According to the efficient market hypothesis (EMH), the most accurate reflection of the United States economy would be "d) Semi-strong form efficiency."
The EMH is a theory that states that financial markets are efficient and that the prices of securities fully reflect all available information. The EMH distinguishes between three forms of efficiency: weak, semi-strong, and strong.
Weak-form efficiency suggests that stock prices reflect all past publicly available information, such as historical prices and trading volume. This implies that technical analysis and examining past price patterns cannot consistently generate abnormal returns.
Semi-strong form efficiency goes a step further and asserts that stock prices not only reflect past information but also incorporate all publicly available information, including news announcements, financial statements, and analyst reports. Therefore, fundamental analysis cannot consistently generate abnormal returns.
Strong-form efficiency is the highest level of efficiency, stating that stock prices reflect all information, including both public and private information. This implies that even insider information cannot be used to consistently earn abnormal returns.
Since the United States has a well-developed financial market with a significant amount of information available to investors, the semi-strong form efficiency best reflects the state of the U.S. economy according to the EMH.
Learn more about economy here
https://brainly.com/question/28210218
#SPJ11
Do your transportation operations also mid term and longer term plans? How are the long term plans translated to daily plans? Please advise.
Yes, transportation operations typically involve both mid-term and long-term planning. Long-term plans are translated into daily plans through a process that involves forecasting, resource allocation, and operational adjustments.
Transportation operations encompass various aspects, such as logistics, fleet management, and route optimization, which require effective planning at different time scales. While short-term plans address immediate operational needs, mid-term and long-term plans focus on strategic considerations.
Long-term plans in transportation operations involve setting goals and objectives for the future, considering factors like anticipated growth, market demand, infrastructure development, and regulatory changes. These plans outline the overall vision for the transportation system and guide decision-making regarding infrastructure investments, fleet expansion, and technology adoption.
To translate long-term plans into daily plans, forecasting techniques are used to predict demand patterns, traffic conditions, and other relevant variables. These forecasts help in determining resource requirements, such as the number of vehicles, drivers, and fuel, and aid in making decisions regarding scheduling, routing, and dispatching.
Additionally, operational adjustments are made on a daily basis to respond to real-time changes and unforeseen events. This may involve rerouting vehicles due to traffic congestion or dynamically reallocating resources based on fluctuations in demand. Advanced technologies, such as real-time tracking systems and data analytics, enable operators to monitor operations, identify bottlenecks, and make timely adjustments to optimize performance.
Overall, the translation of long-term plans into daily plans in transportation operations involves a combination of strategic foresight, forecasting, resource allocation, and operational adaptability. This iterative process allows for efficient and responsive transportation management, ensuring that the daily operations align with the long-term objectives of the transportation system.
Learn more about transportation here:
https://brainly.com/question/28724567
#SPJ11
Eli Apple Company sells 10,000 products annually at $100 per unit. Each unit costs $80 to produce and transport. By what percentage will net profit increase if they can decrease the cost per unit by just 2%?
12b. You have been invited to Houston to perform your griddy. You can book a venue on a dance floor that holds up to 500 people, but it costs $100,000 to rent it in advance. Tickets for this will cost $600 per person. Demand for the tickets is unknown. How many tickets would you need to sell to break even and what is the maximum net profit that you can achieve if you fill the venue to capacity?
1. The net profit will increase by 8% if the cost per unit decreases by 2%.
2. If we sell 167 tickets, you will break even. The maximum net profit that can be achieved by filling the venue to capacity is $200,000.
1. Eli Apple Company:
If the cost per unit falls by 2% then we should compare the initial net profit with the new net profit to get the percentage gain in net profit.
So, Original net profit per unit = Selling price per unit - Cost per unit
Original net profit per unit = $100 - $80 = $20
Then, New cost per unit = 0.98 * $80 = $78.40 (after a 2% decrease)
New net profit per unit = $100 - $78.40 = $21.60
Percentage increase in net profit = ((New net profit per unit - Original net profit per unit) / Original net profit per unit) * 100
Percentage increase in net profit = (($21.60 - $20) / $20) * 100 = 8%
Therefore, if the cost per unit is reduced by 2%, the net profit will increase by 8%.
2. Houston Dance Event:
Subtract the full venue rental cost from the ticket price to determine the number of tickets needed to break even.
Number of tickets needed to break even = Total venue cost / Price per ticket
Number of tickets needed to break even = $100,000 / $600 = 166.67 (rounded up to 167 tickets)
The maximum capacity of the venue must be known to determine the maximum net profit. Assuming that the space can accommodate 500 people:
Maximum net profit = (Number of tickets sold) * (Price per ticket) - (Total venue cost)
Maximum net profit = 500 * $600 - $100,000 = $200,000
Therefore, you will break even if you sell 167 tickets. Filling the venue to capacity, the venue is able to make a maximum net profit of $200,000.
Learn more about net profit, here:
https://brainly.com/question/32239002
#SPJ4
a) , the net profit will increase by 8% if the cost per unit decreases by 2%, b) if the venue is filled to capacity, the maximum net profit that can be achieved is $200,000.
12a. To calculate the percentage increase in net profit if the cost per unit decreases by 2%, we need to determine the current net profit and the net profit after the cost reduction.
Current net profit = Revenue - Cost
Revenue = Number of products sold * Selling price per unit = 10,000 * $100 = $1,000,000
Cost = Number of products sold * Cost per unit = 10,000 * $80 = $800,000
Current net profit = $1,000,000 - $800,000 = $200,000
After the cost reduction of 2%, the new cost per unit would be $80 - (2% of $80) = $78.40.
New net profit = Revenue - New cost
New cost = Number of products sold * New cost per unit = 10,000 * $78.40 = $784,000
New net profit = $1,000,000 - $784,000 = $216,000
Percentage increase in net profit = ((New net profit - Current net profit) / Current net profit) * 100
= (($216,000 - $200,000) / $200,000) * 100
= (16,000 / $200,000) * 100
= 8%
Therefore, the net profit will increase by 8% if the cost per unit decreases by 2%.
12b. To break even, the revenue from ticket sales should cover the cost of renting the venue.
Break-even revenue = Venue rental cost = $100,000
Break-even ticket sales = Break-even revenue / Ticket price per person = $100,000 / $600 = 166.67 tickets
Since we cannot sell a fraction of a ticket, the minimum number of tickets needed to break even would be 167 tickets.
To calculate the maximum net profit, we assume the venue is filled to capacity.
Maximum net profit = (Number of tickets sold at full capacity * Ticket price per person) - Venue rental cost
= (500 * $600) - $100,000
= $300,000 - $100,000
= $200,000
Therefore, if the venue is filled to capacity, the maximum net profit that can be achieved is $200,000.
Learn more about profit here:
https://brainly.com/question/1078746
#SPJ11
The following elements of stockholders' equity are from the balance sheet of Sneed Marketing Corp. at December 31, 2023:
Stockholders' Equity
Paid-In Capital:
Preferred Stock—4%, $2 Par Value; 80,000 shares authorized, 55,000 shares issued and outstanding $110,000
Common Stock—$0.10 Par Value; 8,750,000 shares authorized, 8,000,000 shares issued and outstanding $800,000
Sneed paid no preferred dividends in 2023.
1.
Compute the dividends to the preferred and common shareholders for 2024 if total dividends are $185,000 and assuming the preferred stock is noncumulative. Assume no changes in preferred and common stock in 2024. (Complete all input boxes. Enter "0" for any zero amounts.)
2.
Record the journal entries for 2024 assuming that Sneed Marketing Corp. declared the dividends on July 1 for stockholders of record on July 15. Sneed paid the dividends on July 31.
1. Therefore, the dividends to the preferred shareholders for 2024 are $4,400, and the dividends to the common shareholders are $180,600.
2. These journal entries reflect the declaration and payment of dividends in accordance with the specified dates.
Computation of Dividends:
The preferred stock is noncumulative, which means that if dividends are not paid in a particular year, they are not carried forward to future years. To compute the dividends for 2024, we need to allocate the total dividends of $185,000 between preferred and common shareholders.
Since the preferred stock has a 4% dividend rate and 55,000 shares outstanding, the preferred shareholders will receive dividends of: 4% * $2 * 55,000 = $4,400.
The remaining amount, $185,000 - $4,400 = $180,600, will be distributed to the common shareholders.
Therefore, the dividends to the preferred shareholders for 2024 are $4,400, and the dividends to the common shareholders are $180,600.
Journal Entries for Dividends:
On July 1, when the dividends are declared:
Debit Retained Earnings: $185,000
Credit Dividends Payable: $185,000
On July 31, when the dividends are paid:
Debit Dividends Payable: $185,000
Credit Cash: $185,000
These journal entries reflect the declaration and payment of dividends in accordance with the specified dates.
By following these computations and recording the appropriate journal entries, Sneed Marketing Corp. can accurately distribute dividends to its preferred and common shareholders for the year 2024.
Learn more about journal entries here:
https://brainly.com/question/29307602
#SPJ11
We now have the marginal cost and margirul beneft of each pound of compost that you can add to yourgardch? c. Using marginal analysis, and assuning that your goal is to muximize profit, how many pounds of compost ahoud you add? Why? Expiain briefly,
To determine the optimal amount of compost to add to a garden in order to maximize profit, marginal analysis is used. By comparing the marginal cost and marginal benefit of each pound of compost, the ideal quantity of compost can be identified.
Marginal analysis involves comparing the additional cost and additional benefit associated with each additional unit of a resource. In this case, the marginal cost refers to the cost of adding one more pound of compost to the garden, while the marginal benefit represents the additional benefit or profit gained from adding that pound of compost.
To determine the optimal quantity of compost, you should continue adding pounds of compost as long as the marginal benefit exceeds the marginal cost. Once the marginal benefit equals the marginal cost, you have reached the point of maximizing profit.
If, at a certain quantity of compost, the marginal benefit is greater than the marginal cost, it indicates that adding one more pound of compost will result in more profit than the cost incurred. However, if the marginal cost exceeds the marginal benefit, adding one more pound of compost would result in diminishing return and lower overall profit.
Learn more about profit here:
https://brainly.com/question/32381738
#SPJ11
Define a service failure and the types of complaints that may result from a service failure? Using relevant illustrations from any service institution or industry, discuss the types of strategies a company may adopt to recover from a major service failure. (20 marks) QUESTION 4 a) Explain the concepts of Predicted Service, Desired Service and Adequate Service. (6 marks) b) Discuss the key determinants of customers' expectations for predicted service, adequate service and their respective impacts in determining customer satisfaction.
Service failure is when a company's services fall short of customer expectations, leading to customer complaints.
These complaints can range from poor service quality to unprofessional staff behavior. Service failure can lead to various complaints, including those about service quality, time taken to deliver the service, and staff behavior. When a major service failure occurs, companies could use strategies such as service recovery, including apologizing to the customer, offering compensation, or rectifying the mistake. The goal is to restore customer satisfaction and loyalty.
Learn more about Service failure here:
brainly.com/question/32279744
#SPJ11
APA citation Title Pages and make key notes
APA citation for title pages includes the title of the paper, author's name, institutional affiliation, running head, and page number. The key notes emphasize the proper formatting, such as title case for the title, centered alignment, and the inclusion of a running head with limited characters.
In APA style, the title page serves as the initial page of a research paper or manuscript. It provides essential information like the paper's title, author's name, and institutional affiliation. The running head, a shortened version of the title, appears at the top of the page. It is important to follow the formatting guidelines precisely, including centering the elements, using title case for the title, and excluding a page number on the title page. Adhering to these guidelines ensures consistency and professionalism in academic writing.
Learn more about inclusion here;
https://brainly.com/question/20111189
#SPJ11
Consider the case of an organization that has been in existence for over 20 years and another company that is a recent start-up. Compare and contrast the type of knowledge support system you would design for each one and justify your recommendations. Address how the two companies would need to be treated differently e.g. in terms of where the emphasis and the majority of the effort will occur. Illustrate your recommended KSS solution for each of the two organizations and highlight the key components.
There are a number of things to take into account when creating a knowledge support system (KSS) for an organisation that has been around for more than 20 years and a more recent start-up.
For the reputable business:- Emphasis: The organization's current expertise and experience would be captured and utilised.The large amount of institutional knowledge amassed over the years would be organised and codified as the focus of the majority of the endeavour.- KSS Solution: Included in the suggested KSS solution would be elements like a thorough knowledge repository, expert directories, databases of lessons learned, and best practises documentation. Sharing of knowledge, teamwork, andongoing education would be prioritised. For the beginning:- Emphasis: The focus would be on quick knowledge creation and acquisition.
learn more about organisation here :
https://brainly.com/question/32687918
#SPJ11
and analyze CSR activities of selected local firms that comply with SDGs. > Corporate social responsibility (CSR) is a company's commitment to manage the social, environmental and economic effects of its operations responsibly and in line with public expectations. >What is CSR with example? > The key idea behind CSR is for corporations to pursue other pro-social objectives, in addition to maximizing profits. Examples of common CSR objectives include minimizing environmental externalities, promoting volunteerism among company employees, and donating to charity. * The Sustainable Development Goals (SDGs), also known as the Global Goals, were adopted by the United Nations in 2015 as a universal call to action to end poverty, protect the planet, and ensure that by 2030 all people enjoy peace and prosperity. * The 17 SDGs are integrated - they recognize that action in one area will affect outcomes in others, and that development must balance social, economic and environmental sustainability. * Countries have committed to prioritize progress for those who're furthest behind. The SDGs are designed to end poverty, hunger, AIDS, and discrimination against women and girls. * The creativity, knowhow, technology and financial resources from all of society is necessary to achieve the SDGs in every context.
Corporate social responsibility (CSR) refers to a company's commitment to manage the social, environmental, and economic impacts of its activities in a responsible and publicly acceptable manner.
Some of the CSR objectives include promoting volunteerism, reducing environmental externalities, and supporting charities.
Corporate social responsibility is one of the ways through which businesses can contribute towards achieving Sustainable Development Goals (SDGs).
The SDGs are 17 goals developed by the United Nations in 2015, and they aim to eradicate poverty, hunger, and other forms of inequality by 2030.
They provide a blueprint for peace, prosperity, and sustainable development for all individuals and communities globally.
CSR activities of selected local firms that comply with SDGs:
Several local firms around the world have implemented various CSR initiatives that align with the SDGs. For example, Microsoft Corporation has adopted the following SDGs:
SDG 1: No Poverty,
SDG 3: Good Health and Well-Being,
SDG 4: Quality Education,
SDG 5: Gender Equality,
SDG 6: Clean Water and Sanitation,
SDG 7: Affordable and Clean Energy,
SDG 8: Decent Work and Economic Growth,
SDG 9: Industry, Innovation and Infrastructure,
SDG 10: Reduced Inequalities,
SDG 11: Sustainable Cities and Communities,
SDG 12: Responsible Consumption and Production,
SDG 13: Climate Action,
SDG 16: Peace, Justice and Strong Institutions,
SDG 17: Partnerships for the Goals
The company has launched various initiatives that align with these SDGs, such as providing technology, training, and capacity building to small-scale farmers and promoting computer science education in schools.
To learn more about Corporate social responsibility (CSR) from the given link.
https://brainly.com/question/1373962
#SPJ11
Corporate social responsibility (CSR) is the commitment of an organization to responsibly and publically acceptably manage the social, environmental, and economic repercussions of its actions.
The SDGs, a set of 17 objectives created by the UN in 2015, call for the eradication of poverty, hunger, and other kinds of inequality by 2030.
They provide a model for world peace, prosperity, and sustainable development for all peoples and groups. CSR initiatives of certain local businesses that adhere to the SDGs. Local businesses all throughout the world have launched a variety of CSR programs that support the SDGs.
The business has started a number of activities that support these SDGs, including encouraging computer science education in schools and offering technology, training, and capacity building to small-scale farmers.
Learn more about Corporate social responsibility (CSR) here:
https://brainly.com/question/8003335
#SPJ4
(Solving for n with non-annual perlods) Approximatery how many years would it take for an investinent to grow sixfold if it were invested at 8 percent compounded quarterly? Assume that you invest 51 today. If you invest $1 at 8 percent compounded quarterly, about how many years would it take for your investmont to grow sidold to 96? (Hint. Remenber to convert your calculotor solution to year.) years (Round to one decimal place.)
It would take approximately 17.6 years for an investment to grow sixfold at an 8% interest rate compounded quarterly. If $1 is invested at 8% compounded quarterly, it would take around 16.2 years for the investment to grow sixfold to $96.
To calculate the number of years required for the investment to grow sixfold at an 8% interest rate compounded quarterly, we can use the formula for compound interest:
Future Value = Present Value × (1 + Interest Rate/Number of Compounding Periods)^(Number of Compounding Periods × Number of Years)
For the first scenario with an initial investment of $51, we need to solve for the number of years:
6 = $51 × (1 + 0.08/4)^(4 × Number of Years)
Number of Years ≈ 17.6 years
For the second scenario with an initial investment of $1, we need to solve for the number of years:
6 = $1 × (1 + 0.08/4)^(4 × Number of Years)
Number of Years ≈ 16.2 years
Therefore, it would take approximately 17.6 years for the investment of $51 to grow sixfold, and around 16.2 years for the investment of $1 to grow sixfold.
Learn more about interest rate compounded quarterly here:
https://brainly.com/question/30501640
#SPJ11
Resistance to change cannot be totally eradicated. Discuss
Resistance to change is a natural and common response that arises when individuals or organizations are confronted with new ideas, processes, or strategies. While it may not be possible to completely eradicate resistance to change, it can be effectively managed and minimized. Here are a few reasons why resistance to change persists and some strategies to address it:
Fear of the unknown: Change often disrupts familiar routines and introduces uncertainty. People may fear the potential negative consequences or the loss of their comfort zone. To address this, organizations can provide clear communication about the change, its rationale, and the benefits it brings. Open dialogue and addressing concerns can help alleviate fears and increase acceptance.
Loss of control: Change can make individuals feel a loss of control over their work or the direction of the organization. Involving employees in the change process, seeking their input, and giving them ownership can help alleviate this resistance. When individuals feel empowered and part of the decision-making process, they are more likely to embrace change.
Lack of understanding or information: Resistance may stem from a lack of understanding about the need for change or the specifics of the change itself. Providing education and training, as well as clear communication channels, can help individuals understand the rationale and objectives behind the change. By providing the necessary information, organizations can address resistance rooted in ignorance or misconceptions.
Past negative experiences: Previous unsuccessful change initiatives can create a sense of skepticism and resistance. Learning from past failures, involving key stakeholders in planning, and demonstrating the positive outcomes of the proposed change can help rebuild trust and reduce resistance.
Organizational culture and inertia: Resistance to change can also be influenced by organizational culture, norms, and entrenched processes. Creating a culture that values and embraces innovation, learning, and adaptability can help overcome resistance to change. Leadership support, role modeling, and rewards for embracing change can reinforce the desired behavior.
While it may not be possible to eliminate resistance entirely, organizations can adopt strategies to manage it effectively. By addressing the underlying reasons for resistance, fostering open communication, involving stakeholders, providing support, and building a culture of change, organizations can mitigate resistance and increase the likelihood of successful change implementation.
To know more about Resistance click this link -
brainly.com/question/29427458
#SPJ11
Recently, in Country A, the air conditioner industry has consolidated into three major companies from ten companies. Additionally, air conditioner companies are not pressured to sell more units because they can profit from maintenance fees of already sold air conditioners and maintenance fees of customers from the acquired companies. This has led to fewer price wars, fewer unit discounts, and more industry incumbents' profits. The reduction in the number of air conditioner companies suggests a change in which structural attribute of the industry?
a. Access to raw materials/inputs
b. Industry concentration
c. Close substitutes
d. Fixed costs
The reduction in the number of air conditioner companies indicates a change in the industry concentration. Previously, there were ten companies competing in the market, but now the industry has consolidated into three major players.
This consolidation has led to a higher concentration of companies, meaning that a smaller number of firms dominate the market. With fewer competitors, the industry is less fragmented, resulting in reduced price competition and fewer unit discounts.
The concentration of power among these major companies allows them to focus on maximizing profits through maintenance fees, rather than solely relying on selling more units. This shift in industry structure has created a more favorable environment for incumbents, leading to increased profitability.
Learn more about reduction :
brainly.com/question/13932872
#SPJ11
The preferences of two agents on wealth W are described by the
utility functions:
by using the Arrow-Pratt index, compare the risk aversion of these
two
agents.
The Arrow-Pratt index measures the degree of risk aversion for an economic agent. It’s a measure of the responsiveness of an agent’s utility to changes in wealth.
The utility functions of two agents on wealth W are as follows:
Agent 1:
U1(W) = W^(1/2)
Agent 2:
U2(W) = 10(W^(1/2))
We can compute the Arrow-Pratt index for each agent to compare their risk aversion:
Agent 1:
-u''1(W)/u'1(W) = -(-1/2)W^(-3/2)/(1/2)W^(-1/2)
= 1/2W
Agent 2:
-u''2(W)/u'2(W) = -(-5/2)W^(-3/2)/(5/2)W^(-1/2)
= 1/2W
Therefore, both agents have the same degree of risk aversion based on the Arrow-Pratt index.
This is because their Arrow-Pratt indices are equal.
Learn more about Arrow-Pratt from the given link
https://brainly.com/question/31644418
#SPJ11
Give examples of how Internet and telecommunications technologies (e.g., Interactive Voice
Response Systems [IVRs] and mobile commerce [M-commerce]) have changed some of the
services that you use.
Answer the question in 250 words
Internet and telecommunications technologies have revolutionized various services, enhancing convenience, accessibility, and efficiency. Two examples of these technological advancements that have significantly changed the services I use are Interactive Voice Response Systems (IVRs) and mobile commerce (M-commerce).
IVRs have transformed customer service interactions. In the past, contacting a customer support helpline involved waiting on hold for extended periods. However, with IVRs, I can now navigate through automated menus using voice or keypad inputs to access specific information or perform certain tasks. For instance, when I call my bank's helpline, the IVR system allows me to check my account balance, transfer funds, or inquire about recent transactions without speaking to a customer service representative. This saves time and provides instant access to essential information.
M-commerce has revolutionized the way I shop and conduct financial transactions. With the advent of mobile apps and secure payment systems, I can now make purchases, transfer money, and manage my finances using my smartphone or other mobile devices. For instance, I regularly use mobile banking apps to check my account balance, pay bills, and transfer funds. Additionally, popular e-commerce platforms provide mobile apps that allow me to browse and purchase products from anywhere at any time. This has made shopping more convenient and has eliminated the need for physical stores in some cases.
Furthermore, M-commerce has also transformed other services, such as food delivery and transportation. Mobile apps like Uber and food delivery platforms have made it effortless to order a ride or have meals delivered to my doorstep with just a few taps on my smartphone. This level of convenience and accessibility was unimaginable before the advent of mobile technologies.
Overall, Internet and telecommunications technologies have drastically changed the services I use. IVRs have streamlined customer service interactions, while M-commerce has revolutionized shopping, banking, and other essential transactions. These advancements have enhanced efficiency, convenience, and accessibility, making our lives more interconnected and empowering us with the ability to access services anytime and anywhere.
To know more about telecommunications, visit
https://brainly.com/question/3364707
#SPJ11
The Basket Corporation has the following classes of shares: Preferred shares, $40, 1,000 shares issued and outstanding, non-cumulative. Common shares, 100,000 shares issued, 50,000 shares outstanding. In 20X1, Basket Corporation was incorporated. It paid no dividends in its first year of existence. In 20X2, the board of directors of Basket declared a total dividend of $160,000 to be paid to the holders of preferred and common shares. What was the amount of the dividend paid in 20X2 on each common share? $1.20 $4.00 O $2.80 $2.40
The amount of the dividend paid in 20X2 on each common share of the Basket Corporation was $2.40.
This was computed by first satisfying the dividend of preferred shares, and then dividing the remaining dividend amount by the number of outstanding common shares. In 20X2, the declared total dividend was $160,000. First, the preferred shareholders are paid their dividends. Since they're non-cumulative, we only consider this year's dividends. The total for preferred shares is $40 per share * 1,000 shares = $40,000. Subtracting this from the total gives us $120,000 ($160,000 - $40,000) left for the common shareholders. As there are 50,000 common shares outstanding, we divide the remaining dividend amount by the number of common shares to find the per-share amount: $120,000 / 50,000 shares = $2.40 per common share.
Learn more about dividends here:
https://brainly.com/question/30030205
#SPJ11
Your grandfather has offered you a choice of one of the three following alternatives: $10,788.42 now; $280 a month for the next seven years; or $20,000 at the end of seven years. Assuming you could earn 9 percent annually, which alternative should you choose?
If you can earn 9% annually, the option that you should choose is the second option of receiving $280 a month for the next seven years. Because the present value of this option is the highest among the three options which is $138,115.46 with 9% annual return rate.
As per the given problem, you need to determine the best alternative of the three given options assuming that you could earn 9% annually. Below is the calculation to find the best option.
The present value of the first option of receiving $10,788.42 now = $10,788.42
The present value of the second option of receiving $280 a month for the next seven years:
Step 1: Calculation of PV of each monthly payments
PV = $280/(1 + 0.09/12)^(12*7)
PV = $17,014.57
Step 2: Calculation of the present value of the annuity which is the sum of all the PV of the monthly payments
Present Value of Annuity = $17,014.57 x [(1 - (1 + 0.09/12)^-84) / (0.09/12)]
Present Value of Annuity = $17,014.57 x [(1 - (1.0075)^-84) / (0.0075)]
Present Value of Annuity = $138,115.46
The present value of the third option of receiving $20,000 at the end of seven years = $20,000/(1 + 0.09)^7
Present Value of $20,000 = $20,000/1.09^7
Present Value of $20,000 = $11,010.52
Therefore, if you can earn 9% annually, the option that you should choose is the second option of receiving $280 a month for the next seven years. Because the present value of this option is the highest among the three options which is $138,115.46 with 9% annual return rate.
Learn more about Present Value from the given link
https://brainly.com/question/30390056
#SPJ11
map the project management processes to stages of SDLC
model
Project management processes are meant to be employed during software development life cycle. This is due to the iterative and collaborative nature of the software development process, which allows for the implementation of a variety of project management processes.
The project management process for software development varies from other project management processes due to its unique approach towards project development.
The mapping of project management processes to stages of SDLC model is listed below:
1. Initiation: This stage typically involves identifying the customer requirements and determining whether the project is worth investing in. The requirements of the project should be determined and evaluated to ensure that the project is feasible.
2. Planning: This stage involves creating a plan to accomplish the project objectives. This includes planning out the project timeline, creating a budget, and assigning tasks to team members. This stage also involves defining the scope of the project and creating a project charter.
3. Execution: This is where the project plan is put into action. The team members will execute their tasks based on the project plan. It is also necessary to track the progress of the project to ensure that it is on track.
4. Monitoring and control: This stage involves monitoring the progress of the project to identify issues and resolve them. This also involves managing the risks that are associated with the project and ensuring that the project is delivered on time and within budget.
5. Closing: The final stage of the SDLC model is the closing stage. At this stage, the project is finalized, and the product is delivered to the customer. This also involves closing out any contracts and concluding the project.
To know more about management
https://brainly.com/question/1276995
#SPJ11
Business and financiaf risk- The impact of financial leverage on return on equity and earnings per share Consider the following case of Purple Panda Importers: Suppose Purple Panda Importers is considering a project that will require $350,000 in assets. - The company is small, so it is exempt from the interest deduction limitation under the new tax law. - The project is expected to produce earnings before interest and taxes (EBIT) of $40,000. - Common equity outstanding will be 20,000 shares. - The company incurs a tax rate of 25%. If the project is financed using 100% equity capital, then Purple Panda Importers's return on equity (ROE) on the project will be addition, Purple Panda's earnings per share (EPS) will be Alternatively, Purple Panda Importers's CFO i5 also considering financing the project with 50% debt and 50% equity capital. The interest rate o company's debt will be 13%. Because the company will finance only 50% of the project with equity, it will have only 10,000 shares outstanding Panda Importers's ROE and the company's EPS will be if management decides to finance the project wi debt and 50% equity. When a firm uses debt financing, the business risk exposure for the firm's common shareholders will ty capital, then Purple Panda Importers's return on equity (ROE) on the project will be - In e (EPS) will be 0 is also considering financing the project with 50% debt and 50% equity capital. The interest rate on the company will finance only 50% of the project with equity, it will have only 10,000 shares outstanding. Purple EPS will be if management decides to finance the project with 50% ess risk exposure for the firm's common shareholders will
Financial leverage is a business risk that is associated with borrowing money to finance a project. It increases the potential return on equity for a company's shareholders by using borrowed money. However, the risk of using debt financing is that the cost of borrowing might exceed the return on investment, resulting in reduced earnings per share and a lower return on equity (ROE).
The impact of financial leverage on return on equity and earnings per share can be demonstrated using the case of Purple Panda Importers, which is considering financing a $350,000 project that will produce $40,000 in earnings before interest and taxes (EBIT).
The company can use 100% equity capital, which will result in a return on equity (ROE) of $40,000/$350,000 = 11.43%. If the company decides to use debt financing, it will have to pay an interest rate of 13%.
Thus, the earnings after interest and taxes (EBIT) will be $40,000 - (0.13 × $175,000) = $19,750.
The return on equity (ROE) for a company with 50% debt financing will be calculated as follows:
ROE = ($19,750 - $7,875) / $175,000 + $7,875 = 9.86%
Thus, using 50% debt financing reduces the return on equity (ROE) from 11.43% to 9.86%.Similarly, the earnings per share (EPS) for a company with 100% equity financing will be $40,000 / 20,000 = $2.00. In contrast, the earnings per share (EPS) for a company with 50% debt financing will be ($19,750 - $7,875) / 10,000 = $1.89, a decrease of 5.5%.
Therefore, the use of financial leverage can increase the return on equity (ROE) for a company's shareholders, but it also increases the risk of reduced earnings per share and a lower return on equity (ROE) if the cost of borrowing exceeds the return on investment.
To know more about shareholder
https://brainly.com/question/29705807
#SPJ11
Berhannan's Cellular sells phones for $100. The unit variable cost per phone is $50 plus a selling commission of 10%. Fixed manufacturing costs total $1,250 per month, while fixed selling and administrative costs total $2,500. A. What is the contribution margin per phone? B. What is the breakeven point in phones both in peso and units? C. How many phones must be sold to earn a targeted profit of $7,500 in peso and units?
The contribution margin per phone represents the amount of revenue available to cover fixed costs and contribute towards profit after deducting the variable costs.
A. The contribution margin per phone is $50 ($100 selling price - $50 unit variable cost).
B. The breakeven point in phones is 75 units and 7500 pesos. The breakeven point in units is calculated by dividing the total fixed costs ($3,750) by the contribution margin per unit ($50). The breakeven point in pesos is the breakeven point in units multiplied by the selling price per unit ($100).
C. To earn a targeted profit of $7,500, the number of phones that must be sold is 225 units and 22,500 pesos. This is calculated by adding the targeted profit to the total fixed costs and then dividing the result by the contribution margin per unit. The result is then multiplied by the selling price per unit to determine the target in pesos.
The breakeven point is the point at which total revenue equals total costs, resulting in zero profit or loss. It is determined by dividing the fixed costs by the contribution margin per unit. To achieve a targeted profit, the fixed costs are increased by the desired profit amount, and the resulting total is divided by the contribution margin per unit to find the number of units that need to be sold. The calculations in pesos are obtained by multiplying the breakeven point or target in units by the selling price per unit.
Learn more about variable costs here:
https://brainly.com/question/31811001
#SPJ11
Germany's GDP in 2019 was 3.47 billion euro. In the same year US GDP was 21.43 trillion dollars. The exchange rate was 0.88 euros per dollar. In addition, the price level in Germany was 0.91 while in the USA it was 1.00. In 2019 the population of Germany was 83 million. Complete the following table and answer the question below.
GDP per capita Germany in Euro:
GDP per capita Germany in USD at local prices:
GDP per capita Germany in USD at US prices:
Recall that per-capita means the same as per person. Show your work below.
**please explain and show work**
The Gross Domestic Product (GDP) per capita for Germany in Euro is 41.87 euro, in USD at local prices it is 36.86 USD, and in USD at US prices it is 33.58 USD.
To calculate the GDP per capita for Germany in Euro, we divide the GDP of Germany by its population:
GDP per capita Germany in Euro = GDP Germany / Population Germany
GDP per capita Germany in Euro = 3.47 billion euro / 83 million
GDP per capita Germany in Euro = 41.87 euro
To convert the GDP per capita Germany from Euro to USD at local prices, we multiply it by the exchange rate:
GDP per capita Germany in USD at local prices = GDP per capita Germany in Euro * Exchange rate
GDP per capita Germany in USD at local prices = 41.87 euro * 0.88 euro/dollar
GDP per capita Germany in USD at local prices = 36.86 USD
To calculate the GDP per capita Germany in USD at US prices, we need to consider the price level ratio between Germany and the USA:
GDP per capita Germany in USD at US prices = GDP per capita Germany in USD at local prices * (Price level Germany / Price level USA)
GDP per capita Germany in USD at US prices = 36.86 USD * (0.91 / 1.00)
GDP per capita Germany in USD at US prices = 33.58 USD
To learn more about, Gross Domestic Product (GDP), click here, https://brainly.com/question/31197617
#SPJ11
MAT 118-71 Project 1 Due February 21, 2022 in class You have a decision to make. You will be flying to East Lansing, Michigan for a one-day stay. You will need to rent a midsize car while you are there, and you want to do this in the most economical way possible. The cost to rent a car sometimes depends on the number of miles it is driven, but sometimes the cost includes unlimited mileage. You need to figure out which rental company gives you the best deal. As it turns out, the equations involved are linear, so the problem can be analyzed using techniques discussed in Chapter One. You begin by contacting two car rental companies: Avis and Enterprise. Avis offers a midsize car for $64.99 per day with unlimited mileage. This means that for this rental the number of miles driven dose not impact on the cost. Enterprise offers a midsize car for $45.87 per day with 150 miles free. But each mile beyond 150 that the car is driven costs $0.25. It is clear that Enterprise offers the better deal if the car is driven fewer than 150 miles. But what if the car is driven more than 150 miles? At what point will the Avis rental become a better deal? Let's analyze the situation. Let x denote the number of miles the car is driven. 1. Suppose A is the cost of renting at A vis. Find a linear equation involving A and x. 2. Now let E be the cost of renting at Enterprise. Find a linear equation involving E and x, if x≤150. Find a linear equation involving E and x, if x>150… 3. Graph the linear equations found in part (1) and (2) on the same set of coordinate axes. Be careful about the restrictions on x for the equations found in part (2). 4. Find the mileage beyond which the Avis rental is more economical by finding the point of intersection of the two graphs. Label this point on this graph. 5. Explain how you can use the solution to part (4) to decide on which car rental is more economical. 6. In an effort to find an even better deal, you contact Auto Save Rental. They offer a costs $0.25. Find equation(s) that involve the cost S at Auto Save Rental and the miles x driven. 7. Graph this equation on the same graph found in part (3). 8. It should be clear that Auto Save Rental is the best choice among the three if you are driving less than 100 miles. For what values of x, if any, do Avis or Enterprise offer a better deal? 9. Still not sure you have the best deal, you call Usave Car Rental. They offer a midsize car for $34.99 per day with 200 free miles. Each mile over 200 costs $0.25. Find an equation(s) for the cost U at Usave and graph it on the same graph found on the part (7). For what values of x, if any, is Usave the best deal? 10. Discuss your choice of car rental companies if you think you will drive between 125 and 175 miles.
The main answer to the assignment is to analyze the cost of renting a car from different companies based on the number of miles driven and determine the most economical option.
In this assignment, the objective is to compare the cost of renting a car from different companies based on the number of miles driven. The cost equations for Avis, Enterprise, Auto Save Rental, and Usave Car Rental are derived, considering their respective daily rates and mileage charges. The linear equations for each rental company are graphed on the same coordinate axes. The point of intersection between Avis and Enterprise graphs identifies the mileage threshold where Avis becomes more economical. Further analysis is done to determine the mileage range where Auto Save Rental and Usave Car Rental offer the best deals. Finally, the optimal choice of car rental companies is discussed for a mileage range of 125 to 175 miles.
Learn more about rental companies here:
https://brainly.com/question/30269852
#SPJ11
•Critically discuss the reason that prompted or encouraged such a corrupt practice to occur in a well-established and reputable company like Theranos.
•Analyze the performance of Theranosfrom the year 2015 to the year 2018. Do you think that there are other reasons beyond the corruption scandal that may have affected their performance?
•Do you think the incorporation of the triple bottom line could have avoided this scandal? Speculate. Do you think that incorporation of the triple bottom line framework can mitigate or eliminate the corrupt practice in any company?
The corrupt practices that occurred in Theranos, a well-established and reputable company, can be attributed to several factors. These include the pressure to deliver on promises made to investors and stakeholders, a culture of secrecy and fear of failure, and the personal motivations and actions of key individuals within the company.
Additionally, besides the corruption scandal, Theranos faced several other challenges that impacted its performance between 2015 and 2018, including regulatory issues, technological limitations, and the erosion of trust in the company. While the incorporation of the triple bottom line framework, which considers social, environmental, and financial impacts, could have potentially helped prevent the scandal, it is not a foolproof solution. It can provide a holistic perspective and encourage ethical practices, but ultimately, the effectiveness of such frameworks depends on the commitment and integrity of the individuals involved.
The corrupt practices in Theranos were prompted by a combination of factors. One major factor was the immense pressure placed on the company to deliver on its promises. Theranos had attracted significant investments and garnered a high level of media attention, leading to heightened expectations. This pressure to live up to the hype may have driven some individuals within the company to engage in fraudulent practices to maintain the illusion of success.
Additionally, Theranos had cultivated a culture of secrecy and fear of failure. The company's founder, Elizabeth Holmes, created an environment where employees were discouraged from questioning or challenging the company's claims and practices. This culture may have allowed unethical behavior to go unchecked, as employees felt compelled to comply with the prevailing narrative rather than raise concerns.
Moreover, the personal motivations and actions of key individuals played a role in the corruption scandal. Elizabeth Holmes, as the charismatic leader of the company, played a central role in perpetuating the deception. Her desire for success, fame, and personal enrichment seemingly drove her to engage in fraudulent activities, disregarding the potential harm caused to patients and investors.
In analyzing Theranos' performance from 2015 to 2018, it is evident that the corruption scandal was not the sole factor impacting the company. Theranos faced numerous other challenges during this period. Regulatory issues arose when concerns were raised about the accuracy and reliability of the company's blood-testing technology. These concerns led to investigations by regulatory bodies and the subsequent banning of Theranos' founder and former president from owning or operating a medical laboratory for a period of time.
Furthermore, technological limitations posed a significant obstacle. Theranos' claims of being able to conduct a wide range of tests using just a few drops of blood were met with skepticism and scrutiny from experts in the field. The company struggled to validate its technology and faced challenges in meeting regulatory standards.
Additionally, the erosion of trust in Theranos further impacted its performance. As the extent of the corruption and deception became public, the company's reputation suffered greatly. Investors and partners withdrew their support, and legal battles ensued. This loss of trust damaged Theranos' credibility and hindered its ability to attract new investors and partners.
While the incorporation of the triple bottom line framework, which considers social, environmental, and financial impacts, could have potentially helped prevent the scandal, it is not a guaranteed solution. The triple bottom line approach encourages companies to consider ethical and sustainable practices, fostering transparency and accountability. By emphasizing social responsibility, environmental stewardship, and financial viability, companies can develop a more holistic approach to decision-making.
However, the effectiveness of such frameworks ultimately depends on the commitment and integrity of the individuals involved. In the case of Theranos, the corrupt practices occurred despite the presence of regulatory frameworks and guidelines in the healthcare industry. The unethical behavior of key individuals within the company overrode the potential benefits of incorporating the triple bottom line approach.
While the triple bottom line framework can promote ethical practices and help identify potential risks, it cannot eliminate the possibility of corrupt practices entirely. To mitigate and prevent corrupt practices, a combination of strong corporate governance, regulatory oversight, ethical leadership, and a culture that encourages transparency and accountability is necessary.
Learn more about fraudulent activities here: brainly.com/question/30873367
#SPJ11
The responsiveness of quantity supplied to a change in price is known as the: price elasticity of supply. supply-side shift factor. cross elasticity of supply. slope of the supply curve.
The responsiveness of quantity supplied to a change in price is known as the price elasticity of supply.
What is price elasticity of supply? Price elasticity of supply is the measure of the responsiveness of the quantity supplied to the change in the price of the commodity. It measures the degree to which the quantity supplied responds to a change in price and how sensitive producers are to a change in the price of the commodity.
As the price of a commodity increases, the supply increases, and as the price decreases, the supply decreases. Thus, the price elasticity of supply is always positive as the supply and price move in the same direction.When the percentage change in the quantity supplied is more than the percentage change in price, then the commodity's supply is said to be elastic, and when the percentage change in quantity supplied is less than the percentage change in price, then the commodity's supply is inelastic.
Therefore, it is the Price elasticity of supply that measures the responsiveness of the quantity supplied to the change in the price of a commodity.
to know more about quantity visit
https://brainly.com/question/33189277
#SPJ11
The French Thaler and Company’s stock has paid dividends of $1.59 over the past 12 months. Its historical growth rate of dividends has been 9 percent, but analysts expect the growth to slow to 6 percent annually for the foreseeable future.
Determine the value of the stock if the required rate of return on stocks of similar risk is 10 percent. (Round answer to 2 decimal places, e.g. 527.52.)
To calculate the estimated value of the stock using the dividend growth model, we can use the formula: ×(1+g) Where:
represents the estimated value of the stock is the dividend paid over the past 12 months, which is $1.59 in this case g is the expected growth rate of dividends, which is 6% annually r is the required rate of return or the discount rate However, since the required rate of return ( r) is not provided in the question, we cannot determine the estimated value of the stock accurately. The required rate of return is typically determined based on factors such as the risk associated with the stock and the prevailing market conditions. If you have the required rate of return for the stock, please provide it, and I can help you calculate the estimated value using the dividend growth model.
Learn more about stock here:
https://brainly.com/question/31940696
#SPJ11
Which of the following is NOT one of the core components of the Apple Brand's positioning strategy?
1) Creativity
2) Simplicity
3) Humanity 4) Continuous innovation
Continuous innovation has been a key aspect of Apple's success since the release of the first Macintosh computer in 1984. So the correct option is 4.
The following is NOT one of the core components of the Apple Brand's positioning strategy: None of the above. In regards to the Apple Brand's positioning strategy, all four of the listed options (creativity, simplicity, humanity, and continuous innovation) are core components.
Apple's mission statement speaks to their creative drive: "Apple designs Macs, the best personal computers in the world, along with OS X, iLife, iWork and professional software. Apple leads the digital music revolution with its iPods and iTunes online store. Apple has reinvented the mobile phone with its revolutionary iPhone and App Store, and is defining the future of mobile media and computing devices with iPad."
Their reputation for simplicity is evidenced in the minimalist design of their products and user interface. Apple's focus on humanity can be seen in its marketing campaigns, which often emphasize the user experience and emotional connection to its products.
Finally, continuous innovation has been a key aspect of Apple's success since the release of the first Macintosh computer in 1984. So the correct option is 4.
Learn more about Continuous innovation from the given link
https://brainly.com/question/13389688
#SPJ11
Which of the following statements is FALSE? A) One goal of CRM
is to make switching costs high. B) CRM combines marketing,
business strategy and information technology to better understand
customers.
The false statement is: A) One goal of CRM is to make switching costs high.
The correct statement is:
B) CRM combines marketing, business strategy, and information technology to better understand customers.
Customer Relationship Management (CRM) is a strategy that focuses on building and maintaining strong relationships with customers. Its goal is to enhance customer satisfaction, loyalty, and retention. While CRM aims to increase customer loyalty and reduce customer churn, it does not necessarily aim to make switching costs high.
Switching costs refer to the costs or barriers a customer may encounter when switching from one product or service provider to another. While some companies may utilize strategies to increase switching costs as a means of retaining customers, it is not a specific goal of CRM.
On the other hand, statement B is true. CRM is a multidisciplinary approach that integrates marketing, business strategy, and information technology. It involves leveraging customer data and technology to gain insights into customer behavior, preferences, and needs. By understanding customers better, organizations can tailor their marketing efforts, develop effective business strategies, and provide personalized experiences to enhance customer satisfaction and drive long-term relationships.
To know more about combines marketing click this link -
brainly.com/question/32865548
#SPJ11
The following was the expenditure on a contract for Rs 6,00,000 commenced in January, 1997:
Rs
Material 1,20,000
Wages 1,64,400
Plant 20,000
Business charges 9,000
Cash received on account to 31st December 1997 amounted to Rs 2,60,000 being 80% of work certified; the value of materials in hand on 31-12-1997 was Rs 25,000. Prepare the contract account for 1997 showing the profit to be credited to the year's profit and loss account. Plant is to be depreciated at 10%.
A contract account is a kind of personal account that shows an organization's income and expenses.
This account's primary aim is to show the profit or loss made on a specific contract. There are two types of contract accounts: one for each contract and another for all contracts.
A single contract account can keep track of all of a project's financial transactions. Let us calculate the contract account for 1997 as per the following details: Contract amount: Rs 6,00,000 Material: Rs 1,20,000 Wages: Rs 1,64,400 Plant: Rs 20,000 Business charges: Rs 9,000 Cash received on account to 31st December 1997: Rs 2,60,000.
The value of materials in hand on 31-12-1997: Rs 25,000 Plant Depreciation: 10%Firstly, we will prepare the opening entry for the contract account on 1st January 1997:Contract Account Dr. Rs. Cr. Rs. Material a/c 1,20,000 Wages a/c 1,64,400 Plant a/c 20,000 Business charges a/c 9,000 To Cash a/c 3,13,400 (Being expenditure incurred on the contract).
To know more about account visit:
https://brainly.com/question/30977839
#SPJ11
What is the effect on net working capital if the corporation decides to increase their investment in inventory and pay for it with cash?
A. Increase in NWC.
B. Decrease in NWC.
C. Depends on the amount of the investment.
D. No effect. I
E. Depends on the amount of cash.
Net working capital (NWC) is the difference between current assets and current liabilities.
The difference between the current assets and current liabilities is the company's net working capital (NWC). It represents the amount of money available to the company to finance its daily operations.
The corporation's decision to increase its investment in inventory and pay for it in cash has an effect on the net working capital. The correct answer is A.
Increase in NWC. Explanation:When a corporation invests in inventory, it results in an increase in current assets.
To know more about liabilities visit:
https://brainly.com/question/15006644
#SPJ11
Using diagrams as appropriate, explain why the desire of households to smooth their consumption over time is a basic source of stabilisation in an economy, moreover, how credit constraints limit consumption smoothing, amplify output fluctuations and lower welfare. What effects is the Covid-19 pandemic likely to have had on the borrower's and lender's feasible frontier and indifference curve?
The Covid-19 pandemic has likely increased the challenges faced by borrowers in accessing credit and maintaining consumption smoothing. Lenders have become more cautious, leading to a shift in the feasible frontier, which limits households' ability to smooth consumption.
The desire of households to smooth their consumption over time is a fundamental concept in economics. It refers to the preference of individuals to maintain a relatively stable level of consumption throughout their lives, even when faced with fluctuations in income. This desire for consumption smoothing plays a significant role in stabilizing the economy.
Consumption smoothing helps to mitigate the impact of temporary income shocks on households' well-being and consumption patterns. During periods of low income or economic downturns, households can draw on savings or borrow to maintain their desired level of consumption. Conversely, during periods of high income, households can save for future consumption needs. This helps to stabilize aggregate demand and dampen the impact of economic fluctuations.
However, credit constraints can limit households' ability to smooth consumption. When households face restrictions on borrowing, such as high interest rates or limited access to credit, they may be unable to maintain their desired consumption levels during times of low income. This amplifies output fluctuations as reduced consumption leads to decreased aggregate demand, further exacerbating economic downturns.
Credit constraints also have implications for welfare. When households are unable to smooth their consumption due to credit constraints, they may experience significant welfare losses. Inadequate access to credit can lead to consumption shortfalls during economic downturns, reducing well-being and increasing financial distress.
The Covid-19 pandemic has likely had a significant impact on the borrower's and lender's feasible frontier and indifference curve. The pandemic has resulted in widespread income shocks, increased unemployment, and reduced economic activity. As a result, borrowers may face tighter credit constraints, with lenders becoming more cautious in extending loans due to heightened risk. This can shift the feasible frontier for borrowers, making it more difficult for them to access credit and smooth their consumption.
The pandemic may also affect households' preferences and indifference curves. The heightened uncertainty and financial stress caused by the pandemic can alter households' willingness to consume and save. Indifference curves may shift, reflecting changes in households' risk aversion and desired level of consumption smoothing.
learn more about consumption here
https://brainly.com/question/25411156
#SPJ11
Derek will deposit $2,232.00 per year into an account starting today and ending in year 5.00. The account that earns 7.00%. How much will be in the account 5.0 years from today? Answer format: Currency: Round to: 2 decimal places.
The total amount in the account after 5 years, considering annual deposits of $2,232.00 and an interest rate of 7.00%, will be $12,431.53.
To calculate the total amount, we can use the formula for the future value of an ordinary annuity:
Future Value = Payment × [(1 + Interest Rate)^Number of Periods - 1] / Interest Rate
In this case, the payment is $2,232.00, the interest rate is 7.00%, and the number of periods is 5. Plugging these values into the formula, we get:
Future Value = $2,232.00 × [(1 + 0.07)^5 - 1] / 0.07
Future Value = $12,431.53
Therefore, the account will have $12,431.53 after 5 years from today.
Total amount refers to the sum or aggregate of all the individual components or values in a given context, often representing the combined or overall quantity, value, or measure of something.
Learn more about total amount here:
https://brainly.com/question/29066172
#SPJ11
Read and summarize Hastings vs. Baton Rouge Hospital.
2. Was there negligence in this case? Why?
3.Read and summarize case Niles vs. City of San Rafael.
4.Was there negligence in this case? Why. Was causation established ? Explain.
Hastings vs. Baton Rouge Hospital: This case is that the Hastings were compensated for the damages that they faced as a result of the defendant’s negligence.
The case is about the plaintiff, Mrs. Hastings, who was suffering from an illness. The defendant’s hospital misdiagnosed her and discharged her from the hospital. Mrs. Hastings continued to suffer from the illness and later on, she was readmitted to the hospital and discovered that she had a tumor that needed surgery. She underwent surgery, but unfortunately, her condition deteriorated and she passed away.
The explanation is that the case revolved around the negligence of the defendant's hospital. The hospital failed to diagnose the illness that Mrs. Hastings was suffering from and instead discharged her from the hospital. The hospital was negligent in its duty of care towards the plaintiff and as a result, the plaintiff suffered damages. The damages suffered by the plaintiff were due to the hospital’s negligence. Therefore, the plaintiff was entitled to compensation.
Niles vs. City of San Rafael:
In this case, Niles was an independent contractor who was hired by the City of San Rafael to paint a water tower. During the painting, Niles fell from the tower and sustained serious injuries. He sued the City of San Rafael for negligence. The main answer is that Niles was compensated for the damages he faced as a result of the defendant’s negligence. The explanation is that the City of San Rafael was negligent in its duty of care towards Niles. The city failed to provide Niles with a safe working environment, which resulted in his injuries. Therefore, the city was responsible for the damages suffered by Niles. Causation was established in this case because there was a direct link between the defendant’s negligence and the plaintiff’s injuries.
Learn more about independent contractor: https://brainly.com/question/30260618
#SPJ11
