The following items were taken from the financial statements of Buttercup Company. (All dollars are in thousands.) Mortgage payable $2,443 Accumulated depreciation $3,655 Prepaid insurance 880 Accounts payable 1,444 Property, plant, and equipment 11,500 Notes payable after 2022 1,200 Long-term investments 1,100 Common stock 5,000 Short-term investments 3,690 Retained earnings 8,480 Notes payable in 2022 1,000 Accounts receivable 1,696 Cash 2,600 Inventories 1,756
Prepare a classified balance sheet in good form as of December 31, 2015. (Enter amounts in thousands. List current assets in order of liquidity.)
Answers
Answer and Explanation:
The preparation of the classified balance sheet is presented below:
Buttercup Company
Balance Sheet
December 31, 2022
(in thousands)
Assets
Current Assets
Cash $2,600
Short-term investments $3,690
Accounts receivable $1,696
Inventories $1,756
Prepaid expenses $880
Total current assets $10,622
Long-term investments $1,100
Property, plant, and equipment
Property, plant, and equipment $11,500
Less: Accumulated depreciation -$3,655 $7,845
Total assets $19,567
Liabilities and Owner's Equity
Current liabilities
Notes payable in 2022 $1,000
Accounts payable $1,444
Total current liabilities $2,444
Long-term liabilities
Mortgage payable $2443
Notes payable (after 2022) $1,200
Total long-term liabilities $3,643
Total liabilities $6,087
Owner's equity
Owner’s capital $13,480 ($5,000 + $8,480)
Total liabilities and owner's equity $19,567
Related Questions
what is the importance of feedback? in your own words
Answers
Answer: Feedback is a tool that can help people evaluate themselves and their work and also how others perceive them. While employees and students need to receive feedback, it's also essential for leaders who believe in growth to ask for an evaluation, to give an example, and be an inspiration for them.
Explanation:
Felicia has sent a memo to her employee, Ben, to schedule Ben's performance review. Which choice best
describes Felicia in this communication scenario?
O a barrier to the message
O a paraphraser of the message
o the receiver of the message
the sender of the message
Answers
Answer:
Option no. 3
This is the answer
Answer:
3. the sender of the message
Explanation:
edge 2021
1.1 W (5 marks) Calculate the economic order quantity (EOQ) per annum. Economic order quantity Startrek Secondary School purchases 700 math's sets per annum. The cost of each math set is R80. Each set is sold for R100. The cost of placing a single order is R45. The holding cost is 11% of the unit purchase price.
Answers
Based on the math sets purchased by Startrek Secondary School as well as its various costs, the Economic Order Quantity is 84.61 sets.
What is the Economic Order Quantity?This can be found as:
= √(2 x Annual math sets needed x Ordering cost per unit/ Carrying cost
Carrying cost is:
= 80 x 11%
= R8.80
The EOQ is therefore:
= √(2 x 700 x 48 / 8.8
= 84.61 math sets
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A ____________ contract is an agreement that is not a contract at all because it lacks one or more of the legal elements required to form a contract.
Answers
Answer:
void
Explanation:
Briefly explain how the demand curve for workers is determined.
Answers
Answer:
When the marginal revenue product of labor is graphed, it represents the firm's labor demand curve. The demand curve is downward sloping due to the law of diminishing returns; as more workers are hired, the marginal product of labor begins declining, causing the marginal revenue product of labor to fall as well.
Explanation:
according to the fishery equation if a bank extends a loan for 3% and the inflation rate end up being 2% the blank interest rate isa. the nominal interest rate is 4.5%.
b. the real interest rate is 2%.
c. the nominal interest rate is 2%.
d. the real interest rate is -2%.
e. the nominal interest rate is 8%.
Answers
The answer is (OPTION D) the nominal interest rate is 8%. The nominal interest rate is the rate of interest that banks, debt issuers, and investment firms advertise for loans and various sorts of investments.
It is the specified interest rate that is earned or paid by the investments or lender. Therefore, if you as a borrower receive a $100 loan at a rate of 6%, you can anticipate paying an interest fee of $6. The interest rate that is quoted at a bank on any particular day is an illustration of a nominal interest rate. This is the nominal interest rate if a bank offers a car loan with an annual interest rate of 2.59%.
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Windborn Company has 15,000 shares of cumulative preferred 1% stock, $100 par and 50,000 shares of $30 par common stock.
The following amounts were distributed as dividends:
20Y1 $30,000
20Y2 12,000
20Y3 45,000
Common Stock
(dividends per share)
I cannot figure out Y1 or Y3
Answers
The dividends per share for the common stock in year 1 (Y1) is $0.60 per share, and in year 3 (Y3) is $0.90 per share.
To calculate the dividends per share for the common stock in year 1 (Y1) and year 3 (Y3), we need to determine the total dividends distributed and divide them by the number of common shares outstanding.
Given information:
Cumulative preferred stock: 15,000 shares, 1% dividend
Common stock: 50,000 shares, $30 par value
Dividends distributed:
Y1: $30,000
Y2: $12,000
Y3: $45,000
First, let's calculate the dividends per share for the cumulative preferred stock in each year.
Dividends per share for cumulative preferred stock = (Par value * Dividend rate) / Number of preferred shares
Dividends per share for cumulative preferred stock = ($100 * 1%) / 15,000 shares
Dividends per share for cumulative preferred stock = $1 / 15,000
Dividends per share for cumulative preferred stock = $0.000067 per share
Now, let's calculate the dividends per share for the common stock in year 1 (Y1) and year 3 (Y3).
For Y1:
Total dividends for common stock = Dividends distributed - (Dividends per share for cumulative preferred stock * Number of preferred shares)
Total dividends for common stock = $30,000 - ($0.000067 * 15,000)
Total dividends for common stock = $30,000 - $1.005
Total dividends for common stock = $29,998.995
Dividends per share for common stock in Y1 = Total dividends for common stock / Number of common shares
Dividends per share for common stock in Y1 = $29,998.995 / 50,000 shares
Dividends per share for common stock in Y1 = $0.5999799 per share (rounded to $0.60 per share)
For Y3:
Total dividends for common stock = Dividends distributed - (Dividends per share for cumulative preferred stock * Number of preferred shares)
Total dividends for common stock = $45,000 - ($0.000067 * 15,000)
Total dividends for common stock = $45,000 - $1.005
Total dividends for common stock = $44,998.995
Dividends per share for common stock in Y3 = Total dividends for common stock / Number of common shares
Dividends per share for common stock in Y3 = $44,998.995 / 50,000 shares
Dividends per share for common stock in Y3 = $0.8999799 per share (rounded to $0.90 per share)
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you run a nail salon. fixed monthly cost is $5,806.00 for rent and utilities, $5,924.00 is spent in salaries and $1,174.00 in insurance. also every customer requires approximately $3.00 in supplies. you charge $125.00 on average for each service. you are considering moving the salon to an upscale neighborhood where the rent and utilities will increase to $10,627.00, salaries to $6,295.00 and insurance to $2,022.00 per month. cost of supplies will increase to $8.00 per service. however you can now charge $146.00 per service. at what point will you be indifferent between your current location and the new location?
Answers
It makes no difference where the nail salon is located with 378 clients.
Describe insurance.Insurance is a legal agreement, evidenced by a policy, under which a policyholder receives financial security or compensation from an insurance provider against losses. The company pools the risks of its clients in order to make payments to the insured more manageable.
Calculation:
Giving the following information:
The fixed monthly cost is $5,806.00 for rent and utilities
$5,924.00 is spent on salaries.
$1,174.00 in insurance.
Every customer requires approximately $3.00 in supplies.
You charge $125.00.
New location:
Fixed costs in rent and utilities= $10,627
Salaries= $6,295.00
Insurance to $2,022.00 per month.
The cost of supplies will increase to $8.00 per service.
The selling price = $146.00 per service.
Old location gross profit equals contribution margin*Q minus fixed costs
Gross profit old location= (125-3)*Q - 12904
Gross profit at new locations is equal to contribution margin*Q minus fixed costs.
Gross profit new location= (146-8)*Q - 18944
122*Q-12904 = 138*Q - 18944
6040 = 16*Q
Q = 377.5
= 378 costumers.
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choosing a computer that costs_______ instead of one that costs ________ means that you'll have less money available for other purchases. $1800;$1900. $1700; $1900. $1800; $1700. $1700; $1800
Answers
Answer:
$1800; $1700.
Explanation:
The scenario presented is that a customer had a choice between two computers. The client spent much money by opting for the high priced computer, leaving little for other requirements. The options will a high figure comes first in the equation. If the customer could have picked a low-priced computer, somebody would have selected the options that start with a relatively low figure followed by a high
Answer: 1800 1700
Explanation:
What are the two ways in which profit after tax may be appropriated?
Answers
hope this helps!
Describe the characteristics of stocks and their expected behavior relative to the market.
Answers
Answer:
A bull market is a market that is on the rise and where the conditions of the economy are generally favorable. A bear market exists in an economy that is receding and where most stocks are declining in value. Because the financial markets are greatly influenced by investors' attitudes, these terms also denote how investors feel about the market and the ensuing economic trends.
A bull market is typified by a sustained increase in prices. In the case of equity markets, a bull market denotes a rise in the prices of companies' shares. In such times, investors often have faith that the uptrend will continue over the long term. In this scenario, the country's economy is typically strong and employment levels are high.
By contrast, a bear market is one that is in decline. A market is usually not considered a true "bear" market unless it has fallen 20% or more from recent highs. In a bear market, share prices are continuously dropping. This results in a downward trend that investors believe will continue; this belief, in turn, perpetuates the downward spiral. During a bear market, the economy slows down and unemployment rises as companies begin laying off workers
Which of the following is the most profitable investment for a candy shop that earns $1 profit per pound of candy? (5 points) Group of answer choices:
Worker at $10 per hour, producing eight pounds of candy per hour
Worker at $12 per hour, producing 16 pounds of candy per hour
Machine with $5 per hour operating cost, producing 10 pounds of candy per hour Machine with $8 per hour operating cost, producing 14 pounds of candy per hour
Answers
Worker at $12 per hour, producing 16 pounds of candy per hour
Answer:
Worker at $12 per hour, producing 16 pounds of candy per hour
Explanation:
An American company operates a fast food restaurant in Romania. Which of the following statements is accurate? Multiple Choice The value of the goods and services produced by the restaurant is included in Romanian GDP, U.S. GDP and U.S. GNP. The value of the goods and services produced by the restaurant is included in Romanian GDP, but not in U.S. GDP. U.S. GNP increases. The value of the goods and services produced by the restaurant is included in U.S. GDP, but not in Romanian GDP. One-half of the value of the goods and services produced by the restaurant is included in Romanian GDP, and the other one-half of the value is included in U.S. GDP.
Answers
The accurate statement will be : The value of the goods and services produced by the restaurant is included in Romanian GDP, but not in U.S. GDP. U.S. GNP increases.
The market price of goods and offerings produced by using hard work and assets furnished by way of U.S. residents, irrespective of in which they may be positioned. It turned into used because the number one degree of U.S. manufacturing previous to 1991, whilst it was changed with the aid of gross domestic product (GDP).
GNP produces vital information on manufacturing, financial savings, investments, employment, manufacturing outputs of primary groups, and other monetary variables. Policymakers use this statistics in preparing policy papers that legislators use to make legal guidelines.
Real GNP growth is visible as an development in living standards. Sadly, GNP isn't an excellent degree of social welfare and even has its challenge in measuring economic output.
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Activity-based costing for varying batch production
A manufacturing company has the following two activities associated with completion of products:
The setting up of machines for running batches of products
The actual production of units produced
The company has annual manufacturing overhead costs of $2,000,000, of which $200,000 is directly involved in setting up machines for batch runs. During the year, the company expects to perform 400 machine setups, one setup per batch for a total of 400 batches of production. Assume that the batch sizes vary considerably, but the work involved in setting up the machines is not appreciably different from one job to the next.
If the company estimates that the $200,000 costs associated with setups will yield 400 setups this year, the cost associated directly with each setup will be $ per setup. Because each job will require its own setup, setup costs are viewed as batch costs. Because $200,000 of the $2,000,000 are costs associated with setups, this means that costs associated directly with the production of units equal $.
Answers
Explanation:I don’t know
. Job 1 pays $50,000 per year and offers 10 days of vacation. Job 2 pays $48,000 per year and offers 25 days of vacation. Which job has a higher pay per workday (Job 1 or Job 2)?
Answers
Answer:
Job option 2 has a high pay per day
Explanation:
Job option 1:
The total number of hours worked in job 1 will be 365- 10 days of vacation. Pay per day
=$50,000/ (365 - 10)
=$50,000/ 355
=$140,845
Job option 2:
total hours worked will be 365 - 25
Pay per day
=$48,000/ 340
=$141.17
Job option 2 has a high pay per day
Benchmark Company is viewed as the best company in Iffy's industry, the company against which all other companies in the industry compare themselves.
Which ONE of the following statements is TRUE?
The following DuPont framework ratios are for Iffy Company and Benchmark Company:
Iffy | Benchmark
Return-on-Sales (5%%) | (7%)
Asset Turnover (2.0) | (1.5)
Assets-to-Equity (2.0) | (2.0)
Answers
(B) Iffy | Benchmark Return-on-Sales (5%%) | (7%) is true about Benchmark Company is viewed as the best company in Iffy's industry
what is Benchmark ?Benchmarking is the process of contrasting corporate procedures and performance indicators with industry benchmarks and other businesses' best practices. The three main metrics are quality, time, and cost.
What is a benchmark example?Benchmarks, for instance, could be used to compare the operations of one retail location with those of another location in the same chain. External benchmarking, also known as competitive benchmarking, evaluates a company's performance in relation to that of other businesses.
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Leach Inc. experienced the following events for the first two years of its operations: 2016:
1. Issued $10,000 of common stock for cash.
2. Provided $78,000 of services on account.
3. Provided $36,000 of services and received cash.
4. Collected $69,000 cash from accounts receivable.
5. Paid $38,000 of salaries expense for the year.
6. Adjusted the accounting records to reflect uncollectible accounts expense for the year. Leach estimates that 5 percent of the ending accounts receivable balance will be uncollectible.
2017:
1. Wrote off an uncollectible account for $650.
2. Provided $88,000 of services on account.
3. Provided $32,000 of services and collected cash.
4. Collected $81,000 cash from accounts receivable.
5. Paid $65,000 of salaries expense for the year.
6. Adjusted the accounts to reflect uncollectible accounts expense for the year. Leach estimates that 5 percent of the ending accounts receivable balance will be uncollectible.
Required
a. Record the 2016 and 2017 events in general journal form and post them to T-accounts. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)
b. Prepare the income statement, statement of changes in stockholders’ equity, balance sheet, and statement of cash flows for 2016 and 2017. (Statement of Cash Flows and Balance Sheet only: Items to be deducted must be indicated with a minus sign.)
c. What is the net realizable value of the accounts receivable at December 31, 2016 and Dec. 31. 2017?
Answers
Answer:
Leach Inc. experienced the following events for the first two years of its operations: 2016:
1. Issued $10,000 of common stock for cash.
2. Provided $78,000 of services on account.
3. Provided $36,000 of services and received cash.
4. Collected $69,000 cash from accounts receivable.
5. Paid $38,000 of salaries expense for the year.
6. Adjusted the accounting records to reflect uncollectible accounts expense for the year. Leach estimates that 5 percent of the ending accounts receivable balance will be uncollectible.
2017:
1. Wrote off an uncollectible account for $650.
2. Provided $88,000 of services on account.
3. Provided $32,000 of services and collected cash.
4. Collected $81,000 cash from accounts receivable.
5. Paid $65,000 of salaries expense for the year.
6. Adjusted the accounts to reflect uncollectible accounts expense for the year. Leach estimates that 5 percent of the ending accounts receivable balance will be uncollectible.
Required
a. Record the 2016 and 2017 events in general journal form and post them to T-accounts. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)
b. Prepare the income statement, statement of changes in stockholders’ equity, balance sheet, and statement of cash flows for 2016 and 2017. (Statement of Cash Flows and Balance Sheet only: Items to be deducted must be indicated with a minus sign.)
c. What is the net realizable value of the accounts receivable at December 31, 2016 and Dec. 31. 2017?
Which is these is true about trusts?
OA. They have less tax liability.
OB. They have multiple beneficiaries.
C. They require power of attorney.
OD. They have more tax liability.
Answers
Answer: The answer is They have more tax liability.
Explanation:Trust is a fiduciary relationship.In this, a first party gives the right to assets or the right to hold the title to a second party for the benefit of a third party.The first party is called the Grantor.The second party is called as the Trustee.The third party is called as the Beneficiary.As the trust is a seperate legal and taxable entity, the tax payment of the trusts depend upon whether it is a simple trust,complex trust or a grantor trust.The tax brackets of trusts are more compressed.So, the trusts pay more taxes than individual taxpayers.
Mazu Mavuso is a 43-year-old South African resident who was employed by Veg & Fruit Limited, a South African company, until 30 November 2022. On 30 November 2022, Veg & Fruit Limited ceased its operations and the pension fund that Veg & Fruit Limited established for its employees also closed down. The Veg & Fruit Limited pension fund paid out R80 000 to Mazu Mavuso during the 2023 year of assessment. All Mazu Mavuso's pension fund contributions have been deducted in the determination of his taxable Income. Mazu Mavuso also decided to join a retirement annuity fund, to which he made a total contribution of R7 000 during the 2023 year of assessment. For the 2023 year of assessment, Mazu Mavuzo's receipts and expenses were as follow: Salary Director's fees earned Local dividends from South African companies Local interest from a non 'tax free investment' Pension fund contributions at 6.5% of his salary Retirement annuity fund contributions Qualifying medical expenses paid Donation to a qualifying section 18A Public Benefit Organisation R 720 000 110 000 45 000 24 500 ? 7 000 61 630 6 000 Calculate Mazu Mavuso’s taxable income for the 2023 year of assessment. (25 marks) 1.2) Calculate Mazu Mavuso’s total normal tax liability for the 2023 year of assessment. Assume that Mazu Mavuso had a taxable income of: • R770 900 before any retirement fund lump sum withdrawal benefits. • R843 900 after any retirement fund lump sum withdrawal benefits. (17 marks) Competency Framework Reference: E1.2 Interpretation of tax legislation b) Demonstrate the ability to apply the principles of tax interpretation to any new or unfamiliar tax legislation. E1.3 Application of tax legislation to calculate tax obligation a) Analyse the taxpayer’s tax profile. c) Apply the relevant law to the facts, determine the tax position and compute the tax payable (VAT or normal tax) for individuals and companies.
Answers
Explanation:
to calculated this question to solve
What are some advantages of electronic banking?
Answers
fast & safe
dont have carry money around
can buy something fast
electronic record keeping
can receive money fast
How useful is knowing the business impact of your project compared to that of your teammates’ other work?
Answers
It's useful to know the business impact of your project compared to the other work of your teammates to validate your decisions and strategies, generating an exchange of learnings and collaborations necessary in teamwork.
How effective is teamwork?Currently, human resources correspond to a highly valued resource in organizations, since it is from individuals who provide innovative ideas and creative solutions to lead to the development and positioning of companies in the market. Through integration with other collaborators, knowledge increases, there is faster decision making and greater productivity.
Therefore, teamwork must be integrated and directed by a leader who can understand and develop the potential of each member, through motivation, assistance, feedback and training, thus generating more effective results and higher quality in the delivery of commercial projects.
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operations management course concept
Answers
The operations management course concept refers to the systematic design, direction, and control of the processes that transform inputs such as raw materials, energy, and labor into outputs such as goods and services that satisfy customer needs.
This management process includes inventory management, scheduling, supply chain management, quality control, and more. The goal of operations management is to create efficient processes that maximize productivity while minimizing costs.
Students taking an operations management course learn about these concepts and how to apply them to real-world situations in various industries. They also study topics like process design, project management, lean principles, and decision-making models.
The course is usually offered as a part of business administration, engineering, or industrial technology programs. Graduates of the course may go on to careers as operations managers, logistics managers, supply chain analysts, process improvement specialists, or manufacturing engineers, depending on their areas of focus and interests.
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The Montgomerys borrowed $107,000 at 7.50% for 30 years to purchase a house. Find the total interest the Montomerys will pay if they pay the loan on schedule. Click the icon to view the monthly payment of principal and interest table. OA. $162,254.80 OB. $149, 158.00 OC. $177,662.80 OD. $168,803.20
Answers
The total interest the Montgomerys will pay if they pay the loan on schedule is approximately $163,072.
To find the total interest the Montgomerys will pay over the course of the loan, we can calculate the monthly payment and then subtract the principal borrowed.
First, we need to calculate the monthly payment using the loan amount, interest rate, and loan term. We can use the formula for calculating the monthly payment on an amortizing loan:
Monthly payment =\(P * r * (1 + r)^n / ((1 + r)^n - 1)\)
Where:
P = Principal amount borrowed = $107,000
r = Monthly interest rate = Annual interest rate / 12 = 7.50% / 12 = 0.625%
n = Total number of payments = 30 years * 12 months/year = 360 months
Plugging in the values, we have:
Monthly payment = $107,000 * 0.00625 * (1 + 0.00625)^360 / ((1 + 0.00625)^360 - 1)
≈ $750.20
The monthly payment of principal and interest is approximately $750.20.
To find the total interest paid, we can multiply the monthly payment by the total number of payments and subtract the principal borrowed:
Total interest paid = (Monthly payment * Total number of payments) - Principal borrowed
= ($750.20 * 360) - $107,000
≈ $270,072 - $107,000
≈ $163,072
Therefore, the total interest the Montgomerys will pay if they pay the loan on schedule is approximately $163,072.
None of the provided answer options match the calculated value. However, based on the calculation, the closest option is OA. $162,254.80.
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Samantha wants her team to feel excited about compounding a new medication however she needs to make a decision quickly on how best way to handle the work she decides on a process on her own and then communicates the process to her team what leadership style is Samantha using
Answers
Answer:
Samantha is using an autocratic leadership style. An autocratic leader makes decisions independently without involving others in the decision-making process. In this case, Samantha decides on a process on her own and then communicates it to her team without seeking their input or involvement in the decision-making process. She takes full control and authority over the decision, expecting her team to follow her instructions and carry out the work accordingly
Please help I'm very confused
Conduct research and determine the average monthly expense of investing in the human capital of your employees and yourself. List the average expense.
Answers
Investing in the human capital of employees and oneself can involve various expenses, including:
training and development programs,employee benefits,performance incentives,employee salaries,recruiting and hiring costs,onboarding and orientation,employee engagement initiatives,professional development opportunitiesThe current average monthly expense of investing in the human capital of employees and oneself includes eight potential expenses that may be associated with investing in human capital:
Training and development programs: This could include the cost of workshops, seminars, online courses, or professional certifications aimed at enhancing skills and knowledge.Employee benefits: This may include expenses related to health insurance, retirement plans, paid time off, and other benefits offered to employees as part of their compensation package.Performance incentives: This could involve expenses associated with performance-based bonuses, commissions, or other incentive programs aimed at motivating and rewarding employees for their performance.Employee salaries: This includes the wages or salaries paid to employees for their work, which is a significant expense for most businesses.Recruiting and hiring costs: This could include expenses associated with advertising job openings, conducting interviews, and performing background checks on potential employees.Onboarding and orientation: This may involve expenses associated with the orientation process for new employees, including training, mentoring, and other activities to help them acclimate to their roles.Employee engagement initiatives: This could include expenses related to team-building activities, employee recognition programs, or other initiatives aimed at boosting employee morale and engagement.Professional development opportunities: This may involve expenses associated with conferences, workshops, or other opportunities for employees and oneself to stay updated with industry trends and best practices.In summary, the actual average monthly expense would depend on the size and nature of the organization, industry, and specific initiatives undertaken, and would require further research and analysis to determine accurately.
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What motivates people to buy certain products?
Answers
1: Which of the following is an injection into the circular
flow of income?
A) The customs duties levied on luxury imports into the
country
B) The purchase by foreign firms of goods produced by
local firms
c) The higher interest rate offered to local savers, who open
deposits in foreign currency with local financial
institutions
D) The closure of a special government employment
targeted scheme (JEEP)
Answers
Answer:
B
Explanation:
Investment, government spending, and exports rapidly boost an economy's whole demand, which further increases the level of income or output. They can be regarded as injections to the circular flow of income.
what are the two aspects of the evaluation process in Step 5 for Taking Marketing Action? Why is this important
Answers
The two aspects of the evaluation process in Step 5 for Taking Marketing Action are:
Implementation and control. They ensure that the entrepreneur is following through on his plans.What are the required steps?The required steps for taking marketing action are: stating a mission, analyzing the situation in question, drawing a plan, stating the marketing mix, and then implementing and establishing controls.
The last two steps are important because they help to ensure that the drawn plans are followed to the teeth. They also help the entrepreneur to remain on track while trying to establish a workable structure.
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In management, scholars argue that,1 + 1 = 10. Do you agree? Explain.
Answers
Answer:
I disagree.
Explanation:
Scholars may argue that 1+1= 10. But in fact if you do simple addition, 1+1 is 2. Not 10.
An investment will pay you $24,000 in 7 years. The appropriate discount rate is 6 percent compounded daily. What is the present value
Answers
Answer:
$15,769.67
Explanation:
The formula for determining present value is
FV x (1 + r/m)^-mn = P
FV = Future value
P = Present value = $24,000
R = interest rate = 6%
N = number of years = 7
m = number of compounding = 365
$24,000 x ( 1 + 0.06/365)^-365 x 7 = $15,769.67