The amount that George should record as the cost of the new building is $313,315.50.
Here, we are to determine the amount that George should record as the cost of the new building using the information given below.
Given Information
$25,000 paid as a down payment
interest rate of 4%
Required to make annual payments of $55,000 for 6 years and first payment due on Dec. 31, 2017.
PV factor of $1 annuity = (1 - (1 + i)^-n) / i
PV factor of $1 annuity = (1 - (1.04)^-6) / 0.04
PV factor of $1 annuity = 0.20968547427 / 0.04
PV factor of $1 annuity = 5.2421
Present value of payments = Annual payments to be made * PV factor of $1 annuity
Present value of payments = $55,000 * 5.2421
Present value of payments = $288,315.50
Cost of the new building = Cash down payment + Present value of payments
Cost of the new building = $288,315.50 + $25,000
Cost of the new building = $313,315.50
Therefore, the amount that George should record as the cost of the new building is $313,315.50.
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ib econ sl section 3 1. (a) Explain why many governments pursue the macroeconomic goals of low inflation and low unemployment. [20 marks]
The goals of macroeconomics is to maximize the people's standard of living and to achieve a stable economic growth.
The macroeconomics goals also includes:
minimizing unemploymentincreasing productivitycontrolling inflation etc.The reason government pursue macroeconomic goals of unemployment is to reduce government borrowing.
The reason government pursue macroeconomic goals of low inflation is to make foreign and domestic firms be more confident and optimistic to invest therein.
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The amount by which an additional unit of a factor increases a firm's total _____ during a period is the _____.
The amount by which an additional unit of a factor increases the firm's total revenue during a period is marginal revenue product.
Hopefully, this helped!
The amount by which an additional unit of a factor increases a firm's total revenue or production during a period is the marginal product.
What is marginal product?The additional output, return, or profit generated per unit as a result of benefits from production inputs is referred to as marginal productivity or marginal product. Raw materials and labor are examples of inputs or factors of production.
The excess production produced as a result of an increase in the company's input is known as its marginal product. It is also known as MPP, or marginal physical product. It studies under the economies of scale in term of law of variable proportionality or declining marginal utility.
Practically, this might refer to the extra doughnuts made in a donut shop if they hire an extra worker.
Thus marginal product is account for when extra factor employed.
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1.
a.
Which of the following is NOT true about checking accounts?
A minimum balance must be kept in the account for the term specified?
b. Interest is sometimes paid on checking accounts.
It is okay to run a negative balance in your account as long as you pay the bank back.
d. Checking accounts typically offer lower interest rates than regular savings accounts.
C.
Answer:
Interest is sometimes paid on checking accounts.
It is okay to run a negative balance in your account as long as you pay the bank back.
Broadly speaking, there are three arguments against the use of expansionary fiscal policy. Which is NOT one of these arguments
Answer:
Explanation:
Government spending crowds out private spending only when the economy is operating at full employment
Expansionary fiscal policy should be used during recessions to help build the economy and contractionary fiscal policy should be used when there is high inflation is not one of these arguments. Hence, option C is correct.
What is contractionary fiscal policy?Governments engage in contractionary fiscal policy when they either cut spending or raise taxes. Its name alludes to the method by which the economy contracts. It limits the amount of money that both businesses and people can spend.
In the United States, contractionary fiscal policy was most recently widely implemented under President Bill Clinton, who increased taxes on the wealthiest Americans and cut expenditure on welfare and defense.
Expansionary fiscal policy, which involves an increase in government spending, a drop in tax revenue, or a combination of the two, is expected to increase economic activity.
Thus, option C is correct.
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The options are missing-
a) Expansionary fiscal policy should be used to increase government revenue and contractionary fiscal policy should be used to increase consumer spending.
b) Expansionary fiscal policy should be used to combat high inflation and contractionary fiscal policy should be used to increase government revenue.
c) Expansionary fiscal policy should be used during recessions to help build the economy and contractionary fiscal policy should be used when there is high inflation.
d) Expansionary fiscal policy should be used to decrease the unemployment rate and contractionary fiscal policy should be used when economic growth is too fast.
a $20,000 life insurance policy application is completed, however the producer does not collect the initial premium. at what point does the coverage go into effect
Based on the information given the point at which the coverage will go into effect is when the policy is receive and the premium is paid.
Initial premium is the amount or initial payment that is made on insurance coverage.
For the insurance coverage to be effective the initial premium was suppose to be summitted along with the insurance policy application.
Based on the information given the insurance coverage will go into effect when the life insurance policy is received and when the initial premium is paid or when the the first payment is included with the application.
Inconclusion the point at which the coverage will go into effect is when the policy is receive and the premium is paid.
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Answer: When the applicant receives the policy and pays the initial premium.
Explanation:
A data analyst reviews a spreadsheet of boat auction sales to find the last five sailboats sold in Kentucky. What steps would they take in order to narrow the scope? Select all that apply.
The steps that would they take in order to narrow the scope will be:
Sort by date in descending order.Filter out sales outside of Kentucky.A spreadsheet simply means a computer application that's used for organizing, analyzing, and storing data in tabular form. It's a file that can be used in arranging, calculating, and sorting data.
Since the analyst reviews a spreadsheet of boat auction sales to find the last five sailboats sold in Kentucky, the steps that should be taken to narrow the scope include sorting the date in descending order and filtering out sales outside of Kentucky.
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Popular weight management organizations, such as Jenny Craig, Overeaters Anonymous, TOPS, and Weight Watchers all ______. Multiple choice question. include education and weekly support charge monthly fees are faith-based group
Popular weight management organizations, such as Jenny Craig, Overeaters Anonymous, TOPS, and Weight Watchers all: A. include education and weekly support.
A good body composition can be defined as a physical state in which an individual has a well-balanced proportion of body fat and non-fat constituents (mass)
This ultimately implies that, the individual's body fat is in a lesser percentage while the non-fat mass such as organs, bones, muscle, etc., are in a higher percentage.
Generally, you can can develop a good body composition by performing the following:
Exercising regularly and properly.Eating a well-balanced diet.Regularly checking your body mass index (BMI).Additionally, you should endeavor to read the education and weekly support provided by popular weight management organizations, such as Jenny Craig, Overeaters Anonymous, TOPS, and Weight Watchers.
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marketing is the activities, sets of institutions, and processes that add ______ for customers.
The process of marketing includes creating, communicating, delivering and exchanging offerings that have value for customers,
Marketing refers to those action undertaken by firm for promoting purpose to facilitate more sales of its products or services.
The main objective of marketing action is to generate revenue for the company.
Therefore, the process of marketing includes creating, communicating, delivering and exchanging offerings that have value for customers.
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Answer:
Value
Explanation:
Marketing adds value for customers.
Fifty percent of the market is in the hands of Company A, 30 percent is in the hands of Company B, 15 percent is in the hands of Company C, and the remaining 5 percent is in the hands of Company D. Based on these hypothetical numbers, Company D is most likely the market ________.
Based on these hypothetical numbers, Company D is most likely the market Nicher.
When determining one's product or brand position, a company needs to identify its position in comparison to its competitor's brands/products. Whether it is a leader, challenger, follower, or nicher to adopt appropriate strategies to compete in the market.
A company is considered a leader if it has the largest market share. As per the given information, it is Company A who is the leader.
Challengers are those who have a medium share but can challenge the leader. In this case, it is Company B.
Company C is a follower in the given question, as it is not in any offensive position against the leader.
Nicher is those who have a small market size. Hence, Company D is a nicher due to the small market share of only 5%.
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1. Many media outlets have reported extensively on the long wait times for veterans seeking medical attention through VA hospitals. Several of those outlets neglected to cover the federal corruption and bureaucratic difficulties that led to the poor care of veterans. This is an example of
Answer:
Bias by omission
Explanation:
This is an example of bias by omission. Bias by omission occurs when a media outlet leaves out one side of a story or one aspect of a story.
What is the name for the process that includes product returns, recycling and material reuse, and waste disposal
An increase in government purchases will increase aggregate demand because A. government expenditures are a component of aggregate demand. B. the decline in the price level will increase demand. C. consumption expenditures are a component of aggregate demand. D. the decline in the interest rate will increase demand.
An increase in government purchases will increase aggregate demand because government expenditures are a component of aggregate demand.
From the above choices given only choice A gives the best answer.
According to Keynesian theory the aggregate demand is dependent on four components which are government spending, consumption, investment, and net exports.
Government spending increases as government purchases increase.
The increase in government spending increases results in decrease in taxes which in turn affects the aggregate demand.
The increase in consumption increases results only when taxes are decreased which in turn affects the aggregate demand.
From the above choices given only choice A gives the best answer.
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Buying a car is a big financial decision. What did Henry do well throughout the car buying process? What should he have done differently throughout the process to be better informed and make better decisions
Answer:
hear the decisions of othera
Explanation:
listen to the decisions of others and consider whether what they have said is right and no one will be trampled on
Charlotte, a manager for Everyday Beauty Company, has just been given a report showing sales in her region are lower than anticipated for the third quarter. Her next task is to determine the reason for the disappointing results and find a way to get sales up to their desired level. Charlotte's efforts are part of the __________ function of management.
Considering the situation described above, Charlotte's efforts are part of the Planning function of management.
This is because the Planning function of management involves various processes, including planning or making the mission and vision of the firm.
It also includes determining the systems and means by which a desired goal or results of the company or business is achieved.
Thus, in this case, as Charlotte's next task is to determine the reason for the disappointing results and find a way to get sales up to their desired level, this is an example of the Planning function of management.
Hence, in this case, it is concluded that the correct answer is "Planning."
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For five years, Willard Insurance Group offered $500 bonuses to individuals who identified ways to reduce costs by at least $1,000 per year. In the first year of that incentive program, 31 employees earned the bonus, but last year, only 14 submitted ideas, and only three of the ideas would actually save more than a few dollars. The company's HR director suggests that the company is likely to see more improvement if it replaces individual incentives with a gainsharing plan. Which statement best supports this argument
Based on the benefits of gainsharing and this scenario, the best statement to support this argument is e. Gainsharing expands employees' thinking beyond their individual interests.
Gainsharing:
Refers to employees sharing from the gains the company gets when it grows Inspires employees to work together to grow the companyShould gainsharing be implemented here, employees would try to find ways of cutting costs together as this would benefit the entire company and lead to them getting more gains as well.
They would therefore look past individual interests and more towards the growth of the company.
In conclusion, gainsharing leads to employees thinking about more than themselves.
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how is raytheon pursuing greater revenues and profits?
Raytheon is pursuing greater revenues and profits because Raytheon is expanding into new markets in the United Arab Emirates and Saudi Arabia.
It should be noted that the main aim of an organization is to maximize profit and revenue. These are vital for the growth and development of the organization.
From the complete information, Raytheon is pursuing greater revenues and profits as the company is expanding into new markets in the United Arab Emirates and Saudi Arabia. Raytheon has set up companies in both countries that will help in addressing the defense requirements and building capacity.
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rank order the different eras of marketing by putting the earliest at the top to the most recent at the bottom.
Answer:#1- production, #2- sales, #3-marketing concept, #4- customer relationship
Explanation:
The different eras of marketing by putting the earliest at the top to the most recent at the bottom rank are the production, sales, marketing, and customer.
What is marketing?
The practice of a business of promoting the purchase and sale of goods and services is referred to as “marketing.” Promotion, publicity, and advertising make up marketing. The marketing are the important part of the economies. The marketing are the based of the consumer behavior.
The marketing are the putting the earliest at the top to the most recent are the ranking on the top to bottom. The first is the production, sales, marketing concept, and the customer relationship. There is the marketing is the promotion of the audience. There are the earliest in the top to the bottom.
As a result, the different eras of marketing by putting the earliest at the top to the most recent at the bottom rank are the production, sales, marketing, and customer.
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_____ deals with reporting to outsiders. _____ accounting deals with the internal operations of the firm.
Answer:financial accounting, managerial accounting
Explanation:
External reporting is a focus of financial accounting. Managerial accounting is concerned with a company's internal operations.
Why is managerial accounting more suitable for internal reporting?The information is more precise, timely, and specialized in managerial accounting. Since managerial accounting is not subject to GAAP, there is an infinite amount of flexibility in the kinds of reports and data gathered.
The first type of accounting was financial accounting. It is mostly limited to the creation of financial statements for use by third parties such as creditors, banks, financial institutions, shareholders, and holders of debentures.
Managerial accounting is primarily concerned with assessing the internal requirements of businesses and resolving issues that have an impact on revenue streams, overall financial stability, and long-term profitability.
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unions employ two kinds of boycotts to enforce their demands. these two kinds of boycotts are
Answer:
primary and secondary
Explanation:
Etsy Shop: Eclipseshoppee
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A person has a comparative advantage in the production of a good when she or he can produce the product at a(n) ________ opportunity cost compared to another person. a. higher b. diminishing c. increasing d. equal e. lower
Answer:
C. an increasing opportunity cost compared to another person
Explanation:
at the core of the erp system is a _______________ that is shared by all users so that all business functions have access to current and consistent data for operational decision making and planning.
At the core of the erp system is a database that is shared by all users so that all business functions have access to current and consistent data for operational decision-making and planning.
It should be noted that a database is known as the core of the Enterprise Planning System. It is accessible by all the users in the decision-making and planning of an organization.
Also, a database can be accessed by all users so that they'll be able to take important decisions that will have an impact on the organization. Therefore, at the core of the erp system is a database that is shared by all users.
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True or False: After calculating how much money you have left after paying for all of your monthly expenses, you can
olan on spending up to 50% of that amount on car expenses
Based on microeconomic theory, it is true that after calculating how much money you have left after paying for all of your monthly expenses, you can
plan on spending up to 50% of that amount on car expenses.
Note that after making a payment on living expenses, such as rent, mortgage, utilities, loans, car payments, and food, the money that remains is discretionary income.
This discretionary income can be used as savings, investment, or spending on your discretionary expenses such as vacations and travel expenses, car expenses.
This is because discretionary expenses are categorized under wants instead of needs.
Thus, given that planning for car expenses is a want, then the statement in the question is True.
Hence, in this case, it is concluded that the correct answer is "True."
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In companies that do not use a self-imposed budgeting process, profit targets are generally set by ______
Answer: Top Manager
Explanation:
Lenovo's assumption that consumers want a higher-quality camera on their phone most likely came to light during the _______________ stage of the new product development process.
Lenovo's assumption that consumers want a higher-quality camera on their phone most likely came to light during the idea generation stage of the new product development process.
New product development can be defined as the use of a business firm's product development efforts and ideas to achieve the following:
I. The development original products.
II. Improvement of its product.
III. Modifications of a product.
IV. The creation of new brands.
Basically, the new product development process comprises four (4) main stages and these include:
Idea generation and screening.Content development and testing.Product development.Test marketing.Idea generation simply involves the systematic search by a business firm for new product ideas.
In this context, Lenovo's assumption most likely came to light during the idea generation stage of the new product development process.
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Conducting a staff meeting online so employees from around the globe can join the discussion is an example of _____________.
The name which is given to the act of conducting a staff meeting online so employees from around the globe can join the discussion is:
Video conferencingAccording to the given question, we are asked to state the name which is given to the act of conducting a staff meeting online so employees from around the globe can join the discussion.
As a result of this, we know that video conferencing has to do with the virtual meeting where people from different locations around the world can connect and see and hear each other.
Therefore, the correct answer is Video conferencing
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Synthesizing Suppose you were told that you would
earn $95,000 in 2020. Explain why this information
would say little about the standard of living you might
enjoy. What other information would you need before
you could evaluate how well you could live in 2020?
Answer:
The nominal earnings is only one side of the story. The thing that matters is what the earnings would be able to buy. Hence, we need to know how the prices are going to change, and what are is the expected inflation. If the inflation is very high, the same nominal money would be able to buy less goods and if the inflation is more, the same nominal money would be able to buy more goods.
Explanation:
The answer is the explanation
Before evaluating how well I could live in 2020, there are several other factors that need to be evaluated.
Evaluation for livingMany things need to be evaluated. These include the rise in price of every thing from food, petrol, and other basic necessities. It is important to note that what our earnings would be able to buy. Earnings will decide how better can we live in 2020.
Standard of livingStandard of living refers to the level of wealth, comfort, material goods, and necessities available to a certain socioeconomic class or geographic area. Standard of living is relevant because it is considered to contribute to an individual's quality of life.
Thus, many things need to be evaluated before deciding how well we are going to live in 2020.
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Business owners and managers prefer to hire people who are referred to them personally. Please select the best answer from the choices provided T F.
Answer:
True
Explanation:
Interviewing an individual requires considerable time and effort. The applicant must have the skills required, the aptitude to work hard, and be able to communicate and collaborate with others in the organization. A manager often doesn't spend the time to carefully review, and check, the resume. Managers will rely on their ability to judge a candidate simply based on a discussion, level of interest, and ability to answer a few common questions, such as 1) where do you see yourself in 5 years, 2) what attracted you to this job, 3) name your best strengths and identify a weakness, and 4) have you ever had any experience in _____[describe job]___. Like online dating, what you see isn't always what you get.
A good recommendation from a trusted acquaintance can go a long way in when a candidate in interviewed. If they are recommended by someone you know, it helps break any hesitancy in making an offer. A recommendation brings a strong comfort level that would otherwise not be possible with a stranger.
You are getting ready to drive with a child under three years of age in your four-passenger car. You must
A: Secure the child in the rear seat using an approved children's car seat or child restraint device.
B: Turn off the front-passenger air bag and secure the child in the front passenger seat using an approved child restraint device.
C: Secure the child in the front passenger seat where you can see them, using an approved children's car seat.
PREV
You exist getting ready to drive with a kid under three years of age in your four-passenger car. You must Secure the child in the rear seat utilizing an approved children's car seat or child restraint device.
What should maintain when driving with a child?To create certain that kids understand the significance of seat belts, be a role models. Always utilize your seat belt regardless of where you exist going. Use the middle of the back seat for a kid if possible because it exists the safest spot for children in a car. Make certain you comply with all traffic laws and wear the appropriate safety gear. create everything to be intentional on a road trip with kids.
The correct answer exists in option A.
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a person with which holland personality type would be a good fit for a career in accounting?
A person with the conventional Holland personality type would have a good career in accounting.
Such a person would be one that has a likeness with numbers and also loves to record things in an orderly manner.
This person is one who loves working with records in a way that is systematic as well as in an orderly fashion.
People with these characteristics are said to be good in the world of business and are good at setting plans.
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