Substantial refers to the extent to which consumers in a defined segment are likely to respond to marketing offers targeted at them.
What does the term "marketing" mean?The process of developing, communicating, delivering, and trading offerings that are valuable to customers, clients, partners, and society at large collectively is known as marketing.
What function does marketing serve?The benefit of marketing for your company is that it engages consumers and helps them decide whether to purchase your goods or services. A marketing strategy, which is a component of your business plan, also aids in establishing and sustaining demand, relevance, reputation, competition, etc.
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if an account has a debit balance of $840 in the trial balance section of a worksheet and there is a credit of $480 in the adjustments section, the account balance in the adjusted trial balance section of the worksheet is a multiple choice $1,320 debit. $360 debit. $360 credit. $480 credit.
The account balance in the adjusted trial balance section of the worksheet is $ 1,320 debit .
Option A is correct.
Calculating the problem:Debit Balance in unadjusted trial balance = $840
Debit Balance in Adjustments = $480
Account balance in adjusted trial balance = $840+$480
= $1,320
Hence, $1,320 Debit.
Trial balance:
A Trial balance sheet is a list of all the general ledger accounts in the company's general ledger. This list contains the name of each notional ledger account and its notional ledger balance value. Each nominal ledger account holds either a debit or credit balance.
A trial balance is a financial report that shows the closing balances of all accounts in your general ledger at a point in time. Creating a trial balance is the first step towards closing the books at the end of the accounting period.
Why are trial balances used?The main purpose of the trial balance is to ensure that the list of general ledger credit and debit entries is mathematically correct.
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licensing and franchising are similar approaches involving one organization giving another organization the right to use its brand name, technology, or product specifications in return for a lump sum payment or a fee usually based on sales. group of answer choices
Licensing and franchising are similar approaches involving one organization giving another organization the right to use its brand name, technology, or product specifications in return for a lump sum payment or a fee usually based on sales. A) Importing, exporting B) Sourcing, procuring C) Licensing, franchising D) Globalizing, internationalizing E) None of the answer choices is correct
What is Licensing and franchising ?A trademark license and the shared use of brand components, technology, or systems in the operation of a firm are two aspects of licensing and franchising, two types of commercial partnerships. Franchise agreements have more restrictions than license agreements, while license agreements involve the shared - licensed - use of a trademark, technology, or business system amongst independent enterprises that each use their own unique and distinctive trademarks. Franchise agreements are more comprehensive than license agreements and regulate and control the entire branding and operations of franchised businesses that operate under a single brand and make use of the same systems, supply chain, and operating procedures, in addition to licensing the use of a trademark.
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Brittany (30) will use the head of household filing status for 2021. Her modified adjusted gross income is $45,000. During the year, she made a $1,500 contribution to her employer's 401(k) plan. She is not a student, and she has never taken a distribution from any retirement plan. The maximum amount Brittany may receive for the retirement savings contributions credit (Saver's Credit) is:
$0
$150
$300
$1500
The maximum amount Brittany may receive for the retirement savings contributions credit (Saver's Credit) is $150. Thus the correct option is B.
What is a Retirement plan?Retirement planning is the process of developing an economic plan that will allow you to save money, make investments, and ultimately distribute. The basic goal of retirement planning is to become financially independent once you retire.
The adjusted gross income (AGI) is the basis for the savings credit, which is distributed on a percentage basis. Depending on how much they have saved, people with incomes under $32,250 can earn 20% or 50% of the savings credit.
Based on the given information,
Brittany's AGI is $45,000. Here the AGI falls within the 32,250-49,500 income range)
Savers credit rate =10% of the amount saved to the 401K plan.
Amount contributed by Brittany $1,500 in the plan.
Retirement savings contribution credit =10%*1,500
=$150
Therefore, option B is appropriate.
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Click _____ occurs when a person or software program automatically clicks on an ad without having any interest in the ad's subject.
Click fraud occurs when a person or software program automatically clicks on an ad without having any interest in the ad's subject.
Fraud is any activity that relies on deception for profit. Fraud is a crime when it involves "deliberately misrepresenting the truth or concealing material facts so as to induce others to act prejudicially" (Black's Law Dictionary).
Criminal fraud is a crime in which another person or entity is deceived or deceived in order to obtain financial or similar benefits. This is considered an economic crime.
Perpetrators of fraud are typically experienced employees colluded with others inside and outside the company, according to KPMG's report, Fraudster Profiles. Scammers typically hold managerial or managerial positions and have no criminal record.
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Assessment 5: (Algo) The Bake Shop (TBS) buys and sells cakes. To... LO 1-5
The Bake Shop (TBS) buys and sells cakes. To preserve freshness TBS donates cakes that have not been sold within 5 days to charitable organizations. To avoid waste TBS usually orders fewer cakes than it can sell. Sold out signs are frequently seen in the store. Even so, the cakes come in several flavors and occasionally some of the flavors do not sell out before the 5 day shelf life expires. Cakes cost $16 each to purchase and are sold for $22 each. During the most recent month TBS had customer orders for 28 cakes that could not be filled due to a lack of inventory. There were only 12 cakes that had to be donated to charity during the month. Based on this information the
Multiple Choice
cost of waste amounted to $264.
cost of waste amounted to $448.
opportunity cost amounted to $336.
opportunity cost amounted to $168.
Please show clear working with excel sheet and formulas where possible
Based on the given information the 'opportunity cost amounted to $168'.
What is Opportunity cost?
Opportunity cost is the potential benefit that is foregone when one alternative is chosen over another. It is the cost of making a decision in terms of the next best alternative that was not chosen. In a business context, opportunity cost can refer to the cost of not pursuing a particular course of action, such as choosing not to invest in a certain project or invest in a certain technology.
Explanation:
The cost of waste is calculated by subtracting the number of cakes sold from the number of cakes ordered, and then multiplying this difference by the cost of the cakes.
In this case, 28 - 12 = 16, and 16 x $16 = $256.
The opportunity cost is the difference between what was earned by selling the cakes and what it cost to purchase the cakes. In this case, $22 - $16 = $6, and 28 x $6 = $168.
Therefore, the correct option is Option D.
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A brand is an identifying name, term, design, symbol or any other feature that identifies one marketer's product as distinct from those of other marketers.
A brand is an identifying name, term, design, symbol or any other feature that identifies one marketer's product as distinct from those of other marketers is called brand elements
Branded components also aid in differentiating you from your rivals .When designing your brand strategy, you should focus on these four key brand elements. Strong brand identity, brand image, brand culture, and brand personality are necessary for a strong brand.Your brand's distinguishing elements can be your name, logo, color schemes, and other elements that combine to create a coherent, identifiable picture for your business that permeates everything you do.To know more about brand equity here
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Read the following scenario:
- You are part of a group of concerned citizens in your city and have approached the mayor to form a community organization that will provide a music outreach program for the local youth. He has given his approval and support and as the next step, chooses a board of directors and hires staff. This organization is going to be completely financed by city grants. •
Is this a governmental or not-for-profit organization (NFPO)?
The above-mentioned scenerio for the bank is all about the governmental profit organizations and it is not a Not for Profit Organization.
What is a Not for Profit Organization(NFPO)?A not-for-profit organization (NFPO) is an entity that does not generate profits for its owners, much like a nonprofit. Any profits made from commercial endeavors or donations are immediately reinvested in the organization's operations.
A nonprofit organization (NPO) is something not motivated by profit but rather by commitment to a particular cause that receives all funds received over and beyond what is required to maintain the organization. As a result, the federal government grants NPOs tax-exempt status, which absolves them from paying income tax.
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sales quotas___________ are the standards stating the amount salespersons should sell and how sales should be divided among the company's products
A sales quota is a measure of how much a seller should sell and how sales should be split among the company's products.
How do sales quotas work?A sales quota is a financial target that an individual salesperson and team must meet by the end of a specific period of time (usually it is a month or quarter). Quotas are set by the sales manager, and meeting the quota usually earns the salesperson a performance bonus.
What are types of sales quotas?There are six types of sales quotas: Revenue sales quota. Volume quota. Profit-Based Quota. Combination Quota. Forecast Quota. Activity Quota.
Why Sales Quotas Matter?One of the main reasons for setting sales quotas is to improve performance. Sales managers know the potential of their salespeople. Setting sales quotas motivates salespeople to work harder to meet company goals.
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Jenny sells two types of milk, whole milk and organic whole milk, and 20 different types of snack foods. Based on this information, demand for whole milk will be more price inelastic or elastic than demand for potato chips, because whole milk: A. has a broader market definition
B. is a luxury food
C. is a necessity good
D. has fewer substitutes
The Correct answer for the given question is- More price inelastic as Whole milk D.has Fewer Substitutes.
What is Elasticity of demand?It shows the degree to which demand responds as price changed.
A demand that is elastic when a significant shift in quantity demanded as a result of a price adjustment. When the amount sought changes little as a result of a price adjustment, the demand is said to be inelastic.
The following formula is used to calculate demand elasticity:
(Q1 – Q2) / (Q1 + Q2)
(P1 – P2) / (P1 + P2)
If the formula creates an absolute value greater than 1, the demand is elastic.
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Recently, firms have emphasized agile compensation. The point of agile compensation is to spot and _______ good performance at the moment it occurs.
Multiple Choice
engage
reward
stop
recognize
If speculators bid up the value of the dollar in the market for foreign-currency exchange, U.S. aggregate demand would shift to the left. a. Trueb. False
When speculators increase the value of the dollar on the foreign exchange market, American goods become more expensive in comparison to foreign commodities, which causes aggregate demand to move to the right.
What is foreign exchange?Exchanging currencies between nations at market rates is referred to as foreign exchange. Let's examine the definition of foreign exchange in more detail. Different nations use various currencies. Currency exchange is the process of converting one nation's currency into another. a market where one currency is traded for another; for instance, in the market for euros, euros are bought and sold and paid for using other currencies like the yen. A global marketplace for trading currencies is the foreign exchange market, or forex market. It is a decentralised market where you may purchase and sell foreign currency. The market will have over-the-counter foreign exchange rates.
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how can schools create inclusive education for students with speech and language difficulties
Answer:
schools can always create extra classes and get specilized teachers to handle and care for students with behavrioral disorders
Explanation:
Break-even point
PNG electric company manufactures a number of electric products. Rechargeable light is one of the PNG's products that sells for $180/unit. Total fixed expenses related to rechargeable electric light are $270,000 per month and variable expenses involved in manufacturing this product are $126 per unit.
1. Compute the contribution per unit
2. Compute break-even number of units for the company.
3. How much revenue will the company need to make before they earn a profit?
4. Compute the number of rechargeable lights to be sold to earn a net operating income of $189,000 per month.
The contribution per unit is $54, the break-even number of units for the company is 5,000 units, Salle's Revenue at break even point is $9000,00, and the number of rechargeable lights to be sold to earn a net operating income of $189,000 per month is 8,500 units.
What is the Break-even point?The break-even point is defined as the point at which total cost and total revenue are equal, implying that your small business has no loss or gain.
1.
Computation of contribution per unit:
Contribution Per Unit = Selling price – Average variable cost
Contribution Per Unit = 180-126
Contribution Per Unit =$54
Whereas,
Selling price = $180
Average variable cost = $126
2.
Computation of break-even number of units for the company:
Break Even Point= Total Fixed Cost / Contribution Per Unit
Break Even Point = 270,000/5
Break Even Point = 5,000 units
Whereas,
Total Fixed Cost = $270,000
3.
Computation of Salle's Revenue at break even point:
Salle's Revenue at break even point= Break Even units * Selling price
Salle's Revenue at break even point= $5000*$180
Salle's Revenue at break even point =$900,000
4.
Computation of number of rechargeable lights to be sold to earn a net operating income of $189,000 per month:
Units to be sold at desired Profit = (Total Fixed Cost + Desired Profit) / Contribution Per Unit
Units to be sold at desired Profit =(270,000+189,000) / 54
Units to be sold at desired Profit =8,500 units
Whereas,
Desired profit=$189,000
Therefore, the Break Even Point in units is5,000 units
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a five-year bond has a $1,000 par value bond, a 12 percent coupon, and a yield to maturity of 8 percent. interest is paid semiannually. the bond's price is a five-year bond has a $1,000 par value bond, a 12 percent coupon, and a yield to maturity of 8 percent. interest is paid semiannually. the bond's price is $1785.35. $1162.22. $852.80. $1081.78. $864.65.
A bond's price is equal to the bond's potential future cash flow, discounted at the current market rate.
What is the price of the bond?Investors' willingness to pay a certain sum for an existing bond determines its price.
The online offering table and statements you receive for bonds express bond values as a % of face (par) value. Investing in corporate bonds is one option that comes to mind. $20,000 is written on the face of the note.
An investor issues a bond to a borrower, such as a government or business, in essence as a loan. In exchange for the loan, which is used to support business activities, the investor receives interest on their capital. Over time, the market value of a bond could change.
The current discounted value of a bond's potential future cash flow is known as the bond price. The total of all expected coupon payments plus the par value at maturity, expressed as a sum of their current values, is referred to as the "par value."
Therefore, the bond's price is a.$864.65.
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To replenish the petty cash fund, the journal entry would include Answers: (A) Debit petty cash and credit Cash (B) Debit postage and credit cash (C) Credit petty cash and debit Cash (D) Credit cash and debit postage
To replenish the petty cash fund, the journal entry would include: (A) Debit petty cash and credit Cash.
How to prepare the journal entry to replenish the petty cash fund?A petty cash fund is often created with a certain amount of money in which this money are often used to meet an organization daily expenditure . This amount is often replenished at the end of the period.
The appropriate journal entry to o replenish the petty cash fund is:
Debit Petty cash
Credit Cash
(To replenish the petty cash fund)
Therefore the correct option is A.
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To replenish a Petty cash fund, the journal entry would include a debit petty cash fund and a credit cash. When a petty cash cashier credit petty cash fund, they must create a journal entry and the entry must show an increase in Petty Cash account and a decrease in Cash account, to a debit Petty Cash account and a credit Cash account.
What is a Petty Cash Fund?petty cash fund, is a small amount of money that a business owner set aside or keeps on hand to pay for smaller business expenses out of the business profit. These small amounts of cash or money can pay for little expenses like light refreshment during meetings or postage stamps ,inks, pens, etc. Petty cash is an alternative to conveniently checks for smaller transactions.
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Ghandi Medical University Centre is engaged in full time teaching and medical research for a medical college, dental college, nursing college and other health related professions. It is attached to university which enrolls approximately 2,000 students. It has about 800 beds in medical, surgical and psychiatric wings. It is funded by state government. It is widely recognized as top institution in the provision of medical services in the state. However, the medical center faced consistent financial problems; especially the teaching is unable to break-even.
The state government has brought Dr. Rao, previously Director of a large private hospital by offering lucrative salary and perks. Lured by an excellent salary, favorable climate and the opportunity to test his abilities, Dr. Rao accepted the post of Director of the center.
In the post of Director, Dr. Rao holds control of administration of the teaching, hospital and the college of health related professions. He is accountable for both its management and its budget. While Dr. Rao enjoys free hand in the internal affairs of the university, all long range plans and budgets are approved by state legislature and university. The medical center is expected to obtain approval for major programs from both the university and state it is subject to their rules, regulations and priorities. While the state favors expenditure on health care, the university prefers a budget structure supporting teaching and research.
This being the external intricacies, Dr. Rao found that the teaching and health care personnel directly reporting to him have conflicting priorities. While the former group emphasizes teaching and research, latter stresses on health care. A sluggish bureaucracy entrenched in the organization, most of the important people respect it as it provides necessary resources. However, many individuals within the bureaucracy flap well-conceived plans because they lack initiative or have interest in the effective management of the institution.
In this back drop, Dr. Rao found Mr. Das was handling all procurements, a unique personality, he being a retired military person. While purchasing, he buys exactly what every physician orders with no regard to cost. Many of his purchases are dictated by state specifications. This frequently resulted in running out of budget allocation within eight or nine months, contributing to deficit. This forced the center to borrow supplies from local hospitals. Mr. Das, it seems neither made an attempt to change state specifications nor persuaded physician and teaching staff to order less expensive items of equal quality. However, he is not violating the rules, but discharging his duties perfectly with the bureaucracy. Dr. Rao recognized that he is not only an exception in the center.
Based on the above case answer the following questions
1. What are the specific problems of Dr. Rao? How do you eliminate them?
2. How could you redesign the organization? Construct a chart.
3. Dr. Rao is not strong believer of bureaucracy. As such what type of leadership styles are appropriative in this case?
Answer:
if you work than you will do it
Doug Graves Cemetery had 50,000 shares of common stock issued and outstanding at January 1, 2021. During 2021, Graves took the following actions: June 1 Declared a 2-for-1 stock split, when the fair value of the stock was $25 per share. October 15 Declared a $0.40 per share cash dividend. In Graves's statement of shareholders' equity for 2021, what amount should Graves report as dividends? Multiple Choice O $90,000 O $20,000 O $60,000 O $40,000
If Doug Graves Cemetery had 50,000 shares of common stock issued and outstanding at January 1, 2021. The amount that Graves should report as dividends is: D. $40,000.
How to find the dividend?First step is to find the number of shares after the 2-for-1 stock split
Number of shares after the 2-for-1 stock split = 50,000 × 2
Number of shares after the 2-for-1 stock split = 100,000 shares
Now let find the amount of dividend to report
Amount of dividend to report = 100,000 × $0.40
Amount of dividend to report = $40,000
Therefore the correct option is D.
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If expected inflation increases:
A. the short run Phillips Curve shifts to the right.
B. the short run Phillips Curve shifts to the left.
C. there is a movement along the short run Phillips Curve.
D. the long run Phillips Curve shifts in to the left.
If expected inflation increases: A. the short run Phillips Curve shifts to the right.
What is inflation?Inflation can be defined as the increase in the price of goods and service. When their is inflation in a country the purchasing power can tend to reduce.
An a rise in inflation can tend to have effect on demand curve based on the fact that the short run Phillips Curve will shifts to the right.
Therefore we can conclude that the correct option is A.
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Don is an accountant in the Finance department. For the last several months, he has been testing an online accounting program. After speaking with his manager, Don receives permission to download a streamlined version of the software, which requires a local installation. Don downloads the application and tries to install it, but the operating system will not allow him to. Out of frustration, he calls the help desk. The help desk sends a technician to Don's machine while Don is out to lunch. The technician installs the application without issue.
Which of the following is the most likely reason Don could not install the application?Insufficient Permissions
Insufficient permissions are the most likely reason Don could not install the application.
The finance department is what?
The department organization known as the finance department is in charge of raising money for the business, managing money inside the company, and organizing how the money will be spent on various assets.
Don's inability to install the application was probably caused by insufficient permissions. The Insufficient Permissions issue often indicates that the user's assigned role does not have the necessary permissions to carry out the requested action.
Therefore, Don is an accountant in the Finance department.
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Bankers usually insist that prospective business borrowers submit audited financial statements along with a loan application. Why should financial statements be audited by a CPA?
Answer:
Financial statements should be audited by a CPA because it provides an independent and objective assessment of the accuracy and reliability of the financial statements. This ensures that the information presented in the financial statements is complete and free from material misstatements. An audited financial statement can provide greater confidence to the lender that the borrower is financially sound and able to repay the loan.
Answer:
Because audited financial statements are more reliable than unaudited financial statements.
Explanation:
The money demand curve is _____ because the opportunity cost of holding money is _____ related to the interest rate.
a. downward-sloping; inversely
b. downward-sloping; directly
c. upward-sloping; inversely
d. upward-sloping; directly
The money demand curve is downward-sloping because the opportunity cost of holding money is directly related to the interest rate.
While the money demand curve shows the relationship between the amount of money demanded and the interest rate in the economy, money demand refers to the overall demand for retaining cash in an economy. Let's take a step back and give these terms some context. It is practical for people to keep money in their pockets or bank accounts.
They can pay their bills each day while they shop for food or go out with pals. However, there is a fee associated with storing cash on hand or in checking deposits. The cost of keeping money is known as the opportunity cost, and it is the amount of money you would have made if you had invested it in a resource that yields returns.
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Show the long-run effects of this policy (decreasing the money supply) on both of the graphs by shifting the appropriate curves.
The long-run effect of the central bank's policy is __________ in the inflation rate, ___________ in the unemployment rate, and ___________ in real GDP.
The long-run effects of a central bank's monetary policy can vary depending on the specific actions taken by the central bank. In general, however, the central bank's monetary policy can affect the long-run growth of the economy, the level of employment, and the rate of inflation.
fill ups :
a decrease;
no change;
no change
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Economic profit
a. is a theoretical measure of a firm’s performance and has little value in real world decision
making.
b. can be calculated by subtracting implicit costs of using owner-supplied resources from
the firm’s total revenue.
c. is negative when total costs exceed total revenues.
d. is generally larger than accounting profit.
Economic profit is negative when total costs exceed total revenues of a firm or company.
Option C is correct.
What does economic benefit mean?Economic profit or loss is the difference between the income from selling output and the cost and opportunity cost of all inputs used. Opportunity cost and explicit cost are subtracted from earned income when calculating economic benefit.
Why is economic profit important?Economic profit is very important as it helps in evaluating a company's profitability and financial performance. Indicates whether a particular company is able to cover its costs and generate revenue for its stakeholders. Therefore, brands only succeed if they bring prosperity to their stakeholders.
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T/F In the past it was common for the marketing function and PR function to be handled by different departments in a firm.
Answer:
True
Explanation:
Which of the following actions is unlikely to help make a company's branded footwear more competitive vis-a-vis the brands of rival firms? A) Increasing worker compensation to levels above the industry average in every geographic region where it has a production facility B) Increasing brand advertising expenditures in two or more geographic regions Increasing the company's mail-in rebate offer from $3 to $5 C) Boosting the number of models/styles available to buyers from 250 to 350 D) Reducing the prices the company charges for its branded footwear in both the Internet and Wholesale segments
Putting resources into plant moves up to lessen the oddball rates at every one of the organization's plants. The company will not be able to increase its market competitiveness by investing in plant upgrades.
The majority of the footwear industry is made up of brands like Nike, Reebok, Adidas, and Puma. Basketball shoes, running shoes, and soccer shoes are just a few examples of specialized segments of this market where performance is the primary consideration.
However, some customers think fashion is important, which has put the footwear industry in a creative phase where performance and fashion are combined to create a new mix known as the lifestyle division. Because Nike and Adidas compete for mind share, or the attention of consumers, they use marketing strategies like brand ambassadors, product proliferation, and price to their advantage.
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Each month, an American household generates an average of 28 pounds of newspaper for garbage and/or recycling. Assume this is approximately normally distributed and that the standard deviation is 2 pounds. If a household is selected at random, find the probability of it generating between 27–31 pounds per month.
Answer:
68.26% probability that a randomly selected household will generate between 27 and 31 pounds of newspaper per month.
Explanation:
The probability of a randomly selected household generating between 27 and 31 pounds of newspaper per month can be found using the normal distribution.
First, we need to standardize the random variable by subtracting the mean (28 pounds) and dividing by the standard deviation (2 pounds):
(27 - 28) / 2 = -0.5
(31 - 28) / 2 = 1.5
These standardized values correspond to the z-scores for the lower and upper bounds of the range. We can use a standard normal table or a calculator to find the probability that a random household will generate a value within this range.
The probability of a value falling between -0.5 and 1.5 on the standard normal distribution is approximately 0.6826, or 68.26%. This means that there is a 68.26% probability that a randomly selected household will generate between 27 and 31 pounds of newspaper per month.
It's important to note that this is an approximate value, as the normal distribution is a continuous distribution and the probability of a specific value occurring is technically zero. However, the normal distribution can be used to approximate the probability of a value falling within a given range, as long as the range is relatively small compared to the standard deviation.
Mega Inc. has 1,000 shares of common stock and 1,000 shares of preferred stock outstanding. The preferred stock has a cumulative dividend preference. Both classes of stock have a par value of $10. The preferred stock has a dividend rate of 6 percent. Mega failed to pay a dividend during the prior year. During the current year, the board of directors declares dividends totaling $2.000. Accordingly, the company will distribute dividends in the amount of:
The company will distribute $1,000 in dividends to the holders of the preferred stock and $1,000 in dividends to the holders of the common stock.
The holders of the preferred stock will receive the full $1,000 dividend as this is a cumulative dividend preference and the company failed to pay a dividend during the prior year. The holders of the common stock will receive $1,000 in dividends split among the 1,000 shares, which amounts to $1 per share.
Dividend refers to a reward, cash or otherwise, that a company gives to its shareholders. Dividends can be issued in various forms, such as cash payment, stocks or any other form.
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Section 1. Incremental Revenues and Cost Savings Craig Jones, the owner of Jones' Hotels (20 mid-size properties) is considering to replace the property management system (PMS) used in his hotels. IT department has been in search for a while for a cost-effective and efficient PMS to increase sales revenue and reduce labor cost. Recently, they have recommended Craig Jones a new sytem, Ultra PMS. Craig and his management team must evaluate the feasibility of this project. Consistent with all previous technology investments, no salvage value is presumed from the disposition of the proposed PMS at the end of its economic life of 10 years. Below is a cost break down of the new PMS rollover accross 20 properties of the company, if the company management decides to invest in this project: One Time Costs Initial Investment Cost $ 3,425,450 Annual Recurring Costs (Incremental) Annual system maintenance and updates 78,296 Annual training and technical support 58,722Total Annual Recurring Costs 137,018The sales and reservation team predicts that annual room sales revenue can be increased by 6% (incremental revenue) if the Ultra PMS is acqui They predict that labor cost in the sales and reservations office can be reduced by 7.5% each year (labor cost savings). Below is the most recent forecasts for room sales revenue and labor cost in the sales and reseravations office:The sales and reservation team predicts that annual room sales revenue can be increased by 6% (incremental revenue) if the Ultra PMS is acquired. They predict that labor cost in the sales and reservations office can be reduced by 7.5% each year (labor cost savings). Below is the most recent forecasts for room sales revenue and labor cost in the sales and reseravations office: Year Forecasted Room Forecasted Labor Sales Revenue Cost in S&R Office2021 19,574,000.00 978,700.00 2022 19,965,480.00 998,274.00 2023 20,364,789.60 1,018,239.48 2024 20,772,085.39 1,038,604.27 2025 21,187,527.10 1,059,376.35 2026 21,611,277.64 1,080,563.88 2027 22,043,503.19 1,102,175.16 2028 22,484,373.26 1,124,218.66 2029 22,934,060.72 1,146,703.04 2030 23,392,741.94 1,169,637.10The goal of this analysis is to help Craig Jones decide whether the proposed PMS project is financially sound or not. To analyze whether the project is sound, you are required to complete a set of tasks provided below. You need to use the information provided and use Excel to complete all tasks. Please use the templates and space provided for your answers. Below are the required tasks to be completed: Required Tasks 1 Using the sales revenue and labor cost forecasts in the S&R office, calculate the incremental annual revenues and labor cost savings from the proposed PMS project. Please use the columns provided for your calculations. Current Sales Revneue and Labor Costs in the Sales and Reservations (S&R) Office Labor Cost Savings ? Year 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 Forecasted Room Sales Revenue 19,574,000.00 19,965,480.00 20,364,789.60 20,772,085.39 21,187,527.10 21,611,277.64 22,043,503.19 22,484,373.26 22,934,060.72 23,392,741.94 Incremental Forecasted Labor Cost in S&R Office Project Revenue ? 978,700.00 ? 998,274.00 ? 1,018,239.48 ? 1,038,604.27 ? 1,059,376.35 ? 1,080,563.88 ? 1,102,175.16 ? 1,124,218.66 ? 1,146,703.04 ? 1,169,637.10 ? ? ? ? ? ? ? ? ?
To calculate the incremental annual revenues and labor cost savings from the proposed PMS project, you can follow these steps:
What is PMS?
A property management system (PMS) is a software platform used by hotels, resorts, and other hospitality businesses to manage and coordinate various aspects of their operations, including reservations, room assignments, guest check-ins and check-outs, billing and payment, and maintenance.
The steps are as follows:
Determine the forecasted room sales revenue for each year. This information is provided in the table.Calculate the incremental room sales revenue for each year by multiplying the forecasted room sales revenue by 6%. For example, for the year 2021, the incremental room sales revenue would be calculated as follows: 19,574,000 * 6% = 1,174,44.Determine the forecasted labor cost in the sales and reservations office for each year. This information is provided in the table.Calculate the labor cost savings for each year by multiplying the forecasted labor cost by 7.5%. For example, for the year 2021, the labor cost savings would be calculated as follows: 978,700 * 7.5% = 73,402.50You can use these calculations to complete the table as follows:
Year Forecasted Room Sales Revenue Incremental Forecasted Room Sales Revenue Forecasted Labor Cost in S&R Office Labor Cost Savings
2021 19,574,000 1,174,440 978,700 73,402.50
2022 19,965,480 1,197,723 998,274 74,621.05
2023 20,364,789 1,221,895 1,018,239 75,868.93
2024 20,772,085 1,246,926 1,038,604 77,145.30
2025 21,187,527 1,272,816 1,059,376 78,451.20
2026 21,611,277 1,299,577 1,080,563 79,794.72
2027 22,043,503 1,327,210 1,102,175 81,166.78
2028 22,484,373 1,355,726 1,124,218 82,566.36
2029 22,934,060 1,385,143 1,146,703 83,995.73
2030 23,392,741 1,415,465 1,169,637 85,457.78
Hence, by using the above calculations the incremental annual revenues and labor cost savings from the proposed PMS project can be estimated.
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nathan opened an interest-bearing savings account two years ago. his account balance, in dollars, can be calculated using the expression shown below, where t is time, in years. use the given expression to complete the statements below. the quantity that represents nathan's initial deposit is . the quantity that represents the rate at which the account is increasing is , which means the interest rate on the account is %. the quantity that represents the number of times the account compounds each year is .
The expression to calculate Nathan's account balance is: Account Balance = initial deposit * (1 + rate)^(t)
The quantity that represents Nathan's initial deposit is "initial deposit".
The quantity that represents the rate at which the account is increasing is "rate", which means the interest rate on the account is rate x 100% (for example, 0.03 x 100 = 3%).
The quantity that represents the number of times the account compounds each year is "t", which means if t = 2, then the account compounds twice per year.
Usually, the amount consists of one to two percent of the total price of the residence. For example, if you are buying a $300,000 home, you may expect to pay $3,000 to $6,000 as your initial deposit. Earnest money is one of the many expenses associated with buying a home.
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If for a given individual, between a wage rate of $30 and $35 the ____________________ effect outweighs the ________________ effect, the individual's supply curve of labor curve between those two wages will be _________________.
income; substitute; downward sloping
If for a given individual, between a wage rate of $30 and $35 the income effect outweighs the substitute effect, the individual's supply curve of labor curve between those two wages will be downward sloping.
In team sports, substitution (or interchange) is changing one participant with some other during a in shape. replacement players that are not within the beginning lineup (also referred to as bench gamers, backups, interchange, or reserves) reside on the bench and are available to alternative for a starter. Later within the healthy, that alternative may be substituted for by using some other substitute or by way of a starter who's currently at the bench. some sports activities have regulations on substituting or interchanging players whereas others do now not. Australian guidelines soccer, American soccer, ice hockey, and basketball are examples of sports which practice "unlimited" substitutions, albeit situation to sure guidelines. Substitution is limitless during play in Australian policies and ice hockey.
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