cecilia wants to buy a new car in 5 years at which time she expects the car to cost $9,475. the rate of interest at her bank is expected to remain constant at 8% per year throughout the next five years. her mom has promised to give her $2,500 in two years which she can put in the bank to help pay for the car. assuming she saves the same amount from her salary each year how much does she have to save at the end of each year to have enough money in five years to buy the car? please round to the nearest whole number.

Answers

Answer 1

Cecilia needs to save $1,078 each year to buy the car.

In order for Cecilia to have enough money to pay for her car, the present value of the cost of the car must equal the present value of what her mom is going to give her plus the present value of her annual savings. This means:

= 9475/(1+0.08)^5

= 2500/(1+0.08)^2 + S(1/.08 -1/(0.08(1+0.08)^5)

S = 1078

Note: the S is the same as the C in your annuity formula. I used S to denote savings.

Therefore, Cecilia needs to save $1,078 each year for the next 5 years in order to meet her objectives.

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Related Questions

hi, amazon works with four different vendors to package and send magazines to customers. we want to identify the top three vendors. remember amazon’s goals: maintain high customer satisfaction, ship products on time, minimize costs.

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The identified vendors who can meet Amazon's objectives are- Vendor R, Vendor K, and Vendor F.

To identify the vendors of Amazon.Amazon's goals contain maintaining high customer satisfaction, guaranteeing the shipment of products on time, and minimizing costs.These goals are turned into different parameters that are used to measure the overall execution of each of the vendors, Vendor K, Vendor E, Vendor R, and Vendor F.It is observed that Vendor K was successfully able to complete the on-time shipment and 100% customer satisfaction rate. Much like Vendor K, Vendor R and Vendor F also met the shared parameters of success.Only Vendor E was incapable to meet the Amazon goals.Hence, the correct response would be Vendor K, Vendor F, and Vendor R best meet Amazon's objectives.

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which term works best as a title for the list factor of production equipment used in production brainly

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The phrase "capital" works well as a title for the list of manufacturing tools utilized in production.

When economists talk about capital, they're talking about the tangible tools, buildings, and machinery that enable higher job productivity. One of the four main production variables, along with land, labor, and entrepreneurship, is capital. Hammers, tractors, assembly lines, conveyor belts, computers, trucks, and railroads are typical instances of capital. Financial capital, which consists of the debt and equity accumulated by firms to operate and grow, is separated from economic capital. In contrast to land or labor, capital is artificial; it needs to be made by human hands and built with human goals in mind. This suggests that investment in time is necessary before capital can be put to use efficiently.

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Theresa spends 2 hours working instead of watching tv with her friends. The opportunity cost to her of working is.

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Theresa spends 2 hours running rather than watching tv with her friends. The opportunity cost to her of running is: the profits earned running per hour

The definition of an opportunity is a positive state of affairs for an effective outcome. An instance of an opportunity is a lunch meeting with a probable organization.

This opportunity will let you observe positive paths which lead toward reaching your desires and goals. If we want what is first-rate for our careers then taking an opportunity is important. possibilities assists individuals to expand work-associated capabilities allowing them to achieve efficient paintings inside our community. each community-based totally and facility-based totally talent improvement, employment, and schooling options are available. Possibilities are first-rate motivators because they promote innovation, dedication, and power. Even in industries with which an entrepreneur is surprised, particular opportunities for fulfillment are what makes enterprise exciting. entrepreneurs and commercial enterprise-owners alike ought to look for extra possibilities.

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if the skills required by a project cannot be met by the available project team, which would probably not be a reasonable solution?

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The skills required by a project cannot be met by the available project team, which would probably not be a reasonable solution Modify the project to use skills inherent in the project team.

Either systems prototyping or throwaway prototyping is normally an excellent technique choice when the undertaking has doubtful consumer necessities. A crucial achievement aspect for venture management is initially a sensible evaluation of the work that desires to be achieved.

In maximum IT departments, the demand for IT tasks is typically approximately similar to the branch's ability to supply them. Phased development is a layout technique that divides the general device into a series of variations that are advanced sequentially. The margin of error in cost and time estimates may be an as great deal as 20% in the planning section for the system inspiration deliverable.

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what is the process of fitting effort and level of planning detail proportionately to the cost, size, complexity, and risk of the project? tailoring develop project management plan point of assumption plan quality management

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Tailoring is the process of fitting effort and level of planning detail proportionately to the cost, size, complexity, and risk of the project.

Tailoring refers to an apparel object that is custom-outfitted for the wearer. due to the fact the garb is custom-match, it will appear suitable on the character it changed into made for. Tailoring is something that most people can't do for themselves, therefore it comes at a rate.

Tailoring is the artwork of adjusting clothes to match a particular individual's particular frame shape. Tailors can alter whatever from the sleeve duration and shoulder seams of an in-shape jacket to the inseam of a pair of denim to the drape of a marriage get dressed.

Normally, a seamstress sews garments, fabrics, and garb for a dwelling. A tailor works at changing clothing and clothing to match a purchaser/purchaser. They could make clothes as properly and might be tasked with hemming and mending. Usually, a tailor will paintings greater with fits and coats or even fancy clothes which include ball robes.

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the december 31, 2021, balance sheet of justin’s golf shop, incorporated, showed current assets of $1,125 and current liabilities of $925. the december 31, 2022, balance sheet showed current assets of $1,340 and current liabilities of $1,015. what was the company's 2022 change in net working capital, or nwc?

Answers

The company's 2022 change in net working capital or nwc is $125

What is net working capital?

The net working capital of the company in each year is the current assets minus the current liabilities, however, the requirement, in this case, is to determine the net working capital in each year so as to determine the change over the two years, which means that we would compute the net working capital in years 2021 and 2022 first and foremost, then we proceed to determine the change in net working capital, the excess of 2022 net working capital over that of 2021 as shown below:

net working capital in 2021=$1,125-$925

net working capital in 2021=$200

net working capital in 2022=$1,340-$1015

net working capital in 2022=$325

change in net working capital=$325-$200

change in  net working capital=$125

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a survey of 137 investment managers in a poll revealed the following. 44% of managers classified themselves as bullish or very bullish on the stock market. the average expected return over the next 12 months for equities was 11.3%. 23% selected health care as the sector most likely to lead the market in the next 12 months. when asked to estimate how long it would take for technology and telecom stocks to resume sustainable growth, the managers' average response was 2.3 years.

Answers

A. of the investment managers Surveyed 46% were bullish or very stock market

2. of the investment managers Surveyed 211: selected health Care as the Sector most likely to lead the market in the next 12 months.

B. For investment manager Sample 11.5%. in the

C.  F.& investment managers in Sample 2.8.

Managers are most customarily accountable for a specific feature or branch inside the enterprise. From accounting to advertising, to sales, customer support, engineering, quality, and all other agencies a supervisor both immediately leads his or her team or leads a set of supervisors who oversee the teams of personnel.

It takes three years of expert experience to end up a manager. this is the time it takes to study specific supervisor capabilities, however, does no longer account for time spent in formal education. in case you include the everyday training requirements to complete a university degree, then it takes 6 to 8 years to grow to be a manager. Managers plan, prepare, direct, and manage sources to acquire unique goals.

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what type of decision is the following: which employee should we let go home since business is slow?

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Operational decisions are which employee should we let go home since business is slow.

What is the difference between operational and strategic?

Strategic management places an emphasis on the company's future and extends a three- to the five-year business plan. However, operational management emphasizes short-term strategies and implementation techniques. Operational management allows leaders to make plans that look up to a year into the future of the organization.

Specific business decisions are made daily within any business which are referred to as operational decisions. There are millions of these taken, and there are countless varieties. Operational decisions are used in everyday business to manage daily operations by many employees.

The planning, analysis, and execution of a company's operations are all guided by its operations strategy.

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revenues should not be recognized in the accounting records when earned, but rather when cash is received.

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The given statement is "Generally speaking, revenues should not be recognized in the accounting records when earned, but rather when cash is received." False:

What are accounting documents why is it crucial?

Accounting records are crucial because they provide important data and supporting documentation for the preparation, validation, and audit of financial statements. They serve as evidence for both monetary and non-monetary transactions and serve to indicate ownership of assets for the purpose of creating liabilities.

What three different types of accounting records are there?

Three types of accounting records are:

Income statement.Balance sheet.Statement of cash flows.What are the records of business accounting?

records for accounting. Your accounting records contain all of the transactions for your company. All of the details about ones income, equity, and expenses are included in the accounting records that are required for business.

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I understand that the question you are looking for is:

T or F: As a general rule, revenues should not be recognized in the accounting records when earned, but rather when cash is received

situation: bartholomew's luxury furniture produces handcrafted home goods with lifetime warranties. bartholomew invests heavily in educating and training his team to help them avoid mistakes that could lead to defective products. according to the cost of poor quality, what category does this cost belong to?

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Bartholomew's luxury furniture produces handcrafted home goods with lifetime warranties. Bartholomew invests heavily in educating and training his team to help them avoid mistakes that could lead to defective products. according to the cost of poor quality, what category does this cost belong to Prevention.

What is handicraft?

Generally speaking, when a business, brand, or individual uses the terms handmade or handcrafted, they suggest that the item was manufactured by hand rather than by a machine.

However, these two expressions are not equivalent in a technical sense. The degree to which the maker or craftsman participates in the production process determines the distinction between "handmade" and "handcrafted" goods.

Both methods do require using your hands to create them. But when anything is described as being handmade, it usually means that although machine manufacture may have helped produce some of the raw materials or pieces, the assembly was done by hand.

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Suppose a positive linear correlation is found between two quantities. Does this mean that one of the quantities increasing causes the other to​ increase? if​ not, what does it​ mean?.

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Suppose a positive linear correlation is found between two quantities. if​ not, A positive linear correlation between two quantities indicates that the two quantities are moving in the same direction. e. If the amount of one increases, the amount of the other increases, and vice versa.

A positive correlation is a relationship between two variables that tend to move in the same direction. A positive correlation is when one variable tends to decrease when the other variable decreases, or when one variable tends to increase when the other variable increases.

The most commonly used correlation coefficient is the Pearson coefficient, which ranges from -1.0 to +1.0. A positive linear correlation indicates that the two variables tend to move in the same direction. A negative correlation indicates two variables that tend to move in opposite directions.

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What is one pitfall of instant messaging? question 20 options: it's easy to get a quick response. it's easy to hit send before really thinking about what you wrote. it takes too long to send. it takes too long to get a response to your message.

Answers

Answer:

a

Explanation:

determine the value of a stock with the following variables using the constant growth model: current annual dividend: $2.75 per share required return rate: 8.5% constant growth rate: 6%

Answers

The value of a stock is $116.60

Current stock price = Next year's dividend/(r-g)

r = required rate of return

g = dividend growth rate

Current stock price = 2.75*1.06/(0.085-0.06)

Current stock price = $116.60

In finance, stock includes the stocks of which ownership of a company or corporation is divided. A unmarried share of the stock method fractional possession of the company in proportion to the full wide variety of shares.

A stock is a shape of protection that indicates the holder has proportionate possession inside the issuing company and is bought predominantly on stock exchanges. companies difficulty stock to raise budget to operate their businesses. There are most important kinds of stock: commonplace and favored.

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a firm's current profits are $900,000. these profits are expected to grow indefinitely at a constant annual rate of 2 percent. if the firm's opportunity cost of funds is 4 percent, determine the value of the firm:

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The value of firm is $45,000,000

PV = $900,000 / (0.04 - 0.02) = $45,000,000

The PV after paying out current profits is

$45,000,000 - $900,000 = $44,100,000.

What is annual rate?

In the form of an annual percentage rate, the cost of borrowing money each year, including fees, is disclosed (APR).Due to the fact that it accounts for both interest rates and application fees, the annual percentage rate (APR) provides a more complete reflection of the cost of borrowing money to you.

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what matters more in today’s business is not so much the traditional factors of but knowledge and information. answer unselected production unselected finance unselected sales unselected marketing unselected i don't know yet

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What matters more in today's business is not so much the traditional factors of production but marketing and sales knowledge and information.

In the only of phrases, marketing is constructing the focus of your company and logo to capability customers. Income is popping that viewership into a profit, with the aid of changing those potential customers into real ones. To dive deeper into the difference between sales and advertising, right here are some key takeaways.

In simple words, promoting transforms the goods into cash, however advertising is the technique of serving and pleasant customer needs. The marketing technique consists of making plans of a product's and carrier's charge, merchandising and distribution.

With entry from the income crew, sales and marketing can devise a method to seamlessly shipping the patron thru the entire buying cycle, from awareness proper right down to finalizing the sale.

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on november 7, mura company borrows $160,000 cash by signing a 90-day, 8%, $160,000 note payable. 1. compute the accrued interest payable on december 31. 2.

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The accrued interest that will be payable will be $1893. Amount of note payable $160,000, interest on note payable 8%. The number of days of note payable is 90 days.

Accrued interest will be the Principal amount × Interest Rate × Time period.

Accrued interest will be 160,000 × 8/100×54/365

Accrued interest will be $1893.

Mura Company issued the note payable as it wanted cash of $160,000. the accrued interest will be calculated for the period for which the interest was due. The period will be from November 7 to December. So that will be 31 days of December and (30-7) 23 days of November.

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(a) what criteria might chobani use when it seeks markets in new countries and (b) what three or four countries meet these criteria?

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A) focusing on the nations where you can assault the market

B) Canada, Cuba, Puerto Rico, and other nearby nations

People's palates, the food of other cultures, and the existence of a market in the area are all taken into consideration. Sometimes a market is simply too big. Europeans, who consume about five or six times as much yogurt as Americans, provide as an illustration of this. Since there haven't been any manufacturers or goods that have dominated that region, I would advise focusing on the nations where you can assault the market.

They might consider looking at Canada, Cuba, Puerto Rico, and other nearby nations as they might gradually extend out, making it a little less dangerous.

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despite their occasionally adversarial relationship, the product and marketing teams collaborated successfully on the launch. on fridays, he prepares the weekly financial summaries for his supervisor and followed up on any outstanding invoices.

Answers

The offered statement is both true and well-suited to the paragraph, which is the proper response.

What is Financial statements?

Financial statements (also known as financial reports) are official records of a person, business, or other entity's financial operations and condition.

The presentation of relevant financial data is done in a methodical manner and in an easy-to-understand format. They typically contain a management commentary and analysis along with four fundamental financial statements.

For large firms, these statements could be complicated and contain a substantial number of management discussion and analysis notes as well as the financial statements' extensive footnotes.

Each line item on the balance sheet, income statement, and cash flow statement is often further explained in the notes.

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at a price of $0.50 per gallon, as the amount of gasoline people are willing and able to buy the amount of gasoline gas stations are willing and able to sell.

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at a price of $0.50 per gallon, there will be shortage as the amount of gasoline people are willing and able to buy exceeds the amount of gasoline gas stations are willing and able to sell.

What is a shortage?

A shortage is an occurrence in the market where the quantity demanded exceeds the quantity supplied. A shortage usually occurs when the price of a good or service is below the average price or the equilibrium price.

Price is negatively related to quantity demanded and positively related to the quantity supplied. This means that when price falls to $0.50, quantity demanded increases and quantity supplied decreases. This would make the quantity demanded to overwhelm the quantity supplied and the result is a shortage.

When there is a prolonged period of shortage, the disequilibrium in the market would place an upward pressure on price. Price would begin to rise until equilibrium is restored in the market. When there is equilibrium, the quantity supplied is equal to the quantity demanded. On a graph, shortage is represented by the region below the equilibrium price.

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managing a supply chain is a fairly simple task. activities occur sequentially, customers know what they need, and the companies involved share common goals. group of answer choices true false

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Managing a supply chain is not a fairly simple task. activities occur sequentially, customers know what they need, and therefore the companies involved share common goals. So the answer will be FALSE.

What is a supply chain?

A supply chain is an entire system of producing and delivering a product or service, from the very beginning stage of sourcing the raw materials to the final delivery of the product or service to end-users. the supply chain lays out all aspects of the production process, including the activities involved at each stage, information that's being communicated, natural resources that are transformed into useful materials, human resources, and other components that go into the finished product or service.

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imagine that the nation has just entered an unexpected recession. place the following items in the order in which we would expect them to occur according to a textbook approach to monetary policy.

Answers

The order of the monetary policy are:

The Federal Reserve are the reduces the federal funds. Consumer interest are the lower or down. The company are the taking the loans. Economic system are the wealth higher.The Federal Reserve the increases the federal funds rate.

What is policy?

In a government or other entity in terms of a “policy” meaning be a framework, agreement, declaration, rule, practice, direction, or administrative decision.

The word monetary policy refers to the primary task of controlling the amount of money that is accessible in the economy.

The order was the arranged are:

The Federal Reserve reduces the federal funds rate objective.Consumer interest rates are falling or down. The number of loans taken out by firms and individuals is growing. Economic development is resuming. The Federal Reserve raises its objective for the federal funds rate.

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In the early 1890s, the average employee in the united states worked about how many hours per week?.

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In the early 1890s, the average employee in the United States worked approximately 100 hours per week.

Workers are part of the workforce. While the labor force is everyone who is involved or trying to be involved in productive activities that produce goods and services. Meanwhile, workers or working residents are people who work in any field for a salary or pay.

Based on the type of activity, workers can be divided into two types, including:

Spiritual Worker (Non-physical) Spiritual or non-physical workers are workers who in their work activities use more thought processes, ideas, ideas, and so on. For example, managers, secretaries, directors, and consultants.Physical Worker (Physical) Physical or physical workers are workers who in carrying out their work activities use physical or physical energy. For example, construction workers and public transport drivers.

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according to the bureau of labor statistics, indicated there will be a shortage of engineers by 2026 by 1.2 million

Answers

The Bureau of Labor records shows that by way of 2026, the shortage of engineers within the US will exceed 1.2M. As machine learning technologies unexpectedly grow, and 92% of companies boom their cloud workloads, the IT skills shortage maintains increasing.

The Bureau of labor information is a unit of the USA branch of hard work. it's miles the primary reality-finding organization for the U.S. government in the huge discipline of hard work economics and data and serves as a main agency of the U.S. Federal Statistical System.

The Bureau of labor statistics measures hard work market interest, working conditions, rate adjustments, and productivity in the U.S. financial system to guide public and personal decision-making.

The statistical reliability of the BLS salary statistics is ok for maximum metropolitan and non-metropolitan regions (as a minimum of 90 percent of areas). For a small percentage of regions, the BLS information is not as reliable.

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environmental performance indicators that are the critical success factors in a sustainability perspective include

Answers

Factors that are responsible for environmental performance indicators in a sustainability perspective include :

Operational indicators assess potential environmental strains.Management indicators assess attempts to mitigate environmental effects. Environmental condition indicators assess the quality of the environment.

What is Environmental Sustainability ?

Environmental sustainability is the obligation to conserve natural resources and protect global ecosystems for current and future health and well-being.

Because of how much energy, food, and man-made resources we consume every day, environmental sustainability is critical. Rapid population growth has increased agricultural and manufacturing, which has resulted in increased greenhouse gas emissions, unsustainable energy consumption, and deforestation.

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which approach to standard setting emphasizes the use of professional judgment when choosing how to account for a transaction?

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The  approach to standard setting emphasizes the use of professional judgment when choosing how to account for a transaction is  Principles-Based or Objective-oriented.

What does it mean to be principles-based?

A principles-based method is known to be one that tends to look into the group of principles that tend to specify the zeal of regulation, instead of  the group of rules detailing requirements of any kind of  financial institution.

Note that the  Principles-based Accounting Standards is one that is often regarded as those kind of rules set as well as the guidelines that organizations as well as firms need to  follow if they are said to be making financial reports.

Hence, The  approach to standard setting emphasizes the use of professional judgment when choosing how to account for a transaction is  Principles-Based or Objective-oriented.

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Quantitative management emphasizes the use of accounting to provide the needed internal controls related to inventory. True or false?.

Answers

Quantitative management emphasizes the use of accounting to provide the needed internal controls related to inventory. This statement is false.

What is Quantitative management?

It should be noted that quantitative management is the use of mathematical techniques to select stocks.

Professionals may arrange and comprehend statistics using quantitative procedures, which are research approaches used to examine quantitative data. This enables them to make wise decisions. It assists managers in creating information systems that convey information about activities taking place both inside and outside the firm.

In this case, Quantitative management emphasizes the use of mathematical and computer simulation.

Therefore, the information regarding accounting is false.

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a court issued a section 213 warrant in connection with the search of an envelope that had been mailed to a target of an investigation. the search confirmed that the target was operating a hawala money exchange that was used to funnel money to the middle east,

Answers

Sec. 213: Permits "sneak and peek" search warrants, which provide authorities the right to examine a residence or place of business without first informing the subject of the investigation.

What do you mean by the warrant?

A warrant is typically an order that acts as a particular kind of authorization; it is a writ issued by a competent officer, typically a judge or magistrate, that permits an otherwise unlawful act that would violate one's rights while also providing the person executing the writ with protection from harm should the act be carried out. A court will typically issue a warrant to a police officer, sheriff, or constable. Search warrants, arrest warrants, and execution warrants are some of the common types of warrants that courts issue.

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What is the difference between marginal cost and marginal revenue?

Marginal cost is the money earned from selling one more unit of a good. Marginal revenue is the money paid for producing one more unit of a good

Marginal cost is the money paid for producing one more unit of a good. Marginal revenue is the money earned from selling one more unit of a good.

Marginal cost is the money a producer might make from one more unit. Marginal revenue is the money a producer actually makes from one more unit.

Marginal cost is the money a producer actually makes from one more unit. Marginal revenue is the money a producer might make from one more unit.

Answers

The difference between marginal cost from marginal revenue is B. Marginal cost is the money paid for ... Marginal revenue is the money earned from ...

What is the Marginal cost?

The marginal cost arises when a producer or seller incurs additional costs for producing or selling one more unit.

For instance, if a seller sells ten units today, the marginal cost is the additional cost for producing or selling the 10th unit.

What is the Marginal Revenue?

The marginal revenue arises when a seller earns additional income for selling another unit of a product or service.

For example, when a seller sells ten units today, the marginal revenue is the additional income earned for selling the 10th unit.

Thus, Option B explains the difference between the marginal cost and the marginal revenue.

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actual notice is found by inspecting the property for visible claims, and constructive notice is found by searching public records.

Answers

This statement is true, actual notice is found by inspecting the property for visible claims, and constructive notice is found by searching public records.

Constructive notice aware is the prison fiction that means that someone or entity should have acknowledged, as an affordable individual could have, of a felony motion taken or to be taken, even supposing they haven't any actual information of it.

What is an example of constructive notice?

A high example is permitting service by using e-book when a partner has left the kingdom to avoid provider (criminal transport of a legal word) in a divorce motion. The prison commercial of the summons in an permitted newspaper is dealt with as constructive word, just as if the summons and petition had been served individually.

What are the conditions of constructive notice?

Constructive notice notice is understanding of those records which a court imputes on someone. If the instances indicate that a reasonably prudent character should have recognized a particular fact related to the transaction of transfer, then he will be deemed to understand it.

What is Constructive Notice in India?

Constructive notice, in its technical signification, is the criminal cognizance of a fact or statistics which the law imputes to a celebration. which means that the knowledge of information is deemed via the law and can or won't be clearly gift.

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1.
50% of college students are spending up to $20 everytime they dine out.
Based on this number, do you think it's good for your budget to dine out
3x a week? Explain your reasoning.
|
I

Answers

Answer:

yes but also no because $60 a week is kinda alot of money for a college student who might not have a job but it is their choice and it depends if they make money

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