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emmainna [20.7K]
3 years ago
11

You are considering investing in a European bank account that pays a nominal annual rate of 18%, compounded monthly.

Business
1 answer:
kumpel [21]3 years ago
6 0

Answer:

d. 38

Explanation:

This is an Annuity Due type of question. You get the hint from the statement "....$5,000 at the <u>beginning</u> of each month," In an Annuity due , the recurring payments occur at the beginning of the period i.e annually, quarterly or (monthly in this case)

So using a financial calculator on "BGN" mode

nominal rate of 18% is the I/Y. However, since it is monthly compounded, convert it to a monthly rate.

I/Y = 18%/12 = 1.5%

PMT; recurring cashflow = -5,000

FV; future value = 250,000

PV ;present value = 0 (note: in annuity, use 0 for the variable not given)

then CPT N = 37.16

Therefore, it will take approximately 38 months

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Defendant Mcpherson owned property adjacent to the first presbyterian church and wanted to build a gas station on the property.
SCORPION-xisa [38]

The court did not uphold the injunction because the property on which Mcpherson wants to build the Gas station that belongs to Mcpherson has the right to build a gas station on that so Mcpherson challenged this decision any upper court.

<h3>What is an Injunction?</h3>

An injunction is a legal order requiring a person or entity to either cease doing or else start doing some specific action or task.

Thus, in this case, Mcpherson can challenge the lower court's decision in the upper court that prevents him from making a gas station on land that belongs to him.

Learn more about Injunction here:

brainly.com/question/18635611

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5 0
2 years ago
Doug, as a new project manager, has been described by his subordinates as not being a servant leader. Which of the following ite
const2013 [10]

Answer:

C) Doug tells his employees that he needs to know everything that is going on in the department, especially if someone is NOT buying into the project goals.

Explanation:

A servant leader is a leader that believes his/her main goal is to serve the organization. Servant leaders usually value employees' contributions and generally looks for them.

If Doug wants to know who is not buying into the project goals, he is not valuing employees' contributions, he is trying to impose his own views and ideas.  

4 0
4 years ago
Yates Company shows the following unit costs for its product:
Molodets [167]

Answer:

b. greater under absorption costing than variable costing.

Explanation:

The question is to calculate the closing value of inventory and based on the choices, we need to calculate based on both the Absorption Costing and the Variable Costing Methods.

1. Closing Inventory based on Variable Costing Method

Direct Material                                $40

Direct Labour                                  $30

Variable Overhead                           $2

Fixed Overhead                                <u>$0 </u>(this method does not reecognise fixed cost

Totals (Unit cost of Production)     $72

Based on this, the closing inventory is $72 x (8,000+50,000-55,000 units)

=$77 x 3,000= $216,000

2. Closing Inventory based on Absorption Costing Method

Direct Material                                $40

Direct Labour                                  $30

Variable Overhead                           $2

Fixed Overhead                                <u>$5</u>

Totals (Unit cost of Production)     $77

Based on this, the closing inventory is $77 x (8,000+50,000-55,000 units)

=$77 x 3,000= $231,000

Based on these calculations:

The Ending Inventory is higher/Greater under absorption costing than variable costing and the reason is that variable costing does not recognize fixed cost in determining the value of ending inventory.

4 0
4 years ago
Which of the following is a benefit of planning? a.It helps managers understand the relationships among employees. b.It helps ma
DIA [1.3K]

Answer: Option C

Explanation: Planning in management refers to the process in which the managers focuses on determining the goals of the company and ascertaining the need of resources needed to achieve those goals. It is the first step in the management process.

It is focused on allocating the resources to different departments and sections as per the needs, so that the objectives of the organisation could be achieved.

Thus, from the above we can conclude that the correct option is C.

5 0
3 years ago
Popson Inc. incurred a material loss that was unusual in character. This loss should be reported as:
lawyer [7]

Popson Inc. incurred a material loss that was unusual in character. This loss should be reported as: a line item within income from continuing operations.

<h3><u>Explanation:</u></h3>

Any income or loss that was incurred during the continuous operations of any segment of business or in the continuous operations of any segment of business will be either represented as after tax gain or loss on selling the business segment and the after tax effect of the operations of the discontinued business segment.

The areas such as expenses, revenues, loss and gain and those excluding the   operation discontinued and extra ordinary items will included as the income from continuing operations.In the example given, the company has material loss during its operations and hen it should be reported as a line item within income from continuing operations.

4 0
3 years ago
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