The current value of one share of this stock is approximately $36.04.
To calculate the current value of one share of the stock, we need to determine the present value of the future dividends and the future stock price at the end of the dividend growth period.
First, let's calculate the dividends for the next 4 years. The dividend growth rate is 16 percent for the first 4 years, so we can calculate the dividends using the formula:
Dividend = Dividend at Year 0 * (1 + Growth Rate)^n
Year 1 Dividend = $3.00 * (1 + 0.16)^1 = $3.48
Year 2 Dividend = $3.00 * (1 + 0.16)^2 = $4.04
Year 3 Dividend = $3.00 * (1 + 0.16)^3 = $4.70
Year 4 Dividend = $3.00 * (1 + 0.16)^4 = $5.45
Now, let's calculate the dividend at the end of the growth period, assuming a 5 percent growth rate:
Year 5 Dividend = $5.45 * (1 + 0.05) = $5.72
Next, we need to calculate the present value of these dividends using the required rate of return of 8.50 percent. The present value can be calculated using the formula:
Present Value = Dividend / (1 + Required Rate of Return)^n
Using the above formula, we calculate the present value of each dividend and sum them up:
PV Year 1 Dividend = $3.48 / (1 + 0.085)^1 = $3.21
PV Year 2 Dividend = $4.04 / (1 + 0.085)^2 = $3.52
PV Year 3 Dividend = $4.70 / (1 + 0.085)^3 = $3.83
PV Year 4 Dividend = $5.45 / (1 + 0.085)^4 = $4.04
PV Year 5 Dividend = $5.72 / (1 + 0.085)^5 = $3.97
Now, let's calculate the present value of the future stock price at the end of the dividend growth period. We can use the formula:
Present Value of Stock Price = Future Stock Price / (1 + Required Rate of Return)^n
Assuming the future stock price at the end of the growth period is $X, we can calculate its present value:
PV Stock Price = $X / (1 + 0.085)^5
Finally, we can calculate the current value of one share of the stock by summing up the present values of the dividends and the present value of the stock price:
Current Value of Stock = PV Year 1 Dividend + PV Year 2 Dividend + PV Year 3 Dividend + PV Year 4 Dividend + PV Year 5 Dividend + PV Stock Price
Current Value of Stock = $3.21 + $3.52 + $3.83 + $4.04 + $3.97 + PV Stock Price
To find the value of X, the future stock price, we need to solve the equation based on the assumption that the present value of the stock equals its current value. Rearranging the equation, we have:
Current Value of Stock - PV Stock Price = $3.21 + $3.52 + $3.83 + $4.04 + $3.97
Substituting the given values, we can solve for X:
Current Value of Stock - (X / (1 + 0.085)^5) = $18.57
X / (1 + 0.085)^5 = $23.57
X = $23.57 * (1 + 0.085)^5
Calculating X, we find that X ≈ $17.47.
Therefore, the current value of one share of this stock is the sum of the present values of the dividends and the present value of the stock price:
Current Value of Stock = $3.21 + $3.52 + $3.83 + $4.04 + $3.97 + $17.47 ≈ $36.04.
So, the current value of one share of this stock is approximately $36.04.
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Calculate the surplus that exists on the market at a price of 6 dollars. What is the difference between this surplus and the equilibrium quantity
The difference between this surplus and the equilibrium quantity is -2.5 units.
To calculate the surplus that exists on the market at a price of 6 dollars, we need to find the difference between the quantity supplied and quantity demanded at that price. The surplus is the difference between the quantity supplied and the quantity demanded, given a certain price. It happens when the supply of goods exceeds the demand for them, which results in a surplus. The formula for surplus is Surplus = Quantity Supplied - Quantity Demanded At a price of 6 dollars, the quantity demanded is 50 units while the quantity supplied is 90 units. So, the surplus at a price of 6 dollars is:Surplus = Quantity Supplied - Quantity Demanded= 90 - 50= 40 units To find the difference between this surplus and the equilibrium quantity, we need to determine the equilibrium quantity at the given price. The equilibrium quantity is the quantity at which the quantity demanded equals the quantity supplied. To find the equilibrium quantity, we need to equate the demand and supply functions:30 + 5P = 50 - 3P8P = 20P = 2.5Substitute P = 2.5 into either function to find the equilibrium quantity: Qd = 30 + 5PQd = 30 + 5(2.5)Qd = 42.5Qs = 50 - 3PQs = 50 - 3(2.5) Qs = 42.5So, the equilibrium quantity is 42.5 units. The difference between the surplus and the equilibrium quantity is: Difference = Surplus - Equilibrium Quantity= 40 - 42.5= -2.5
Therefore, the difference between this surplus and the equilibrium quantity is -2.5 units.
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The data owner is most often described by all of the following except
A. Manager in charge of a business unit
B. Ultimately responsible for the protection of the data
C. Financially liable for the loss of the data
D. Ultimately responsible for the use of the data
A. Manager in charge of a business unit The data owner is typically described as someone who is ultimately responsible for the protection of the data, financially liable for the loss of the data, and ultimately responsible for the use of the data.
The data owner is not necessarily limited to being a manager in charge of a business unit. It can be an individual or a team designated with the responsibility of managing and safeguarding the data assets of an organization. The data owner ensures that appropriate data governance policies, procedures, and controls are in place to protect the data, comply with regulations, and make informed decisions regarding the use of the data. A business unit is a distinct division or department within a larger organization that operates semi-independently and focuses on specific business functions or activities. It is typically responsible for managing a set of products, services, or markets. Business units often have their own dedicated resources, budgets, and objectives aligned with the overall goals of the organization. They have a level of autonomy to make decisions and execute strategies within their assigned area. Business units are commonly structured based on product lines, geographic regions, or customer segments, allowing for specialization, targeted marketing, and efficient resource allocation. Effective coordination and collaboration between business units are vital for overall organizational success.
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A ________ is someone who analyzes multiple, disparate data sources in order to discover insights that will provide a competitive advantage.
The wearing away of the Earth's surface is called
Answer:
Erosion is the wearing away of the Earth's surface.
In 500 words, describe how your family is conserving, reusing, and recycling resources. Also describe what more your family might do to protect the environment.
Answer:
(Answers may vary.)
My family is conserving, reusing, and recycling resources in the following manners:
We keep a compost bin outside our house. We throw fruit peels and other natural wastes in the compost bin. These wastes decompose in the bin and turn into fertilizer eventually. We then use this as fertilizer for our garden, where we grow tomatoes, corn, cucumbers, watermelon, cantaloupes, and beans.
We use bicycles to travel wherever possible to prevent environmental pollution caused by the use of gasoline. We prefer to walk short distances. Walking helps our bodies exercise and helps save fuel too. When we take trips we usually take mass transit to save on gas. Our family carpools as often as possible to save on gas.
We believe in gifting memorable experiences to friends and family members on birthdays instead of articles such as toys or gadgets. Materials such as toys may deteriorate over time with repeated use, break, and add to wastes. However, experiences such as going hiking or visiting a museum remain with you for lifetime as pleasant memories.
We turn off the lights when not required or when nobody is present in a room. In the summertime, we keep the air conditioning at 79 degrees so that it is not overused. Whenever possible, we cool the house by opening the windows. We’ve planted trees around the house so that in the future, shade will be the primary source of cooling. In the winter, we keep the house cooler and dress warmly. Sometimes we have a wood fire to keep the house warm. We also turn computers and other appliances off when not in use.
We reuse the bottles containing fruit jams as containers. Whenever possible, we make our own jams and jellies. We also use the containers to hold small items such as nails, pushpins, and paper clips. We’ve converted some of these jars into piggybanks and also use them for crafts. My mother uses them as gifts sometimes by decorating them with ribbons and pretty fabric.
In order to protect the environment, we can additionally take below steps:
Plant trees in our neighborhood. Trees provide oxygen and improve the quality of the air. When the neighborhood has lots of trees, not only is the air quality improved, it provides shade to cool the homes. That way, air conditioning is not used as often.
Use carpooling to travel long distances such as to work or the store to control the use of automobiles. Many cities encourage the use of carpooling by providing high-occupancy-vehicle (HOV) lanes.
Grow herbs and vegetables in the backyard to eat fresh and healthy food as well as save energy on transportation. Transportation of food is a major cost and can lead to environmental harm. By growing our own food, we do our part in saving on transportation pollution.
Use recyclable materials for containers. By supporting companies that use recycled materials for packaging, we use our dollar vote to support the environmental efforts of these companies.
Explanation: Edementum
According to the video, what tasks are commonly performed by Farmworkers instead of by machines? Select three
options.
weeding
Opruning
preparing soil
transplanting
planting
Answer:
A: weeding
B: pruning
D: transplanting
Explanation:
trust me i just did it
enjoy :)
C&a+sold+30%+of+the+5000+items+that+it+carried+last+week. +there+were+500+items+for+which+some+demand+was+not+satisfied. +what+is+the+in-stock+probability+for+last+week?.
Answer:
.............
Explanation:
..................
o
A command economy tends to exist under a
democratic government that provides little regulation.
socialist government that provides some regulation.
representative government that provides no regulation.
communist government that provides a lot of regulation.
The correct answer is D. Communist government that provides a lot of regulation.
Explanation:
In a command economy, the economy is not controlled by the relations of supply/demand or by individual decisions to produce/buy/sell products. Instead, these aspects of the economy are controlled by the government. Moreover, this type of economy is most common in communists or socialists governments because in these, individual freedoms tend to be limited and the government has a lot of control over most aspects of the society, including economy. Also, in a command economy, the government issues a lot of regulations and has a lot of control. According to this, the correct answer is D.
Answer:
(D) communist government that provides a lot of regulation.
Explanation:
Your Welcome :D
what to do when unemployment benefits are exhausted?
Explanation: If a claimant's traditional unemployment benefits have been exhausted or a traditional claim has expired, individuals must file a new claim or reopen an existing claim to be determined for eligibility or to continue receiving benefits to which they may be entitled.
What is it called when a business contributes money, goods or services to an organization or event to gain the publicity related
A news release
B customer loyalty program
C sponsorship
D promotional tie-in
the margin of error is largest when p= 0.5 what would the margin of error for 95onfidence be if the sample had resulted 0.5
When conducting surveys or experiments, it is important to calculate the margin of error, which is the range of values that the true population parameter is likely to fall within.
What is the margin affected by it?The margin of error is affected by several factors, including the sample size and the level of confidence chosen.
One important factor to consider is the proportion of the population that is being measured, known as p. When p is equal to 0.5 (meaning an equal split between two options), the margin of error is at its highest.
This is because when there is no clear majority, the sample needs to be larger in order to accurately represent the population as a whole.
If a sample resulted in a proportion of exactly 0.5, the margin of error for a 95% confidence level would be relatively high, meaning that the range of possible values for the population parameter would be wider.
This is because the sample would need to be quite large in order to accurately represent the population, given the equal split.
Overall, understanding the factors that affect margin of error is crucial for interpreting survey or experimental results accurately and making informed decisions based on the data.
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Gillespie enterprises inc. Issued $26 million in new common stock.
b. Cal state university received $20,000,000 cash for 80,000 five-game-season football tickets. None of the games have been played.
c. Cal state played the first football game referred to in (b).
d. Hall construction company signed a contract with a customer for the construction of a new $500,000 warehouse. At the signing, hall received a check for $50,000 as a deposit to be applied against amounts earned during the first phase of construction. Answer from hall's standpoint.
e. A popular snowboarding magazine company received a total of $1,800 today from subscribers. The subscriptions begin in the next fiscal year. Answer from the magazine company's standpoint. F. T-mobile sold a $100 cell phone plan for service in september to a customer who charged the sale on his credit card. Answer from the standpoint of t-mobile.
Question Completion:
For each of the transactions, if revenue is to be recognized in September, indicate the amount. If revenue is not to be recognized in September, explain why.
Answer:
a. The issue of $26 million in new common stock by Gillespie Enterprises, Inc. is not a revenue transaction. It is an equity transaction. Revenue cannot be recognized, but it is a Cash Inflow from financing activity that should be recognized.
b. Since none of the games had been played, Cal State University should not recognize any revenue. Revenue can only be recognized when a game has been played and some of the tickets used for the played game.
c. $4,000,000 ($20,000,000/5) should be recognized as revenue since the first football game has been played. Recall that the tickets were for 80,000 five-game-season football games.
d. From Hall Construction Company's point of records, no revenue had been earned. The deposit of $50,000 received can only be recognized as revenue when the first phase of construction had been completed.
e. The snowboard Magazine Company cannot recognize any amount out of the $1,800 as the subscriptions received are for the next fiscal year.
f. $100 should be recognized as revenue by T-mobile since the service is for September.
Explanation:
The Revenue from Contracts with Customers (IFRS 15 and ASC 606) standard indicates that revenue can only be recognized when the contract's performance obligation has been fulfilled.
The collection of interactions a company has with a customer who has already purchased a product is
called
When dealing with customers face-to-face, a good customer service technique is
to
When speaking with customers over the phone, it is important to be aware of
can change the meaning of what is said.
If the customer appears to be frustrated the company service agent should try to understand the situation and should be familiar with situation.
What is a customer service technique?
A good service technique is a face-to-face interaction, first listen, summarize the problems, and repeat one should try to get a detailed insight into the problem and understand the client's frustration they should remember to tackle the situation carefully. They should have patience, empathy, and other qualities.
What are three important technique of customer service?
Essentially, the three "p"s of professionalism, patience, and a "people-first" mindset are the three key components of good customer service. Although each customer's experience with customer care is unique, as long as you're adhering to these rules, you're on the right route.
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Answer:
The collection of interactions a company has with a customer who has already purchased a product is
called
✔ customer service
.
When dealing with customers face-to-face, a good customer service technique is
to
✔ maintain eye contact
.
When speaking with customers over the phone, it is important to be aware of
✔ tone of voice
because it can change the meaning of what is said.
Actually got it right.
Have a good one!
full employment is estimated to occur at an unemployment rate
Full employment is estimated to occur at an unemployment rate of zero, according to some economists.
While this appears to be impossible to achieve, the idea of full employment is that everyone who is willing and able to work should have a job available to them. In the context of the labor market, full employment is when the demand for labor matches the supply of labor, resulting in no cyclical unemployment. This can lead to an increase in inflation as businesses try to compete for labor by offering higher wages, but this is not always the case. In reality, full employment is a desirable but unattainable objective. Even in a healthy economy, there will always be some level of frictional, structural, and seasonal unemployment.
As a result, policymakers aim to reduce unemployment to its natural rate, which is the lowest level of unemployment consistent with stable inflation.
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The full set of accounting procedures used to measure and communicate business transactions is referred to as the?
The full set of accounting procedures used to measure and communicate business transactions is referred to as the accounting cycle. The accounting cycle encompasses a series of steps that businesses follow to record, classify, summarize, and report financial information.
It begins with the identification and analysis of business transactions and ends with the preparation of financial statements. The accounting cycle ensures that accurate and reliable financial information is recorded and communicated to stakeholders.
The first step in the accounting cycle is to identify and analyze business transactions, such as sales, purchases, and expenses. These transactions are then recorded in the accounting system using the double-entry bookkeeping method, which ensures that every transaction has an equal and opposite effect on the accounting equation (assets = liabilities + equity).
Once the transactions are recorded, they are classified and summarized into various accounts, such as revenue, expenses, assets, and liabilities. This step involves posting the transactions to the general ledger and subsidiary ledgers, allowing for easy tracking and analysis of specific accounts.
After the transactions are classified and summarized, adjusting entries are made to account for accruals, deferrals, and other timing differences. These adjustments ensure that revenues and expenses are recognized in the correct accounting period, reflecting the true financial position and performance of the business.
Once the adjusting entries are made, the financial statements, including the income statement, balance sheet, and statement of cash flows, are prepared. These statements provide a comprehensive overview of the business's financial performance, position, and cash flows during a specific period.
The final step in the accounting cycle is the closing process, where temporary accounts, such as revenue and expense accounts, are closed to retained earnings. This process resets the accounts for the next accounting period and prepares the books for a fresh start.
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The demand side of economic policy, refers to the actions undertaken by a nation's central bank to control money supply to maintain economic growth. This is an example of
Inflation
monetary policy
Debt management
Loans
Answer:
The perspective of economic policy that focuses its efforts to follow a national central bank when it wants to make sure money supply is regulated to achieve a continuous economical positive development is an example of:
monetary policy
Explanation:
The reasons behind this answer are that monetary policy is the concept used to represent the efforts of a certain monetary organization to make sure the interest rates are set in the best scenario to enable borrowers to pay their debts. Pointing to a scenario of economical and monetary stability that would support the country in times of economical distress.
Why do we need to carefully plan the operations of the business?
Answer:
hi nhi pata bhai soery. long
1 số tên các doanh nghiệp độc quyền hoặc độc quyền nhóm ở Việt Nam
you have decided that you want to attend a costume party as your favorite marvel character. you estimate that it will cost $60 to assemble your costume. after spending $60 on the costume, you realize that the additional pieces you need will cost you $35 more. the marginal cost of completing the costume is .
The marginal cost of completing the costume is $35.
The difference in overall production costs caused by creating or producing one more unit is known as the marginal cost.
We have given in the question,
Estimate cost = $60
Spending on costume = $60
Additional pieces cost = $35
To find out the marginal cost of completing the costume is:
We know where we consume $60 and we spent that all then $35 need more
So here we can say that marginal cost is the cost added for getting an additional unit of product or service.
And the last products demanded costs = $35
Therefore, it is the marginal cost i.e $35.
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Community colleges and vocational schools offer programs in maintenance and repair.
A
True
B.
False
pls respond soon!
Two stocks are offered to investors, one long-term, one short-term. Assuming each bond pays the same interest rate, which is the best option for a 30-year-old investor?
-Short-term with low returns
-Long-term with high returns in year one
-Long-term with low yearly returns
-Short-term with high returns in year one
The best bond option for a 30 - year old investor is Long-term with low yearly returns.
What type of bonds are best for young investors?The type of bond that would be best for a young investor would be one that has a long term horizon. This is because young investors have a long time ahead of them to make money from their jobs. They don't need the returns from the bonds just yet. They will however need those bond returns when they are older and so they should just pick a long - term bond.
When it comes to the returns they should go for, the bond should be one with low yearly returns. Again, they don't need the returns as much so they can take those with low yearly returns. These ones are less risky and so will be available for them when they grow old. A 30 - year - old investor should therefore take a long - term bond with low yearly returns.
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Answer:
C. Long-term with low but steady yearly returns
Explanation:
As a project manager, you want to integrate change management into your project. you do this by ensuring stakeholders are aware of the upcoming changes. you introduce the deliverable to stakeholders by hosting a demonstration and a question and answer forum. these actions represent which change management best practice?
As a project manager, an action which ensuring stakeholders are aware of the upcoming changes, introducing the deliverable to stakeholders by hosting a demonstration and a question and answer forum would represent within the change management best practice is: a. Be proactive.
Who is a project manager?A project manager can be defined as an individual who is saddled with the responsibility of assembling a team that have common aims, goals, and objectives, in order to successfully execute and implement a project.
As a project manager, there are five best practices that used must adopt to change management on your projects and these include the following:
Be proactive.Communicate upcoming changes to stakeholders.Follow a consistent process.Show and practice empathyMake use of tools.In this context, we can reasonably infer and logically deduce that all project managers are expected to be proactive by ensuring their stakeholders are aware of any upcoming change.
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Complete Question:
As a project manager, you want to integrate change management into your project. You do this by ensuring stakeholders are aware of the upcoming changes. You introduce the deliverable to stakeholders by hosting a demonstration and a question and answer forum. These actions represent which change management best practice?
a. Be proactive
b. Practice empathy
c. Follow a consistent process
d. Use tools
Analyze the effect of transport costs on the level of specialization, factor prices after trade, and volume of trade between two nations, in a partial equilibrium framework. Use diagrams to illustrate your answer. (20 marks)
Transport costs can have a significant effect on the level of specialization, factor prices after trade, and volume of trade between two nations in a partial equilibrium framework.
Specialization is the ability of a country to focus on producing the goods and services it can produce most efficiently. When transport costs are high, countries may find it more efficient to produce goods closer to their markets to avoid high transportation costs. This can lead to a reduction in the level of specialization, as countries will be less likely to produce goods in which they have a comparative advantage. Therefore, trade is more likely to occur between countries that are closer to each other.
When there are high transportation costs, prices of goods will increase as the additional costs of transport will be added to the cost of producing the goods. This will increase the factor prices after trade as well. For example, a country that produces goods with high transportation costs will experience a decline in the prices of the goods they export. Similarly, the country importing the goods will experience an increase in the price of those goods. Therefore, high transport costs may lead to an increase in the cost of living for consumers in both countries.
The volume of trade between two nations can also be affected by transport costs. High transportation costs can discourage trade between two nations as it makes the cost of goods more expensive. In contrast, low transportation costs will encourage trade between two nations as it will reduce the cost of goods, making it more affordable for consumers.
In summary, transportation costs have a significant impact on the level of specialization, factor prices after trade, and volume of trade between two nations. High transportation costs lead to a reduction in specialization, increased factor prices after trade, and a decrease in the volume of trade. Conversely, low transportation costs lead to an increase in specialization, reduced factor prices after trade, and an increase in the volume of trade.
Transportation costs can have a profound effect on the global economy. It is essential for policymakers to consider transportation costs when making trade policy decisions. They must work to reduce transportation costs to encourage trade and ensure the global economy is as efficient as possible.
Transportation costs play a vital role in determining the level of specialization, factor prices after trade, and volume of trade between two nations. In a partial equilibrium framework, high transportation costs discourage trade, increase factor prices after trade, and reduce specialization. Conversely, low transportation costs encourage trade, reduce factor prices after trade, and increase specialization. Policymakers must make policy decisions that help reduce transportation costs to ensure the global economy is as efficient as possible.
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As you read through the draft of your message, you consider whether parts of your message should be rearranged to make your point more effective. Proofreading Evaluating Editing
Answer:
The correct answer will be "Editing".
Explanation:
Editing seems to be the process where even the letter being written is reconstructed or reconfigured to more efficiently express the letter. Arranging, modifying, as well as assembling a recorded, written, or video content for official completion, commonly by such an individual except for the producer of the content (considered as an editor).The other options in question aren't relevant to the particular circumstance. So the option available here is just the right one.
Suppose babies born in a large hospital have a mean weight of 4088 grams, and a variance of 55,696.
If 128 babies are sampled at random from the hospital, what is the probability that the mean weight of the sample babies would be less than 4132 grams? Round your answer to four decimal places.
Answer:
0.0107
Explanation:
We were told that 128 babies are sampled at random from the hospital, which implies that there are 128 sample size, then , (n = 128)
Given from the question;
mean weight =4088
variance = 55,696
We need to determine probability that the mean weight 4088
would be less than 4132 grams
P = 1 - (4088/4132)
P = 1-0.9893
=0.0107
How can selling a futures contract mitigate agricultural risk for farmers? Farmers can grow crops that are not subject to weather inclemency. Futures contracts allow farmers to trade in crops whose prices will fall in the future. Futures contracts allow farmers to store their grains in silos until the market prices rise. Farmers can pin down a price for their produce even if there is volatility in market prices.
Selling a futures contract can help mitigate agricultural risk for farmers in several ways. First, farmers can grow crops that are not subject to weather inclemency, reducing the risk of losing their entire crop due to weather-related factors. (option A)
How might farmers' exposure to agricultural risk be reduced by selling a futures contract?Additionally, futures contracts allow farmers to trade in crops whose prices are expected to fall in the future, providing them with a way to lock in a price for their produce and protect themselves from potential losses.
This can be especially helpful in times of market volatility, when prices may fluctuate wildly and farmers may be unsure about how to price their crops.
Finally, futures contracts allow farmers to store their grains in silos until the market prices rise, giving them greater control over the timing of their sales and potentially increasing their profits.
Overall, selling futures contracts can be an effective tool for farmers looking to manage risk and protect themselves against price fluctuations in the agricultural market.
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Complete question: How can selling a futures contract mitigate agricultural risk for farmers?
a) Farmers can grow crops that are not subject to weather inclemency.
b) Futures contracts allow farmers to trade in crops whose prices will fall in the future.
c) Futures contracts allow farmers to store their grains in silos until the market prices rise.
d) Farmers can pin down a price for their produce even if there is volatility in market prices.
The basis of competition is freedom of ______ exercised in the pursuit of ______.
The basis of competition is freedom of choice exercised in the pursuit of money.
What is competition?Competition is a scenario where different economic firms are in contention to obtain goods that are limited by varying the elements.
The purpose of competition is for businesses to try to outdo each other in order to earn more.
Also, competition enable businesses come up with newer ways to please their customers, hence come up with amazing innovative ideas and better products.
Hence, the basis of competition is freedom of choice exercised in the pursuit of money.
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Select the correct answer. Which sales channel is the most effective for a business that has a small scale of operations? a A. telemarketing B. hiring agents C. flea markets D. franchising E. multilevel marketing
Answer:
franchising marketing
Jim and Lisa are buying their first home together. The purchase price is $157,500.00 and they are putting a 20 percent down payment on the home. They have been approved for a 20-year loan at a 6 percent interest rate. What is the total amount of interest that they will pay during the entire loan?
A. $84,724.16
B. $86, 518.40
C. $88,724.16
D. $90,518.40
Answer: D. $90,518.40
Explanation:
They are putting a 20% down payment on the home which means they are paying 80%;
= 80% * 157,500
= $126,000
First find the monthly payments;
Present value = Payment * ((1 - (1 + r)^-n) / r)
n= 20 * 12 = 240 months
r = 6/12 = 0.5%
126,000 = Payment * (( 1 - ( 1 + 0.5%)⁻²⁴⁰) / 0.5%)
126,000 = Payment * 139.58077168292915831291691663652
Payment = 126,000/139.58077168292915831291691663652
Payment = $902.70313
They'll pay that for 240 months;
= 902.70313 * 240
= $216,648.7512
Interest = 216,648.7512 - 126,000
= $90,648.7512
= $90,648.75
Closest answer is D.
Answer:
$90,518.40
Explanation:
In Mark's absence, what source of power does Sherry have in enforcing Ollie's holiday scheduling policy?
Answer: Legitimate power
Explanation:
The source of power that Sherry has in enforcing Ollie's holiday scheduling policy is refered to as the legitimate power.
Legitimate power simply means the power that one has based on the formal position that is being held by the person in an organization. This usually applies to person who are in position of authority in the organization.
Therefore, the correct answer is legitimate power.