The statement "Other things equal, a firm will have to pay a higher coupon rate on its subordinated debentures than on its second mortgage bonds." is True
This is further explained below.
What is a Mortgage?Generally, MBS stands for mortgage-backed securities, which are bonds that are backed by mortgages and other types of real estate loans.
They are produced when a number of these loans, which often have qualities that are comparable to one another, are pooled together.
A company that operates for the purpose of making a profit and is often structured as a partnership in order to carry out the provision of professional services, such as legal or accounting work, is referred to as a firm.
The maximization of profits is the overarching goal of the business, according to the theory of the firm.
In conclusion, It is correct to say that, "all things being equal, a company will be required to pay a greater coupon rate on its subordinated debentures than on its second mortgage bonds."
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How will you approach becoming financially independent?
How do you songwriters earn money from their songs
Answer:
Good question I think its because people buy there albums and
Explanation:
Answer:
they receive royalties
Explanation:
If a firm wished to maximize total revenues, it should produce where: a. marginal revenue is equal to marginal cost. b. marginal revenue is zero. c. marginal cost is zero. d. marginal revenue is equal to price.
Answer:
A. marginal revenue is equal to marginal cost
If a firm wished to maximize total revenues, it should produce where marginal revenue is equal to marginal cost. Thus, option A is correct.
What is the marginal cost?The marginal cost is the rise in production costs caused by the manufacture of more product units. It's also referred to as the marginal cost of manufacturing. Measuring the marginal cost enables businesses to determine how volume produced affects cost and, eventually, profits.
The marginal cost is the incremental cost of producing an additional item. Assume that it costs $100 to produce 100 vehicle tires. It would cost $80 to create one extra tire. This is the marginal cost: the cost of producing one more unit of an item or service. The marginal cost is determined by the costs of production.
To maximize overall revenues, a company should create where marginal revenue equals marginal cost. As a result, option A is correct.
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Why very few subsistence economies exist today
Answer:
As previously mentioned,
subsistence markets are
extremely vulnerable to
external influences.
Because of this
vulnerability, these economies are
becoming more scarce around the
world. In the past, for example, large
populations of indigenous peoples lived
throughout North America.
At Just In Time Logistics, managers and workers share responsibilities, managers stress employee participation in all aspects of company decision making, and employment is long-term. What theory of management does Just In Time Logistics follow
Just In Time Logistics managers and workers share responsibilities, this follows Theory Z management
What is Theory Z?Theory Z is a management theory based on the combination of American and Japanese management philosophies.
Theory Z involves managers and workers share responsibilities, managers stress employee participation in all aspects of company decision making, and employment is long-term.
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A house is being appraised using the sales comparison approach. The house has three bedrooms, two bathrooms, and a patio. The appraiser selects a comparable house that has three bedrooms, 3 bathrooms, and no patio. The comparable house just sold for $200,000. A bath is valued at $7,000, and a patio at $2,000. Assuming all else is equal, what is the adjusted value of the comparable
Answer:
$195,000
Explanation:
Calculation for the adjusted value of the comparable
Using this formula
Adjusted value=( Sales of comparable house-Bath value +Patio cost)
Let plug in the formula
Adjusted value=$200,000-$7,000+$2,000
Adjusted value =$195,000
Therefore the adjusted value of the comparable assuming all else is equal would be $195,000
We use percentage changes in the formula for estimating the price elasticity of demand coefficient in order to:.
Percentage changes are used in the formula for estimating the price elasticity of demand coefficient for calculating the responsiveness of a product's demand to changes in its price.
Hence, we use percentage changes in the formula for estimating the price elasticity of demand coefficient in order to measure the degree to which the quantity of a product demanded changes in response to a change in the product's price. This is the definition of price elasticity of demand. The formula used for estimating the price elasticity of demand coefficient is given as:
$$\mathrm{E_d}=\frac{\%\Delta \mathrm{Q_d}}{\%\Delta \mathrm{P}}$$
Where,\(\mathrm{E_d}\)
is the price elasticity of demand
\(\mathrm{Q_d}\) is the quantity demanded
\(\mathrm{P}\) is the price
As can be seen from the above formula, the percentage changes in price and quantity demanded are used for calculating the price elasticity of demand coefficient. Hence, the use of percentage changes helps in estimating the responsiveness of demand to price changes.
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Casey is looking to buy a new replacement set of golf clubs. After he settles on a particular set of callaway clubs, what are the next two choices casey has to make?
The next two choices Casey has to make are the type of shafts he wants in his clubs and the type of grips he wants on them. Shafts come in different materials such as steel, graphite, and titanium, and they come in varying flexes and weights.
What do you know about graphite?
Graphite is a dark gray to black mineral with a metallic luster and very low hardness on the Mohs scale. Graphite has a layered structure and is composed of very weakly bonded carbon atoms arranged in hexagonal lattices. Graphite is an excellent conductor of electricity and heat, though it is relatively soft and can easily be scratched. It is also very dense and has a high melting point. Graphite is used in a variety of applications from pencils to lubricants to electrodes in fuel cells. It is also an important material used in the manufacture of steel. Graphite is also a source of graphene, a two-dimensional form of carbon with a wide range of applications in electronics and nanotechnology.
Grips come in a variety of materials, textures, and sizes. Choosing the right shaft and grip can help maximize the performance of the clubs.
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which is the smallest number that can be divided by 15 16 and 21 leaving a reminder of 3
The smallest number will of course be seven; however, you most likely meant the smallest number other than seven.
To meet the criteria stated, n-7 must be a multiple of 15, 21, and 18. Since 0 is a multiple of all numbers, 7 works for this, but to find the second-smallest, we will have to find the smallest number (othed than 0) that is a multiple of all three, the LCM.
We start with the prime factorization of each numbers
15=3×5
21=3×7
18=2×3×3
We now multiply the prime factors together, but factors that multiple numbers have in common ard only counted once. Therefore, the LCM is 2×3×3×5×7. Not that we still multiply by 3 twice because the number 18 has three as a factor twice. However, we don't count it a third our fourth time even though it is a factor of the other numbers. 2×3×3×5×7=630, so 630 is the LCM of 15, 21, and 18. Therefore 637 will have a reminder of 7 when divided by either of them.
Ramirez Company installs a computerized manufacturing machine in its factory at the beginning of the year at a cost of $45,900. The machine's useful life is estimated at 10 years, or 399,000 units of product, with a $6,000 salvage value. During its second year, the machine produces 33,900 units of product.
Determine the machine's second-year depreciation and year end book value under the straight-line method
Answer:
7,980 and $37,920
Explanation:
The computation of machine's second-year depreciation and year end book value under the straight-line method is shown below:-
Depreciation
= (Purchase cost - Salvage value) ÷ Useful life
= ($45,900 - $6,000) ÷ 10
= $3,990
Now,
Depreciation for year 1 is equals to Depreciation for year 2 = $3,990
2nd year
Accumulated depreciation at the end is
= $3,990 + $3,990
= $ 7,980
Now, Book value at the end of the second year
= Purchase cost - Accumulated depreciation
= $45,900 - $7,980
= $37,920
Regina Harrison is a partner in Pressed for Time. An analysis of Regina Harrison's capital account indicates that during the most recent year, she withdrew $20,000 from the partnership. Her share of the partnership's net loss was $16,000 and she made an additional equity contribution of $10,000. Her capital account ended the year at $150,000. What was her capital balance at the beginning of the year
Regina Harrison's capital balance at the beginning of the year was $176,000.
To determine Regina Harrison's capital balance at the beginning of the year, we need to consider the changes to her capital account during the year.
Beginning Capital Balance + Additional Equity Contribution - Withdrawals + Share of Net Loss = Ending Capital Balance
Let's assign variables to the values given:
Beginning Capital Balance = X
Additional Equity Contribution = $10,000
Withdrawals = $20,000
Share of Net Loss = $16,000
Ending Capital Balance = $150,000
Using the equation above, we can solve for X (the beginning capital balance):
X + $10,000 - $20,000 - $16,000 = $150,000
Simplifying the equation:
X - $26,000 = $150,000
X = $150,000 + $26,000
X = $176,000
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Benny is self-employed. he’s experienced a bit of success over the last few years and is now ready to purchase a home. he’s meeting with a lender later today. what can benny expect?
Benny is self-employed. he’s experienced a bit of success over the last few years and is now ready to purchase a home. he’s meeting with a lender later today . Benny can expect to be asked for additional documentation to verify his income.
Self-employment is the state of being able to work for yourself rather than for your employer. Tax authorities generally consider an individual to be self-employed if they choose to be recognized as self-employed or if the individual has income that is taxable.
Self-employed means doing business as a partner or owner rather than working for your employer. According to IRS guidance (page 2), a person who “trades or does business as a sole proprietorship or independent contractor” is self-employed.
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What four factors must be taken into consideration to determine the right price for a product?.
Factors that must be taken into consideration to determine the right price for a product are;
Costs of productionCustomers. Positioning of the products.Competitors that are available in the same marketWhat is a price?Price serve as the the cost consumers pay for a product.
The price of a product is it's value, however, one needs to consider the cost of production as well as what the consumer wants.
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The facts of organizational life are?
The facts of organizational life are
It is not a democracy; some people have more power; decisions are subjective; your boss has power over your life; and it is dysfunctional
Demokratie, which can be translated as "power of the people," is a form of government that is based on popular will. The word democracy is derived from the Greek words "demos," which means "people," and "kratos," which means "power."What constitutes democracy's central tenet?
However, it is generally agreed that Athens, in the fifth century BC, is where democracy's core principles first appeared. Democracy is described as a form of government in The Webster New Encyclopaedic Dictionary (1995) as one in which the people themselves directly or indirectly exercise absolute power through representation.
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an apartment building must have a resident property manager if the building has
An apartment building must have a resident property manager if the building requires on-site management for tasks such as property maintenance, tenant relations, and compliance with regulations.
An apartment building must have a resident property manager if the building has specific requirements or regulations that necessitate on-site management, such as maintaining the property, addressing tenant concerns, coordinating repairs and maintenance, ensuring compliance with local laws and regulations, and handling day-to-day operations.
Having a resident property manager offers several benefits for both the property owner and the tenants. The property manager can handle tenant screening and selection, lease agreements, rent collection, and tenant relations, ensuring a smooth and efficient rental process.
They can also address maintenance issues promptly, ensuring that the building is well-maintained and tenants' needs are met.
Additionally, a resident property manager can act as a point of contact for emergencies, security concerns, and general inquiries, providing a sense of security and convenience for the residents. They can also enforce property rules and regulations, handle disputes or conflicts among tenants, and maintain a safe and comfortable living environment.
Having a resident property manager is especially crucial for larger apartment buildings or complexes with a significant number of units. The scale and complexity of managing such properties require an on-site manager who can oversee the various tasks and responsibilities involved.
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How can you improve your credit score?
Answer:
Explanation:
According to Forbes, some ways to raise a credit score quickly include raising credit limits, keeping accounts open and paying bills on time
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50. A debris management plan should not include private property issues because these issues are outside the control of the jurisdiction:
A debris management plan should not include private property issues because they are beyond the jurisdiction's control. Private property issues involve the rights and responsibilities of individual property owners, which are governed by property laws and regulations. The jurisdiction's authority typically extends to public areas and properties under its control.
Private property issues pertain to the rights and obligations of individuals regarding their property. These issues are governed by property laws and regulations, which grant property owners exclusive control over their land. In most cases, jurisdictions, such as local governments, have limited authority over private property matters. Their powers are generally focused on public areas and properties under their control, such as public roads, parks, or government-owned land.
Including private property issues in a debris management plan would involve aspects such as debris removal from private properties, access permissions, or property cleanup. However, addressing these matters would infringe upon the rights of property owners and exceed the jurisdiction's authority. It is typically the responsibility of individual property owners to manage debris on their own properties or engage with private contractors for removal.
A debris management plan should primarily focus on public areas and properties under the jurisdiction's control. It should outline procedures for clearing debris from public roads, parks, government-owned land, and other similar areas. The plan may involve coordinating with property owners in cases where debris on private property poses a public safety or health concern. However, the jurisdiction's role is typically limited to ensuring public safety and coordinating efforts on public property, rather than directly addressing private property issues.
In summary, private property issues are beyond the control of jurisdictions when it comes to debris management planning. Jurisdictions should focus on public areas and properties under their control, respecting the rights of property owners and allowing them to handle debris removal and related matters on their own properties, in accordance with applicable property laws and regulations.
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list three key features of a business planning process and that are relevent to researching and reviewing
Three key features of a business planning process that are relevant to researching and reviewing include Market Research and Analysis, Financial Forecasting and Analysis, and SWOT Analysis.
These three key features—market research and analysis, financial forecasting and analysis, and SWOT analysis—provide a strong foundation for researching and reviewing a business planning process. They help in gathering relevant information, evaluating the financial viability, understanding the market dynamics, and assessing the internal and external factors that can influence the business's success.
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What is the marginal revenue and marginal cost for this diagram?
What type of market is this? Explain your answer
Marginal revenue :
2060120200300420560Marginal cost :
108210192640It is a Monopolistic market structure because marginal revenue is greater than the marginal cost.
Marginal Revenue is the increase in the revenue by selling one extra product in the market. It is calculated by the Change in revenue divided by the change in output.
Marginal cost is the change in cost by producing one extra unit of output. It is calculated by a change in cost divided by the change in units.
Monopolistic market structure is where there are multiple companies producing similar products in the market.Example for monopolistic structure can be a grocery store.
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Which of the following correctly lists, in increasing order, the resistance of microorganisms to chemical biocides?
The resistance of microorganisms to chemical biocides can be classified into four increasing orders: low, moderate, high, and very high.
Low resistance is characterized by a short period of effective control and a decrease in the amount of biocide required to achieve control. Moderate resistance is characterized by the need for increased concentrations of biocide and an extended period of time for control to be effective. High resistance is characterized by extreme concentrations of biocide and prolonged periods of time for control to be achieved. Very high resistance is characterized by complete resistance to the biocide and no control achieved.
In general, gram-negative bacteria have higher levels of resistance than gram-positive bacteria. Gram-negative bacteria can have efflux pumps which actively remove biocides from the cell and this contributes to their increased levels of resistance. Furthermore, mutations in genes can cause increased levels of biocide resistance, making it even more difficult to control.
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what to do when opening your first online store
Answer:
You share it to everyone. Marketing is the first to do
Annual starting salaries for college graduates with degrees in business administration are generally expected to be between $30,000 and $50,000. Assume that a 95% confidence interval estimate of the population mean annual starting salary is desired a. What is the planning value for the population standard deviation? b. How large a sample should be taken if the desired margin of error is $3007 Round your answers to next whole number. c. Would you recommend trying to obtain the $70 margin of error? Explain.
a. Planning value for population standard deviation :
A confidence interval is made up of the main answer and the margin of error. The standard deviation (sigma) is used in the calculation of the margin of error in most of the calculations. However, in most cases, the population standard deviation is not known, so it must be calculated from the sample. In this case, however, no sample has yet been taken, so the population standard deviation must be estimated by assuming that it is between $30,000 and $50,000. Therefore, it is necessary to utilize the range rule of thumb, which is defined as:σ ≈ range/4
Where σ is the population standard deviation, and the range is the difference between the highest and lowest values in the dataset.
Using the above rule of thumb:σ ≈ ($50,000 - $30,000)/4 = $5000Thus, the planning value for the population standard deviation is $5,000.b. How large a sample should be taken if the desired margin of error is $3007:Use the following formula to calculate the sample size, where n is the sample size, and z is the z-value for the desired confidence level: n = (zσ/E)²Where σ is the population standard deviation, E is the desired margin of error, and z is the z-value for the desired confidence level.
Using the above formula and the values are given:
n = (1.96 x $5000 / $3007)² ≈ 21Therefore, a sample size of 21 should be taken if the desired margin of error is $3007. The answer must be rounded to the next whole number, which is 21.c. Would you recommend trying to obtain the $70 margin of error? Explain:
It is not recommended to obtain a $70 margin of error since it is impossible to obtain a margin of error that small. A margin of error of $70 corresponds to a confidence interval of roughly $30,000 ± $35, which is far too narrow to be of any use. As a result, obtaining a $70 margin of error is impractical, and increasing the sample size to attempt to achieve a smaller margin of error may not always be cost-effective. Therefore, it is usually preferable to strike a balance between the desired margin of error and the cost of obtaining the sample.
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Identify whether the expense below would be considered a want, a need, or savings.
Concert tickets
Savings
Want
Need
From what you have learned, describe the role of buyers and sellers in determining market clearing price. Provide "real life" scenarios and examples.
Answer:
Buyers try to minimize what they spend by buying at the lowest price and not purchasing if the price is too high. Because of this we have the law of demand in which quantity demanded decreases as price increases. On the other hand, sellers try to maximize their earnings by increasing quantity supplied as high as price allows (the law of supply states that as price increases, so does quantity supplied). The price in which the two parties compromise is the market clearance price.
Now lets look at the price of bubble gum, an elastic good. When sellers list this product at a higher price they are more willing to supply more products to their buyers. Buyers however will respond to an increase in price with a decrease of bubble gum purchases. These two counteracting parties set a limit on the price of gum and the quantity supplied. This illustrates the concept of the invisible hand driving the market to find the clearance price, or equilibrium, of bubblegum.
Answer for 25 points link to video
Based on Coca Cola's most recent yearly report, they offer over 1.9 billion servings of their items each day in more than 200 nations.
What is the Coca-Cola’s Business about?In terms of question 2, Coca Cola depends intensely on its bottling accomplices for the conveyance of its items. These bottling accomplices are autonomous firms that have understandings with Coca Cola to make, bundle, and disperse its refreshments.
Lastly, for question 3, Coca Cola's approaches to achieving goals in the immediate and distant future exhibit notable differences. In the immediate future, the company's primary goal is to sustain its market presence and financial viability by implementing measures such as reducing expenses and conducting focused promotional efforts.
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See text below
video transcript
0:00
Coca-Cola’s Business And Distribution Strategy
0:03
According to official statistics,1.9 billion Coca-Cola products are sold around the world
0:09
everyday.
0:11
The Coca-Cola Company is a global business that operates on a local scale.
0:16
The Company is able to create a global reach with local focus because of the strength of
0:20
its system, which comprises the Coca-Cola Company and their more than 250 bottling partners
0:26
worldwide.
0:28
The system has numerous legal and managerial departments and sections, all independent
0:32
of each other, and it does not own or control all of its bottling partners worldwide.
0:38
While it is generally perceived that Coca-Cola runs all its operations globally, this process
0:43
is done through various local channels.
0:47
Coca-Cola typically agrees to refrain from selling or distributing, or from authorized
0:51
third parties to sell or distribute, the Company Trademark Beverages throughout the identified
0:56
territory, to guarantee bottling partner exclusivity under that territory and product.
1:02
However, Coca-Cola typically reserves for itself the right to manufacture and distribute
1:08
its trademarked products and brands.
1:11
In exchange Coca-Cola also participates in the sales and marketing activities of its
1:15
bottling partners.
1:18
For instance, in 2019, Coca-Cola spent $4.4 billion in promotional and marketing programs
1:25
with bottling partners.
1:27
The bottling partners manufacture, package and distribute the final branded beverages
1:32
to customers and vending partners, who then sell products to consumers.
1:37
All bottling partners work closely with suppliers- grocery stores, restaurants, convenience stores,
1:43
amongst many others- to execute localized strategies developed in partnership with Coca-Cola.
1:50
More precisely, although Coca-Cola is a global company, its products never have to travel
1:55
far to reach the final consumer, making the product more local than you may think, the
2:00
product is made local to the market where it is sold.
2:04
Their business is a local business, typically products aren’t shipped more than a few
2:08
hundred miles; it’s all about being responsive to the customers needs and the local tastes
2:13
of the consumers in every market.
after watching the video answer the following questions:
1) How many Coca Cola products are sold around the world?
2) How do their bottling partners assist with their distribution?
3) How does Coca Cola act as a company short-term and long term? What is the difference between the two (Be very detailed)
which risk handling mode is a project manager using if he / she throws out one of three designs for a new product?
The project manager is using the risk mitigation mode when he or she throws out one of the three designs for a new product. Risk mitigation is a risk handling mode that involves taking action to reduce the likelihood and impact of a potential risk. In this case, the project manager is identifying the potential risk that one of the three designs may not be feasible or may not meet the requirements of the stakeholders. By throwing out one of the designs, the project manager is reducing the likelihood of this risk occurring.
The project manager is also reducing the impact of the potential risk by eliminating the design early in the project lifecycle. By doing so, the project team can focus their efforts and resources on the remaining two designs, increasing the chances of success. Additionally, the project manager may have identified other risks associated with the design that was thrown out, such as technical feasibility or cost, and by eliminating it early, the project team can avoid these risks altogether.
Overall, risk mitigation is a proactive approach to risk management that involves identifying potential risks and taking action to reduce their likelihood and impact. By throwing out one of the designs for the new product, the project manager is reducing the risk of failure and increasing the chances of success for the project.
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The risk handling mode used by a project manager when they discard one of three designs for a new product is known as risk mitigation.
What are the other risk handling modes besides risk mitigation?The risk handling mode used by a project manager when they discard one of three designs for a new product is known as risk mitigation. Risk mitigation involves taking actions to reduce the likelihood or impact of identified risks.
In this case, the project manager is reducing the risk of choosing an unsuitable design by eliminating one of the options.
By discarding one of the designs, the project manager is reducing the potential risks associated with the design, such as it being too expensive, not meeting customer needs, or being too complex to manufacture. By doing so, they are making a proactive effort to reduce the risk of failure for the project.
It's important to note that risk mitigation is just one of several risk handling modes. Other modes include risk avoidance (eliminating the risk entirely), risk transfer (shifting the risk to another party), and risk acceptance (acknowledging the risk and its potential consequences).
The choice of risk handling mode depends on the nature and severity of the risk and the project manager's risk tolerance.
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Someone who is______has the trait of being usually more responsible and a better planner than others around them.
a. fun
b. positive
c. negative
d. conscientious
Answer:
D
Explanation:
(of a person) wishing to do what is right, especially to do one's work or duty well and thoroughly.
Find the future value of an ordinary annuity of $60 paid at the end of each quarter for 5 years, if interest is earned at a rate of 4%, compounded quarterly. The future value is : (Round to 2 decimal places.) Find the future value of an ordinary annuity of $600 paid at the end of each year for 2 years, if interest earned at a rate of 3%, compounded annual. The future value is $ (Round to 2 decimal places.)
The future value of an ordinary annuity of $60 paid at the end of each quarter for 5 years, if interest is earned at a rate of 4%, compounded quarterly. The future value is: Future Value = $600 x (1.03^2 - 1) / 0.03 = $1,180.62
To calculate the future value of an ordinary annuity, we can use the formula:
Future Value = Payment x [(1 + Interest Rate)^Number of Periods - 1] / Interest Rate
For the first scenario, where $60 is paid at the end of each quarter for 5 years, with an interest rate of 4% compounded quarterly:
Payment = $60
Interest Rate = 4% or 0.04
Number of Periods = 5 years x 4 quarters/year = 20 quarters
Plugging the values into the formula:
Future Value = $60 x [(1 + 0.04)^20 - 1] / 0.04
Calculating this expression will give us the future value. Rounded to 2 decimal places, the future value is:
Future Value = $60 x (1.04^20 - 1) / 0.04 = $1,332.08
For the second scenario, where $600 is paid at the end of each year for 2 years, with an interest rate of 3% compounded annually:
Payment = $600
Interest Rate = 3% or 0.03
Number of Periods = 2 years
Using the same formula:
Future Value = $600 x [(1 + 0.03)^2 - 1] / 0.03
Calculating this expression will give us the future value. Rounded to 2 decimal places, the future value is:
Future Value = $600 x (1.03^2 - 1) / 0.03 = $1,180.62
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Which of the following influences the consumer when he or she is deciding wether to buy a product?
A. The stock market
B. Opinion factors
C. External factors
D. Multiple factors
Answer:
D.
Explanation:
The factors that infuence a consumer's decision of buying product are multiple. It can be internal, external, economic, cultural, etc.
These factors include psychological factor, social factor, cultural factor, situational factor, etc.
Many times it's psychological factors such as moods. If a person is in bad or good mood, it will affect his behavior to buy a product. Culture or social life also influences consumer's buying habit. Some buy under peer pressure or to have status in society.
Therefore, option D is correct.
Answer: External factors
Explanation:
2. The first draft of the project charter is as follows:
Project Manager
Project Sponsor
Start Date
Project Mission
PROJECT CHARTER
Annual Clothing Drive
Talar Adams
Activities Committee
April 21
Deliver clothes to local shelters
a. Does this charter contain enough information for Talar to get started? Why or why
not?
Answer:
The charter provides some basic information about the project, such as the project manager, sponsor, start date, and mission. However, it does not provide enough details about the project's scope, objectives, budget, timeline, stakeholders, and risks. Talar needs more information to understand the project's requirements, constraints, and expectations. She also needs to define the project's deliverables, milestones, and success criteria. Without a clear and comprehensive project charter, Talar may face difficulties in planning, executing, and controlling the project, as well as communicating with stakeholders and managing their expectations. Therefore, Talar should revise the project charter to include all the necessary information and obtain approval from the project sponsor before proceeding with the project.