There are several ways that college can be made more affordable. One option is to increase government support for higher education, which would help to reduce tuition and fees for students.
This could be done through a variety of measures, such as increasing funding for grants and scholarships, increasing funding for public colleges and universities, and offering tax incentives for private donors to contribute to college endowments.
Another option is to increase efficiency in the delivery of higher education. This could involve using technology to offer more online courses or reducing administrative costs. Colleges and universities could also consider partnering with businesses to offer apprenticeships or internships, which would allow students to gain valuable work experience while also earning money to help pay for college.
The cost of college has increased for a variety of reasons, including the increasing demand for higher education, the rising costs of healthcare and other benefits for college employees, and the growing administrative costs associated with running a college or university.
To make college more affordable, students and colleges alike may need to consider what features of a college education are truly essential. While amenities like fancy gyms and Olympic-sized pools may be attractive, they are not necessary for a quality education. Students may be willing to do without these amenities if it means lower tuition and fees.
Colleges and universities may also need to consider streamlining their programs to focus on essential coursework and cutting back on extraneous offerings.
To know more about tax incentives refer to-
https://brainly.com/question/12375966
#SPJ11
________ is the term used to refer to a production technique in which inventory is kept to a minimum and inputs to the production process arrive exactly when they are needed.
The term used to refer to a production technique in which inventory is kept to a minimum and inputs to the production process arrive exactly when they are needed is "just-in-time" (JIT) production.
JIT is a lean manufacturing approach that aims to eliminate waste, reduce inventory holding costs, and improve overall efficiency by synchronizing the production process with customer demand. In JIT production, materials and components are delivered to the production line precisely when they are required, minimizing the need for excess inventory and reducing the risk of holding obsolete or excessive stock. By adopting a just-in-time approach, companies can streamline their production processes, improve resource utilization, and enhance their responsiveness to customer demand.
Learn more about (JIT) production here: brainly.com/question/14069360
#SPJ11
Each year banks with assets over $10 billion are subject to an assessment of the sufficiency of their bank capital under severe macroeconomic conditions called a. a liability test b.Stress test c.loan test d.disclosure test
The correct term for the assessment of the sufficiency of a bank's capital under severe macroeconomic conditions for banks with assets over $10 billion is stress test. Option B is correct.
A stress test is a comprehensive analysis that evaluates a bank's ability to withstand adverse economic scenarios such as recessions, stock market crashes, and other financial crises. The stress test is conducted by the bank's regulator to ensure that the bank has enough capital to absorb losses during such adverse events.
During a stress test, the bank's financial data and models are subjected to different scenarios, including severe macroeconomic conditions, to determine how the bank would perform under stress.
The results of the stress test are used to determine whether the bank needs to take corrective actions to improve its capital position, such as raising additional capital or adjusting its risk management practices.
Therefore, option B is correct.
Learn more about macroeconomic https://brainly.com/question/30044582
#SPJ11
a valuable asset for companies is having insight into information and having algorithms to exploit data is vital to run facilities today. True or false ?
True. Insight into information and algorithms to exploit data are valuable assets for companies as they enable informed decision-making and operational efficiency in running facilities.
In today's data-driven business landscape, having access to accurate and relevant information is crucial for companies to gain a competitive edge. Insight into information allows businesses to understand market trends, customer preferences, and operational performance, among other critical factors. This knowledge enables informed decision-making, strategic planning, and the identification of new opportunities.
Furthermore, algorithms that can effectively analyze and exploit data play a vital role in optimizing various business processes. Companies can leverage algorithms to extract meaningful insights from large datasets, identify patterns and correlations, make predictions, and automate tasks. This not only enhances operational efficiency but also enables companies to proactively identify potential issues or areas for improvement.
By harnessing the power of data and utilizing algorithms, companies can streamline operations, improve productivity, enhance customer experiences, and drive innovation. These valuable assets empower businesses to make data-informed decisions, adapt to changing market conditions, and stay ahead in a highly competitive environment.
In summary, having insight into information and leveraging algorithms to exploit data are indeed vital assets for companies, enabling them to effectively run facilities and achieve long-term success.
Learn more about algorithms here: brainly.com/question/21172316
#SPJ11
a lawyer collected $730 of legal fees in advance. he erroneously debited cash for $370 and credited accounts receivable for $370. the correcting entry is
A lawyer collected $730 of legal fees in advance. He erroneously debited cash for $370 and credited accounts receivable for $370. the correcting entry is Cash 360, Accounts Receivable 370, and Unearned Service Revenue 730. The correct option is C.
The lawyer received $730 of legal fees in advance but mistakenly recorded a debit entry of only $370 to the cash account and a credit entry of $370 to the accounts receivable account. This error caused the lawyer to understate the cash account balance and overstate the accounts receivable balance, resulting in an incorrect financial statement.
To correct this error, the lawyer should debit the cash account for the remaining $360 and credit the accounts receivable account for the correct amount of $370. Additionally, the lawyer should credit the unearned service revenue account for the total amount of $730, as the legal services have not yet been performed.
In summary, the correcting entry for the lawyer's erroneous debit and credit entries involves debiting the cash account for the remaining amount, crediting the accounts receivable account for the correct amount, and crediting the unearned service revenue account for the total amount of legal fees collected in advance.
To know more about Accounts Receivable refer here:
https://brainly.com/question/31974988#
#SPJ11
Complete Question:
A lawyer collected $730 of legal fees in advance. he erroneously debited cash for $370 and credited accounts receivable for $370. the correcting entry is?
a) Cash 360 Accounts Receivable 360
b) Cash 370 Accounts Receivable 360 Unearned Service Revenue 730
c) Cash 360 Accounts Receivable 370 Unearned Service Revenue 730
d) Cash 730 Service Revenue 730
A manager of an investment center can improve ROI by o reducing sales. o increasing variable costs, increasing average operating assets. Sreducing variable and/or controllable fixed costs.
One option for improving ROI is to reduce sales. This might seem counterintuitive, but it can be an effective strategy if the business is struggling to maintain profitability. By reducing sales, the company can focus on its most profitable products or services, which can help to increase margins and boost ROI.
Another approach is to increase variable costs. This can be a useful strategy if the company is able to increase the price of its products or services to offset the higher costs. By doing so, the business can maintain or even increase its margins, leading to a higher ROI. However, if the company is unable to pass on the higher costs to customers, this strategy can lead to lower profits and a decreased ROI. Increasing average operating assets is another way to improve ROI. This involves investing more in the company's operations, such as purchasing new equipment or expanding facilities.
Finally, reducing variable and/or controllable fixed costs can be a useful strategy for improving ROI. By cutting costs, the company can reduce its expenses and boost its margins, leading to a higher ROI. This strategy is often viewed as a safer option than increasing sales or investing in new assets, as it doesn't require a significant upfront investment.
To know more about ROI visit:-
https://brainly.com/question/17273333
#SPJ11
How does persistence assist a school leaver to become a successful business owner
Persistence is a key trait that enables individuals to overcome challenges, persevere through setbacks, and stay committed to their goals and aspirations.
Persistence is the ability to continue striving towards goals and objectives despite obstacles, failures, or difficulties. For a school leaver aspiring to become a successful business owner, persistence becomes a valuable asset in several ways.
Firstly, starting and growing a business requires resilience in the face of inevitable challenges. Persistence allows entrepreneurs to navigate obstacles, adapt to changing circumstances, and find creative solutions to problems. It helps them remain focused and determined, even when faced with setbacks or initial failures.
Secondly, building a successful business takes time and effort. It involves long hours, hard work, and the willingness to learn from mistakes. Persistence allows individuals to stay committed to their vision, push through difficult times, and maintain motivation and enthusiasm for their entrepreneurial journey.
Additionally, persistence is essential for continuous learning and improvement. Successful business owners understand that setbacks and failures are part of the process. They use these experiences as learning opportunities, adjust their strategies, and persistently pursue growth and innovation.
Learn more about business, below:
https://brainly.com/question/13160849
#SPJ11
The labor-force participation rate is computed as: (employed / adult population) x 100. (employed / labor force) x 100. (labor force / adult population) x 100.
The labor-force participation rate is computed as: (labor force / adult population) x 100.
The labor force consists of individuals who are either employed or actively seeking employment. The adult population refers to the total number of individuals of working age, typically defined as those who are 16 years or older.
By dividing the labor force by the adult population and multiplying by 100, we can calculate the labor-force participation rate, which represents the percentage of the adult population that is either employed or actively looking for work.
To know more about labor-force refer here
https://brainly.com/question/13962639#
#SPJ11
a measure of the manager's ability to control expenses and increase revenues to improve profitability is:
A measure of a manager's ability to control expenses, increase revenues, and improve profitability is Return on Equity (ROE). The correct option is Return on Equity (ROE).
ROE is a financial metric that evaluates a company's performance by measuring the profitability of the company in relation to the equity investments made by its shareholders. It is calculated by dividing the company's net income by the shareholders' equity.
ROE is an important indicator of a manager's effectiveness because it takes into account both the company's ability to generate revenue and its ability to manage expenses. A higher ROE signifies that a manager has been successful in optimizing the use of shareholders' equity to generate profits, thereby indicating effective management of the company's resources.
In comparison, Asset Turnover (AT) is a measure of a company's efficiency in using its assets to generate revenue, while Residual Income (RI) divided by the level of invested capital is a measure of the excess income generated by an investment, after deducting the cost of capital.
Although AT and RI divided by invested capital provide valuable insights into a company's performance, they do not specifically focus on the manager's ability to control expenses and increase revenues to improve profitability as ROE does. Therefore, ROE is the most suitable metric to answer your question. The correct option is Return on Equity (ROE).
The complete question is:
A measure of the manager's ability to control expenses and increase revenues to improve profitability is:
Multiple Choice
Asset turnover (AT).
Return on equity (ROE).
Residual income (RI) divided by level of invested capital
For more about profitability::
https://brainly.com/question/29662354
#SPJ11
In the early 1970's, home mortgage lenders were predominantly depository institutions focused on collecting local savings deposits and using these funds to make local mortgage loans. The savings institutions of this era of mortgage financing are more commonly referred to as:
In the early 1970s, the majority of home mortgage lenders were depository institutions, which means that they primarily accepted local savings deposits and used these funds to provide mortgage loans to individuals looking to buy a home.
These savings institutions were commonly referred to as savings and loan associations (S&Ls) or savings banks. These institutions played a critical role in the American mortgage market, particularly during the post-World War II era when there was a significant demand for affordable housing.
S&Ls were different from commercial banks in that they were often community-focused and operated with a different set of regulations. They were established as a way to encourage homeownership, particularly among working-class families who couldn't otherwise afford to purchase a home. S&Ls typically offered lower interest rates on mortgages than commercial banks, making homeownership more accessible to a broader range of people.
However, by the 1980s, the S&L industry had become plagued by fraud and mismanagement. Many S&Ls had made risky investments, such as speculative real estate projects, that had failed, leaving the institutions insolvent. The government was forced to step in and bail out the failing S&Ls, which resulted in significant reforms to the industry.
Today, S&Ls still exist, but they have evolved to become more like traditional banks, offering a range of financial products and services beyond just mortgage lending. However, their legacy as a critical player in the early days of the American mortgage market still endures.
For more such questions on depository institutions
https://brainly.com/question/29632003
#SPJ11
The savings institutions of this era of mortgage financing are more commonly referred to as "thrift institutions.
"Thrift institutions, also known as savings institutions, were a prominent type of financial institution in the early 1970s that played a significant role in home mortgage financing.
These institutions primarily included savings and loan associations (S&Ls) and savings banks.
Thrift institutions had a distinct business model focused on collecting deposits from local savers, typically in the form of savings accounts, and using these funds to provide mortgage loans to borrowers within their communities. They emphasized residential mortgage lending and played a vital role in providing access to homeownership for many individuals and families.
The primary source of funds for thrift institutions came from local savings deposits. These institutions attracted depositors by offering competitive interest rates on savings accounts and providing a safe place to save and accumulate wealth. The collected deposits were then channeled into mortgage lending, supporting local housing markets and economic growth.
During this period, thrift institutions were subject to regulations that imposed certain restrictions on their operations. For example, they were often required to allocate a certain percentage of their assets to mortgage lending, ensuring a focus on housing finance.
Learn more about business here:
https://brainly.com/question/15826604
#SPJ11
According to Fenno and Mayhew, what motivates members of Congress more than anything else?A. Making good policyB. Insuring that the American people get the truth from the governmentC. Spending the public's tax dollars wisely and prudentlyD. Fighting wars against America's enemies.E. Getting reelected
According to Fenno and Mayhew, the primary motivation for members of Congress more than anything else is getting reelected. Option E is correct.
Fenno and Mayhew's studies of congressional behavior suggest that members prioritize securing their position in office. This motivation is due to the fact that maintaining their position enables them to influence policy-making, serve their constituents, and pursue their political ambitions. To achieve reelection, members of Congress focus on building strong relationships with their constituents, addressing their concerns, and promoting policies that will benefit their districts.
While making good policy (A), ensuring the American people get the truth from the government (B), spending the public's tax dollars wisely and prudently (C), and fighting wars against America's enemies (D) are all important responsibilities of Congress, these actions are often driven by the underlying motivation of getting reelected. By prioritizing their constituents' needs and interests, members of Congress can strengthen their electoral base and increase their chances of staying in office.
In summary, according to Fenno and Mayhew, the main motivation for members of Congress is getting reelected, as this allows them to continue influencing policy and serving their constituents. Other responsibilities, such as making good policy and spending public funds wisely, are important but often secondary to the primary goal of securing their position in office. Option E is correct.
To learn more about Congress, visit: https://brainly.com/question/491441
#SPJ11
how does the fed lower the federal funds rate? select the correct answer below: the fed buys securities on the open market and increases the money supply. the fed buys securities on the open market and decreases the money supply. the fed sells securities on the open market and increases the money supply. the fed sells securities on the open market and decreases the money supply.
The correct answer is: The Fed buys securities on the open market and increases the money supply.
To lower the federal funds rate, the Federal Reserve (Fed) engages in open market operations. This involves buying securities, such as government bonds, from banks and financial institutions. By purchasing these securities, the Fed injects money into the economy, increasing the money supply.
When the money supply increases, banks have more funds available to lend, leading to a decrease in the federal funds rate. The federal funds rate is the interest rate at which banks lend reserves to each other overnight.
By buying securities on the open market and increasing the money supply, the Fed stimulates borrowing and spending, which helps to lower the federal funds rate and support economic activity.
To learn more about money supply, Click here: brainly.com/question/30218160
#SPJ11
all the following are accurate descriptions of modern marketing today except which one
All the following are accurate descriptions of modern marketing today except selling and advertising are synonymous with marketing.
What is modern marketing?
Utilising all of a company's resources to give customers the greatest experience possible and spur business growth is modern marketing. You must regularly review these seven Ps to ensure that you're on track and getting the best outcomes possible in the market today as products, markets, customers, and demands change quickly. Understanding that customer pleasure has taken centre stage in modern marketing. The primary objectives are to ascertain consumer demands, carry out production, and boost sales. Companies may simply monitor strategy data and results by combining contemporary tools.
Know more about marketing -
brainly.com/question/29361249
#SPJ4
if an organization announces a downsizing, who would be most affected by the emotional impact?
In the event of an organization announcing a downsizing, the emotional impact can vary among individuals within the organization. However, certain groups of people are more likely to be significantly affected by the announcement like employees facing layoffs.
The employees who are directly impacted by the downsizing, facing potential job loss, tend to experience a significant emotional impact. They may feel shock, fear, anxiety, and uncertainty about their future job prospects, financial stability, and career trajectory. The emotional toll can be particularly high for those who have been with the organization for a long time or have strong emotional attachments to their work. Even employees who are not directly affected by the downsizing may still experience emotional consequences. They might feel survivor guilt, fear for their own job security, or experience increased workloads and stress due to the loss of colleagues.
Learn more about anxiety here:
brainly.com/question/30792789
#SPJ11
Firefighters are paid less than professional baseball players because there is a higher ______ of firefighters than great baseball players.
Firefighters are paid less than professional baseball players because there is a higher abundance or availability of individuals willing to work as firefighters.
Compared to the limited number of exceptional baseball players. The demand for professional baseball players is typically higher due to factors such as the popularity and financial success of the sport. This limited supply of highly skilled baseball players creates a competitive environment where their salaries can reach astronomical levels. On the other hand, the supply of individuals willing to work as firefighters tends to be higher, as it is a noble profession with a strong sense of public service. This increased supply of firefighters allows employers to set wages at a lower level due to the larger pool of potential candidates available for the job. Thus, the disparity in pay between firefighters and professional baseball players can be attributed to the disparity in supply and demand for their respective professions.
Visit here to learn more about Firefighters:
brainly.com/question/28436633
#SPJ11
which of the following is a change in accounting estimate achieved by a change in accounting principle? multiple choice question. change in depreciation methods. change in accounting for treasury stock from cost to par value method. change in accounting for construction contracts. change in inventory methods.
The change in accounting for treasury stock from cost to par value method is a change in accounting estimate achieved by a change in accounting principle.
A change in accounting estimate occurs when a company revises its estimates for future events and circumstances that affect the financial statements. A change in accounting principle occurs when a company adopts a new accounting principle that is different from the one previously used.
The change in accounting for treasury stock from cost to par value method involves a change in accounting principle because it is a new method of accounting for a particular transaction. Therefore, it is the only option among the given choices that qualifies as a change in accounting estimate achieved by a change in accounting principle.
To know more about stock visit:
https://brainly.com/question/31940696
#SPJ11
British Columbia Lumber has a raw lumber division and a finished lumber division. The variable costs are as? follows:
Raw lumber? division:
$ 130 per 100? board-feet of raw lumber
Finished lumber? division: $ 170 per 100? board-feet of finished lumber
Assume that there is no? board-feet loss in processing raw lumber into finished lumber. Raw lumber can be sold at $ 255 per 100? board-feet. Finished lumber can be sold at $270 per 100? board-feet.British Columbia Lumber has a raw lumber division and a finished lumber division. The variable costs are as? follows:
Raw lumber? division:$130per 100? board-feet of raw lumber
Finished lumber? division:$170 per 100? board-feet of finished lumber
Assume that there is no? board-feet loss in processing raw lumber into finished lumber. Raw lumber can be sold at $255
per 100? board-feet. Finished lumber can be sold at $270 per 100? board-feet.
Requirement 1. Should British Columbia Lumber process raw lumber into its finished? form? Show your calculations.
Begin by selecting the formula you will use to make your decision. Then enter the amounts in the formula. ?(Use parentheses or a minus sign when entering? losses.)
Incremental revenues
-
Incremental costs
=
Gain/(loss) on further processing
$15
-
$170
=
$(155)
Based on? above, British Columbia Lumber should not process raw lumber into its finished form.
Requirement 2. Assume that internal transfers are made at 120% of variable cost. Will each division maximize its division? operating-income contribution by adopting the action that is in the best interest of British Columbia Lumber as a? whole? Explain.
Begin by calculating each? division's operating income under both actions. Start with the decision to sell as raw lumber. ?(Round your answers to the nearest whole dollar. Enter a? "0" for amounts with a zero value. Use parentheses or a minus sign when entering? losses.)
Sell as
raw lumber
Raw lumber division:
Division revenues
$255
Division variable costs
130
Division operating income (loss)
$125
Finished lumber division:
Division revenues
$0
Transferred-in costs
0
Division variable costs
0
Division operating income (loss)
$0
Sell as
finished lumber
Raw Lumber Division:
$156
130
$26
Finished Lumber Division:
$270
156
170
$(56)
Will each division maximize its division? operating-income contribution by adopting the action that is in the best interest of British Columbia Lumber as a? whole? Explain.
The raw lumber division will maximize reported division operating income by (Selling Raw Lumber/ Either selling raw lumbar or processing further/ Processing raw lumbar further), Which (Coinsides with/ Is contrary to) the action preferred by the company as a whole.
The finished lumber division will maximize division operating income by (), Which () The action preferred by the company as a whole.
3. Assume that internal transfers are made at market prices. Will each division maximize its division? operating-income contribution by adopting the action that is in the best interest of British Columbia Lumber as a? whole? Explain
The raw lumber division will maximize reported division operating income by (Selling Raw Lumber/ Either selling raw lumbar or processing further/ Processing raw lumbar further), Which (Coinsides with/ Is contrary to) the action preferred by the company as a whole.
The finished lumber division will maximize division operating income by (), Which () The action preferred by the company as a whole.
If internal transfers are made at market prices, the raw lumber division will still maximize its division operating income by processing raw lumber further into finished lumber.
Based on the given information, it is not profitable for British Columbia Lumber to process raw lumber into its finished form. The incremental revenue gained from selling finished lumber is only $15, which is less than the incremental cost of $170, resulting in a loss of $155.
Assuming internal transfers are made at 120% of variable cost, the raw lumber division will maximize its division operating income by processing raw lumber further into finished lumber, as it will generate an operating income of $26. However, this action is contrary to the action preferred by the company as a whole, which is to sell raw lumber. On the other hand, the finished lumber division will maximize its division operating income by selling raw lumber, as it will generate an operating loss of $56 if it processes raw lumber further into finished lumber.
If internal transfers are made at market prices, the raw lumber division will still maximize its division operating income by processing raw lumber further into finished lumber. However, the action preferred by the company as a whole may depend on various market factors and other considerations beyond just maximizing division operating income. The finished lumber division will still maximize its division operating income by selling raw lumber, as the incremental revenue from selling finished lumber is less than the incremental cost of processing raw lumber further into finished lumber.
To know more about raw lumber visit:
https://brainly.com/question/11863957
#SPJ11
Bramble Corp. had average operating assets of $3600000 and sales of $1800000 in 2016. If the controllable margin was $720000, the ROI was A. 20% B. 50% C. 80% D. 40%
The Return on Investment (ROI) is 20%. Option A
How to calculate the Return on Investment (ROI)To calculate the Return on Investment (ROI), we can use the formula:
ROI = Controllable Margin / Average Operating Assets
Given that the average operating assets are $3,600,000 and the controllable margin is $720,000, we can substitute these values into the formula:
ROI = $720,000 / $3,600,000
Simplifying the expression:
ROI = 0.2
Learn more about Return on Investment (ROI), at https://brainly.com/question/11913993
#SPJ1
A Company has the following accounts in its general ledger at July 31: Accounts Receivable $40,000 and Allowance for Doubtful Accounts $2,500. During August, the following transactions occurred.
Oct. 15 Sold $30,000 of accounts receivable to Fast Factors, Inc. who assesses a 3% finance charge.
25 Made sales of $900 on Visa credit cards. The credit card service charge is 2%.
Journalize the transactions.
The company sold $30,000 accounts receivable to Fast Factors, Inc with 3% finance charge on Oct 15, and made a $900 sale on Visa credit cards with a 2% service charge on Oct 25. They received $29,100 and $882 respectively, and recorded $900 and $18 as expenses.
The journal entries for the transactions in August would be as follows:
Oct. 15:
Cash $29,100
Finance Charge (expense) $900
Accounts Receivable $30,000
To record the sale of $30,000 of accounts receivable to Fast Factors, Inc., who assesses a 3% finance charge.
Oct. 25:
Cash $882
Credit Card Discount (expense) $18
Sales $900
To record the sale of $900 on Visa credit cards, with a credit card service charge of 2%.
On October 15, the company sold $30,000 of accounts receivable to Fast Factors, Inc. and received cash of $29,100, reflecting the 3% finance charge assessed by Fast Factors. The $900 finance charge is recorded as an expense, reducing the net proceeds to $29,100.
On October 25, the company made a sale of $900 on Visa credit cards, with a credit card service charge of 2%. The company received cash of $882 (reflecting the 2% service charge), and the credit card discount of $18 is recorded as an expense.
In summary, these journal entries reflect the transactions of selling accounts receivable and making a credit card sale, with corresponding expenses for finance charges and credit card discounts.
To know more about accounts receivable refer here:
https://brainly.com/question/31816697#
#SPJ11
Which of the following choices is not a step that can reduce your spending? a. Eating at home, rather than dining out b. Using budgeted cash only c. Forgoing premium cable TV channels d. Purchasing reduced fat lattes during the week Please select the best answer from the choices provided. A B C D.
The choice that is not a step that can reduce your spending is d. Purchasing reduced fat lattes during the week.
While options a, b, and c are all effective ways to reduce spending, purchasing reduced fat lattes during the week does not directly contribute to reducing expenses.
While it may be a healthier choice compared to regular lattes, it doesn't address the main aspect of spending money. The other options, such as eating at home instead of dining out, using budgeted cash only, and forgoing premium cable TV channels, are all practical measures that can help decrease expenditures and better manage personal finances.
To Know more about Budget
brainly.com/question/31086720
#SPJ11
Joetta Hernandez is a single parent with two children and earns $ a year. Her employer's group life insurance policy would pay 2. 5 times her salary. She also has $ saved in a 401(k) plan, $ in mutual funds, and a $ CD. She wants to purchase term life insurance for 15 years until her youngest child is self-supporting. She is not concerned about her outstanding mortgage, as the children would live with her sister in the event of Joetta's death. Assuming she can receive a percent after-tax, after-inflation return on insurance proceeds, use the earnings multiple method to calculate her insurance need. How much more insurance does Joetta need to buy? What other information would you need to know to use the needs approach to calculate Joetta's insurance coverage? Click on the table icon to view the PVIFA table LOADING.
Assuming she can receive a percent after-tax, after-inflation return on insurance proceeds and using the earnings multiple method, Joetta's insurance need is $
nothing. (Round to the nearest dollar. )
Enter your answer in the answer box and then click Check Answer.
1
part remaining
Data Table
Present Value of an Annuity of $1 (PVIFA)
n
%
%
%
%
%
%
%
%
%
%
The amount of insurance Joetta needs using the earnings multiple method cannot be determined without the given information.
The earnings multiple method calculates the amount of insurance needed based on a multiple of Joetta's annual income. However, the question does not provide Joetta's annual income, making it impossible to determine the exact amount of insurance she needs using this method.
To use the needs approach to calculate Joetta's insurance coverage, additional information would be required. The needs approach considers various factors such as outstanding debts, future expenses (such as education costs for the children), and any financial support Joetta would want to provide to her children or dependents in the event of her death. Without these specific details, it is not possible to calculate Joetta's insurance coverage using the needs approach.
Learn more about insurance here:
https://brainly.com/question/30242025
#SPJ11
what term refers to the legally mandated plans that try to increase job opportunities for minorities?
Affirmative Action refers to the legally mandated plans that aim to increase job opportunities for minorities.
Affirmative Action refers to a set of policies or programs that are legally mandated by governments or organizations to address historical disadvantages faced by certain groups, particularly minorities, in employment and education.
The purpose of Affirmative Action is to promote equal opportunity and diversity by actively seeking and implementing measures to increase the representation and participation of underrepresented groups in various fields.
These plans often involve setting specific goals and targets for hiring, promoting, or admitting individuals from minority groups. Affirmative Action is designed to combat discrimination and create a more inclusive and diverse society by providing opportunities and leveling the playing field for marginalized groups.
Visit here to learn more about organizations:
brainly.com/question/19334871
#SPJ11
Suppose that you (i.e., company XYZ) are a US-based exporter of goods to Switzerland. You will be receiving payment on a shipment of imported goods (CHF100,000) in three months and want to hedge your currency exposure. The US risk-free rate is 6% and the Switzerland risk-free rate is 4% per year. The current spot rate is $1.1/CHF, and the three-month forward rate is $1.2/CHF. You can also buy a three-month option on CHF at the strike price of $1.25 /CHF for a premium of $0.05/CHF.
1.If XYZ enters a forward contract today, the guaranteed dollar proceeds for this CHF obligation in three months should be $?
2.If XYZ wants to hedge the transaction exposure using money market hedge, XYZ should ______________.
A) borrow PV of CHF and buy USD today, and deposit USD in the bank and sit on it.
B) buy PV of CHF today using USD, and deposit CHF in the bank and sit on it.
3.If XYZ uses MMH, the guaranteed dollar proceeds in three months should be $?
4.By comparing forward hedge and money market hedge, which strategy (forward/MMH) would you prefer to use?
The premium for the option hedge is relatively high compared to the potential benefits, making it less attractive.
1. If XYZ enters a forward contract today, the guaranteed dollar proceeds for this CHF obligation in three months should be $120,000 ($1.2/CHF x CHF100,000).
2. If XYZ wants to hedge the transaction exposure using money market hedge, XYZ should buy PV of CHF today using USD, and deposit CHF in the bank and sit on it. This means that XYZ would convert USD to CHF today at the spot rate of $1.1/CHF, which would give them CHF90,909.09. They would then deposit this amount in a Swiss bank account for three months, earning interest at the Swiss risk-free rate of 4% per year.
3. If XYZ uses MMH, the guaranteed dollar proceeds in three months should be $91,431.81 (CHF90,909.09 x 1.04^0.25 x $1.1/CHF).
4. By comparing forward hedge and money market hedge, I would prefer to use the money market hedge in this case because it allows XYZ to earn interest on the CHF while hedging their currency exposure. The forward hedge locks in a fixed exchange rate, but does not allow XYZ to earn interest on their funds.
To learn more about premiums, visit:
https://brainly.com/question/7979157
#SPJ11
two or more persons who agree to carry on as co-owners of a business for profit is called a(n)______________:
Two or more persons who agree to carry on as co-owners of a business for profit are called a partnership.
A partnership is a business structure where two or more individuals, known as partners, come together to carry on a business for profit. The partners contribute resources, such as capital, labor, or expertise, and share in the profits and losses of the business.
In a partnership, the co-owners have a legal agreement, often known as a partnership agreement or articles of partnership, which outlines the terms and conditions of their partnership. This agreement specifies the responsibilities, rights, and obligations of each partner, including their respective contributions, profit-sharing ratios, decision-making processes, and other important aspects of the business.
Partnerships can take various forms, such as general partnerships where all partners have unlimited liability for the business's debts and obligations, or limited partnerships where there are both general partners (with unlimited liability) and limited partners (with limited liability).
Learn more about Partnerships here:
https://brainly.com/question/9909227
#SPJ11
thutmach is a manufacturer of potato chips. it has been purchasing potatoes from vegofaz, a vegetable wholesaler, for about a decade. vegofaz offers discounts and benefits to thutmach, and thutmach, in turn, purchases potatoes only from vegofaz even when other wholesalers approach thutmach with better offers. in the context of the supplier component of a specific environment, this scenario best illustrates what type of behavior between thutmach and vegofaz?
The scenario between Thutmach and Vegofaz illustrates a type of behavior known as a supplier dependency relationship. This type of relationship occurs when a buyer becomes heavily reliant on a specific supplier for their resources and materials, such as in the case of Thutmach's consistent purchases of potatoes from Vegofaz.
The discount and benefits offered by Vegofaz also create a sense of loyalty and exclusivity towards the supplier, which can further strengthen the dependency relationship. This behavior can limit Thutmach's options and flexibility in terms of finding better deals and suppliers, but it also ensures a stable and reliable source of materials. Overall, the supplier dependency relationship between Thutmach and Vegofaz highlights the importance of strong relationships between buyers and suppliers in a specific environment.
To know more about buyer visit:
https://brainly.com/question/30468040
#SPJ11
The National Park Service Monopoly. The National Park service grants a single firm the right to sell food and other goods in Yosemite Nationial Park. a. What are the trade-offs associated with this policy? Who gains and who loses? OA. More goods will be sold at higher prices. The firm will gain, consumers will lose, and there will be a deadweight loss. O B. More goods will be sold at higher prices. The firm will gain and consumers will lose. C. Fewer goods will be sold at higher prices. The firm will gain, consumers will lose, and there will be a deadweight loss. D. Fewer goods will be sold at higher prices. The firm will gain and consumers will lose.
The National Park service grants a single firm the right to sell food and other goods in Yosemite National Park. More goods will be sold at higher prices. The firm will gain, consumers will lose, and there will be a deadweight loss. Thus, option (a) is correct.
Granting a single firm the right to sell food and other goods in Yosemite National Park creates a monopoly. A monopoly is socially inefficient because it leads to higher prices, lower output, and a deadweight loss.
In this case, the trade-offs associated with this policy are that more goods will be sold at higher prices, and the firm will gain while consumers will lose.
As a result, the significance of the National Park Service Monopoly are the aforementioned. Therefore, option (a) is correct.
Learn more about on monopoly, here:
https://brainly.com/question/31918762
#SPJ1
Is assurance provided by a CPA firm performing compilation or preparation services?
No assurance is provided whatsoever.
Answer:
Explanation:
Yes, that is correct. When a CPA firm performs compilation or preparation services, no assurance is provided whatsoever. Compilation and preparation services involve assisting clients in organizing and presenting their financial information in the form of financial statements.
However, these services do not include performing detailed procedures, verification, or independent assessment of the information provided by the client. As a result, the CPA firm does not express an opinion or provide any form of assurance on the accuracy, completeness, or reliability of the financial statements.
It's important for users of the financial statements to understand that compilation or preparation services do not offer the same level of assurance as an audit or review engagement, where the CPA firm provides an opinion on the financial statements based on specific procedures and standards.
know more about financial statements: brainly.com/question/14951563
#SPJ11
Print-based résumés- use a format that ensures maximum scannability
follow an outline format with headings and bullet points
use shorter lines than scannable and electronic résumés
Print-based résumés are a traditional type of résumé that are typically printed on paper and presented in person or mailed to a potential employer. Print-based résumés use shorter lines than scannable and electronic résumés, which allows the reader to quickly scan the document and find the information they need.
To do this, print-based résumés use an outline format with headings and bullet points that break up the information into easily digestible sections. Additionally, print-based résumés use shorter lines than scannable and electronic résumés, which allows the reader to quickly scan the document and find the information they need. When creating a print-based résumé, it's important to keep in mind that the ultimate goal is to make it as easy as possible for the recruiter or hiring manager to quickly and efficiently read through your qualifications and experience.
This means that you should use clear, concise language, avoid lengthy paragraphs, and focus on highlighting your most relevant skills and experience. By doing this, you'll be able to create a résumé that not only stands out but also effectively communicates your value as a candidate for the position.
For more such questions on résumés
https://brainly.com/question/28211456
#SPJ11
which type of loan provides short-term financing for the purpose of developing improvements on vacant land or on land that has improvements, but will soon have more?
The type of loan that provides short-term financing for the purpose of developing improvements on vacant land or land that will soon have more improvements is commonly known as a "construction loan" or "land development loan."
Construction loans are typically used by developers or individuals to fund the construction or development of a property. These loans provide financing for the construction process, including the costs associated with land preparation, building materials, labor, and other related expenses. The loan is usually disbursed in stages or draws, as construction milestones are met.
Land development loans specifically focus on financing the development of raw or vacant land into a more developed state. This can involve activities such as site preparation, infrastructure development, grading, utility installations, and other improvements necessary for future construction or use.
Both construction loans and land development loans are usually short-term in nature, as they are designed to be repaid or refinanced once the construction or development is completed. The borrower may then seek long-term financing, such as a mortgage, to pay off the construction loan or land development loan.
Learn more about Construction Loan here -: brainly.com/question/31170313
#SPJ11
benefit levels for social security are determined by a formula that reflects length of time worked and the amount of wages earned.
T/F
The statement is generally true. Benefit levels for Social Security are determined by a formula that takes into account the length of time worked and the amount of wages earned.
The Social Security program in many countries, including the United States, provides benefits to eligible individuals based on their work history and earnings. The benefit levels are determined by a formula that considers two primary factors: the length of time worked and the amount of wages earned during that time. The length of time worked is taken into account through the concept of "work credits" or "quarters of coverage." To be eligible for Social Security benefits, individuals must earn a certain number of work credits, which are accumulated based on their earnings and the number of years worked. The more work credits an individual has, the higher their benefit level may be.
Additionally, the amount of wages earned plays a role in determining the benefit levels. Social Security benefits are calculated using a formula that takes into account the average indexed monthly earnings (AIME). The AIME is calculated based on an individual's earnings history, adjusted for inflation, and the formula applies a progressive benefit structure to determine the monthly benefit amount. Therefore, it can be concluded that the statement is generally true, as the formula for determining Social Security benefit levels incorporates the length of time worked and the amount of wages earned.
Learn more about Social Security here:
https://brainly.com/question/31217122
#SPJ11
KNX Corp commits to pay a dividend of $5.20 in year 1, $6.0 in year 2, and $7.5 in year 3, a share. After that, the annual dividend will be $11.00 per share indefinitely.
What is the value of KNX Corp today assuming investors require a return of 9.8 percent?
A.
$114.7
B.
$82.1
C.
$100.2
D.
$66.70
the value of KNX Corp today, assuming investors require a return of 9.8 percent, is $151.99. The closest answer choice to this value is (A) $114.7, which is incorrect.
To calculate the present value of KNX Corp, we need to find the present value of each of the individual dividend payments and the present value of the perpetual dividend.
First, let's calculate the present value of the first three years of dividends using the formula for the present value of a growing annuity:
PV = C / (r - g) * (1 - (1 + g / (1 + r))(-n))
where PV is the present value, C is the cash flow in year 1, r is the required rate of return, g is the growth rate, and n is the number of periods.
Using this formula, we get:
PV = 5.20 / (1 + 0.098 - 0.03) * (1 - (1 + 0.03 / (1 + 0.098))(-3)) + 6.00 / (1 + 0.098 - 0.05) * (1 - (1 + 0.05 / (1 + 0.098))(-2)) + 7.50 / (1 + 0.098 - 0.06) * (1 - (1 + 0.06 / (1 + 0.098))(-1))
PV = 16.42 + 16.09 + 7.24
PV = 39.75
Next, let's calculate the present value of the perpetual dividend using the formula for the present value of a perpetuity:
PV = C / r
where PV is the present value, C is the cash flow, and r is the required rate of return.
Using this formula, we get:
PV = 11.00 / 0.098
PV = 112.24
Finally, we can add the present value of the first three years of dividends to the present value of the perpetual dividend to get the total present value:
Total PV = 39.75 + 112.24
Total PV = 151.99
Learn more about annuity here:
https://brainly.com/question/31852400
#SPJ11