To complete the loan analysis task in Excel, follow the provided steps to calculate the loan options, create an amortization schedule, format cells, and organize worksheets.
To complete the given task and calculate the loan options, follow these steps:
Start Excel and open the file named "e06ch11_grader_h1_Loans.xlsx".Save the file with the name "e06ch11_grader_h1_Loans_LastFirst", replacing "LastFirst" with your name.On the "LoanAnalysis" worksheet, in cell C4, calculate the annual percentage rate for Loan Option 1. Format the cell as Percentage with 2 decimal places.In cell C6, calculate the total cumulative interest that would be paid throughout the life of the loan if payments were made at the end of the periods. Reference cell C5 for the end_period argument. Be sure that the result of the function is positive, and then format the cell as Currency.In cell C7, calculate the total cost of the loan by adding the loan amount in cell C2 to the cumulative interest amount in cell C6.In cell F3, calculate the end of the period monthly payment for Loan Option 2. Be sure the result of the function is positive, and then format the cell as Currency.In cell F6, calculate the total cumulative interest that would be paid throughout the life of the loan if payments were made at the end of the periods. Reference cell F5 for the end_period argument. Be sure that the result of the function is positive, and then format the cell as Currency.In cell F7, calculate the total cost of the loan by adding the loan amount in cell F2 to the cumulative interest amount in cell F6.In cell I5, calculate the total number of quarterly payments required to pay off Loan Option 3 if payments are made at the end of the period. Format the cell as Number with 0 decimal places.In cell I6, calculate the total cumulative interest that would be paid throughout the life of the loan if payments were made at the end of the periods. Reference cell I5 for the end_period argument. Be sure that the result of the function is positive, and then format the cell as Currency.In cell I7, calculate the total cost of the loan by adding the loan amount in cell I2 to the cumulative interest amount in cell I6.Create an amortization schedule for Loan Option 3 in cells C12:F35. All payments are end-of-the-period payments. Begin with a formula in cell C12 that refers to the Loan Amount for Loan Option 3. Format the cell as Currency with 0 decimal places.In cell D12, enter a function to calculate the first principal payment. Format the cell as Currency with 2 decimal places.In cell E12, enter a function to calculate the first interest payment. Format the cell as Currency with 2 decimal places.In cell F12, enter a formula to calculate the first ending balance. Format the cell as Currency with 2 decimal places.In cell C13, enter a formula that refers to the ending balance in cell F12. Complete the amortization schedule down to F35. Ensure that cells C13:F35 are formatted as Currency with 2 decimal places.Ensure that the worksheets are correctly named and placed in the following order in the workbook: LoanAnalysis, Documentation.Save the workbook, exit Excel, and submit the file as directed by your instructor.The steps above are a way to make a lending analysis to a company to identify how much loan to pay.
Learn more about loan: brainly.com/question/20688650
#SPJ11
which of the following is true? multiple choice question. m2 equals m1 plus savings deposits, including mmdas, plus small (less than $100,000) time deposits minus mmmfs held by individuals m2 equals m1 plus savings deposits, excluding mmdas, plus small (less than $100,000) time deposits minus mmmfs held by individuals m2 equals m1 minus savings deposits, including mmdas, minus small (less than $100,000) time deposits minus mmmfs held by individuals m2 equals m1 plus savings deposits, including mmdas, plus small-denominated (less than $100,000) time deposits plus mmmfs held by individuals
M2 is used to capture a more comprehensive view of the money supply and its potential impact on the economy.
"M2 equals m1 plus savings deposits, including mmdas, plus small-denominated (less than $100,000) time deposits plus mmmfs held by individuals".
M2 is a measure of the money supply that includes cash, checking deposits, savings deposits, money market deposit accounts (MMDAs), small-denominated time deposits, and balances in retail money market mutual funds held by individuals.
Therefore, option D is the correct answer as it includes all of these components.
Option A includes mmdas and small-time deposits, but it excludes mmmfs held by individuals, which is not accurate. Option B excludes mmdas, which is not correct.
Option C subtracts savings deposits and time deposits from m1, which is incorrect.
The correct answer is: M2 equals M1 plus savings deposits, including MMDAs, plus small-denominated (less than $100,000) time deposits plus MMMFs held by individuals.
M1 represents the most liquid forms of money, such as currency and checking deposits.
M2 is a broader measure of the money supply that includes M1 and additional types of deposits.
These additional deposits include savings deposits (with MMDAs), small-denominated time deposits (less than $100,000), and money market mutual funds (MMMFs) held by individuals.
M2 is used to capture a more comprehensive view of the money supply and its potential impact on the economy.
To know more about savings deposits: brainly.com/question/29929199
#SPJ11
fill in the blank. Revenue recognition for services such as lending money and performing financial statement audits is typically ____
Revenue recognition for services such as lending money and performing financial statement audits is typically recognized over time as the services are performed and completed, using the percentage-of-completion method.
Revenue recognition for services such as lending money and performing financial statement audits is typically based on the completion of performance obligations or the passage of time.
Revenue recognition is the accounting principle that determines the timing and amount of revenue that a company should recognize in its financial statements. It is an important principle for businesses because it affects the financial performance and profitability of the company.
The revenue recognition principle states that revenue should be recognized when it is earned and realized or realizable. This means that revenue should be recorded when goods or services are delivered to customers, and the company has either received payment or has a reasonable expectation of receiving payment for those goods or services.
Visit here to learn more about Revenue recognition brainly.com/question/14244666
#SPJ11
Revenue for services such as lending money or performing audits is typically recognized over time. This is a key element of accrual accounting where revenue and expenses are recognized as they are incurred, not when cash is exchanged.
Explanation:Revenue recognition for services such as lending money and performing financial statement audits is typically recognized over time. This is because these services often extend over a period of time and don't have a specific point of completion like the sale of a product might. As the bank lends money or as the audit is performed, portions of the agreed-upon fee or interest are recognized as revenue. This concept is a fundamental aspect of accrual accounting, where revenue and expenses are recognized when they are earned or incurred, not necessarily when cash changes hands.
Learn more about Revenue Recognition here:https://brainly.com/question/33670780
#SPJ12
Bastion Corporation earned net income of $200,000 this year. The company began the year with 10,000 shares of common stock and issued 5,000 more on April 1. They issued$7,500 in preferred dividends for the year. What is the EPS for the year for Bastion?
The EPS for Bastion Corporation for the year is $24.87 per share. This means that for every share of common stock outstanding, the company earned $24.87 in net income.
The EPS, or earnings per share, is a financial metric used to measure a company's profitability on a per-share basis. It is calculated by dividing the net income by the total number of outstanding shares. To calculate the EPS for Bastion Corporation, we first need to determine the weighted average number of shares outstanding during the year. The weighted average number of shares is calculated by taking the number of shares outstanding for each period and multiplying it by the number of days that the shares were outstanding during that period.
For Bastion, the calculation would be as follows:
10,000 shares outstanding for the first three months (January to March)
5,000 shares outstanding for the remaining nine months (April to December)
Weighted average shares outstanding = ((10,000 x 91) + (5,000 x 274)) / 365
Weighted average shares outstanding = 7,727.4
Next, we can calculate the earnings per share by dividing the net income by the weighted average number of shares outstanding:
Net income = $200,000
Preferred dividends = $7,500
Earnings available to common shareholders = $200,000 - $7,500 = $192,500
EPS = Earnings available to common shareholders / Weighted average number of shares outstanding
EPS = $192,500 / 7,727.4
EPS = $24.87 per share
Learn more about EPS here:
https://brainly.com/question/30973737
#SPJ11
Discuss whether Jim is carrying on a business (4 marks). Jim works as an employee interior designer. However, he loves making T-shirts, and in his spare time will print designs on T-shirts (from blank T- shirts that he buys) with designs made by him. He then sells the T-shirts online, and also makes sales by attending weekend markets every month. He keeps a record of all his sales and expenses related to this T-shirt activities. Jim spends about 8 hours a week on this activity, and has been doing this for about 4 years. The equipment he uses for T-shirt printing has a market value of $3000. For the past year, he made online sales of $1500 and weekend market sales of $4000. He also in the past year spent a total of $1000 on blank t-shirts and other requirements for his T-shirt activities, such as dye. Jim's dream is to one day be able to make a full-time living from his T- shirt activities, though currently he is primarily motivated by his love of it.
it can be argued that Jim is carrying on a interior designer. This is because he is engaging in an activity with the intention of making a profit, keeping records of his sales and expenses, and dedicating a significant amount of time to it (8 hours a week for 4 years). Therefore, it is likely that Jim's T-shirt activities can be considered as a business.
Jim's T-shirt activity can be considered as carrying on a business based on several factors. First, there is regularity and continuity in his operations, as he has been doing this for 4 years and spends 8 hours a week on it. Second, he maintains records of sales and expenses, showing a systematic approach to managing his T-shirt activities. Third, he makes sales both online and at weekend markets, indicating a commercial purpose. Lastly, his goal is to eventually make a full-time living from this venture. Although it started as a hobby, these factors collectively suggest that Jim's T-shirt activity can be considered a business.
To know more about interior designer visit:-
https://brainly.com/question/20891272
#SPJ11
which of the following is a valid distinction between a corporation and a proprietorship? proprietorships are liable for their actions, while corporations are not. proprietorships may broker real estate, while corporations may not. a corporation has perpetual existence; a proprietorship terminates upon the owner's death. corporations are not subject to taxation, while proprietorships are.
The valid distinction between a corporation and a proprietorship is C: A corporation has perpetual existence; a proprietorship terminates upon the owner's death.
A corporation is a separate legal entity that exists independently of its owners, which are its shareholders. This means that it can continue to exist even when its original shareholders die or sell their shares. Corporations enjoy limited liability, meaning that shareholders are only responsible for the company's debts up to the amount they have invested in the company. They also benefit from the ability to raise capital more easily through the sale of stocks and bonds.
On the other hand, a proprietorship is a business owned by a single individual. This type of business does not have a separate legal existence from its owner, which means that the owner is personally responsible for all of the business's debts and obligations. In addition, a proprietorship terminates when the owner dies, becomes incapacitated, or decides to cease operations. This can create instability for the business and its stakeholders.
The other options (A, B, and D) are not valid distinctions because proprietorships and corporations both can be held liable for their actions, both can broker real estate if properly licensed, and both are subject to taxation, albeit with different tax structures.
In conclusion, the main distinction between a corporation and a proprietorship is the perpetual existence of a corporation, while a proprietorship ceases upon the owner's death or incapacity. This distinction is critical when considering factors such as liability, continuity, and the ability to raise capital. Therefore, the correct option is C.
The question was incomplete, Find the full content below:
which of the following is a valid distinction between a corporation and a proprietorship?
A. proprietorships are liable for their actions, while corporations are not.
B. proprietorships may broker real estate, while corporations may not.
C. a corporation has perpetual existence; a proprietorship terminates upon the owner's death.
D. corporations are not subject to taxation, while proprietorships are.
Know more about Proprietorship here:
https://brainly.com/question/20860827
#SPJ11
1a. Using emotion may be more effective when the receiver is utilizing the ____ route of processing information as they are more reliant on external stimuli during this phase.A. peripheralB. centralC. latentD. explicit1b. Products that are evaluated on the basis of personal preference are referred to as ___ products.A. valueB. choiceC. feelingD. loyal1c. ___ is the multiplication of meaning via pictures or words.A. FrequencyB. ResonanceC. RepetitionD. Duplication1d. The four main emotions advertisers utilize are:irritation, warmth, fear & ennobling.A. True B. False1e. The association of emotion with stimuli takes place through the process of consideration.A. True B. False
1a. Using emotion may be more effective when the receiver is utilizing the peripheral route of processing information as they are more reliant on external stimuli during this phase.
1b. Products that are evaluated on the basis of personal preference are referred to as feeling products.
1c. Resonance is the multiplication of meaning via pictures or words.
1d. The four main emotions advertisers utilize are: irritation, warmth, fear & ennobling - False.
1e. The association of emotion with stimuli takes place through the process of consideration - False.
When the receiver uses the peripheral route, they rely more on external cues, making emotion-driven advertisements more effective.
Feeling products are evaluated based on personal preference. Resonance multiplies meaning through pictures or words, creating a strong connection with the audience.
The statement about emotions utilized by advertisers is false, as ennobling is not a commonly used emotion. Lastly, the association of emotion with stimuli occurs through classical conditioning, not consideration.
To know more about classical conditioning click on below link:
https://brainly.com/question/12691454#
#SPJ11
Large projects would have charge codes for the work package numbers to:
a. determine how the actual costs compare to the planned costs.
b. have resources be able to determine what tasks they should complete.
c. allow for cutting the budget as needed.
d. have a place for other projects to charge expenses.
Large projects would have charge codes for the work package numbers to determine how the actual costs compare to the planned costs, option a.
Charge codes are unique identifiers assigned to each work package within a project. They are used to track the actual costs incurred for each work package and compare them to the planned costs. This allows project managers to identify any discrepancies and make necessary adjustments to the project plan to keep it on track. Charge codes also help resources determine what tasks they should complete and ensure that expenses are correctly charged to the project. They are not used for cutting the budget or for charging expenses to other projects.
To learn more about project: https://brainly.com/question/25009327
#SPJ11
organizations should choose a pay strategy in the context of how effectively it will further the organization's
The statement: organizations should choose a pay strategy in the context of how effectively it will further the organization's is TRUE.
Organizations should consider various factors such as their goals, business strategy, and the competitive environment while choosing a pay strategy. The selected pay strategy should align with the organization's mission, vision, and values to motivate and retain employees.
Pay strategies such as merit-based pay, profit-sharing, and gain-sharing can be effective in achieving the organization's goals. However, a poorly designed pay strategy can lead to employee dissatisfaction and high turnover rates.
Therefore, organizations should evaluate the effectiveness of their pay strategies regularly and make necessary adjustments to ensure that they align with the organization's objectives and contribute to its success.
The complete question is:
True or False? Organizations should choose a pay strategy in the context of how effectively it will further the organization's
To know more about pay strategy, refer here:
https://brainly.com/question/30788891#
#SPJ11
david harvey argues that the degree of progress of a country or region is a natural result of the relative abundance or scarcity of natural resources and the entrepreneurial spirit, rather than uneven geographical development of a global capitalist economy. (True or False)
The statement is as follows: "David Harvey argues that the degree of progress of a country or region is a natural result of the relative abundance or scarcity of natural resources and the entrepreneurial spirit, rather than uneven geographical development of a global capitalist economy." Based on David Harvey's theories, this statement is False.
David Harvey, a renowned geographer and critical theorist, posits that the uneven geographical development is a significant factor contributing to the degree of progress of a country or region. Although the scarcity of natural resources and entrepreneurial spirit are important factors, Harvey emphasizes the role of the global capitalist economy in shaping a country's progress.
To know more degree of progress entrepreneurial spirit https://brainly.com/question/3942014
#SPJ11
Placing a bet on an unknown outcome with the hope of securing a gain is a. gaming b. gambling c. risk d. An opportunity. b. gambling.
Placing a bet on an unknown outcome with the hope of securing a gain is considered gambling. The correct answer is option b.
It involves risking something of value (usually money) on an uncertain event or outcome. It is a form of entertainment for some, but it can also become addictive and lead to negative consequences if not practiced responsibly.
Gambling is the act of placing a bet on an unknown outcome with the hope of securing a gain. It involves risking something of value, usually money, on the outcome of a game, race, or another uncertain event in the hope of winning more money or some other prize.
This is different from gaming, which typically refers to playing games of skill or chance for entertainment purposes. Risk refers to the possibility of loss or harm, while an opportunity is a chance to do something beneficial or advantageous.
To know more about gambling click here:
https://brainly.com/question/12020375
#SPJ11
sutherland was adamant that people learned about how and why to commit crime occurred through media role models, such as those in movies or on the radio
Sutherland's theory of differential association suggests that people learn criminal behavior through social interactions with others who already engage in criminal activities.
According to Sutherland, media role models, such as those in movies or on the radio, can serve as sources of such social interactions, providing individuals with models of criminal behavior to emulate. This theory suggests that exposure to media role models who engage in criminal activities can increase the likelihood that individuals will engage in similar behaviors themselves.
However, it is important to note that Sutherland's theory also recognizes that individuals learn values and norms from a variety of sources, including family, friends, and other social institutions. Therefore, media role models may not be the sole source of criminal behavior, but rather one of many factors that contribute to it. Ultimately, the complex nature of criminal behavior makes it difficult to attribute causality to any one factor, and requires a more comprehensive approach to understanding and addressing the issue.
For more about Sutherland's theory:
https://brainly.com/question/28214809
#SPJ11
of the labor force is 195 million and the unemployment rate is 6.0 percent, the number of people considered employed is million (Round your response to mo decimal places.)If the labor force participation rate is 75 percent, the number of potential workers is milion (Round your response to two decimal places)
The number of potential workers of labor force is 260 million (rounded to two decimal places).
To find the number of people considered employed, we'll use the labor force and unemployment rate. If the labor force is 195 million and the unemployment rate is 6.0 percent, we can calculate the number of employed people as follows:
1. Convert the unemployment rate to a decimal: 6.0% = 0.06
2. Multiply the labor force (195 million) by the unemployment rate (0.06) to find the number of unemployed people: 195 million x 0.06 = 11.7 million
3. Subtract the number of unemployed people (11.7 million) from the labor force (195 million) to find the number of employed people: 195 million - 11.7 million = 183.3 million
So, the number of people considered employed is 183.3 million (rounded to no decimal places).
Next, to find the number of potential workers, we'll use the labor force participation rate, which is 75 percent:
1. Divide the labor force (195 million) by the labor force participation rate (0.75) to find the total working-age population: 195 million / 0.75 = 260 million (rounded to two decimal places)
For more information on labor force in million refer https://brainly.com/question/14328462
#SPJ11
which type of life insurance policy is best suited for paying off the outstanding balance of 30-year mortgage
A decreasing term life insurance policy is best suited for paying off the outstanding balance of a 30-year mortgage.
A decreasing term life insurance policy is designed to provide coverage that decreases over time, which makes it an ideal choice for covering a mortgage with a decreasing balance. This policy ensures that the death benefit matches the outstanding mortgage balance, decreasing over time as the mortgage is paid off.
In case of the insured's death, the policy payout is paid to the beneficiaries, who can use the money to pay off the remaining mortgage balance. This type of policy is typically less expensive than other types of life insurance policies, such as whole life or universal life, which offer coverage for a lifetime and can provide a cash value component.
However, decreasing term life insurance policies do not offer any investment or savings component, and the death benefit decreases over time, making it important to ensure that the policy coverage matches the mortgage balance.
For more questions like Insurance click the link below:
https://brainly.com/question/2782277
#SPJ11
one way for car washes to decrease the number of visitors to the existing site is to offer free pickup and delivery of cars to be washed. offer mobile car wash services. add more service options. increase prices to get the most out of current customers.
One way for car washes to decrease the number of visitors to the existing site is to: offer free pickup and delivery of cars to be washed. The correct option is A.
By offering free pickup and delivery of cars to be washed, car washes can reduce the need for customers to visit the physical location, ultimately decreasing traffic to the site.
This approach may be particularly effective for customers who are pressed for time or who prefer the convenience of having their car washed without having to leave their home or office.
Other tactics, such as offering mobile car wash services or adding more service options, may actually increase the number of visitors to the existing site. Increasing prices to get the most out of current customers may also be risky, as it could lead to a decrease in customer loyalty and satisfaction.
Educating customers on when they should have their cars washed may be helpful in encouraging repeat business and improving overall customer satisfaction, but it is unlikely to decrease the number of visitors to the existing site in the same way that offering free pickup and delivery would.
To know more about delivery, refer here:
https://brainly.com/question/27161343#
#SPJ11
Complete question:
One way for car washes to decrease the number of visitors to the existing site is to
a. Offer free pickup and delivery of cars to be washed.
b. Offer mobile car wash services.
c. Add more service options.
d. Increase prices to get the most out of current customers.
e. Educate customers on when they should have their cars washed.
The company's bank reconciliation at june 30 included interest earned in the amount of $150. Write down the necessary journal entry.
To record the interest earned of $150 on the company's bank reconciliation at June 30, the necessary journal entry would be: Debit: Cash $150 Credit: Interest Income $150. This journal entry reflects an increase in cash, as the company has earned interest on its bank account balance.
Additionally, it increases the Interest Income account, which is a revenue account that shows the income earned from interest on the company's bank account.
The bank reconciliation process is an important accounting procedure that ensures the accuracy and completeness of the company's bank account records. It involves comparing the company's records with the bank's records to identify any discrepancies or errors, such as outstanding checks or deposits in transit. By reconciling the bank account regularly, the company can ensure that its financial records are accurate and reliable. In this case, the company has identified that it earned $150 in interest, which was not reflected in its records. The journal entry above records this interest income and brings the company's records up to date.
To know more about bank reconciliation, visit https://brainly.com/question/29318513
#SPJ11
which term refers to a capability valued by customers that enables a firm to improve its profitability?
The answer to the question is "competitive advantage." Competitive advantage refers to a capability or set of capabilities that a firm possesses and values by its customers, which enables it to outperform its competitors and ultimately improve its profitability.
A competitive advantage can come in various forms such as technological superiority, unique product offerings, efficient supply chain management, brand recognition, and more. A firm's competitive advantage can be sustainable over time if it is difficult for competitors to replicate or imitate. It is a critical component of a firm's success as it allows them to differentiate itself in the market and attract and retain customers, ultimately leading to increased profitability.
Competitive advantage refers to a capability valued by customers that enables a firm to improve its profitability. This can include factors such as superior product quality, exceptional customer service, cost efficiency, or unique features that set the company apart from its competitors. By leveraging these strengths, a firm can gain a larger market share and increase its profitability.
Learn more about competitive advantage: https://brainly.com/question/15095207
#SPJ11
Partnerships are created when two or more individuals join to conduct business. Discuss why the percentage of each partners ownership is important and how it is used to determine the distribution of net income and net loss in future periods. Comment on two partners who own a partnership at a 50/50 split, but, where one partner does 80% of the required on-going work. Is there a way to overcome that % ownership disparity, or not? Please explain with details.
The percentage of each partner's ownership in a partnership is important because it determines the distribution of profits and losses among the partners.
It is also used to determine each partner's voting rights and their decision-making power within the partnership. In a partnership with a 50/50 split, but where one partner does 80% of the required on-going work, there are a few ways to overcome the ownership disparity. One way is to adjust the distribution of profits to reflect the partner who is doing the majority of the work. For example, the partner who does 80% of the work could receive a larger percentage of the profits. Another way to overcome this disparity is to restructure the partnership agreement to include a salary for the partner who is doing the majority of the work. This would compensate them for their additional efforts and could also help to maintain a sense of fairness within the partnership. Ultimately, it is important for partners to communicate openly and honestly about their contributions and expectations within the partnership to ensure that it remains successful and equitable for all parties involved.
Learn more about compensate here:
https://brainly.com/question/30155815
#SPJ11
if the professor were to make a single trip to all three and allocate the costs equally among the hosts, is this in the anti-core? explain.
In game theory, the anti-core is a solution concept in cooperative games. The anti-core is the set of all imputations that are not in the core of the game.
An imputation is a payoff vector that allocates a payoff to each player, and the core is a set of imputations where no group of players can improve their payoffs by forming a coalition and deviating from the current allocation.
If the professor were to make a single trip to all three hosts and allocate the costs equally among them, the resulting payoff vector would be an imputation. However, whether this imputation is in the anti-core or not depends on the preferences and strategies of the players involved.
To determine whether this allocation is in the anti-core or not, we would need to consider all possible coalitions that could form among the three hosts, and whether any of these coalitions could improve their payoff by deviating from the proposed allocation.
If no coalition can improve their payoff, then the allocation is in the core and hence also in the anti-core. If at least one coalition can improve their payoff, then the allocation is not in the anti-core.
To know more about game theory refer to-
https://brainly.com/question/30999858
#SPJ11
Hi, the company being looked at is Micosoft. Please use their annual report to answer questions 8&9. 8) Liabilities a. Analyze your company's liability section of the comparative balance sheets. Has the composition of current and long-term liabilities changed significantly over the period? b. What types of long-term debt does your company have outstanding? What interest rates are being paid on long-term debt? (This information is available in the footnotes to the financial statements.) 3 c. What payments must be made on long-term debt and other long-term commitments over the next two years? (This information is available in the footnotes to the financial statements.) Does it appear that the company will be able to meet its obligations with cash generated from operations? (You can find Cash from operating activities on the Statement of Cash Flows.) 9) Stockholder's Equity a. How many shares of common stock are authorized? How many shares were issued? How many shares were outstanding? Explain what authorized, issued, and outstanding mean. b. Did the company pay any dividends on its common stock in the past two years? c. Did the company issue any new stock? Did the company buy back any shares of stock (treasury stock)? Part III- Use the Form 10-K (Annual Report) to answer the following questions. (30 points) This section requires that students use their Annual Reports and knowledge from class to answer several questions. Some of the questions might not apply to your company. Please be sure to check carefully before you decide that an item is not applicable. If you are unsure, please ask me! 1 Answers must be in complete sentences and/or paragraphs. Yes, or No is not an acceptable answer. Also, please be sure to carefully cite your sources. It is not acceptable to cut and paste from the Annual report without a citation. Where it is necessary to quote brief citations, you should use quotation marks. You should always reference where you obtained the material, for example: General Motors, 2021 Annual Report page 63
suppose the federal government contemplates a new law that would create a national minimum wage of $15.00 per hour. which of the following statements are true? check all that apply.
In this labor market, a minimum wage of $11.50 would be binding. If the minimum wage is set at $15.00, the market will not reach equilibrium.
In the absence of price controts, a surplus puts downward pressure on wages until they fall to the equilibrium. Binding minimum wages couse structural unemployment.
In this labor market, a minimum wage of $11.50 would be binding. If the minimum wage is set at $15.00, the market will not reach equilibrium. Binding minimum wages cause structural unemployment.
In this labor market, a minimum wage of $11.50 would not be binding since the proposed minimum wage is $15.00 per hour. If the minimum wage is set at $15.00, the market may not reach equilibrium as it could potentially result in a surplus of labor and decrease the demand for workers. In the absence of price controls, a surplus puts downward pressure on wages until they fall to equilibrium. Binding minimum wages, such as a $15.00 minimum wage, can cause structural unemployment if they are set above the market equilibrium wage.
Learn more about the market here: brainly.com/question/13414268
#SPJ11
144) Dr. Frankenstein owns a robot factory, which employs both robots (capital) and engineers (labor) to produce monsters. The marginal product of robots is MPK = 20 - L and marginal product of labor is MPL = 50 - 3L where L is the number of engineers. Suppose the price of robots is $1000 and the wage of engineers is $2000. How many engineers will be employed by Dr. Frankenstein? a) 8 engineers b) 10 engineers c) 12 engineers d) 15 engineers
Dr. Frankenstein will employ 10 engineers,
So, the correct answer is B.
How to find the number of engineersIn order to determine the number of engineers Dr. Frankenstein will employ, we must first find the point where the marginal rate of technical substitution (MRTS) is equal to the ratio of input prices. The MRTS is given by the formula:
MRTS = MPK/MPL.
Using the given equations for MPK and MPL, we have MRTS = (20 - L) / (50 - 3L).
Now, we need to find the ratio of input prices: (Price of robots) / (Wage of engineers) = $1000/$2000 = 1/2.
Next, we set the MRTS equal to the input price ratio: (20 - L) / (50 - 3L) = 1/2.
To solve for L, we can cross-multiply and simplify:
2(20 - L) = 50 - 3L
40 - 2L = 50 - 3L
L = 10
Hence, It making the answer choice (b) 10 engineers.
Learn more about the MRTS at
https://brainly.com/question/30540898
#SPJ11
You are looking at a lease on a 2020 Chevy Impala. The lease is for 36 months with a 4.9% annual interest rate. You must pay $3,025 immediately at signing and monthly payments starting one month after signing. The monthly lease cost is $500. At the end of the lease you have to pay a termination fee of $2,000. What is the equivalent monthly cost of the lease? What is the most you should be willing to pay today to get the same car for 36 months?
Equivalent monthly cost $363.35 per month & is the most you should be willing to pay today to get the same car for 36 months is $17,568.68.
The equivalent monthly cost of the lease can be calculated using the formula for present value of an annuity: PMT x [(1 - (1 + r/n)^(-nt))/ (r/n)], where PMT is the monthly lease cost, r is the annual interest rate, n is the number of times the interest is compounded in a year (in this case, monthly), and t is the number of years (in this case, 3 years).
Using these values, we get:
PMT = $500
r = 4.9%
n = 12
t = 3 years
Equivalent monthly cost = $500 x [(1 - (1 + 0.049/12)^(-12*3))/ (0.049/12)]
= $500 x 26.1609
= $13,080.45 ÷ 36
= $363.35 per month
To calculate the most you should be willing to pay today to get the same car for 36 months, we need to find the present value of the lease payments and the termination fee.
Present value of lease payments = $500 x [(1 - (1 + 0.049/12)^(-12*3))/ (0.049/12)] x [(1 + 0.049/12)^(-1)]
= $13,080.45
Present value of termination fee = $2,000 x [(1 + 0.049/12)^(-36)]
= $1,463.23
Total present value = $13,080.45 + $1,463.23 + $3,025
= $17,568.68
Learn More about monthly cost here :-
https://brainly.com/question/31143715
#SPJ11
The following transactions are for Blossom Company.
1. On December 3, Blossom Company sold $400,000 of merchandise to Crane Co. on account. The cost of the merchandise sold was $264,000.
2. On December 8, Crane Co. returned $20,000 of merchandise purchased on December 3. The cost of the goods was $12,800.
3. On December 13, Blossom Company received the balance due from Crane Co.
On December 3, Blossom Company had a transaction where they sold $400,000 worth of merchandise to Crane Co. on the account. The merchandise's cost was $264,000. Then, on December 8, Crane Co. returned $20,000 worth of merchandise.
That was purchased on December 3, and the cost of the merchandise was $12,800. Finally, on December 13, Crane Co. paid the balance due to Blossom Company. The transactions for Blossom Company involve merchandise sales and returns. On December 3, Blossom Company sold $400,000 worth of merchandise to Crane Co. on account, with a cost of $264,000. On December 8, Crane Co. returned $20,000 worth of merchandise, originally purchased on December 3, with a cost of $12,800. Finally, on December 13, Blossom Company received the balance due from Crane Co.
To know more about merchandise
https://brainly.com/question/24074118
#SPJ11
Procedural fairness pertains to a customer's perception of the benefits received compared to the costs of the inconvenience or loss.
a. true
b. false
Procedural fairness pertains to a customer's perception of the benefits received compared to the costs of the inconvenience or loss.
a. true
b. false
Your answer: a. true
Procedural fairness is indeed related to a customer's perception of the fairness in the processes or procedures used to make decisions or resolve disputes.
Customers evaluate procedural fairness based on the methods and policies in place, as well as the interactions with the organization.
In this context, customers assess whether they receive appropriate benefits compared to the costs or inconveniences they may experience.
To break down the concept further, consider these steps:
1. A customer interacts with a company and experiences a situation that requires a decision or resolution.
2. The company uses its established procedures to address the issue, which could include policies, protocols, and communication methods.
3. The customer evaluates the fairness of these procedures by comparing the benefits they receive (e.g., a refund, solution, or explanation) to the costs they experience (e.g., time spent, effort, or loss).
When a customer perceives the company's procedures as fair and just, it can enhance their overall satisfaction and build trust in the organization.
Therefore, ensuring procedural fairness is crucial for businesses to maintain positive customer relationships and a strong reputation.
To know more about fairness pertains refer here
https://brainly.com/question/15831640#
#SPJ11
which of the following questions is a topic that would be studied by microeconomics? why did production and the number of jobs shrink in 2009? will the current budget deficit affect the well-being of the next generation? how will a lower price of digital cameras affect the quantity of cameras sold? what is the current unemployment rate in the united states?
The question "how will a lower price of digital cameras affect the quantity of cameras sold?" is a topic that would be studied by microeconomics.
Microeconomics is the study of individual economic behavior and decision-making, including how prices and supply and demand affect consumer behavior. In this case, the question is specifically looking at how a change in price (lower price of digital cameras) will affect the quantity demanded (number of cameras sold), which is a fundamental concept of microeconomics.
In contrast, the other questions are more focused on macroeconomic topics. The question about production and jobs shrinking in 2009 is related to the overall state of the economy, while the question about the budget deficit and well-being of future generations also involves macroeconomic factors such as government spending and economic growth. The question about the current unemployment rate in the United States is also a macroeconomic indicator.
Therefore, the question about the impact of lower camera prices on demand is the one that falls under the scope of microeconomics.
Learn more about microeconomics here:
https://brainly.com/question/28489802
#SPJ11
Rufus is a one-quarter partner in the Adventure Partnership. On January 1 of the current year, Adventure distributes $14,500 cash to Rufus in complete liquidation of his interest. Adventure has only capital assets and no liabilities at the date of the distribution. Rufus’s basis in his partnership interest is $20,050.
a. What is the amount and character of Rufus’s recognized gain or loss?
b. What is the amount and character of Adventure’s recognized gain or loss?
c. If Rufus’s basis is $10,300 at the distribution date rather than $20,050, what is the amount and character of Rufus’s recognized gain or loss?
a. Rufus's recognized gain or loss is calculated by subtracting his basis in the partnership interest from the amount he received in the distribution. In this case, Rufus received $14,500 in cash, which is less than his basis of $20,050. As a result, he will recognize a loss of $5,550.
b. Adventure will not recognize any gain or loss on the distribution since it only consists of capital assets and has no liabilities. The distribution of $14,500 simply reduces the partnership's capital account balance by that amount.
c. If Rufus's basis is $10,300 at the distribution date, his recognized gain or loss will be different. Rufus will still receive $14,500 in cash, but his basis in the partnership interest is only $10,300. Therefore, he will recognize a gain of $4,200 ($14,500 - $10,300). This gain will be treated as a long-term capital gain since Rufus held his partnership interest for more than one year.
Overall, it is important to understand the tax implications of partnership distributions, as they can result in either gains or losses for the partners involved. The basis of the partnership interest plays a crucial role in determining the character and amount of any recognized gain or loss.
To know more about long-term capital visit -
brainly.com/question/30872651
#SPJ11
two bottles of body wash sit side-by-side in a grocery store: olay (a brand name) sells for $6.00, while up and up (not a brand name) sells for $3.00. even defenders of brand names would have to admit thata.no rational consumer would spend twice as much for olay as she would for up and up.b.the side-by-side presence of these two body washes conveys no useful information to consumers.c.olay has no incentive to maintain the quality of its product just because of the olay brand name.d.none of the above is correct.
The correct answer is A. No rational consumer would spend twice as much for Olay as she would for up and up.
While it is true that Olay costs twice as much as Up and Up, this doesn't mean that no rational consumer would choose Olay. Brand names may offer better quality or specific features that justify the price difference. The presence of both body washes in the store provides consumers with options and allows them to make informed decisions based on their preferences and budget. Lastly, Olay has an incentive to maintain its product quality to uphold its brand reputation and customer loyalty.
Visit here to learn more about consumer brainly.com/question/15869639
#SPJ11
1 High transportation costs are a disadvantage for companies that Multiple Choice a. ship component parts b. ship large, bulky products. c. are service based. d. produce and ship products regionally. e.use customization to coordinate the economic, social, and foreign policy of the member
High transportation costs are a disadvantage for companies that b. ship large, bulky products.
The correct answer is b. High transportation costs are a disadvantage for companies that ship large, bulky products. This is because the cost of transporting these products over long distances can be very high due to the size and weight of the items. For companies that ship component parts or produce and ship products regionally, transportation costs may still be a factor, but they are typically lower than for companies that ship large, bulky products. Service-based companies may not be affected as much by transportation costs since they do not typically rely on physical products for their business. The term "use customization to coordinate the economic, social, and foreign policy of the member" is not related to the question and therefore not applicable to the answer.
Learn more about companies here:-
https://brainly.com/question/30532251
#SPJ11
watch the following video. to doug radi, vice president of marketing for rudi's organic bakery, communication is critical and it must be simple. using the example of a complex project he had to pitch to department heads at rudi's, radi discusses why it's vital to be able to break down your message into three key points. answer the multiple choice questions that appear after the video
Radi emphasizes the significance of simplicity and effective communication by breaking down messages into three key points, ensuring that the main ideas are clearly conveyed and understood
Doug Radi, the Vice President of Marketing for Rudi's Organic Bakery, believes that communication is crucial and should be kept simple.
He emphasizes the importance of breaking down complex messages into three key points when presenting them to department heads or any audience.
By condensing the message into three key points, it becomes easier for the audience to understand and remember the main ideas. This approach helps to maintain clarity and prevents the message from becoming overwhelming or confusing.
When pitching a complex project or any important information, Radi suggests selecting the three most critical aspects or ideas and focusing on them. By doing so, the audience can grasp the main points effectively, increasing the chances of successful communication and alignment.
The three key points should be concise, impactful, and reflect the core message of the project or topic at hand. This approach allows for better engagement and retention among the audience.
Overall, Radi emphasizes the significance of simplicity and effective communication by breaking down messages into three key points, ensuring that the main ideas are clearly conveyed and understood.
Learn more about effective communication: brainly.com/question/1285845
#SPJ11
what is the price of a european put option on a stock when the stock price is $69, the strike price is $70, the risk-free rate is 5%, the volatility is 35%, and the time to maturity is 6 months? (at least 2 decimal places)
The price of a European put option on a stock is influenced by various factors, including the stock price, strike price, risk-free rate, volatility, and time to maturity.
In this case, the stock price is $69, the strike price is $70, the risk-free rate is 5%, the volatility is 35%, and the time to maturity is 6 months. Using the Black-Scholes option pricing model, the price of the put option can be calculated. The price of the put option comes out to be $3.58 (rounded to 2 decimal places).
This implies that the option buyer can sell the stock at $70 in 6 months, even if the stock price falls below that level, by paying a premium of $3.58. The put option can be used as a hedging tool to mitigate the downside risk of the stock.
For more about volatility:
https://brainly.com/question/29394588
#SPJ11