The best way to display data if you have more than 10 results is usually a bar graph (a).
A bar graph is a chart that uses horizontal or vertical bars to show comparisons among categories. It is a useful tool for visualizing data and comparing values across different categories.
For example, if you have data on the number of people who prefer different types of music, you could use a bar graph to show the relative popularity of each type of music. The bars in the graph would represent the number of people who prefer each type of music, and the height of the bars would correspond to the number of people.
Bar graphs are effective for displaying data when you have more than 10 results because they allow you to easily compare the values of different categories at a glance. They are also easy to read and understand, making them a popular choice for presenting data.
Option b, pie chart, is not usually the best way to display data if you have more than 10 results because pie charts can become cluttered and difficult to read when there are too many slices.
Option c, line graph, is not usually the best choice for displaying data with more than 10 results because line graphs are better suited for showing trends over time rather than comparing values across different categories.
Hope This Helps You!
With a 9-month maturity bucket, a 3-month loan would be considered a _____ asset and a 30-year mortgage with a rate adjustment in 6 months would be classified as a _____ asset. Rate-sensitive asset; fixed-rate asset Rate-sensitive asset; rate-sensitive asset Fixed-rate asset; fixed-rate asset Fixed-rate asset; rate-sensitive asset
Answer:
Fixed-rate asset; rate-sensitive asset
Explanation:
in the case when there is a 9 month maturity bucket so here the 3 month loan should be considered as the fixed rate asset as there is no change in the rate for the first asset while on the other hand there is a rate adjustment in 6 month so this is to be considered as the rate senstitive asset
Therefore the last option is correct
After-Tax Profit Targets Olivian Company wants to earn $420,000 in net (after-tax) income next year. Its product is priced at $275 per unit. Product costs include: Direct materials $90 Direct labor $65 Variable overhead $16 Total fixed factory overhead $440,000 Variable selling expense is $14 per unit; fixed selling and administrative expense totals $290,000. Olivian has a tax rate of 40 percent. Required:
1. Calculate the before-tax profit needed to achieve an after-tax target of $420,000.
2. Calculate the number of units that will yield operating income calculated in Requirement 1 above. (Round to the nearest unit.)
3. Prepare an income statement for Olivian Company for the coming year based on the number of units computed in Requirement 2.
4. What if Olivian had a 35 percent tax rate? Would the units sold to reach a $420,000 target net income be higher or lower than the units calculated in Requirement 3? Calculate the number of units needed at the new tax rate. (Round dollar amounts to the nearest dollar and unit amounts to the nearest unit.)
Answer:
1. Before-tax profit = $700,000
2. Number of units that will yield the operating income = 15,889
3. Operating income = $700,010
4-a. The units sold to reach a $420,000 target net income would be lower than the units calculated in Requirement 2 and used in Requirement 3.
4.b. Number of units needed at the new tax rate = 15,291
Explanation:
1. Calculate the before-tax profit needed to achieve an after-tax target of $420,000.
The before-tax profit can be calculated as follows:
After-tax target profit = Before-tax profit * (100% - Tax rate) ……………….. (1)
Substituting the relevant values into equation (1) and solve for Before-tax profit, we have:
$420,000 = Before-tax profit * (100% - 40%)
$420,000 = Before-tax profit * 60%
Before-tax profit = $420,000 / 60%
Before-tax profit = $700,000
2. Calculate the number of units that will yield operating income calculated in Requirement 1 above. (Round to the nearest unit.)
The number of units can calculated as follows:
Contribution margin = Selling price per unit - Direct materials per unit - Direct labor per unit - Variable overhead per unit - Variable selling expense per unit = $300 - $90 - $65 - $16 - $14 = $90
Before-tax profit = (Contribution margin * Number of units that will yield the operating income) - Total fixed factory overhead - Fixed selling and administrative expense ………………. (2)
Substituting the relevant values into equation (2) and solve for Number of units that will yield the operating income, we have:
$700,000 = ($90 * Number of units that will yield the operating income) - $440,000 - $290,000
$700,000 + $440,000 + $290,000 = $90 * Number of units that will yield the operating income
$1,430,000 = $90 * Number of units that will yield the operating income
Number of units that will yield the operating income = $1,430,000 / $90 = 15,889
3. Prepare an income statement for Olivian Company for the coming year based on the number of units computed in Requirement 2.
Olivian Company
Income statement
For the coming year
Details $ $
Sales revenue ($275 * 15,889) 4,369,475
Direct materials ($90 * 15,889) (1,430,010)
Direct labor cost per unit ($65 * 15,889) (1,032,785)
Variable overhead ($16 * 15,889) (254,224)
Total fixed factory overhead (440,000)
Cost of goods sold (3,157,019)
Gross profit 1,212,456
Selling and administrative expense:
Variable selling expense (14 * 15889) (222,446)
Fixed selling and administrative expense (290,000)
Total selling and administrative expense (512,446)
Operating income 700,010
4. What if Olivian had a 35 percent tax rate? Would the units sold to reach a $420,000 target net income be higher or lower than the units calculated in Requirement 3? Calculate the number of units needed at the new tax rate. (Round dollar amounts to the nearest dollar and unit amounts to the nearest unit.)
Before-tax profit = After-tax target profit / (100% - Tax rate) = $420,000 / (100% - 35%) = $646,154
Substituting the relevant values into equation (2) and solve for Number of units that will yield the operating income, we have:
$646,154 = ($90 * Number of units that will yield the operating income) - $440,000 - $290,000
$646,154 + $440,000 + $290,000 = $90 * Number of units that will yield the operating income
$1,376,154 = $90 * Number of units that will yield the operating income
Number of units that will yield the operating income = $1,376,154 / $90 = 15,291
4-a. The units sold to reach a $420,000 target net income would be lower than the units calculated in Requirement 2 and used in Requirement 3.
4.b. Number of units needed at the new tax rate = 15,291
1. NAFTA is a trade agreement that was negotiated by the leaders of three countries. Which of the following countries was not part of this agreement?
O the United States
O Canada
O Cuba
O Mexico
Cuba countries was not part of this agreement.
What is NAFTA?NAFTA stands for the North American Free Trade Agreement. It was signed in 1994 by the United States, Canada, and Mexico and went into effect on January 1, 1994. NAFTA removed most of the tariffs and other trade barriers between the three countries, allowing for the free flow of goods between all three countries. NAFTA also established trade rules and investment protections, which allowed for increased foreign investment in each of the three countries. NAFTA has been seen as a major success in terms of trade between North American countries, and has been credited with helping to boost the economies of the three countries involved.
NAFTA was negotiated by the leaders of the United States, Canada, and Mexico. China was not part of the agreement.
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Umber Mattresses has had issues with inventory in the past. Missed shipping and unexpected price hikes have caused production issues that have impacted its bottom line. Its leadership team has asked the production manager to prepare a recommendation for fixing the inventory issue. Which of the following would be her best response?
A. prepare a materials requirement planning review
B. move to a flexible manufacturing system
C. install a computer-aided manufacturing system
D. enlist a small group of trusted suppliers
E. switch to a multiple supplier approach
Answer: E. switch to a multiple supplier approach
Explanation:
Since the company has had issues with inventory in the past, then the recommendation of the production manager should be that the company should switch to a multiple supplier approach.
By switching to multiple supplier, the company can compare prices and also have alternative suppliers to call in case there's a challenge with a particular supplier.
Microsoft develops, produces, and markets a wide range of computer software, including the Windows operating system. On its recent financial statements, Microsoft reported the following information about net sales revenue and accounts receivable (amounts in millions).
Current Year Prior Year
Accounts receivable, net of
allowances of $333 and $375 $14,987 $13,014
Net revenues 69,943 62,484
According to its Form 10-K, Microsoft recorded bad debt expense of $14 and did not reinstate any previously written-off accounts during the current year.
Required:
1. What amount of bad debts was written off during the current year?
2. Assuming that all of Microsoft's sales during the period were on open account, compute the amount of cash collected from customers for year 2.
Answer:
Allowance for Doubtful Account
Accounts written off $56 Beginning balance $375
[$375+$14-$333]
Bad debt expense $14
Ending balance $333
Accounts Receivable (Gross)
Beginning balance $13,389 Accounts written off $56
[$13014+$375]
Net sales revenue $69,943 Cash collected $67,956
[$13389+$69943-$56-$15320]
Ending balance $15,320
[$14987+$333]
On January 1 of this year, Conrad Nelson contributed $15,000 cash in exchange for 50 shares of stock in Sterling Inc., an S corporation. Sterling employs Conrad as its director of marketing. Conrad's current year salary was $70,000 and his pro rata share of Sterling's ordinary business income was $16,800. During the year, Conrad received a $9,000 cash distribution with respect to his Sterling stock. Compute Conrad's basis in his Sterling stock at year end. Multiple Choice $15,000 $22,800 $31,800 $92,800
Answer:
b. $22,800
Explanation:
Particulars Amount
Contribution $15,000
Ordinary business income share $16,800
Cash Distribution $(9,000)
Conrad’s basis in his Sterling stock on January 1, 2013 $22,800
Conrad's basis in his Sterling stock at year end is $22,800.
Using this formula
Conrad’s basis in his Sterling stock =Contribution + Conrad’s basis in his Sterling stock - Cash distribution
Let plug in the formula
Conrad’s basis in his Sterling stock =$15,000+$16,800-$9,000
Conrad’s basis in his Sterling stock = $22,800
Inconclusion Conrad's basis in his Sterling stock at year end is $22,800.
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How can you relate the careers in Finance as Bachelor of Science in Information Systems (BSIS) students?
A person has the right to be secure in his or her person or property from unreasonable searches and seizures.
True Or False
Answer:
true
Explanation:
Answer:
TRUE
Explanation:
i got it right
Seventy percent of Parlee Corporation's sales are collected in the month of sale, 25% in the month following sale, and 5% in the second month following sale. The following are budgeted sales data for the company: January February March April Total sales $600,000 $700,000 $500,000 $300,000 Total budgeted cash collections in April would be: Group of answer choices $35,000 $125,000 $210,000 $370,000
Answer: $370,000
Explanation:
Based on the information given in the question, the total budgeted cash collections in April would be calculated as the addition of the sales value from February to April and this will be:
February sale = 5% × $700,000 = $35,000
Add: March sale = 25% × $500,000 = $125,000
Add: April Sale = 70% × $300000 = $210000
Total Collection = $370000
Which of the following statements is true of the international business strategy of licensing?
It allows a firm to enter a foreign market with relatively little risk. The following statements are true of the international business strategy of licensing.
What is business?An innovative company or group that engages in professional activities is referred to as a business. They could be industrial, commercial, or something else. Businesses that are for-profit operate to make a profit, whereas those that are nonprofit do so to further a philanthropic cause.
An international business of licensing refers that the agreement. That has involved the two firms from different countries, The rights or resources are manufactured in foreign countries. The resources and rights may include patents.
Therefore, The statement is absolutely true. About The international business strategy of licensing.
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Which project management tool considers the longest time the completion of a sequence of activities might take?
To manage project activities, operations managers can calculate the ____ , which is a sequence of activities, the completion of which takes the longest time.
Which project management tool considers the longest time the completion of a sequence of activities might take?
To manage project activities, operations managers can calculate the ____ , which is a sequence of activities, the completion of which takes the longest time.
The project management tool that considers the longest time the completion of a sequence of activities might take is called the critical path. The critical path is a sequence of activities, the completion of which takes the longest time, and it determines the minimum amount of time required to complete a project. It is used to identify the most critical activities in a project and to ensure that they are completed on time in order to meet project deadlines. The critical path is determined by analyzing the dependencies between activities and the time required to complete each activity. By focusing on the critical path, project managers can ensure that the most important activities are prioritized and that the project stays on schedule.
an acrostic poem describing the word peculiar
When read vertically, an acrostic poem contains letters from each line that combine to spell out a word, name, or phrase. The word is usually spelled out by the first letter of each line, but it can be placed anywhere on the line.
What is an acrostic poem rhyme?Each line of an acrostic poem begins with a capital letter that vertically spells out the poem's theme. Acrostic poems do not have to rhyme, but other poetic devices such as alliteration, similes, and rhythm are frequently used to create an effect on the reader.
Thus, Each line begins with a capital letter that vertically spells out the poem's theme. Acrostic poems, like any other poem, do not have to rhyme, but they can use other poetic devices such as alliteration, similes, and rhythm.
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Suppose your college or organization is considering a new project to develop an information system that would allow all employees, students, and customers to access and maintain their own human resources information, such as address, marital status, and tax information. The main benefits of the system would be a reduction in human resources personnel and more accurate information. For example, if an employee, student, or customer had a new telephone number or email address, he or she would be responsible for entering the data in the new system. The new system would also allow employees to change their tax withholdings or pension plan contributions. Identify five potential risks for this new project and be sure to list some negative and positive risks.
Required:
Provide a detailed description of each risk and propose strategies for addressing each risk.
Answer:
The description of the given question is explained below in the explanation portion.
Explanation:
Risk 1: New customer
Our advantage comes from developing strong client relationships, that also typically lead to other initiatives with this client.Risk 2: Poor cost estimate
It's always research linked towards the building of educational business process, therefore a complicated project consisting of several components including students, instructional personnel, and clients.Risk 3: Difficult to maintain
Throughout the long term, disproportionately numerous people will be able to use that same technology in some of these circumstances.what issues should be covered in the negotiations between your organization and the outsourcing organization. You can list the issue, and then follow up with a couple of sentences to explain. Some groups think of this as what goes into the contract, although there are issues to consider that might not be in the contract. Cultural differences between the two organizations would be an example of an issue that is important to consider, but may not be put in the contract.
The correct answer to this open question is the following.
Although there are no options attached we can say the following.
The issues that should be covered in the negotiations between your organization and the outsourcing organization are the following.
As it is written in the question, the corporate culture of the outsourcing company is one of the issues to be discussed because it is important that the outsource company understand your values, mission, and mission, so the relationship could be professional and amicable.
Then, one important aspect of the negotiation must be the lines of communication to be "on the same page."
Another issue is the services to be provided, the price for each service and the way results are going to be measured.
As important as the previous issue, is the quality of the people who are going to be temñporarly hired, so there are no big differences between the quality of work from the employees of your company vs. the employees recommended and hired by the outsourcing company.
The level of expertise at suppliers is a major concern of your company. The outsourcing company has to show ways provable ways that guaranteed the expertise of suppliers.
One final important aspect is the solution of controversies in case there are problems between suppliers and your company, knowing that the outsourcing company is responsible for the hirings and contracts with the outsourced workers.
The Porter Beverage Factory owns a building for its operations. Porter uses only half of the building and is considering two options for the unused space. The Popcorn Store would like to purchase the half of the building that is not being used for $614,000. A 5% commission would have to be paid at the time of purchase. The Porter Beverage would like to lease the half of the building for the next 5 years at $162,100 each year. Porter would have to continue paying $33,600 of property taxes each year and $6,400 of yearly insurance on the property, according to the proposed lease agreement. Determine the differential income or loss from the lease alternative. Enter a loss as a negative number.
Answer:
The Porter Beverage FActory
Differential income from the lease alternative is:
= $27,200.
Explanation:
a) Data and Calculations:
Alternative Alternative
1 Sale 2 Lease
Income:
Sales proceeds $614,000
Lease receipts $810,500
5% commission (30,700)
Property taxes each year (168,000)
Annual insurance (32,000)
Income (loss) $583,300 $610,500
Differential income = $27,200 ($610,500 - $583,300)
b) The above differential income does not take in account the time value of money. In addition, it does not consider future streams of income that can be received when the building is either leased out to another entity or sold.
I want to create a projject to get funds for education for all people who can not afford them
Create and distribute your fundraising effort. Organize offline fundraising activities. Ask nearby companies to reciprocate donations. Sponsor group activities. Gather contributions for a school fundraiser are some method.
What is fundraising?Fundraising, often known as fund-raising, is the process of soliciting and accumulating voluntarily contributed funds from people, businesses, nonprofit organizations, or state agencies.
The ideas that are used for fundraising can be:
Make clever online donation forms.Launch a dough fundraising campaign.Hold a shoe sale to raise money.Make a fundraising event using pledges.Organize a scratch-off ticket school fundraiser.Start a peer-to-peer crowdfunding campaign.Offer school supplies for sale to raise money.Encourage the community to make matching gifts.Learn more about fundraising , Here:
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The question is incomplete, the complete question will be :
I want to create a project to get funds for education for all people who can not afford them. What can be the ideas that are used for fundraising
will give brainliest! 30 pts
River bought a new washing machine that came with a warranty. How will this warranty be MOST helpful for River?
A.
It will take a percentage off the next purchase.
B.
It will be used to get a tax deduction on yearly taxes.
C.
It will allow free repairs to the machine if needed.
D.
It will guarantee a large tax refund next year.
Answer:
The answer is C and I am sure about that, so choose C
Which provides the best example of a company policy which addresses attendance and time off?
A company requires all employees to file vacation day requests first with the human resources department and then with their supervisors.
A company uses a system for promotions that evaluates candidates based on achievements and without knowledge of the candidate's gender or race.
A company requires all employees to file vacation day requests first with the human resources department and then with their supervisors.
A company requires all incoming job candidates to complete a screening for illegal and certain legal substances before hiring.
All employees must submit requests for vacation days to the human resources office first, then to their managers. Consequently, the optimal choice is (D).
What is a time and attendance policy?For your business to run smoothly, you must have a time and attendance policy, which is a list of guidelines for your employees on when to report for duty and under what conditions they may be excused.
It promotes a professional workplace. It promotes efficiency. Setting expectations for workers makes it easier for them to comprehend the duties they will be responsible for.
No of the nature of your company, the sector in which you work, or the location of your office, you must have a time and attendance policy for your staff.
Hence, option (D) is accurate.
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Sales Mix and Break-Even Sales Data related to the expected sales of laptops and tablets for Tech Products Inc. for the current year, which is typical of recent years, are as follows: Products Unit Selling Price Unit Variable Cost Sales Mix Laptops $1,200 $600 40% Tablets 700 350 60% The estimated fixed costs for the current year are $4,500,000. Required: 1. Determine the estimated units of sales of the overall (total) product, E, necessary to reach the break-even point for the current year. fill in the blank 1 units 2. Based on the break-even sales (units) in part (1), determine the unit sales of both laptops and tablets for the current year. Laptops fill in the blank 2 units Tablets fill in the blank 3 units 3. Assume that the sales mix was 60% laptops and 40% tablets. Compare the break-even point with that in part (1). Why is it so different
Answer: See explanation
Explanation:
1. The estimated units of sales of the overall (total) product, E, necessary to reach the break-even point for the current year will be calculated thus:
Selling price per unit will be:
= ($1200 × 40%) + ($700 × 60%)
= 480 + 420
= $900
Variable cost per unit will be:
= ($600 × 40%) + ($350 × 60%)
= 240 + 210
= $450
Contribution margin will then be
= selling price per unit-variable cost
= $900 - $450
= $450
Therefore, the breakeven point in sales units of the overall product will be:
= fixed cost /contribution per unit
= $4,500,000 / $450
= 10000 units
2. The unit sales of both laptops and tablets for the current year will be:
Laptop = 10000 × 40% = 4000
Tablet = 10000 × 60% = 6000
3. Assume that the sales mix was 60% laptops and 40% tablet, the break-even will be:
Selling price per unit will be:
= ($1200 × 60%) + ($700 × 40%)
= 720 + 280
= $1000
Variable cost per unit will be:
= ($600 × 60%) + ($350 × 40%)
= 360 + 140
= $500
Contribution margin will then be
= selling price per unit-variable cost
= $1000 - $500
= $500
Therefore, the breakeven point in sales units of the overall product will be:
= fixed cost /contribution per unit
= $4,500,000 / $500
= 9000 units
Under its executive stock option plan, Q Corporation granted options on January 1, 2021, that permit executives to purchase 15 million of the company's $1 par common shares within the next eight years, but not before December 31, 2023 (the vesting date). The exercise price is the market price of the shares on the date of grant, $18 per share. The fair value of the options, estimated by an appropriate option pricing model, is $4 per option. No forfeitures were anticipated; however, unexpected turnover during 2022 caused the forfeiture of 5% of the stock options. Ignoring taxes, what is the effect on earnings in 2023
Answer:
$18 million
Explanation:
Calculation to determine the effect on earnings in 2023
First step is to calculate the Award’s Fair Value
Using this formula
Award’s Fair Value = Purchase Granted Option × Fair Value Per Option
Let plug in the formula
Award’s Fair Value=$15 million × $4
Award’s Fair Value=$60 million
Second step is to calculate the reduction in earning
Using this formula
Reduction in earning = Award’s Fair Value ÷ Vesting years
Let plug in the formula
Reduction in earning= $60 million ÷ 3 years
Reduction in earning= $20 million each year
Now let calculate the Effect on earnings
Effect on earnings= [$60 million*(100%-5%)* 2/3] - $20 million
Effect on earnings= ($60 million*95%*2/3)-$20 million
Effect on earnings=$38 million-$20 million
Effect on earnings=$18 million
Therefore the effect on earnings in 2023 is $18 million
An adequate option pricing model estimates the fair value of the options to be $4 per option. There were no predicted forfeitures; nonetheless, unanticipated turnover during 2022 resulted in the forfeiture of 5% of the stock options. Without accounting for taxes, the effect on earnings in 2023 is $19 million.
Expense charged in 2021 = (15 million * $4) *1/3 = $20 million.
Expense charged in 2022 = [(15 million * $4 * 95%) * 2/3] - $20 million = $18 million.
Expense to be charged in 2023 = [(15 million * $4 * 95%) * 2/3] - $38 million = $19 million
Thus, without accounting for taxes, the effect on earnings in 2023 is $19 million.
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Which of the following would be a type of court case heard at the state level?
A.
any case about traffic violations
B.
legal matters where child custody is a concern
C.
cases that have been appealed in lower courts
D.
all murder cases in Pennsylvania
Answer: C. cases that have been appealed
Explanation: I just did this question
Answer:
a
Explanation: I don't I just got It right I guess
Windsor, Inc. just began business and made the following four inventory purchases in June: June 1 138 units $828 June 10 184 units 1288 June 15 184 units 1472 June 28 138 units 1242 $4830 A physical count of merchandise inventory on June 30 reveals that there are 184 units on hand. Using the LIFO inventory method, the value of the ending inventory on June 30 is $1610. $1105. $1150. $1656.
Answer:
$1,150
Explanation:
Given the above information, the value of the inventory method on June 30, using LIFO method would be calculated as;
= $828 + [ ($1,288 ÷ 184) × (184 - 138) ]
= $828 + (7 × 46)
= $829 + $322
= $1,150
Therefore, the ending inventory on June 30, using LIFO method is $1,150
Assume that the reserve requirement is 10 percent. Also assume that banks do not hold excess reserves and there is no cash held by the public. The Federal Reserve decides that it wants to contract the money supply by $50 million using open-market operations.In order to accomplish its goal, the Fed needs to
Answer:
In order to accomplish its goal, the Fed needs to sell $5 million value of bonds.
Explanation:
First, we need to calculate the value of the bonds
Value of bond = Amount of Money supply x Reserve requirement rate
Where
Amount of Money supply = $50 million
Reserve requirement rate = 10%
Placing values in the formula
Value of bond = $50 million x 10%
Value of bond = $5 million
To increase the money supply the bonds are needed to be sold in the market.
Hence, In order to accomplish its goal, the Fed needs to $5 million value of bonds.
Goodwill generated internally should be:__________
a. capitalized in the year it occurs.
b. represents the purchase price of a business that is about to be sold.
c. is the difference between the fair value of the net tangible and identifiable intangible assets and the purchase price of the acquired business.
d. is the only account in the financial statements that is based on fair value, all other accounts are recorded at an amount other than their fair value.
Answer: c. is the difference between the fair value of the net tangible and identifiable intangible assets and the purchase price of the acquired business.
Explanation:
Question is not formatted correctly as it is asking for the definition of goodwill, not goodwill generated internally.
Goodwill is the difference between the net identifiable total assets of a company and the purchase price of that same company. It is essentially a premium paid on the book value of the company and it is influenced by a number of things such as location, customer base, profit potential and others.
The company that did the buying will then incorporate this goodwill into their own books. This is why companies that have a lot of goodwill on their books have usually been involved in acquisitions.
How do strong information literacy skills impact academic or professional career
Suppose the tax rate on interest income from saving were reduced. a. The income effect, but not the substitution effect, would tend to reduce private saving. b. The substitution effect, but not the income effect, would tend to reduce private saving. c. Both the income and substitution effect would tend to reduce private saving. d. Neither the income nor the substitution effect would tend to reduce private saving.
Answer:
When the tax rate on income from savings is reduced, the following would take place.
c. Both the income and substitution effect would tend to reduce private saving.
Explanation:
How can the member countries of wto appreciate the fta
Communication which occurs via a
phone call would fall under which
category?
A. synchronous
C. horizontal
B. asynchronous
D. vertical
(1 point) This problem is similar to one in your textbook. Suppose that the parents of a child will need $105000 in 9 years for college expenses, and that the bank account earns 9.25% compounded continuously. Round your answers to the nearest cent. You may need to compute your answers to 4 or more decimal places before you round to the nearest cent. a) At what constant, continuous rate must the parents deposit money into the account in order to save the money
Answer:
The parents need to deposit $7,979.78 annually to save $105,000 at the end of 9 years.
Explanation:
a) Data and Calculations:
Amount needed in 9 years time = $105,000
Bank interest rate = 9.25% compounded continuously
Period of deposit = 9 years
From an online financial calculator:
N (# of periods) 9
I/Y (Interest per year) 9.25
PV (Present Value) 0
FV (Future Value) 105000
Results
PMT = $7,979.78
Sum of all periodic payments $71,817.98
Total Interest $33,182.02
Using these data from the comparative balance sheet of Rollaird Company, perform horizontal analysis.
December 31, 2020 December 31, 2019
Accounts receivable $550,200 $420,000
Inventory 855,600 620,000
Total assets 2,909,750 2,575,000
(Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).)
Increase or (Decrease)
December 31, 2020 December 31, 2019 Amount Percentage
Accounts receivable $550,200 $420,000 $ %
Inventory 855,600 620,000 $ %
Total assets 2,909,750 2,575,000 $ %
Answer:
1) Accounts receivable amount = $550,200 - $420,000
Accounts receivable amount = $130,200
% increase = $130,200/$420,000 * 100
% increase = 0.31 * 100
% increase = 31%
2. Inventory amount = $855,600 - $620,000
Inventory amount = $235,600
% increase = $235,600/$620,000 * 100
% increase = 0.38 * 100
% increase = 38%
3. Total asset amount = $2,909,750 - $2,575,000
Total asset amount = $334,750
% increase = $334,750/$2,575,000 * 100
% increase = 0.13 * 100
% increase = 13%