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k0ka [10]
1 year ago
15

Rachel and Hogan have three children. To save on haircuts, Rachel cuts the three kids and Hogan's hair. Doing this saves them ab

out $50 per month. If Rachel and Hogan invest that $50 savings at the end of each month in a tax-advantaged, diversified, primarily stock-based mutual fund that averages 10% annually,
what will they have in that mutual fund in 15 years?
Business
1 answer:
Dvinal [7]1 year ago
3 0

Answer:

They will have $37,595.23 in mutual fund in 15 years

Explanation:

<em>Step 1: Determine the present value of savings</em>

This can be expressed as;

Present value=monthly savings×number of months in 15 years

where;

monthly savings=$50

number of months in 15 years=12×15=180 months

replacing;

Present value=50×180=$9,000

<em>Step 2: Determine the future value of savings including interest</em>

This can be expressed as;

FV=PV(1+R)^N

where;

FV=future value

PV=present value

R=annual interest rate

N=number of years

In our case;

FV=unknown

PV=$9,000

R=10%=10/100=0.1

N=15 years

replacing;

FV=9,000(1+0.1)^15

FV=9,000(1.1)^15

FV=$37,595.23

They will have $37,595.23 in mutual fund in 15 years

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A firm has 1,000 shareholders. Both you and Ms. Hostile are among them. Ms. Hostile owns 150 shares and is trying to fire the ma
Andrej [43]

Answer:

$28.24

Explanation:

Total value of the firm's equity = 1000 shares * $30

Total value of the firm's equity = $30,000

Amount paid to Ms. Hostile = 150 shares*($30+$10)

Amount paid to Ms. Hostile = 150 shares * $40

Amount paid to Ms. Hostile = $6,000

Value of equity after paying =  Total value of the firm's equity - Amount paid to Ms. Hostile

Value of equity after paying = $30,000 - $6,000

Value of equity after paying = $24,000

No. of shares remaining = 1,000 shares - 150 shares

No. of shares remaining = 850 shares

Value of each share = Value of equity after paying/No. of shares remaining

Value of each share = $24,000 / 850 shares

Value of each share = $28.23529

Value of each share = $28.24

3 0
2 years ago
ABC Company is trying a new method of employee motivation. Entry-level employees undergo a year of close supervision and bi-week
Serhud [2]
<h2>ABC Company is using <u>Job Enrichment </u>Technique.</h2>

Explanation:

ABC Company is trying out the following:

  • Hand-holding the employees according to their expertise and the position that they handle
  • Provide opportunity to grow up the level
  • Make sure that industry goals are achieved
  • Provide task in such a way that it enhances the skills of employee associated with the organization's goal
  • Increasing the challenging level with proper training and guidance

Let us understand the term "Job Enrichment"

It is the "motivation technique" used in the organization to provide greater satisfaction to the employee.

3 0
2 years ago
Rupert runs his own company and does all the hiring personally to ensure. Fit with the rest of the organization he’s built, wich
Westkost [7]
Do know how to follow instructions and work as a team
7 0
2 years ago
You are a newly hired operations manager for Hospital XYZ. You are required to:
Sergeu [11.5K]

Answer:

Follows are the solution to this question:

Explanation:

follows are the tasks, which is not in the priority order and at hand at Hospital XYZ:

HR domain: share the latest recruitment procedures throughout the emergency department of public health.

Operations: nurse staffing methods for function or treatment.

Funding: Review financial requests for both the purchase of new protections on wax surfaces by protection from the environment.

IT: IT reviews complaints regarding a possible breach of information.

IT: Study application in the physician's office for the implementation of new technology.

If valuing such activities, it should remember, that this patient (client) becomes impacted mainly. The clinicians or staff involved in Tasks 1 & 2, because Task 2, the very first priority must be considered, and also some standards must be developed, by each nurse, with remote care issues.

Information from its daily client is provided to control the staff, and a specific training program is intended for both the newly employed and negative feedback staff.

Respondents-Patients, Professions

Task 1, which directly affects the daily quality of service in a hospital, should be the secondary priority, with such a smaller shortage of hospitals due to customer dissatisfaction.

Members – Patients, medical personnel, permanent employees, doctors.

Task 4 When information violation is alleged, the third priority should to the loss of important patient data to certain other entities that may use for financial gains.

Participants – IT department, patients.

Task 3 will help its hospital cleaner if funds are required to purchase new buffers. Especially in comparison with all the above 3 tasks, it was taken as the fourth priority.

It was important, and that does not affect mostly the client nor would it impact the level of service as large as the three tasks above.

Advisor position-representatives of finance, environment protection, clean folk (sweepers). advisor position

Task 5 Its latest radiology software review application is now to be approved as the last. It indicates why old software is already in place since it is a new program. Consequently, nothing's ever going to stoop or the task in other projects is no slowdowns. It can be achieved as the last goal.

Investors involved-officials of the IT agency, diagnostic agents.

The process improvement throughout the solution of the problems in the hospitals by providing them the necessary importance to identify the priorities of different tasks.

6 0
2 years ago
Exercise 8-3
7nadin3 [17]

Answer:

(a) Prepare the entries to record sales and collections during the period.

  • It had net credit sales of $800,000  

Dr Accounts receivable $ 800,000

Cr Sales $ 800,000

  • Collections of $763,000.

Dr CASH $ 763,000

Cr Accounts receivable $ 763,000

(b) Prepare the entry to record the write-off of uncollectible accounts during the period.

  • It wrote off as uncollectible accounts receivable of $7,300  

Dr Allowance for Uncollectible Accounts $ 7,300

Cr Accounts receivable $ 7,300

(c) Prepare the entries to record the recovery of the uncollectible account during the period.

  • However, a $3,100 account previously written off as uncollectible was recovered before the end of the current period.  

Dr Accounts receivable $ 3,100

Cr Allowance for Uncollectible Accounts $ 3,100

(d) Prepare the entry to record bad debt expense for the period.

  • Uncollectible accounts are estimated to total $25,000 at the end of the period.  

Dr Bad Debt Expense $ 20,200

Cr Allowance for Uncollectible Accounts $ 20,200

Explanation:

If the company applies the allowance method, it means that the account Allowance for Uncollectible Accounts must show as balance the estimated value of $25,000

Because the company already has a CREDIT balance in the Allowance for Doubtful Accounts it's necessary to register an entry that complement the existing value and reflect the estimated value, $ 20,200  

Bad accounts are those credits granted by the company and there is no possibility of being charged.

When customers buy products on credits but the company cannot collect the debt, then it's necessary to cancel the unpaid invoice as uncollectible.

One way is to directly cancel bad debts at the time it was decided that the credit is bad, the total amount reported as bad debt expenses negatively affect the income statement and the accounts receivable are reduced by the same amount, less assets

The other way is to determine a percentage of the total amount of accounts receivable as bad debts, there are many ways to analyze accounts receivable and calculate the value of bad debts.

When the company has the percentage of uncollectible accounts, the required journal entry is Bad Expenses (debit) with Reserve for Bad Accounts (credit)

At the time of cancellation, since the expenses were recognized before, we only use the Allowance for Uncollectible Accounts (Debit)  with accounts receivable (credit), with this we are recognizing the bad credit of the company.

7 0
2 years ago
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