During marketing testing stage of the new-product development process does a marketer develop a prototype for alpha or beta testing.
Definition of market testingMarket testing describes research that can help maketers understand how well a particular product is performing, given a specific market location or audience.
While similar to product testing, market testing focuses on how a product can perform in a market environment rather than on the structure or effectiveness of the product itself. Companies can hire market testing professionals to help launch new products or to analyze and adjust marketing strategies for existing products.
Strategy type of market testingThere are various market testing strategies that researchers can use to learn about a product. Some specific types of market testing include:
1. Focus groups
To create a focus group, marketers gather a small group of people to discuss certain aspects of a product, service, or marketing to gain insight and make improvements based on their feedback.
Researchers can create focus groups at random or by selecting certain types of individuals to represent customers.
2. A/B testing
Also known as split testing, A/B testing involves comparing two versions of the same product or advertising strategy to learn which is more effective for the target audience.
3. Small-scale product launch
Also known as a regional rollout, this type of market testing involves launching a product into a selected test market in a specific city or region to see how they react.
Researchers can then use the feedback they receive to improve a product or marketing plan before attempting a wider launch.
4. Eye track testing
Eye track testing can help researchers understand where a person is looking when viewing a website page or advertisement. This can help them learn which visual ad elements are getting the most attention so they can use them more often.
5. Incrementality testing
To perform incrementality testing, the advertiser creates a group of test subjects and a group of control subjects. They then showed the test subjects' ads and compared the conversion rates for the test group with the control group to learn about the effectiveness of the advertising campaigns.
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the risk-free rate is 6% and the expected rate of return on the market portfolio is 10%. calculate the required rate of return on a security with a beta of 1.24. note: do not round intermediate calculations. enter your answer as a percent rounded to 2 decimal places. if the security is expected to return 16%, is it overpriced or underpriced?
If the expected rate of return on the market portfolio is 10% and the risk-free rate is 6%, a security with a beta of 1.24 must return 10.96%.
The profit or loss on an investment over time is known as a rate of return. In other terms, the rate of return is the increase in value relative to the cost of the initial investment, usually given as a percentage. When market portfolio the ROR is positive, the investment is said to have made a profit, and when it is negative, it has suffered a loss.
the security's required return is equal to 6% plus 1.24*(10 - 6%) the security's required return is equal to 10.96%
If the expected return is 16%, the asset is underpriced.
The rate of return is used to calculate the overall profit or loss on an market portfolio investment. The RoR statistic can be used to a wide range of assets, including bonds, real estate, fine art, and stocks.
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thornton universal sales' cost of goods sold (cogs) average $2,000,000 per month, and it keeps inventory equal to 50% of its monthly cogs on hand at all times. using a 365-day year, what is its inventory conversion period? a. 14.4 days b. 16.7 days c. 13.0 days d. 15.2 days e. 11.7 days
The inventory conversion period will be 15.2 days
Cost of goods per month = $2,00,0000
Calculating the cost of goods for a year -
= 12 × 2000000 ( There are 12 months in a year)
= $24,00,0000
Since inventory is 50% of monthly COGS
Therefore,
Average inventory
= 50 % of 2,00,0000
= $10,00,000
Calculating COGD per day -
= 24,00,0000/365 ( There are 365 days in a year)
= 65753.42
Calculating inventory conversion period -
Average Inventory/COGS per day
= 10,00,000/65753.42
= 15.20
The inventory conversion period will be 15.2 days
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jerome corporation has fixed costs of $500,000 and a contribution margin ratio of 40%. currently, sales are $3,000,000. what is jerome's margin of safety?
Jerome corporation has fixed costs of $500,000 and a contribution margin ratio of 40%. jerome's margin of safety is
MS=$1,750,000
What are fixed costs?Generally, Fixed costs, also known as indirect costs or overhead expenses, are business expenses that are not dependent on the number of goods or services that are produced by the business. Fixed costs are discussed in accounting and economics.
Other names for fixed costs include indirect costs and overhead costs. They are often expected on a regular basis, such as the payment of rent or interest on a monthly basis. These expenses are also often classified as capital costs.
In conclusion,
Breakeven=Fixed expenses/Contribution margin
Where Breakeven is BE
BE=500,000/0.4
BE=$1250000
The Margin of safety is mathematically given as
MS=Total sales-Breakeven sales
Hence
MS=3,000,000-1250000
MS=$1,750,000
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suppose the adult population over the age of 16 is 237.8 million and the labor force is 153.9 million. what is the labor force participation rate? round your answer to the nearest tenth.
The labor force is divided into employed persons and unemployed persons, the number of unemployed persons is 153.9 - 139.1 = 14.8 million.the adult population has the 83.9/237.8 = 35.3% persons out of the labor force.
All individuals who meet the qualifications to be counted as employed (civil employment plus active duty in the armed forces) or jobless are considered to be part of the labor force, also known as the currently active population. The armed forces comprise individuals from the metropolitan area who were enlisted during the time under review and were selected from the pool of all available labor force. People who are unemployed are those who are not now employed but are actively looking for jobs. This indicator is measured in individuals and is seasonally adjusted. The pool of people who are either employed or unemployed is referred to as the workforce or labor force.
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Five manufacturing industries in Nigeria and two raw materials each
Answer:
Flour Mills of Nigeria
Unilever Nigeria -
PZ Cussons
DUFIL Prima Foods
Lafarge Cement
Explanation:
According to the coase theorem, which situation would most likely result in a private bargaining solution and yield an efficient market?.
According to the Coase theorem. When Externalities are present in a private bargaining and yield an efficient market.
What is Coase Theorem?A Coase Theorem describes the economic efficiency of a particular economic allocations, The Coase theorem is applicable under ideal economic conditions when there is a conflict in property rights. One of the important features of Coase theorem is that bargaining cost should be costless.
What are Externalities?An externality refers to a cost or benefit imposed on a third party which is not included in the final price. The two types of externalities are
Positive Externality: There are two types of positive externalities they are positive production externality and positive consumption externalityNegative Externality: There are two types of negative externalities are negative consumption externality and negative production externalityTo know more about Externalities, visit:
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According to the Coase theorem, the private market will need government intervention in order to reach an efficient outcome when externalities are present.
What is the Coase theorem?The Coase theorem describes the economic efficiency of a financial allocation or outcome in the presence of externalities in law and economics. According to the theory, if trade in an externality is available and transaction costs are sufficiently low, bargaining will result in a Pareto optimal solution regardless of the original allocation of property. In practice, negotiating impediments or poorly defined property rights might prohibit Coasean bargaining.
Externalities
Externalities are costs or benefits placed on a third party that is not included in the final price. Externalities are classified into two types:
Positive Externality: Positive externalities are classified into positive production externality and positive consumption externality.Negative Externality: Negative externalities are classified into two types: negative consumer externality and negative production externality.To learn more about the Coase theorem, click
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which of the following are outcomes associated with various types of organizational culture? multiple select question. stronger quality and innovation in hierarchy cultures higher financial performance in market and hierarchy cultures higher customer satisfaction in clan and market cultures higher market share in adhocracy cultures more positive organizational outcomes in market cultures higher market share in clan and market cultures
The appropriate behavior inside an organization is determined by its culture, hence the correct answers are- (b), (c), (d) and (e).
Outcomes associated with various types of organizational cultures are-
Higher financial performance in market and hierarchy culturesHigher customer satisfaction in clan and market culturesMore positive organizational outcomes in market culturesHigher market share in clan and market culturesAll team members' behavior is influenced and guided by the values, beliefs, and procedures that make up the organization's culture. Regard it as the assortment of features that characterize your corporation. While a disordered organizational culture brings forth traits that can hamper even the greatest successful corporations, a positive organizational culture displays desirable traits that encourage superior efficiency.
The complete question is here:
Which of the following are outcomes associated with various types of organizational culture? (Choose every correct answer.)
Multiple select question.
Higher financial performance in market and hierarchy culturesHigher customer satisfaction in clan and market culturesStronger quality and innovation in hierarchy culturesHigher market share in adhocracy culturesMore positive organizational outcomes in market culturesHigher market share in clan and market culturesLearn more about Organization's culture here:
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Answer: higher customer satisfaction in clan and market cultures
Higher market share in clan and market cultures
More positive organizational outcomes in market cultures
Explanation:
miranda and jason are in the tutoring business. miranda is willing to tutor as long as she gets $20, while jason will not tutor unless he gets $35. if the most that someone would pay for tutoring is $30, how much producer surplus is earned?
The producer surplus earned by Miranda will be $10, and Jason will earn $0.
Producer surplus is the total profit an individual producer makes when they produce and sell a specific quantity of a good at market value. The total revenue from sales of a producer's goods less the marginal cost of production is the producer surplus.
The profit a producer makes by selling at market value as opposed to the lowest price they would have been ready to accept is known as the producer's surplus.
Miranda offered to tutor for $20, but the market rate for tutoring was $30; as a result, Miranda's producer surplus is equal to $30 - $20, or $10. Jason, on the other hand, offered to tutor for more than the market rate, leaving him with a $0 producer surplus.
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beth owns a 20-pay life participating policy. she has decided that the dividends should be applied toward future premiums. which dividend option did she choose?
Dividend options include the Paid-Up Option and the Application to Reduce Premiums. Beth has a participating 20-Pay Life insurance policy. She has selected the Settlement Option, which ensures payments over a predetermined time period and applies dividends toward future premiums.
What alternative for settlement is more typical? A one-time payment. The simplest and most typical type of life insurance settlement is a lump sum payment.The method through which a beneficiary selects to receive death benefits payable on a life insurance policy is referred to as a settlement option. In general, a recipient has the option of receiving the proceeds in one lump payment or over time.Options for Life Insurance Settlements : The life insurance policy's beneficiaries may decide how they want to receive the death benefit if there is no predetermined settlement option available at the time of the insured's passing. Lump Sum: The entire death benefit will be paid to the beneficiary all at once.The Beneficiary Chooses a Payment Method : The beneficiary has the option of choosing a lump payment or one of the other accessible alternatives. The portion of the death benefit given to the assignee in cases where the policy is pledged as collateral for a bank loan is paid in one lump amount.To Learn more About Settlement Option refer to:
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which of the following statements about ratio analysis is true? a. ratio analysis determines the causes of variances between planned goals and actual results. b. as part of a loan agreement, creditors may require hospitality businesses to maintain specific ratio standards. c. managers, creditors, and investors have the same purposes in using ratio analysis. d. ratios are always expressed as percentages
Creditors may stipulate in the terms of a loan arrangement that hospitality enterprises must maintain particular ratio analysis.
By examining a company's financial documents, such as the balance sheet and income statement, ratio analysis is a quantitative technique for gaining ratio analysis insight into its liquidity, operational enterprises effectiveness, and profitability. A crucial component of fundamental equity analysis is ratio analysis.
Ratio analysis is a tool that analysts and investors use to assess a company's financial standing by carefully examining both its historical enterprises and current financial records. Comparative data can be used to predict ratio analysis expected future performance and show how a company is doing over time. This information can be used to compare a company's financial performance to sector averages and gauge how it compares to rivals in the same industry.
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Marilyn wants to use a non-price competitive marketing strategy to gain more customers. Which of the following might she use?
Answer:
promotion or higher prices
an independent business segment where the manager is expected to earn profits appropriate for their level of assets would be an example of which type of responsibility center?
This is an example of investment center.A business unit known as an investment center is one that a company uses to make money with its own resources.A typical illustration of an investment center is the financing division of a retailer or vehicle manufacturer.
What are examples of investment centers?A business unit known as an investment center is one that a company uses to make money with its own resources.A typical illustration of an investment center is the financing division of a retailer or vehicle manufacturer. Return on Investment (ROI), Residual Income (RI), and Extra Value Added (EVA) are three commonly used metrics to assess the effectiveness of investment centers (EVA). Offering guidance to governments and businesses on how to address their financial issues is the main objective of an investment bank.Finance, research, trading, sales, wealth management, asset management, IPOs, mergers, securitized products, hedging, and These are two significant and well-liked metrics for evaluating the success of investment centers.They are residual income and return on investment (ROI) (RI).The written-down value of the fixed assets or their gross value may be used to calculate net operating investment. other services are provided by investment banks to their clients. The manager of the investment division is liable for the assets' acquisition costs, revenues, and sales.The performance of the investment division is measured using a variety of methods, including return on investment (ROI), residual income (RI), and economic value added (EVA).To learn more about investment centers refer
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which of the following describe values of an organization? group of answer choices what is our product or service? who is our customer? what is our strategic purpose for operating? who are we? who will we become? what do we stand for and believe in? what standards can be used to evaluate us and judge us?
Who are we? Who will we become? describe values of an organization.
An organization or agency, is an entity—along with a agency, an group, or an association—comprising one or greater humans and having a specific motive. The word is derived from the Greek phrase organon, which means device or device, musical device, and organ.
An employer is an official group of people, as an instance a political birthday celebration, a commercial enterprise, a charity, or a membership. most of these specialised colleges are supplied by using voluntary corporations. ... a file via the international Labour employer. Synonyms: group, agency, party, body extra Synonyms of company.
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sarah purchases land to be used for a new storage facility. which of the following items are capitalized in the cost of land? (select all that apply.) multiple select question. legal fees to secure title current year's property taxes costs to remove an old building real estate agent commissions
Sarah purchases property for a new storage facility. Real estate agent commissions, demolition costs, and legal fees to secure title items are all capitalized in the cost of land.
What is demolition costs?The cost incurred to demolish all or part of the Property, including the cost of clearing the site, if any law or ordinance in effect at the time of loss requires such demolition. A building's demolition cost is usually proportional to its square footage. The national average for commercial demolition is typically $4 to $8 per square foot, so multiplying the square footage by a dollar amount in that range will give you an idea of the costs associated with demolition. While demolition costs are not deductible, a taxpayer may claim a loss deduction if depreciable business property is retired from use in a trade or business or from use in income production.To learn more about demolition costs, refer to:
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reba and sly enter into a contract by which reba promises to deliver newly printed marketing brochures to sly. reba later transfers her duty under the contract to troy. reba is
Delegator and a obligator. Transferring accountability for particular tasks from one person to another is referred to as delegation
What is delegation?
Giving someone else the power to carry out certain tasks is known as delegation. One of the fundamental ideas of management leadership is the process of allocating and entrusting tasks to another individual.
someone who delegated (= gave) some of their responsibilities to someone else to handle on their behalf: I've improved as a delegator as I try to reduce my 60-hour workweek. He appears to be more of a delegator and figurehead as president.
Transferring accountability for particular tasks from one person to another is referred to as delegation. From a managerial standpoint, delegation happens when a manager gives their staff members particular tasks to do.
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In an open economy, what is the source of supply of dollars in the foreign-currency exchange market?.
In an open economy, the net capital outflow is the supply of dollars in the foreign-currency exchange market.
What is an open economy?
An open economy is a form of economy in which organizations from other countries trade in goods in addition to domestically produced goods (goods and services). The exchange of management, the transfer of technology and the exchange of a wide variety of goods and services are all examples of trade.
What is foreign exchange market?
The transfer of money or foreign currency from one country to another to settle accounts is the basic and most obvious function of the foreign exchange market. In essence, the market is turning one currency into another.
The supply of dollars exchangeable in foreign currencies arises from the net outflow of capital. Since the net capital outflow does not depend on the real exchange rate, the supply curve is vertical.
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which elasticity of demand measures how the quality demanded of one good responds to a change in price of another good? income elasticity of demand compared elasticity of demand revenue elasticity of demand cross-price elasticity of demand g
The cross elasticity of demand measures how the quality demanded of one good responds to a change in price of another good.
Cross elasticity of demand or cross-fee elasticity of call for measures the share exchange of the quantity demanded for a great to the proportion alternate inside the price of every other accurate, ceteris paribus.
Cross elasticity of demand for refers to the share alternate in the amount demanded of a given product due to the proportion alternate in the price of another "related" product. instance: the pass elasticity of demand of butter with recognize to margarine is zero.eighty one, so 1% growth inside the fee of margarine will growth the call for for butter by means of zero.81%. implies items are enhances. clients buy much less B when the charge of A will increase.
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selena, a surgeon, purchases a disability policy with a base benefit of $5,000 per month and an sis offset benefit of $1,500. selena is now disabled and receives a $1,000 in social security disability benefits. how much will selena receive from the insurance company initially
If selena, a surgeon, purchases a disability policy with a base benefit of $5,000 per month and selena is now disabled and receives a $1,000 in social security disability benefits. The amount she will receive from the insurance company initially is $5,500.
What is disability insurance?Disability insurance can be defined as type of insurance policy that help to cover a person in case of unforeseen or unexpected event happen to the person that led to the person to be disabled.
Now let determine the amount of money she will received from the insurance company using this formula
Amount to received = Cost of disability policy + ( Offset benefit - Socail security disability benefits)
Let plug in the formula
Amount received = $5,000 + ( $1,500 - $1,000)
Amount received = $5,000 + $500
Amount received = $5,500
Therefore we can conclude that she will receive the amount of $5,500 form the insurance company.
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a building was purchased for $69,500. the asset has an expected useful life of eight years and depreciation expense each year is $6,000 using the straight-line method. what is the residual value of the building?
The residual value of the building is $21,500.
What is residual value?Residual value, also called residual value, is the estimated value of an item of property, plant, and equipment at the end of the lease term or useful life. In a leasing situation, the lessor uses residual value as one of the primary ways to determine how much the lessee will pay in regular lease payments.The salvage value of the car is the value of the car at the end of the lease term. Salvage value is also how much you can buy the car at the end of the term. When you sign a car lease, we provide a residual percentage so that you can calculate the value of your car at the end of the leaseResidual value is the estimated value of an asset after it has been fully depreciated. Generally, the lease term or useful life of an asset is inversely proportional to its residual value.To learn more about residual value from the given link :
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question content area during periods of decreasing costs, the use of the lifo method of costing inventory will result in a lower amount of net income than would result from the use of the fifo method. true false
The fifo approach would produce more net income at times of declining expenses, while the lifo method would produce less net income during the same times. So the correct response is true.
Write an account on lifo method of costing inventory.Utilizing the lifo method of costing inventories will produce less net income than doing so using the fifo approach during periods of declining costs.
When the expenses of making a product or acquiring inventory have been rising, the COGS (Cost of Goods Sold) computation uses the LIFO approach. Inflation may be to blame.
Although a company's profits may decline as a result of using the LIFO accounting system, it may also result in a reduction in the amount of corporate tax due. These savings could be substantial for a corporation if the cost rises persist for a while.
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The push model is also called ________ which means the production process begins with a ________ that is simply an educated guess as to anticipated customer demand.
The push model is also called make to stock which means the production process begins with a forecast that is simply an educated guess as to anticipated customer demand.
What exactly is customer demand?
Consumer demand is defined as the willingness and ability of consumers to purchase a variety of goods and services in a fixed length of time or at a specific point in time. Effective demand is not simply a desire to buy something; it must be preceded by ability to pay. To put it simply, purchasing power is required to turn desire into effective demand. Purchasing power is determined by specific customer revenue (or disposable savings) in relation to the current price level. Consumer sovereign power is the fundamental principle of free market theory, with private consumption acting as the dominant market force. If there were no demand, there would be no sales, revenue, or profit.
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explain why market power leads to deadweight loss. part 2 firms with market power create deadweight loss because they part 3 a. charge a price that is equal to marginal cost to maximize economic surplus. b. produce more than a perfectly competitive industry would to maximize profits. c. charge a price that is less than marginal cost to maximize profits. d. charge a price that is greater than marginal cost to maximize profits. e. produce where marginal revenue is greater than marginal cost to maximize profits.
The correct answer is option A that is Charge a price that is greater than marginal cost to maximize profits.
Marginal Cost may be defined as the cost that is referred to the increase in the cost of production that is generated from the additional production of certain units. It is also known as the Marginal Cost of production. The formula for the Marginal cost is ratio of change in cost and change in quantity. We know that the more is the market power of a company, the more it will tend to act like a monopoly. For example, Apple is not considered a monopoly not because it is the only smartphone manufacturing company in the world, but because its market power in the smartphone manufacturing is so large that it dominates the industry.
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managers must conduct a review of the company's internal control system and issue a report of their effectiveness. this was enacted as part of sox in an attempt to .
To Reduce the opportunity for error and fraud.
Reduce the likelihood of error and fraud, combat the incentives for fraud, and emphasize the value of managers and employees' moral character.
What is the Sarbanes-Oxley Act and what does it do?Federal legislation known as the Sarbanes-Oxley Act of 2002 established stringent financial and auditing standards for publicly traded companies. To help shield shareholders, employees, and the general public from accounting mistakes and dishonest financial practices, legislators created the legislation.The law imposes stringent reforms to enhance corporate financial disclosures and stop accounting fraud. Additionally, it addresses topics like improved financial disclosure, corporate governance, internal control evaluation, and auditor independence.To learn more about : Sarbanes-Oxley Act
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Which text style makes the text look slanted?
A.
Bold
B.
Capitalization
C.
Footer
D.
Italic
Answer:
italic
Explanation:
because you can just tell it does lol
Answer:
Explanation:
Comment
Italic is the name given to fonts that are on about a 15 degree slant with the vertical. It looks like this when it is printed out.
if a firm has a debt to asset ratio of 0.6, and total assets of $100, what is the value of the firm's liabilities? (do not include $ sign) selected answer: 60 correct answer: 60 answer range /- 0 (60 - 60 )
The debt/asset ratio, or total liabilities divided by total assets, shows how much of a company's assets are financed by debt.
The majority of the company's assets are financed by equity if the ratio is less than 0.5.The majority of the company's assets are financed by debt if the ratio is greater than 0.5.
What does it imply to have a debt-to-asset ratio of 0.6?
A debt ratio of 0.4 or lower is considered better from a pure risk perspective, whereas a debt ratio of 0.6 or higher makes it more difficult to borrow money. A company with too little debt carries risk, even though a low debt ratio indicates greater creditworthiness.
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why do consumers make a choice by looking at both the marginal utility (mu) and the price for a product (mu/p) rather than just the price or just the marginal utility?
Consumers always try to equate marginal utility of a good to its price which is a marginal cost of consumption.
What is marginal utility and why consumers make a choice by looking at both mu and price?So economically a utility is a kind of benefit that a consumer gets by buying a product of choice.Now marginal utility is the benefit one gets by buying an additional unit of consumption except the first product bought.Here the question is asked about the consumer taking notice of both marginal utility and price while buying goods.Hence consumers watch for the marginal utility and price of the good both to equate the marginal utility to its price which is a marginal cost of consumption.To know more about marginal utility visit:
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you would like to contribute to a savings account over the next three years in order to accumulate enough money to take a trip to europe. assume an interest rate of 4%, compounded quarterly. how much will accumulate in three years by depositing $500 at the end of each of the next 12 quarters?
The amount after three years will be equal to $7513.
Compound Interest is the interest which is charged on an entity by any institution in which the amount received after one year becomes the principal amount for next year. We know that
Future amount = quarterly contribution x annuity factor
Now, the quarterly contribution is equal to $500, the total quarterly contributions is 3 x 4 = 12 periods, the interest rate is 4% compounded quarterly and the annuity factor is 4%, 12 periods = 15.026
Now, Future value = quarterly contribution x annuity factor
Future value = $500×15.026
Future value = $7513 which is the required amount.
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the salary paid to the assembly line supervisor would normally be classified as: multiple choice a period cost. direct labor. a prime cost. a general and administrative expense. indirect labor.
The salary paid to the supervisor of an assembly line would normally be classified as indirect labor.
What is indirect labor ?
Employees who undertake duties that improve the functioning of the business without directly generating goods or services are referred to as performing "indirect labour." They are employed in departments including the administrative, accounting, and engineering ones.
What is an example of indirect labor?
For instance, the maintenance workers and the receptionist who assist the hair stylists at a salon in providing haircuts and other services are considered indirect labor whereas the former are called direct labor.
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the maybe pay life insurance co. is trying to sell you an investment policy that will pay you and your heirs $40,000 per year forever. suppose a sales associate told you the policy costs $485,000. at what interest rate would this be a fair deal?
The maybe pay life insurance co. is trying to sell you an investment policy that will pay you and your heirs $40,000 per year forever. At 8.25% interest rate would this be a fair deal.
Interest rate (In case of Perpetuity)
Interest rate = [Annual payment / Total policy costs] x 100
= [$40,000 / $485,000] x 100
= 8.25% (Rounded to 2 decimal)
“Hence, the Interest rate will be 8.25%
life insurance is a agreement among an coverage coverage holder and an insurer or assurer, where the insurer promises to pay a chosen beneficiary a amount of money upon the demise of an insured man or woman. depending at the agreement, other occasions including terminal illness or essential infection also can trigger price.
Existence insurance is a contract among you and an coverage organisation . essentially, in trade in your top class payments, the insurance corporation can pay a lump sum referred to as a demise advantage to your beneficiaries after your death. Your beneficiaries can use the cash for some thing purpose they choose.
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there are two charts presented in the screenshot below. the top chart was produced from the data range a1:e7, and the bottom chart is from data range a1:e4. column a is the name of a series of fishing boats, and columns b through e show their revenue generation by quarter. why did excel change the format of the chart?
The lower chart has more quarters than boats.
The names of several fishing boats are listed in Column A, and
Their revenue generation is displayed in columns B through E by quarter.
What is charts?
A chart manages to combine text, symbols, and/or graphics to illustrate how various data sets relate to one another. They are a widely used technique for information sharing in various contexts. For example, a bar diagram could display the evolution of ice cream sales of a specific flavour over the previous five years. Each bar's length would represent that year's sales. Most presentations include charts, frequently more than one. There's a reason for this: charts make it possible for businesspeople to act more swiftly and decisively because they can rapidly convey a lot of information and aid viewers in remembering the data presented.
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