Answer: back office
Explanation:
The back office in an organization is simply the part of the organization that is made up of the employees that deals.with administration and also tge support personnel and are typically not required to face the customers or clients like the front office employees.
Some of the back-office functions are IT services, Regulatory compliance, shipping, record maintenance, settlements, accounting, etc.
How much money should be deposited today in an account that earns 3 %compounded semiannually so that it will accumulate to $ 13,000 in three years?
Answer:
PV= $11,889.05
Explanation:
Giving the following information:
Future Value (FV)= $13,000
Number fo periods (n)= 3*2= 6 semesters
Interest rate (i)= 0.03/2= 0.015
To calculate the initial deposit, we need to use the following formula:
PV= FV/(1+i)^n
PV= 13,000 / (1.015^6)
PV= $11,889.05
A company's managers have decided to issue bonds to raise financial capital. What is the first step in this process?
A. Selling the bonds to investors
B. Contacting a financial advisory firm
C. Filing documents with the SEC
D. Determining the firm's creditworthiness
E. Preparing documentation
Answer: Contacting a financial advisory firm
Explanation:
Since the company's managers have decided to issue bonds to raise financial capital, the first step in this process is for them to contact a financial advisory firm.
The financial advisory firm would help in giving advice and also consultation regarding the finance of the company and provide them with strategies that can help the company reduce costs and achieve their financial goals.
In what positive and negative ways has the Internet changed the conduct and coordination of global business?
Answer: Positive ways; Barriers in connecting is slightly no more, Negative ways; Increase in fraud and cyber theft
Explanation:
The internet has changed the conduct and cordination of global business in many ways both positively and negatively. Considering the positive ways
Positive Ways: Barriers in connecting is slightly no more: connecting to one another has been made easy to do business recently, people in continents can carry out a transaction and a trade under minutes of interaction and get the goods and services exchanged among each other immediately.
Negative ways; Increase in fraud and cyber theft; despite the swift nature of doing business now, it has also Increased fraud as some people disguise themselves to be traders and businessmen just to collect people's money.
A company's_______ tells you how much money the company has left over after subtracting all expenses. *
a) Net Profit
b) Gross Profit
c) Revenue
d) Cost Of Goods Sold (COGS)
Answer:
net profit
Explanation:
net profit is the money left after all cost are deducted
Answer:
D: COGS
Explanation:
A company's COGS tells you how much money the company has left over after subtracting all expenses
Seventy farmers in Morgan County joined together to hire Rusty to spray their crops one time (with his cropduster plane). These farmers have formed a: _______
a. business trust.
b. cooperative.
c. franchise.
d. joint venture.
Answer:
d. joint venture.
Explanation:
A cooperative, business trust or a franchise are generally stable businesses that are formed to operate in the long run.
On the other hand, a joint venture occurs when different entities get together to do business and that can be a one time event only. In this case, Rusty was hired for spraying the fields one time only (one time event).
On January 1, 2016, Cobb Co. received, for the sale of a parcel of land, a ten-year note receivable having a face amount of $2,000,000 and a stated interest rate of 8% payable annually each December 31. The market rate of interest for this type of note is 10%. Present value factors are as follows: At 8% At 10% Present value of 1 for 10 periods 0.46319 0.38554 Present value of an ordinary annuity of 1 for 10 periods 6.71008 6.14457
Answer: $1,754,211
Explanation:
8% of $2,000,000 will be payable every year for 10 years;
= 2,000,000 * 8%
= $160,000
The amount received from selling the land is;
= Present value of interest payable annually + Present value of Note
= (160,000 * Present value interest factor of annuity, 10 years, 10%) + (2,000,000 * present value interest factor, 10 years, 10%)
= (160,000 * 6.14457) + (2,000,000 * 0.38554)
= $1,754,211
Biogenetics, Inc. plans to retain and reinvest all of their earnings for the next 30 years. Beginning in year 31, the firm will begin to pay a $30 per share dividend. The dividend will not subsequently change. Given a required return of 18%, what should the stock sell for today?
Answer:
the stock sell for today is $1.16
Explanation:
The calculation of the stock sell for today is as follows;
Value after year 31 is
= (D31 ÷ Required return)
= $30 ÷ 0.18
= $166.666667
Now the current value is
= Future dividend and value × Present value of discounting factor(rate%,time period)
= $30 ÷ 1.18^31 + $166.666667 ÷ 1.18^31
= $1.16
Hence, the stock sell for today is $1.16
We simply applied the above formula so that the correct value could come
And, the same is to be considered
Four years ago, Lyle Mercer was injured in a railroad accident and sued the railroad for damages. The jury required the railroad to pay $600,000 compensation for his physical injuries, $150,000 for lost wages during his long recuperation, and $1,000,000 punitive damages. How much of the $1,750,000 settlement is included in Lyle's gross income?
Answer and Explanation:
The amount that settled is as follows
The total amount is $1,750,000
Out of which
The amount of
= $1,000,000 + $150,000
= $1,150,000
This would be involved in the AGL of L and the $600,000 would not be involved in the gross income as the taxpayer got injured by the other party act
So, the same is to be considered
Besides knowing the amount of sales, what other
information is required to calculate a return on
sales (ROS)?
Answer:
selling price, variable cost, fix cost
Explanation:
A stock is currently selling for $79 per share. A call option with an exercise price of $83 sells for $3.95 and expires in three months. If the risk-free rate of interest is 2.8 percent per year, compounded continuously, what is the price of a put option with the same exercise price? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
Answer: $7.37
Explanation:
The price of a put option with the same exercise price would be calculated as:
C + Xe^-rt = P + S
It should be noted that in the formula above,
P = Put option price
C = price of call option
S = stock price
X = exercise price
r = interest rate
t = time
We then slot in the values which will be:
= 3.95 + 83e^-2.8% × 3/12 = P + 79
P = 3.95 + 83e^-2.8% × 3/12 - 79
P = 3.95 + 82.42 -79
= $7.37
Explain the actions the FED should take if it wanted to move from a point on the short-run Phillips curve representing high unemployment and low inflation to a point representing lower unemployment and higher inflation.
Answer:
The short run Phillips curve states that there is an inverse relationship between unemployment and inflation in the short run.
Since unemployment is high and the inflation rate is low, in order for the FED to decrease unemployment and increase inflation it must decrease the interest rate. That way, the economy should kick off and start growing which should decrease unemployment and at the same time will increase inflation.
Terrapins has a bond issue outstanding with nine years remaining to maturity, a coupon rate of 10% with interest paid semi-annually, and a par value of $1,000. If the current market price of the bond issue is $814.45, what is the yield to maturity?
Answer:
the answer is $345.98.
Explanation:
hope it helps you
Piper Pizzaâs pizza-and-sub deal is back! Any consumer who orders two pizzas will get a free meatball sub. Piper Pizzaâs promotion uses ____ to increase short-term sales.
Answer:
YUMMM
Explanation:
Pizza sounds good, sorry lol
Any consumer who orders two pizzas will get a free meatball sub. Piper Pizzas' promotion uses loyalty programs to increase short-term sales.
What type of promotion is a loyalty program?Retailers and other companies who sponsor loyalty programs do so in an effort to draw and keep consumers by providing prizes, discounts, and other unique incentives. They are made to reward customers for their brand or shop loyalty and promote repeat business (hence the name). Usually, a consumer receives bigger benefits the more frequently they shop at the business and the more money they spend.
The purpose of loyalty programs is to reward customers for their continued patronage by providing benefits, discounts, or other unique incentives. Companies profit from loyalty programs not only by fostering client loyalty but also by receiving vital data on consumer spending patterns and the most tempting goods or offers. Retailers and other businesses provide loyalty programs as a strategy to draw in and keep consumers.
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In September 2008, the stock market fell sharply and continued to perform poorly due to the financial crisis. How did this change impact GDP in the economy?
Answer:
Many people's wealth is held in stocks and as the price of stocks collapsed, they lost wealth.
Imagine that this happened to you. One day you are rich and that affects your spending habits. In a matter of few days or weeks, you lose a large portion of your wealth. So now, you are less rich or even poor. So your spending habits will be altered, i.e. you will spend less.
If you consider the economy as a whole, aggregate demand will fall, resulting in a decrease of aggregate supply, and an overall decrease of the GDP.
In planning for your retirement, you have decided that you would like to be able to withdraw $60,000 per year for a 10 year period. The first withdrawal will occur 20 years from today.
a. What amount must you invest today if your return is 10% per year?
b. What amount must you invest today if your return is 15% per year?
Answer:
a. $66,309
b. $24, 333
Explanation:
In both scenarios, the Cash Flows are uneven. thus we need to be careful the way we use the Time Value of Money. What we will be looking for is the Net Present Value - the Initial cost of the Investment.
Step 1
The summary of cash flows for this project can be shown as follows :
Year 0 = ? (to be calculated)
Year 1 to Year 19 = 0
Year 20 to Year 30 = $60,000
Step 2
Using the CFj Function of the Financial calculator, we can then calculate the Net Present Value as :
Part a
$0 CFj
19 Nj
$60,000 CFj
10 Nj
10 % I/YR
Shift NPV = $66,309
Part b
$0 CFj
19 Nj
$60,000 CFj
10 Nj
15 % I/YR
Shift NPV = $24,333
Q2. Which of the following is not covered under Marine Insurance?
a Theft insurance
b. Marine insurance
c. Life insurance
d. Fire insurance
Answer:
Marine Insurance? lol kinda make no sense
Does anyone know how to slap babies correctly?
Answer:
no don't do that.
Explanation:
Answer:
Yes. You get in the car, buckle up, ad drive to the police station and turn yourself in for child abuse :)
Explanation:
In a period when costs are declining and inventory quantities are stable, the lowest cost of goods sold would be reported by using the inventory method of
Answer:
LIFO
Explanation:
To record the lowest cost of goods sold, the ending inventory amount must be high. This would only be high in LIFO whish would not be affected by declining costs.
By using LIFO (Last in First Out) inventory valuation will be based on the value of the earliest goods purchased instead of latest goods purchased as in FIFO (First In First Out)
As the marginal propensity to consume (MPC) increases, the spending multiplier: Increases, decreases, stays the sameIf the marginal propensity to consume is 0.70, then, assuming there are no taxes or imports, the multiplier is: (Note: round to the nearest tenth)Given the multiplier that you calculated, what is the total impact on spending when there is a $1,000 increase in government spending?
Answer:
(a) As the marginal propensity to consume (MPC) increases, the spending multiplier Increases.
(b) Multiplier is 3.30.
(c) Total impact on spending is $3,300.
Explanation:
(a) As the marginal propensity to consume (MPC) increases, the spending multiplier: Increases, decreases, stays the same.
In economics, the higher the MPC, the higher the spending multiplier.
Therefore, as the marginal propensity to consume (MPC) increases, the spending multiplier Increases.
(b) If the marginal propensity to consume is 0.70, then, assuming there are no taxes or imports, the multiplier is: (Note: round to the nearest tenth).
This can be calculated as follows:
Multiplier = 1 / (1 - MPC) = 1 / (1 - 0.70) = 1 / 0.30 = 3.33333333333333
Rounding to the nearest tenth, we have:
Multiplier = 3.30
(c) Given the multiplier that you calculated, what is the total impact on spending when there is a $1,000 increase in government spending?
Total impact on spending = Increase in government spending * Multiplier = $1,000 * 3.30 = $3,300
The spending multiplier rises as the marginal propensity to consume (MPC) rises. 3.30 is the multiplier. The total financial impact is $3,300.
What is the total impact on spending?(a) The spending multiplier grows, declines, or remains constant when the marginal propensity to consume (MPC) increases.
The higher the MPC, the higher the spending multiplier in economics.
As a result, the spending multiplier rises as the marginal propensity to consume (MPC) rises.
(b) If the marginal propensity to consume is 0.70, the multiplier is: assuming no taxes or imports (Note: round to the nearest tenth).
Computation:
[tex]\text{Multiplier} = 1 / (1 - MPC) \\= 1 / (1 - 0.70) \\= 1 / 0.30 \\= 3.33333333333333[/tex]
If we round to the nearest tenth, we get: a 3.30 multiplier
(c) Given the multiplier you computed, what is the total impact on spending when government spending is increased by $1,000?
[tex]\text{Total impact on spending = Increase in government spending} \text{ x } \text{Multiplier}\\ = $1,000 \text { x } 3.30 = $3,300[/tex]
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Carolyn has an AGI of $38, 400 (all from earned income), two qualifying children, and is filing as a head of household. What amount of earned income credit is she entitled to?
a) $4.256
b) $5, 572
c) $3, 305
d) $1, 316
e) $0
Answer:
d) $1, 316
Explanation:
Particulars Amount
Maximum Credit $5,572
Phase out limit $4,256 (38,400 - 18,190)*21.06%
Earned Income Credit Entitled to = Maximum Credit - Phase out limit
Earned Income Credit Entitled to = $5,572 - $4,256
Earned Income Credit Entitled to = $1,316
A credit union is different from a bank mainly because
Answer:D:(A cooperative lending institution for a particular group.)
Explanation:
A credit union is different from a bank mainly because it is owned and controlled by its members, who are typically individuals with a common bond, such as belonging to a specific community or organization.
In the context of a credit union, a common bond refers to a shared characteristic or affiliation among its members, such as living in the same community, working for the same employer, or belonging to a specific organization.
This common bond serves as the basis for membership eligibility and participation in the credit union. It fosters a sense of community and cooperation among members, who collectively own and control the credit union.
The common bond principle promotes a more personalized and community-oriented approach to financial services, catering to the specific needs and interests of the members it serves.
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Suppose payments were made at the end of each month into an ordinary annuity earning interest at the rate of 4.5%/year compounded monthly. If the future value of the annuity after 11 years is $55,000, what was the size of each payment?
Answer:
The size of each payment was $322.78.
Explanation:
This can be calculated using the formula for calculating the Future Value (FV) of an Ordinary Annuity as follows:
FV = M * (((1 + r)^n - 1) / r) ................................. (1)
Where,
FV = Future value of the amount after 11 years = $55,000
M = Monthly payment = ?
r = Monthly interest rate = 4.5% / 12 = 0.045 / 12 = 0.00375
n = number of months = 11 years * 12 = 132
Substituting the values into equation (1) and solve for M, we have:
$55,000 = M * (((1 + 0.00375)^132 - 1) / 0.00375)
$55,000 = M * 170.394706737074
M = $55,000 / 170.394706737074
M = $322.779979808101
Rounding to 2 decimal places, we have:
M = $322.78
Therefore, the size of each payment was $322.78.
Kim's Bridal Shoppe has 10,200 shares of common stock outstanding at a price of $36 per share. It also has 215 shares of preferred stock outstanding at a price of $87 per share. There are 520 bonds outstanding that have a coupon rate of 5.5 percent paid semiannually. The bonds mature in 17 years, have a face value of $1,000, and sell at 93 percent of par. What is the capital structure weight of the common stock?
Answer:
26.43 %
Explanation:
The Capital Structure is based on the Market Weight of the Sources of Finance as shown below :
Equity market value = Number of shares × price/share
Equity market value = 10,200 × $36
Equity market value = $367,200
Current debt value = Number of bonds × price/bond
Current debt value = 520 × (1930)
Current debt value = $1,003,600
Preferred stock value = Number of shares × price/share
Preferred stock value = 215 × $87
Preferred stock value = $18,705
Total capital = Common equity value + Debt value + Preferred stock value
Total capital = $367,200 + $1,003,600 + $18,705
Total capital = $1,389,505
Weight of Equity = Equity value / Total capital
Weight of Equity = $367,200 / $1,389,505
Weight of Equity = 26.43 %
A perpetual bond with a par value of $1,000 and a coupon rate of 7.75% has a current market price of $900. What is its yield to maturity
a. 9.32%
b. 8.33%
c. 7.92%
d. 9.45%
e. 8.61%
Answer: e. 8.61%
Explanation:
This is a perpetual bond so the price is calculable by;
Price = Coupon / Yield to Maturity
Coupon = 7.75% * 1,000
= $77.50
900 = 77.50/ YTM
900 * YTM = 77.50
YTM = 77.50/900
= 8.61%
On July 1, Smith Company borrowed $430,000 cash by signing a 10-year, 8% installment note requiring equal payments each June 30 of $64,083. What amount of interest expense will be included in the first annual payment?
a. $29,683
b. $34,400
c. $400,317
d. $43,000
e. $64,083
In the economy represented by the graph, which set of economic measures is
most likely present at point B in the business cycle?
The Business Cycle
А
с
Production output
D
B
Time
O A. The steady growth line has started to decline.
O B. The unemployment rate is at its lowest point.
O c. Gross domestic product is at its lowest point.
O D. The economy has started a period of recession.
The economy represents by the graph is a set of measures that is most likely to occur in the business cycle are Gross domestic product is at its lowest point. Thus option C is correct.
What are economic measures?The economic measures are those that economist use for measuring the economy of a country and include the GDP, unemployment, and inflation. The GDP is the most important measure and refers to the business cycle. As per the graph, the GDP is at the lowest point.
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Answer: the unemployment rate is at its lowest point
Explanation:
just took the test
On January 1, Jim Shorts Corporation issued $300 million face value bonds for $580 million. During the same year, $1,500,000 of the bond premium was amortized. On a statement of cash flows prepared by the indirect method, Jim Shorts Corporation should report: A) An addition to net income of $1,500,000. B) An investing activity of $580 million. C) A financing activity of $300 million. D) A deduction from net income of $1,500,000. g
Answer: a deduction from net income of $1,500,000.
Explanation:
Based on the statements provided in the question, it should be noted that Jim Shorts Corporation should report a deduction from net income of $1,500,000 on the statement of cash flows prepared by the indirect method.
It should be noted that the caah flow statement would start the accrual basis of the net income under an indirect method of the cash flow and then, all the non-cash items would either be added or subtracted in order for the reconciliation of account.
A coupon bond that pays interest of $60 annually has a par value of $1,000, matures in 5 years, and is selling today at a $75.25 premium from par value. The current yield on this bond is _________.
a. 6%
b. 6.49%
c. 6.73%
d. 7%
Answer:
b. 6.49%
Explanation:
Calculation for The current yield on this bond
First step is to calculate the Current price
Current price = $1,000 - 75.25
Current price = $924.75
Now let calculate the Current yield using this formula
Current yield =Coupon bond interest/Current price
Let plug in the formula
Current yield = $60/$924.75
Current yield = 6.49%
Therefore the current yield on this bond is 6.49%
If marginal cost is above average total cost,
A Average total cost is rising
B Average total cost is falling
C Average total cost is at its minimum
D Average total cost is at its maximum
Answer:
Average total cost is rising
In designing health promotion efforts, it is important to set clear goals and measure how successful you are compared to the money and time you invest. This is known as:__________.
a. Objectivity
b. Diffusion of innovations
c. Accountability
d. Two-step flow
Answer:
c. Accountability
Explanation:
This is known as accountability. In other words its making sure that you are holding yourself accountable for doing what you need to do and making sure that your efforts are not for nothing. This is done by staying on top of your choices and adjusting your decisions so that the money and time you invest are paying off with and pushing you towards the goals that you have set forth.
