1,261 Answered Questions for the topic finance

10/11/21

Are US jobs data really weak?
The US economy created 194K jobs in September, well below the 490K-500K expected. Furthermore, employment estimates from ADP and weekly jobless claims set up even stronger data, highlighting the... more
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10/08/21

Statement of Retained Earnings Question Help!
What is the opening balance of retained earnings and what does it indicate? Is it the the same as beginning balance? & What does ending balance indicate as well? Please explain. Thank you
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10/07/21

A company has some equipment that they know will be
A company has some equipment that they know will be obsolete in five years. They expect, though, that it will have some recycling value, and the purchasing department (which handles disposals)... more
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10/07/21

A company has some equipment that they know will be
A company has some equipment that they know will be obsolete in five years. They expect, though, that it will have some recycling value, and the purchasing department (which handles disposals)... more
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10/07/21

A company has some equipment that they know will be
A company has some equipment that they know will be obsolete in five years. They expect, though, that it will have some recycling value, and the purchasing department (which handles disposals)... more
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10/07/21

You’ve been given $25,000 for your 21st birthday! You decide the prudent thing to do is control your inclination to spend it now, and instead you lock it into an investment that will earn you 8% inte
You’ve been given $25,000 for your 21st birthday! You decide the prudent thing to do is control your inclination to spend it now, and instead you lock it into an investment that will earn you 8%... more
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Finance Math Accounting

10/07/21

A company has some equipment that they know will be obsolete in five years.

A company has some equipment that they know will be obsolete in five years. They expect, though, that it will have some recycling value, and the purchasing department (which handles disposals)... more
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10/07/21

Accounting Question, Please Help
What does it mean when a company has a major expense? Like for example, "The major expense for Dollar Tree Inc. is called Cost of Goods Sold, which represents the cost of the goods Dollar Tree sold... more
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10/07/21

Accounting Question Help
Please explain what the following statement means in detail if you can, thank you.The actual cost of assets or services is usually more reliable than market value.NOTE: Consider the conflict... more
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10/07/21

Accounting Question Help - The statement of retained earnings
What does the beginning balance of retained earning indicate? And what does the following that is reported in the statement of retained earnings mean as well? The addition of net income or the... more
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10/06/21

Accounting Question - Notes to the financial statements
What are notes to the financial statements? Please explain what it means and it's importance.
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10/06/21

Accounting Question Help - Owner's Equity Question 2
Please explain the following statement in detail, I don't quite understand.The owner's equity of proprietorships and of partnerships makes no distinction between what is invested and what is... more
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10/05/21

Accounting Question Help - Owner's Equity
Please help explain the following statement + provide an example if can, I would like a better explanation. Thanks,Owner's equity is the owner's remaining interest in the assets of the company... more
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Finance Math Business

09/29/21

Complete the following by calculating the cash discount and net amount paid:
Gross amount of invoice (freight charge already included) - $7,000 Freight Charge - $100 Date of invoice - 4/8 Term of invoice - 2/10, n/60 Date of payment - 4/15 Cash discount - $_____ Net amount... more
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Finance College Math

09/24/21

How much would you need to deposit in an account each month in order to have $40,000 in the account in 6 years? Assume the account earns 8% interest.
I cannot solve this. Can someone give me the steps? Thank you!
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Finance

09/23/21

Select the correct answer. Which financial transaction is associated with the home rental process? A. down payment B. closing fee C. deposit D. taxes, tags, and title fees Reset Next
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09/22/21

(Weighted?) Average CAGR (Compound Annual Growth Rate) Equation
What’s the equation to calculate the average CAGR (Compound Annual Growth Rate) for all investment purchases where the holding durations (number of days since purchase date) and purchase cost... more
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09/16/21

Please Help, question about dividends.

How do dividends affect a business as a whole? All I know is that dividends decrease retained earnings because it is net income that was not invested in the business.
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Finance Math Mathematics

09/14/21

the principal P is borrowed and the loan's future value, A, at time t is given. Determine the loans simple interest rate, r, to the nearest tenth of a percent. P=$2000 A=$2150 T=1 Year
I know I am supposed to use I = PRT or A=P(1+rt) but I don't understand how I'm supposed to set up the equation.
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Finance

08/24/21

If you work from 6am-4pm for 6 days a week and take 30 mins for lunch each day, how many overtime hours will you get?

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Finance

08/24/21

You have a full time job making a salary of 36,819 per year. If you work a typical 40 hour week all year (52 weeks), how much is your hourly pay rate?

Round to the nearest cent.
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08/21/21

I'm trying to figure out the possible combinations of a group of objects each priced differently.
There are 16 objects priced as follows:$9,600$9,400$9,200$8,800$8,600$8,400$7,800$7,200$7,000$6,600$6,200$5,800$5,400$5,000$4,800and finally $4,600I have a budget of $50,000. How many combinations... more
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Finance

08/19/21

Finance Question Help
Which of the following investment products will probably lead to the lowest EAR? A.Investment GHI with 13% rate compounded continuously.B. Investment DEF with 13% rate compounded quarterly. C.... more
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Finance Math

08/18/21

Financial math help
Caroline has been looking at condos in BC. She finally finds one she likes listed at $289 000. She has saved up $60 000 for a down payment. Assume an interest rate of 4.2%. Caroline has a take home... more
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07/28/21

Quantitative techniques

a) A manufacturing firm finds that the daily costs of producing x units of a product is given by:𝒄 = 𝟎. 𝟎𝟐𝟓𝒙2+ 𝟏𝟑𝒙 + 𝟏𝟎𝟎a. If each of the units is sold for Ksh 20, determine the minimum numbers... more
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