An add-on calculates interest on the original balance and is more costly.
What is Simple Interest?The fee that the borrower must pay the lender for the loan is known as interest. The interest can be either simple or compounded, and it is commonly stated as a percentage. A loan or deposit's principal amount serves as the foundation for simple interest. Simple interest is often a predetermined percentage of the principle amount borrowed or lent paid or received over a specific time period.Simple Interest is calculated using the formula: P×r×n; where P = Principal Amount ; r = Annual Interest Rate ; n = Term of Loan in years.By adding the total principal borrowed and the total interest due to a single number and multiplying that number by the number of years until payback, add-on interest is a way of determining the interest to be paid on a loan.
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True or false: In order to be successful, salespeople should have the knowledge about how to analyze data and situations and use the Internet.
The statement "In order to be successful, salespeople should have the knowledge about how to analyze data and situations and use the Internet." is True. This is further explained below.
What are salespeople?Generally, a person whose duty it is to sell goods or services in a specific area, whether in a physical location or over the phone
In conclusion, It is true that salespeople need to understand how to use the Internet and assess data and circumstances if they want to succeed.
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Can I Plss get some help on this thank you
Answer:
the United state has a comparative advantage in producing coal
gAlex has been the highest performer within his department for the last five years. Vera, the Head of the Division in which Alex works, has decided to promote Alex to reward him for his hard work and dedication to the firm. Vera believes that his technical proficiency will inspire the rest of the team to work harder and become more accurate. Is Vera's reasoning sound
(B) No, human relations skills are just as important as technical expertise.
What is technical expertise?Technical skills are the particular knowledge and competence required in real-world circumstances to complete certain jobs and use specific equipment and programs. From information technology and corporate administration to health care and education, diverse technical abilities are necessary for almost every sector and industry.Technical skills are the particular knowledge and competence required in real-world circumstances to complete certain jobs and use specific equipment and programs. From information technology and corporate administration to health care and education, diverse technical abilities are necessary for almost every sector and industry.What are relations skills?This includes communicating openly, actively listening, cooperating, refusing improper social pressure, constructively negotiating disagreement, and seeking and offering assistance when needed. Relationship skills are essential for personal and professional success.Trust, respect, self-awareness, inclusiveness, and open communication are all required for a healthy professional relationship. Let's take a closer look at each of these traits. You can be open and honest in your ideas and actions when you trust your team members.So, in this instance, Vera is attempting to argue that interpersonal skills are just as vital as technical skills.
Therefore, the correct option is (B) No, human relations skills are just as important as technical expertise.
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Complete question:
Alex has been the highest performer within his department for the last five years. Vera, the Head of the Division in which Alex works, has decided to promote Alex to reward him for his hard work and dedication to the firm. Vera believes that his technical proficiency will inspire the rest of the team to work harder and become more accurate.
Is Vera's reasoning sound? Does Alex's technical proficiency help to ensure his success as a manager?
a. Yes, Alex's high expectations will make him a better manager.
b. No, human relations skills are just as important as technical expertise.
c. Yes, technical proficiency is the key to managerial success.
d. Yes, technical proficiency in a manager is inspirational to teams.
Vera gives Will a $500 check as payment for a debt. Will crudely increases the amount of the check to $5,000 and deposits the check in his First Bank account. Vera is liable for the payment of $5,000 to
Answer:
No one
Explanation:
Vera is liable for the payment of $5,000 to no one.
Repayment of Borrowed Money: Repayment of Debt Many people struggle to repay their debt.
Simply put, if you agree to borrow and repay the money, you are in debt. Common examples include student loans, mortgages, and credit card purchases.
How to repay debt faster:
Pay more than the minimum amount. ... 44 Pay more than once in April. ...Pay off the most expensive loan first. ..Consider a snowball method of paying off your debt. ...Track your invoice and pay in less time. ...Shorten the loan term. ...Consolidate multiple debts.Learn more about debts here:https://brainly.com/question/25035804
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A trademark becomes ________ when, through the owner's actions or another's inappropriate use, the mark becomes synonymous in the consumers' mind with the name of the goods or services. Group of answer choices copied distinctive infringed generic substituted
The trademark will become generic.
A generic trademark, also known as a genericized trademark or proprietary eponym, is a trademark or brand name that has become the generic word for, or synonymous to, a wide class of products or the services, frequently against the trademark's owner's wishes.
Generic words are never eligible for trademark protection. They are phrases or symbols that convey the sort of goods or service being provided. The names "email" and "modem" are both generic. Similarly, "cereal" is a grass whose edible component is utilized for breakfast.
Generic terms cannot be registered under trademark law, and the proprietor is not protected.
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The CEO of a multinational company finds that profits are drastically decreasing. He realizes that employees need to be immediately made aware of the challenges faces the company, and he wants them to know he is personally concerned. The company has several branches in various parts of the world. What is the most appropriate media for the CEO to use
The CEO should use videoconference. In general, one should deliver straightforward and routine communications through less rich media and challenging and unique messages through richer media.
What are the advantages of Media in Business?Helps in getting more awareness about the business to the employees, clients and public.Cheap way of communicationWith the advent of social media, advertisements can be made easy and convenientlyPeople can compare different productsFirms can maintain coordination of its employeesRecruit new hireTo conduct market research and ask for reviewsIt provides great exposureIt provides a powerful marketing platform for freeIt facilitates online discussions and meeting via videoconferencing, voice calls, etc. Helps to reach a larger audience and inform a common thing.You can learn more about Multinational Corporations here:
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Milton friedman believed that free market capitalism was the ultimate expression of individual liberty, and he has found a receptive audience ever since. Identify the libertarian conservative ideals that grew increasingly prominent in the 1950s.
The libertarian ideals Friedman advocated for in ‘Capitalism and Freedom’ include a free market, a free-floating exchange rate, a uniform flat tax, ending the mandatory licensing of physicians, and the introduction of a system of vouchers for school education. Friedman argues for economic freedom as a precondition for political freedom.
The smashed tomato and the violent red splatter on the wall are a clear indication of anger and opposition to school integration.
Although it was a nationwide phenomenon, 1950s suburbanization gathered its greatest momentum in the West. Although Americans in the 1950s grew more intensely religious, fewer than ever were affiliated with religious institutions.
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On August 22, 20X1, an employee of Bell Company mistakenly debited the Truck Expense account rather than the Repair Expense account when recording a bill of $775 for repairs. The error was discovered on October 1. Prepare a general journal entry to correct the error.
The general journal entry to correct the error will be :
Repair expense Account ....dr. $775
To Truck expense Account $775
The entry to correct the error is called rectification entry.
In the given question the employee debited the Truck Expense account instead of the Repair Expense account when recording a bill of $775 for repairs.
Therefore, to rectify this mistake we will credit the Truck Expense account to cancel the wrong debit. And debit the Repair Expense account as it should be debited in the first place.
Since this error was discovered on October 1. The correct entry will be passed on this date only.
Hence. the rectification entry becomes:
Repair expense Account ....dr. $775
To Truck expense Account $775
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Volatility or Blank______ increases for equity holders when leverage increases. Multiple choice question. inevitability certainty yield-to-maturity
The factors that increase for equity holders when the amount of leverage increases is d. risk.
What does an increase in leverage lead to?When there is an increase in the leverage that a company holds, the worry that the company will not be able to pay off the debt also increases.
This leads to more risk and volatility in company stock which would be felt by equity holders.
Remaining part of question:
a. inevitability.
b. certainty.
c. yield-to-maturity
d. risk.
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Which speaker is most likely to make high-risk investments?
Speaker A: I want to invest in
lot of different companies. You never know
when a company is going to have a surprisingly good or bad year.
Speaker B: I invest to get as much money as I can as quickly as I can. I'm not
worried about losing money at all.
Speaker C: I'm nearing retirement, so I need to make sure my investments are
safe. The worst thing that could happen would be losing all of my investments
right before I need them.
Speaker D: I'm concerned that investment is always risky. I prefer to hold onto
my money instead of investing it in companies or banks.
• A. Speaker B
• B. Speaker D
• c. Speaker C
• D. Speaker A
Jose is CEO of a small tech start-up. He uses the power of his position to help his employees grow and succeed. Jose is using ________ power. Group of answer choices personalized affiliated intrinsic socialized
Jose uses the power of his position to help his employees grow and succeed. Jose is using socialized power.
What is Socialised Power? Effective leadership is frequently linked to socialized power demand. Instead of just advancing the position and wealth of the leader, these leaders use their influence in ways that are socially beneficial to others and the organization. They crave power because it is only with the power that things can be done.People are the wellspring of social power. Society derives its force from people's aspirations, vigor, and capacities. Individual power becomes societal power when it is organized and directed through a system.Power is necessary to effect change. Changes can be achieved when there is no power, but it will take a lot of fight and effort to make even a small difference.
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A business owner makes 50 items a day. He spends 8 hours in producing those items. If hired elsewhere he could have earned $10 an hour. The item sells for $10 each. Production occurs seven days a week. If the total costs are $10,000 a month, the accounting profit for the month equals:
Accounting profits for the month = $4,000.
What is production?In order to create anything for consumption, several material and immaterial inputs are combined during the production process.It is the process of producing output, a good or service that has value and enhances people's usefulness.What are profits?The difference between an economic entity's revenue from its outputs and the opportunity costs of its inputs is what is known as a profit. It is equivalent to total income less total expenses, which includes both direct and indirect expenses.Solution -Production happens 7 days a week.
Let,s tale 28 days in a month (4 weeks in a month)
50 items are produced every day and each costs $10.
50 × 10 = $500 (Daily sale)
Monthly sale = 500 × 28 = $14,000 (Monthly revenue)
Cost of production per month = $10,000.
Profit = 14,000 - 10,000 = $4,000.
Therefore, accounting profits for the month = $4,000.
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The following information relates to the manufacturing operations of the Abbra Publishing Company for the year: Beginning Ending Raw materials inventory $ 547,000 $ 610,000 The raw materials used in manufacturing during the year totaled $1,018,000. Raw materials purchased during the year amount to:
Raw materials purchased during the year amount to: $1,081,000
Giving the following information:
Beginning Ending Raw materials inventory$547,000 $610,000
The raw materials used in manufacturing during the year totaled $1,018,000
To calculate the direct material purchased, we need to use the following formula:
Beginning Raw Materials + Purchases – Ending Raw Materials = Raw Materials Used
$547,000 + Purchases – $610,000 = $1,018,000;
Purchases = $1,018,000 + $610,000 – $547,000 = $1,081,000
What is the Cost of Raw Materials Purchased?
Purchases of raw materials, consumables and services are purchases of all commodities used as inputs in the production process and of services related to the supply of factors of production, such as renting property or equipment, leasing, temporary staff, and, in general, all outside services purchased for own use.
The cost of raw materials purchased can therefore be calculated as follows: Raw Materials Purchased = (Ending Inventory – Beginning Inventory) + Cost of Goods Sold. A direct material purchases budget determines the quantity of material purchased within a production period.
Your question is incomplete, but most probably your full question was:
The following information relates to the manufacturing operations of the Abbra Publishing Company for the year:
Beginning Ending Raw materials inventory $547,000 $610,000.The raw materials used in manufacturing during the year totaled $1,018,000. Raw materials purchased during the year amount to:
A. $955,000.
B. $892,000.
C. $1,565,000.
D. $408,000.
E. $1,081,000.
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What is the nominal interest rate when the real interest rate is 3.5% and the inflation rate is 5.4%
Answer:
3.15
Explanation:
because the inflation will lift up the interest rate so the deduction will be big through multiple times of people
Helping a new employee learn the ropes of the organization and fit easily into the new job is known as ______.
Helping a new employee learn the ropes of the organization and fit easily into the new job is known aa orientation in human resource development .
Human resource developmentHuman resource development (HRD) is defined as the cultivation of an organization's employees. It entails providing workers with skills and relevant knowledge that may help them to grow in the workplace. That makes human resource development an integral part of human resource management.
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Kate contracts Ofc Depot Inc. to install air conditioning units for each office in her company. Kate wanted the work to be done in two days, but Ofc Depot took three days to complete the work. Which of the following statements is most likely to be true in this scenario? Group of answer choices Kate can sue Ofc Depot for material breach of contract. Kate can refuse payment to Ofc Depot. Both Kate and Ofc Depot must consult a neutral third party to resolve their contractual dispute. Ofc Depot is entitled to full recovery under the contract. Ofc Depot is entitled to a partial recovery under the contract.
The answer is, Ofc Depot is entitled to a partial recovery under the contract.
What is the meaning of immediate recovery?The most frequent type of recovery, immediate or short-term, happens shortly after an exercise session or other activity. Low-intensity activity after working out and during the cool-down period is part of short-term healing.What is short term recovery?Response and short-term healing occur simultaneously and are overlapping. It entails undertaking tasks including restoring interrupted utility and other necessary services, reopening transportation routes, and offering food and shelter to individuals who were displaced by the catastrophe.What are the 5 stages of recovery?Precontemplation, contemplation, preparation, action, and maintenance are the five stages of addiction treatment.
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HUD, Co. had a beginning retained earnings of $29,825. For the year, the company had net income of $6,540 and paid dividends of $2,550. The company also issued $4,450 in new stock during the year. What is the ending retained earnings balance
Answer:
$38,265
Explanation:
Beg RE = $29,825
Plus Net Income = $6,540
Minus Dividends = ($2550)
Plus New Stock = $4450
Ending RE = $38,265
According to the tort doctrine of ________, any time an employee is liable for tortious acts in the scope of employment, the employer is also liable. Group of answer choices nolo contendere respondeat superior promissory estoppel novation frolic and detour
According to the tort doctrine of respondeat superior , any time an employee is liable for tortious acts in the scope of employment,
What is tortious acts?Tortious acts is an act that occur when a person is harm as a result of another action which inturn lead to legal liability for the person who committed the act.
Hence, Respondeat superior stated that an when an employee is liable for committing tortious acts the employer is as well liable for the same act.
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Which should be included in a firm's business model?
A firm's expected revenues and expenses are what should be included in a firm's business model.
What is a business model?A business model is document that contains processes and procedures of how a company would operate.
This document is important for effective organization control and also assist coordinate business relationships amongst stakeholders
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The fact that a few improvements in a few key areas of operations will have more impact than many improvements in many other areas is consistent with the
The concept of Pareto phenomenon is observed where a few improvements in a few key areas of operations have more impact than many improvements in many other areas.
What is a Pareto phenomenon?The principle states that for many outcomes like roughly 80% of consequences come from 20% of the causes.
Hence, this concept is observed where a few improvements in a few key areas of operations have more impact than many improvements in many other areas.
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A company should select the capital structure that Blank______. Multiple choice question. results in the lowest taxes maximizes the company's value has the lowest leverage results in the lowest debt
A company should select the capital structure that maximizes the company's value.
A company's capital structure refers to its decisions regarding the upkeep of financing.
Company size and maturity determines capital structure. The capital used for financing a business is referred to as its capital structure. Shareholder's equity, debt, and preferred stock are all included in the balance sheet that is finally drawn up under the capital structure of a company. Capital structure enumerates the funds that help the company operate, hence its importance for the company. To maximize the company's value it becomes increasingly important for the company to select an ideal capital structure.Therefore, a company should select the capital structure that maximizes the company's value.
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I got this question on my quiz a few weeks ago and was wondering if anyone could explain the best/correct answer.
I'm currently leaning towards the last option, but I'm not sure.
Answer:
Easy it's B, this is because the rate at which we earn interest with only 1000$ does not keep up with the maintenance fee.
In B u get $1010 because of the interest after the first year,
In D u get $960 because if u get an annual interest of 2% from $1000 u get a total of $1020 but deduction from maintenance fee is $60 per year, Thus $1020-$60 = $960. Same explaination for the others as well.
Luxury motors introduced a new car to its already popular sedan line. The new car sold very well in its first year, so the company was surprised to find that its overall sales volume remained about the same as did its market share. What is the likely reason for this
The new car's cannibalization of the company's existing product range occurred is the likely reason for this.
What is meant by car's cannibalization?To take out salvageable parts from something, as a broken machine in order to put something else together or fix it. To include a part taken from one thing into the building, repairing, or making of another object.
One of the most well-known examples of product cannibalization is Coca-Cola. Coca-Cola offers a number of products that compete for the same customers, from cherry coke and vanilla coke to coke zero. This phenomenon reduces market share and revenue for each party involved.
Although the introduction of a new product line will inevitably lead to product cannibalization.
Thus, The new car's cannibalization of the company's existing product range occurred.
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The trend of the world economy toward becoming a more interdependent system is known as:.
Globalization.
Globalization is the trend of the world economy toward becoming a more interdependent system. The shrinking of time and space making it easier for people to communicate is referred to as the global village. The term "global village" refers to the tendency for all cultures to become more alike.
Globalization refers to the process by which technological, economic, political, and cultural exchanges make the world a more interconnected and interdependent place.
Globalization is a term used to describe how trade and technology have made the world into a more connected and interdependent place. Globalization also captures in its scope the economic and social changes that have come about as a result.
Global Interconnectedness refers to the ability to understand and function in an increasingly multicultural, international, yet interconnected environment. It fosters the development of individuals to become successful professionals, civic leaders, and informed citizens in a diverse national and global society.
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On March 1, Job 10 had a beginning balance of $500. During March, direct materials of $800 and direct labor of $300 were added to the job. Overhead is applied to production at a rate of 40% of direct labor. There are four units in Job 10. What is the unit cost? a.$312 b.$492 c.$850 d.$430
430 is the unit cost.
CALCULATE UNIT COST :Beginning work in process 500.
Direct material 800.
Direct labour 300.
Overhead (300*40%) 120.
Total cost of job 1720.
Units 4.
Unit cost 430.
What is direct labor vs indirect labor?Depending on the worker's contribution to the production process, labor expenses are typically divided into direct and indirect labor costs. While work performed on specific commodities or services is considered direct labor, employee activity that cannot be linked to or charged to the provision of goods or services is considered indirect labor.What is direct Labour cost example?The hourly wage of a quality assurance inspector adjusted to incorporate healthcare benefits and short-term disability is one illustration of a direct labor cost. The annual wage of a welder who works on the production line of a business that makes steel parts could serve as another illustration.Learn more about direct Labour here:
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What can an appraiser calculate to determine the reproduction cost when using the square-foot method
An appraiser need to calculate the below points to determine the reproduction cost when using the square-foot method
Find the dimension of the building.Use that dimension to calculate the number of square feet of ground covered by the building.Calculate the cost of a comparable new buildingWho is an appraiser?This refers to a professional that determines the market value of an asset, notably in the real estate industry and he is is expected to act independently of the buying and selling parties in a transaction.
The determination of reproduction cost that means an expense involved with identically reproducing an asset or property with the same materials and specifications as an insured property based on current prices will be calculated by the point given above.
By the use of the given points, the appraiser will use that cost data to create the estimate and if no such comparable data is available, the appraiser should use the basic construction prices from a cost manual.
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which organization issues auditing standards, carries out inspections of public accounting firms auditing us public clients, and imposes sanctions
The Public Company Accounting Oversight Board (PCAOB) issues auditing standards, carries out inspections of public accounting firms auditing public clients, and imposes sanctions.
What are sanctions?Economic sanctions are financial and commercial penalties imposed by one or more nations against a particular self-governing state, group, or person. Economic sanctions may be used for a number of political, military, and social reasons in addition to difficult economic conditions. What is The Public Company Accounting Oversight Board (PCAOB)?The Sarbanes-Oxley Act of 2002 established the Public Company Accounting Oversight Board (PCAOB), a nonprofit organization, to supervise the audits of public companies and other issuers in order to safeguard investor interests and advance the public interest in the creation of informative, accurate, and independent audit reports. In order to protect investors, the PCAOB also controls the audits of broker-dealers, including compliance reports submitted in accordance with federal securities laws. The U.S. Securities and Exchange Commission must approve all PCAOB regulations and standards (SEC).Therefore, the Public Company Accounting Oversight Board (PCAOB) issues auditing standards, carries out inspections of public accounting firms auditing public clients, and imposes sanctions.
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Brother Company uses variable costing. Their direct materials are $8, direct labor is $6 and total overhead is $5 of which $3 is variable. What is Brother Company's total unit cost
If Brother Company uses variable costing. Brother Company's total unit cost is $17.
Total unit costUsing this formula
Total unit cos=Direct materials+Direct labor+ Variable
Let plug in the formula
Total unit cost=$8+$6+$3
Total unit cost=$17
Therefore If Brother Company uses variable costing. Brother Company's total unit cost is $17.
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What can a plaintiff file essentially telling potential buyers that the property is subject to a judgment of a pending lawsuit by putting a cloud on the title
A plaintiff file essentially telling potential buyers that the property is subject to a judgment of a pending lawsuit by putting a cloud on the title when a lis pendens.
What is lis pendens?It should be noted that lis pendens implies the rule of law that define the operation of the common law on how a suit can be changed.
In this case, a plaintiff file essentially telling potential buyers that the property is subject to a judgment of a pending lawsuit by putting a cloud on the title when a lis pendens.
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Goods or services that are provided by the government because they are not supplied or insufficiently supplied by the market are known as
The good produced by the government because it is inefficiently supplied by the market is known as a public good.
What is a public good?
A public good is a good that is non excludable and non-rivalrous. Public goods are usually produced by the government because they are too expensive to be produced by the market or because the market produces them inefficiently.
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