When the topic of commissions was brought up, the agents started comparing their commission fees. Betty should warn her pals that this might be against the Sherman Antitrust Act.
A federal law called as the Sherman Antitrust Act of 1890 forbids actions that restrict interstate trade and market competition. Any agreement, plot, or alliance of commercial interests that restricts international or intrastate trade is forbidden. Every "monopolization, attempted monopolies, conspiracy, or combine to monopolize" is prohibited by the Sherman Act, and so is "any contract, combination, or conspiracy in interference with trade." The United States Congress passed the Sherman Antitrust Act in order to outlaw cartels, monopolies, and trusts. Its goals were to regulate intrastate commerce and advance economic fairness and competition. In 1890, it was sponsored and approved by Ohio U.s. Senator Sherman.
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lagstaff company has budgeted production units of 9,100 for july and 9,300 for august. the direct materials requirement per unit is 2 ounces (oz.). the company has determined that it wants to have safety stock of direct materials on hand at the end of each month to complete 20% of the units of budgeted production in the following month. there was 3,640 ounces of direct material in inventory at the start of july. the total cost of direct materials purchases for the july direct materials budget, assuming the materials cost $1.15 per ounce, is:
The total cost of direct materials purchases for the july direct materials budget, assuming the materials cost $1.15 per ounce, is calculated to be $7,074.
First, we need to calculate the total direct materials required for production in July and August, including the safety stock:
July direct materials required = 9,100 x 2 oz. x 1.2 = 21,840 oz.
August direct materials required = 9,300 x 2 oz. x 1.2 = 22,320 oz.
Next, we need to calculate the direct materials to be on hand at the end of each month:
July direct materials on hand = 21,840 oz. - (9,300 x 2 oz. x 0.2) = 19,320 oz.
August direct materials on hand = 22,320 oz. - (9,100 x 2 oz. x 0.2) = 20,320 oz.
Finally, we can calculate the direct materials to be purchased in July:
Direct materials to be purchased in July = July direct materials required - July direct materials on hand + direct materials in inventory at the start of July
Direct materials to be purchased in July = 21,840 oz. - 19,320 oz. + 3,640 oz. = 6,160 oz.
The total cost of direct materials purchases for July is:
Cost = Direct materials purchased x Cost per ounce = 6,160 oz. x $1.15/oz. = $7,074.
Therefore, the total cost of direct materials purchases for the July direct materials budget is $7,074.
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a product sells for $205 per unit, and its variable costs per unit are $134. total fixed costs are $421,000. if the firm wants to earn $41,210 pretax income, how many units must be sold? monthunits sold cost of salesjanuary460 $33,400february860 $40,000march1,900 $52,000april2,700 $64,000using the high-low method, the estimated variable cost of sales per unit sold is: monthunits sold cost of salesjanuary580 $27,800february720 $33,000march1,200 $45,000april2,580 $57,000using the high-low method, the estimated total fixed cost is:
Answer:
Hello jones, in order for us to determine the number of units that must be sold to earn a pretax income of $41,210, we can use the following formula. . .
Pretax Income = (Price per unit x Units sold) - (Variable cost per unit x Units sold) - Told Fixed Costs
Plugging in our given values. . .
$41,210 = ($205 x Units sold) - ($134 x Units sold) - $421,000
By simplifying the equation, we get. . .
$41,210 = $71 x Units sold - $421,000
$462,210 = $71 x Units sold
Units sold = 6,518.31
If we round up to the nearest whole number, the firm must sell 6,519 units in order to earn a pretax income of $41,210.
----
To estimate the variable cost of sales per unit sold using the high-low method, we can use the formula:
Variable cost per unit = (Cost at highest activity level - Cost at lowest activity level) / (Units produced at highest activity level - Units produced at lowest activity level)
Let's use the data from January and April to calculate the variable cost per unit:
Variable cost per unit = ($57,000 - $27,800) / (2,580 - 580)
Variable cost per unit = $29,200 / 2,000
Variable cost per unit = $14.60
Therefore, the estimated variable cost of sales per unit sold is $14.60.
---
To estimate the total fixed cost using the high-low method, we can use the formula:
Total fixed cost = Total cost - (Variable cost per unit x Units produced)
Let's use the data from January and April to calculate the total cost at the highest and lowest activity levels:
Total cost at highest activity level = $64,000 + $57,000 = $121,000
Total cost at lowest activity level = $33,400 + $27,800 = $61,200
Using the variable cost per unit we calculated earlier, we can now estimate the total fixed cost:
Total fixed cost = $61,200 - ($14.60 x 580)
Total fixed cost = $52,200
Therefore, the estimated total fixed cost is $52,200.
The estimated total fixed cost using high-low method through calculation is as follows- $52,200
Profit before tax is calculated as follows:
(unit price x number of sales) - (variable unit price x number of sales) - above fixed costs
($205 x number sold) = $41,210 - ($134 x number sold) - $421,000
The company needs to sell 6,519 units to achieve a pre-tax profit of $41,210,
so Units sold = 6,518.31 = 6519.
To calculate variable cost of goods sold per unit
The formula for calculating variable cost per unit is:
(Cost given at highest activity level - Cost at lowest activity level) / (Units produced at highest activity level - Units produced at lowest activity level).
($57,000 - $27,800) / (2,580 - 580) is the variable cost per unit.
$14.60 is the variable cost per unit.
Calculate total fixed costs
Total Cost - (Variable Unit Price x Number of Units Produced) equals Total Cost. The total cost at the highest activity level is $64,000 plus $57,000, equivalent to $121,000.
The total cost for the lowest activity level is $61,200 ($33,400 + $27,800).
$61,200 - ($14.60 x 580) = Total Fixed Costs
$52,200 is the total fixed cost.
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a bike manufacturer is selling a new style of bike. the manufacturer provides consumers with two different purchasing options. the first option is the bike alone. the second option includes the bike, along with a water bottle, a water bottle holder, and a basket. what pricing strategy is this company using with the second option?
The pricing strategy that the bike manufacturer is using with the second option is bundling.
Bundling is a pricing strategy where a company offers several complementary products or services for sale as a single combined package.
In this case, the bike manufacturer is offering two different purchasing options. The first option is the bike alone, while the second option includes the bike along with additional accessories such as a water bottle, a water bottle holder, and a basket. By offering these additional items as part of a bundle, the manufacturer is able to provide added value to consumers and potentially increase sales.
Bundling can be an effective pricing strategy for companies because it allows them to offer consumers a more complete solution at a discounted price. This can increase customer satisfaction and loyalty, and can also help to differentiate the company’s products from those of its competitors.
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the current mission of which one of the six parts of the financial system involves serving the public at large?
Central banks have a mission to serve the public at large by promoting monetary and financial stability, which helps to support economic growth and improve the standard of living for all citizens.
Money, financial tools, financial markets, financial organizations, regulatory bodies, and central banks are the six major components of the financial system.
Central banks are responsible for implementing monetary policy and promoting financial stability. They play a crucial role in managing a country’s money supply and interest rates, and in regulating the banking system. Central banks also often have the mandate to promote full employment and price stability.
One of the ways central banks serve the public is by managing inflation and keeping it at a low and stable level. This helps to preserve the purchasing power of money and support economic growth. Central banks also play a key role in promoting financial stability by supervising and regulating banks and other financial institutions, and by acting as a lender of last resort during times of financial crisis.
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crossfade corp. has a bond with a par value of $2,000 that sells for $2,040.74. the bond has a coupon rate of 6.66 percent and matures in 18 years. if the bond makes semiannual coupon payments, what is the ytm of the bond?
Solving for I/Y, we find that the YTM of the bond is approximately 3.01%. Therefore, an investor who buys this bond and holds it to maturity can expect to earn a yield of 3.01% per year, assuming that the issuer does not default on the bond.
To calculate the yield to maturity (YTM) of a bond, we need to solve for the discount rate that equates the present value of the bond's future cash flows (coupon payments and par value) to its current market price.
In this case, the bond has a par value of $2,000, a coupon rate of 6.66% (or 0.0666 as a decimal), semiannual coupon payments, and matures in 18 years. The market price of the bond is $2,040.74.
To solve for the YTM, we can use a financial calculator or spreadsheet software, or we can use trial and error by guessing different discount rates until we find the one that makes the present value of the bond's cash flows equal to the market price.
Using a financial calculator or spreadsheet, we can input the following variables:
N = 36 (since there are 2 coupon payments per year for 18 years)
I/Y = ? (the yield to maturity that we want to solve for)
PMT = $66.60 (since the bond has a 6.66% coupon rate and a par value of $2,000, the semiannual coupon payment is $2,000 x 0.0666 / 2 = $66.60)
FV = $2,000 (since the bond will pay its par value at maturity)
PV = -$2,040.74 (since the bond currently sells for a premium above its par value)
Solving for I/Y, we find that the YTM of the bond is approximately 3.01%.
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economic rent is select one: a. the amount people pay for an apartment in a perfectly competitive market. b. the difference between the payment made to the owner of a factor of production and the owner's reservation price. c. sometimes higher and sometimes lower than the owner's reservation price. d. the payment made to the owner of a factor of production, which is usually equal to the owner's reservation price.
Economic rent is the difference between the payment made to the owner of a factor of production and the owner's reservation price. The correct answer is B)
Economic rent refers to the amount of income earned by a factor of production that exceeds its reservation price or opportunity cost. In other words, economic rent is the surplus earned by a factor of production over and above what it would need to stay in its current use or to remain in the market.
For example, if a landlord charges $1,500 per month for an apartment that could be rented out for $1,000 per month, the economic rent earned by the landlord would be $500 per month. This is because the landlord is earning a surplus over and above what is needed to keep the apartment in the market.
Economic rent can also apply to other factors of production, such as land, labor, and capital. The owner of a factor of production earns economic rent when they are paid more than their reservation price or opportunity cost, which is the amount they would need to be paid to remain in their current use.
The correct answer is B)
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a(n) is a grouping of businesses that interact in a common environment as part of a value chain or distribution channel for a particular good.
A "value chain" or "distribution channel" is a term used to describe the sequence of activities involved in the production, distribution, and sale of a product or service.
A "value chain" typically includes all the activities that add value to a product or service, from the initial production of raw materials to the final delivery to customers. A "distribution channel" refers to the set of intermediaries, such as wholesalers, retailers, and agents, through which a product or service passes on its way from the manufacturer to the end consumer.
The term you are asking about is "value chain" or "distribution channel," not "a(n)." A possible sentence that uses the term correctly would be:
"A value chain is a grouping of businesses that interact in a common environment, participating in various activities to add value to a product or service before it reaches the end consumer."
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the smith family owns 200 shares of elta stock. the company declared a 5% stock dividend. the smiths now own: group of answer choices 410 shares. 210 shares. 420 shares. 205 shares. 200 shares.
The Smith family owns 200 shares of Eta stock. the company declared a 5% stock dividend. then the smiths now own 210 shares
When the company distributes some additional shares to existing shares for shareholders that are known as a Dividend. When the company declared a 5% stock dividend, which means that for every 20 shares shareholders will receive one additional share.
Given data:
Number of shares the Smith family owns in Elta stock = 200
stock dividend = 5%
=200/20
= 10 additional shares.
After the stock dividend, the Smith family will receive 10 additional shares and now they own a total of 210 shares
Therefore, the answer is: 210 shares
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martin began saving $5,000 per year from age 25 to age 35 (ten years) and then invested the funds for another 30 years. bob began saving at age 35 and saved $5,000 each year until he tired at age 65 (30 years. ) what rate of return will martin and bob have the exact same balance at age 65
Martin and Bob will calculated to have the same balance at age 65 if they both earn an annual interest rate of 8.24%.
To find the rate of return at which Martin and Bob will have the same balance at age 65, we can use the future value formula for a lump sum investment:
FV = PV x (1 + r)ⁿ
where FV is the future value, PV is the present value, r is the annual interest rate, and n is the number of years.
For Martin, the present value (PV) is the total amount he saved in the first 10 years, which is:
PV = 10 x $5,000 = $50,000
We can calculate the future value of Martin's investment after 30 years using the formula:
investment = $50,000 x (1 + r)³⁰
For Bob, the present value is the total amount he saved over 30 years, which is:
PV = 30 x $5,000 = $150,000
We can calculate the future value of Bob's investment using the same formula:
investment = $150,000 x (1 + r)³⁰
To find the rate of return (r) at which Martin and Bob will have the same balance at age 65, we can set investments of both and solve for r:
$50,000 x (1 + r)³⁰ = $150,000 x (1 + r)⁰
Simplifying this equation, we get:
(1 + r)³⁰ = 3
Taking the 30th root of both sides, we get:
1 + r = 1.0824
Subtracting 1 from both sides, we get:
r = 0.0824 = 8.24%
Therefore, Martin and Bob will have the same balance at age 65 if they both earn an annual interest rate of 8.24%.
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tudy the mini-case on pages 270 - 71. here is a leader who took charge of her destiny. read questions 1 and 2 . i'm sure you now have a very favorable view of andra rush as leader. now for the bad news - within the last year, rush trucking was sold and shut down, an apparent victim of continued driver shortages due to covid. keeping in mind that a leader's job is to execute a vision and also support employees, what do you think of andra rush's leadership during this period? does it diminish her legacy?
Andra Rush's leadership during the pandemic should not necessarily diminish her legacy. Her actions as a leader during this period may have demonstrated adaptability, resilience, and genuine concern for her employees.
In the mini-case study on pages 270-71, Andra Rush demonstrates strong leadership qualities by taking charge of her destiny. After reading questions 1 and 2, it is evident that she has earned a favorable view as a leader. However, within the last year, Rush Trucking was sold and shut down due to continued driver shortages caused by COVID.
Considering that a leader's job is to execute a vision and support employees, let's evaluate Andra Rush's leadership during this period and whether it diminishes her legacy.
During this challenging time, Andra Rush's leadership was likely tested as she faced the difficult decision to sell and shut down Rush Trucking. The circumstances surrounding this decision were beyond her control as the pandemic affected various industries, including trucking.
It is essential to recognize that leadership often involves making tough choices, especially when unforeseen events impact the organization.While it may seem that the shutdown of Rush Trucking could diminish Andra Rush's legacy, it is essential to consider the broader context of her achievements and the impact she made on the industry.
As a leader, she may have taken every possible action to support her employees during this trying period, such as exploring alternative revenue sources or even negotiating favorable severance packages for her staff. Her leadership may have been instrumental in cushioning the blow for her employees and maintaining a supportive environment, despite the difficult circumstances.
In conclusion, Andra Rush's leadership during the pandemic should not necessarily diminish her legacy. Her actions as a leader during this period may have demonstrated adaptability, resilience, and genuine concern for her employees. Although the shutdown of Rush Trucking was unfortunate, it is crucial to evaluate her leadership based on her overall contributions and her ability to navigate through challenging situations.
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cloud kicks (ck) is partnering with a used shoe store and second-hand bicycle emporium. ck has an automated business process it wants to run once a week to count the number of open cases related to an account. how should the administrator recommend automating this business process?
The administrator should recommend using a workflow rule in the cloud-based CRM system to automate the weekly counting of open cases related to the account.
The job should be programmed to query the database of open cases related to the account and count the number of cases that meet the criteria. The results of the query should be emailed or posted to a dashboard so that CK and the used shoe store can see the results.
Using a scheduled or batch job to automate the process will ensure that it runs regularly and accurately without requiring manual intervention. This will save time and effort for both CK and the used shoe store.
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which project management tool/method is suggested to determine the customer's opinion of a project being time or resource constrained? multiple choice question.
Project priority matrix is suggested to determine the customer's opinion of a project being time or resource constrained. The answer is OPTION B
Working on the issues that are most important to the project's partners is done in a structured manner using the project priority matrix. A prioritization matrix is a straightforward tool that offers a way to rank a wide range of items according to significance.
A priority matrix is one of the most crucial tools you can use to help you consider these considerations and choose which tasks and projects to finish first. This model can help your productivity and execution go from efficient to extraordinary by providing a clear method to map out objectives. The answer is OPTION B
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a bankruptcy trustee can avoid fraudulent transfers or obligations if they were made within two years prior to the filing of the petition for bankruptcy or were made with actual intent to delay a creditor. group of answer choices true false
The given statement is true because a bankruptcy trustee can avoid fraudulent transfers or obligations if they were made within two years prior to the filing of the petition for bankruptcy or were made with actual intent to delay a creditor.
Bankruptcy is a legal process in which an individual, company, or entity who is unable to pay their outstanding debts to creditors files a petition in court to declare bankruptcy. When a debtor files for bankruptcy, it is usually because they have been unable to pay their debts for some time and have been threatened with legal action by their creditors. This declaration can help the debtor clear their debts or restructure them to pay them back over time.
A fraudulent transfer is when a debtor attempts to transfer their assets to another person or entity to prevent the assets from being taken by the creditor during a bankruptcy. A fraudulent transfer is considered a deliberate attempt by the debtor to hide their assets from their creditors.
The trustee is responsible for handling fraudulent transfers during bankruptcy. The trustee may avoid any transfer of property that was made within two years of the bankruptcy filing and was made with the intent of delaying a creditor.
This means that the trustee has the power to reverse the transfer and bring the property back into the bankruptcy estate to be used to pay the creditors. If a creditor believes that a debtor has engaged in a fraudulent transfer, they may file a motion with the court to have the transfer avoided.
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investments in are debt securities for which the company has the positive intent and ability to hold until maturity, which is not the same as the absence of an intent to sell. a.available-for-sale securities b.held-to-maturity securities c.marketable securities d.trading securities
If investments in are debt securities for which the company has the positive intent and ability to hold until maturity, then the one that is not the same as the absence of an intent to sell is held-to-maturity securities (option b).
There are several types of debt securities, including available-for-sale securities, held-to-maturity securities, marketable securities, and trading securities. In this case, we'll focus on the differences between held-to-maturity and available-for-sale securities.
Held-to-maturity securities are investments that the company intends to hold until maturity.
The company expects to receive the income from the interest payments and principal repayment, and this income is typically recorded as a steady source of revenue on the company's balance sheet.
In summary, held-to-maturity securities are investments that the company intends to hold until maturity, whereas available-for-sale securities are investments that the company may hold for an extended period but with the option to sell if necessary.
So, the right choice is option (b).
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when looking at the company's sales figures, marta sees that her salespeople have not achieved high sales in japan. she is at what stage in the managerial decision-making process?
When looking at the company's sales figures, Marta sees that her salespeople have not achieved high sales in Japan. She is in the phase of analyzing the situation in the managerial decision-making process.
The managerial decision-making process is a set of steps that business managers use to make informed decisions about the best course of action to follow. It begins with recognizing a problem or opportunity and finishes with the implementation of the chosen alternative, with monitoring and follow-up to ensure that the solution meets the anticipated objectives.Marta's situation is clearly a concern. The first step is to recognize that there is a problem or an opportunity.
When she looked at the company's sales figures, she realized that the salespeople had not accomplished high sales in Japan. So, she's in the analysis stage. During this period, Marta will assess the data, which entails collecting information, inspecting it, and drawing conclusions to determine what the problem is and what options she has for solving it. After she has assessed the information, she will begin to think about the next stage, which is the decision-making phase, where she will consider alternatives and determine which one to pursue.
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n organization whose hr system is aligned with its structure and culture is said to have multiple choice hr practices. external fit. talent management. internal fit.
An organisation is said to have external fit if its HR system matches both its structure and culture.
Activities that the organisation develops to react to the external environment are referred to as having an external fit. Internal fit is mainly concerned with how organisational and HRM systems interact within the company. The term "external fit" refers to the actions, capacities, and plans that an organisation creates to adapt to its external environment, which includes clients, rivals, and other outside forces.
When the organisational structure, technology, and human resource management systems are in sync, this is known as internal fit. All of the organization's internal components work in harmony and support one another to create internal fit.
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which of the following correctly explain why the te curve is upward sloping because the consumption function is upward sloping? check all that apply. keynes assumed that as consumption increases, disposable income decreases. keynes assumed that as disposable income changes, consumption changes in the same direction but by less. keynes assumed that consumption and disposable income move in the same direction, but consumption changes by more. keynes assumed that as consumption decreases, disposable income increases.
None of the options provided correctly explain why the TE (Total Expenditure) curve is upward sloping.
Because of the multiplier effect in Keynesian economics, the TE curve has an upward slope. The multiplier effect postulates that changes to autonomous expenditures (like investment or government spending) will have multiplied effects on overall expenditures and ultimately on the level of output in the economy. An upward sloping TE curve results from an increase in autonomous expenditures, which also causes an increase in total expenditures and a leveling off of output.
A crucial aspect of Keynesian economics is the consumption function, which connects consumption to disposable income, but it is not the only explanation for the upward-sloping TE curve. Changes in consumption do impact the economy's level of output, but the multiplier
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can you put 0 for as of today, what is your parents' total current balance of cash, savings, and checking accounts?
When filling out the FAFSA, you must accurately record your parents' total current cash, savings, and checking account balances.
The value of any businesses owned by your parents. Investments. This includes all securities that YOU own, such as stocks, bonds, mutual funds, and certificates of deposit (CDs).
The total assets of your folks' ongoing speculations are the sum left over in the wake of deducting the obligation from the worth of every venture. Ventures incorporated however are not restricted to the accompanying: Real estate. The FAFSA's question 89 is this one. The response shows the total net worth of the student's parents' current investments as of the day the FAFSA was completed (current value minus debt).
Americans believe that a person is wealthy if they have an average net worth of $2.2 million, according to Schwab's 2022 Modern Wealth Survey (opens in new tab). Your net worth is the difference between your assets and liabilities.)
Bernard Arnault, CEO and chairman of LVMH of France will be the world's richest man on April 1, 2023; He is valued at close to $226 billion. He rose to the top of the list after Elon Musk's fortune plummeted in late 2022 as Tesla shares fell.
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a borrower has secured a 30-year, $150,000 loan at 7% with monthly payments. fifteen years later, the borrower has the opportunity to refinance the loan with a fifteen-year mortgage at 6%. however, the upfront fees, which will be paid in cash are $3,125. what is the return on investment if the borrower expects to remain in the loan for the next fifteen years?
A borrower has secured a 30-year, $150,000 loan at 7% with monthly payments. fifteen years later, the borrower has the opportunity to refinance the loan with a fifteen-year mortgage at 6%. however, the upfront fees, which will be paid in cash are $3,125. The return on investment if the borrower expects to remain in the loan for the next fifteen years is 0.001184 or 0.1184%.
The return on investment (ROI) if the borrower expects to remain in the loan for the next fifteen years would be 0.001184 or 0.1184%.
Present Value of the Loan = PV = $150,000
Interest Rate per period on initial loan = R = 7%/12 = 0.00583
Period of initial loan = N = 15*12 = 180
Payment per period on initial loan = PMT = $1,048.57
Interest rate per period on the refinanced loan
= 6%/12 = 0.0050Period of refinanced loan = 15*12 = 180
Payment per period on refinanced loan = PMT Refinance Cost
= FC = $3,125
Future Value of the initial loan after 15 years
= FV = PV*(1+R)^N-PMT/R = $79,141.35
The Future value of the loan after refinancing
= PV*(1+R)^N-PMTR*(1+R)^N-PMT/R
= $33,575.27
Refinance savings = S = $79,141.35 - $33,575.27
= $45,566.08
The ROI on refinancing the loan can be calculated by dividing the savings by the cost of refinancing.
ROI = Savings / Cost = $45,566.08 / $3,125 = 14.50
Thus, the ROI would be 0.001184 or 0.1184%.
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in a corporation, the stockholders' potential loss is multiple choice question. limited to the amount of the investment. unlimited with responsibility for all corporate losses. limited to the amount of net income.
In a corporation, the stockholders' potential loss is a. limited to the amount of the investment.
A corporation is a form of organization that is owned by shareholders who have invested money in the business, they elect the board of directors and make major business decisions. When a company is formed, it must decide whether to be a sole proprietorship, a partnership, a limited liability company, or a corporation. The most significant benefit of forming a corporation is that the shareholders' personal assets are shielded from the corporation's debts and liabilities. It implies that if the corporation goes bankrupt or is sued, the shareholders' assets will be protected because they are considered separate entities from the corporation.
In a corporation, a stockholder's potential loss is limited to the amount of the investment, in other words, shareholders are not liable for corporate debts, and their risk is limited to the amount of their investment. If the corporation goes bankrupt or is sued, shareholders will not be held responsible for the company's debts, and they will only lose the amount of money they invested in the corporation. In a corporation, the stockholders' potential loss is a. limited to the amount of the investment.
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according to the model of firm behavior introduced in the video, what is the main motivation for firms' actions?
The main motivation for firms' actions, according to the model of firm behavior, is to maximize profits.
This model assumes that firms are profit-maximizers, and they seek to produce the level of output that will generate the highest possible profits.
In order to achieve this goal, firms must make decisions on various factors such as pricing, production, investment, and resource allocation. These decisions are based on the analysis of costs, revenues, and market conditions.
Firms must also consider their competition when making decisions. The model of firm behavior assumes that firms operate in a competitive market where they have little control over prices.
Therefore, firms must find ways to differentiate themselves from their competitors by offering unique products, improving product quality, or reducing production costs.
Furthermore, the model of firm behavior assumes that firms are rational and have access to all relevant information. Firms use this information to make informed decisions and adjust their strategies in response to changes in the market.
By maximizing profits, firms can achieve long-term sustainability and growth.
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Complete question is:
According to the model of firm behavior, what is the main motivation for firms' actions?
what kind of companies are likely to use optical cables such as an oc-48 or oc-192? why? can you give an example? g
Telecommunication companies are likely to use optical cables such as an OC-48 or OC-192. Optical cables are a type of cable that carries digital signals in the form of light pulses along thin strands of glass or plastic fibers.
These cables are used to transmit large amounts of data over long distances without any loss of data or signal degradation. In addition to telecommunication companies, many other companies also use optical cables. For example, data centers, internet service providers, and healthcare facilities are just a few examples of companies that may use optical cables to transfer data quickly and efficiently.
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jun lie frequently attends important events, such as weddings and funerals, in the lives of his employees. he is best described as a
Jun Lie, who frequently attends important events in the lives of his employees, can be best described as a supportive and empathetic employer who values his employees and their personal lives.
By attending important events such as weddings and funerals, Jun Lie is demonstrating his commitment to his employees' well-being beyond just the workplace. He is showing that he recognizes the importance of their personal lives and wants to be a part of it. This can help foster a positive work environment and build trust and loyalty between him and his employees.
Furthermore, Jun Lie's actions also highlight the importance of work-life balance, which is an essential factor in employee satisfaction and productivity. Employees who feel supported by their employer in their personal lives are more likely to be engaged and motivated in their work. Overall, Jun Lie's actions suggest that he is a compassionate and caring employer who understands the value of supporting his employees beyond the workplace. Such employers can help create a positive work culture and contribute to the success of their business in the long run.
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rent control keeps prices of housing below market rates. which of these is an unintended consequence of rent control? a an increase in the quantity of housing available b a shortage of housing c a decrease in the price of utility expenses (electric and natural gas) for the housing d an increase in the price of utility expenses (electric
Rent control maintains housing costs below market rates, but an unintended result of this is a shortage of housing scarcity. Option b is Correct.
There are fewer rental homes available because potential landlords believe renting at low costs is unprofitable. The quantity sought will increase and the quantity supplied will decrease when a price ceiling is placed below the equilibrium price, resulting in a shortfall.
Important Learnings. A framework for comprehending price variations in connection to the availability of money in an economy is the quantity theory of money. It contends that inflation is caused by a rise in the money supply and vice versa. When the government imposes a mandated price on an item or collection of goods at a price below equilibrium, it creates a legally enforceable price ceiling. Option b is Correct.
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Correct Question:
Rent control keeps prices of housing below market rates. which of these is an unintended consequence of rent control?
a. an increase in the quantity of housing available
b. a shortage of housing
c. a decrease in the price of utility expenses (electric and natural gas) for the housing
d. an increase in the price of utility expenses (electric)
which experiences or strengths did lbj bring to the presidency? choose all answers that are correct. responses lbj's congressional experience had taught him how to get bills passed by congress. lbj's congressional experience had taught him how to get bills passed by congress. people said that lbj had a great deal of charm. people said that lbj had a great deal of charm. lbj's business contacts provided funding for his war on poverty. lbj's business contacts provided funding for his war on poverty. lbj was energetic and hard working. lbj was energetic and hard working. lbj wanted to be the best president ever.
LBJ was enthusiastic and dedicated, LBJ wanted to be the best president ever, and Many felt LBJ had a lot of charisma. His time in House had taught him how to get measures passed by Congress.
He was successful in passing the Clean Air Act, the Civil Rights Act of 1964, and a large tax decrease after becoming office. After the election of 1964, Johnson implemented far more extensive reforms. The Social Security Amendments of 1965 created two government-run healthcare systems, Medicare and Medicaid. Although the United States had been stationing military advisers in South Vietnam since the 1950s, Johnson oversaw a significant expansion of the country's involvement in the conflict. He gained Senate authorisation to employ military force to thwart North Vietnamese aggression after the 1964 Gulf of Tonkin incident. That's because the Wabash Cannonball, a B-26 that was shot down by Japanese forces in New Guinea, cost the future president his observer seat due to a bladder issue.
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a seven-person partnership lacks a partnership agreement. under the revised uniform partnership act, how many votes are required to approve an extraordinary transaction of partnership business?
As per the revised Uniform Partnership Act, if a seven-person partnership lacks a partnership agreement, then at least six votes are required to approve an extraordinary transaction of partnership business.
The Revised Uniform Partnership Act (RUPA) is a version of the Uniform Partnership Act (UPA) which was created in the United States in 1994. This act has been adopted by many states in the country. The primary objective of the RUPA is to make partnership laws uniform across different states.The RUPA has provisions regarding partner relations and partnerships in general. It provides guidance on many aspects of partnership law, such as partnerships without formal agreements, partner dissociation, and partnership property rights.
RUPA applies to partnerships that are formed after the act was introduced. Existing partnerships could choose to adopt the provisions of the RUPA. A partnership agreement is a legal document that outlines the terms and conditions of the partnership between two or more parties. It is vital to have a partnership agreement as it defines how the partnership will function, how profits and losses will be shared, how decision-making will be handled, and how the partnership will be dissolved if necessary. It is an essential tool to prevent disputes and misunderstandings among partners.
If a seven-person partnership lacks a partnership agreement, at least six votes are required to approve an extraordinary transaction of partnership business. An extraordinary transaction is defined as a transaction outside of the partnership's usual course of business, such as taking out a loan, selling or buying property, or entering into a significant contract.
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in 2020, kendall ford, an automobile dealership, spent $20,000 on a new car lift for its repair shop, $2,000 on a new copy machine for its sales division, and $600,000 on ford motor company stock. unsold cars and trucks were valued at $400,000 on january 1, 2020 and unsold cars and trucks were valued at $900,000 on december 31, 2020. what is kendall ford's total investment spending in 2020?
In 2020, Kendall Ford's total investment spending is $622,000. Investment spending refers to the amount invested in capital goods, such as machinery, equipment, factories, and buildings, that are used to generate future production.
When companies invest in new plants and equipment, they are expanding their productive capacity, which may result in higher sales and profits. Investment spending is classified into three categories: residential investment, business investment, and inventory investment.
Solution In 2020, Kendall Ford's total investment spending can be determined by adding up the cost of the new car lift for its repair shop, the new copy machine for its sales division, and the purchase of Ford Motor Company stock.
The total investment spending is given by: Total investment spending = Cost of new car lift + Cost of new copy machine + Cost of Ford Motor Company stock= $20,000 + $2,000 + $600,000= $622,000 Therefore, Kendall Ford's total investment spending in 2020 is $622,000.
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which of the following summarizes the findings presented in the memo? tariffs on mexican automobiles impose little cost on mexico, since only about a third of their value originates in mexico. protectionism can be self-defeating, given the extent of integration of global supply chains. global supply chains should be dismantled, since they undermine the effectiveness of tariffs. the globalization of supply chains has led to lower employment and decreased productive efficiency.
The globalisation of supply chains makes it possible to move commodities made in one region of the world to another region, and in fact,
How does the supply chain impact globalisation?Availability of equipment, a lack of skilled workers, and the spillover effects of global bottlenecks are the three main problems that face global supply chains.
Which obstacles do globalization's supply chains face?These products must traverse international borders in order to reach as many markets as possible. Supply chains are essential for global markets because without them, the products that suppliers manufacture could not effectively reach global markets.
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our company is a manufacturer and has the following data available for the current year: sales, $550,000; sales discounts, $20,000; sales returns and allowances, $15,000; and cost of goods sold, $200,000. what is the amount reported on the income statement for net sales? group of answer choices $530,000 $515,000 $500,000 $330,000
The amount reported on the income statement for net sales is $515,000. Therefore, the correct option is option 2.
Net sales refer to the revenue earned by the company after adjusting for sales returns, allowances, and discounts. The net sales are reported on the income statement of a company.
The formula for calculating net sales is as follows:
Net Sales = Sales - Sales Returns - Sales Allowances - Sales Discounts
Given the following data, we can calculate the net sales:
Sales = $550,000
Sales Discounts = $20,000
Sales Returns and Allowances = $15,000
Cost of Goods Sold = $200,000
Net Sales = $550,000 - $20,000 - $15,000 = $515,000
Therefore, the amount reported on the income statement for net sales is option 2: $515,000.
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QUESTION 6 of 10: What markup percentage does New York magazine state that Macy's at Herald Square in New York City uses to mark up
accessories?
a) 72%
b) 127%
c) 185%
Od) 233%
In conclusion correct option for this question is (d) 233%
Why it is?
The markup percentage mentioned by New York magazine for accessories at Macy's in Herald Square is 185%. This means that the price of the accessory is marked up by 185% of its cost.
This markup percentage is considered high and may reflect the expenses that the store incurs, such as rent, salaries, and other operating costs. It is also likely that the markup is influenced by the store's brand recognition and the demand for its products.
However, a high markup may also deter price-sensitive customers, making it important for businesses to strike a balance between profitability and affordability.
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