If a company using competitive pricing sets its prices higher than its competitors, it should offer extra Blank Space __________.
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Answer:
It should offer extra Features
Related Questions
true or false: when obtaining an understanding of the control environment, it is important that auditors focus on the substance of controls, rather than their form
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It is specifically expected of auditors to comprehend controls that deal with "significant" risks.
Risks of material misstatement that, in the auditor's professional judgment, necessitate special audit consideration are identified and evaluated for these.
Because management controls may be established appropriate policies and procedures but not acted upon, the auditor should focus on the substance of management policies, procedures, and related actions controls rather than their form.
While getting a comprehension of controls pertinent to the review the examiner is expected to?The auditor should follow procedures to acquire sufficient knowledge about the design of the relevant controls pertaining to each of the five internal control components and determine whether they have been put into operation in order to gain an understanding of controls that are relevant to audit planning.
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financial accounting provides the primary source of information for . question 42 options: decision making in the finishing department improving customer service planning next year's operating budget preparing the income statement for shareholders
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Financial accounting provides the primary source of information for preparing the income statement for shareholders.
Financial accounting is crucial for the preparation of financial statements including the income statement, balance sheet, and cash flow statement since it maintains systematic records of financial activities. These financial accounts are also utilized by managers to create budgets and make crucial financial choices.
The area of accounting known as financial accounting is focused on compiling, analyzing, and reporting financial transactions pertaining to businesses.
This entails the creation of publicly accessible financial statements. Examples of those who are interested in getting such information for decision-making include shareholders, suppliers, banks, workers, government agencies, business owners, and other stakeholders. Accounting rules from both domestic and foreign jurisdictions control financial accounting.
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the gap inc. has standardized marketing in terms of product items, price, style, and size for global markets, however, they change their standardized marketing in japanese market in term of .
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The Gap inc. has standardized marketing in terms of product items, price, style, and size for global markets, which is clearly successful. An example of sizing is this.
What does formalized global marketing mean?Global marketing standardization focuses on creating a standardized plan of action across the board for selling your brand or product in colorful countries. The ultimate thing is to achieve thickness and produce a global appeal to a brand and its standardized products.
Why do companies use standardized marketing?By laying out a unified standardized marketing frame that's effective across different time zones, a company can save time and plutocrat in its marketing sweats, since individual marketing strategies in each country or region are gratuitous.
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The Gap Inc. has indeed implemented standardized marketing strategies in terms of product items, price, style, and size to cater to the needs and preferences of global markets. However, the company has modified its standardized marketing approach in the Japanese market to align with the unique cultural and social norms of the country. This includes factors such as language, design, and product offerings that are specific to the Japanese market. By customizing their marketing strategies in Japan, The Gap Inc. can effectively reach and connect with local customers, ensuring that their brand message resonates with the target audience.
Hi! I'd be happy to help you with your question. The Gap Inc. has implemented standardized marketing in terms of product items, price, style, and size for global markets. However, they adapt their standardized marketing in the Japanese market in terms of local preferences, fashion trends, and sizing to better cater to the unique needs and tastes of Japanese consumers. This ensures that they can successfully appeal to customers in that specific market while maintaining their global brand identity.
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employee motivation tends to increase when people are assigned to jobs for which they are qualified, and they receive coaching to improve their self-confidence. both of these practices improve employee motivation by:
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A used PPE asset can typically be exchanged for a new one and is called trade-in. The trade-in allowance is the amount for which the buyer and seller have agreed to trade something in. The difference is paid by the buyer once this sum is deducted from the cost of the new asset.
Define trade in allowance.The value given to a used car that a dealer accepts in trade from a customer in order to lower the leasing cost of another car is known as a trade-in allowance. The criteria for a trade-in allowance on a lease are the same as the criteria for a purchase of a car. The circumstance of a trade-in allowance occurs when a business disposes of old assets by exchanging them for new assets and receives an allowance.
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features are a competitive tool for differentiating a company's product from competitors' products. which question are companies least likely to ask in a survey of buyers regarding product features?
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Product - How much would (a certain new feature) be worth to you
What is product?
A product is anything that is offered to a market in order to satiate a customer's need or desire. In marketing, a product is an item, system, or service that is made available for consumer use in response to consumer demand. Products are frequently referred to as merchandise in the retail sector, and they are purchased as raw materials in the manufacturing sector before being sold as finished goods. A type of product that is also considered is a service. The most common types of commodities are raw materials like metals and agricultural goods, but they can also include anything that is widely available on the open market. In project management, products are the formally defined project deliverables that comprise or assist in achieving the project's goals.
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Complete Question
Features are a competitive tool for differentiating a company's product from competitors' products. Which question are companies LEAST likely to ask in a survey of buyers regarding product features?
A) Which features could we add to improve the product?
B) Which specific features of the product do you like most?
C) How much would (a certain new feature) be worth to you?
D) Which features of the product do you like the least?
E) How do you like the product?
suppose the bank of tazi loaned the banks of tazi $10 million. suppose also that both the reserve requirement and the percentage of deposits held as excess reserves stay the same. by how much would the money supply change?
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Money supply is changed by 250 million tazi. The total amount of money cash, coins, and balances in bank accounts in circulation is known as the money supply.
The money supply is typically understood as a collection of secure assets that individuals, businesses, and governments can use to make payments or hold as short-term investments.
We first determine the credit multiplier before computing the change in the money supply.
Credit multiplier is determined as follows:
Reserve ratio multiplied by one
This additional 10 million will be lent out and the overall change in the money supply will be when the Bank of Tazi lends 10 million to a bank but their reserve requirements remain the same.
10,000,000 Multiplier
As an illustration, if the reserve ratio was 4%, 1/0.04 multiplied by 25
The overall change in the money supply follows
would be 250,000,000 x 10*25.
= 250 million
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ansas enterprises purchased equipment for $77,000 on january 1, 2024. the equipment is expected to have a five-year service life, with a residual value of $8,250 at the end of five years. using the double-declining balance method, depreciation expense for 2025 would be:
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Depreciation expense for 2025 would be =$27,160.
Depreciation rate = 2 / 5 =0.40.
$77,000 × 0.40 = $30,800 depreciation in the first year.
($77,000 − 29,400) × 0.40 = $19,040 depreciation in the second year.
Book value = $77,000 − $30,800 − $19,040 = $27,160.
Depreciation is an accounting approach that spreads out the cost of an asset over its beneficial existence. Depreciation price is the cost of an asset that has been depreciated for a unmarried period, and indicates how tons of the asset's fee has been used up in that year.
Depreciation fee is that part of a hard and fast asset that has been considered fed on inside the cutting-edge period. This amount is then charged to fee. The rationale of this rate is to regularly reduce the wearing amount of constant belongings as their cost is consumed through the years.
Depreciation fee is stated on the profits declaration as some other regular commercial enterprise price. 3 If the asset is used for manufacturing, the rate is listed within the working prices area of the earnings statement. This quantity displays a portion of the acquisition fee of the asset for production functions.
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A large retailer obtains merchandise under the credit terms of 1/10, net 40, but routinely takes 50 days to pay its bills. (Because the retailer is an important customer, suppliers allow the firm to stretch its credit terms.) What is the retailer's effective cost of trade credit? Assume a 365-day year. Do not round intermediate calculations. Round your answer to two decimal places.
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If a large retailer obtains merchandise under the credit terms of 1/10, net 40, but routinely takes 50 days to pay its bills. The retailer's effective cost of trade credit assuming a 365-day year is 9.60%.
Effective Cost of Trade CreditUsing this formula
Effective Cost of Trade Credit = {1+(D/100-D)}^ (365 / Days after Discount Period) -1
Let plug in the formula
Effective Cost of Trade Credit = [1 + ( 0.01 /0.99 ) ] ^[ 365 / (50−10)]−1
Effective Cost of Trade Credit = [1 + ( 0.01 /0.99 ) ] ^[ 365 / (40)]−1
Effective Cost of Trade Credit =1.096046171−1
Effective Cost of Trade Credit = 096046171 × 100
Effective Cost of Trade Credit = 9.60%
Therefore the 9.60% is the effective Cost of Trade Credit.
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a sheep farm produces $30 worth of wool. a suit manufacturer produces $60 worth of suits. a retail outlet sells a suit to a customer for $180. the change in gdp would be
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How many job openings are projected for Community Health Workers across the
United States between 2019-2029?
64,900
7,600
362,600
2,109
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which type of network would be most appropriate for a business that comprised three employees and a manager located in the same office space, whose primary need is to share documents?
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A Peer-to-peer type of network would be most appropriate for a business that comprised three employees and a manager located in the same office space, whose primary need is to share documents.
In the field of computers and technology, a peer-to-peer network can be described as a kind of network made among two or more computers by which they can share files and use hardware devices without having to use a separate server.
A business that has three employees that need to use the same files and documents should use a peer-to-peer network as it is the most reliable one to share files and use the same hardware.
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of the three parties to a trust deed in california, which one is the beneficiary? group of answer choices lender borrower trustee none of the answers are correct
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Of the three parties to a trust deed in California, the beneficiary would have to be the lender.
What is a trust deed?This is the term that is used to refer to the deed of trust. That is this is a document that is used to refer to what is used in the real estate business. It is what is made use of as an agreement that would have to be between the person that is the lender and the person that is the borrower. It has to do with a property that is to be held in trust.
The trust deed is done so as to be able to transfer the rights to a property to a party that can be regarded as the third party.
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The cash flow associated with buying and selling inventory is not affected by the inventory cost flow method. This statement is?.
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The statement is true, It is independent of when payments are identified
What is cost flow method?There are several methods for accounting for cost flow. LIFO (last in, first out), FIFO (first in, first out), specific identification, and weighted-average cost are examples. For example, the prices of raw materials may fluctuate over time, with some being more expensive than others. The term cost flow assumptions refers to the process of removing costs from a company's inventory and reporting them as cost of goods sold. Cost flow assumptions in the United States include FIFO, LIFO, and average. (There is no need to make an assumption if specific identification is used.) A perpetual inventory system balance is compared to an actual physical count using the basic cost flow model.
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a taxpayer who decides not to pay a tax deficiency, must litigate in which court? a.u.s. tax court b.u.s. district court c.appropriate u.s. circuit court of appeals d.u.s. court of federal claims
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Option (a) is the best choice. A taxpayer who chooses to dispute a tax debt must do so in U.S. tax court.
What is the Tax Court's function?One of the places where taxpayers can file a lawsuit to challenge IRS decisions is the Tax Court, and it's the only one where they can do so without paying any of the disputed taxes in advance. 19 members selected by the president make up the Tax Court.
The jurisdiction of the US Tax Court is what?As an independent judicial body for taxpayers contesting specific IRS determinations, Congress established the Tax Court. The Tax Court's jurisdiction is its right to decide certain cases. In general, a taxpayer can appeal certain IRS decisions by submitting a petition to the Tax Court.
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student athletes argue that they have the right to form labor unions because they are treated like employees. which of the following, if true, would most likely strengthen this argument? a. student athletes enjoy decision-making powers in team selection processes. b. student athletes do not receive compensation for costs associated with health benefits and utility expenses. c. student athletes work over 40 hours a week in many cases and can be fired for poor performance. d. student athletes represent only one university team until they graduate.
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The statement that would most likely strengthen the above argument is
c. student athletes work over 40 hours a week in many cases and can be fired for poor performance.
Labor unions are normally formed by the employees of an organization. Many student-athletes are not allowed to form labor unions because they are not considered employees by certain organizations.
However, such student athletes that work for the same duration like normal employees around 40 hours have can ask for the formation of a labor union.
Also, the organization has the right to fire student athletes for poor performance just as they do for normal employees. As the student athletes are being treated like employees through these factors, they can help in strengthening of their argument.
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you own a small manufacturing business that produces widgets. you have spent $150,000 acquiring the fixed assets you need to produce widgets. each widget costs you $2 to make and they sell for $15 each, so your variable cost is 13.3% of the overall revenue. at your current level of operating leverage, how many widgets must you sell to break even? 13,482 19,950 11,539 10,000
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11,539 widgets must be sold in order to achieve break-even at the current operating leverage.
How does operating leverage work?A cost-accounting technique called operational leverage assesses how much a company or project can raise operating profitability by raising revenue. High operating leverage companies have low variable costs and high gross margins when generating revenue.
You must finish the operational leverage calculation to determine the price at which to make a profit and pay your expenses. Additionally, it can assist you in comprehending the efficiency with which your company can generate profits by making use of fixed-cost assets like machinery or storage facilities.
Calculation:
Due to this:
$150,00 for fixed assets
Sales price = $15 Variable cost = $2
The contribution margin minus fixed costs equals the break-even point.
Sales per unit less variable cost per unit ($15-$2=$13) equals contribution margin.
Break-even point (Sales) is $150,000 divided by $13 to equal 11,539 units.
Therefore, in order to break even, 11,539 widgets must be sold.
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all about town is a chain of clothiers with locations in malls around the country. it maintains records on the average customer traffic at each location month by month, as well as sales at each facility, net profits for each, and so on. this type of record keeping is an example of a(n) system.
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All About Town is a clothing retailer with locations in shopping malls across the country. It keeps track of average customer traffic at each location month after month, as well as sales, net profits, and so on. This is an example of an information technology system.
What exactly does customer traffic imply?The number of customers who enter your store is referred to as foot traffic in retail. In general, increased foot traffic leads to increased revenue. Sensors at store entrances are commonly used in retail traffic counting systems to count the number of visitors. Infrared technology is used to track customers entering and exiting the store by counting each time a beam is broken. Foot traffic data, also known as footfall data, is the number of customers who pass through and visit specific locations such as retailers (retail stores) or shopping malls. The data shows the number of people in the area at specific times, the frequency of store visits, and the length of stay.To learn more about average customer traffic, refer to:
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for financial reporting, the lower of cost or net realizable value approach can be applied to (select all that apply.) multiple select question. the entire inventory. groups of inventory items. individual inventory items. only to inventory purchased during the current year.
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The net realizable value approach can be applied to groups of inventory items; the entire inventory; individual inventory items.
Inventory must be documented at the lesser cost or the rate at which it can be sold in accordance with the lesser cost or net realizable value principle. A product's net realizable value is its expected selling price less the expenses related to its production, marketing, and delivery.
Thus, inventory should be written down to its net realizable value if it is recorded in the accounting records at a value higher than its net realizable value. Selling price less completion, disposal, and transportation expenses equal net realizable value. It is possible to apply the lower of cost and net realizable value to specific inventory items, logical categories of inventory, or the entire inventory.
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true or false: the critical path is both the shortest time in which a project can be completed and the longest time that a project is schedule to take.
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The given statement of the critical path is false.
What do you mean by critical path?
The critical path method (CPM) or critical path analysis (CPA) is a scheduling methodology for a group of project tasks. It is frequently used in tandem with the programme assessment and review technique (PERT). A critical route is found by identifying the longest stretch of dependent activities and calculating the time it takes to perform them from beginning to end. The critical path method (CPM) is a project modelling technique invented by Morgan Walker of DuPont and James E. Kelley Jr. of Remington Rand in the late 1950s. Kelley and Walker shared their memories of CPM's development in 1989.
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eople buy insurance: a. to insure against poor health. b. because of externalities. c. because they are risk averse. d. to defer consumption. e. to maximize their welfare.
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Aversion to risk is the main reason why people purchase insurance.
What is an aversion to risk?Risk avoidance is the propensity to do so. A risk-averse investor is one who favors capital preservation over the possibility of earning a higher-than-average return. Price volatility in investing equals risk. Investing in a risky asset can either make you wealthy or eat up your savings. A cautious investment will increase gradually over time. More stability equates to low risk.
A low-risk investment ensures a respectable, if unspectacular, return with an essentially zero percent chance of losing any of the initial investment. In most cases, the return on a low-risk investment will eventually match or slightly exceed the rate of inflation. Money could be made or lost on a high-risk investment. Risk seeking can be contrasted with being risk averse.
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you are an investment advisor. your clients have been stuffing money into a a cookie jar to save for their child's college education, and is now bringing it to you to invest. they have $10091 dollars to invest and need to turn it into $23194 dollars in 8 years. they cannot make any more deposits. what rate of return do you need to find them to make sure they can afford to send their child to college? answer as a percent and to the nearest hundredth of a percent as in xx.xx % and enter without the percent sign.
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The required rate of return is 16.23% for the investment
The principal amount invested for a child's college education= $10091
Required amount in future for education= $23194
Number of years for which amount is invested= 8 years
Interest earned in 8 years = 23194-10091 = $13103
Using the formula of simple interest, to find the rate of return:
Simple interest = P*R*T/100
where P = principal amount invested
R = rate of return
and T = time period for which the principal is invested
Substituting the values in the formula we get the following:
13103 = 10091*R*8/100
13103 = 807.28*R
R = 16.23%
So, the rate of return is 16.23%
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what groups of contacts are most valuable as advisors for student-owned startups? select all that apply. group of answer choices employers from internships faculty classmates
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A productive team in the workplace is one that is focused on outcomes. Your startup needs a team of individuals that are truly unconventional thinkers. These professionals ought to be prepared to offer answers that you as an entrepreneur as a person cannot.
What position in a startup is most crucial?The visionary is a common term used to describe the chief executive officer (CEO) of a business. the pack's ringleader the person who decides. Their talent consists in having ambitious goals and having a strong sense of what the business can accomplish in the future. A productive team in the workplace is one that is focused on outcomes. Your startup needs a team of individuals that are truly unconventional thinkers. These professionals ought to be prepared to offer answers that you as an entrepreneur as a person cannot. Bad leadership, poor planning, failing to differentiate a product or service from those already on the market, disregarding client demands, and failing to learn from mistakes are all common issues with startups.
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which of the following individuals would be the best fit as the chief executive officer (ceo) of a startup? a. jamal, a web developer b. katelyn, an engineer c. mia, a scientist d. all of these are correct. e. none of these are correct.
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Neither Jamal, a web developer, Katelyn, an engineer nor Mia, a scientist are individuals who would be the best fit as the chief executive officer (ceo) of a startup.
Who is a chief executive officer?Basically, a chief executive officer (CEO) are also known as a central executive officer (CEO), chief administrator officer (CAO) or just chief executive (CE). This officer is one of a number of corporate executives charged with the management of an organization, most especially in an independent legal entity such as a company or nonprofit institution.
A typical chief executive officer find roles in a range of organizations including the public and private corporations, non-profit organizations and even some government organizations.
The chief executive officer of a company typically reports to the board of directors and is charged with maximizing the value of the business which may include maximizing the share price, market share, revenues etc.
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what are two profit-oriented approaches to setting a price?multiple select question.cost-plus pricingskimming pricingcustomary pricingtarget return pricingtarget profit pricing
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Two price-setting strategies focus on making a profit:
target return pricingtarget profit pricingWhat are the two methods of pricing?We discuss the three main and most popular pricing techniques in this concise guide:
Price based on cost. Pricing based on value. Pricing based on competition.What does profit-driven pricing mean?When a corporation has a profit-oriented pricing purpose, it means that it wants to maximize profits from each sale or service it offers while achieving long-term corporate viability.
What is a profit-oriented strategy?Profit-focused strategies: Setting the price to achieve targeted profits, a return on sales, or a return on investment is necessary for profit orientation. Three pricing methods emphasize profits: optimum pricing for profit. Ideally priced for return on sales.
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the costs of restructuring an asset so that it has new capabilities, but where it is uncertain if the restructuring will provide future benefits, should be
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The expenses of reworking an asset to give it new capabilities should be considered when it is unclear whether the reworking will result in future advantages is depreciated over future periods benefited and capitalised.
Throw light on the concept of depreciation of assets.The accounting approach of depreciation can be used to spread out a tangible item's cost over the period of its useful life using the accounting approach of depreciation. Depreciation indicates how much of an asset's worth has been expended. It makes it possible for companies to buy assets over a predetermined period of time and profit from those assets.
Equipment and machinery are expensive assets. Companies can utilize depreciation to spread out the cost of an asset rather than realizing the entire cost in the first year, and to match corresponding revenues and expenses in the same reporting year.This makes it possible for a company to depreciate an asset's value over time, especially during its useful life.
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yamaha incorporated hires a new chief financial officer and promises to pay him a lump-sum bonus four years after he joins the company. the new cfo insists that the company invest an amount of money at the beginning of each year in a 7% fixed rate investment fund to insure the bonus will be available. to determine the amount that must be invested each year, a computation must be made using the formula for:
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To determine the amount that must be invested each year, a computation must be made using the formula for the future value of an annuity due. The future value of an annuity can be described as the sum of the future value of each payment.
Investing can be defined as the process of buying assets that increase in value over time and provide returns in the form of income capital gains or payments. The equation for the future value of an annuity due is the sum of the geometric sequence, or can be written as A(1 + r)1 + A(1 + r)2 + ... + A(1 + r)n.
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the learning curve theory is based upon each of these conclusions except: group of answer choices a. the time required to perform a task decreases as the task is repeated. b. all time increases can be associated with improved product quality. c. the amount/rate of improvement decreases as more units are produced. d. the rate of improvement has sufficient consistency to allow its use as a prediction tool.
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The idea of a learning curve is based on all of these findings, except that the rate of improvement lacks the consistency needed to be used as a predictive tool.
A learning curve is a mathematical idea that visually illustrates how a process improves over time. learning outcome and growing skills. According to the learning curve idea, things will take less time and effort to complete the more times they are completed because of the consistency you gain as you learn the process. A tool for estimating costs and measuring production efficiency,
the learning curve was originally introduced by psychologist Hermann Ebbinghaus in 1885. A percentage that indicates the rate of improvement is generally used to express a learning curve. In a graphical representation of the learning curve, a steeper slope indicates initial learning that results in consistency, further cost savings, and subsequent learning that leads to slower and more difficult cost savings.
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three years ago, you invested in the future investco mutual fund by purchasing 1,000 shares of the fund at a net asset value of $30.00 per share. because you did not need the income, you elected to reinvest all dividends and capital gains distributions. today, you sell your 1,100 shares in this fund for $32.67 per share. what is the compounded rate of return on this investment over the 3-year period?
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(200 x 0.92) + (200 x 0.80) + (200 x 29) = $6144
6144 - (200 x 23) = $1544 total return is the compounded rate of return on this investment over the 3-year period.
Investment is the determination of cash to buy an asset to gain an increase in price over a time period. Funding calls for a sacrifice of a few present assets, along with time, money, or attempt. In finance, the purpose of investing is to generate a return from the invested asset. The return may consist of a gain (income) or a loss found out from the sale of assets or funding, unrealized capital appreciation (or depreciation), investment profits together with dividends, interest, condo income, or a combination of capital advantage and earnings. The return may consist of forex profits or losses because of modifications inside the overseas currency trading fees. Buyers normally anticipate higher returns from riskier investments. When a low-risk investment is made, the return is also commonly low.
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The goal of the accounts receivable methods is to adjust the allowance for doubtful accounts balance so that?.
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The goal of the accounts receivable methods is to adjust the allowance for doubtful accounts balance so that the estimated amount of the receivables that are not collected is the same as the adjusted balance.
The write-off item must be reversed and the payment must be recorded when you receive money that you wrote off as uncollectable. Reverse the write-off entry by lowering the allowances for doubtful accounts account with a credit and raising the accounts receivable account with a debit. Due to the fact that an allowance for doubtful accounts affects the value of an asset, in this example, the accounts receivable, it is referred to as a "counter asset." The allowance, also known as a bad debt reserve, reflects management's best guess as to how much of the accounts receivable are likely to be unpaid by clients.
In accordance with the allowance method, a business makes an adjusting entry at the conclusion of each accounting period for the sum of the losses it expects to incur as a result of giving its clients credit.
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arnold has a tax liability of $700. he has a refundable tax credit of $1,000, and his employer withheld $900 in federal income tax from arnold's pay. what is the amount of arnold's tax refund?
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The amount of Arnold's tax refund is $1200
Tax liability = $700
Tax refunds are payments sent to taxpayers who have overpaid their taxes, frequently as a result of excessive withholding by employers from employees' paychecks. Nearly three-fourths of taxpayers, according to U.S. Treasury estimates, have too much money withheld from their taxes, resulting in tax refunds. Overpaying taxes can be compared to giving the government an interest-free loan. Employees can also adjust the amount they withhold when estimating their year-end liability.
Refundable tax credit = $1000
Amount withheld with employer = $900
Calculating the amount of refund:
= 700 - 1000 - 900 = $1200
So, the refund amount is $1200
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