Answer:
NPV: $84,659.21
Payback Period: less than 1 year
IRR: 32.17%
Explanation:
To calculate the payback period, we need to find out how long it will take to recover the initial investment of $120,000. We will do this by calculating the annual cash flows until the initial investment is fully recovered.
First, let's calculate the annual cash flows for each year:
Year 0:
-Initial investment: -$120,000
Year 1:
-Sales: $835,000
-Variable costs: $167,000 (20% of sales)
-Fixed costs: $204,000
-Depreciation: $216,250 ($865,000 / 4 years)
-EBT (Earnings before taxes): $247,750 ($835,000 - $167,000 - $204,000 - $216,250)
-Taxes: $56,972 (23% of $247,750)
-Net Income: $190,778 ($247,750 - $56,972)
-Annual Cash Flow: $311,028 ($190,778 + $120,000)
Year 2:
-Sales: $835,000
-Variable costs: $167,000
-Fixed costs: $204,000
-Depreciation: $216,250
-EBT: $247,750
-Taxes: $56,972
-Net Income: $190,778
-Annual Cash Flow: $311,028
Year 3:
-Sales: $835,000
-Variable costs: $167,000
-Fixed costs: $204,000
-Depreciation: $216,250
-EBT: $247,750
-Taxes: $56,972
-Net Income: $190,778
-Annual Cash Flow: $311,028
Year 4:
-Sales: $835,000
-Variable costs: $167,000
-Fixed costs: $204,000
-Depreciation: $216,250
-EBT: $247,750
-Taxes: $56,972
-Net Income: $190,778
-Annual Cash Flow: $311,028
The total cash inflow for the four years is $1,244,112 ($311,028 x 4 years). The payback period is the time it takes to recover the initial investment, which in this case is less than one year (around 0.39 years). Therefore, the payback period for this project is less than one year.
To calculate the NPV, we need to discount the annual cash flows to their present value using the required rate of return of 13%. The formula for NPV is:
NPV = -Initial Investment + (CF1 / (1+r)^1) + (CF2 / (1+r)^2) + ... + (CFn / (1+r)^n)
where CF is the annual cash flow, r is the required rate of return, and n is the number of years.
Substituting the values, we get:
NPV = -$120,000 + ($311,028 / 1.13^1) + ($311,028 / 1.13^2) + ($311,028 / 1.13^3) + ($311,028 / 1.13^4)
NPV = $84,659.21
Therefore, the NPV of the project is $84,659.21.
To calculate the IRR, we need to find the discount rate that makes the NPV equal to zero. We can do this using trial and error or by using the IRR function in Excel. Using Excel, we can calculate the IRR as 32.17%.
With an NPV of $304,883.82 and an IRR of around 19.47%, the Potato Pet project has a payback period of roughly 2.75 years. These findings imply that Pappy's Potato should take the project into consideration as it is anticipated to provide a profit.
What is the payback method and payback period?The payback method calculates the amount of time needed to "payback" or repay the initial expenditure. The time it takes for an investment to create enough cash revenues to cover its associated financial outflow(s), usually expressed in years, is known as the payback period.
To calculate the payback period, we need to determine how long it will take for the project to generate enough cash inflows to recover the initial investment of $985,000 ($120,000 + $865,000).
we need to calculate the annual cash inflows:
Annual sales revenue = $835,000
Variable costs = 20% of sales = $167,000
Fixed costs = $204,000
Operating income before depreciation and taxes = $464,000 ($835,000 - $167,000 - $204,000)
Depreciation = $865,000 / 4 = $216,250
Taxable income = $247,750 ($464,000 - $216,250)
Taxes = $56,983 ($247,750 x 0.23)
Net income = $190,767 ($247,750 - $56,983)
Annual cash inflows = Net income + Depreciation = $407,017 ($190,767 + $216,250)
Now, we can calculate the payback period:
Year 1 cash inflows = $407,017
Cumulative cash inflows after Year 1 = $407,017
Year 2 cash inflows = $407,017
Cumulative cash inflows after Year 2 = $814,154
Year 3 cash inflows = $407,017
Cumulative cash inflows after Year 3 = $1,221,231
Year 4 cash inflows = $407,017
Cumulative cash inflows after Year 4 = $1,628,308
The payback period is between Year 3 and Year 4, as the cumulative cash inflows exceed the initial investment of $985,000 in Year 3 and total $1,221,231. The payback period is approximately 2.75 years (or 2 years and 9 months).
To calculate the NPV, we need to discount the annual cash inflows at the required rate of return of 13%.
Year 1 PV factor = 1 / (1 + 0.13)^1 = 0.885
Year 2 PV factor = 1 / (1 + 0.13)^2 = 0.783
Year 3 PV factor = 1 / (1 + 0.13)^3 = 0.693
Year 4 PV factor = 1 / (1 + 0.13)^4 = 0.613
NPV = ($407,017 x 0.885) + ($407,017 x 0.783) + ($407,017 x 0.693) + ($407,017 x 0.613) - $985,000
NPV = $304,883.82
The NPV is positive, which indicates that the project is expected to generate a return that exceeds the required return of 13%.
To calculate the IRR, we need to find the discount rate that results in an NPV of zero. We can use a financial calculator or Excel to do this. The IRR for this project is approximately 19.47%.
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differentiate between the sourcing decision to make or to buy.(examples)?
The sourcing decision between "make" or "buy" refers to the decision of whether a company should produce a product or service in-house or outsource it from a third-party supplier.
The decision depends on several factors, including cost, quality, capacity, expertise, and strategic goals. Here are some examples of the differences between the two options:
Make:
A company that produces custom-made products may decide to make the product in-house to maintain quality control and ensure that customer specifications are met.
A tech company may choose to develop software internally to protect its intellectual property and keep its competitive advantage.
Buy:
A company that needs raw materials for production may decide to buy them from a supplier to take advantage of economies of scale and lower costs.
A small business may decide to outsource its accounting functions to a third-party provider to save time and reduce overhead costs.
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Raoul likes almost any type of job, so he’s decided to make his career choices based on which industry is growing. He wants to have lots of job opportunities in the future! Which field should Raoul pursue?
A.
healthcare
B.
education
C.
law
D.
coal Mining
100pt will mark brainiest
A portfolio manager’s client invests in a fund with total assets of $14,200,000, total liabilities of $1,500,000, and a total of 50,000 shares outstanding. Calculate the NAVPS for this fund. Answer using complete sentences.
To calculate the NAVPS (Net Asset Value per Share) for this fund, we first need to subtract the total liabilities from the total assets to get the net assets. In this case, the net assets would be $14,200,000 - $1,500,000 = $12,700,000.
Next, we divide the net assets by the number of shares outstanding to get the NAVPS. In this case, the NAVPS would be $12,700,000 / 50,000 shares = $254 per share.Therefore, the NAVPS for this fund is $254 per share. This calculation is important for investors because it represents the value of their investment in the fund. As the value of the assets held in the fund changes over time, the NAVPS will also change, allowing investors to track the performance of their investment.
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Successful teams share several characteristics. For example, successful teams___________
a) Address conflict
b)ignore troublesome members
c)compete rather than collaborate
The correct option is a) Address conflict. Successful teams are those that are able to effectively handle conflicts and disagreements that arise within the group.
Conflict is a natural part of any team or group dynamic, and ignoring it or brushing it under the rug can lead to long-term damage and dysfunction within the team. Successful teams are those that are able to identify the source of the conflict, address it directly and respectfully, and work towards a solution that is acceptable to all members. Ignoring troublesome members or competing rather than collaborating are not characteristics of successful teams. Troublesome members can disrupt team dynamics and negatively impact overall performance, so it's important for teams to address any issues and work towards a resolution. Collaboration is essential for successful teams, as it promotes teamwork, communication, and innovation. In summary, successful teams prioritize conflict resolution, collaboration, and effective communication. They are able to work together towards a common goal, handle conflicts in a constructive manner, and respect the opinions and contributions of all team members.
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Which of these factors is likely to have the greatest influence on purchases by consumers to choose a different option than originally intended? The price of a good or service The price of alternatives or substitutes Their own income Their personal preferences
Answer:
B) The price of alternatives or substitutes.
Explanation:
A factor which is likely to have the greatest influence on purchases by consumers with a limited amount of cash on hand is: B) The price of alternatives or substitutes.
A price can be defined as an amount of money that a customer (consumer) is willing to pay for the purchase of goods and services being offered at a specific period of time.
Generally, the price of goods and services are primarily determined or being set by a seller or service provider.
A substitute product refer to a product that a consumer consider an alternative to another product and as such would offer similar benefits or satisfaction to the consumer at a cheaper price when compared to the other.
In Economics, the price of alternative or substitute products is a factor which is most likely to have the greatest influence on purchases by consumers with a limited amount of cash (money) in his or her possession.
Price of alternatives or substitutes is likely to have the biggest impact on consumers' decisions to make purchases of a different option than they had initially expected.
Similar products that a client may employ for the same purpose are substitute goods. If the product they prefer is offered, your customers might buy it, but they might also look at alternatives if the price, the product's availability, or its quality changes. Products or services that can be utilized in lieu of one another to fulfill a certain requirement or desire of a customer are referred to as substitute goods. To put it another way, they are goods or services that can be used in place of one another since they fulfill the same needs and are therefore seen as interchangeable.
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Wendy is a university administrator. What task would she MOST likely be expected to perform?
A.
reviewing and approving grade transcripts
B.
developing advertisements for the university
C.
submitting research to academic journals
D.
teaching students directly in the classroom
The correct answer is A. Reviewing and approving grade transcripts. As a administrator, Wendy would likely be responsible for overseeing .
Based on the information given, it is most likely that "she" would be expected to perform task C, submitting research to academic journals. This task suggests that "she" is an academic or researcher who conducts research and writes scholarly articles, which are then submitted to academic journals for publication. This is a common task for individuals who work in academic or research positions. reviewing and approving grade transcripts, would be more likely for someone in a administrative or registrar position at a university, developing advertisements for the university, would be more likely for someone in a marketing or communications role.
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(i) Revenue numbers for the next 6 months will be calculated in proportion to the budget. (ii) Expenses for the following 6 months are to be forecasted as follows: Program expenses will be at 150% of the budget (proportionately applied) Fundraising expenses will be in proportion to the budget Administrative expenses will be $75 Please calculate the 6 months forecast figures (NOTE: you are being asked to calculate the 6 month figures ONLY and not the year end forecast). Can you comment on the financial health of the organization based on the 6 months actuals and forecast? If you want to provide your response in excel, you will need to download the attached excel on to your computer, perform the calculations, save your work and UPLOAD the attachment using the button, insert local files. Alternatively, you can copy and paste your response from the excel in the answer section below. FORECAST FOR 6 MONTHS JUL- DEC 2020 Fundraising Revenue: Donations & Sponsorships DESCRIPTION Total Earned Revenue Government Revenue: Grant from Toronto Arts Council Total Government Grants Other Sources of Income: Income from Investments Other Income Program Expenses Total Income from Other Sources TOTAL REVENUE Total Program Expenses Fundraising Expenses Total Fundraising Expenses Administrative Expenses: $15.00 Administration Total Administrative Expenses TOTAL EXPENSES Jan/Deficitl 2020 Approved YTD Actuals Budget (Annual) (1) 500 500 215 215 75 75 790 425 425 150 150 100 100 675 2020 115 6 months) 1.42 (2) 350 350 50 50 28 28 428 275 275 80 80 (For 50 50 405 23 2020 Forecast 6 months) (3) 850 ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ?
It appears that the organisation is in a stable financial position based on the projected numbers for the following six months.
Explain the anticipated sales.The anticipated total revenue is $850, which is significantly more than the $500 budgeted amount for the same period. The proportionate calculation of revenue figures based on the budget is primarily to blame for this. However, since the precise numbers are withheld, it is unclear how much money will come from each source. Program expenses are anticipated to consume 150% of the budget, which raises questions about whether there may have been excessive spending in this area. The proportion of fundraising costs to the budget seems reasonable. $75 is the set amount for administrative costs, which is also reasonable.
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can someone please do this
Comparative Advantage
Colombia has an absolute advantage in motor cycles. Colombia has absolute advantage in speed boats
Japan has comparative advantage in motorcycles, Colombia has comparative advantage in speed boats
How to find the absolute advantageJapan produces 25 million motorbikes and 2.5 million speedboats throughout the same time span as Columbia, which produces 30 million motorcycles and ten million speedboats annually. While producing motorbikes and speedboats gives Columbia an absolute advantage, doing so merely gives it a comparative advantage.
We can observe that Columbia is 1.2 times more skillful than Japan at making motorcycles and is four times more skilled than Japan at making speed boats when we compare how well each of these products are produced in each country. As a result, Columbia can create speed boats at a lower opportunity cost than Japan since they have less to lose by directing more of their resources toward the development of speed boats and less toward other types of vehicles.
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Research the amount of money that banks lose each year due to identity theft hacking counterfiet money qnd other security issues how does this affect the monetary system how does it affect you
Explanation:
According to a report by Juniper Research, global losses from payment card fraud and online banking fraud are expected to reach $130 billion by 2023. This is a significant increase from the $22 billion in losses reported in 2018. In addition, a 2020 study by Javelin Strategy & Research estimated that identity fraud resulted in $16.9 billion in losses in the US alone.
It is important to note that banks typically do not disclose the exact amount of money lost due to security issues such as identity theft, hacking, and counterfeiting. This is because doing so could undermine confidence in the banking system and lead to a loss of customers.
These losses can have significant impacts on the monetary system, as they can reduce the amount of money that banks have available to lend to individuals and businesses. In addition, they can increase the cost of financial services, as banks may need to invest in additional security measures to protect against fraud.
As an individual, the effects of bank losses due to security issues may not be immediately apparent. However, these losses can ultimately impact the availability and cost of credit, which can affect your ability to obtain loans or credit cards. Additionally, banks may pass on the cost of increased security measures to customers in the form of higher fees or interest rates.
Calculate,from the following information accumulated by Bob Verna,the adjusted cash balance at the end of july.
Bank staement rnding cash balance $6000
General ledger cash balance ending 8500
Bank monthly service charge 90
Deposits in transit 5000
Outstanding cheques 3000
NSF cheque returned with bank
Statement 410
A) $8000
B) 11000
C) 6000
D) 8500
The adjusted cash balance at the end of July for Bob Verna, based on the following information, is A) $8,000.
What is the adjusted cash balance?The adjusted cash balance is the difference between the ending cash balance as per the general ledger and transactions captured in the bank statement but not recorded in the general ledger.
Some of the items used for adjusting the cash balance during bank reconciliations include:
Bank chargesNSF checks returnedDirect credits and debits.Bank statement ending cash balance = $6,000
General ledger cash balance ending = $8,500
Bank monthly service charge $90
Deposits in transit $5,000
Outstanding checks $3,000
NSF check returned with bank statement $410
Adjusted Cash Balance:General ledger cash balance ending = $8,500
Bank monthly service charge ($90)
NSF check returned with bank statement ($410)
Adjusted cash balance = $8,000
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Carmelo says " A movie theater charges the same price for a popular movie as it does for an unpopular movie. Obviously, the movie theater doesn't charge more when demand for the movie is higher than when it is lower." Shelby counters by saying, "Movie the alter often call the more popular movies special engagements and do not accept any discount tickets for them. " If Shelby is correct, does her point negate Carmelo's? Explain your answer
Carmelo's statement is about theater charging the same price for popular and unpopular movies, while Shelby's point is about theaters calling popular movies "special engagements" and not accepting discount tickets.
What are movies?Movies, also known as films, are a form of visual storytelling that combine various elements such as acting, cinematography, sound, and special effects to convey a narrative to the audience. Typically, movies are presented in theaters or on various media platforms such as television, streaming services, or DVD. They can be fictional or non-fictional, and range in genres from drama, comedy, romance, action, horror, and more. Movies have the power to entertain, educate, and inspire audiences, and have become a major form of popular culture worldwide. Some movies have even become cultural phenomena, with dedicated fan bases and spin-off merchandise. The art of filmmaking continues to evolve with advances in technology and changing audience tastes.
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A offers investors the opportunity to pool their investment dollars with a group of other investors, which in turn allows them the ability to purchase multiple security investments. The investments are collected into a single investment . Mutual funds may prove to be a smarter investment option for the investor that prefers to risk.
Mutual funds are investment vehicles that allow investors to pool their money together to invest in a diversified portfolio of stocks, bonds, or other securities.
This pooling of money allows investors to take advantage of the benefits of diversification, which helps to spread risk across multiple investments. Mutual funds are managed by professional fund managers, who use their expertise to select and manage the fund's investments. The fund manager's goal is to achieve the fund's investment objective, which could be anything from providing long-term growth to generating current income. One of the key benefits of mutual funds is that they are a great option for investors who prefer to mitigate risk. By investing in a diversified portfolio of securities, mutual funds offer investors exposure to a wide range of companies and industries, which helps to spread risk across multiple investments.
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Why might using a formal decision-making process make sense for a person trying to choose between a career as a radiology technician and a doctor?
A.
It provides a “plan B” profession in case they don’t succeed in their first choice.
B.
It provides a solid plan for taking graduate-level courses to do either career.
C.
It will help them create short-term and mid-term goals to achieve either long-term goal.
D.
It can help them research the careers and weigh the options to make the best choice for them.
The correct option is D. Using a formal decision-making process can help a person research the careers of a radiology technician and a doctor and weigh the options to make the best choice for them.
Choosing a career is a significant decision that can have a significant impact on a person's life. Using a formal decision-making process can help individuals assess their strengths, interests, and values to determine which career is the best fit for them.By researching both professions, individuals can gain a better understanding of the education and training required, job responsibilities, salary expectations, and job outlook. This information can help individuals weigh the pros and cons of each career and make an informed decision.Using a formal decision-making process can also help individuals create short-term and mid-term goals to achieve their long-term career goals.
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What are the benefits of having a high credit score?
A.
lowers your monthly rent payments
B.
lets you check off a goal on your academic or career plan
C.
lets lenders know that you pay your debts on time
D.
gives you a better reputation among coworkers
A high credit score provides several benefits, the most significant of which is making it easier to obtain credit at lower interest rates. This means that borrowers with a high credit score can access better loan terms.
Having a high credit score also lets lenders know that you are a responsible borrower who pays their debts on time. This can make it easier to secure loans, credit cards, and other financial products, as lenders are more likely to view you as a low-risk borrower.Additionally, a high credit score can also impact non-financial aspects of your life, such as renting an apartment or even getting a job. Landlords and employers may check your credit score to assess your reliability and trustworthiness.a high credit score is a valuable asset that can help you save money, access credit more easily, and improve your financial and personal reputation. It is important to maintain good credit habits to ensure your credit score remains high.
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Consider the following information for Maynor Company, which uses a periodic inventory system:
Transaction Units Unit Cost Total Cost
January1 Beginning Inventory 35 $85 $2,975
March 28 Purchase 45 91 4,095
August 22 Purchase 70 95 6,650
October 14 Purchase 75 101 7,575
Goods Available for Sale 219 $20,508
The company sold 75 units on May 1 and 70 units on October 28.
Required:
Calculate the company's ending inventory and cost of goods sold using the each of following inventory costing methods.
A. FIFO
B. LIFO
C. Weighted Average.
A. FIFO
Ending Inventory: $8,050
Cost of Goods Sold: $13,245
B. LIFO
Ending Inventory: $7,610
Cost of Goods Sold: $13,685
C. Weighted Average
Ending Inventory: $6,930.16
Cost of Goods Sold: $13,577.80
How to find the FIFOA. FIFO (First In, First Out)
Under the FIFO method, the first goods purchased are assumed to be the first goods sold. Therefore, for the May 1 sale of 75 units:
35 units from the January 1 Beginning Inventory (35 units * $85 = $2,975)
40 units from the March 28 Purchase (40 units * $91 = $3,640)
For the October 28 sale of 70 units, we take:
5 units from the March 28 Purchase (5 units * $91 = $455)
65 units from the August 22 Purchase (65 units * $95 = $6,175)
Cost of Goods Sold (COGS) = $2,975 + $3,640 + $455 + $6,175 = $13,245
Ending Inventory:5 units from the August 22 Purchase (5 units * $95 = $475)
75 units from the October 14 Purchase (75 units * $101 = $7,575)
Ending Inventory = $475 + $7,575 = $8,050
B. LIFO (Last In, First Out)
Under the LIFO method, the last goods purchased are assumed to be the first goods sold. For the May 1 sale of 75 units, we take:
35 units from the January 1 Beginning Inventory (35 units * $85 = $2,975)
40 units from the March 28 Purchase (40 units * $91 = $3,640)
For the October 28 sale of 70 units, we take:
70 units from the October 14 Purchase (70 units * $101 = $7,070)
Cost of Goods Sold (COGS) = $2,975 + $3,640 + $7,070 = $13,685
Ending Inventory:
5 units from the March 28 Purchase (5 units * $91 = $455)
70 units from the August 22 Purchase (70 units * $95 = $6,650)
5 units from the October 14 Purchase (5 units * $101 = $505)
Ending Inventory = $455 + $6,650 + $505 = $7,610
C. Weighted Average
Under the weighted average method, we calculate the average cost per unit for all goods available for sale.
Total Cost of Goods Available for Sale = $20,508
Total Units Available for Sale = 219
Weighted Average Cost per Unit = $20,508 / 219 = $93.64 (rounded to 2 decimal places)
For the May 1 sale of 75 units:
COGS = 75 units * $93.64 = $7,023
For the October 28 sale of 70 units:
COGS = 70 units * $93.64 = $6,554.80
Total Cost of Goods Sold (COGS) = $7,023 + $6,554.80 = $13,577.80
Ending Inventory = 74 units * $93.64 = $6,930.16
To summarize:
A. FIFO
Ending Inventory: $8,050
Cost of Goods Sold: $13,245
B. LIFO
Ending Inventory: $7,610
Cost of Goods Sold: $13,685
C. Weighted Average
Ending Inventory: $6,930.16
Cost of Goods Sold: $13,577.80
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Use the drop-down menus to identify the components of your essay.
Format: ( INFORMATIVE ESSAY )
Topic: ( GLOBALIZATION AND PULLUTION )
Purpose: ( TO EDUCATE )
JUST GOT THEM RIGHT!!! ON EDGE.
the drop-down menus to identify the components of your essay: Format: Informative Essay, Topic: Globalization and Pollution, Purpose: To Educate.
Globalization has brought significant economic and social benefits, but it has also led to increased environmental pollution. As economies around the world become more interconnected, businesses seek to maximize profits by cutting costs, which often involves and can lead to climate change, deforestation, and the loss of biodiversity. It is important to recognize the impact of globalization on the environment and take steps to mitigate its effects. This can include implementing stricter environmental regulations, promoting sustainable practices, and investing in clean energy technologies.By educating ourselves and others on the consequences of pollution and the role of globalization, we can work towards a more sustainable and environmentally friendly future
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What is a common task for a DSS agent?
A.
investigating domestic cybercrime
B.
securing US embassies abroad
C.
ensuring tap water is safe to drink
D.
delivering packages across the world
Answer: B. securing US embassies abroad
Explanation:
A DSS agent, or Diplomatic Security Service agent, is a member of the U.S. Department of State's security and law enforcement arm. Their primary mission is to provide a safe and secure environment for the conduct of U.S. foreign policy. This includes securing U.S. embassies and consulates abroad, protecting diplomats and other high-ranking officials, and conducting investigations related to passport and visa fraud.
Why do experts predict that the number of surveyor jobs will not increase at as fast a rate as many other jobs?
A.
It’s such an easy job that people can do it themselves without hiring an expert.
B.
It is such a difficult and dangerous job that most people will not want to do it.
C.
Robots and other technologies will let fewer surveyors do more work.
D.
Most of the land that can be developed already has been developed.
The correct answer is D.Most of the land that can be developed already has been developed.
The reason why experts predict that the number of surveyor jobs will not increase at as fast a rate as many other jobs is because of option C, robots and other technologies will let fewer surveyors do more work. With advancements in technology, such as drones and GPS surveying equipment, the need for human surveyors is decreasing. These technologies can perform surveying tasks more quickly and accurately than traditional methods, which reduces the need for human surveyors.it’s such an easy job that people can do it themselves without hiring an expert, is not a valid reason as surveying is a specialized profession that requires specific skills and knowledge.it is such a difficult and dangerous job that most people will not want to do it, is also not a valid reason as surveying can be a challenging job, but it is not necessarily dangerous or unappealing.
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Laila would like to have a high salary to be able to help her family and afford to travel. Where might she work as a civil engineer to earn the highest average wage?
A.
international energy sector
B.
private architecture firm
C.
nonresidential building construction
D.
US federal government
The answer is, If Laila would like to have a high salary to be able to help her family and afford to travel, she should work at nonresidential building construction as a civil engineer to earn the highest average wage.
Therefore the correct answer is C. nonresidential building construction.
What exactly does a civil engineer do?Roads, trains, tunnels, and other structures are designed and constructed by civil engineers. Large buildings and intricate constructions like multi-story parking garages, train stations, stadiums, hospitals, and airports are designed and constructed by them.
Is a profession in civil engineering worthwhile?If you're looking for a career in an engineering profession that is expanding and has a high earning potential, civil engineering is a fantastic choice. More civil engineers are needed as cities expand to design and oversee public works initiatives and replace deteriorating infrastructure.
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You took out a business loan on January 1st for 100,000. The loan is a five-year loan and charges an APR of 5%. What was the Interest Expense amount for the month of May of the first year?
Answer: $407.40
Explanation:
To calculate the interest expense for the month of May, we first need to find the monthly interest rate and then apply it to the outstanding loan balance.
Step 1: Convert the annual interest rate (APR) to a monthly interest rate:
APR = 5%
Monthly interest rate = (1 + 0.05)^(1/12) - 1 ≈ 0.4074%
Step 2: Calculate the interest expense for the month of May:
Outstanding loan balance = $100,000 (since no payments have been made yet)
Interest expense for May = $100,000 * 0.004074 ≈ $407.40
The interest expense for the month of May in the first year is approximately $407.40.
The interest expense amount for the month of May in the first year of the loan is approximately $385.43. The calculation is shown in the attached image below.
A loan is a financial arrangement in which one party, typically a financial institution or lender, provides funds to another party, known as the borrower. The borrower agrees to repay the loan amount over time, typically with interest and any additional fees or charges as specified in the loan agreement.
A line of credit is a pre-approved loan amount that a borrower can access as needed. The borrower can withdraw funds up to the specified credit limit and repay the borrowed amount with interest.
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Question 15 of 20
Which information in the accounts payable subsidiary journal is entered after
the amount of credit or debit?
A. the terms of the sale
B. the date
C. the name of the vendor
OD. the balance
SUBMIT
Answer:
credit entry
Explanation:
The accounts payable subsidiary ledger is a breakdown of the total amount of payables listed on the general ledger. In other words, the subsidiary ledger contains the individual payables owed to each of the suppliers and vendors, as well as the amounts owed.
When recording an account payable, debit the asset or expense account to which a purchase relates and credit the accounts payable account. When an account payable is paid, debit accounts payable and credit cash. Payroll entry.
The accounts payable subsidiary ledger provides detailed information about amounts owed to creditors.
The total of the individual account balances in the accounts receivable subsidiary ledger should agree with the total of the individual account balances in the accounts payable subsidiary ledger.
Explain six factors that affect goal congruence
Answer:
Goal congruence refers to the alignment of objectives between agents and principals, or between individuals and the organization as a whole[1]. Several factors can affect goal congruence, including external and internal factors[2]. External factors include societal norms of desirable behavior[2]. Internal factors include organizational design, leadership, morale, efficiency, stability, productivity, and effectiveness[2][3][4]. The Nadler-Tushman Congruence Model suggests that individual tasks, skills, knowledge, and work flow can also impact goal congruence[5]. Overall, goal congruence is influenced by a variety of factors, both internal and external, that can impact the alignment of objectives between individuals and the organization.
Tarryn wants to become a farmer, but she also wants to able to take vacations every year. Which group of farmers often has difficulty taking vacation, as their work takes place year-round?
A.
cattle farmers
B.
corn farmers
C.
sugar farmers
D.
orchard farmers
Cattle farmers often has difficulty taking vacation, as their work take place year - round.
In cattle farming, two different kinds of animals are raised and managed: one is used for food production, such as milk, while the other is used for labor-intensive tasks, such as digging, irrigation, etc. Milk/dairy animals are those that produce milk. Goats, buffalo, cows, etc. are a few examples. Draught animals are animals that are utilised for labour. Since dairy animals are raised and developed specifically for milk, we must increase milk production to satisfy demand. The lactation period is the time after a calf is born when a cow begins to produce milk.
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write an essay about Why is it important to to do intrepreneurship in South Africa?
Answer:
I hope this gives you at least an idea about your essay.
Explanation:
Entrepreneurship is often seen as a solution to many of South Africa's economic challenges, with the potential to create jobs and drive economic growth. However, a lesser-known concept that is equally important is intrapreneurship, which involves cultivating entrepreneurial skills and innovative thinking within an existing organization or company. Intrapreneurship is essential in South Africa because it can help to drive innovation, create new opportunities, and transform traditional businesses in the country.
One of the main reasons why intrapreneurship is important in South Africa is because it can foster innovation. South Africa is a country with a wealth of talent, but often, this talent is not utilized to its full potential. By promoting intrapreneurship, businesses can encourage their employees to think creatively and come up with new ideas that can help the business to grow and compete in the market. This can lead to the creation of new products and services that can benefit the business and society as a whole.
Another important reason why intrapreneurship is important in South Africa is that it can help to create new opportunities. By encouraging employees to take on new challenges and develop new skills, businesses can create new roles and opportunities within the organization. This can help to address issues such as high levels of unemployment and inequality by providing new jobs and career pathways for people in the country.
In addition, intrapreneurship can help to transform traditional businesses in South Africa. Many businesses in the country are facing challenges such as declining revenues and increased competition. By fostering a culture of intrapreneurship, businesses can encourage their employees to think outside of the box and come up with new ways to innovate and improve the business. This can help to transform traditional businesses into modern, agile, and innovative organizations that are better equipped to compete in the global marketplace.
In conclusion, intrapreneurship is an essential concept that can help to drive innovation, create new opportunities, and transform traditional businesses in South Africa. By promoting intrapreneurship, businesses can tap into the wealth of talent in the country and encourage their employees to think creatively and come up with new ideas. This can lead to the creation of new products and services, new jobs, and the growth of the economy as a whole. Therefore, it is crucial for businesses in South Africa to invest in intrapreneurship if they want to remain competitive and succeed in the long run.
Business Statistics
Please refer attached. Answer all questions
1) The standard deviation for the given data is 2.91 minutes.
2) The mean speed of the cars is 74.75 km/h, which represents the average speed of all the cars that passed through the toll booth. The median speed is 75-79 km/h, which is the speed that divides the speed data into two equal halves. The mode speed is also 75-79 km/h, which is the most frequently occurring speed.
What is the explanation for the above response?
1) To find the standard deviation, we need to follow these steps:
Find the mean:
Calculate the deviation from the mean for each valueSquare each deviation from the meanFind the sum of the squared deviationsDivide the sum by the number of values minus oneTake the square root of the resultUsing this formula, we get:
Mean = (2*7 + 7*12 + 9*17 + 3*22)/20 = 14.9
Deviation from the mean:
5-9: -9.9
10-14: -2.9
15-19: 2.1
20-24: 7.1
Squared deviation from the mean:
5-9: 98.01
10-14: 8.41
15-19: 4.41
20-24: 50.41
Sum of squared deviations: 161.24
Variance = 161.24 / 19 = 8.49
Standard deviation = √(8.49) = 2.91
Therefore, the standard deviation for the given data is 2.91 minutes.
2) To find the mean, we need to multiply each speed value by its corresponding frequency, add up the products, and then divide by the total frequency. Using this formula, we get:
Mean = (8*62 + 14*67 + 18*72 + 40*77 + 30*82 + 10*87)/120
= 74.75
Therefore, the mean speed of the cars is 74.75 km/h.
To find the median, we need to arrange the speed values in order and find the middle value. If there are an even number of values, we take the average of the two middle values. Using this method, we get:
Arranged speeds: 60-64, 60-64, 60-64, 60-64, 60-64, 60-64, 60-64, 60-64,
65-69, 65-69, 65-69, 65-69, 65-69, 65-69, 65-69, 65-69, 65-69, 65-69,
70-74, 70-74, 70-74, 70-74, 70-74, 70-74, 70-74, 70-74, 70-74, 70-74,
75-79, 75-79, 75-79, 75-79, 75-79, 75-79, 75-79, 75-79, 75-79, 75-79, 75-79, 75-79, 75-79, 75-79, 75-79, 75-79,
80-84, 80-84, 80-84, 80-84, 80-84, 80-84, 80-84, 80-84, 80-84, 80-84, 80-84, 80-84, 80-84, 80-84, 80-84, 80-84, 80-84, 80-84,
85-89, 85-89, 85-89, 85-89, 85-89, 85-89,
Median = 75-79
Therefore, the median speed of the cars is 75-79 km/h.
c)
To find the mode, we need to identify the speed value that occurs most frequently. Using this method, we get:
Mode = 75-79
Therefore, the mode speed of the cars is 75-79 km/h.
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You have been placed in charge of the closing process for Magnolia Tree Services for the period ending December 31. Time is short, and you must delegate the closing tasks to three bookkeepers in your department. For your initial post, write an email to your co-workers (Sally, Jim and Jan), assigning each of them specific tasks to complete by the end of the week. In the email list the required closing tasks and identify which employee is responsible for each task. Make sure that your co-workers understand the order of the tasks they are to perform.
Dear Sally, Jim, and Jan,
I hope this email finds you all well. As you know, we need to complete the closing process for Magnolia Tree Services for the period ending December 31. Time is of the essence, and I'm assigning specific tasks to each of you to ensure we can complete the process by the end of the week. Please find your respective tasks below, along with the order in which they should be performed.
Sally:
1. Review and reconcile all general ledger accounts for accuracy and completeness.
2. Adjust the accounts for any necessary accruals, deferrals, or reclassifications.
3. Prepare and post all adjusting journal entries.
Jim:
1. After Sally has completed her tasks, verify the accuracy of the trial balance.
2. Prepare the financial statements, including the balance sheet, income statement, and statement of cash flows.
3. Review the financial statements for any discrepancies and communicate with Sally if any adjustments are needed.
Jan:
1. Once Jim has finalized the financial statements, close the temporary accounts (revenue, expense, and dividend accounts) by transferring their balances to the retained earnings account.
2. Prepare and post closing journal entries.
3. Prepare the post-closing trial balance to ensure all temporary accounts have a zero balance.
Please ensure that you complete your tasks in the order listed above, as each task relies on the successful completion of the previous tasks. If you encounter any issues or need clarification, don't hesitate to reach out to me or your colleagues. Let's work together to complete the closing process by the end of the week.
Thank you for your dedication and hard work. I appreciate your cooperation and timely completion of these tasks.
Best regards
Your business depends a lot on gas to transport your goods to stores. The price of oil decreases this will most likely cause the price of your product to_____?
D.Day Enterprise is a merchant dealing in imported goods. The following balances were extracted from the books of the business on 31 December 2014.
Accounts details $
Purchases 74,400
Sales 141,600
Return inwards 4,900
Sundry expenses 370
Freight charges 6,240
Motor vehicle expenses 7,250
Rent and Rates 5,720
Wages 19,600
Bank Loan interest 300
Bank Loan 6,000
Accounts receivable 15,000
Accounts payable 6,050
Inventory as at 1 January 2014 8,540
Equipment 5,800
Motor Vehicle 26,400
Drawings 12,000
Capital 35,700
Cash at Bank 2,830
i. Closing inventory at 31 December 2014 was valued at $10,750.
ii. A provision for doubtful debts of 3% of accounts receivable is to be made.
iii. The rent and rates amount given above includes rent of $900 prepaid till 31 March 2015.
iv. Interest on the loan is at the rate of 10% per annum.
v. Motor vehicles are to be depreciated by 20% per annum.
Prepare the Trial Balance based on the information given in the above table (Ignore the additional information when creating the Trial balance
Answer:Account Title Debit ($) Credit ($)
Purchases 74,400
Sales 141,600
Return inwards 4,900
Sundry expenses 370
Freight charges 6,240
Motor vehicle expenses 7,250
Rent and Rates 5,720
Wages 19,600
Bank Loan interest 300
Bank Loan 6,000
Accounts receivable 15,000
Accounts payable 6,050
Inventory 8,540
Equipment 5,800
Motor Vehicle 26,400
Drawings 12,000
Capital 35,700
Cash at Bank 2,830
Total 189,950 189,950
Note: The Trial Balance is a statement that lists all the accounts in the ledger along with their debit or credit balances. The total of the debit balances should be equal to the total of the credit balances.
Explanation:: The Trial Balance is a statement that lists all the accounts in the ledger along with their debit or credit balances. The total of the debit balances should be equal to the total of the credit balances.
how can you minimize bias in your communication
Answer:
Principles of Preventing Bias. To earn readers' respect and trust and to prevent alienating readers, writers should write in an inclusive and objective manner. ...
Generalization, evidence, self-awareness, objectivity, sensitivity, gender-neutral pronouns, and sensitivity.
Language Policy: People First and Identity First.
Explanation:
Assume a merchandising company provides the following information from its master budget for the month of May:
Sales $ 118,000
Cost of goods sold $ 94,000
Selling and administrative expenses $ 28,000
Accounts receivable, May 1st $ 17,000
Accounts receivable, May 31st $ 23,000
If all of the company’s sales are on account, what is the amount of cash collections from customers included in the cash budget for May?
Answer:$129,000
Explanation:
Beginning accounts receivable: $17,000
Ending accounts receivable: $23,000
Increase in accounts receivable: $23,000 - $17,000 = $6,000
Cash collections from customers = Credit sales - Increase in accounts receivable + Beginning accounts receivable
Cash collections from customers = $118,000 - $6,000 + $17,000
Cash collections from customers = $129,000