Answer:
FV= $247.69
Explanation:
Giving the following information:
Initial investment (PV)= $230
Number of periods (n)= 3 years
Interest rate (i)= 2.5% = 0.025
To calculate the future value (FV), we need to use the following formula:
FV= PV*(1+i)^n
FV= 230*(1.025^3)
FV= $247.69
given quyens timeline below, which of the following events would prevent her from achieving her career goal on time as planned
Missing the deadline for vocational school applications would prevent her from achieving her career goal on time as planned. Since it will delay the process by one year. Therefore, A is the correct option.
What are vocational schools?Vocational schools are educational institutions in a country which either means secondary or post-secondary schools which provide vocational or career-related training which is required in a specific job or career field. This school attempts to make industry-ready professionals which are skilled and trained to perform the tasks of the industry in an efficient manner.
In present times, vocational training along with academic education is one of the most important tasks an individual should pursue. Trained and qualified professionals will work competitively which will in turn give a great output for the industries.
So missing the deadline for vocational school applications would prevent quyens from achieving her career goal of becoming a hairdresser on time. Therefore, A is the correct option.
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Today, the spot price of the EUR/USD exchange rate is $1.0796. The bid and ask quotes for the six-month EUR/USD forward contracts are, respectively, 73.56 and 75.68. Recall that quotes are reported in basis points, which is the common practice in FX market. According to the interest rate parity, what is the implied foreign interest rate differential
Answer:
b. 13.63%
Explanation:
Multiple choice "(a) 1.01% (b) 1.37% (c) 0.50% (d) -0.50%"
Spot rate = future rate /(1 + interest rate differential)
1.0796 = (1.0796 + 0.007356)/(1 + interest rate differential)
1.0796 = 1.086956 / (1 + interest rate differential)
1.0796 * (1 + interest rate differential) = 1.086956
(1 + interest rate differential) = 1.086956/1.0796
(1 + interest rate differential) = 1.006813634679511
Interest rate differential = 1.006813634679511 - 1
Interest rate differential = 0.006813634679511
interest rate differential = 0.006813634679511*2
interest rate differential = 0.013627269359022
interest rate differential = 13.63%
So, the difference between interest rate of Europe and US is 13.63%.
On January 1, 2010, Water Wonderland issues $20 million of 8% bonds, due in ten years, with interest payable semi-annually on June 30 and December 31 each year. 1. If the market rate is 7%, will the bonds issue at face amount, a discount, or a premium
Answer:
the bonds will trade at a Premium
Explanation:
When the Yield to Maturity (YTM) is less than the Coupon Rate, the price of the Bond will be greater than the par value and we say that the Bond is trading at a Premium.
The Yield to Maturity of 7% is less than the Coupon rate 8% hence the bond will trade at a Premium.
Calculation of the Price of Bond
Alternatively we can calculate the price of the Bond a see for ourselves as follows :
FV = $20,000,000
PMT = ($20,000,000 × 8%) ÷ 2 = $8,00,000
P/YR = 2
YTM = 7 %
N = 10 × 2 = 20
PV = ?
Using a Financial calculator to input the values as above we can calculate the Price of Bond (PV) as $21,421,240.
Your teams production goals recently increased. You are working hard to meet then but you are having trouble hitting these new targets what would you be most and least likely to do
Answer:
Are we nit feel OK because are try
It will be necessary for the production manager to be able to identify which are the main factors causing the difficulty in achieving the new production goals.
There are several factors that could be causing this problem, such as:
lack of essential resourcesteam conflictsresistance to changeneed for team trainingAs the manager, it is necessary to carry out a thorough investigation into the bottleneck that is preventing the team from reaching the new goals, and then devise a strategy so that the problems found are solved and the goals achieved.
As the question provides us with information that the team's production goals have increased, it is necessary that the manager also prepare his team, providing them with relevant information on how the work will be reorganized to achieve the goals and providing feedback and assistance when necessary.
It is essential that employees are trained and motivated by the team leader to achieve the new goals. An integrated and cooperative team is more productive and more likely to achieve new goals without resistance to change.
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For companies that sell goods or services on account, if revenue is recognized prematurely, what would be overstated: sales or accounts receivable
Answer:
Both sales and account receivable
Explanation:
In the case when the company sells the goods or services on an account and the revenue is to be recorded prematurely so here the both accounts i.e. sales and the account receivable are overstated as it impacts these two accounts
Therefore the same is to be considered
hence, Both sales and account receivable are overstated
The Willie Company has provided the following information: Operating expenses were $345,000; Income from operations was $415,000; Net sales were $1,100,000; Interest expense was $71,000; Loss from sale of investments was $87,000; Income tax expense was $58,000. What was Willie's net income
Answer:
net income = $199,000
Explanation:
In order to calculate net income, we will first start with EBIT or income from operations and then subtract income tax expense, loss from sale of investments and finally income taxes:
EBIT = $415,000Interest expense = $71,000Loss from sale of investments = $87,000Income tax expense = $58,000Net income = $199,000Gross profit is deducted from net income, as are any other expenditures and costs, as well as any other earnings and revenue sources not shown in gross profit.
For the net income according to the following question is shown in the image.
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3. Swifty Co. provides for doubtful accounts based on 3% of gross accounts receivable, The following data are available for 2020. Credit sales during 2020 $3,640,100 Bad debt expense 57,270 Allowance for doubtful accounts 1/1/20 16,110 Collection of accounts written off in prior years (customer credit was reestablished) 7,620 Customer accounts written off as uncollectible during 2020 31,280 What is the balance in Allowance for Doubtful Accounts at December 31, 2020
Answer: 49720
Explanation:
The balance in Allowance for Doubtful Accounts at December 31, 2020 would be calculated as:
Debit. Credit
Balance 01.01.2016. 16,110
Bad debt expense 57,270
Collection of accounts 7,620
Account written off. 31,280
Ending balance 49720
Therefore, the balance in allowance for doubtful accounts at December 31, 2020 would be:
= 16110 + 57270 + 7620 - 31280 = 49720