The idea from chapter 1 of the text does this situation best illustrate Social and political forces sometimes rein in market forces.
Companies are moving their call centers to India because wages in India are lower than those in the US. This tends to lead to higher wages in India and lower wages in the United States. Here, a clear distinction is made between factory workers and owners.
Socialists saw in National Socialism a transitional stage towards pure socialism. The law of demand is known as the first law of purchase. According to the law of demand, all other things being equal, there is an inverse relationship between the quantity demanded and the price of the commodity itself.
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What did the large medical bill of $55,543 cover? What are three examples of health care expenses after surgery for appendicitis?
The large medical bill of $55,543 covered the surgery for appendicitis and the treatments received.
How does health insurance operate?A health insurance plan or policy pays a portion of the costs associated with hospital stays and doctor appointments. It exists to assist with reducing the expenses of medical occurrences, whether they are anticipated or unanticipated.
Depending on your age and income, the insurance provider will decide how much you will pay for your health insurance premium. In order to maintain your health and treat illnesses and accidents, health insurance is necessary. Having health insurance shields you and your family from financial hardships, which is only one of its many advantages.
Three examples of healthcare expenses after the surgery for appendicitis are the surgeon fees, the check-up cost, and the cost of hospital stay.
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if a profit-maximizing monopoly finds that marginal cost is increasing and exceeds marginal revenue, it should:
If the marginal revenue exceeds the marginal cost, then the firm can increase profit by producing one more unit of output.
What is marginal revenue ?
The amount of revenue a company generates for each additional unit sold is calculated using financial and economic principles to produce marginal revenue. A company's marginal revenue frequently varies depending on how many units it has already sold because the price of a good is frequently tied to market supply and demand.
By examining the marginal revenue and marginal costs of producing an additional unit, a monopolist can determine the price and quantity that will maximise its profits. The company can increase profit by producing one more unit of output if the marginal revenue is greater than the marginal cost.
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Foreign-entry modes such as acquisitions and greenfield projects are usually disadvantageous because they require a high level of capital and resource investment but allow for a low level of control True False
False: Foreign-entry options, such as acquisitions and greenfield ventures, are often unfavorable since they call for large investments in cash and resources yet give up a lot of control.
What is Foreign-entry mode?A corporation can grow its services into a quasi market using foreign market entrance options in international trade. Equity and non-equity are the two most common forms of market entrance mechanisms. Contractual agreements and exports are included in the non-equity modalities group.
Exporting, turnkey projects, licensing, franchising, forming a joint venture with a company in the host nation, and creating a subsidiary in the host country are the six distinct ways that a company might enter the overseas market. Exporting is the direct marketing and sale of goods produced domestically in another country. Exporting is a tried-and-true method of accessing other markets.
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positions such as justice of the peace and county tax assessor are important to a functioning democracy. True or False?
Positions such as a justice of the peace and county tax assessor are important to a functioning democracy.
This statement is True.
A tax assessment or valuation is the task of determining the value and sometimes use of property, usually to calculate property taxes. This is usually done by a firm known as an assessor or tax assessor. Governments need to collect taxes to function.
An appraiser is a local government official who assesses the value of real property within municipal boundaries. This value is converted into a tax valuation that is part of the property tax invoice calculation.
A surveyor is an expert in a subject and is specifically called upon to advise a court on that subject. Two judges and his jury of six sentenced White to life in prison.
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The cost of a building includes ______.
maintenance
purchase price
renovation costs
fire Insurance
realtor commissions
The cost of a building includes realtor commissions.
What is realtor commissions?Real estate commission is referred to as a payment made to real estate agents in exchange for their services in representing property purchasers and sellers. This charge often represents a percentage of the final sale price. Although it is not required by law, it is common for the seller to pay the commission. 5 to 6 percent of the sale's value is the average commission rate; some real estate agents additionally charge a service fee, but this is uncommon.
The commission earned will therefore be $50,000 to $60,000 if the house you purchase costs $1,000,000. Nevertheless, it won't precisely go to a single realtor.
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private markets are those like the nyse, where transactions are handled by members of the organization, while public markets are those like the nasdaq, where anyone can make transactions. group of answer choices true false
Private markets are those like the nyse, where transactions are handled by members of the organization, while public markets are those like the nasdaq, where anyone can make transactions.
The statement is False.
What do you mean by private markets?
Investments made in assets not listed on a public exchange or stock market are known as private markets. This might include, for instance, direct lending from investors to borrowers in the absence of a market for trading the debt, or private debt, which refers to investments made in private enterprises.Along with bonds and cash, public equity is regarded as one of the three major asset types. The term "alternative" refers to a class of assets that includes private debt, real estate, infrastructure, and natural resources, in addition to private equity.To know more about Markets here
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who would usually hear an appeal if an employee felt he or she had been inappropriately accused of sexual harassment?
A manager at a higher level not associated with the case would usually hear an appeal if an employee felt they had been inappropriately accused of sexual harassment.
What is an appeal?An appeal can be understood as the process in which cases are reviewed by a higher authority, where parties request a formal change to an official decision. Appeals function both as a process for error correction as well as a process of clarifying and interpreting the law. Although appellate courts have existed for thousands of years, common law countries did not incorporate an affirmative right to appeal into their jurisprudence until the 19th century.
Appellate courts and other systems of error correction have existed for many millennia.
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the kraft heinz company is one of the largest food and beverage companies in the world. the company manufactures more than 200 iconic brands, including capri sun, velveeta, jell-o, planters, ore-ida, oscar mayer, and maxwell house. kraft heinz also owns the lunchables brand. lunchables are prepackaged lunches and snacks that come in a variety of combinations. lunchables, would be considered .
The correct Option is B. The type of co-branding is Ingredient branding.
Ingredient branding is an approach to branding that is based on the association of a product or service with a well-known brand name. It is a type of co-branding that involves a partnership between two or more companies. The brand name of one company is used in combination with the product or service of another company in order to create a strong, recognizable name or logo.
By doing this, ingredient branding helps create an association between the two companies and can be used to increase brand recognition and loyalty. This type of branding is especially effective in the food and beverage industry, where companies often partner together to create unique products that appeal to customers. In the end, ingredient branding helps boost sales and brand loyalty for both companies involved.
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Complete Questions:
The Kraft Heinz Company is the fifth-largest food and beverage company in the world, with 2018 net sales of approximately $26 billion. The company manufactures more than 200 iconic brands including Capri Sun, Velveeta, Jell-O, Planters, Ore-Ida, Oscar Mayer, and Maxwell House. The Kraft Heinz company also owns the Lunchables brand. Lunchables are prepackaged lunches and snacks that come in a variety of combinations without drinks such as turkey and cheddar with crackers, nachos with cheese dip and salsa, and pizza with pepperoni. In addition, Lunchables are available with drinks, with 100 percent juice, in an “Uploaded” version with a drink, chips, and dessert treat, and in a snack version. Lunchables just introduced Lunchables Brunchables breakfast sandwiches. Available in three varieties, the Brunchables feature Oscar Mayer meat and Kraft cheese with flatbread and a blueberry muffin.
The Lunchables Uploaded varieties include Oscar Mayer meats, Kraft cheese, and a Kool-Aid single drink mix pouch—all Kraft Heinz brands. This is an example of which type of co-branding?
A). Subsequent branding
B). Ingredient branding
C). Cooperative branding
D). Complementary branding
total direct materials costs are $124,500, fixed costs are $70,500, and units produced are 15,000. what is the direct materials cost per unit?
The direct materials cost per unit $8.3 per unit.
What is direct materials cost?
The price of direct materials is directly related to the unit of production and is immediately identifiable. For instance, the price of glass is a direct material expense in the production of light bulbs. The primary component needed for the production of goods or products was material.
Total Direct materials cost / No. of units produced= Direct materials cost per unit
DM Cost per unit = $124500/15000
=$8.3 per unit
Fixed costs are of no relavance while computing Direct material cost per unit.
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What is the opportunity cost of Sarah playing in the statewide soccer league?
the time and money required to drive to games all over Georgia
the registration fee Sarah must pay to be on the soccer team
the ability to hang out with her school friends during summer
D the effort Sarah must expend to develop her soccer skills
$200 and her parents have to drive her all over Georgia, b
The opportunity cost of Sarah playing in the statewide soccer league is the ability to hang out with her school friends during summer. Thus, the correct answer is option C.
What is opportunity cost?The opportunity cost of a particular activity is the value or benefit lost by participating in that activity in comparison to participating in another activity. More effectively, it means that if you choose one activity, you forfeit the opportunity to do another.
As, Sarah will be playing in the statewide soccer league, she will not be able to hang out with her school friends during summer. As, opportunity cost is the cost of foregoing the next best alternative so for Sarah the hanging out with her school friends is the opportunity cost.
Therefore, the ability to hang out with her school friends during summer is the opportunity cost of Sarah playing in the statewide soccer league.
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in baum v. helget gas products, inc., what was the outcome of the handwritten notes that were claimed to comprise an employment contract?
Handwritten notes can be considered a legally binding employment contract. This was the outcome in the baum v. helget gas products, inc., regarding handwritten notes.
What do you know about employment contract?
A contract of employment is commonly defined as a "contract of service." Historically, a contract of service was distinguished from a contract for the supply of services, with the expression changed to imply the distinction between someone who is "employed" and someone who is "self-employed." The dividing line's purpose is to grant rights to certain types of people who work for others. This could include the right to a minimum wage, holiday pay, sick leave, a written contract, the right to organise in a union, and so on. The assumption is that people who are truly self-employed should be able to manage their own affairs.
So, The Handwritten notes can be considered a legally binding employment contract.
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andy offers to sell barb ten computers for her office. barb sends a rejection first, then later changes her mind and sends an acceptance. whether they have a contract is determined by
a. Barb's rejection.
b. Barb's acceptance.
c. whether Barb's rejection or acceptance is received first.
d. mailbox rule.
Whether they have a contract is determined by whether Barb's rejection or acceptance is received first. Hence, Option C is correct.
What is meant by rejection?the act of rejecting someone or something: Our plans were rejected by the government, which is a setback for us.
Social rejection exacerbates a variety of emotions, including anger, anxiety, despair, envy, and grief. It impairs performance on demanding intellectual tasks, DeWall claims in a recent review, and can also result in hostility and poor impulse control.
Thus, option C is correct.
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(co 3) ahima has created 8 principles to help organizations create within their organization?
According to AHIMA, availability, accessibility, integrity, protection, compliance, retention, and disposition should apply to all information in healthcare organizations.
What are the AHIMA's information governance guiding principles?The eight concepts of accountability, openness, authenticity, protection, compliance, accessibility, retention, & disposition can be utilized to control information across all organizational types, despite the healthcare sector's particularities.
What are the guidelines for AHIMA record-keeping?Information on state laws and AHIMA requirements AHIMA has established the following retention guidelines as a matter of professional conduct: The statute of limitations plus 10 years are the retention periods for minor health records, 10 years are the retention periods for fetal heart monitor records, 10 years are the retention periods for disease, operative, and physician indexes, five years are the retention periods for diagnostic images like x-ray films, and ten years are the retention periods for master patient indexes, registers of births, deaths, and surgical procedures.
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thomas longbow is the only employee of presido, incorporated during the first week of january, longbow earned $2,000.00 and had federal and state income tax withholdings of $100.00 and $37.50, respectively. fica taxes are 7.65% on earnings up to $132,900. state and federal unemployment taxes for the period are $125.00 and $20.00, respectively. what is presido's payroll tax expense for the week?
Presido's payroll tax expense for the week is $282.15.
What is tax?Tax is a mandatory financial charge or some other type of levy imposed upon a taxpayer by a governmental organization in order to fund various public expenditures. The two most common types of taxes are income taxes and sales taxes. Income taxes are based on the taxpayer’s income and are typically paid annually. Sales taxes are based on the purchase price of goods and services and are typically paid at the time of purchase. Other taxes, such as property taxes, are based on the value of property owned by the taxpayer and are typically paid annually.
Taxation is an important source of revenue for governments, enabling them to fund public services and meet their financial obligations
This includes the federal and state income tax withholdings of $100.00 and $37.50, respectively, as well as the FICA taxes of $45.15 (7.65% of $2,000), the state unemployment tax of $125.00, and the federal unemployment tax of $20.00. The total payroll tax expense can be calculated as follows:
$100.00 (federal income tax withholdings) + $37.50 (state income tax withholdings) + $45.15 (FICA taxes) + $125.00 (state unemployment tax) + $20.00 (federal unemployment tax) = $282.15
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if a well-diversified portfolio of stocks has an expected return of 15% when the expected return on the market portfolio is 10%, then:
The well-diversified portfolio has an alpha of 5%. Alpha is a measure of the excess return of a security or portfolio compared to the return of a benchmark index. In this case, the well-diversified portfolio has an alpha of 5%, which means it is generating an extra 5% return compared to the benchmark index.
What is portfolio?
A portfolio is a portfolio of financial assets, such as securities, bonds, commodities, cash, as well as cash equivalents, such as closed-end funds and exchange-traded funds (ETFs). Most people think that a portfolio's core consists of stocks, bonds, and cash. Although this is frequently the case, it need not be the exception. Various types of assets, such as private investments, real estate, and fine art, may be included in a portfolio. You have the option of holding and managing your portfolio yourself or letting a wealth manager, financial planner, or even other finance expert do so.
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what types of actions can be taken by the nlrb in response to an unfair labor practice? check all that apply.
Issue a notice to stop and comply. Order the workers' reinstatement.
In the workplace, what does it mean to be reinstated?An employee with a Mandatory Reinstatement right can return to their previous position with all of their rights and status as before they left.
When an employee is reinstated, what happens?According to case law, the simplest definition of reinstatement is "to put an employee in the same position he or she was in before being dismissed." This indicates that the worker will be reinstated with the same terms and conditions as if the dismissal had never occurred.
Can a worker fired be reinstated?The employer should immediately reinstate the employee if the initial decision to dismiss the employee as a result of a disciplinary procedure is overturned as a result of an appeal. In place of the initial decision to fire the employee, the employer may choose to impose a lesser punishment.
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Full Question = What types of actions can be taken by the NLRB in response to an unfair labor practice? Check all that apply.
Multiple select question.
Organize a labor strike or labor reduction.
Issue a cease-and-desist order.
Demand a higher wage.
Order a reinstatement of workers.
venkat ram purchased a pair of dress shoes in italy for 131.25. if the spot exchange rate is 1,5621, what did the shoes cost in dollars
The cost of shoes in dollars is calculated to be $205.03 if the spot exchange rate is $1.5621/€
An exchange rate is a term used in finance that can be defined as the rate at which one currency will be exchanged for another currency.
In this case; the cost of the shoes can be determined by using the following formula;
value of item in € × currency exchange rate = cost in dollars
Since the value of the shoes in € is 131.25 and the exchange rate is $1.5621/€; therefore substituting these values in the equation as follows;
cost = 131.25 x 1.5621 = $205.03
Hence $205.03 is calculated to be the cost of the shoes.
Although a part of your question is incorrect, you might be referring to this question:
Venkat ram purchased a pair of dress shoes in Italy for € 131.25. if the spot exchange rate is $1.5621/€, what did the shoes cost in dollars?
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a property manager is asked to install a new spa on the premises. the expense of the new spa would be considered:
A property manager is asked to install a new spa on the premises. the expense of the new spa would be considered capitalized item.
A property manager is a person who is responsible for the management of a property, such as an apartment building, office complex, or shopping center. The property manager is responsible for the day-to-day operations of the property, such as overseeing maintenance and repair work, collecting rent, and dealing with tenant issues.
Property managers must have excellent customer service and communication skills, as they will be dealing with tenants on a daily basis. They must also be able to handle difficult situations, such as evictions and lease violations.
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an announcement of changes in business services should be organized using the direct strategy. a. true b. false
an announcement of changes in business services should be organized using the direct strategy- true.
business servicesFirm services are different operations and activities that assist a business run smoothly despite the fact that no physical product is delivered. Information technology is an example of a business service that supports many other business services such as procurement, finance, and shipping. In today's world, the majority of trades are interested in these exclusive services, which cover a large portion of the industry.
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what advantages do discounted bonds offer to investors? why may a bond be called if it is selling at a premium?
One of the primary benefits of discount bonds is the higher yield for investors.
What is discount bonds?
A discount bond is one that has been issued for a lower price than its face value. Discount bonds may also refer to bonds that are presently selling on the secondary market for less than their face value. If a bond is sold for a significant discount from par value, typically 20% or more, it is said to be a deep-discount bond.
Discount bonds have a greater yield for investors, which is one of its main advantages. Bonds are bought by investors for less than their face value, but they must be repaid with their par value when they mature. Some of these bonds are even offered at discounts of 20% or more.
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the owner of a successful bakery lives in a country which supports a strict laissez-faire economic doctrine. what does this mean for the baker?
There are few government controls to interfere with the running of her business.
What is government controls?
Economic and other restrictions imposed by any government agency, such as those based on the U.S. Foreign Corrupt Practices Act, the U.S. Export Administration Act, the U.S. Arms Export Control Act, and other laws or presidential orders, are referred to as "government controls."
The economic doctrine of laissez faire likens the operation of a free market to the process of natural selection. Strict advocates of laissez-faire economics maintain that government interference with business tampers with the laws of nature, obstructing the workings of the free market.
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the presence of resources such as supporting industries and a skilled labor pool that make foreign direct investment more enticing are known as
The presence of resources such as supporting industries and a skilled labor pool that make foreign direct investment more enticing are known as Location externalities.
What is Location externalities?
Location externalities refer to the interdependence of agents, which, on a micro level, means that the placement of one or more households and/or businesses in a neighbourhood alters the neighborhood's quality.
Externalities are unpriced goods that are a part of both consumer and producer market transactions. One example of air pollution is caused by motor vehicles. Neither the makers nor the users of motorised transportation are responsible for covering the cost of air pollution to the rest of society.
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using a menu for one meal to encourage hotel guests to return for meals at other convenient times is an example of
Using a menu for one meal to encourage hotel guests to return for meals at other convenient times is an example of cross-selling.
What is cross-selling?⇒ Cross-selling is a sales strategy that involves offering an existing customer a second product or service. Businesses describe cross-selling in a variety of ways in practice. The size of the company, the industrial sector it works in, and the financial incentives of individuals who must define the term are all factors that may have an impact on the definition.
Cross-selling can have two goals: either to boost revenue from the client or to maintain goodwill with the customer or clients. In order to cross-sell or co-sell a client, two teams within the same organization or two organizations working together are two possible approaches.
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In a study session, your friend says, "Demand is elastic if the percentage change in the price exceeds the percentage
change in quantity demanded." Is your friend correct?
If the share alternate in amount demanded is more than the share alternate in fee, call for is stated to be fee elastic, or very conscious of fee adjustments.
The required details for price elasticity in given paragraph
A good's fee elasticity of call for (}">}, PED) is a degree of ways touchy the amount demanded is to its fee. When the fee rises, amount demanded falls for nearly any good, however it falls greater for a few than for others. The fee elasticity offers the share alternate in amount demanded while there's a one percentage growth in fee, keeping the whole thing else constant. If the pliancy is −2, meaning a one percentage fee upward push results in a percentage decline in amount demanded. Other elasticities degree how the amount demanded adjustments with different variables (e.g. the earnings elasticity of call for for patron earnings adjustments). Price elasticities are bad besides in unique cases. If an excellent is stated to have an elasticity of 2, it nearly continually way that the coolest has an elasticity of −2 in keeping with the formal definition.
The phrase "greater elastic" way that an excellent elasticity has more magnitude, ignoring the sign. Veblen and Giffen goods are training of products that have fantastic elasticity, uncommon exceptions to the regulation of call for.
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danielle williams is a 29-year-old single taxpayer who changed jobs during the year. when she left her first job, she decided to take a total distribution from the 401(k) plan she had established with her former employer. she then used the proceeds to make a down payment on a new car. in early 2022, she received the following form 1099-r reporting the distribution. her only other income was from wages, and her 2021 taxable income was $51,350. what will be the amount of the penalty for the early withdrawal from her 401(k) plan, if any?
Given that both firms are in the same industry and have similar financial characteristics, Firm A would be more likely to experience more significant operating exposure to currency risk due to the presence of more foreign currencies in its markets of operation.
What is financial characteristic?Financial characteristics are the characteristics of a person, company, or asset that affect the ability to generate and manage financial resources. These characteristics may include financial resources, financial performance, financial risk, financial stability, and financial capability. Financial characteristics are essential for businesses to understand and use in order to make informed decisions about their financial situations. Examples of financial characteristics include liquidity, solvency, debt-to-equity ratio, and return on equity. Financial characteristics provide important insights into a company’s financial health and can help inform decisions about how to best manage resources. By understanding financial characteristics, businesses can make informed decisions about their financial management strategies and maximize their financial resources.
Firm A operates in six different countries with six different foreign currencies, while Firm B only operates in four foreign countries with four different currencies. This means that Firm A is exposed to greater exchange rate movements and hence has a higher level of operating exposure to currency risk.
To manage their operating exposure to currency risk, Firm A can use a number of methods. One option is to use currency hedging instruments such as forward contracts and options to lock in the exchange rate for future transactions and protect themselves from losses due to exchange rate fluctuations. Another option is to use currency swaps to exchange one currency for another in order to limit their exposure to currency risk. Finally, they could also diversify their operations geographically by diversifying their operations across multiple countries and currencies, making them less vulnerable to currency risk.
For Firm B, they should also take similar measures to manage their operating exposure to currency risk. However, due to their fewer number of foreign countries, they may have to use more aggressive methods such as currency futures, currency options, and currency swaps to limit their exposure to currency risk. Furthermore, they could also diversify their operations across multiple countries and currencies, making them less vulnerable to currency risk.
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if an investor desires diversification, should he or she seek investments that have a high positive correlation?
Answer: An investor should select securities that are less linked or negatively correlated who wants to diversify their portfolio or holdings.
Explanation:
Relying on the blending of various assets in a portfolio, diversification is a strategy for lowering investment risk. As the assets would respond uniformly to a specific economic development or market shift, a large positive correlation is inappropriate. A portfolio's risk is raised as a result. Since assets would respond to a change in the opposite way, a negative correlation is advantageous for lowering investment risk.
a local club plans to invest $10000 to host a baseball game. they expect to sell tickets worth $20598. but if it rains on the day of game, they won't sell any tickets and the club will lose all the money invested. if the weather forecast for the day of game is 20% possibility of rain,what is the expected value of investing in the baseball game?
Given the possibility of rain, the expected value on a baseball game investment is $14478.40
The expected value of an investment displays the amount that an investor can anticipate receiving based on the potential outcomes and the likelihood that these outcomes will occur.
The business will forfeit all of the funds invested in the baseball game if it rains. However, if it doesn't rain, they may sell $20, 598 worth of tickets.
This baseball game's projected return on investment is= (Rainfall Losses x Rainfall Probability) + ( Probability of no rain x Ticket sales if no rain)
= (20 % x - 10, 000) + ( (1 - 20 %) x 20, 598)
= - 2, 000 + 16,478.40
= $14, 478.40
Therefore , the expected value of investing in the baseball game would be $14, 478.40
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although accounting has several specific uses, the overall purpose of accounting can be summarized as
Although accounting has several specific uses, the overall purpose of accounting can be summarized as to provide financial information that is useful to decision makers.
Accounting is the process of compiling financial information data such that it is visible and clear for all stakeholders and shareholders. Recording and reporting a company's financial transactions, financial performance, and cash flows is accounting's primary objective. Accounting is the process of documenting, analysing, interpreting, and conveying a person's or an organization's financial activity. Accounting's goal is to make it possible for interested parties to base their decisions on truthfully documented data. Liabilities less assets equals net worth.
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greg prepares a financial statement for his business, listing the company's current assets, fixed assets, and the debts that are owed to suppliers and lenders. what document is greg preparing for his business?
A balance sheet is a financial statement that reports a company's assets, liabilities and shareholder equity at a specific point in time.
What is a Balance Sheet?A balance sheet is a financial statement that lists a company's assets, liabilities, and shareholder equity as of a particular date. For calculating investor return rates and assessing a company's capital structure, balance sheets serve as the foundation.
A company's balance sheet, or statement of financial position, gives a quick overview of the assets and liabilities of the business as well as the amount of shareholder investment. In order to do fundamental analysis or determine financial ratios, balance sheets can be employed alongside other significant financial accounts.
One of the three essential financial statements used to assess an organization is the balance sheet. It gives a quick overview of a company's financial position (including it assets and liabilities) as of the publication date.
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2. Sally's favorite department store is offering an incredible deal this week on their store
credit card. The deal states that if she spends $100, she gets $50 off her first bill. She
does have some money saved up to spend in her checking account. This store is also
having one of their biggest sales of the year. Should she open up a department store credit
card? What additional information would be important to know to make a more informed
decision?
Yes Sally has to open the the department store credit.
The additional information that Sally would have to know in order to make the informed decision would be:
The rate of interestThe durability of cardWhat is meant by store credit?When a client returns items that cannot be swapped, a business typically offers a shop credit. When a customer returns an item that is not qualified for a refund, the retailer will provide the customer a shop credit. It can be used to purchase additional items in the store.
A more limited form of reimbursement is store credit. The customer is given credit for the value of the returned good or service to be used on future purchases from the same company. Though it doesn't have to be done one-to-one, this is comparable to a goods exchange.
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