that answer is false
Is this good advice? “ if you are behind on your loans, but no in ‘ default’. Don’t even talk with your loan companies. Just go talk with your debt settlement
Yes or no
If you are behind on your loans, but not in ‘ default’. Don’t even talk with your loan companies. Just go talk with your debt settlement. The advice can be recommended.
What is a loan?The loan is referred to the amount which an individual borrows from any financial institution at a certain rate of interest which is payable at a later date in order to start any business or any other business work.
Annual percentage yield, or APY, is the abbreviation for the rate of return on an investment that is actually realized after taking into account the impact of investment returns.
Since the cost of borrowing overall is lower, accounts with higher APRs typically have lower rates than those with lower APYs.The difference between APR and APY is greater, and interest compounds more frequently as well, increasing.
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What is the relationship between advertising, selling, promotion, and marketing research functions?
Answer:
While advertising presents a reason to buy a product, sales promotion offers a short-term incentive to purchase. Sales promotions often attract brand switchers (those who are not loyal to a specific brand) who are looking primarily for low price and good value. The goal of promotions is to present your product, increase demand, and differentiate it. So, promotion is the basic element of marketing.
Explanation:
A bailment:
Question options:
A)
cannot be based on an oral agreement
B)
can involve real or personal property
C)
requires that title be passed to the bailee
D)
transfers possession to the bailee
A bailment is a legal arrangement involving the transfer of possession of personal property from one party (bailor) to another party (bailee) without the transfer of ownership.
The correct option is D) transfers possession to the bailee
In a bailment, the bailor retains ownership of the property but transfers temporary possession to the bailee for a specific purpose or period of time. This transfer of possession can occur through an oral or written agreement between the parties involved.
A bailment can involve both real or personal property, but the correct statement is that it specifically involves personal property. Real property refers to land and immovable structures, while personal property refers to movable assets such as vehicles, jewelry, or furniture. In a bailment, personal property is entrusted to the care and responsibility of the bailee.
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How can comparison shopping help you make wise buying decisions?
Consumers frequently perform comparison shopping, which involves comparing the costs of various products from several stores before making a purchasing decision.
A lot of the time, price is a decisive factor, and people like to compare shop when buying more expensive items and services. You'll be able to save money on a variety of goods and services by comparison shopping. To lower the cost of living, you can use websites, online applications, and products discounts. To attain your financial objectives as quickly as feasible, apply that extra cash to outstanding bills. Comparison shopping is simple and can help you save money by using ads, catalogues, and web searches.
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What do you think is the most important stage in the consumer decision making process?
The most important stage in the consumer decision-making process is often considered to be the evaluation of alternatives stage.
During this stage, the consumer considers the different options available to them and evaluates the pros and cons of each option based on their needs and preferences. This is where the consumer makes a final decision about which product or service to purchase.
The evaluation of alternatives stage can be influenced by a variety of factors, including the consumer's prior experience with the product or brand, the recommendations of friends or family, advertising and promotional messages, and the perceived value and quality of the different options. Therefore, marketers must focus on creating and promoting products that meet the needs and preferences of their target audience to ensure that their product is chosen during this critical stage.
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explain the effect of climate change in the economy of nepal
Nepal suffers excessive monetary expenses because of modern weather variability and extremes: the envisioned direct cost of those influences is equal to 1.5–2% of modern GDP/year. This is excessive via way of means of global levels.
What is the climate of Nepal?The weather in Nepal varies from subtropical withinside the lowlands to chilly excessive-altitude weather withinside the mountains.
The country reports five unique seasons: summer, monsoon, autumn, iciness, and spring. During iciness, the Himalayas block the cold air, inflicting it to be pretty heat south of the Himalayas.
Therefore, Nepal suffers a huge economic loss due to the climatic conditions prevailing in the country.
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Jerry needs a few extra bucks to fill his gas tank. His dad doesn't like giving him money, so although Jerry only needs about $20, he asks his dad for $50. The plan works perfectly: his dad scoffs at the request for $50, but he hands over $20 without complaint. Which technique has Jerry used
Jerry has used a technique known as the Door-in-the-Face technique to obtain the desired amount of money from his dad.
The technique used by Jerry is known as the Door-in-the-Face technique. This technique involves making an initial larger request, which is likely to be rejected, followed by a smaller request that is more reasonable and likely to be accepted. In this case, Jerry initially asks his dad for $50, knowing that it is a high amount that his dad is likely to refuse. By making this larger request, Jerry creates a contrast effect where the second request of $20 seems more reasonable and manageable in comparison. Jerry's dad, perceiving the second request as a compromise, is more likely to agree to it, as he may feel that he has already made a concession by not giving the full amount Jerry initially asked for. By employing the Door-in-the-Face technique, Jerry successfully obtains the money he needs without his dad's suspicion or objection.
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true or false: bayes' rule does not allow you to use diagnostic knowledg chegge for causal reasoning
The statement is "True", Bayes' rule does not allow you to use diagnostic knowledge for causal reasoning.
What is Bayes' Rule, Bayes' theorem, sometimes known as Bayes' rule, is a mathematical formula for estimating conditional probability. Conditional probability is the likelihood of an event occurring given that another event has already occurred.
The theory is frequently used in science, mathematics, and engineering to calculate the probability of an occurrence. The conditional probability is measured using Bayes' theorem. The probability of a hypothesis being correct is measured by calculating the conditional probability.
Bayes' rule does not allow you to use diagnostic knowledge for causal reasoning because it is a method for calculating the likelihood of a hypothesis given some evidence. The theorem does not consider the causal relationship between events. It simply calculates the probability of a hypothesis given some data.
For causal reasoning, other statistical methods should be used. Causal reasoning is the study of how one event causes another event. It considers the cause and effect relationship between events. Therefore, it requires a different statistical method than Bayes' rule.
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next year, lookout engineers will pay an annual dividend of $2.06 per share. the company has been reducing its dividends by 1.34 percent annually. what is this stock worth today if the required return is 14.5 percent?
Stock worth today if the required return is 13.01
Stock price = D1 / r - g
Where,
D1 = Expected Dividend
r= required rate of return
g= growth rate
=2.06/0.145-(-0.0134)
=13.01
Correct Answer = 13.01
The maximum common way to price a stock is to compute the employer's price-to-income (P/E) ratio. The P/E ratio equals the organisation's stock price divided by its maximum recently reported earnings in step with share (EPS). A low P/E ratio implies that an investor shopping for the stock is receiving an appealing quantity of fee.
The best way to exercise session the value of your stock available is to be counted and cost it by way of appearing a stock take. If the cost of the inventory on the cease of the economic 12 months is extra than it was at the beginning of that 12 months, you must consist of the difference as part of your assessable earnings when you hotel a tax go back.
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If the amount realized at the foreclosure sale is more than the indebtedness, the excess belongs to who?
If the amount realized at the foreclosure sale is more than the indebtedness, the excess belongs to the homeowner.
Foreclosure refers to the legal procedure used by a lender, such as a bank, to repossess a home or any other property securing a loan. A borrower will typically have defaulted on their loan payments, prompting the lender to demand repayment of the outstanding balance or initiate foreclosure proceedings.If the amount of money earned from a foreclosure sale is greater than the outstanding loan balance plus foreclosure costs, the homeowner will receive the excess. When a homeowner owes $300,000 on their mortgage, for example, but the lender sells the house for $350,000 at foreclosure sale. The extra $50,000 would go to the homeowner as equity. So, the excess belongs to the homeowner.
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Which type of inflation occurs when prices are high, then drop due to lower demand, and then are restored to a previous high level? a) hyperinflation b) disinflation c) inflation d) reflation
Answer:
Reflation
Explanation:
The type of inflation which occurs when prices are high, then drop due to lower demand, and then are restored to a previous high level is known to be as reflation Option(d) is correct generally and actually.
What does Reflation means?Reflation is utilized to portray an arrival of costs to a past pace of expansion.
One use portrays a demonstration of invigorating the economy by expanding the cash supply or by diminishing expenses, looking to bring the economy explicitly the cost level back up to the drawn out pattern.
In this point of view, reflation, is diverged from expansion (barely talking) over the some drawn out pattern line, while reflation is a recuperation of the cost level when it has fallen beneath the pattern line.
For instance, on the off chance that expansion had been running at a 3% rate, yet for one year it tumbles to 0%, the next year would require 6% expansion (really 6.09% because of building) to get back up to the drawn out pattern. This higher than typical expansion is viewed as reflation, since it is a re-visitation of pattern, not surpassing the drawn out pattern.
This qualification is predicated on a hypothesis that financial development, where there is long haul development in the economy and cost level, is both feasible and alluring. Similarly as disinflation is viewed as an adequate remedy to high expansion, reflation is viewed as a cure to flattening.
Therefore Option(d) is correct.
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Assume that the following data describe the condition of the banking system. Use this information to answer five questions. Total reserves Transactions deposits Cash held by public Reserve requirement $120 billion $800 billion $300 billion 0.10 a. How large is the money supply (M1)? $ billion b. How large are required reserves? $ billion c. How large are excess reserves? $ billion d. What is the money multiplier? e. How much is the unused lending capacity? billion
a. The money supply (M1) can be calculated by adding up the transactions deposits and the cash held by the public. Therefore, M1 = $800 billion + $300 billion = $1,100 billion.
b. Required reserves can be calculated by multiplying the transactions deposits by the reserve requirement ratio. Therefore, required reserves = $800 billion x 0.10 = $80 billion.
c. Excess reserves can be calculated by subtracting required reserves from total reserves. Therefore, excess reserves = $120 billion - $80 billion = $40 billion.
d. The money multiplier can be calculated by dividing the transactions deposits by the required reserves. Therefore, money multiplier = $800 billion / $80 billion = 10.
a. The money supply (M1) includes all physical currency, demand deposits, traveler's checks, and other checkable deposits. In this case, we have been given the transactions deposits and the cash held by the public, which when added together gives us the money supply.
b. Required reserves are the amount of reserves that banks are required to hold by the central bank. In this case, we have been given the reserve requirement ratio and the transactions deposits, which when multiplied together gives us the required reserves.
c. Excess reserves are the amount of reserves that banks hold above and beyond the required reserves. In this case, we have been given the total reserves and the required reserves, which when subtracted gives us the excess reserves.
d. The money multiplier is the amount by which the money supply is increased when new deposits are made in the banking system. It can be calculated by dividing the transactions deposits by the required reserves.
e. Unused lending capacity is the amount of money that banks can lend out, but have not yet lent out. It can be calculated by subtracting the total loans from the lending capacity. However, we have not been given the total loans in this case, so we cannot calculate the unused lending capacity.
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Describe at least two types of risk-related intellectual property(IP) rights and responsibilities that can arise during strategic planning. The purpose and describe at least two types of IP risk management strategies.
Two types of risk-related intellectual property (IP) rights and responsibilities during strategic planning are patent infringement and trade secret protection.
Patent Infringement: Strategic planning may involve developing new products, processes, or technologies. In this case, there is a risk of infringing on existing patents held by other parties.
Trade Secret Protection: Strategic planning often involves confidential and proprietary information, such as business strategies, customer lists, or manufacturing processes. Companies must take steps to protect their trade secrets and ensure they are not disclosed or misappropriated during the planning and execution stages.
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The owners of Spokes Bicycle Shop worry that cash flow this winter may be insufficient to meet the current operating expenses. While they anticipate a surplus of cash inflow as warm weather approaches, they need funds now to meet the company's immediate obligations. The owners can best resolve cash flow concerns by obtaining ________ financing.
Answer:
Short-term.
Explanation:
Short-term can be explained to be financing of business for short period of time from different sources. This financing are seen to be in the periods of a year and is said to be for smaller scale businesses.
It is easily necessary to secure additional funds to cover expenses, especially for those smaller businesses or to take the next step in growing the business. These short term loans are seen to be a lending option that work for many businesses that experience seasonal revenue fluctuations, and are easily taken back from the enterprise on a daily basis or monthly to cover up for the year.
33. when advertisers use extremely attractive models to demonstrate products, they are relying, in part, on the power of ____ to change consumers' attitudes.
When advertisers use extremely attractive models to demonstrate products, they are relying, in part, on the power of b. classical conditioning to change consumers' attitudes.
What is classical conditioning in advertising?Classical conditioning in advertising is the use of positive features that create an atmosphere of enjoyment so that consumers are forced to associate good feelings and having fun with the product.
Classical conditioning creates an unconditioned stimulus (US) and the unconditioned response (UR).
a. observational learning
b. classical conditioning
c. reinforcement
d. punishment
Thus, when advertisers use extremely attractive models to demonstrate products, they are relying, in part, on the power of b. classical conditioning to change consumers' attitudes.
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I need help with this question please?!!!
The cost of the market basket for each year is as follows:
2015 = $106.502016 = $125.002017 = $127.00.What is the market basket?In Economics, the market basket refers to the selected group of consumer goods and services whose prices are tracked for calculating a consumer price index.
The consumer price index helps in measuring inflationary trends and the cost of living within a locality.
Product Quantity 2015 2016 2017
Burgers 30 $0.25 $0.40 $0.30
Shoes 3 $30.00 $35.00 $36.00
Scissors 1 $9.00 $8.00 $10.00
Market basket cost for each year:2015 = $106.50 ($0.25 x 30 + $30 x 3 + $9 x 1)
2016 = $125.00 ($0.40 x 30 + $35 x 3 + $8 x 1)
2017 = $127.00 ($0.30 x 30 + $36 x 3 + $10 x 1)
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"
1.- Based on the weighted Beta for your portfolio, how would
expect the portfolio to move in relation to the market as measured
by the S & P 500?
Based on the weighted Beta for your portfolio, the portfolio is expected to move in relation to the market as measured by the S&P 500.
Beta is a measure of a stock or portfolio's sensitivity to market movements. A beta of 1 indicates that the stock or portfolio tends to move in line with the market. A beta greater than 1 suggests that the stock or portfolio is more volatile than the market, while a beta less than 1 indicates lower volatility compared to the market.
If the weighted beta of your portfolio is greater than 1, it implies that the portfolio is expected to have a higher level of volatility compared to the S&P 500. This means that when the market goes up, the portfolio is likely to increase by a larger percentage, and when the market goes down, the portfolio may experience greater losses.
On the other hand, if the weighted beta is less than 1, the portfolio is expected to have lower volatility compared to the market. In this case, the portfolio's movements will likely be less pronounced than those of the S&P 500.
It's important to note that beta is just one factor to consider when assessing portfolio performance and risk. Other factors such as diversification, individual stock performance, and market conditions should also be taken into account.
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3. The following figures for a business are available:
$
June 1, 2019
Stock
Creditors
Debtors
Stock
Creditors
Debtors
May 31, 2020
11,590
3,410
5,670
13,425
4,126
6,108
Year to May 31, 2020
Received from debtors
Paid to creditors
45,112
29,375
All goods were bought or sold on credit.
Required:
Draw up the trading account for the year May 31, 2020, deducting any figures that may
be needed.
Answer:
what's the question....
Explanation:
Morris company applies overhead based on direct labor costs. For the current year, morris company estimated total overhead costs to be $404,000, and direct labor costs to be $2,020,000. Actual overhead costs for the year totaled $383,000, and actual direct labor costs totaled $1,810,000. At year-end, factory overhead is:
Answer:
At year-end, factory overhead is $21,000
Explanation:
Predetermined overhead rate = (Estimated overhead costs/Estimated direct labor costs)
Predetermined overhead rate = ($404000 / $2020000) = 20%*Direct labor costs
Hence, Applied overhead costs= (20% * $1,810,000)
Applied overhead costs=$362000.
Hence balance in factory overhead account at year end = $383,000 - $362,000
=$21,000.
each employee's and each group's ongoing efforts to gather information and apply the information to their decisions in a learning organization is called
Each employee's and each group's ongoing efforts to gather information and apply the information to their decisions in a learning organization is called continous learning.
The process of consistently improving one's skills and knowledge is known as continuous learning. In the workplace, "continuous learning" is a phrase frequently used to refer to the process of acquiring new knowledge and skills while simultaneously enhancing ones already had.
The "continuous, voluntary, and identity-driven" pursuit of information for one's own or one's career is referred to as lifelong learning. It promotes social engagement, active citizenship, and personal development while also being crucial for an individual's work and productivity. One method of constant learning is signing up for further work training courses. This is a formally agreed-upon commitment made, often for a little time, in order to gain new knowledge.
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Flo's Flowers has annual sales of 8,100, interest paid of 29,400, taxes of 4,810. The firm has total assets of 51,600. The firm does not want any additional external equity financing and also wants to maintain a constant debt-equity ratio. What rate of growth can this firm maintain? ()61,888,depreciationof970,costofgoodssoldof4,918,anddividendspaidof105,300andtotaldebtof
12.27%, which is the highest growth rate that the firm can maintain while keeping the debt-equity ratio constant and without any additional external equity financing. Correct option (2)
To find the rate of growth that Flo's Flowers can maintain, we need to use the sustainable growth rate formula:
Sustainable Growth Rate = (Net Income / Total Assets) x (1 - Dividend Payout Ratio)
First, we need to calculate some additional values:
Net Income = Annual sales - Cost of goods sold - Depreciation - Interest paid - Taxes
Net Income = $61,888 - $29,400 - $8,100 - $970 - $4,918
Net Income = $18,500
Dividend Payout Ratio = Dividends Paid / Net Income
Dividend Payout Ratio = $4,810 / $18,500
Dividend Payout Ratio = 0.26 or 26%
Now we can plug these values into the sustainable growth rate formula:
Sustainable Growth Rate = ($18,500 / $105,300) x (1 - 0.26)
Sustainable Growth Rate = 0.151 x 0.74
Sustainable Growth Rate = 0.1121 or 11.21%
However, we need to adjust this answer to maintain the constant debt-equity ratio. The current debt-equity ratio is:
Debt-Equity Ratio = Total Debt / Total Equity
Debt-Equity Ratio = $51,600 / ($105,300 - $51,600)
Debt-Equity Ratio = 1.02
To maintain this ratio, we need to calculate the equity required to support the new growth rate at 11.21%:
Equity Required = Total Assets x (1 + Sustainable Growth Rate) - Total Debt
Equity Required = $105,300 x 1.1121 - $51,600
Equity Required = $68,171.63
This means that the firm would need to increase its equity by $68,171.63 to maintain the constant debt-equity ratio while growing at a rate of 11.21%.
Since the firm does not want any additional external equity financing, it cannot maintain this level of growth rate. Therefore, the closest answer choice is 12.27%,
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Full Question: Flo's Flowers has annual sales of $61,888, depreclation of $8,100, Interest pald of $970, cost of goods sold of $29,400, taxes of $4,918, and dividends pald of $4,810. The firm has total assets of $105,300 and total debt of $51,600. The firm does not want any additional external equity financing and also wants to maintain a constant debt-equity ratio. What rate of growth can this firm malntaln?
2716 percent 12.27 percent 34.22 percent 13.27 percent 23.82 percentwrite how vermicompost is prepared in a pit
Explanation:
Vermicomposting pits are mainly used by farmers. These farmers dig a large hole that serves the purpose of burying worms and organic waste material. Pits made for vermicomposting are usually 1 m deep and 1.5 ms wide.
Which of the following is not a part of every linear programming problem formulation?
a. a set of constraints
b. a redundant constraint
c. maximization or minimization of a linear function
d. non-negativity constraints
e. an objective function
The component that is not a part of every linear programming problem formulation is a redundant constraint (option b). While some problems may include redundant constraints, they are not necessary for every problem formulation. The other components (constraints, objective function, non-negativity constraints) are essential for defining the problem and finding its optimal solution.
Linear programming is a mathematical method used to optimize a linear objective function subject to a set of linear constraints. The goal is to find the optimal solution that satisfies all the constraints while maximizing or minimizing the objective function. In every linear programming problem formulation, there are certain components that are necessary to define the problem and find its optimal solution. These components include:
1. A set of decision variables: These are the unknown quantities that we want to determine in the problem.
2. An objective function: This is a linear function that we want to maximize or minimize.
3. A set of constraints: These are linear equations or inequalities that restrict the values of the decision variables.
4. Non-negativity constraints: These are constraints that specify that the decision variables cannot be negative.
In addition to these four components, some linear programming problems may include redundant constraints. These are constraints that do not add any additional information to the problem and can be removed without affecting the optimal solution. A linear programming problem formulation must include a set of decision variables, an objective function, a set of constraints, and non-negativity constraints. The inclusion of redundant constraints is optional and depends on the specific problem. A redundant constraint is not part of every linear programming problem, as it does not affect the feasible region or the optimal solution. It is an unnecessary constraint that can be removed without changing the outcome of the problem.
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A $4,000 deposit is made into an investment account that pays
3.5% interest compounded continuously. How much will be in the
account after 4 years?
Step 1:
The amount in the account after 4 years, with a $4,000 deposit and 3.5% interest compounded continuously, will be approximately $4,495.72.
To calculate the amount in the account after 4 years with continuous compounding, we can use the formula \(A = P * e^(rt)\) where A is the final amount, P is the initial deposit, e is the base of the natural logarithm, r is the interest rate, and t is the time in years.
In this case, the initial deposit (P) is $4,000, the interest rate (r) is 3.5% (or 0.035 as a decimal), and the time (t) is 4 years. Plugging these values into the formula, we get\(A = 4000 * e^(0.035 * 4)\).
Using a calculator or computer software to evaluate the exponential term, we find that\(e^(0.035 * 4)\)is approximately 1.14717. Multiplying this by the initial deposit, we get A ≈ 4000 * 1.14717 ≈ $4,495.72.
Therefore, after 4 years, the investment account will have approximately $4,495.72.
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Bade Midwifery's cost formula for its wages and salaries is $1,230 per month plus $240 per birth. For the month of October, the company planned for activity of 105 births, but the actual level of activity was 101 births. The actual wages and salaries for the month was $26,470. The activity variance for wages and salaries in October would be closest to:
Answer:
wages and salaries activity variance= $1,000 unfavorable
Explanation:
Giving the following information:
Standard:
Fixed= $1,230
Variable= $240 er birth
Actual:
101 births.
The actual wages and salaries for the month was $26,470.
To calculate the activity variance for wages, we need to use the following formula:
wages and salaries activity variance= (actual costs - standards costs)
standards= 1,230 + 240*101= $25,470
wages and salaries activity variance= (26,470 - 25,470)
wages and salaries activity variance= $1,000 unfavorable
a. calculate the ocf. (do not round intermediate calculations.) b. what is the depreciation tax shield? (do not round intermediate calculations.)
OCF (Operating Cash Flow) is the cash generated from a company's regular business operations. It's an important indicator of a company's financial health.
b. Depreciation Tax Shield is the reduction in taxable income resulting from depreciation expenses. It allows companies to save on taxes by deducting the depreciation expense from their taxable income.
Now, let's calculate the OCF and Depreciation Tax Shield:
Step 1: Determine the necessary financial figures from the given problem. You'll need EBIT (Earnings Before Interest and Taxes), taxes, and depreciation expenses.
Step 2: Calculate the OCF. The formula for OCF is:
OCF = EBIT + Depreciation - Taxes
Plug in the EBIT, Depreciation, and Taxes values from Step 1 and perform the calculations.
Step 3: Calculate the Depreciation Tax Shield. The formula for the Depreciation Tax Shield is as follows:
Depreciation Tax Shield = Depreciation Expense × Tax Rate
Use the Depreciation Expense and Tax Rate values from Step 1 and perform the calculations.
In conclusion, to calculate the OCF, you need to find the EBIT, Depreciation, and Taxes and use the OCF formula. To find the Depreciation Tax Shield, use the Depreciation Tax Shield formula with the Depreciation Expense and Tax Rate. These calculations help businesses understand their cash flow and tax savings, which are essential for financial planning and growth.
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When you finish your budget, you should have:
A: money left over
B: more bills to pay
c: a zero balance
D: All of the choices
Answer:
Zero balance
Explanation:
Because you finished all your money.
what question should be asked to help identify a community committee's stakeholders? (select all that apply.)
The following questions can help identify a community committee's stakeholders:
B: Who can assist in providing resources needed for proposed changes?
C: Who has the greatest amount to lose by the proposed change?
D: Who is most affected by the issue being considered?
By asking these questions, the community committee can identify key stakeholders and ensure that their needs and perspectives are taken into account when making decisions and taking action. This can help to increase the legitimacy and effectiveness of the committee's efforts and ultimately benefit the community as a whole.
"
Complete question
what question should be asked to help identify a community committee's stakeholders? (select all that apply.)
a) Who can best successfully affect public opinion regarding proposed changes?
b) Who can assist in providing resources needed for proposed changes?
c) Who has the greatest amount to lose by the proposed change?
d) Who is most affected by the issue being considered?
e) Who has been a long-term member of the community?
"
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A context diagram of the Cargo Shipping Process from the perspective of the CArgo Section at CaribAir
The context diagram provides a high-level view of the cargo shipping process and the interactions between the Cargo department at CaribAir and its external entities. It helps to ensure that all stakeholders are accounted for and that the system operates effectively and efficiently to meet the needs of its customers.
A context diagram is a high-level view of a system that shows its interactions with external entities. In the context of the cargo shipping process from the perspective of the Cargo department at CaribAir, the context diagram would illustrate the external entities that interact with the department, including customers, shipping agents, freight forwarders, and other stakeholders.
The Cargo department at CaribAir is responsible for managing the shipment of goods via air transport. This involves receiving and processing orders from customers, coordinating with shipping agents and freight forwarders, preparing cargo for transport, and ensuring that it is delivered to its destination safely and on time.
The context diagram would show the external entities that interact with the Cargo department at CaribAir, including customers who place orders, shipping agents who provide information on cargo availability and transportation options, freight forwarders who coordinate the shipment of goods, and other stakeholders such as customs authorities and regulatory bodies.
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Complete question:
Describe the context diagram of the cargo shipping process from the perspective of the CArgo department at CaribAir and understand what CArgo is
Which economic principle is related to supply and demand?
The economic principle which is related to supply and demand is known as the scarcity principle.
What is a scarcity principle?The scarcity principle is a price link between dynamic supply and demand that is explained by economic theory. The scarcity principle states that the price of an item with a low supply and strong demand rises to meet the predicted demand.
Marketers frequently employ the notion to create fake scarcity and exclusivity for a certain product or good in order to drive demand for it. The scarcity principle states that the price of a scarce commodity should grow until an equilibrium between supply and demand is attained. However, this would result in the good being restricted to those who can buy it.
Therefore, scarcity principle is related to supply and demand.
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