Bill is the treasurer for a fast-growing organization whose budget has recently been growing at a rate of 10% per year. The budget last year was $352,000. What should he expect it to be 2 years from now

Answers

Answer 1

Answer:

$426,000

Explanation:

Calculation to determine What should he expect it to be 2 years from now

First step is to calculate for One year budget

In One year budget =$352,000+(10%*$352,000)

In One year budget =$352,000+$35,200

In One year budget=$387,200

Now let determine What should he expect it to be 2 years from now

In Two year budget=$387,200+(10%*$387,200)

In Two year budget=$387,200+$38,720

In Two year budget=$425,920

In Two year budget=$426,000 (Approximately)

Therefore What should he expect it to be 2 years from now is $426,000


Related Questions

Toby has been working on collecting tidbits over the past year from a financial firm's trash in an effort to eventually break into their system. Even though the financial firm has strict restrictions on access to their trash, Toby has been able to bypass these restrictions. How has Toby most likely done this

Answers

Answer:

By acting or posing as a waste management collector looking to fix the dumpster or collect the debris

Explanation:

The computer as an electronic machine has served as a tool or an object of the crime, subject of the crime and an instrument of the crime

Cyber crime

This is simply known as a criminal act. It is the process by which there is the stealing or destruction of information, resources, or funds utilizing computers, computer networks and the Internet.

Computer fraud

This is simply a type of fraud committed with the use of contemporary technology and it is regarded as a law crime. It includes theft of information and corporate espionage etc.

Most cyber crimes are usually well organized. The individual committing the crime usually puts a lot of efforts in achieving their goal. Toby could only have gained access to the company dumpster if he poses as the one or company sent to collect the trash.

Place the steps of the marketing research approach in the correct order. (Note: the first step should be the top item on your list and the last step should be at the bottom of your list) Instructions Choice 1 of 5. develop the research plan toggle button develop the research plan Choice 2 of 5. collect relevant information toggle button collect relevant information Choice 3 of 5. develop findings toggle button develop findings Choice 4 of 5. take marketing actions toggle button take marketing actions Choice 5 of 5. define the problem toggle button define the problem

Answers

Answer:

Choice 5 of 5. Define the problem

Choice 1 of 5. Develop a research plan

Choice 2 of 5. Collect relevant information

Choice 3 of 5. Develop findings

Choice 4 of 5. Take marketing actions

Explanation:

The steps of the marketing research approach includes

Step 1: Defining the problem

Step 2: Construction of the ideologies from which the problem is approached

Step 3: Formulation of research designs through which data and information are collected

Step 4: The collection and analysis

Step 5: Presentation of report and take marketing action

Therefore, the correct order from the given options are;

Choice 5 of 5. Define the problem

At this stage, the problem that is the basis for the research is clearly defined, including the background information, the purpose of the research,  and the information that could be useful in decision making

Choice 1 of 5. Develop a research plan

The blueprint or outline of how the research is to be conducted

Choice 2 of 5. Collect relevant information

The fieldwork in collection of data from the listed sources in the research blueprint

Choice 3 of 5. Develop findings

The findings are analyzed to derive the actionable research results

Choice 4 of 5. Take marketing actions

The implementation of the made decision

Answer:

1. Defining objectives and needs

2. Designing the research

3. Collecting the data

4. Analyzing data and developing insights

5. Developing and implementing an action plan

Suppose the demand for cherries sold from roadside stands in Michigan is perfectly elastic. The owner of one roadside stand raises the price of cherries by 10%, as a result 1 point A. Zero cherries are sold at this stand. B. No change in the quantity demanded at this stand. C. A 10% decrease in the quantity demanded at this stand. D. A 10% increase in the quantity demanded at this stand. E. All available cherries will be sold.

Answers

Answer:

A

Explanation:

Price elasticity of demand measures the responsiveness of quantity demanded to changes in price of the good.

Price elasticity of demand = percentage change in quantity demanded / percentage change in price  

Infinitely elastic demand is perfectly elastic demand. Demand falls to zero when price increases

it is in perfectly competitive markets that demand is perfectly elastic

David opened his own bicycle shop 30 years ago, and although he enjoyed his work, he needed more free time. When Josie requested to work as an apprentice, David was very willing. Before long Josie was able to run the store without any help. This is an example of how:

Answers

Answer:

This is an example of how an apprenticeship can benefit both the business owner and the apprentice.

Explanation:

Apprenticeship is the system or process of hiring someone to train him/her to learn the trade. This method is used in companies and other jobs to train new generations about the trade and also pass on the job.

David may have had the bicycle shop for three decades but now that he desired more free time, he had to pass on the work to someone who can take care of the shop in his place. The apprenticeship of Josie enabled him to have the desired free time while his shop still runs. This is an example of how apprenticeship is beneficial for both parties.

The owner of a small fleet of taxicabs had his cabs serviced by a national chain of auto service centers. One of his cabs went through a stop sign when its brakes failed without warning. The ensuing collision seriously injured the passenger. An investigation revealed that brake repairs had been made on the cab a week before, but the service center's mechanic had used the wrong parts and had made numerous errors in reassembling the brakes. If the passenger sues the cab company owner for her injuries, who should prevail

Answers

Answer:

if you are asking who should prevail in this scenario, its most likely the mechanics.

Explanation:

first off, its the fleet owner who has taken the cabs to that certain mechanic,

therefore he is responsible for the first move, but on the other hand, the mechanics shouldnt be working on cars like taxicabs in the first place with out a license if they DIDNT have one in this case. if they didnt then they would be the ones most likely to lose the case. and another reason, the mechanics knew what theyre doing but never hesitated on switching plans for other brake parts. so in this case, its the mechanics who should prevail.

Which of the following statements is true?
A. ASC 740 focuses on the income tax expense or benefit on the income statement
B. ASC 740 focuses on the balances in the deferred tax assets and liabilities on the balance sheet
C. ASC 740 focuses on the income taxes paid or refunded in the Statement of Cash Flows
D. ASC 740 focuses on the computation of a company's effective tax rate in the income tax note to the financial statements

Answers

Answer:

B. ASC 740 focuses on the balances in the deferred tax assets and liabilities on the balance sheet

Explanation:

ASC 740 applied the asset and liability approach for determining the current tax payable of the company and deferred tax payable for the company both should be refundable also its main focus is on the company balance sheet

So as per the given options, the option b is correct as it focused on the deferred tax asset and the deferred tax liabilities that to be shown on the balance sheet

So, other options should be wrong

A month after your mutual aid agreement is activated for an incident, a participating jurisdiction claims that their responders are suffering from health problems and that is your responsibility to pay for their care. Your first step in this situation should be to: A. Check the Insurance and Liability section of your mutual aid agreement. B. Check the Demobilization section of your mutual aid operational plan. C. Reimburse them. D. Tell them to file a claim with your insurance company.

Answers

Answer:

A. Check the Insurance and Liability section of your mutual aid agreement

Explanation:

Firstly, a mutual aid agreement is a documents that sets the rules or terms under which help or assistance can be provided between two parties, jurisdictions, NGO, etc.

From the above question, it is important that before any step is taken, it is important to check the insurance an liability section of the mutual aid agreement. This will help to ascertain if indeed you are responsible for the healthcare payment of the responders as claimed by the participating jurisdiction.

This helps to clarify who is responsible for the responders.

Cheers

A government will likely ____________________________ to encourage investment in technology R&D by private firms? reduce R&D grants to nonprofit organizations reduce R&D grants to universities spend more on R&D in government laboratories implement fiscal policy establishing tax incentives NEXT

Answers

Answer:

implement fiscal policy establishing tax incentives

Explanation:

Discretionary fiscal policies are deliberate steps taken by the government to stimulate the economy in order to cause the economy to move to full employment and price stability more quickly than it might otherwise.

Discretionary fiscal policies can either be expansionary or contractionary

Tax incentives are taxes designed to encourage certain economic activities

Tax incentives include :

1. tax holidays - the company is exempted from paying tax for a specified period

2. tax reduction - the amount of tax that would be paid is reduced for a specified period.

Tax incentives would reduce the cost of undertaking a particular activity and this can encourage private firms to become involved in that activity

The objectives of the internal control structure for a production cycle are to provide assurance that transactions are properly executed and recorded, and that:
a. independent internal verification of activity reports is established.
b. transfers to finished goods are documented by a completed production report and a quality control report.
c. production orders are pre-numbered and signed by a supervisor.
d. custody of work in process and of finished goods is properly maintained.

Answers

The best Answer is D

Answer:

d. custody of work in process and of finished goods is properly maintained.

The top part of Mars, Inc.'s 2018 balance sheet is listed as follows (in millions of dollars). Current assets: Current liabilities: Cash and marketable securities $ 10 Accrued wages and taxes $ 20 Accounts receivable 40 Accounts payable 30 Inventory 160 Notes payable 40 Total $ 210 Total $ 90 What are Mars, Inc.'s current ratio, quick ratio, and cash ratio for 2018?

Answers

Answer and Explanation:

The calculation is given below:

Current ratio is

= Current assets ÷ current liabilities

= 210 ÷ 90

= 2.33 times

quick ratio is

= Quick assets ÷ current liabilities

= + ($210 - $160) ÷ 90

= 0.56  

And, the Cash ratio is

= cash ÷ Current liabilities

= 0.11

In this way it should be determined

Which of the following best explains the cause-and-effect relationships portrayed by the Balanced Scorecard? Multiple Choice Improvements in the Process perspective leads to improvements in the Learning & Growth perspective. Improvements in the Learning & Growth and Customer perspectives lead to improvements in the Process perspective. Improvements in areas related to Customer and Process perspectives lead to improvements in the Financial perspective. Improvements in the Financial and Process perspectives lead to improvements in the Customer perspective.

Answers

Answer:

Improvements in areas related to Customer and Process Perspectives lead to improvements in the Financial Perspective.

Explanation:

A balance scorecard can be defined as a performance metrics used for measuring and assessing the quality of performance of a company.

Generally, the four (4) performance metrics of a balance scorecard includes the following; customer, learning and growth, internal business processes, and financial.

Hence, a balance scorecard should be used to determine whether or not the operations of a business is in synchronization with its vision statement and values.

Typically, improvements in areas related to Customer and Process Perspectives lead to improvements in the Financial Perspective best explains the cause-and-effect relationships portrayed by the Balanced Scorecard.

Cause and effect can be defined as the relationship between two things or events in which an occurrence of one (cause) leads to the occurrence of another (effect).

. You have determined that Company A's shares have an intrinsic value of $20 per share but are trading at $22 per share, while Company B's shares are worth $25 per share but are trading at $22 per share. What would a rational investor (or an arbitrageur) do to take advantage of this price difference (no short-selling constraint and transaction fee)

Answers

Answer:

a rational investor would short company A's shares and long company B's shares.

Explanation:

Company A's shares are overvalued.

A share is overvalued when its intrinsic value is less than its price

Company B's shares are undervalued.

A share is undervalued when its intrinsic value is greater than its price

It is expected that the price of company's A's share would fall. Investors that are holding this company's share would lose.

On the other hand, it is expected the the price of company B's shares would rise. Investors holding this company's share would gain from the increase in price.

Thus, a rational investor would short short company A's shares and long company B's shares.

Providing incentives for customers to learn more about your service is known as
A. branding
(B. advertising Not the answer)
C. permission marketing.
D. search engine optimization.

Answers

For your answer it’s letter c Because Providing incentives for customers to learn more about your services is known as Permission marketing

Prepare summary journal entries to record the following transactions for a company in its first month of operations. a. Raw materials purchased on account, $100,000. b. Direct materials used in production, $42,000. Indirect materials used in production, $15,000. c. Paid cash for factory payroll, $50,000. Of this total, $36,000 is for direct labor and $14,000 is for indirect labor. d. Paid cash for other actual overhead costs, $8,250. e. Applied overhead at the rate of 120% of direct labor cost. f. Transferred cost of jobs completed to finished goods, $68,175. g1. Jobs that had a cost of $68,175 were sold. g2. Sold jobs on account for $97,000.

Answers

Answer: See explanation

Explanation:

The journal entry will be analysed below:

a. Dr Raw materials inventory $100,000

Cr Accounts payable $100,000

b. Dr Work in process inventory $42000

Cr Raw materials inventory $42000

Dr Factory overhead $15000

Cr Raw materials inventory $15000.

c. Dr Work in process inventory $36000

Dr Factory overhead $14000

Cr Cash $50,000

d. Dr Factory overhead $8250

Cr Cash $8250

e. Dr Work in process inventory = $36000 × 120% = $43200

Cr Factory overhead $43200

f. Dr Finished goods inventory $68175

Cr Work in process inventory $68175

g. Dr Cost of goods sold $68175

Cr Finished goods inventory $68175

Dr Accounts receivable $97000

Cr Sales $97000

show your acquittance with report? discuss the di
different types of report.​

Answers

Answer:

A

report is written for a specific audience; it must always be accurate and objective. ... Types of reports include memos, meeting minutes, expense reports, audit reports, closure reports, progress reports, justification reports, compliance reports, annual reports, and feasibility reports

On January 1, 2010, Wayne's Waffle House purchased a freezer for $45,000. The freezer had an estimated useful life of 10 years and an estimated residual value of $3,000 at the time of purchase. Wayne spent $10,000 on January 1, 2012, to replace the freezer motor. This replacement increased the freezer's life by 5 years and the residual value by $2,000. Assuming that straight-line depreciation is used, what will be the depreciation expense for 2012

Answers

Answer:

$3200

Explanation:

Calculation to determine what will be the depreciation expense for 2012

Using this formula

2012 depreciation expense=Estimated residual value+(Residual value/Estimated useful life)

Let plug in the formula

2012 depreciation expense=$3,000+($2,000/10 years)

2012 depreciation expense=$3,000+$200

2012 depreciation expense=$3,200

Therefore what will be the depreciation expense for 2012 is $3,200

The clerical and editorial employees in a publishing house need to be at their desks by 8:00 AM and follow a set of precise procedures dictated by management. The jobs of these clerical and editorial employees ________.

Answers

Answer: Formalization

Explanation:

Formalization could be defined as the length of an organization's policies, description and rules all spelt out for everyone to see. What makes up formalized structures or what we can know them for are their rules and regulations.

The jobs of these clerical and editorial employees are related to Formalization, they either form this rules out with the management or play the role of spelling it out(written) for all to see.

what is an important function of the federal trade commission?
a. inspecting workplaces for safety violations
b. identifying unfair pricing strategies
c. negotiating trade agreements
d. deciding if discrimination complaints are valid

Answers

Answer:

The FTC protects consumers by stopping unfair, deceptive or fraudulent practices in the marketplace. We conduct investigations, sue companies and people that violate the law, develop rules to ensure a vibrant marketplace, and educate consumers and businesses about their rights and responsibilities.

Answer:Identifying unfair pricing strategies (B)

Explanation:

For managers, the importance of Maslow's contribution is that he showed that workers Group of answer choices are interested only in compensation that helps them fulfill physiological needs. have needs beyond that of just earning a paycheck. are as complex as their organization. expect an employer to fulfill every level in their hierarchy of needs. have needs that cannot be understood by their employer.

Answers

Answer:

have needs beyond that of just earning a paycheck.

Suzanne has purchased a car with a list price of $23,860. She traded in her previous car, which was a Dodge in good condition, and financed the rest of the cost for five years at a rate of 11.62%, compounded monthly. The dealer gave her 85% of the listed trade-in price for her car. She was also responsible for 8.11% sales tax, a $1,695 vehicle registration fee, and a $228 documentation fee. If Suzanne makes a monthly payment of $455.96, which of the following was her original car?
a. 2004 Intrepid
b. 2008 Neon
c. 2005 Viper
d. 2007 Dakota

Answers

Answer:

its a

Explanation:

Michael Bilkman has an opportunity to buy a perpetuity that pays $12,450 annually. His required rate of return on this investment is 13.25%. At what price would Michael be indifferent to buying or not buying the investment? Round off to the nearest $1.
Select one:

a.
$170,877

b.
$93,962

c.
$83,470

d.
$121,709

Answers

Answer:

$266,667.

Explanation:

P / (r-g) = Periodic payment / Interest rate - Growth rate

= 24,000 / (0.12 - 0.03)

= 24,000 / 0.09

= $266,667on:

i think thats it if i am wrong i am very sorry tellme if i am right or wrong.

If the book value per share is $40 and the market price is 52.50 per share calculate the required rate of return on the stock.

Answers

Answer:

0.11 or 11%

Explanation:

The computation of the required rate of return is given below:

Required Rate of Return is

= Next Year Dividend ÷ Current Market Price + Growth Rate

= $3.15 ÷ $52.50 + 0.05

= 0.06 + 0.05

= 0.11 or 11%

working note

Given that

Current Market Price = $52.50

As we know that  

Growth Rate = Return on Equity × Retained Earning Ratio

Now  

Return on Equity = EPS ÷ Book Value of Share

= $5 ÷ 40

= 12.50%

So,  

Retained Earning Ratio is

= 1 - Dividend Payout Ratio

= 1 - 0.60

= 0.40

And,

Dividend Payout Ratio = DPS ÷ EPS

= $3 ÷ $5

= 0.60

Now

Growth Rate = 12.50% × 0.40

= 5%

So,

Next Year Dividend = Dividend Recently paid × (1 + growth rate )

= $3 × 1.05

= $3.15

Outdoor Living Company has just received a special order for 500 hammocks. Outdoor Living has sufficient idle capacity to accept the order. Accepting the order will increase Outdoor Living's total variable manufacturing costs. Which type of cost is considered relevant to Outdoor Living's decision whether to accept or reject the special order?

Answers

Answer:

Raw materials to make the 500 hammocks.

Compare the sources of consumer credit travel and entertainment credit revolving check credit closed-end credit

Answers

Answer:

The source of consumer credit is credit obtained on services like banking, insurance and travel.

Explanation:

Source of consumer credit are savings, credit union, sales , life insurance and loans etc. Entertainment credit is a state provided naturla pension credit union its controlled by the members. Is a loan or a form of credit, where the fund is dispersed in full when the loan is closed and must be given back.

The assembly line changed automobile production methods because: (A)Workers decided what tasks they would perform during the workday. (B)The parts to be worked on were brought to the workers on a moving belt. (C)Workers moved from one car to the next and performed a small task on each one. (D)It enabled each worker to assemble a larger portion of an entire car.

Answers

Answer:

d

Explanation: hi

Balancing life in college will require paying attention to which aspects of your life in order
to reach long and short term goals?
Finances, social life, academics and personal life

Class time and study time,

Managing your weight while dealing with cooking or meal plan.

Paying attention only to your social life can lead to career opportunities,

Answers

Answer:

finance , social life , academics and personal life

importance of general vocational skill in successful business or institution ​

Answers

Explanation:

Vocational Skills education is important because its equips people with the practical skills necessary to begin or enhance a career.

For careers like Medical Assistant, Cosmetologist, and Auto Mechanic, vocational training is a way to get started down the pathway to a career. It takes less time than a traditional college, therefore it is a good choice for people who need to begin using these skills sooner.

In some other careers, like engineering and IT, high level technicians need specialized training. This is often done in addition to traditional education. This is where vocational training plays a role in the lives of those who may have already gone to a four year college.

Vocational training is a great way to change your career as well, as you do not have to commit to spending as much time as required by a traditional college to gain new skills.

TrainUp. com is a great resource to find career training classes for those looking to expand on their skills in the Human Resources, Information Technology, Business Management, Industrial, Finance, and Legal fields. Their training network includes more than 300,000 instructor-led training events and 7,000+ online courses!

At the end of the current year, using the aging of receivable method, management estimated that $31,500 of the accounts receivable balance would be uncollectible. Prior to any year-end adjustments, the Allowance for Doubtful Accounts had a debit balance of $900. What adjusting entry should the company make at the end of the current year to record its estimated bad debts expense?

Answers

Answer:

Dr Bad debt expenses $ 32,400

Cr Allowance for doubtful accounts $ 32,400

Explanation:

Preparation of the adjusting entry that the company should make at the end of the current year to record its estimated bad debts expense

Dr Bad debt expenses $ 32,400

Cr Allowance for doubtful accounts $ 32,400

($31,500+$900)

( To record its estimated bad debts expense)

Estimated Bad debts expense =Account receivables + Debit balance

Estimated Bad debts expense= $31,500 + 900

Estimated Bad debts expense=$32,400

A company's total expected overhead for the year is $500,000. Two activity cost pools have been identified: Customer Service with a total cost of $200,000 and a total activity of 25,000 customer service calls; and Product Development with a total cost of $300,000 and total activity of 20,000 development hours. Using activity-based costing, calculate the appropriate activity rate(s). Multiple choice question. $8 per customer call and $15 per development hour $20 per customer call and $25 per development hour $11.11 per customer call or per development hour

Answers

Answer:

$8 per customer call and $15 per development hour

Explanation:

The computation of the activity rates is shown below:

For customer service

= $200,000 ÷ 25,000

= $8 per customer call

and for product development, the activity rate is

= $300,000 ÷ 20,000

= $15 per development hour

Hence, the first option is correct

ANd, the same is to be considered and relevant

A straight-line production possibilities frontier assumes Group of answer choices the more resources a society uses to produce one good, the fewer resources it has available to produce another good. the opportunity cost of producing a good is constant as more and more of that good is produced. the opportunity cost of producing a good increases as more of that good is produced. resources are specialized; that is, some are better at producing particular goods rather than other goods.

Answers

Answer:

the opportunity cost of producing a good is constant as more and more of that good is produced

Explanation:

In the case of the  production possibilities frontier i.e. on the straight line presumes that the opportunity cost for generating the good should be the similar or constant when the more and more goods are generated or produced

So as per the given options, the above statement should be selected

And, the same is to be relevant

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