The components of holding cost are the expenses associated with storing materials and handling them until they are sold. The component of holding cost can be divided into four categories.
When determining the amount of inventory to order, both holding costs and ordering costs must be considered. The cost of holding inventory refers to the cost of storing and handling inventory until it is sold. It can be divided into four categories: (a) storage costs, (b) handling costs, (c) damage, obsolescence, and shrinkage, and (d) capital costs.
Components of Holding Costs:
a.Storage Costs - This refers to the cost of renting or owning a warehouse and any other storage facilities required to keep the materials in good condition. The cost of building maintenance, utilities, and security is also included.
b. Handling Costs - The cost of handling the goods, including transportation, sorting, picking, and packaging, is referred to as handling costs.
c. Damage, Obsolescence, and Shrinkage - These are the costs incurred as a result of storing materials for an extended period. Materials may become obsolete or damaged, and there may be theft or loss due to natural disasters, accidents, or pilferage.
d. Capital Costs - These are the costs of financing inventory, including interest and opportunity costs associated with tying up capital in inventory.
In conclusion, the component of holding cost can be divided into four categories, i.e., storage costs, handling costs, damage, obsolescence, and shrinkage, and capital costs.
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You are using a classification model for stakeholders’ analysis that groups the stakeholders based on their level of authority and their level or concern regarding the project outcomes. This is known as:
Group of answer choices
Power/influence grid.
43) Generally, a bid differs from a proposal in that the term:
Group of answer choices
Bid is used when the seller selection decision will be based on price.
Bid is used when technical capability or technical approach are paramount.
Proposal is used when the selection decision will be based on price.
Proposal is used when the project time frame is limited.
Influence/impact grid.
Power/interest grid.
Salience model.
42) A thorough analysis of the ____________ will help identify potential risks to the project.
Group of answer choices
Risk identification checklist based on historical information and knowledge
Project's change control system
Project's mission statement
Project's schedule and budget
1. You are using a classification model for stakeholders’ analysis that groups the stakeholders based on their level of authority and their level or concern regarding the project outcomes. This is known as Salience model. Therefore, the correct option is D.
2. Generally, a bid differs from a proposal in that the term as bid is used when the seller selection decision will be based on price. Therefore, the correct option is A.
3. A thorough analysis of the risk identification checklist based on historical information and knowledge will help identify potential risks to the project. Therefore, the correct option is A.
1. Salience model is a classification model used for stakeholders’ analysis that groups the stakeholders based on their level of authority and their level of concern regarding the project outcomes. It prioritizes stakeholders according to their power (influence), legitimacy (authority), and urgency (level of concern). The model aids in the identification of the most important stakeholders who require the most attention and engagement. Hence, the correct answer is option D.
2. In general, a bid differs from a proposal in that the term "bid" is used when the seller selection decision will be based on price, whereas "proposal" is used when the selection decision will be based on technical capability or approach. Hence, the correct answer is option A.
3. A thorough analysis of the risk identification checklist based on historical information and knowledge will help identify potential risks to the project. This checklist provides a list of potential risks based on experience from similar projects in the past, which will aid in identifying risks before they occur.
The other options (Project's change control system, Project's mission statement, and Project's schedule and budget) are important elements of project management, but they do not directly assist in identifying potential risks. Hence, the correct answer is option A.
Note: The question is incomplete. The complete question probably is: 1. You are using a classification model for stakeholders’ analysis that groups the stakeholders based on their level of authority and their level or concern regarding the project outcomes. This is known as: Group of answer choices A) Power/influence grid. B) Influence/impact grid. C) Power/interest grid. D) Salience model.
2. Generally, a bid differs from a proposal in that the term: Group of answer choices A) Bid is used when the seller selection decision will be based on price. B) Bid is used when technical capability or technical approach are paramount. C) Proposal is used when the selection decision will be based on price. D) Proposal is used when the project time frame is limited.
3. A thorough analysis of the ____________ will help identify potential risks to the project. Group of answer choices A) Risk identification checklist based on historical information and knowledge. B) Project's change control system. C) Project's mission statement. D) Project's schedule and budget.
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Matching Question Match the following strategies for selling products globally with the correct definition. Product extension Product extension drop zone empty. Product adaption Product adaption drop zone empty. Product invention Product invention drop zone empty. Creating a totally new product to satisfy common needs across countries. Selling virtually the same product in other countries. Changing a product to make it more appropriate for a country's climate or consumer preferences. Need help
Answer:
1. Product invention.
2. Product extension.
3. Product adaptation.
Explanation:
A product can be defined as any physical object or material that typically satisfy and meets the demands, needs or wants of customers. Some examples of a product are mobile phones, television, microphone, microwave oven, bread, pencil, freezer, beverages, soft drinks etc.
1. Product invention: it involves creating a totally brand new product to satisfy or meet common consumer needs across countries.
2. Product extension: it involves selling virtually the same product in other counties i.e sales of product that are the same in various countries.
3. Product adaptation: it involves changing a product in order to make it more appropriate or convenient for a county's climate or consumer preferences.
Due to mismanagement, Pakistan Steel Mills is currently over levered with a debt to capital ratio of 80% and a pre-tax cost of debt of 8%. Management of Pakistan Steel Mills is considering a restructuring that will reduce the company's debt to capital ratio to 40% and its pre-tax cost of debt to 6%.
Current:
Debt/(Debt+Equity) = 80%
Cost of Debt (pre-tax) = 8%
Cost of Equity = 24.10%
Recapitalised:
Debt/(Debt+Equity) = 40%
Cost of Debt (pre-tax) = 6%
Cost of Equity = ?
If the marginal tax rate is 25%, the risk-free rate is 2.5%, and the equity risk premium is 6%, estimate the cost of capital after the restructuring.
The estimated cost of capital after the restructuring is 10.82%.
Using the MM Proposition II with taxes, we need to first calculate the Cost of unlevered equity;
Cost of unlevered equity = (Cost of levered equity+cost of debt*D/E*(1-tax rate))/(1+D/E*(1-tax rate))
Cost of unlevered equity = (24.10% + 8%*80%/20%*(1-25%)) / (1+80%/20%*(1-25%))
Cost of unlevered equity = 12.03
Cost of levered equity = Cost of unlevered equity + (Cost of unlevered equity-Cost of debt)*D/E*(1-tax rate)
Cost of levered equity = 12.03% + (12.0250%-6%)*40%/60%*(1-25%)
Cost of levered equity = 15.04%
Cost of capital (WACC) =40%*6%*(1-25%)+60%*15.0375%
Cost of capital (WACC) = 0.018 + 0.090225
Cost of capital (WACC) = 0.108225
Cost of capital (WACC) = 10.82%
In conclusion, the estimated cost of capital after the restructuring is 10.82%.
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having a vendor be responsible for managing the restocking of inventory is what is meant by the term______ a) EOQ III. b) SCM I. c) POQ II. d) MRP II. e) JIT II.
Having a vendor be responsible for managing the restocking of inventory is what is meant by the term:b) SCM I.
The correct answer to your question is option b) SCM I. SCM stands for Supply Chain Management, which refers to the coordination and management of activities involved in the production and delivery of goods or services. When a vendor is responsible for managing the restocking of inventory, it means that they are managing the supply chain on behalf of the business. The vendor is responsible for maintaining inventory levels, ensuring that products are delivered on time, and managing the relationship with suppliers. This is a common practice in many industries, where businesses outsource the management of their supply chain to third-party vendors to reduce costs and improve efficiency. SCM I is a term that refers to the first stage of supply chain management, which involves the planning and coordination of activities involved in the production and delivery of goods or services. It includes activities such as demand planning, inventory management, and logistics management. By outsourcing the management of inventory restocking to a vendor, businesses can focus on other core activities such as product development and marketing. In conclusion, having a vendor responsible for managing the restocking of inventory is referred to as SCM I, which is the first stage of supply chain management. It is a common practice in many industries and helps businesses reduce costs and improve efficiency. Therefore option B) is correct.
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Having a vendor be responsible for managing the restocking of inventory is what is meant by the term Supply Chain Management (SCM).
Supply Chain Management (SCM) is the process of managing the production and delivery of goods or services. When a vendor is responsible for managing the restocking of inventory, they are managing the supply chain on behalf of the business. This is a common practice in many industries, where businesses outsource the management of their supply chain to third-party vendors to reduce costs and improve efficiency. The term SCM I refers to the first stage of supply chain management, which involves activities such as demand planning, inventory management, and logistics management. By outsourcing the management of inventory restocking to a vendor, businesses can focus on other core activities such as product development and marketing. Overall, having a vendor responsible for managing inventory restocking is an effective way to streamline the supply chain process and increase business efficiency.
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Which of the following items have elastic demand? (Remember: items that are “wants” and/or have many substitutes tend to be elastic. Items that are “needs” and/or have few substitutes tend to be inelastic.) Select all that apply.
Group of answer choices
Apple Juice
Jeans
Salt
Chicken
Gasoline
Insulin
The items that have elastic demand include A. Apple Juice, B. Jeans, and D. Chicken.
What is elastic demand?Elastic demand means that the demand for goods changes based on economic factors like income or price.
Goods with elastic demand usually have substitutes because they are wants and not needs.
Thus the items that have elastic demand include A. Apple Juice, B. Jeans, and D. Chicken.
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Leadership is best defined as ________. Group of answer choices the ability to induce the team members to focus on individual goals rather than collective goals the ability to influence a group toward the achievement of a vision or set of goals the ability to reduce the dependence of team members on each other the ability to merely project one's abilities in the lack of actual accomplishments the ability to use factors like training and experience to reduce dependence on formal leadership
Answer:
the ability to influence a group toward the achievement of a vision or set of goals
Explanation:
Hi-V produces three types of canned juice drinks, A, B, and C, using fresh strawberries, grapes, and apples. The daily supply is limited to 200 tons of strawberries, 90 tons of grapes, and 150 tons of apples. The cost per ton of strawberries, grapes, and apples is $210,$110, and $100, respectively. Each ton makes 1500lb of strawberry juice, 1200lb of grape juice, and 1000lb of apple juice. Drink A is a 1:1 mix of strawberry and apple juice. Drink B is 1:1:2 mix of strawberry, grape, and apple juice. Drink C is a 2:3 mix of grape and apple juice. All drinks are canned in 16 -oz ( 1lb) cans. The price per can is $1.15,$1.25, and $1.20 for drinks A, B, and C. Develop an LP model to determine the optimal production mix of the three drinks. (only the formulation is required)
The LP model aims to determine the optimal production mix of drinks A, B, and C using limited supplies of strawberries, grapes, and apples. The objective is to maximize profit while considering the cost of ingredients and the can price per drink.
Let:
x1 = number of cans of Drink A produced
x2 = number of cans of Drink B produced
x3 = number of cans of Drink C produced
The objective is to maximize the profit, which is given by the equation:
Maximize: 1.15x1 + 1.25x2 + 1.20x3
Subject to the following constraints:
Strawberry constraint: 1500lb * x1 + 1500lb * x2 <= 200 tons (converted to lb)
Grape constraint: 1200lb * x2 + 1200lb * x3 <= 90 tons (converted to lb)
Apple constraint: 1000lb * x1 + 1000lb * x2 + 1000lb * x3 <= 150 tons (converted to lb)
Non-negativity constraints:
x1 >= 0, x2 >= 0, x3 >= 0
The LP model aims to maximize the profit by determining the optimal values of x1, x2, and x3 while considering the constraints imposed by the availability of strawberries, grapes, and apples.
The objective function represents the total profit obtained from the production and sale of the drinks, and the constraints ensure that the ingredient usage does not exceed the available supply.
Non-negativity constraints ensure that the production quantities cannot be negative.
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OMARK FOR REVIEW
Question 4 of 40
4. Which is considered a nonjudgmental statement when stopping alcohol service to a guest?
O "I cannot serve you more alcohol because you have had enough. "
O "I'm pretty sure you won't be able to drive home, so I'm not serving you any more drinks. "
O "You seem pretty intoxicated, and I feel that you have had enough to drink tonight. "
O "I'm sorry, but to serve you more alcohol is against the law. "
Answer:
third optioni
Explanation:
it is not attacking the customer because you are not straightly saying they are intoxicated and you can't just not serve them because they are consuming to much
piano company's costs were over budget by $60,919. piano company is divided into two regions. the first region's costs were over budget by $30,219. determine the amount that the second region's cost was over or under budget.
The second region's costs were over budget by $30,700.
The piano company's costs were over budget by $60,919 and that the first region's costs were over budget by $30,219.
To find out the amount that the second region's cost was over or under budget, we can use the following formula:
Total over budget = First region over budget + Second region over budget
We can rearrange this formula to solve for the second region over budget:
Second region over budget = Total over budget - First region over budget
Substituting the given values, we get:
Second region over budget = $60,919 - $30,219
Second region over budget = $30,700
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Explain why socialist societies do not use a circular flow chart.
True or False: After calculating how much money you have left after paying for all of your monthly expenses, you can
olan on spending up to 50% of that amount on car expenses
Based on microeconomic theory, it is true that after calculating how much money you have left after paying for all of your monthly expenses, you can
plan on spending up to 50% of that amount on car expenses.
Note that after making a payment on living expenses, such as rent, mortgage, utilities, loans, car payments, and food, the money that remains is discretionary income.
This discretionary income can be used as savings, investment, or spending on your discretionary expenses such as vacations and travel expenses, car expenses.
This is because discretionary expenses are categorized under wants instead of needs.
Thus, given that planning for car expenses is a want, then the statement in the question is True.
Hence, in this case, it is concluded that the correct answer is "True."
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In general, reducing the number of periods (n) used to pay off credit card debt but keeping the present value (PV) and interest rate (i) the same will __________. A. Reduce the monthly payment (P) b. Increase the monthly payment (P) c. Eliminate the monthly payment (P) d. Have no effect on the monthly payment (P) Please select the best answer from the choices provided. A B C D.
Credit card debt occurs when a credit card company's customer buys an item or service via the card system.
Is a credit card a form of debt?Revolving debt, such as credit card debt, is a sort of revolving debt. You can borrow month after month as long as you repay enough to ensure that you never owe more than your credit limit. Credit card accounts, unlike installment loan accounts, can be used continuously and are canceled once the debt is paid off.
As a result, Option B is the correct answer for the blank.
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write a story about what could happen if you purchase a home without a
financial plan in action. In other words, what could go wrong, what could
happen as a result, and how could it have been handled differently?
i'm not going to write the whole story but i'll give you a few details :)
- the person ends up buying a house that was falling apart, pipes breaking/leakage, roof falling apart, floorboards splitting.
- goes for a loan to fix the house but doesn't know the process of the loan and gets put into debt.
- tries to fix the house himself cheaply, it works for a week then it goes back to what it was. a lot more holes and breaks show up. hires someone to come fix the things that were breaking and gets put farther into debt and loses a lot of money.
- falls behind on his mortgage and eventually, the house gets repossessed (sorry if i spelt that wrong)
What is the payback period for a project with the cash flows shown belom? Cash fows ane Fex 0 as assunad to be end-of-year cash flows. Year 0 cash flow =−63,000 Year 1 cash flow =−16,000 Year 2 cash flow =21,000 Year 3 cash flow =25,000 Year 4 cash flow =30,000 Year 5 cash flow =30,000 Year 6 cash flow =23,000 Select one: a. 4.55 b. 4.80 c. 5.17 d. 3.85 e. 4.10 1. 3.20
The payback period for this project is 4.1 years.
The payback period is the length of time required to recover the initial investment in a project. To calculate the payback period, we need to determine when the cumulative cash flows equal or exceed the initial investment.
Given the cash flows provided, we can calculate the payback period as follows:
Year 0 cash flow = -$63,000 (negative sign represents an initial investment)
Year 1 cash flow = -$16,000
Year 2 cash flow = $21,000
Year 3 cash flow = $25,000
Year 4 cash flow = $30,000
Year 5 cash flow = $30,000
Year 6 cash flow = $23,000
To find the payback period, we start by subtracting each year's cash flow from the cumulative cash flow until it becomes positive or zero.
Cumulative cash flow at Year 1 = Year 0 cash flow + Year 1 cash flow = -$63,000 + (-$16,000) = -$79,000
Cumulative cash flow at Year 2 = Cumulative cash flow at Year 1 + Year 2 cash flow = -$79,000 + $21,000 = -$58,000
Cumulative cash flow at Year 3 = Cumulative cash flow at Year 2 + Year 3 cash flow = -$58,000 + $25,000 = -$33,000
Cumulative cash flow at Year 4 = Cumulative cash flow at Year 3 + Year 4 cash flow = -$33,000 + $30,000 = -$3,000
Cumulative cash flow at Year 5 = Cumulative cash flow at Year 4 + Year 5 cash flow = -$3,000 + $30,000 = $27,000
The payback period is between Year 4 and Year 5 since the cumulative cash flow becomes positive in Year 5. To determine the exact payback period, we can use linear interpolation:
Payback period = Year 4 + (Cumulative cash flow at Year 4 / Year 5 cash flow) = 4 + ($3,000 / $30,000) = 4 + 0.1 = 4.1 years
Therefore, the payback period for this project is 4.1 years.
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10)
How might a mission statement help Donna with her new
business?
A mission statement can help Donna with her new business by providing clarity and direction for her venture. It serves as a guiding statement that outlines the purpose, values, and goals of the business.
It helps Donna align her decisions, actions, and strategies with the overall mission, facilitating focus and consistency in her business operations. A mission statement is a concise statement that articulates the purpose and core values of a business. It outlines what the business aims to achieve and how it intends to operate. For Donna, having a mission statement for her new business can provide several benefits.
Firstly, it helps Donna define the purpose and direction of her business. It clarifies the reason for starting the business and what it aims to accomplish, providing a sense of focus and clarity.
Secondly, a mission statement helps Donna communicate her business's values and principles to stakeholders, including employees, customers, and investors. It sets the foundation for building a strong company culture and aligning everyone's efforts toward a common goal.
Lastly, a mission statement can serve as a guide for decision-making and strategy development. When faced with choices or challenges, Donna can refer to her mission statement to ensure that her actions align with the overall purpose and values of her business.
A mission statement plays a crucial role in helping Donna with her new business by providing clarity, guiding decision-making, and aligning stakeholders toward a common vision.
In conclusion, a mission statement can significantly benefit Donna in her new business. It provides clarity and direction, communicates values to stakeholders, and guides decision-making and strategy development. By establishing a mission statement, Donna can effectively define her business's purpose and goals, foster a strong company culture, and make informed decisions that align with her business's overall mission. This helps create a solid foundation for success and growth in her new venture.
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An applicants medical information receives from the medical informatuon bureau may be furnished to who?
Which of the following best describes the law of supply and demand?
A. When a desirable product or service is plentiful, its value increases.
B. Businesses can charge extra for products that people use every day.
C. When there is a high demand for a product, it is hard to supply.
D. When a desirable product or service is scarce, its value increases,
Answer:
d is you answer
Explanation:
Answer:
D. When a desirable product or service is scarce, its value increases.
Explanation:
Because more people want a product that there is less of, meaning they will raise the price.
Which of the following is TRUE about owning a share of stock?
A. The value of a share is based on the number of investors in a company.
B. You have to return the share of company you own typically after 5 years, otherwise, you pay a penalty fee each year.
C. Owning a share means you own a percentage of the company.
D. Companies lose significant amounts of money every time someone buys a share.
Answer:
A
Explanation:
The answer to that Question would be A
The value of a share is based on the number of investors in a company that is TRUE about the share of stock.
What is a share stock?Share stock implies the ownership of the individuals in the business based upon the percentage of their holdings in total business shares. It means the single smallest denomination that a company has.
Therefore, the value that share has is based upon the demand for the company's share and supply in the market.
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ces
dual
4. A teacher's reputation is important for
success as a professional. What types
of actions of students in high school and
college potentially affect their reputation
into the future, positively or negatively?
placement goals should be: group of answer choices designed to measure progress toward equal employment opportunity. treated as a floor for employing certain groups. rigid and inflexible quotas which must be met. treated as a ceiling for employing certain groups.
Placement goals should be A. designed to measure progress toward equal employment opportunity.
These goals are an essential part of ensuring a diverse and inclusive work environment. By setting specific objectives related to equal employment opportunities, organizations can track their progress in addressing any disparities in their workforce composition. This, in turn, allows them to take appropriate measures to promote diversity and inclusivity.
It is important to note that placement goals should not be treated as B. a floor or D. a ceiling for employing certain groups, as this would not foster genuine equality or fair opportunities for all applicants. By merely adhering to minimum or maximum quotas, companies could overlook qualified candidates from underrepresented groups and maintain existing imbalances.
Furthermore, placement goals should not be considered as C. rigid and inflexible quotas that must be met. Strict quotas could lead to hiring decisions based on a candidate's demographics rather than their qualifications and skills. Instead, organizations should focus on fostering equal opportunities and removing barriers to employment for individuals from diverse backgrounds.
In summary, placement goals should be designed to measure progress toward equal employment opportunity. This approach enables organizations to effectively promote diversity and inclusivity while ensuring that all applicants are evaluated based on their merits and qualifications, rather than quotas or predetermined limits. Therefore, the correct option is A.
The question was incomplete, Find the full content below:
placement goals should be: group of answer choices
A. designed to measure progress toward equal employment opportunity.
B. treated as a floor for employing certain groups.
C. rigid and inflexible quotas which must be met.
D. treated as a ceiling for employing certain groups.
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) which statement is true as it regards the expansionary fiscal policy : a) policy consist of government spending increase, tax reduction, or both, designed to increase demand and raise real gdp. b) tax reductions are short cycle less than three months. c) increase in government spending is for capital projects only. d) the government spending increase is for local projects only. a ) a is true b) b is true c) c is true d) d is true
The true statement about expansionary fiscal policy is policy consists of government spending increase, tax reduction, or both, designed to increase demand and raise real GDP. Expansionary fiscal policy is a tool used by the government to boost economic growth and activity. Option A is correct.
This can be done through increasing government spending on public projects or reducing taxes for individuals and businesses, which puts more money in their pockets and stimulates spending. Unlike option b), tax reductions under expansionary fiscal policy can last for an extended period, not just a short cycle of less than three months.
Option c) is false, as the increase in government spending can be for both capital projects and other initiatives. Option d) is also false, as the government spending increase can be on both local and national projects.
Therefore, option A is correct.
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If a process has _______________ or _______________ inventory of partially completed production, equivalent units must be calculated so that total costs incurred during the period are assigned to all units worked on.
If a process has work-in-progress or unfinished inventory of partially completed production, it is necessary to calculate equivalent units to ensure that total costs incurred during the period are assigned to all units worked on.
Equivalent units refer to a measure of production that combines partially completed units with completed units. It is calculated by multiplying the number of partially completed units by the percentage of completion and adding it to the number of fully completed units. This allows for a more accurate calculation of costs per unit and helps managers make informed decisions about the efficiency of the production process.
By understanding equivalent units, managers can identify inefficiencies in the production process and make necessary adjustments to improve productivity and profitability.
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Please only answer if you can help!!
Bobby is building a home for Shyla that under the original contract is to be completed by June 3rd. Shyla found the plans for the home in a publication focusing on unique houses and is excited because it will be the only style of home in this area. Because he underestimated the time needed for special antique framing required for Shyla's house, Bobby tells Shyla that he needs to hire additional workers in order to have the home done by that time and that Shyla needs to pay him an extra $5,000. Shyla says that she will pay the extra $5,000. Bobby finishes the home and asks for his $5,000. Shyla refuses to pay. What will happen if Bobby sues? Which theory of contracts/consideration is applicable and then who will win in this scenario.
Shyla must pay Frank the extra $5,000 because she consented to do so and didn't object to Frank's miscalculation of time when she consented to give him $5,000.
Is an agreement a contract if consent to it was obtained by coercion?When agreement is gained by the exercise of undue influence, the agreement may be revoked at the sole discretion of the individual whose consent was coerced.
What is agreement when it is forced and the outcome of mistake?It is impossible to argue that consent was granted voluntarily if it was obtained under duress, coercion, fraud, misrepresentation, or error. The contract is voidable if there is a mistake in the cause or the factor that led to the mistake.
Is the contract valid when a party's consent is not freely given?When a contract is signed without the parties' express assent, it is deemed voidable. The legislation defines a voidable contract as one that is enforceable by law at the choice of one or more parties, but not at the discretion of the other parties.
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What types of loans are available to consumers?
Explanation:
Credit Cards: That used fund daily transactions by customers.
Car Loans: That used fund the purchasing of a car by customers.
Private loans: Used mostly by borrowers for school funding.
Personal Loans: Being used personal usage by customers.
On which section of the application would a borrower be asked to attest to legal issues that could impact repayment ability, such as outstanding judgments, tax liens or delinquencies on other debts?
Section I
Declarations
Assets and Liabilities
Information for Government Reporting
A borrower would be asked to attest to legal issues that could impact repayment ability on the section of the application called "Information for Government Reporting."
Understanding Information for Government ReportingThis section is usually located towards the end of the loan application and includes questions related to the borrower's personal and financial background.
Lenders need to gather information on outstanding judgments, tax liens, or delinquencies on other debts as part of their risk assessment process to determine the borrower's ability to repay the loan.
By attesting to these legal issues, the borrower acknowledges that they have disclosed all relevant information to the lender and that any misrepresentation could result in legal consequences.
It is important for borrowers to be honest and transparent about any legal issues that may impact their ability to repay the loan. Lenders may deny the loan application or require additional documentation or collateral to mitigate the risk associated with these legal issues.
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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.
An applicant is discussing his options for Medicare supplement coverage with his agent. The applicant is 65 years old and has just enrolled in Medicare Part A and Part B. What is the insurance company obligated to do?
A. Exclude pre-existing conditions from coverage under the supplement policies
B. Look at the applicant's medical history to decide what premium to charge
C. Send the applicant to a doctor for a physical. Nothing can happen until they get the results.
D. Offer the supplement policy on a guaranteed issue basis
Answer:
D, Offer the supplement policy on a guaranteed issue basis.
Explanation:
Since the applicant has enrolled in both Medicare part A and B, the insurance has nothing more to do than offer the supplementary policy requested by the applicant.
Medicare is an important enrollment for person that have attained the age of 65. It is is a scheme that helps people of that age and above with their medical bills from there on. It is divided into Parts A and B and it is mandatory at the age of 65 that an individual enrols for medicare Part A irrespective of whether the individual is working or not or has an existing health plan from the employer. Part B on the other hand is important to enhance Part A but could be waived or stopped as decided for reasons best known to the individual.
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In Walt Disney's Magic Kingdom, customers can visit a fairy kingdom, a pirate ship, or even a haunted house. Disney is marketing a(n) ________
Answer:
Experience.
Explanation:
Marketing mix can be defined as the choices about product attributes, pricing, distribution, and communication strategy that a company blends and offer its targeted markets so as to produce a desired response.
Generally, a marketing mix is made up of the four (4) Ps;
1. Products: this is typically the goods and services that gives satisfaction to the customer's needs and wants. They are either tangible or intangible items.
2. Price: this represents the amount of money a customer buying goods and services are willing to pay for it.
3. Place: this represents the areas of distribution of these goods and services for easier access by the potential customers.
4. Promotions: for a good sales record or in order to increase the number of people buying a product and taking services, it is very important to have a good marketing communication such as advertising, sales promotion, direct marketing etc.
A service organization can be defined as an assembly of people who are saddled with the responsibility of providing customer-oriented services rather than just making profit.
In Walt Disney's Magic Kingdom, customers can visit a fairy kingdom, a pirate ship, or even a haunted house. Thus, Disney is marketing an experience because they comprises of both a tangible and an intangible quality.
Sherry owns a car business. She just received a shipment of Volkswagen SUVs. She paid $60,000 for each vehicle and wants to make 25% on each car sale. What is Sherry's selling price?.
The selling price of the price that is offered to the buyer of the goods. The selling price of the car should be $75,000.
What is the selling price?The selling price is the ultimate value of the goods the seller is willing to offer to the buyer at the time of sale. It is determined by adding up the profit margin to the actual cost of the goods.
The computation of the selling price of the car:
Given,
Cost price =$60,000Margin =25%\(\begin{aligned}\text{Selling Price}&=\text{Cost Price}+\text{Margin}\\&=\$60,000+(\$60,000\times25\%)\\&=\$60,000+\$15,000\\&=\$75,000\end{aligned}\)
Therefore, if Sherry wants to make 25% on the sale of each car then the car must be sold at $75,000 each.
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c. (5pts) how much is sally's utility level if she receives an amount of money equal to the expected money value of the lottery?
Sally's utility level would depend on the specific utility function that she follows.
Utility level is a measure of the satisfaction or happiness that an individual gains from consuming a particular good or service. It is subjective and varies from person to person based on their preferences and choices. Sally's utility level would be determined by her utility function, which specifies the relationship between the amount of money she receives and the level of satisfaction she derives from it.
To calculate Sally's utility level, we need to know her utility function and the expected money value of the lottery. Let's assume that Sally's utility function is given by U(M) = M^(1/2), where M represents the amount of money she receives. This function implies that Sally's utility level increases at a decreasing rate as the amount of money she receives increases. Now, let's assume that the expected money value of the lottery is $500. To calculate Sally's utility level, we need to plug this value into her utility function: U($500) = ($500)^(1/2) = $22.36 This means that Sally's utility level would be $22.36 if she received an amount of money equal to the expected money value of the lottery. However, it's important to note that this calculation is based on the assumption that Sally's utility function is U(M) = M^(1/2). If her utility function were different, her utility level would also be different.
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