Irving purchase a car for $5,000 his interest rate is 10% for the year how much will he pay in one year's time
Answers
Answer:
$500
Explanation:
The cost of the car is $5000
the interest is 10% per year
the interest paid in one year time will be
I= p x r x t
p = $5000; r =10% or 0.1 ;and t = 1
I = $5000 x 0.1 x 1
I= $500 x 1
Interest payable in one year is $500
Related Questions
During 2021, Crane Corp. started a construction job with a total contract price of $15000000. The job was completed on December 15, 2022. Additional data are as follows:
2021 2022
Actual costs incurred during the year $6300000 $7350000
Estimated remaining costs 6300000 0
Billed to customer 5400000 11400000
Received from customer 4200000 12000000
Under the completed-contract method, what amount should Crane recognize as gross profit for 2022?
$1350000
$450000
$675000
$2250000
Answers
The amount that Crane should recognize as gross profit for 2022 under the completed-contract method is $675,000. Under the completed-contract method, revenue and expenses are recognized.
The contract is completed. The gross profit is calculated as the difference between the total contract price and the total costs incurred. In this case, the total contract price is $15,000,000, and the total costs incurred by the end of 2022 are $6,300,000 (actual costs incurred in 2021) + $7,350,000 (actual costs incurred in 2022) = $13,650,000. To calculate the gross profit for 2022, we subtract the costs incurred in 2022 from the total contract price: $15,000,000 - $13,650,000 = $1,350,000 Therefore, the amount that Crane should recognize as gross profit for 2022 is $675,000 ($1,350,000/2), as it represents 50% of the gross profit for the completed contract. It's important to note that under the completed-contract method, revenue and expenses are not recognized until the contract is completed and the gross profit is only recognized in the year of completion.
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Jocelyn gets a text alert from the bank that her account has dropped below $100 after a series of $20 ATM withdrawals. She has not used her ATM in over a week and wonders what she should do. What would you recommend?
Answers
Answer:
Look at her account to confirm the ATM withdrawals were her. If she did not make the withdrawals, she should immediately contact her bank by the most trusted way possible. Calling or going to the local branch during business hours may be best.
Explanation:
If the transactions were not made by Jocelyn and she does not have any other owners on the account it is possible that she is the victim or hackers or bank fraud. Contacting her bank notifies them that the transactions are not authorized and she will not be held accountable after the bank conducts an investigation into the transactions. The bank will then redeposit the lost funds back into her account.
An unsecured loan...
typically has lower interest rates than a secured loan
is less difficult to qualify for than a secured loan
is connected to collateral, which can be taken by the lender if the loan is not paid
is not connected to collateral and, therefore, a higher risk for lenders
Answers
Answer:
is not connected to collateral and, therefore, a higher risk for lenders
Explanation:
Unsecured loans are the loans issued without any securities attached to them. The lender relies on the borrower's creditworthiness as the basis for granting the loan. Unsecured loans are mostly available to salaried workers whose pay is processed by the lending institutions.
Unsecured loans pose a higher risk to the lender because they are not backed by any collateral. For this reason, they attract a higher interest rate than secured loans.
Answer:
D
Explanation:
took the test
Tickets to a fundraiser are $14 if purchased ahead of time and $25 if purchased at the door. The total amount raised from all ticket sales was $625. If eleven tickets were purchased at the door, how many tickets were purchased ahead of time?.
Answers
($14)(25)=$350
($25)(11)=$275
$350+$275= $625
In what way is the securities and exchange commission concerned about and supportive of accounting principles and standards?
Answers
The SEC is concerned about and supportive of accounting principles and standards through regulation, enforcement, reviewing financial statements, taking enforcement actions, and protecting investors. Their efforts contribute to maintaining transparency, reliability, and integrity in financial reporting.
The Securities and Exchange Commission (SEC) plays a crucial role in overseeing the financial markets in the United States. One of their main concerns is ensuring that companies adhere to accurate and transparent accounting principles and standards. Here's how the SEC is concerned about and supportive of accounting principles and standards:
1. Regulation and Enforcement: The SEC has the authority to establish and enforce accounting regulations for publicly traded companies. They work closely with the Financial Accounting Standards Board (FASB) to develop and update accounting standards that promote consistency and reliability in financial reporting.
2. Disclosure Requirements: The SEC requires companies to disclose financial information to investors and the public. By setting specific reporting requirements, such as the use of generally accepted accounting principles (GAAP), the SEC ensures that companies provide accurate and reliable financial statements.
3. Reviewing Financial Statements: The SEC reviews the financial statements of publicly traded companies to detect any material misstatements or omissions. This review process helps identify potential accounting irregularities, fraud, or non-compliance with accounting principles.
4. Enforcement Actions: When the SEC identifies violations of accounting principles or fraudulent activities, they take enforcement actions against the responsible parties. These actions may include fines, penalties, and legal proceedings to hold individuals or companies accountable for their actions.
5. Investor Protection: The SEC's focus on accounting principles and standards ultimately aims to protect investors and maintain confidence in the financial markets. By ensuring accurate financial reporting, investors can make informed decisions about investing in companies.
In conclusion, the SEC is concerned about and supportive of accounting principles and standards through regulation, enforcement, reviewing financial statements, taking enforcement actions, and protecting investors. Their efforts contribute to maintaining transparency, reliability, and integrity in financial reporting.
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the maximum interest rate that could be paid on a debt before the leverage becomes unfavorable is referred to as the:
Answers
The maximum interest rate that could be paid on a debt before the leverage becomes unfavorable is commonly referred to as the "break-even interest rate." This rate represents the point at which the cost of the debt becomes too high for the borrower to handle, and the leverage becomes unfavorable.
Leverage refers to the use of borrowed funds to finance an investment or business venture. It is a common practice used by individuals and companies to increase their potential returns. However, leverage comes with risk, as the cost of borrowing can quickly escalate if interest rates rise or if the borrower is unable to meet their debt obligations.
The break-even interest rate is a crucial metric for borrowers to consider when deciding on the amount of debt to take on. It helps to determine the threshold at which the cost of borrowing becomes too high and can negatively impact the borrower's financial position. By understanding this rate, borrowers can make informed decisions about the amount of leverage they can safely take on without risking financial instability.
In summary, the break-even interest rate is an essential consideration for borrowers when evaluating their borrowing options. It represents the maximum interest rate that can be paid on debt before the leverage becomes unfavorable and helps borrowers to make informed decisions about their borrowing capacity.
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The most universal survey research problem in foreign countries is the _____ barrier. A. technologic al. B. lega l. C. cultur al. D. literac y.
Answers
The most universal survey researcher problem in foreign countries is the "cultural" barrier.When conducting survey research in foreign countries.
For example, certain questions may be considered too personal or offensive in some cultures, while others may have different understandings of key terms or concepts. Moreover, the way respondents answer questions may vary depending on their cultural background, leading to differences in interpretation and response.To address these challenges, researchers must be aware of cultural differences and adapt their survey instruments and methodologies accordingly. This may involve using local researchers or translators, pre-testing survey instruments, and conducting research in partnership with local organizations or stakeholders to ensure cultural sensitivity and relevance.
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Interest compounded semiannually is compounded four times a year. True False
Answers
Answer:
true.
Explanation:
Interest compounded semiannual is compounded four tme a year
False. Semiannually is twice a year.
As a future entrepreneur, Brooke considered a variety of financing sources. Her discussions with a venture capitalist revealed that this type of investor expects to receive a large ownership interest in her firm.
Answers
Answer:
Equity Capital
Explanation:
Equity Capital provides the largest source of finance for most businesses. However the downside of this source of finance is that investors require an ownership in the firm being invested. Therefore, Brooke is dealing with Equity Capital.
Over five quarters, revenue generated by Alpha Enterprises was: 10, 14, 12, 16, 20. Using the exponential smoothing technique, calculate smoothed values for the 2nd, 3rd, 4th, and 5th quarters given that
a = 0.5: a. 12, 13, 14, 18
b. 12, 12, 14, 17
c. 12, 14, 16, 18
d. 12, 14, 16, 20
Answers
To calculate the smoothed values using exponential smoothing, we start with the first observed value and then apply the smoothing formula:
k
Smoothed Value = α * Current Value + (1 - α) * Previous Smoothed Value
Given the following revenue values: 10, 14, 12, 16, 20 and α = 0.5, we can calculate the smoothed values for the 2nd, 3rd, 4th, and 5th quarters as follows:
1st Quarter: Smoothed Value = 10 (Since it's the first observed value)
2nd Quarter: Smoothed Value = 0.5 * 14 + 0.5 * 10 = 12
3rd Quarter: Smoothed Value = 0.5 * 12 + 0.5 * 12 = 12
4th Quarter: Smoothed Value = 0.5 * 16 + 0.5 * 12 = 14
5th Quarter: Smoothed Value = 0.5 * 20 + 0.5 * 14 = 17
The smoothed values for the 2nd, 3rd, 4th, and 5th quarters are: 12, 12, 14, 17.
The correct answer is option b: 12, 12, 14, 17.
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nicole is the development director in the new product department and was recently assigned to development director in the marketing communications area. this is a lateral move that doesn't change her level of responsibility. this is an example of a . multiple choice question.
Answers
Nicole's lateral move from being the development director in the new product department to the development director in the marketing communications area is an example of a horizontal or lateral move.
A lateral move refers to a transfer or change in position within an organization that does not involve a promotion or demotion in terms of level of responsibility. In this case, Nicole is moving to a different department but is still maintaining the same level of responsibility as a development director. This means that her job title and duties are changing, but she is not moving up or down the organizational hierarchy.
It is important to note that a lateral move can provide various benefits, such as gaining new skills, expanding knowledge in different areas of the organization, and building a broader professional network. It can also offer opportunities for personal growth and career development. In summary, Nicole's move from the new product department to the marketing communications area as a development director is a lateral move that does not change her level of responsibility.
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Once you graduate from a college or university, you have to pay a fee to take advantage of their career services. False True
Answers
Answer:
False
Explanation:
After graduating from a college or university you belong to their Alumni therefore, their career services or commonly known as placement or career center always support you through the journey until you land your job for no fee.
Arrange the following revenues in the federal government, from greatest to
least.
Drag each item to put them in the correct order.
(2 points)
= excise taxes
= Social Security and Medicare taxes
= corporate income taxes
= individual income taxes
= customs duties
= miscellaneous revenue
Answers
Social Security and Medicare taxes
Corporate income taxes
Excise taxes
Custom duties
miscellaneous revenue
You are a marketing consultant to a firm that would like to target members of Generation X. Your advice is for it to: emphasize freedom from work and commitment develop a personal service that will appeal to these time-poor consumers avoid topics dealing with materialistic possessions clearly state to the audience that Generation X is the intended target of all marketing communications emphasize the baby boom culture
Answers
To effectively target Generation X, it is crucial to understand and cater to their preferences. Emphasize freedom, provide personal services, avoid excessive materialism, clearly state the target audience, and focus on Generation X's unique characteristics rather than assuming a strong connection to the baby boomer culture.
As a marketing consultant, my advice for targeting Generation X would be to emphasize freedom from work and commitment, develop a personal service that appeals to time-poor consumers, avoid focusing solely on materialistic possessions, and clearly state in marketing communications that Generation X is the intended target audience.
However, I would not recommend emphasizing the baby boom culture as a primary strategy. Here's why:
Emphasize freedom from work and commitment: Generation X values work-life balance and independence. Highlighting products or services that provide convenience, flexibility, and the ability to maintain personal and professional commitments would resonate well with this generation.
Develop a personal service for time-poor consumers: Generation X is often juggling multiple responsibilities, including work, family, and personal pursuits. Offering personalized services that save time and cater to their specific needs can be highly appealing.
Examples could include concierge services, online platforms that simplify tasks, or subscription services tailored to their preferences.
Avoid focusing solely on materialistic possessions: While material possessions may have some appeal, Generation X tends to value experiences and meaningful connections. Highlight the experiential benefits of products or services, such as creating memories, fostering relationships, or enabling personal growth.
Clearly state the target audience: It is important to communicate explicitly that the marketing efforts are targeted towards Generation X. This helps build a sense of identification and resonates with their unique preferences and values. Tailor the messaging, visuals, and channels to align with Generation X's communication preferences.
Avoid emphasizing the baby boom culture: While Generation X shares some cultural references and experiences with the baby boomer generation, they have their own distinct characteristics.
It is more effective to focus on Generation X's specific values, needs, and aspirations rather than assuming they primarily identify with the baby boom culture.
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Which scenario best shows a consumer protecting themselves from counterfeit product scams?
O When making online purchases, Luna only buys directly from brand producers and uses an online payment system
to pay for purchases.
O When making online purchases, Curtis comparison shops and always uses the site that offers the lowest prices for
the goods he wants to buy.
O Raven lives in a big city where people often sell goods on the street. When she sees a product she likes, she pays
cash for the purchase.
O Ali never purchases anything online and always pays cash when he buys something in a store or from a street
vendor.
Answers
Answer:
In this statement
Luna's statement is best scenario of consumer protecting themselves from counterfeit product scams.
As she buys only from brand producers that are authentic and pays online.
Explanation:
Which of the following is not a source of disability income? Multiple Choice Worker's compensation Group union disability benefits Your employer Group union disability benefits Your employer Social Security Unemployment compensation
Answers
The option that is not a source of disability income is:Social Security Unemployment compensation.
Unemployment compensation is not a source of disability income. Unemployment compensation is a form of financial assistance provided to individuals who have lost their jobs and are actively seeking new employment. It is designed to provide temporary income support during periods of unemployment, rather than for individuals who are unable to work due to disability.
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Which is an example of a mandatory deduction on a pay stub?
Answers
Answer:
Some mandatory payroll tax deductions that employers are required by law to withhold from an employee's paycheck include: Federal income tax withholding. Social Security & Medicare taxes – also known as FICA taxes.
~Its srishty~✿
A successfully implemented best-cost provider strategy allows a
firm to increase its price above that of the broad differentiator
in the industry.
True or False
Answers
A successfully implemented best-cost provider strategy allows a firm to increase its price above that of the broad differentiator in the industry. This statement is true.In the industry, a firm that successfully implements a best-cost provider strategy can increase its prices over those of the broad differentiator.
A best-cost provider strategy is a competitive strategy in which a business aims to achieve the lowest production and distribution expenses while yet providing goods of acceptable quality and sufficient features to satisfy the vast majority of customers. As a result, the firm can price its goods slightly above the cost leader, thus attracting clients who are willing to pay a little more for a superior product.
The objective of the best-cost provider strategy is to keep costs low while still providing customers with more advantages than the low-cost leader.
It is also beneficial to create a strategy that is unique from that of its competitors. For instance, a company could achieve a competitive advantage by offering additional services, such as free delivery or installation, that are not available from other competitors in the industry. The goal is to provide the customer with the most value while keeping costs low in order to keep prices competitive.
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Study the entries in lupe’s records in the closereader. for which entry was the amount recorded in the wrong column? the purchase at gio’s pizza the 11/15 paycheck the 11/30 paycheck the purchase at lola’s books
Answers
After reviewing Lupe's records in the CloseReader, it appears that the amount recorded in the wrong column was for the purchase at Lola's books.
The entry for the purchase at Lola's books shows the amount of $38.50 recorded under the "income" column instead of the "expenses" column. This mistake likely occurred because Lupe may have accidentally switched the two columns when recording the transaction. It's important to double-check entries when recording financial transactions to ensure accuracy and avoid errors.
In this case, correcting the mistake will require adjusting the entry to move the $38.50 from the income column to the expenses column. This will help ensure that Lupe's records accurately reflect her financial situation and make it easier to track her spending and income.
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Which of the following is true of an unsecured loan?
A. They are exclusively for cars, houses, and other large purchases
B. Collateral could be collected by the lender if the debt is not paid
C. They never have any interest added onto them
D. Items of value that the borrowers owns are not at risk of repossession
Answers
Answer:
B
Explanation:
The statement "The value of an item where the borrowers owned but they are not at the repossession risk" is to be true.
The unsecured loan is the type of loan in which there is no need for any type of collateral property.
The lender does not takes the assets of the borrower as the security but it gives the approval of an unsecured loan depends upon the creditworthiness of the borrower.
Examples are:
Personal loans.Students loans.Credit cards.The following information related to unsecured loans is
It does not for cars, houses, or any other large purchasesIn this, the collateral does not involve.It contains high interest.Therefore we can conclude that, option d is correct.
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In the Management in Action case, if Congress forces Amtrak to become a nonprofit, the organization will have to go back to which step in planning process
Answers
In the Management in Action case, if Congress forces Amtrak to become a nonprofit, the organization will revisit the mission statement
of planning process.
What is mission statement?Mission statement statement serves as a crucial part of the planning process where the goal and objective are been defined.
Therefore, the organization needs to go back to the mission statement.
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It’s in the picture pleaseee I need this today
Answers
Answer:
Can you please post a clearer picture
Explanation:
If you can I might be able to help.
dr. qiang, a professor at a local university, has been working with union leaders and management at fairlawn corporation to help the two sides resolve differences over desired wage levels for a new contract. first, he met with each side privately to determine any common ground for agreement. for the past week, he has worked with representatives from each side to promote communication and compromise at the bargaining table. dr. qiang is a(n)
Answers
Dr. Qiang is a mediator
A mediator is a neutral third party who helps two or more conflicting parties resolve their differences through facilitated communication and negotiation. In the scenario you described, Dr. Qiang is acting as a mediator by meeting with both the union leaders and the management of Fairlawn Corporation separately to understand their perspectives and identify common ground for agreement.
Then, he is working with representatives from both sides to promote communication and compromise at the bargaining table. By doing so, he is helping both sides reach a mutually agreeable resolution to their conflict.
Mediators often have specialized training and expertise in conflict resolution, communication, and negotiation techniques, and they are skilled at helping parties find creative solutions to complex problems.
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What are the Aggregation functions used for in DAX?
A. Take data from a column or table and aggregate the data based upon function.
B. Add dimensions to a data model.
C. Add a formula to a PivotTable.
D. Allows you to use the GETPIVOTDATA function in Excel.
Answers
The list of Aggregation functions used in DAX are:
A. Take data from a column or table and aggregate the data based upon function.B. Add dimensions to a data model.D. Allows you to use the GETPIVOTDATA function in Excel.What are Aggregation DAX Functions In Power BI?An aggregate function computes on a set of values and returns a single value. Except for COUNT(*), aggregate functions do not take into account null values. Aggregate functions are frequently used in conjunction with the SELECT statement's GROUP BY clause. Every aggregate function is deterministic.
The 'Aggregation Functions' category of Power BI DAX functions is extremely important and useful. These functions are used to generate aggregations such as SUM, AVERAGE, MIN, and MAX, among others. These aggregation functions are very similar to those found in Microsoft Excel.
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You purchased 100 shares of stock value at $55 per share. The stock value increases to $85 per share what was the rate of increase?
Answers
Answer:
54.55%
Explanation:
The purchasing price is $55
Price has increased to $85.
The monetary increase = $85 - $55 = $30
As a percentage , the increase will be
=$30/$55 x 100
=0.545454 x 100
=54.5454%
=54.55%
what is a common first step when drafting an ethics code for a business?
Answers
A common first step when drafting an ethics code for a business is conducting a thorough assessment of the organization's values, mission, and ethical principles. This step involves gathering input from key stakeholders, such as employees, managers, executives, and even external parties like customers or industry experts.
The purpose of this assessment is to identify the core values and ethical principles that the organization wants to uphold and integrate into its code of ethics. It helps establish a foundation for ethical decision-making and behavior within the company.
During this step, businesses typically engage in activities such as:
Conducting interviews or surveys: Gathering feedback from employees and stakeholders about their expectations, concerns, and values related to ethics in the workplace.
Reviewing existing policies and guidelines: Evaluating the effectiveness of current policies and guidelines that relate to ethical conduct and determining if any updates or improvements are necessary.
Examining industry standards and legal requirements: Researching and understanding the ethical standards and legal obligations specific to the industry in which the business operates.
Engaging in ethical discussions: Facilitating discussions and workshops to explore ethical dilemmas, values conflicts, and potential scenarios that may arise in the business context.
By conducting this initial assessment, the business can gain a comprehensive understanding of its ethical landscape, enabling the development of a tailored and effective code of ethics that reflects its unique values and principles.
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what are different types of schools one can consider, when looking into schools that may have programs that match their interests?
Answers
Answer:
trade school, community college, university
Explanation:
Answer:1. Colleges and Universities
2. Community Colleges
3. Carrier schools
4. International schools
Explanation: hope this helps :D
What safety device should be worn when there is danger of fragments being thrown?
Answers
Answer:
gloves i think
Explanation:
hich pricing strategy involves setting a high price for an exclusive, high-end product?
Answers
What would happen to a firm's demand in a monopolistically competitive market if there was an increase in the number of consumers?
Answers
If there was an increase in the number of consumers in a monopolistically competitive market, a firm's demand would likely increase.
In a monopolistically competitive market, firms sell products that are differentiated from those of their competitors, and consumers have a certain degree of brand loyalty or preference for a particular product. As the number of consumers in the market increases, more people become aware of the firm's product, and the demand for that product may increase.
Monopolistically competitive markets are characterized by a large number of firms that sell differentiated products. Each firm has some degree of market power, but there are low barriers to entry, which means that new firms can enter the market relatively easily. In this type of market, firms are price makers, meaning that they have some control over the price of their product, but they must also take into account the prices of their competitors.
If the number of consumers in the market increases, this can lead to an increase in demand for a firm's product. This is because there are more potential customers who may be interested in purchasing the product. As a result, the firm may be able to increase its price and still maintain its market share, leading to higher profits.
However, it is important to note that this effect may be limited if other firms also increase their output in response to the increase in demand. In this case, the increased competition may lead to lower prices and profits for all firms in the market.
In summary, an increase in the number of consumers in a monopolistically competitive market may lead to an increase in a firm's demand, but the extent of this effect depends on various factors, such as the degree of product differentiation and the response of other firms in the market.
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