Answer:
If you invest $1,600 at the end of every year for four years at an interest rate of 14%, the balance of your investment in 4 years will be closest to:____________
$7,873.83
Explanation:
a) Data:
Annual investment = $1,600
Interest rate = 14%
Number of period = 4 years
b) Calculations, using an online finance calculator:
FV (Future Value) $7,873.83
PV (Present Value) $4,661.94
N (Number of Periods) 4.000
I/Y (Interest Rate) 14.000%
PMT (Periodic Payment) $1,600.00
Starting Investment $0.00
Total Principal $6,400.00
Total Interest $1,473.83
c) The investment of $1,600 at the end of every year for fours will grow to $7,873.83 with the principal amount of $6,400 ($1,600 * 4) plus compounded interest of $1,473.83.
$28.22
$31.04
$28.15
$29.63
Answer:
What Baldwin pays to its employees per hour is $29.63
Explanation:
Consider the following calculations to find the Baldwin pays to its employees.
Total raise = 5% + 0.25% = 5.25%
Present wages = $28.15
Baldwin will pay = $28.15* (1.0525) = $29.63
Baldwin will pay its employees $x + 0.0025x + annual raise per hour if productivity goals are reached which is $29.63
To calculate how much Baldwin will pay its employees per hour, we need to consider the additional performance bonus of 0.25% and the annual raise. Let's assume the current hourly rate is $x. The additional performance bonus can be calculated by multiplying 0.25% by the hourly rate, which is 0.0025x. The total amount per hour will then be the sum of the hourly rate, the additional performance bonus, and the annual raise.
Therefore, Baldwin will pay its employees $x + 0.0025x + annual raise per hour if productivity goals are reached. Thus, it can be calculated as -
Total raise = 5% + 0.25% = 5.25%
Present wages = $28.15
Baldwin will pay = $28.15* (1.0525)
= $29.63
#SPJ3
Favorable temporary differences
Unfavorable temporary differences
Favorable permanent differences
Taxable income
Tax rate%
Answer:
The company’s current income tax expense or benefit is $350,880.
Explanation:
Pre-tax book income $ 1417500
Favorable temporary differences -$300000
Unfavorable temporary differences $106500
Favorable permanent differences -$192000
Taxable income $1032000
Current income tax expense ($1032000 x 34%) $350880
Therefore, The company’s current income tax expense or benefit is $350,880.
Answer:
Option (c) is correct.
Explanation:
Given that,
Beginning inventory = $90,000;
Ending inventory = $70,000;
Cost of goods sold = $968,000
Sales = $1,360,000
Average inventor:
= (Beginning inventory + Ending inventory) ÷ 2
= ($90,000 + $70,000) ÷ 2
= $160,000 ÷ 2
= $80,000
Inventory turnover is the ratio of cost of goods sold and average inventory.
Paul’s inventory turnover in 2020:
= Cost of goods sold ÷ Average Inventory
= $968,000 ÷ $80,000
= 12.1 times
Days in inventory:
= 365 days ÷ Inventory turnover ratio
= 365 days ÷ 12.1
= 30.16 or 30.2 days
Answer:
The amount that should be in its savings account is $40,554.48.
Explanation:
To calculate this, formula for calculating the present value of an ordinary annuity is employed as follows:
PV = P * [{1 - [1 / (1 + r)]^n} / r] …………………………………. (1)
Where;
PV = Present value of or amount in the saving =?
P = yearly scholarship payment = $5,000
r = interest rate = 4%, 0.04
n = number of years = 10
Substitute the values into equation (1) to have:
PV = $5,000 * [{1 - [1 / (1 + 0.04)]^10} / 0.04]
PV = $5,000 * [{1 - [1 / 1.04]^10} / 0.04]
PV = $5,000 * [{1 - 0.961538461538461^10} / 0.04]
PV = $5,000 * [{1 - 0.675564168825795} / 0.04]
PV = $5,000 * [0.324435831174205 / 0.04]
PV = $5,000 * 8.11089577935512
PV = $40,554.48
Therefore, the amount that should be in its savings account is $40,554.48.
The present value of an annuity formula can be used to determine the amount needed in the savings account.
To determine how much should be in its savings account to fund one $5,000 scholarship each year for the next 10 years, we can use the formula for the present value of an annuity. The formula is:
PV = PMT * ((1 - (1 + r)^(-n)) / r)
Where PV is the present value, PMT is the payment amount, r is the interest rate, and n is the number of periods. In this case, the payment amount is $5,000, the interest rate is 4% (or 0.04), and the number of periods is 10. Plugging these values into the formula, we get:
PV = $5,000 * ((1 - (1 + 0.04)^(-10)) / 0.04) = $42,179.84
Therefore, North Carolina State University's Irwin College of Engineering should have $42,179.84 in its savings account to fund one $5,000 scholarship each year for the next 10 years.
#SPJ11
Alejandro is probably applying the quantitative viewpoint.
The quantitative viewpoint is the one that lay emphasis on efficiency. This viewpoint means that the questions we form can be best answered with some analytical thinking.
There are different types of managers, however, quantitative viewpoint assumes workers are rational hence focuses on efficiency of workers.
Hence, Alejandro is probably applying the quantitativeviewpoint, which is the type of manager who completely focuses on efficiency, and assumes workers are rational.
Learn more about types of manager here : brainly.com/question/25644417
Alejandro is likely applying the Taylorism viewpoint in management, which focuses on work efficiency and views workers as rational beings. This theory, developed by Fredrick Taylor, is also known as scientific management and encourages task standardization to improve productivity.
Alejandro, who focuses on efficiency and assumes workers are rational, is likely applying the Taylorism viewpoint. This management theory, developed by Fredrick Taylor, is also known as scientific management or "stop-watch management."
Taylorism emphasizes the standardization of work tasks to improve efficiency, often at the loss of human interaction and collaborative work environments. Taylor's system sought to improve factory efficiency by reducing tasks to short, repetitive actions.
Therefore, managers who completely focus on efficiency, as Alejandro does, typically follow Taylor's principles of scientific management. This management style views workers as rational beings who are fundamentally driven by the need for efficiency and productivity in their roles.
#SPJ3
Suppose that Spain and Germany consider trading shoes and jeans with each other. Spain can gain from specialization and trade as long as it receives more than ------ of jeans for each pair of shoes it exports to Germany. Similarly, Germany can gain from trade as long as it receives more than--------- of shoes for each pair of jeans it exports to Spain.
Based on your answer to the last question, which of the following prices of trade (that is, price of shoes in terms of jeans) would allow both Germany and Spain to gain from trade?
4 pairs of jeans per pair of shoes, 1 pair of jeans per pair of shoes, 6 pairs of jeans per pair of shoes, 2 pairs of jeans per pair of shoes
Answer:
By comparing the opportunity cost of producing shoes in the two countries, you can tell that SPAIN has a comparative advantage in the production of shoes and GERMANY has a comparative advantage in the production of jeans.
Suppose that Spain and Germany consider trading shoes and jeans with each other. Spain can gain from specialization and trade as long as it receives more than 3 PAIRS of jeans for each pair of shoes it exports to Germany. Similarly, Germany can gain from trade as long as it receives more than ¹/₁₁ PAIR of shoes for each pair of jeans it exports to Spain.
Based on your answer to the last question, which of the following prices of trade (that is, price of shoes in terms of jeans) would allow both Germany and Spain to gain from trade?
Explanation:
Opportunity costs refer to the extra costs or benefits lost resulting from choosing one investment or activity over another alternative. In this case, if Spain specializes in the production of shoes, it will not produce jeans anymore. The opposite would happen to Germany.