Consider the following bet: heads I pay you a dollar, tails you pay me a dollar. What is the expected payoff (return) of this bet? (Assume a fair coin.)

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Answer 1

Expected Payoff = Probability of Heads * Payoff to you + Probability of Tails * Payoff

Expected Payoff to you = 50% * $2 + 50% * -$1 = $1 + (-$0.5) = $0.50.

$0.50 is the expected payoff (return) of this bet.

Expected value is a measure of what you can expect in the long run for each game. The game payment is the expected value of the game minus the cost. If you play the game repeatedly and get an average of about $ 2.20, and it costs only $ 2 to play, the expected payment is $ 0.20 per game.

To calculate the expected payoff, you need to multiply each result by an estimate of its probability and then sum the products. In this example, there is a 10% chance of a 5% drop with a -0.5% result.

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Related Questions

The use of government taxes and spending to alter macroeconomic outcomes is known as.

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Fiscal policy.

The use of government taxes and spending to alter economic outcomes is known as Fiscal policy. Payments to individuals for which no current goods or services are exchanged are known as Income transfers.

When the government decreases taxes, disposable income increases. That translates to higher demand (spending) and increased production (GDP). So, the fiscal policy prescription for a sluggish economy and high unemployment is lower taxes. Spending policy is the mirror image of tax policy.

Fiscal policy refers to the use of the government budget to affect the economy. This includes government spending and levied taxes. The policy is said to be expansionary when the government spends more on budget items such as infrastructure or when taxes are lowered.

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Mike is an avid musician who opened a new music store called MP3s a few years ago. Since then Mike has become much more knowledgeable about the business and has decided to launch his own record label in order to have more control over the music that he sells in his stores. This is an example of what? Group of answer choices Administered channel Mass Merchandising Backward vertical integration Contractual channel Forward vertical integration

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Mike, a dedicated musician, has launched a brand-new music store called MP3s. Mike has since gained a great deal of business expertise and made the decision to start his own record label in order to have more control over the music that he sells in his stores. Backward vertical integration is demonstrated in this situation.

Buying a company functioning earlier in the supply chain is known as "backward vertical integration." For example, a retailer would purchase a wholesaler, or a brewer might purchase a hop farm. Another excellent instance was Apple Inc. purchasing Dialog, a chip supplier, in 2018.Vertical Integration: Understanding. A good illustration of vertical integration is Netflix, Inc. Before expanding into online streaming of films and films licensed from big studios, the company began as a DVD rental company.

What is backward and forward vertical integration?Integrating with upstream businesses is a form of backward integration (such as suppliers and producers). Merging with downstream businesses is forward integration (such as distributors or retailers).

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Which of the following groups of accounts have a normal debit balance? a.Liabilities and capital b.Capital and assets c.Assets and expenses d.Revenues, liabilities, and capital

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Assets and expenses generally have the normal debit balance.

A debit balance is an account balance with a positive amount on the account's left side. Assets, costs, and losses are examples of accounts that often contain a debit balance.

Natural debit balances exist for assets and expenses. This implies that positive asset and cost values are debited and negative balances are credited. For example, if $2,000 cash is received, a journal entry will include a $2,000 debit to the cash account on the balance sheet, because cash is growing.

Therefore, the answer is c. Asset and expenses.

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HELP PLEASE! Draw a Phillips Curve

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The following attached image is indicative of a Phillips Curve. See the definition of a Phillips Curve below.

What is a Phillips Curve?

In the parlance of economics, a Philips curve is the name given to a graph that depicts the relationship between:

Inflation; andUnemployment.

The Y-axis holds and depicts the inflation rate while:

The X-axis depicts the rate of unemployment.

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Suppose a stock had an initial price of $74 per share, paid a dividend of $1.65 per share during the year, and had an ending share price of $83. Compute the percentage total return. (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)

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Dividend yield, capital gains yield, and total return as a percentage are, 1.98 percent, 12.16 percent, and - -8.9 percent respectively.

The computations are shown below:

1. For total return:

= {(Ending share price - initial price) + Dividend} ÷ (Initial price) × 100

= {($74 - $83) + $1.65} ÷ ($83) × 100

= - $6.80 ÷ $82 × 100

= - 8.9%

2. Dividend yield:

= (Dividend) ÷ (Initial price) × 100

= $1.65 ÷ $83 × 100

= 1.98%

3. For capital gain yield:

= (Ending share price - initial price) ÷ (Initial price) × 100

= ($83 - $74) ÷ ($74) × 100

= $9 ÷ $82 × 100

= 12.16%

What is Annual Dividend?

An annual dividend is a payment made by an insurance firm to its policyholders each year in the insurance sector. Annual dividends are most frequently given out in combination with plans that provide long-term disability insurance and permanent life insurance.

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Suppose the elasticity of demand for cereal is 1. If cereal increases in price by 25 percent, the percentage decrease in quantity demanded will be

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Suppose the elasticity of demand for cereal is 1. If cereal increases in price by 25 percent, the percentage decrease in quantity demanded will be 25%.

What is the elasticity of demand?The quantity sought for a good is measured according to its price elasticity of demand. Almost all goods see a decrease in quantity demanded when prices rise, however certain goods experience this decrease more than others. When a price increases by 1% while all other factors remain constant, the price elasticity provides the percentage change in the quantity required. If the elasticity is 2, a 1% increase in price results in a 2% decrease in the amount demanded. Other elasticities gauge how changes in other factors affect the quantity needed For example - the income elasticity of demand for consumer income changes.

Suppose the elasticity of demand for cereal is 1. If cereal increases in price by 25 percent, the percentage decrease in quantity demanded will also be 25%.

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What is the monthly payment needed to repay a $50000 loan in ten years, if the bank charges 0.8 percent per month

Answers

Answer:

man I don't got that type of money

Explanation:

im broke

_____ provides new employees with information about company policies, salary and benefits, and parking. It also includes work rules and performance expectations. Group of answer choices Job guidance An employment lecture Employee instruction Orientation Simulation

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The answer is employee orientation.

Employee orientation is the process of acquainting newly hired staff with their new environment. It offers employees with the fundamental organizational knowledge they need to feel prepared for their new team, department, and job within the firm. Employee orientation that is effective informs workers of corporate standards and expectations, handles any paperwork, and addresses any questions or concerns they may have before starting their new jobs.

Both new workers and their new bosses and colleagues benefit from a smooth transition into a new job. A new employee can begin being productive soon if expectations and obligations are properly communicated to them. A thorough and engaging orientation, as part of an efficient onboarding process, may also assist decrease new employee attrition owing to misinterpreted or unmet expectations. A clear employee orientation policy will also guarantee that all new team members receive the same training and information.

Therefore, the correct option is employee orientation.

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An increase in education and training for the workforce would Group of answer choices increase Gross Domestic Product but not the aggregate production function. increase the aggregate production function. have no impact on the aggregate production function.

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When there is an increase in education and training of the workforce then it leads to a rise in production function in aggregate.

Option B is the correct answer.

What is the workforce?

The workforce is referred to the individuals who are being employed in an occupation. It is also known as the labor force or workers or employees.

When the workforce is educated and provided training in the respective areas of their interest fields, then it develops their personality and makes them skilled workers. This results in increasing the production in aggregate for the company in which they are working.

Therefore, the production function aggregately rises due to the increase in the education and training of the workers.

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Complying with the rules of limited liability allows limited partners to have liability: Group of answer choices for the full amount of partnership debts. only for the amount of their contribution. for the negligent acts of the general partner. for twice the amount of their contribution.

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Complying with the rules of limited liability allows limited partners to have liability : only for the amount of their contribution.

What is Limited Liability Partnership?

LLP stands for Limited Liability Partnership. It is an alternative corporate business form that offers the benefits of limited liability to the partners at low compliance costs. It also allows the partners to organize their internal structure like a traditional partnership. A limited liability partnership is a legal body, liable for the full extent of its assets. The liability of the partners, however, is limited. Hence, LLP is a hybrid between a company and a partnership. It is not the same as limited liability company LLC.

Just like a corporation or a company, it is a separate legal body. Further, it is completely liable for its assets. Also, the liability of the partners has certain limitations in their contribution to the LLP. Hence, the creditors of the LLP are not the creditors of individual partners.

Therefore, The Limited partners are only responsible for the amount of their contribution when they abide by the limitations on liability.

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The demand curve of a monopolistically competitive firm A) is horizontal because the firm must cut its price to sell more. B) is perfectly elastic.

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The demand curve of a monopolistically competitive firm A) is horizontal because the firm must cut its price to sell more.

The demand curve of a firm that is perfectly competitive is horizontal at the market price. As a result, every unit sold will result in it receiving the same price. The difference in total revenue from selling one more unit at the constant market price is the marginal revenue that the company receives.A monopolistically competitive firm's perceived demand curve slopes downward, indicating that it sets prices and selects a mix of quantity and price.

Why is the demand curve in monopolistic competition more elastic than a monopoly?

Firm's demand curve under monopolistic competition is more elastic than under monopoly because of availability of close substitutes under monopolistic competition.

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Which 3 activities are accessible from the get paid & pay tab when using business view?.

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The 3 activities that are accessible from the get paid & pay tab when using business view are: Vendors, Sales, Time.

What is QuickBooks?

QuickBooks can be defined as an accounting software that enable a business owner, accountant or account officer to track a company sales including their day to day transactions.

When a business owner is making use of business view on QuickBooks the activities that is accessible from the get paid & pay tab includes:

Vendors tabSales tabTime tab

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A business executive feels the need to win in everything he does, from his business deals, to his golf, and even with his romantic partners. The executive's behavior illustrates a(n):

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A business executive feels the need to win in everything he does, from his business deals, to his golf, and even with his romantic partners. The executive's behavior illustrates a(n):need for achievement.

What is need for achievement?

Need for achievement can be defined as the way in which a person is determine to achieve their goals or when a person is always eager to achieve their set goals and objectives.

Hence, the personalities display by the business executives is called need for achievement as the executives feels the need to win in everything he does,.

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If a bond is trading at a premium, what is the relationship between the bond's coupon rate, current yield and yield to maturity?

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Bonds acquired at premiums often have lower yields to maturity than bonds purchased at market rates. This is further explained below.

What is a bond?

Generally, Bonds are financial securities that reflect loans made to the issuer by the bondholders themselves. When it comes to borrowing money, governments (at all levels) and companies (of all sizes) often turn to bonds.

In conclusion, If you buy a bond at a discount, the yield to maturity will be lower than its coupon rate.

Answers

If barriers to entry are high and products are somewhat differentiated, then the (A) economic profit might be sustainable.

What are barriers to entry?In economics, barriers to entry are constraints that make it difficult for a corporation to enter a specific market. They may occur spontaneously as a result of market dynamics, or they may be imposed artificially by enterprises already operating in the market or by the government.What are differentiated products?A company's product is distinguished if it is noticeably distinct from competitors' products. If the product is unique, the manufacturer can argue that it is superior. If the product is superior, the corporation can charge a higher price for it.

Since there are barriers to entry but still the product has a unique image in the market then the economic profit of the firm will be sustainable in the long run.

Therefore, if barriers to entry are high and products are somewhat differentiated, then the (A) economic profit might be sustainable.

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Consumers are more likely to perceive the value of a product to be less than its price tag indicates if the product's _______. a. demand and supply attain the state of price equilibrium b. price is set too high in their minds c. demand is inelastic d. manufacturer gains very little profit from the product

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Consumers are more likely to perceive the value of a product to be less than its price tag indicates if the product's (B) price is set too high in their minds.

Consumers assume that a higher price denotes a higher quality, but they also assume that they will have to make a bigger financial investment to buy the product. As a result, perceived value is the result of the trade-off between perceived quality (i.e., gain) and perceived sacrifice (i.e., loss).Lower costs may help you win the sale if the customer feels like they are receiving a good deal. On the other side, cheap prices could imply that the item is of subpar quality.

What is consumer perception of price?Price perception is influenced by how well people comprehend and interpret price information.One of the customer evaluations used to compare the level of sacrifice required to receive items and services is price perception (Zeithaml,1988).

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The two components of the direct labor flexible budget variance are the direct labor price variance and the direct labor quantity variance. rate variance and the direct labor efficiency variance. rate variance and the direct labor standard variance. efficiency variance and the direct labor standard variance.

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The two components of the direct labour flexible budget variance are the direct labour price variance and the direct labour quantity variance.

What is direct labour flexible budget?

To determine how many work hours will be required to create the items listed in the production budget, the direct labour budget is used. The overall number of hours required will be determined by a more intricate direct labour budget, which will also divide this data down by labour type.

Direct labour price variance - The cost of the discrepancy between the expected and actual labour rates is measured by direct labour rate variance. The variance will be deemed unfavourable if it shows that actual labour rates were higher than anticipated labour rates.

Direct labour quantity variance - The cost of the discrepancy between the anticipated number of labour hours needed for the operations and the actual number of labour hours needed for the operations is known as the direct labour efficiency variance.

The labour quantity variance is calculated as-

The labour price variation is calculated by multiplying the actual hours worked by the actual paid rate, which is then subtracted from the standard budgeted rate.The standard rate is multiplied by the difference between the standard hours budgeted and the actual worked hours budgeted to determine the labour quantity variance.

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An unfavorable labor rate variance is created when: Select one: a. actual labor hours worked exceed standard hours allowed. b. actual hours worked are less than standard hours allowed. c. actual wages paid are less than amounts that should have been paid. d. actual wages paid exceed amounts that should have been paid for the number of hours worked. e. actual units produced exceed budgeted production levels.

Answers

A) Actual labor hours worked exceed standard hours allowed.

What does a negative labor rate variance mean?

An unfavorable variance indicates that the cost of labour was higher than expected, whereas a positive variance shows that the cost of labour was lower than anticipated. The budgets for upcoming periods can be developed using this information, and it can also be used to provide feedback to the staff members in charge of the direct labour component of a company. For instance, the variance can be used to assess how well a firm's negotiators performed while determining the hourly rates to be agreed upon with the company union for the upcoming contract period.

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Essen Inc. bought 80% of the equity capital of Heidleberg Ltd for 3,240MM. The transaction was funded by 90MM of Essen's balance sheet cash, an issuance of 1,710MM worth of Essen debt and the remainder with Essen equity. What is the consolidated long term debt?

Answers

Based on the debt of Essen and that of Heidelberg, the consolidated long-term debt is $9,183.60.

What is the long-term debt of the consolidated entity?

The long-term debt will be the sum of the debt of both Essen and Heidelberg Ltd.

This is therefore:

= Essen bonds + Essen long term debt + Heidelberg long term debt

= 1,170 + 4,593.60 + 2,880

= $9,183.60

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Maddux Corporation has an EBIT of $955,000 per year that is expected to continue in perpetuity. The unlevered cost of equity for the company is 16 percent and the corporate tax rate is 23 percent. The company also has a perpetual bond issue outstanding with a market value of $2.7 million. What is the value of the company

Answers

The value of the company is $5,216,937.5.

What Is EBIT?

EBIT stands for Earnings Before Interest and Taxes and is one of the last subtotals in the income statement before net income. EBIT is also sometimes referred to as operating income and is called this because it’s found by deducting all operating expenses (production and non-production costs) from sales revenue.

The calculation for EBIT is straightforward.

It is the company's EBIT x (1 - Tax rate).

A company's EBIT is calculated in the following way:

EBIT = revenues - operating expenses + non-operating income.

Now, in accordance with the statement :

Net income = EBIT(1 - tax)

Net income = $9,55,000 (1- 0.23)

Net income = $7,35,350

Value of unlevered company = Net income / cost of equity

Value of unlevered company = $7,35,350 / 0.16

Value of unlevered company = $4,595,937.5

Value of the company = $4,595,937.5+ 0.23(2,700,000)

Value of the company = $5,216,937.5 market value of firm

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China, india, and indonesia are expected to be among the world’s seven largest economies by 2050. Economic development in a country can be measured using:.

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China, India, and Indonesia are expected to be among the world’s seven largest economies by 2050. Economic development in a country can be measured using Gross national income.

Gross domestic product plus factor incomes received by overseas residents, less income gained in the domestic economy by nonresidents, is the total domestic and international production claimed by residents of a country. Gross national income, formerly known as gross national product, is the same thing.The definition of gross national income (GNI) is gross domestic product + net foreign receipts from employee remuneration, property income, and net taxes less production subsidies.Its volume rises as a result of the country's rising income. People buy more goods and services as a result, which boosts the economy's wellbeing. The volume of GNI decreases as a result of a negative change in national income.

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What are your options if the career you are interested in has a poor outlook? What are your options if the career you are interested in has a poor outlook ?

Answers

Answer:

Entrepreneur

Explanation:

Being self employed

Answer:

Firstly, a solution would be to pay no mind to other people's opinions. However, it is also important to reconsider your career in the sense that the people around you may be affected.

Explanation:

I couldn't find the right answer, so I made my own and I got 100% so hope this helps.

Why didn't southern tenant farmers benefit from the programs developed by the Agricultural Adjustment Act, the Commodity Credit Corporation, and the Farm Credit Act

Answers

Answer:

Farmers in the South did not own their land, and therefore could not benefit from programs like the Agricultural Adjustment Act, which paid farmers to leave land fallow. The Commodity Credit Corporation was designed to help farmers who were in danger of defaulting on their loans, but southern tenant farmers did not have loans because they did not own their land. The Farm Credit Act was designed to help farmers refinance their loans, but again, southern tenant farmers did not have loans.

Explanation:

Employees that understand how their company operates and competes can make better decisions. Therefore management can create a competitive advantage by

Answers

Employees that are aware of how their business competes and functions will make wiser decisions. Consequently, management can gain a competitive advantage by providing staff with information.

Which five competitive advantages exist?

Five different kinds of competitive advantages

Cost-based benefit. The most obvious method of gaining a competitive edge is this.Benefit from a product or service that is unique.Advantage of being first.a time-based benefit.advantage based on technologyWhat are some illustrations of competitive advantages?

Competitive Advantage Examples

gaining access to natural resources that are off limits to rivalshigh caliber labor.a distinct geographic area.access to innovative or exclusive technologyability to produce goods at the lowest possible cost.brand identification

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Under the _____, employees are required to notify their employers of military service obligations. Select one: a. Labor Management Relations Act b. Vietnam Era Veterans' Readjustment Assistance Act c. Rehabilitation Act d. Uniformed Services Employment and Reemployment Rights Act

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Under the Uniformed Services Employment and Reemployment Rights Act, employees are required to notify their employers of military service obligations.

What is Uniformed Services Employment and Reemployment Rights Act?By defending the benefits and rights to civilian employment for veterans, members of reserve components, and even people who have been called to active duty by the President of the United States to provide Federal Response for National Emergencies, USERRA clarifies and strengthens the Veterans' Reemployment Rights (VRR) Statute.By clarifying the legislation, enhancing enforcement procedures, and extending eligibility for U.S. Department of Labor help in processing claims of noncompliance to Federal Government employees, USERRA also significantly strengthens the protection of service member rights and benefits.

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Use the drop-down menus and your knowledge of prefixes to choose the correct word for each sentence.

I love being outdoors, so a day at the movies is
for me.

Plants that
desirable traits tend to live longer than those that do not.

The situation was unpleasant, and I did not know how to
myself from it.

Answers

The correct prefixes are:

AtypicalExhibitExtricate

What is a Prefix?

This refers to the addition of a word at the beginning in order to change the meaning from the root word.

Hence, we can see that based on the complete question, there is the use of words like "typical", etc and to use the correct prefixes, one would have to change them to the above to make sense.

Answers

The stock sell for today is $9.311.

The present value of the stock is the discounted value of all the future cash flows i.e. the dividends paid ahead in the future.

Next year i.e. Year 1 dividend = $2.78

The dividend will grow by 4% thereafter for the next three years and no dividends paid after that. So there are total of 4 cash flows to be received from the stock as a dividend.

Year 1 dividend (D1) = $2.78

Year 2 dividend (D2) = 2.78*1.04 = 2.8912

Year 3 dividend (D3) = 2.8912*1.04 = 3.006848

Year 4 dividend (D4) = 3.006848*1.04 = 3.12712192

Year 5 dividend = 0 = Year 6 dividend = Year 7 .........

where the required return k = 10%

PV of stock = D1/(1+k) + D2/(1+k)^2 + D3/(1+k)^3 + D4/(1+k)^4 = $9.311.

Therefore, the stock sell for today is $9.311.

What is Dividend ?

Dividends refer to share of profits from a portion of company's earnings which is paid to a class of its shareholders. It can be issued in different forms, such as cash payment, stocks or any other form. An organization's dividend is decided by its board of directors and the shareholders’ approval is required.

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The section in the statement of cash flows for reporting the purchase of equipment for cash is: Multiple Choice This is not reported on the statement of cash flows. Schedule of noncash investing or financing activity. Operating activities. Investing activities. Financing activities.

Answers

The section in the statement of cash flows for reporting the purchase of equipment for cash is Investing activities This is further explained below.

What is Investing activities?

Generally, Buying tangible assets, investing in securities, or selling securities or assets are all examples of investing activity.

In conclusion, Equipment purchases paid for in cash are included in the Investing activities part of the statement of cash flows.

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During the off season, the Rues Hotel offers a 25% discount on its rooms to attract guests. The Rues Hotel is demonstrating the _______. a. power of yield management systems b. relationship between price and quality c. use of price as a promotional tool d. advantage of markup pricing

Answers

During the off season, the Rues Hotel offers a 25% discount on its rooms to attract guests. The Rues Hotel is demonstrating the c. use of price as a promotional tool .

A sales tactic known as promotional pricing involves brands temporarily lowering the price of a good or service in order to draw potential clients and buyers. A brand can artificially raise the value of a good or service by temporarily decreasing the price and fostering a sense of scarcity.Buy one, get one free, seasonal sales promotions, discounts, and flash sales are some of the most popular promotional pricing models. You may also want to take into account multi-buys, loyalty programs, conditional offers, free delivery, or gifts depending on your individual price targets and business strategy.

What is the purpose of promotional pricing?Promotional pricing is a technique for increasing consumer interest in particular goods or services that people or companies offer to the general public. This is accomplished by using a promotional price tag, which entitles a customer to full access to a good or service for less money than it would normally cost.

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When evaluating service quality, _____ refers to the knowledge and courtesy of employees and their ability to convey trust. a. assurance b. heterogeneity c. responsiveness d. tangibility

Answers

An assurance means the knowledge and courtesy of employees and their ability to convey trust.

What is an assurance?

This refers to the set of systematic activities that are intended to ensure that the objectives of a project are fit for purpose.

Hence, in evaluation of service quality, its means the knowledge and courtesy of employees and their ability to convey trust.

Therefore, the Option A is correct.