Decent cultural fit One of the most difficult aspects of the job search process is finding a company with a wonderful culture and team members that make you feel at home. A creative environment,a concentration on career advancement,an established organizational structure that is evident, Employer investment.
How should a competent manager look?In addition to leading teams and fostering their growth, excellent managers are also able to fully control their company's operations and performance. These are the individuals that consistently adapt to novel circumstances, inspire others to realize their greatest potential, and produce their best work.Good managers are independent and don't need much guidance. They must take responsibility for their own errors. Effective managers model constructive accountability in their behavior and leadership. This is crucial because managers must teach employees how to take accountability upon themselves.Decent cultural fit One of the most difficult aspects of the job search process is finding a company with a wonderful culture and team members that make you feel at home. A creative environment,a concentration on career advancement,an established organizational structure that is evident, Employer investment.To learn more about Good managers refer to:
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general motors did research on what became the minivan-a small van suitable for families. the research did not convince them to produce it. later, chrysler introduced the dodge caravan and plymouth voyager minivans, which turned out to be among the most successful models in automotive history. this example most closely demonstrates that: marketing research is not as reliable as management's intuition. management should question the methods used to conduct product market research. marketing research does not always provide management with the right answer. marketing research does not provide correct answers most of the time.
Above example most closely demonstrates that Marketing research does not always provide management with the right answer.
Which definition of marketing research is more accurate?
Market research, often known as marketing research, refers to a variety of strategies used to gather data and comprehend a company's target market. Businesses utilize this data to create better products, enhance the user experience, and create marketing plans that generate high-quality leads and increase conversion rates.
Designing, acquiring, evaluating, and reporting information that could be utilized to address a particular marketing issue is the process of conducting marketing research.
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from a financial reporting perspective, property, plant, and equipment and intangible assets exhibit the following characteristics (select all that apply.) multiple select question. short-lived valued at fair value long-lived revenue-producing
From a financial reporting perspective, property, plant, and equipment and intangible assets exhibit the following characteristics: 1. Long lived 2. revenue producing.
Assets with a long lifespan, also known as non-current or long-term assets, are those that are anticipated to generate income over the long term—generally more than a year. Long-lasting assets might be material, immaterial, or financial in nature. Identifying the cost of an asset at acquisition is the first challenge in accounting for long-lived assets.
Most long-lived assets have their costs capitalized and subsequently allocated as expenditures in the profit or loss statement over the time that they are anticipated to generate revenue.
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roenfeld corp believes the following probability distribution exists for its stock. what is the coefficient of variation on the company's stock? state of the economy probability of state occurring stock's expected return boom 0.45 25% normal 0.50 15% recession 0.05 5%
The overall return that investors expect on their investment is represented by the expected return on common stock. The intrinsic value of common stock is established using the expected rate of return.
How do you calculate the standard deviation and variance coefficient?
The coefficient of variation is calculated as follows: (Standard Deviation / Mean) * 100 is the formula for the coefficient of variation. CV is expressed as (SD/x) * 100. To convert the coefficient to a percentage rather than a decimal, multiplying it by 100 is an optional step.
What are coefficient of variation and standard deviation?
In statistics, the two most crucial metrics are variance and standard deviation. Standard deviation is a measure of the distribution of statistical data, whereas variance is a measure of how data points differ from the mean.
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an investor is considering purchasing a five-year corporate bond. the yield on the bond is 6.25%, the rate of inflation is 3%, the yield on the on-the-run treasury is 4.80%, and the price of the bond is par (or $100.00). the absolute yield spread, relative yield spread, and yield ratio, respectively, are:
The absolute yield spread, relative yield spread, and yield ratio, of the five-year corporate bond respectively, are: 1.45%, 30.21%, 1.30.
What is corporate bond?A firm can raise funds by issuing debt in the form of corporate bonds.Corporate bonds can be actively traded on the secondary market, but when an investor purchases one, they are actually making a loan to the company in exchange for a number of interest payments.Corporate bonds normally have higher interest rates than U.S. government bonds because they are thought to be slightly riskier in general.The term "Triple-A" bonds is used to describe the highest quality (and safest, lower yielding) bonds, whereas the term "junk" is used to describe the least creditworthy bonds.To learn more about corporate bond visit:
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what is proof-of-stake? multiple choice a requirement to define an expensive computer calculation, also called mining, that needs to be performed in order to create a new group of trustless transactions (blocks) on the distributed ledger or blockchain a way to validate transactions and achieve a distributed consensus a type of digital currency in which a record of transactions is maintained and new units of currency are generated by the computational solution of mathematical problems; it which operates independently of a central bank all of the answer choices are correct.
The proof of stake (PoS) mechanism pays those that verify transactions in diverse ways and upholds the integrity of a blockchain.
Describe proof-of-stake?A consensus mechanism for processing transactions and adding new blocks to a blockchain in cryptocurrencies is called proof-of-stake. A consensus mechanism is a technique for ensuring the security of a distributed database and validating entries.The proof of stake (PoS) mechanism pays those that verify transactions in diverse ways and upholds the integrity of a blockchain.A consensus process called proof of stake is used to validate fresh cryptocurrency transactions. Since blockchains are decentralized, no single entity has any control over them. With proof of stake, a validator is selected at random in part depending on how many coins they have locked up in the blockchain network.Certain consensus procedures employed by blockchains to reach distributed consensus are based on proof-of-stake.To learn more about proof-of-stake refer to:
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which of the following is true of a robust process? multiple choice question. variation in input variables leads to a large number of defects. variation in environmental variables leads to a large number of defects. variation in input variables does not lead to large amount of variation in outcome variables. variation in input variables causes large amount of variation in outcome variables
A graph used to examine how a process evolves over time is the control chart. Data are plotted according to time. variation in environmental variables leads to a large number of defects.
An average line in the middle, an upper line for the upper control limit, and a lower line for the lower control limit are always present on a control chart. These curves were created using historical data.
Give the process to the operators to manage. environmental variables Enhance process control to reduce output fluctuation, reduce unit costs, and boost processing capacity. Establish a single language so that all employees can talk about and improve procedures. Control charts cannot take the place of action.
If a process can withstand changes in input and ambient factors without developing a flaw, it is robust. The term "systematic variation" in research and experimental contexts typically refers to an anomaly or error in observations that is caused by variables not under statistical control environmental variables.
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variation in input variables does not lead to large amount of variation in outcome variables
robust process means there's not much variation or at least not enough to affect the process
What has prevented you from saving money in the past? based on what you’ve learned, what can you do to change this?.
Whether or not you pick to pay off the very best interest-fee money owed first or pay down the smallest balances first, it is essential that you decide to pay it all off.
The faster you unfastened yourself of debt, the more money you'll lose to meet your financial savings desires.
Every other impediment to saving money can be a lack of economic literacy. It's imperative to enhance your economic knowledge due to the fact that frequently parking all your cash in a financial savings account will now not be enough.
Reasons why you ought to save money
monetary independence.dwelling debt-loose.unforeseen fees.buying a home.shopping for a car or different big-price ticket purchases.medical emergencies.making plans for your retirement.constructing a college fund for your children.Learn more about interest here: https://brainly.com/question/24924853
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troy is interested in buying a particular stock whose current dividend per share is $1.10. troy estimates that the current dividend per share will increase at a rate of 3.25% per year forever. if troy's estimates are correct, what is the best estimate of the stock price per share if the required rate of return is 13.00%.
The best estimate of the stock price per share would be 9.03 Per Share.
What is share?
A share is a unit used in mutual funds, limited partnerships, and real estate investment trusts in the financial markets. The term "share capital" describes all of an organization's shares. A shareholder (or stockholder) of a corporation is someone who owns shares in that company. A share represents the ownership connection between the firm and the shareholder and is an immovable unit of capital. A share's face value, which may not correspond to the market value of those shares, is its denominated value. The entire face value of issued shares is a company's capital. A dividend is the revenue derived from the holding of shares. Equity shares, preference shares, deferred shares, access to wealth, bonus shares, right shares, and shares under employee stock option plans are only a few of the several forms of shares.
Stock Price =D1/(ke-g)
D1 =1.10*(1+3.25%)
ke =13.00%
g =3.25%
Stock Price =(1.10*(1+3.25%))/(13.00%-3.25%) = 9.03 Per Share.
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a firm has a general-purpose machine, which has a book value of $300,000 and is worth $500,000 in the market. if the tax rate is 21 percent, what is t
The opportunity cost is $458,000.
Write a note on opportunity cost.The opportunity cost is a concept used in microeconomic theory to describe the value or benefit lost by choosing one activity over another.. Simply put, it indicates that by choosing one course of action (such making an investment), you are forgoing the chance to choose an other course of action. The best activity is the one that, after deducting opportunity costs, has the highest return when compared to all other activities.
Taxable capital gain = Market value - Book value
Taxable capital gain = 500,000 - 300, 000 = 200, 000
The taxable capital gain is $200,000.
Next, we compute the opportunity cost.
Opportunity cost = Market value - Taxable capital gain x Tax rate
Opportunity cost = 500, 000 - 200, 000 × 0.21
Opportunity cost = 500, 000 - 42, 000
= 458, 000
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The complete question is given below :
A firm has a general-purpose machine, which has a book value of $300,000 and is worth $500,000 in the market. If the tax rate is 21 percent, what is the opportunity cost of using the machine in a project?
all of the following are characteristics of an organic organizational structure except: group of answer choices specialized tasks flexible; few rules participatory decision making wide span of control two-way communication
An organic organization is relatively easy to adapt to changes in its environment. It has a low level of complexity, centralization, and formalization.
What are the characteristics of an organic structure?An organic organization is relatively easy to adapt to changes in its environment. It has a low level of complexity, centralization, and formalization. A mechanistic organization, on the other hand, is characterized by high complexity, high centralization, and high formalization.The level of specialization is neither high nor low.A flexible workplace with a horizontal mode of communication is referred to as an organic organizational structure. Horizontal or flat communication methods imply that employees share their responsibilities in groups and teams and interact with different departments, managers, and colleagues to successfully complete work.To learn more about : organic organizational
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which of the following appraisal approaches would be most appropriate for a public school? select one: a. market data. b. cost. c. capitalization. d. gross rent multiplier.
The correct answer is Option B.
The cost approach is most commonly used in public buildings like schools and churches.
What is appraisal approach?The cost, market comparison, and income approaches are the three different approaches or methods for conducting an appraisal. These approaches are economic models that represent various methods of estimating property value.All types of improved property can be appraised using the cost approach. It is the most dependable method for valuing one-of-a-kind properties. The cost approach provides a value insight that is the sum of the estimated land value plus the dropped in value cost of the building and other developments.When determining the Market Value of a property, appraisers use three approaches to value in Appraisal Practice: The Sales Comparison Method. The Cost Method. The Income Strategy.To learn more about appraisal approach refer to :
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bill buyer and sam seller have entered into a contract. bill has inserted a provision that the contract is contingent upon his selling his home for an acceptable price. what is the status of the contract?
Bill buyer and sam seller have entered into a contract. bill has inserted a provision that the contract is contingent upon his selling his home for an acceptable price, the status of the contract ---The contract may be void because the contingency is too vague.
What are the rules of contingent contracts?A contingent contract might be grounded on the non-happening of an uncertain future event. In similar cases, the pledge is liable to do or not do commodity if the event doesn't be. still, the contract can not be executed by law unless passing of the event becomes insolvable.
What's contingent contract illustration?Contingent Contracts in simple words means these are those contracts where a pledge is tentative and grounded on some passing and non-happening of some uncertain future event, the contract shall perform. The contracts of insurance, guarantee, and insurance are some exemplifications of contingent contracts.
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which of the following items are netted against sales revenue to arrive at net sales (sales revenue to net sales)? (select all that apply.) multiple select question. cost of goods sold sales returns gross profit sales allowances deferred revenue sales discounts
Sales discounts, sales returns, sales discounts
These 3 are subtracted from sales revenue, then cost of goods sold is subtracted from sales revenue to get gross profit
Revenue is the money a business earns by selling products or offering services. Sales and revenue can and often are used interchangeably to refer to the same thing in accounting. It is important to remember that income does not always equal money received. One portion of the sales proceeds may be paid in cash and the other portion may be paid on credit using methods such as accounts receivable.
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26. on december 31, 2018, blais industries had long-term debt totaling $120,000 on their balance sheet. during 2019, they paid $10,000 in interest on that debt and $50,000 in principal. during the year they also issued new long-term debt totaling $20,000. what is the balance in their long-term debt account at the end of 2019? $80,000 $90,000 $100,000 $140,000
The total debt at the end of 2019 is $90000
Long-term debt as on 31st December 2018 = $120000
Interest paid in 2019 = $10000
Principal paid in 2019 = $50000
Debt with a longer maturity period is referred to as long-term debt. The issuer's financial statement reporting and financial investing are two ways to look at long-term debt. Companies are required to show long-term debt issuance and all related payment commitments in their financial statements.
Since the interest amount does not reduce the principal amount, we will subtract only the principal paid to arrive at the debt remaining:
Remainig debt = 1200000-50000 = $70000
Additional debt issued = $20000
Total debt at the end of the year = $70000+$20000 = $90000
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an engineer receives an invitation to participate in an industry-wide study on major trends affecting his industry in the next three years. the invitation indicates he was chosen due to the number of his published papers in industry journals. his participation is most likely influenced by
The participation of the engineer is most likely influenced by his self-perception.
What is an invitation?An invitation is described as a request to any individual in verbal or in written form to do any activity or a request to visit a place.
The engineer, if participates in the study, then he will highlight his self-perception and how he thinks about himself. The engineer can think that he has already published a paper in the industry journals and hence he has the expertise and knowledge of the field. Thus, his participation in the study will be a clear indication of his self-perception of his expertise.
It can be concluded that the participation of the engineer is most likely influenced by his self-perception.
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The process through which the union and management negotiate pay, benefits and other work terms is _____.
The process through which the union and management negotiate pay, benefits and other work terms is Collective bargaining.
What is Collective bargaining?Collective bargaining refers to a method of negotiating where the entire number of employees or at the very least, a significant number, are negotiated for by a single body such as a Trade or Labor Union. It is called collective bargaining because the employees are collectively negotiated for by one body.
The main benefit of Collective bargaining is that the Unions are able to negotiate from a stronger position with management. This is because if they told their clients (employees) to stop working, it could severely affect operations. As a result, the unions are able to use Collective bargaining to negotiate higher pay, benefits, and any other work terms needed.
In conclusion, the negotiation by Unions and management is known as collective bargaining.
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a vendor sells hotdogs at $13.00 /piece. for every hot dog he spends $12.10 in the raw material. additionally he spends $1.13 for packing each hotdog and monthly $46.00, $23.00, $13.00 as food truck rent, electricity and other expenses respectively. how much is the vendor contributing to covering his fixed costs or generating profits?
A vendor sells hotdogs at $13.00 /piece. for every hot dog he spends $12.10 in the raw material. additionally he spends $1.13 for packing each hotdog is 0.64.
In the initial stages of producing or manufacturing items, raw materials are materials or substances used. On commodity exchanges around the world, raw materials are traded as commodities. Due to the fact that raw materials are production factors, businesses trade in and out of the factor market. Raw materials are the stock or input goods that a business needs to make its goods.
Direct raw materials are those that are used directly in the manufacturing process, such as wood for a chair. Direct raw materials are utilized extensively throughout the production process but do not end up in the finished product. On the balance sheet, the value of the inventory of direct raw materials is shown as a current asset.
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beginning inventory at retail (base year)$ 120,000 ending inventory at retail$ 168,000 beginning cost-to-retail percentage40% current-year cost-to-retail percentage45% retail price index for the year1.12 what is the estimate of ending inventory using the dollar-value lifo retail method?
The estimated ending inventory is $63120
Beginning inventory at base year retail:
= Beginning inventory ÷ Year end cost index
= $ 120,000 ÷ 1.00
= 120,000
Current inventory at base year retail:
= Ending inventory ÷ Year-end cost index
= $ 168,000 ÷ 1.12
= 150,000
Estimate of ending inventory:
= Base inventory + Current inventory
= (inventory at base year × Cost percentage × Year end cost index) + (inventory at base year retail × Cost percentage × Year end cost index)
= ( 120,000 × 40% × 1.00) + (30,000 × 45% × 1.12)
= $48,000 + $15,120
= $63,120
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the preferred stock is cumulative and nonparticipating. no dividends were paid in year 1 or year 2. in year 3, linx declared a dividend of $90,000. the common stockholders will receive a dividend of
Dividends Payable—Preferred 15,000. Dividends Payable—Common 75,000. Dividends declared payable to shareholders by a company's board of directors are known as dividends payable.
What dividends payable ?Dividends declared payable to shareholders by a company's board of directors are known as dividends payable. The cash amount of the dividend is recorded as a current liability in a dividends payable account until the corporation actually pays the shareholders.
Dividends payable is an unusual kind of responsibility because it involves the company's commitment to pay its own shareholders, whereas other sorts of liabilities typically involve obligations to totally different third parties, such suppliers or lenders.
Dividends payable, however, should be regarded as a legitimate debt because they result in the departure of funds from the corporation and a legal responsibility to pay.
Since it suggests that the business has had such a successful year that it can afford to pay a sizable distribution to its shareholders, a substantial dividend liabilities can be interpreted as an indicator of firm profitability.
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a treasury bond with a 10 1/4% coupon due on july 1, has interest payment dates of jan. 1 and july 1. it is traded for settlement on feb. 24. what is the number of days of accrued interest?
The number of days of accrued interest is 54 days.
This is because accrued interest on government bonds is computed actual days, actual year, 31 days for January plus 23 days for February.
What is accrued interest ?
Accrued interest is the amount of interest that has been owed on a loan or other financial obligation as of a given date but has not yet been paid. For the lender or the borrower, accumulated interest may take the form of accrued interest revenue or accrued interest expense.
The primary formula for calculating the interest accrued in a given period is: IA= T x P x R
where, IA = accrued interest, T = fraction of the year, P = principal, and
R= the annualized interest rate.
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because an agent is using stationery with the logo of an insurance company, applicants for insurance assume that the agent is authorized to transact on behalf of that insurer. what type of agent authority does this describe?
The correct answer is option D.Apparent
The required details about agent is mentioned in below paragraph.
A person who has been given the legal authority to act on behalf of another person or entity is referred to in the legal community as an agent. In negotiations and other interactions with third parties, an agent may be hired to represent a client. Decision-making power may be delegated to the agent. The two most prevalent forms of agents are stockbrokers and attorneys, who are both employed by investors to make investment decisions on their behalf. Attorneys represent their clients in transactions. In these situations, the person the agent is representing is referred to as the principal.
In the world of finance, it alludes to a fiduciary relationship in which an agent has the power to carry out transactions on behalf of and in the best interests of the client.
(COMPLETE QUESTION)
Because an agent is using stationery with the logo of an insurance company, applicants for insurance assume that the agents is authorized to transact on behalf of that insurer. What type of agent authority does this describe? A. Express B. Implied C. Assumed D. Apparent
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which two groups would issue eurobonds? multiple select question. sovereign governments small domestic corporations private banks multinational corporations
The sovereign governments and multinational corporations issue eurobonds. Hence the correct responses to the question is options (a) and (d).
What is a Eurobond?A financial instrument known as a "Eurobond" is one that is issued on a market or in a nation where the native currency is not used. By the currency they are denominated in, such as eurodollar or euroyen bonds, eurobonds are widely categorized. Eurobonds are frequently referred to as foreign bonds because they are issued in a different currency. Eurobonds are significant because they enable businesses to raise cash while providing the option to issue them in different currencies.
Eurobonds are typically issued on behalf of the borrower by a global syndicate of financial institutions, one of which may underwrite the bond and therefore guarantee the sale of the entire issuance.
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monopolists are criticized because they are inefficient. what is meant by this statement? group of answer choices monopolists don't innovate enough to control pollution. monopolists could use their resources better elsewhere. monopolists produce a large quantity of waste. monopolists charge too high a price. monopolists usually don't produce at the minimum of the atc.
Most people criticize monopolies because they charge too high a price, but what economists object to is that monopolies do not supply enough output to be allocatively efficient. To understand why a monopoly is inefficient, it is helpful to compare it with the benchmark model of perfect competition.
What are monopolies?
When there is just one seller in the market, it is called a monopoly. The monopoly case is typically viewed as the complete antithesis of perfect competition in economic research. The industrial demand curve, which slopes downward, is, by definition, the demand curve that the monopolist faces.
A monopoly is when one business and its product control a whole sector, there is little to no competition, and customers are forced to buy the particular products or service from the one business.
Examples of natural monopolies include corporations that provide utilities such as electricity and natural gas. They are monopolies because it is expensive to enter the market and because newcomers are unable to offer the same services in numbers and at costs similar to the dominant enterprise.
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if you are holding two identical bonds, except that one matures in 10 years and the other matures in 5 years, which bond's price will be more sensitive to interest rate risk?
The 10 year bond will be more sensitive to interest rate risk. The amount of interest due each period expressed as a percentage of the amount lent, deposited, or borrowed is known as an interest rate.
What is Interest rate?The amount of interest due each period expressed as a percentage of the amount lent, deposited, or borrowed is known as an interest rate. The total interest on a loaned or borrowed sum is determined by the principal amount, the interest rate, the frequency of compounding, and the period of time the loan, deposit, or borrowing was made.
An interest rate indicates how expensive borrowing is or how lucrative saving is. Therefore, if you are a borrower, the interest rate is the sum you pay for borrowing money and is expressed as a percentage of the overall loan amount.
With the help of the interest rate formula, we can calculate the interest rate, which is the percentage of the principle sum that the lender or bank would charge the borrower in exchange for using its assets or money for a given period of time. Interest Rate = (Simple Interest 100)/(Principal Time) is the formula for calculating interest rates.
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assuming the pure expectations theory is correct, an upward-sloping yield curve implies multiple choice interest rates are expected to increase in the future. longer-term bonds are riskier than short-term bonds. interest rates are expected to decline in the future.
Assuming the pure expectations theory is correct, an upward-sloping yield curve implies interest rates are expected to increase in the future. An interest rate is the sum of the periodic interest payments.
Using the current long-term interest rates as a starting point, the hypothesis of wishes attempts to predict what the short-term interest rate will be in the future. According to the theory, a speculator today would earn the same amount of income by investing in two consecutive one-year bond speculations as opposed to one 2-year bond. Additionally known as the "theory of unequal expectations," the hypothesis.
According to the expectancies principle, the long-term interest rates are rising to the average of the short-term rates projected to prevail. According to the expectation theory, certain yield curves with an upward sloping cause an increase in short-term levels, and vice versa. Due to lower short-term rates than long-term rates, the yield graph is tilted upward-sloping.
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maxine had a $54.00 balance in her checking account when a check for $67.00 was cashed. she was charged an overdraft fee. the next day her paycheck, for $312.61, was direct deposited. determine the overdraft fee if maxine's available balance is now $269.61. (4 points) $35.00 $30.00 $20.00 $25.00
The overdraft fee is calculated to be $30.00 if Maxine's available balance is now $269.61.
As she had a balance of $54 in her account and a check of $67 was cashed we can calculate the amount that will be deducted from her next deposit as;
$67 - $54 = $13
In addition to these $13, an overdraft fee will also be deducted.
As she deposited $312.61 the next day and the available balance now is $269.61, an algebraic expression can be written as;
312.61 - 13 - x = 269.61
Here x represents the overdraft fee
312.61 - 13 = 269.61 + x
269.61 + x = 299.61
x = 299.61 - 269.61
x = $30
Therefore, the overdraft fee is calculated to be $30.
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Answer: $30.00
Explanation: I just did the test
quaker state incorporated offers a new employee two options. first, the employee can receive a one-time signing bonus at the date of employment. second, the employee can take $8,000 at the date of employment plus $20,000 at the end of each of his first three years of service. assuming the employee's time value of money is 10% annually, what single payment in the first option would be equal to the total of the payments in the second option?
The single payment that must be equal to payment in second option that include a lump sum payment and annuity is $26,498.
Amount received at the date of employment = $8,000
Annuity amount (a) = $20,000
time (n) = 3 years
Rate of interest (i) = 10%
Present value of annuity = a*1-{1/(1+r) ^n}/1
= 20,000 *1- {1/ (1+0.10) ^3}/0.10
Present value of annuity = $18,498
Total amount to be received = $8,000+$18,498 = $26,498
An annuity is a contract that you have with an insurance carrier that calls for regular payments to be made by the insurer to you, either today or in the future. Either a fixed payment or a series of installments are required to obtain an annuity. In a similar vein, you may get your payout in an one-time lump sum or over the course from several payments.
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classical economists assumed that wage rates, prices, and interest rates are flexible and will adjust quickly. consider an extreme case: suppose classical economists believed that wage rates, prices, and interest rates would adjust instantaneously. what would the classical aggregate supply (as ) curve look like? explain your answer.
Traditional economists believed that interest rates, wages, and prices were all variable and adapted to shifts in supply and demand.
What is economists?
A specialist in economics examines the connection between a society's resources and its output or production. Economists research a variety of social systems, including local communities, entire countries, as well as the global economy. A wide range of policies, such as interest rates, tax codes, employment programmes, international trade agreements, as well as corporate strategies, are shaped in part by the expert judgement and research findings of economists. Anyone interested in a career in economics has a good chance of working for the government. Approximately 36% of all economists, according the Bureau of Labor Statistics, are employed by either federal or state organisations. Additionally, economists work as professors, for businesses, or in think tanks.
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you manage a popular malt shop and lately revenues have been disappointing. your friend suggests that raising soda prices will increase revenues, but your waitress suggests that decreasing soda prices will increase revenues. you aren't sure who is right, but you do know that:
When a price is inelastic, it responds to changes in demand less quickly than the price does in turn manage.
This suggests that, in relation to the question at hand, the bouncer believes that there is an inelastic demand for the beverages and that a price rise will result in little to no change in that demand, allowing the bar to boost its profit from the sale of drinks manage.
While elastic demand, on the other hand, denotes a degree of responsiveness that is greater than proportionate to a change in price. The bartender believes that the demand for beverages is elastic and that even a small change in their pricing will result in a significant increase in sales.
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uniquely, a successful lotion manufacturer, sells luxury lotions exclusively for women under the brands uniquely lavish, uniquely luxurious, and uniquely glorious. it has now added uniquely dignified to target a specialized segment of urban men who are particular about their grooming practices. the introduction of uniquely dignified represents multiple choice mass marketing. niche marketing. behavioral targeting. differentiated targeting. undifferentiated targeting.
The introduction of uniquely dignified represents niche marketing.
Niche marketing is defined as directing all marketing efforts to a specific segment of the population. It is critical to understand that the term "niche" does not exist, but is created through smart marketing techniques and identifying what the customer wants.
Niche marketing is a marketing strategy used to target a distinct market segment. A niche market is frequently created by identifying what a customer wants, which can be done if the company knows what the customer needs and then tries to deliver a better solution to a problem that other firms have not presented. A niche market is not a small market; rather, it consists of a specific target audience with a specialized offering.
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