emergencies, vacations, social events, and major purchases are examples of short-term needs. a. true b. false

Answers

Answer 1

The given statement "Emergencies, vacations, social events, and major purchases are examples of short-term needs" is true.

Short-term needs are wants or needs that can be met quickly or in the near future. Emergencies, vacations, social events, and major purchases are examples of short-term needs. A short-term need is one that you will pay for in less than a year.

Long-term wants or requirements, such as a house, a child's education, or a comfortable retirement, may take years to save for and obtain.

Emergencies may include unexpected health expenditures, car repairs, or home repairs that need immediate attention.Vacations may be a brief weekend trip to a nearby city or a week-long vacation abroad, all of which are planned ahead of time. Social events may include a special date, an invitation to a dinner or lunch, or a party invitation. Buying a vehicle or upgrading your electronic gadget are examples of major purchases.

The various types of short-term expenses are emergencies, vacations, social events, and major purchases.

To know more about short-term expenses click here:

https://brainly.com/question/30197449

#SPJ11


Related Questions

the value of the slope of a society's production possibility frontier is called its a. unemployment rate. b. marginal rate of transformation. c. marginal rate of substitution. d. inflation rate.

Answers

The value of the slope of a society's production possibility frontier is called its marginal rate of transformation.

The production possibility frontier (PPF) illustrates the amount of output of one commodity that must be given up to generate a single unit of another commodity, assuming that all inputs and technological factors are constant. It depicts the maximum amount of products that an economy can produce, provided that its resources are utilized effectively and efficiently, as well as the available technology is employed optimally.

The slope of the production possibility frontier is referred to as the marginal rate of transformation. It demonstrates the rate at which the production of one commodity must be reduced to increase the production of another commodity by a single unit.

As a result, it represents the opportunity cost of producing a product in terms of other goods, as the price of one item rises as the price of the other falls. The production possibility frontier and its slope are both critical in economic studies.

It assists in the comprehension of the concept of opportunity cost, which is the cost of selecting one option over another. Furthermore, understanding the PPF can aid in the selection of the most efficient production technique, allowing for the production of more goods while minimizing the opportunity cost.

To know more about production possibility frontier refer here:

https://brainly.com/question/27833900#

#SPJ11

suppose will's year 1 food expenditures in year 3 dollars amounted to $5,670. suppose also that the real interest rate in year 3 was 3 percent. then, in year 3, a. the inflation rate was 9 percent and the nominal interest rate was 6 percent. b. the inflation rate was 8 percent and the nominal interest rate was 5 percent. c. the inflation rate was 8 percent and the nominal interest rate was 11 percent. d. the inflation rate was 9 percent and the nominal interest rate was 12 percent.

Answers

Suppose will's year 1 food expenditures in year 3 dollars amounted to $5,670. suppose also that the real interest rate in year 3 was 3 percent. then, in year 3, the inflation rate was 8 percent and the nominal interest rate was 5 percent. The correct option is B.

What is the expenditures and inflation rate?

Will's food expenditures in year 3 were about $5,670. This number is in year 3 dollars, and the real interest rate in year 3 was 3%. This means that in year 3, prices had risen by 3 since year 1, so the inflation rate was 8.

The nominal interest rate is the interest rate adjusted for inflation, so the nominal interest rate in year 3 was 5, which is 3.

Therefore, the correct option is B.

Learn more about Interest rate here:

https://brainly.com/question/13324776

#SPJ11

jack was fired by larry but decided to try to win back his job as agent by getting a big new contract. he approached sharon, a new client, and made a pitch to sell larry's product. sharon agreed to buy 100. jack tells larry. what are the legal consequences? a. jack would forfeit his commission if larry ratified the contract. b. larry has to hire jack again and then make the deal. c. larry would have to ratify the deal to get the benefit of the contract. d. larry would have to negotiate the deal with sharon himself.

Answers

The correct answer is option C - Larry would have to ratify the deal to get the benefit of the contract.

This term is frequently employed in the context of treaty negotiations or other legal agreements that must be validated by an official or legislative body, as well as contractual arrangements that must be validated by both parties.The legal consequences if Jack tells Larry about Sharon's agreement to purchase 100 products are that Larry would have to ratify the agreement to get the benefit of the contract.

The reason for this is that the agreement was made while Jack was no longer Larry's agent, and therefore he had no authority to make a deal.  The other options are not correct because Larry is not obligated to re-hire Jack, nor does he have to negotiate the deal with Sharon himself. Also, the commission does not have to be forfeited.

Learn more about  commission here:https://brainly.com/question/957886

#SPJ11

how long (in years) will it take a $300 investment to be worth $400 if it is continuously compounded at 8% per year?

Answers

It will take 8.37 years for a $300 investment to be worth $400 when continuously compounded at 8% per year.

To calculate this, use the formula A = P(1+r/n)^nt, where A is the amount after the time period, P is the principal investment, r is the interest rate, n is the number of times compounded per year, and t is the number of years. In this case, A is $400, P is $300, r is 8%, n is 1 (continuously compounded), and t is the number of years. Plugging these values into the formula gives 8.37 years.

This can also be solved using the rule of 72, which states that the time required to double your money at a given rate is approximately equal to 72 divided by the interest rate. In this case, 72 divided by 8 is equal to 9, meaning it will take about 9 years for the investment to double. Therefore, it will take 8.37 years for the investment to increase from $300 to $400.

To know more about investment click on below link:

brainly.com/question/15105766#

#SPJ11

How are an increased potential output and an unchanged current output represented in the aggregate demand-aggregate supply (AD-AS) model?

Answers

The aggregate demand-aggregate supply (AD-AS) model illustrates how increased potential output is represented by an outward shift of the aggregate demand (AD) curve, while an unchanged current output is represented by an unchanged AD curve.

This is due to the fact that the AD curve represents the amount of output demanded at each level of aggregate prices. As the potential output increases, so does the amount of output that is demanded, thus resulting in an outward shift of the AD curve. Aggregate demand and aggregate supply are two important concepts in macroeconomics that help to explain how the overall economy functions.

Aggregate demand (AD) refers to the total demand for goods and services in an economy at a given time. It represents the sum of all the individual demands for goods and services in the economy. AD is influenced by several factors, including consumer spending, investment spending, government spending, and net exports.

Aggregate supply (AS) refers to the total supply of goods and services in an economy at a given time. It represents the sum of all the individual supplies of goods and services in the economy. AS is influenced by several factors, including the availability of resources, technology, and the cost of production.

Learn more about aggregate demand: https://brainly.com/question/1490249

#SPJ11

sarah is the leader of an organized drug-selling ring. in order to hide the profits made from her illegal business, she opens up a nail salon through which her drug money flows. this is an example of what kind of crime?

Answers

Sarah's action of using a legitimate business to conceal the profits of an illegal drug-selling ring is an example of money laundering.

Money laundering is the act of disguising the proceeds of illegal activity as legitimate funds to avoid detection and prosecution. It typically involves a series of complex financial transactions that are designed to make the funds appear as though they were obtained through legal means. In this case, Sarah is using a nail salon as a front to make her drug money look like legitimate income. Money laundering is a serious crime that is punishable by law.

Therefore, it is stated that Sarah's act is an example of money laundering, which is a form of financial crime.

You can learn more about money laundering at

https://brainly.com/question/29830487

#SPJ11

if the government removes a $4 tax on buyers of restaurant meals and imposes the same $4 tax on sellers of restaurant meals, then the price paid by buyers will

Answers

The price paid by buyers will "not change, and the price received by sellers will not change". Thus, Option A is correct.

Shifting the tax burden from buyers to sellers will not affect the final price paid by buyers, as the $4 tax will still be added to the menu price of the meal. However, the sellers will now be responsible for paying the tax, which will reduce their profit margin by $4 per meal. Since the tax burden has shifted, but the amount of the tax remains the same, the price paid by buyers and received by sellers will remain the same.

This scenario is an example of tax incidence, which refers to how the burden of a tax is distributed between buyers and sellers. In this case, the tax incidence has shifted from the buyer to the seller, but the overall price paid and received remains the same. It's important to note that tax incidence is not always straightforward and can vary based on factors such as the elasticity of demand and supply.

This question should be provided with answer choices, which are:

a. not change, and the price received by sellers will not change.b. not change, and the price received by sellers will decrease.c. decrease, and the price received by sellers will decrease.d. decrease, and the price received by sellers will not change.

Learn more about tax on buyers https://brainly.com/question/28496993

#SPJ11

when an auditor is to conduct an audit of a service organization, what considerations should the auditor make in planning regarding internal controls of the organization?

Answers

When an auditor is conducting an audit of a service organization, they need to consider the internal controls of the organization in the planning process.

Internal controls are policies and procedures put in place to help ensure that the organization is achieving its objectives in a reliable and efficient manner.

In particular, the auditor should evaluate the design of the internal controls, the level of supervision that is in place, and the type of checks and balances used.

They should consider the segregation of duties, the use of authorization procedures, and the documentation and tracking of transactions. Furthermore, the auditor should analyze the accuracy and completeness of the accounting records.

The auditor should also consider the reliability of the internal controls in regards to safeguarding the assets of the organization. This includes assessing the security of the premises, the reliability of computer systems and the accuracy of financial reporting.

Overall, when an auditor is conducting an audit of a service organization, they need to consider the internal controls in the planning process. This involves evaluating the design of the controls, the level of supervision, and the accuracy of the accounting records.

The auditor should also analyze the security of the premises and the reliability of computer systems to safeguard the assets of the organization.

To learn more about organization here:

https://brainly.com/question/19334871#

#SPJ11

zack buys a policy and names his wife, tammy, as the beneficiary. she is insured as well. zack is the beneficiary on her policy. zack is killed immediately. tammy dies 10 days later due to complications from the accident. their son, james, is the secondary beneficiary on both policies. james has no will. q: if their son, james, is already dead, then to whom would the life insurance proceeds go?

Answers

If their son James is already dead, then the life insurance proceeds would go to the following beneficiaries: Zack buys a policy and names his wife, Tammy, as the beneficiary. She is insured as well. Zack is the beneficiary on her policy.

Zack is killed immediately. Tammy dies ten days later due to complications from the accident. Their son, James, is the secondary beneficiary on both policies. James has no will.

If James is already dead, then the life insurance proceeds will go to the contingent beneficiary, which is the person or entity named to receive the proceeds if the primary beneficiary predeceases the insured.

The life insurance policy's language determines the contingent beneficiary. If no contingent beneficiary is specified, then the proceeds will go to the insured's estate.

To know more about  life insurance policy's refer here:

https://brainly.com/question/30733813#

#SPJ11

you are a small team, but you want to increase your output of high-quality created content on your socials. what advantage could you highlight to upper management to get more budget?\

Answers

As a small team, if you want to increase your output of high-quality created content on your socials, one of the advantages that you could highlight to upper management to get more budget is that creating high-quality content will attract more potential customers or clients, and retain the existing ones.

Additionally, social media content that is original and of high quality has the potential to increase brand recognition, credibility, and reach, and ultimately lead to more sales and revenue for the company. Therefore, by investing in high-quality created content, a business is investing in its own success.

Furthermore, the budget allocated for creating high-quality content would enable the team to invest in equipment, tools, and resources that can enhance the quality of the content. This investment can result in a more efficient and productive workflow, which could translate into higher-quality output and more frequent content updates.

In conclusion, the advantages of creating high-quality content and the potential benefits for a business are significant enough to justify allocating more budget to it. Therefore, highlighting these advantages to upper management would likely help convince them to invest in creating high-quality content.

To learn more about “upper management” refer to the: https://brainly.com/question/25045008

#SPJ11

if clooney corporation has physical inventory of $53,370 and reports inventory shrinkage of $1,200, what is the company's account balance of merchandise inventory?

Answers

The Clooney Corporation has a physical inventory of $53,370, as stated in the question. Additionally, the inventory shrinkage is $1,200. To figure out the company's account balance of merchandise inventory, we need to subtract the inventory shrinkage from the physical inventory.

In essence, the company's account balance of merchandise inventory is the net value of the inventory remaining after inventory shrinkage is deducted. The formula for calculating inventory shrinkage is as follows:

Inventory Shrinkage = Physical Inventory - Counted Inventory

To calculate the company's account balance of merchandise inventory, we must use the formula:

Account balance of merchandise inventory = Physical inventory - Inventory shrinkage

As a result, we can determine the company's account balance of merchandise inventory as follows:

Account balance of merchandise inventory = $53,370 - $1,200 = $52,170

Therefore, the company's account balance of merchandise inventory is $52,170. In brief, we can determine the account balance of merchandise inventory by subtracting inventory shrinkage from physical inventory.

To know more about Inventory here

https://brainly.com/question/14184995

#SPJ4

1. how much will a $75 deposit made today be worth in 15 years if the interest is compounded annually at a rate of 5%?

Answers

The final answer are deposit of $75 made today will be worth $183.08 after 15 years at an annual compounding rate of 5%

To calculate the value of a $75 deposit made today after 15 years at an annual compounding rate of 5%,

use the formula:

A = P(1 + r/n)^(nt)

where: A is the final amount

P is the initial deposit or principal

r is the annual interest rate

n is the number of times the interest is compounded per year

t is the number of years

For this problem,

P = $75r = 5%

n = 1

t = 15 years

Plugging in the values gives us:

A = 75(1 + 0.05/1)^(1*15)A = 75(1.05)^15

A = $183.08

Therefore, the deposit of $75 made today will be worth $183.08 after 15 years at an annual compounding rate of 5%.

To know more about Compound interest refer here:

https://brainly.com/question/14295570#

#SPJ11

the leadership team of popso soda company includes a president and vice presidents of operations, marketing, human resources, and finance. popso seems to utilize which type of organizational structure? multiple choice hollow matrix horizontal

Answers

The organizational structure of Popso Soda Company seems to be a functional structure, where employees are grouped together based on their specialized functional areas, such as operations, marketing, human resources, and finance.

What is functional structure?

Functional structure is a type of organizational structure in which employees are grouped together based on their specialized functional areas, such as finance, marketing, operations, human resources, etc. Each functional area is headed by a manager or supervisor who reports to a higher-level manager.

In a functional structure, employees within each department typically have similar skills, training, and expertise, and they work on projects or tasks that are related to their functional area. For example, marketing employees may work on developing and promoting products, while finance employees may be responsible for managing the company's finances.

To know more about functional structure, visit:

https://brainly.com/question/14419215

#SPJ1

you note the following yield curve in the wall street journal. according to the unbiased expectations theory, what is the one-year forward rate for the period beginning two years from today, 3f1?

Answers

According to the Unbiased Expectations Theory, the one-year forward rate for the period beginning two years from today (3F1) is 4%.

The one-year forward rate for the period beginning two years from today (3F1) is equal to the current one-year interest rate plus the expected difference in the one-year rate at the end of the period and the current one-year rate.

By looking at the yield curve in the Wall Street Journal, we can see that the current one-year rate is 3%, while the one-year rate at the end of the period is 4%.

Therefore, the one-year forward rate for the period beginning two years from today (3F1) is 3% + (4%-3%) = 4%.

Thus, one year forward rate is 4%.

To know more about Unbiased Expectations Theory, click on the link below:

https://brainly.com/question/28483452#

#SPJ11

to save money, taylor decided not to go to a concert where her favorite musician was performing. what was the opportunity cost of that decision?

Answers

Option d. having fun at the concert.  Having fun at the concert was the opportunity cost of that decision took by Taylor.

Opportunity cost is generally defined as the next best option. Also called replacement cost, it is the loss of profit that could have been incurred if another option had been chosen. This can also be explained as a loss of utility due to change of choice.

Opportunity cost is an economic concept that arises from realistic assumptions of resource scarcity. Due to the limited amount of resources, the number of production options is also limited. The production capacity is limited, so in order to produce a certain combination of goods, you must forget to produce another combination of goods. This can be called an opportunity cost.

Opportunity cost is a concept commonly used by project promoters and economic analysts to conduct feasibility studies and make policy decisions.

To learn more about opportunity cost, here:

https://brainly.com/question/13036997

#SPJ4

Complete question:

To save money, Taylor decided not to go to a concert where her favorite musician was performing. what was the opportunity cost of that decision?

a. having time to study

b. spending time at home

c. having extra money

d. having fun at the concert

five years from today, you plan to invest $3,250 for 10 additional years at 5.5 percent compounded annually. how much will you have in your account 15 years from today?

Answers

Five years from today, if a person invests $3,250 for 10 more years at 5.5% compounded annually. The principal is the starting amount of money you invest, and it is $3,250. The interest rate, which is compounded annually, is 5.5 percent.

The term is 10 years. The formula for calculating future value or the amount you will have in your account after a certain period of time is: FV = P (1 + r/n)/ (nt)⁻¹ ,

where, FV represents future value,

P represents the principal (initial amount of money invested)

r represents the interest rate, and represents the number of times per year the interest is compounded,

t represents the number of years the money is invested.

Substituting the known values in the formula, we get:

FV = 3250 (1+0.055/1) ¹⁰

FV = $5,753.68

After 15 years from today, the future value will be:

FV = 3250(1+0.055/1) ¹⁵

FV = $7,899.36

Therefore, the future value of the amount invested after 15 years from today will be $7,899.36.

Learn more about future value https://brainly.com/question/15055020

#SPJ11

revisit the costs for the khalid company below. what is the product's contribution margin ratio? group of answer choices 46.6% 58.3% 30.0% 52.3% none of the above

Answers

The product's contribution margin ratio is 50%.The option E. None of the above is correct.

About contribution margin ratio

The contribution margin ratio for the product can be calculated using the following formula:

Contribution margin ratio = (Contribution margin / Sales) x 100

Where contribution margin is calculated as:

Contribution margin = Sales - Variable Expenses Given below is the data for Khalid Company:

Sales = $150,000

Variable expenses = $75,000

Fixed expenses = $50,000

Using the above data, we can calculate the contribution margin as:

Contribution margin = Sales - Variable expenses= $150,000 - $75,000= $75,000

And the contribution margin ratio as:

Contribution margin ratio = (Contribution margin / Sales) x 100= ($75,000 / $150,000) x 100= 50%

Therefore, the product's contribution margin ratio is 50%.(Option E. None of the above)

Learn more about margin ratio at

https://brainly.com/question/29534784

#SPJ11

ethics refers to a firm's belief that an ongoing relationship with another firm is so important that it warrants maximum efforts at maintaining it indefinitely. true false

Answers

The given statement "Ethics refers to a firm's belief that an ongoing relationship with another firm is so important that it warrants maximum efforts at maintaining it indefinitely" is true because it is a statement regarding the ethical behavior of firms.

What is ethics?

Ethics are moral principles and values that govern a person's behavior or the behavior of a group of people. A firm is composed of people, and so it is important for a firm to be ethical in its behavior. Ethical behavior can include various things such as fairness, honesty, and respect for other people's rights.

What is the importance of ethical behavior for a company?

The importance of ethical behavior in the workplace cannot be overstated. Ethical behavior fosters a positive working environment and leads to a healthy corporate culture. It helps in maintaining positive relationships with customers, suppliers, investors, and other stakeholders.

Ethical behavior also reduces the risk of legal violations and negative publicity, which could damage a company's reputation and cause financial losses. Additionally, companies with ethical cultures often enjoy better employee morale and lower turnover rates.

To know more about Ethics refer here

https://brainly.com/question/11992384#

#SPJ11

true or false? 1.) when the quality of a product in the market basket falls, the cpi will understate the cost of living. 2.) the gdp deflator is based on gdp statistics rather than a survey

Answers

True
I believe that is the answer

korporate classics corporation (kcc) won a bid to supply widgets to pacer corporation but lost money on the deal because they underbid the project. kcc fell victim to the .

Answers

KCC fell victim to the winner's curse. The winner's curse refers to a situation in which a party wins an auction or bidding process but pays more than the true value of the item being sold.

In the case of KCC, they won the bid to supply widgets to Pacer Corporation but underbid the project, meaning they set a price that was too low and ended up losing money. The winner's curse is a common phenomenon in competitive bidding situations and can result in the winner suffering financial losses.

KCC fell victim to competitive bidding, which is when multiple companies bid for a contract or project, and the winner is typically the one with the lowest bid. In an effort to win the contract, companies may underbid and end up losing money on the project. This is a risk that companies take when participating in competitive bidding, and it highlights the importance of accurate cost estimation and pricing strategies.

To know more about underbid here

https://brainly.com/question/1558020

#SPJ4

in the long run, the unemployment rate equalsa.the sum of the structural and natural rate of unemployment.b.the economic rate of unemployment.c.the difference between frictional and structural unemployment.d.the natural rate of unemployment.

Answers

The correct answer is d, the natural rate of unemployment. The natural rate of unemployment is the rate of unemployment that is consistent with a stable rate of inflation and is determined by the equilibrium between workers searching for jobs and employers searching for workers. The natural rate of unemployment takes into account both frictional and structural unemployment, and it reflects the efficiency of the labor market.

Frictional unemployment is caused by the normal process of workers changing jobs and employers searching for the right workers to fill open positions. Structural unemployment, on the other hand, is caused by changes in the economy, such as technological advances, shifts in the types of jobs available, or changes in the qualifications necessary for certain types of jobs.

In the long run, the unemployment rate will equal the natural rate of unemployment, since this is the rate at which the labor market is most efficient and stable. This rate can fluctuate in the short run due to external factors, such as recessions or government policies, but it will eventually return to the natural rate over time.

for more such questions on unemployment .

https://brainly.com/question/20111210

#SPJ11

while workers in the united states are more task oriented and require information to do their jobs, workers from korea are more motivated by strong relationships and developing trust to do the same job. that is because korea is a

Answers

This is because Korea is a collectivist society, where people prioritize the group and collective goals over individual goals.

The concept of collectivism versus individualism is a fundamental cultural dimension that helps explain differences between societies. In collectivist societies, such as Korea, relationships, social harmony, and the group's welfare take priority over individual goals and achievements. In this context, building trust and strong relationships are essential for effective teamwork and collaboration, and are critical for achieving goals collectively.

By contrast, in individualistic societies such as the United States, personal autonomy, independence, and individual goals and achievements are more highly valued. Workers in these societies tend to be more task-oriented and prioritize achieving individual goals through the acquisition of information and skills.

You can learn more about collectivist society at

https://brainly.com/question/29554700

#SPJ11

for venture capital investors with a medium-term time horizon, how attractive is the colorado marijuana industry as an investment destination? explain your answer in detail.

Answers

The Colorado Marijuana Industry is a highly attractive investment destination for venture capital investors with a medium-term time horizon.

The Colorado Marijuana Industry is highly profitable and has been growing at a rapid pace, offering lucrative opportunities to investors. In 2020, the Colorado marijuana industry reported a record $2.2 billion in sales.- Colorado is the first state to legalize the use of Marijuana and has been a leader in the industry. This legal status of the industry and the state government's support for the industry are highly attractive for investors.

The industry is highly regulated, ensuring proper quality control and safety standards, which is good for investors as the industry is less likely to have legal or regulatory issues.

Learn more about Marijuana: brainly.com/question/8354517

#SPJ11

Using the "resource-based view" helps firms ______.

Answers

The resource-based view helps firms achieve competitive advantage.

What is the resource-based view?

The resource-based view (RBV) is an approach to strategic management that focuses on the resources and capabilities of a firm rather than the external environment. It considers the internal resources and capabilities of a firm to be the main drivers of competitive advantage. The RBV suggests that a firm should identify and develop its unique resources and capabilities to achieve and maintain a competitive advantage in the market. These resources and capabilities can include physical assets, financial resources, human capital, intellectual property, and organizational processes.

How does RBV help firms?

Using the RBV helps firms achieve competitive advantage by enabling them to develop a unique set of resources and capabilities that are difficult to imitate or replicate by competitors. This makes it more challenging for other firms to enter the market or compete effectively, leading to sustainable competitive advantage.

RBV helps firms in the following ways:

1. Identifying the firm’s unique resources and capabilities

2. Developing resources and capabilities that are valuable, rare, inimitable, and non-substitutable (VRIN)

3. Creating a competitive advantage that is difficult to imitate or replicate

4. Building a sustained competitive advantage that allows the firm to maintain its position in the market over time.

In conclusion, the resource-based view helps firms achieve competitive advantage by identifying and developing unique resources and capabilities that are difficult to imitate or replicate by competitors.

Learn more about resource-based view here: https://brainly.com/question/30979218

#SPJ11

diana is retiring today at age 66 and expects to live to age 82. she has $136,000 in her retirement savings account. she is somewhat conservative with her money and expects to earn 6 percent during her retirement years. how much can she withdraw from her retirement savings each month if she plans to spend her last penny on the morning of her death? group of answer choices $919.46 $1,103.56 $909.92 $1,416.08 $847.78

Answers

The amount that Diana can withdraw from her retirement savings each month if she plans to spend her last penny on the morning of her death is $1,103.56. Option B is the correct answer.

To determine the amount of money that Diana can withdraw from her retirement savings each month if she plans to spend her last penny on the morning of her death, we will use the formula:

PV = [tex]\[Pmt\times \left[ \frac{\left( 1-{{\left( 1+i \right)}^{-n}} \right)}{i} \right]\][/tex]

where

PV = present value

Pmt = payment amount

i = interest rate

n = number of periods

First, we will calculate the value of PV. Here, PV is $136,000 as that is the present value of her savings.

Next, we need to determine the interest rate. Since Diana expects to earn 6% on her retirement savings during her retirement years, the interest rate will be 0.06.

Finally, we need to calculate the value of n. The number of periods will be 16 (i.e., the number of years between the time she retires at age 66 and the time she expects to die at age 82).

Substituting the values into the formula, we get:

136,000 = [tex]\[Pmt\times \left[ \frac{\left( 1-{{\left( 1+0.06 \right)}^{-16}} \right)}{0.06} \right]\][/tex]

      Pmt = $1,103.56

Therefore, Diana can withdraw $1,103.56 from her retirement savings account each month if she plans to spend her last penny on the morning of her death. Option B is the correct answer.

Learn more about present value at https://brainly.com/question/20813161

#SPJ11

during the last fiscal year, abc organization implemented managerial accounting to allocate program costs to its soup kitchen. the kitchen's manager is reviewing actual results from the prior month to compare the outcomes with the organization's objectives. which function of the plan-implement-control cycle is she conducting?

Answers

The function of the plan-implement-control cycle that the kitchen's manager is conducting is the control function. The control function is the last function of the plan-implement-control cycle.

The plan-implement-control cycle is an approach that organizations use to manage their operations. It is also known as the management cycle. This cycle includes three functions that are interconnected and interdependent. These functions are planning, implementation, and control. Planning function : The planning function is the first function of the plan-implement-control cycle. Implementation function: The implementation function is the second function of the plan-implement-control cycle. In this function, the organization implements the plan developed during the planning function.

In this function, the organization monitors and evaluates the results achieved during the implementation function. The organization uses control measures to ensure that it has achieved the desired results or objectives. It helps to identify any deviations from the desired results, and the organization can take corrective action to correct the deviations.

The control function is an essential function because it helps the organization to ensure that it is on track to achieve its goals and objectives.

Know more about control function here:

https://brainly.com/question/23471344

#SPJ11

investors predict that cargo corporation stock will trade for $36.70 in one year. the company will not pay a dividend in the next year. if you desire a return of 15.00% on cargo stock, how much are you willing to pay for a share today?

Answers

The investor is willing to pay $31.91 for a share of the cargo corporation stock today.

Investors predict that the cargo corporation stock will trade for $36.70 in one year. The company will not pay a dividend in the next year.

To find out how much the investor is willing to pay for a share today, we use the formula:P0 = D1 / (1 + r)nWhere:P0 = the price that the investor is willing to pay for a share todayD1 = the stock price predicted in one year, which is $36.70n = the number of years, which is 1r = the required return, which is 15% expressed in decimal format as 0.15Plugging in the values, we have: P0 = $36.70 / (1 + 0.15)¹P0 = $36.70 / 1.15P0 = $31.91. Therefore, the investor is willing to pay $31.91 for a share of the cargo corporation stock today.

To know more about Investor click here:

https://brainly.com/question/30828591#

#SPJ11

As discussed in the text, at minimum, a would‐be plaintiff who wishes to sue an anonymous online poster for defamation or invasion of privacy must _____.

Answers

As discussed in the text, at minimum, a would-be plaintiff who wishes to sue an anonymous online poster for defamation or invasion of privacy must conduct a preliminary inquiry to obtain the poster's identifying information.

A preliminary inquiry is an inquiry that determines whether there is adequate evidence to warrant a criminal trial.

A preliminary inquiry is a mini-trial that is held to decide whether or not there is sufficient evidence to warrant a trial. The inquiry is typically conducted in a lower court, and the prosecutor presents evidence against the defendant to the judge during the inquiry. The accused is allowed to cross-examine any witnesses that are called during the investigation.

Learn more about an Inquiry: https://brainly.com/question/28356253

#SPJ11

according to a cnn article discussed in class, ireland is one country in the european union that has a 0% luxury tax. group of answer choices true false

Answers

According to a CNN article discussed in class, Ireland is one country in the European Union that has a 0% luxury tax: this statement is: True.

This means that luxury goods in Ireland do not incur an extra tax.

What is luxury tax?

A luxury tax is a tax levied on the purchase of luxurious items. It is also known as a sin tax, a vice tax, or a demerit tax. This is a tax on goods that are considered non-essential or exclusive for a few. The tax on luxury goods is a method of generating additional government revenue while also discouraging people from purchasing these goods.

Luxury goods are defined as items that are not necessary for daily living but are considered desirable for individuals with a high-income bracket.

In conclusion, according to a CNN article discussed in class, Ireland is one country in the European Union that has a 0% luxury tax.

To know more about luxury tax, refer here:

https://brainly.com/question/28398907#

#SPJ11

the management of data across the entire organization is most accurately defined as:group of answer choicesdata administrationdata integrationdata governancedata control

Answers

Data governance is the most accurate term for the management of data across the entire organization. Option B is correct.

Data governance is a comprehensive approach to managing and controlling data across the entire organization, from creation and storage to use and disposal. It involves defining policies and procedures for managing data, establishing roles and responsibilities, and ensuring compliance with legal and regulatory requirements. Data governance ensures that data is accurate, reliable, and consistent, and that it is accessible only to authorized users.

It also helps organizations to manage risks associated with data, such as privacy breaches and data loss, and to make more informed decisions based on reliable data. Therefore, option B is correct, as data governance provides the most accurate term for managing data across the organization.

Learn more about database management https://brainly.com/question/24027204

#SPJ11

Other Questions
MODELING REAL LIFE You deposit $5000 in an account earning 7. 5% simple interest per year. How long will it take for the balance of the account to be $6500? Find the surface area of a rectangular prism if your home is not conducive for a party and there will be no dedicated room or area outside for your guests to hang out, then You are researching a company and find that it has an inventory period of 22.5 days, an accounts payable period of 37.1 days, and an accounts receivable period of 31.7 days. the company's operating cycle is days and its cash cycle is___days. Hi, I'm a OHVA highschool student and I want to help other K12 virtual seniors get work submitted before graduation. If you need help with anything, I would love to help you! Question 2 of 10You can add physical activity minutes to your day by choosing to take thestairs instead of the elevator.O A. TrueOB. FalseSUBMIT Discuss the advantages of architectural and design software. universities are not required to award all the scholarship permitted in a given sport and most do not fully fund grants in all the sports they offer? edmund booth, a 1800s deaf pioneer met other deaf people for the first time when he started to attend a school for the deaf at the age of 16. upon arriving, he said: group of answer choices which questions will the nurse ask to assess for the vegetative signs of clinical depression? select all that apply. one, some, or all responses may be correct. 1. Your stock broker charges a 7% fee every time stocks are bought and sold. How muchprofit would you earn from the sale of 250 shares that are worth $4.50 each. Explain how collaborating skills might resolve conflict and contribute to harmonies relationship during your grade academic year what does john tear up at the end of act 2? why does he tear up his confession at the end of this act Can some one. Give me an explanation and answer please thank you raina is 25 and happily married. however, she has been feeling much less interested in sexual activities since having her ovaries removed. which factor might be causing this? 129. (1+x)y' = (x + 2)(y 1)Calculus vol 2 need help solving this!!!! What are the 5 stages of solar system formation? if the marginal propensity to consume is two thirds, then an increase in personal income taxes of $100 will most likely result in I have no clue what im doing..If work = 100J and time = 20 seconds, what is power 1111111111111111111111111111 friends?