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brilliants [131]
2 years ago
5

Amari and his four best friends decided they would save up and get tickets to see their favorite basketball team play in a nearb

y city for spring break of their senior year of high school. during his junior year, he started saving money for the big trip. what type of financial goal is this?
a) short term goal
b) mid-term goal
c) long-term goal
d) emergency expense
Business
1 answer:
lina2011 [118]2 years ago
7 0
B) mid term goal I would think
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Cold Boxes Ltd. has 100 bonds outstanding (maturity value = $1,000). The nominal required rate of return on these bonds is curre
pentagon [3]

Answer:

correct option is c.4%

Explanation:

given data

maturity value = $1,000

nominal rate of return r = 10 percent  = 5 % semi annually = 0.05

mature time t = 5 years  = 10  semi annually

current market value = $768

solution

we apply here present value formula that is

present value = coupon rate × maturity value × \frac{1-(1+r)^{-t}}{r} + \frac{mature\ value}{(1+r)^{-n}}   ..............1

put here value and we get

$768 =  coupon rate × $1000 ×  \frac{1-(1+0.05)^{-10}}{0.05} ×  \frac{1000}{(1+0.05)^{-10}}

solve it we get

coupon rate  = 1.99549 %  Semi-annual

so here annual coupon interest rate is = 2 × 1.99549 %

annual coupon interest rate is 3.99 = 4%

so correct option is c.4%

8 0
3 years ago
Efficient Corporation uses a standard cost system. The following information was provided for the period that just ended: Actual
Luden [163]

Answer:

The option (c) $89,100 unfavorable is correct

Explanation:

Solution

Recall that:

The actual price per gallon = $11.75

Actual gallons of material used= 5,000

Actual hourly labor rate= $17.00

Actual hours of production= 24,300

Standard price per gallon =$12.00

Rate of labor = $12.00

Now,

We find the total direct labor variance which is computed as follows:

Total Direct Labor Variance = Actual Direct Labor Cost - Standard Labor Cost

=24300*17 -3*9000*12

= 413,100 -32400

= -89,100 (unfavorable)

Therefore, the total direct labor variance is $89,100

5 0
3 years ago
Explain the reason why socio economic issues pose challenge to business​
serious [3.7K]

Answer: Gambling iis an issue here are some reasons why

Explanation:

Gambling means to bet on something of which the outcome is not sure.

It can take on form of playing games in the hope that some money could be won.

Although gambling is legal, it gives false hope.

8 0
3 years ago
Rankings in a search engine, such as Google or Bing, may determine the desirability of a product. In this form of marketing, a c
kherson [118]

Answer: Search Engine Marketing

Explanation:

Search engine marketing (SEM) is a form of Internet marketing that involves the promotion of websites by increasing their visibility in search engine results pages (SERPs) primarily through paid advertising.

They achieve this by finding the most relevant and popular keywords for the site and its products, and using those keywords on the site in a way that will generate and convert traffic.

6 0
3 years ago
Monty currently has a Visa card from his bank with the following terms: 18% on purchases, 24% on cash advances with a 4% cash ad
PilotLPTM [1.2K]

The annual percentage yield on Monty's default or penalty rate equals to 42.58%.

<h3>What is the meaning of APY?</h3>

APY is an acronym for Annual percentage yield.

The percentage yield referred to the real rate of return that is earned on an investment after taking into account the effect of compounding interest.

Given that the Visa card has an original default or penalty rate of 36%, the annual percentage yield on Monty's default or penalty rate equals to 42.58%.

Read more about annual percentage yield

<em>brainly.com/question/13012002</em>

#SPJ1

3 0
2 years ago
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