The value of this investment opportunity to you today is $9730.42.
What is the value of the investment today?The first step is to determine the future value of the investment. The formula that can be used to determine the future value is:
Amount x annuity factor
Annuity factor = {[(1+r)^n] - 1} / r
Where:
r = interest rate = 6% /12 = 0.5%n = number of years = 101000 x {[1.005^10] - 1 / 0.005 = 10,228.03
Now determine the present value
10,228.03 / (1.005^10) = $9730.42
To learn more about present value, please check: https://brainly.com/question/26537392
Using LIFO, the cost of goods sold for the sale of 23 units on August 30 is ____ and the inventory balance at August 30 is _____.
LIFO is an inventory method where the costs for the most recent goods bought are the first to be expensed.
What is LIFO?Your information is incomplete. Therefore, an overview will be given. LIFO simply means last in, first out.
LIFO is simply a method that is used to account for inventory. Under LIFO, it should be noted that the costs for the most recent goods bought are the first to be expensed.
Learn more about LIFO on:
https://brainly.com/question/16315070
What is the purpose of a 1098 tax form?
Answer: This form is used to report mortgage interest paid for the year. Also, lenders are required to issue Form 1098 when a homeowner has paid $600 or more in mortgage interest during the tax year.
Hope this helps!
Answer:
Form 1098 is used to report mortgage interest paid for the year. Lenders are required to issue Form 1098 when a homeowner has paid $600 or more in mortgage interest during the tax year. To deduct mortgage interest, you must be the primary borrower on the loan, and be actively making payments.
Explanation:
what is the frist step a whistlblower should take before choosing to report on a company misdeeds
On January 2, 2021, Hernandez, Inc. signed a ten-year noncancelable lease for a heavy duty drill press. The lease stipulated annual payments of $300,000 starting at the beginning of the first year, with title passing to Hernandez at the expiration of the lease. Hernandez treated this transaction as a finance lease. The drill press has an estimated useful life of 15 years, with no salvage value. Hernandez uses straight-line depreciation for all of its plant assets. Aggregate lease payments were determined to have a present value of $1,800,000, based on implicit interest of 10%. In its 2021 income statement, what amount of interest expense should Hernandez report from this lease transaction
The amount of interest expense should Hernandez report from this lease transaction is $150,000.
Interest expenseDepreciation expenses=Present value-Scrap value/Estimated useful life
Depreciation expenses=$1,800,000-$0/15
Depreciation expenses=$120,000
Interest expenses
Interest expenses=Depreciation expenses+(Annual payments×Implicit interest)
Interest expenses=$120,000+($300,000×10%)
Interest expenses=$120,000+$30,000
Interest expenses=$150,000
Inconclusion the amount of interest expense should Hernandez report from this lease transaction is $150,000.
Learn more about interest expense here:https://brainly.com/question/2151013
Because of Sarbanes-Oxley, publicly traded companies must develop _____ to assist in maintaining transparency in financial reporting.
a. accountants
b. legal counsel
c. ethics officers
d. ethics programs
e. codes of ethics
a. accountants
that's the answer, hope it helps
Why might someone want to file a tax return even if they dont meet the minimum income requirement
A taxpayer might want to file a tax return because they want to ensure they pay necessary tax as when due.
What is a filing of tax return?A tax return basically means the forms filed with the tax authority by a taxpayer that entails his/her income, expenses, tax information etc.
The filing of tax return allow the taxpayers to:
calculate their tax liabilityschedule tax paymentsrequest refunds etcHowever, a taxpayer might want to file a tax return even if they dont meet the minimum income requirement because they want to ensure they pay necessary tax as when due.
Read more about tax return
brainly.com/question/25783927
Not managing your debt wisely can result in ________.
Answer:
A decrease in your credit score.
Explanation:
brainliest please!!
True or False: Some financial professionals prefer as-reported data, because they like to apply their own standardization techniques.
Answer:
That is true as far as I can tell
Explanation:
As Reported Data is published at a daily frequency (regardless of the frequency of the underlying indicator) allowing correlations to be made easily between macroeconomic indicators and daily financial series
how can community participation benefits south african ?
Answer:
Participa- tory or community-driven development is advocated on the basis that, among other advantages, it can reduce information problems for development planners and beneficiaries, increase the resources available to poor people
Conroy Company uses the allowance method to account for bad debts. During the year, Conroy determined that a balance of $200 from Alegia Co. was uncollectible and wrote the balance off. What is the total decrease to net income related to this entry
Because the balance of $200 from Alegia Co. was uncollectible and wrote off, then, the total decrease to net income related to this entry will be $0
What are Uncollectible debt?
An uncollectible debt also called an accounts uncollectible refers tp receivables, loans or debts that have no chance of being paid.
In conclusion, the total decrease to net income related to this entry will be $0 as the balance of $200 from Alegia Co. was uncollectible and wrote off.
Read more about uncollectible debt
brainly.com/question/24871617
Your company is introducing a new line of activewear for teenagers and invites the members of the high school track team to a private showing of the line. This group consists of __________ for activewear clothing.
It can be deduced that the group consists of opinion leaders for activewear clothing.
What are opinion leaders?It should be noted that opinion leaders are the individuals that are experts within a particular industry.
In this case, the company invites the members of the high school track team to a private showing of the line and this group consists of the opinion leaders.
Learn more about leaders on:
https://brainly.com/question/25927714
The three primary reasons startups need funding are _____.
A. cash flow challenges, capital investments, and lengthy product development cycles
B. business research, cash flow challenges, and costs associated with building a brand
C. bonuses for members of the new venture team, attorney fees, and lengthy product development cycles
D. attorney fees, capital investments, and marketing research
E. bonuses for members of the new venture team, marketing research, and personnel costs
The three key reasons startups require funding are attorney fees, capital investments, and marketing research.
What is a Start-up?A startup is a company that is still in its initial stage of operation. The initial stages of operation require significant investment in attorney fees, Capital investment, and marketing research.
In most cases, a startup is created by one or more entrepreneurs who have a vision or a goal to solve a business problem.
Learn more about Start-ups at:
https://brainly.com/question/25881160
According to _____, those who dominate the world economy penetrate the economies of low-income countries because workers depend on external markets for jobs.
Answer:
world-systems theory
Explanation:
world-systems theory is a multidisciplinary approach to world history and social change.
Answer:
world-systems Explanation<3:
world-systems theory is a multidisciplinary approach to world history and social change.<333
Daniel is writing a letter to the editor of the local newspaper. He is encouraging citizens to join him in expressing his like of city funds supporting a local nonprofit organization. Daniel is ______. lobbying controlling advocating advertising
Daniel is B. advocating by writing a letter to the editor of the local newspaper, encouraging citizens to express their like of city funds for the support of a local nonprofit organization.
What is advocating?Advocating is a public recommendation. It is different from lobbying, controlling, or advertising.
Thus, since Daniel is using his letter to the editor of the local newspaper to encourage other citizens to support his views, he is engaged in advocacy.
Learn more about advocacy at https://brainly.com/question/7589992
Self-motivation is a very important quality that employers look for. Being ready to complete assigned tasks without having to be told and working hard are factors in a successful career. Explain why being careful to pick our career path can help us maintain motivation when we enter the work force.
Answer: Thanks i needed that
Explanation:
Credit bureaus report credit information in order to:
A. educate the public about interest rates.
B. help lenders make informed decisions.
C. help borrowers choose a lender.
D. help borrowers find easy credit.
SUBMIT
Answer:
A. educate the public about interest rates.
Answer: b. help lenders make informed decisions.
Explanation:
i took the quiz.
A large city zoo provides jobs for over 370 full-time employees and about 600 seasonal workers. The zoo consists of traditional functional units, which include management, marketing, and finance, as well as veterinarians who specialize in caring for the various animals living in the zoo. Although the zoo operates with a CEO, COO, CFO, and a director of marketing, it relies on the veterinarians to make decisions on the appropriate care and environment for the animals. Sometimes the veterinary decisions override marketing and financial concerns even though they operate at a lower level in the organization structure. The zoo operates as a(n) _________ organization.
The zoo above operates as a(n) inverted organization.
What is inverted pyramid organization?The inverted structure is known to be a kind of placing where the most vita information is placed in the lead paragraph of the event, and then there is a kind of arranging of the other or remaining details, from most most important to least important.
In an inverted organization, the aim of management is so as to aid and support their first-line employees, and not to order or boss them around as with the Zoo structure.
Learn more about inverted organization from
https://brainly.com/question/8604933
Suppose the demand for books goes down when the price of video games goes down. We can say that these two goods are
Answer:
jointly demand because with the absence one the other can not be used
an individual who scores high on holland's _____ dimension enjoys working with people in order to persuade, lead, or manage them to reach organizational goals.
It should be noted that scoring high on holland's model influence how people lead and manage things.
What is holland's model?The holland's model explain how people lead and manage things around them, it explains that been a leader is inbuilt.
Therefore, individual who scores high on holland's model dimension enjoys working with people.
Learn more about holland's model at:
https://brainly.com/question/25870256
The Marketing Plan identifies all but which of the following:A.necessary market shareB.qualityC.flexibilityD.resourcesE.targeted market segments
What are two key takeaways from using auto-drafting to pay your bills?.
The two key takeaways from using auto-drafting to pay your bills are:
Payment is faster.There is less hassle making payments for multiple bills.What is Auto Drafting?This refers to setting up of periodic payments for a particular set of bills which deducts an amount from a checking account.
Some of the advantages of making use of auto-drafting to pay your bills includes:
Easier automatic payment.Ability to avoid late payments.No need to set reminders, etcRead more about auto drafting here:
https://brainly.com/question/24579126
An example of a cost is _____.
revenues
principal and interest on loans
tornadoes
profits
Under the optional method for calculating a single-family dwelling service, general loads beyond the initial 10 kVA are assessed at a _____ percent demand factor.
Under the optional method for calculating a single-family dwelling service, general loads beyond the initial 10 kVA are assessed at a 40 percent demand factor.
What is the Demand Factor?In physics, the demand factor is, the ratio of maximum demand of a system in relation to the total connected load that is placed on that system.
The unit for demand factor is always less than 1.
Learn more about demand factors at:
https://brainly.com/question/24723699
A fixed interest rates is generally a better option than a variable rate in which
situation?
A. A business owner is seeking a short-term loan to cover emergency
expenses and expects to pay it off quickly.
B. A married couple is seeking a 30-year mortgage for a house that they plan to live in for a long time.
C. A contractor is seeking a mortgage on a home that he plans to "flip," or renovate to sell, within 18 months.
D. A student is seeking a credit card to use for daily expenses and plans to pay off the balance each month.
A fixed interest rates is generally a better option than a variable rate in situation of A. A business owner is seeking a short-term loan to cover emergency expenses and expects to pay it off quickly.
What is fixed interest rates?A fixed interest rate can be described as the unchanging rate that is been charged with respect to the liability.
It should be noted that this can be on the loan or mortgage and the charges is been made by the financial institution or the lender at large, and this can be seen to be apply during the entire term of the loan which is been agreed between the lender and the person that took the loan, hence in the case of A business owner is seeking a short-term loan to cover emergency expenses and expects to pay it off quickly is correct.
Therefore option A is correct.
Learn more about simple interest at:
https://brainly.com/question/20690803
#SPJ1
Answer:
B. A married couple is seeking a 30-year mortgage for a house that they plan to live in for a long time.
Explanation:
I originally got the wrong answer (I thought it was A), but it was actually B.
Tom is exchanging money for his trip to India. The exchange rate of US dollars to Indian rupees is 1:45.897. Tom needs 11,550 rupees. The currency exchange service he is using charges a fee of 7.25% after the exchange is made. How many US dollars will it cost Tom to get the rupees he wants?
Answer:
D. $270
Explanation:
$271 cost to Tom to get the rupees, tom wants in exchange of the money for the trip to India as exchange rate of US dollars to Indian rupees is 1:45.897.
What is exchange rate?The value of currency or the money used in one country and the money which is used in other country , the difference amount is called exchange rate.
When countries use gold or another agreed-upon standard, the exchange rate is "fixed," and each currency is worth a specific amount of the metal or other standard.
When supply and demand or speculation determine the value of an exchange rate, it is said to be "floating."
Thus, $271 costs tom to get the rupees.
For further details about exchange rate click here:
https://brainly.com/question/27275614
Which inventory costing method uses the oldest cost for cost of goods sold on the income statement and the newest cost for inventory on the balance sheet?.
Answer:
the method used for the oldest cost is FIFO (first in first out)
True or False: A debate is a discussion between two people who have opposing views.
Answer:
True
Explanation:
Answer:
true
Explanation:
cuz the person is having opposite views
Francesca Brown has a life insurance policy that provides her with protection for the next five years. However, she can get five more years of protection at the end of this term without having to have a medical examination because she will be less than 70 years old at that time. Her premiums will rise during each five-year period. What type of term life insurance does Francesca likely have
Answer:
RENEWABLE TERM INSURANCE
Explanation:
Which sentence best completes the diagram?
A. Investors are more likely to purchase bonds.
B. Investors are less likely to purchase bonds.
C. Banks are less likely to lend money.
D. Banks are more likely to lend money.
When a central bank raises interest rates on reserves, C. Banks are less likely to lend money.
What are the effects of increased interest rates on reserves?Increased interest rates affect reserves by discouraging banks from lending.
When interest rates increase, they cause:
A decrease in inflationGoods and services become more expensiveBorrowing money becomes more costly.Thus, when a central bank raises interest rates on reserves, C. Banks are less likely to lend money.
Learn more about interest rates on reserves at https://brainly.com/question/27962333
#SPJ1
Banner enters into a contract with Sylvia to buy her house for $150,000. Sylvia decides later not to sell because she is so emotionally attached to the house. Banner insists that he is entitled to the house. Banner can successfully sue for specific performance.
a. True
b. False