The cost/profit to the Bank of England in pounds is 6.95 million GBP. If the value is positive, it represents a profit, and if negative, it represents a cost. In this case, the Bank of England made a profit of 6.95 million GBP from the currency crisis transaction.
To calculate the cost/profit to the Bank of England in pounds, we need to determine the difference between the amount borrowed in Deutsche Marks (DM) and the amount repaid in pounds.
The Bank of England borrowed 50 million DM when the exchange rate was 2.4 DM to 1 GBP. Therefore, the initial borrowing can be calculated as:
Borrowing in GBP = 50 million DM / 2.4 DM/GBP = 20.83 million GBP (rounded to two decimal places)
Later, when the Bank of England repaid the borrowed DM at the post-crisis rate of 1.8 DM to 1 GBP, we can calculate the repayment amount in GBP as:
Repayment in GBP = 50 million DM / 1.8 DM/GBP = 27.78 million GBP (rounded to two decimal places)
To find the cost/profit to the Bank of England, we subtract the repayment amount from the initial borrowing:
Cost/Profit in GBP = Repayment in GBP - Borrowing in GBP
= 27.78 million GBP - 20.83 million GBP
= 6.95 million GBP (rounded to two decimal places)
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space saving option for overnight guests is called_____
Space saving option for overnight guests is called hideaway bed. Murphy bed sofa, loveseat and more. You can usually convert it into a bed by folding the mattress with the cover and the springs.
A guest is someone who stays with her at the residence for one or more nights. This includes people visiting socially, traveling on business, and staying with friends and family.
Overnight guests can be anyone from close family members to complete strangers.
A guest is someone who visits you or attends an event because you invited them.
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Identify and explain two reasons why effective communication within a business is important to the management
Answer:
Why effective communication within a business is important to the management?
In order to attain your objectives, it is critical to communicate well during negotiations. Within the business, communication is also crucial. Effective communication can aid in the development of a positive working connection between you and your employees, which can enhance morale and productivity.
Explanation:
It Builds and Maintains Relationships: Positive interactions with people help to form and maintain relationships. Communication will be crucial in this process; without it, it would be difficult to build and maintain fruitful partnerships. Communication is an important component of any relationship. Two people cannot be friends until they begin to communicate with one another. A supervisor-underling relationship is similar, in that the boss should be able to explain how to do his job to a new office worker.
It Facilitates Innovation: Collaboration and innovation inside the unit or organisation can be improved when employees feel free to express themselves. Employees, for example, will be able to share their ideas on how to improve a company process. Furthermore, if employees are unable to communicate their ideas owing to a lack of communication skills, the idea is unlikely to be fully implemented.
checking the purchase order upon delivery of products to a warehouse ensures that
a. the order was actually made in the quality is correct
b. The items were purchased at the lowest possible price
c. The items work as advertised
d. there will be enough storage space to house the items
Answer:
i believe it is a.
Explanation:
im not sure but this sounds the most reasonable
state any five types of legal requirements that will be required for your bussiness
The law state the legal requirements which an entrepreneur is required to obtain when commencing a business. These legal requirements include the necessary permits, licenses, tax registration numbers, insurance policy, labor laws requirements, etc.
This legal requirements isn’t compulsory for an entrepreneur(s) to obtain when starting a business but it’s important. The Companies and Allied Matters provide for different companies that an entrepreneur can register to carry out his business.
A private corporation limited by shares is the suggested legal form for entrepreneurs (private limited liability company). It has a minimum share capital of N500,000 and is registered by at least two individuals legal requirements(Five Hundred thousand Naira)
The Company and Allied Matters Act does not mandate that the share capital be paid in full prior to the start of operations. An entrepreneur, however, can register as a business name if they lack the legal requirements resources to do so as a company.
In order to collect paperwork from the government or private groups on behalf of the business, such as licenses and permits, a business name certificate is necessary legal requirements.
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How does business generate income?
Hai!
This depends on the Type of Business.
If it is a Selling Business, they sell stuff to Earn Profit.
If its a Free Online Website/Game. They earn money by either in game purchases or Web Site purchases.
Identify a way that a budget can help business people make better decisions.
Budget gives business people a range of limited money to work with, meaning that they only have so much and no space for bad decisions. Bad decisions will then influence their way of understanding of limit and learn from it. This then pushes business people to make better decisions. Better decisions help them make more profit, increasing their budget.
What is the normal journal entry when writing-off an account as uncollectible under the allowance method?.
Debit Allowance for Doubtful Accounts, credit Accounts Receivable.
The entry to write off a bad account affects only balance sheet accounts: a debit to Allowance for Doubtful Accounts and a credit to Accounts Receivable. No expense or loss is reported on the income statement because this write-off is "covered" under the earlier adjusting entries for estimated bad debts expense.
The journal entry for the Bad Debt Expense increases (debit) the expense's balance, and the Allowance for Doubtful Accounts increases (credit) the balance in the Allowance.
Under the allowance method, a write‐off does not change the net realizable value of accounts receivable. It simply reduces accounts receivable and allowances for bad debts by equivalent amounts. Customers whose accounts have already been written off as uncollectible will sometimes pay their debts.
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1. Why would a potential sponsor be interested in an organization's market reach?
Answer:
A potential sponsor would be interested in an organizations market reach because they want to know the estimated number of consumers the organization markets to. A sponsor isn’t interested in a small market
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which of these is not included in an employer's payroll tax expense? a. state unemployment taxes b. social security taxes c. federal income taxes d. federal unemployment taxes
The correct answer is c. Federal Income Taxes.
Payroll taxes are taxes that employers pay on behalf of their employees. These taxes include Social Security and Medicare taxes, state unemployment taxes, and federal unemployment taxes. These taxes are withheld from employee paychecks and remitted to the relevant tax authorities.
Federal income taxes are not included in an employer’s payroll tax expense, since these taxes are withheld from employee paychecks. Federal income taxes are remitted directly to the IRS by the employee. Employers are responsible for withholding the correct amount of taxes from employee paychecks, but are not responsible for remitting federal income taxes to the IRS.
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Athena priced each of her art pieces at the same price and displayed them for sale in two different art shows. She made $495. 80 from the first art show and $371. 85 from the second show. If Athena sold 7 pieces of art, what price did each piece sell for? a. $109. 52 b. $109. 66 c. $123. 81 d. $123. 95.
Athena set the same price for each of her art pieces and put them for sale in two different art displays." Athena would eventually sell each item for $123.81.
Option D is the correct answer.
\(= 495.80 + 371.85 \\\ = 867.65 \text{ dollars} \)
The price for each piece of art:\(= \frac{867.65}{7}\\\ = 123.95 \text{ dollars} \)
As a result, the right answer is $123.95 for each piece of art.
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How can Cindy inform Juan of changes to his credit line and also preserve business with Marble Home Makeovers?
How can Juan write a message to employees informing them that they will have reduced work hours without excessively reducing employee morale and commitment?
How can Juan turn down a supervisors request and still maintain goodwill?
How can Juan reject this customer’s claim but retain her loyalty?
How can Juan tell one of the most popular employees that he is not performing well?
Cindy can inform Juan of changes to his credit line and still preserve business with Marble Home Makeovers by writing a clear and precise email message.
This email should include why the credit line has been changed, how it will affect Juan's business with Marble Home Makeovers, and what steps he can take to improve his credit line.In addition, Cindy should assure Juan that Marble Home Makeovers values its business relationship with him and is committed to supporting him during this time.
This message should be friendly, professional, and concise to avoid any misunderstandings.Juan can write a message to employees informing them that they will have reduced work hours without excessively reducing employee morale and commitment by explaining the situation and providing a plan for how the company will cope with the situation. Juan can also provide employees with an explanation of why the reduced hours are necessary and how the company plans to get back to full-time hour
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To arrange or constitute mutually related parts, each having a specific function with respect to the whole:____.
To arrange or constitute mutually related parts, each having a specific function with respect to the whole is organizing. It is the process of creating an effective authority relationship among the chosen group of individuals who are tasked with carrying out a specific task with.
Organizing is the process of creating departments and parts within the group. The definitions of organization in the management genre were as follows. While the organization's breadth is present in all hemispheres of life. The word "organizing" is used frequently in every context, from organizing one's life to planning a house party.
The process of organizing involves establishing the crucial connections between the individuals, tasks, and other activities. This is done in a way that integrates and coordinates the organization's resources in order to successfully complete the goals.
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Does anyone have a perfect competition business example?
Answer:
Perfect competition is a type of market structure where products are homogenous and there are many buyers and sellers. ... Whilst perfect competition does not precisely exist, examples include the likes of agriculture, foreign exchange, and online shopping.
Explanation:
Which scenario is not a violation of your rights as a debtor?
A. A debt collector calls you every hour between 8 a.m. and 3 p.m.
B. A debt collector contacts you at work at 3 p.m.
O C. A debt collector calls you at home at 10 p.m.
D. A debt collector calls you at home at 5:30 a.m.
A scenario that does not describe your rights being violated as a debtor is A. A debt collector calls you every hour between 8 a.m. and 3 p.m.
What are debt collectors allowed to do?Debt collectors are allowed to call you during the daytime from 8 am to 3 pm.
They cannot however call you before 8 am or after 9 pm without your consent as these would be very inconvienient hours. Also, they can't call you at work.
In conclusion, option A is correct.
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Marketing and distribution system of Sole proprietorship
Answer:
Direct selling;
Selling through intermediaries;
Dual distribution; and.
Reverse channels.
Explanation:
Grand Gimmicks Company produces a single product with a current selling price of $170. Variable costs are $130 per unit, and fixed costs per month average $6,240. Management is considering increasing the selling price to $190 per unit. Assume that the cost of the product and monthly fixed expenses will not change as a result of the proposed increase in selling price.
At the current selling price of $170 per unit, what dollar volume of sales per month is necessary for Grand Gimmicks to generate monthly operating income of $12,000?
A.
$24,162
B.
$51,063
C.
$58,838
D.
$77,520
The correct answer is option D: $77,520.
Grand Gimmicks needs to achieve a monthly sales volume of $77,520 to generate a monthly operating income of $12,000 by selling 456 units per month at a selling price of $170 per unit.
How much sales volume is needed for Grand Gimmicks to generate a monthly operating income of $12,000?To determine the dollar volume of sales per month necessary for Grand Gimmicks to generate a monthly operating income of $12,000, we need to calculate the contribution margin per unit and use it to find the required number of units to cover the fixed costs and generate the desired operating income.
First, let's calculate the contribution margin per unit:
Contribution margin per unit = Selling price per unit - Variable cost per unit
Contribution margin per unit = $170 - $130
Contribution margin per unit = $40
Next, let's calculate the number of units required to cover the fixed costs and generate the desired operating income:
Operating income = (Contribution margin per unit x Number of units) - Fixed costs
$12,000 = ($40 x Number of units) - $6,240
Rearranging the equation, we can solve for the number of units:
($40 x Number of units) = $12,000 + $6,240
($40 x Number of units) = $18,240
Number of units = $18,240 / $40
Number of units = 456
Therefore, Grand Gimmicks needs to sell 456 units per month to generate a monthly operating income of $12,000.
To find the dollar volume of sales per month, we multiply the number of units by the selling price per unit:
Dollar volume of sales per month = Number of units x Selling price per unit
Dollar volume of sales per month = 456 x $170
Dollar volume of sales per month = $77,520
Therefore, the correct answer is option D: $77,520.
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Internal operations managers work with what function to coordinate inbound and outbound flows of materials and information?.
Internal operations managers work with the logistics function to coordinate inbound and outbound flows of materials and information. Logistics refers to the coordination of material and information flows within and between companies.
It includes activities such as transportation, warehousing, inventory management, packaging, and materials handling.The logistics function is responsible for the movement of goods from suppliers to customers. This includes inbound logistics (the movement of materials into the organization), outbound logistics (the movement of finished goods out of the organization), and reverse logistics (the movement of goods back to the organization from customers or suppliers).Internal operations managers work closely with the logistics function to ensure that materials and information are flowing smoothly and efficiently throughout the organization.
They are responsible for managing the day-to-day operations of the organization, including production planning, inventory management, and quality control. By working closely with the logistics function, they can ensure that the right materials are available at the right time, in the right quantities, and in the right condition to meet production schedules and customer demand.In conclusion, internal operations managers work with the logistics function to coordinate inbound and outbound flows of materials and information. They rely on the logistics function to ensure that materials are available when needed and that finished goods are delivered to customers on time.
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What should you NEVER do even if the email looks legitimate?
O Go directly to the website referenced by a link in the email
message.
O Delete the email message without reading it completely.
O Click a link in the email and then enter personal information
O Click a link in the email message and read information.
The grouping of jobs into working units usually called departments, units, groups, or divisions is called ______.
Answer:
The grouping of jobs into working units usually called departments, units, groups, or division is called Departmentalization.
Explanation:
Departmentalization is the efficient and effective grouping of jobs into meaningful work units to coordinate numerous jobs—all for the expeditious accomplishment of the organization's objectives. They are; basic organizational units and coordinating structure.
Analytically examine thi tatement ""Management tart from Planning and end up with controlling|""
Controlling identifies all kinds of deviations, which are subsequently corrected as necessary. In doing so, it reduces the discrepancy between expected and actual performance, making it simpler to meet corporate goals. Planning establishes the company's operating tenets and regulations.
How do planning and controlling relate to one another?Even though they are two different management functions, planning and controlling are tightly intertwined. if they both overlap, the extent of the actions.
Why is it crucial to plan and to control?The efficient operation of an organization depends on planning and controlling, hence they are both essential components of an organization. Together, regulating and planning strengthen one another.
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Which of the following is an example of the limited role of government in the economy
Answer:
the creation of privately-owned businesses
Explanation:
Write a sample professional greeting you would record on your professional cell phone to be heard by employers and recruiters if they reach your voice mail.
Answer:
hello you have reached Micah micks office line if this is an emergency please hang up and call my personal line if this isn't please leave an voicemail and ill get back to you shortly thank you goodbye
Explanation:
Answer:
Hello this is *your name* from the *blank* department. If you're calling for an emergency please contact my regular phone and I will try my hardest to get in contact with you as soon as possible.
Explanation:
Is anyone part of the Tallo Community?
Answer:
yes
Explanation:
yes
the term structure of interest rates tells us what _________ interest rate are on default-free, pure discount bonds of all maturities.
The term structure of interest rates tells us what "yield" the interest rates are on default-free, pure discount bonds of all maturities. It provides information on the interest rates for various maturities of default-free, pure discount bonds.
1. The term structure of interest rates is a graphical representation of interest rates on default-free, pure discount bonds of all maturities.
2. Default-free refers to bonds issued by entities with a very low likelihood of defaulting on their payments, such as government bonds.
3. Pure discount bonds are bonds that pay a single lump-sum payment at maturity, with no intermediate coupon payments.
4. Bonds of all maturities include short-term, medium-term, and long-term bonds.
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Internal venturing is a more attractive strategy than acquisitions when:
a. entry barriers are high.
b. exit barriers are high.
c. a company's business model is based on using its technology or design skills to innovate new kinds of products and enter related markets or industries.
d. it needs to move fast to establish a presence in an industry, commonly an embryonic or growth industry.
e. the company must make the huge investment necessary to develop the set of value-chain activities required to make and sell products in the new industry.
Internal venturing is a more attractive strategy than acquisitions when it needs to move fast to establish a presence in an industry, commonly an embryonic or growth industry.
Internal venturing can be a cost-effective and highly efficient way of entering new markets and industries, as it allows companies to take advantage of their existing technology and design skills to quickly come up with innovative products and services. Additionally, internal venturing can help companies to avoid the high costs associated with making a large investment in the development of an entire value-chain infrastructure. With internal venturing, companies can move swiftly to gain entry into an industry, giving them a competitive advantage in the short term and in the long term.
Internal venturing is a more attractive strategy than acquisitions when it needs to move fast to establish a presence in an industry, commonly an embryonic or growth industry.
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how old is Michael the fox
Who is Jake from Statefarm??
Answer:
my baby daddy.
Explanation:
I forgot to take the pill :(
Answer:
god
Explanation:
jake from state farm is god. *period*
PLEASE HELP AS QUICK AS YOU CAN
Question 21 (1 point)
Which of the following should be calculated as a start-up cost for a business?
(A) Rent
(B) Permits
(C) Utilities
(D) Payroll
Permits are typically considered a start-up cost for a business. Option B is correct.
Start-up costs are the expenses a new business incurs before it begins generating revenue. These costs are necessary for the business to become operational and may include expenses such as permits, licenses, legal fees, equipment, and initial inventory.
Permits are required for businesses to operate legally and are often required before other start-up expenses such as rent or utilities. Permits can include zoning permits, building permits, health permits, and business licenses. The cost of obtaining these permits can vary depending on the location and type of business.
Rent, utilities, and payroll are ongoing expenses that a business incurs after it has started generating revenue. These are not typically considered start-up costs since they are not necessary for the business to become operational but rather are recurring costs that a business will continue to incur.
Therefore, option B is correct.
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Are you going to get Paramount plus?
Yes, every CBS All Access subscriber will be automatically transitioned to Paramount+. An automatic update should upgrade the CBS All Access app to the new Paramount+ app early Thursday, but if that hasn’t happened, you can run a manual update on your device.
_________ is the removal of items from a store with the intention of not paying for them.
a. shrinkage
b. shoplifting
c. control
d. none of the above
Answer: lol that should be shoplifting