To address this negative externality, the government might impose a corrective tax on the industry. For instance, they could implement a pollution tax that charges the company a fee for each unit of pollution emitted.
This tax aims to internalize the external costs associated with pollution by making the company bear the social costs of their actions. The social effect of such a tax would likely be a reduction in the level of pollution emitted by the company. By imposing a financial burden on pollution, the tax incentivizes the company to adopt cleaner technologies, improve production processes, or reduce emissions to avoid the tax liability.
This, in turn, leads to a decrease in environmental harm, improved air quality, and potential health benefits for the local community. It's important to note that the actual social effects of a corrective tax can vary depending on the specific circumstances, the industry involved, and the effectiveness of the tax implementation and enforcement.
To know more about corrective tax click here
brainly.com/question/30724843
#SPJ11
needham Pharmaceuticals has a profit margin of 4% an equity
multiplier of 2.4. its sales are 90 million and has total assets of
50 million. what is the return on equity? Do not round intermediate
calc
Needham Pharmaceuticals has a profit margin of 4% and an equity multiplier of 2.4. With sales amounting to $90 million and total assets of $50 million the net income will be $3.6 million and the equity is $20.83 million. Therefore, the ROE is approximately 0.1729 or 17.29%.
To calculate the return on equity (ROE) for Needham Pharmaceuticals, we need to use the given information: profit margin and equity multiplier.
Profit margin = Net Income / Sales
Given profit margin = 4% and sales = $90 million, we can calculate the net income:
Net Income = Profit margin × Sales
Net Income = 0.04 × $90 million
Net Income = $3.6 million
Next, we need to calculate the equity:
Equity = Total Assets / Equity Multiplier
Given total assets = $50 million and equity multiplier = 2.4, we can calculate the equity:
Equity = $50 million / 2.4
Equity = $20.83 million
Finally, we can calculate the return on equity (ROE) using the formula:
ROE = Net Income / Equity
ROE = $3.6 million / $20.83 million
ROE = 0.1729
The return on equity (ROE) for Needham Pharmaceuticals is approximately 0.1729, or 17.29% (rounded to two decimal places).
Learn more about return on equity https://brainly.com/question/30404824
#SPJ11
Radoski Corporation's bonds make an annual coupon interest payment of 7.35%. The bonds have a par value of $1,000, a current price of $1,130, and mature in 12 years. What is the yield to maturity on these bonds?
The yield to maturity on these bonds is approximately 5.65%, if the bonds have a par value of $1,000.
To calculate the yield to maturity (YTM) on the bonds, we can use the following formula:
YTM = (Annual Interest Payment + ((Par Value - Current Price) / Number of Years)) / ((Par Value + Current Price) / 2)
Annual coupon interest payment = 7.35% of $1,000 = $73.50
Par value = $1,000
Current price = $1,130
Number of years to maturity = 12
Plugging in the values into the formula:
YTM = ($73.50 + (($1,000 - $1,130) / 12)) / (($1,000 + $1,130) / 2)
= ($73.50 + (-$13.33)) / ($1,065) / 2
= $60.17 / $1,065
≈ 0.0565
To convert this to a percentage, we multiply by 100:
YTM ≈ 0.0565 * 100
≈ 5.65%
To know more about maturity, here
https://brainly.com/question/26376004
#SPJ4
Question 3 (1 point) Listen Which of the following is a sales-oriented organization? Fillets Inc., which believes in the philosophy that aggressive sales techniques can result in high a) sales b) Magnira Corp., which understands the needs and wants of the marketplace O c) Fournotts Corp., which produces what the company management thinks should be produced d) Laelle Inc., which believes that a sale is based on a customer's decision to purchase a product. Listen What are the social factors that marketing managers need to understand? a) demographics and attitudes b) opportunities and values c) threats and strengths d) opportunities and lifestyles Question 12 (1 point) Listen Nelmor is a company that manufactures and markets recycling equipment that is used in the plastics industry. Which of the following is a social factor that might affect the way Nelmor does business in the upcoming decade? The population is growing older. Today's shoppers are environmentalists. Income levels will rise in the next decade. More consumer products will be made with high-tech ceramics. Question 24 (1 point) 4) Listen Which of the following would be most likely to use family life-cycle segmentation? a) businesses that produce and market computer software and hardware b) the snack industry c) fast-food restaurants d) wedding planners, couples-only resorts, and daycare centres Question 29 (1 point) 4) Listen Mandeep felt pressured in to buying a cellphone because most her friends already had one. What would Mandeep be classified as? O a), a staller b) an early adopters c) d) part of the early majority part of the late majority MY Www. What statement best explains CRM? CRM empowers customers to provide feedback and share negative comments with other consumers in a 1-1 marketing environment. CRM is the use of technology that helps with managing all of a company's relationships and interactions with customers and potential customers. The goal is focused on customer acquisition. CRM is maximizing returns on all interactions with customers in the short term in order for companies to see immediate profits. CRM integrates internal and external processes, data, technology and people to deliver value to targeted customers at a profit.
Sales-oriented organizationFillets Inc. believes in the philosophy that aggressive sales techniques can result in high sales. Hence, Fillets Inc. is a sales-oriented organization. Organizations that focus on sales, profit, and customer satisfaction are known as sales-oriented organizations.
Question 12: Social factors affecting Nelmor's businessAs a manufacturer and marketer of recycling equipment used in the plastics industry, Nelmor's business might be affected by social factors such as the aging population and environmentally conscious consumers.Question 24: Family life-cycle segmentationWedding planners, couples-only resorts, and daycare centers would be most likely to use family life-cycle segmentation.
Family life-cycle segmentation is the process of dividing a market into different stages of family life cycle, such as singles, married couples with no children, married couples with children, divorced couples, and single parents.Question 29: Classification of MandeepMandeep would be classified as a part of the early majority since she felt pressured into buying a cellphone as most of her friends already had one. Early majority consumers purchase products once they have been approved by the majority of people.
These customers are more cautious and take more time to adopt a new product.
To know more about business visit :
https://brainly.com/question/15826679
#SPJ11
ournal entry worksheet < 1 2 3 Note: Enter debits before credits. Transaction d. st Prepare the required adjusting entry, if any. Analysis of Unearned revenue shows $4,566 remaining unearned at December 31. Record entry 4 5 6 General Journal Clear entry Debit Credit View general journal >
Debit Unearned Revenue by $4,566 and credit Revenue by $4,566 for the adjusting entry of remaining unearned revenue.
To set up the changing section for the leftover unmerited income of $4,566 at December 31, you would charge the Unmerited Income of General Journal credit and debit records and credit the Income account.
The changing section perceives the part of the unmerited income that has been acquired by the organization as income for the period. The diary section would be as per the following, date: December 31, 2023 Account Charge Credit Unmerited Income $4,566.
By charging the Unmerited Income account, you decrease the risk on the monetary record, mirroring that a piece of the income has been procured. The credit to the Income account builds the income on the pay articulation, perceiving the sum as income acquired during the period.
This changing section guarantees that the fiscal summaries precisely mirror the income that has been procured and lines up with the matching guideline, which expects income to be perceived when it is brought in and not when the money is gotten.
To learn more about General Journal credit and debit, refer:
https://brainly.com/question/30028645
#SPJ4
Suppose there is a profit-maximising monopolist in the market. The demand curve for the monopolist is given by P= 80 – 3Q, where P is the price for each unit of product and Q is quantity. The marginal cost curve is MC = 4Q. What is the equilibrium price?
a,64
b.56
c.72
d.80
The given demand curve is P = 80 – 3Q, and the marginal cost curve is MC = 4Q. To find the equilibrium price, we need to equate marginal cost and marginal revenue.
The total revenue (TR) is given by TR = P × QPut the given demand function into this equation TR = (80 – 3Q)QTR = 80Q – 3Q²The marginal revenue (MR) is the derivative of the total revenue with respect to Q MR = d(TR)/d(Q)MR = 80 – 6QThe profit maximization condition iS. MR = MC.
Substitute Q = 8 into the demand equation:P = 80 – 3QP = 80 – 3(8)P = 56Therefore, the equilibrium price is $56 (option b). The given demand curve is P = 80 – 3Q, and the marginal cost curve is MC = 4Q. To find the equilibrium price, we need to equate marginal cost and marginal revenue.
To know more about demand visit :
https://brainly.com/question/30402955
#SPJ11
question 4 suppose you have the following two mutually exclusive projects that you can carry out on the corner of 39th street and walnut street: build a daycare center or a health spa. suppose the day care center has the following cash flows: an immediate cash outlay of $5,000 followed by inflows of $2500 in each of the next 3 years and zero thereafter. suppose the health spa has the following cash flows: an immediate outlay of $5000 followed by inflows of nothing in year one, $1000 in year 2 and $7100 in year 3 and zero thereafter. if you base your investment decision on which investment has the highest npv, which do you choose when the discount rate is 15%?
Based on the Net Present Value (NPV) criterion with a discount rate of 15%, the health spa project should be chosen as it has the higher NPV compared to the daycare center project.
Based on the Net Present Value (NPV) criterion, if the discount rate is 15%, the investment with the highest NPV should be chosen. Let's calculate the NPV for each project:
For the daycare center:
Initial cash outlay: -$5,000
Cash inflows: $2,500 per year for 3 years (years 1 to 3)
Cash inflow in year 4: $0
Using a discount rate of 15%, we can calculate the NPV of the daycare center project using the formula:
NPV = (Cash inflow Year 1 / (1 + Discount rate)¹) + (Cash inflow Year 2 / (1 + Discount rate)²) + (Cash inflow Year 3 / (1 + Discount rate)³) + (Cash inflow Year 4 / (1 + Discount rate)⁴) - Initial cash outlay
NPV = ($2,500 / (1 + 0.15)¹) + ($2,500 / (1 + 0.15)²) + ($2,500 / (1 + 0.15)³) + ($0 / (1 + 0.15)⁴) - $5,000
For the health spa:
Initial cash outlay: -$5,000
Cash inflow in year 1: $0
Cash inflow in year 2: $1,000
Cash inflow in year 3: $7,100
Cash inflow in year 4: $0
NPV = ($0 / (1 + 0.15)¹) + ($1,000 / (1 + 0.15)²) + ($7,100 / (1 + 0.15)³) + ($0 / (1 + 0.15)⁴) - $5,000
By calculating the NPV for both projects, the investment with the highest NPV should be chosen.
To know more about investment, here
https://brainly.com/question/15105766
#SPJ4
QUESTION 20 3 points Give an example showing how can a cost-push inflation be generated Then briefly describe the process related to this type of inflation For the toolbar, press ALT+F10 (PC) or ALT+PN+F10 (Mac) BIVS Paragraph Y Aral Y *** 10pt E E AV I WORD POWERED TR Click Save and Submit to ave and nubmit. Click Sauw All Answers to save all anners. acer Lave Save A Save and Subt
Cost-push inflation occurs when there is a rise in the cost of production, such as wages or raw materials, resulting in higher prices for goods and services.
The following is an example of how cost-push inflation can occur:
A company's workers demand higher wages due to inflationary pressures and an increase in the cost of living.
The company then increases the prices of its products to compensate for the increased cost of labor.
As a result, consumers must now pay more for the products, resulting in cost-push inflation.
The process related to cost-push inflation:
Cost-push inflation is a form of inflation that occurs when rising production costs, such as wages and raw materials, lead to a higher cost of production.
Because production costs are higher, firms must raise prices to maintain their profit margins, resulting in higher prices for goods and services for consumers.
Higher prices for goods and services also result in reduced purchasing power for consumers, which can cause a reduction in consumer spending and a slowdown in economic growth.
Learn more about Cost-push inflation here
https://brainly.in/question/8937127
#SPJ11
Customer service policies such as those in omnichannel retailing
that promise delivery times of less than 24 hours, require
additional warehouses located closer to customer locations. t
rue or false
It is true that customer service policies, such as those in omnichannel retailing that promise delivery times of less than 24 hours, require additional warehouses located closer to customer locations.
In the era of the digital age, online shopping has revolutionized the retail industry. Retailers have embraced omnichannel retailing strategies to adapt to the changing needs of the consumer. This involves integrating online and offline channels to offer a seamless customer experience and make their shopping more comfortable, convenient, and accessible to customers.The new customer service policies require fast delivery times, which have become a critical component of online customer satisfaction.
These additional warehouses are necessary to facilitate the quick processing and delivery of orders from local inventory. The warehouses are located in or near the main metropolitan areas to ensure speedy deliveries, and in most cases, these warehouses also serve as fulfillment centers.
To know more about policies visit:
https://brainly.com/question/30702255
#SPJ11
Amy Lloyd is interested in leasing a new car and has contacted three automobile dealers for pricing information. Each dealer offered Amy a closed-end 36 month lease with no down payment due at the time of signing. Each lease includes a monthly charge and a mileage allowance. Additional miles receive a surcharge on a per-mile basis. The monthly lease cost, the mileage allowance, and the cost for additional miles follow: Dealer Monthly Cost Mileage Cost per Allowance Additional Mile $289 35,000 $0.15 Dealer Dealer B Dealer $300 45.000 $0.20 5315 54,000 $0.15 Amy decided to choose the lease option that will minimize her total 36- month cost. The difficulty is that Amy is not sure how many miles she will drive over the next three years. For purposes of this decision she believes it is reasonable to assume that she will drive 12,000 miles per year, 15,000 miles per year, or 18,000 miles per year. With this assumption Amy estimated her total costs for the three lease options. For example, she figures that the Dealer Alease will cost her 36($289) + $0.15(36,000 - 36,000) - $10,404 if she drives 12,000 miles per year 36(5289) - $0.15[45,000 - 36,000) - $11.754 if she drives 15,000 miles per year, or 36($289) + $0.15(54,000 - 36,000) - $13,104 if she drives 18,000 miles per year. (a) What is the decision, and what is the chance event? The decision is to choose the best lose option alternatives. The chance event is the number of mes driven There are possible outcomes (b) Construct a payoff table. Enter your answers in $). Annual Miles Driven Dealer 12,000 15,000 Dealer A $10,404 $11,754 18,000 $13,104 Dealer B 10800 10000 12600 Dealerc $ 11340 11340 11340 (c) IF Amy has no idea which of the three mileage assumptions is most appropriate, what is the recommended decision (leasing option) using the optimistic, conservative, and minimax regret approaches? The recommended decision using the optimistic approach is Dealer The recommended decision using the conservative approach is Dealer Aura |x The recommended decision using the minimax regret approach is Dear G (d) Suppose that the probabilities that Amy drives 12,000, 15,000, and 18,000 miles per year are 0.5, 0.4 and 0.1, respectively. What option should Amy choose using the expected value approach? EVIDealer A) - 11214 EV(Dealer B) - $ 10980 EVIDealer C) - $ 11340 The best decision is Dealer B (e) Develop a risk profile for the decision selected in part (d). What is the most likely cost, and what is its probability? Based on the risk profile, the most likely cost is s at a probability of (6) Suppose that after further consideration Army concludes that the probabilities that she will drive 12,000, 15,000, and 18,000 miles per year are 0.3, 0.4, and 0.3, respectively. What decision should Amy make using the expected value approach? EV Dealer A) - 5 EV(Dealer B) - 5 EVIDealer C) = $ The best decision is S
a) The decision is to choose the lease option that will minimize Amy's total 36-month cost. The chance event is the number of miles driven. c) Using the minimax regret approach, Amy would choose Dealer C, as it has the lowest regret for any given outcome. f) The best decision is to choose Dealer A as it has the highest expected value.
Answers to the questions(a) The decision is to choose the lease option that will minimize Amy's total 36-month cost. The chance event is the number of miles driven.
(b) Payoff table:
Annual Miles Driven Dealer A Dealer B Dealer C
12,000 $10,404 $10,800 $11,340
15,000 $11,754 $10,000 $11,340
18,000 $13,104 $12,600 $11,340
(c) Using the optimistic approach, Amy would choose Dealer A, as it has the highest payoff under the most favorable mileage assumption.
Using the conservative approach, Amy would choose Dealer B, as it has the highest payoff under the least favorable mileage assumption.
Using the minimax regret approach, Amy would choose Dealer C, as it has the lowest regret for any given outcome.
(d) Suppose the probabilities of driving 12,000, 15,000, and 18,000 miles per year are 0.5, 0.4, and 0.1, respectively.
Using the expected value approach:
Expected value of Dealer A = (0.5 * $10,404) + (0.4 * $11,754) + (0.1 * $13,104) = $11,214
Expected value of Dealer B = (0.5 * $10,800) + (0.4 * $10,000) + (0.1 * $12,600) = $10,980
Expected value of Dealer C = (0.5 * $11,340) + (0.4 * $11,340) + (0.1 * $11,340) = $11,340
The best decision is to choose Dealer A as it has the highest expected value.
(e) Based on the risk profile, the most likely cost is $11,214 with a probability of 0.5.
(f) Suppose the probabilities of driving 12,000, 15,000, and 18,000 miles per year are 0.3, 0.4, and 0.3, respectively.
Using the expected value approach:
Expected value of Dealer A = (0.3 * $10,404) + (0.4 * $11,754) + (0.3 * $13,104) = $11,394
Expected value of Dealer B = (0.3 * $10,800) + (0.4 * $10,000) + (0.3 * $12,600) = $10,740
Expected value of Dealer C = (0.3 * $11,340) + (0.4 * $11,340) + (0.3 * $11,340) = $11,340
The best decision is to choose Dealer A as it has the highest expected value.
Learn more about Expected value at https://brainly.com/question/14723169
#SPJ4
Which type of accounting change should always be accounted for in current and future periods?
a. Change in accounting principle
b. Change in reporting entity
c. Change in accounting estimate
d. Correction of an error
The kind of accounting change ought to constantly be represented in current and future periods of change in accounting estimates.
The option (C) is correct.
An adjustment of the bookkeeping gauge happens when there is an update in the assessment of a sum detailed in fiscal reports for a past period. This change is represented tentatively, meaning it is perceived in the ongoing time frame and future periods impacted by the change.
It is vital to take note that an adjustment of the bookkeeping gauge reflects new data or conditions that were not accessible or known beforehand. Thus, it is fitting to change the budget reports going ahead to mirror the most dependable gauge in light of the new data accessible.
Learn more about accounting:
https://brainly.com/question/15413331
#SPJ4
Construction rings are tested for their diameter desired to be within a certain range. Random samples of 5 rings are chosen from the despatch section and their diameter values measured. The sample mean X and standard deviation s are found. After 20 samples, EX bar = 1850 and Es -200. The specifications are 95 ± 5 mm.
a. Find the control limits for the X bar and s-charts. b. Assuming that the process in control, estimate the process mean and process standard deviation.
he process mean is 95 mm and the process standard deviation is 5 mm. Construction rings need to be within a certain diameter range, which is tested by taking random samples of 5 rings from the despatch section and measuring their diameter values.
a. Control limits for the X bar and s-charts:
Control limits for the X bar chart
Upper Control Limit (UCL) = X bar + A2SEx bar + A3s = 95 + 2.66 (5) = 107.3 mm
Lower Control Limit (LCL) = X bar - A2SEx bar - A3s = 95 - 2.66 (5) = 82.7 mm
The control limits for the X bar chart are 82.7 mm and 107.3 mm. Control limits for the s-chart
Upper Control Limit (UCL) = s + B4s = 5 + 0 (5) = 5 mm
Lower Control Limit (LCL) = s - B3s = 5 - 0 (5) = 5 mm
The control limits for the s-chart are 0 mm and 10 mm.
b. Assuming that the process is in control, estimate the process mean and process standard deviation. The mean and standard deviation can be found using the formulas below: µ = X bar = 95 mmσ = s = 5 mm
Therefore, the process mean is 95 mm and the process standard deviation is 5 mm. Construction rings need to be within a certain diameter range, which is tested by taking random samples of 5 rings from the despatch section and measuring their diameter values. This process is monitored using control charts to ensure that the diameter range remains consistent and within the desired specifications. The X bar chart is used to monitor the sample mean X, and the s-chart is used to monitor the sample standard deviation s. After 20 samples, the mean of the sample means, EX bar, is 1850, and the mean of the sample standard deviations, Es, is 200.
Using the given specifications of 95 ± 5 mm, the control limits for the X bar chart are found to be 82.7 mm and 107.3 mm. The control limits for the s-chart are found to be 0 mm and 10 mm. Assuming that the process is in control, the process mean and standard deviation can be estimated as 95 mm and 5 mm, respectively. This means that the process is within the desired specifications, and any deviations from the mean and standard deviation are due to common causes rather than special causes. Overall, monitoring the diameter range using control charts helps to ensure that the construction rings are consistent and meet the desired specifications.
To know more about standard deviation visit: https://brainly.com/question/29115611
#SPJ11
The actual variable costs are $25500 and the actual units produced total 275 and the actual direct labour hours total 550. If the budgeted hour per unit are 3 and the budgeted variable cost allocation rate is $25 and the budgeted units to be produced are 225 . What is the rate Variance, Efficiency Variance and Flexible Budget variance is the allocate variable costs based on direct labour hours. Be sure to indicate whether the variances are favourable or unfavourable.
As per the given values, the rate variance is -$28.64, the efficiency variance is -$6,875, and the flexible budget variance is $1,250
Actual variable costs = $25,500
Actual units produced = 275
Actual labor hours = 550
Budgeted hours per unit = 3
Budgeted variable cost allocation rate = $25
Budgeted units to be produced = 225
Calculating the Rate Variance -
Rate Variance = Actual Variable Cost/ Actual Labor - Budgeted VC/ Budgeted hours
($25,500 / 550) - ($25 x 3)
= $46.36 - $75
= -$28.64 ( Unfavorable variance)
Calculating the Efficiency Variance -
Efficiency Variance = Actual Labor hours - ( Units produced x Budgeted hours) x Budgeted variable cost
= (550 - (275 x 3)) x $25
= (550 - 825) x $25
= -275 x $25
= -$6,875 ( Unfavorable variance)
Calculating the Flexible Budget Variance -
Flexible Budget Variance = Actual Units - Budgeted Units x Variable Cost
= (275 - 225) x $25
= 50 x $25
= $1,250
Read more about variance on:
https://brainly.com/question/15858152
#SPJ4
the italian bread company purchased land as a factory site for $67,000. an old building on the property was demolished, and construction began on a new building. costs incurred during the first year are listed as follows: demolition of old building $ 8,700 sale of salvaged materials (1,100) architect fees (for new building) 18,500 legal fees (for title investigation of land) 2,700 property taxes on the land (for the first year) 3,700 building construction costs 570,000 interest costs related to the construction 21,500 required: determine the amounts that the company should record in the land and the building accounts
The costs associated with hiring an architect, hiring a lawyer, and other expenses are not immediately related to the original recording of the land and building accounts, but they could be viewed as part of the total cost of construction and included in the building account.
The amounts that the company should record in the land and building accounts are as follows:
Land Account:
Purchase price of land: $67,000
Property taxes on the land (for the first year): $3,700
Total recorded in the Land Account: $67,000 + $3,700 = $70,700
Building Account:
Building construction costs: $570,000
Interest costs related to the construction: $21,500
Total recorded in the Building Account: $570,000 + $21,500 = $591,500
It's crucial to remember that the old structure's demolition and the sale of its salvaged components should be handled as separate transactions and not directly recorded in the land or building accounts.
To know more about Property taxes, here
brainly.com/question/30757120
#SPJ4
E DX prefer to invest in? Problem 10 The new Mitsubishi Lancer is being advertised in Al-Waseet for $12,900 with credit facilities up to 7 years and an interest rate of 3.75%. You are considering buying this car with the maximum credit facility period of 7 years from M Bank. To simplify the analysis, assume annual payment and compounding periods. a) Assume M Bank charges interest on the outstanding balance of the car loan. That is, the annual payment will be used to cover interest on the outstanding balance and part of the car price. What would your annual payment be? Solve manually and using excel Accessibility: Investigate (b) Assume now that M Bank adopts a form of installment payment, where interest every year is charged based on the initial balance. That is, the annual payment will be used to cover interest on the initial balance ($12,900) and part of the car price. What would your annual payment be? Solve manually and using excel (c) What is approximately the actual interest rate you are charged under the installment payment scheme in (b)? Solve using excel Problem 11 The Lohan Ministry of Transnortation in considering thron contracts to maintain the runwave in Focus 68 m
Annual payment: $1,970.76 (interest on outstanding balance) Annual payment: $2,387.50 (interest on initial balance) Approximate interest rate: 5.62%.
Mitsubishi Lancer price and payment analysis? To calculate the annual payment when M Bank charges interest on the outstanding balance, we can use the formula for calculating the monthly payment on a loan:P = r * PV / (1 - (1 + r)^(-n))
Where:
P = Annual payment
r = Monthly interest rate (3.75% / 12)
PV = Present value or loan amount ($12,900)
n = Number of payments (7 years * 12 months per year)
Let's calculate this manually:
r = 0.0375 / 12 = 0.003125 (monthly interest rate)
n = 7 * 12 = 84 (total number of payments)
P = 0.003125 * 12900 / (1 - (1 + 0.003125)^(-84))
P ≈ $1,970.76 (rounded to the nearest cent)
The annual payment would be approximately $1,970.76.
When M Bank adopts a form of installment payment where interest is charged based on the initial balance, the annual payment can be calculated by dividing the total loan amount plus interest over the loan term:P = (PV + (PV * r * n)) / n
Let's calculate this manually:
P = (12900 + (12900 * 0.0375 * 7)) / 7
P ≈ $2,387.50 (rounded to the nearest cent)
The annual payment would be approximately $2,387.50.
To find the approximate actual interest rate charged under the installment payment scheme, we can use the RATE function in Excel:=RATE(n, -P, PV)
Where:
n = Number of payments (7 years * 12 months per year)
P = Annual payment ($2,387.50)
PV = Present value or loan amount ($12,900)
Using this formula in Excel, you would enter "=RATE(84, -2387.50, 12900)" in a cell to find the approximate actual interest rate. The result would be approximately 5.62%.
Learn more about Car financing
brainly.com/question/28754322
#SPJ11
Case Study 2: Data Representation Problem (04 Marks) ABC Education Services, a private firm designed and implemented a new education software to the government schools for improving the learning among the children. After 6 months, this organization hired you to conduct survey and analyze the effectiveness of this new initiative. If data shows that the new education software is successful, the organization will get more funding from the government to expand it to other schools which means a lot of profit for this company. As part of your data analyst job, you conducted interviews and several surveys to prepare your report. Once you finish analyzing the data, it showed that this software is not bringing any significant improvement in student learning. You told this news to your manager; however, he insisted that you reanalyze and interpret data differently to show that the software is effective. Questions: 1. What type of ethical dilemma is faced by data analyst in this case? Analyze the situation. (02 Marks) Answer: 2. What will you do in this situation to solve the ethical problem? (02 Marks) Answer:
The data analyst should prioritize their professional and ethical responsibilities and ensure that their actions are in line with their values and the best interests of the students in a Ethical dilemma.
1. Ethical dilemma faced by data analyst in this case:In this case, the data analyst is facing an ethical dilemma. On one hand, they have collected and analyzed data that shows the education software is not bringing any significant improvement in student learning. On the other hand, their manager is insisting that they reanalyze and interpret the data differently to show that the software is effective. This puts the data analyst in a difficult situation as they have to decide whether to report the true findings or manipulate the data to please their manager.Analyze the situation:In this case, the data analyst has a responsibility to report accurate findings based on the data collected.
2. Solution to the ethical problem faced by data analyst in this case:In this situation, the data analyst should stand by their findings and report the truth to their manager. They can explain their methodology and analysis to their manager, and highlight the limitations of the data. They can also suggest ways to improve the software or collect more data to better assess its effectiveness.
know more about Ethical dilemma here
brainly.com/question/16313637#
#SPJ11
2. A firm faces the production function Q = f(K, L) = 80[0,4K-0,25 +0,4L-025] 0.25. It can buy the inputs K and L at prices per unit of 5 TL and 2 TL respectively. What combination of L. and K should
The cost-minimization challenge must be taken into account in order to identify the input combination (K and L) that a corporation should select in order to optimize its production. The Lagrange multiplier approach can be used to resolve this issue. As for the Lagrange multiplier function: L(K, L, ) = PK*K + PL*L - (Q-Q0) We may discover the critical points by taking the partial derivatives with regard to K, L, and, setting them to zero, and then computing the critical points: L/ = Q - Q0 = 0 L/ = PK - * Q/K = 0 L/ = PL - * Q/L = 0 .
The Lagrange multiplier method is a technique used in mathematical optimization to locate the local maxima and minima of a function that is subject to equation constraints (i.e., subject to the requirement that one or more equations must be precisely satisfied by the selected values of the variables).
It bears Joseph-Louis Lagrange's name, a mathematician. The combination fundamental concept is to transform a limited issue into a format where the derivative test of an unconstrained problem is still applicable.
Learn more about Lagrange multiplier, from :
brainly.com/question/30776684
#SPJ1
According to the New Trade Theory, after the Home country begins trading with another country: (3 Marks) (a) Home consumers have access to more products than before (b) Home firms have access to more consumers than before (c) The number of Home firms decreases in the long run (d) All answers are correct
The New Trade Theory suggests that after the Home country begins trading with another country, home firms have access to more consumers than before.
New Trade Theory is a branch of economics that deals with the rise of globalization. It claims that economies of scale, network effects, and first-mover benefits provide businesses with long-term competitive advantages.
These factors enable companies to manufacture goods at a lower cost than their competitors while providing consumers with more options and lower prices .In relation to the question, the correct option is:(b) Home firms have access to more consumers than before.
To know more about Trade Theory visit :
https://brainly.com/question/30175989
#SPJ11
1. Refer to the 2016 Reports of Independent Auditors of Unilever N.V. and Unilever PLC. Required: Identify the features in the above audit report that are unique to an MNC.
The audit reports of Unilever N.V. and Unilever PLC in 2016 demonstrate several features that are unique to a multinational corporation (MNC). Firstly, they likely involve the consolidation of financial statements from multiple subsidiaries and branches located in different countries.
This reflects the global operations and diversified business activities of an MNC. Secondly, the audit reports may contain information about compliance with various international accounting standards and regulations to ensure consistency and transparency across different jurisdictions. Additionally, they may highlight the complexities associated with foreign currency translations, transfer pricing, and tax implications across international borders. Overall, the audit reports of Unilever N.V. and Unilever PLC in 2016 showcase the distinct characteristics and challenges faced by MNCs in their financial reporting and auditing processes.
To know more about financial reporting, here
brainly.com/question/13185034
#SPJ4
--The complete Question is, How do the audit reports of Unilever N.V. and Unilever PLC in 2016 demonstrate features that are unique to a multinational corporation (MNC)?--
Cullumber Company at December 31 has cash $20,600, noncash assets $108,000, liabilities $57,400, and the following capital balances: Floyd $43,400 and DeWitt $27,800. The firm is liquidated, and $119,000 in cash is received for the noncash assets. Floyd and DeWitt income ratios are 70% and 30%, respectively. Cullumber Company decides to liquidate the partnership. Prepare the entries to record: (Credit account titles are automatically indented when amount is entered. Do not indent manually.) a. The sale of noncash assets, b. The allocation of the gain or loss on realization to the partners. c. Payment of creditors. d. Distribution of cash to the partners.
The entries to record the sale of non-cash assets, the allocation of gain or loss on realization to the partners, payment of creditors, and distribution of cash to partners are presented bwlow.
a. Sale of non-cash assets: Assets Cash Non-cash Assets Total Debit Credit 119,000108,000227,000-227,000b.
Allocation of gain or loss on realization to the partners:
Partner’s Capital Account Floyd DeWitt Debit Credit Credit
Gain on realization 43,400 27,800 17,889.70 7,657.03
Loss on realization 43,400 27,800 22,110.30 9,473.97
c. Payment of Creditors:
Account Titles Debit Credit Non-cash assets 108,000
Liabilities 57,400
Gain on realization (Floyd 70%) 17,889.70
Gain on realization (DeWitt 30%) 7,657.03 83,946.73 83,946.73d.
Distribution of cash to the partners:
Account Titles Debit Credit Cash 119,000
Floyd Capital 61,289.40
DeWitt Capital 26,169.87
Gain on realization 17,889.70
Gain on realization 7,657.03 119,006.00
The entries to record the sale of non-cash assets, the allocation of gain or loss on realization to the partners, payment of creditors, and distribution of cash to partners are presented above.
To know more about assets visit:
https://brainly.com/question/14826727
#SPJ11
Sumter Pumps Corporation, a manufacturer of industrial pumps, reports the following results for the year ended December 31, 20Y3:
Retained earnings, January 1, 20Y3 $60,583,000
Net income 7,466,000
Cash dividends declared 1,001,000
Stock dividends declared 2,607,000
Prepare a retained earnings statement for the year ended December 31, 20Y3. Refer to the lists of Labels and Amount Descriptions provided for the exact wording of the answer choices for text entries. For those boxes in which you must enter subtracted negative numbers use a minus sign.
The retained earnings statement of Sumter Pumps Corporation have an ending balance of $64,441,000.
What is the retained earnings statement for Sumter Pumps Corporation for the year ended December 31, 20Y3?A statement of retained earnings shows sum of the earnings that a company has accumulated and kept in the business since it started operations.
Retained earnings, January 1, 20Y3: $60,583,000
Net income: $7,466,000
Cash dividends declared: $1,001,000
Stock dividends declared: $2,607,000
Retained Earnings, January 1, 20Y3: $60,583,000
Add: Net income: $7,466,000
Total available earnings: $68,049,000
Less: Dividends declared: $1,001,000 (cash dividends) + $2,607,000 (stock dividends) = $3,608,000
Retained Earnings, December 31, 20Y3: $64,441,000
Read more about retained earnings
brainly.com/question/15175380
#SPJ4
1. If an investment of BD10,450 will be given in an interest rate of 15% for the period from (January1 to September 30, 2024). What is the value of the exact simple interest and the total payable amount? solve the problem showing cash flow, and final answer using a suitable formula. (10 POINTS) 2. Mohamed has been borrowed BD 95,000 at 8% annually on compound interest. At the end of every year, he pays BD 1,100 as part payment of loan and interest. How much does still owe to the bank after 3 such annual payments? solve the problem showing cash flow, and final answer using a suitable formula. ( 10 POINTS)
1)The value of the exact simple interest and the total payable amount is BD 784.50 and BD 11,234.50 respectively.
2)Mohamed still owes BD125,966.56 to the bank after 3 annual payments.
1. Let us calculate the simple interest first.
I = P * r * tP = BD10,450
r = 15% = 0.15
t = 9 months = 9/12 years
I = 10,450 * 0.15 * (9/12)= BD 784.50
Now, let us calculate the total payable amount.
Total payable amount = P + I= BD10,450 + BD 784.50= BD 11,234.50
Therefore, the value of the exact simple interest and the total payable amount is BD 784.50 and BD 11,234.50 respectively.
2. Let us first calculate the interest for the first year. It will be the product of the interest rate and the principal amount.
I1 = P * r
P = BD95,000
r = 8% = 0.08
I1 = 95,000 * 0.08 = BD7,600
Now, let us calculate the outstanding loan amount after the first payment.
Outstanding loan amount = (P + I1) - Payment= (95,000 + 7,600) - 1,100= BD101,500 - BD1,100= BD100,400
Now, let us calculate the interest for the second year.I2 = 100,400 * 0.08 = BD8,032
Now, let us calculate the outstanding loan amount after the second payment.
Outstanding loan amount = (P + I1 + I2) - (Payment + Payment)= (95,000 + 7,600 + 8,032) - (1,100 + 1,100)= BD110,132 - BD2,200= BD107,932
Now, let us calculate the interest for the third year.I3 = 107,932 * 0.08 = BD8,634.56
After the third payment, the outstanding loan amount is:
Outstanding loan amount = (P + I1 + I2 + I3) - (Payment + Payment + Payment)= (95,000 + 7,600 + 8,032 + 8,634.56) - (1,100 + 1,100 + 1,100)= BD129,266.56 - BD3,300= BD125,966.56
Therefore, Mohamed still owes BD125,966.56 to the bank after 3 annual payments.
Learn more about simple interest at:
https://brainly.com/question/30824126
#SPJ11
John is looking to sell his car and Mary is looking to buy it. John values the car at $2000 and Mary values it at $3000. John places an add in the newspaper and Mary must either accept the offer or ignore it. Which of the following prices would be the best price for John to advertise the car for? a. $2000 b. $2500 c. $3500 d. $2999 e. John is indifferent between any of these prices.
The best price for John to advertise the car for would be $2999. Option D is answer.
In this scenario, John wants to maximize his selling price for the car, while Mary wants to minimize her buying price. John values the car at $2000, while Mary values it at $3000. The price John advertises will determine whether Mary decides to accept or ignore the offer.
If John advertises the car for $2000 (option a), Mary will definitely accept the offer since it matches her valuation. However, John would be selling the car below its actual value, resulting in a lower profit.
If John advertises the car for $3500 (option c), Mary would ignore the offer as it exceeds her valuation. John will not be able to sell the car in this case.
Between the remaining options (b, d, and e), the best price for John to advertise the car is $2999 (option d). At this price, John is offering the car slightly below Mary's valuation, creating an attractive deal for her. This increases the likelihood of Mary accepting the offer and allows John to maximize his selling price.
Option D is answer.
You can learn more about price at
https://brainly.com/question/1153322
#SPJ11
Complex instructions are a tradeoff between processor complexity and program simplicity.
a. True
b. False
The statement "Complex instructions are a tradeoff between processor complexity and program simplicity" is a true statement.
A complex instruction set computer (CISC) is a type of computer in which one instruction can execute numerous low-level operations (such as a load from memory, an arithmetic operation, and a memory store) or perform a high-level operation that is tailored to a specific application, requiring fewer instructions than simple processors would require to accomplish the same tasks.
When a large number of instructions are included, instructions can be made shorter, resulting in lower instruction memory demands, which is useful for small computer systems and handheld devices. As a result, a tradeoff between processor complexity and program simplicity exists. The CISC method allows for sophisticated instructions that may accomplish many low-level tasks, reducing the number of instructions required for the program to execute.
To know more about complex instruction set computer refer to:
https://brainly.com/question/28995189
#SPJ11
Dongguk Industry, adopting Perpetual Inventory recording system, recorded two inventory layers by the end of June 30- 1 100 units x unit cost $20 (purchased on June 25) 80 units x unit cost $22 Dongguk Industry physically counted to identify 175 units and Net Realiable Value is valued at $19 per unit. If the company uses FIFO cost flow assumption, what are the inventory shrinkage loss and inventory valuation loss? a. Inventory shrinkage loss: $100. b. Inventory shrinkage loss: $95. c. Inventory shrinkage loss: $105. d. Inventory shrinkage loss: $110. Inventory valuation loss: $335 Inventory valuation loss: $340 Inventory valuation loss: $330 Inventory valuation loss: $325 vetem?
The inventory shrinkage loss can be calculated by multiplying the cost of the missing units ($20) by the number of missing units (5):
$20 * 5 = $100. The correct answer is option (a)
To calculate the inventory shrinkage loss, we need to determine the value of the missing units using the FIFO (First-In-First-Out) cost flow assumption.
According to the information provided, Dongguk Industry recorded two inventory layers by the end of June 30th:
100 units purchased on June 25th at a unit cost of $20.
80 units purchased at an unknown date with a unit cost of $22.
The physical count revealed only 175 units, which means that 5 units are missing (100 + 80 - 175 = 5).
Using the FIFO method, the cost of the missing units would be based on the earliest purchased units, which were the 100 units purchased on June 25th at a unit cost of $20. Therefore, the cost of the missing units is $20 per unit.
The inventory shrinkage loss can be calculated:
$20 * 5 = $100
Therefore, the correct answer is option (a) Inventory shrinkage loss: $100.
To know more about inventory shrinkage loss, here
brainly.com/question/28810602
#SPJ4
--The complete question is, Dongguk Industry, adopting Perpetual Inventory recording system, recorded two inventory layers by the end of June 30- 1 100 units x unit cost $20 (purchased on June 25) 80 units x unit cost $22 Dongguk Industry physically counted to identify 175 units and Net Realiable Value is valued at $19 per unit. If the company uses FIFO cost flow assumption, what are the inventory shrinkage loss ?
a. Inventory shrinkage loss: $100.
b. Inventory shrinkage loss: $95.
c. Inventory shrinkage loss: $105.
d. Inventory shrinkage loss: $110.--
ten years ago, you put $150,000 into an interest-earning account. today it is worth $275,000. what is the effective annual interest earned on the account? group of answer choices
To calculate the effective annual interest earned on the account, we need to consider the initial investment and the final value after ten years. The initial investment was $150,000, and the current value is $275,000. The difference between the final value and the initial investment is $275,000 - $150,000 = $125,000.
To determine the effective annual interest, we need to divide the difference by the initial investment and then express it as a percentage. So, the effective annual interest earned can be calculated as ($125,000 / $150,000) * 100% = 83.33%. Therefore, the effective annual interest earned on the account over the ten-year period is 83.33%. This represents the average annual growth rate of the investment, taking into account compounding and the increase in value from the initial investment to the final value.
Learn more about effective annual interest here: brainly.com/question/28485951
#SPJ11
5 Second-price sealed bid auction There are 2 bidders, labeled i = 1,2. Bidder i has a valuation for the good-this means that, if bidder i gets the good and pays the price p, then i's payoff is vi - p. The two bidder's valuations are independently and uniformly distributed on [0,1]. Bids are constrained to be nonnegative. The bidders simultaneously submit their bids. The higher bidder wins the good and pays the price submitted by the losing bidder (the second highest price); the other bidder gets and pays nothing In case of a tie, the winner is determined by a flip of a fair coin. The bidders want to maximize expected payoffs. (a) Determine all strategies that are weakly dominated. (b) Find a Bayesian Nash equilibrium in strategies that are not wenkly dominated.
(a) Bidding the true valuation (Strategy 1) is not weakly dominated, while bidding below the true valuation (Strategy 2) is weakly dominated.
(b) As the bidding process is simultaneous, there is no advantage in deviating from this strategy. Thus, the Bayesian Nash equilibrium is for both bidders to bid their true valuation in the second-price sealed bid auction.
(a) To determine the strategies that are weakly dominated, we need to identify strategies that are always worse than another strategy, regardless of the actions taken by other players.
In the second-price sealed bid auction, the bidders want to maximize their expected payoffs. In this case, there are two possible strategies for each bidder: bidding their true valuation or bidding below their true valuation.
Let's consider the strategies for bidder i:
Strategy 1: Bidder i bids their true valuation (vi).
Strategy 2: Bidder i bids below their true valuation (bi < vi).
Now, let's analyze the possible outcomes for each strategy:
Strategy 1: If bidder i bids their true valuation (vi), their payoff will be vi - p, where p is the price paid. This strategy ensures that if bidder i wins, they receive the good at a price equal to their valuation. If they lose, their payoff is zero. This strategy is not weakly dominated because it maximizes the expected payoff.Strategy 2: If bidder i bids below their true valuation (bi < vi), there are two possibilities: (i) bidder i wins with a bid lower than their valuation or (ii) bidder i loses. In both cases, their payoff will be vi - p, where p is the price paid. However, by bidding below their true valuation, bidder i reduces their chance of winning.Therefore, Strategy 2 is weakly dominated by Strategy 1.
(b) To find a Bayesian Nash equilibrium in strategies that are not weakly dominated, we consider the strategy where each bidder bids their true valuation (vi) as the equilibrium strategy.
In this case, both bidders know that bidding their true valuation will maximize their expected payoff. Bidding below their true valuation would only reduce their chance of winning without any advantage in terms of payoff. Therefore, bidding the true valuation is the optimal strategy for both bidders.
To know more about bidding, visit https://brainly.com/question/29218153
#SPJ11
The internal rate of return method assumes that all cash inflows can be immediately reinvested in new projects at the A. Cost of the corporation's common stock. B. Hurdle rate. M C. Internal rate of returm D. Cost of the corporation's long-term debt
The internal rate of return method assumes that all cash inflows can be immediately reinvested at the internal rate of return.
The internal rate of return (IRR) method is a capital budgeting technique used to evaluate the profitability of an investment project. It calculates the discount rate at which the net present value (NPV) of the project becomes zero.
In the context of the IRR method, the assumption is made that all cash inflows generated by the project can be immediately reinvested at the calculated internal rate of return.
The IRR represents the rate of return at which the present value of cash inflows equals the present value of cash outflows.
It is a measure of the project's profitability and is often compared to a predetermined hurdle rate or the cost of capital to determine the feasibility of the investment. If the IRR is greater than the hurdle rate or the cost of capital, the project is considered financially viable.
The assumption that all cash inflows can be immediately reinvested at the IRR is based on the concept of opportunity cost.
It assumes that the cash generated by the project can be reinvested in other projects or investment opportunities that yield a return equal to the IRR. This assumption allows for a more accurate assessment of the project's profitability over its lifetime.
To know more about investments click here
brainly.com/question/15353704
#SPJ11
At year end the perpetual records of Greta Co. showed a balance of $98,000 in the Merchandise Inventory account. The company did a year end inventory count and the actual inventory on hand was, $96,500. Please show the adjusting journal entry required. Account Name Debit Credit 2) Greta runs a perpetual system for inventory costs. At year end, it is estimated that 3% of total Sales, $535,000, will be the amount of Sales that will be returned during the next year. This will bring back an estimated $9,550 of Inventory. Please show the appropriate 2 Adjusting Entries needed. Account Name Debit Credit 2 a) b) c) Which of these Adjusting Entries would be done if Greta Co. was instead running a periodic intentory system? d) Where in the Financial Statements would the other Adjusting Entry amount be shown? Ex 6 When using a perpetual inventory system, how many closing entries does a merchandising company have, and describe these.
1. Adjusting Entry for Merchandise Inventory: Debit Merchandise Inventory by $1,500 and credit Cost of Goods Sold by $1,500.
2.Adjusting entries for estimated sales returns involve debiting Estimated Sales Returns and Allowances and crediting Allowance for Sales Returns and Allowances, and debiting Allowance for Sales Returns and Allowances and crediting Merchandise Inventory.
How to adjust entries for estimated sales returns?1) Adjusting Journal Entry for Merchandise Inventory:
Account Name Debit Credit
Merchandise Inventory $1,500
Cost of Goods Sold $1,500
2) Adjusting Entries for Estimated Sales Returns:
a) Estimated Sales Returns and Allowances $16,050
Allowance for Sales Returns and Allowances $16,050
b) Allowance for Sales Returns and Allowances $9,550
Merchandise Inventory $9,550
c) No adjusting entry is required for a periodic inventory system.
d) The amount of the adjusting entry for estimated sales returns and allowances would be shown as a contra account (reduction) to Accounts Receivable on the balance sheet.
Learn more about Merchandise Inventory
brainly.com/question/31850074
#SPJ11
A A Aa A E E AL Normal Number List LL No Spacing A A 、出 Paragraph Fy Styles the Office Mobile App Get started 1112131415161718-19-1 10 11 1 12 1 13 1 14 15 Question 5 [There are 100 workers in Pakistan, and each worker can produce either 10 shirts or 2 hats. There are 200 workers in the Bangladesh, and each can produce 4 shirts or 10 hats.] a. [Draw the Production Possibility Curves (PPC) for each country. What is the opportunity cost of shirts in Pakistan? What is the opportunity cost of shirts in Bangladesh? Which country has a comparative advantage in the production of shirts? (5 marks).] b. [In the absence of trade, if Pakistan consumes 600 shirts, how many hats can it consume? In the absence of trade, if Bangladesh consumes 500 hats, how many shirts can it consume? (2 marks)] c. [Someone now proposes that Bangladesh and Pakistan enter into a trade agreement. Under this agreement, the Bangladesh will give Pakistan 500 hats and Pakistan will give Bangladesh 200 shirts. If Pakistan continues to consume 600 shirts, how many hats will it be able to consume under this proposal? If Bangladesh continues to consume 500 hats, how many shirts will it be able to consume under this proposal? Should Pakistan accept this proposal? Should Bangladesh accept this proposal? (3 marks)] Answer 三 Heading 1 Headi
Production Possibility Curves (PPC) for each country:In Pakistan, a worker can produce 10 shirts or 2 hats. So, if all the workers are producing shirts, they can produce 1000 shirts (10 shirts per worker × 100 workers).
On the other hand, if all the workers are producing hats, they can produce 200 hats (2 hats per worker × 100 workers).The opportunity cost of shirts in Pakistan: It is the number of hats that have to be sacrificed in order to produce an extra shirt. In Pakistan, the opportunity cost of a shirt is 2. It means that for every additional shirt produced, 2 fewer hats will be produced. Opportunity cost of shirts in Bangladesh: In Bangladesh, a worker can produce 4 shirts or 10 hats.
So, if all the workers are producing shirts, they can produce 800 shirts (4 shirts per worker × 200 workers). And if all the workers are producing hats, they can produce 2000 hats (10 hats per worker × 200 workers).The opportunity cost of a shirt in Bangladesh is 2.5 (2000/800). It means that for every additional shirt produced, 2.5 fewer hats will be produced. So, Bangladesh has a comparative advantage in the production of shirts.b. In the absence of trade:Pakistan can produce either 10 shirts or 2 hats per worker.
To know more about Production visit:
https://brainly.com/question/30333196
#SPJ11
On 1/12/2021, Dinamo Insurance Limited entered into an insurance contract with a customer who paid the annual premium of $60,000 on that date. State the dollar amount Dinamo Insurance Ltd would report
On 1/12/2021, Dinamo Insurance Limited entered into an insurance contract with a customer who paid the annual premium of $60,000 on that date. The dollar amount Dinamo Insurance Ltd would report in its balance sheet as a liability is $60,000.
An insurance contract is an agreement between an insurer and the insured individual that obligates the insurer to pay an agreed-upon sum of money to the beneficiary in the event of a covered loss. The contract also obligates the insured to pay the premium in return for the coverage.
To know more about insurance contracts visit:
https://brainly.com/question/32115749
#SPJ11