Forced distribution method, also known as forced ranking, is a performance management system that ranks employees on the basis of their performance. It is used to determine which employees should be promoted or given a pay raise.
This method requires the manager to rate each employee based on a pre-defined scale and rank them from best to worst performers. I believe that the use of forced distribution methods to rate employees is not an ideal way to evaluate the performance of an employee. This method may lead to several problems such as demotivation of employees, favoritism, and bias. The use of this method can be considered as a harsh and demotivating way of evaluating the employees' performance.
Employees will be ranked based on their performance, and there will always be someone who is at the bottom of the ranking. This may lead to a demotivated workforce who might feel neglected and undervalued. Moreover, it is an effective way to identify the training needs of employees, as it highlights the areas where an employee needs to improve. The feedback is provided anonymously, which encourages employees to be honest and transparent in their feedback. As a result, it provides a more accurate and comprehensive evaluation of an employee's performance. In conclusion, the use of forced distribution methods to rate employees is not an ideal way to evaluate the performance of an employee. Instead, companies should use a performance management system that is fair, objective, and transparent, such as 360-degree feedback.
To learn more about distribution, visit:
https://brainly.com/question/30467880
#SPJ11
Question 5 Asset Register and Disposal of asset.. Q1. Asset Register and Disposal of Asset As part of her aim to grow the business Jane has decided to expand her market and started producing and wholesaling her own range of candles. From the information you are required to: Prepare a register of property, plant and equipment from the fixed asset transactions (provided below) Determine method of calculating depreciation Maintain asset register and associated depreciation schedule Prepare the general journal entries to record the disposal of the equipment All work must be carried out in accordance with Jane’s Design Worlds policies and procedures which are available in Canvas You must include your depreciation calculations in the space provided. (round all calculations to the nearest whole dollar)
AASB 116's primary requirements;(a) specifies the conditions for the assets of property, plant, and equipment to be recognized, (b) establishes guidelines for the depreciation of assets such as property, plant, and equipment;(c) mandates that AASB 136's Impairment of Assets rules be applied to all property, plant, and equipment assets;
In order for consumers of the financial report to understand information regarding an entity's investment in its property, plant, and equipment as well as changes to that investment, this Standard specifies the accounting treatment for property, plant, and equipment.
The identification of the assets, determining their carrying values, and determining the depreciation and impairment losses to be Assets recorded in connection to them are the main accounting concerns for property, plant, and equipment.
I can only respond to one question per Homework Help's rules, so please submit further questions individually.
I had already offered my knowledge on the subject.
Learn more about Assets, from :
brainly.com/question/14826727
#SPJ4
A- A firm is deciding between two different sewing machines. Technology A has fixed costs of $840 and marginal costs of $60 whereas Technology B has fixed costs of $540 and marginal costs of $110. At what quantity is the firm indifferent between the two technologies?
B- Suppose a firm's total expected costs at each quantity are given by the function:
C(q) = 32000 + 60 q - 1.5 q2 + .05 q3
What is the formula for marginal cost?
The answers are:
A. To determine the quantity at which the firm is indifferent between the two technologies, we need to compare the total costs of each technology at different quantities.
For Technology A:
Total cost = Fixed cost + (Marginal cost * Quantity)
Total cost = $840 + ($60 * Quantity)
For Technology B:
Total cost = Fixed cost + (Marginal cost * Quantity)
Total cost = $540 + ($110 * Quantity)
To find the quantity at which the firm is indifferent, we set the total costs of both technologies equal to each other and solve for Quantity:
$840 + ($60 * Quantity) = $540 + ($110 * Quantity)
Simplifying the equation:
$840 - $540 = ($110 * Quantity) - ($60 * Quantity)
$300 = $50 * Quantity
Quantity = $300 / $50
Quantity = 6
Therefore, the firm is indifferent between the two technologies at a quantity of 6.
B. The formula for marginal cost can be found by taking the derivative of the total cost function concerning quantity.
Given the total cost function: C(q) = 32000 + 60q - 1.5q^2 + 0.05q^3
To find the marginal cost, we need to take the derivative of the total cost function concerning q:
Marginal cost = dC(q)/dq = 60 - 3q + 0.15q^2
So, the formula for marginal cost is Marginal cost = 60 - 3q + 0.15q^2.
Learn more about marginal cost at: https://brainly.com/question/14923834
#SPJ11
Suppose the supply and demand equation are given as follow: Demand: \( Q d=149-4^{*} p \) Supply: Qs=14+3* What's the equilibrium price? (Hint: enter your answer in 2 decimal places) Your Answer: Answ
The equilibrium price is 19 as per the information provided through the calculation.
Equations provided are, Demand: Qd = 149 - 4p
Supply: Qs = 14 + 3p
The equilibrium price is the price at which the supply and demand curves intersect or meet. At this point, the quantity demanded by consumers is equal to the quantity supplied by producers, and the market is said to be in equilibrium.
Therefore, the equilibrium price is obtained by equating Qd and Qs and solving for p. So,149 - 4p = 14 + 3p
Collect like terms,149 - 14 = 3p + 4pp = (149 - 14)/7 = 19
Therefore, the equilibrium price is p = 19.
Thus, the equilibrium price is 19.
To learn more about equilibrium price, here:
https://brainly.com/question/29099220
#SPJ11
The Boston Toy Corporation (BTC) currently uses an injection moulding machine that was purchased two years ago. This machine is being depreciated on a straight line basis towards a K5000 salvage value, and it has six years of remaining life. Its current book value is K26000, and it can be sold at K30000 at this point. BTC is offered a replacement machine which has a cost of K80000, an estimated useful life of six years, and an estimated salvage value of K8000. The replacement machine would permit an output expansion, so that sales would rise by K10 000 per year, even so, the new machine with much greater efficiency would still cause operating expenses to decline by K15000 per year. The new machine would require that inventories be increased by K20000 and accounts payable would simultaneously increase by K5000. BTC's effective tax rate is 46% and its cost of capital is 15%. Required By using the Net Present Value Technique, determine whether BTC should replace the old machine.
Since the NPV is positive, it indicates that the project should be accepted and BTC should replace the old machine.
How to find?The new machine has a cost of K80000 and an estimated useful life of six years with an estimated salvage value of K8000.
The replacement machine will cause an output expansion, increasing sales by K10,000 per year and a decline in operating expenses by K15000 per year.
The new machine would require that inventories be increased by K20000 and accounts payable would simultaneously increase by K5000.
BTC's effective tax rate is 46% and its cost of capital is 15%.Now we need to calculate the Net Present Value (NPV) of the investment.
Calculation
We will use the following formula for calculating the NPV of the investment:
NPV = (Σ(Ct/(1+r)t)) - Co
NPV = Net Present Value
Σ = the sum of
Ct = net cash inflow during the period
tr = the expected net cash inflow in period
rCo = the total initial investment
r = the discount rate (cost of capital).
Here, Initial investment = K80000 − K30000 + K20000 − K5000
= K95000.
Year Cash flows Discount factor (15%) Present value0 -95000 1.0000 -950001 5000 0.8696 43481.2 10000 0.7561 7561 10000 0.6575 6575 10000 0.5718 5718 10000 0.4972 4972 18000 0.4329 7792.2
Net present value = K22,820.4 (rounded off to the nearest K).
The NPV of the investment in the new machine is K22,820.4.
Since the NPV is positive, it indicates that the project should be accepted.
Therefore, BTC should replace the old machine.
To know more on investment visit:
https://brainly.com/question/15105766
#SPJ11
The six-month and one-year zero rates are both 10% per annum. For a bond that has a life of 18 months and pays a coupon of 8% per annum (with semiannual payments and one having just been made), the yield is 10.4% per annum. What is the bond’s price? What is the 18-month zero rate? All rates are quoted with semiannual compounding.
The bond's price is $2,004.38, and the 18-month zero rate is approximately 11.6% per annum.
To calculate the bond's price, we need to determine the present value of its cash flows. The bond pays a coupon of 8% per annum, with semiannual payments. Since the coupon has already been paid, there are three remaining coupon payments of $20 each ($1,000 * 8% * 0.5). We discount these cash flows using the semiannual zero rates.
The present value of the three coupon payments can be calculated as follows:
PV = (20 / (1 + (0.1 / 2))) + (20 / (1 + (0.1 / 2))^2) + (20 + 1,020 / (1 + (0.1 / 2))^3)
≈ 18.18 + 16.53 + 1,026.98
≈ $1,061.69
Next, we need to calculate the present value of the bond's face value. The face value of the bond is $1,000, and it will be received in 18 months. We discount the face value using the 18-month zero rate.
The present value of the face value can be calculated as follows:
PV = 1,000 / (1 + (r / 2))^3
= 1,000 / (1 + (0.104 / 2))^3
≈ 1,000 / 1.06169
≈ $942.69
Finally, we sum the present values of the cash flows to find the bond's price:
Bond Price = PV of coupons + PV of face value
= $1,061.69 + $942.69
= $2,004.38
To calculate the 18-month zero rate, we use the bond's price formula with the known values and solve for the rate:
2,004.38 = 1,000 / (1 + (r / 2))^3
(1 + (r / 2))^3 ≈ 1.00038
(1 + (r / 2)) ≈ 1.00038^(1/3)
r / 2 ≈ (1.00038^(1/3) - 1)
r ≈ 2 * ((1.00038^(1/3) - 1))
r ≈ 0.116
Therefore, the 18-month zero rate is approximately 11.6% per annum.
The bond's price is $2,004.38, and the 18-month zero rate is approximately 11.6% per annum. This means that an investor would be willing to pay $2,004.38 to purchase the bond, considering the future cash flows and the prevailing interest rates.
To know more about Price, visit
https://brainly.com/question/27815322
#SPJ11
You just won the lottery for $1 million. When you go to the government office to pick up your check, they tell you the $1 million is payable in 20 annual payments of $50,000 and you can receive your first check today. Alternatively, if you want "all cash" now, you can accept a one-time payment of $745,700. Obviously, the government has an implied discount rate built in this structure. What is the implied discount rate?
Ch3 a. 3.23 b. 3.30 c. 3.04 d. 2.97
After performing the necessary calculations, the implied discount rate is approximately 3.30 percent, rounded to two decimal places. Thus, the correct answer to this question is option B) 3.30..
The present value of an annuity refers to the current worth of a series of cash flows received at regular intervals. When money is expected to be received in the future, its value is lower than if it were received immediately due to the opportunity cost associated with waiting for payment. To calculate the present value of an annuity, the discounted cash flow approach is utilized, considering that future cash flows hold less value compared to current cash flows.
The formula for calculating the present value of an annuity is given as:
PV = Payment x [1 - (1 + r)^(-n)] / r
In this equation:
PV represents the present value of the annuity,
Payment refers to the payment amount,
r denotes the implied discount rate for the series of payments,
n represents the number of payments.
Applying this formula to the scenario, we can determine the present value of the 20 annual payments:
PV = $50,000 x [1 - (1 + r)^(-20)] / r
To find the implied discount rate for the 20 payments, we can use the present value of the annuity equation:
$745,700 = $50,000 x [1 - (1 + r)^(-20)] / r
After performing the necessary calculations, the implied discount rate is approximately 3.30 percent, rounded to two decimal places.
Hence, the right one is option B) 3.30.
Learn more about cash flows
https://brainly.com/question/30066211
#SPJ11
Some bureaucracies internationally consider bribery to be a standard aspect of doing business. For international firms doing business in these countries, the frequent expectation of bribes can create a difficult ethical situation. Should businesses engage in bribery in countries where it is expected? How could failing to do so impact the business?
Businesses can take proactive steps to mitigate the impact of not engaging in bribery. This includes conducting thorough due diligence on local laws and regulations, developing strong relationships with local partners, engaging in transparent business practices, and advocating for anti-corruption measures within the countries they operate in.
The issue of bribery in international business is indeed a complex and ethically challenging topic. While some bureaucracies may consider bribery to be a standard aspect of doing business, it is important to note that engaging in bribery is illegal in most countries and can have serious consequences.
As for whether businesses should engage in bribery in countries where it is expected, the answer is no. Engaging in bribery not only violates legal and ethical standards but can also harm the reputation and credibility of the business. Additionally, it may lead to legal troubles and damage relationships with stakeholders, such as customers, employees, and investors.
Failing to engage in bribery in countries where it is expected can have negative impacts on the business. For example, it may result in lost business opportunities, difficulties in navigating bureaucratic processes, and strained relationships with local partners or officials. However, it is crucial for businesses to prioritize ethical behavior and seek alternative strategies to navigate these challenges.
To learn more about bribery, visit:
https://brainly.com/question/472198
#SPJ11
You view Polaris at an altitude of 27 degrees and an azimuth of 40 degrees. What is your location on the Earth?
60 degrees S latitude
27 degrees N latitude
27 degrees S latitude
63 degrees N latitude
40 degrees N latitude
An observer at 27 degrees N latitude would be able to see Polaris at an altitude of 27 degrees, but the azimuth angle of 40 degrees is irrelevant in determining the observer's location. The answer is 27 degrees N latitude.
You view Polaris at an altitude of 27 degrees and an azimuth of 40 degrees.
The given altitude and azimuth angles of the star Polaris can be used to determine the observer's latitude and longitude. Polaris is the closest star to the north celestial pole, which means that its altitude angle is equivalent to the observer's latitude. The given altitude of 27 degrees indicates that the observer is located at a latitude of 27 degrees N latitude.
An observer at 27 degrees N latitude would be able to see Polaris at an altitude of 27 degrees, but the azimuth angle of 40 degrees is irrelevant in determining the observer's location. Therefore, the answer is 27 degrees N latitude.
To learn more about latitude, visit:
https://brainly.com/question/1483369
#SPJ11
Required information Problem 02-18 Excel Exercise Parts 1 and 2 From California to New York, legislative bodies across the United States are considering eliminating or reducing the surcharges that banks impose on noncustomers, who make $10 million in withdrawals from other banks' ATM machines. On average, noncustomers earn a wage of $22 per hour and pay ATM fees of $3.50 per transaction. It is estimated that banks would be willing to maintain services for 4 million transactions at $1.00 per transaction, while noncustomers would attempt to conduct 20 million transactions at that price. Estimates suggest that, for every 1 million gap between the desired and available transactions, a typical consumer will have to spend an extra minute traveling to another machine to withdraw cash. Suppose there is legislation that would place a $1.00 cap on the fees banks can charge for noncustomer transactions. Problem 02-18 - Excel Exercise Part 2 of 2 Assume that the information from the problem changed to the following: Instruction: Update the data in your spreadsheet to the values above and enter the recomputed answers for the original questions. Required: 1. What is the nonpecuniary cost of this legislation? Instruction: Enter your response rounded to two decimal places. 2. What is the full economic price of this legislation? Instruetion: Enter your response rounded to two decimal places.
1. Nonpecuniary cost of the legislation
The nonpecuniary cost of this legislation refers to the increased travel time consumers have to spend traveling to another machine to withdraw cash if there is a 1 million gap between the desired and available transactions.
Estimates suggest that a typical consumer will have to spend an extra minute traveling for every 1 million gap between the desired and available transactions.
2. Full economic price of the legislation
The full economic price of this legislation refers to the sum of the cost savings for noncustomers and the costs imposed on banks. The cost savings for noncustomers is equal to the difference between the initial fee of $3.50 per transaction and the new fee of $1.00 per transaction, multiplied by the number of transactions that would occur at the new fee.
The cost imposed on banks is equal to the difference between the initial fee of $3.50 per transaction and the new fee of $1.00 per transaction, multiplied by the number of transactions that would not occur at the new fee. The full economic price of this legislation is equal to the cost savings for noncustomers minus the cost imposed on banks.
Learn more about full economic price: https://brainly.com/question/30468574
#SPJ11
Apatite Augite Bauxite Biotite Calcite Chlorite Corundum Dolomite Fluorite Galena Garnet Graphite Gypsum Halite Hematite Hornblende Limonite Magnetite Muscovite Olivine Orthoclase Plagioclase Pyrite Quartz Talc An unknown sample of a common rock-forming mineral exhibits the physical properties shown below in bold. Identify this mineral based on these physical properties, and select the best answer from the pulldown menu. softer than a #2 pencil, greasy luster
The mineral that exhibits the physical properties of being softer than a #2 pencil and having a greasy luster is likely to be graphite.
Graphite is a form of carbon with a unique layered structure that gives it its characteristic properties. Its softness, even softer than a #2 pencil, is due to the weak bonds between the layers, allowing them to slide easily. This softness makes graphite an ideal material for use in pencils and lubricants.
Graphite's greasy or oily appearance is a result of its ability to leave a mark on surfaces, like paper, due to the transfer of thin layers of carbon. This property is also responsible for its use as a lubricant in various applications.
In terms of its composition, graphite consists entirely of carbon atoms arranged in a hexagonal lattice structure. It is a common mineral found in metamorphic rocks, particularly in graphite schist, and is also formed during the metamorphism of organic materials.
The combination of being softer than a #2 pencil and having a greasy luster strongly suggests that the unknown mineral is graphite.
Learn more about Graphite here:
https://brainly.com/question/11095487
#SPJ4
Bobby’s Burgers, a smaller restaurant, is attempting to have new customers become aware of the restaurant and its burgers. Which of the following would be the best traditional advertising method for Bobby’s Burgers to employ?
Group of answer choices
a Banner ads
b Sponsored website takeover
c Email marketing
Since Bobby’s Burgers is a smaller restaurant that wants to have new customers become aware of the restaurant and its burgers, the best traditional advertising method for Bobby’s Burgers to employ would be a Banner ads.
Advertising is an essential part of any business, and it is how businesses communicate with the public. Traditional advertising methods are those that have been around for a long time and have been effective. These methods include print ads, radio ads, and television ads. Banner ads, which are a form of print ads, are one of the best traditional advertising methods for Bobby’s Burgers to employ.
They are digital advertising that is displayed within a website or mobile app. Banner ads help to create brand awareness by providing a visual representation of the business. They are effective because they allow businesses to reach a large audience in a short amount of time.
Additionally, they are usually affordable and easy to implement, which makes them a popular choice for small businesses like Bobby’s Burgers.
To learn more about advertising, visit:
https://brainly.com/question/32251098
#SPJ11
On December 31, 2020, SSNIT and SIC (non-life) entered into a six year swap arrangement with first payment to be exchanged on December 31st, 2022 and each December 31st thereafter under the following terms: • SIC will pay SSNIT an amount equals to 5% per annum on a notional principal of US$50 million. (FIXED Amount) • SSNIT will pay SIC an amount equals to one-year LIBOR +1.25% per annum on a notional amount of US$50 million. (Flexible Amount).
• On 31st December 2022, one-year LIBOR is projected to be 2.75%.
I. What will be the payment flows for the first year, December 31st?
II. In the second year, assume LIBOR increased by 0.75% to 3.50%. What will be the payment flows on December 31st 2023?
III. Assume that in the third, LIBOR decreased by 2% +1 in June 2023. What will be the payment flows on December 31at 2023?
I. On December 31st of the first year, SSNIT will receive a fixed payment of US$2.5 million from SIC, and SSNIT will make a flexible payment of US$1.5 million to SIC.
II. On December 31st, 2023, SSNIT will receive a fixed payment of US$2.5 million from SIC, and SSNIT will make a flexible payment of US$2.375 million to SIC.
III. On December 31st, 2023, SSNIT will receive a fixed payment of US$2.5 million from SIC, and SSNIT will make a flexible payment of US$0.625 million to SIC.
I. Payment Flows for the First Year, December 31st:
The payment flows for the first year, December 31st, can be calculated as follows:
SSNIT will receive a fixed amount of 5% per annum on a notional principal of US$50 million. Therefore, the fixed payment SSNIT will receive is:
Fixed payment = 5% of US$50 million = US$2.5 million
SSNIT will pay SIC an amount equal to one-year LIBOR + 1.25% per annum on a notional amount of US$50 million. The LIBOR rate for the first year, December 31st, is projected to be 2.75%. Therefore, the flexible payment SSNIT will make is:
Flexible payment = 2.75% + 1.25% of US$50 million = US$1.5 million
II. Payment Flows on December 31st, 2023:
In the second year, assuming the LIBOR rate increased by 0.75% to 3.50%, the payment flows on December 31st, 2023, can be calculated as follows:
The fixed payment that SSNIT will receive remains the same at US$2.5 million.
The LIBOR rate for the second year is 3.50%. Therefore, the flexible payment SSNIT will make is:
Flexible payment = 3.50% + 1.25% of US$50 million = US$2.375 million
III. Payment Flows on December 31st, 2023:
Assuming LIBOR decreased by 2% + 1 (June 2023), the LIBOR rate for December 31st, 2023, would be -0.25%. However, LIBOR rates cannot be negative. Therefore, we assume the LIBOR rate to be zero.
The fixed payment that SSNIT will receive remains the same at US$2.5 million.
The LIBOR rate for the third year is zero. Therefore, the flexible payment SSNIT will make is:
Flexible payment = 0% + 1.25% of US$50 million = US$0.625 million
To know more about Payment, visit
https://brainly.com/question/26049409
#SPJ11
Brad would like to be able to withdraw from his account $3,000 in one year, $2,000 in 2 years, and 1,000 in 3 years. He earns 3% rate of interest in his account. How much money does Brad need to put into this account today?
Brad needs to put $8,606.12 into his account today as per the information provided.
The formula to find the present value of an annuity is given by,PV = (Pmt / r) × [1 - 1 / (1 + r)ⁿ]
Where PV is the present value of an annuity, Pmt is the annuity payment, r is the interest rate per period, and n is the number of periods in which the annuity is received.
The annuity payments to Brad are $3,000 in one year, $2,000 in 2 years, and 1,000 in 3 years. Therefore, Brad needs to invest an amount that is equivalent to the present value of this annuity.The rate of interest per period is 3%.
We need to convert this into an effective annual interest rate, so that it can be used in the formula.Using the formula, i = (1 + r / n)ⁿ - 1, we get:i = (1 + 0.03 / 1)¹ - 1i = 0.03 or 3%The effective annual interest rate is 3%.Substituting the values in the formula,PV = ($3,000 / 0.03) × [1 - 1 / (1 + 0.03)¹] + ($2,000 / 0.03) × [1 - 1 / (1 + 0.03)²] + ($1,000 / 0.03) × [1 - 1 / (1 + 0.03)³]PV = $8,606.12
Therefore, Brad needs to put $8,606.12 into his account today.
To learn more about present value, here:
https://brainly.com/question/28304447
#SPJ11
the cost of a human resource which takes into consideration more than just his/her salary or hourly rate , for things such as benefits vaction, holidays , etc is ??
The cost of a human resource which takes into consideration more than just his/her salary or hourly rate, for things such as benefits, vacation, holidays, etc is known as the Total Employee Cost (TEC).
Total Employee Cost (TEC) is a calculation that includes the direct and indirect costs of employing a person, in addition to the person's salary or hourly wage.
Some of the costs included in the calculation of TEC are listed below: Salaries and wages, Paid vacation days, Sick leave and personal time off, Medical and dental insuranceLife and disability insurance, Pension and retirement plans, Stock options and bonuses, and Employee assistance programs.
The TEC calculation also considers indirect expenses such as human resources personnel and systems, recruiting, training, and administrative support. Organizations utilize the TEC calculation to plan for their workforce and control staffing costs. TEC is often used to evaluate the expense of individual workers and groups of workers.
To learn more about Total Employee Cost
https://brainly.com/question/14456597
#SPJ11
Since you believe that Bitcoin’s price currently at 45,000$ will stay rangebound until the end of the year, you decide to sell one 48,000$ straddle for 12,000$. On expiry unfortunately the market has risen and reached 55,000$ what is the outcome of this trade?
· A gain of 2 000$
· A gain of 5 000$
· A loss of 2 000$
· A loss of 1 000$
· 0 as I can get out of this trade if it starts loosing money
If market has risen, reached $55000, then the outcome of this trade is : (b) gain of $5000.
A straddle is defined as options strategy where the trader sells both put option, call option with same strike-price and expiration-date. In this case, trader sold straddle with strike price of $48,000 and received premium of $12,000.
Since the market price of Bitcoin at expiry is $55,000, which is above strike price, both put and call options will expire out of money. This means that trader gets to keep entire premium of $12,000 as profit.
So, outcome of this trade is gain of $5,000 ($12,000 premium - $7,000 difference between market price and the strike price).
Therefore, the correct option is (b).
Learn more about Trade here
https://brainly.com/question/11659107
#SPJ4
The given question is incomplete, the complete question is
Since you believe that Bitcoin’s price currently at 45,000$ will stay rangebound until the end of the year, you decide to sell one 48,000$ straddle for 12,000$. On expiry unfortunately the market has risen and reached 55,000$ what is the outcome of this trade?
(a) gain of $2000,
(b) gain of $5000,
(c) loss of $2000,
(d) loss of $1000.
There is an assembly line balancing problem with nine tasks (A,
B, C, D, E, F, G, H, and I) to be assigned to workstations, with
intent to minimize the idle time, given the throughput rate of 275
unit
Assembly line balancing is a problem that requires assigning tasks to workstations while minimizing the idle time, given the throughput rate.
There are nine tasks A, B, C, D, E, F, G, H, and I, and the throughput rate is 275 units. The goal is to distribute these tasks across the assembly line such that the total idle time is minimized. Various methods can be used to solve the assembly line balancing problem. These include the Ranked Positional Weight (RPW) method, the Continuous Parallel Operations (COP) method, and the Helgeson-Birnie (HB) method.
However, for the nine tasks in this problem, the RPW method would be most appropriate. RPW involves computing the workload of each task and the cycle time for each workstation. The RPW is then calculated for each task by dividing the workload by the cycle time.
The task with the highest RPW is then assigned to the first workstation, and the remaining tasks are assigned to subsequent workstations in descending order of RPW.
To know more about balancing visit:
https://brainly.com/question/27154367
#SPJ11
Puzzle Company uses a job order costing system. The company's executives estimated that direct labor would be $132,000 (12,000 hours at $11/hour) and that estimated factory overhead would be $528,000 for the current period. At the end of the period, the records show that there had been 18,000 hours of direct labor and $700,000 of actual overhead costs. Using estimated direct labor dollars as a base, what was the predetermined overhead rate?
The predetermined overhead rate for the Puzzle Company is $4 per direct labor dollar.
Job Order Costing System : A job order costing system is a process that companies use to allocate the production cost of a specific product or service based on the number of goods produced.
Direct materials, labor costs, and overhead expenses are tracked by a job order costing system, allowing for a thorough understanding of production expenses.
Predetermined Overhead Rate (POHR) is a production overhead calculation that estimates the amount of overhead expense to be charged to each good produced during an accounting cycle.
Estimated overhead costs= $528,000
Estimated direct labor hours= 12,000 hours
Estimated direct labor costs= 12,000 × $11/hour
= $132,000
POHR= Estimated overhead costs/ Estimated direct labor cost
= $528,000/$132,000
= $4 per direct labor dollar
Know more about the overhead rate
https://brainly.com/question/26372929
#SPJ11
1. Returned 20 widget product units (that were purchased on account) to the vendor who adjusted our bill
2. Sold 280 widget product units for $16 each for cash to Marsha Brady 15.
3. Sold 250 widget product units for $16 on account to Greg Brady.
4. Received $80 in advance from a customer who expects to purchase items from us in the near future .
Register every transaction in the journal Entry.
1. Return of 20 widget units: Debit Accounts Payable, Credit Vendor Adjustment.
2. Cash sale of 280 widget units to Marsha Brady: Debit Cash, Credit Sales Revenue.
3. Sale of 250 widget units on account to Greg Brady: Debit Accounts Receivable, Credit Sales Revenue.
4. Receipt of $80 in advance: Debit Cash, Credit Unearned Revenue.
1. Journal Entry: To record the return of 20 widget product units to the vendor and adjustment of the bill.
Date | Account Titles | Debit | Credit
----------------------------------------------
[Date] | Accounts Payable | $[Amount] |
| Vendor Adjustment | | $[Amount]
2. Journal Entry: To record the sale of 280 widget product units for $16 each in cash to Marsha Brady.
Date | Account Titles | Debit | Credit
----------------------------------------------
[Date] | Cash | $[Amount] |
| Sales Revenue | | $[Amount]
3. Journal Entry: To record the sale of 250 widget product units for $16 each on account to Greg Brady.
Date | Account Titles | Debit | Credit
----------------------------------------------
[Date] | Accounts Receivable | | $[Amount]
| Sales Revenue | | $[Amount]
4. Journal Entry: To record the receipt of $80 in advance from a customer.
Date | Account Titles | Debit | Credit
----------------------------------------------
[Date] | Cash | $[Amount] |
| Unearned Revenue | | $[Amount]
Note: In the journal entries, the specific amounts and account titles should be filled in based on the actual values and account names used in the company's accounting system.
learn more about "Revenue":- https://brainly.com/question/25102079
#SPJ11
how can I mark total net benefit from total benefit and cost curve?
To mark total net benefit from total benefit and cost curve, we can follow the following steps:Step 1: Construct the total benefit and total cost curve.
Total benefit is represented as a positively sloped curve and total cost is represented as a positively sloped curve. The point of intersection of these two curves represents the equilibrium level of output where total benefit is equal to total cost.
The output level at this point is the efficient level of production and it is represented as the socially optimal level of production. The level of output at this point is marked as Q* on the horizontal axis.Step 2: At the point Q* on the horizontal axis, draw a vertical line to meet the total benefit curve.
Mark this point as P* on the vertical axis. Similarly, draw a vertical line from the point Q* on the horizontal axis to meet the total cost curve. Mark this point as C* on the vertical axis.Step 3: Subtract the total cost at the efficient level of production from the total benefit at the efficient level of production.
To know more about curve visit:
https://brainly.com/question/32496411
#SPJ11
Analyzing the effects of imposing a tariff (Trump’s proposal). Consider an open
economy with an importable good purchased by the representative consumer who has a utility
function U = U(Cm, l). The economy produces only an exportable good via the production
function Yx = zF(K,Nd). The consolidated budget constraint is Cm = w(h − l) + π − T.
Profits are given by π = pxYx − wNd, where px denotes the terms of trade, i.e., the relative
price of exportable goods in terms of importable goods. In this one-period economy we have
balanced trade, that is, NX = pxYx − C − G = 0. Note that values are expressed in units of
the importable good. The government, as usual, balances its budget (G = T). Now, assume
that the government imposes a tariff 0 < τ < 1 to importable goods, so the new constraint is
(1+τ )Cm = w(h−l)+π −T. The government balances a new budget constraint G = T +τCm.
Assuming that the substitution effect dominates the income effect, does this trade policy create
more employment and welfare? Explain and provide a graph
Analyzing the effects of imposing a tariff, specifically Trump's proposal, on an open economy with importable goods and exportable goods can be done by considering the utility function, production function, and budget constraints.
In this one-period economy with balanced trade (NX = 0), the representative consumer's utility function is U = U(Cm, l), where Cm represents consumption of the importable good and l represents leisure. The economy produces only an exportable good using the production function Yx = zF(K, Nd), where z represents productivity, K represents capital, and Nd represents labor. The consolidated budget constraint is Cm = w(h - l) + π - T, where w represents the wage rate, h represents total time endowment, π represents profits, and T represents taxes. Profits are given by π = pxYx - wNd, where px represents the terms of trade (relative price of exportable goods in terms of importable goods). Now, let's assume that the government imposes a tariff 0 < τ < 1 on importable goods. The new constraint becomes (1+τ)Cm = w(h - l) + π - T and the government balances its new budget constraint with G = T + τCm. To analyze the effects on employment and welfare, we need to consider the substitution effect and income effect. If the substitution effect dominates the income effect, then the trade policy could potentially create more employment and welfare. To visualize this, we can use a graph. On the horizontal axis, we can represent the quantity of labor (Nd), and on the vertical axis, we can represent the wage rate (w). With the imposition of the tariff, the new budget constraint shifts outward, indicating an increase in the consumption of the importable good. This leads to an increase in profits (π) and potentially higher wages (w) as well. If the substitution effect dominates, the wage rate could increase further due to the higher demand for labor. This would lead to more employment and potentially higher welfare. However, it is important to note that this analysis assumes that the substitution effect dominates the income effect. The actual impact on employment and welfare would depend on various factors such as the magnitude of the tariff, the elasticity of demand for the importable good, and the response of the economy to the trade policy.
Learn more about the Trade policy :
https://brainly.com/question/30099657
#SPJ11
Wednesday of this week, in at least.75-words, respond to the following in a post to this discussion: - If you were to start a business and had the choice of fimited partnership, limited liability company, or limited liability partnership, which option would you choose and whir?
If I were to start a business, I would choose the limited liability company (LLC) option due to its advantages, such as limited liability protection, ease of setup and maintenance, flexible tax options, pass-through taxation, and the option for corporate taxation.
A limited liability company (LLC) is a business structure that provides limited liability protection to its owners while offering the advantages of a partnership or sole proprietorship. Here are the main advantages of choosing an LLC for a new business:
1. Limited Liability Protection: One of the primary benefits of an LLC is limited liability protection. This means that the personal assets of the owners (also known as members) are generally safeguarded in case the company faces legal or financial liabilities. The members' liability is limited to their investment in the company, protecting their personal assets.
2. Ease of Setup and Maintenance: Compared to corporations, LLCs have fewer formalities and paperwork requirements, making them relatively easy to set up and maintain. This aspect is advantageous for new business owners who may prefer a business structure with less administrative burden.
3. Flexible Tax Options: LLCs have the flexibility to choose their tax classification, allowing them to select the most advantageous tax treatment for their specific circumstances. By default, an LLC is treated as a pass-through entity for tax purposes. This means that the company's profits and losses pass through to the owners' personal tax returns, avoiding double taxation at the entity level.
4. Pass-through Taxation: Pass-through taxation is a significant benefit of an LLC. It allows the LLC's income to be taxed only once, at the individual level of the owners. This avoids the double taxation that can occur in certain corporate structures, where the entity is taxed at the corporate level, and then dividends are taxed again when distributed to shareholders.
5. Option for Corporate Taxation: In some situations, an LLC can choose to be taxed as a corporation by making an election with the Internal Revenue Service (IRS). This option can provide additional tax benefits, such as the ability to minimize self-employment taxes or take advantage of specific deductions available to corporations.
Considering these advantages, an LLC can be a suitable choice for new businesses, as it offers the flexibility of a partnership or sole proprietorship, combined with limited liability protection. However, it's important to consult with legal and tax professionals to determine the most appropriate business structure based on individual circumstances and objectives.
Know more about limited liability company:
brainly.com/question/9503055
#SPJ11
This is an individual assignment that you will complete by
This is an individual assignment that you will complete by yourself. It is not a group project. To ensure the highest possible grade, you should begin working on it as soon as possible. This will give you enough time to research and plan your work carefully.
The first step in completing this individual assignment is to read the instructions and guidelines carefully. Make sure you understand what is expected of you and the deadlines for submission. Then, choose a topic that interests you and start researching.
Finally, in the conclusion, summarize your work and draw a conclusion based on your findings.It is important to proofread your work and make sure there are no errors or typos. Also, use a consistent citation style and reference your sources properly. Your assignment should be more than 100 words and should meet the requirements set by your instructor.
To know more about individual visit:
https://brainly.com/question/32647607
#SPJ11
Huckleberry issues $1,700,000 of 6%, 20-year bonds dated January 1, 2020, that pay interest semiannually on June 30 and December 31. The bonds are issued at a price of $2,100,000.
A Prepare the January 1 journal entry to record the bonds issuance
B Complete the first two years of a straight-line amortization table. Semiannual PeriodEnd Unamortized Premium Carrying Value 01/01/2020 06/30/2020 12/31/2020 06.30/2021 12/31/2021
C Prepare the journal entry to record the first interim interest payment on June 30
D Write the journal entry for the maturity of the bonds on December 31, 2040 (assume semiannual interest is already recorded).
A. Journal Entry to record the bond issuance: [Debit] Cash $2,100,000[Credit] Premium on Bonds Payable $400,000 [Credit] Bonds Payable $1,700,000.
B. Calculation for the amortization of the bond premium:[Debit] Interest Expense [Credit] Cash Unamortized Premium = $[tex]400,000 / 40[/tex] periods = $[tex]10,000[/tex] per periodEnd Semiannual Period Unamortized Premium Carrying Value [tex]400,000 - $10,000 = $390,000 $2,100,000 - $10,000 = $2,090,0000[/tex]6/30/2020 $390,000 $2,090,00012/31/2020 $380,000 $2,080,00006/30/2021 $370,000 $2,070,00012/31/2021 $360,000 $2,060,000C. The journal entry to record the first interim interest payment on June 30:[Debit ] Interest Expense $51,000 [Credit] Cash $51,000 ($1,700,000 bonds × 6% coupon rate [tex]* 6/12[/tex] year)D.Journal entry for the maturity of the bonds on December 31, 2040:Debit Bonds Payable $1,700,000; Debit Premium on Bonds Payable $400,000; Credit Cash $2,100,000
To learn more about journal entry, visit here
https://brainly.com/question/20421012
#SPJ11
Madison Stratton is a bookkeeper who is paid $10 per hour on a biweekly basis. Please compute her gross pay if she worked 31 hours in week 1 and 45 hours in week 2 Assume her company falls under the FLSA Begin by selecting the labels, then calculate Madison's gross pay
Madison's gross pay is $835. According to the given statement, Madison Stratton is a bookkeeper who is paid $10 per hour on a biweekly basis. We have to compute her gross pay if she worked 31 hours in week 1 and 45 hours in week 2.
We have to assume her company falls under the FLSA. So, we have to calculate the overtime pay first, as the company falls under the FLSA.
For that, we will use the following formula: OT pay = (No. of hours worked - 40) × (1.5 × Hourly pay)Madison's OT pay in week 2 = (45 - 40) × (1.5 × 10)Madison's OT pay in week 2 = 5 × 15. Madison's OT pay in week 2 = $75Madison's gross pay for week 1 = (Hours worked in week 1 × Hourly pay) Madison's gross pay for week 1 = 31 × 10Madison's gross pay for week 1 = $310.
Madison's gross pay for week 2 = (Hours worked in week 2 × Hourly pay) + OT pay Madison's gross pay for week 2 = (45 × 10) + 75Madison's gross pay for week 2 = $525Madison's gross pay for two weeks = Gross pay for week 1 + Gross pay for week 2Madison's gross pay for two weeks = $310 + $525.Madison's gross pay for two weeks = $835.
Therefore, Madison's gross pay is $835.
Learn more about gross pay:
https://brainly.com/question/32043881
#SPJ11
Which one of the following best describes a layout with a stationary position? a) line balancing b) Muther grid c) fixed-position layout d) facility layout
Fixed-position layout best describes a layout with a stationary position. A fixed-position layout is one of the most basic and oldest types of layouts. A fixed-position layout involves keeping the product in a stationary position while employees and machinery move around it to work on it.
It is a layout in which a product is too large or heavy to be moved, and therefore workers, equipment, and materials must be brought to the product. This type of layout is commonly used in shipbuilding, aircraft construction, and home construction. A fixed-position layout is preferred when the product is too heavy, too large, or too fragile to move during the manufacturing process. The equipment and workers go to the location of the product rather than the product being transported to the machine or workstation. A fixed-position layout has the following advantages: Flexibility is one of the advantages of a fixed-position layout. It's simple to make alterations to the process, equipment, and workforce based on changing project requirements. This type of layout has a high level of efficiency since there is no need to transport large, heavy items. A fixed-position layout necessitates the use of a variety of special tools and equipment, which may be costly and challenging to obtain.
This layout is frequently found in large-scale construction or manufacturing projects that take a long time to complete, such as shipbuilding and home construction.
To know more about machinery visit:
https://brainly.com/question/9806515
#SPJ11
Laiho Industries's 2020 and 2021 balance sheets (in thousands of dollars) are shon a. Sales for 2021 were $446,650,000, and EBITDA was 15% of sales. Furthermore, depreciation and amortization were 19% of net fixed assets, interest was $8,579,000, the corporate tax rate was 25%, and baihe pays 47.25% of its net income as dividends. Given this information, construct the firm's 2021 income statement. Laiho Industries: Income Statement for Year Ending December 31,2021 (thousands of dollars) b. Construct the statement of stockholders' equity for the year ending December 31, 2021, and the 2021 statement of cash flows. Hint: The difference in accumulated depreciation from one year to the next is the annual depreciation expense for the year. Laiho Industries: Statement of Stockholders' Equity. December 31. 2021 (thousa Laiho Industries: Statement of Cash Flows for 2021 (thousands of dollars) c. Calculate 2020 and 2021 net operating working capital (NOWC) and 2021 free cash flow (FCF). Assume the firm has no excess cash. d. If Laiho hereases its dividend papect ratic, what affect woeld this have on corperate taxes paid? wat effect would this have an taxes paid by the company't ahareheiders? 4. Assume that the firm's affer-tax cost of creital is it so'. what is the frm's 2021 Eva? thoukand d. If taho increased its dildend payeut ratio, what sffect mould this have en corporate taves paid? What enect would this have sn taxes paid by the company's sharsholders? If laho increased its divident payout ratio, the firm would pay coporate taves and the company't sharehelders wowld pay tawes on the didends they would receive. e. Aatume that the fem's after-tax cost of eapila is 11.54. What in the firmia 2021 Pua? 3 thousand 1. Assume that, the firm's stock srice is $22 per share and that at year-end 2021 the fiem has 10 milipn ahares outstanding. What is the firmis what at vear-end 2021 ? 5 thousand
Laiho Industries: Income Statement for Year Ending December 31, 2021 (thousands of dollars)
Sales: $446,650Cost of goods sold: $(357,320)Gross profit: $89,330Depreciation and amortization: $(49,460)EBITDA: $39,870Interest: $(8,579)EBT: $31,291Taxes (25%): $(7,823)Net income: $23,468Dividends (47.25%): $(11,083)Retained earnings: $12,385Laiho Industries: Statement of Stockholders' Equity. December 31, 2021 (thousands of dollars)
Common Stock: $10,000Retained earnings: $12,385Total stockholders' equity: $22,385Laiho Industries: Statement of Cash Flows for 2021 (thousands of dollars)
Operating cash flow
Net income: $23,468Add: Depreciation and amortization: $49,460Less: Increase in net operating working capital: $(5,880)Net operating cash flow: $67,048Investing cash flow
Purchase of net fixed assets: $(46,245)Free cash flow: $20,803Financing cash flow
Dividends paid: $(11,083)Net cash flow: $9,720c. Net operating working capital (NOWC)
NOWC 2020: $104,045 - $89,800 = $14,245NOWC 2021: $123,870 - $109,180 = $14,690d. Effect on corporate taxes paid
If Laiho Industries increases its dividend payout ratio, it will incur higher taxes on its profits due to the corporate tax rate of 25%. The increased dividend payments will result in higher tax expenses for the company.e. Effect on taxes paid by shareholders
If Laiho Industries increases its dividend payout ratio, shareholders will have to pay more taxes on the increased dividends they receive. Dividends are taxed as personal income.f. Economic value added (EVA)
EVA = NOPAT - WACC x CapitalEVA = $23,468 - 0.11 x $214,000EVA = $7,572g. Market value of equity
Market value of equity = Number of shares x Price per shareMarket value of equity = 10,000,000 x $22Market value of equity = $220,000,000Learn more about Income Statement
https://brainly.com/question/14890247
#SPJ11
To construct the income, calculate EBIT using the EBITDA percentage, subtract depreciation, interest, and taxes to obtain net income, and calculate dividends using the dividend payout ratio. Use the information from the balance sheets and income statement to construct the statement of stockholders' equity and statement of cash flows. Calculate net operating working capital (NOWC) and free cash flow (FCF) using relevant formulas. Increasing the dividend payout ratio would result in increased corporate taxes paid and taxes paid by shareholders. Use the after-tax cost of capital to calculate Economic Value Added (EVA).
Explanation:To construct Laiho Industries' 2021 income statement, we can use the provided information. First, we calculate EBIT by multiplying the sales revenue by the EBITDA percentage. Then, we subtract depreciation, interest, and taxes to determine the net income. Finally, we calculate dividends by multiplying the net income by the dividend payout ratio. The statement of stockholders' equity and statement of cash flows can be constructed using the information from the balance sheets and income statement.
Net Operating Working Capital (NOWC) can be calculated by subtracting current liabilities from current assets. Free cash flow (FCF) for 2021 can be calculated by subtracting capital expenditures and the change in net operating working capital from the net income.
If Laiho Industries increases its dividend payout ratio, it would lead to an increase in corporate taxes paid and taxes paid by the company's shareholders. The after-tax cost of capital can be used to calculate Economic Value Added (EVA). If the firm's stock price is given, the market value of equity can be calculated by multiplying the stock price by the number of shares outstanding.
Learn more about Constructing financial statements here:https://brainly.com/question/34094606
#SPJ12
Suppose you have an initial wealth equal to W0 = 4000. The risk-free rate is 3% p.a. The stock market offers an expected rate of return of 8% with a standard deviation of 12%. Your preferences could be best described by the quadratic utility function u(W) = aW − bW^2 , where the parameters are a = 15 and b = 0.001.
a) Suppose you invest 50% of your wealth into the risk-free account and the rest into the stock market. Calculate the expected final wealth and the standard deviation of the final wealth.
b) Note that the quadratic utility function has a representation with respect to expected final wealth µ and the standard deviation of final wealth σ, which is E[u(W˜ (µW , σW )] = aµW − b(µ 2 + σ 2 W ).
Calculate the expected utility of (i) a portfolio completely invested in the risk-free rate, and (ii) a portfolio completely invested in the stock market. Compare both results and give an interpretation!
c) Draft the overall situation in a µ − σ-diagram in terms of final wealth. Show the budget constraint, the indifference curve, and the optimal portfolio.
By comparing the expected utilities of different portfolios, we can identify the portfolio that maximizes utility. The interpretation will depend on the results obtained, and it will reveal the optimal allocation of investments based on the given preferences and constraints.
a) To calculate the expected final wealth and the standard deviation of the final wealth, we'll use the given information and formulas. Let's denote the fraction invested in the risk-free account as f and in the stock market as (1-f).
Expected final wealth (µW):
Expected return from the risk-free account = f * 0.03 * W0
Expected return from the stock market = (1-f) * 0.08 * W0
Expected final wealth = W0 + expected return from the risk-free account + expected return from the stock market
Standard deviation of final wealth (σW):
Standard deviation of the stock market = 0.12
Standard deviation of final wealth = √(f^2 * 0 + (1-f)^2 * (0.12^2 * W0^2))
b) We can calculate the expected utility using the given utility function and the expected final wealth.
(i) Portfolio invested in the risk-free rate:
Expected final wealth (µW) = 0.5 * 0.03 * W0 + 0.5 * W0
Expected utility = 15 * (0.5 * 0.03 * W0 + 0.5 * W0) - 0.001 * ((0.5 * 0.03 * W0)^2 + 0)
(ii) Portfolio invested in the stock market:
Expected final wealth (µW) = 0.5 * 0.08 * W0 + 0.5 * W0
Standard deviation of final wealth (σW) = 0.12 * W0
Expected utility = 15 * (0.5 * 0.08 * W0 + 0.5 * W0) - 0.001 * ((0.5 * 0.08 * W0)^2 + (0.12 * W0)^2)
Comparing the results from (i) and (ii) will help us determine the optimal portfolio.
c) In the µ − σ-diagram, we plot the expected final wealth (µW) on the x-axis and the standard deviation of final wealth (σW) on the y-axis. The budget constraint is a straight line with a slope of (expected return of the stock market - risk-free rate). The indifference curve represents different levels of utility, and the optimal portfolio is where the indifference curve is tangent to the budget constraint.
To know more about Investment, visit
https://brainly.com/question/29547577
#SPJ11
Raman is the CEO of "Green Farms", a new startup of
friends operating out of Hyderabad.
Their operations are currently restricted with the city and they
are into the business of eco-
friendly prod
Raman is the CEO of "Green Farms," a new startup of friends operating out of Hyderabad. Their operations are currently restricted to the city, and they are into the business of eco-friendly products.
Raman's company Green Farms is in the business of producing eco-friendly products. In a world that is slowly becoming more conscious of climate change, the production of eco-friendly products is a promising venture. The company is run by a group of friends from Hyderabad, and it is currently limited to operations within the city.A key strategy for Green Farms will be to expand its operations beyond Hyderabad.
They will also need to ensure that their manufacturing processes are efficient and cost-effective.Overall, for Green Farms to be successful in the long term, they will need to be innovative, customer-focused, and flexible in their approach. They should continuously seek to improve their products and processes to stay ahead of the competition and appeal to the changing needs of their customers.
To know more about business visit:
https://brainly.com/question/13160849
#SPJ11
Which of the following is a constraint that investors face? Limited resources Investment horizon Market liquidity Taxes All of the above Which of the following entity is an investment company that is categorized by the Federal securities laws? Close-end funds Mutual funds Unit investment trusts All of the above
The answer to the first question is "All of the above." Investors face various constraints, including limited resources, investment horizon, market liquidity, and taxes.
The answer to the second question is "All of the above." Close-end funds, mutual funds, and unit investment trusts are all types of investment companies that are categorized by the Federal securities laws.
The constraints facedConstraints that investors face:
Limited resources: Investors have a finite amount of capital available for investment, which imposes a constraint on the number and size of investments they can make.
Investment horizon: Investors may have specific time frames or goals for their investments, such as saving for retirement or funding a child's education. This time constraint influences their investment decisions and strategies.
Market liquidity: Investors may face constraints related to the liquidity of the assets they want to invest in. Some assets may have limited liquidity, making it difficult to buy or sell them quickly without affecting their market prices.
Read more on investors here:https://brainly.com/question/29547577
#SPJ4
Cam saved $240 each month for the last four years while he was working. Since he has now gone back to school, his income is lower and he cannot continue to save this amount during the time he is studying. He plans to continue with his studies for four years and not withdraw any money from his savings account. Money is worth 6.9% compounded monthly. (a) How much will Cam have in total in his savings account when he finishes his studies? (b) How much did he contribute? (c) How much will be interest?
Given data,Cam saved $240 each month for the last four years. Therefore, the amount saved by Cam in 4 years = $240 x 12 months x 4 years = $11,520.The interest will be $5,607.86
The amount of interest earned can be calculated by subtracting the total amount contributed from the total amount accumulated. Therefore, the interest can be calculated as below:Interest = Total amount accumulated - Total amount contributed= $17,127.86 - $11,520= $5,607.86Therefore, the interest will be $5,607.86.
Since he has now gone back to school, his income is lower and he cannot continue to save this amount during the time he is studying. Money is worth 6.9% compounded monthly.
P = $11,520R = 6.9%/12 (Rate is 6.9% compounded monthly)i.e, R=0.575% per monthn = 48 months(a)
Using the formula for compound interest, we have:$$A = P{{\left( {1 + \frac{r}{n}} \right)}^{nt}}$$Substituting the known values we get,$$A = 11520{{\left( {1 + \frac{0.575}{100}} \right)}^{48}}$$$$A = 11520{{(1.00575)}^{48}}$$
Therefore, Cam will have $17,127.86 in total in his savings account when he finishes his studies. (Round off the answer to two decimal places)(b) How much did he contribute?As Cam saved $240 each month for 4 years, the total amount he contributed can be calculated asTotal amount contributed = Monthly savings x Number of months= $240 x 12 months x 4 years= $11,520Therefore, he contributed $11,520.(c)
To know more about amount saved please check the following link
https://brainly.com/question/7965246
#SPJ11