On 1 April 2021, Black Ltd. borrowed $50,000 from GreenfLtd. at an annual interest rate of 7%. The loan is a 5-year interest-only loan with interest payable yearly. Due to unforeseen circumstances, on 30 June 2022, Black Ltd. had not paid any interest to Green Lt

Answer: a. $485

b. $15

c. 32.28%

Explanation:

a. how much will Jill save by paying within the discount period?

3% × $500 = 3/100 × $500 = 0.03 × $500 = $15

The amount saved will be:

= $500 - $15.

= $485

b) what will it cost Jill to retain the use of credit for 45 days?

This will be:

= 3% × $500

= 3/100 × $500

= 0.03 × $500

= $15

c) what is the annual interest rate of the "loan" (ie. what is the annual rate of 3/10, net 45)?

c) The annual interest will be calculated using:

= P x R x T

where,

I = interest = $15

P = principal = $485

R= rate of interest = Unknown

T= time factor = 15/365 = 0.0958

Then, annual Interest rate will be:

R = 15/ (485 x 0.0958)

R = 32.28%

Annual Interest rate is 32.28%

Answer: Thinking laterally

Explanation:

Lateral thinking simply refers to an indirect way of solving problems. It typically involves a new and creative way of doing something.

This can be seen in Nokia's dramatic operational change and demonstration of organizational adaptability in transforming their business from wood pulp and logging to communications.

Lateral thinking is a new and innovative wa of doing something that's quite different from how others do it. This usually gives an organization a competitive advantage over its rivals.

D) All of the above, Large countries can improve their welfare by levying a tariff only if it does not lead to retaliation by the nation's trading partners, discourage innovation, encourage rent-seeking elsewhere in the economy, or discourage production in the domestic economy.

If the tariff does not lead to retaliation, the domestic industry will benefit from increased protection and may produce more output. If the tariff does not discourage innovation, the domestic industry will have access to more resources to invest in research and development, leading to improved productivity and competitiveness. If the tariff does not encourage rent-seeking elsewhere in the economy, the government will not divert resources away from productive activities to less productive activities. If the tariff does not discourage production in the domestic economy, the domestic industry will have access to more resources to produce more output, leading to improved welfare.  

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d. A rise in consumer optimism has the initial effect of shifting aggregate demand to the right in the model of aggregate demand and supply.

Aggregate demand refers to the entire amount of demand for all completed goods and services produced in an economy. Aggregate demand is the entire amount of money spent on certain goods and services at a specific price point and moment.

The total quantity of demand for all finished products and services generated in an economy is referred to as aggregate demand. The total amount of money spent on particular goods and services at a particular price point and time is known as aggregate demand.

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Businesses purchase products to promote operational effectiveness, satisfy consumer requests, maintain competitiveness, boost sales and revenue, and enhance quality.

Business entities purchase goods to fulfil a variety of requirements and accomplish a variety of objectives. Among the main causes of this are: To increase operational efficiency: Businesses may purchase goods to enhance their operational procedures and make them more effective, for instance by investing in software or automation solutions to expedite workflow. To satisfy customer demands: Businesses may purchase goods in order to satiate the wants and needs of their clients, for instance by investing in cutting-edge goods that they can sell to them. These are some of the basic justifications for product purchases by commercial enterprises. The organization's goals and objectives, as well as the particular market and industry they compete in, will ultimately determine the precise reason.

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The value of company x stock is $59.05 if the dividend next year will be $3 and is expected to grow at a rate of 4% forever if your required return is 9.08%.

As per Gordon model, Value of company stock or share price is given by:

Share price = D1 / k -g

where, D1 is next years' dividend, k is the required rate of return = 9.08% and g is the growth rate = 4%

Now, putting these values in the above formula, we get,

Share price = $3 / 9.08% - 4%

Share price = $3 / 5.08%

Share price = $59.05

So, value of stock is $59.05

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The given statement is False. The greatest fixed cost involved with owning an automobile is not usually the monthly loan payments.

The greatest fixed cost involved with owning an automobile is usually the depreciation of the vehicle's value over time, not the monthly loan payments. Depreciation refers to the decrease in value that occurs as a vehicle ages and accumulates mileage.

It is often the largest expense for car owners, as vehicles tend to lose value rapidly in the first few years of ownership. Loan payments, on the other hand, are a variable cost that depends on the financing terms, interest rate, and duration of the loan. While loan payments can be a significant expense, they are not typically the largest fixed cost associated with owning a car.

Owning a car entails various expenses beyond monthly loan payments, such as insurance, fuel, maintenance, and repairs. These costs can also be considered fixed, as they occur regularly and are necessary for the operation and upkeep of the vehicle.

Insurance premiums, for instance, are typically paid monthly or annually and vary depending on factors like the car's make, model, and the driver's profile. Fuel costs can fluctuate but are generally predictable and essential for everyday use. Maintenance and repair expenses are required to keep the car in good working condition and can vary depending on the vehicle's age, mileage, and any unforeseen issues.

Therefore, while loan payments are an important financial consideration, the greatest fixed cost associated with owning an automobile is usually the depreciation of the vehicle's value, along with other ongoing expenses like insurance, fuel, maintenance, and repairs.

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Answer:

False

Explanation:

Certifications are official verification, from an accredited source, attesting to capability, not credentials. Certifications include diplomas and degree certificates.

Credentials are only qualifications, personal quality, or achievement that shows a person is good at a skill. This can include getting a trophy for winning all games in a chess tournament.

Caleres, Inc. reported their fiscal year 2016 financial statements on January 28, 2017. The cost of sales in 2016 was $1,517,397, which is lower than the cost of sales in 2015, which was $1,529,527.

However, their net inventories increased from $546,745 in 2015 to $585,764 in 2016. Additionally, the LIFO reserve, which is the difference between the inventory value under LIFO (Last in, first out) and under FIFO (First in, first out) method, increased from $4,094 in 2015 to $4,345 in 2016. This indicates that the company is using more of the LIFO method for inventory valuation, which could be due to rising prices. These financial statements provide important information about the company's performance and can be used to make informed decisions about investing in Caleres, Inc.

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In fiscal year 2016, Caleres, Inc. reported a cost of sales of $1,517,397 (thousand), inventories (net) of $585,764 (thousand), and a LIFO reserve of $4,345 (thousand). In comparison, in 2015, the cost of sales was $1,529,527 (thousand), inventories (net) were $546,745 (thousand), and the LIFO reserve was $4,094 (thousand).

The financial statements of Caleres, Inc. for the fiscal year 2016, dated January 28, 2017, show that the company experienced a decrease in cost of sales from $1,529,527 (thousand) in 2015 to $1,517,397 (thousand) in 2016. During the same period, the net inventories increased from $546,745 (thousand) in 2015 to $585,764 (thousand) in 2016. The LIFO reserve also saw a slight increase from $4,094 (thousand) in 2015 to $4,345 (thousand) in 2016.

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Explanation:

Five phases guide the new product development process for small businesses: idea generation, screening, concept development, product development and, finally, commercialization.

The modern drugstore carrying food, camera equipment, toys, and pharmaceuticals is an example of "scrambled merchandising." This term refers to the practice of offering a wide variety of unrelated products in a single retail space.

Scrambled merchandising refers to the practice of offering a wide variety of products from different categories in a single retail store. This can include products that are not typically associated with the store's primary focus or category. In the case of the modern drugstore carrying food, camera equipment, toys, and pharmaceuticals, it is an example of scrambled merchandising. This strategy can be effective in increasing sales and attracting a wider range of customers.

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1. Total job cost for the specific job:

- Direct labor cost: $20,000

- Overhead rate: 200% of direct labor cost

  Overhead cost = 200% * $20,000 = $40,000

- Materials cost: $10,000

- Total job cost = Direct labor cost + Overhead cost + Materials cost

                = $20,000 + $40,000 + $10,000

                = $70,000

2. Overhead rate using labor hours and machine hours:

- Budgeted labor hours: 4,000

- Budgeted machine hours: 8,000

- Total budgeted overhead: $80,000

Overhead rate using labor hours:

  Overhead rate = Total budgeted overhead / Budgeted labor hours

                = $80,000 / 4,000

                = $20 per labor hour

Overhead rate using machine hours:

  Overhead rate = Total budgeted overhead / Budgeted machine hours

                = $80,000 / 8,000

                = $10 per machine hour

3. Choice of overhead rate:

The choice of overhead rate depends on the nature of the business and the cost drivers that best reflect the allocation of overhead costs. In this case, if labor hours are considered to be a more accurate representation of the consumption of overhead resources, then using the overhead rate based on labor hours ($20 per labor hour) would be more appropriate.

The selection of the overhead rate based on labor hours can help ensure that overhead costs are allocated more accurately, reflecting the actual labor-intensive nature of the business. However, the decision ultimately depends on the specific circumstances and cost structure of the organization.

The total job cost for the specific job with a materials cost of $10,000 and direct labor cost of $20,000 is $70,000. The overhead rate using labor hours is $20 per labor hour, while the overhead rate using machine hours is $10 per machine hour. The choice of overhead rate should be based on the cost drivers that best represent the allocation of overhead costs in the organization.

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Needs are things that satisfy the basic requirement. Wants are requests directed to specific types of items. Demands are requests for specific products that the buyer is willing to and able to pay for.

Explanation:

:))

1. I imagine buying 100 shares of Amazon.com Inc. on January 3, 2020, when the stock price was $93.75, investing $9,375.  

Today, October 31, 2022, the stock price of Amazon.com Inc. is $102.44.

2. The real return on my investment in Amazon.com Inc was a net loss of  7.12% or $667.60.

3. The company I selected to buy its stock three years ago was Amazon.com Inc.

4. I decided on Amazon.com Inc., hoping to earn spectacular returns since it is a multinational technology company.

5. When I consider the actual return on the stock investment in Amazon.com Inc., I think it was an unwise investment.

6. The investment returned a negative real value because I realized less than I initially invested; I actually lost about $667.60 overall.

Stock investment is the purchase of shares for an ownership interest in a publicly-listed company.

The investor makes the investment with the hope that the investee will grow and perform well over some period, enabling the investor to earn some real returns (in the form of dividends and capital appreciation).

Purchase of 100 shares Jan. 3, 2020 = $9,375 (100 x $93.75)

Sales of 100 shares Oct. 31, 2022 = $10,244 (100 x $102.44)

Tax (10%) = $1,024.40 ($10,244 x 10%)

Inflation (3%) = $307.32 ($10,244 x 3%)

Administration fee on sales (2%) = $204.88 ($10,244 x 2%)

Real Returns in dollars = $8,707.40 ($10,244 - $1,024.40 - $307.32 - $204.88)

Loss on returns = $667.60 ($8,707.40 - $9,375)

Loss percentage = 7.12% ($667.60/$9,375 x 100)

Unfortunately, Amazon.com Inc. did not pay any dividends during the period of my investment, and I really lost funds to taxes, inflation, and administration fees when I sold it.

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Advertising  is the form of promotion would be best used for a business selling a new range of hair shampoo.

What do you mean by business?

Business is the practise of earning a living or earning money by manufacturing, purchasing, and selling goods. If the company incurs debts, creditors may seize the owner's personal belongings. Corporate tax rates are not permitted in a firm structure.

Advertising would be the best form of promotion for a business selling a new range of hair shampoo because it would allow the business to reach a large number of potential customers at once. Additionally, advertising can be customized to target specific demographics, which would be beneficial for a business selling a new product.

Therefore, A is the correct option.

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Box number 3 on a W-4 notes an employee's filling status?

An IRS form known as a W-4, also known as a "Employee's Withholding Certificate," instructs employers how much tax should be deducted from each employee's paycheck. Employers utilize the W-4 to calculate some payroll taxes and remit the taxes on behalf of employees to the IRS and the state (if applicable).

If your employer already has a copy of your W-4 form on file, you do not need to fill one out again. Additionally, you are not required to complete a new W-4 annually. But you'll probably need to complete a new W-4 if you start a new employment or wish to change the withholdings at your current position. In either case, it's a good justification for reviewing your withholdings.

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To evaluate ERP (Enterprise Resource Planning) vendors effectively, it is crucial to check the references or testimonials that they provide from previous customers. These references offer valuable insights into the vendor's track record, customer satisfaction, and the success of their implemented ERP systems.

By reaching out to previous customers, potential clients can gain firsthand information about their experience with the vendor. This includes aspects such as the implementation process, system functionality, support provided, and overall satisfaction with the ERP (Enterprise Resource Planning)solution. It allows for an understanding of how well the vendor meets the specific needs and requirements of businesses in various industries. References from previous customers serve as a form of social proof, providing evidence of the vendor's capabilities and reliability. Positive references can instill confidence in potential clients, while negative references can raise red flags and indicate potential issues to consider.

Additionally, speaking with references allows for a deeper exploration of factors that may not be readily apparent through vendor marketing materials or demonstrations. It provides an opportunity to ask specific questions related to the ERP system's performance, scalability, customization options, integration capabilities, and ongoing support. In summary, checking references from previous customers is a valuable practice in evaluating ERP vendors. It helps potential clients gather insights, assess customer satisfaction, and make informed decisions based on real-world experiences with the vendor and their ERP solution.

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Recommending that a business affiliate itself with a particular concert series known as "sponsorship".

The role or responsibility of an individual or entity that endorses, promotes, counsels, or contributes to the funding of an individual, an organization, or a project:

Thus, recommending that a business affiliate itself with a particular concert series known as "sponsorship".

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The complete question is-

suggesting a company align itself with a certain concert series is called _________.

In my opinion, minimum wage should be increased because an increase in minimum wage would reduce poverty, increase consumer spending, and promote economic growth.

Minimum wage has not kept pace with inflation, and that the current federal minimum wage of $7.25/hr is not a living wage in most parts of the United States. A $15/hr minimum wage would provide a more realistic living wage for many low-wage workers, but there is disagreement on whether this should be achieved through federal legislation or through individual state action.

Ultimately, whether or not to raise the minimum wage is a complex issue that involves balancing the needs of workers, businesses, and the overall economy. It is important for policymakers to carefully consider the potential impacts of any minimum wage increase and to find ways to support low-wage workers without unduly burdening businesses.

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Answer:

i like your smart pantry idea lol, its like a smart fridge but pantry version

Explanation:

In recent decades, economic inequality (both income inequality and wealth inequality) has become a prominent topic in American.

The income inequality in America has been worsening over the last 40 years. The rich people have been getting richer, and the poor people have been getting poorer.

The wealthiest Americans hold a disproportionate share of the country's wealth, and the country has the highest poverty rate in the developed world.

This issue is serious and affects the country's economy, social fabric, and political system. It has become increasingly clear that addressing this issue is essential to creating a more equitable and just society.

The causes of economic inequality are multifaceted. They include factors such as globalization, technological change, and the decline of unions. Globalization has made it easier for corporations to outsource labor to countries with lower wages and weaker labor laws.

As a result, many American jobs have been lost, and wages have stagnated. Technological change has also contributed to the decline of jobs that require less education and more manual labor. The decline of unions has weakened the bargaining power of workers, leading to lower wages and fewer benefits.

Addressing economic inequality requires a multi-faceted approach. It involves creating policies that promote economic growth and job creation, such as infrastructure investment, education reform, and research and development.

Finally, addressing income inequality also requires reforming the tax code to ensure that the wealthy pay their fair share and investing in programs that help lift low-income families out of poverty.

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To calculate the amounts in your IRA and your sister's IRA at age 65, we can use the formula for future value of an ordinary annuity.

The future value of an ordinary annuity formula is:

FV = P * ((1 + r)^n - 1) / r

Where:

FV is the future value

P is the annual contribution

r is the annual interest rate

n is the number of years

In this case, you make annual contributions of $1,000 for 10 years, starting at age 20, and your sister makes annual contributions of $1,000 for 30 years, starting at age 35. The interest rate is 6%.

Calculating the amounts:

For your account:

P = $1,000

r = 6% or 0.06

n = 65 - 20 = 45

FV = $1,000 * ((1 + 0.06)^45 - 1) / 0.06 ≈ $182,694

For your sister's account:

P = $1,000

r = 6% or 0.06

n = 65 - 35 = 30

FV = $1,000 * ((1 + 0.06)^30 - 1) / 0.06 ≈ $114,612

So, at age 65, you would have approximately $182,694 in your account, and your sister would have approximately $114,612 in her account.

Therefore, you would have a larger amount at age 65 compared to your sister.

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A shift in demand occurs when there is a change in the demand for a product or service. The graph illustrates the demand for water in Los Angeles from 2020 to 2050. Let (inverse) demand be Pb = 87 - 6 Qb and (inverse) supply be Pv = 27 + 4 Qv.

Consider the shift in demand illustrated (the intercept of Pb moves by 9).In this case, the most likely cause of the shift depicted during this time period is an increase in L.A.'s population. The demand curve shifts to the right as the population grows, indicating that the quantity of water demanded rises. As a result, an increase in the population of L.A. would cause an increase in the quantity of water demanded. The demand curve would shift to the right in this scenario. A change in demand occurs when there is a shift in the demand curve, which can be caused by a variety of factors such as population growth, a shift in consumer tastes, and so on. An increase in demand results in a shift to the right, whereas a decrease in demand results in a shift to the left. Supply curves, on the other hand, may shift to the right or left as a result of changes in production costs, the introduction of new technology, or other factors. A change in supply will shift the supply curve either to the left or to the right. The equilibrium point is where supply and demand intersect.

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Each scenario should be matched to the factors that affect the labor market as follows:

Immigration can be defined as the movement of a group of people from one geographical region to another geographical destination such as a city, especially in search of any of the following:

A foreign direct investment (FDI) simply refers to a type of investment which is made by an individual or business organization (investor) into an investment market that is located in another country.

In conclusion, an example of foreign direct investment (FDI) is a US supermarket chain that is planning to open a few supermarkets in a country in Europe.

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Answer:

Post Test: Free Market and Businesses

Unit: 2

Economics

Question #12

__________________________________________________________

This is 100% right because I took the test

Go to explanation for picture with answers

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Explanation:

Here's the picture and I hope this helped!

Have a nice day!

The debit and credit to record the cost of the inventory that the company expects to be returned into inventory is Debit Estimated Returns Inventory $1,900, Credit Cost of Goods Sold $1,900.

Since we were told that the company has the amount of $1900 as  the merchandise inventory which means that the appropriate journal entry to record the transaction will be:

Journal entry

Debit Estimated Returns Inventory $1,900

Credit Cost of Goods Sold $1,900

(To record cost of inventory)

Therefore  the company will debit the amount of $1900 as returns inventory and credit $1900 as cost of goods sold.

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Answer:

marketing is the business functions involved in developing and selling products that meet customer's need.

Answer:

21.51%

Explanation:

RKI instruments borrowed $4,300,000 from a private equity firm to expand its facility.

A year after the loan was repaid with a single payment of $5,225,000

Therefore the interest rate on the loan can be calculated as follows

= 5,225,000-4,300,000/4,300,000 × 100

= 925,000/4,300,000 × 100

= 0.2151 × 100

= 21.51%

Hence the interest rate of the loan is 21.51%

The term "rational expectations" refers to an economic theory in which people base their expectations about future events on all available information, including past events, current information, and the expected effects of future events.

Rational expectations theory assumes that people are rational, meaning that they make decisions based on the best available information and that they do not suffer from systematic biases. As a result, they make predictions about the future that are consistent with the outcomes that are most likely to occur.

Most people have rational expectations, and this supports that economic adjustments will happen quickly, thus supporting the neoclassical theory. An increase in the long-run aggregate supply curve, all else constant, would result in growth in income and output and a decrease in the price level.

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