The onscreen form which is used to record a vendor transaction when a payment Is made at the time of purchase is the bill form.
What is the bill form?A Bill form records expenses paid for at the time the product or service is received via paying cash, check or credit card. An Expense form records services the company has received and must pay the vendor later. 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.
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the likelihood that political forces will cause drastic changes in a country's business environment and adversely affect the potential for a company to make a profit is called a risk. multiple choice question. political legal social economic
the likelihood that political forces will cause drastic changes in a country's business environment and adversely affect the potential for a company to make a profit is called a Political risk.
Political risk refers to the possibility that political forces will cause significant changes in a country's business environment, leading to unfavorable conditions for a company operating within that country. This type of risk is particularly relevant for companies operating in foreign markets, where they may be vulnerable to the unpredictable actions and decisions of foreign governments, as well as local political instability, conflicts, or even war. Examples of political risks that companies may face include changes in government policies and, such as changes in tax laws, trade policies, or labor laws. Companies may also be impacted by political unrest, civil war, or coups that can disrupt their operations and result in losses. The risk may also be in countries with weak institutions, inconsistent enforcement of laws and regulations, or a history of political instability. It's important to note that political risk is different from other types of risks, such as economic, legal, or social risks, as it specifically relates to the political environment in which a company operates. Companies must assess the political risk associated with each market they are considering doing business in and weigh it against the potential benefits of entering that market. They may also use political risk insurance to mitigate the risk associated with operating in politically unstable environments.
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Understanding key document terms in a job cost shop (Learning Objective 2)Listed below are several document terms. Match each term with the corresponding statement in the list provided. Some terms may be used more than once and other terms may not be used at all.Termsa. Bill of materialsb. Job cost recordc. Production scheduled. Purchase orderse. Raw materials recordf. Labor time recordg. Receiving reporth. Materials requisitioni. Invoice1. A(n) ___is used to accumulate all of the costs affiliated with each job.2. All direct laborers in the factory fill out a(n)____3. The accounting department will not pay a(n)___ unless it agrees with the quantity of parts both ordered and received.4. Each item in the raw materials storeroom has its own____5. The___ is a control for the materials stored in the storeroom. In order to get direct materials, a(n)____must be presented.6. Before production begins, a manufacturer's purchasing department issues___to its supplier for needed direct materials.7. A(n)__ is typically a duplicate of the purchase order but without the quantity prelisted on the form. 8. The____is like a list of ingredients in a recipe, stating the materials needed to produce a product.
1. (b)job cost record 2. (f) labour time record. 3. (i)invoice 4. (e)raw materials record. 5. (e) raw materials record,(h) materials requisition must be presented. 6 (d) purchase orders.7 (g) receiving report 8. (a) bill of materials.
What is a job cost record?A job cost record is used to aggregate the costs of direct materials, direct labor, and the overhead to be applied to a specific job. As such, it is a source document for a job costing system, in which costs are accumulated for batches of units.
The materials listed on the record are extracted from material requisition forms, while the hours listed on it are taken from employee and contractor timesheets.
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Adjusting entries help to ensure that all ______ are recorded in the period in which they are incurred.A. cash transactionsB. closing entriesC. journal entriesD. expenses
Adjusting entries aid in making sure that every expense is documented during the time that it occurs.
What are expenses in account?The money spent, and expenses incurred, by a corporation in an effort to create revenues are referred to as expenses in accounting. Accounts expenses are essentially the aggregate of all the actions that presumably result in a profit; they are the cost about doing company.
What are basic expenses?As the name suggests, basic living expenses are those required for daily existence. As the name suggests, basic living expenses are those required for daily existence, with the main categories being housing, nutrition, clothing, transport, healthcare, and pertinent miscellaneous items.
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which of the following life cycle models requires the most management sophistication and attention? group of answer choices staged delivery iterative/incremental pure waterfall modified waterfall
The next set of life cycle models calls for the most advanced management techniques and staged delivery of answer options.
An advanced example, what is it?a thorough grasp of culture and fashion, as well as a good comprehension of human behavior: She had a stylish appearance and was thin. There aren't any books in my collection that I believe would appeal to your refined tastes. He was from London, was older than I was, and struck me as being quite smart.
How does sophisticated behavior look like?Make sure you never walk too quickly, frantically dig through your luggage for a misplaced item, or otherwise behave in a way that makes you appear harried and unsure of yourself. Sophisticated individuals are confident, in charge, and calm.
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the problem solving approach followed by an organizational buyer in a new task buying situation is: a. selective. b. extensive. c. cerebral. d. systematic. e. none of the answer choices
The problem solving approach followed by an organizational buyer in a new task buying situation is: b. extensive.
The required details about organizational buyer is mentioned in below paragraph.
Organizational buyers are people who represent an organization. When making purchases, these buyers frequently consider both their own tastes and the expected preferences of the customers to whom the organizational buyer's business will sell.. There are various types of organizational purchasers. Resellers are either wholesalers or retailers who purchase goods from one company and resell them to another. For instance, major grocery chains may purchase goods directly from producers and resell them to final customers.
The three different buy classes are: (1) new buy, where an organization purchases a good or service for the first time; (2) straight rebuy, where an organization purchases a good or service from a list of approved suppliers again; and (3) modified rebuy, where an organization's buying center modifies the good's specifications.
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ontinue to assume a direct quotation of $2.00 per euro. suppose you have also been given a direct quotation of $0.05 per peso. the cross exchange rate, indicating the euro value in terms of pesos, is
The cross exchange rate is 40 pesos per euro. This means that one euro is equal to 40 pesos.
The cross exchange rate is a term used to describe the value of one currency expressed in terms of another currency. It is calculated by dividing the value of one currency in the domestic market by the value of the same currency in the foreign market. The cross exchange rate is used to determine the exchange rate between two currencies that are not both the domestic currency or both the foreign currency.
The reciprocal of the direct quotation of the peso in terms of euros. To find the cross exchange rate, divide 1 by the direct quotation of the peso in terms of euros.
$0.05 per peso ÷ $2.00 per euro = 1/40
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you can easily identify covalent compunds because all elements in the compunds are classified as -------------
You can easily identify covalent compounds because all elements in the compounds are classified as non-metals.
What are covalent compounds?
When two or more nonmetal atoms join together via shared valence electrons, a covalent molecule is created. Once two atoms start sharing electrons, covalent bonds are created.
Water (H2O), methane (CH4), oxygen (O2), nitrogen (N2), and hydrogen (H2) are five examples of covalent bonding.
A covalent bond is a chemical connection formed when two atoms share electron pairs.
Although the structure of a water molecule is ionic, the bond is covalent because two hydrogen atoms place their positive charges on opposite sides of the oxygen atom, which has a negative charge.
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question content area in the chart of accounts, the balance sheet accounts are normally listed in which order?
Accounts are displayed on a chart of accounts in the same order as they do on your financial statements. As a result, the balance sheet accounts for assets, liabilities, and shareholders' equity are displayed first, followed by the accounts for revenue and costs (income statement accounts).
In the chart of accounts, the balance sheet accounts are normally listed in order of liquidity, starting with the most liquid assets, such as cash and short-term investments, and ending with the least liquid assets. This arrangement allows for a clear picture of a company's financial position, including its ability to pay debts as they come due. The order of the balance sheet accounts typically follows the sequence of assets, liabilities, and equity.
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an increase in europe's taste for u.s.-produced fords would cause the dollar to a. appreciate and would decrease u.s. net exports. b. appreciate and would increase u.s. net exports. c. appreciate, but the total value of u.s. net exports stays the same. d. depreciate and would decrease u.s. net exports. e. depreciate and would increase u.s. net exports.
An increase in europe's taste for u.s.-produced fords would cause the dollar to appreciate, but the total value of u.s. net exports.
What refers to an increase in a currency's value based on how much foreign money it can purchase?An gain in the particular currency in comparison to another is known as currency appreciation. For a variety of factors, including governmental policies, mortgage rates, current account, and business cycles, currencies appreciate against one another.
What of the foregoing will lessen the net capital outflow of a nation?The difference between domestic residents' purchases of foreign assets and foreign residents' purchases of domestic assets is known as the net capital outflow. Net investment outflow (NCO) of a nation will always be equal to net exports (NX). In the absence of change in other factors, a state's real interest rate rises reduce net capital outflow.
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provides details about the flow of funds from operating, investing, and financing activities is called ?
A cash flow statement, commonly referred to as a statement of cash flows, is used in financial accounting to break down an analysis into operating, investing, and financing operations.
What offers information on how money moves through operating, investing, and financing activities?The cash flow statement gives crucial details regarding a company's cash inflows and outflows throughout an accounting period, as well as details regarding its operating, investing, and financing activities.
A cash flow statement lists all of an organization's cash inflows from current operations and outside investment sources. The cash flow statement shows the cash the business has generated from operations, investments, and financing. Net cash flow is the name given to this sum.
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shayley's reading an article about hiking trails on her mobile phone and sees an ad for hiking boots from outdoor retailer onestop. she has the onestop app installed and clicks on the ad. onestop has enabled deep linking. what will happen next?
Shayley will be taken directly to the hiking boots section of the OneStop app.
What is Business strategic planning?The process of developing a business strategy and an accompanying business strategic plan to carry out a company's vision and accomplish its objectives over time is known as business strategic planning. Leaders of a company develop their future vision and determine their organization's goals and objectives through the process of strategic planning. Establishing the order in which these objectives should be accomplished can help the organization attain its stated vision. A strategic plan comprising a goal, a strategy, and a tactic can look like this: Goal (what the organization wants): Over the following two quarters, boost online sales by 20%. Strategy (how the organization will obtain it): In the next two quarters, increase internet marketing and social media presence by 25%.
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the main reasons certain products dominate energy usage around the world is because they are group of answer choices easy to store and transport. favored by most governments. the cheapest form of fuel. the most efficient forms of fuel. unlimited.
The main reasons certain products dominate energy usage around the world can be attributed to a variety of factors. Firstly, these products are often easy to store and transport, making them more convenient and cost-effective for businesses and consumers.
What is transport?Transport is the movement of people, animals and goods from one place to another. It is a key component of the economy, and is necessary for the functioning of society. Transport can be divided into three main categories: land, air, and water.
Secondly, many governments favor these products due to their cost-effectiveness, which helps to reduce energy costs for the public. Thirdly, they are often the cheapest forms of fuel, making them attractive to those who are looking to save money. Finally, many of these products are the most efficient forms of fuel, meaning that they are able to produce more energy with less resources. While some energy sources may be unlimited, the majority of products used for energy are finite, meaning that their availability can be limited.
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At the center of all analyses of the marketing environment is the _____ and his or her specific behavior and attitudes.
The consumer and his or her distinct behaviour and views are at the focus of any analysis of the marketing environment. consumer.
What are the central questions underlying every analysis of the marketing environment?
The consumer is crucial to the examination of the marketing environment.
What is marketing environment analysis?
The consumer and his unique behaviour and views are at the focus of all studies of the marketing environment.
The phrase "marketing environmental analysis" describes a strategic analytical tool that aids in locating internal and external environmental aspects that have an impact on an organization's capacity to function effectively. The organization's structure, culture, and rules are developed by managers to provide employees with clear guidelines.
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according to research, self-construals vary within a culture. which american man below is most likely to have an independent self-construal? group of answer choices john, who is a middle-class teacher george, who is a lower-class factory worker paul, who is an upper-class businessman richard, who is a middle-class office manager
According to research, self-construals conception of self that is more prevalent in collectivistic societies with the western or individualistic conception of self as an independent. The correct answer is D. who is a middle-class office manager.
In social psychology, a construal is a person's perception, understanding, and interpretation of their environment, particularly how other people are acting towards them. The significance of a subjective construal has been accepted by virtually every branch.
Of psychology, especially in regard to the ideas of the false consensus effect and the basic attribution error. Self-construal and construal in a social context are different things. Environmental perception is a perception of one's surroundings, whereas self-construal is a perception of oneself. When one lacks the information to properly handle a problem, conceptualization is crucial. Western or individualistic and Composite are hence the appropriate responses.
Complete question:
According to research, self-construals vary within a culture. which american man below is most likely to have an independent self-construal? group of answer choices
A. john, who is a middle-class teacher george,
B. who is a lower-class factory worker paul,
C. who is an upper-class businessman richard,
D. who is a middle-class office manager
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what is the amount of interest earned after two years on a $100 deposit paying 4 percent simple interest annually? $8.00 $4.08 $8.16 $4.00
The amount of interest earned after two years on a $100 deposit paying 4 percent simple interest annually is $8.00. Hence, the correct option is (A).
What Is Interest?Interest is the amount of money that is the right of the borrower to the recipient of the loan. This interest can be in the form of expenses for money borrowers and can be in the form of revenue for lenders. Basically, this interest is a monetary charge given as profit from the loan. Interest is generally calculated periodically in one year. In the illustration above, we see that the money deposited is $100 and the interest rate is 4%. Therefore, interest in 1 year amounts to $ 4.00 and becomes $8.00 because it has been running for 2 years.
The question was incomplete, but most probably your question was:
The amount of interest earned after two years on a $100 deposit paying 4 percent simple interest annually is
A. $8.00
B. $4.08
C. $8.16
D. $4.00
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which point on the graph is most likely to be the new equilibrium after an increase in wages of bicycle workers, and a significant increase in the price of gasoline?
The point in a graph that show about the new equilibrium after an increase in wages of bicycle workers, and a significant increase in the price of gasoline is point 4.
In the term of economic market, Equilibrium generally can be defined as a point where achieved at the price at which quantities demanded and supplied are equal. The economic market can be presented in the equilibrium in a graph by showing the combined price and quantity at which the supply and demand curves intersect.
The question above is incomplete, the complete question is:
Refer to the above graph, which shows the market for bicycles. S1 and D1 are the original supply and demand curves. D2 and D3 and S2 and S3 are possible new demand and supply curves. Starting from the initial equilibrium (point 1), which point on the graph is most likely to be the new equilibrium after an increase in wages of bicycle workers, and a significant increase in the price of gasoline?
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refer to table 12.2. the externality created by the refrigerator production was $100. however, once we accounted for both the private and additional external costs, the market price increased by only $50. if the external costs were $100 why did the price only increase by $50 when we accounted for all costs?
The external costs of production are typically not reflected in the market price of a good, since they are external to the production process. In this case, the external costs of refrigerator production were $100, but they were not included in the market price of the good.
When all costs are taken into account, the market price only increased by $50, since the external costs of production were not included in the original market price. Therefore, the external costs of production were not fully reflected in the market price, leading to an undervaluation of the true cost of production.
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you have a $2 million portfolio consisting of a $100,000 investment in each of 20 different stocks. the portfolio has a beta of 1.4. you are considering selling $100,000 worth of one stock with a beta of 0.9 and using the proceeds to purchase another stock with a beta of 1.7. what will the portfolio's new beta be after these transactions? do not round intermediate calculations. round your answer to two decimal places.
The portfolio's new beta after these transactions is 1.44. The new beta of the portfolio is the measure of the portfolio's systematic risk (also known as market risk) in relation to the overall market.
The portfolio's beta can be recalculated after these transactions as follows:
First, we need to determine the impact of selling the stock with beta 0.9:
Initial weight of the stock = $100,000 / $2 million = 0.05
New weight of the stock = 0
Change in weight = New weight - Initial weight = 0 - 0.05 = -0.05
Impact on portfolio beta = Change in weight * Stock beta = -0.05 * 0.9 = -0.045
Next, we need to determine the impact of purchasing the stock with beta 1.7:
Initial weight of the stock = 0
New weight of the stock = $100,000 / $2 million = 0.05
Change in weight = New weight - Initial weight = 0.05 - 0 = 0.05
Impact on portfolio beta = Change in weight * Stock beta = 0.05 * 1.7 = 0.085
Finally, we can calculate the new beta of the portfolio:
Initial beta = 1.4
New beta = Initial beta + Impact on portfolio beta = 1.4 + (-0.045) + 0.085 = 1.44
So, the portfolio's new beta after these transactions is 1.44.
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we purchased a vehicle for $45,000. it has an estimated useful life of 5 years and no residual value. what is the dollar amount we would record in our adjusting entry each month for depreciation of the vehicle if we use the straight-line method of depreciation?
The dollar amount that we would record in our adjusting entry each month for the depreciation of the vehicle using the straight-line method would be $750.
The straight-line method of depreciation calculates the depreciation expense evenly over the useful life of an asset. To calculate the monthly depreciation expense, we first need to determine the total amount of depreciation over the useful life of the asset, and then divide that amount by the number of months in the asset's useful life.
The total depreciation over the useful life of the vehicle can be calculated as follows:
Depreciation = Cost of Asset - Residual Value
= $45,000 - $0 (since there is no residual value)
= $45,000
The number of months in the useful life of the vehicle is 5 years * 12 months/year = 60 months.
Therefore, the monthly depreciation expense can be calculated as follows:
Monthly Depreciation = Depreciation / Useful Life in Months
= $45,000 / 60 months
= $750
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alfred will receive a payment 9 years from now totaling $10,500. based on a discount rate of 9.5%, how much is the trust fund payment worth in today's dollars?
In 9 years Alfred will receive a payout of $10,500. With a 9.5% discount rate, trust fund payment of $10,500 in 9 years is worth $6,058.14 in today's dollars.
To calculate the present value of the trust fund payment, we need to use the formula:
PV = [tex]FV / (1 + r)^tx^{2}[/tex]
where:
PV is the present value
FV is the future value ($10,500)
r is the discount rate (9.5%)
t is the number of years until the payment is received (9 years)
First, we need to convert the discount rate from a percentage to a decimal: 9.5% = 0.095
Next, we plug in the values into the formula:
PV = $[tex]10,500 / (1 + 0.095)^9[/tex]
Finally, we can use a calculator to perform the calculation:
PV = $[tex]10,500 / (1.095)^9[/tex]
= $6,058.14
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All of the following shift the supply of watches to the right except
A. An increase in the price of watches
B. An advance in the technology used to manufacture watches
C. A decrease in the wage of workers employed to manufacture watches
D. Manufacturers’ expectations of lower watch prices in the future
The option that will not shift the supply of watches to the right is A. An increase in the price of watches.
Why does price not cause a shift in supply ?Only factors other than price adjustments can create changes in the supply and demand curves. Only a movement along the supply or demand curve results from price changes. This is due to the fact that consumers will simply desire fewer products at higher price points, which causes us to move down the demand curve to a lower level of quantity.
The shift in the supply curve is related to the change in supply. A change in amount supplied rather than a change in supply occurs when the price of the commodity itself changes.
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4000 dollars is invested in a bank account at an interest rate of 9 percent per year, compounded continuously. meanwhile, 41000 dollars is invested in a bank account at an interest rate of 2 percent compounded annually. to the nearest year, when will the two accounts have the same balance?
The two bank accounts will have the same balance in 28 years, to the nearest year.
The formula for continuously compounded interest is:
A = Pe^(rt)
where,
A = the unborn balance of the account
P = the original balance of the account
e = the fine constant roughly equal to2.718
r = the interest rate
t = the number of times
For the first account, with an original balance of $4000 and an interest rate of 9
A = $ 4000 ×e^(0.09 t)
For the alternate account, with an original balance of $41000 and an interest rate of 2
A = $ 41000 ×( 1+0.02 t)
Now, we can set the two equations equal to each other and break for t
$4000 × e^(0.09t) = $41000 × (1 + 0.02t)
Using a numerical system, we can compare the value of t to be roughly27.97 times. To the nearest time, the two accounts will have the same balance in 28 times.
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read the scenario and answer the question. the wedding party and guests dance the night away, enjoying delicious food and incredible live music. every table is littered with trash and tiny pieces of confetti. chairs are tipped over, and linens are stained. they party the night away until 3 a.m., and the events team can't get started on cleanup until the last guest leaves. which element of the hospitality attitude is needed to do this job well?
By refusing to begin cleaning before the final guest has left, the events staff is just abiding by the laws and regulations of the hospitality sector.
The task of event management is enormous.
The preparation and cleaning are the first and most crucial tasks.It makes no difference whether you're hosting a small, intimate dinner in your home or a large convention in a large meeting space. To ensure that the area is as clean as it should be, you must inspect it. Cleaning the space in advance of the event is essential. People get hired to make the area more beautiful.Making sure the building is clean before, during, and after decorators enhance the area requires advance planning.
The event companies follow some of the things to clean up after parties:
1)Clean out the trash cans.
2)Put the garbage in bags and leave the area.
3)Clean sinks and counters.
4)Change all of the liners.
5)Spot Sticky Stains to Remove
6)Remove visitor smudges off the windows and mirrors.
7)Gather the trash
8)Mop and vacuum the floors.
9)Clean the seats and tables.
10)The tables and chairs should be folded and stored.
11)grill and outdoor kitchen are clean.
12)Take care of any leftover catering waste.
13)Take down every decoration you have.
terrace with a garden hose
14)Wash large items by hand.
sanitise the doors
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What is gained when people engage in specialization and trade?
O Specialization and trade allow people to consume outside their individual production possibilities frontiers.
O Specialization and trade allow people to consume at a point on their production possibilities frontiers.
O Specialization and trade allow people to produce outside their individual production possibilities frontiers.
O Specialization and trade allow people to consume inside their production possibilities frontiers.
O There are no gains from specialization and trade.
People can consume goods that are outside the boundaries of their personal manufacturing capabilities thanks to specialisation and trade.
What is an example for trade?Due to the competitive advantages in the production of movable commodities, trade exists between geographical regions. For instance, those who live in cold parts of the world can purchase bananas that are grown in the tropics.
What is a market trade?A trader is a request to purchase or sell a share at the best price currently being offered on the market. A market order normally guarantees an execution but not a certain price. When the main objective is really to execute the trade instantly, market orders are best.
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according to philosopher norman bowie, managers have a responsibility to maximize profits as long as they multiple choice are confident and do charitable work. respect human rights and cause no harm. adhere to rules and regulations. contribute to charitable organizations.
According to philosopher Norman Bowie, managers have a responsibility to maximize profits as long as they B: "respect human rights and cause no harm".
According to philosopher Norman Bowie, managers have a responsibility to prioritize ethical considerations when making business decisions. This includes ensuring that their actions respect human rights and cause no harm to individuals, communities, or the environment. Bowie argues that maximizing profits should not be the sole focus of managers and that they must also consider the social and ethical implications of their decisions. By considering these factors, managers can make decisions that not only benefit the business but also contribute to a better society and environment.
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Maria is an industrial engineer at a Nissan plant. Indicate how Maria should change her production plans in response to each change in market conditions. a. An engine supplier decreases the price it charges Nissan by 50%. b. Workers unionize and demand a 12% across-the-board raise.
Production planning is the demonstration of fostering an aide for the plan and creation of a given item or administration. Creation arranging assists associations with making the creation interaction as proficient as could be expected.
Maria should change her production plans in response to each change in market conditions -
a. If the engine supplier decreases the price it charges Nissan by 50%, Maria should re-evaluate the production costs for the products that use those engines and potentially adjust the production plan to increase profitability or pass the savings on to customers in the form of lower prices.
b. If the workers unionize and demand a 12% across-the-board raise, Maria should assess the impact of this wage increase on the production costs and potentially adjust the production plan to maintain profitability. This could involve finding ways to increase efficiency or reducing production in some areas. Alternatively, the company may need to pass on the increased labor costs to customers through higher prices.
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nike's retained earnings account was decreased for dividends during the most recent reporting period (in millions). a. $1,265 b. $3,370 c. $1,692 d. $5,727
For the most recent reporting period (in millions), dividends reduced Nike's retained earnings account by $3,370.
Is a retained profit an expense or a profit?After expenses are covered and dividends are distributed to shareholders, a company's remaining value is known as retained earnings. The amount of capital that a corporation "kept up" as unspent net revenue is known as retained earnings.
What function does retained income serve?A crucial financial statement that details the amount of earnings a firm has accumulated and held from its founding is really the statement of retained earnings. The figures reveal information about the financial health of a firm and the owner's perspective on expanding and reinvesting in their enterprise.
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do you think that there should be more formal requirements for a house member? fewer? explain your answer.
No, there are just enough requirements. They are acceptable.
The house of Representatives shares identical duty for lawmaking with the U.S. Senate. As conceived by using the framers of the constitution, the residence become to symbolize the famous will, and its members were to be without delay elected through the human beings. In contrast, individuals of the Senate were appointed by using the states until the ratification of the 17th amendment (1913), which mandated the direct election of senators.
Every state is assured at least one member of the residence of Representatives. The allocation of seats is based totally on the populace in the states, and the club is reapportioned every 10 years, following the decennial census. residence individuals are elected for two-yr terms from unmarried-member districts of the approximately identical populace.
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brian has an account with a fv of $500,000, 40 years from now. how much is it worth today (pv) based on a rate of 6.5%? this account has monthly compounding.
The present value of the given final value for the 40 years at the rate of interest compounded monthly is equal to $40,270.3.
Final value 'FV' in the account is equal to $500,000
Time period 't' = 40 years
Let us consider 'PV ' be the present value in the account
Rate of interest ( compounded monthly ) 'r' = 6.5%
Using compound interest formula we have,
FV = PV ( 1 + r )^t
Substitute the value in the formula we get,
⇒ $500,000 = PV ( 1 + 6.5/100 )^40
⇒ $500,000 = PV ( 1 + 0.065 )^40
⇒$500,000 = PV ( 1.065 )^40
⇒ $500,000 = PV ( 12.4161)
⇒PV = 500,000 / 12.4161
⇒PV = $40,270.3
Therefore, the present value in the Brian account as per rate of 6.5% compounded monthly is equal to $40,270.3.
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because of scarcity: question 4 options: a) choices are unlimited. b) we face tradeoffs in nearly every choice we make. c) wants are limited. d) resources are limitless.
We must make sacrifices in almost every decision we make because of scarcity (b).
What is a scarcity?
The term "scarcity" as used in economics "refers to the fundamental truth that there are only finite amounts of both human and nonhuman resources, and that even the best specialist knowledge cannot alleviate all of the global challenges." can only be employed to generate finite maximum amounts of any economic commodity," according to the Oxford Dictionary. Natural resources, such as gold, silver, and other fossil fuels, are by their very nature rare. These resources become limited and their costs could rise when demand exceeds supply. Diamonds, for example, are a rare commodity that monopolizes the market and fetches high prices. Scarcity can be classified into three categories: structural, supply-driven, and environmental. decline in supply caused by environmental or other factors, increasing demand, and an economic deficit.
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