Answer: operating expenses are elevated for the quarter
Explanation: The net income of a company is the result of a number of calculations, beginning with revenue and encompassing all expenses and income streams for a given period. The sum of income less all expenses is the net income. This includes expenses for the manufacture of products, operating expenses, interest paid on loans or accrued from investments, additional income streams from subsidiary holdings or the sale of assets, depreciation and amortization of assets, taxes, and even one-time payments for unusual events. Net income, also called net profit or net earnings, is a concrete concept. The figure that most comprehensively reflects a business's profitability—and used in publicly traded companies to calculate their earnings per share (EPS)—represents the renowned bottom line of an income statement.
On January 2, year 1, Union Co. purchased a machine for $264,000 and depreciated it by the straight-line method using an estimated useful life of eight years with no salvage value. On January 2, year 4, Union determined that the machine had a useful life of six years from the date of acquisition and will have a salvage value of $24,000. An accounting change was made in year 4 to reflect the additional data. The accumulated depreciation for this machine should have a balance at December 31, year 4, of
The accumulated depreciation for the machine on Dec 31, Year 4 should be $146,000.
From 1/2/Y1 to 12/31/Y3, depreciation was recorded using an eight-year span on straight line method. Yearly depreciation was $33,000 ($264,000÷8), and accumulated depreciation at 12/31/Y3 was $99,000 ($33,000÷3). In year 4, the estimated useful life was amended and changed to six years total with a salvage value of $24,000.
Therefore, the 12/31/Y3 book value $165,000 ($264,000-$99,000) is depreciated down to the $24,000 salvage value over a remaining useful span of 3 years (6 years total-3 years already recorded). The year 4 depreciation expense is $47,000 [($165,000-$24,000) ÷ 3], thereby increasing accumulated depreciation to $146,000 ($99,000 + $47,000).
Therefore, the accumulated depreciation for the machine on Dec 31, Year 4 should be $146,000.
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discuss axioms of consumer revealed preferences
The axiom of consumer revealed preferences asserts that the strong and weak acts are demonstrated to be identical in a two-dimensional universe with only two options for goods.
What is consumer revealed preferences?According to the economic theory of revealed choice, observing a person's purchase activity is the most accurate approach to gauge their consumption patterns. The rationality of customers is the underlying presumption of revealed preference theory.
According to the revealed preference hypothesis, which was first put forth by American economist Paul Samuelson in 1938, customers' preferences can be inferred from the things they buy when facing various financial and economic situations.
Consumer preferences are the arbitrary tastes, inclinations, and loves and dislikes of an individual. To achieve the best outcomes, you must take into account your target market's personal preferences when creating or marketing a product.
As a result, revealed preference is a means to extrapolate individual preferences from observable choices.
It stands in contrast to efforts to measure preferences or utility directly, such as by stated preferences. If we consider economics to be an empirical field, there is the problem that preferences cannot be seen.
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1. List some of the tools that organizations can use to make the most of its
diverse workforce.
2. define the term diversity in todays context.
3. explain the different types of organizations that result from prevailing assumptions about people and cultures. compare and contrast how minorities are treated in each case
Some of the tools that organizations can use to make the most of its diverse workforce are, assessing the organization's progress toward goals, attracting the employees, retaining employees, etc.
An organization's plan in order to become multicultural and making the most of its diverse workforce should includes the given components, such as: securing top management's leadership and commitment, progress toward goals, attracting employees, and training employees in diversity,
Diversity is the range of human differences. However, having a range of people with various racial, ethnic, cultural, and socioeconomic backgrounds with various lifestyles, interests, and experience.
There are certain different types of organizations that result from prevailing assumptions about people and cultures. A monolithic organization tend to have a very little cultural integration, here its employee population is highly homogeneous.
Hence, in multicultural organizations, diversity not only exists but is also valued.
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most interesting unreliable source
Answer:
Wikipedia
Explanation:
Answers are written by random people editing the pages.
It has loads of information.
The optimum number of subordinates a manager can supervise is referred to as what
The optimum number of subordinates a manager can supervise is referred to as span of control.
Span of control refers to the number of subordinates that can be managed effectively and efficiently by the supervisors or managers in an organization.
Specifically, it is either narrow or wide resulting in a flatter or more hierarchical organizational structure. In it, each type has its own inherent advantages and disadvantages or positive and negative sides.
Therefore, the answer is span of control.
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Highlighting the main points of a text is useful. True False
What do you think is the most important safety concern in the welding or hot work environment?
Answer: Electric shock is one of the most important topics for welders to be educated in, as it can pose an immediate and serious risk. To avoid electrocution, welders must always inspect the electrode holder for damage before starting their weld.
Explanation:
Your favorite restaurant sits 10 tables an hour. They tell you that you will have to wait 30 minutes to be seated. How many tables are waiting ahead of you?
4 tables are waiting ahead of me.
As the restaurant serves 10 tables every hour, we can figure out how long it takes to serve one table using the formula: minutes in an hour/number of tables served in an hour = 60/10 = 6 minutes is taken to serve one table.
We were told to wait for 30 minutes, which means that if a table takes 6 minutes to get services, the restaurant will service about 5 tables in those 30 minutes.
30/6 = 5 tables will be served during those thirty minutes, but since it specifies that one of the tables to be served during those thirty minutes is ours, we deduct 1 table to reach the result that 4 tables are waiting in front of us.
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Which is NOT an Internal Analysisa) Strengthsb) Weaknessesc) Threatsd) Resources
Identify the ethical culture problem at Texaco in the n-rid-1990s. Z. Based on the facts in the case and what you have learned in this chapter, evaluate the culture change efforI that is under way. What cultural systems have been targeted in the culture change eftbrt? What systems are missing, if any? Does the culture appear to be in alignment'? Misalignment? What else might management do that it hasn't alreacly done to make the culture change successful? 3. How long might such a culture change take?
The ethical cultural problem at Texaco in the mid-1990s was known to be racism as well as discrimination against people who were minorities, and also those employees that were of African American descent.
The Culture change effort at Texaco are:
Make us a good companyAfrican-American in central positionsNew form of recruiting systemsTraining Programs should be set up, etc.Missing system were Rituals, Myths and stories. The culture appear to be in misalignment.
The things that could have been done to make the culture change successful are:
Retaining diversified workforceHiring minorities in central positionsSetting up Scholarship and internship programs for minoritiesTo make culture change Successful:
Examine resultsTake consistent surveys and interviewsDocuments need to be analyzedMore reporting in HotlineThe culture change can take about 3-8 months.
What is Texaco issue about?At the close of the 1990s, The Texaco Company was confronted with a variety of issues. The chance to address the issues of minority and female employment exclusion and discrimination in high-status positions like management was the most significant and significant challenge.
The core issue, which was the financial crisis, may be seen as the harmful effects of such issues as racism, unequal compensation, and a lack of ethics. As a result of the financial crisis, the company was forced to make some changes, such as reducing its workforce (Trevino & Nelson, 2010).
Many unethical actions were taken to address the issues and improve the chances of some workers earning more money: Black employees were subjected to verbal abuse and denied the same benefits as their white coworkers; women were denied access to high positions and were unable to realize their full potential; minorities were paid significantly less than their white counterparts.
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Henry spent $550 to make 800 ceramic bowls to sell. What is the $550 he spent called? cost loss revenue profit
COST
LOSS
REVENUE
PROFIT
Answer: Cost.
Explanation:
He spent that money on materials to create a product. That is a cost. If he sold those bowls and $550 is what he made, it is revenue. If he sold the bowls and paid his costs and the new total came out to $550, that is profit. If he priced his bowls too high and spent money on materials that then made him no money, that is a loss of $550 (the total of the materials gone to waste).
On January 1, 2020, Shay Company issues $700,000 of 10%, 15-year bonds. The bonds sell for $684,250. Six years later, on January 1, 2026, Shay retires these bonds by buying them on the open market for $731,500. All interest is accounted for and paid through December 31, 2025, the day before the purchase. The straight-line method is used to amortize any bond discount.
-What is the amount of the discount on the bonds at issuance?
-How much amortization of the discount is recorded on the bonds for the entire period from January 1, 2020, through December 31, 2025?
-What is the carrying (book) value of the bonds as of the close of business on December 31, 2025?
-Prepare the journal entry to record the bond retirement.
1. The amount of the bond discount at issuance is $15,750.
2. $6,300 amortization discount has been recorded on the bonds from January 1, 2020, through December 31, 2025.
3. The carrying (book) value of the bonds as of the close of business on December 31, 2025, is $690,550.
4. The journal entry to record the bond retirement at a loss is as follows:
Journal Entry:Account Titles Debit Credit
December 31, 2025:
Bonds Payable $700,000
Retirement Loss $40,950
Cash $731,500
Bond Discounts $9,450
Bonds' issuance date = January 1, 2020
Face value of bonds = $700,000
Sales proceeds = $684,250
Bond discounts at issuance = $15,750 ($700,000 - $684,250)
Period of bonds = 15 years
Coupon rate = 10%
Bond's retirement on Jan. 1, 2026 = $731,500
Bond discount amortization method = straight-line
Annual bond amortization = $1,050 ($15,750/15)
Bond amortized after 6 years = $6,300 ($1,050 x 6)
Carrying value of bonds on December 31, 2025 = $690,550 ($700,000 - $9,450)
Carrying value of bond discounts = $9,450 ($15,750 - $6,300)
Transaction Analysis:Bonds Payable $700,000 Retirement Loss $40,950 Cash $731,500 Bond Discounts $9,450
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HETWIN is a supermarket chain that operates 500 stores. the companys sales have fallen behind its competitors as it currently does not offer its customers online shopping service. it is considering a proposal to establish an online shopping service using the technology of NOBEL,an existing online retailer.
sales revenue and gross profits
the number of customers using the online delivery service in the first five years is estimated to be as follows
Yr. 1 100,000. customers per week
Yr. 2. 120,000. //
Yr. 3. 150,000. //
Yr. 4. 160,000. //
Yr. 5. 170,000. //
customers are expected to spend an avregae of $200 per week. Delivery to customers will be free of charge. the expected gross profit margin is 20% of selling price
loss of existing in store sales
it is estimated that 30% of customers purching online would habe purchased in store if the online facility was not available. the sales revenue per customer and gross profits margin on online sales will be the same as that for in store sales
capital expenditure
HETWIN will purchase a fleet of delivery vehicles costing $15 million. the vichels will have a useful life for five years and will be depreciated on a stright line basis.they will have no residual value at the end of the five year period. the vehicle will be eligible for tax depreciation.
contract with the online retailer
the contract with NOBEL will be for an initial period of 5 years. HETWIN will pay $340million to buy one of NOBEL existing warehouse. HETWIN will also invest $90million to expand the facility. the expanded warehouse will then be leaseed back to NOBEL for five years for fee of $20million per annum. the cost of purchasing the warehouse and expansion Cost will not be eligible for tax depreciation the warehouse will have a realisable value of $350million at the end of the five years period. HETWIN will pay 1% of gross profit from the online business to NOBLE. HETWIN wi also pay a fee of & 30million per annum to license the technology and as a contribution towards NOBEL research and development costs.
other operating costs
the online operation will result I. additional costs in the five year of & 60million, including delivery costs but excluding depreciation. this amount will raise by $5million each year as a customer numbers increase.
taxation
HETWIN fianacial director has provided the following taxation information:
* tax depreciation: 25% per annum of the reducing balance, with a balancing adjustment in the year of disposable
* taxation rate: 30% of taxable profotits. half of the tax is payable in the year in which it arises., the balance is paid in the following year.
* HETWIN has sufficient taxable profits from other parts of its business to enable the offset of any pre tax losses on this project
other information
* a cost of capital is 12%. per annum is used to elevate the project of this type.
* ignore inflation
Required
evaluate HETWIN using the discounted cash flow model if growth rate is 5%
The Millennium Technological Prize is a technology prize as opposed to the Nobel Prize, which is a science honor.
What Is a Nobel Prize for technology?In contrast to the Nobel Prize, which is given for science, the Millennium Technology Prize is given for technology. In addition, while the Nobel Prize is given for fundamental research, the Millennium Technology Prize may go to a recently conceived innovation that is still under development.When he passed away in 1896, Swedish chemist, inventor, engineer, businessman, and inventor Alfred Nobel held 355 patents worldwide. He experimented with creating synthetic leather, rubber, and silk among many other things. He also created dynamite.Of explosives It was the first step toward what would turn out to be his greatest achievement: the creation of dynamite. In 1867, Alfred Nobel received a patent for his nitroglycerine-based explosive, dynamite.To Learn more About Nobel Prize refer to:
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What are real services that offer free E-gift cards?
Alice isn't sure which labor rate to use for employees in her project budget. Which employee labor rate should you tell her to use
Burden rates are a method of accounting for labor costs on your project. Essentially, each employee costs you a specific amount to have at your organization, and that cost is measured on your projects when they work on them.
How do you calculate labor costs?Add the whole cost of what an employee spends to manufacture a product or provide a service. Their earnings, taxes, and benefits are all included. Then divide that figure by the number of hours worked by the employee.
Labor cost percentages range from 20 to 35 percent of gross sales on average. Appropriate percentages differ depending on the industry. A service company may have an employee percentage of 50% or higher, but a manufacturer must normally maintain the figure of around 30%.
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Victoria Secret maintains a large data warehouse in which it keeps track of inventory, buying patterns, and regional differences. An examination of information from a data warehouse subset that contained data from its Miami, Florida, stores showed that for every one black bra purchased ten ivory bras were purchased. This subset is referred to as a(n):
information network or data mine?
Under this situation, the subset is referred to as an internet network. Although they are frequently used terms interchangeably, the internet and the World Wide Web are not the same thing. The correct option is (a).
What do you mean by the internet network?
The phrase "the network of networks" is the simplest way to describe the Internet. It is, in a sense, the joining of various computer networks into a single entity. It is a network of several smaller computers rather than a single large computer.
Wi-Fi, broadband, DSL, and cable are examples of internet network types. The internet is a network of interconnected, private, public, business, academic, and governmental networks that enables global communication and access to informational resources.
Therefore, under this situation, the subset is referred to as an internet network. Although they are frequently used terms interchangeably, the internet and the World Wide Web are not the same thing.
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What is the 80% rule? (1 point)
O Insurance companies will require the policy holder to cover 80% of the deductible up front.
O Banks holding mortgages require the policy holder to embed 80% of the premiums into the mortgage.
O Insurance companies require that 20% of the replacement cost of the property be set as the deductible.
Insurance companies will require the policy holder take 80% of the replacement cost of the entire property
in coverage, or they will reduce the reimbursements by a proportionate amount.
According to the "80% rule," an insurer will only completely cover the cost of a home's damage if the owner has insurance coverage totaling at least 80% of the home's entire replacement cost.
What does the "80% rule" in insurance mean?Most insurance companies mandate that in order to receive full coverage, homeowners must purchase replacement cost insurance worth at least 80% of the value of their property.
According to the "80% rule," an insurer will only completely cover a home's damage costs if the owner has insurance coverage that is at least 80% of the home's entire replacement value.
The insurance limit must be at least 80% of the building's worth, for instance, if your building is subject to 80% coinsurance. Your claim payment will be diminished proportionately to any shortfall if the policy maximum you've chosen falls short of the required percentage.
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Identify whether each of the following examples belongs in M1 or M2. If an example belongs in both, be sure to check both boxes. Example M1 M2 Edison has a roll of quarters that he just withdrew from the bank to do laundry. Kevin has $25,000 in a money market account. Maria has $8,000 in a two-year certificate of deposit (CD).
Kevin has $25,000 in a money market account. = M2. Money market account is grouped under M2 and means a condition where the deposits of many depositors are gathered purposely for investing in viable ventures such as short-term government bonds.
ii. Maria has $8,000 in a two-year certificate of deposit (CD). = M2. A two-year certificate of deposit is classified under M2 and means to account that the depositors are ready to keep in the bank for a particular period and gain a higher interest.
iii. Edison has a roll of quarters that he just withdrew from the bank to do laundry. = M1 and M2. A roll of quarters is currency in circulation. The currency in circulation falls under M1 and M2.
What is an M1 and M2 in economics?In economics, money is refered to as M1 and M2. M1 is made up of currency in circulation, traveler's checks as well as checkable deposits. On the other hand, M2 is made up of all components of M1 and other assets like small time deposits, savings deposits, and money market accounts.
Therefore, the correct answer is as given above
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Sam was employed by AYOO Limited on December 8, 2019. He was born on December 8, 1964 and will retire from the services of the company on December 8, 2024. This was carefully planned to give Sam a befitting birthday present. His basic monthly salaries are: • 2019: GH¢3,522.86; . 2020:GH¢4,200.02 ° 2021:GH¢4,600.15 °2022:GH¢5,000.64 °2023:GH¢5,344.56 °2024:GH¢6,122.52 Assumed that the discount rate applicable to koo in the company is 13%. using lev and schwartz economic model. what is the value of Sam
Using lev and schwartz economic model the value of Sam is 2,07,743
Year Salary Discount Rate Factor c= a*b
Present Value
2019-20 50000 0.885 44250
2020-21 55035 0.783 43092
2021-22 59854 0.693 41479
2022-23 64038 0.613 39255
2023-24 73052 0.543 39667
Total Value 207743
Working note:
Salary of 2019-20= 3522.86 ×24 days
30 days
4200.02×11 months
50000
Salary of 2020-21= 4200.02 × 24 days
30 days
= 55035
Salary of 2021-22= 4605.15/ 30days × 24 days
= 59854
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Do any of the actions Day took to change the culture align with Lewin & Schein's Model of Change? How? Help me quick!!
Lewin's change model is a framework for humanizing the change management process that is simple and easy to understand. You are able to plan and carry out the necessary change thanks to these three distinct stages of change—unfreeze, change, and refreeze.
How can Lewin's model of change be put to use?Lewin's model of change management can be used in a lot of different situations. It teaches you, for instance, how to engage employees in significant organizational changes and why some people and organizations are more motivated by the need for social approval than by financial incentives.
What is the model of Schein?The idea behind the Schein's Model of Organizational Culture is to explain the idea of culture and how it affects businesses. It is a dynamic model of group dynamics and learning.
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Depreciation by Three Methods; Partial Years McMullen Company purchased tool sharpening equipment on May 1 for $162,000. The equipment was expected to have a useful life of three years, or 12,000 operating hours, and a residual value of $3,600. The equipment was used for 2,400 hours during Year 1, 3,900 hours in Year 2, 4,050 hours in Year 3, and 1,650 hours in Year 4. Required: Determine the amount of depreciation expense for the years ended December 31, Year 1, Year 2, Year 3, and Year 4, by (a) the straight-line method, (b) the units-of-activity method, and (c) the double-declining-balance method. Note: Round all values for each depreciation method and each year to the nearest whole dollar.
Answer:ayton Company purchased tool sharpening equipment on October 1 for $108,000. The equipment was expected to have a useful life of three years, or 12,000 operating hours, a residual value of $7,200. The equipment was used for 1,350 hours during year 1, 4,200 hours in Year 2, 3,650 hours in Year 3, and 2,800 hours in Year 4.
Required: Determine the amount of depreciation expense for the years ended December 31, Year 1, Year 2, Year 3, and Year 4, by (a) the straight-line method, (b) units-of-output method, and (c) the double-declining-balance method.
a. Straight-line method. Answer Year 4 amount.
Year Amount
Year 1 $8,400
Year 2 $33,600
Year 3 $33,600
Year 4 $_____
c. Double-declining balance method. Answer years 2 to 4.
Year Amount
Year 1 $18,000
Year 2 $_____
Year 3 $_____
Year 4 $_____
Explanation:
A designated brokerage appointment is established when
Designated Brokerage was established to completely detach the broker-client connection from the company, the employing broker, and any employed associate brokers.
What exactly is a designated appointed agency?In a real estate transaction, a designated agency occurs when two agents from the same broker represent the parties. Agency appointed is another name for designated agency. In a designated agency scenario, despite the fact that both agents are employed by the same broker, each party has the option of receiving representation from a separate agent.
Note that a designated broker is the owner of a real estate company who is in charge of managing daily operations for other brokers, office personnel, and private clients.
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4 . Which of the following economic actions increases the amount of current assets?
A receipt of cash from customers.
A purchase of raw material, on credit.
A purchase of raw material, for cash.
A payment to suppliers.
Question 2 (0.5 points) ✓ Saved
Ms. Studebaker started as a sole proprietor and now that she has employees, she must consider her company
as a factor for drawing on the right talent.
a) General Liability Insurance
b) Third Party Supply Management
c) Culture
d) Employee Turnover
e) Supplier Relationships
Since Ms. Studebaker began as a solo entrepreneur and now has staff, she must take her company culture into account while trying to attract the best personnel.
What exactly is corporate culture and why is it significant?Workplace behavior is governed by company culture. It's the culmination of all of your official and informal processes, attitudes, and beliefs that work together to give your staff and consumers a positive experience. Company culture is really about how things are done in the office.
How can a company's culture recruit employees?A positive, visible, and embedded culture that is supported at all organizational levels can increase retention in addition to attracting new employees; staff members who identify with the culture and values of the company are more likely to be satisfied with their jobs and motivated to stick around.
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12. Robert bought shares of 6% $100 face value at a price of $120. Sam bought shares of 8% $20 face value at $30. Whose investment was better?
6% $ 100 shares at $ 120
i.e., the annual income from 1 share of nominal value $ 100 is $ 6, investment for 1 share being $ 120.
Therefore, profit percentage = 6/120 × 100 % = 5%
Therefore, Robert’s shares give him a profit of 5%
8 % $ 20 shares at $ 30
i.e., the annual income from 1 share of nominal value $ 20 is $ (8×20)/100 = $ 85, investment for 1 share being $ 30.
Profit percentage = [$(8/5)/$30] × 100 %
= 16/3 %
Therefore, Adrian’s shares give him a profit of 16/3% >5%
Therefore, Adrian’s investment was better.
How do I graduate from high school from Tennessee?
In order to graduate from high school from Tennessee following criteria needs to be fulfilled:
1. Obtain 22 credits of coursework
2. Pass all end of courses exam
3. Take the SAT or ACT in grade 11.
4. Complete 60 credits hours at an accredited senior institution.
These are the points required to graduate from high school.
Fun fact
The first official Tennessee High School opened in 1916 on Alabama Street. The first part of the current campus was built in 1939. The Bristol Municipal Stadium, also known as the Stone Castle, hosts football and soccer games and was built in 1936 as part of the New Deal.
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Assume you are 25 and earn 29,000 $ per year, never expect to receive a raise, and plan to retire at age 55. If you invest 5 percent of your salary in a 401(k) plan returning 8 percent annually, and the company provides a $0.50 per $1.00 match on your contributions up to 3 percent of salary, what is the estimated future value of your 401(k) account? Once you retire, how much can you withdraw monthly if you want to deplete your account over 30 years?
Once you retire, the amount that you can withdraw monthly if you want to deplete your account over 30 years equals to $17,963.1013.
What is a Retirement Account?Basically, a retirement account is considered a savings plan for future income after retirement. People makes deposits to an interest-earning investment on a fixed interval to grow the value of the account.
Annual contribution from employee = $29,000 * 5% = $1,450
Annual contribution from employer = $1,450 * 50% = $725
Number of years in the accumulation phase (N1) = 55 - 25 = 30
Annual interest rate (I) = 8 %
Number of monthly payments in the distribution phase (N2) = 30 x 12 = 360
Annual contribution = $1,450 + $725 = $2,175
The future value of retirement account after 30 years:
= $2,175 * (((1 + 8%)^30 - 1) / 8%)
= $2,175 * 113.283211113
= $246,390.984
The monthly withdrawal after retirement:
= $246,390.984 / (((1 + 8%/12)^-360) / 8%/12)
= $246,390.984 / (0.09144337233/0.00666666666)
= $246,390.984 / 13.7165058632
= $17,963.1013
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How can a young adult maximize the benefits of their education and career training? Determining a specific industry of interest early in their programs Earning the highest degree possible from one of the best universities Trying as many different types of classes and training as are available Avoiding any career certification programs as they are not worthwhile
By trying as many different types of classes and training as are available, a young adult abilities maximize the benefits of their education and career training communication.
You can also boost your confidence by developing new communication and problem-solving abilities and by accomplishing your goals. Your personality type and the degree of job fulfilment you want are two of the most important factors to take into account. Show how your goals fit with the long-term objectives and vision of the organization. Explain to the interviewer communication the position will help you acquire the knowledge and expertise required to realize abilities career goals. Making a career plan is crucial because it provides the direction you need and clarifies where you want to go in your career.
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performance measures on procure to pay?
Answer: Efficiency
Explanation:
1. Cost per invoice, purchase order and/or transaction.
2. Invoice cycle time – Average length of time from receipt of an invoice 3. up to payment approval.
4. Purchase order cycle time.
5. Number of invoices processed per FTE.
6. Percentage of invoices process straight-through.
7. First time match rate.
8. Number of supplier inquiries.
A procurement KPI or metric is a measurable value that tracks all relevant aspects of obtaining or buying goods and services. These KPIs enable the procurement department to control and optimize the quantity, quality, costs, timing and sourcing of purchasing processes.
The 10 Most Important KPIs at a Glance:Cost Per Invoice.Invoice Processing Times.Average Payment Period.First-Time Match Rate.On-Time Payment Rate.Realized Cash Discount Rate.Duplicate Payments Rate.Supplier Rate Per 1,000 Invoices.Automatically Processed Invoices Rate.Contactless Invoice Processing Rate.QUESTION 16
Which of the following statements is true about target marketing?
O a. is no longer used by most companies today
O b. it is not an efficient marketing strategy to attract customers
O c. it allows you to focus on those people most likely to buy your company's products
O d. follows the same strategies used for mass marketing
The true statements about the target marketing is that it allows you to focus on those people most likely to buy your company's products
What is a target marketing?In marketing, a target market refers to the group of customers with shared demographics who have been identified as the most likely buyers of a company's product or service. It is also a marketing strategy that breaks a market into segments and then concentrates your marketing efforts on one or a few key segments consisting of the customers whose needs and desires most closely match your product or service offerings.
The purpose of a Target Market is that once a target market is identified, it can influence a product's design, packaging, price, promotion and distribution.
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