The company ends the fiscal year with a $10,000 cash balance, meeting the minimum cash balance requirement. The company can borrow up to $80,000 at a quarterly interest rate of 3%.
Based on the given information, here is a budget for the upcoming fiscal year:
Cash Balance:
Beginning cash balance: $20,000
Minimum cash balance required: $10,000
Therefore, the available cash for the company for the upcoming year is $10,000.
Quarter 1:
Cash Receipts: $180,000
Cash Disbursements: $260,000
Net Cash Flow: -$80,000
Ending Cash Balance: -$70,000 (deficit)
Quarter 2:
Cash Receipts: $330,000
Cash Disbursements: $230,000
Net Cash Flow: $100,000
Ending Cash Balance: $30,000
Quarter 3:
Cash Receipts: $210,000
Cash Disbursements: $220,000
Net Cash Flow: -$10,000
Ending Cash Balance: $20,000
Quarter 4:
Cash Receipts: $230,000
Cash Disbursements: $240,000
Net Cash Flow: -$10,000
Ending Cash Balance: $10,000
Overall, the company ends the fiscal year with a $10,000 cash balance, meeting the minimum cash balance requirement. However, during the first quarter, the company experiences a cash deficit and would need to borrow from the bank to cover its expenses.
The company can borrow up to $80,000 at a quarterly interest rate of 3%. The interest payment is due at the end of the quarter in which the principal amount is repaid. The company may repay the loan or any part of it at the end of any quarter.
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Which of the following advertising strategies BEST illustrates an attempt to persuade people through the central route? Group of answer choices Research is presented demonstrating that a particular moisturizing cream is more effective than other products. An attractive woman is shown eating a gourmet brand of chocolate. A famous athlete claims that she loves drinking a particular brand of soda. A salesman takes a prospective client out to a nice dinner and a strip club to convince him to buy his product.
The advertising strategy that BEST illustrates an attempt to persuade people through the central route is: Research is presented demonstrating that a particular moisturizing cream is more effective than other products.
What is the central route in persuasive communication?
The central route of persuasive communication is a method of persuasion that involves presenting the intended audience with a logical and detailed argument to try to influence their attitudes and beliefs. This approach focuses on informing the audience and providing them with information so that they can rationally evaluate the information and come to an informed decision.
How is the central route different from the peripheral route?
The central route is different from the peripheral route in that the latter involves more superficial cues such as attractive models, celebrities, humor, and other emotional appeals to capture the audience's attention and sway their attitudes and beliefs without necessarily requiring a lot of in-depth analysis or critical thinking.In light of the above explanation, the advertising strategy that BEST illustrates an attempt to persuade people through the central route is: Research is presented demonstrating that a particular moisturizing cream is more effective than other products. This is because it involves providing consumers with factual information that they can use to make an informed decision, and it is more likely to convince them through the central route by appealing to their logical and rational side rather than emotional appeals like humor or celebrity endorsements.
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you have an option to throw a die up to two times. you will earn the face value of the die. you are free to stop after each throw and walk away with the money earned. the earnings are not additive. what is the expected payoff of this game?
The expected payoff of this game is 3.5.
To calculate the expected payoff of this game, we need to find the expected value of each throw and then choose the highest expected value between stopping after the first throw or taking the second throw.
The expected value of a single throw of a fair die is (1+2+3+4+5+6)/6 = 3.5.
If we choose to stop after the first throw, the expected payoff is 3.5.
If we choose to roll the die a second time, the expected payoff for the second roll is also 3.5, since the expected value of a single throw is the same for each roll of the die.
To find the overall expected payoff, we need to compare the expected payoff of stopping after the first roll (3.5) to the expected payoff of rolling the die a second time and then stopping (3.5).
Since the expected value of each throw is the same, the expected payoff of the game is simply the average of these two expected payoffs, which is (3.5 + 3.5) / 2 = 3.5.
Therefore, the expected payoff of this game is 3.5.
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Suppose that you have begun to gather some demographic data in order to project the potential sales of a new development project. The developer hopes to be able to target the following household types who fall in the age 55 and up housing market: seniors employed part time; seniors retired / not in assisted living. Utilizing the following population information, determine the core market share that the development project is targeting with this project: total senior households: 25,000, seniors employed full time: 8,000; seniors employed part time: 2.500, seniors retired / not in assisted living: 12.000, seniors retired / in assisted living: 2.500 0 0 0 0
The core market share that the development project is targeting with this project is 58%.
Demographic data collection and sales projection The collection of demographic data is critical in determining the market potential of a new development project. Demographic data typically includes statistical data that can be used to infer the population's age, gender, income level, and education level .The developer is targeting two household types who fall in the age 55 and up housing market: seniors employed part-time and seniors retired/not in assisted living. Using the population data provided, determine the core market share that the development project is targeting with this project. In order to determine the target core market share of the development project, we need to calculate the percentage of senior households that the two household types targeted by the developer make up.The number of senior households in the sample is 25,000.
Out of this, the number of seniors employed part-time is 2,500, while the number of seniors retired/not in assisted living is 12,000. The number of seniors employed full-time is not relevant to this question because the developer is not targeting this group.
Therefore, the core market share of the development project is as follows :Core Market Share = (seniors employed part-time + seniors retired/not in assisted living) / total senior households Core Market Share = (2,500 + 12,000) / 25,000Core Market Share = 14,500 / 25,000Core Market Share = 58%
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For each of the following transactions, show the two entries in the US balance of payments. For each entry, indicate whether it appears in CA (the current account) or KFA (the capital and financial account). Show if each entry is a debit (-) or a credit (+). For entries in KFA, choose the appropriate explanation from the following four possibilities: i) increase in US-owned assets abroad (increase in US claims on foreigners), ii) decrease in US-owned assets abroad (decrease in US claims on foreigners), iii) increase in foreign-owned assets in the US (increase in foreign claims on the US), iv) decrease in foreign-owned assets in the US (decrease in foreign claims on the US).
A. (3 points) A US exporter sells a car to a German importer. The importer pays with a dollar denominated check drawn on a US bank account.
For the given transaction, the two entries in the US balance of payments, along with whether they appear in CA (the current account) or KFA (the capital and financial account) and whether each entry is a debit (-) or a credit (+)
Transaction: A US exporter sells a car to a German importer.
The importer pays with a dollar-denominated check drawn from a US bank account.
Entry 1: Current account, Credit (+)
As the US exporter sells a car to a German importer, this transaction will lead to an inflow of dollars into the US economy. Thus, it will be a credit entry in the current account.
Entry 2: Capital and financial account
i) increase in foreign-owned assets in the US (increase in foreign claims on the US)
The German importer pays with a dollar-denominated check drawn from a US bank account.
This implies that the German importer is increasing his/her US-owned assets.
Thus, this transaction will lead to an increase in foreign-owned assets in the US, leading to an increase in foreign claims in the US.
Thus, it will be an entry in the capital and financial account: i) increase in foreign-owned assets in the US (increase in foreign claims on the US).
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the distinction between operating and nonoperating income relates toGroup of answer choices Reliability of measurements. Primary activities of the company. None of the answers are correct. Cash collections from customers. Timing of income earned.
The distinction between operating and non-operating income relates to the b. primary activities of the company
Operating income and non-operating income are separated according to the main business operations of the company. Operating income is the money made by a firm's main lines of business, whereas non-operating income comes from things like investment income and gains from asset sales that aren't really tied to the firm's main lines of business.
This distinction is crucial for financial reporting and analysis as it aids in separating the revenue produced by a business' primary operations from additional revenue streams that could be less dependable or sustainable. Because it reflects the ongoing revenue produced by the firm's main business activities, operating income is often regarded as a more trustworthy measure of a firm's financial health than non-operating income, which can be more volatile and unpredictable.
Complete Question:
The distinction between operating and nonoperating income relates to
a. Reliability of measurements.
b. Primary activities of the company.
c. Cash collections from customers.
d. Timing of income earned.
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1) An example of raw data from an automobile manufacturer would be:
a) an average of 130 Subarus sold daily in New York in 2015
b) 1,300 Subaru Outbacks sold during the first quarter 2015 in New York
c) 1 Subaru Outback sold January 7th, 2015 in Mount Kisco, New York for $25,000
d) Annual sales of Subaru Outbacks increased 4.5 percent
e) an average sale price of $26,000 for all Subaru Outbacks sold during January 2015 in Mount Kisco, New York.
2) All of the following are new technology-related trends in MIS except:
a) cloud computing
b) big data
c) IoT
d) the mobile digital platform
e) co-creation of business value
An example of raw data from an automobile manufacturer would be b) 1,300 Subaru Outbacks sold during the first quarter 2015 in New York. All of the following are new technology-related trends in MIS except e) co-creation of business value.
Raw data is often unorganized and may require some manipulation before it can be analyzed. It refers to the original data that is extracted from primary sources or any other data sources available without being processed or analyzed.
The new technology-related trends in Management Information System (MIS) are as follows:Cloud computing: Cloud computing is a revolutionary technological trend in MIS that has taken the IT world by storm. Cloud computing is the use of computing resources, such as software and storage, as a utility rather than a product, delivered to clients over the internet.Big data: Big data refers to the use of data analysis tools to identify trends, patterns, and insights in data that is too large or complex to be handled by traditional data-processing software. The analysis of big data helps organizations to enhance their decision-making capabilities and take corrective measures accordingly.IoT: The Internet of Things (IoT) is a network of physical objects embedded with sensors, software, and network connectivity that enables these objects to collect and exchange data. This trend has brought a revolution in how businesses and organizations operate, as it helps in reducing human intervention in several areas.Mobile digital platform: The mobile digital platform is a technological trend that has enabled businesses to reach their target audiences through mobile apps and websites. This trend has made it easier for businesses to communicate with their customers and offer them personalized services.
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suppose that the federal reserve sells $2 million worth of government securities to a customer of narrow bank. in the following balance sheets, show the effect of this transaction.
The Federal Reserve would cut the narrow bank's reserves by $2 million and its holdings of securities by the same amount if it sold a customer of the bank $2 million worth of government securities.
What happens to the open market interest rate?Interest rates increase and the direction of aggregate demand moves to the left when the Fed sells bonds on the open market. The Fed removes money from the economy when it sells bonds.
If the Fed sells government securities, what happens?The nation's money supply is increased when the Fed transfers funds to these institutions in order to purchase assets on the open market. Conversely, when the Fed sells government securities, these banks have less capital available to them.
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True or False: A business continuity plan will help determine the mission-essential function or the activity that serves as the core purpose of the enterprise.
True: A business continuity plan (BCP) will help determine the mission-essential function or the activity that serves as the core purpose of the enterprise.
A business continuity plan is a strategy that outlines how an organization will continue operating in the event of a significant disruptive incident. The plan describes how the company will respond to incidents, preserve essential business functions, recover IT assets and other infrastructure, and resume full operations as quickly and safely as possible.
The business continuity plan's primary goal is to ensure that the organization can continue to operate during disruption and rapidly recover afterward. The plan aims to safeguard the company's financial interests, reputation, and brand while minimizing the impact on customers, employees, vendors, and other stakeholders.
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Lonnie Flanagan's weekly gross pay is $1,250. Each week she has $64.37 in deductions, plus state tax of 2% of her gross pay, Social Security taxes of 6.2%, and Medicare taxes of 1.45%. What is her net pay?
The weekly gross salary for Lonnie Flanagan is $1,250. She deducts $64.37 from her paycheck each week in addition to the 2% state tax, 6.2% Social Security tax, and 1.45% Medicare tax. Her net pay was $1065.
How are net and gross salaries different?When all payroll deductions from an employee's gross pay have been made, the remaining pay is referred to as their net pay.
Once insurance, provident funds, and other costs have been covered, the remaining sum belongs to the employee. Among of the elements that go into calculating the gross sum include the House Rent Allowance, Conveyance Allowance, and Medical Allowance. A few of the elements that make up net income are income taxes, professional taxes, provident funds, pensions, and others.
Her salary will be:
= Gross pay - Deduction - Tax - Social security - Medicare
= $1,250 - $64.37 - (2% × $1250) - (6.2% × $1,250) - (1.45% × $1,250)
= $1,250 - $64.37 - $25 - $77.50 - $18.125
= $1,065
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within the session 06 video profile of coyote logistics, a supply chain management company, employees claim that this is a fun place to work because the attitude of:
In the session 06 video profile of Coyote Logistics, a supply chain management company, employees claim that this is a fun place to work because the attitude of the company is positive, collaborative and fast-paced.
What does Coyote Logistics do?Coyote Logistics is a leading provider of transportation and logistics services to businesses of all sizes. Coyote's business is designed to provide shippers with a seamless, reliable, and cost-effective way to get their goods from point A to point B. It specializes in the management of transportation and logistics services, providing customers with access to a wide range of transportation solutions.
What's the company's attitude?According to the video profile, Coyote Logistics is known for its positive, collaborative, and fast-paced attitude. They work hard, play hard, and foster a culture of innovation, creativity, and fun. Coyote believes that their employees are their greatest asset, and they are committed to investing in their growth and development to help them reach their full potential.
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The _____ step of the procure-to-pay cycle is ordering; the most common way it begins is thru the release of a purchase order, or simply a document that authorizes a supplier to deliver a product or service and often includes t&c, such as price, delivery, and quality reqs
"The first step of the procure-to-pay cycle is ordering; the most common way the ordering step begins is through the release of a purchase order. A purchase order (PO) is simply a document that authorizes a supplier to deliver a product or service and often includes terms and conditions, such as price, delivery, and quality requirements."
The first step of the procure-to-pay cycle is ordering, which marks the beginning of the purchasing process. The most common way to initiate the ordering step is through the release of a purchase order. A purchase order is a legal document that authorizes a supplier to deliver a product or service and contains information such as the price, delivery date, and quality requirements.
It serves as a communication tool between the buyer and supplier and helps to ensure that both parties are on the same page regarding the transaction. By having a clear and detailed purchase order in place, companies can minimize the risk of errors, misunderstandings, and disputes during the procurement process.
This question should be provided as:
The __________ of the procure-to-pay cycle is ordering; the most common way the ordering step begins is through the release of a purchase order. A purchase order (PO) is simply a document that authorizes a supplier to deliver a product or service and often includes terms and conditions, such as price, delivery, and quality requirements.Learn more about purchase order https://brainly.com/question/30225848
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Suppose that when the price of good X increases from $800 to $850, the quantity demanded of good Y increases from 65 to 70. Using the midpoint method, the cross price elasticity of demand is about 1 (25 Points) a. -1.2, and X and Y are complements. b. -0.1, and X and Y are complements c. 0.1, and X and Y are substitutes. d. 1.2, and X and Y are substitutes.
Answer: d, X, and Y are substitutes. The correct option is d.
Cross elasticity of demand is a measure that shows how the quantity demanded of one good changes in response to a change in the price of another good. The cross elasticity of demand for two goods X and Y is calculated using the following formula:
Cross elasticity of demand = % change in quantity demanded of X / % change in the price of Y
Using the midpoint formula,
% change in quantity demanded of Y = [tex](70-65)/((70+65)/2)*100% = 15/67.5*100% = 22.22%[/tex]
% change in the price of X = [tex](850-800)/((850+800)/2)*100% = 50/825*100% = 6.06[/tex]
%Using the formula for cross elasticity of demand, we get
Cross elasticity of demand =[tex]22.22% / 6.06%[/tex]= 3.66[tex]1.2[/tex]
Since the cross elasticity of demand is greater than 1, it means that X and Y are substitutes.
Hence, option (d) is correct.
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An inexperienced bookkeeper prepared the following trial balance that does not balance. Prepare a correct trial balance, assuming all account balances are normal. SHERIDAN COMPANY Trial Balance December 31, 2017 Debit Credit
Cash $22,380 Prepaid Insurance $4,610 Accounts Payable 4,080 Unearned Service Revenue 4,170 Common Stock 10,000 Retained Earnings 6,600 Dividends 7,050
Service Revenue 26,710 Salaries and Wages Expense 12,550 Rent Expense 4,970 $39,100 $64,020
Sheridan Company Trial Balance December 31, 2017
Debit Credit
Cash $22,380
Prepaid Insurance $4,610
Accounts Payable $4,080
Unearned Service Revenue $4,170
Common Stock $10,000
Retained Earnings $6,600
Dividends $7,050
Service Revenue $26,710
Salaries and Wages Expense $12,550
Rent Expense $4,970
Total $41,170
Total $41,170
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a. if, in a two-state model, a stock can take a price of 200 or 150, what would be the hedge ratio for each of the following prices: (a) $200, (b) $180, (c) $160, (d) $150?
The hedge ratio for the given prices of a stock in a two-state model would be: (a) $200: 1, (b) $180: 0.75, (c) $160: 0.5, (d) $150: 0.
What is a stock? A stock is a representation of an ownership in a corporation that represents a claim on part of the corporation's assets and earnings. Investors purchase shares of stock to gain ownership in a corporation and participate in its profits if the corporation's earnings rise, resulting in an increase in the value of the company's shares. A hedge ratio is a ratio that measures the correlation between an investor's position in a commodity or stock, as well as the risk involved. A hedge ratio is determined by comparing the change in the value of the underlying commodity or stock to the change in value of the derivative. The hedge ratio for a given set of prices for a stock in a two-state model is as follows: (a) $200: 1, (b) $180: 0.75, (c) $160: 0.5, (d) $150: 0.
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If output can be varied continuously, then firms in a perfectly competitive market maximize their profits by choosing the level of output such that..
The level of output chosen by a perfectly competitive firm in order to maximize its profits is that where marginal revenue equals marginal cost.
At this level of output, the firm is producing at its lowest possible average cost and has maximized the profits it can generate from the sale of its output. When marginal revenue equals marginal cost, the profit generated from any additional output would be lower than the profit generated from the current level of output.
Thus, the firm has no incentive to produce more output, and any additional output produced would result in losses for the firm. Consequently, the firm maximizes its profits when marginal revenue equals marginal cost.
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Creating a new product to increase margin is an example of using product implementations to achieve competitive advantage.True or false
By creating a new product, companies can increase their margins by offering a product that is differentiated from competitors. This allows them to charge a premium price and increase their margins. Thus, this statement is True.
A competitive advantage is a feature that enables a company to outperform its competitors. Competitive advantage enables a business to achieve superior performance or generate greater profits than its rivals, allowing it to develop more customers and gain a larger market share than its competitors.
When a business has a competitive advantage, it is in a more robust position to capture a larger market share than its competitors.
In this case, creating a new product to increase margin is an example of using product implementations to achieve a competitive advantage. One of the ways companies can gain a competitive advantage is by introducing new products into the market.
As a result, companies can use this method to introduce new products that will help them gain a competitive advantage over their rivals.
The introduction of a new product will assist the company in increasing its margin, which will enable it to outperform its rivals.
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aspen corporation uses uses the high-low method to analyze mixed costs. The following information relates to the production data for the first six months of the year.Month Cost HoursJanuary $4,515 300February $4,825 400March $5,540 550April $4,485 200May $5,685 800June $5,230 500How should the cost function be properly stated?Y = $2,025 + $2.50H.Y = $3,890 + $2.00H.Y = $4,085 + $2.00H.Y = $5,260 + $2.50H.
The cost function for Aspen Corporation should be stated as Y = $2,025 + $2.50H, where Y is the total cost and H is the number of hours.
This can be determined by using the high-low method. The high and low cost amounts are $5,685 and $4,485 respectively. The corresponding hours are 800 and 200 respectively. Thus, the variable cost per hour is calculated by subtracting the total cost at the lower level of activity from the total cost at the higher level of activity, and then dividing by the difference in activity levels: ($5,685 - $4,485) / (800 - 200) = $2.50.
The fixed cost is calculated by subtracting the variable cost at the lower level of activity from the total cost at the lower level of activity: $4,485 - ($2.50 x 200) = $2,025. Therefore, the cost function should be stated as Y = $2,025 + $2.50H.
To complete the question above, How should the cost function be properly stated?
a) Y = $2,025 + $2.50H.
b) Y = $3,890 + $2.00H.
c) Y = $4,085 + $2.00H.
d) Y = $5,260 + $2.50H.
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communicating a vision for the future of the organization in bennis and nanus's research is most similar to which of the transformational factors in the full range model?
Communicating a vision for the future of the organization in Bennis and Nanus's research is most similar to the transformational factor of B: "idealized influence" in the Full Range Model.
Idealized influence is the extent to which a leader is perceived as a role model and is admired, respected, and trusted by their followers. Leaders who communicate a clear and compelling vision for the future of the organization can inspire their followers to share their enthusiasm and commitment to achieving the vision, which is a key characteristic of idealized influence (option B).
"
Complete question
communicating a vision for the future of the organization in bennis and nanus's research is most similar to which of the transformational factors in the full range model?
A. individualized consideration
B. idealized influence
C. intellectual stimulation
D. inspirational motivation
"
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mcdonald's is a company that has franchises worldwide. mcdonald's understands international marketing opportunities, uses effective international marketing strategies, and knows the threats from foreign competitors in all markets. mcdonald's takes advantage of .
McDonald's is a company that has franchises worldwide. McDonald's understands international marketing opportunities, and knows the threats from foreign competitors in all markets.
McDonald's takes advantage of these opportunities, as well as its extensive experience, to succeed in foreign markets. McDonald's can take advantage of several marketing opportunities, which include global and local advertising and the creation of new products that appeal to local tastes.
McDonald's also tailors its offerings to specific regions to meet the unique preferences of local consumers. Furthermore, by franchising its business, McDonald's can expand quickly into new regions and benefit from the local knowledge of its franchisees.
McDonald's is known for its consistent customer experience, which includes fast service, high-quality food, and value pricing. The company is constantly improving its customer experience by enhancing its menu, creating new restaurant concepts, and experimenting with technology.
Finally, McDonald's is known for its strong brand, which is recognized around the world. McDonald's is aware of the competition it faces from local and global competitors in every market.
The company responds by continually improving its customer experience, introducing new menu items, and keeping its prices competitive. Furthermore, McDonald's invests in local supply chains to ensure that it has a reliable source of ingredients and supports local economies.
Thus, we can conclude that McDonald's takes advantage of the opportunities and minimizes the risks posed by foreign competitors to succeed in foreign markets.
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becky wants to organize her startup as a regular corporation. one of the first steps becky should take is to a. apply for permission to incorporate in her state. b. hire the officers (president, treasurer, etc.) of her company. c. file her corporate charter with the secretary of state. d. obtain financing for her venture.
Becky wants to organize her startup as a regular corporation. One of the first steps Becky should take is to apply for permission to incorporate in her state. Hence option A. is correct.
What is a regular corporation?
A regular corporation, also known as a C-corporation, is a separate legal entity that is structured to limit shareholders' liability. A corporation is formed by filing articles of incorporation with the state in which it is incorporated.
It is a type of organization that is set up and registered as a legal entity separate from its owners. The corporation is responsible for the actions of the business, and its owners' liability is limited to the amount of money invested in the corporation.
Shareholders of the corporation are not responsible for the corporation's debts and liabilities beyond the amount of their investment.
Incorporation is the legal process by which a business or organization is formally established as a legal entity, such as a corporation. To incorporate, a company must file the necessary legal documents, such as articles of incorporation, with the appropriate state authority.
Incorporation provides a corporation with a separate legal existence that is distinct from its owners. Hence option A. apply for permission to incorporate in her state is correct.
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Which type of change implementation makes employees feel the least threatened? Administrative change. Innovative change. Radically innovative change
The type of change implementation that makes employees feel the least threatened is administrative change.
Administrative changes are minor changes to the company's rules, procedures, and operating standards. They are intended to improve or streamline operations while causing little to no disturbance to existing organizational structures or work processes. For example, the introduction of a new database software program, the development of a new filing system, or the establishment of new dress codes or work schedules are all examples of administrative changes.Most employees may not view administrative change as threatening or disruptive because the change is minor, and it does not threaten their work status, working hours, or job position. Administrative changes are implemented to improve work processes and are often welcome.
When properly communicated to the workforce, the employees will be comfortable and happy with these changes, and it will lead to a more efficient and effective organization.
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Marginal cost is
a) on average, what each unit of output costs to produce or obtain. b) the only thing necessary to consider for making rational decisions. c) the cost of obtaining or producing one more unit of something.
Marginal cost is the cost of obtaining or producing one more unit of something. Marginal cost is calculated by taking the difference between the total cost of production at two levels of output.
The statement "Marginal cost is the cost of obtaining or producing one more unit of something" is true. The marginal cost is the change in the cost of production due to a change in the production rate of a good or service. It is one of the most significant cost considerations for a producer when deciding whether or not to increase output.Below are other key points to keep in mind:Marginal cost refers to the change in the cost of production due to a change in production volume. For example, the total cost of producing 100 units is $10,000, while the total cost of producing 101 units is $10,200. Marginal cost is calculated by subtracting the total cost of producing 100 units from the total cost of producing 101 units ($10,200 - $10,000 = $200). Marginal cost is $200. In this scenario, it costs $200 to produce an additional unit.
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If a 10 percent increase in the price of one good results in a decrease of 5 percent in the quantity demanded of another good, then it can be concluded that the two goods are:substitutes.normal.independent.complements.If the demand for a product is elastic, then total revenue will:increase whether price increases or decreases.rise as price falls.be constant in response to a price change.fall as price falls.
If a 10 percent increase in the price of one good results in a decrease of 5 percent in the quantity demanded of another good, then it can be concluded that the two goods are complements. If the demand for a product is elastic, then total revenue will fall as price falls.
When two goods are compliment goods, the price of one has an inverse relationship with the demand of the other. As a result, when the price of one good goes up, the demand for the other good goes down, and vice versa. Therefore, the correct answer is option A (complements).
Elastic demand occurs when a change in price results in a change in demand in the opposite direction. Elastic demand refers to a type of demand that is sensitive to changes in price. In other words, when there is a change in price, the demand for the product changes proportionately in the opposite direction. If a product has elastic demand, a change in price will cause a relatively larger change in the quantity demanded. This is why the total revenue will decrease as the price falls. Thus, option D (fall as price falls) is the correct answer. In addition, if a 10 percent increase in the price of one good results in a decrease of 5 percent in the quantity demanded of another good, then it can be concluded that the two goods are substitutes.
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required information pa6-3 (static) recording sales with discounts and estimated and actual returns, and analyzing gross profit percentage [lo 6-4, lo 6-5] skip to question [the following information applies to the questions displayed below.] hair world incorporated is a wholesaler of hair supplies. hair world uses a perpetual inventory system. the following transactions (summarized) have been selected for analysis: a. sold merchandise for cash (cost of merchandise $28,797). $ 51,200 b. received merchandise returned by customers as unsatisfactory (but in perfect condition) for cash refund (original cost of merchandise $220). 250 c. sold merchandise (costing $4,750) to a customer on account with terms n/60. 10,000 d. collected half of the balance owed by the customer in (c). 5,000 e. granted a partial allowance relating to credit sales the customer in (c) had not yet paid. 160 f. anticipate further returns of merchandise (costing $140) after year-end from sales made during the year. 350 pa6-3 (static) part 1 required: compute net sales and gross profit for hair world.
According to the question of credit sales, hair World has a negative gross profit of $4,114.
What is credit sales?Credit sales are sales of goods or services where payment is not required immediately. The buyer is given a certain amount of time to pay for the goods or services, usually 30 to 60 days. Credit sales are common in businesses where customers are allowed to purchase goods or services and pay for them later. This method of selling increases business revenue and helps to increase customer loyalty.
Net profit
To calculate the net sales for Hair World, the following formula is used:
Net Sales = Total Sales - Cost of Goods Sold
Total Sales = $51,200 + $10,000 = $61,200
Cost of Goods Sold = $28,797 + $220 + $4,750 - $250 - $160 = $32,657
Net Sales = $61,200 - $32,657 = $28,543
Gross Profit
To calculate the gross profit for Hair World, the following formula is used:
Gross Profit = Net Sales - Cost of Goods Sold
Gross Profit = $28,543 - $32,657 = -$4,114
Therefore, Hair World has a negative gross profit of $4,114. This can be attributed to the fact that Hair World has incurred a net loss on its sales due to customer returns and discounts.
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the purchasing power of the $20 bill decreases over time due to inflation. true or false?
The purchasing power of the $20 bill decreases over time due to inflation. True.
The amount of products and services that may be purchased with a unit of cash is referred to as purchasing power. For example, if one took one unit of cash to a store in the 1950s, one could buy a higher number of products than one could now, showing that the currency had greater buying power in the 1950s.
If one's monetary income remains constant while the price level rises, the buying power of that income decreases.
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take a walk in your workplace (or if you are not working, look at your living space, dining area or any other daily examples) a. assess each element of 5s b. how might you improve 5s in your selected example?
a. Assessment of each element of 5s:Sort: Remove all unnecessary items from the workplace (or living space, dining area) so that only the necessary ones remain in the workplace (or living space, dining area).
Explanation
Straighten: It is crucial to arrange the things in the place where they belong so that when you require it, you can easily access them. Shine: Clean the entire workplace (or living space, dining area) every day.
Standardize: A standard method of doing things should be established for everyone.
Sustain: Maintain the cleanliness and orderliness of the workplace (or living space, dining area) by establishing good habits and discipline.
b. Improvement of 5s:
In your selected example, you can improve 5S by;
Sort: Consider re-evaluating the usefulness of each item and determine whether it is necessary to keep all of the things in he workplace (or living space, dining area).
Straighten: Proper organization of the items and equipment by designating and labelling a place for them.
Shine: Develop and implement a comprehensive cleaning system that encourages everyone to maintain cleanliness.
Standardize: Standard operating procedures should be established and implemented for everyone.
Sustain: Develop and implement a system that motivates employees to maintain cleanliness in the workplace (or living space, dining area) through regular evaluations and rewards for those who maintain cleanliness regularly.
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Fractional reserve banking contributes to _____ because banks do not keep enough cash on hand to pay off depositors if they were all to decide to withdraw their deposits at one time.
Fractional Reserve Banking contributes to financial instability because banks do not keep enough cash on hand to pay off depositors if they were all to decide to withdraw their deposits at one time.
What is Fractional Reserve Banking?
Fractional reserve banking is a banking system in which banks hold only a portion of their depositors' money in reserve and lend out the rest. Because the amount of money deposited exceeds the amount that banks are required to hold in reserve, they can use the excess funds to provide loans to other clients. This is beneficial for both the bank and the customer, as the bank earns interest on the loan while the customer receives a loan to fulfil their needs
The fact that banks only hold a fraction of depositors' money in reserve means that they do not have enough cash on hand to pay off all depositors if they were all to decide to withdraw their deposits at one time. This is the main reason why fractional reserve banking contributes to the possibility of a bank run.
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an agent has breached his fiduciary duty to the principal in which of the following situations? a. where the agent competes with the principal b. where the agent uses confidential information obtained in the course of the agency for his own benefit c. where the agent makes a secret profit d. all of these.
The correct option is D. all of these. A fiduciary duty is an ethical and legal relationship in which one person or organization acts for the benefit of another.
Fiduciary DutyA fiduciary duty is breached when a party that owes such a duty to another fails to act in the other's best interests, acts in their own best interests, or acts to the detriment of the party to whom the duty is owed. It is the legal obligation of one party to act in the best interests of another in a situation that requires trust or loyalty.
There are various situations in which an agent has breached his fiduciary duty to the principal. These situations include: Where the agent competes with the principal. Where the agent uses confidential information obtained in the course of the agency for his own benefit.Where the agent makes a secret profit. All of these situations involve the agent failing to act in the best interests of the principal, acting in their own best interests, or acting to the detriment of the principal.
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Part of making a plan to __________ involves searching for scholarships, saving, and talking with your family about what kind of financial help you'll get.
Pay cash for college
Live in a dorm
Take out a student loan
Get good grades
"Part of making a plan to Pay cash for college involves searching for scholarships, saving, and talking with your family about what kind of financial help you'll get." Option A is correct.
Paying for college can be a significant financial burden, and planning ahead can help alleviate some of the stress. One crucial aspect of this planning process is to search for scholarships, grants, and other forms of financial aid that can help offset the cost of tuition. Saving money by setting aside a portion of your income or seeking part-time work can also be helpful.
Additionally, talking with your family about what kind of financial assistance they may be able to provide can provide clarity and help you create a more realistic budget. By taking these steps, you can create a solid plan to pay for college and minimize the financial strain on you and your family.
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Positioning relies on the communication of one or more sources of value to customers in a way that the customer can easily make the connection between the ________.
Select one:
a. way the 4Ps of the marketing mix work with one another
b. customer's needs and wants and what the product has to offer
c. cost of the product and the quality
d. product and its advertising
e. salesperson and the customer at a personal level
Strategic fit means there is a good match of a target market to the firm's culture and resource capabilities.
Select one:
True
False
A marketing manager using VALS is interested in ________ segmentation.
Select one:
a. occupational
b. educational
c. geodemographic
d. geographic
e. psychographic
HerboCare, a company that sells herbal soaps, has failed to increase its sales, as consumers could not understand how soaps made by HerboCare were different or better than other herbal soaps available in the market. In this scenario, HerboCare is suffering from the positioning error of ________.
Select one:
a. underpositioning
b. confused positioning
c. doubtful positioning
d. overpositioning
e. repositioning
________ segmentation recognizes that there may be a number of consistent needs and wants demonstrated by consumers based on what type of job they have.
Select one:
a. Gender
b. Occupational
c. Educational
d. Social
e. Age
1. Positioning relies on the communication of one or more sources of value to customers in a way that the customer can easily make the connection between the customer's needs and wants and what the product has to offer.
2. False. Strategic fit means there is a good match of a target market to the firm's culture and resource capabilities.
3. Psychographic segmentation recognizes that there may be a number of consistent needs and wants to be demonstrated by consumers based on what type of job they have.
4. HerboCare is suffering from the positioning error of confused positioning.
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