the industrial market structure (IMS). Why is an understanding of the IMS so important for companies in their strategic management process
Answer is given below:
Explanation:
Industrial market structure is a systematic representation of different organization based on the level of competition for these products or services the nature and nature of these products or services in the market. Industry market is structured is important in a company's strategic management process for the following reasons Clearly assess business objectives Knowing how much competition there is in the market. Get details of your competitor's business development. Competing in the marketIn 2010, the average cost of a house in France is 126,000 euros. In 2018, the average cost is 154,000 euros.Using the price of the average house for reference, the inflation rate of the Euro increased by a factor of __________ in eight years.
Answer: D.) 1.22
Explanation:
Price in 2010 = €126,000
Price in 2018 = €154,000
Increase = 154,000/126,000
= 1.22
The following citation is for a page on a Web site. Identify the error in the citation.
Damon convinced his aunt to lend him $6,900 to purchase a plasma digital TV. She has agreed to charge only 12 percent simple interest, and he has agreed to repay the loan at the end of one year. How much interest will he pay for the year
Answer:
444
Explanation:
Simple Interest for a year can be calculated using
I = PRT/100
P= Principle amount
R= percent simple interest
T= time
(3700)(12)(1)/100 = 444
What are the portfolio weights for a portfolio that has 130 shares of Stock A that sell for $40 per share and 110 shares of Stock B that sell for $30 per share
Answer:portfolio Weight of A =0.6118; portfolio Weight of B=0.3882
Explanation:
stock A Investment = Number of shares x market value
=130 x 40 = $5200
stock B investment =Number of shares x market value
110 x 30 = $3,300
Total Investments= $5200 + $3,300 = $8,500
portfolio Weight = stock Investment / Total investment
portfolio Weight of A= 5200/ 8,500 =0.6118
portfolio Weight of B = 3,300 / 8,500 =0.3882
the scott company had the following activities during 2019. during the year, work-in-process increased by $2,500 and finished goods decreased by $6,000. during the year, work-in-process increased by $2,500 calculate the amount of direct labor cost for the year
Answer:
$5,000
Explanation:
The amount of direct labor cost is calculated as;
= Increase in work in process during the year + Increase in work in process during the year
Given that;
Increase in work in process during the year = $2,500
Further increase in work in process during the year = $2,500
Direct labor cost = $2,500 + $2,500
Direct labor cost $5,000
The TSA suits:
A.
Engineering students.
B.
Construction students.
C.
Technology students.
D.
STEM students.
Answer:
STEM Students - TSA focuses on all areas of stem, not just technology.
Explanation:
got it correct
Please help with the highlighted part. this is a practice essay
Answer:
Expansion: A speedup in the pace of economic activity defined by high growth, low unemployment, and increasing prices.
Peak: The upper turning point of a business cycle and the point at which expansion turns into contraction.
Contraction: A slowdown in the pace of economic activity defined by low or stagnant growth,...
there you go hope you consider brainliest
Explanation:
Build a schedule for the following staffing requirements, giving workers two consecutive days off per cycle (not including Sunday). Assume that 4 days of work is full time.
Day Mon Tue Wed Thu Fri Sat
Staff needed 3 4 2 3 4 5
Answer:
Explanation:
The following process is used to schedule staffing requirements.
Start appointing workers in a way that two days contain the lowest amount of staff required are designated first.
Then, we minus 1 from each cell except for the selected pair of days.
After that, we lookout for pairs of days that contain the least amount of staff requirements.
We will then repeat the above process until the staffing requirements are fully met.
OUTPUT:
[tex]\ A\ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ B\ \ \ \ \ \ \ \ \ \ \ C\ \ \ \ \ \ \ \ \ \ \ D\ \ \ \ \ \ \ \ \ \ \ E\ \ \ \ \ \ \ \ \ \ \ F\ \ \ \ \ \ \ \ \ \ \ G[/tex]
[tex]1 \ \ \ \ Day \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ Mon \ \ \ \ \ \ \ \ \ \ \ Tue \ \ \ \ \ \ \ \ \ \ \ Wed \ \ \ \ \ \ \ \ \ \ \ Thur \ \ \ \ \ \ \ \ \ \ \ Fri \ \ \ \ \ \ \ \ \ \ \ Sat[/tex]
[tex]2 \ \ \ \ Staff \ needed \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ 3 \ \ \ \ \ \ \ \ \ \ \ 4 \ \ \ \ \ \ \ \ \ \ \ 2 \ \ \ \ \ \ \ \ \ \ \ 3 \ \ \ \ \ \ \ \ \ \ 4 \ \ \ \ \ \ \ \ \ \ \ 5[/tex]
[tex]3 \ \ \ \ Worker \ 1 \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ 3 \ \ \ \ \ \ \ \ \ \ \ 4 \ \ \ \ \ \ \ \ \ \ \ \mathbf{2 \ \ \ \ \ \ \ \ \ \ \ 3} \ \ \ \ \ \ \ \ \ \ 4 \ \ \ \ \ \ \ \ \ \ \ 5[/tex]
[tex]4 \ \ \ \ Worker \ 2 \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \mathbf{ 2 \ \ \ \ \ \ \ \ \ \ \ 3} \ \ \ \ \ \ \ \ \ \ \ 2 \ \ \ \ \ \ \ \ \ \ \ 3 \ \ \ \ \ \ \ \ \ \ 3 \ \ \ \ \ \ \ \ \ \ \ 4[/tex]
[tex]5 \ \ \ \ Worker \ 3 \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ 2 \ \ \ \ \ \ \ \ \ \ \ 3 \ \ \ \ \ \ \ \ \ \ \ \mathbf{1 \ \ \ \ \ \ \ \ \ \ \ 2} \ \ \ \ \ \ \ \ \ \ 2 \ \ \ \ \ \ \ \ \ \ \ 3[/tex]
[tex]6 \ \ \ \ Worker \ 4 \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ 1 \ \ \ \ \ \ \ \ \ \ \ 2 \ \ \ \ \ \ \ \ \ \ \ \mathbf{1 \ \ \ \ \ \ \ \ \ \ \ 2} \ \ \ \ \ \ \ \ \ \ 1 \ \ \ \ \ \ \ \ \ \ \ 2[/tex]
[tex]7 \ \ \ \ Worker \ 5 \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ 0 \ \ \ \ \ \ \ \ \ \ \ 1 \ \ \ \ \ \ \ \ \ \ \ 1 \ \ \ \ \ \ \ \ \ \ \ 2 \ \ \ \ \ \ \ \ \ \ \mathbf{0 \ \ \ \ \ \ \ \ \ \ \ 1}[/tex]
[tex]8 \ \ \ \ Worker \ 6 \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ 0 \ \ \ \ \ \ \ \ \ \ \ 0 \ \ \ \ \ \ \ \ \ \ \ 0 \ \ \ \ \ \ \ \ \ \ \ 1 \ \ \ \ \ \ \ \ \ \ \ 0 \ \ \ \ \ \ \ \ \ \ \ 1[/tex]
[tex]9 \ \ \ \ No \ working^* \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ 3 \ \ \ \ \ \ \ \ \ \ \ 4 \ \ \ \ \ \ \ \ \ \ \ 2 \ \ \ \ \ \ \ \ \ \ \ 3 \ \ \ \ \ \ \ \ \ \ \ 4 \ \ \ \ \ \ \ \ \ \ \ 5[/tex]
10 *count the number of workers after excluding highlighted cells and 0 values.
Day Minimum number of workers needed
[tex]Mon \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ 3[/tex]
[tex]Tue \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ 4[/tex]
[tex]Wed \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ 2[/tex]
[tex]Thur \ \ \ \ \ \ \ \ \ \ \ \ \ \ 3[/tex]
[tex]Fri \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ 4[/tex]
[tex]Sat \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ 5[/tex]
"Consider a C corporation. The corporation earns $2.5 per share before taxes. After the corporation has paid its corresponding taxes, it will distribute 50% of its earnings to its shareholders as a dividend. The corporate tax rate is 30%, the tax rate on dividend income is 20%, and the personal income tax rate is set at 28%. What are the shareholders earnings from the corporation after all corresponding taxes are paid
Answer:
$0.70 per stock
Explanation:
before tax corporate income = $2.50 per stock
after tax corporate income = $2.50 x (1 - 30%) = $1.75 per stock
distributed dividends = $1.75 x 50% = $0.875 per stock
since the tax rate on dividends is 20%, then the after tax gain earned by stockholders is $0.875 x (1 - 20%) = $0.70 per stock
Some dividends are taxed as long term capital gains (like these), which decreases the tax rate paid by stockholders. If they were taxed at the normal income rate, the tax rate would have been 8% higher.
What will most likely cause a lender to deny credit?
OA short credit history with high balances
O Possession of two credit cards
OA small amount of debt owed
OA historic credit score of 300
Answer:
A historic credit score of 300
Explanation:
A credit score is a numeric record that expresses the reliability of a borrower to repay loans. The credit score or credit rating is determined by, among other things, credit history, income level, and the individual's income to debt ratio.
Credit scores range between 300 and 850. 300 is the lowest and the poorest score. A score of 300 indicates that the borrower has a bad history of debt repayment. They are always late on repayments, miss on installments, or have defaulted on loans. Lenders consider such persons as high-risk borrowers and are likely to deny them credit facilities.
An encumbrance: Group of answer choices is always a lien. burdens the property. cannot affect the physical use of a property. all of the answers are correct.
Answer:
burdens the property.
Explanation:
An encumbrance may be defined as the legal liability or interest in a property which does not prohibits the passing title to the property, instead it can diminish value. In other words it is an obstruction or a burden.
It is a claim by a party against a property who is not the owner of the property. It largely impacts the transferability of that property and also restrict the free use until encumbrance is lifted. It is the obstructions which impedes and is burdensome.
A person’s _______________ shape how he or she views the world.
a.
visions
b.
beliefs
c.
customs
d.
manners
Answer:
B
Explanation:
Question # 6
Fill in the Blank
Complete the following sentence. Remember to spell correctly.
Limiting the amount of imported sugar that can be brought into the United States is an example of a(n) ______
Answer: Import quota
Explanation:
Import quotas are a means of controlling trade into a country. It is usually done because the good being imported is produced in the importing country but when it is imported it is cheaper which will have the effect of harming the domestic producers.
Import quotas will restrict trade by limiting the amount of the specific good that can be imported into the country within a given period. For instance, the U.S. mandating that only 30,000 tonnes of sugar may come into the country in a year. After that amount, no more sugar will be allowed in.
you are considering a project with the cash flows given below. calculate the present value of the future cash flows of the project. discount rate 25%
Answer:
the present value of the future cash flows is $846.57
Explanation:
The computation of the present value of the future cash flows is shown below:
The Present value of inflows is
= Cash inflows × Present value of discounting factor (rate%,time period)
= $100 ÷ 1.25 + $200 ÷ 1.25^2 + $300 ÷ 1.25^3 + $400 ÷ 1.25^4 + $500 ÷ 1.25^5 + $600 ÷ 1.25^6
= $846.5664
Hence, the present value of the future cash flows is $846.57
The production possibilities model illustrates an inverse relationship between two goods or services because
Answer:
production of different types will compete for limited resources.
Explanation:
The production possibilities model is also known as the Production–possibility frontier. It is the visual model of efficiency and scarcity. It provides the concept of how the economy can change things by using two goods as an example. It determines the trade offs that is associated with the allocation of the resources between the production of the two goods.
The production possibilities curve or model shows the inverse relationship between the two goods and the services as producing different types of products or services will complete for the limited resources available.
An economy has a very limited economic resource and therefore it can produce more number of one good by making only less of some another good.
Explain what a cash budget is and why it is important for all businesses.
Answer:
A cash budget is very important, especially for smaller companies. It allows a company to establish the amount of credit that it can extend to customers without having problems with liquidity. A cash budget helps avoid a shortage of cash during periods in which a company encounters a high number of expenses.
Explanation:
New York City is the most-visited city in the world.
A. True
B. False
Answer:
A. True
Explanation:
New York is the most popular city in the US and home to the world-famous statue of liberty. New York city has attractive tourist destination sites and offers wonderful shopping experiences. In 2019, the city welcomed over 13.5 million visitors from outside the US.
New York is the most sought tourist destination. It is also the most visited city in the world.
So far the most-visited city's in the world are, 1st= New York City (66.6million), 2nd= London (30million) and 3rd= Bangkok (22.7million).
If the future value of an ordinary, 7-year annuity is $10.000 and interest rates are 4 percent, what is the future value of the same annuity due?
Answer:
The future value of the same annuity due is $10,400.
Explanation:
Step 1: Calculation of the annuity payment
This can be calculated using the formula for calculating the Future Value (FV) of an Ordinary Annuity as follows:
FV = P * (((1 + r)^n - 1) / r) ................................. (1)
Where,
FV = Future value of the amount after 7 years = $10.000
P = Annuity payment = ?
r = interest rate = 4%, or 0.04
n = number of years = 7
Substituting the values into equation (1) and solve for P, we have:
10,000 = P * (((1 + 0.04)^7 - 1) / 0.04)
10,000 = P * 7.89829448089601
P = 10,000 / 7.89829448089601
P = $1,266.09612039504
Step 2: Calculation of the future value of the same annuity due
This can be calculated using the formula for calculating the Future Value (FV) of an Annuity Due as follows:
FV = P * (((1 + r)^n - 1) / r) * (1 + r) ................................. (2)
Where,
FV = Future value the same annuity due = ?
P = Annuity payment as obtained in Step 1 above = $1,266.09612039504
r = interest rate = 4%, or 0.04
n = number of years = 7
Substituting the values into equation (2), we have:
FV = $1,266.09612039504 * (((1 + 0.04)^7 - 1) / 0.04) * (1 + 0.04)
FV = $1,266.09612039504 * 7.89829448089601 * 1.04
FV = $10,400
Therefore, the future value of the same annuity due is $10,400.
Trying to inspire someone to vote at the next election involves:
a.
strengthening likes
b.
motivating to action
c.
weakening beliefs
d.
changing values
guys please help me out
Answer:
I'd say b. just a guess so if im wrong sorry
Trying to inspire someone to vote in the next election involves motivating to action, hence option B is correct.
What is Voter Apathy?In electioneering processes, it is often common for people not to come out to exercise their franchise, this is called voter apathy.
Voter apathy accounts for the singular reason behind the rigging of the election.
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What are the main issues to be addressed in a business code of ethics required by the Securities and Exchange Commission
Answer:
Conflicts of interest, full and fair disclosures, legal compliance, internal reporting of code violations and accountability.
Explanation:
The main issues to be addressed in a business code of ethics as required by SEC securities and exchange commission are conflicts of interest, full and fair disclosures, legal compliance , internal reporting of code violations and accountability.
With regards to the above, businesses are expected to fully disclose conflict of interest if there is any to SEC. The reason is to monitor the activities of the business whether it has deviated from its original plan. Again, it is expected of business to completely disclose facts as it relates to its dealings with members of the public in a fair manner.
Again, a business as required by SEC must comply legally to the regulations as instituted by relevant governing bodies. A business must also be accountable at all times for its actions or inactions.
what are some fixed costs of a grocery store
Answer:
Rental lease payments, property taxes, interest expenses, insurance, or salaries.
Explanation:
Fixed costs are the expenditures that doesn't change base on sales.
Now suppose instead that housing credits are withdrawn gradually at a rate of $500 for each $1,000 that someone is earning above the wage limit of $28,500 per year. Assuming Layla earns an extra $2,000 per year above her original wage of $29,500 per year, how large will her housing credit be
Answer:
Housing credit will be = $6000
Explanation:
Solution:
As, this question is not complete, it lacks essential data to proceed. But I have found that data on internet and will be solving this question accordingly.
Data given:
Layla's wages per year = $29500
Housing credits = $7500
Layla's new income with Housing credit = $37000
As given in question:
Layla earns an extra $2000 per year above her original wage.
New Layla's income per year = $31500
So, now,
Layla's income without housing credit = $31500
Wage limit allowed = $28500
So, Layla earns $3000 more than wage limit
Hence,
$500 for $1000
$1500 for $3000
So, $3000 will be deducted from the housing credit
So,
Layla's total income = $31500 + ($7500 - $1500)
Layla's Total income = $31500 + $6000
Layla's Total income = $37500
Where,
Housing credit will be = $6000