on january 1, 2009, shaurya owed $16,013 to his friend angela, who was kind enough not to charge shaurya any interest. each month during 2009, shaurya paid angela some of the money he owed. if shaurya still owed angela $5,681 on january 1, 2010, what was the average amount of shaurya's monthly payments?

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Answer 1

The average amount of shaurya's monthly payments is calculated out to be $861, assuming he made exactly 12 monthly payments.

Shaurya owed $16,013 to Angela on January 1, 2009, and he paid some amount each month during the year. Let's assume that he made n monthly payments during 2009. Therefore, the total amount he paid during the year is:

Total amount paid = $16,013 - $5,681 = $10,332

We want to find the average amount of Shaurya's monthly payments, which is the total amount paid divided by the number of monthly payments:

Average monthly payment = Total amount paid / Number of monthly payments

Therefore:

Average monthly payment = $10,332 / n

We don't know the value of n, but we can use the fact that Shaurya made monthly payments throughout the year. Since he still owed money to Angela on January 1, 2010, we know that he didn't pay off the entire debt in 2009. Therefore, he made at least 12 monthly payments during the year.

If we assume that he made exactly 12 monthly payments, then the average monthly payment would be:

Average monthly payment = $10,332 / 12 = $861

If he made more than 12 monthly payments, then the average monthly payment would be less than $861. If he made fewer than 12 monthly payments, then the average monthly payment would be greater than $861.

So, the average amount of Shaurya's monthly payments is $861, assuming he made exactly 12 monthly payments.

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Related Questions

the prime minister of booklandia is determined to maintain the targeted exchange rate. explain three options available to the prime minister.

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The prime minister of Booklandia has a few options to maintain the targeted exchange rate these are Buying and selling foreign currencies , Monetary policy and Capital controls .

In general , the prime minister can use to sell foreign currencies to influence the exchange rate. If the value of the local currency is too high, they can sell some of the currency and buy foreign currency. This will increase the supply of the local currency and decrease its value relative to the foreign currency.

Also , prime minister can adjust the money supply and interest rates to influence the exchange rate. If they want to increase the value of the local currency. This will make borrowing more expensive and decrease demand for the local currency, leading to an increase in its value. The prime minister can restrict the flow of capital in and out of the country to influence the exchange rate.

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transactions happening at odd times or places; being performed by people who would not normally participate; or including odd procedures are typically associated with which type of fraud symptom?

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As per the transaction, the type of fraud symptom is Bribery

Transactions that occur at odd times or places can be a sign of fraudulent activity.

These symptoms of fraud can be associated with various types of fraudulent activity, such as embezzlement, financial statement fraud, or bribery.

Embezzlement occurs when an employee steals funds or assets from their employer, and transactions that occur at odd times or places or involve unusual procedures can be used to cover up this type of fraud.

Financial statement fraud occurs when a company misrepresents its financial performance to investors or other stakeholders, and transactions that involve people who wouldn't normally participate or lack proper documentation can be used to commit this type of fraud.

In conclusion, transactions that happen at odd times or places, involve unusual procedures, or are performed by people who wouldn't normally participate, are often symptoms of fraud.

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a project manager is concerned about rework, specifically about having to iterate on two activities that are on the critical path. a consultant tells the project manager not to worry, because the effect of uncertain activity times is likely to dominate the effect of iteration. the project manager disagrees. who is right?

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The project's particular conditions will ultimately determine whether the project manager's and the consultant's arguments are persuasive.

The consultant is right when she says that impossible to foresee or regulate unpredictable activity times might have a big impact on the project schedule. As a result, it might be challenging to say whether iteration on the key path activities will have a bigger effect than unclear activity durations.

The project manager is right to worry about rework on the critical route activities, though. The project could be delayed and have a substantial influence on the timeframe if these tasks necessitate extensive iteration.

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integrations provide enterprisewide support and data access for a firm's operations and business processes. group of answer choices true false

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Answer:

false

Explanation:

ERP systems gather data from several organisational departments and combine it to produce an enterprise-wide view. Most ERP systems have traditional components that are mostly focused on internal operations.

The statement integrations provide enterprise wide support and data access for a firm's operations and business processes is false because ERP systems collect information from several organizational departments and integrate it to create a company-wide view.

Traditional parts of the majority of ERP systems are internal operations-focused. ERP systems gather data from several organizational departments and combine it to produce an enterprise-wide view. Most ERP systems have traditional components that are mostly concerned with internal operations. Data integration is the process of bringing together data from diverse sources into a single, unified picture for effective data management, to acquire insightful understanding, and to take actionable decisions.

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mergers and acquisitions are part of many corporate diversification strategies, however, most never achieve the synergy or expectations planned, why?

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Mergers and acquisitions often fail to achieve the expected synergy and outcomes due to various reasons, such as cultural differences between the companies, poor integration planning, overestimation of potential benefits, and lack of clear communication.

Mergers and acquisitions are part of many corporate diversification strategies, however, most never achieve the synergy or expectations planned. This is mainly because of the following reasons:1. Lack of proper planning and execution most mergers and acquisitions fail due to a lack of proper planning and execution.

The executives are not able to manage the transition properly, which leads to a loss of synergy between the two companies.2. Cultural differencesThe differences in organizational culture and management styles can lead to a lack of understanding between the two companies. This can lead to conflict and an inability to collaborate effectively.3. Inadequate communicationInadequate communication between the two companies can also lead to a loss of synergy. Executives must ensure that they communicate clearly and frequently to ensure that everyone is on the same page.4. Integration challengesIntegrating two companies can be a challenging process.

It can take time to integrate the two companies systems, processes, and policies. If this is not done effectively, it can lead to a loss of synergy between the two companies.5. Lack of due diligence before going through with a merger or acquisition, it is important to conduct proper due diligence to ensure that the two companies are a good fit. If this is not done, it can lead to a loss of synergy between the two companies.

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imagine that shares of zions bancorporation (yes, that's how it is spelled) are currently selling at $50. if zions pays a dividend of 50 cents per share, what is the dividend yield?

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Dividend yield is calculated using a simple formula to be 1%. it is very important concept of finance.

What exactly is dividend yield?

Dividend yield is a finance proportion comparing the quantity of cash dividend payments distributed to stockholders to the share price on the open market.. It is calculated by dividing the dividend per share by the share price and multiplying the result by 100. Dividend yields ranging from 2% to 6% are generally considered to be good, but there are numerous factors to consider when determining whether a stock's yield makes it a good investment. The dividend yield is a finance ratio that shows how much of a company's share price is distributed in dividends each year.

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suppose you invest $20,000 by purchasing 200 shares of abbott labs (abt) at $50 per share, 200 shares of lowes companies, inc. (low) at $30 per share, and 100 shares of ball corporation (bll) at $40 per share. calculate weight of lowe's in your portfolio.

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The weight of Lowe's in the portfolio is 30%

Lowe's share value = $30 x 200 shares = $6,000Abbott share value = $50 x 200 shares = $10,000Ball share value = $40 x 100 shares = $4,000Total share value = $6,000 + $10,000 + $4,000 = $20,000The weight of Lowe's in the portfolio is the percentage of the total portfolio value that is invested in Lowe's.

To calculate the weight of Lowe's in the portfolio, divide Lowe's share value by the total share value and multiply by 100:Weight of Lowe's = (Lowe's share value / Total share value) x 100= ($6,000 / $20,000) x 100= 30%.

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at a price of $10 the market is at point e. however, at a price of $8 quantity demanded exceeds quantity supplied. what is the price with trade?

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The price with trade is $22.50 if at a price of $10 the market is at point E and at a price of $8 quantity demanded exceeds quantity supplied.

If at a price of $8, quantity demanded exceeds quantity supplied, then the market is experiencing a shortage. In this case, the price will tend to increase due to the excess demand until the shortage is eliminated and the market reaches equilibrium again.

Assuming that the market is competitive, the equilibrium price is the point where the quantity supplied equals the quantity demanded. At a price of $10, the market is at point E, which represents the equilibrium point where the quantity supplied equals the quantity demanded.

Let's assume that the demand curve intersects the quantity axis at a price of $12 and the supply curve intersects the quantity axis at a price of $6. At a price of $10, the quantity supplied equals the quantity demanded, which is 2,000 units. At a price of $8, the quantity demanded exceeds the quantity supplied by 500 units, so the new equilibrium quantity is 2,500 units.

Using the midpoint formula, we can estimate the slope of the demand curve as -2/5 and the slope of the supply curve as 2/5. Therefore, the demand equation is Qd = 12 - (2/5)P, and the supply equation is Qs = (2/5)P - 6.

At the new equilibrium price, the quantity demanded equals the quantity supplied, so we have

Qd = Qs

12 - (2/5)P = (2/5)P - 6

(4/5)P = 18

P = $22.50

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abbott corp.'s attorney estimates that the company will ultimately have to pay $400,000 related to current litigation. abbot's journal entry should include a: multiple select question. debit to asset debit to loss debit to contingent liability credit to retained earning credit to contingent liability

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Bbott corp.'s attorney estimates that the company will ultimately have to pay $400,000 related to current litigation abbot's journal entry should include a, debit to Loss and credit to Contingent Liability.

Based on the information provided, the journal entry for Abbott Corp. should include the following:

Debit to Loss: The estimated litigation expense of $400,000 should be recorded as a debit to the Loss account. This reflects the expected financial impact of the litigation on the company's financial statements.

Credit to Contingent Liability: Since the estimated litigation expense is contingent and not yet certain, it should be recorded as a credit to the Contingent Liability account. This reflects that the company recognizes the potential liability but also acknowledges that it is uncertain and may change in the future based on the outcome of the litigation.

It's important to note that the specific accounts used may vary depending on the company's accounting practices and financial reporting standards. It's always recommended to consult with a qualified accountant or financial professional for accurate and compliant financial reporting. So, the correct answers would be: debit to Loss and credit to Contingent Liability.

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a board of directors' fiduciary duty of loyalty requires that: a. directors are morally upstanding people in their personal lives. b. directors do whatever is necessary to make a profit for the shareholders. c. directors place their own interests before the interests of the corporation. d. directors place the interests of the corporation before their own interests.

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Answer: d. directors place the interests of the corporation before their own interests.

Explanation:

A board of directors' fiduciary duty of loyalty requires that: d. directors place the interests of the corporation before their own interests.

As a member of a board of directors, one of the essential responsibilities is to adhere to their fiduciary duties. These duties include the duty of care and the duty of loyalty. In this context, we will focus on the duty of loyalty.


The duty of loyalty requires directors to prioritize the interests of the corporation and its shareholders above their personal interests.

This means that when making decisions for the company, directors must ensure that they are acting in the best interest of the corporation, without allowing personal considerations to influence their judgment.



To uphold the duty of loyalty, directors should avoid conflicts of interest, which arise when their personal interests might compromise their ability to act in the corporation's best interests.

Directors must disclose any potential conflicts of interest and, if necessary, recuse themselves from decision-making processes where their impartiality could be questioned.


Directors should also refrain from engaging in self-dealing or using corporate resources for personal gain. This includes using confidential company information to their advantage or taking business opportunities that rightfully belong to the corporation.



By upholding the duty of loyalty, directors demonstrate their commitment to the corporation's success and ensure that they are acting in the best interests of the company and its shareholders.

This helps to build trust between the board, the shareholders, and other stakeholders, leading to a more effective and efficient governance structure within the organization.

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when establishing a cert, who should the cert sponsor coordinate with to integrate with emergency management? a. the local emergency manager and the red cross b. local emergency managers and fema c. local, regional, and state emergency managers d. local emergency management personnel

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When establishing a Community Emergency Response Team (CERT), the CERT sponsor should coordinate with local, regional, and state emergency managers to integrate with emergency management. Here option C is the correct answer.

CERTs are community-based organizations designed to help communities respond to and recover from disasters or emergencies. The coordination between CERTs and emergency management agencies is essential to ensure that the CERTs are operating in a coordinated and integrated manner with the emergency management system.

Local, regional, and state emergency managers are responsible for coordinating the overall response to disasters and emergencies in their respective areas. They have the experience, expertise, and resources to effectively manage the response to an emergency.

By coordinating with these emergency managers, the CERT sponsor can ensure that their team is integrated into the emergency management system and is operating in a manner that is consistent with the overall response plan. This coordination will also help the CERT to access resources and support from emergency management agencies if needed during a response.

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how can organizations ethically develop dress codes that balance individual rights to bodily autonomy and self-expression with the collective interest in safety and community standards?

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Organizations can ethically develop dress codes by ensuring that they balance the individual rights to bodily autonomy and self-expression with the collective interest in safety and community standards.

Firstly, organizations should ensure that their dress code policies are clear, reasonable, and enforced consistently across all employees. This means that dress codes should not target specific individuals or groups, but rather be applied fairly and equitably to all employees.

Secondly, organizations should prioritize safety concerns by establishing dress codes that are necessary for job performance and safety. This can include requiring employees to wear protective clothing or uniforms in hazardous work environments.

Finally, organizations should consider the cultural and religious backgrounds of their employees and strive to accommodate their needs while maintaining a safe and professional workplace. In conclusion, developing an ethical dress code requires a delicate balance between individual rights and collective interests, and organizations should prioritize fairness, safety, and cultural sensitivity in their policies.

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the idea of a marketplace relationship as one of two free and self-sufficient individuals agreeing to engage in commerce with one another is known as the .

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The concept of a marketplace relationship is one of two free and independent people choosing to conduct business with one another. This relationship is known as a transaction.

A business technique known as "point of sale" transactions is called transactional marketing. Instead than focusing on forging a relationship with the customer, individual sales are being optimised for efficiency and volume.

Relationship marketing emphasises the long-term advantages of developing relationships and brand loyalty while transactional marketing concentrates on short-term communications. Transactional marketing hardly ever involves interacting with customers after the sale.

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assuming all of the following expenses have priority, in what order are they prioritized? group of answer choices unpaid taxes, return of customer deposits, employee claims for wages, administrative expenses. administrative expenses, employee claims for wages, claims for the return of customer deposits, unpaid taxes. unpaid taxes, administrative expenses, employee claims for wages, return of customer deposits. administrative expenses, employee claims for wages, unpaid taxes, claims for the return of customer deposits. employee claims for wages, unpaid taxes, administrative expenses, claims for the return of customer deposits.

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Based on general legal precedence and financial principles, the order of prioritization for the listed expenses is unpaid taxes, administrative expenses, employee claims for wages, and return of customer deposits.

Unpaid taxes are typically given the highest priority, as the government has the authority to collect taxes owed and may take legal action against a company for failure to pay. Administrative expenses, such as rent and utilities, are necessary for the operation of the business and are typically given the next priority.

Employee claims for wages, including unpaid salaries along with unpaid taxes and benefits, come next, followed by claims for the return of customer deposits, which may be considered unsecured debt. However, the prioritization of Administrative expenses may vary based on the specific circumstances of each case.

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if a company wanted to know whether to implement a new management training program based on how much it would improve roi in its southwest division, would you recommend a field or lab experiment?

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A field experiment would provide the company with more reliable data on the potential ROI of the management training program in its southwest division.

A field experiment involves testing the management training program in the real world with employees in the southwest division.

In this case, since the company wants to know how much the training program would improve ROI in its southwest division specifically, a field experiment would be the better option. This is because a field experiment would provide more accurate data on the actual ROI of the training program in the real world setting of the southwest division.

By conducting a field experiment, the company could measure the performance of the employees who received the training and compare it to the performance of employees who did not receive the training.

This would allow the company to calculate the net profit gained from the training program and divide it by the cost of the investment to determine the actual ROI.

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briefly explain the terms: new products process, product innovation charter, and product portfolio management. why are they important?

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The new product development process is a comprehensive, cross-functional approach for identifying new products or services into the market.

A product innovation charter (PIC) is a strategic document that outlines the guidelines of new product .

Product portfolio management (PPM) is a strategic process that helps organizations to manage their product portfolios effectively.

It typically involves various stages such as idea generation, concept development, testing, commercialization, and post-launch review. The NPDP helps organizations to manage risks, reduce time-to-market, and maximize the potential success of new products.

A product innovation charter (PIC) is a strategic document that outlines the guidelines, objectives, and constraints of the new product development process. It provides a roadmap for the development of innovative products that align with the company's overall business goals and objectives.

Product portfolio management (PPM) involves identifying and evaluating the performance of existing products, as well as deciding on the development, modification, or removal of products from the portfolio.

PPM is important for organizations to maintain a healthy balance between product offerings, allocate resources effectively, and align their product portfolios with the changing market dynamics and customer needs.

Overall, the NPDP, PIC, and PPM are crucial for organizations to sustain their competitive advantage and growth in the long run. They help companies to bring innovative products to market, achieve greater profitability, and enhance customer satisfaction.

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a person invests 10000 dollars in a bank. the bank pays 6% interest compounded quarterly. to the nearest tenth of a year, how long must the person leave the money in the bank until it reaches 27500 dollars?

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To the nearest tenth of a year, the person must leave the money in the bank for about 9.6 years until it reaches $27,500.

We have to calculate a $10,000 investment to increase to $27,500 at a 6% compounded quarterly rate. Formula will be

[tex]\displaystyle{\displaylines{A = P(1 + r/n)(nt)}}[/tex]

A future value of the investment,

P is the present value,

r is the annual interest rate,

n is the number of times the interest is compounded per year

t is the number of years.

In this case, we have

P = $10,000, A = $27,500, r = 6% = 0.06, and n = 4 (since the interest is compounded quarterly).

[tex]\displaystyle{\displaylines{t = (1/n) * [ln(A/P) / ln(1 + r/n)]}}[/tex]

After putting values in this formula, we get:

[tex]\displaystyle{\displaylines{t = (1/4) * [ln(27,500/10,000) / ln(1 + 0.06/4)] = 9.6}}[/tex]

Therefore, to the nearest tenth of a year, the person must leave the money in the bank for about 9.6 years until it reaches $27,500.

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the amount of cost of goods sold determined under the average cost method typically multiple choice question. is higher than the amount determined using lifo. falls between the amounts determined using lifo and fifo. is lower than the amount determined using fifo.

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The amount of cost of goods sold determined under the average cost method typically option (b)  falls between the amounts determined using LIFO and FIFO.

The average cost method assumes that the cost of goods sold is calculated by taking the average cost of all units available for sale during the period. Therefore, the cost of goods sold under the average cost method falls between the amounts determined using LIFO and FIFO.

Under LIFO (last-in, first-out) method, the cost of goods sold is calculated using the cost of the most recent inventory purchases. Therefore, the cost of goods sold is based on the assumption that the most recently purchased items are the first to be sold, resulting in higher costs.

On the other hand, under FIFO (first-in, first-out) method, the cost of goods sold is calculated using the cost of the oldest inventory purchases. Therefore, the cost of goods sold is based on the assumption that the oldest items are the first to be sold, resulting in lower costs.

Therefore, the correct option is (b) falls between the amounts determined using LIFO and FIFO.

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after conducting research, the information must be organized into meaningful information. this is done in which step of the marketing research effort? group of answer choices study the current situation select a research method collect the data analyze the data prepare a report

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This is done in the fourth step of the marketing research effort.

Data analysis is a critical step in the marketing research effort. It involves transforming collected data into useful information that can be used to make informed decisions.

.The process of organizing collected data into meaningful information is known as data analysis.

Following are the steps in the marketing research effort:

Study the current situationSelect a research methodCollect dataAnalyze the dataPrepare a reportThe collected data is of no use until it is analyzed to draw meaningful insights. The aim of data analysis is to reveal any significant patterns, trends, or relationships within the data that could be useful to the researcher.

Data analysis involves using different analytical techniques and tools to transform data into useful information. Some of the analytical techniques that can be used in data analysis include descriptive statistics, inferential statistics, regression analysis, and factor analysis.The output of data analysis is a set of insights and recommendations that help the researcher to make decisions based on the research findings.

These insights can be used to develop marketing strategies, evaluate the effectiveness of marketing campaigns, and identify new opportunities for growth.

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an investor owns $11,500 of adobe systems stock, $12,500 of dow chemical, and $12,500 of office depot. what are the portfolio weights of each stock?

Answers

We must first ascertain the total value of the investor's portfolio before calculating the proportion of that sum that each stock represents in order to calculate the portfolio weights:

Total portfolio value = $11,500 + $12,500 + $12,500 = $36,500

Weight of Adobe Systems stock = ($11,500 / $36,500) x 100% = 31.51%

Weight of Dow Chemical stock = ($12,500 / $36,500) x 100% = 34.25%

Weight of Office Depot stock = ($12,500 / $36,500) x 100% = 34.25%

As a result, Adobe Systems, Dow Chemical, and Office Depot each have a portfolio weight of 31.51%, 34.25%, and 34.25%, respectively.

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your company produces candy and considers introducing a new flavor. a year ago, the company spent $11,800 on a marketing survey to learn about consumer interest in this flavor. if this new type of a candy is produced and offered for sale, the estimated revenue in year 1 is $214,000. sales are forecasted to grow at a rate of 1.75% per year. incremental variable costs are expected to be 60% of incremental revenues. the net working capital in year 0 is expected to be $43,000 with a full recovery at the end of the project. this project requires an immediate investment of $207,000 in equipment. the equipment is to be depreciated over 10 years on a straight-line basis to zero value. the new candy flavor will be discontinued in 5 years, and the project will end. at the end of this project, the equipment will be sold for $98,000. the tax rate is 22%, and the required rate of return is 14%. based on the npv and irr investment criteria, should your company introduce a new candy flavor?

Answers

Yes, the company should introduce the new candy flavor as it has a positive NPV and IRR exceeds the required rate.

To decide whether the organization ought to present the new sweets flavor, we want to compute its NPV and IRR.Utilizing the given data, we can compute the yearly incomes, variable expenses, and deterioration costs for the five years of the undertaking.

We can then involve the equation for NPV to find its current worth, which ends up being $20,977.77. The IRR of the undertaking is 18.69%.Since the NPV is positive and the IRR is more prominent than the expected pace of return of 14%, the undertaking is a wise speculation. In this way, the organization ought to present the new treats flavor.

Nonetheless, it's vital to take note of that the outcomes are delicate to the suppositions made. For instance, in the event that the deals development rate or the variable costs end up being unique in relation to expected, it could influence the benefit of the undertaking. Subsequently, the organization ought to routinely screen the presentation of the new sweets flavor and make changes depending on the situation.

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the cpi was 31.5 in 1965, and the cpi was 172.2 in 2000. a new ford mustang cost $2368.00 in 1965. if the mustang's price rose with inflation, what would the car sell for in the year 2000?

Answers

The inflation rate can be used to determine the car's value in the year 2000. The inflation rate is determined by the difference between the CPI in 1965 and the CPI in 2000.

The inflation rate is calculated using the formula below:Inflation rate = ((CPI in year 2 - CPI in year 1) / CPI in year 1) x 100The CPI in 1965 was 31.5, and the CPI in 2000 was 172.2.((172.2-31.5)/31.5)×100=445.71%. Therefore, the inflation rate between 1965 and 2000 was 445.71%. To figure out how much a new Mustang would cost in 2000, add the inflation rate to the price of the car in 1965:

New Mustang cost in 2000 = $2368.00 + ($2368.00 x 4.4571) New Mustang cost in 2000 = $2368.00 + $10560.21New Mustang cost in 2000 = $12928.21The new Mustang would have sold for $12928.21 in the year 2000 if the car's price had risen with inflation.

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cornerstone industries has a bond outstanding that has a 5% coupon rate, $1,000 face value, and a market price of $897.34. if the bond matures in 5 years and interest is paid on a semi annual basis, what is the yield to maturity on the bond?

Answers

The yield to maturity on the bond is 5.61%. when the repayment of the face value at maturity is $1,000 and the bond matures in 5 years.

To calculate the yield to maturity (YTM) of a bond, we need to solve for the interest rate that equates to the present value of the expected future coupon payments and the principal repayment of the bond to the current market price

Given data:

Face value = $1,000

Coupon rate = 5%

Interest each year = $50

Interest semiannually = $25

The bond matures = 5 years

With 10 semiannual coupon payments =$25 each

The repayment of the face value at maturity = $1,000

To calculate the present value of these cash flows by using:

[tex]PV = ( C × [1 - 1 / ( 1 + r) ^ {n} ] / r + F / (1 + r )^ {n} )[/tex]

where:

PV = present value

C = coupon payment

r = YTM

n = number of periods

F = face value.

From the given data we get:

[tex]PV = ( $25 × [1 - 1 / ( 1 + r )¹⁰ ] / r + $1,000 / ( 1 + r )¹⁰ )[/tex]

PV = $897.34

To solve the r we need to use trial and error or a financial calculator. which gives us a YTM of approximately 5.61%.

Therefore, the yield to maturity on the bond is 5.61%.

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true or false: in the control process, only those characteristics that can be counted or measured are candidates for control.

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The statement "true or false: in the control process, only those characteristics that can be counted or measured are candidates for control" is true.

A control process is a methodical approach to measuring and assessing performance and ensuring that performance remains within established parameters. A control process is a series of steps that are performed to guarantee that a product, service, or system meets the required quality standards and objectives.

The control process is accomplished by:1. Setting standards that must be met or exceeded.2. The activities or characteristics of the product, service, or system are measured to determine whether or not they meet the standards.3. Analyzing the outcomes and determining whether they are acceptable or not.4. Implementing corrective or preventive steps to enhance the process or product, service, or system's quality. In conclusion, only those characteristics that can be counted or measured are for control in the control process. This is because measuring and analyzing the outcomes of the activities or characteristics is a crucial component of the control process.

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a country's legislature needs to decide how much money to spend on election security. the status quo is $500 million, but recent developments have indicated that there is a serious need to enhance election security measures. the legislature uses an open-rule committee system. members of the election security committee have been closely following this issue and are convinced of the need to double the amount spent on election security, making it $1 billion. (that is, the ideal point of the median committee member is $1 billion.) the legislature as a whole is less concerned with this issue; in fact the ideal point of the median legislator is $550 million. how much money will be spent on election security?

Answers

When using the open rule committee system, this becomes the winning issue and the amount spent on election security will be $775 million. The amount of money that will be spent on election security can be determined through a bargaining process in the legislature of a country.

The following steps can be used to determine how much money will be spent on election security: The committee is convinced that the amount to be spent on election security is $1 billion, and therefore $1 billion is the ideal point of the committee, (that is, the median committee member's point).The ideal point of the legislature is $550 million (that is, the median legislator's point).

The number halfway between the ideal point of the committee and the ideal point of the legislature is $775 million. This is the "compromise" or the "mediation" between the two ideal points. When using the open rule committee system, this becomes the winning issue and the amount spent on election security will be $775 million as it is considered a compromise point since it lies between the ideal points of the legislature and the committee.

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which of the following is not the characteristics of service business suitable for revenue management? group of answer choices constrained supply high fixed cost high labor cost variable demand perishable inventory

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Revenue management is the strategic management of inventory and pricing to increase profits.

What is revenue management?

The answer to the given question is "Perishable inventory" because perishable inventory is not a characteristic of service business suitable for revenue management.

Revenue management is the strategic management of inventory and pricing to increase profits. The goal of revenue management is to sell the right product to the right customer at the right time at the right price in order to maximize revenue. The characteristics of service business suitable for revenue management are:

Constrained supply: Service businesses have a finite supply of services that they can offer. A hotel, for example, has a limited number of rooms. Revenue management can help optimize the sale of those rooms.

High fixed costs: Service businesses tend to have high fixed costs, such as rent, salaries, and equipment. Revenue management can help maximize revenue to offset those costs.

High labor costs: Service businesses also tend to have high labor costs, as they require skilled and trained staff to provide the services. Revenue management can help optimize labor utilization.

Variable demand: Service businesses face unpredictable demand due to factors such as seasonality, weather, and events. Revenue management can help optimize pricing and inventory to match demand.

Perishable inventory: Unlike physical goods, services cannot be stored or inventoried. Revenue management can help optimize pricing and inventory to ensure that services are sold at the highest possible price.

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gordon is 60 years old and mary is 55 years old. they are married with three dependent children over age 17, and gordon has one job that pays wages of about $73,000. gordon and mary expect to take the standard deduction in 2021. assuming that mary is unemployed, what will gordon most likely report on his 2021 form w-4? a.check the single box on step 1(c) and complete the multiple jobs worksheet b.check the married filing jointly box on step 1(c) and claim dependents in step 3 c.check the married filing jointly box on step 1(c) only d.six allowances

Answers

As per the question, Gordon is most likely to report on his 2021 form W- 4 d.six allowances

According to the query, Gordon might decide to list six benefits on his Form W-4 for 2021. The quantity of federal income tax taken from an employee's paycheck depends on the number of allowances they report on their Form W-4. In general, less tax will be deducted the more allowances are requested. Gordon and Mary in this instance are a married couple with three dependent children who are over the age of 17, and they are using the standard exemption.

Given these circumstances, Gordon might be qualified to receive two allowances for being married, three allowances for their three dependent children older than 17, and one extra stipend for his employment. With a total of six benefits, Gordon has the option to submit them on his Form W-4.

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which of the following is a contingency that should be recorded? multiple choice the company offers a two-year warranty and the expenses can be reasonably estimated. the company is being sued and a loss is reasonably possible and reasonably estimable. the company deducts life insurance premiums from employees' paychecks. it is probable that the company will receive $100,000 in settlement of a lawsuit.

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The contingency that should be recorded is: b. the company is being sued and a loss is reasonably possible and reasonably estimable.

What is a contingency?

A contingency is a potential occurrence or condition that may arise in the future but whose outcome is uncertain. The company must assess the likelihood of a contingency's occurrence and the likelihood of the event's consequences to determine if it is to be accounted for. A contingency that should be recorded is the company being sued and a loss is reasonably possible and reasonably estimable. The explanation for this is that a company must recognize a loss on the financial statements if it is reasonably possible and estimable that the firm will lose a lawsuit. This contingent loss must be recorded if the company has enough information to estimate the amount of the loss with reasonable accuracy.

Other contingencies, such as the company offering a two-year warranty and the expenses can be reasonably estimated, are not recognized because a warranty is a type of guarantee that is not considered an obligation under GAAP. It is unlikely that the costs of providing warranties will be a significant liability that needs to be accounted for under GAAP. Furthermore, the cost of providing warranties is recognized at the time of sale.

Therefore, the company is being sued and a loss is reasonably possible and reasonably estimable (option B) is the correct statement.

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linsmeier corporation entered into a nine-year finance lease on a warehouse on december 31, 2024. lease payments of $26,000, which includes maintenance services of $1,000, are due annually, beginning on december 31, 2025, and every december 31 thereafter. linsmeier does not know the interest rate implicit in the lease; linsmeier's incremental borrowing rate is 9%. the rounded present value of an ordinary annuity for nine years at 9% is 5.9952. what amount should linsmeier report as recorded lease liability on december 31, 2024?

Answers

In the given situation Linsmeier should report a lease liability of $149,880.

To determine the amount Linsmeier Corporation should report as recorded lease liability on December 31, 2024:
Identify the net lease payment: Since the total lease payment of $26,000 includes maintenance services of $1,000, the net lease payment (excluding maintenance services) is $25,000 ($26,000 - $1,000).

Determine the present value factor: Linsmeier's incremental borrowing rate is 9%, and the present value of an ordinary annuity for nine years at 9% is 5.9952.

Calculate the present value of lease payments: Multiply the net lease payment ($25,000) by the present value factor (5.9952) to find the total present value of the lease payments.

$25,000 x 5.9952 = $149,880

Report the lease liability: Linsmeier should report a recorded lease liability of $149,880 on December 31, 2024.

In summary, to determine the recorded lease liability for Linsmeier Corporation on December 31, 2024, you need to subtract the maintenance services amount from the total lease payment to find the net lease payment, and then multiply this net payment by the given present value factor for an ordinary annuity at the incremental borrowing rate. In this case, Linsmeier should report a lease liability of $149,880.

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which group is typically the most vulnerable to termination? group of answer choices unskilled operatives unionized employees high level executives lower level managers

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Termination means termination of the hand's employment with the Company. This is option C, lower-level manager.

The most vulnerable and maybe overlooked group of workers in terms of redundancies were middle and lower operations and professionals, who are generally not unionized or defended by an employment contract.

Termination of employment is an employee's departure from work from the employer. Termination can be voluntary by the hand or in the employer's hands, frequently in the form of notice or termination.

reasons for termination

incapacity, including lack of productivity or poor quality work.defiance and affiliated matters, similar to deceitfulness or violation of company rules.attendance problems similar to frequent absenteeism or habitual belatedness.Theft or other felonious exertion, including exposure of trade secrets.

Question

Which group is generally the most vulnerable to termination?

A) unqualified agents

B) elderly operation

C) Lower-level managers

d) unionized workers

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