Customers are typically thought of as those who make purchases of goods or services. The term internal customer refers to any person who, at any given time, depends on another person within a company.
Internal customers also require quality in order to perform their duties successfully, and one meaning of the customer is the next individual or process to use my output; depending on where your action is situated in the supply chain, this can obviously be either an internal or an external customer. For instance, the salaries department produces appropriate wages, and its clients are all internal, that is the staff. Internal customer service is the assistance given to coworkers, other organizational divisions, vendors, and anybody else with whom an employee deals in the course of performing their duties. internal customer is important as it creates an improvement in employee satisfaction, cost-effective personnel acquisition, increased productivity and performance of employees.
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2.if a company purchases $50,000 of equipment on credit, how much did total owners’ equity increase?
The total owners' equity would increase by $50,000 as the company purchased $50,000 of equipment on credit.
This increase in owners' equity reflects the company's ability to acquire new assets using external sources of financing, such as debt or equity.
The increase in owners' equity is a result of borrowing funds from lenders, such as a bank or other credit provider, or from issuing additional shares to shareholders.
The company's ability to borrow funds and acquire assets through these means is a sign of financial strength and stability, as creditors are more likely to provide funds to a company that has been able to successfully obtain and use them in the past.
When these funds are used to purchase new equipment, the company's total owners' equity increases, representing a rise in the company's value.
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When a partner is unable to pay a capital deficiency:a. The remaining partners must wait for the deficiency to be paid before cash is distributed.b. The partner must take out a loan to cover the deficient balance. c. The deficient partner is relieved of the liability.d. The partnership ends before distribution of cash.e. The deficiency is absorbed by the remaining partners before distribution of cash.
When a partner is unable to pay a capital deficiency option b. The partner must take out a loan to cover the deficient balance.
A partner's capital account may have a negative balance due to excessive withdrawals from the company or loss from realisation. "Capital Deficiency" is the name given to such a debt balance. If one of the partners is financially stable, he will need to provide funds to make up for the capital shortfall.
Deficiency is a phrase used to describe any obligation that is still owed after a creditor sells the assets used to secure a loan. A deficient balance is the sum of the net differences between the principal balance of a secured loan and the proceeds from the sale of the collateral used to secure the loan.
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if we make allowances for the dynamic changes that might result from trade, which statement regarding openness of an economy and growth might be true? multiple choice question. dynamic changes that result from trade make economies grow more slowly. both open and closed economies tend to grow at the same rate. economies closed to trade are more likely to grow at a faster rate. economies that are open to trade grow at a faster rate economically than those that are closed.
The following statement that is true about openness of an economy and growth is Economies that are open to trade grow at a faster rate economically than those that are closed. So the correct option is C.
In political economy and business, An economic openness generally can be defined as the degree to which nondomestic transactions (imports and exports) take place and affect the size and growth of a national economy. The actual size of registered imports and exports within a national economy, also known as the Impex rate usually used to determine the economic openness. Economic openness give a benefit by increasing capital formation and total factor productivity.
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(A). If the price of good 1 doubles, the price of good 2 becomes 8 times larger, and income becomes 4 times larger, then what is the equation for the budget line? What can you infer about the slope and intercepts of the new budget line?
(B) If the price of good 1 doubles and the price of good 2 triples, then does the budget line become flatter or steeper? What can you infer about its intercepts?.
A. The equation for the budget line can be represented as P1x1 + P2x2 = m, where P1 and P2 are the prices of goods 1 and 2, x1 and x2 are the quantities of goods 1 and 2, and m is the income.
If the price of good 1 doubles and the price of good 2 becomes 8 times larger, and the income becomes 4 times larger, the new equation would be 2P1x1 + 8P2x2 = 4m.
In terms of the slope and intercepts of the new budget line, a change in the price of goods changes the slope of the budget line, while a change in income changes the intercepts of the budget line. Since both the price of goods and income have changed, both the slope and intercepts of the budget line will change as well.
The new budget line will have a steeper slope, reflecting the increase in the price of goods, and its intercepts will be higher, reflecting the increase in income.
B. If the price of good 1 doubles and the price of good 2 triples, the slope of the budget line becomes steeper, reflecting the larger increase in the price of good 2 compared to good 1. A steeper budget line means that the consumer can afford to purchase less of both goods, and they will have to choose between the two more carefully.
In terms of the intercepts of the budget line, since the increase in prices does not affect the income, the intercepts remain the same. This means that the budget line will shift upward along the same axis as the original budget line, reflecting the increase in the prices of goods.
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when should a product owner develop preliminary iteration goals
A product owner should develop preliminary iteration goals at the beginning of each iteration cycle in an Agile development process.
The purpose of an iteration cycle is to deliver a working, usable piece of software or product increment. Setting clear goals at the beginning of each iteration helps the team to focus their efforts and prioritize their work. It also provides a clear understanding of what is expected to be delivered at the end of the iteration.
The product owner should work with the development team to define the goals for the iteration, taking into account any user stories, bug fixes, technical tasks, or other items that need to be completed. The goals should be specific, measurable, achievable, relevant, and time-bound (SMART) to ensure that the team is able to deliver a meaningful and valuable product increment at the end of each iteration.
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which intuit payroll offering requires that you actively process the payment of the payroll liabilities inside of quickbooks desktop
The full service intuit payroll offering requires a person to actively process the payment of the payroll liabilities inside of the QuickBooks desktop. Therefore, the option A holds true.
The payroll system is a feature offered under the QuickBooks software. This feature has been widely used by people to process the different payments that they need to make as a part of their regular monetary operations. The full-service payroll under this software allows paying the liabilities only when the payments are processed actively.
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Complete question
which intuit payroll offering requires that you actively process the payment of the payroll liabilities inside of quickbooks desktop
A. Full service
B. Partial service
C. Zero Service
D. None of the above
Which of the following accounts is usually increased with a credit when
entered into a journal?
OA. Liability
B. Asset
O C. Loss
OD. Expense
Liability, equity, and income accounts are all boosted by credits. Asset and cost accounts drop after credits.
When a credit is entered into one of the following accounts, which account is often raised with a credit?Sales revenue is an income account, and as all income and liabilities are credited in accounting, credit entries will raise the sales revenue account.Liability, equity, and income accounts are all boosted by credits. Asset and cost accounts drop after credits.A debit results in a rise in the account's inventory. Asset accounts grow with debits and contract with credits, while inventory accounts do the same. The other three accounts—liabilities, equity, and revenue—all have a credit balance that is reduced by debit entries. They are all three accounts.To learn more about credits refer to:
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how do the five competitive forces in porter’s five forces model affect the average profitability of the industry?
These factors of five forces model have an impact on the number and power of a company's competitors in the market, potential new market participants, suppliers, customers, and replacement products.
An analytical technique for determining how a company's competition impacts its operational environment is the Porter Five Forces model . It derives five dynamics from industrial organisation economics that influence how fiercely a market is competitive and, as a result, how desirable (or unpleasant) a certain sector of the economy is. Porter identifies five elements that might affect corporate strategy: industry competition, the potential for new entrants, supplier and customer power, and the threat of substitute products. This essay's major objective is to make clear how profits can be sustained in the face of haggling and direct and indirect competition.
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marah is reviewing how well her employee, ozlem, managed her budget this year. why would marah review how well ozlem managed her budget?
Marah is reviewing how well Ozlem managed her budget to evaluate the performance of Ozlem as well as her organizational department.
The amount spent by Ozlem on various activities and items is an important management metric to use in reviewing the effectiveness of her department procedures and how effective they are at controlling costs. A budget is also an indicator by which businesses can forecast revenue and expenses, as well as look for potential issues.
It also helps to evaluate the decision-making abilities of the manager and how well he/she can manage costs. The performance of a manager can also be evaluated on the basis of quality and quantity of work, leadership abilities, communication skills, management skills, etc.
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for ben to be indifferent, from an economist’s point of view between teaching and touring, he would need to make _______ when choosing either option.
For Ben to be disinterested in education and travel from an economist's point of view, we need to make a personal observation as to which option to choose.
One word he has is observation. This means the ability to notice important details, or the process of observing different things to gather information. Being observant can make you a better decision maker. It helps identify all the important details related to the problem and its solution.
Personal observation is the first step in the decision-making process. Curiosity and observation are two very important words in the decision-making process. Curiosity means the desire to know and learn about something. Curious people don't accept anything easily. He is always skeptical of everything. Curious people are always asking questions and trying to find answers to those questions. Being curious helps you make the right decisions.
You might ask this question, how does curiosity help you make decisions? It means you can. Curiosity also stimulates other processes that help us make decisions. These include questioning, questioning about things, experimentation, visualization, skepticism, evaluation, recognizing different patterns, imaginative thinking, logical thinking, prediction, speculation, etc. All of these processes will lead you to the right decisions.
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in documenting the procedures used by several interacting departments the internal auditor will most likely use a(n)
In documenting the procedures used by several interacting departments, the internal auditor will most likely use a flowchart or process map. Internal auditors can make good use of flowcharts and process maps to record the practices followed by various departments and pinpoint opportunities for improvement.
A flowchart is a diagram that shows a process's steps and their sequential order. The internal auditor can examine the full process at a look and pinpoint locations where the procedures may overlap or interact with one another by utilizing a flowchart to document the processes employed by various departments.
Similar to a flowchart, a process map often contains more specific information about each step in the process, such as who is in charge of carrying out the phase and what tools or resources are needed.
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Flow charts do all of the following excepta.) Provide a graphical/pictorial view of the processb.) Identify non value added stepsc.) Provide a written narrative view of the processd.) Display customer supplier relationships
The correct response is b.) Identify non value added steps. Flow charts Provide non value.
A flowchart is an illustration of a diagram that shows a workflow or procedure. Another definition of a flowchart is a diagrammatic depiction of an algorithm or a method for solving a problem step-by-step. The flowchart displays the steps as a variety of box types, with arrows linking the boxes in the appropriate order. An example of a solution model to a given problem is shown in this diagrammatic representation. In many different industries, flowcharts are used for program or process management, design, documentation, analysis, and more. Creating and preserving basic processes or programs can be done using flowcharts. They aid in process visualization, like other diagram kinds. In most cases, additional types of diagrams are used in conjunction with flowcharts to illustrate certain parts of processes.
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A business incurs the following costs per unit: Labor $5/unit; Materials $3/unit and rent $5000/month. If the firm produces 1000 units a month, the total variable costs equals:a. $5,000.b. $8,000.c. $13,000.d. $10,000.
The total variable costs are equal to $8000. Hence option (B) is correct.
Variable cost =Q*(total per unit cost)
total per unit cost = labor per unit + material per unit
=5+3
=8
variable cost =1000*8
=$8000
An organization's total variable expense is the costs that adjust in connection to the all-out creation during a given period. These costs are directly connected with a business volume of creation and may add or decline dependent upon how much an association produces.
Instances of variable expenses are deals commissions, direct work costs, the expense of unrefined substances utilized underway, and utility expenses. Variable expenses are generally seen as momentary expenses as they can be changed rapidly.
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what factors influence a parent firm’s decision to undertake a spin-off rather than a divestiture or equity carve-out?
The decision to pursue a spin-off rather than a divestiture or equity spin-off is largely determined by the strategic goals of the parent company. A parent company may choose to demerge if it wants to retain control of the demerged business and retain some of the financial or operational benefits associated with it.
A spin-off also allows the parent company to retain some level of influence over the spun-off business and its operations. Additionally, a spin-off may be more attractive to the parent if the spin-off has a high level of market recognition and brand equity that can be leveraged for growth. Finally, a spin-off can be a more tax-efficient way to sell off a business than a divestment or spin-off of equity.
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how to find roa of barlet company
ROA is calculated by dividing a company's net income by the average of its total assets.
The basic formula for roa to divide a company's net income by its average total assets and then multiply the result by 100 to convert the final figure to a percentage.Although there are several formulas,return on assets (ROA) is generally calculated by dividing a company's net income by its average total assets.Average total assets can be calculated by adding the ending total assets of the previous period to the ending total assets of the current period and dividing the result by two.This is done by dividing the company's total revenue by its average assets,with total revenue being the numerator and average assets being the denominator.Return on assets is a type of return on investment (ROI) metric that measures a company's profitability relative to its total assets.This ratio indicates how well a company is performing by comparing the profit net income it is generating to the capital that is invested in assets.
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according to the study guide, why were certain governments more willing to embrace financial globalisation from the 1970s onwards?
While the Mexican and Asian crises of the 1970s certainly made emerging markets more cautious, most developed countries have fully embraced financial globalization.
Financial globalization and financial inclusion are fundamentally different concepts. Financial globalization is an overall concept that refers to the increasing number of global connections created by finance.
Financial integration refers to the connection of countries to international capital markets. Clearly, these concepts are closely related. For example, increasing financial globalization is inevitably associated with an average increase in financial integration. Therefore, the two terms are used synonymously in this work.
More relevant for the purposes of this paper is the distinction between statutory financial consolidation and actual capital flows in relation to capital account liberalization policies. For example, indicator measures of the extent of government restrictions on cross-border capital movements have been widely used in the literature.
On the one hand, this measure means that many Latin American countries will be considered cut off from financial flows. On the other hand, the amount of capital actually crossing borders in these countries is large compared to the average amount of such flows in all developing countries. So these Latin American countries are actually very open to global financial flows. In contrast, some African countries have few formal restrictions on capital account transactions but have not experienced significant capital flows.
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what is generally the size (in dollars) of a single bond that has been issued by a corporation? in your answer, do not include $ sign or commas.
$1000 is generally the size of a single bond that has been issued by a corporation.
What is corporation?A company is a separate legal entity from its shareholders. Many of the same legal rights and obligations apply to corporations as to people. They are able to sign contracts, make loans and take loans, sue and be sued, hire staff, possess assets, and pay taxes.
A person or group of people who engage in commercial business activities in order to make a profit is referred to as a firm. Company is a colloquial phrase without official recognition, rules, or authorizations. Although not all firms are corporations, a corporation is usually a company.
Thus, $1000 is generally the size of a single bond.
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in a free enterprise system, what is the most common way that consumers make their desires known to businesses? a. e-mailing or texting the companies b. protesting and boycotting products c. buying or not buying products d. hiring lobbyists to speak for them
The most frequent method that customers communicate their preferences to firms is by purchasing or refusing to purchase things, hence choice C is correct.
The consumers are who?They are individuals or other types of businesses who make use of a product or service. Additionally, they don't sell the goods they purchased. They are the final recipients of products and services in the supply chain. In reality, the buyer may not always be the customer.
What is a consumer, for instance?Any individual or group who makes ultimate use of a good or service is referred to as a consumer. Here are a few instances: a client who spends money having their hair styled and trimmed by a hairstylist. a business that purchases a printer for business use.
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procter and gamble has perfected a technique for compacting cleaning powder into a liquid concentration. consumers, retailers, shipping and wholesalers, and environmentalists all have benefited from the resulting change in consumer shopping habits and the revolution in industry supply-chain economics. according to the text, this is an example of
Three steps make up effective strategic management: planning, executing, and monitoring developments and progress. Actions speak louder than words in strategic management.
Performance improvements may not be realized despite sound strategic planning that results in the right choices. The shareholders, the management, which is headed by the CEO, and the workforce make up the three main players in corporate governance. The interests of shareholders are constantly considered in board decisions. Setting goals. Making a plan to help you realize your vision is the main goal of the strategic management approach. Scanning and analysis of the environment. The analysis is the next step in the process. Implementing a strategy, developing a strategy, etc. Analyzing a strategy.
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a company had total revenue during the year of $88,000, and total expenses of $66,000. to close the income summary account at the end of the year requires a:
The company's annual sales were $88,000 while its annual expenses were $66,000. $22,000 ($88,000 – $66,000 = $22,000) should be debited from the total income account and credited to the retained earnings account.
define total expenses?
Total expenses for the period refer to the sum of all gross cash expenses plus all dependent ongoing expenses such as administrative expenses, incentives, interest and taxes. The company may have high total income from the income statement. Examples of expenses include rent, utilities, wages, salaries, maintenance, depreciation, insurance, and cost of goods sold. Expenses are typically recurring payments required to run a business. Put simply, spending means costs. From an accounting perspective, expenses are operating costs incurred to generate business revenue. It means an outflow of money in exchange for goods or services.
Expenses can also be written as the sum of all trades that generally generate a profit.
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Kode Co. manufactures a major product that gives rise to a by-product called May. May's only separable cost is a $1 selling cost when a unit is sold for $4. Kode accounts for May's sales by deducting the $3 net amount from the cost of goods sold of the major product. There are no inventories. If Kode were to change its method of accounting for May from a by-product to a joint product, what would be the effect on Kode's overall gross margin?
a. No effect.
b. Gross margin increases by $1 for each unit of May sold.
c. Gross margin increases by $3 for each unit of May sold.
d. Gross margin increases by $4 for each unit of May sold.
If Kode were to change its method of accounting for May from a by-product to a joint product, then the effect on Kode's overall gross margin will be option b. Gross margin increases by $1 for each unit of May sold.
Separable costs are those expenses incurred following the moment at which a production line is split off which can be attributed to certain outputs. One of these goods should not be sold for less than the sum of the separable costs incurred, as doing so would result in a loss.
The ratio of income divided by the price of goods sold is known as the gross margin. Percentages are used to represent gross margin. It is often computed as the sale price of a product divided by the identical selling price, less the cost of goods sold.
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your client has been preparing payroll in their quickbooks all year, but they recently got a notice from the irs that the information for social security employee was not correct. what statement about the payroll checkup tool is correct?
You can still process payroll tax forms in an Accountant's Copy even though there are transaction limitations for processing payroll.
What is payroll?The salary that a business owes its employees for a particular period of time or on a particular day is known as payroll. Usually, the accounting or human resources department of a business handles it. Specialized businesses are being hired to handle the processing of payroll, employee benefits, insurance, and accounting tasks including tax withholding. Payroll can also refer to a company's employee list and the salaries that are owed to each of them. Payroll is frequently a sizable expense for businesses, one that may nearly always be written off from gross income to lower taxable income. Payroll might differ from one pay period to the next due to overtime, sick pay, and other elements.
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staff have been reluctant to share on-the-job experiences with coworkers. hr wants to update all job descriptions to reflect the expectation that this should take place. how can hr assess that this change has been successfully implemented? answers meeting attendance management rewards distributed incorrect peer evaluations correct performance evaluations
HR can determine whether this task gets implemented through performance reviews.
A reluctant student is what?These students avoid eye contact, keep their heads down, and refuse to finish assignments. They occasionally just don't seem to be interested at all. Success depends on being able to recognize and engage reluctant learners. Both "inclined to be completely quiet or socially awkward in speech" and "reluctant" are synonyms for "reticent." Although some people find the "reluctant" sense awkward, it has been widely used for many years.
Reason: HR specialists are crucial in promoting knowledge management. They foster a culture of knowledge sharing among new hires and promote innovation, creativity, and knowledge transfer through training and performance monitoring programs.
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brenda's six-month-old has a beautiful room. her brand new crib has solid headboards with no cutouts. the crib mattress is soft and fluffy with a very snug fit in the crib. how can beth improve the safety of her daughter's room?
Brenda can move her daughter to a booster seat. A booster seat allows a child to take a seat on top of the seat and 'carry' them up to a level in which the protection belts lie across the strong bones.
And pelvis of the child and preserve them relaxed. The protection belt is supposed to help grown-usaand the supporter with seating goes approximately because the extra assist to fit the extent of a grown-up
A baby safety seat, occasionally called an toddler safety seat, child restraint device, child seat, baby seat, car seat, or a booster seat, is a seat designed specially to defend youngsters from harm or loss of life throughout car collisions. most commonly those seats are bought and set up by means of vehicle owners, however automobile manufacturers may also integrate them directly into their car's design and generally are required to provide anchors and make certain seat belt compatibility.
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considering a long time period (for example, 10 or 20 years), which asset described below normally gives the highest return?
Answer:
Considering a long time period of 10 or 20 years, the asset that normally gives the highest return is typically the stock market. Historically, the stock market has provided higher returns compared to other assets such as bonds and real estate. The average annual return for the S&P 500, a stock market index, has been around 10% per year over the last century. This return is after accounting for inflation and dividends. However, it's important to note that stock market returns can be volatile in the short term and may experience significant losses. Additionally, there are other assets like real estate, commodities, and private equity which also have historically provided higher return over a long period but it's also important to note that past performance doesn't guarantee future results.
A common set of financial indicators that Wall Street tracks to benchmark companies are called what? a.Management efficiency ratios b.sustainability c.efficiency d.Marketing
The common set of financial indicators that Wall Street tracks to benchmark companies are called management efficiency ratios.
What is management efficiency ratio?
A management efficiency ratio is a type of financial ratio used to assess how effectively management manages the company's working capital and other resources.
These ratios measure the effectiveness of a company in managing its financial resources and optimizing its profitability. Examples of management efficiency ratios include return on equity (ROE), return on assets (ROA), earnings per share (EPS), and debt to equity (D/E) ratio.
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Lorenzo is faxing several associates in Indonesia. Read the following selection, and then answer the question
I have attached the contract for you're review. Please review this ASAP
What can he do to improve the clarity of what he wote? Check all that apply
- Write out acronyms.
- Use casual language
- Use correct grammar
- Consider the recipient's communication style
- Use longer sentences.
- Use contractions
The things Yakov can do to work on the clearness of what he composed are:
use the recipient’s full name.use correct grammar.write out acronyms.Even though you did exclude the agreement you should be explored, at whatever point you are utilizing official documentation, it is dependably appropriate to utilize the right sentence structure, and so forth.
This alludes to the version of a text improved through the expansion of new things or the expulsion of out-of-date ones.
Consequently, we can see that The things Yakov can do to work on the clarity of what he composed are:
use the recipient’s full name.use correct grammar.write out acronyms.Although you did not include the contract you need to be reviewed, whenever you are using official documentation, it is always proper to make use of correct grammar, etc.
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If 400,000 people each receive an average refund of $2,450, based on an interest rate of 3 percent, what would be the lost annual income from savings on those refunds? (Do not round intermediate calculations.) X Answer is complete but not entirely correct. Lost annual income $ x 1,019,200,000
Compound interest indicates a loss of $21,555,000 a year in savings on the returns. Here is the net return on these funds if they were saved at the 1% interest rate.
Compound interest is a sort of interest that accrues on both the principal and the interest already paid. Interest rates on loans usually expressed as annual percentage rates, which ignores the compounding of interest and overstates the true cost of borrowing. Based on a 1 percent interest rate, we can deduce that the average refund for the 479,000 customers is $4,500. The annual revenue loss from savings on the returns is then determined as follows: As we all know, the amount of interest these persons could have earned on their income if the additional tax had not been deducted represents the annual income that was lost.
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23. a t-bill with face value $10,000 and 87 days to maturity is selling at a bank discount ask yield of 3.4%. (lo 2-1) a. what is the price of the bill? b. what is its bond equivalent yield?
The bond equivalent yield of the T-Bill is 3.44%. Face value refers to the nominal or original value of a financial instrument such as a bond, stock, or currency.
Face value is the amount that appears on the face of the instrument, and typically represents the amount the holder will receive when the instrument matures or is redeemed. In the case of stocks, the face value is usually a relatively small, nominal amount, whereas for bonds it can be a substantial sum.
To calculate the price of the T-Bill, we can use the formula:
Price = Face value / (1 + yield * (maturity in years))
Where yield is the bank discount ask yield and maturity in years is calculated by dividing the number of days to maturity by 365.
So, in this case, the price of the T-Bill would be:
Price = $10,000 / (1 + 0.034 * (87/365)) = $9,989.33
b. The bond equivalent yield (BEY) is a measure of yield that adjusts for the fact that T-Bills are sold at a discount from face value. The formula for BEY is:
BEY = 365 * (Face value - Price) / Price / days to maturity
Using the price calculated in part (a), the BEY would be:
BEY = 365 * ($10,000 - $9,989.33) / $9,989.33 / 87 = 3.44%
So, the result is 3.44%.
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The Waiver of Cost of Insurance rider is found in Universal Life policies. If the insured becomes disabled, the rider allows the cost of insurance to be waived, with the exception of premium costs required to accumulate cash value.
True, Except for the premiums needed to build cash value, the rider permits the expense of insurance to be waived.
The waiver of premium rider in an insurance policy is a provision that releases the policyholder from making premium payments in the event of a critical illness, accident, or physical handicap. Additional restrictions could apply, like having to meet age and health standards. If a policyholder is concerned about maintaining their financial security, say in the event that they are injured at work, they may choose to receive a waiver for their life insurance payment.
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Complete Question:
The Waiver of Cost of Insurance rider is found in Universal Life policies. If the insured becomes disabled, the rider allows the cost of insurance to be waived, with the exception of premium costs required to accumulate cash value T/F
