The annual insurance premium in dollars is $7,000. Given that a house worth $210k along a river that floods severely and destroys the house once every 30 years.
To find the annual insurance premium in dollars, we need to calculate the probability of flood per year and multiply it by the average cost of damages from the flood. Let's discuss the solution step by step:
Step 1: Calculate the probability of flood per year. Probability of flood in a year = 1/30 = 0.03333 (approx.)
Step 2: Calculate the average cost of damages from the flood. Average cost of damages from the flood = $210kSo, the cost of damages from the flood is $210,000.
Step 3: Find the annual insurance premium in dollars. Annual insurance premium = Probability of flood per year x Average cost of damages from the flood= 0.03333 x $210,000= $7,000 (approx.)Therefore, the annual insurance premium in dollars is $7,000.
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alex is starting a career in ux and wants to have lots of impact on projects. alex is interested in working with a wide variety of companies and clients. which job is a good fit for alex? 1 point working for a design agency working for the local government working for a small startup working for a large company
expert-level exploration of a single UX design function, such as interface, graphic, small startup . In contrast, a generalist possesses a wide range of knowledge.
Which UX design position is responsible for implementing seamless page transitions for apps and websites?"Motion Designers" are the next category. They are the expert UX designers who make the seamless page changes on an app or website. Users should have no trouble navigating the entire product, according to expectations.
Which team member in UX design is in charge of turning a design into a usable product?At every stage of a product's development, a product bis crucial. They must possess the necessary expertise to transform the product's objective into a useful user experience and to maintain that experience.
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a supply chain manager responsible for developing the transportation itinerary and finding the appropriate transportation and storage business partners, works in which function of supply chain management? group of answer choices
The supply chain manager responsible for developing the transportation itinerary and finding the appropriate transportation and storage business partners is working in the logistics function of supply chain management. Logistics is the part of supply chain management that plans, implements, and controls the efficient, effective, and cost-effective flow and storage of goods, services, and related information from the point of origin to the point of consumption in order to meet customers' requirements.
Logistics management includes the inbound and outbound transportation of goods, storage of goods, order fulfillment, inventory control, packaging and material handling. The supply chain manager is in charge of finding the most cost-effective and efficient transportation and storage business partners while also developing the transportation itinerary.
This includes researching and comparing various transportation and storage options and handling the contractual negotiations with these partners. The supply chain manager is also responsible for managing the day-to-day operations of the transport and storage activities, such as overseeing shipping and receiving, monitoring inventory levels, and tracking shipments.
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each printer drive is planned to cost $ 10000. you are evaluating the project after week 5, and you develop four printer drivers in that time. you have spent $ 47500 on the driver development and installation inthose 5 weeks. what is teh earned value, actual cost, cost variance, schedule variance and schedule performance index for the project
Budgeted Cost of Work Completed is another name for Earned Value. (BCWP). The benchmark in terms of costs and schedules determines planned value (PV). The project's actual costs are what decide Actual Cost (AC). Earned Value (EV) describes the project's accomplishments in tangible words.
Two earned value calculations that measure project success in relation to the project's cost performance baseline are cost variance (CV) and cost performance index (CPI). On some projects, using earned value measurements to communicate status or spot potential problems may be useful. The difference between what you anticipated to spend and what you actually spent is referred to as cost variance (CV), also known as budget variance.
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benchmarking provides low-cost providers such as dollar general, ryanair, t.j.maxx, and nucor steel with multiple choice hard evidence of cost competitiveness. proof of resource availability. a company strategy. verification of total cost ownership. improvements to internal processes.
Benchmarking provides low-cost providers such as Dollar General, Ryanair, T.J.Maxx, and Nucor Steel with hard evidence of cost competitiveness.
Benchmarking is the method of examining your company's performance and comparing it to that of others in your industry or sector. This method aims to determine which of the company's operations require improvement, as well as which of its operations are working effectively. There are different types of benchmarking, and they are as follows:
Internal Benchmarking Competitive BenchmarkingFunctional BenchmarkingGeneric BenchmarkingInternal benchmarking is used when a company wants to compare its performance to that of other departments or subsidiaries within the same company. Functional benchmarking is used to compare the company's functions with those of other organizations. Competitive benchmarking is used to compare a company's performance to that of its competitors.Benchmarking provides low-cost providers with hard evidence of cost competitiveness. Dollar General, Ryanair, T.J.Maxx, and Nucor Steel are among these low-cost providers. This method can be used to determine if a company is competitive in terms of costs.Learn more about competitors visit:
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the difference in net operating income between absorption costing and variable costing is due to the__________
The difference in net operating income between absorption costing and variable costing is due to the "treatment of fixed manufacturing overheads as a period or product cost".
The correct answer is Treatment of fixed manufacturing overheads as a period or product cost. What is absorption costing? Absorption costing is a technique used to allocate costs to products, and it considers all manufacturing expenses including fixed overheads. It is often referred to as the full-cost approach. The system adds up the costs of manufacturing a product, including direct labour, direct material, and overhead costs. What is variable costing? Variable costing, also known as direct costing, is a method of determining the cost of producing a product that only considers variable manufacturing costs.
Direct labour, direct material, and variable overhead are the three variable costs involved. Fixed manufacturing costs are not included in the variable cost method. The difference in the net operating income between absorption costing and variable costing is due to the treatment of fixed manufacturing overheads as a period or product cost. If inventory increases or decreases during the period, absorption costing and variable costing will result in different net operating incomes. Since the fixed manufacturing overheads are part of the product cost under absorption costing, they will be charged to inventory and will not be expensed in the current period. On the other hand, under variable costing, all fixed manufacturing overheads are expensed in the current period.
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what is the term for the concept where organizations assimilate social and environmental concerns in their business operations and in their interactions with stakeholders
The phrase "corporate social responsibility" refers to this idea (CSR). It refers to the practise of companies actively addressing and attempting to improve the social, environmental, and economic aspects of their operations.
A group of people who collaborate to achieve a single purpose or goal is referred to as an organisation. It can be a corporate, non-profit organisation, or government body, among other things. To efficiently and effectively complete a certain activity or group of duties is the goal of an organisation. Clear leadership, open communication, and teamwork are necessary for this. Organizations can have different structures and cultures, be hierarchical or flat, centralised or decentralised, etc. An organization's capacity to innovate, adapt to shifting conditions, and continuously enhance its operations is a key factor in determining its success. To achieve common objectives and keep society running smoothly, organisations must be effective.
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the primary difficulty in the allocation of overhead costs to prospective projects is that the: group of answer choices allocation will reduce the project's npv discount rate is unknown costs may not represent an incremental expense expenses may have been previously allocated
The primary difficulty in the allocation of overhead costs to prospective projects is that the costs may not represent an incremental expense.
Overhead costs are indirect costs that are not directly attributable to a specific product or project. They may include expenses such as rent, utilities, and administrative salaries, which are shared by all projects and activities within an organization.
Allocating overhead costs to individual projects can be challenging because it is often difficult to determine how much of the overhead costs should be assigned to each project. The allocation process may involve making assumptions about how much of each overhead cost is attributable to each project based on factors such as the number of employees working on the project or the amount of space occupied by the project team.
The primary difficulty in this process is that the overhead costs may not represent an incremental expense for the project. This means that the costs may have been incurred regardless of whether the project is undertaken or not. Therefore, allocating overhead costs to a project may not accurately reflect the actual incremental cost of the project, which can impact the project's net present value (NPV) and make it more difficult to accurately assess the project's profitability.
Other factors, such as uncertainty around the discount rate and the possibility that expenses have been previously allocated, may also present challenges in allocating overhead costs to prospective projects.
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thom owes $7,000 on his credit card. the credit card carries an apr of 18.3 percent compounded monthly. if thom makes monthly payments of $220 per month, how long will it take for him to pay off the credit card assuming that he makes no additional charges?
Thom will take 48 months (4 years) to pay off the credit card debt if he makes no additional charges.
Let's denote the principal amount by P, the monthly payment by m, the interest rate by r and the number of months it takes to pay off the loan by n. Thom owes $7,000 on his credit card. The credit card carries an APR of 18.3 percent compounded monthly. If Thom makes monthly payments of $220 per month, the number of months it takes to pay off the credit card is determined by the formula for the present value of an ordinary annuity.
Present Value of Ordinary Annuity = $P = $220 [(1 – (1 + r / 12)⁻ⁿ) / (r / 12)]
Thom’s credit card debt = $7,000
Monthly payments he makes = $220
APR = 18.3%
Monthly interest rate = r = (APR/12)/100 = (18.3/12)/100 = 0.01525
Let’s put these values in the formula for the present value of an ordinary annuity:$P = $220 [(1 – (1 + 0.01525)⁻ⁿ) / (0.01525)]$7000 = $220 [(1 – (1 + 0.01525)⁻ⁿ) / (0.01525)]
Now we need to solve for n. Using a financial calculator, we can solve for n by entering the following values: N=NUMBER OF PERIODS = 48R=INTEREST RATE PER PERIOD = 1.525%PV=PRESENT VALUE = 7000PMT=PAYMENT AMOUNT = -220FV=FUTURE VALUE = 0
We will get: $7,000 = $220 [(1 – (1 + 0.01525)⁻⁴⁸) / (0.01525)]. So, the number of months it will take Thom to pay off his credit card debt will be n = 48. Therefore, Thom will take 48 months (4 years) to pay off the credit card debt if he makes no additional charges.
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a team is considering using the self-organizing team technique to formulate a release plan. what positive outcome can the team expect from selecting this technique?
The team can expect improved collaboration, ownership, and commitment from team members.
By using the self-organizing team technique to formulate a release plan, the team can expect to have greater ownership and accountability over the plan and a higher level of engagement and commitment from team members due to their involvement in the decision-making process.
This technique also allows for better collaboration and knowledge sharing among team members, leading to more innovative and effective solutions. The self-organizing approach empowers team members to take on more responsibility and make decisions based on their expertise, which can result in increased job satisfaction and a stronger sense of teamwork. Overall, the positive outcome of using the self-organizing team technique is the creation of a more effective and efficient release plan.
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in the new products process, after evaluating an idea, various views on the idea are combined together in what is often called the:
After evaluating an idea in the new products process, various views on the idea are combined together in what is often called full screen.
What is full screen?A full screen is used at the project review stage of the new products process, and it employs some sort of scoring methodology to determine whether to move forward with development or not.
A full screen is employed while assessing a new product proposal to ascertain what potential customers think of the concept. After analysing an idea, different perspectives on the idea are blended in the new products process. The viability of a proposal's technical and commercial realisation are determined through a full-screen evaluation of the notion.
A new product is developed through a series of design, engineering, and research activities known as new product development.
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in the long run, changes in the money supply affect group of answer choices prices. output. unemployment rates. all of the above.
In the long run, changes in the money supply affect prices, output, and unemployment rates. Therefore, the correct option is: all of the above.
What is the money supply?
The money supply refers to the total amount of money in circulation in an economy. Monetary policy is used by the central bank to influence the money supply.
The central bank's monetary policy tools are employed to achieve the objectives of macroeconomic stability and full employment. These objectives can be achieved by controlling the money supply.
In the long term, changes in the money supply have an impact on prices, output, and unemployment rates.
How do changes in the money supply impact prices, output, and unemployment rates?
When the money supply in an economy rises, prices increase due to higher demand, causing inflation. The increase in demand for goods and services also raises the output and, as a result, employment.
This is because firms will require more employees to increase their production. Furthermore, higher demand for goods and services will lead to increased investment, resulting in increased output and employment in the long run.
In contrast, a decrease in the money supply leads to a decrease in demand, causing deflation, which lowers output and employment. Therefore, changes in the money supply have an effect on prices, output, and employment rates in the long run.
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on january 1, a company purchased new furniture at a cost of $26,000. the furniture is estimated to have a useful life of 5 years and a salvage value of $3,200. the company uses the straight-line method of depreciation. how much depreciation expense will be recorded for the furniture for the first year ended december 31?
For the first year ended December 31, the company will record depreciation expense of $4,800 for the furniture.
It is calculated by subtracting the salvage value of $3,200 from the cost of $26,000 and then dividing that amount by the estimated useful life of 5 years.
Straight-line depreciation is the most commonly used method of depreciation and is based on an asset's estimated useful life. It is calculated by subtracting the salvage value of an asset from its cost and dividing that amount by the estimated useful life of the asset.
In this case, the company purchased new furniture at a cost of $26,000, with an estimated useful life of 5 years and a salvage value of $3,200. The depreciation expense for the first year would be calculated as ($26,000 - $3,200) / 5 years = $4,800.
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if the price of the bond is initially discounted and offers no coupon payments, the bond is called a bond. the contract that describes the terms of a borrowing arrangement between a firm that sells a bond issue and the investors who purchase the bonds is called the .
If the price of the bond is initially discounted and offers no coupon payments, the bond is called a zero-coupon bond.
The contract that describes the terms of a borrowing arrangement between a firm that sells a bond issue and the investors who purchase the bonds is called the bond indenture.
What is a zero-coupon bond?A bond that is initially discounted and does not provide coupon payments is referred to as a zero-coupon bond.
As a result, the bond's rate of return is derived solely from the difference between the bond's purchase price and its face value when it is redeemed or sold at maturity. Unlike conventional bonds, zero-coupon bonds are priced at a discount to their face value rather than at a premium. The bond indenture. The bond indenture is a contract between the bond issuer and the bondholders that lays out the terms of the borrowing.
It contains the terms of the bond, including the interest rate, coupon payment, and maturity date. In addition, the indenture contains a covenant that obligates the issuer to adhere to the terms of the bond throughout the bond's life. It also describes the rights and duties of the issuer and the bondholders throughout the term of the bond issuance.
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three persons own a parcel of property with equal rights of use and possession. they have equal interests and acquired their interests by the same or different deeds. what type of ownership did they acquire?
The type of ownership that the three persons acquired is Tenancy in common. Tenancy in common (TIC) is a form of property ownership in which multiple individuals possess undivided interests in a single piece of property.
Tenancy in common is similar to joint tenancy; however, the key distinction is that joint tenancy includes the right of survivorship. Each tenant in common has a proportional share of the property, which can be transferred, sold, or inherited, as per their preference.
Tenants in common can own unequal percentages of the property and can sell their shares without seeking the permission of the other tenants in common.
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The strategic management process begins when executives: ООО scan the organization to identify strategic issues that might require change. identify strengths and weaknesses and other strategic factors. scan the organization's internal and external environments. evaluate their current position with respect to mission, goals, and strategies.
The strategic management process begins when executives scan the organization's internal and external environments to identify strategic issues that might require change.
This claim draws attention to the first stage of strategic management, which entails assessing the internal and external surroundings of the firm to find prospective opportunities and threats. This approach assists CEOs to review their present position with relation to their mission, goals, and plans. Executives may have a comprehensive grasp of the difficulties they confront and the possibility for growth by determining the organization's strengths and weaknesses and taking other strategic considerations into account. This knowledge is the basis for creating and putting into practise successful strategies to accomplish their goals and objectives.
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what other products to indian couples submitting to arranged marriages receive in addition to the $6,000 in dowries?
Dowry seems to be a payment of money or presents made by the father of the bride to the bridegroom's household following marriage. It might contain cash, jewelry, electrical equipment, furniture, clothing, crockery, cutlery, a car.
And some other household things that would assist the couples in setting their place of residence. is generally offered as a dowry.
In India, the practice of wedding ceremony has evolved from being entirely controlled by that of the families to being more of a collaborative effort between both the parents and their offspring.
Traditionally, the engagement gentleman or lady weren't going to see one another until the marriage. Parents are now more likely to engage as fixers with expressing personal adult offspring.
The groom is often given a dowry by the relatives of a Hindu bride. In Muslim societies, the groom is the one who bestows a gift or Mahr on his wife.
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the management team at krandal industries emphasizes financial controls over strategic ones. accounting-based measures are used to evaluate the firm's performance based on its own history and on industry averages. it is most likely that krandal uses what type of strategy?
The type of strategy that Krandal Industries likely uses based on their emphasis on financial controls over strategic ones and the use of accounting-based measures to evaluate performance is a financial strategy.
A financial strategy is one that emphasizes financial goals, such as increasing profitability, reducing costs, or increasing shareholder value, over other strategic goals. An organization that emphasizes financial controls is focused on improving its financial performance, profitability, and shareholder value.
Accounting-based measures, such as net income, return on investment (ROI), and earnings per share (EPS), are used to evaluate the firm's performance based on its own history and on industry averages. This suggests that the organization is primarily interested in maintaining financial stability and optimizing its financial performance, rather than pursuing more long-term strategic goals that may involve taking risks or investing in new projects or initiatives.
The use of accounting-based measures to evaluate performance suggests a short-term focus and a preference for low-risk, low-reward strategies that emphasize stability and predictability.
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brooks company has been recording shipments of goods that were not ordered by their customers. this is a violation of accuracy
Brooks Company has been recording shipments of goods that were not ordered by their customers. This is a violation of accuracy.
The financial statements of a corporation must be reliable, dependable, and free of fraud. The stakeholders who rely on the data provided in the financial statements are influenced by the financial data. An accurate accounting statement depicts the company's financial status, which is critical in attracting investment, providing loans, or making business decisions.
Brooks Company's recording of shipments of goods that were not ordered by their customers violated the accuracy of the financial statement. Accuracy in accounting is critical in ensuring that the financial statement is dependable, reliable, and free of fraud. Companies are required to maintain an accurate financial statement to instill trust in the investors, customers, and other stakeholders.
The financial statement must be a true reflection of the company's financial position and its operations in a given period. By recording shipments of goods that were not ordered by their customers, the company violated this principle. This conduct tarnished the company's credibility and led to a loss of investor confidence.
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at skilled specialties, inc., production line employees often work side by side with their robotic counterparts. this practice is also common among many of skilled specialties' other american competitors. the resurgence of u.s. manufacturing firms in recent years can be credited to
The resurgence of U.S. manufacturing firms in recent years can be credited to the integration of robots in production lines, allowing for increased efficiency and productivity.
The integration of robots in manufacturing processes has been a significant factor in the resurgence of U.S. manufacturing firms in recent years. By utilizing robotic counterparts alongside production line employees, companies such as Skilled Specialties Inc. have been able to increase efficiency and productivity.
These robots are capable of performing repetitive tasks at a faster rate and with greater precision than human workers, allowing for higher output levels and improved quality control. Furthermore, robots do not require breaks or time off, allowing for continuous production runs. This has led to cost savings and increased profits for manufacturers.
Overall, the integration of robotics in manufacturing processes has been a major driver in the revival of U.S. manufacturing firms in recent years.
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why is it important to have insurance? so people can protect themselves from losing a lot of money in the event something happens to them or their property. so individuals can defend against the possibility of financial loss due to unpredictable event so people can engage in risky behavior without financial consequences a and b
It is important to have insurance because it helps people protect themselves from losing a lot of money in the event something happens to them or their property, and defend against the possibility of financial loss due to unpredictable events. I
Insurance is an agreement between two parties, the insured and the insurer. The insured pays a premium to the insurer, and in return, the insurer promises to pay for any losses incurred by the insured due to specified risks. Insurance coverage can be for life, health, property, or liability, among other things.Insurance is essential for individuals because it provides financial security against unexpected events.
For example, life insurance provides financial support to a person's dependents in the event of their untimely death. Health insurance covers medical expenses and can help individuals access high-quality healthcare without worrying about the cost.Insurance also protects individuals from financial losses that could arise from unpredictable events such as natural disasters, theft, or accidents.
Without insurance, individuals could suffer severe financial losses that could take years to recover from. For example, homeowners' insurance protects homeowners against damage to their homes and personal property caused by natural disasters or other covered events.Insurance also allows individuals to engage in risky behavior without facing severe financial consequences.
For example, businesses can purchase liability insurance to protect themselves against lawsuits arising from accidents or injuries that occur on their premises. This coverage allows businesses to take risks and pursue growth opportunities without worrying about the financial consequences of potential legal action.
In conclusion, insurance is important because it provides financial security, defends against unpredictable events, and allows individuals to engage in risky behavior without severe financial consequences.
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stephanie began her consulting business this year, and on april 1 stephanie received a $9,000 payment for full payment on a three-year service contract (under the contract, stephanie is obligated to provide advisory services for the next three years). stephanie has elected to use the accrual method of accounting for her business. note: leave no answers blank. enter zero if applicable. problem 9-64 part-b (static) b. what is the minimum amount of income stephanie will recognize next year for tax purposes?
Stephanie began her consulting business this year, and on April 1 she received a $9,000 payment for full payment on a three-year service contract. In the following year, the minimum amount of income Stephanie will recognize for tax purposes is $3,000.
What is the minimum amount of income?Stephanie began her consulting business this year, and on April 1 she received a $9,000 payment for full payment on a three-year service contract. Under the contract, Stephanie is obligated to provide advisory services for the next three years. Stephanie has elected to use the accrual method of accounting for her business.
As per accrual accounting method, Stephanie should recognize revenue when the service is performed, rather than when payment is received. The amount received is for three years' service. Thus, Stephanie should recognize 1/3 of the $9,000 payment each year. Hence, in the following year, the minimum amount of income Stephanie will recognize for tax purposes is $3,000 ($9,000 / 3).
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what type of planning involves assessing the risks to organizational processes and creating policies, plans, and procedures to minimize the impact those risks might have on the organization if they were to occur?
The type of planning that involves assessing the risks to organizational processes and creating policies, plans, and procedures to minimize the impact those risks might have on the organization if they were to occur, is known as risk management planning.
What is Risk Management Planning?
Risk management planning is the process of determining and responding to risk factors that could negatively affect an organization's ability to operate.
The goal of this type of planning is to minimize the impact of those risks by creating policies, plans, and procedures that can be implemented in the event of an emergency.
Risk management planning includes the following steps:
Identifying the risks to the organization
Determining the likelihood and impact of each risk
Developing strategies to manage each risk
Monitoring and controlling the implementation of those strategies
Assessing the effectiveness of the risk management plan over time
Risk management planning is essential for any organization that wants to ensure the continuity of its operations in the face of unexpected events or emergencies.
By identifying potential risks and creating effective strategies to manage them, organizations can protect their people, property, and assets, and maintain their reputation in the market.
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biosci, inc., a biotech firm has forecast the following growth rates for the next three years: 30 percent, 25 percent, and 20 percent. the company then expects to grow at a constant rate of 7 percent forever. the company paid a dividend of 2.00 last week. if the required rate of return is 16 percent, what is the market value of this stock
The stock's market value growth rate of this stock over the following three years is 4.2.
The total present value of all future cash flows determines a share's price. A shareholder of stock receives dividend payments. Stock is the term used in the financial industry to describe all of the shares used to divide ownership of a corporation or company. Based on the total number of shares, each share of stock represents a small portion of the company's ownership.
The current value of all anticipated future cash flows from holding the stock indefinitely is known as the "common stock value." Only the stock's dividends make up the future cash flows from holding the stock.
Common stock value = Present value of all future cash flows
Present value of dividends with constant growth = Next dividend / (Return - Growth)
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the process of evaluating the circumstances around organizational events includes determining which adverse events are possible incidents, or .
The process of evaluating the circumstances around organizational events includes determining which adverse events are possible incidents, or near misses.
Near misses refer to events that could have resulted in adverse consequences for an organization, employees, customers, or the public. They are also known as "near accidents" or "close calls." A near miss is an incident that almost caused an accident but did not because of circumstances beyond the individual's or organization's control. A near miss has certain characteristics. They are:
The potential to result in a serious event;
The likelihood of a severe incident was high;
It happened suddenly and unexpectedly.
The question can be completed as follows: The process of evaluating the circumstances around organizational events includes determining which adverse events are possible incidents, or near misses.
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If quantity demanded exceeds quantity supplied, what most likely needs to happen to achieve equilibrium?
The supply needs to increase
The price needs to decrease (answer edg)
The price needs to increase
The demand needs to increase
The supply needs to increase, to achieve equilibrium If quantity demanded exceeds quantity supplied.
Hence, the correct answer is a. The supply needs to increase.
Demand?Demand is the consumer's intention to buy a certain item or service. Market demand is the desire for a certain item in the market. The entire demand for goods and services across the economy is known as aggregate demand.
The price of the commodity or service is determined by how well supply and demand match. comprehending the idea of demand.
Economic demand is the quantity of customers eager to buy products or services at a specific price. The opposing force to demand is supply.
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if economies of scale are an industry's primary entry barrier, a new entrant's major concern is: group of answer choices the inferior quality of its products. its inability to counter brand loyalty that customers have for established companies in the industry. its inability to produce in sufficient volume to match the cost advantages of established producers. its inability to get buyers to switch to its product. its inability to match the innovation of the established firm.
when economies of scale are an industry's primary entry barrier, a new entrant's major concern is its inability to produce in sufficient volume to match the cost advantages of established producers. This could prove difficult for a new entrant, as the cost of scaling up its production would likely be much higher than the established firm, as well as the difficulty in competing with the established firm in terms of product innovation and brand loyalty.
Economies of scale refer to the cost advantages that a business experiences when it increases its production volume. This is often a primary entry barrier for new entrants into an industry, as established producers are able to take advantage of their larger production volume to produce goods at lower costs.
This can be difficult for a new entrant, as the cost of scaling up its production would likely be much higher than the established firm. Additionally, the new entrant may have difficulty competing with the established firm in terms of product innovation and brand loyalty, as the established firm is likely to have a longer history in the industry and more established relationships with customers.
As a result, a new entrant's major concern would be its inability to produce in sufficient volume to match the cost advantages of established producers. This would be a challenge in itself, as it would mean that the new entrant would need to increase its production volume in order to produce goods at the same or lower prices as the established firm.
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If consumers think that there are very few substitutes for a good, then:A) Supply would tend to be price elasticB) Supply would tend to be price inelasticC) Demand would tent to be price elasticD) Demand would tend to be price inelasticE) None of the above is true
If "consumers" think that there are very few-substitutes for a good, then (d) the Demand would tend to be price-inelastic.
If Consumers think that there are very few substitutes for a good, it means that the good is unique or has limited alternatives available in the market.
When demand for a good is price inelastic, it means that a change in price will result in a proportionately smaller change in the quantity demanded. This is because consumers are less responsive to price changes and may be willing to pay a higher price to continue consuming the good.
Therefore, the correct option is (d).
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The given question is incomplete, the complete question is
If consumers think that there are very few substitutes for a good, then :
(a) Supply would tend to be price elastic
(b) Supply would tend to be price inelastic
(c) Demand would tent to be price elastic
(d) Demand would tend to be price inelastic
(e) None of the above is true
question content area a $287,000 bond was redeemed at 98 when the carrying amount of the bond was $279,825. the entry to record the redemption would include a
The entry to record the redemption would include a credit to Cash for $282,734 ($287,000 x 98%) and a debit to Bond Payable for $279,825.
When the bond is redeemed, the company is entitled to receive the face value of the bond ($287,000).
However, due to the fact that the carrying amount of the bond was lower than the face value ($279,825) the company will receive less than the face value ($287,000 x 98%, which is equal to $282,734).
As such, a credit to Cash for $282,734 is recorded, and a debit to Bond Payable for $279,825 is recorded to reflect the decrease in the carrying amount of the bond.
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Your school's server just crashed, and it's an hour before the big presentation. Your team is starting to panic. How can you be a good leader in this situation? A. Tell everyone that you've got this. Ask if anyone has a backup copy or older copy on their computer that you can use in the time that you have. B. commiserate with everyone else. Afterall, if your school server is down, everyone else will be in the same boat, so no one will have their presentation materials either. C. send a panicked e-mail to your teacher asking what to do. E-mail the other teams to see what they are doing. D. Tell everyone to work on their own and try to reconstruct their work from scratch. You have an hour. You should be able to put something together.
Answer: A
Explanation:
A 65 inch high definition TV is selling for $4,000. The ad states that it has now been reduced 25%. Find the sale price after sales tax. Sales tax in the state of NJ is 6.625%.
Sales Tax =
Final Sale Price =
Show your work please.
The sales tax is $198.75, and the total cost would be $3,198.75.
What is the sales tax?Remember, a sales tax is a type of consumption tax that is levied on the sale of goods and services. It is usually a percentage of the purchase price and is collected by the seller at the point of sale.
Since we are told the ad states that the high-definition TV has now been reduced by 25% ([tex]\frac{25}{100}*4000[/tex]);
$4000- $1000 = $3000
Therefore, $3000 would now be the cost of the TV. And that sales tax is 6.625%; the sales tax value in dollars ($) =
[tex]\frac{6.625}{100} * 3000 = 198.75[/tex]
Total cost = Sales tax + cost of TV
Therefore,
Total cost = $198.75 + $3000 = $3,198.75.
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