a) The marginal revenue received from the 11th unit is $100.
b) The marginal cost of producing the 11th unit is $38 ($74 - $36).
c) The price the firm charges for each hard derive is $100 per unit.
d) The number of units this firm should produce to maximize profits is 14.
e) The firm's profits at the profit-maximizing level are $1,000.
What are the marginal revenue and marginal cost?The marginal revenue is the additional revenue generated by the firm in producing the 11th, 12th, or 13th units, etc.
The marginal cost is the additional cost the firm incurs when it produces an additional unit.
Quantity (units) Fixed cost ($) Variable cost ($) Total revenue ($) Profit
10 100 36 1,000 $864
11 100 74 1,100 $926
12 100 145 1,200 $955
13 100 202 1,300 $998
14 100 300 1,400 $1,000
15 100 435 1,500 $965
16 100 588 1,600 $912
17 100 774 1,700 $826
a) The marginal revenue from the 11th unit = $100 ($1,100 - $1,000).
b) Marginal cost for the 11th unit = $38 ($74 - $36).
c) Price per hard derive = $100 ($1,700/17).
In situations (d) and (e), the profit-maximizing units (14) ensure the highest profit as indicated in the table. After this level, as the firm increases production, its profits continue to decline.
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One way to enhance self-control would be to raise the delay curve for the ________ reinforcer.
One way to enhance self-control would be to raise the delay curve for the larger later reinforcer.
According to the Ainslie-Rachlin law, when a reward is available, its perceived value approaches its maximum. The emphasis on choosing smaller incentives sooner rather than larger ones later can change over time. The model is predicated on the idea that the value of a reward rises substantially as delay diminishes and reward attainment approaches.
Early in the delay, when both the smaller, sooner reward (SSR) and the larger, later reward (LLR) are far away, the model predicts that SSR is less valued and that LLR would be the easier decision because it is the sensible option.
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If taxable income is over-- But not over-- The tax is:
$0 $7,825 10 percent of the amount over $0
$7,825 $31,850 $782.50 plus 15 percent of the amount over 7,825
$31,850 $77,100 $4,386.25 plus 25 percent of the amount over 31,850
$77,100 $160,850 $15,698.75 plus 28 percent of the amount over 77,100
$160,850 $349,700 $39,148.75 plus 33 percent of the amount over 160,850
$349,700 no limit $101,469.25 plus 35 percent of the amount over 349,700
Use this tax table to find how much tax you need to pay on a taxable income of $25,000.
A.
$2,576.25
B.
$3,358.75
C.
$5,934.25
Based on the table on taxable income, the tax to be paid when one has a taxable income of $25,000 is B.$3,358.75
How to find the federal income tax?The United States federal government taxes people on a progressive basis which means that the higher one earns, the higher the taxes they will have to pay.
This is why the taxes that are paid on income will depend on the tax bracket that a person finds themselves in.
For a taxable income of $25,000, the taxable income will be based on the tax bracket : $7,825 to $31,850
In this tax bracket, the person will pay an income tax of $782.50 and then an additional sum which would be 15% of the amount over $7,825.
The taxable income of $25,000 will therefore have a tax of:
= 782.50 + (15% x (25,000 - 7,825))
= 782.50 + (15% x (17,175))
= 782.50 + 2,576.25
= $3,358.75
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Think of a product that you would use for innovation and enterprise. Describing how the product will innovate within 5 years.
A product that I would use for innovation and the company would be artificial intelligence because it will have a positive impact on production and the organization.
What is artificial intelligence?Artificial intelligence is a term that refers to the product of computer science that aims to replicate and develop intelligence and its implicit processes through computers. In other words, what scientists who develop artificial intelligence are looking for is to replicate human intelligence through robots and machines.
How will artificial intelligence impact business and innovation?Artificial intelligence would have a positive impact on the innovation of a company because it would improve the organization and production processes. An example of this would be when a company implements artificial intelligence on its machines. These can identify possible improvements in the production process to be more efficient.
Additionally, the organization of the company would improve because it no longer had to have as many employees, so the cost of salaries would be reduced.
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the higher the value of a user's overall investment, the more they are likely to consider the staying power of any offering before choosing to adopt it. group of answer choices true false
True, because the higher the value of a user's overall investment, the more likely they are to consider the durability of each offering before choosing to adopt it.
Investment is the activity of placing capital in the form of money or other valuable assets into an object, institution, or party with the hope that the investor or investor will benefit after a certain period of time. Generally, funds or assets invested by an investor will be developed by the agency or party that manages it. The profits from the development will be distributed to investors as a return in accordance with the provisions between the two parties.
Economically, in investing, investors will buy something that will not be used now. Something that is purchased is stored as property which after a certain period of time can change in value. Investment does not always lead to profit. There is also a risk of loss in investing.
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when a minimum-wage law forces the wage to remain above the level that balances supply and demand, the quantity of labor supplied is higher and the quantity demanded of labor is lower than at the equilibrium wage. a. true b. false
True: When a minimum-wage law forces the wage to remain above the level that balances supply and demand, the quantity of labor supplied is higher and the quantity demanded of labor is lower than at the equilibrium wage.
A minimum wage rule increases the amount of labor supplied and decreases the amount of work demanded relative to the equilibrium level when it requires the wage to remain above the level that strikes a balance between supply and demand. As a result, there is an excess of labor and a lack of employment. This occurs when there are more workers than there are open positions. As a result, many of those employees are unemployed.
The body of law known as minimum wage law forbids employers from hiring workers or employees for less than a certain hourly, daily, or monthly minimum pay. More than 90% of all nations have minimum wage laws in place.
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the fact that taxpayers can deduct the amount they paid in interest on a home mortgage from the income they report on their tax returns is an example of a(n)
The fact that taxpayers can deduct the amount they paid in interest on a home mortgage from the income they report on their tax returns is an example of a Tax expenditures.
What is tax expenditure?Tax expenditures can be described as the special provisions of the tax code .
It should be noted that this expenditure can be base on the terms such as the credits, and tax rates and this can be seen to have some benefits as well as importance to some kind of the tax payers.
Therefore, the Tax expenditures is about giving some exception to the tax payers base on some kind of levels.
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suppose korie purchases the factory using $200,000 of her own money and $200,000 borrowed from a bank at an interest rate of 6 percent. what is korie's annual opportunity cost of purchasing the factory
The Korie's annual opportunity cost of purchasing the factory is $18,000
Calculating the problem:The calculation of the Korie's annual opportunity cost of purchasing the factory is shown below:
Opportunity cost = interest on his money + interest paid on borrowed money
= (0.03) of ($200,000) + (0.06) of ($200,000)
= $6,000 + $12,000.
= $18,000
Hence, Korie's annual opportunity cost of purchasing the factory is $18,000
What is opportunity cost and example?“Opportunity cost” of a resource, means the value of the next-highest-valued use of that resource. for example, when you spend time and money watching a movie, you can't spend that time at home reading a book, and you can not spend the cost on books.
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suppose that a country imports $90 million worth of goods and services and exports $80 million worth of goods and services. what is the value of net exports? a. $10 million b. $170 million c. -$10 million d. $80 million
Consider a scenario in which a nation buys goods and services worth $90 million and exports them for $80 million. The net exports are valued at -$10 million.
What does a nation's net export mean?Total exports less total imports for a specific country is the definition of net exports. It is a method of determining the total outlays or GDP of a country in an open economy.
The balance of trade, commercial balance, or net exports refers to the difference between a nation's exports and imports in terms of dollar value over a given time period. It's sometimes made a point to distinguish between a trade balance for goods and one for services.
In the above question, given:
Imports= $90 million
Exports= $ 80 million
Net Export= Total Exports - Total Imports
Net Export= $ 80 million - $ 90 million
Net Export= -$10 million
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suppose the marginal propensity to save (mps) is equal to 0.25. according to the text, a $100 increase in investment spending will lead to a: please choose the correct answer from the following choices, and then select the submit answer button. answer choices total increase in spending of $100 because an increase in investment spending does not create a multiplier effect. $100 increase in spending in the first round, and a total increase in spending of $250. $50 increase in spending in the first round, and a total increase in spending of $400. $100 increase in spending in the first round, and a total increase in spending of $400.
There will be a $400 increase in equilibrium income due to the marginal inclination to save and the rise in investment spending.
Change in investment spending x Multiplier
Multiplier = 1 / Marginal propensity to save = 1 / 0.25 = 4
Change in equi. income = 100 x 4 = $400
The marginal inclination to consume assesses how much a customer will spend or save in response to an overall wage increase. If someone's income increases, what proportion of that increase will they spend, to put it another way. Because consuming needs are met and more money may be saved, greater incomes frequently show lower marginal inclination to consume. Investing spending means Funds used to purchase capital goods or items required for the creation of capital, goods, or services. Purchases of equipment, real estate, raw materials for production, or infrastructure may be considered investments spendings.
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a firm plans to make investments of $5,000 for the next 10 years, paying the amount at the end of each year. this form of cash flow pattern represents a(n) .
B. The given scenario where a firm invests $5k for next 10 years An ordinary annuity is series of finite but equal cash flows which occur at the end of each period.
Net cash transactions are moved in and out of a business in the form of cash flow. It is a statement that depicts the financial activity of the company. An ordinary annuity is a series of limited but equal cash flows that happen at the beginning of each period as opposed to the series of finite but equal cash flows that happen at the conclusion of a regular annuity.
An annuity due, in which installments are made at the start of each period, is the opposite of a ordinary annuity. Despite being connected, these two payment schedules are not identical to the financial instrument known as an annuity.
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Complete Question:
A firm plans to make investments of $5,000 for the next 10 years, paying the amount at the end of each year. This form of cash flow pattern represents a(n) _____.
a.annuity due b.ordinary annuity c.immediate annuity d.uneven cash flow stream e.lump-sum payment
a decrease in the money supply might indicate that the fed had a. purchased bonds in an attempt to increase the federal funds rate. b. purchased bonds in an attempt to reduce the federal funds rate. c. sold bonds in an attempt to increase the federal funds rate. d. sold bonds in an attempt to reduce the federal funds rate.
The Fed may have sold bonds in an effort to lower the federal funds rate if there was a decline in the money supply.
A bond is a fixed-income investment that simulates a loan from a shareholder to a borrower (typically corporate or governmental). An I.O.U. between the lender and borrower that specifies the terms of the loan and its instalments is what is meant by a bond. Businesses, local governments, states, and other types of government use bonds to finance their operations and capital expenditures. The holders of bonds are the issuer's creditors or debtors.
Bond specifics typically include the conditions for the borrower's variable or fixed interest payments as well as the end date by which the loan's principal is needed to be paid to the bond owner.
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explain why businesses give different types of discounts
Answer:
Consumers are attracted by discounts and tend to share them via word-of-mouth—an efficient way to reach new customers while keeping customer acquisition costs in check.
Explanation:
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a corporation makes a payment of $ million at the end of 2017 for services rendered by a large database company. with an annual interest rate of %, what annual payments at the end of years 2017 through will be equivalent to $ million at the end of 2017?
Required PMT is almost $564,334 when Present value (PV) is $2,650,000, Rate (r) is 11% and Time (n) is 6 in the given data.
Given that -
Present value (PV) = $2,650,000
Rate (r) = 11% = 0.11
Time (n) = 6
To Find -
Required PMT
PV= PMT {{1- (1+r)^-n}/r} {1+r}
$2,650,000= PMT * {{1- (1+0.11)^-6}/0.11} {1+0.11}
$2,650,000= PMT *4.6958
PMT= $564,334 (Approx)
Hence, Required PMT is almost $564,334
Here is the complete question-
A corporation makes a payment of $2.65 million at the end of 2017 for services rendered by a large database company. With an annual interest rate of 11%, what annual payments at the end of years 2017 through 2022 will be equivalent to $2.65 million at the end of 2017?
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If the yield to maturity of all of the following bonds is 6%, which will trade at the greatest premium per $100 face value?.
A bond with a $1,000 face value, five years to maturity, and 6.3% annual coupon payments will be trade at the greatest premium per $100 face value.
Trade refers to the voluntary trade of goods or offerings between monetary actors. whilst you don't forget that transactions are consensual, change is commonly taken into consideration to advantage of every event. In finance, buying and selling refer to purchasing and selling securities or specific belongings.
Trade is vital to the USA's prosperity - fueling monetary increase, assisting the right jobs at domestic, raising residing requirements, and assisting Americans to provide for their households with low-value items and services.
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How can how technological trends can affect my pharmacy business (examples) 1 paragraph please.
The way in which technological trends can affect a pharmacy business is through the use of machine learning.
What is Machine Learning?This refers to the part of artificial intelligence or AI that has to do with the use of data in order to execute tasks in a human-intelligent manner.
Hence, we can see that in order to include technological trends in the pharmacy, one would have to use machine learning and this would help him to make use of smart products that can help to give accurate prescriptions and drug dosage.
It can also help the pharmacy owner to monitor patient safety.
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amalia owns property and gladly allows her friend sophie to use the land, reserving for herself the right to periodic inspections. in order to maintain her interest, amalia should give sophie: select one: a. a license. b. a right of way. c. an easement appurtenant. d. an easement in gross.
In order to maintain her interest, amalia should give sophie A. license.
A license allows you to use the land. Amalia has the authority to revoke the license. Amalia could use a lease in the real world, depending on the use of the property.
A property licence is required for some privately rented homes in London. If your rented home requires a license, it is your landlord's responsibility to obtain it. Having the proper property licence is a legal requirement that proves the property is fit for occupation and managed to an acceptable standard.
If you are a tenant and are concerned that your landlord is not meeting their legal obligations, you should check to see if they have obtained the necessary license.
If they haven't, or if you believe they are violating the terms of the license, you may be able to get some of your rent back.
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Four years ago ollie deposited some money into an account. He earned 5 percent interest on this account and now it has a balance of $303. 88. About how much money did ollie deposit into his account when he opened it?.
About $250 did ollie deposit into his account when he opened the bank account again.
Present value = Future value/ (1+interest rate)^time
= $303.88 /(1+0.05)^4
= $303.88 / 1.2155
= $250
Thus, Matt deposited $250 into the account when he first opened it.
Money kept in a bank is referred to in the financial lexicon as a deposit. A deposit is a transaction in which money is transferred to a different party for safekeeping. Yet another definition of a deposit is a sum of money used as security or collateral for the delivery of an item.Transferring money to a third party, such a bank, for safekeeping constitutes a different type of deposit.There are two definitions for a deposit. One type of deposit entails transferring money to a different party for safekeeping. According to this definition, a deposit is cash added by an investor to a savings or checking account kept at a bank or credit union.Learn more about Deposit, here
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__________ _________ compare alternatives by determing the qualitative factors that should be included as part of the decision, assigning weights related to their importance, and then ranking different alternatives to allow comparisons.
Qualitative and quantitative compare alternatives by determing the qualitative factors that should be included as part of the decision, then ranking different alternatives to allow comparisons.
Numbers are used to express measures of values or counts in quantitative data.
Data concerning numerical variables make up quantitative data (e.g. how many; how much; or how often).
A name, a symbol, or a numerical code can be used to represent qualitative data, which are measures of "types."
Data on categorical variables are considered qualitative data.
To acquire a complete picture of a population, qualitative and quantitative data are frequently combined because they produce distinct results. For instance, if annual income statistics (quantitative) are obtained, occupation data (qualitative) could also be collected to learn more specifics about the average annual income for each type of occupation.
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abc mfg co has estimated breakeven volume of 50,000 units for its new widget. if fixed costs are $100,000 and unit variable cost is $18.00, what is the $ bep?
Abc mfg co has estimated breakeven volume of 50,000 units for its new widget. if fixed costs are $100,000 and unit variable cost is $18.00, what is the $1,000,000.
What is breakeven?
The break-even point (BEP) is the point at which total costs and total revenues are equal, or "even," in economics, business, and specifically cost accounting. Although opportunity expenses have been paid and capital had also received the risk-adjusted, expected return, there is no net gain or loss and one has "broken even". In other words, all necessary expenses have been covered, and there is no profit or loss. The break-even point (BEP) as well as break-even level denotes the volume of sales necessary to cover all costs, including both fixed and variable costs to the company, either in unit (quantity) or revenue (sales) terms. At the break-even point, there is no overall profit. A company can only surpass the break-even point unless sales are more expensive than variable costs per unit.
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you make $10.25 per hour. you have 71/2% of your total pay taken out of your check for your 401k retirement plan. how much will be taken out for your 401k if you work 47 hours this week? you get paid time-and-a-half for all hours over 40.
If you work 47 hours this week and make $10.25 an hour, $38.82 will be deducted from your paycheck for your 401(k) retirement plan, or 71/2% of your total compensation.
Given:
Pay Per Hour: $10.25
Bonus: $15.375 for every hour worked over forty hours.
Total Hour worked: 47 Hours
Percentage deductible: 7.5%
Total Pay thus =
(40 *10.25) + (7 *15.375)
= $517.625
Total 401 K deduction thus, =
7.5% * 517.625
401K Deduction total = $38.82
The process of retirement planning entails identifying desired levels of retirement income and the necessary resources. Identifying income sources, estimating expenses, putting a savings strategy in place, and compensation managing assets and risk are all part of retirement planning. Estimated future cash flows are used to determine whether the target retirement income is realistic.
You can begin whenever you choose, but it will work best if you retirement plan incorporate it into your financial planning as soon as feasible. That's the best method to guarantee a risk-free, secure, and enjoyable retirement. It makes sense to focus on the important and compensation somewhat dull phase of the process—planning your route—because that's when the pleasure begins.
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in the context of outsourcing, the process of a firm hiring another firm (often a specialized manufacturer) to manufacture its products is known as
In the context of outsourcing, the process of a firm hiring another firm (often a specialized manufacturer) to manufacture its products is known as contract manufacturing.
A contract manufacturer (CM) is a company's third-party producer of components or products. This is an example of outsourcing. A company will typically approach a CM with a prototype or product and request manufacturing pricing based on variables such as procedures, human labor, manufacturing, and material costs.
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on september 1, 2024, middleton corporation lends cash and accepts a $1,000 note receivable that offers 12% interest and is due in six months. how much interest revenue will middleton corporation report during 2024?
Interest revenue will Middleton corporation report during 2024 is $40.
Interest Income is the sales or revenue earned through lending cash to different entities. The time period is typically discovered withinside the company's profits declaration to file the hobby earned at the coins held withinside the financial savings account, certificate of deposits, or different investments.
Cigar manufacturers offered through John Middleton include Black & Mild, Middleton's Cherry Blend, Gold & Mild and Prince Albert. Prince Albert cigars are to be had in Soft Cherry Vanilla and Soft & Sweet Vanilla varieties. Black & Mild is the top-promoting cigar withinside the five-% class withinside the United States, with almost a 3rd of the marketplace in 2009.
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f the demand curve for funds increases but the supply curve remains constant, then the total amount of funds supplied and demanded increase and interest rates in general also increase.
This is true that if the demand curve for funds increases but the supply curve remains constant, then the total amount of funds supplied and demanded increase and interest rates in general also increase.
A graph showing the relationship between the cost of a given good and the amount that is desired at that cost is called a demand curve. Demand curves can be applied to the price-quantity connection for a single consumer or for all consumers in a given market.
The relationship between the price of an item or service and the volume supplied over a specific time period is represented graphically by the supply curve. On the left vertical axis of a typical image will be the price, and the horizontal axis will be the quantity delivered.
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a company initiates a rights offering to all common shareholders to purchase shares at a 40% discount. all current shareholders take part and purchase the shares at the discounted price. what effect does this transaction have on the value of a shareholder's total portfolio
The transaction has no effect on total stock portfolio value of the company.
Any gain from the above discounted purchase of the shares is offset by the loss in value from the original shares held.
A shareholder is a person, organisation, or group that owns as a minimum one share of a business enterprise's stock or in a mutual fund. Shareholders basically very own the company, which comes with certain rights and obligations. This sort of ownership lets in them to reap the advantages of a business's fulfillment.
A shareholder of a company is an individual or legal entity this is registered via the enterprise as the felony proprietor of stocks of the proportion capital of a public or non-public company. Shareholders may be known as participants of a company.
Shareholders of a employer are of sorts – commonplace and favored shareholder. As their name indicates, they're the proprietors of a business enterprise's common shares. those people revel in vote casting rights over topics regarding the organization.
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What law reduced the average tariff on imported goods to about 30 percent of the value of the goods?.
Underwood Tariff Act law reduced the average tariff on imported goods to about 30 percent of the value of the goods.
With the Underwood Tariff Act or the Underwood-Simmons Act (ch. 16, 38 Stat. 114), the federal income tax was reinstated in the United States and tariff rates were significantly reduced. The 63rd United States Congress approved the act, which Representative Oscar Underwood sponsored. A product or service that was made overseas and was bought in your native nation is an import. When native industries are unable to produce comparable goods and services affordably or effectively, imported goods are appealing. Any resources, products, or services that manufacturers sell to consumers abroad are considered imported goods. The Underwood Tariff Act, passed in 1913 as the centerpiece of the "New Freedom" platform that President Woodrow Wilson had championed in his successful run, represents the pinnacle of progressive reform of tariffs.
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the aw values of three cost alternatives are $−23,000 for alternative a, $−21,600 for b, and $−27,300 for c. on the basis of these results, the decision is to
The AW upsides for the three expenditure alternatives are optional A ($23,300), B ($21,600), and C ($27,300). The decision is to choose elective B based on these results.
The operational costs a business bears in order to make money expenditure are referred to as expenses. Simply put, it is the amount of money necessary to acquire anything. According to a proverb, "making money costs money."
Paying suppliers, paying employees, leasing facilities, and depreciating equipment are examples of frequent AW costs. To reduce their taxable income and therefore their tax liability, businesses are permitted to deduct tax-deductible expenses on their income tax returns; however, expenditure the Internal Revenue Service (IRS) sets tight guidelines on which expenses firms are permitted to claim as a deduction.
In their income statements, businesses break out their revenues and costs. One of two accounting methods—cash basis or AW accrual basis—is used by accountants to record expenses. Costs are documented when they are paid in cash basis accounting. In contrast, expenses are recorded using the accrual technique as soon as they are incurred.
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The complete question is
The AW values of three cost alternatives are S-23,000 for alternative A, $-21,600 for B, and S 27,300 for C. On the basis of these results, the decision is to:
(a) select alternative A
(b) select alternative B
(c) select alternative C
(d) select the Do Nothing alternative
which one of the following bonds is the least sensitive to changes in market interest rates? multiple choice zero coupon, 10 year 6 percent annual coupon, 10 year zero coupon, 4 year 8 percent annual coupon, 4 year 6 percent annual coupon, 4 year
A short-time period bond that can pay hobby yearly is much less touchy than a zero-coupon bond of the equal adulthood as it can pay hobby to its traders yearly, which removes hobby charge risk.
The required details for Short-time period bonds in given paragraph
Short-time period bonds are bonds that mature in a single to 4 years. When a bond reaches adulthood, which means the bond company have to repay the bond, or pay lower back your foremost funding or the bond's face value. Short-time period bonds are bonds that mature in a single to 4 years. When a bond reaches adulthood, which means the bond company have to repay the bond, or pay lower back your foremost funding or the bond’s face value.
When you coins in a mature bond, you’ll get lower back your foremost funding together with any hobby earned in the course of the bond time period. Because a bond stops incomes hobby after it matures, it’s a great concept to redeem the bond whilst it reaches adulthood.
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in order to implement a particular organizational strategy, managers must determine the right kind of organizational: (choose every correct answer.) multiple select question. structure demonstration culture performance
Managers must choose the appropriate organizational structure and culture before implementing a certain organizational plan.
What exactly are the organizational culture and structure?The organizational structure of an organization is in some ways defined by its organizational culture, but the culture is also somewhat defined by the structure. It is also possible to argue that while the culture determines how the business should be built, the structure serves as a framework for its implementation.
Why are corporate culture and structure important?By fostering a positive corporate culture, organizations can inspire their workforce, assist them in realizing their potential, and provide consistency and guidance. Long-term employees might not always be aware of organizational culture, despite the fact that it is a crucial aspect of a business.
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which term describes the inability of a market to bring about the allocation of resources that best satisfies the wants of society? multiple choice question. imperfect competition market failure economic recession consumer deficit
Market failure describes the inability of a market to bring about the allocation of resources that best satisfies the wants of society.
The suboptimal dispersion of products and services in the free market is known as the market failure. In a typical free market, the supply and demand factors ascertain the prices of products and services, and any change in any of the force's effects in a change in price and a subsequent change in the other. The price equilibrium has been reached as a consequence of the changes.
Market failure takes place when the market is outside of equilibration as a result of market disturbance. It happens whenever the number of products or services provided is inadequate to satisfy the quantity of products or services demanded. Monopoly, price controls, basic wage criteria, and regulatory changes are all examples of market failure.
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Market failure describes the inability of a market to bring about the allocation of resources that best satisfies the wants of society.
Market failure is characterized in macroeconomics as a scenario where the distribution of goods and services by a market economy is not Perfectly efficient, often causing a net loss in economic value. Market failures can be described as situations wherein the individual people' quest of pure self-interest gives rise to unproductive results that can be enhanced from a social and economic point of view.
The term market failure was first used by economic experts in 1958, but the idea can be traced all the way back to the Victorian philosopher Henry Sidgwick. Essential services, time-inconsistent preferences, imperfect information, non-competitive markets, principal-agent problems, or economic effects are typically associated with market imperfections.
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frank, a marketing manager, has often noticed that his team members do not communicate with each other and are rarely present for team meetings. he also noticed that his team's productivity is considerably low. this scenario illustrates that frank's team lacks . a. cohesiveness b. diversity c. autonomy d. leadership
As a marketing manager, Frank has frequently seen that his team members lack communication with one another and infrequently show up for team meetings. He also observed that the output of his team is noticeably poor. This situation demonstrates how Frank's squad is lacking in cohesiveness.
Information can be sent and received through communication devices or face-to-face interactions between individuals or groups of people. A sender, or the individual who begins communication, must transfer their thoughts or encode a message in order for communication to occur. The receiver is the one who gets this message, and the receiver is the one who must decode (or understand) the message. It is more difficult despite how simple it seems.
Language uses signs and symbols and is unique to the culture that uses it to talk and write. A common language and comprehension of basic ideas are necessary for effective communication. Additionally, it's crucial to keep in mind that a recipient can perceive a message differently than the sender intended.
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