An auditor would make specific inquiries of the predecessor auditor regarding c. Disagreements with management as to auditing procedures.
An auditor may make specific inquiries of the predecessor auditor regarding any management disagreements that came during the previous audit. Disagreements can occur when the auditor and management have different perspectives on how a particular issue should be accounted for or disclosed in the financial statements. Such disagreements can be significant and may impact the auditor's conclusions regarding financial statements.
When conducting an audit, the auditor has a responsibility to exercise professional scepticism and to be alert to circumstances indicating the possibility of misstatement of the financial statements. If the predecessor auditor had disagreements with management during the previous audit, this may be a red flag that the auditor should consider as part of the risk assessment process. The auditor may want to ask the predecessor auditor about the nature of the disagreement and how it was resolved.
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Which best describes the facilities involved in the Healthcare cluster?
Some facilities are privately owned, some are funded and run by the government, and some are run by nonprofit organizations.
Some facilities are privately owned businesses that are owned by people who want to make money, and some facilities are nonprofit hospitals.
Most facilities are funded by taxes and run by the government, while a small few are privately owned facilities run by people who want to make money.
Many facilities are nonprofit clinics with the rest of the facilities owned and operated by private individuals to make a profit.
Answer: (C) Most facilities are funded by taxes and run by the government, while a small few are privately owned facilities run by people who want to make money.
Answer:
C. government
Where scaffolds are utilized they shall
be provided with _ for the entire
length, and shall have
to
prevent slipping.
Answer:
im not aure
Explanation:
im not aure
hank owns a gym called ultimate fitness. during the past year, hank sold some equipment and other assets to upgrade his facility. he sold an elliptical trainer for $400 cash plus a juicer machine worth $100. the elliptical trainer had an original cost of $1,500 and had accumulated depreciation for tax purposes of $800. what is hank's realized gain or loss on the sale?
Hank's realized loss on the sale of the elliptical trainer is $200.Hank's realized gain on the sale is $100. To calculate this, you first need to determine the adjusted basis of the elliptical trainer. The adjusted basis is the original cost minus accumulated depreciation, which in this case is $1,500 - $800 = $700.
Hank received $400 cash plus a juicer machine worth $100 in exchange for the elliptical trainer, so the total consideration received is $500.
To calculate the realized gain or loss, you subtract the adjusted basis from the total consideration received:
Realized gain/loss = Total consideration received - Adjusted basis
Realized gain/loss = $500 - $700
Realized gain/loss = -$200
Since the result is negative, it means that Hank incurred a realized loss on the sale. However, for tax purposes, the loss may be limited due to depreciation recapture rules.
To determine Hank's realized gain or loss on the sale, we need to follow these steps:
1. Calculate the adjusted basis of the elliptical trainer by subtracting the accumulated depreciation from its original cost.
Adjusted basis = Original cost - Accumulated depreciation
Adjusted basis = $1,500 - $800
Adjusted basis = $700
2. Determine the total value received from the sale, which includes both cash and the value of the juicer machine.
Total value received = Cash + Value of juicer machine
Total value received = $400 + $100
Total value received = $500
3. Calculate Hank's realized gain or loss by subtracting the adjusted basis from the total value received.
Realized gain/loss = Total value received - Adjusted basis
Realized gain/loss = $500 - $700
Realized gain/loss = -$200
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Charging high prices for a new product to earn large profits during a time when there is little competition represents a __________ strategy.
Charging high prices for a new product to earn large profits during a time when there is little competition represents a skimming strategy.
Skimming pricing strategySkimming is a pricing strategy that establishes a high initial price in the launch of a new product. The purpose is to increase the perception of the brand, create a competitive advantage, and generate sales revenue that allows for covering the initial expenses more quickly. The price decrease when the product enters the maturity and decline phase.
Price skimming exampleAn example of price skimming is Apple's iPhone, using a high pricing strategy during its initial launch. After competitors release rival products, such as the Samsung Galaxy, the price of the iPhone drops so that the product maintains a competitive advantage.
Other examples of products that use this strategy are PlayStation 5 de Sony or Nike sports shoes.
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Which of the following benefits of the American Free Enterprise System requires a great deal of government involvement?
Responses
A protection
B responsive prices
C variety of goods
D freedom
(answer is protection NOT responsive prices)
Option (a), The American Free Enterprise System's benefits of protection necessitate extensive government participation.
What role does the government play in the free market in America, and why?The government has the coercive power to maintain peace and order, protect the right of individuals to own property, and enforce voluntarily engaged into agreements. In essence, the government serves to defend the free enterprise system.
The objectives of a free enterprise include more freedom, market efficiency, consumer rights, financial security and stability, and economic opportunity. Even if free market offers more freedom, there is a higher likelihood that many economic crises will arise without the involvement of the government.
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To examine
the weekly payroll of all employees, one would look at the:
To examine the weekly payroll of all employees, one would look at the: d. payroll register.
What is the payroll register?The payroll register is a book or record that is used to fill in the details of all the employees and their payment logs. A record of this register is often kept in good condition in case of any future discrepancies that will have to be resolved.
A person who wants to examine the weekly payroll of all employees in an organization must be able to look at the payroll register to know what is obtainable. There, he would find the names of the employees, their job roles and payment record.
Options:
a. W-4
b. employee earnings record
c. W-2
d. payroll register.
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What do you think would have happened to the three pieces of cabbage if Alicia had left them in the sealed bags for one month?
Answer: Well so if she just leaves it in a bag it will ofcourse get rotten but if she left it ine the bag like just 30 min or so nothing would happen because its not in the phase of getting rotten yet. Im not sure if u mean by forever or like 1 day 30 min?
Hope this helps
Answer:
Well so if she just leaves it in a bag it will ofcourse get rotten but if she left it ine the bag like just 30 min or so nothing would happen because its not in the phase of getting rotten yet
Explanation:
When making decisions, managers often must decide between doing what is beneficial for the firm in the short term, and what is beneficial for both the firm and society in the long term. To address this conflict, a firm must
When making decisions, managers are often faced with a conflict between what is beneficial for the firm in the short-term and what is beneficial for both the firm and society in the long-term.
This conflict arises because the actions that benefit the firm in the short-term may not necessarily align with the interests of society as a whole, which can lead to negative consequences for both the company and society in the long-term.
To address this conflict, a firm must adopt a long-term orientation and consider the broader social and environmental impacts of its decisions. This means looking beyond immediate financial gains and recognizing that actions taken today can have far-reaching implications for the company's reputation, customer loyalty, employee morale, and overall sustainability.
Firms that prioritize social responsibility and sustainable business practices are more likely to build strong relationships with stakeholders, including customers, employees, investors, and regulators. They are also better equipped to weather economic downturns and other disruptions, as they have diversified their risk and invested in building resilient supply chains and communities.
Ultimately, the key to addressing the conflict between short-term gains and long-term benefits is a commitment to corporate social responsibility (CSR) and sustainable business practices. By prioritizing the needs of society and the environment alongside those of shareholders, firms can create value for all stakeholders over the long-term, ensuring their continued success and impact.
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What factor reflects the ‘cost of money’? The ‘cost of money’ is reflected in the
Let X represent the number that occurs when a 6-sided red die is tossed and the number that occurs when a 6-sided green die is tossed. Complete parts fa) and (b) below. (a) Find the variance of the random variable 2X-Y. 3x--0 (Simplify your answer.) (b) Find the variance of the random variable X+47-5. 0.47-5-0 (Simplify your answer.)
(a) The variance of the random variable 2X - Y is 68.
(b) The variance of the random variable X + 47 - 5 is 0.
To find the variance of a random variable, we need to calculate the expected value and then subtract it from the squared expected value of the random variable. In this case, we'll calculate the expected value of 2X - Y.
The random variable 2X - Y can take on the following values:
2(1) - 1 = 1
2(1) - 2 = 0
2(2) - 1 = 3
2(2) - 2 = 2
2(3) - 1 = 5
2(3) - 2 = 4
2(4) - 1 = 7
2(4) - 2 = 6
2(5) - 1 = 9
2(5) - 2 = 8
2(6) - 1 = 11
2(6) - 2 = 10
The probabilities for these values depend on the probabilities of the individual outcomes of the red and green dice.
Now, we can calculate the expected value (μ) using the formula:
E(2X - Y) = Σ[(2X - Y) x P(X, Y)]
Next, we calculate the squared expected value \((E(2X - Y))^{2}\)
Finally, we find the variance (Var(2X - Y)) by subtracting the squared expected value from the expected value squared.
(b) Since 47 and 5 are constants, they do not affect the variance of the random variable. Therefore, we only need to calculate the variance of X.
To find the variance of X, we need to calculate the expected value of X and then subtract it from the squared expected value of X.
The random variable X can take on values from 1 to 6, each with equal probabilities since it is a fair 6-sided die.
We calculate the expected value (μ) of X using the formula: E(X) = Σ(X x P(X))
Next, we calculate the squared expected value \((E(X))^{2}\).
Finally, we find the variance (Var(X)) by subtracting the squared expected value from the expected value squared.
Since the constants 47 and 5 have no variability, they do not contribute to the variance, resulting in a variance of 0 for the random variable X + 47 - 5.
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A worker should ______ any time the worker notices a minor quality problem that is not critical to product function or performance
A worker should notify the supervisor to determine the correct action to take any time the worker notices a minor quality problem that is not critical to product function or performance.
A manager is accountable for handling the workflow and schooling new hires on how they could high-quality serve clients and teams of personnel. additionally, they create schedules that hold absolutely everyone busy with cut-off dates met to save you gaps or downtime while giving direction and remarks approximately what desires improvement.
A supervisor or lead, (also known as foreman, boss, overseer, facilitator, reveal, place coordinator, line supervisor, or now and again gaffer) is the job name of a lower-level management function that is primarily based on authority over workers or a place of work.
Extra officially addressed as a manager, team leader, or a supervisor is a person who oversees employees of a business enterprise or corporation. Their job is to make crucial choices and to ensure obligations are finished and the enterprise is assembling its goals.
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Eager, a tipped employee, reported to his employer that he had received $320 in tips during March. On the next payday, April 4, he was paid his regular salary of $250. The amount of OASDI taxes to withhold from Eager’s pay is a. $19.84 b. $15.50 c. $35.34 d. $43.61 e. None of the above. 2 points
Answer:
Amount of OASDI taxes to withhold = $35.34
Explanation:
Find:
Amount received in march = $320
Amount of salary = $250
Find:
Amount of OASDI taxes to withhold .
Computation:
OASDI tax rate = 6.2%
Total amount = Amount received in march + Amount of salary
Total amount = $320 + $250
Total amount = $570
Amount of OASDI taxes to withhold = Total amount × OASDI tax rate
Amount of OASDI taxes to withhold = $570 × 6.2%
Amount of OASDI taxes to withhold = $35.34
3. Most employers will pay their employees by directly depositing their paycheck into their checking account. According to his check account statement, John was a paid Every .
A. $200.00, 3 weeks
B. $694.81, 2 weeks
C. $300.00, 1 month
D. $100.00, 2 weeks
Answer: B. $694.81, 2 weeks
Explanation:
John's payment will be an amount that is deposited into his account and therefore increases it. It will also have a detail that references it to being a salary such as wages, payroll, salary etc.
Looking at the statement, you will notice that there was a payroll payment of $694.81 on October 14,2018 which would make this John's salary. Two weeks later on October 28,2018, he got another payment which means that he gets paid twice a month and the salary is $694.81.
The payment made to John and its duration would be as follows:
B). $694.81, 2 weeks
Account StatementAs per the account details, the payroll payment dated 14th October 2018 displays an amount of $694.81.
This amount exemplifies his salary as the other transactions demonstrate withdrawals.
On 28th October 2018, he receives another payroll deposit of the same amount i.e. $694.81.
Therefore, it can be concluded that he is paid a sum of $694.81 every two weeks.
Thus, option B is the correct answer.
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All of the following are reasons for revenue variances EXCEPT ________.
A.) A change in discount structure
B.) A change in input prices
C.) A change in product mix
D.) A change in selling price
All of the given options are reasons for revenue variances expect B.) A change in input prices.
What is revenue variances?Revenue variances can be described as the tools that is usually used in statistiucs which do help in the process of measurement of the difference between expected and actual sales.
It shpould be noted that the information that an be gotten from there can determine the success of an organization's selling activities , and some of the reasons for this tool are the change in product mix and change in selling price.
Therefore, option B is correct.
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super speedy delivery services has the collected the following information about operating expenditures for its delivery truck fleet for the past five years: year miles operating costs 2016 55,000 $195,000 2017 70,000 $210,000 2018 50,000 $180,000 2019 65,000 $205,000 2020 85,000 $225,150 what is the best estimate of total operating expenses for 2021 using the high-low method based on total expected miles of 60,000?
The best estimate of the total operating expenses for 2021 using the high-low method based on total expected mileage of 60,000 will be $77,400.
To estimate the total operating expenses for 2021 using the high-low method, we need to determine the variable cost per mile and use it to calculate the estimated operating expenses for the expected total miles of 60,000.
First, we need to identify the high and low points from the given data;
High point:
Year: 2020
Miles: 85,000
Operating costs: $225,150
Low point;
Year: 2018
Miles: 50,000
Operating costs: $180,000
Next, we can calculate the variable cost per mile using the high and low points:
Variable cost per mile = (High operating costs - Low operating costs) / (High miles - Low miles)
= ($225,150 - $180,000) / (85,000 - 50,000)
= $45,150 / 35,000
= $1.29 (rounded to two decimal places)
Now, we can estimate the total operating expenses for 2021;
Estimated operating expenses for 2021 = Variable cost per mile * Total expected miles
= $1.29 × 60,000
= $77,400
Therefore, the best estimate of total operating expenses for 2021 using the high-low method based on a total expected mileage of 60,000 is $77,400.
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ellinger industries is considering two projects for inclusion in its capital budget, and you have been asked to do the analysis. both projects' after-tax cash flows are shown on the time line below. depreciation, salvage values, net operating working capital requirements, and tax effects are all included in these cash flows. both projects have 4-year lives, and they have risk characteristics similar to the firm's average project. bellinger's wacc is 10%. 0 1 2 3 4 project a -950 700 445 230 280 project b -950 300 380 380 730 what is project a's payback? round your answer to four decimal places. do not round intermediate calculations. 1.15 years
The payback period for Project A is 2.85 years.
To calculate the payback period for Project A, we need to determine how long it takes for the project's cumulative cash inflows to equal its initial investment. We can use the following formula
Payback period = Number of years before full recovery + (Unrecovered cost at the beginning of the year / Cash inflow during the year)
For Project A, the cumulative cash inflows are
Year 0: -$950 million (initial investment)
Year 1: $700 million
Year 2: $700 million + $445 million = $1,145 million
Year 3: $1,145 million + $230 million = $1,375 million
Year 4: $1,375 million + $280 million = $1,655 million
Since the cumulative cash inflows exceed the initial investment in Year 3, we know that the payback period for Project A is between 2 and 3 years
To calculate the exact payback period, we need to determine the unrecovered cost at the beginning of Year 3
Unrecovered cost at the beginning of Year 3 = Initial investment - Cumulative cash inflows at the end of Year 2
= -$950 million + $1,145 million
= $195 million
Then, we can calculate the payback period for Project A
Payback period = 2 + ($195 million / $230 million)
= 2.85 years
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Sam, a buyer for a small warehouse company, is looking to purchase a forklift from caterpillar or komatsu. He is looking for a reliable, narrow forklift to fit between the warehouses’ smaller aisles and that is a lower price. Sam doesn’t need added-on services; he is well-versed in using and maintaining large equipment. He evaluates the forklift types and decides on a komatsu. Sam chooses the komatsu for its perceived reliability and it is $1500 less than the caterpillar forklift. Which approach that komatsu took was a success for sam as a customer?.
The approach that Sam took that turned out to be a success is Komatsu reduced its perceived costs enough to undercut its competitors perceived values.
What was the approach undertaken here?He knew that he may have additional costs if he decides to use added on services. But he didn't.
This would make the amount of money that he would pay less given that he has decided to carry out the task on his own.
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How did common law develop?
Answer:
Origin of common law
The English common law originated in the early middle ages in the King's court. It did not have substantive rights but it consisted of procedural remedies. Until the 19th century, the English common law continued to be developed primarily by the judges rather than the legislature.
Tia is going to carry a large piece of scrap metal to the dumpster. It's heavy and
has sharp edges. What PPE should she use to keep herself safe?
She needs a full complement of personal protective equipment, or PPE, for workers in a scrap metal facility. This includes protective eyewear, footwear, helmets, and gloves.
Personal protective equipmentPersonal protective equipment is the equipment that is used to protect us from harm or danger.
They are an important part of the costume in manufacturing industries and even in our homes.
For Tia that is going to carry a large piece of scrap metal to the dumpster, she needs a full complement of personal protective equipment, or PPE, for workers in a scrap metal facility. This includes protective eyewear, footwear, helmets, and gloves.
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The outward bowing shape of the production possibilities curve is due to ______.
The outward bowing shape of the production possibilities curve is due to: Increasing opportunity costs as more and more of one good is produced.
What is Production possibilities curve?A production possibility is a curve that shows the two combinations of goods an economy can produce given that its resources are fully employed.
The production possibility curves is bowed outwards because of increasing opportunity costs as more and more of one good is produced.
If more of one good is to be produced, more of the second good would be given up to increase the production of the first good.
Hence, the outward bowing shape of the production possibilities curve is due to Increasing opportunity costs as more and more of one good is produced.
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One of the tools of monetary policy is to change the discount rate. Since 2003
the Fed has kept the federal funds rate one percentage point above the discount rate.
the Fed has pegged the discount rate to the reserve requirement.
the Fed has not changed the discount rate.
the Fed has kept the discount rate a fixed amount above the federal funds rate.
The statement is correct is that the Fed has kept the discount rate a fixed amount above the federal funds rate.
This has been the case since 2003, where the Fed has kept the federal funds rate one percentage point above the discount rate. The discount rate is the interest rate that banks pay to borrow money from the Fed, while the federal funds rate is the interest rate that banks charge each other for overnight loans. By keeping the discount rate above the federal funds rate, the Fed encourages banks to borrow from each other instead of borrowing from the Fed, which helps to stimulate economic growth. The Fed has not pegged the discount rate to the reserve requirement, which is the amount of money that banks must keep in reserve. The reserve requirement is another tool of monetary policy that the Fed uses to influence the money supply and inflation.
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does the total amount of energy output for each herbivore add up to the total amount of energy eaten by each herbivore?
In short, no, the total amount of energy output for each herbivore does not necessarily add up to the total amount of energy eaten by each herbivore. This is because herbivores lose energy through various processes such as respiration, digestion, and movement.
When herbivores consume plant material, they extract the nutrients and energy they need to survive and grow. However, during digestion, not all of the energy from the food is absorbed into the herbivore's body. Some of the energy is lost through feces and urine, which contains undigested material. This means that not all of the energy eaten by the herbivore is converted into usable energy for the body.
Furthermore, herbivores use energy for various metabolic processes, such as respiration and movement. The energy used for these processes is not available for growth or reproduction. Additionally, herbivores lose energy to the environment through processes such as heat loss and excretion.
Therefore, the total amount of energy output for each herbivore does not necessarily add up to the total amount of energy eaten by each herbivore. Some of the energy is lost through various processes, and not all of it is converted into usable energy for the herbivore's body.
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The two metaphors commonly used to describe the two views of the change process are?
The two metaphors commonly used to describe the two views of the change management process are calm waters and white-water rapids.
A metaphor is an idiom that, for rhetorical purposes, refers directly to one thing by mentioning another. Can clarify (or obscure) or identify hidden similarities between two different ideas. Metaphors are often compared to other types of images such as antithesis, exaggeration, metonymy, and simile. One of the most frequently cited examples of metaphor in English literature comes from As You Like It's a monologue.
This quote expresses a metaphor. Not a literal actor or actress. In arguing that the world is a stage, Shakespeare uses points of comparison between the world and the stage to convey his understanding of how the world works and the behavior of people within it.
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Which scenario is not a violation of your rights as a debtor?
A. A debt collector calls you every hour between 8 a.m. and 3 p.m.
B. A debt collector contacts you at work at 3 p.m.
O C. A debt collector calls you at home at 10 p.m.
D. A debt collector calls you at home at 5:30 a.m.
A scenario that does not describe your rights being violated as a debtor is A. A debt collector calls you every hour between 8 a.m. and 3 p.m.
What are debt collectors allowed to do?Debt collectors are allowed to call you during the daytime from 8 am to 3 pm.
They cannot however call you before 8 am or after 9 pm without your consent as these would be very inconvienient hours. Also, they can't call you at work.
In conclusion, option A is correct.
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What is the primary purpose of a bank reconciliation?.
Bank reconciliations is important internal control tool for preventing and detecting fraud.
What is bank reconciliation?Bank reconciliation seems to be a process that explains why there are differences between a company's bank statement and its Cash Book. The process is used not only to identify differences, but also to make changes to relevant accounting records in order to keep the records up to date.The three methods of a bank reconciliation are as follows: Statement comparison. Balancing the books. The reconciliation is being recorded.Account Reconciliation Types Account reconciliations come in a variety of forms and can be used for either personal or professional purposes. Account reconciliation is classified into five types: bank reconciliation, vendor reconciliation, business-specific reconciliation, intercompany reconciliation, and customer reconciliation.To learn more about bank reconciliation refer to:
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3 td
(1 po
mm
8. When Dr. Norman travels, she always stays at a Hawks family hotel. She is brand loyal, and
thinks that Hawks offers the best service. On this trip, Dr. Norman stayed at three different
Hawks hotels. Customer service was excellent at two of the hotels, but at the last hotel, the
person checking in guests was rude. Dr. Norman completes a comment card on each hotel,
knowing that Hawks strives for excellent customer service. This scenario exemplifies which
service characteristic?
Omarketability
Ovariability
O inseparability
O intangibility
Answer:
Variability
Explanation:
Variability expresses the notion that a service may vary in standard or quality from one provider to the next or from occasion to the next.
A study obtains data on per capita alcohol consumption and skin cancer rates for every county in New Mexico. The correlation based on this county data is 0.63. True or False. This provides a fair estimate of the strength of the association between alcohol consumption and skin cancer. True False
A study obtains data on per capita alcohol consumption and skin cancer rates for every county in New Mexico. The correlation based on this county data is 0.63. False
In this case, the obtained correlation between per capita alcohol consumption and skin cancer rates for every county in New Mexico is 0.63. But it is not completely appropriate to conclude that this correlation provides a fair estimate of the strength of the association between alcohol consumption and skin cancer because the correlation coefficient only provides information on the strength and direction of the association between the two variables. It does not indicate the causation of the relationship.
Therefore, we can't establish the strength of the association between alcohol consumption and skin cancer just by observing the correlation coefficient. Hence, we can say that the correlation coefficient provides a fair estimate of the strength of the association between alcohol consumption and skin cancer is False. Therefore, the correct answer is False.
In a nutshell, we can't establish the strength of the association between alcohol consumption and skin cancer just by observing the correlation coefficient. So, the obtained correlation between per capita alcohol consumption and skin cancer rates for every county in New Mexico is 0.63, which does not provide a fair estimate of the strength of the association between alcohol consumption and skin cancer.
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If MM's Proposition I holds, minimizing the weighted average cost of capital (WACC) is the same as maximizing the
a. profits of the firm.
b. book value of the firm.
c. market value of the firm.
d. liquidating value of the firm
If MM's Proposition I holds, minimizing the weighted average cost of capital (WACC) is the same as maximizing the market value of the firm. The Modigliani-Miller Proposition I is a financial theory that states that the value of a company is independent of its capital structure.
The correct option is c .
In other words, the total value of the firm is determined by its earning power and the risk of its underlying assets, which are unaffected by its choice of financing. MM Proposition I implies that the cost of capital of a company is independent of its financing mix, whether it is financed by equity or debt, and therefore there is no optimal capital structure. What is the weighted average cost of capital (WACC)?The weighted average cost of capital (WACC) is the average cost of a company's debt and equity capital, weighted by their respective proportions.
It is the minimum return that investors require to finance a company's operations, and it reflects the riskiness of the company's assets and the cost of borrowing. What is the relationship between WACC and firm value?According to MM Proposition I, the weighted average cost of capital (WACC) is independent of a company's capital structure, and therefore minimizing WACC is the same as maximizing the market value of the firm. This means that the lower a company's WACC, the higher its market value, because a lower WACC means that the company is less risky and more profitable. Therefore, by minimizing WACC, a company can increase its market value, which is the ultimate goal of any firm. Thus, option (c) is the correct answer. To summarize, MM Proposition I states that the value of a company is independent of its capital structure, and minimizing WACC is the same as maximizing the market value of the firm.
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When marketers _____, they take into account the fact that customers are different, customers change, competitors change and react, and organizational resources are limited.
i. create a firm's mission statement
ii. conduct a SWOT analysis
iii. enter into the strategic marketing process
iv. develop a competitive advantage
Answer:enter into the strategic marketing process
Explanation:
When marketers enters into the strategic marketing process they take into account the fact that customers and different customers change competitors change and react and organizational resources are limited.
What is the market?Market is a place where all the business and the commercial activities being take place for example a place where a person who go and buy and sell things is known as market. Market can be physical as well as virtual for example a stationery shop in the market is a physical market but buying stationery online from a website is a virtual market.
What are the Marketing strategies?
Forming marketing strategy is a process in which a business concentrate to find best opportunities and increase its sales with the limited resources available. There are many factors which are integral part of marketing strategies. Marketing strategies done by seven Ps
1- product
2-price
3-promotion
4-please
5- packaging
6-positioning and
6- people
What are diiferent type of customers?A customer is a person who purchase the product from the market. Customer can be of many types such as :- new customer, old customer ,potential customer ,discount customers, impulsive customer, loyal customer, need based customer.
Hence option III is the correct answer,
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You have been accepted into college. The college guarantees that your tuition will not increase for the four years you attend college. The first $ 10 comma 300 tuition payment is due in six months. After that, the same payment is due every six months until you have made a total of eight payments. The college offers a bank account that allows you to withdraw money every six months and has a fixed APR of 4.4 % (with semiannual compounding) guaranteed to remain the same over the next four years. How much money must you deposit today if you intend to make no further deposits and would like to make all the tuition payments from this account, leaving the account empty when the last payment is made? (Note: Be careful not to round any intermediate steps less than six decimal places.)
Answer:
You must deposit "$74,806.25" today.
Explanation:
The given values are:
Periodic payment,
P = $10,300
Rate of interest,
r = \(\frac{4.4 \ percent}{2}\)
= \(2.2 \ percent\)
Number of periods,
n = \(4\times 2\)
= \(8\)
Now,
The PV of annuity will be:
= \(\frac{P\times [1 - (1 + r)^{-n}]}{r}\)
On substituting the given values, we get
= \(\frac{10,300\times [1 - (1 + 2.2 \ percent)^{-8}]}{2.2 \ percent}\)
= \(\frac{1,645.73}{2.2 \ percent}\)
= \(74,806.25\) ($)