Financial contagion is a situation where financial disturbances spread from one economy or market to others, causing widespread economic disruption.
It arose during the debt crisis and Brexit in the UK. In the context of the debt crisis, the financial contagion arose due to the interdependence of economies as they were all affected by the sovereign debt crisis in Europe. This interdependence spread the crisis to other countries, causing economic disruptions. Moreover, the currency risk played a significant role in affecting the economic conditions in the UK since it caused uncertainty in the financial markets, which in turn led to an increase in the cost of borrowing and a decrease in investment.
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what is the over the counter market?select one:a.a stock exchangesb.a decentralized market not listed in an exchangec.feds foreign exchange market
Answer:
b. a decentralized market not listed in an exchange.
Explanation:
The over-the-counter (OTC) market refers to a decentralized marketplace where financial instruments such as stocks, bonds, commodities, and derivatives are traded directly between two parties, without being listed on a formal exchange. In the OTC market, trades are conducted through dealer networks, electronic systems, or other communication methods, allowing for direct transactions between buyers and sellers.
Unlike stock exchanges where trading occurs on a centralized platform with standardized rules and regulations, the OTC market provides more flexibility and customization in the trading process. It allows for the trading of securities that may not meet the listing requirements of formal exchanges or are not actively traded on exchanges.
One prominent example of the OTC market is the trading of over-the-counter stocks (also known as OTC stocks), which are stocks of companies that are not listed on major exchanges such as the New York Stock Exchange (NYSE) or NASDAQ. Instead, these stocks are traded through dealer networks or electronic platforms.
It's important to note that while the OTC market offers certain advantages such as flexibility and accessibility, it also carries certain risks, including less transparency and regulation compared to exchange-traded markets. Investors should exercise caution and conduct thorough research when participating in OTC trading.
Career connection Follow the instructions and record your work in the
Make your interview as strong as you can because it could mean the difference between landing your ideal job or not.
What is Career connection ?It is extremely valuable to seek the advice of an industry mentor, leader, or seasoned professional because you will not only learn about the person's specific job but also about the industry as a whole, how they got to where they are in the field, whether you would enjoy their work, and how to structure your own career goals from an industry expert.
Send a request for an informative interview through email or phone to the person's workplace to arrange a non-formal interview regarding their position.
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what are the potential effects on a project team if a project is not closed properly? select all that apply.
The potential effects on a project team if a project is not closed properly are: Negatively impacts the team's time and effort, Lessons learned could be lost if not recorded correctly And Diminishes the team's credibility
The correct options are: (a), (c) and (d)
As we know if a project is not closed properly, the project management team and the project team's efforts, time, and credibility may be negatively perceived for matters that are not their responsibility.
This means that the statements that describes the potential effects on a project team if a project is not closed properly are:
- Negatively impacts the team's time and effort,
- Lessons learned could be lost if not recorded correctly
- Diminishes the team's credibility
Therefore, the correct options are: (a), (c) and (d)
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The complete question is:
What are the potential effects on a project team if a project is not closed properly? Select all that apply.
a. Negatively impacts the team's time and effort
b. Encourages the team to move on to new projects
c. Lessons learned could be lost if not recorded correctly
d. Diminishes the team's credibility
describe the color white to a blind person
Which of the following choices incur speculative risk?
a.stocks
b.fire insurance on a house
c.options
d.life insurance
e.high interest savings account
Answer: correct option is A.
Explanation: A speculative risk can be defined as risk that is taken willingly either it results in profit or loss and the stocks involve in probability of gain and loss making it a speculative risk.
Stocks incur speculative risk. Therefore option A is correct.
What are Stocks?A stock usually referred to as equity, is a type of investment that denotes ownership in a portion of the issuing company. Shares, also known as units of stock, entitle their owners to a share of the company's assets and income in proportion to the number of shares they possess.
Common stock and preferred stock are the two primary categories of stocks.
Owners of common stock are entitled to dividends and the right to vote at shareholder meetings.
Common stockholders often do not have voting rights, while preferred stockholders typically get dividend payments ahead of time and are given preference over common investors in the event of a firm bankruptcy and asset liquidation.
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Telling customers that they only have until midnight to get sale prices is an appeal to
A. ethos.
B. logos.
C. pathos.
D. kairos.
Answer:
D. kairos.
Explanation:
Telling customers that they only have until midnight to get sale prices is an appeal to kairos.
Answer:
It's d
Explanation:
Which type of investment would be an example of an
investment at point B?
* a US savings bond
O a CD
O a stock
O a savings account
Suppose that an oil well is expected to produce 100,000 barrels of oil during its first year in production. However, its subsequent production (yield) is expected to decrease by 10% Over the previous year?s production. The oil well has a proven reserve of 1,000,000 barrels. (a) Suppose that the price of oil is expected to be $60 per barrel for the next several years. What would be the present worth of the anticipated revenue stream at an interest rate of 12% Compounded annually over the next seven years? (b) Suppose that the price of oil is expected to start at $60 per barrel during the first year, but to in crease at the rate of 5% over the previous year?s price. What would be the present worth of the anticipated revenue stream at an interest rate of 12% compounded annually Over the next seven years? (c) Consider part (b) again. After three years? production, you decide to sell the oil well. What would be a fair price?
(a). The present worth was calculated to be $173,466,882.
(b). The leading to present worth of the anticipated revenue stream at an interest rate of 12% compounded annually $321,959,611.
(c). The present worth formula was applied to get a fair price of $196,774,392.
(a) Using the geometric series formula, the anticipated revenue stream for the first year would be :
$60,000,000 (100,000 barrels x $60 per barrel)
The expected revenue for each subsequent year can be calculated as follows:
Year 2: $54,000,000 (90% x $60,000,000)
Year 3: $48,600,000 (90% x $54,000,000)
Year 4: $43,740,000 (90% x $48,600,000)
Year 5: $39,366,000 (90% x $43,740,000)
Year 6: $35,429,400 (90% x $39,366,000)
Year 7: $31,886,460 (90% x $35,429,400)
Using the present worth formula, the present worth of the anticipated revenue stream would be $173,466,882.
(b) The expected revenue for each year can be calculated as follows:
Year 1: $60,000,000
Year 2: $63,000,000 (105% x $60,000,000)
Year 3: $66,150,000 (105% x $63,000,000)
Year 4: $69,457,500 (105% x $66,150,000)
Year 5: $72,930,375 (105% x $69,457,500)
Year 6: $76,576,844 (105% x $72,930,375)
Year 7: $80,406,686 (105% x $76,576,844)
Using the present worth formula, the present worth of the anticipated revenue stream would be $321,959,611.
(c) After three years, the oil well would have produced:
Year 1: 100,000 barrels
Year 2: 90,000 barrels
Year 3: 81,000 barrels
The anticipated revenue for the remaining four years can be calculated using the same formula as in part (b):
Year 4: $57,246,750 (105% x $66,150,000)
Year 5: $60,109,088 (105% x $57,246,750)
Year 6: $63,114,542 (105% x $60,109,088)
Year 7: $66,270,269 (105% x $63,114,542)
Assuming that the interest rate remains constant at 12% and using the present worth formula, a fair price for the oil well would be $196,774,392.
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The correct question is:
Suppose that an oil well is expected to produce 100,000 barrels of oil during its first year in production. However, its subsequent production (yield) is expected to decrease by 10% Over the previous year?s production. The oil well has a proven reserve of 1,000,000 barrels.
(a) Suppose that the price of oil is expected to be $60 per barrel for the next several years. What would be the present worth of the anticipated revenue stream at an interest rate of 12% Compounded annually over the next seven years?
(b) Suppose that the price of oil is expected to start at $60 per barrel during the first year, but to in crease at the rate of 5% over the previous year?s price. What would be the present worth of the anticipated revenue stream at an interest rate of 12% compounded annually Over the next seven years?
(c) Consider part (b) again. After three years? production, you decide to sell the oil well. What would be a fair price?
The Carnegie Foundation issued a report recommending that middle schools Multiple Choice become smaller, become more personal, and involve parents more. be integrated with high schools so that older adolescents can serve as role models for younger adults. encompass a wider age range in order to spotlight differences in adolescent development. improve student use of technology and computers to develop relevant skills needed in the future job market.
Answer:
D. Smaller "communities" or "houses" should be developed to lessen the impersonal nature of large middle schools.
Explanation:
The carnage foundation is a US-based education policy and research center that is committed to teaching and developing a network of ideas, individuals, and advanced teaching institutions.If+sales+are+$806,000,+variable+costs+are+62%+of+sales,+and+operating+income+is+$247,000,+what+is+the+contribution+margin+ratio?
The Contribution Margin Ratio Will be 38% .The difference between a company's revenues and variable costs, stated as a percentage, is known as the contribution margin ratio.
The difference between a company's revenues and variable expenses, represented as a percentage, is the contribution margin ratio. The amount of money available to pay fixed expenses is shown by this ratio.Formula for the Contribution Margin Ratio
A company's contribution margin ratio (CM ratio) is determined by dividing revenue by revenue less all variable costs. It stands for the small gain from manufacturing an extra unit.to learn more about contribution margin ratio click the links
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food companies truly seem to be listening to customers who want healthy fast-food that is preservative, chemical, and antibiotic free. they are adjusting the _______ element of the marketing mix to meet customer needs.
Answer:
product
Explanation:
Food companies truly seem to be listening to customers who want healthy fast-food that is preservative, chemical, and antibiotic free. they are adjusting the product element of the marketing mix to meet customer needs.
The features of a product includes quality level, brand name, styling, and packaging. They always influence sales of produce.
Products of companies often contains components which the consumer uses when evaluating alternatives.
Conclusively, The components are the market, the problem, the solution, and the product itself
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why are differentiation and cost-leadership strategies referred to as generic business strategies?
Differentiation and cost-leadership strategies are referred to as generic business strategies because they can be applied across various industries and market segments, making them applicable to a wide range of businesses.
1. Differentiation Strategy: This strategy focuses on creating a unique and differentiated product or service that offers customers something distinct and valuable. By emphasizing features, quality, design, innovation, or customer service, a company aims to stand out from competitors and attract customers willing to pay a premium for the unique value provided.
2. Cost-Leadership Strategy: This strategy aims to achieve a competitive advantage by becoming the lowest-cost producer in the industry while maintaining acceptable quality. Companies employing this strategy focus on minimizing costs throughout their value chain, from sourcing raw materials to production, distribution, and customer service. By offering lower prices than competitors, they can attract price-sensitive customers and potentially gain market share.
Both differentiation and cost-leadership strategies are considered generic because they are not industry-specific and can be applied by businesses across different sectors. These strategies provide broad frameworks for businesses to compete effectively, regardless of their specific products, services, or markets.
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Differentiation and cost-leadership strategies are referred to as generic business strategies because they can be applied across various industries and market segments, making them applicable to a wide range of businesses.
1. Differentiation Strategy: This strategy focuses on creating a unique and differentiated product or service that offers customers something distinct and valuable. By emphasizing features, quality, design, innovation, or customer service, a company aims to stand out from competitors and attract customers willing to pay a premium for the unique value provided.
2. Cost-Leadership Strategy: This strategy aims to achieve a competitive advantage by becoming the lowest-cost producer in the industry while maintaining acceptable quality. Companies employing this strategy focus on minimizing costs throughout their value chain, from sourcing raw materials to production, distribution, and customer service. By offering lower prices than competitors, they can attract price-sensitive customers and potentially gain market share.
Both differentiation and cost-leadership strategies are considered generic because they are not industry-specific and can be applied by businesses across different sectors. These strategies provide broad frameworks for businesses to compete effectively, regardless of their specific products, services, or markets.
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Which scanning technologies is used by the banking industry to read data, account numbers, bank codes, and check numbers on preprinted checks?
The scanning technologies that are used by the banking industry to read data, account numbers, bank codes, and check numbers on preprinted checks is Optical Character Recognition (OCR)in the banking industry, Optical Character Recognition is used to read data account numbers,
the bank codes, and check numbers on preprinted checks. Optical Character Recognition (OCR) is a scanning technology used to recognize printed or written text characters inside digital images of physical documents, such as a scanned paper document or a photograph. The scanned image is converted into a machine-encoded text format by OCR. The scanning technology used by the banking industry to read data, account numbers, bank codes, and check numbers on preprinted checks is Optical Character Recognition (OCR)
Optical Character Recognition (OCR) is used to read data, account numbers, bank codes, and check numbers on preprinted checks in the banking industry. The scanning technology works by recognizing printed or written text characters inside digital images of physical documents, such as a scanned paper document or a photograph. Once the scanned image is captured, it is then converted into a machine-encoded text format by OCR. OCR technology is widely used in the banking industry as it saves time, reduces the possibility of errors, and is much faster than manually entering data OCR is an optical recognition technology that is capable of reading the numbers on a check using character recognition technology. The technology reads the characters on a check and converts them into digital text, which is then used to process the payment. OCR technology is used to help banks process payments more quickly and accurately.
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A withdrawal of cash from a bank that does not put the bank's reserves below the level of required reserves will ______.
If there is a withdrawal of cash from a bank which does not go below the required reserves, the withdrawal will not change money supply but will reduce bank checkable deposits.
What does withdrawing from a bank do?If one withdraws money from a bank, it will reduce the bank's checkable deposits as these are made of cash that was deposited by entities.
As regards total money supply however, these withdrawals will only have an impact if the withdrawal causes bank reserves to fall below the required reserves.
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What is the difference between entrepreneurship and wage employment?
The correct answer is entrepreneurship and wage employment represent two distinct types of work and careers.
Wage employment refers to the situation in which an individual works for someone else in exchange for a fixed salary or hourly wage. The employer provides the resources, direction, and control of the work, and the employee generally has limited decision-making power over their role and responsibilities. Entrepreneurship, on the other hand, refers to the creation and operation of a business by an individual or group of individuals. Entrepreneurs take on the risk and reward associated with starting and running a business, and they typically have greater control over their work and decision-making. Entrepreneurs must raise capital, identify a target market, develop and market products or services, and manage the day-to-day operations of the business. The key difference between entrepreneurship and wage employment is the level of risk and control involved. Wage employment offers stability and a consistent income, but limited decision-making power and upward mobility. Entrepreneurship offers more control and the potential for greater rewards, but also carries more risk and uncertainty. Both paths have their advantages and disadvantages, and the choice between them ultimately depends on an individual's goals, skills, and risk tolerance.
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Mention five legal ways to spend money
Some ways that you can spend money legally are:
Buying booksGoing on a vacationBuying a companyGiving to the poor or a charityEmploying laborWhat is Money?This refers to the legal tender that is used for the buying and selling of goods and services that have an inherent value
Hence, we can see that based on the given question, money can be spent in a variety of ways legally and this includes starting a business, giving to the poor, etc.
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A logistics company has hired you as a consultant for their SCM
implementation. Explain in detail the flow of the supply to the
stakeholders. (800 words)
The flow of supply involves the movement of goods and information from suppliers to stakeholders, ensuring timely delivery and meeting customer demands.
In a supply chain, the flow of supply refers to the process of managing the movement of goods and information from suppliers to stakeholders, including manufacturers, distributors, retailers, and end customers. It involves several key steps: Supplier Selection: Identifying and selecting reliable suppliers who can provide the required materials or products. Procurement: Purchasing the necessary materials or products from suppliers, which involves negotiating contracts, placing orders, and coordinating deliveries. Production: Transforming raw materials into finished goods through manufacturing or assembly processes.
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Evaluate the use of animals in attachment research
In the ________ era, manufacturers focused on product innovation, rather than satisfying the needs of individual customers.
It should be noted that in the Production Oriented Era,manufacturers focused on product innovation, rather than satisfying the needs of individual customers.
What is Production Oriented Era?Production Oriented Era can be regarded as an era in which manufacturers were concerned with product innovation, they do this instead of meeting customers needs.
In this era Retailers were considered places to hold inventory until it was sold.
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What are ways to access your money in your checking account?
You can make payments using check cards, automated teller machines (ATMs), or paper checks. Apply an ATM. You can visit an ATM to withdraw money if you have an ATM (Automated Teller Machine) card or debit card linked to your bank account.
Atmosphere (unit) or atm, a unit of atmospheric pressure, automated teller machine, a cash dispenser, or cash machine are all terms that are frequently used interchangeably. Automated Teller Machines, sometimes known as ATMs, are self-service banking locations. You can send dollars, check your balance, and withdraw money. By placing ATMs in various locations across the nation, different banks offer their ATM services. Automated teller machines (ATMs) are online banking locations that let customers do transactions without visiting a bank branch. Various operations, including check deposits, balance transfers, and bill payments, are possible with certain ATMs, while others are just straightforward cash dispensers.
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5. A man has $ 10,000 to invest. He invests $ 4000 at 5 % and $ 3500 at 4 %. In order to have a yearly income of $ 500, he must invest the remainder at:
(a) 6 % ,
(b) 6.1 %,
(c) 6.2 %,
(d) 6.3 %,
(e) 6.4 %
Income from $ 4000 at 5 % in one year = $ 4000 of 5 %.
= $ 4000 × 5/100
= $ 4000 × 0.05
= $ 200
Income from $ 3500 at 4 % in one year = $ 3500 of 4 %.
= $ 3500 × 4/100
= $ 3500 × 0.04
= $ 140
Total income from 4000 at 5 % and 3500 at 4 % = $ 200 + $ 140 = $ 340.
Remaining income amount in order to have a yearly income of $ 500 = $ 500 - $ 340.
= $ 160
Total invested amount
= $ 4000 + $ 3500
= $7500
Remaining invest amount
= $ 10000 - $ 7500
= $ 2500
We know that, Interest = Principal × Rate × Time
Interest = $ 160
Principal = $ 2500
Rate = r [we need to find the value of r]
Time = 1 year
160 = 2500 × r × 1
160 = 2500r
160/2500 = 2500r/2500 [divide both sides by 2500
0.064 = r
r = 0.064
Therefore, he invested the remaining amount $ 2500 at 6.4 %. (answer= option e)
A company is considering several software as a service (saas) platform providers to manage their talent lifecycle of hiring, onboarding, ongoing career development, and payroll. where should the company primarily focus when evaluating different saas providers?
When evaluating different SaaS providers, the company should primarily focus on the provider's ability to deliver the desired functionality, reliability, and security.
What is SaaS?
A method of distributing applications over the internet as a service is known as software as a service (or SaaS). SaaS applications, also known as Internet software, on-demand software, as well as hosted software, let you access software over the Internet without having to install and maintain it. This relieves you of the burden of complicated software as well as hardware management. Whatever name they go by, SaaS applications run just on servers of a SaaS provider. Security, availability, and performance of access to the application are all managed by the provider. A good analogy for the SaaS model is a bank, which protects each customer's privacy while offering a service that is dependable and secure—on a large scale. Customers of a bank can use the same financial technology and systems without being concerned about unauthorised access to their personal data.
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The gollowing is a list of account balances (except for owner's capital) of Wilson Mowing Service as of December 31 of the first year of operation:
Accounts receivable: $2,500
Accounts payable: $3,500
Salary expense: $4,500
Repairs expense: $800
Truck: $8,500
Equipment: $6,300
Notes payable: $8,200
Cash: $6,800
Supplies expense: $1,600
Service revenue: $31,900
Gasoline expense: $3,800
Salary payable: $200
The proprietor, J.D. Wilson, contributed $3,000 at the beginning of the year; during the year, the proprietor took $12,000 in drawings.
At the end of the year, what is net income?
A. $11,900
B. $21,200
C. $24,100
D. $12,200
The final owner has negative equity, hence there is a $2,600 net loss. Since the question specifically asks for net income, we must flip the sign, and the correct response is C, which is $24,100.
To calculate the net income, we need to find the total revenue and subtract the total expenses. The total revenue is the service revenue of $31,900. The total expenses are the sum of salary expense, repairs expense, supplies expense, gasoline expense, and salary payable, which is $4,500 + $800 + $1,600 + $3,800 + $200 = $10,900.
Next, we need to calculate the total assets and total liabilities. The total assets are the sum of accounts receivable, truck, equipment, and cash, which is $2,500 + $8,500 + $6,300 + $6,800 = $24,100. The total liabilities are the sum of accounts payable and notes payable, which is $3,500 + $8,200 = $11,700.
To calculate the owner's equity, we need to subtract the total liabilities from the total assets. Therefore, the owner's equity is $24,100 - $11,700 = $12,400.
Finally, we can calculate the net income by subtracting the drawings from the owner's equity. The owner's equity at the beginning of the year was $3,000, and the proprietor took $12,000 in drawings during the year, so the ending owner's equity is $12,400 - $3,000 - $12,000 = -$2,600. Since the ending owner's equity is negative, there is a net loss of $2,600. However, the question asks for the net income, so we need to flip the sign and the answer is C, $24,100.
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One can expect their sales volume to be ____ when they are in their product/market fit.
(Gmetrix ESB packet question)
One can expect their sales volume to be high when they are in their product/market fit.
What is sales volume?The amount of units that your business sells over the course of a given reporting period is referred to as sales volume. Depending on the amount of sales volume you want to monitor, this time frame could be a month, a quarter, or a year. Investors commonly use sales volume to determine if a firm is expanding or decreasing.
Sales volume and sales revenue are not the same thing. The quantity of products sold over a specific time frame, sometimes a quarter or a year, is referred to as sales volume. On the other hand, sales revenue measures the amount of money a company earns during a set time.
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Why should you check the spelling by reading a document even if you used Writer's Spell Check feature? A. The Spell Check dictionary is usually out of date. B. Spell Check won't recognize mistakes you've made when you misspell a word in a way that makes another word. C. Spell Check only checks the first half of a document, so you have to check the rest yourself. D. The Spell Check suggestions are always wrong.
Answer:
B) Spell Check won't recognize mistakes you've made when you misspell a word in a way that makes another word.
Explanation:
To remain relevant in today’s e-commerce landscape, many businesses use progressive ________ applications to undertake m-commerce.
To remain relevant in today’s e-commerce landscape, many businesses use progressive mobile applications to undertake m-commerce.
What is e-commerce?It should be noted that e-commerce simply means the buying and selling of goods through the internet.
In this case, to remain relevant in today’s e-commerce landscape, many businesses use progressive mobile applications to undertake m-commerce.
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Sandy Bottoms Corporation generated taxable income (before depreciation, interest expense, and any tax loss carryovers) of $3 million this year. Taxable income included $75,000,000 of revenue and $350,000 of interest income. Assuming the business has been generating more than $26 million of revenue over the past years, what is Sandy Bottoms's maximum interest expense deduction for the year?
Sandy Bottoms Corporation's maximum interest expense deduction for the year is $795,000.
The maximum interest expense deduction for the year is limited to 30% of the taxpayer's adjusted taxable income (ATI) for the year.
To calculate ATI, we need to start with taxable income and make certain adjustments. Specifically, we need to add back depreciation and any tax loss carryovers, and we need to subtract interest income.
In this case, we are told that Sandy Bottoms Corporation generated taxable income (before depreciation, interest expense, and any tax loss carryovers) of $3 million this year.
Taxable income included $75,000,000 of revenue and $350,000 of interest income. We are also told that the business has been generating more than $26 million in revenue over the past years.
Since we are not given any information about tax loss carryovers or depreciation, we will assume that these amounts are zero. Therefore, Sandy Bottoms Corporation's ATI for the year is:
ATI = taxable income + depreciation + tax loss carryovers - interest income
= $3,000,000 + $0 + $0 - $350,000
= $2,650,000
The maximum interest expense deduction for the year is:
30% x ATI = 0.3 x $2,650,000 = $795,000
Therefore, Sandy Bottoms Corporation's maximum interest expense deduction for the year is $795,000.
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Select all that apply.
Common skills assessments administered during the employment interview process include:
none of the above
science
keyboarding
math
Answer:
Keyboarding and Math :)
Explanation:
Match each business management role to its corresponding description.
Answer:
Explanation:
1.) 3
2.) 4
3.) 2
4.) 1
The role of Chief operating officer is to develop policies and structure to protect company data. The appropriate response is statement 3.
Who is a Chief operating officer ?A Chief Operating Officer (COO) is a corporate leader who is in charge of managing a company's continuing business operations. The COO is often the company's second-in-command and reports to the CEO. Chief Operations Officer, Operations Director, and Director of Operations are other titles for the COO.
The CEO is in charge of managing all resources and overseeing the staff, with the COO serving as his or her deputy. In all business meetings and management decisions, the CEO represents the company. The COO manages revenue, expenses, task distribution, client happiness, and efficiency.
The appropriate responses are
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The disadvantages of a system when it works in isolation are: 1. It becomes difficult to collect and analyze the data needed for the functioning of any department. 2. It results in the loss of profits to the organization that could have been better spent in decision making. 3. Business executive or decision-maker cannot take good decisions with the isolated data.
Answer:
Option B, 1 & 2
Explanation:
The complete question is-
The disadvantages of a system when it works in isolation are:
1. It becomes difficult to collect and analyse data needed for the functioning of any department.
2. It results in the loss of profits to the organisation that could have been better spent in decision making.
3. Business executive or decision-maker cannot take good decisions with the isolated data.
a. 1 & 3
b. 1 & 2
c. 2 & 3
d. 1
Solution -
An isolation system also has work control system, training and competence, operating procedures and management. This system can work adequately only when these arrangement work adequately and this not possible without integration with the entire system.
It become difficult to collect isolated data, its assessment and making decision regarding the betterment of system.
Hence, Option B is correct
The disadvantages of an ERP system when it works in isolation are:
It becomes difficult to collect and analyze the data needed for the functioning of any department.It results in the loss of profits to the organization that could have been better spent in decision making.What is an ERP system?Enterprise Resource Planning (ERP) System refers to a system used by businesses to manage its activities such as manufacturing, supply, services, and other such activities. ERP is a link that connects each and every aspect of an enterprise.
When an ERP system works in isolation, it is difficult for the departments to collect and analyze data and hence affects its functioning.
Also, the organization may face losses as the data required may not be readily available to a department and hence the decisions cannot be taken effectively.
Therefore the correct options are 1 and 2.
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