True, budget differences should always be investigated by management to achieve effective control. A benefit of budgeting is that it provides definite objectives for evaluation.
QUESTION 18: It is essential for management to investigate budget differences in order to control costs effectively. When budgeted amounts are not achieved, it may indicate that there is a problem in the budgeting process or in the implementation of plans. By investigating these differences, management can identify areas for improvement and take corrective action to ensure that budgets are met in the future. This leads to better cost control, increased profitability, and improved overall performance.
QUESTION 19: Budgeting provides definite objectives for evaluation, which is a significant benefit. Budgets set targets and establish a framework for measuring performance, providing management with a way to measure progress and success. The budgeting process helps to identify areas of weakness and opportunities for improvement. By tracking progress against budgeted amounts, management can make informed decisions about resource allocation, investments, and other key business activities. Budgeting also helps to improve communication and coordination within an organization, ensuring that everyone is working towards the same goals. Overall, budgeting is an essential tool for effective financial management and strategic planning.
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Why is it hard to predict positive Moments of Reality (MORs)? A. Because they are negatively influenced by lifetime customer value. B. Because they differ by customer, and by time of year. C. Because most companies use moments of truth, which are in conflict with Moments of Reality. D.Because it is difficult to tell if a Moment of Reality is negative or positive.
Answer:
B. Because they differ by customer, and by time of year.
Explanation:
Moments of reality are hard to predict as it varies from customer to customer. All customers have different values and they rate a product or service according to their own values. Moments of reality can be positive or negative and they are influenced by customer experience.
Question 7 of 10
Which of the following is a tax-advantaged savings plan designed to
encourage savings for future college costs?
A. University plan
B. 529 plan
C. Scholarship plan
D. 592 plan
Answer:
It is the 529 plan to save money for college.
Explanation:
suppose french government imposes a quota on international trade of cars. it means it will:group of answer choicesprohibit import of cars altogether;prohibit export of cars altogetherrestrict the quantity of cars france may export;restrict the quantity of cars france may import;
The French government's imposition of a quota on the international trade of cars would restrict the number of cars France may import. This means that there would be a limit on the number of cars that can be imported into the country from foreign markets.
A quota is a trade restriction imposed by a government to limit the quantity of goods that can be imported or exported. In this case, the French government is implementing a quota specifically on the import of cars. By setting a restriction on the number of cars that can be imported, the government aims to control and limit the inflow of foreign cars into the domestic market. This measure can serve various purposes, such as protecting domestic car manufacturers, promoting local industries, or managing trade imbalances. By limiting the number of imported cars, the government can influence the supply and demand dynamics in the domestic market, potentially supporting domestic car producers and ensuring the stability of the local automotive industry.
It's important to note that a quota specifically targets imports and does not necessarily restrict the export of cars from France. The focus is on controlling the inflow of foreign cars into the country while allowing domestic manufacturers to compete in the market.
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which of the following is not a strategic choice that a company must make to complement and supplement its choice of one of the five generic competitive strategies? a. whether to focus on building competitive advantages b. whether to employ the element of surprise as opposed to doing what rivals expect and are prepared for c. whether to employ a market share leadership strategy d. whether to display a strong bias for swift, decisive, and overwhelming actions to overpower e. whether to create and deploy company resources to cause rivals to defend themselves
A company must make to complement and supplement whether to employ a market share leadership strategy.The correct answer is c.
The five generic competitive strategies are cost leadership, differentiation, focused low-cost, focused differentiation, and integrated low-cost/differentiation. When a company chooses one of these strategies, it must also make strategic choices to complement and supplement its primary choice. These strategic choices include building competitive advantages, employing the element of surprise, displaying a strong bias for swift, decisive, and overwhelming actions, and creating and deploying company resources to cause rivals to defend themselves.
However, employing a market share leadership strategy is not one of the strategic choices that a company must make to complement and supplement its primary choice of a generic competitive strategy. A market share leadership strategy is a specific goal that a company may pursue as part of its competitive strategy, but it is not a choice that supplements or complements a company's primary choice of a generic competitive strategy.
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what 1990s mcdonald's invention is still available at only three locations?
The 1990s McDonald's invention that can still be found at only three locations is the McPizza².
Determine what are the mcdonald's invention?The McPizza², introduced by McDonald's in the 1990s, is a square-shaped pizza with various toppings available. Although McDonald's experimented with pizza as an addition to their menu, it was ultimately not successful and was phased out in most locations.
However, there are still three McDonald's restaurants in the United States that continue to offer the McPizza² as part of their menu.
The McPizza² was an attempt by McDonald's to diversify their offerings and compete with other fast-food chains that served pizza. It featured a thin crust, tomato sauce, cheese, and toppings such as pepperoni, sausage, and vegetables.
Despite initial popularity, the complexities of preparing pizzas in a fast-food environment and longer wait times for customers led to its discontinuation in most locations.
Today, the McPizza² remains a nostalgic item available exclusively at three McDonald's locations, serving as a reminder of McDonald's brief foray into the world of pizza during the 1990s.
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Which professional most likely has a doctoral degree in order to work in their field?
Marriage and Family Therapist
Counseling Psychologist
Substance Abuse Social Workers
Mental Health Counselors
the correct answer is b, counseling psychologist !
i did the test.
A counseling Psychologist is a professional who most likely has a doctoral degree in order to work in their field. Hence, option B is appropriate.
What is the meaning of a Psychologist?Psychologists try to comprehend and justify people's actions, feelings, and thoughts. They create hypotheses about the thoughts and emotions that affect people using methods including observation, evaluation, and experimentation.
Psychologists are not doctors; psychiatrists are. Psychologists are unable to administer drugs; psychiatrists can. For complex and significant mental illnesses, psychiatrists diagnose illness, oversee therapy, and offer a variety of therapies. Psychologists concentrate on giving patients talk treatment or psychotherapy.
A trained mental health specialist with a Ph.D. is called a psychologist. This is where a psychiatrist and a psychologist vary from one another. While a psychologist concentrates just on a therapeutic approach to healing, a psychiatrist may prescribe medication.
Both mental health awareness and professional opportunities in psychology have grown. Psychology is a discipline that is expected to expand at a rate of 14% annually since it aids in understanding the root causes of problems in individuals rather than just addressing the symptoms.
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ALL of the following are advantages of labour intensive production EXCEPT:
Skilled workers take time to train
Workers are often more motivated
Less expensive machine cost
Humans can use their initiative to solve problems
Answer:
skilled workers take time to train
Explanation:
this means that a lot of time is spent on training which te would have been invested in production
Easy points!
Is there such thing as dull question? Explain why or why not with a complete sentence.
Yes there is such a thing as a dull question, because it might have little or no meaning or no detail.
Explanation:
Answer:
i dont think so
Explanation:
i love taking surverysand answering question. Actually any type of question i love to answer. You will get to know the person better
choose the groups of performance measures typically used in the balanced scorecard approach.
The groups of performance measures typically used in the balanced scorecard approach is financial, internal company processes, learning and development and customer views are the four categories that make up the balanced scorecard strategy.
Client definition: An individual or company who orders products or services from this other company is known as a customer. Customers are significant since individuals bring in money. Organizations could end
their existence absent them.
Customer service is defined as...
Customer care is the assistance you provide to your clients to make their interactions using company simple plus exciting, both when and when they obtain and utilize your products or services. If you wish to keep clients but instead scale your business, you
must provide exceptional service.
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Which type of alternative on the make-or-buy continuum involves competitive bidding by external companies hoping to acquire a temporary arrangement with a firm
The short term contract is the type of alternative that is described in this question.
What is a short term contract?These are the contracts that are offered for only a certain period of time. The time frame for such contracts could be 30 days.
This contract requires competitive bidding by the companies that hope to acquire the temporary arrangement.
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how do you the accounting equation
Answer:
1. Assets = Liabilities + Owner Equity.
2. Liabilities = Assets - Owner Equity.
3. Owner Equity = Assets - Liabilities.
Difference between dacion en pago and pactum commissorium
Dacion en pago involves the voluntary transfer of property by a debtor to a creditor to settle a debt, while pactum commissorium restricts the automatic transfer of property to a creditor without proper legal proceedings. They represent different legal concepts and serve different purposes in the context of contractual obligations and property transactions.
Dacion en pago and pactum commissorium are legal concepts that pertain to different aspects of contractual obligations and property transactions. Here's a brief explanation of each:
1. Dacion en Pago: Dacion en pago, also known as "deed in lieu of payment," is a legal concept in civil law jurisdictions, including Spanish and Philippine law. It refers to a situation where a debtor transfers ownership of a property to a creditor to settle an existing debt. Essentially, the debtor offers the property as a form of payment, and the creditor accepts it in lieu of receiving cash or other forms of payment. The transfer of ownership extinguishes the debt.
2. Pactum Commissorium: Pactum commissorium, also known as "prohibition of pactum commissorium," is a legal principle that prohibits the automatic transfer of property from a debtor to a creditor in the event of default. In essence, it prevents a creditor from unilaterally acquiring ownership of the debtor's property without following proper legal procedures, such as foreclosure or judicial sale. The principle aims to protect debtors from abusive or unfair practices by creditors.
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The HR manager is considering giving more full-time contracts. Would you recommend Top Hotels offer more employees full-time contracts? Justify
your answer.
Answer:
Yes
Explanation:
Yes, I would recommend offering more employees full-time contracts. This is because having employees that know the ins-and-outs of a company is extremely valuable. These employees are able to function with less supervision and think ahead in order to prevent problems before they occur, as well as solve current situations quickly and efficiently. By working full-time they ultimately grow with the company and are able to progress faster. This is incredibly valuable for a company and can greatly increase profits in both the short-term and long-term
what would be one duty of a network administrator
Answer:
to manage network and cyber crime
The options strategy of a Bull Put Spread is best described by: Short a call with a strike price higher than the put you are long, on the same underlying asset Long a put with a strike price lower than the put you are short, on the same asset None of the answers Long a put with a strike price higher than the put you are short, on the same underlying asset Short a put with a strike price lower than the call you are long, on the same underlying asset
Answer:
Long a call with a strike price lower than the call you are short, on the same underlying asset
Explanation:
A bull put spread would involve one short put having a high strike price and 1 long put having a less strike price. It would be created for the net amount collected and the profits arise from increase in the stock price or from time erosion or from both the things
The option strategy that should be best described is that the call would be long having a strike price less than the short call for the similar underlying asset
If the state of Texas has a lower opportunity cost for producing beef compared to Alaska, then... Texas has a comparative advantage in beef and should just produce beef for itself and not export to other states like Alaska. Texas has an absolute advantage in beef and should share expertise with Alaska so they can develop an absolute advantage as well. Texas has a comparative advantage in beef, and Alaska should purchase beef from Texas. Texas has an absolute advantage in beef, and Alaska should purchase beef from Texas. Absolute advantage refers to the ability to produce more and not necessarily the ability to produce at a lower opportunity cost. Learning Objective: Define comparative advantage
Texas has a comparative advantage in beef, and Alaska should purchase beef from Texas."
Comparative advantage is the ability of an individual, company, or country to produce a specific good or service at a lower opportunity cost than another individual, company, or country.
In this scenario, Texas has a lower opportunity cost for producing beef compared to Alaska. This means that Texas can produce beef at a lower cost than Alaska can. Therefore, Texas has a comparative advantage in beef production.
As a result, it would be beneficial for Alaska to purchase beef from Texas, as it would be cheaper for Alaska to buy beef from Texas than to produce it themselves. This would allow Alaska to allocate their resources to other areas where they have a comparative advantage.
Overall, the key takeaway from this scenario is that when one entity has a lower opportunity cost for producing a specific good or service, they have a comparative advantage and should specialize in producing that good or service. Other entities should then purchase that good or service from the entity with the comparative advantage, as it would be more cost-effective for them to do so.
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What does indigenous technology mean?
Answer: I hope this is helpful mark brainlist if right then no if wrong
Explanation:
Indigenous technology is used by the native inhabitants of a country or region and it constitutes an important part of its cultural heritage. Characteristically, indigenous technologies: Are recognized as animate, imbued with the breath of life and they live in form and function.Technologies employed by the native inhabitants of a country and which constitute an important part of its cultural heritage and should therefore be protected against exploitation by industrialized countries; the problem of indigenous knowledge has been discussed during the Rio Conference but it does not receive much ...Types of indigenous technology in India are; (i) Generic Drugs. (ii) Thorium based Nuclear Reactors. (iii) Plastic RoadsIndigenous Technology is created within a sensory environment that builds on our sense of relationship, meaning, balance, feeling, memory and place as well as sight, sound, smell, taste and touchIndigenization is the process by which Indigenous ways of knowing, being, doing and relating are incorporated into educational, organizational, cultural and social structures of the institution.One example of Indigenous Technologies in action today can be witnessed in differential approaches to medicine. Medical technologies in the Western Scientific sense of the term might conjure images of biomedical research labs, electromagnetic monitors or imaging systems such as CT or MRI scans.Indigenous technology is used by the native inhabitants of a country or region and it constitutes an important part of its cultural heritage. Characteristically, indigenous technologies: Are recognized as animate, imbued with the breath of life and they live in form and function.
Chapter 2: The Recording Process Learning Objective 1: Describe how accounts, debits, and credits are used to record business transactions. 1. What is an account? What does an account consist of? 2. W
Learning Objective 1: Describe how accounts, debits, and credits are used to record business transactions .Account refers to an individual record of increases and decreases in specific assets, liabilities, or stockholder’s equity items.
Account records are essential because they enable managers to determine whether operations are running smoothly, identify business problems, and make plans for improvement. :An account consists of three parts namely the title of the account, a left or debit side, and a right or credit side. It has a T-shaped format with debits placed on the left side of the “T” and credits on the right side. Each account type has a typical balance that either increases or decreases by debits and credits. The account balance is calculated by taking the difference between the debits and credits of an account. If the debits exceed the credits, the account has a debit balance. If the credits exceed the debits, the account has a credit balance. When debits equal credits, the account has a zero balance.2. What are debits and credits Debits and credits are terms used to represent increases or decreases in different account types. The account type determines whether an increase is represented by a debit or a credit. In other words, debits and credits depend on the account being affected.
Therefore, debits and credits are used to record business transactions. A debit record is placed on the left side of the “T” while a credit record is placed on the right side of the “T.”The left side of an account is the debit side. It is used to record increases in assets and decreases in liabilities and stockholders’ equity items. The right side of an account is the credit side. It is used to record decreases in assets and increases in liabilities and stockholders’ equity items.In conclusion, accounts, debits, and credits are used to record business transactions. An account refers to an individual record of increases and decreases in specific assets, liabilities, or stockholder’s equity items. Each account type has a typical balance that either increases or decreases by debits and credits. Debits and credits are used to represent increases or decreases in different account types.
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______ economic resources means limited goods and services.
Answer:
Scarce.
Explanation:
Answer:
Scarce
Explanation:
When we say scarce economic resource, as it's name implies it means limited available resources.
How long after irs accepts tax return is it deposited.
Fill in the blanks: long term disability insurance costs about ____% of your income, which is helpful as long term disabilities last on average about ____ years.
Long-term disability insurance costs about 60% of income which is helpful as long-term disabilities last on average about 65 years.
What do you mean by insurance?Insurance is referred to as a contract where an individual receives financial protection against the losses of an insurance company.
Long-term disability insurance costs approximately 60% of the income and premiums are not guaranteed and can be canceled by the employer.
Therefore, long-term disability insurance costs about 60% of income which is helpful as long-term disabilities last on average about 65 years.
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number of years served in senate is a group of answer choices nominal measure ordinal measure ratio measure
The number of years served in the Senate is an ordinal measure. In the case of the number of years served in the Senate, it represents a ranking or ordering of individuals based on their duration of service.
An ordinal measure is a type of measurement scale that categorizes or ranks data in a specific order without assigning precise numerical values or equal intervals between the categories. In the case of the number of years served in the Senate, it represents a ranking or ordering of individuals based on their duration of service. For example, a senator with 10 years of service is considered to have more experience or a higher rank than a senator with 5 years of service.
Unlike a nominal measure, which simply classifies data into distinct categories without any inherent order, or a ratio measure, which includes a meaningful zero point and allows for mathematical operations, the number of years served in the Senate does not possess those characteristics. It cannot be treated as a ratio measure because it does not have a true zero point, such as a complete absence of service. Additionally, the measurement does not provide precise numerical values that can be used for mathematical calculations, distinguishing it from an interval or ratio measure. Hence, the number of years served in the Senate is best classified as an ordinal measure.
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Anya recently graduated and has just started a job at a large company. She had to take out many student loans to cover the cost of her tuition expenses, and though she is earning money, she is prioritizing paying off her loans as quickly as possible. The company's end-of-year holiday party is quickly approaching and Anya has nothing appropriate to wear. Anya’s friend Mariana provides advice: “Purchase a dress from a large department store a few days prior to the party. Wear the dress to the end-of-year party (without taking the tags off) - but be careful not to spill anything on it. After the party, return the dress to the store and explain to them that it doesn’t fit you. Their return policy will mean they’ll refund your money and it won’t hurt the company as they’ll be able to re-sell the dress.” Anya has heard how important the office party is, and really wants to impress her bosses.
What do you think Anya should do? Why? What are the pros and cons of doing so?
Anya uses her smartness and cost effective technique to save money as she is making proper strategy before deciding to invest in anything.
The technique to save money here and replace and return clothes is the example of cost effective technique that defines how effectively and efficiently one can utilize their resources and save the investment of money.
A strategy is something that would be required to make the plan work and take it into the action so that the best outcome is achieved by anyone applying it.
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replacing the original safe harbor regulations, what is the name of the new legal framework adopted in 2016 by the the european commission and the u.s. department of commerce that regulates the way that the u.s. how companies export and handle transatlantic data flows?
The new legal framework adopted in 2016 by the European Commission and the U.S. Department of Commerce to replace the original Safe Harbor regulations is called the "EU-U.S. Privacy Shield."
The EU-U.S. Privacy Shield is designed to regulate how U.S. companies export and handle transatlantic data flows by providing a set of privacy principles and safeguards that participating companies must follow.
The legal framework also includes a dispute resolution mechanism and enforcement provisions to ensure that participating companies are held accountable for their privacy practices.
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Will give brainlest
1. Define scarcity in terms of wants.
2. What are the three questions of economics?
3. Land, labor, capital, and entrepreneurship are called what economic term?
4. What is another word/term for an entrepreneur?
5. What is the reason most individuals want to open a new business?
6. Jim spends two and a half hours and $40 at the movies the night before an exam. What is the opportunity cost of this decision?
7. In a command economy, who decides what goods and services will be produced?
8. In capitalist economies how are prices set?
9. What is happening in the graph? (Supply or demand, increase or decrease, and is it quantity or not?)
10. What happens to the price and to quantity at this new equilibrium?
11. The law of supply says that as price rises, what will happen?
12. What will a high price do to consumers buying, and what will it do for producers?
13. If gas production drops for the year, how would it affect prices?
14. The law of Demand says when the price rises, the quantity demanded ________, and when prices fall, the quantity demanded of a good will __________.
15. If items are economic compliments, and demand for one increases, what will happen to the other item, typically?
16. Due to technological advances, individuals are able to buy and download music from the Internet as opposed to simply buying music from a store.
How would this technology affect the compact disc market? (Supply or demand? Increase
or decrease?)
17. What are the determinants of supply?
18. What do consumers do in the market to impact or influence what is produced?
Answer:
1. Scarcity is the inability to satisfy ones wants using the means available to them
2. Many have defined Economics as a social science that examines the relationship between
ProductionDistribution and Consumption of products and services.So the three questions are:
What will be produced?
Who will consume the products?
How will it get to the consumer?
3. Land, Labor, capital, and entrepreneurship in economic parlance collectively called the factors of production. Many schools of thought have also added Information to that list.
4. Another word for an entrepreneur is a business owner
5. Most businesses are set up to make a profit. Others to meet an intrinsic goal. However, because every business must operate sustainably, even not-for-profits must at least breakeven to remain in existence
6. The opportunity cost of a thing is the benefit forgone in order to have or possess that thing. The opportunity cost to Jim is the risk of failing the exam giving that he should be prepping of getting ready for the same.
7. In a command economy, the government is in control of all the factors of production and so decides what goods and services will be produced.
8. In capitalist economies, prices are determined by the forces of demand and supply
9-10. the graph was not supplied. Hence the answer could not be provided.
11. The law of supply says that as price rises, (all things being equal), supply will follow in the same direction. This is because rising prices is favorable to the manufacturer of the product as they stand to make more profit.
12. High prices will force demand by consumers down. Consumers also want to maximize value. That is, they want to get the best at the lowest price possible. Hence, for consumers, high prices (all things being equal) will translate to lower quantity purchased.
Producers on the other hand will (all things being equal) attempt to push out more of their products in order to take advantage of the high prices to make more profit.
13. Gas production will most likely translate to increased prices. The demand for gas is inelastic because it is an essential commodity. Hence a drop in the volume available for purchase (all things being equal) will create an upward spiral in prices.
14. The law of Demand says when the price rises, the quantity demanded (all things being equal) goes in the opposite direction, and when prices fall, the quantity demanded of a goodwill (all things being equal will go the opposite direction.
15. Demand for Complimentary or joint goods such as smartphones, data and call credit usually go in the same direction (all things being equal).
16. Advances in technology is leading to a decrease in the supply and demand for compact disk. Because of the availablility of songs and videos online and ease of access to them via the same media, the demand for compact discs which take up a lot of physical space and usually more expensive is take a downward run. This, in turn, is discouraging more production hence the lower the supply of same.
17. The determinants of supply are:
Cost of raw materials/inputs Productivity Technology: Better technology will translate to increased supply The Number of sellers: the more sellers there is, the more supply there is. Taxes and subsidies: Supply and taxes usually go in the opposite direction. Subsidies and supply usually go in the same direction. Government regulations: This can stop the supply for a goods or service completely or enhance it greately Price Expectations: When supplier expectations about prices are positive, supply goes up. Positive expectation is that the prices will go up.18. Consumers in order to impact or influence what is produced can choose between substitutes. These choices reflect why they go for a particular service, hence forcing other suppliers to follow the factors which drive demand.
Cheers
What Are Some Reasons To Have A Credit Card?
list ten different ways you will use your credit.
Answer:
1 Boost your credit history and score
2 Internet purchases
3 Emergency money
4 Rewards
5 History of purchases
6 No fear of loss or theft
7 Interest free money
8 Merchant protection
9 Insurance on purchases
10 Convenient when traveling
a one-year long forward contract on a non-dividend-paying stock is entered into when the stock price is $40 and the risk-free rate of interest is 10% per annum with continuous compounding. what is the forward price?
The forward price will be $44.21.
The formula for calculating the forward price of a non-dividend-paying stock is:
Forward price = Spot price × \(e^{r XT}\)
where: Spot price is the current price of the stock
r is the risk-free rate of interest
T is time for expiration of the forward contract
In this case, the stock price is $40, the risk-free rate of interest is 10% per annum with continuous compounding, and the time to expiration of the forward contract is one year.
Therefore, the forward price is:
Forward price = $40 × \(e^{0.1 X1}\)
Forward price = $40 × \(e^{0.1}\)
Forward price = $40 × 1.1052
Forward price = $44.21
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Five years ago Tosev Inc. issued 30-year, $1,000 par value, semi-annual coupon bonds with a coupon rate of 9.10 percent. The bonds originally sold at a price of $1,010.32 per bond. Currently, those bonds have a market price of $1,118.15 per bond. The Chief Financial Officer of Tosev is currently considering issuing new bonds. These bonds will have a par value of $1,000, semi-annual coupon payments, a term of 25 years and a coupon rate of 8 percent. Due to differences in the legal provisions of the bonds, the Chief Financial Officer estimates that the yield to maturity on the new bonds will be one percent higher than the current yield to maturity on the old bonds. Based on the Chief Financial Officer's estimate, what would be the price per bond of the new bonds today?
A. $ 817.44
B. $ 896.67
C. $ 901.19
D. $1,000.00
E. $1,118.15
Which of the following statements is most correct?
A. If a bond's yield to maturity exceeds its annual coupon rate, then the bond will be trading at a premium.
B. If interest rates increase, the relative price change of a 10-year coupon bond will be greater than the relative price change of a 10-year zero coupon bond.
C. If a coupon bond is selling at par, its current yield equals its yield to maturity. (Hint: a bond's current yield equals annual coupon payment divided by current price).
D. Both a and c are correct.
E. None of the answers above is correct.
---------------------Explanation:
When entrepreneurs check out all the data for customers by going to where they will sell the products and then estimating realistic sales, they are using the ______. Tornado gut check bottom-up analysis competition
A bottom-up analysis is used by an entrepreneurs when they check out all the data for customers by going to where they will sell the products.
What is a bottom-up analysis?A bottom-up analysis refers to an analysis that is used when existing components are selected and integrated into study of a product performance.
Also, the bottom-up analysis focuses more on individual's specific characteristics and micro attributes.
Therefore, the Option C is correct.
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A customer A LTD buys goods on credit from C LTD every month.On 20 January 2022 A LTD bought 200 cases with 10*20kg rice at a cost of $40 per case on credit. Draw up a purchase invoice for A ltd
Below is a Purchase Invoice for A Ltd.:
Purchase Invoice
Date: 20 January 2022
To: A LTD
Address: [insert address]
Product: Rice
Quantity: 200 cases
Unit: 10*20kg
Cost per case: $40
Total Cost: $8,000
Payment Terms: On credit
Thank you for your business.
Sincerely,
C LTD
What is a Purchase Invoice?A Purchase Invoice is a document that is sent from a supplier to a buyer to request payment for goods or services that have been purchased. It is a formal record of a transaction that outlines the details of the purchase, including the quantity and cost of the goods or services, any applicable taxes or discounts, and the payment terms.
Purchase Invoices are an important part of the purchasing process because they provide a record of the transaction and can be used for accounting purposes. They also help to ensure that both the buyer and supplier are on the same page regarding the terms of the purchase.
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