It might be challenging to decide whether to owning home or renting . If you are unsure of how long you will be staying in a city, renting a home makes sense.
owning a home in a city where you won't be spending much time is pointless. For individuals who want to live in a luxurious apartment but may not be able to afford to buy one, renting a home is a possibility. Additionally, major repairs like cracked floors and other issues are not the responsibility of the renter in a rental residence. The benefits of renting a home Big investments are not necessary: When renting, you must sign a contract that usually has an expiration date.
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you're on the store marketing team for a discount store that has 10 franchise locations. each franchisee has a budget and wants to allocate money toward promoting their location and driving in-store traffic. what recommendation would you make
The recommendation you would make is set one campaign per location, set one campaign per region and set one campaign per country.
What is a campaign?A campaign is a promotional effort made over a predetermined period of time based on the same strategy and original concept, with the aim of achieving a marketing objective that may have an impact on sales. Email marketing campaigns are one of the campaign kinds that are most frequently used in digital marketing. In this instance, the measurement is equally crucial to the recipients' understanding as the presentation and the information. Measurement of the effectiveness of the efforts put forth and comparison with the results attained is crucial in any campaign directed at a website. For this, campaign parameters that are inserted into all outbound links of the campaign (either from emails or from other websites) are utilized with the intention of being recognized by web analytics software.
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an outstanding check is one that has been issued but not yet reported on a bank statement. t or f
A check that has been issued but has not yet been reflected on the bank's statement is known as an outstanding check. The person authorized to sign checks must sign the signature card provided by the bank.
A memorandum is the source document for a debit card purchase.
What exactly is an unpaid check?
Incomplete Checks a check that has been written but not yet presented for payment to the bank. An unpaid deposit a deposit that has been made and entered into the checkbook, but the bank statement has not yet been produced.
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if no one can live without groceries, then why do they cost less than big-screen tvs that no one really needs?
Answer:
Although the demand is higher for groceries than for TV's, supply is much greater for groceries. (Price is a function of both supply and demand.
if the cash basis rather than the accrual basis had been used, would an adjusting entry have been necessary? explain.
Revenues are only recorded when cash is received when using the cash basis of accounting.
Date Specific Debit Credit.
31 December Amount Receivable: $59,500
December 31 Fess earned $59,500
No, the adjustment is not recorded as fees collected in cash-based accounting.
We won't ever be noted in the adjustment entry if the relevant entry is a cash entry.
Revenues and expenses are recorded on a cash basis, which means they are paid as they are incurred. Accounts payable and receivable are not taken into account by this procedure.
Because they include all of an entity's operations during the reporting period, accrual basis financial statements are more useful as sources of information than cash-based financial statements: Even though it hasn't yet been paid out in cash, revenue that was made is acknowledged, along with expenses as they are spent.
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The complete question is:
At the end of the current year, $59,500 of fees have been earned but have not been billed to clients. Required: A. Journalize the adjusting entry to record the accrued fees on December 31. Refer to the Chart of Accounts for exact wording of account titles. B. If the cash basis rather than the accrual basis had been used, would an adjusting entry have been necessary?
there are four elements necessary for a gift: delivery, donative intent, acceptance, and monetary valuation. true false
It is false that there are four elements necessary for a gift: delivery, donative intent, acceptance, and monetary valuation.
A gift must include all four of the following: delivery, charitable motive, acceptance, and monetary valuation. In general, a promise to make a gift is enforceable.
the deliberate wish to give something as a present, as opposed to giving something as a gift unintentionally or under duress. A contractual relationship may not be formed when a donor makes a gift with the intention of making a donation.
Both kinds of presents share three requirements that must be fulfilled in order for the gift to be considered valid by the law: the recipient must receive the gift, it must be delivered to the recipient, and it must be accepted.
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in comparing bonds with notes, bonds are typically issued to a single lender while notes are issued to many lenders. t or f
Term bonds are True Bonds that require full principle repayment at a single maturity date. The vast majority of bonds require full payment at one maturity date.
Which theory best explains why a company could generate more revenue with debt than it would without it?Leverage is a form of investing strategy used to raise the possible return on an investment. It involves using various financial instruments or borrowed funds. Leverage can also refer to how much debt a company utilizes to finance its assets.
What explains the polar opposite relationship between bond prices and interest rates?Interest rates and bond prices are at odds with one another. Bond prices decrease when rates rise. Other than that
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a small business estimates price elasticity of demand for the product to be 3. to raise total revenue, owners should
If a small business estimates price elasticity of demand for the product to be 3, hence, to raise total revenue, owners should decrease price as demand is elastic. (Option A)
Price elasticity of demand refers to ratio of the percentage change in quantity demanded of a product to the percentage change in price. It is used by economists to understand how supply and demand change when a product's price changes and vice versa. In other words, a product's price elasticity of demand is a measure of sensitivity of the quantity demanded to its price. Hence, when the price rises, quantity demanded falls for almost any products, however the reduction may be more for some products than for others. As in the given scenario, as the demand is elastic, the owner should decrease price to raise total revenue.
Note: The question is incomplete as it is missing options which are A. decrease price as demand is elastic. B. decrease price as demand is inelastic. C. increase price as demand is elastic. D. increase price as demand is inelastic. E. do nothing; they are already maximizing total revenue.
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peter drucker is credited with providing the first modern handbook on the subject of . multiple choice question. production finance management sales
Option D is the correct answer. The very first modern management handbook is attributed to Peter Drucker.
What does management mean?The process of completing the labour or task necessary for accomplishing an organization's goals in an effective and efficient way is referred to as management. The procedure implies the management duties.Planning, organising, staffing, directing, and managing are therefore involved.What makes management crucial?Simply said, firms wouldn't succeed without managers. By creating growth with high-performing teams, managers play a significant role in the sector. Overall, managers will always be a key component of every organisation because of their involvement in activities like hiring and training new personnel as well as decision-making.The process of completing the labour or task necessary for accomplishing an organization's goals in an effective and efficient way is referred to as management.Option D is the correct answer. Peter Drucker is credited with providing the first modern handbook on the subject of management.
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sam has decided to implement an od effort in his division to change the attitudes, stereotypes, and perceptions that several of the units have of each other. he wants to focus the training on the differences among the units. what type of od effort is sam implementing?
Sam has decided to implement an OD effort in his division to change the attitudes, stereotypes, and perceptions shared by several units. He focuses on the training on the differences among the teams. Sam is implementing intergroup development.
Intergroup development is an organizational development that decreases dysfunctional competition between the units or teams in the organization. It initiates cooperation and efficiency of employees. It unites various teams in an organization on the basis of common goals and a holistic commitment towards the organization. It focuses on establishing and improving rapport and communication between the employees.
Intergroup development works on building a team relation between the various units of employees in an organization. Intergroup development is helpful in reducing conflicts between the teams and promotes integration.
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1)health organizations need both effective leadership and good management to be successful. explain how strong individual leadership traits translate into being an effective manager.
The qualities to make the strong individual leadership traits translate into being an effective manager.
What is leadership small definition?
in general term, leadership refers the one in the charge, the person who convinces other people to follow.
Here we need to find the strong individual leadership traits translate into being an effective manager.
As we already know that, the health organizations need both effective leadership and good management to be successful.
Here we have list down the strong individual leadership traits that make the person to be an effective manager.
The person must have More trust and confidence among employeesWho has the Ability to thrive through adversityAble to adapt the situation and take the quick decisionAsk for more responsibilitiesEncourage Risk-Taking and InnovationTo know more about Leadership here.
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suppose equilibrium real gdp is currently at $800 billion and investment is $100 billion. if an increase in the interest rate reduces investment from $100 billion to $75 billion, and the mpc is 0.8, the new level of equilibrium real gdp will be:
The new level of equilibrium real gdp will be $675 billion if a rise in interest rates causes investment to drop from $100 billion to $75 billion and the mpc is 0.8.
An initial shift in investment's impact on GDP is measured by the investment multiplier. It measures the relationship between changes in investment and GDP.
Multiplier = Change in investment / Change in GDP.
Therefore, the formula for changing GDP is multiplier * changing investment.
The marginal capacity to consume determines the multiplier's value (MPC). When there is a shift in disposable income, a person's income that is consumed on a marginal propensity to consume basis.
The multiplier can be calculated as follows using MPC.
multiplier=1 / (1-MPC)
The MPC value is stated as 0.8.
This formula can be used to determine the investment multiplier's value.
1/ Investment multiplier (1-0.8)
= 1/0.2 = 5
Investment multiple equals 5.
The investment falls from 100 to 75 when the interest rate rises.
Change in Investment = 75 - 100 = -25 as a result.
investment change = –25
This formula can be used to compute GDP change.
GDP Change = 5 * -25 = -125
GDP change = -125
GDP = 800 at initial equilibrium
Thus, the new GDP equilibrium level is equal to 800 - 125, or 675.
$675 billion is the new equilibrium real GDP.
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rudy's, a hair coloring product for men, recently had its logo trademarked. when must the trademark registration be renewed?
Men's hair coloring product Rudy's has registered its logo for trademark purposes. After ten years have passed since the trademark's registration date, it must be renewed.
A federal trademark has 10-year renewal periods after its initial 10-year registration period. The registrant is required to submit an affidavit confirming that the mark is still in use between the fifth and sixth years following the registration date.
Trademarks have no specified expiration date, unlike patents and copyrights. As long as the owner uses a trademark, it will continue to exist. The owner of a registered trademark must continue to use it in regular commerce after the United States Patent and Trademark Office (USPTO) awards registration.
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given the human cost of unemployment, should the government do more to alleviate the suffering caused by unemployment? if the government did do more, what might be some of the potential negative consequences?
Yes, the government should definitely do more to alleviate the suffering caused by unemployment, however, it will have negative consequences such as unskilled labor force and excess supply of labor as against the actual demand.
Unemployment is among the biggest social concerns in the society. The government takes important economic decisions to bring the rates of unemployment to as low as possible. This helps in decreasing the human cost of unemployment, and also bring social harmony. However, it also has some negative effects, which have been mentioned above.
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when analytics and ads are linked, how can ads utilize conversion events from analytics?
When analytics and ads are linked, by internet and binary numbers i.e. 0 and 1 can ads utilize conversion events from analytics.
Business analytics (BA) refers to the knowledge, tools, and procedures used for ongoing, iterative analysis and investigation of previous business performance in order to generate knowledge and inform future business strategy. Business analytics is focused on creating fresh understandings of how businesses work using data and statistical techniques. Company intelligence, in contrast, has typically focused on employing a set of measures that are consistent to both evaluate past performance and direct business planning. Business analytics focuses on prediction and recommendation, whereas business intelligence focuses on description. Explanatory and predictive modeling, numerical analysis, fact-based management, and analytical modeling are frequently used in business analytics to inform decision-making. As a result, it has a close relationship to management science. Clinical information systems can be operated and managed in the healthcare industry using business analysis. It can turn medical data from an overwhelming variety of analytical techniques into informative data. Modern reporting systems that contain the patient's most recent important indicators, historical trends, and reference values can also be created using data analysis. With the aid of visual analytics that the user models to reflect reasoning, decision analytics aids human decisions.
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rough water, llc and shafer enter into a contract for the delivery of a certain number of river rafts. until the rafts are delivered and paid for, the parties have:
Rough water, llc and shafer enter into a contract for the delivery of a certain number of river rafts. until the rafts are delivered and paid for, the parties have an executory contract.
A legally enforceable agreement between two or more parties known as a contract establishes, clarifies, and regulates the parties' respective rights and obligations. A contract usually entails the exchange of products, services, cash, or a promise to exchange any of those things at a later time. The damaged party may seek legal remedies like damages or rescission in the event of a contract breach. The foundation of contract law, which is the area of the law of obligations pertaining to contracts, is the idea that agreements must be upheld. Like other aspects of private law, contract law differs from country to jurisdiction. Common law jurisdictions, civil law jurisdictions, and mixed law jurisdictions, which incorporate components of both common and civil law, can be used to categorize the various systems of contract law. Contrary to civil law and the majority of mixed law jurisdictions, which only require a meeting of the minds between the parties, common law jurisdictions frequently require consideration in order for a contract to be legitimate. There are various distinct forms of contract law with their own unique standards within the broad category of civil law nations.
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joe and his wife are both retired and they live on social security. when asked about their greatest economic worry both replied inflation. why?
when joe and his wife are both asked about their greatest economic worry both replied inflation because while people of all ages have problems, people over 65 often have a harder time because they are often on fixed incomes, unable to increase their pay overtime or bonuses.
Social Security benefits are paid to the elderly and disabled, and to their spouses, children, and survivors. A person must pay into the Social Security program while they are working and earn 40 credits in order to qualify for benefits. The amount of benefits a person receives depends on their earnings history, the year they were born, and the age when they started applying for Social Security.
A major concern for retirees is how inflation affects their purchasing power. This is true even if inflation remains low as retirees continue to spend even if their income has decreased or stopped. The Center for Retirement Research at Boston College found that retirees tend to eat less when they are not retired, although this depends on their income and health.
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1. tesla's new factory in germany is a form of: a. dynamic sales volume b. design to order c. service and product proliferation d. next shoring
The new Tesla factory in Germany is an example of dynamic sales volume.
The goal of dynamic selling is to match your sales strategy to the buying process of your customer. Hence, option a) is correct.
It takes time and effort to develop relationships with your customers and understand how they make decisions, what needs to happen, and when it needs to happen. Developing relationships to close deals isn't a new concept. We all remember relationship selling. However, there is one significant difference that gives sellers who use dynamic selling an advantage.
Every customer (or group of customers when selling into a business) has a unique decision-making and purchasing process, which is why the selling process must be adaptable to their requirements.
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Which of the following choices incur speculative risk?
Ο stocks
Ο fire insurance on a house
Ο options
Ο life insurance
Ο high-interest savings account
Answer: stock are speculative
Explanation:
The option given that can incur speculative risk is option a. stocks.
What is speculative risk?The likelihood that an investment won't increase in value is known as speculative risk. Speculative risks are deliberate decisions, not merely the outcome of uncontrollable events.
Stocks are therefore one of the best known investments that have speculative risk because one cannot be sure of their increment in value, or their decrease in same.
Things like options and life insurance do not have speculative risk as they are based on choices and regular payments.
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thomas smith, a registered agent of xyz broker-dealer, believed that his client's security was overvalued. if smith exaggerated the amount by which the security was overpriced to protect the client from a downturn in the price of the security, each of the following statements is true except a) smith acted in a dishonest and unethical manner b) smith made an untrue statement in connection with the sale of a security c) smith engaged in fraud in connection with the sale of a security d) smith provided investment advice while acting in a sales capacity, which is a prohibited practice
A broker-dealer (B-D) is a character or company in the business of shopping for and selling securities for its own account or on behalf of its customers. The time period broker-dealer is used in U.S. securities legislation parlance to describe stock brokerages because most of them act as each sellers and principals.
What Are Examples of Brokers-Dealers?Some of the most frequent broker-dealers are Charles-Schwab, E-Trade, and TD Ameritrade. Some of these, like Charles-Schwab, are full-scale monetary services firms, whilst E-Trade and TD Ameritrade are particularly online brokerage firms.
What's the difference between a broker and dealer?Technically, a dealer is in the enterprise of buying and selling securities on behalf of its clients, and a dealer buys and sells securities for its very own account. A broker-dealer does both. Broker-dealers might also enchantment to traders who desire to be greater proactive in managing their own portfolios.
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https://brainly.com/question/30034770#SPJ4jan's company is reviewing how various media reach customers in finland. which element of the marketing mix is the company concerned with?
Jan's business is analyzing how various media outlets reach Finnish customers. This component of the marketing mix is connected to product characteristics, distribution strategy, communication strategy, and price strategy.
The marketing strategies that a company will use to sell its products or services are called the elements of a marketing mix. The following five factors should be taken into account: product, pricing, venue, promotion, and people. Find out more about how these components might improve the success of a company's marketing efforts.
The marketing mix makes it simpler to comprehend the possible advantages your product or service could have for customers. helps develop a successful product offering. helps in the creation, organization, and implementation of effective marketing activities. helps businesses use their advantages and cut unnecessary costs.
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a coupon bond that pays interest of 4% annually has a par value of $1,000, matures in 5 years, and is selling today at $850. the actual yield to maturity on this bond is .
A coupon bond that pays interest of 4% annually has a par value of $1,000, matures in 5 years, and is selling today at $850. The actual yield to maturity on this bond is 9.6%.
1. Face value (FV) 1,000
2 Coupon rate 4.00%
3 Number of compounding periods per year
1*2/3 Interest per period (PMT) 40.00
Bond price (PV) $ (785.00)
4 Number of years to maturity = 5
5 = 4*3 Number of compounding periods till maturity (NPER) = 5
Bond yield to maturity RATE(NPER,PMT,PV,FV)
Bond yield to maturity 9.6%
The predicted rate of return from keeping a bond until its eventual maturity is known as yield to maturity. Both capital gains and interest payments are taken into account when calculating yield to maturity. Additionally, there is an inverse relationship between yield to maturity and bound value.
The term "yield to maturity" (YTM) refers to the overall rate of return that is anticipated from a bond once all of its future interest payments have been made and the bond's initial principal has been repaid.
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sarah is taking out a $24,400, four-year new-car loan with an apr 6.88%. what is the finance charge for this loan? round to the earest hundred dollars.
The finance fee is calculated as $6715 using the APR, loan amount, and term.
What does a loan's financing fee entail?The financing fee is the sum that the loan's lender deducts as compensation.
A finance charge is the total interest and loan fees you would be required to pay throughout the course of your mortgage loan. This includes all pre-paid loans and is based on the premise that you hold the loan until it matures (at which point the final payment is due).
Given:
The loan's main balance is $24,400.
The loan's term (in time) is four years.
6.88% is the annual percentage rate, or APR.
Required:
the loan's financing fee.
Solution:
Finance charge is calculated as follows: Principal x Rate x Time
Therefore;
Finance charge: ($24,400 x 0.0688 x 4) = $6714.88 $6715.
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Depreciation is the process of allocating the cost of a plant asset over its useful life in a(n)
a) systematic and rational manner
b) conservative market-based manner
c) equal and equitable manner
d) accelerated and accurate manner
Depreciation is the process of allocating the cost of the plant asset over its useful life in the systematic and the rational manner so the correct option is A.
Depreciation is the method for allocating the cost of tangible asset over its useful life. Businesses depreciate with long-term assets for both the tax and the accounting purposes. For tax purposes, depreciation is an expense that can be used to reduce taxes. For accounting purposes, the depreciation expense reduces the value of the asset on the balance sheet. Assets are depreciated over their useful lives, which is the estimated amount of time that the asset can be used to generate income for the business. Different assets have different useful lives, which can range from a few months to several years. At the end of the useful life, the asset is fully depreciated and no further depreciation is recorded.
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7.which term describes sampling performed on goods that already exists to determine what percentage of products conform to specifications
The term that refers to sampling performed on goods that already exist to determine what percentage of products conform to specifications is acceptance sampling. Hence, the correct option is (A).
What is Acceptance Sampling?Acceptance sampling is one of the activities carried out in manufacturing companies and aims to carry out quality control. This acceptance sampling uses statistical measurements and the results of this acceptance sampling will determine what percentage of products conform to specifications. Acceptance sampling itself is carried out by companies to save costs because a company cannot possibly test the quality of each product one by one.
The question is incomplete, but most probably your question was:
The term that refers to sampling performed on goods that already exist to determine what percentage of products conform to specifications is
A. Acceptance sampling
B. Statistic sampling
C. Continuous sampling
Hence, the correct option is (A).
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at the beginning of the video, ava does not properly follow the third step of the formal decision-making process. what did she do wrong?
Because Ava ordered an evacuation right away, she fails to correctly follow the third step of the formal decision-making process. Thus, the correct answer to this question is "she quickly jumped to the solution of ordering an evacuation", which is E.
The video "A Hurricane of Choice" inspired this question. There was a hurricane approaching, and instead of going through the third step of the formal decision-making process to determine the best course of action, Ava demanded a solution right away, which was to order an evacuation.
It is preferable to stick to a decision-making process as much as possible since it allows one to analyze many courses of action and choose the optimal one for the scenario.
This question should be provided with answer choices, which are:
A. She failed to identify what the problem was. B. She did not measure the success of the evacuation. C. She failed to make an initial decision. D. She did not follow the proper decision-making hierarchy outlined by the government. E. She quickly jumped to the solution of ordering an evacuation.The correct answer is E.
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an operation has decided to purchase cut lettuce for salads rather than cutting the lettuce themselves. what is the benefit of doing this?
An operation has decided to purchase cut lettuce for salads rather than cutting the lettuce themselves. This. brings benefit to prevent cross contamination.
About Cross-contaminationCross contamination is the transfer of bacteria or microorganisms from one substance to another. This condition also contributes to many diseases in this world.
Types of cross-contaminationThere are various types of cross-contamination in food that can lead to disease. the following types:
1. Between food
Mixing contaminated food with other food can result in cross-contamination between food. This allows harmful bacteria to spread and enter the body when we consume them. Foods that are not perfectly cooked, raw or not washed properly are prone to contain disease-causing bacteria such as Salmonella, Clostridium perfringens, Campylobacter, Staphylococcus aureus, E. coli, and Listeria monocytogenes.
Foods at the highest risk of bacterial contamination include green vegetables, bean sprouts, leftover rice, unpasteurized milk, soft cheeses and deli meats, as well as raw eggs, poultry, meat and seafood. In addition, leftover food stored in the refrigerator for too long can cause bacterial overgrowth.
2. From equipment to food
Cross-contamination from equipment to food is prone to occur. Bacteria can survive for a long time on surfaces such as countertops, utensils, cutting boards, storage containers, and food manufacturing equipment. When equipment is not properly cleaned or unknowingly contaminated with bacteria, it can transfer harmful bacteria to food. For example, using the same cutting board and knife to cut raw meat and vegetables can be dangerous if those vegetables are then consumed raw.
3. From humans to food
When processing food, humans can easily transfer bacteria from the body or clothing. For example, a person who coughs while cooking can cause droplets containing the bacteria they secrete to reach the food being processed. The most common examples include using a cell phone full of bacteria while cooking or wiping hands with a dirty apron or towel. This can contaminate hands and spread bacteria to the food or utensils we touch. To reduce this risk, we are advised to wash our hands as often as possible.
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given the following cash flows: initial investment at time 0: $400,000 net cash inflows: time 1: $20,000; time 2: $70,000; time 3: $110,000; time 4: $200,000; time 5: $400,000. (please note that time 0 is the start of year 1 and time n is the end of year n - for example time 5 is the end of year 5.) what is the payback period?
Over a represents a total, the payback period could occur. This is done in order to repay the initial investment since year three would be the last one with a balance. The investment generates a return equivalent to the initial investment during years four and five.
Cash flows:
The potential returns on some projects lead to significant cash flows, which are then used to finance other investments. Businesses calculate these money flows to determine whether an investment will produce future profits that are positive or negative as well as to determine whether it is profitable to pursue.
In contrast to the method used to achieve an even cash flow, a different formula is utilised to determine the predicted payback period. Let's list our various cash flows to determine when we'll see a return:
Time Cash flow Cumulative cash
0 - 400000 -400000
1 20000 -380000
2 70000 -310000
3 110000 -200000
4 200000 0
5 400000 400000
Three years from now it will mark the beginning of the repayment period. This is because year three is the last year in which there existed a balance that was sufficient to return the initial investment. In year 4, this investment reaches the breakeven threshold, during year 5 it produces a return corresponding to the initial investment.
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paying dividends to stockholders reduces taxable income because dividends are an expense. t or f
Answer:
False is the correct answer.
Explanation:
a profit-maximizing firm in a competitive market is currently producing and selling 1000 units of output. it has an average revenue of $13, and an average cost of $8. what is its marginal revenue?
The marginal revenue of the company in a competitive market is $5.
What is marginal revenue?The increase in total revenue that results from increasing product sales by one unit is referred to as marginal revenue, a key concept in microeconomics. The total benefits a company gained from the quantity of a good or service produced during the prior period and the present period with an additional unit increase in the rate of production must be compared in order to determine the value of marginal revenue. In the context of a firm, marginal revenue is a key instrument for economic decision-making, with marginal cost also taken into account. The amount a company can charge a customer is equivalent to the additional revenue from selling one more unit of a good in a market with perfect competition.
Marginal revenue=$13-$8=$5
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if insufficient (not enough) raw materials are available to fill a production order, what process is started?
'If insufficient (not enough) raw materials are available to fill a production order, procurement process.
Procurement is a method of reviewing and agreeing to terms and purchasing goods, services, or other work from an external source, often using a tender or bidding process. When a government agency purchases goods or services through this practice, it is known as government procurement.
The procurement process includes the creation and processing of inquiries, as well as receipt of final payment and release of payment. At a high level, this includes purchasing planning, criteria, setup specifications, supplier research, selection, financing, price negotiations, and inventory management.
Procurement (or purchase) is the process by which an organization procures products or services from external parties (market supply) to facilitate production and business operations. Procurement practices can be divided into two parts: direct spending and indirect spending.
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