The amount of his quarterly cheque is $4,005,017.68 for the salary structure
The salary structure offered by the team and the proposed salary increase by the player is given below:
Time Salary 0 $ 8,500,000 1 3,900,000 2 4,600,000 3 5,300,000 4 5,800,000 5 6,400,000 6 7,300,000
Salary increase of the player = $1,500,000
Total Contract value of the player = Time Salary + Salary Increase
=8,500,000+3,900,000+4,600,000+5,300,000+5,800,000+6,400,000+ 7,300,000+1,500,000
= $43,300,000
The player wants equal salary paid every three months starting after three months from today and he has also requested a signing bonus of $10,000,000 today.
Let the quarterly cheque amount be x.
Now, we will calculate the future value of the contract amount i.e. $43,300,000 and the signing bonus of $10,000,000 payable today.
The time period is 6 years (n = 6) and interest rate is 5% compounded daily (r = 5%/365)
Future Value (FV) = $66,480,840.07
So,
Quarterly Cheque Amount (x) = FV/ PVIFA(i, n)
where i is the interest rate per quarter and n is the number of quarters
n = 24 (since there are 24 quarters in 6 years)
i = (5%/365)*91
= 0.0124658 (interest rate per quarter)
PVIFA(i, n) = (1-(1+i)^-n)/i
= 16.6019
Therefore,
Quarterly Cheque Amount (x) = FV / PVIFA(i, n)
= 66,480,840.07/16.6019
= $4,005,017.68 (Correct up to 2 decimal places)
The amount of his quarterly cheque is $4,005,017.68.
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True/False: the stages a consumer passes through in adopting a new product or service are represented by the model.
The given statement "the stages a consumer passes through in adopting a new product or service are represented by the model" is true because the model is known as the diffusion of innovation model.
The Diffusion of Innovation Model is a tool for comprehending how new products or services are accepted and adopted by customers. It's a five-stage model that describes the different phases that customers go through as they adopt a new product or service.
The five stages are as follows:
1. Awareness: The first stage is characterized by a lack of information. The consumer is not aware of the product and has never encountered it.
2. Interest: This is the stage when the consumer becomes interested in the new product. They want to know more about it and seek more information.
3. Evaluation: The consumer starts to assess the new product during this stage. They compare it to other products on the market, evaluate its benefits and drawbacks, and consider how it meets their needs.
4. Trial: During this stage, the consumer tries out the product or service. They may do so by using a free trial or a demo version of the product.
5. Adoption: The final stage is the adoption of the product or service. The consumer is happy with the product and has decided to use it regularly. They might also recommend it to others.
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The Red Toy Company currently uses an injection moulding machine that was purchased 2 years ago at cost RM28,000. This machine is being depreciated on simplified straight line method and has 6 years of remaining life. This machine can be sold for RM20,000 at this time. Red Toy is offered a replacement machine which has a cost of RM25,000. It would incur another RM5,000 to modify the machine for special use by the firm. The machine has estimated useful life of 6 years and estimated salvage value of RM2,000. The replacement machine would permit an output expansion and greater efficiency, so sales would rise by RM5,000 per year and operating expenses are expected to decline by RM1,200 per year. The new machine would require that inventories to be increased by RM20,000, but account payable would simultaneously increase by RM5,000. The tax rate is 28 percent and the cost of capital is 15 percent.
i. What is the project’s initial outlay? (5
The project's initial outlay is -RM5,000, which shows a cash flow a cash outflow.
What is the project's initial outlay?To calculate the project's initial outlay, we got to consider money streams related with the purchase and adjustment of the substitution machine, changes in working capital, and any rescue value from the existing machine.
Purchase of Substitution Machine:
Cost of substitution machine: RM25,000
Cost of alteration: RM5,000
Total fetched of substitution machine: RM25,000 + RM5,000 = RM30,000
Changes in Working Capital:
Increment in stock: RM20,000
Increment in accounts payable: RM5,000
Net alter in working capital: RM20,000 - RM5,000 = RM15,000 (outpouring)
Salvage Value of Existing Machine:
Sale income from existing machine: RM20,000
let's calculate the initial outlay:
Initial Outlay = Taken a toll of substitution machine + Changes in working capital - Salvage value of existing machine
Initial Outlay = RM30,000 + (-RM15,000) - RM20,000
Initial Outlay = RM30,000 - RM15,000 - RM20,000
Initial Outlay = RM30,000 - RM35,000
Initial Outlay = -RM5,000
The project's initial outlay is -RM5,000, showing a cash outpouring.
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how can thinking of your business as a flywheel improve the handoff between sales and services?
Thinking of your business as a flywheel can improve the handoff between sales and services by ensuring a smooth, continuous flow of energy and momentum. A flywheel stores and releases energy, enabling a system to maintain its pace and operate more efficiently.
Visualize your business as a flywheel, with sales and services being interconnected components of the system. This mindset promotes a holistic approach to managing your business processes.
Identify points of friction between sales and services, such as communication gaps, misaligned incentives, or uncoordinated handoffs. Addressing these issues will reduce friction and increase the efficiency of the flywheel.
Foster open communication and collaboration between the sales and services teams. Sharing information and understanding each other's roles will help both teams work together to achieve common goals.
Align incentives and metrics for both sales and services teams, ensuring that they are working towards the same objectives. This will create a more cohesive environment for collaboration and smoother handoffs.
Continuously evaluate and improve the handoff process by collecting feedback from both teams and adjusting the process as needed. This ongoing optimization will ensure that the flywheel keeps turning smoothly and efficiently.
By thinking of your business as a flywheel, you can effectively enhance the handoff between sales and services, leading to increased customer satisfaction, better team collaboration, and overall business growth.
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Thinking of a business as a flywheel creates a virtuous circle that enhances communication and collaboration between sales and services teams, ensuring a smooth handoff. The collective contribution of both teams fuels the business’s momentum and improves the overall customer experience, which in turn generates more sales.
Explanation:Thinking of your business like a flywheel can greatly improve the handoff between sales and services. The flywheel concept in a business model is about creating a seamless customer experience, where each team's efforts build momentum that propels the next. In other words, the work of the sales team fuels the services team, and vice versa.
A successful handoff from sales to service requires smooth transition and communication, which can be achieved by using the flywheel approach. When both teams work synergistically and understand their collective contribution to the overall business momentum, they're more likely to collaborate effectively, ensuring a continuous and satisfactory customer journey.
For example, the sales team could gather and document customer information during the sale process that is beneficial for the service team, and in turn, the service team could provide feedback to the sales team about customer needs or challenges. This reciprocal relationship powers the 'flywheel', ensuring a positive customer experience that helps in generating more sales, creating a virtuous circle.
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Recall the four reasons some people favor trade restrictions. Give an example from the U.S. economy that you think best fits each reasons
Answer: See explanation
Explanation:
Trade restrictions simply means a way of protecting the local industries. This can be through imposition of tariffs on foreign goods, use of quota etc. The importance of trade restrictions are:
1. Trade restrictions are important in the protection of the infant indutries, that is, the young industries in a country that are just growing.
2. Trade restrictions is necessary to prevent dumping of goods. This mean selling of goods at lower prices or of low quality in a country. This gives such products an unfair advantage over other goods produced in the home country.
3. Trade restrictions is vital on order to protect the strategic indutries.
4. Trade restrictions is also vital in order to protect the jobs of the people in the country. When goods are imported rather than supporting local businesses, this can lead to unemployment as workers will lose their jobs.
Now it's your turn. What do these examples inspire you to think about in terms of your own purpose?
How can you use your digital footprint to make a positive impact on the world? To begin answering
these very big questions, choose two of the brainstorming questions (one from each group) and write a
short response for each. When you're done, be prepared to share your ideas with a partner.
Brainstorming Questions
Response 1 Questions (Choose one)
1. What problems, either in your school or community, or in the world, are you concerned about?
Which ones do you most want to be solved?
2. What person, group, or event inspires you the most? Why? How could they or it be a model for your
own life?
3. What activities or experiences in your life have been the most enjoyable? Why do you think that is?
Response #1
I chose question #
Your online identity, uniqueness, and digital footprint are what define you as a person. Depending on what you do online, it develops your online reputation or impression.
Who, what, or what event most inspires you? Why? How could it or they serve as a role model for your life?Judith K. Rowling - No one can deny this British native's success, regardless of whether you're a Harry Potter fan or not. The estimated $15 billion valuation of the Harry Potter empire (yes, you read that correctly).
Many people are unaware of Rowling's difficult past, which occurred immediately before the publication of her books.
She wed, endured abuse, gave birth to a daughter, and then filed for divorce from her husband. She had to enroll herself on welfare in order to survive after losing her mother to MS.
Furthermore, every major British publishing business turned down the first Harry Potter novel. One ultimately said yes, and the business was off and running.
J.K. Rowling is an inspirational author because she uplifts kids, establishes strong female role models, and lends her creativity and generosity to charities and rising teenagers.
"Dwelling on dreams while ignoring the present is not healthy." J. K. Rowling
Even if everything is bad, there is still hope for improvement. There are obstacles at every turn, so keep going.
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Property Mortgage Insurance is an insurance cost the bank charges if which of the following circumstances is true? A. You are borrowing over 80% of the worth of your home. B. You are only borrowing against the total equity of your home. C. You are borrowing 20% of the worth of your home. D. You are borrowing 40% of the worth of your home. 4
Answer:
C. is the correct answer
I need help on this
Answer: fra
Explanation:
HELP PLEASE
Companies create a division of labor among employees in order to:
O A. reduce the opportunity cost for hiring new employees.
O B. make it easier to shift employees between different jobs.
O C. allow each employee to perform one task at a high level.
O D. gain access to more human and physical capital.
Answer:
D
Explanation:
companies do this so everyone is more proficient with their bodies and their work
Business
12 questions please help!!
Answer:
Fill in the blanks
Explanation:
Answer: 1. Unsecured loans 2. Business credit card 3. Unsecured loan 4. Small Business Investment Companies 5. Reserve Fund 6. Routine 7. Operating costs 8. Secured loan 9. Commercial Debt Financing 10. Small Business Administration 11. Sound 12. Venture Capital Firm
Explanation:
If corn and cotton are substitutes in production, a fall in the price of corn will cause the supply of cotton to ______
If corn and cotton are substitutes in production, a fall in the price of corn will cause the supply of cotton to increase.
What is substitutes in production?
Two or more products that can be created using the same resources are considered substitutes-in-production. Sellers are prevented from using resources to make another good when they produce one. Produce either the first or the second, but not both. Producing alternative crops like corn or soybeans is a common challenge for farmers.
Therefore,
If corn and cotton are substitutes in production, a fall in the price of corn will cause the supply of cotton to increase.
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Write up of a product or service that you would like to pitch as an entrepreneur:
1 paragraph - What the product is
2nd paragraph - Why it would work
3rd paragraph - Why it would fail
I would like to do a product that involved sororities , social media or technology ? Free. to choose whatever thank you .
The entrepreneur pitches "Sorority Connect," a social media platform catering to sorority members, providing a safe space for connection and support. While addressing a specific need, challenges include gaining initial traction and differentiating from existing platforms to ensure its success.
As an entrepreneur, I would like to pitch a product called "Sorority Connect." Sorority Connect is a social media platform specifically designed for sorority members to connect, share experiences, and support each other.
This product would work because it addresses the need for a safe and inclusive online space where sorority members can come together. It would provide features such as private group chats, event planning tools, and a newsfeed tailored to sorority-related content. Additionally, it could offer resources for personal growth, career development, and networking opportunities within the sorority community.
However, there are potential challenges that could cause the product to fail. One challenge is the need to gain initial traction and user adoption. Building a critical mass of users is crucial for the platform's success. Additionally, competition from existing social media platforms might pose a threat. It would be necessary to differentiate Sorority Connect by offering unique features and benefits that cater specifically to the sorority community.
In conclusion, Sorority Connect is a social media platform tailored to sorority members that aims to provide a safe and inclusive online space for connection and support. While it has great potential to succeed, overcoming initial challenges and differentiating from existing platforms would be key to its success.
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Which research tool would be most effective when gathering data on how employees feel about carpooling
Answer: i think the best way would be a poll
In one to two sentences, describe how you benefited from the career-development activity.
The way I benefited from the career-development activity is that it help me to improve and upgrade the neccessary skill for my career and this help me top be successful.
What is career-development activity?Career-development activity can be described as the activities that can be carried out by individual as well as organization which can help them to improve in their different career and this usually help them to succeed in thier field.
It should be noted that most of the people could be successful if they were been guided in their career by experts and this do help people to suceed alot.
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Which of the following could be a demand determinant of cell phones?
Government increases regulations on cell phone manufacturers.
A new model of smart phones is released in the market.
Japanese touch screen factories are destroyed in an earthquake.
Government increases taxes on cellular phone production.
Answer:
A new model of smartphones is released in the market.
Explanation:
The option that could be a demand determinant of cell phones is when a new model of smartphones is released in the market.
The demand for a product is generally affected by the availability or otherwise of one or more substitute products. That is, products that can offer somewhat the same satisfaction to consumers.
Hence, when a new smartphone is released into the market, the demands for cell phones are generally affected and each cell phone's demand curve changes accordingly.
There are different determinants of demand. The demand determinant of cell phones is when a new model of smart phones is released in the market.
There are different factors that affects the demand for cell phones. They includes; price, product features, relative advantage, convenience, compatibility, brand name etc. All these factors influence consumer intension to purchase cell phone.The mobile phone market is said to be elastic and as such if prices go up fewer people would buy new phones and fewer people would upgrade their existing phones.
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when the money market is drawn with the value of money on the vertical axis, if the price level is above the equilibrium level, there is an
Answer:
There will be an increase in the price level.
Explanation:
Got it from study.com
Required information
[The following information applies to the questions displayed below.]
On December 1, Jasmin Ernst organized Ernst Consulting. On December 3, the owner contributed $83,390 in assets to launch the business. On December 31, the company’s records show the following items and amounts.
Cash $ 13,210 Cash withdrawals by owner $ 1,460
Accounts receivable 13,320 Consulting revenue 13,320
Office supplies 2,720 Rent expense 2,950
Land 45,910 Salaries expense 6,290
Office equipment 17,350 Telephone expense 830
Accounts payable 7,970 Miscellaneous expenses 640
Owner investments 83,390
Using the above information prepare a December income statement for the business.
Based on the information given the December statement of cash flows for Ernst Consulting is $2,610.
Income statement:ERNST CONSULTING Income Statement For Month Ended October 31
REVENUES
Consulting fees earned $13,320
Total revenues $13,320
EXPENSES
Rent expense $2,950
Salaries expense $6,290
Telephone expense $830
Miscellaneous expenses $640
Total expenses $10,710
($2,950+$6,290+$830+$640)
Net income $2,610
($13,320-$10,710)
Inconclusion the December statement of cash flows for Ernst Consulting is $2,610.
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A questionnaire on the negative impact of the coronavirus as one of the socio economic issues of the business
Answer:
From my understanding,I don't think so
Explanation:
because of the coronavirus from where I'm living those that are selling face mask and hand sanitizer are benefiting more from it than others
A firm has a profit margin of 10%, an asset turnover of 1.2, an equity multiplier of 1.3, and an earnings retention ratio of 0.5. What is the firm's internal growth rate?
The firm's internal growth rate is 7.86%.
To find the internal growth rate, we can use the formula: Internal Growth Rate = ROE × Retention Ratio / (1 - ROE × Retention Ratio). First, we need to calculate the firm's Return on Equity (ROE) using the DuPont Analysis formula: ROE = Profit Margin × Asset Turnover × Equity Multiplier.
Step 1: Calculate ROE
ROE = 0.1 (Profit Margin) × 1.2 (Asset Turnover) × 1.3 (Equity Multiplier)
ROE = 0.156
Step 2: Calculate Internal Growth Rate
Internal Growth Rate = 0.156 (ROE) × 0.5 (Retention Ratio) / (1 - 0.156 × 0.5)
Internal Growth Rate ≈ 0.0786
The firm's internal growth rate is approximately 7.86%. This indicates that, with its current financial performance, the firm can grow at a rate of 7.86% annually using its retained earnings without any additional external financing.
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A home improvement store has an assembled kids playset on display. There
are no signs waming parents not to let their kids play on it. When a child
climbs on the playset, it collapses and the child breaks her wrist. The playset
was not assembled properly for use because it was only for display. Is the
home improvement store negligent?
A. Yes. The store has a duty of care to provide a safe environment
and not assembling the playset correctly or putting up warning
signs is a breach of duty. The breach caused the playset to
collapse and resulted in harm to the child.
O B. Yes. Home improvement stores are held to a higher standard of
care than other stores because they sell some dangerous items.
Even though a reasonable person wouldn't climb the playset, the
store is still negligent.
O C. No. Home improvement stores do not have a duty to ensure the
safety of their customers because they sell some dangerous
items. Without duty to the customer, the store cannot be negligent.
OD. No. The store is not in violation of a breach of duty because
customers should know never to climb on or use anything on
display in a store. Without breach of duty, the store is not
negligent
Answer:
a. yes. the store has a duty of care to provide a safe environment and not assembling the playset correctly or putting up a sign is a breach of duty. and it resulted in harm.
Explanation:
a p e x
why the pattern of employment in a country may change over time?(essay question)
Answer:It would most likely change overtime because technology is being advanced.
Explanation:
Acompany with a high level of productivity is able to:
A. avoid high opportunity costs.
B. expand without taking on debt.
C. produce goods and s bbbervices efficiently.
D. operate without much Investment.
Which of the following is a personal benefit of eaming a college degree?
A. You have more friends.
B. You are more likely to exercise.
C. You have a longer life expectancy.
D. You are more likely to vote for the right candidate.
Answer:
Option B !!!!! :))
Explanation:
how many quarters does it take to set up a new sales outlet?
The number of quarters required to set up a new sales outlet can vary depending on various factors.
Establishing a new sales outlet involves multiple stages such as planning, site selection, construction, staffing, and operational setup. Each stage can take several months to complete.
Generally, it could take anywhere from two to four quarters, or six months to a year, to set up a new sales outlet. However, this timeline can be influenced by factors like the complexity of the project, availability of resources, local regulations, and the efficiency of the implementation process.
It is essential to consider these variables when estimating the duration of setting up a new sales outlet.
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Complete question is as follow:
How many quarters does it take to set up a new sales outlet?
lowden company uses job order costing and applies overhead to each job at the rate of 159% of direct materials cost. during the current period, direct labor cost is $56,000 and direct materials cost is $86,000. how much overhead cost should lowden company apply in the current period?
The amount of overhead cost that Lowden Company should apply in the current period is $ 136, 740
How to find the overhead cost ?Any expense that cannot be clearly attributed to a cost item, such as rent, administrative staff salaries, and insurance, falls under the category of applied overhead expenses. An item for which a cost is compiled is referred to as a cost object. Examples include products, product lines, distribution channels, subsidiaries, processes, geographical regions, and customers.
Divide the indirect costs by the direct costs, then multiply the result by 100 to get the overhead rate. A 20% overhead rate indicates that 20% of sales are spent on the creation of goods or the provision of services. Efficiency and more earnings are shown by a lower overhead rate.
The overhead cost to be applied here is therefore:
= Direct material cost x Percentage overhead rate
= 159 % x 86, 000
= $ 136, 740
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When the extra revenue from processing further is more than the extra cost of processingâ further, the best decision would be to
When the extra revenue from processing further is more than the extra cost of processing further, the best decision would be to continue with further processing.
This is because the additional revenue generated from processing further will offset the extra cost incurred in the process, resulting in a net gain for the business.
In order to determine whether the extra revenue from processing further is greater than the extra cost of processing further, businesses need to conduct a cost-benefit analysis. This involves identifying all the costs associated with processing further, including labor, materials, equipment, and energy costs, and comparing them with the additional revenue generated from the sale of the processed product.
If the additional revenue exceeds the extra costs, then processing further is a financially viable option. On the other hand, if the extra costs outweigh the extra revenue, then it may not be financially feasible to continue with further processing.
Ultimately, the decision to process further will depend on a range of factors, including the nature of the product, the target market, and the competitive landscape. By conducting a thorough cost-benefit analysis, businesses can make informed decisions about whether to continue with further processing or not, and ensure they are maximizing their profitability and growth potential.
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A monopolist sells to tourists who have demand p1 = 14 – q1 at a price of $8.00. Residents have demand p2 = 10 – q2. The firm implements an OPD pricing plan. What price should the monopolist charge to the residents?
Answer:
Price charge to the residents = $4
Explanation:
Given:
p1 = 14 – q1 at a price of $8.00
p2 = 10 – q2
Find:
Price charge to the residents
Computation:
p1 = 14 – q1 at a price of $8
8 = 14 – q1
q1 = 6
In OPD q1 = q2
So,
p2 = 10 – q2
p2 = 10 – 6
p2 = $4
Price charge to the residents = $4
Seth is considering advertising his business using paid search results. What do you think makes paid search advertising so effective as a marketing method? look at the following statements and decide whether they are true or false.
No claims may be deemed genuine or untrue, but I'll describe why paid search advertising is so powerful for marketing.
Who are you calling an advertiser?Buying real estate to market a good, bad, or abstract notion is a commercial tactic called as advertising. The actual advertising messaging is what is typically referred to as advertisements. Reaching the demographics most apt to be interested in purchasing a company's goods or services is the aim of advertising.
Why is advertising so important?Advertising is a powerful marketing tool that can assist you in attracting customers, educating them about your products, and earning their confidence. The majority of businesses use advertising in some capacity to promote their products and services.
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when does the owner's contractual rights begin under an individual annuity contract?
The owner's contractual rights under an individual annuity contract typically begin at the time of contract issuance.
This is the point at which the insurance company accepts the applicant's proposal and issues the annuity contract.
From this moment, the annuity owner gains certain rights and responsibilities, including the right to make premium payments, designate beneficiaries, and exercise options such as annuitization or surrender.
To recap, the owner's contractual rights under an individual annuity contract begin when the insurance company issues the contract, granting them various rights and responsibilities related to premium payments, beneficiaries, and annuity options.
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List the six areas of interest.
Answer:
Six areas of interest are: building,thinking,creating,holding, persuading and organizing.
Explanation:
are good oppurtunities always spotted quickly or they often left unrecognized ?
Answer:
often left unrecognised
Answer:
Spotted quickly
Explanation: