Option b is correct. To measure a business buyer's likelihood of purchase, marketers need to establish relationships between variables available in industry classification data such as: Number of employees and size of potential customer purchases.
A person or business that purchases goods or services from another business is called a customer. Consumers are important to businesses because they generate income. Without them, they would cease to exist.
No matter what industry you are in or what services or products you offer, your customers are the most important aspect of your business. There are no sales without customers. Therefore, it is important when crafting marketing strategies and messages.
Buyers of industrial equipment are most likely to use sampling as a purchasing method. Fed Bid is an online reverse auction site for government agencies. A reverse auction is initiated by buyers who invite companies to bid against each other to provide specified goods or services.
A target market is a specific group of people with common characteristics to whom a company sells its products or services. Companies use target markets to fully understand their potential customers and develop marketing strategies that help them achieve their business and marketing goals.
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Question 3: This question has three parts. Part A AussiBlast, an Australian gold mining company, has several mining fields in the African countries. They decided to issue bond denominated in pound sterling to raise finance from London for one of its subsidiaries in Ghana. Discuss some reasons why AussiBlast might issue bond denominated in pound sterling? Part B Assume that a portfolio is 60% invested in the U.S. stocks and 40% in the rest of the world. Annualized expected returns are 7% and 9% for the U.S. stocks and the rest of the world, respectively. Using the following information, standard deviation in the U.S. stocks, σ
USA
=15%; standard deviation in the rest of the world, σ
FORLD
=16% and the correlation between the U.S. stocks and the rest of the world, r
USA.wORLD
= 0.50, calculate the risk and return of the international portfolio (must show your workings). Part C You are working in an MNC which is pursuing a new foreign project. Your MNC has a group-wide debt-equity ratio of 1:2, pre-tax cost of debt 8 percent, the tax rate of 30% and a cost of equity capital of 15%. However, the systematic risk of the new project is estimated to be lower than the group and hence the required return on equity is estimated to be 12% but the cost of debt capital is expected to be 10 percent (pre-tax). What is the foreign project's weighted average cost of capital (must show your workings)? [3+4+4=11 marks ]
Therefore, the foreign project's weighted average cost of capital (WACC) is 10.35%.
Part A: There are several reasons why AussiBlast might issue a bond denominated in pound sterling for its subsidiary in Ghana:
1. Currency stability: Pound sterling is known for its stability in the foreign exchange market, which can reduce the risk of currency fluctuations for AussiBlast. This stability provides assurance to investors that their investments will not be greatly affected by exchange rate changes.
2. Access to a larger investor base: By issuing bonds in pound sterling, AussiBlast can tap into a larger pool of potential investors in the London market. This can increase the demand for bonds and potentially lower the cost of borrowing for the company.
3. Diversification of funding sources: By diversifying its funding sources, AussiBlast can reduce its reliance on a single currency or market. This can help mitigate risks associated with economic or political events that may impact the Australian dollar or other markets where the company operates.
Part B: To calculate the risk and return of the international portfolio, we can use the following steps:
1. Calculate the weighted average return:
- U.S. stocks: 60% * 7% = 4.2%
- Rest of the world: 40% * 9% = 3.6%
Total weighted average return = 4.2% + 3.6% = 7.8%
2. Calculate the portfolio standard deviation using the formula:
Portfolio standard deviation = √[(w1^2 * σ1^2) + (w2^2 * σ2^2) + (2 * w1 * w2 * ρ * σ1 * σ2)]
where:
w1 = weight of U.S. stocks = 0.6
w2 = weight of rest of the world = 0.4
σ1 = standard deviation of U.S. stocks = 15%
σ2 = standard deviation of rest of the world = 16%
ρ = correlation between U.S. stocks and rest of the world = 0.5
Plugging in the values:
Portfolio standard deviation = √[(0.6^2 * 0.15^2) + (0.4^2 * 0.16^2) + (2 * 0.6 * 0.4 * 0.5 * 0.15 * 0.16)]
Portfolio standard deviation = √[0.00306 + 0.01024 + 0.00576] = √0.01906 = 0.138
The portfolio standard deviation is 0.138.
3. The risk and return of the international portfolio are as follows:
Return: 7.8%
Risk (standard deviation): 0.138 or 13.8%
Part C: To calculate the foreign project's weighted average cost of capital (WACC), we can use the following steps:
1. Calculate the cost of equity:
The cost of equity is estimated to be 12%.
2. Calculate the cost of debt:
The pre-tax cost of debt is 10%.
The tax rate is 30%.
Therefore, the after-tax cost of debt is 10% * (1 - 0.3) = 7%.
3. Calculate the weights of debt and equity:
The debt-equity ratio is 1:2.
Therefore, the weight of debt is 1/(1+2) = 1/3 = 0.33, and the weight of equity is 2/(1+2) = 2/3 = 0.67.
4. Calculate the foreign project's WACC using the formula:
WACC = (Weight of Equity * Cost of Equity) + (Weight of Debt * Cost of Debt)
Plugging in the values:
WACC = (0.67 * 0.12) + (0.33 * 0.07) = 0.0804 + 0.0231 = 0.1035 or 10.35%
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Which is an appropriate strategy for products at the decline stage of the product cycle?
Cost leadership approach. Streamline operations, reduce costs, and offer competitive prices in declining market.
What factors should be considered when determining the pricing strategy for a product?An appropriate strategy for products at the decline stage of the product cycle is to adopt a cost leadership approach.
This means focusing on reducing costs and streamlining operations to maintain profitability in the declining market.
Companies can achieve this by optimizing their production processes, implementing cost-saving measures, and reducing overhead expenses.
By offering competitive prices, companies can attract price-sensitive customers and maintain their market share despite declining demand.
Additionally, companies may consider diversifying their product offerings or targeting niche markets to extend the product's life cycle and generate additional revenue streams.
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which of these is mos likely outcome of a financial crisis
Answer:
More bankruptcies
Explanation:
Financial crises are caused by number of reasons such as stock market crash, liquidity shortage, over-valued assets which make investors sell off their investments hence causes panic withdrawals for customers due to rumored banking collapse etc.
When financial crises occur, the profit due to firms will be eroded because the revenue expected by them is not coming forth. Moreso, the overall corporate profit would also be affected by the financial crises hence bring about loss and subsequent bankruptcies.
Financial crises creates unemployment or massive lay-offs, loss of money hence increase chances of creating more bankruptcies.
Mark and Spencer Limited issued a semi-annual interest rate bond with a face value of $1,000. The bond is currently trading at $1,028.50, with 5.0 percent coupon rate. If the yield to maturity is 5.2 percent, calculate the number of years to maturity of Mark and Spencer’s bond.
a. 8.28 years
b. 8.80 years
c. 10.80 years
d. 10.94 years
The number of years to maturity of Mark and Spencer's bond is 8.28 years. (Option A)
To calculate the number of years to maturity, we can use the formula for bond price calculation:
Bond Price = (Coupon Payment / (1 + Yield)^1) + (Coupon Payment / (1 + Yield)^2) + ... + (Coupon Payment + Face Value / (1 + Yield)^n)
In this case, the bond price is given as $1,028.50, the coupon rate is 5.0%, and the yield to maturity is 5.2%. The face value of the bond is $1,000.
By plugging in these values into the formula and solving for 'n', we find that the number of years to maturity is approximately 8.28 years.
Therefore, option A is the correct answer.
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what type of event is an agent conducting when he presents plan information that includes benefits and cost sharing in an audience-presenter format?
Considering the marketing strategies ideas, the type of event an agent is conducting when he presents plan information that includes benefits and cost-sharing in an audience-presenter format is "Formal marketing/sales events."
This is because Formal marketing/sales events are a type of marketing sales event that is created or structured in a formal or an audience and presenter style.
It is usually done in a way that involves the salesperson giving plan-specific information via a content management system.
It also involves the presentation styles called carrier-approved sales presentations, talking points, and marketing materials.
Hence, in this case, it is concluded that the correct answer is "Formal marketing/sales events."
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An angle bisector of an exterior angle of triangle abc intersects the line ab at point d. prove that ad:bd = ac:bc.
To prove that ad:bd = ac:bc, we can use the angle bisector theorem, which states that in any triangle, an angle bisector divides the opposite side into two segments that are proportional to the adjacent sides.
Let E be the point where the angle bisector of exterior angle BCD intersects BC. Then, by the angle bisector theorem, we have:
BD/DE = BC/CE
Similarly, let F be the point where the angle bisector of exterior angle BAC intersects AB. Then, we have:
AD/DF = AC/CF
Now, we can use the fact that angles BCD and BAC are supplementary to get:
BD/DE = AC/CE
AD/DF = BC/CF
Multiplying these two equations together, we get:
(BD/DE) x (AD/DF) = (AC/CE) x (BC/CF)
Substituting the first equation into the left-hand side and the second equation into the right-hand side, we get:
(BD/DE) x (AD/DF) = (AC/BC)
Simplifying this equation, we get:
AD/BD = AC/BC
Therefore, we have proved that ad:bd = ac:bc.
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Aptitude tests are designed to measure potential for accomplishment. B how much has been learned. verbal abilities. D capacity for divergent thinking Question 6 2 Points The difference between gross and fine motor skills is whether they A are controllable B involve bigger or smaller muscles. involve mental or physical skills. D are due more to nature or nurture.
The difference between gross and fine motor skills is whether they involve bigger or smaller muscles.
Gross motor skills refer to the ability to control and coordinate large muscle groups to perform movements such as walking, running, jumping, and throwing. These skills involve the use of larger muscle groups and the coordination of multiple body parts.
On the other hand, fine motor skills involve the coordination and control of smaller muscle groups, particularly those in the hands and fingers. These skills are necessary for activities that require precise movements, such as writing, drawing, typing, or using utensils. Fine motor skills are essential for tasks that require dexterity, hand-eye coordination, and precision.
The distinction between gross and fine motor skills is primarily based on the size and complexity of the muscle groups involved in the movement. Gross motor skills focus on larger muscle groups and movements, while fine motor skills involve smaller muscle groups and more precise movements. Both types of motor skills are important for overall physical coordination and performance of various tasks in daily life.
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who benefits form medicare taxes?
Answer: The Medicare tax rate is 1.45% of an employee's gross income. The Medicare tax, which is a charge on both employers and employees, is paid by both.
The owner of Firewood To Go is considering buying a hydraulic wood splitter which sells for $50,000. He figures it will cost an additional $100 per cord to purchase and split wood with this machine, while he can sell each cord of split wood for $125. How many cords of wood would he have to split with this machine to break even
Answer:
The correct answer is "2000 units".
Explanation:
Given:
Fixed cost,
F = $50,000
Variable cost,
VC = $100 per unit
Price,
P = $125 per unit
Let the units to be sold be "x".
Throughout the case of breakeven,
⇒ \(Total \ revenue=Total \ cost\)
⇒ \(125x=50000+100x\)
On subtracting "100x" from both sides,
⇒ \(125x-100x=50000+100x-125x\)
⇒ \(25x=50000\)
⇒ \(x=\frac{50000}{25}\)
⇒ \(=2000 \ units\)
Aggregate planning for services differs from manufactured goods because Select one or more: a. services cannot be inventoried. b. demand for services is difficult to predict. c. goal of services is to maximize revenue and profit d. capacity is difficult to predict for services. e. service companies can easily adjust prices to respond to demand levels
Agregate planning for services differs from manufactured goods because demand for services is difficult to predict. Option B is correct.
What is aggregate planning for services?This is the part of a businesses operational schedule that has to do with the following:
DevelopingMonitoringSustainanceAggregate planning helps to generate a plan for the levels of inventory in a business.
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what are three or four components of a well-thought-out, achievable, and reasonable business strategy? what mistakes do companies make when developing their strategies
The mistakes companies make when developing their business strategies are Visioning, Objective Setting ,Resource Allocation, Prioritization or Strategic Tradeoffs.
Business Strategy
Business strategy is the plan of action or collection of choices made by entrepreneurs to help them achieve particular business goals. In order to maintain operations, attract consumers, ensure a competitive position in the market, and accomplish the firm's goals, management of a company simply implements a master plan. It is the long-term sketch of the organization's desired image, direction, and destination. It is a carefully considered and adaptably created plan of company intent and action with the following goals:
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Insurance is a financial risk that allows a
Answer:
The insurance risk class allows insurance companies to determine the amount of coverage needed, as well as how much that coverage should cost.
Hope it helps! :)
as a commercial banker, which objective outside source should you use to supplement your business development calls?
The objective outside source that you should use to supplement your business development calls, as a commercial banker, is C. Credit Bureaus.
What happens in business development calls ?Business development calls happen when a lender needs to ascertain the credit worthiness of a person or business that is trying to acquire a loan from them.
The business development call involves the various processes that the person will need to get involved in. As a commercial banker who loans money to people, they will need to call an objective source to supplement the process and one such source would be a credit bureau. These credit bureaus have credit histories and ratings of different entities and so would be objective.
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Options for this question include :
A. Relatives B. The World BankC. Credit BureausD. Other bankersdescribe how net profit of a business is calculated?
Answer:
u must work out the total cost and variable cost and add them up, then you must count all your sales and figure out ur revenue. then u do ur total revenue minus ur total costs
mark as brainliest
The formula to calculate profit is: Total Revenue - Total Expenses = Profit. Profit is determined by subtracting direct and indirect costs from all sales earned. Direct costs can include purchases like materials and staff wages. Indirect costs are also called overhead costs, like rent and utilities.
For businesses, profit is often calculated by profit margin formula:follow me nice business
How easy is it to secure a job?
Answer:
Depending on your skills, it can be easy or hard to secure a job! If your hard working and fulfilling any commitment it should be easy! :)
Explanation:
Hope this helps! :)
Answer:
It depends on what job it is and the requirements that it requires. It can also depend on the experience you have. If you have a lot of experience then it could be easier to get a job.
Hope this helps have a great day.:)
Read the short case on ‘two very different hotels’ in Slack et al. (2014, p. 24 - 25) and write a response to the following questions.
1. For each hotel, what is the role of technology and the role of the operation’s staff in delivering an appropriate level of service?
2. What are the main differences in the operations management challenges facing the two hotels?
Hotel 1: The role of technology in delivering an appropriate level of service for Hotel 1 is to provide efficient processes and systems that enable the hotel to run smoothly and efficiently.
Technology is used to automate many of the operations processes, such as booking and check-in, as well as providing the hotel with a secure and reliable online presence. The operation’s staff are responsible for managing the day-to-day operations of the hotel, such as housekeeping, customer service, and maintenance. They are also responsible for providing a personalized service to guests, ensuring that the hotel is providing a high level of service and meeting customer expectations.
Hotel 2: The role of technology in delivering an appropriate level of service for Hotel 2 is to provide a platform to facilitate the personalized service that the hotel is offering. Technology is used to enable the hotel staff to provide a tailored experience to each guest, such as being able to customize the menu, music, and other aspects of the guest experience. The operation’s staff are responsible for managing the day-to-day operations of the hotel, as well as providing a personalized service to each guest. They are also responsible for ensuring that all aspects of the hotel’s operations are running smoothly and efficiently.
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Company W’s stock is twice as risky as the market. The expected return of the market is 7.5%, and Treasury Bills are yielding 1%. What is the expected return of Company W’s stock?
The expected return of Company W's stock is higher than the Treasury Bill yield of 1% and is influenced by the level of risk associated with the stock.
Since Company W's stock is twice as risky as the market, it has a higher level of systematic risk or beta. Therefore, the expected return of Company W's stock would be higher than the market's expected return of 7.5%. The formula for the expected return of a stock is:
Expected Return = Risk-Free Rate + Beta x (Market Return - Risk-Free Rate)
Using the information given in the question, we can calculate the expected return of Company W's stock as follows:
Expected Return = 1% + 2 x (7.5% - 1%)
Expected Return = 1% + 2 x 6.5%
Expected Return = 1% + 13%
Expected Return = 14%
Therefore, the expected return on Company W's stock is 14%. This means that investors who invest in Company W's stock can expect to earn a return of 14% on their investment, assuming that the stock's risk level remains constant.
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5.
An efficient economy is one that
Ouses its resources to make the most goods and services.
Ohas very few people who do not work for a living.
Omake it possible to increase an economy's output.
Omakes the best use of all its goods and services.
I
120*45+120*54*120+0+0+0+0+0+0+0=
Answer:
783000
Explanation:
Answer: 783000
Explanation:
Does the United States have a crime "problem" compared to other advanced and industrialized nations? Why or why not?
Why are the definitions of crime and criminal behavior critically important to political entities? Explain.
Assessing whether the United States has a crime "problem" compared to other advanced and industrialized nations is a complex matter that requires careful analysis and consideration of various factors. It is essential to recognize that crime rates and their comparison can be influenced by numerous socio-economic, cultural, and demographic factors.
Here are some points to consider:
Crime Rates: When evaluating crime levels, it is crucial to examine various crime indicators, such as violent crime rates, property crime rates, or specific types of offenses. Comparative analysis should consider the specific types of crimes and the frequency at which they occur.
Data and Reporting: Comparing crime rates across nations can be challenging due to differences in reporting practices, data collection methodologies, and legal definitions. Variations in crime reporting and recording practices can affect the accuracy and comparability of crime statistics.
Socio-economic Factors: Crime rates are influenced by socio-economic factors such as poverty, income inequality, unemployment rates, educational attainment, and social welfare systems. These factors can vary among countries and have an impact on crime levels.
Cultural and Demographic Differences: Cultural and demographic factors, including population density, diversity, social norms, and attitudes towards crime, can also affect crime rates. These factors can differ significantly among nations, leading to variations in crime levels.
Regarding the definitions of crime and criminal behavior, they are critically important to political entities for several reasons:
Legal Framework: Definitions of crime form the foundation of a country's legal system. They define what actions are considered unlawful and provide guidelines for law enforcement, the judiciary, and the criminal justice system to identify, prosecute, and punish offenders.
Consistency and Fairness: Clear and precise definitions of crime ensure consistency and fairness in the application of laws. It helps prevent arbitrary or discriminatory enforcement and ensures equal treatment under the law.
Public Safety and Order: Defining criminal behavior helps protect public safety and maintain social order. By identifying and categorizing certain behaviors as crimes, governments can establish rules and regulations that help deter individuals from engaging in harmful actions and protect citizens from harm.
Resource Allocation: Accurate definitions of crime assist in resource allocation for law enforcement, judicial processes, and correctional systems. It enables governments to focus their efforts and resources on combating specific types of criminal behavior based on their severity and impact on society.
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The branch of economics that studies strategic decision making is called:
interdependence theory.
game theory.
competitive theory.
noncompetitive theory.
strategic theory.
The branch of economics that studies strategic decision making is called game theory.
Game theory is a mathematical approach to analyzing decision-making in situations where multiple players interact and their decisions affect each other. It is concerned with predicting how players will behave and how their decisions will affect each other in a given situation.
Game theory is widely used in economics, political science, and psychology, among other fields, to analyze a wide range of strategic interactions, including bargaining, competition, and cooperation. Its insights have proven useful in a variety of real-world settings, such as designing auction systems, analyzing market competition, and negotiating international agreements.
Overall, game theory provides a powerful tool for understanding strategic behavior and has become an essential part of modern economic theory.
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How important is money
Answer:
very important
Explanation:
money is a global income source for everyone. we all have different types but it is all still money. now say one country got rid of money and had people pay for stuff using other things. if china did that lots of different countries wouldn't be able to get stuff from there unless they had so much of that product they could just give it up.
other things constant, how will an increase in the wages of teenagers affect the market for fast food hamburgers?
With all else remaining constant, a rise in teens' income will have an impact on the market for fast food hamburgers by increasing the supply and lowering the cost of hamburgers.
How does the pricing change when the supply increases?While all other factors remain constant, an increase in supply will cause the equilibrium price to fall while increasing the amount required. Due to a decrease in supply, the amount sought will decrease, raising the equilibrium price.
When demand is constant, the connection between prices and supply for products and services is inverse. When the supply of those goods and services increases while the demand for those goods and services remains constant, prices frequently decline to a lower equilibrium price and a larger equilibrium quantity of those products and services.
When the cost is reduced, what happens to supply?A price increase almost invariably leads to the delivery of more of that good or service, whereas a price decrease typically results in the delivery of less of it.
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(d) Metaverse Bhd's equity has a beta of 1.1. The market's expected return is 13% and Treasury bills currently yield 7%.
The firm also has a semi-annual bond issue outstanding that matures in 20 years and pays a 9% p.a. coupon. The bonds currently sell for RM970.
Assuming the corporate tax rate is 40% and the firm's debt-equity ratio is 0.40 :
(i) What is the company's cost of debt? (2 marks)
(ii) What is the company's cost of equity? (2 marks)
(iii) What is the company's weighted average cost of capital? (3 marks) (Total: 33 marks)
(i)The company's cost of debt is approximately 5.54% , (ii)the company's cost of equity is approximately 13.6% and (iii) the company's weighted average cost of capital is approximately 11.29%.
(i) To calculate the company's cost of debt, we need to consider the yield to maturity (YTM) of the bonds. The yield to maturity represents the annualized rate of return an investor can expect to earn by holding the bond until maturity. In this case, the bonds are selling for RM970, have a face value of RM1,000, and a 9% coupon rate.
Using the formula for yield to maturity, we can calculate the YTM:
YTM = (Coupon Payment + ((Face Value - Bond Price) / Years to Maturity)) / ((Face Value + Bond Price) / 2)
Substituting the given values, we have:
YTM = (0.09 * 1000 + ((1000 - 970) / 20)) / ((1000 + 970) / 2)
YTM = (90 + (30 / 20)) / (1970 / 2)
YTM = (90 + 1.5) / 985
YTM ≈ 0.0924 or 9.24%
Since the YTM represents the pre-tax cost of debt, we need to adjust it for taxes to determine the after-tax cost of debt. Assuming a corporate tax rate of 40%, the after-tax cost of debt is:
Cost of Debt = YTM * (1 - Tax Rate)
Cost of Debt = 0.0924 * (1 - 0.40)
Cost of Debt ≈ 0.0554 or 5.54%
Therefore, the company's cost of debt is approximately 5.54%.
(ii) The company's cost of equity can be estimated using the Capital Asset Pricing Model (CAPM), which considers the risk-free rate, the market risk premium, and the company's beta.
Using the formula for CAPM, we have:
Cost of Equity = Risk-Free Rate + (Beta * Market Risk Premium)
Given that the risk-free rate is 7% and the market risk premium is the difference between the market's expected return (13%) and the risk-free rate, we can calculate the cost of equity:
Market Risk Premium = Market Expected Return - Risk-Free Rate
Market Risk Premium = 0.13 - 0.07 = 0.06 or 6%
Cost of Equity = 0.07 + (1.1 * 0.06)
Cost of Equity = 0.07 + 0.066
Cost of Equity ≈ 0.136 or 13.6%
Therefore, the company's cost of equity is approximately 13.6%.
(iii) The weighted average cost of capital (WACC) is a measure of the average cost of financing a company's operations, taking into account both debt and equity. To calculate the WACC, we need to weigh the cost of debt and the cost of equity based on the company's debt-equity ratio.
Given that the debt-equity ratio is 0.40, we can calculate the weights as follows:
Weight of Debt = Debt / (Debt + Equity) = 0.40 / (0.40 + 1) ≈ 0.2857 or 28.57%
Weight of Equity = Equity / (Debt + Equity) = 1 / (0.40 + 1) ≈ 0.7143 or 71.43%
The WACC is then calculated as the weighted average of the cost of debt and the cost of equity:
WACC = (Weight of Debt * Cost of Debt) + (Weight of Equity * Cost of Equity)
WACC = (0.2857 * 0.0554) + (0.7143 * 0.136)
WACC ≈0.1129 or 11.29%
Therefore, the company's weighted average cost of capital is approximately 11.29%.
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Assignment Problem Question Alvin, the owner of a retro-themed café called Merah Café \& Bar in Southbank, decided to hold a monthly 'Pinball Tournament', in order to attract customers. The first toumament was scheduled to run from the afternoon of Friday 10 May, to the 'Grand Final' on the evening of Sunday 12 May. In April, Alvin contracted with Belle, who runs her own business selling and hiring out vintage pinball machines. Alvin explained to Belle that the pinball machine must be able to withstand 3 days of continuous playing. Belle recommended the 'Supermax' range and, in a reassuring manner, says that "the Supermax is very reliable and robust; and I quarantee that it will satisfy all your tournament requirements". Alvin and Belle agreed that two 'Supermax 1975' pinball machines would be hired for one weekend a month for the next six months, at a total cost of $12,000. To conclude the contract, Belle handed Alvin a written contract of hire. On the front page of the contract document was printed in bold but not in big print, the following words: This contract document is intended to create a legally binding contract; any party contemplating signature is advised to take appropriate independent advice before doing so. The other terms include the following (among others): Clause 4: All terms of the contract are included herein. It is hereby acknowledged that all express or implied term or statements are hereby excluded unless specifically included in this Agreement. Clause 5: Delivery of the machines supplied under this agreement will take place no later than 2pm, Friday 10 May. Clause 6: The Owner (Belle) warrants to the Hirer (Alvin) that the pinball machines supplied under this agreement are in good working order and in a playable condition. This warranty, however, does not guarantee that the pinball machines are faultless or that it will work for the duration of the tournament for which they are used for. In the event that the pinball machines becomes faulty, the Owner's liability is limited to replacing the pinball machines within 2 business days from the time the fault is reported or refund of the hire charges at the Owner's sole option. After briefly looking over the contract terms, Alvin agreed to sign the contract with Belle. Belle, then, stamps the contract with the following: It is hereby acknowledged by the party whose signature appeared below that they have read and understood all the terms of the contract. Belle asked Alvin to sign just below the above statement and he handed Belle an agreed deposit of $1,000. On 10 May, Belle was delayed, because she was busy negotiating a particularly lucrative sale to another client. As a result, she did not deliver the machines to Alvin's café until 7pm. Alvin had carefully scheduled the tournament to begin at 4pm and, as a result, a considerable number of his customers were unable to play as scheduled. To make matters worse, one of the machines developed a fault, which meant that after every three games, it needed to be reset, which took five minutes each time. On Saturday, over the course of the day both machines developed serious faults, which meant that neither machine could be used to play pinball and the tournament had to be cancelled. Alvin is furious that the tournament was a disaster and wishes to recover damages for the problems he experienced. He also no longer trusts Belle and wishes to terminate the contract that he had signed. Advise Alvin as to his legal rights, including whether he may terminate the contract for any breach(es) of clauses 5 and/or 6 .
Based on the given information, Alvin has experienced several problems with the pinball machines hired from Belle for the tournament. Let's analyze Alvin's legal rights and the potential breach(es) of clauses 5 and 6:
Delayed Delivery: Belle failed to deliver the machines by 2pm on Friday 10 May, resulting in a considerable number of customers being unable to play as scheduled. This delay may constitute a breach of clause 5, which specified the delivery time. Alvin may have a claim for damages resulting from this delay.
Faulty Machines: Both machines developed serious faults on Saturday, rendering them unusable for pinball. This could be seen as a breach of clause 6, which warranted that the machines supplied were in good working order and playable condition. Alvin may be entitled to damages for the loss suffered due to the faulty machines.
Regarding termination of the contract, clause 6 limits the owner's liability in the event of machine faults to either replacing the machines within two business days or providing a refund of the hire charges. It does not explicitly provide a right to terminate the contract. However, if Belle fails to fulfill her obligations under the contract, including replacing the faulty machines within the specified time frame, Alvin may argue for a material breach that justifies termination.
To fully assess Alvin's legal rights and options, it is recommended for him to consult with a lawyer who specializes in contract law to analyze the specific terms of the contract, local laws, and applicable case authorities.
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nothing is ________ than a sales presentation which proceeds from the sellers perspective.
People often engages in different tactics so as too make sales. Nothing is worse than a sales presentation which proceeds from the sellers perspective.
There is always the need for assessment as it is very vital. A good assessment gives one the room to channel one's presentation to your audience and make it interesting.
There are three Stages to Sales Process. They are;
QualificationCollaboration NegotiationConclusively, Relationship selling is known as when a sales representative serves as a partner to the buyer.
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Suppose that the equilibrium price of gas is $1.30 a liter, and the equilibrium quantity is 10m. (Do not use graphs)
A. If the government imposes a maximum price of $0.7 per liter, what is the impact of that on the market equilibrium?
B. If the government imposes a maximum price of $1.80 per liter, what is the impact of that on the market equilibrium?
C. If the government imposes a minimum price of $0.90 per liter, what is the impact of that on the market equilibrium?
D. If the government imposes a minimum price of $1.60 per liter, what is the impact of that on the market equilibrium?
A. Imposing a maximum price of $0.7 per liter creates a shortage in the market.
B. Imposing a maximum price of $1.80 per liter may have no immediate impact on the market equilibrium.
C. Imposing a minimum price of $0.90 per liter has no immediate impact on the market equilibrium.
D. Imposing a minimum price of $1.60 per liter creates an excess supply in the market.
A. If the government imposes a maximum price of $0.7 per liter, the impact on the market equilibrium is a shortage of gas, as the maximum price is below the equilibrium price, leading to increased demand and decreased supply.
B. If the government imposes a maximum price of $1.80 per liter, the impact on the market equilibrium depends on the elasticity of supply and demand. If the maximum price is above the equilibrium price, it may have no immediate impact if the equilibrium quantity is already below the quantity demanded at the maximum price.
C. If the government imposes a minimum price of $0.90 per liter, the impact on the market equilibrium is likely no immediate impact, as the minimum price is below the equilibrium price, and the market can continue to operate at the equilibrium price and quantity.
D. If the government imposes a minimum price of $1.60 per liter, the impact on the market equilibrium is likely an excess supply of gas, as the minimum price is above the equilibrium price, leading to decreased demand and increased supply.
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what is a perfect market?
Answer:
A Perfect market is
a market where the sellers of a product or service are free to compete fairly, and sellers and buyers have complete information: The internet has a big part to play in the creation of a perfect market. Compare. imperfect market.
The amount the buyer has left to spend for a period is known as:
a) BOM
b) EOM
c) OTB
d) OO
The amount the buyer has left to spend for a period is known as OTB. OTB stands for Open-To-Buy and is a financial tool used in retail merchandising to manage inventory purchasing. The correct option is c.
It represents the amount of money that a buyer has available for purchasing new inventory after considering the current inventory levels, sales projections, and desired profit margins. OTB is calculated by subtracting the planned sales and current inventory from the planned purchases. This calculation helps buyers to determine how much they can spend on new inventory without exceeding their budget. By keeping track of OTB, buyers can ensure that they have enough inventory to meet customer demand without overstocking, which can lead to increased storage costs and markdowns. In conclusion, OTB is an important financial tool for retail buyers to ensure effective inventory management.
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how can supply and demand for different careers affect job stability
Answer:
As the demand for a certain type of jobs increase, the amount of people who are willing to supply their labor also increased. Job that are the most stable and has high payment are the types of jobs that high in demand but low in supply.Personally, I think you should think about supply and demand when determining your career. But, you shouldn't make it your sole criteria.Salary is important. It's provide safety for you and loved ones to fulfill your basic needs. It also allow you to follow a certain type of lifestyle. But, passion and happiness also extremely important. You need to make sure that the job that you do is not taxing your general well being. You need to find balance between the two.