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4 years ago

If you stop and take the time to ask yourself if you are being realistic about

Business

1 answer:

mariarad [96]4 years ago

6 0

The correct answer is Overconfidence bias

Explanation:

Overconfidence bias is the result of an excessive and unrealistic estimation of one's skills, knowledge, ideas, etc even to the point the individual considers himself better than others or does not have an objective perception about himself. This type of bias can lead to negative consequences, for example, by overestimating his ability to pass a test a student might choose not to study at all and then fail the test. Moreover, this can be avoided by assessing realistically one's skills, judgments, etc. According to this, the type of bias that can be avoided is overconfidence bias.

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Today, you have two coins each of which is valued at $100. One coin is expected to appreciate by 5.2 percent annually while the

ziro4ka [17]

Answer:

=$337.43

Explanation:

The value of each of the coins after 50 years is the future value after 50 years at their respective interest rate.

The formula for future value is FV = PV × (1+r)n

For the first coin at 5.2 percent,

Fv = 100 x ( 1 + 5.2/100 ) 50

Fv =100 x (1+ 0.052) 50

Fv = 100 x 12. 61208795

Fv = $1,261. 21

For the second coin at 5.7 percent,

Fv = 100 x (1 + 5.7 /100)50

Fv =100 x (1 + 0.057 )50

Fv = 100 x 15.98

Fv = 1, 598. 64

the difference in value will be

=$1598.64 - $1,261.21

=$337.43

6 0

4 years ago

On January 1, 2019, the Bonds Payable account has a balance of $730,000. On December 31, 2019, the Bonds Payable account has

BigorU [14]

Answer: $99,000

Explanation:

Given the opening Balance of the Bond Payable account as well as the Closing Balance and the bonds that were retired for the year, we can deduce the amount of new bonds issued using the following formula,

Opening Balance + Bonds Issued - Retired bonds = Closing Balance

Making Bonds Issued the subject we have,

Bonds Issued = Closing Balance - Opening Balance + Retired bonds

Bonds issued is therefore,

= 820,000 - 730,000 + 9,000

= $99,000

$99,000 was the Amount of new bonds issued in 2019.

4 0

3 years ago

n its recent income statement Tyler Toys Inc. reported $72.5 million of net income, and in its year-end balance sheet it reporte

Levart [38]

$29.50

I hope this helps you :)

5 0

2 years ago

Calculate the receivables turnover ratio and the average collection period for WalCo, TarMart and CostGet

Aleksandr-060686 [28]

The receivables turnover ratio and the average collection period for Walco: 141.43 times; 2.58 days.

Receivable turnover ratio:

WALCO

Average receivable=1785+2732/2

Average account receivable=4517/2

Average account receivable=$2258.5

Receivable turnover ratio=319427/2258.5

Receivable turnover ratio=141.43 times

Average collection period =365/141.43

Average collection period=2.58 days

TARMART

Average receivable=6016+6544/2

Average receivable=12560/2

Average receivable=$6280

Receivable turnover ratio=64878/6280

Receivable turnover ratio=10.33 times

Average collection period=365/10.33

Average collection period=35.34 days

COSTGET

Average receivable=599+635/2

Average receivable=1234/2

Average receivable= $617

Receivable turnover ratio=65963/617

Receivable turnover ratio=106.87 times

Average collection period=365/106.87

Average collection period=3.42 days

Inconclusion the receivables turnover ratio and the average collection period for Walco: 141.43 times;2.58 days

Your question is incomplete, but most probably your full question was:

Below are amounts (in millions) from three companies' annual reports. beginning accounts receivable ending accounts receivable net sales Walco $1,785 $2,732 $319,427 Tarmart 6,016 6,544 64,878 CostGet 599 635 65,963 required: 1. calculate the receivables turnover ratio and the average collection period for Walco, Tarmart and CostGet.

Learn more about Receivable Turnover Ratio on: brainly.com/question/24849094

#SPJ4

7 0

1 year ago

The aggregate demand for good X is Q = 20 minus P, and the market price is P = $8. What is the maximum amount that consumers

bagirrra123 [75]

Answer:

so maximum amount that consumers are willing to pay for the quantity demanded at this price = $168

Explanation:

given data

Q = 20 - P

P = $8

to find out

maximum amount that consumers are willing to pay for the quantity demanded at this price

solution

we get here demand at current market price that is

Q = 20 - P

Q = 20 - 8

Q = 12

and Total expenditure incurred will be at at current market price will be

Total expenditure incurred = Price × Quantity ..................1

Total expenditure incurred = $8 × 12

Total expenditure incurred = $96

and

we get price when Q = 0

Q = 20 - P

P = 20

so now consumer surplus will be here as

consumer surplus = 0.5 × ( Price when(Q = 0) - Current market price) × Quantity ............................2

put her value we get

consumer surplus = 0.5 × ( 20 - 8 ) × 12

consumer surplus = $72

and

now we get maximum amount that is

maximum amount = Current expenditure + Consumer surplus

maximum amount = $96 + $72

maximum amount = $168

so maximum amount that consumers are willing to pay for the quantity demanded at this price = $168

8 0

3 years ago