This is true. if damaged, obsolete (out-of-date), or deteriorated goods can be sold, they will be included in inventory at their original cost.
What is an obsolete good?This is the term that is used to refer to the good that is already at the inventory which is known to be at the end of its life cycle. That is the good has not been used for a very long time and it has not been sold either. It may not even be sold in the future.
For a good that is of this nature, it would have to be included at the original cost that it had in the inventory when it was bought at the time.
Hence the answer is true.
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This is true. If broken (or damaged), old, or worn-out goods can still be sold, they will be added to the inventory at their original cost.
What is the term "obsolete good?"This is the term used to describe a product that is already in the inventory but has reached the end of its life cycle. In other words, the item has not been used or sold for an extended period of time. It may not be sold at all in the future.
For a product of this sort, it must be included in the inventory at the original cost it had at the time it was purchased.
Thus, the response is true.
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Dividing a market into smaller segments of buyers with distinct needs or behaviors that might require separate marketing strategies is known as __________.
Dividing a market into smaller segments of buyers with distinct needs or behaviors that might require separate marketing strategies is known asmarket segmentation
What is the process of dividing a market into smaller groups? Market segmentation refers to “dividing a market into smaller segments of buyers with distinct needs, characteristics, or behaviors that might require separate marketing strategies or mixes,” targeting is defined as “evaluating each market segment's attractiveness and selecting one or more segments to enter,” Based on demographics, demands, goals, shared interests, and other psychographic or behavioral characteristics used to better understand the target audience, market segmentation divides a market into subsets.You may use this targeting in your product, sales, and marketing efforts by analyzing your market segments. The four primary categories of market segmentation are thought to be geographic, psychographic, behavioral, and demographic; however, there are many other tactics you can employ, as well as countless variants on the four primary types. Three Different Types of Segmentation and Their Use psychologically based segmentation.The values, beliefs, perceptions, attitudes, interests, and actions of the consumer are taken into account by this segmentation technique.segmentation based on demographics.segmentation by location.To learn more about market segmentation refer
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xyz corporation is planning an add-on offering. xyz currently has outstanding shares and is now raising additional capital to build a new manufacturing plant. the quiet period during which no research may be published on xyz will last for how many days?
The quiet period in which no research may be published on XYZ will last for 3 days from the effective date. the correct option is (A).
Research is imaginative and methodical activity done to broaden the body of knowledge. It entails the objective gathering, organizing, and analysis of data in order to improve comprehension of a subject or issue. A research project could build on prior contributions made in the field. Research may duplicate portions of earlier projects or the project as a complete to check the precision of instruments, processes, or experiments. Observation, discovery, analysis, and the R&D of techniques and systems for the growth of human knowledge are the main goals of basic research. Research are conducted and published.
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The question was incomplete. Check below the complete question.
XYZ Corporation is planning an add-on offering. XYZ currently has outstanding shares and is now raising additional capital to build a new manufacturing plant. The quiet period in which no research may be published on XYZ will last for how many days?
A. 3 days from the effective date
B. 12 days from the effective date
C. 30 days from the effective date
D. 40 days from the initial filing of the registration statement
If you are looking for information about financial aid at many different institutes of higher education, who should you contact?.
A cosigner and the borrower share equal responsibility for repaying the debt, but a parent loan places all of the burden on the parent.
What exactly does EFC mean?
Colleges utilize an index number called your Expected Family Contribution (EFC) to calculate how much financial help you are eligible for. Your EFC is determined using the data from your Free Application for Federal Student Aid (FAFSA®) and a methodology set by law.
Why is it conceivable that you can receive less money than you borrowed in loans?
A loan works on a rather simple principle: you borrow money, then you pay it back. However, the amount you owe is greater than what you borrowed. This is a result of the interest and fees that a lender assesses you for using its funds. It is additionally known as a finance charge.
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you have just won the state lottery and have two choices for collecting your winnings. you can collect $100,000 (option 1) today or receive $12,000 (option 2) per year for the next ten years. a financial analyst has told you that you can earn 5% on your investments. which option would you choose?
Option 2. Although you would only be receiving $12,000 per year, you would be earning 5% on your investment, which would compound over the ten years. This would result in a larger sum of money than if you had taken the lump sum of $100,000 today.
What is investment?
An investment is the purchase or item purchased with the intention of earning income or increasing in value. An rise in the value of an asset over time is referred to as appreciation. When a person buys a good as just an investment, the intention is not to eat the good but rather to use it to create wealth in the future. An investment is always the outlay of certain resource presently, hard work, money, or a resource the hope of a greater payoff later than what was initially put in. For example, an investor may buy a monetary asset now with the expectation that it will generate income in the future or that it will be sold at a higher price later for a profit.
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many scholars think that more effective corporate regulation and harsher punishment of corporate criminals may help deter corporate crime. group of answer choices true false
It is true that many scholars think that more effective corporate regulation and harsher punishment of corporate criminals may help deter corporate crime.
What is meant by corporate crime?The term corporate crime is the term that has to do with the crimes that are committed by the people that are working in the corporate environments. That is the crimes that those working in the white collar jobs would commit.
The crimes are usually done for the benefits of the organizations that have employed them. It is believed that if the punishment is harsher, then it would come to a minimum/.
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Recently a family from virginia received the keys to their new 3d printed home. The 3d printer that manufactured this home is primarily a ________ innovation.
This house was made using a 3D printer, which is essentially a technological innovation.
Why is 3D printing used?A technological advancement that has the power to completely alter the industrial sector is additive manufacturing, sometimes known as 3D printing. Using 3D printing, plastic filament spools or resin tray contents are transformed into physical objects. 3D printing is literally out of this world.
NASA has a 3D printer on board the International Space Station where astronauts can print out unusual objects like this maintenance wrench without having to send them into orbit.
Large enterprises, small businesses, amateurs, and students all use 3D printing. Since technology allows for the creation of physical objects from digital designs, there are various uses for 3D printers.
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when a firm wants to borrow directly from the public to finance the purchase of new equipment, it does so by selling shares of stock. a. true b. false
A company sells bonds when it wants to borrow money directly from the public to pay for new equipment.
When a company has financial difficulties, bondholders are compensated first. Private savings must be $12,500 if investment in an imaginary closed economy is $10,000 and the government has a $2,500 deficit.
If the government increased the tax on savings interest income, what would happen to the market for loanable funds?
Savings become less appealing if interest income is taxed. This will prompt a decrease in saving and subsequently, the stockpile of loanable assets.
Which of these factors determines the amount of money available for loans?
Savings provide the source of available funds for loans. Borrowing drives the demand for funds that can be loaned. The real interest rate and the amount of money loaned are determined by the interaction between the demand for loans and the supply of savings.
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which strategy for handling a brand name is useful when a company plans to enter a foreign market with mainly one product and the brand name doesn't have negative connotations in any local markets?
A one-brand-name-everywhere strategy is useful for handling a brand name when a company plans to enter a foreign market with mainly one product and the brand name does not have negative connotations in any local markets. Therefore, the option B holds true.
What is the significance of a business strategy?A business strategy can be referred to or considered as the implementation of accurate business plans in such a way that they are in the direction of the achievement of the organizational goals.
A one-brand-name everywhere strategy is one such business strategy that helps a brand to establish itself in the international markets, so that the brand does not have to re-establish itself in the foreign markets.
Therefore, the option B holds true and states regarding the significance of the business strategy.
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The missing options to the question have been added below for better reference.
a. All of these are correct.
b. A one-brand-name-everywhere strategy,
c. A strategy using different brand names in different markets,
d. An adaptation and modification strategy
jacquie is bidding against several other people on an item at an auction. she knows the bid is already higher than what she originally wanted to pay, but she doesn't want to give up, so she keeps bidding. what type of decision-making problem does this demonstrate?
The type of decision-making problem does this demonstrate is an escalation of commitment.
Escalation of commitment, Takes place when individuals maintain a failing direction of movement after information well-known shows this can be a negative path to follow. It is sometimes referred to as sunk prices fallacy due to the fact the continuation is regularly based on the concept that one has already invested in this path of motion.
As an example, if a person publicly commits to their intentions (like going to the gym 3 instances a week) in order that they come to be much more likely to observe thru on their plans. Marketplace researchers may also experience commitment bias whilst study members refuse to contradict themselves and stubbornly keep on with their initial reviews.
The escalation of dedication (or the related sunk-cost fallacy) is whilst we behave completely irrationally and hold to pursue something that promises more and more terrible effects (monetarily, psychologically, emotionally, and many others.) in preference to changing course.
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You have a copy of an invoice sent to a customer for services provided on account. What would the T account look like after analyzing this transaction?
Accounts Payable is credited to increase, and Sales is debited to increase.
Accounts Payable is debited to increase, and Sales is credited to increase.
Accounts Receivable is credited to increase, and Sales is debited to increase.
Accounts Receivable is debited to increase, and Sales is credited to increase.
The way that the the T account look like after analyzing this transaction is D. Accounts Receivable is debited to increase, and Sales is credited to increase.
What is a T account?A T-account is a colloquial term for a collection of financial records that use double-entry bookkeeping. A T-account is so named because the bookkeeping entries are organized in the shape of a T. Just above the T is the account title.
Accounts receivable are the funds owed by a company's customers for goods or services received but not yet paid for. When a customer purchases a product on credit, the amount owed is added to the accounts receivable.
Therefore, when you have a copy of an invoice sent to a customer for services provided on account, the accounts receivable is debited to increase.
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elsa company had january 1 inventory of $300,000 when it adopted dollar-value lifo. december 31 inventory at year-end prices was $379,500, and the price index was 110. what is elsa's ending inventory presented on the balance sheet for the current year using dollar-value lifo?
$349,500 is else's ending inventory presented on the balance sheet for the current year using dollar-value LIFO.
Inventory (American English) or stock (British English) refers to the products and materials that a business holds for the final word goal of resale, production, or utilization. Inventory management is a discipline primarily concerning specifying the form and placement of stocked goods. it's needed at totally different locations inside a facility or within several locations of an offer network to precede the regular and planned course of production and stock of materials.
The conception of inventory, stock, or work in process (or add progress) has been extended from producing systems to service businesses [1][2][3] and comes by generalizing the definition to be "all work within the method of production - all work that's or has occurred before the completion of production".
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it is now prime day, the deal is selling well, but you just got a call from the vendor explaining that they will not be able to fill any more units for the next 3 weeks. your instock manager (anjali patel) says that we should cut the deal off early to preserve inventory for that 3-week period. what are the factors you would consider before deciding whether to cut the product off early? rate the relevance of each response below.
Competitor activity- Very effective: The competitor's activity is a very important component to take into account in order to prevent the company from losing out on market demand to rival businesses.
Effective vendor relationship: Since early contract termination would Competitor activity ensure a smooth flow, the vendor relationship is important but not very high on the scale.
Impact of unpleasant experience on customers- Highly effective: The impact on the customers would be quite significant, which would lead to Competitor activity the customers abandoning the brand.
The impact of the revenues must also be properly taken into account in rival businesses order for the system's benefit analysis to adequately capture the full program.
Competitor activity- Very effective: The competitor's activity is a very rival businesses important component to take into account in order to prevent the company from losing out on market demand to rival businesses.
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a firm sold a property for $79,500. the seller paid the listing firm 6.5% commission. the listing firm will pay the listing licensee 30% of the commission and will pay the selling licensee 25% of the commission. how much did the listing firm pay the listing licensee?
The listing firm paid a commission of $1,550.25 to the listing licensee.
The amount of commission the listing firm paid the listing licensee can be calculated by multiplication.
We first calculate the amount received by the listing firm from the seller as follows;
commission of listing firm = 6.5% of $79,500
commission of listing firm = (6.5/100) × 79,500
commission of listing firm = 0.065 × 79,500
commission of listing firm = $5167.5
As the listing firm paid the listing licensee 30% of its commission, therefore;
commission paid to listing licensee = 30% of $5167.5
commission paid to listing licensee = (30/100) × 5167.5
commission paid to listing licensee = 0.3 × 5167.5
commission paid to listing licensee = $1550.25
Therefore; the listing firm paid the listing licensee a commission of $1550.25
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Yuan wants to analyze his idea for an entrepreneurial venture using a structured approach that looks at various aspects of the proposed venture and how viable they are. This is known as ________.
Four forms of corporate entrepreneurship—opportunist, enabler, advocate, and producer—have been identified by Robert C. Wolcott and Michael J.
What two perspectives exist on the entrepreneurial approach?
Entrepreneurship was described by Radosevic, Yoruk, Edquist, and Zabala (2012) from the perspectives of 1) a micro phenomenon and 2) a macro phenomenon.
Which four different innovation strategies are there?
According to Dodgson et al., there are four types of innovation strategies: proactive, active, reactive, and passive.
What are the four entrepreneurship theories?
Theories of entrepreneurship include those based on culture, the economy, sociology, and psychology.
The two aspects combined result in a matrix with four dominating models: producer, enabler, advocate, and opportunist.
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as part of an anti-obesity program, the government places an excise tax on high-fat foods. we would expect consumers to pay almost all of this tax if demand is:
As part of an anti-obesity program, the government levies an excise tax on high-fat foods. We expect consumers to pay almost all of this tax if demand is inelastic and supply is elastic.
Because the flexibility of demand and supply affects the tax burden. More of the tax burden is borne by people the more inelastic the curve is.
When the elasticity is greater than one, it indicates that the demand or supply is very responsive to changes in price. A demand or supply is said to be inelastic if its elasticity is less than one, indicating that it is not very responsive to price changes.
A boost in demand will cause a small price increase but a significant increase in demand when the supply is elastic. If supply is inelastic, a rise in demand will lead to a big price increase but a little rise in demand. The supply is said to be price inelastic if the price elasticity of the supply is less than 1.
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a. in the fiscal year ended july 31,2014, intuit reported net income of $1,009 million. how much did intuit pay in dividends to its common shareholders?
Intuit paid $211 million in dividends to common stockholders for the year ended July 31, 2014.
What is stockholders ?Stockholders are also called corporate or individual shareholders who own at least part of the share capital of an organization. Stockholders most often own the company and usually buy the company's performance in the form of a higher stock valuation.To elaborate on the underlying meaning of the term, "shareholders" technically mean owners of shares, which can be interpreted as inventory rather than shares. Conversely, “shareholder” means the owner of the shares and only the equity interest in the company.Holders of ordinary shares of a corporation are called ordinary stockholders.Common stockholders elect the company's board of directors and vote on certain transactions, such as: Merger of Company with Another Company.To learn more about stockholders from the given link:
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why did the new dealers argue that the works progress administration (wpa) would not bankrupt the federal government even though it meant deficit spending?
The New Dealers argued that the WPA would not bankrupt the federal government even though it meant deficit spending because creating jobs, it would generate tax revenues.
Write a note on Works Progress Administration.The American New Deal organization known as the Works Progress Administration (WPA; renamed the Work Projects Administration in 1939) recruited millions of job seekers (mainly men without formal education) to complete public works projects, such as the building of public structures and roadways. By executive order, it was established on May 6, 1935, as a crucial component of the Second New Deal.
The first allocation for the WPA in 1935 was $4.9 billion, or around $15 per person in the United States and 6.7 percent of the GDP in that year. The WPA, led by Harry Hopkins, provided paid employment to the jobless in the US during the Great Depression while enhancing the nation's public infrastructure, including parks, schools, and highways.
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for the retail inventory method, normal spoilage of inventory is treated as: multiple choice deducted in the retail column after calculating the cost-to-retail ratio. deducted in the cost column before calculating the cost-to-retail ratio. deducted in the cost column after calculating the cost-to-retail ratio. deducted in the retail column before calculating the cost-to-retail ratio.
The spoilage of inventory is deducted in the retail column after calculating the cost-to-retail ratio.
Inventory spoiling is the term used to describe how products naturally degrade while going through the production or inventory stages of the sales cycle. This is the product line degradation that is typically seen as inevitable and expected. Following the determination of the cost-to-retail proportion, spoilage is subtracted from the retail column.
By deducting the period's sales from the items that are currently on the retail market, the retail inventory technique first calculates the quantity of ending inventory at retail. The cost-to-retail ratio is then multiplied by the ending inventory at retail to arrive at the cost. Cost percentages are typically based on partnerships from prior years, which may not accurately represent the relationship at hand. An overestimation of the ending inventory may also result from failing to account for theft or inventory spoilage.
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a salon that is not a price taker can move the price for the services it provides. when setting the price for its services, can ignore profit-maximizing strategies. lower servicing costs more than its competitors. reduce its advertising budget more than its competitors.
The correct option is reduce its advertising budget more than its competitors.
Advertising is a promotional interest which objectives to sell a products or services to a audience. it is one of the oldest varieties of advertising and marketing which attempts to steer the actions of its target audience to either buy, sell, or do something precise.
Advertising is a advertising communique that employs an openly subsidized, non-non-public message to sell or sell a product, service or idea. Sponsors of advertising and marketing are usually organizations wishing to promote their services or products.
Advertising and marketing is a advertising and marketing tactic regarding purchasing area to promote a product, service, or reason. The actual promotional messages are referred to as advertisements, or ads for brief. The aim of advertising and marketing is to reach human beings most in all likelihood to be inclined to pay for a business enterprise's products or services and entice them to shop for.
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kendall's company has bought office stationery and business cards from the same printing company for five years. kendall's company recently moved into a bigger office down the street. she called the printing company to order new stationery with the updated address. this is an example of a(n)
This is an example of a Modified Rebuy
Modified Rebuy is a situation in which an individual or an organization rebuys the goods but just makes a few certain changes that are modified in the buying process. These changes can be related to many elements while purchasing it can either be the supplier or some specific elements of previous orders that need changes.
When Kendall's company bought stationary and business cards from the same company and then moved to a bigger office she updated the address of the office which is a change while making the purchase.
Hence, this type of purchasing is an example of Modified Rebuy.
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an investment offers a total return of 9.0 percent over the coming year. janice yellen thinks the total real return on this investment will be only 2.5 percent. what does janice believe the inflation rate will be over the next year?
Janice believes the inflation rate will be 4.72% next year
Compute the exact inflation rate as follows:
Nominal rate of interest =(1 + real rate)x(1 +inflation rate)-1
11%=(1+6%)x(1 +inflation rate)-1
1+11% / (1+6%) -1 = inflation rate
inflation rate =4.72%
Thus, the inflation rate is 4.72%.
On the above, the better costs of those objects earn the lender more interest. As an example, if the rate of tv will increase from $1,500 to $1,600 due to inflation, the lender makes extra money due to the fact that 10% interest on $1,600 is more than 10% interest on $1,500.
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pull mechanisms to encourage drug and vaccine development could include: group of answer choices tax credits patent extensions on other products of the firm that develops the desired product both prizes for successful development of the desired product and patent extensions on other products of the firm that develops the desired product. prizes for successful development of the desired product
Pull mechanisms to encourage drug and vaccine development could include prizes for successfully developing the desired product.
One of the largest reasons the pharma industry is not interested in antibiotic drug development is that it is an extremely pricey challenge. in line with estimates, the value of growing an antibiotic is around $1.5 billion.
To solve this hassle the university is engaged in go-disciplinary studies including inspecting deep-sea sponges in the look for new antibiotics. developing new antibiotics.
Inventing new technologies to hit upon antibiotic resistance in blood samples.
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homer is considering a project with cash inflows of $950 a year for years 1 to 4, respectively. the project has a required discount rate of 11 percent and an initial cost of $2,100. what is the discounted payback period? a) 3.05 years b) 2.68 years c) 3.39 years d) 2.21 years e) never group of answer choices
The discounted payback period for the project is 2.68 years.
What is discounted payback period?The discounted payback period (DPB), also known as the time it takes to break even on an investment, is the number of years it will take for the project's initial cost to equal the discounted value of its predicted cash flows. When a project's cumulative net present value reaches zero, that time period is known as the zero period.
The cumulative discounted cash flows will start out with a negative value because of the investment's initial cost, but as money is made after the initial investment, the discounted cash flows for those years will be positive, and the cumulative discounted cash flows will move in a positive direction toward zero. DPB happens when the discounted cash flows that have been cumulatively negative turn positive or rebound.
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by the middle of the nineteenth century, henry cort's system of puddling had resulted in group of answer choices britain greatly increasing its output of cotton. a quadrupling of british coal production. britain becoming by far the world's leading iron producer. the enhancement of pig iron impurities. an improvement in agricultural production.
By the middle of the nineteenth century, Henry Cort's system of puddling had resulted in Britain becoming by far the world's leading iron producer.
Henry Cort was an English manufacturer of ironware who had previously worked as a Navy pay agent. In England's Industrial Revolution, Cort started using cutting-edge production techniques to refine iron from pig iron to wrought iron. He obtained a patent for an improved version of the puddling technique for casting iron in 1784.
At the Fontley Works, Cort expanded his ideas, which led to the 1783 patent for a straightforward reverberatory furnace to refine pig iron and the 1784 patent for his puddling furnace, which contained grooved rollers that automated the traditionally tedious process.
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true or false: home ownership can limit your mobility as it might be difficult to sell your home when interest rates are low and when the economy is doing well.
False: When interest rates are high and the economy is slow, selling a home may be hard.
What is the most well known type of lodging?In the United States, single-family homes make up the majority of homes. They are typically found in the suburbs and are less common in densely populated areas.
Which kind of property rises in value the most?Land appreciates due to its limited availability; As a result, the demand for land rises in tandem with population growth, raising its cost over time.
What is the American term for a house?Additionally, I frequently refer to my house as "my home. "My house is just a house otherwise. There is no such thing as an apartment. The usage of the three terms by the average American is very similar to this.
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According to the digital disconnect and the lecture, the global digital divide is the result of _____.
According to Digital Disconnect, the global digital divide is the result of the hyper-commercialization of Internet development that only serves affluent populations/groups.
The Digital Disconnect refers to experts' examination of current theory, research, and practice in socio-digital inequality. The Digital Disconnect provides a thorough analysis of capitalism's exploitation of the Internet. As per the Digital Disconnect, it is the hypercommercialism of mainstream computing technologies that causes the global digital divide. The global digital divide refers to global discrepancies, particularly between developing countries, and developed in access to computing and information resources such as the Internet, as well as the opportunities that such access provides.
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when the us allowed foreign banks to enter the us capital market and domestic banks to expand their operations overseas in the late 1970s, it was due to blank . multiple choice question. forecasting deregulation a subsidiary a buy-out
When the US allowed foreign banks to enter the US capital market and domestic banks to expand their operations overseas in the late 1970s, it was due to deregulation which is the reduction of state regulations.
Deregulation is the removal or reduction of state regulations, usually in the economic sphere. It is the repeal of governmental economic regulation. While companies complain about how a regulation is impeding their ability to compete, the government removes it.
The declared reasoning for deregulation is frequently that few or no and simpler regulations will increase competitiveness, resulting in higher productivity, greater efficiency, and lower overall prices.
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what are the three broad categories of incentive pay?multiple select question.incentives linked to individualsincentives linked to company turnoverincentives linked to reducing competitionincentives linked to organizational performanceincentives linked to groups
The many kinds of incentive pay fall into three broad categories incentives linked to individual, group, or organizational performance.
The various types of incentive pay are divided into three broad categories. Individual, group, or organizational performance-based incentives. Here are the different incentive pays.
Annual bonus: An annual payment that is typically based on a worker's annual salary.
Signing bonus: A one-time payment made when a candidate agrees to work for a company.
A discretionary or spot bonus is a one-time cash payment that recognizes past performance.
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a company's product sells at $12.34 per unit and has a $5.51 per unit variable cost. the company's total fixed costs are $96,300. the break-even point in units is:
Break-even point in units= 14,088 units
Giving the following information about the breakeven pointA company`s product sells at $12.30 per unit and has a $5.45 per unit variable cost. The company's total fixed costs are $96,500.
To calculate the break-even point in units, we need to use the following formula:
Break-even point in units= fixed costs/ contribution margin per unit
Break-even point in units= 96,500/ (12.3 - 5.45)
Break-even point in units= 14,088 units
The breakeven factor is the factor at which the overall price line intersects the overall sales line . It is the range of devices a organization have to promote to generate a 0 profit.
Sales under the breakeven factor imply a loss, while income above the breakeven factor imply a profit.
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as a financial coach, your client is retiring today with $812365 in retirement savings. you have worked with her to invest that money in a stable account paying a guaranteed rate of 9.1 percent. she will need to make ordinary withdrawals over the expected 135 months of her remaining life. your client is an only child and has no living family members. she has already paid for her funeral and now plans to withdraw her money at the end of every month in equal monthly installments until her account is completely depleted. how much are her monthly payments?
Her monthly payments is $6017.52. A savings account is a simple type of financial product that allows you to deposit funds and earn a small amount of interest.
What is savings account?A business savings account is a bank account where you can save money for future business needs. When you need money, you can get it quickly and easily from your savings account. Depending on your bank, you can choose from a variety of savings accounts. A savings account is a simple type of financial product that allows you to deposit funds and earn a small amount of interest. These accounts are federally insured up to $250,000 per account owner and provide a secure place for your money to grow while earning interest.Business savings accounts can be used for a variety of purposes, including saving for unexpected or planned expenses, earning interest, preventing overdrafts, and increasing security measures. Minimum balances and opportunity costs may apply to business savings accounts.To learn more about savings account, refer to:
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