Based on the number of years that Jamie Lee wants to take the loan and the monthly payment, the maximum she is willing to pay is $17,100.
How much is the maximum that Jamie Lee wants to pay?This can be found as:
= Maximum monthly payment x Number of months to pay
Solving gives:
= 285 x 5 years x 12 months a year
= 285 x 60 months
= $17,100
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Christopher just received his checking account statement from his bank. He has a NOW account with free checking that pays 0.75% APR on the balance and requires a $500 minimum balance. His statement shows that he currently has a balance of $3,950. In looking at his statement he notices that his car payment check for $400 is still outstanding, and that his recently received payroll deposit of $3,600 had not posted at the time the statement was created. His normal living expenses average $1,500 per month including his car payment. Other than his car loan, he rarely writes any checks as he prefers to use his debit card and ATM card for day-to-day living expenses. He pays his credit card balance in full every month. Other than his checking account he does not own any investments. He has always dreamed of owning a house, and would like to buy one within the next five years. He has access to a 401(k) pension plan at work where his employer will match contributions up to 6% of his salary. He currently contributes 2% of his salary to this plan. Christopher has not received an Income Tax refund in 4 years. Is there anything you could recommend to him
Yes, I would recommend that Christopher should increase his 401(k) contributions to 6% of his salary.
What is 401(k)?A 401(k) refers to a type of savings plan that is sponsored by a business firm (employer), so as to avail its employees an opportunity to contribute a certain amount of money into.
In this scenario, I would recommend that Christopher should increase his 401(k) contributions to 6% of his salary because it would reduce his income tax for the next five years while taxing only his withdrawals.
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You buy one Home Depot June 60 call contract and one June 60 put contract. The call premium is $5 and the put premium is $3. At expiration, you break even if the stock price is equal to A) $52. B) $60. C) $68. D) either $52 or $68. E) None of the options are correct.
At expiration, you break even if the stock price is equal to E. None of the options are correct.
How to illustrate the break even?The call price option will be:
= -$60 + $3 + $5
= $68
The put price option will be:
= -$3 + $60 - $5
= $52
Therefore, at expiration, you break even if the stock price increases above $68 or below $52.
In conclusion, the correct option is E.
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because research is blank______, it is important to figure out beforehand exactly what problem needs to be solved.
Expensive and time consuming, it is important to figure out beforehand exactly what problem needs to be solved.
Research expense must be budgeted before it is incurred so that the cost is available to be borne by the company.
What is research?Research is expense carried by the company to develop a new product if the research meet the criteria it is capitalize as intangible and it will be amortize over its useful life once the development is available for use otherwise it will expense out in profit and loss statement.
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2. Which type of customer do business marketers NOT serve
The business marketers do not serve consumers who purchase products and services for their end-use.
Who are business marketers?These are entities that sell products/services to other companies that resell or uses them to support their works.
Hence, these business marketers do not serve consumers who purchase products and services for their end-use but they serve other business organizations.
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The study of how people make decisions in situations where attaining their goals depends on their interactions with others is called.
The correct answer is: "Game theory"
Hope this helps :)
An expansionist strategy in regards to capacity is best characterized by Group of answer choices making small, frequent jumps in capacity expansions. using capacity as a competitive weapon in order to compete on cost. willing to use short-term options (e.g., overtime, subcontracting) to meet the demand that exceeds capacity. reducing the risks of over-optimistic demand forecasts.
An expansionist strategy in regards to capacity is best characterized by A. making small, frequent jumps in capacity expansions.
What is an expansionist strategy?An expansionist strategy is a growth strategy aimed at:
Achieving faster growthEarning higher profitsCompeting more favorablyRapidly growing a brandCapitalizing on economies of scale.An organization can use these growth strategies to expand its operations:
Market penetrationProduct developmentMarket expansionDiversification.Thus, an expansionist strategy in regards to capacity is best characterized by A. making small, frequent jumps in capacity expansions.
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Se the following tax rates, ceiling and maximum taxes: employee and employer oasdi: 6.20% $142,800 $8,853.60 employee* and employer hi: 1.45% no limit no maximum self-employed oasdi: 12.4% $142,800 $17,707.20 self-employed hi: 2.9% no limit no maximum *employee hi: plus an additional 0.9% on wages over $200,000. also applicable to self-employed. rounding rules: unless instructed otherwise compute hourly rate and overtime rates as follows: carry the hourly rate and the overtime rate to 3 decimal places and then round off to 2 decimal places (round the hourly rate to 2 decimal places before multiplying by one and one-half to determine the overtime rate). if the third decimal place is 5 or more, round to the next higher cent. if the third decimal place is less than 5, drop the third decimal place. also, use the minimum hourly wage of $7.25 in solving these problems and all that follow. crow earned $585.15 during the week ended march 1, 20--. prior to payday, crow had cumulative gross earnings of $4,733.20. round your answers to the nearest cent. a. the amount of oasdi taxes to withhold from crow's pay is $fill in the blank 1. b. the amount of hi taxes to withhold from crow's pay is
Based on the OASDI and HI tax rates given, the amount to be withheld for OASDI is $36.28 and for HI is $8.48.
What amount of OASDI taxes will be withheld?This can be found as:
= OASDI tax rate x weekly earnings
= 6.2% x 585.15
= $36.28
What amount of HI Taxes will be withheld?= HI tax rate x weekly earnings
= 1.45% x 585.15
= $8.48
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Tristan has found a good job as a bookkeeping clerk after finishing his associates degree at the local community college. He is making a beginning annual salary of $19,760. How can this increased income affect his financial decisions
An increase in the total income may lead to changes in Tristan's financial decisions in positive as well as negative ways.
What are financial decisions?A plan or a strategy which is backed by strong logic of an individual to distribute his or her income in different forms of investments, expenses, and savings, are known as financial decisions.
When Tristan gets an increase in his income, his financial decisions may, change in a way that he may start investments and save for future goals. He may also start spending on luxuries, which he otherwise, could not afford to.
Hence, the significance of an increase in income on the financial decisions of Tristan is aforementioned.
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Practices and processes that encourage the use of external as well as internal ideas in order to create new products and services is known as Blank______ innovation.
Open innovation change that adds value to be product or service
Practices and processes that encourage the use of external as well as internal ideas in order to create new products and services is known as Blank______ innovation.
Innovation is the incarnation of creativity into a usable product or service. In the entrepreneurial environment, invention is any new idea, process, or product, or a change to be product or process that adds value to that being product or service.
Open innovation is principally a volition to this conventional system of doing invention where information has to stay within preset confines.
A mindset, if you will, of being open to sharing and entering information.
This companion explains how you can make invention a crucial business process and outlines the different approaches you can take. It gives you advice on planning for invention and creating the right business terrain to develop your ideas. It also outlines the help and support available to innovation businesses.
The business case for innovation Approaches to invention Planning Encourage invention in your business Backing innovation
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Data analysts pay attention to sample size in order to achieve what goals?
Data analysts are known to pay attention to the sample size so as to
To make sure a few unusual responses don't skew resultsTo make sure the data represents a diverse set of perspectiveTo avoid a small sample size leading to inaccurate judgmentsWho is a data analyst?This is a term that is used to refer to a person that is engaged in the handling of data.
Such a person helps to analyze, retrieve and also make conclusions using the available data.
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You work in contracting and receive a request from a company that wants to make a bid on the next ambulance contract; the requestor wants to know who the current companies are and how much they charge for various services. You know that your friend handles that contract and could easily send the information. What do you do
I will refuse to give the information because it is considered unethical. See below for the definition of unethical practice.
What is unethical practice?Unethical behavior refers to actions or attitudes that are unacceptable to the general public because they are deemed unfair and give undue advantage to a select few.
Hence, given the above situation, I will refuse to give the information because it is considered unethical. See below for the definition of unethical practice and blacklist the requestor.
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Marketers conduct marketing research primarily to:
Marketers conduct marketing research primarily to to understand or examine the market associated with a particular product.
Who are Marketers?Marketers can be regarded as those people that help in promoting a product so that the potential customers can be convinced and make a purchase.
They help to describe how the audience will react with respect to product or service and study the market very well.
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A(n) _____ system is an application used in all the functions of a business and supports decision making throughout the organization
An enterprise system is the application used in all the functions of a business and that supports decision making throughout the organization.
What is an enterprise system?This refers to the large-scale software packages that is used to track or control all of the complex operations of a business.
Hence, the application is also used in all the functions of a business and that supports decision making throughout the organization.
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margot inc, which uses the perpetual inventory system, purchases 500 units of inventory to be held for resale. margot should debit the purchase to:
Because Margot Inc, uses the perpetual inventory system, purchases 500 units of inventory to be held for resale. Margot should debit the purchase to Inventory.
What is the perpetual inventory system?The perpetual inventory system is an application that enable the entity to estimate inventory continuously using electronic records rather than a physical inventory.
It is thus correct to state that Margot should debit the purchase to Inventory.
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ways in wich painting is an innovative idea
Answer:
ExplanationThey say that it is possible to resist an army of men but not an idea whose time has come. For an artist, generating maritime painting ideas or ideas for any other form of painting is critical. However, no artist flows in continuous inspiration because we have times when the “well” of inspiration dries. But how can you maintain a steady flow of oil painting ideas to express your artistic genius when the occasion demands? The remaining sections of this post will expose some of the ways of doing so.
Look Behind You:
Look Around You
Ask, and You Will Receive
Enhance Your Previous Ideas
what increases your total loan balance?
Interest compound is known to increase a person's loan balance.
What is interest?This is a term that is used to refer to the additional cost of borrowing money. When people borrow they have to pay an interest for that amount in a given period.
When you fail to pay when due, the interest on this loan would continue to rise till you pay up.
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Describe the role of hotel management in the field of tourism. .
Answer:
The management of staff members as well as the planning, marketing, coordinating, and administration of hotel services including food and lodging amenities are within the purview of hotel managers.
General Motors had long-running problems with Chevy Cobalt ignition switches. The switches could disable the emergency airbags, causing accidental deaths. The GM culture discouraged anyone from stepping up and addressing the problem. Mary Barra, the new CEO, made a public commitment to change. After an investigation, two senior managers left the company in 2014. By ________, GM was better able to move forward.
By changing leader, GM was better able to move forward.
Who is leader?A leader is someone that possess leadership skills or someone that control and direct others.
Based on the given scenario since two senior managers left GM, changing leader make it possible for the company (General Motors) to move ahead or forward.
Therefore By changing leader, GM was better able to move forward.
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A machine is available 10 hours a day. Each part takes 80 minutes to fabricate and 10 minutes to setup. 10% of the parts made are defective and must go through the machine again to be reworked, during which both setup and fabrication have to be performed again. The machine is idle for any unused time. On average, 5 good parts are made each day. What is the overall equipment effectiveness of the machine? Multiple Choice 0.80 0.75 0.067 0.667
The overall equipment effectiveness of the machine is 0.75
How to determine the effectiveness?The given parameters are:
Availability = 10 hours ⇒ 600 minutesFabrication time = 80 minutesSetup time = 10 minutesParts made each day = 5Percentage defective = 10%The total production time for 5 parts is:
Time = 5 * (80 + 10)minutes
Time = 450 minutes
The time to replace defective parts is:
Time = Percentage defective * Parts made each day * Production time for one part
This gives
Time = 10% * 5 * (80 + 10) minutes
Time = 45 minutes
The value added time is the difference between the production time and time to replace defective part
Value added time = 500 - 45 = 455 min
The overall equipment effectiveness of the machine is then calculated as:
OEE = Value added time/Availability
This gives
OEE = 455/600
Evaluate
OEE = 0.75
Hence, the overall equipment effectiveness of the machine is 0.75
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Americans are typically not shy talking up their accomplishments; however, in the United Kingdom, overt self-promotion is taboo. Which cultural influence does this exemplify?
body language
language
cultural baggage
family relationships
The cultural influence that the given scenario shows is C. cultural baggage
What is Culture?This refers to the way of life of a person and how he lives his life, the values that he holds dear and his relationship with others.
Hence, we can see that based on the given scenario, the fact that the Americans will brag about their achievements and the British may not because it is considered taboo is a good example of cultural baggage.
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Answer:
cultural baggage was wrong for me
I think it is language
Explanation:
How to advertise a buisiness on Etsy
To advertise a business on Etsy it is necessary to use a strategy aligned with your goals, such as using marketing emails and promoting your store on social media.
What are the advantages of digital marketing?Through advertisements made on the internet, there is greater possibility of reaching and attracting customers in a faster and more dynamic way, through tools that generate value and engagement.
Therefore, to advertise your business on Etsy you need to identify your customer's needs and wants, promoting your product to create value.
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what is the role of profit in a business ?
Answer:
Profit plays a huge role in business. business is run to gain profit .the main purpose of the business is to make profit if there is no profit in any business then it can no longer be run as it won't be possible to meet up the demands without profits.
Answer:
Profit equals a company's revenues minus expenses. Earning a profit is important to a business because profitability impacts whether a company can secure financing from a bank, attract investors to fund its operations and grow its business. Companies cannot remain in business without turning a profit.
The development of a nationwide computerized job bank listing of all job openings would be most likely to reduce: Group of answer choices frictional unemployment. seasonal unemployment. natural unemployment. cyclical unemployment.
The development of a nationwide computerized job bank listing of all job openings would be most likely to reduce cyclical unemployment.
What is seasonal unemployment?When the abilities that people in the economy have to provide and the skills that employers need from employees do not match, structural unemployment results.What is frictional unemployment?The time between quitting a job voluntarily and finding another is known as the frictional unemployment period.What is natural unemployment?The lowest rate of unemployment brought on by actual or voluntary economic forces is known as natural unemployment, or the natural rate of unemployment. The number of persons experiencing natural unemployment indicates those who are jobless as a result of the structure of the labor force, such as those who have been displaced by technology or those who lack the necessary skills to find employment.What is cyclical unemployment?The portion of overall unemployment that is specifically caused by cycles of economic expansion and contraction is known as cyclical unemployment. Typically, unemployment increases during economic downturns and decreases during boom times.Therefore, the development of a nationwide computerized job bank listing of all job openings would be most likely to reduce cyclical unemployment.
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Which of these pavement markings separates two lanes traveling in the same direction?
The pavement markings that separate two lanes traveling in the same direction is A broken white line
What is a Pavement Marking?This refers to the mark or sign that is on the road to show a particular function for motorists and pedestrians.
Hence, we can see that in the case of two lanes that travel in the same direction, the pavement marking that is used to clearly show this is called a broken white line.
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In early April, an investor buys 1 XYZ Oct 60 call for $9 and sells 1 XYZ Jul 70 call for $4. If the investor buys back the Jul call for $1 and sells the Oct call for $12, what will the pretax profit or loss be?
Answer:
$600 profit
Explanation:
bought Oct Call at $9 and sold at $12 = $3 profit
sold Jul Call at $4 and bought back at $1 = $3 profit
total profit $6 per option x 100 shares = $600
Bill, the owner of FG Kraftco Corp., asks his employee, Megan, for sexual favors in exchange for a raise in her salary. When Megan refuses to entertain his request, Bill reduces her salary. Megan files a charge against Bill with the Equal Employment Opportunity Commission. This case is a ________. Group of answer choices retaliation case res judicata case disparate impact case hostile work environment case quid pro quo case
Based on the fact that Bill reduced Megan's salary because she refused his sexual advances, this is a quid pro quo case.
Why is this a quid pro quo case?This is a case where parties are meant to exchange goods or services in a way that both get what they want.
Megan wanted a raise and Bill wanted a sexual favor. When Megan refused the sexual favor, Bill refused the raise. This is therefore a quid pro quo case.
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Mr. Troy wants to buy stocks of a local retail company. He needs help with market research and requires some investing advice, as well as someone to do the trading for him. Mr. Troy should contact a(n) _____.
Mr. Troy should can contact securities broker
A consumer's connection to the global financial markets is crucially facilitated by the securities broker. Brokers in securities, also known as sales agents for commodities, financial services, and securities, provide guidance to clients looking to invest money. Securities brokers make arrangements for their clients' purchases or sales of stocks, bonds, and other securities. Brokers guide clients toward the various investment possibilities that best meet their needs among the maze of choices.
Stocks and bonds are the two most popular kinds of securities. By issuing stocks, private companies give the general public a stake in the company. In exchange for using their money to purchase stock, investors may be promised dividends, which represent a portion of the earnings.
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A+piece+of+land+produces+an+income+that+grows+by+5%+per+annum. +if+the+first+year’s+income+is+$10,000,+what+is+the+value+of+the+land?
If a piece of land produces an income that grows by 5% per annum. The value of the land is $200,000.
Present value of the landUsing this formula
Present value=Income/Rate per annum
Let plug in the formula
Present value=$10,000/0.05
Present value=$200,000
Therefore If a piece of land produces an income that grows by 5% per annum. The value of the land is $200,000.
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The amount of federal income taxes withheld from an employee's gross pay is recorded as a(n):
The amount of federal income taxes withheld from an employee's gross pay is recorded as a liability
What is a liability?A liability is simply debt owned by a company to an individual or another company.
This liability can be cash based or an asset. These liability are also counted as the amount of tax withheld from an employee's pay.
Hence we can conclude that the amount of federal income taxes withheld from an employee's gross pay is recorded as a LIABILITY
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short notes on audit and auditor
Answer:
Audit
Audit is the examination or inspection of various books of accounts by an auditor followed by physical checking of inventory to make sure that all departments are following documented system of recording transactions.
Auditor
An auditor is a person authorized to review and verify the accuracy of financial records and ensure that companies comply with tax laws.
