The present value of Investment 1 is $10 / (1.05)^2 = $8.74. The present value of Investment 2 is $10 / (1.05)^4 = $8.24.
In the context of investment and finance, the present value is a financial formula that calculates the current worth of a future sum of money, given a specified rate of return. This calculation is based on the concept of time value of money, which means that money available at the present time is worth more than the same amount of money in the future because it has the potential to earn interest or investment returns. To find the present value of a future cash flow, we use the discounted cash flow (DCF) method which involves discounting the future cash flows by the appropriate discount rate. This helps investors and analysts compare different investment opportunities and make informed decisions based on the current value of future expected returns.
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Robert has an easement over a portion of Eric’s property. Eric sells his property to Kelsey. The effect on the easement is:
Question 3 options:
a. nothing
b. the easement only is allowed to continue if Kelsey is made aware of the easement by Robert and Eric consents to the continuation of the easementc. it cancels the easement
d. nothing, but only if Robert tells Kelsey about the easement since Eric's consent is unnecessary
When Eric sells his property to Kelsey, the easement that Robert has over the portion of the property will typically continue, as easements generally run with the land. This means that Kelsey will take ownership of the property subject to the existing easement.
The easement only is allowed to continue if Kelsey is made aware of the easement by Robert and Eric consents to the continuation of the easement. When Eric sells his property to Kelsey, the easement does not automatically transfer to Kelsey.
However, Robert can continue to use the easement as long as Kelsey is made aware of it and Eric consents to the continuation of the easement. If Kelsey does not agree to the easement, then it may need to be renegotiated or canceled.
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Page 324 9. 1. What were the main elements of the market revolution? review the following video featuring author eric foner. Identify the statements that describe the market revolution
Answer: The main elements of market revolution are Transportation, Mechanization, and Commercial Farming
Explanation: Following the War of 1812, the country looked to expand into the western territories in order to take advantage of the economic opportunities there as New Markets opened up.
1. Advances and improvements in transportation (roads, steamboats, canals , railroads).
2. advances in communication , example telephone, telegram
3. westward expansion.
4. agriculture technology and expansion
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Top-level categories in a WBS should be written as _____.numbered verbsnumbered nounsnumbered activitiesnone of the aboveAn activity in a WBS is described using _____.nounscategoriesaction verbsnone of the aboveIn addition to manufacturing a new vehicle, car dealerships were opened to sell Edsels on E-Day. This illustrates how ____ was the primary driver for the Edsel.scopetimecostqualityA numerical and hierarchical chart illustrating all the project entails is the ____.RFPscope statementproject charterWBS
WBS stands for Work Breakdown Structure, which is a project management technique used to break down a project into smaller, more manageable components or tasks.
A WBS is a hierarchical decomposition of the project deliverables, which helps to organize and define the scope of the project.
1. Top-level categories in a WBS should be written as numbered nouns
2. An activity in a WBS is described using: action verbs
3. Besides manufacturing a new vehicle, car dealerships were opened to sell Edsels on E-Day. This illustrates how _cost_was the primary driver for Edsel: cost
4. A numerical and hierarchical chart illustrating all the project entails is the: WBS
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This article discussed the specific example of a petroleum company using cloud-based data analytics to improve decision making. What other industries can you identify that would benefit from the ability to capture large quantities of data in real time, analyze the data, and then use the results of those analyses to make better decisions?
The ability to capture and analyze large quantities of data in real time can benefit various industries. For example, healthcare organizations can use data analytics to improve patient outcomes and reduce healthcare costs. Retail companies can use it to analyze customer behavior and preferences, and optimize their marketing strategies.
Transportation and logistics companies can use it to improve supply chain efficiency and reduce delivery times. Overall, any industry that relies on data-driven decision making can benefit from the ability to capture and analyze data in real time.
Other industries that can benefit from real-time data capture, analysis, and improved decision-making using cloud-based data analytics include:
1. Healthcare: Medical professionals can use data analytics for real-time patient monitoring, predicting potential outbreaks, and improving treatment plans based on the analyses of patient data.
2. Retail: Retailers can analyze customer preferences, optimize inventory management, and tailor marketing strategies based on real-time sales data.
3. Finance: Financial institutions can use data analytics for fraud detection, risk assessment, and identifying investment opportunities by analyzing market trends and customer behavior.
4. Transportation: The transportation industry can use real-time data analysis to optimize routes, reduce fuel consumption, and improve traffic management.
5. Manufacturing: Manufacturers can analyze production data to optimize processes, reduce waste, and improve overall efficiency.
These are just a few examples of industries that can greatly benefit from the use of cloud-based data analytics to make better, data-driven decisions.
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Suppose Ike’s Bikes is expecting to produce 450 bikes per month for several years. In this case, in the long run, it would choose to produce bikes using (1/2/3 factories)
In the long run, Ike's Bikes would choose to produce bikes using one, two, or three factories depending on the production capacity of each factory.
Assuming Ike's Bikes is projected to produce 450 bikes per month over the next few years, the number of factories it chooses to build bikes in the long term will depend on each factory's capacity.
If each factory's maximum production capacity is 150 bikes per month, Ike's Bikes would need to produce 450 bikes per month using three factories.
If each factory has a maximum production capacity of 225 bikes per month, Ike's Bikes would have to use two factories to produce 450 bikes per month.
If each factory's maximum production capacity is 450 bikes per month, Ike's Bikes only needs to produce 450 bikes per month in one factory.
So in the long run, Ike's Bikes will choose to build bikes in one, two, or three factories, depending on the capacity of each factory.
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In the long run, Ike's Bikes would choose to produce bikes using one, two, or three factories depending on the production capacity of each factory.
Assuming Ike's Bikes is projected to produce 450 bikes per month over the next few years, the number of factories it chooses to build bikes in the long term will depend on each factory's capacity.
If each factory's maximum production capacity is 150 bikes per month, Ike's Bikes would need to produce 450 bikes per month using three factories.
If each factory has a maximum production capacity of 225 bikes per month, Ike's Bikes would have to use two factories to produce 450 bikes per month.
If each factory's maximum production capacity is 450 bikes per month, Ike's Bikes only needs to produce 450 bikes per month in one factory.
So in the long run, Ike's Bikes will choose to build bikes in one, two, or three factories, depending on the capacity of each factory.
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A construction company wants to determine how much longer an equipment it owns should remain in service before it is replaced by a new one. The company's before-tax cost of capital (MARA) is 10% per year. The old equipment is currently two years old, originally cost $2.000, and has a present realizable MV of $1,000. if kept, its MVs and annual experies are expected to be as follows: -For the old equipment (defender, what is the total (Marginal cost for yow 3 (TC)? For the new equipment challenger, what is the EUAC WoughYear 3? Please only fill in the number and round to the nearest Integer
The negative EUAC indicates that the new equipment challenger is not a profitable investment at the current before-tax cost of capital (10%).
To calculate the total marginal cost for year 3 (TC) of the old equipment, we need to consider the annual expenses and expected MV. Let's assume that the annual expenses are $500 and the expected MV for year 3 is $800.
TC = Annual expenses + (MVn - MVn-1) / (1 + MARA)^n
Where MVn is the expected MV for year 3 ($800), MVn-1 is the current MV ($1,000), n is the number of years (1), and MARA is the before-tax cost of capital (10%).
TC = $500 + ($800 - $1,000) / (1 + 0.10)^1
TC = $500 - $200 / 1.10
TC = $281 (rounded to the nearest integer)
To calculate the EUAC for the new equipment challenger in year 3, we need to consider the initial cost and annual expenses. Let's assume that the initial cost is $3,000 and the annual expenses are $200.
EUAC = (A + (B / MARC)) * (1 / (1 + MARC)^n) - (B / MARC)
Where A is the initial cost ($3,000), B is the annual expenses ($200), MARC is the before-tax cost of capital (10%), and n is the number of years (3).
EUAC = ($3,000 + ($200 / 0.10)) * (1 / (1 + 0.10)^3) - ($200 / 0.10)
EUAC = ($3,000 + $2,000) * 0.7513 - $2,000 / 0.10
EUAC = $4,513 - $20,000
EUAC = -$15,487 (rounded to the nearest integer)
Note: The negative EUAC indicates that the new equipment challenger is not a profitable investment at the current before-tax cost of capital (10%).
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A firm's statement of cash flows showed the following activities for the year ended December 31, 2021: Cash from operating activities: $ 30,000 Cash from investing activities: - 15.000 Cash from financing activities: -8,000 The year-end cash balance for this firm is: $7,000.00 $30,000.00 $53,000.00 $23,000.00
Based on the information provided, we know that the firm had cash inflows of $30,000 from operating activities and cash outflows of $15,000 from investing activities, resulting in a net cash inflow of $15,000. The firm also had cash outflows of $8,000 from financing activities.
To calculate the year-end cash balance, we need to take into account the beginning cash balance and the net cash inflow/outflow for the year. Unfortunately, the beginning cash balance is not provided in the question, so we cannot calculate the year-end cash balance with certainty.
However, we can use the following formula to estimate the year-end cash balance:
Year-end cash balance = Beginning cash balance + Net cash inflow/outflow
If we assume that the beginning cash balance was $8,000 (equal to the cash outflows from financing activities), then we can estimate the year-end cash balance as follows:
Year-end cash balance = $8,000 (beginning balance) + $15,000 (net cash inflow) = $23,000
Therefore, the estimated year-end cash balance for this firm is $23,000.
A firm's cash balance can be calculated by summing up the cash from operating, investing, and financing activities. In this case:
Cash from operating activities: $30,000
Cash from investing activities: -$15,000
Cash from financing activities: -$8,000
To find the year-end cash balance, add the cash flows from these three activities:
$30,000 + (-$15,000) + (-$8,000) = $30,000 - $15,000 - $8,000 = $15,000 - $8,000 = $7,000.
So, the year-end cash balance for this firm is $7,000.00.
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5. An example of nonstore retailing is the vending machine from which you purchased a soda.
Nonstore retailing refers to the sale of products or services through channels other than physical stores. This type of retailing has become increasingly popular with the rise of e-commerce and the availability of online platforms. Nonstore retailing can take many forms, including online stores, catalogs, direct mail, and vending machines.
Vending machines are a common example of nonstore retailing. They are automated machines that dispense products such as snacks, drinks, and other consumer goods. Vending machines can be found in various locations, including schools, airports, and office buildings.
One of the benefits of nonstore retailing is convenience. Vending machines allow customers to purchase products without the need for human interaction, which can be helpful in situations where there are no physical stores nearby or during off-hours. Additionally, vending machines can be used to sell niche products that may not be available in traditional retail stores.
In conclusion, the vending machine from which you purchased a soda is an excellent example of nonstore retailing. It is an automated machine that allows customers to purchase products conveniently without the need for human interaction. Nonstore retailing has become an essential part of the retail landscape, providing consumers with more options and convenience than ever before.
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The term used to refer to turnover in a firm's customer base is _____. a) Turnover b) Churn c) Attrition rate d) Turn ratio e) Defection rate.
The term used to refer to turnover in a firm's customer base is _____.
Answer: b) Churn
Churn is the percentage of customers who discontinue doing business with a company during a given time period. It is a key indicator for organisations to monitor and reduce in order to retain a steady client base and revenue.
Understanding your customer churn is critical for measuring the efficiency of your marketing initiatives and overall customer happiness. It is also easier and less expensive to keep existing consumers rather than acquire new ones. Because subscription business models are so prevalent, it's vital for many companies to understand where, how, and why their customers are leaving.
To calculate the proportion of revenue that has churned, take all of your monthly recurring revenue (MRR) at the start of the month and divide it by the monthly recurring revenue you lost that month — minus any upgrades or additional income from current customers. You don't want to include fresh sales in the month since you want to know how much total revenue you lost. Revenue gained from current clients is new revenue.
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Products that can be easily recycled generally create positive impressions among consumers. A, TrueB. False
A. True.
Products that can be easily recycled are becoming increasingly popular among consumers who are becoming more environmentally conscious.
A. True.
Products that can be easily recycled are becoming increasingly popular among consumers who are becoming more environmentally conscious. These "content loaded products" (products that are made from recycled materials) create positive impressions as they demonstrate a company's commitment to sustainability and reducing their environmental impact.
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An increase in the interest rate by the Federal Reserve will affect only real interest rates because: inflation is sticky in the short run. O of the quantity theory of money. O prices are flexible in the short and long runs. o we are in the long run. O contracts apply only in the very short run.
An increase in the interest rate by the Federal Reserve will affect both nominal and real interest rates. However, the impact on real interest rates may be more significant in the short run because inflation is typically sticky in the short run.
This means that it takes time for changes in interest rates to affect the overall price level, and in the short run, prices may not adjust as quickly as interest rates do. In the long run, however, prices tend to be more flexible and responsive to changes in interest rates. Overall, the Federal Reserve's decision to increase interest rates can have far-reaching effects on the economy, including influencing borrowing and lending behavior, investment decisions, and overall economic growth.
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using films of worker’s activities to identify areas for improvement, is the essential description of whose work?
Using films of worker’s activities to identify areas for improvement, is the essential description of Frank and Lillian Gilbreth's work.
Describe the Frank and Lillian Gilbreth hypothesis.Fundamentally, according to Frank and Lillian, a productive workplace depends on employees who are happy and healthy. Finding a technique for optimization that would increase sales without jeopardizing employee health, safety, or happiness was given top priority.Frank (1868–1924) and Lillian Gilbreth (1878–1972) brought together two of the major schools of management thought from the previous century. On the one side, they continued Frederick Winslow Taylor's groundbreaking time and motion investigations, and on the other, they created the field of organizational psychology.In order to alleviate weariness and improve employee productivity, these publications argued that improved ergonomic working conditions were necessary.For more information on Frank and Lillian Gilbreth hypothesis kindly visit to
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does the adaptive leadership approach work well in every situation? in a stable and profitable company, with no environmental stressors, would this still be a useful approach for a leader to use?
The adaptive leadership approach may not be necessary in every situation, particularly in stable and profitable companies with no environmental stressors. This approach is designed to help leaders navigate complex and uncertain situations, where there are often conflicting interests and limited resources.
In a stable environment, leaders may be better served by using a more traditional leadership approach that focuses on maintaining the status quo and achieving incremental improvements. However, it's important to note that even in a stable environment, a leader may need to be adaptive if there are changes on the horizon or if new challenges emerge. Ultimately, the best approach for a leader will depend on the specific context and situation they are facing.
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Which data storage or software tool is used to unify vast amounts of raw data of all types from across an organization?A) Data warehouseB) Master data management (MDM)C) Data lakeD) Database
Data lake data storage or software tool is used to unify vast amounts of raw data of all types from across an organization. The answer is OPTION C.
Large amounts of organized, semi-structured, and unstructured data can be stored, processed, and secured using a data lake, which is a centralized repository. It can process any type of data, regardless of its variety or magnitude, and save it in its original format.
Any tools or data management techniques that are not data warehouses may be included, as well as a specific implementation technology, a raw data reservoir, a hub for ETL offload, or a central hub for self-service analytics. The most recent data needed to fuel an application is kept in a database. The answer is OPTION C.
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4.) Influencer marketing is a common application of observational learning.
True
False
The statement "Influencer marketing is a common application of observational learning" is true.
Influencer marketing refers to the practice of leveraging individuals with large followings on social media platforms to promote products or services. Observational learning, a type of social learning, occurs when people learn by watching and imitating others' actions.
In the context of influencer marketing, consumers observe influencers using or endorsing a product and may be more inclined to purchase it themselves based on this observation. Influencers serve as role models, and their followers often trust their opinions and recommendations.
By observing the influencer's behavior and the positive outcome they experience from using a product, consumers learn to associate the product with success or satisfaction, and are more likely to make a purchase as a result. Overall, influencer marketing relies heavily on the principles of observational learning to drive consumer behavior.
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Which legislation led to the establishment of the Public Company Accounting Oversight Board? a. Private Securities Litigation Reform Act b. Sarbanes-Oxley Act c. Gramm-Leach-Bliley Act
d. Glass-Steagall Act
The legislation that led to the establishment of the Public Company Accounting Oversight Board (PCAOB) is the Sarbanes-Oxley Act. Option b is answer.
The PCAOB was created as a result of the Sarbanes-Oxley Act of 2002, which was passed in response to several accounting scandals that occurred in the early 2000s, including the Enron and WorldCom scandals. The PCAOB is responsible for overseeing the audits of public companies and protecting the interests of investors by promoting informative, accurate, and independent audit reports.
Option b is answer.
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a typical manufacturing overhead cost would be question content area bottom part 1 a. direct materials. b. depreciation on the plant. c. direct labor. d. net income.
B. "Depreciation on the plant" is a typical manufacturing overhead cost.
Manufacturing overhead costs are indirect costs that are not directly traceable to a specific product or job. They include costs such as rent, utilities, maintenance, and depreciation on the plant and equipment. Depreciation on the plant is an example of a manufacturing overhead cost because it is a non-cash expense that represents the wear and tear on the plant and equipment over time. It is not directly related to the production of a specific product, but it is necessary for the production process to occur.
Option B is answer.
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McLoyd Company completed the salary and wage payroll for March 2013. The payroll provided the following details:
Salaries and wages earned $ 410,000
Employee income taxes withheld 37,925
FICA taxes withheld 29,315
Unemployment taxes 2,850
1. Considering both employee and employer payroll taxes, use the preceding information to calculate the total labor cost for the company.
2. Prepare the journal entry to record the payroll for March, including employee deductions (but excluding employer payroll taxes). Employees were paid in March but amounts withheld were not yet remitted.
3. Prepare the journal entry to record the employer
1. Total labor cost = $509,405. 2. To record the salaries and wages earned by employees, as well as the employee income taxes and FICA taxes withheld from their paychecks, and to record the amount owed to employees for the month of March.
1.The total labor cost for the company can be calculated as follows:
Salaries and wages earned = $410,000
Employee income taxes withheld = $37,925
FICA taxes withheld = $29,315
Unemployment taxes = $2,850
Employee payroll taxes = $37,925 + $29,315 = $67,240
Employer payroll taxes = $29,315 + $2,850 = $32,165
Total labor cost = Salaries and wages earned + Employee payroll taxes + Employer payroll taxes
Total labor cost = $410,000 + $67,240 + $32,165
Total labor cost = $509,405
2. The journal entry to record the payroll for March, including employee deductions (but excluding employer payroll taxes) would be:
Salaries and Wages Expense $410,000
Employee Income Taxes Payable $37,925
FICA Taxes Payable $29,315
Wages Payable $342,760
To record the salaries and wages earned by employees, as well as the employee income taxes and FICA taxes withheld from their paychecks, and to record the amount owed to employees for the month of March.
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In order for you to trust and use an economic model, it must make specific predictions that are also:
a. Consistent with reality
b. Consistent with reality and testable/verifiable
c. Perfectly predicting reality and testable/verifiable
d. Testable/verifiable
In order for you to trust and use an economic model, it must make specific predictions that are also Consistent with reality and testable/verifiable. Option b is correct.
For an economic model to be trustworthy and useful, it must be based on sound assumptions and logic and must make specific predictions that are consistent with reality. However, it is not enough for the predictions to be consistent with reality alone. The predictions must also be testable and verifiable through empirical evidence.
In other words, the predictions made by an economic model must be capable of being tested against real-world data and observations, and the results of those tests should either support or contradict the model's predictions. This helps to establish the accuracy and reliability of the model and its predictions and enables economists to refine and improve the model over time.
Therefore, option b - "Consistent with reality and testable/verifiable" - is the correct answer.
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1.CE.32 E Indicate whether the data are time series or cross-sectional Number of cars sold by a dealership in each month of 2015. Choose the correct answer below. O A. The data are cross-sectional because the data are taken from situations that vary over time but are measured at a single time instant. OB. The data are time series because the data are taken from situations that vary over time but are measured at a single time instant C. The data are cross-sectional because the data are measured over time at random intervals. OD. The data are time series because the data are measured over time at regular intervals.
The correct answer is A,the data are time series because the data are measured over time at regular intervals.A cross-sectional study is a type of research design in which you collect data from many different individuals at a single point in time. In cross-sectional research, you observe variables without influencing them.
The data are cross-sectional because the number of cars sold by a dealership is measured at a single time instant (each month of 2015) and does not involve measuring the same dealership's sales over a period of time. "Random" is not applicable to this question as it refers to the method of selecting a sample in a study, rather than the nature of the data being collected.A cross-sectional study is a type of research design in which you collect data from many different individuals at a single point in time. In cross-sectional research, you observe variables without influencing them.Researchers in economics, psychology, medicine, epidemiology, and the other social sciences all make use of cross-sectional studies in their work. For example, epidemiologists who are interested in the current prevalence of a disease in a certain subset of the population might use a cross-sectional design to gather and analyze the relevant data.
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the marketing concept has three parts: (1) a consumer orientation, (2) a service orientation, and (3) an advertising orientation.
Concentrate your efforts on the products and services that will bring in the most money, allowing your company to continue operating, and allow you to grow and meet additional customer demands.
The marketing concept is what?The marketing concept entails using marketing data to concentrate on client needs and desires in order to create marketing strategies that not only meet those demands but also help the organisation reach its objectives.
A marketing concept example is what?For instance, the telecommunication industry develops a marketing plan to entice and encourage customers to use their calls, messages, and internet bundles. Once users start making use of the service, they encourage them to rate it by giving it stars.
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the idea that a consumer is limited to selecting a bundle of goods that is affordable is captured by the multiple choice indifference curve. price changes. consumer equilibrium. budget constraint.
The idea that a consumer is limited to selecting a bundle of goods that is affordable is captured by the "budget constraint" (option d).
The budget constraint shows the various combinations of two goods that a consumer can purchase with a given income and prices of the two goods. It represents the consumer's budget or affordability constraint, as the consumer must choose a combination of goods that is affordable within the given budget.
The budget constraint is often graphed as a straight line, and the set of all possible combinations of goods that the consumer can afford is called the budget set. The consumer's optimal choice of goods is then determined by finding the point on the budget constraint that maximizes the consumer's utility or satisfaction.
Option d is answer.
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The idea that a consumer is limited to selecting a bundle of goods that is affordable is captured by the "budget constraint" (option d).
The budget constraint shows the various combinations of two goods that a consumer can purchase with a given income and prices of the two goods. It represents the consumer's budget or affordability constraint, as the consumer must choose a combination of goods that is affordable within the given budget.
The budget constraint is often graphed as a straight line, and the set of all possible combinations of goods that the consumer can afford is called the budget set. The consumer's optimal choice of goods is then determined by finding the point on the budget constraint that maximizes the consumer's utility or satisfaction.
Option d is answer.
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Assume the following: Cash Flow From Assets = Minus $15; Inerest payments = $5; Dividends paid = $7; and the firm borrowed an additional $10. This firm _____ stock in the amount of _____.Question content area bottomPart 1A. repurchased; $7B. sold; $37C. repurchased; $37D. sold; $17
The firm sold stock in the amount of $17 to raise the additional funds it borrowed. The answer is D. sold; $17
To determine the answer, we need to use the cash flow identity, which states that:
Cash Flow From Assets = Cash Flow To Creditors + Cash Flow To Stockholders
We are given:
Cash Flow From Assets = -$15
Cash Flow To Creditors (Interest payments) = $5
Cash Flow To Stockholders (Dividends paid - Net new borrowing) = $7 - $10 = -$3 (since the firm borrowed more than it paid in dividends)
Substituting these values into the cash flow identity, we get:
-$15 = $5 + (-$3) + Cash Flow To Stockholders
Solving for Cash Flow To Stockholders, we get:
Cash Flow To Stockholders = -$17
This means the firm sold stock in the amount of $17 to raise the additional funds it borrowed. Therefore, the answer is D. sold; $17.
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an incurred cost including an actual payments is called explicit ООО implicit positive expressed
An incurred cost that includes an actual payment is called an explicit cost. The correct answer is explicit, which is option A.
Explicit costs are the actual costs that a company or individual pays out in cash or other tangible assets. These costs are typically associated with expenses like salaries, rent, utilities, and materials.
Explicit costs are easily identifiable and can be easily traced back to a specific transaction or activity. They are usually accounted for in financial statements and are tax-deductible in many cases.
On the other hand, implicit costs are the opportunity costs of using resources that have alternative uses. These costs are not recorded in a company's financial statements, but they still have an impact on the decision-making process. An example of an implicit cost could be the forgone income from choosing to attend college instead of working.
The correct answer is explicit. Which is option A.
An incurred cost including an actual payments is called
A. explicit
B. implicit
C. positive
D. expressed
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mcq a strategic vision offers minimal value to the organization unless its effectively communicated to lower level managers and employee a. true b. false
a strategic vision offers minimal value to the organization unless its effectively communicated to lower level managers and employee .True.
A strategic vision provides direction and purpose to the organization. However, it will not have any value unless it is effectively communicated to the lower-level managers and employees who are responsible for implementing it. If the vision is not communicated properly, it will not be understood, and the employees will not know how to align their work with the company's goals. Therefore, effective communication of the strategic vision is critical to its success and realization of its benefits.
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Large barriers to entry in the gas station business explain why the two only gas stations in a small town? a. can earn an economic profit in the long run.
b. must produce at the minimum average total cost in the long run. c. have no fixed costs in the long run must produce a level of output such that MR - MC to maximize their profit.
The gas station business is known to have large barriers to entry due to high fixed costs involved in setting up and operating a gas station.
These costs include land acquisition, construction, equipment, and regulatory requirements, making it difficult for new entrants to enter the market. As a result, in a small town, it is not uncommon for only two gas stations to be present.
In such a scenario, the existing gas stations can earn an economic profit in the long run due to the lack of competition. Economic profit refers to the revenue earned over and above the opportunity cost of the resources used in production. In the absence of competition, the existing gas stations can charge a higher price for their products, generating a profit.
However, in the long run, the existing gas stations must produce at the minimum average total cost to stay profitable. Average total cost (ATC) refers to the total cost of production per unit of output. The existing gas stations must operate efficiently and produce at the minimum ATC to remain competitive and attract customers.
Lastly, the existing gas stations must produce a level of output such that their marginal revenue (MR) equals their marginal cost (MC) to maximize their profit. Marginal revenue refers to the additional revenue earned by producing one more unit of output, while marginal cost refers to the additional cost incurred in producing one more unit of output. The existing gas stations must find the balance between the two to ensure that they are maximizing their profit.
In conclusion, the large barriers to entry in the gas station business explain why only two gas stations may exist in a small town. The existing gas stations can earn an economic profit in the long run, but they must also produce at the minimum ATC and find the optimal level of output to maximize their profit.
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consider a fish vendor selling salmon in a competitive market. a single fish vendor will be able to sell his salmon at a higher price than his competitors and affect the market price of fish. True or False?
Answer:
true
Explanation:
the griggs case established the principle that employment selection practices must be related to job success. T/F
The following statement "the griggs case established the principle that employment selection practices must be related to job success" is absolutely True.
The Griggs case, decided by the US Supreme Court in 1971, established the principle of "job-relatedness" in employment selection practices, meaning that such practices must be related to job success and cannot unfairly discriminate against protected groups under Title VII of the Civil Rights Act.
True, the Griggs v. Duke Power Co. case established the principle that employment selection practices must be related to job success, ensuring that they are not discriminatory and are based on a candidate's ability to perform the job effectively.
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if management wanted to start tracking the date the entire project was closed, which table should the field be added to?
Records (rows) and fields (columns) make up a table. Data kinds contained in fields include text, integers, dates, and hyperlinks, as well as others. Just so you know: contains specific information, such as details regarding a particular employee or product. Select View from the Home menu, then select Datasheet View from the set of views.
On the Fields tab, under the Add & Delete group, select More Fields. Select a field from the More Fields list to enter the new column into. Access places the field next to the column where your cursor is now located. In computer jargon, rows are referred to as records, whereas columns are called fields. There are rows and columns in a table.
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inventory levels can sometimes help a firm reduce both its inbound and outbound transportation costs. True or False ?
True. By maintaining appropriate inventory levels, a firm can reduce the frequency of transportation required to move goods in and out of the facility.
This can result in lower transportation costs for the company. For example, having a higher inventory level of raw materials on hand may reduce the frequency of inbound transportation needed to restock the materials. Similarly, having a higher inventory level of finished goods can reduce the frequency of outbound transportation needed to deliver products to customers.
True. Inventory levels can sometimes help a firm reduce both its inbound and outbound transportation costs. By managing inventory efficiently, a firm can optimize transportation by consolidating shipments, reducing the number of trips, and selecting the most cost-effective transportation methods. This can lead to savings in both inbound (incoming materials) and outbound (finished goods) transportation costs.
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