the new National Minimum Wage for South Africa has been made public by the Department of Employment and Labour. Starting on March 1st, 2023, the current minimum wage of R23,19 per hour will increase to R25,42 per hour (an increase of around 9,6%).
The minimal amount of compensation that an employer is compelled to pay wage earners for the job completed during a particular period, which cannot be reduced by a collective agreement or an individual contract, is referred to as the "minimum wage."The South African government may impose penalties on employers who fail to pay the minimum wage. If a defined weekly wage is used, the monthly wage is multiplied by 4.33. If an hourly rate is specified, it is computed as 4.33 times the weekly average.
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If you were seleted for this position, how quickly would you be able to start?*
If I were selected for the position, I would be able to start immediately, provided that all the formalities have been completed and all the requirements have been fulfilled.
As a responsible individual, I would like to make sure that I do not leave my current employer stranded and would provide them with adequate notice as required. I believe in fulfilling my professional obligations and would like to do the same in my current position. I would work with my current employer to ensure that I am released from my current position in a professional and amicable manner. This would include ensuring that all my work is up-to-date and handing over my responsibilities to my successor in a systematic and thorough manner.
Once the notice period is over and all the formalities have been completed, I would be able to start working in my new position. I understand the importance of being punctual and professional and would make sure that I arrive at work on time and fulfill all my responsibilities to the best of my abilities. I believe in teamwork and would work closely with my colleagues to ensure that the objectives of the organization are met.
In conclusion, if I were selected for the position, I would be able to start immediately, provided that all the formalities have been completed and all the requirements have been fulfilled. I would work with my current employer to ensure that I am released from my current position in a professional and amicable manner and would arrive at work on time and fulfill all my responsibilities to the best of my abilities.
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The following data describes weekly gross revenue ($1000s), television advertising expenditures (1000s), and newspaper advertising expenditures (1000s) for Showtime Movie Theaters.
Weekly Gross Television Newspaper
Revenue Advertising Advertising
(1000s) (1000s) (1000s)
99 5.0 1.5
90 2.0 2.0
95 4.0 1.5
92 2.5 2.5
95 3.0 3.3
94 3.5 2.3
94 2.5 4.2
94 3.0 2.5
a. Find an estimated regression equation relating weekly gross revenue to television advertising expenditures and newspaper advertising expenditures (to 2 decimals).
The estimated regression equation relating weekly gross revenue to television advertising expenditures and newspaper advertising expenditures is: Weekly Gross Revenue = 98.58 + 13.01 - 2.25 = 109.34.
What is regression equation ?
To find the estimated regression equation relating weekly gross revenue to television advertising expenditures and newspaper advertising expenditures, we need to perform multiple linear regression. Here, we have two independent variables, namely television advertising expenditures and newspaper advertising expenditures, and one dependent variable, namely weekly gross revenue. The multiple regression equation is of the form:
Y = b0 + b1X1 + b2X2
where Y is the dependent variable, X1 and X2 are the independent variables, b0 is the intercept, b1 is the regression coefficient for X1, and b2 is the regression coefficient for X2.
Using software or a calculator that performs multiple linear regression, we can obtain the following estimated regression equation, rounded to 2 decimal places:
Y = 98.58 + 13.01X1 - 2.25X2
Therefore, the estimated regression equation relating weekly gross revenue to television advertising expenditures and newspaper advertising expenditures is:
Weekly Gross Revenue = 98.58 + 13.01(Television Advertising Expenditures) - 2.25(Newspaper Advertising Expenditures)
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1. Should you have a separate checking and saving account?
Back when interest rates were high, I had just one account. I had a money-market checking account that offered good interest rates and unlimited check writing. But those days are long gone.
I want as high an interest rate as I can get for my savings. In order to get those rates, I am using a money-market savings account. All such accounts I’ve seen restrict the number of transactions I can make in a month. I need to be able to pay bills, no matter how many of them there are — and I never ever want to pay fees for excess transactions!
So I have a separate checking account. It pays less than half the interest rate of my savings account, but I can make as many transactions as I want. The bank offers a bill pay application that I use for most payments, and I can write as many checks as I want to. I can transfer money between the accounts quickly.
The allocation rule of "first come-first served" promotes productive cooperation. true false
You are an outside project management professional who has been hired by Mainstreet to lead its new Wingra Point Live Work development. You are given an approved vendor list and access to the shared drive containing project templates. You are also introduced to the company’s standard processes and procedures and the submission and approval protocols. What type of project inputs do these elements represent? Project collateral Operational Process Assets (OPAs) EEFs Enterprise assets
These elements represent organizational process assets, which are documents, reports, and plans that are developed within an organization and used to guide project decisions and activities.
What type of project inputs do these elements represent?Generally, Project management is the process of leading a team to achieve specific goals and objectives within a defined timeline and budget. It involves defining project scope, setting goals and milestones, identifying tasks and responsibilities, tracking progress, and making adjustments as needed to ensure successful completion. Key skills in project management include leadership, organization, communication, problem-solving, and time management.
These assets include policies, procedures, guidelines, templates, and historical information that can be used to inform project management decisions and activities.
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How and why would the accounting profession use the results of behavioural research in accounting
Answer:
Behavioral accounting is a subset of accounting that, in addition to accounting expertise, is concerned with behavior. It is concerned with people's attitudes and behaviors when confronted with an accounting phenomenon, which defines the actions that they will exhibit in decisionmaking. This accounting specialization addresses issues such as human informationprocessing activity, judgement accuracy, accounting problems caused by accounting information users and suppliers, and accounting information users' and producers' decisionmaking skills.
Behavioral psychology seeks to understand how people make choices, communicate with others, and affect economies and societies. The impact of accounting knowledge on conduct, administrative management (budget engagement, nonfinancial interventions, leadership, and balanced scorecard), auditing (auditorclient negotiations, auditor's judgement, and decisionmaking), and ethics (ethical decisionmaking, ethical orientation, and rationalizations for unethical behavior) are all included under the Behavioral accounting definition.
The accounting profession use the results of behavioural research in accounting so that they can understand the behaviour of different entities like a consumer or a retailer and use that in the accounting so that it can help in making a better conclusion.
What is research ?Research is a defined as the whole process of making hypothesis, collection of data; and analysis and interpretation of that data/information, in accordance with suitable methodologies and drawing the conclusion.
Behavioral research tries to find out how individuals make decisions, interact and influence other individuals, organizations, markets, and society. Behavioral research about individuals like consumers is used in accounting to analyze and study about the outcome or result like profits.
So we can say that behavioural research plays an important role in analyzing the data and for drawing the conclusion in accounting.
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The ____ major responsibility for keeping all dishes and utensils sanitary
The complete statement is "The food handler's major responsibility for keeping all dishes and utensils sanitary"
Who is a food handler?Generally, A person is considered to be a food handler if they directly touch food, whether it be packaged or unpackaged, as well as the apparatus and utensils used to make or serve food, and/or the surfaces where food is prepared or served.
In conclusion, The whole statement reads as follows: "The food handler has the primary responsibility for maintaining the cleanliness of all dishes and utensils."
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Leslie was born on September 12, 2002. When will Leslie be able to purchase alcohol?
Leslie was born on September 12, 2002. When will Leslie be able to purchase alcohol? In most countries around the world, the legal drinking age is 18 years old or above. In the United States of America, it is 21 years old.
Leslie, born in 2002, is currently 19 years old. This implies that Leslie can purchase alcohol if she resides in a country where the legal drinking age is 18 years or above.
A few countries, such as Italy, allow 16-year-olds to drink beer or wine with a meal if they are accompanied by an adult.
However, these laws vary from one country to another, and the safest bet is to look up the drinking laws in your specific country or region to learn more about legal drinking ages.
Alcohol is harmful when consumed in excessive quantities, causing mental and physical problems.
Thus, it is critical to consume alcohol responsibly, regardless of the legal drinking age in one's region. If Leslie chooses to drink alcohol, she should only do so in moderation and not become addicted to it.
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Wilturner Company incurs $80,000 of labor related directly to the product in the Assembly Department, and $29,000 of labor related to the Assembly Department as a whole, and $16,000 of labor for services that help production in both the Assembly and Finishing departments. The amount of direct labor and factory overhead respectively are:________
Answer:
Direct labor = $80,000Factory Overhead = $29,000Explanation:
Direct labor is the cost of labor that was involved in the actual production process.
Factory overhead is the labor that was involved in the production but not directly involved.
Direct labor here is therefore the $80,000 that was directly related to the product.
Factory overhead is the $29,000 that was related to the Assembly department as a whole.
A reporting relationship in which an employee receives orders from, and reports to only one supervisor is known as:
Answer:
According to the concept of unity of command, each level of the organizational hierarchy has only one supervisor who is responsible for each employee. This holds true even if a collection of individuals leads the organization's top. Consider being the CEO of a Silicon Valley-based technology company as an illustration. While the board of directors of your company oversees policy-making and strategic planning, you solely report to the chairman of the board in accordance with the unity of command principle. however, have a supervisor for your unit who reports to her department manager. The vice president of operations, who reports to the CEO, is the department manager's superior. The board of directors' chairman is the CEO's subordinate.
Answer:
unity of command
Explanation:
Being accountable and answerable to more than one supervisor is never liked by the employees. Unity of Command is the one business management theory that resolves this issue.
According to the Principle of Unity of Command, there shouldn’t be a group of supervisors for a single subordinate or a single team working for a company.
For example, the HR team of a company will have just one supervising head instead of two or three to have an orderly set up in the work atmosphere. With the help of the Unity of Command principle, there is a proper hierarchy that is set in the company.
Keyser Mining is considering a project that will require the purchase of $980,000 in new equipment. The equipment will be depreciated straight-line to a zero book value over the 7-year life of the project. The equipment can be scraped at the end of the project for 5 percent of its original cost. Annual sales from this project are estimated at $420,000. Net working capital equal to 20 percent of sales will be required to support the project. All of the net working capital will be recouped. The required return is 16 percent and the tax rate is 35 percent. What is the amount of the after-tax salvage value of the equipment?
A. $17,150
B. $31,850
C. $118,800
D. $237,600
E. $343,000
The amount of the after-tax salvage value of the equipment is $31,850. Option B
How to find the amount of the after-tax salvage value of the equipment?To determine the after-tax salvage value of the equipment, we need to calculate the salvage value at the end of the project and then apply the tax rate.
Therefore, the salvage value is:
Salvage Value = 5% of $980,000
= 0.05 * $980,000
= $49,000
The tax rate is given as 35 percent, so we can calculate the after-tax salvage value as:
After-Tax Salvage Value = Salvage Value - Tax on Gain
= $49,000 - (Tax Rate * Gain)
= $49,000 - (0.35 * $49,000)
= $49,000 - $17,150
= $31,850
Therefore, the amount of the after-tax salvage value of the equipment is $31,850.
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You are going on a trip and your neighbor agrees to let your dog stay with him. Your dog ends up destroying your neighbors carpet. What insurance covers this?
answer: home owners insurance
In this scenario, the insurance coverage that may apply to the damage caused by your dog to your neighbor's carpet is called "liability insurance" or "personal liability coverage."
Liability insurance typically provides coverage for accidental damages or injuries caused by you, your family members, or your pets to others or their property.
In the given situation, if you have liability insurance as part of your homeowners or renters insurance policy, it may cover the cost of repairing or replacing your neighbor's damaged carpet. Liability insurance is designed to protect you from financial responsibility for unintentional damages or injuries that you or your property may cause to others.
It's important to review your insurance policy or contact your insurance provider to determine the specific coverage and limits of your liability insurance. They can guide you through the claims process and provide more detailed information on how your policy covers incidents involving damage caused by your dog.
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Teecorp Company provides the following ABC costing information: Activities Total Costs Activity-cost drivers Labor $320,000 8,000 hours Gas $36,000 6,000 gallons Invoices $40,000 2,500 invoices Total costs $396,000 The above activities used by their three departments are: Lawn Department Bush Department Plowing Department Labor 2,500 hours 1,200 hours 4,300 hours Gas 1,700 gallons 800 gallons 3,500 gallons Invoices 1,600 invoices 400 invoices 500 invoices How much of the labor cost will be assigned to the Bush Department
Answer:
7000,000
Explanation:
Suppose the CPI was 110 last year and is 121 this year.
Instructions: In part a, enter your answer as a whole number. In part b, round your answer to 1 decimal place. If you are entering any negative numbers be sure to include a negative sign (-) in front of those numbers.
a. What is this year’s inflation rate?
____ %
b. In contrast, suppose that the CPI was 110 last year and is 108 this year. What is this year’s inflation rate?
____ %
c. What term do economists use to describe this second outcome?
Inflation or Deflation
The inflation rate is 10%, which can be computed the second answer is -1.8%. third outcome called deflation.
How to calculate CPI?a) The formula to CPI is
\(CPI= \frac{current CPI-past CPI}{past CPI}\)
\(CPI= \frac{121-110}{110}\)
CPI= 0.1 or 10%
b) \(CPI= \frac{current CPI-past CPI}{past CPI}\)
\(CPI= \frac{108-110}{110}\)
CPI= -0.18%
A decrease in the economy's overall price level is referred to as deflation, whereas a temporary slowdown in price inflation is known as disinflation. A decrease in the money supply, reductions in government and consumer expenditure, and reductions in corporate investment can all contribute to deflation, which is bad for an economy.
A progressive drop in consumer prices for products and services is known as price deflation. This is frequently brought on by the deflationary gap, also referred to as the demand gap, which is characterized by high supply and low demand. Consumers and businesses hold on to their money rather than spending it because they anticipate a decrease in pricing.
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PEZ Candy Inc. produces the popular small candy that is dispensed in collectible flip-top dispensers. In the United States, PEZ candies are produced in a factory in Connecticut. Over 3 billion of the small brick-shaped candies are consumed in the U.S. each year. PEZ candy is made from sugar, fruit flavoring, coloring, and corn syrup; the ingredients are put under pressure to form the hard tablets. About 95% of a PEZ tablet is sugar. The Connecticut location also houses PEZ's US headquarters and the PEZ Visitor Center. The Visitor Center offers birthday parties that include a staff member to host the party, goodie bags, pizza, soft drinks, and other options. When a family wants to have a birthday party, the family will work with PEZ staff to customize the birthday party.
1. Would PEZ Candy Inc. be more likely to use job costing or process costing for the manufacture of its PEZ candies? Why?
2. Give an example of each of the following types of costs that PEZ Candy Inc. would be likely to incur in the manufacture of its PEZ candies:
a. Direct material
b. Direct labor
c. Manufacturing overhead
i. Indirect materials
ii. Indirect labor
iii. Other manufacturing overhead
3. Would PEZ Candy Inc. be more likely to use job costing or process costing to calculate the cost of one particular birthday party hosted at the PEZ Visitor Center? Why?
Answer:
PEZ Candy Inc.
1. PEZ Candy Inc. would be more likely to use process costing for the manufacture of its PEZ candies.
The reason is that the manufacturing of candies involves continuous processing of materials that results into candies. The processes are not customizable for separate orders.
2. PEZ Candy Inc. would incur these types of costs in the manufacture of its PEZ candies:
a. Direct material = sugar
b. Direct labor = wages of factory workers
c. Manufacturing overhead = utilities expenses
i. indirect materials = cleaning supplies
ii. indirect labor = factory supervisor's salary
iii. other manufacturing overhead = depreciation expense of factory equipment
3. PEZ Candy Inc. would be more likely to use job costing to calculate the cost of one particular birthday party hosted at the PEZ Visitor Center. The reason is that it is a specific event. It does not involve a continuous process.
Explanation:
a) Data and Calculations:
Materials for PEZ candy include:
Direct materials:
Sugar (95%)
Fruit flavoring
Coloring
Corn syrup
Product = PEZ candies
Services: customized birthday parties
Identify whether the following transactions are primary market or secondary market transactions. a. You buy 855 shares of ABC Co. through your brokerage account. b. You buy $5,801 of XYZ Co. bonds from another investor. c. M
Answer:
The answer is:
A - Secondary market
B - Secondary market
Explanation:
Primary market is when a share is brought directly from a company through its Initial Public Offering. It is from the company directly to the investors WHILE secondary market is when an investor buys already issued shares from another investor or from a dealer.
A - Secondary market
B - Secondary market
Sample
is the number of people questioned for a survey.
Answer: could you add the picture of the survey
Explanation:
Explain the economic of scale
Answer:
Economies of scale are cost advantages reaped by companies when production becomes efficient. Companies can achieve economies of scale by increasing production and lowering costs. This happens because costs are spread over a larger number of goods.
Explanation:
Suppose you are a costume manufacturer. You have been producing more products than needed in the summer, so that you would have enough inventory to meet the demand in October. In this scenario, you would be using which of the following strategies to meet market demand?
a. Level strategy
b. Chase strategy
c. Hyper strategy
d. Buffer strategy
Option a is Correct. Consider that you produce costumes. In order to have adequate inventory to fulfill demand in October, In this case, you would be utilizing the Level method to satisfy consumer demand.
You have been creating more products than necessary over the summer. Business-level strategies look at how businesses compete in a certain sector. Executives at companies decide if their source of competitive advantage is based on pricing or distinctiveness, and whether their operational focus is on a wide or narrow market, which results in the development of such strategies.
The corporate level, the business level, and the functional level are the three levels at which strategy can be created. The corporate level is where your organization's overall strategy is developed. Corporate strategy involves choices.
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Dream, Inc., has debt outstanding with a face value of $6 million. The value of the firm if it were entirely financed by equity would be $18.25 million. The company also has 440,000 shares of stock outstanding that sell at a price of $32 per share. The corporate tax rate is 35 percent. What is the decrease in the value of the company due to expected bankruptcy costs
The decrease in the value of the company due to expected bankruptcy costs is $270,000.
The formula for value of the levered firm according to M&M Proposition I with taxes is {VL= VU + tCB}
VL= $18,250,000 + 0.35*($6,000,000)
VL= $18,250,000 + $2,100,000
VL= $20,350,000
Generally, the market value of the firm equals market value of the debt and market value of the equity.
The formula for the total market value of the firm is V = B + SV = $6,000,000 + 440,000*($32 per share)
V = $20,080,000
The decrease in the value of the company due to expected bankruptcy costs will be derived as follows:
VT = VM+ VN
$20,080,000 = $20,350,000 – VN
– VN = $20,080,000 - $20,350,000
VN = $270,000
Therefore, the decrease in the value of the company due to expected bankruptcy costs is $270,000.
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Look at the table income expenditure equilibrium. If the real GDP is 1000, then the
If the real GDP is 1000 then the planned investment spending will be 250 which is 1/4 of real GDP.
What is real GDP?
The total market value of all the goods and services sold within a nation's borders over a specific time span is known as the gross domestic product, or GDP. Services are measured by real Income. Real GDP is a macroeconomic metric that accounts for inflation and measures the value of the goods and services produced by an economy over a given time span. A measure of economic output known as real gross domestic product (GDP) takes inflation or deflation into consideration.
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Joseph and Krystal are part of your social group. They joined Missile’s Financial Services together as middle managers. Each one, reports to a different senior manager. These senior managers report to the Managing Director. Once a month after payday, Joseph, Krystal and other members of the social group all try to have lunch together.
Joseph is very distressed. ‘I’ve had an awful week and this morning was the worst!’ He recounts what happen between himself and Nicholas, his manager.
‘Nicholas and I were to meet with a new supplier to finalize a contract. I have been dealing with the supplier all this time, over two and a half months and we just needed to finalize the costing. We had reached an agreement about the cost that both of us were comfortable with. For the past two weeks, I have been trying to get Nicholas to look at the contract and agree the figures etc. We really need this guy’s company. They are fast and have a great reputation for products and services. The price is good and they are willing to customize the stationary, with no additional cost to us. Anyway, Nicholas was always too busy to meet. I emailed him the contract and my teams thoughts on how we should proceed hoping he would read it.’ My team consists of the Accounts/Finance Manager, Inventory Manger, Legal, Research & Development, Public Relations Manager and I, and we meet at different times and days, whether collectively or selectively.
‘Anyway we, Nicholas and I, met with the supplier this morning. We are going through the contract, the next thing I know Nicholas says, ‘This won’t work for us. The cost is too high. Where did these calculations come from?’ ‘If the floor had opened up and swallowed me I could have not been more embarrassed. I mean I spent three weeks, working on it with the team Accounting, PR and Legal! Joseph shaking his head continued, ‘he just took over the conversation. I mean we got the contract signed but in the end all that happened was that the figures were rearranged we still end up paying the same.’ ‘I am tired of this foolishness. He stays locked in his office on his cell every day. Only God knows what he does in there.’
1. Do you believe that Nicholas is an unethical manager? Justify your response by choosing one of the ethical decision making concepts outlined in unit 2 to argue/support your writing.
2. From the chosen ethical decision making concept selected by you in question 1, show its relationship to any one of the variables in an analytical tool, outlined in unit 1, read.
1. Based on the information provided, it is not possible to ascertain whether Nicholas is an unethical manager. However, Joseph’s account of the situation raises some red flags about Nicholas’ behavior.
2. The chosen ethical decision-making concept is fairness, which is one of the key ethical principles in business.
1. Based on the information provided, it is not possible to ascertain whether Nicholas is an unethical manager. However, Joseph’s account of the situation raises some red flags about Nicholas’ behavior. It appears that Nicholas did not take the time to review the contract or the team’s thoughts, but still took over the conversation with the supplier and changed the figures. This behavior could be seen as a violation of the ethical principle of fairness, which involves treating others in a reasonable, equitable, and impartial way. Nicholas’ actions suggest that he did not give due consideration to the team’s input or their efforts to finalize the contract, which could affect their working relationship and trust in him as their manager.
2. The chosen ethical decision-making concept is fairness, which is one of the key ethical principles in business. Fairness is based on the idea of treating all stakeholders equitably and impartially, taking into account their needs, interests, and perspectives. In this case study, Nicholas’ actions appear to violate the principle of fairness by disregarding the efforts of Joseph and his team to finalize the contract, and making unilateral changes without adequate review or discussion.
To analyze this situation using an analytical tool, we can use the Stakeholder Mapping tool, which helps to identify and categorize stakeholders based on their level of interest and power. In this tool, stakeholders are divided into four categories: High power/high interest, High power/low interest, Low power/high interest, and Low power/low interest. In this case, Joseph and his team are the stakeholders with high power and high interest in the situation, as they are responsible for finalizing the contract.
Using the Stakeholder Mapping tool, we can see that Nicholas’ actions have the potential to undermine the trust and collaboration of high power/high-interest stakeholders, who are critical to the success of the project. Specifically, his actions may cause frustration, resentment, and loss of confidence in his management ability. This could result in a breakdown of communication and cooperation, which would ultimately affect the team’s performance and the overall success of the project. Therefore, it is important for Nicholas to consider the perspectives and input of all stakeholders, including those with high power and high interest, when making decisions that affect them. By doing so, he can ensure that his decisions are ethical, fair, and aligned with the needs of all stakeholders.
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what is the real name of rocky
What describes the relationship between edge computing
and Cloud computing?
The relationship between Edge computing and cloud computing is a that edge computing is a subsection of cloud computing. Cloud computing is about hosting applications in a core data centre whlie edge computing is about hosting applications closer to end users either in smaller edge data centres.
What is computing?Computing can be defined as the use of a computer to process data or perform calculations. Computing may encompass the design and development of software and hardware systems for a broad range of purposes often structuring processing and managing any kind of information
Therefore edge computing is a subsection of cloud computing
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Neil and John both need $20,000 to clear off a mortgage payment after 10 years. Neil invests $15,000 at 3 percent per annum of simple interest for 10 years, and John invests $15,000 at 3 percent compound interest compounded annually for 10 years. Who would be able to repay the amount from this investment easily?
Answer:
John
Explanation:
Neil will have the following amount after ten years.
Simple interest is calculated using the formula,
I= p x r x t
where I= interest, P= principal amount, r = interest rate, t is time
for Neil interest will be= $15,000 x 3/100 x 10
=$15,000 x 0.03 x 10
=$4500
Neil will have principal + interest amount
=$4,500 + $15,000
=$19,500
John invested in a compound interest account.
The amount after ten years will be
The formula for compound interest is
FV = PV × (1+r)^n
where FV = Future Value
PV = Present Value
r = annual interest rate
n = number of periods
After ten years, John will have
Fv= $15,000 x (1 + 3/100)^10
Fv= $15,000 x (1.03)^10
FV =$15,000 x 1.34391
Fv = $15,158.75
John will be able to clear his mortgage.
John will be able to repay the amount from this investment easier than Neil.
Because Neil has invested in simple interest, his amount at the end of 10 years will be equal to the interest earned and the principal amount.
According to the problem:
P (principal) = $15,000, I = 3%=0.03 and t =10 years
Therefore, I = P x r x t = 15,000 x 0.03 x 10 = $4,500
The amount at the end of 10 years
= principal + interest
= 15,000 + 4,500
= $19,500
On the other hand, John has invested his $15,000 in 3 percent compound interest compounded annually for 10 years.
According to the problem: P
= $15,000
I
= 3% = 0.03
n
= 10
Therefore, according to the formula
M = P( 1 + i )n where M is the final amount at the end of the term, we have
M = 15,000(1+0.03)10
= 20,158.75 (approximately).
= $20,158.75
Therefore, John will be able to repay the debt from this investment easily, because Neil is $500 short of the required amount.
For each transaction:
a. analyze the transaction using the accounting equation
b. record the transaction in journal entry form
c. post the entry using T-accounts to represent ledger accounts.
1. On May 15, DeShawn Tyler opens a landscaping company called Elegant Lawns by investing $7,000 in cash along with equipment having a $3,000 value in exchange for common stock.
2. On May 21, Elegant Lawns purchases office supplies on credit for $500.
3. On May 25, Elegant Lawns receives $4,000 cash for performing landscaping services.
4. On May 30, Elegant Lawns receives $1,000 cash in advance of providing landscaping services to a customer.
Answer:
Elegant Lawns
a. Analysis of transactions using the accounting equation:
1. May 15, Assets Cash $7,000 Equipment $3,000 Equity: Common stock $10,000
2. May 21, Assets: Office supplies $500 Liabilities: Accounts Payable $500
3. May 25, Assets: Cash $4,000 Equity: Service Revenue $4,000
4. May 30, Assets: Cash $1,000 Equity: Service Revenue $1,000
b. Journal Entries:
Date Account Titles Debit Credit
1. May 15, Assets: Cash $7,000
Assets: Equipment $3,000
Equity: Common stock $10,000
2.
May 21, Assets: Office supplies $500
Liabilities: Accounts Payable $500
3. May 25, Assets: Cash $4,000
Equity: Service Revenue $4,000
4. May 30, Assets: Cash $1,000
Equity: Service Revenue $1,000
c. T-accounts:
Cash
Date Account Titles Debit Credit
1. May 15 Common stock $7,000
3. May 25, Service revenue 4,000
4. May 30, Service revenue 1,000
Equipment
Date Account Titles Debit Credit
1. May 15 Common stock $3,000
Office Supplies
Date Account Titles Debit Credit
2. May 21, Accounts Payable $500
Common Stock
Date Account Titles Debit Credit
1. May 15 Cash $7,000
1. May 15 Equipment 3,000
Accounts Payable
Date Account Titles Debit Credit
2. May 21, Office supplies $500
Service Revenue
Date Account Titles Debit Credit
3. May 25, Cash $4,000
4. May 30, Cash 1,000
Explanation:
a) Data and Analysis with Accounting Equation:
1. May 15, Assets Cash $7,000 Equipment $3,000 Equity: Common stock $10,000
2. May 21, Assets: Office supplies $500 Liabilities: Accounts Payable $500
3. May 25, Assets: Cash $4,000 Equity: Service Revenue $4,000
4. May 30, Assets: Cash $1,000 Equity: Service Revenue $1,000
Please identify one problems from product markets and explain it solutions in business environment
Answer:
invisibility or stagnation, the solution to stagnation is making sure there is always a challenge in the job, if you choose to accept stagnation then you might turn into the blockbuster and netflix situation, if you want more info on it look up blockbuster and netflix.
Explanation:
Tim receives and reviews the results from his 360-degree feedback survey, which includes a few critical comments. How should Tim proceed?
By approaching the feedback with an open mind, self-reflection, and a proactive mindset, Tim can leverage the critical comments to enhance his personal and professional growth.
Acknowledge and accept the feedback: Tim should recognize that feedback, even if critical, is valuable for personal and professional growth. He should remain open-minded and receptive to the comments provided.
Reflect and self-assess: Tim should take time to reflect on the feedback and consider how it aligns with his own self-assessment. He can evaluate his strengths and areas for improvement based on the feedback received.
Seek clarification: If there are any comments that Tim finds unclear or wants further information about, he can reach out to the individuals who provided the feedback for clarification. This can help him gain a better understanding of the specific areas that need attention.
Develop an action plan: Tim should develop a plan to address the areas for improvement identified in the feedback. He can set specific goals and outline actionable steps to work on those areas, seeking support or resources as needed.
Seek guidance or coaching: Tim can consider seeking guidance from a mentor or coach who can provide additional insights and help him navigate the feedback. A coach can assist him in developing strategies for personal and professional development.
Monitor progress and reassess: Tim should regularly review his progress, track improvements, and reassess his performance based on the feedback received. This will allow him to continuously refine his skills and make positive changes over time.
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Sqeekers Co. issued 10-year bonds a year ago at a coupon rate of 8.2 percent. The bonds make semiannual payments and have a par value of $1,000. If the YTM on these bonds is 6.5 percent, what is the current bond price
Answer:
The current price of the bond is $1,114.47
Explanation:
The computation of the current bond price is as follows:
Here we have to applied the present value formula by putting the following information
Given that
Par value = Future value = $1,000
NPER = (10 - 1) × 2 = 18
RATE = 6.5% ÷ 2 = 3.25%
PMT = $1,000 × 8.2% ÷ 2 = 41
The formula is given below:
= -PV(RATE;NPER;PMT;FV;TYPE)
After applying the above formula, the current price of the bond is $1,114.47
Which change in the price index shows the greatest rate of inflation: 80 to 96, 100-125, or 150-180?
The price index shows the greatest rate of inflation All changes show the same rate of inflation.
The option (D) is correct.
A price index is a proportion of the proportionate, or rate, changes in a bunch of costs over the long run. A purchaser cost list (CPI) measures changes in the costs of labor and products that families consume.
A price index to expansion rates is only a rate change in a cost record. An expansion rate can be processed at any cost file involving the overall condition for rate changes between two years, whether with regards to expansion. Every day a continuous ascent in the degree of costs in an economy.
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This question is not complete, Here I am sttsching the complete question:
Which change in the price index shows the greatest rate of inflation: 80 to 96, 100-125, or 150-180? Group of answer choices
(A) 100 to 125
(B) 80 to 96
(C) 150 to 180
(D) All changes show the same rate of inflation