All categories

3 years ago

How can choosing the right institution help you manage money effectively?

Business

1 answer:

Ratling [72]3 years ago

3 0

Answer:

You may get a better job, or it may make you more responsible. The money is the main thing, you will get paid better, so you wont have to worry abt money i guess.

Explanation:

You might be interested in

The total value of all goods and services produced annually in the united states is called

monitta

The GROSS NATIONAL PRODUCT(GNP)
its the market value of all the products and services produced in a given year

3 0

3 years ago

Circular errors are caused by adding the cell name of an _________ cell formula?

Alenkinab [10]

The answer is an active cell. A circular reference occurs when a cell in an Excel<span> 2010 worksheet refers to itself.</span>

7 0

3 years ago

You want to accumulate $1 million by your retirement date, which is 25 years from now. You will make 25 deposits in your bank, w

Rom4ik [11]

Answer:

First deposit will be $11,213.87

Explanation:

To derive how much the first deposit must be, the deposit can be derived by using payment formula for growing annuity

P = FV x (r - g) / [(1 + r)^n - (1 + g)^n]

When FV = $1,000,000

r = 7%

g = 3%

n = 25

Hence, First payment will be:

P = 1,000,000 * (7% - 3%) / (1.07^25 - 1.03^25)

P = 1,000,000 * 4% / 5.427433 - 2.093778

P = 40,000 / 3.333655

P = 11998.842

P = $11,998.84

However, this formula is applicable when the payments are made at the end of the year. In this case the payments are upfront, occurring today. We need to adjust this first payment to reflect the early payment.

Hence, first payment = $11,998.84 / (1 + 7%)

First payment = $11,998.84 / (1 + 0.07)

First payment = $11,998.84 / 1.07

First payment = 11213.8691588785

First payment = $11,213.87

7 0

3 years ago

Use the following information to answer the next question. Total Asset = $40 million Depreciation = $1.0 million. Basic earning

Marizza181 [45]

Answer:

a. $8.0 million; $1.22 million

Explanation:

The computation is shown below:

As we know that

Basic earnings power = EBIT ÷ total assets

So,

EBIT = Basic earnings power × total assets

= 0.20 × 40 million

= $8 million

Now

Times interest earned = EBIT ÷ interest expense

So,

Interest expense = EBIT ÷ Times interest earned

= $8 million ÷ 6.55

= $1.22 million

5 0

3 years ago

According to the Food and Drug Administration, "...the ultraviolet (UV) radiation from these devices [sunlamps and tanning beds]

Sonbull [250]

Answer:

B. shift the demand curve leftward for tanning

Explanation:

According to the Food and Drug Administration, "...the ultraviolet (UV) radiation from these devices [sunlamps and tanning beds] poses serious health risks." As a result of reading this, the local mayor decides to introduce legislation that will put a 10% excise tax on tanning consumers. From an economic point of view, this will________

A. shift the demand curve rightward for tanning.

B. shift the demand curve leftward for tanning.

C. shift the supply curve rightward for tanning.

D. move down along the demand curve for tanning.

The excise tax is a legislated form of tax on specific goods and services at purchase; an indirect type of indirection taxation imposed on the manufacture, sale or the use of certain type of good and products. They are often levied upon goods services such as cigarettes, gasoline,alcohol, tobacco and gambling. They are considered unnecessary goods and services, Taxes are levied on them to raise their price and in order to reduce the amount they are been used.

The local mayor decides to introduce legislation that will put a 10% excise tax on tanning consumers in order to lower the demand for these devices

Consumer will now need to pay higher tax in addition to the price they will pay for the device, this is make people to tan less because of the extra cost. this will lead to a shift in the demand curve

4 0

3 years ago