Cash Paid for operating expenses during the year $830,000
What are operating expenses?
Operating expenses are costs that a business incurs to maintain its core operations on a daily basis.
In the above case
Total Operating Expenses reported by Wireless Solutions = $835,000
Increase in Prepaid Rent means ---during the year company has paid amount for prepaid expenses.
Increase in Salaries Payable means the salaries are outstanding and payment was not made by the company.
Operating expenses reported by company $835,000
Add: Increase in Prepaid expenses $15,000Less: Increase in Salaries Payable ($20,000)Cash Paid for operating expenses during the year $830,000
Hence, Cash Paid for operating expenses during the year $830,000
To know more about Operating expenses from the given link
https://brainly.com/question/20417612
#SPJ4
question content area equivalent production units are generally determined for a.conversion costs only b.direct materials and direct labor costs c.direct materials only d.direct materials and conversion costs
Conversion costs are the expenses incurred during the transformation of raw resources into finished items. Thus, calculating conversion costs necessitates taking into account both direct labour costs and manufacturing overhead costs. The answer is Conversion cost.
Additionally, expenses for utilities such as power and water that are required for production services fall under this category.Direct labour, also known as salary, refers to pay or benefits paid to workers as a result of the completion of a product. Factory overhead, on the other hand, refers to all expenditures associated with the manufacture of goods but which are not traceable, such as rent or electricity service.is understood to be the production costs necessary to transform raw resources into finished products. In order to calculate the value of ending inventory, which is then reported in the financial statements, this concept is employed in cost accounting. It can also be used to calculate the incremental cost of producing a good, which may be important for pricing decisions.Because personnel and manufacturing overhead are involved in conversion processes, the following formula is used to determine conversion costs.
To know more about Conversion cost visit:
https://brainly.com/question/14890441
#SPJ4
which term has a meaning different from the other ones? amount to be repaid on the maturity date face value price par value
The price of a bond changes over time, but the face value or par value remains constant and indicates the amount to be returned on the bond's maturity date.
What is the maturity date?The maturity date of a note, draft, acceptance bond, or other financial instrument is the day on which the principal amount becomes due. The principal investment is refunded to the investor on this date, which is normally stated on the certificate of the instrument in question, and the interest payments that were regularly paid out over the life of the bond stop to roll in. The maturity date is also the date (due date) on which an installment loan must be paid off in full.
To learn more about maturity, click
https://brainly.com/question/23208594
#SPJ4
a (fill in the blank) bond gives the issuer an option to retire the bond before maturity at a specific price after a specific date.
A bond gives the issuer an option to retire the bond before maturity at a specific price after a specific date. callable.
Maturity isn't a be counted as age, but instead, as the way you select to respond and react to numerous life situations. It is essentially a stage of intellectual improvement or information that has pertaining to all areas of a man or woman's life, proper from their conduct to their courting with others.
An emotionally mature person has reached (and continues to work at accomplishing) a stage of self-expertise close to their mind and behaviors after which comes to a decision on a way to great technique and deal with situations that might in any other cases be trying or tough.
Maturity influences a person's capability to certainly decide to date for life and remember the fact that commitment implies giving up all different associate picks. This, in flip, determines the level of consideration and dependability present in a dating.
Learn more about Maturity here:
https://brainly.com/question/28039417
#SPJ4
Poitioning" i a marketing management aid that refer to: _________ A. How cutomer think about propoed and/or preent brand in a market
Positioning is a marketing management tool that describes how consumers perceive existing and/or potential brands in a certain market. So, the suitable option will be option (a).
Give a brief account on marketing management.Marketing management applies economics and competitive strategy techniques to analyze the business environment in which the organization works. Marketers use SWOT analysis to focus on the relative competitive strengths and weaknesses of each competitor in the market as they create extensive profiles of each competitor. Marketing managers will look at each rival's cost structure, profit sources, assets, and capabilities as well as its competitive positioning, product differentiation, level of vertical integration, past responses to market changes, and other elements.
Market and marketing research are frequently conducted by marketing management in order to undertake marketing analysis. Although there are many techniques used by market researchers, the following are some of the most common ones :
Focus groups and different kinds of interviews are examples of qualitative marketing research.statistics surveys are examples of quantitative marketing research.experimental methods, including test marketsTechniques of observation like ethnographic (on-site) observationTo know more about, marketing management, visit :
https://brainly.com/question/22555057
#SPJ4
The complete question is mentioned below :
"Positioning" is a marketing management aid that refers to: ______
A) how customers think about proposed and/or present brands in a market.
B) a product's ability to provide both immediate satisfaction and social responsibility.
C) how a firm approaches customer relationship management.
D) a firm's ability to distribute products through intermediaries who are in the right position to reach target customers.
E) all of these alternatives are true.
suppose the standard deviation of the market return is 20%. what is the standard deviation of returns on a well-diversified portfolio with a beta of 1.7? (enter your answer as a percent rounded to 2 decimal places.) what is the standard deviation of returns on a well-diversified portfolio with a beta of 0? (enter your answer as a percent rounded to 2 decimal places.) a well-diversified portfolio has a standard deviation of 13%. what is its beta? (round your answer to 2 decimal places.) a poorly diversified portfolio has a standard deviation of 20%. what can you say about its beta?
Systematic and unsystematic risk exist in a stock. The non-systematic risk in a portfolio is reduced when two or more stocks are added.
Diversification refers to this. Non-systematic risk is nearly nonexistent in a well-diversified portfolio, and systematic risk is the only risk.
Because the portfolio is well-diversified and has a beta of 1.3, the correlation between it and the market is...
Portfolio that is well-diversified. a portfolio with a wide range of securities but little weight on any one of them. The systematic risk of the market as a whole is very similar to the risk of a well-diversified portfolio, and the unsystematic risk of each security has been diversified out of the portfolio.
Learn more about Non-systematic risk here:
https://brainly.com/question/15873445
#SPJ4
he following information is available in regard to revenues from charm city toys, a customer of the plush toy division of carmel manufacturing. revenues $500,000 cost of goods sold 400,000 goods-handling labor 75,000 goods-handling equipment - depreciation 87,500 rent 12,500 marketing support 37,500 sales-order and delivery processing 12,500 general administration 5,500 allocated corporate-office costs 5,000 635,500` operating loss ($135,500) cost of goods sold, goods-handling labor, marketing support, sales-order, and delivery-processing costs can be saved if the account is withdrawn. there is no alternate use for warehouse space and goods-handling equipment. should carmel manufacturing continue selling to charm city toys?
Yes, as dropping the Sweet Inc. account will lead to a reduction in overall operating income by $375,000.
Revenue 1000000
Less: Avoidable costs
Cost of goods sold 500000
Goods-handling labor 50000
Marketing support 50000
Sales-order and delivery processing 25000
Total costs 625000
Incremental income 375000
Redox is a type of chemical reaction wherein the oxidation states of the substrate change. Oxidation is the loss of electrons or an increase inside the oxidation nation, likewise, the discount is the benefit of electrons or a decrease in the oxidation country. There are two training of redox reactions: Electron-switch – the most effective one (commonly) electron flows from the lowering agent to the oxidant. This kind of redox reaction is often discussed in the time period of redox couples and electrode potentials. Atom switch – an atom transfers from one substrate to another.
Learn more about reduction here
https://brainly.com/question/13107448
#SPJ4
the manager of a manufacturing company knows that they will need a new machine in one of their factories. the new machine will cost them $13,700. the manager has determined that they can afford to pay 15% of the cost of the machine in cash. they can then finance the rest through a credit union. the credit union will charge 2% per year compounded monthly. how much are their monthly payments for 4 years? a) $274.39 b) $381.28 c) $252.64 d) $233.23 e) $297.22
Option b; The monthly payments for 4 years is $381.28.
I = 2% per year compounded monthly, so i monthly = 2%/12
N = 4 years = 48 months
P = 13,700 - (13,700*15%) = 11,645
A = P(A/P,i%,N) = 11,645 (A/P,2%/11,645) = 11,645 (0.028643) = $381.28
A payment is the voluntarily made exchange of money, its equivalent, or other valuables by one party (such as an individual or business) for another's goods, services, or to satisfy a legal obligation. Payer refers to the party sending the money, whereas payee denotes the recipient of the payment.
Numerous methods exist for making payments, such as:
utilizing cash, a check, a debit, credit, or bank transfer—whether using a mobile payment app or not—to transfer anything of value, such stock, or by bartering one commodity or service for another.
Learn more about Payments here:
https://brainly.com/question/15138283
#SPJ4
the customer life-cycle is: group of answer choices the same as the product life-cycle. the strategy of up-selling to affluent consumers. a price-driven marketing strategy. the standard phases of customers' consumption of goods and services. none of these answers correct.
The customer life-cycle is:the standard phases of customers' consumption of goods and services.
A customer is the recipient of a good, service, product or an idea - acquired from a seller, dealer, or supplier thru a financial transaction or alternate for cash or a few other treasured attention
A consumer is usually described as someone who buys a very good, product, or provider. greater in particular, clients are people or agencies currently shopping, have bought, or can be interested in shopping a products or services from any other person or enterprise.
Learn more about customer here:https://brainly.com/question/380037
#SPJ4
A sales representative sells products from two competing companies without disclosing to either company. Which agent duty owed to a principal applies to this situation?.
A sales representative sells products from two competing companies without disclosing to either company. The correct answer is a conflict of interest.
A conflict of interest happens once somebody's or entity's unconditional interests raise a matter of whether or not their actions, judgment, and/or decision-making. A conflict of interest exists once 2 or additional contradictory interests relate to employee activity by a private or an establishment.
A conflict of interest arises once what's in a person's best interest isn't in another person's or organization's best interest.
To learn more about conflict of interest, visit here
https://brainly.com/question/14940595
#SPJ4
economic growth is best defined as an increase in: group of answer choices total consumption expenditures wealth in the economy either real gdp or real gdp per capita nominal gdp
Economic expansion paves the way for rising living standards and increased product and service consumption.
What is the best way to define economic growth?Economic growth is defined as an increase in the output of goods and services per head of population over a specified period of time in the Oxford Dictionary. Increases in an economy's production capacity or potential GDP are referred to as economic growth. The main factor affecting changes in a society's standard of living—often determined by real GDP per capita—is the rate of economic expansion. 39 terms were just studied by you. Economic growth is crucial because it helps people satisfy their financial needs and decreases the impact of scarcity. The difference in growth rate could represent the difference between starving and simple hunger, which would be of significant significa
To learn more about economic growth refer to
https://brainly.com/question/12148347
#SPJ4
The combination of factors that a company can control to influence consumers is called the marketing _______.
The combination of factors that a company can control to influence consumers is called the marketing mix.
What do we mean by marketing mix?In marketing, the marketing mix means the set of actions or tactics that a company uses to promote its brand or product in the market. The 4Ps that makes up the typical marketing mix includes Price, Product, Promotion and Place.
The importance of marketing mix for most businesses is to make sure they are marketing the right product to the right person, at the right price, in the right place and at the right time.
Read more about marketing mix
brainly.com/question/859394
#SPJ1
unable to reach agreement at the bargaining table, the national basketball association and its players union met with a third party who listened to both sides and tried to help them reach common ground but not create an official resolution. what type of alternative dispute resolution does this best describe?
Arbitration is the type of alternative dispute resolution does this best describe.
What is alternative dispute resolution?Alternative dispute resolution (ADR) refers to a variety of ways that people might settle problems amicably. Mediation, arbitration, and neutral evaluation are examples of common ADR procedures. Contrary to traditional court proceedings, these procedures are typically more private, informal, and stress-free.Additionally, if one party has a large power edge over the other, mediation may not be successful. As a result, if either party has a history of victimization or abuse, it might not be a wise decision.The ADR procedures most frequently used in civil proceedings are arbitration, conciliation, mediation, judicial settlement, and Lok Adalat.To learn more about alternative dispute resolution refer to:
https://brainly.com/question/23842872
#SPJ4
what missing elements would need to be supplied to create an efficient market in water in california?
The components that are lacking and must be included in order to establish an effective market for water in California are ownership rights for surface water. In the absence of clearly defined property rights, there cannot be a free market in water. Because the property rights structure was not created for market transactions, water markets do not always operate well.
Describe the water crisis in California?Numerous reasons have contributed to the current "water crisis," but the historically low rainfall over the past several years and the unsustainable groundwater pumping that has been going on for decades in the state, particularly in the Central and San Joaquin Valleys, are the most significant ones. The summer months, which are dry and have little natural precipitation or snowmelt, are when there is the greatest need for water.
Additionally, California's unpredictable climate causes significant floods and protracted droughts. Approximately one million individuals lack access to safe drinking water in California. Either people are drinking water that has excessive quantities of pollutants and is not deemed clean, or wells are drying up. Areas outside of cities that are deficient in the essential components of a safe, healthy, sustainable neighborhood, such as clean drinking water, sewage systems, secure housing, public transportation, parks, sidewalks, and streetlights.
To learn more about water supply in California, visit:
https://brainly.com/question/25938558
#SPJ4
what is the taxable equivalent yield on a municipal bond with a yield to maturity of 4.5 percent for an investor in the 39 percent marginal tax bracket?
6.25% is the taxable equivalent yield .The yield on a comparable tax-exempt municipal bond is equal to the tax-equivalent yield.
How Much Yield Is Tax Equivalent?The yield on a comparable tax-exempt municipal bond is equal to the tax-equivalent yield, which is the return that a taxable bond would need to achieve. Investors can use the computation to contrast the returns of a tax-free investment versus a comparable option that is subject to income tax.
Finding Tax Equivalent Yield,
determine your tax rate's reciprocal (1 – your tax rate). The reciprocal of a 39% tax payment is (1 - 39%) =.39, or 39%.
The TEY is determined by dividing this sum by the yield on the tax-free bond. For instance, use (4.5 /.39) = 6.25% if the bond in question yields 4.5%.
To learn more about Tax-equivalent yield refer to:
https://brainly.com/question/19338984
#SPJ4
typically, small retail properties are valued using the direct cap method. you are looking at a property with noi of $20,000. based on other transactions that have closed recently, you estimate the market cap rate is 5.5%. question: what is the estimated value of this property? please upload your work below, making sure to: (1) show the formula for the basic valuation model using the cap rate and (2) explain how you calculated value in this question
Based on recent closings, you estimate that the property is worth $277,777.78, which corresponds to a market cap rate of 5.5%.
Estimated value of property = NOI / Cap rate
= $15,000 / 5.4%
= $277,777.78
The capitalization rate, also referred to as the cap rate, is a term used in the world of commercial real estate to describe the expected rate of return on an investment property.
This metric is calculated using the expected net income from the property and is expressed as a percentage by dividing net operating capitalization rate income by the estimated property asset value. The potential return on the investor's real estate investment is calculated using this method.
While the cap rate can be helpful for comparing the relative values of cap rate comparable real estate investments on the market quickly, it shouldn't be relied upon as the only metric to gauge the strength of an investment.
Learn more about capitalization rate here
https://brainly.com/question/14103167
#SPJ4
which of the following measures the impact of a negative supply shock? selected answer will be automatically saved. for keyboard navigation, press up/down arrow keys to select an answer. a real gdp will increase, inflation will increase, and unemployment will decrease. b real gdp will decrease, inflation will decrease, and unemployment will increase. c real gdp will decrease, inflation will increase, and unemployment will increase. d real gdp will increase, inflation will decrease, and unemployment will decrease.
Option C: Real GDP will fall, inflation will rise, and unemployment will rise. When AS shifts right rather than left, real GDP will rise and inflation will fall.
When AD shifts right, what happens to unemployment and inflation?Inflation goes up and unemployment goes down when AD goes up.
When AD shifts to the right, what happens to inflation?The equilibrium quantity of output and price level will rise if the AD curve moves to the right.
What is the connection between genuine Gross domestic product genuine result and joblessness?Gross domestic product (GDP) and unemployment are impacted by a variety of factors. However, in the past, an increase in the unemployment rate of slightly less than two percentage points has been associated with a 1% decrease in GDP. Okun's law is commonly used to refer to this relationship.
Learn more about GDP here:
https://brainly.com/question/1383956
#SPJ4
several factors will be considered by the board of directors and management as they consider the level of dividend payout. some of these factors include: the ability of the firm to generate cash to sustain the level of dividends. legal and contractual considerations growth opportunities all of the above
The first hypothesis states that the level of current and anticipated future earnings as well as the pattern or continuity of previous dividends are the most significant factors influencing a company's dividend policy.
The variables in Lintner's (1956) behavioral dividend policy model are comparable to these factors.
Is the company declaring an additional dividend in addition to the regular dividend payout?
A one-time dividend paid to a company's shareholders is called an extra dividend. When a company has extra cash and can reward its shareholders, it pays an additional dividend. Unlike the company's regular dividends, extra dividends are typically one-time events that are paid out in larger amounts.
Learn more about dividend policy here:
https://brainly.com/question/25845157
#SPJ4
the organizational function and set of processes for creating, communicating, and delivering value to customers and managing customer relationships in ways that benefit the organization and its employees, customers, investors, and society as a whole is referred to as
A collection of procedures for building, managing, and communicating with client connections in ways that are advantageous to the firm and its stakeholders is known as marketing.
The process of developing, communicating, delivering, and trading offerings that are valuable to customers, clients, partners, and society at large collectively is known as marketing. A series of procedures known as marketing are used to create, convey, and provide customers with value as well as to strengthen such relationships. Everything a business does to meet consumer demands is included in this. Value delivery refers to how you create your products so that the customer receives the most benefit from using them. Customers may receive value in the form of goods, advantages, attributes, etc.
Learn more about customer here-
https://brainly.com/question/13735743
#SPJ4
the daily demand for muffins at a bakery is normally distributed with mean 50 and standard deviation 15. the bakery makes 60 muffins once at the start of each day. what is their service level for muffins?
The service level for muffins in the bakery is 100%.
What does "service level" mean?By comparing how well a company meets customer expectations, one can ascertain the quality of its services. Customers buy services to address particular needs. Because they establish unambiguous commitments between a service provider and a customer, service-level agreements (SLAs) are crucial. In the telecommunications sector, service-level agreements are typical and give businesses the assurance that a set of standards will be upheld.
Z score is used to calculate by how many standard deviations the raw score is above or below the mean. It is the formula:
Z = (x - μ) / σ
With description x = raw score, μ = mean and σ = standard deviation.
Given data:
σ = 15
μ = 50
Then:
For x = 60
Z = (x - μ) / σ
Z = (60 - 50) / 10
Z = 10/10 = 1
convert to percent format will be 100%
When they bake 65 muffins, their service level for muffins are 100%
To learn more about service level, visit:
https://brainly.com/question/15288443
#SPJ4
The per-unit standards for direct labor are 1. 5 direct labor hours at $15 per hour. If in producing 2500 units, the actual direct labor cost was $48825 for 3150 direct labor hours worked, the total direct labor variance is $4275 unfavorable
Hours of direct labor worked result in a $4275 unfavorable direct labor variance.
How does labor variance work?A labor variance is defined as. When a labor activity's actual cost deviates (for the better or worse) from what was anticipated, this is known as a labor variation. Usually, the expected sum is a predetermined or budgeted sum.
Briefing :
Calculation to determine what the total direct labor variance is
Using this formula
Total Direct Labor Variance=(Standard Direct Labor Cost - Actual Direct Labor Cost
Let plug in the formula
Total Direct Labor Variance=[(2500 × 1.5) × $15]- $53100
Total Direct Labor Variance=$ 48825 - $53100
Total Direct Labor Variance = $4275 unfavorable
Therefore the total direct labor variance is$ $4275 unfavorable .
To know more about labor variance visit :
https://brainly.com/question/16269880
#SPJ4
what is appealing about the perfectly competitive equilibrium solution is selected answer: incorrect. all of the above answers: correcta. it identifies the point that is both socially efficient and socially fair b. it identifies the price at which the producer pays the entire production cost c. it identifies the point at the buyer pays the entire production cost
All of the above is appealing about the perfectly competitive equilibrium solution.
What is an equilibrium with perfect competition?
When there is perfect competition, the market will be in an equilibrium when supply and demand are equal. At this moment, a firm's pricing will be established. Demand will have an impact on equilibrium in the short term.
Price equivalent to AVC results in a loss for the company. Because it needs to cover at least its AVC in the short run in order to manufacture, the company will close if the price drops even little below AVC. A firm is therefore in equilibrium in all of the aforementioned circumstances in the short run under perfect competition.
To know more about perfect competition, refer:
https://brainly.com/question/18459447
#SPJ4
britney is a baseball fan and attends several games per season. her expenses per season are listed in the table below: year 1 year 2 5 baseball tickets $500 $560 jersey $120 $150 food $150 $160 transport $60 $70 assuming that year 1 is the base year, calculate the price index for year 1 and for year 2. group of answer choices
The Consumer Price Index (CPI) in year 1 was 120 and in 12 months 2 was one hundred fifty Inflation is the upward jostle in the fee level.
The inflation between year 1 and yr two is calculated below. Hence, the inflation fee between 12 months 1 and 12 months 2 is 25%.
What do you mean by means of charge index?price index, measure of relative charge changes, consisting of a series of numbers arranged so that a contrast between the values for any two intervals or places will show the average trade in prices between intervals or the average distinction in expenditures between places.
What is some other title for fee index?The Consumer Price Index (CPI) measures the monthly trade in expenses paid by U.S. consumers.
Learn more about price index here:
https://brainly.com/question/1889164#SPJ4What does visual merchandising and display consist of?
Visual merchandising and display consist of the physical elements which merchandises use to project an image to customers.
Visual merchandising is considered to be the practice of organizing and as well as displaying products in a retail space. So, visual merchandising is a marketing practice which directly uses color, floor plans, lighting, technology, displays, and other elements to attract the customer attention.
So, visual merchandising and display consists of physical elements which merchandises use in order to project an image to their customers. Thus, a visual merchandiser is the person behind the magic.
Hence, a visual merchandisers display, present, arrange the items in stores.
To learn more about Visual merchandising here:
https://brainly.com/question/26981591
#SPJ9
when buying groceries, many shoppers prefer certain products simply because they have a familiar brand name. this preference best illustrates the importance of: please choose the correct answer from the following choices, and then select the submit answer button. answer choices social facilitation. the mere exposure effect. mirror-image perceptions. deindividuation.
The following statement, the correct answer is the mere exposure effect.
According to a psychological phenomenon known as the "mere exposure effect," people are more likely to favor objects or persons that they are already familiar with. Familiarity grows with repeated exposure. It follows that the familiarity effect is another name for this phenomenon.
Our propensity to form preferences for things only because we are familiar with them is known as the mere exposure effect. It also goes by the name of the familiarity principle for this reason.
To know more about Mere exposure effect here
https://brainly.com/question/7369098
#SPJ4
in a given year, suppose the nominal gdp growth rate is 7 percent, the inflation rate is 2 percent, and the population growth rate is 1.2 percent. what is the real gdp per capita growth rate?
According to the given information, the real GDP per capita growth rate is 3.8%
Growth rate of (AB) = Growth rate of A + Growth rate of B. —— (1)
Growth rate of (A/B) = Growth rate of A - Growth rate of B. —-- (2)
Nominal GDP divided by price level yields real GDP.
Real GDP/population = Nominal GDP/(Price Level × Population) = Real GDP
per capita
Real GDP per capita = Real GDP/population = Nominal GDP/ (Price
level × Population)
Using the formulas (1) and (2) above, we obtain:
Growth rate of (Real GDP per capita) = Growth rate of (Nominal GDP) -
Growth rate of (Price) - Growth
rate of population
Inflation rate = Growth rate of (Price)
Growth rate of (Real GDP per capita) = 7% - 2% - 1.2%.
= 3.8%
The real economic growth rate, also known as the real GDP growth rate, calculates economic growth over time as expressed by gross domestic product (GDP), after taking inflation or deflation into account. In other words, it illustrates changes in the value of all goods and services produced by an economy—the nation's economic output—while taking price variations into account.Learn more about Real GDP, here
https://brainly.com/question/15682765
#SPJ4
5. a person deposits $1000 in an account that yields 9% interest compounded annually. (a) set up a recurrence relation for the amount in the account at the end of n years. (b) find an explicit formula for the amount in the account at the end of n years. (c) how much money will the account contain after 100 years?
The recurrence relation for the amount in the account at the end of n years is F(n) = 1.09 × F(n-1), The money will the account contains after 100 years is $5,529,040.80
a) Let F(0) represent the $1,000 initial deposit and F(n) represent the amount in the bank after n years.
F(n) = F(n-1) +0.09 × F(n-1) [ where 9% = 0.09]
F(n) = 1.09 × F(n-1)-------------eq(1)
b) using above formula
F(n) = 1.09 × F(n-1)
F(n) = 1.09 ×( 1.09 × F(n-2)) = [tex]1.09^2[/tex] ×F(n-2)------(replacing n by n-1 in eq (1))
F(n) = [tex]1.09^2[/tex]×( 1.09 × F(n-3))= [tex]1.09^3[/tex] ×F(n-3)---(replacing n by n-2 in eq (1))
∴On generalizing the above expansion, we get
F(n) = [tex]1.09^n[/tex] × F(n-n) = [tex]1.09^n[/tex] × F(0)
F(n) = [tex]1.09^n[/tex] × 1000---------- eq(2)
c) money in the account when n = 100 years have passed.
using equation (2), we get
F(100) = [tex]1.09^1^0^0[/tex] × 1000 = 5,529,040.80
Recurrence relations are equations that depict sequences based on rules. It assists in determining the following term, which is dependent upon the preceding term. In a given series, we can quickly ascertain the following term if we know the previous term. We can locate the set of new terms now that a common pattern has emerged. This holds true for geometric and mathematical sequences as well.Learn more about Deposit , here
https://brainly.com/question/2507231
#SPJ4
how would an economist describe concerns related to income distribution and foreign-owned public debt?
An economist would describe concerns related to income distribution and foreign-owned public debt as substantive.
The primary burden of the debt is interest payments. The distribution of income is affected by debt repayment. Income disparity will likely worsen if working taxpayers are required to pay interest to the bondholders, who are primarily wealthier groups. These concerns are referred by the economists as substantive issues.
Large debts and high interest rates can increase tax burdens and reduce taxpayer incentives to work, save, and invest because interest must be paid from tax revenues. More than in the past, a larger amount of the debt is owing to foreigners, which adds to the burden because payments must be sent outside of the country. However, the issue is mitigated by the fact that Americans also own international bonds.
To know more about income distribution, refer to the following link:
https://brainly.com/question/28787551
#SPJ4
Fairmont company has shipped goods to willowbook recreation fob shipping point. Fairmont will recognize sales revenue when?.
Fairmont company has shipped goods to willow book recreation fob shipping point. Fairmont will recognize sales revenue when the goods leave Fairmont's shipping dock.
In short, revenue recognition aims to determine when a company has truly made money. Revenue is typically recorded whenever the performance obligations are deemed satisfied, and the organization can easily quantify the financial amount.
The commitment to offer a consumer a "unique" good or service is known as a performance obligation. Although it can appear straightforward at first, whether or not a performance obligation is regarded met depends on a number of different things.
Sales revenue is recognized when the goods leave the place of the seller and is on the way to reacch the buyer. Hence, here it will be recognized when the goods leave the shipping dock of Fairmount.
To know more about sales revenue:
https://brainly.com/question/13034085
#SPJ4
the table below lists the marginal product per hour of workers in a lightbulb factory. lightbulbs sell for $2 each, and there are no costs to producing them other than labor costs. compute the value of the marginal product for each additional worker.
A company will always hire up to the point where the salary is equal to the marginal product's value. The difference between the value of the marginal product and the cost of recruiting extra labour is represented by the wage.
As you can see in the table, when the wage rate is $24, the firm should hire 7 workers since, at that wage rate, the marginal product is equal to $24.
The firm should hire 4 workers when the hourly rate is $36. As seen in the table, the marginal product is worth $36 when the firm hires 4 workers.
Learn more about marginal product:
https://brainly.com/question/13623353
#SPJ4
what's the most common way that a seller can help a buyer come up with the funds to complete a real estate transaction?
A down payment assistance program is the most common way that a seller can help a buyer come up with the funds to complete a real estate transaction.
A down payment on a residence is the cash that the buyer pays upfront in a actual estate transaction and different large purchases. Down payments are typically a percentage of the purchase charge and may variety from as low as 3% to as an awful lot as 20% for a assets being used as a number one residence.
Down payment, is an preliminary up-front partial price for the acquisition of costly objects/services such as a automobile or a residence. it is usually paid in cash or equal at the time of finalizing the transaction. A loan of some type is then required to finance the remainder of the price.
A down payment is an preliminary non-refundable charge this is paid upfront for purchasing a object – including a car or a residence – and the closing payment is paid by using acquiring a mortgage from a financial institution or financial organization.
Learn more about down payment here : https://brainly.com/question/12233464
#SPJ4
