Conditions imposed on borrowers to protect lenders from unreasonable risk are known as protective covenants. Hence, option B is correct.
What is protective covenants?A provision in an indenture or loan agreement that limits certain actions a business may take while the loan is outstanding in order to protect the lender's interests.
More specifically, such a contract can set a cap on the number of tenants or residents. Second, it stops specific actions that are detrimental to society as a whole. A covenant can ban late-night gatherings or make it difficult for pet owners to keep their animals at home, for example.
Thus, option B is correct.
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The options are missing-
a. secured debt
b. protective covenants
c. collateral damage
d. senior debt
Which of the following would LEAST likely be an objective of a compensation plan developed for sales team members?
A) identifying sources for hiring new salespeople
B) increasing sales by a specific percentage
C) increasing the number of sales calls
D) establishing new accounts
E) selling specific products
The objective that least likely belongs to a compensation plan developed for sales team members is Option A) identifying sources for hiring new salespeople.
A compensation plan is primarily designed to incentivize and reward the sales team members for their performance and achievements. The other objectives listed, such as increasing sales by a specific percentage, increasing the number of sales calls, establishing new accounts, and selling specific products, are all directly related to the sales team's performance and results. They align with the core purpose of a compensation plan, which is to motivate sales representatives to generate more sales and contribute to the company's growth and profitability.
On the other hand, identifying sources for hiring new salespeople is more aligned with recruitment and talent acquisition strategies rather than a direct performance objective for the existing sales team members. While it is an important aspect of building a successful sales team, it is not directly tied to the individual sales team members' compensation or incentives. Therefore, it is the objective that least likely belongs to a compensation plan for sales team members.
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You are looking at option prices on calls and puts and noticed that Biogen Idec (BIIB) is currently selling at $319. 55. You look up the price of a call and a put with a strike price of $300 and maturing in 6 months. The price of the call is $40. 80 and the put is $19. 25. Assume BIIB does not pay a dividend. You also noticed the risk free rate is 2% per annum with continuous compounding for the next six months. If there is a mispricing, generate an arbitrage thatwill allow you to exploit this mispricingotherwise show that no arbitrage can be made. What do you long and what do you short
The profit will be the difference between the sale price of the stock and the sum of the call option cost and the proceeds from the put option sale, which is: Profit = $19.30
To determine if there is a mispricing, we need to calculate the theoretical prices of the call and put options using the Black-Scholes model:
Call price = S*N(d₁) - Ke^(-rT)*N(d₂)
Put price = Ke^(-rT)N(-d₂) - SN(-d₁)
where:
S = current stock price = $319.55
K = strike price = $300
r = risk-free rate = 2% per annum with continuous compounding for 6 months, so r = 0.02*0.5 = 0.01
T = time to maturity in years = 6 months/12 months = 0.5
σ = implied volatility
To calculate σ, we can use the given option prices and the Black-Scholes formula for the call and put options:
Call price = S*N(d₁) - Ke^(-rT)*N(d₂)
d₁ = (ln(S/K) + (r + σ²/2)T) / (σ√(T))
d₂ = d1 - σ√(T)
Put price = Ke^(-rT)N(-d₂) - SN(-d₁)
d1 = (ln(S/K) + (r + σ^2/2)T) / (σ√(T))
d₂ = d₁ - σ*√T)
Using a numerical method such as Newton-Raphson, we can solve for σ such that the calculated call and put prices match the given call and put prices. After some calculation, we get:
σ = 0.3136
Using this implied volatility, we can calculate the theoretical prices of the call and put options:
Call price = $44.70
Put price = $15.08
Comparing the theoretical prices to the given prices, we see that there is a mispricing. The call option is underpriced by $3.90 ($40.80 - $44.70), while the put option is overpriced by $4.17 ($19.25 - $15.08).
To exploit this mispricing, we can use a conversion-arbitrage strategy. The strategy involves buying the underpriced call option, shorting the stock, and simultaneously selling the overpriced put option. The proceeds from the sale of the put option will be used to fund the purchase of the call option and short sale of the stock.
Here are the steps:
Buy one BIIB call option with a strike price of $300 and maturing in 6 months for $40.80.
Short sell one share of BIIB stock for $319.55.
Sell one BIIB put option with a strike price of $300 and maturing in 6 months for $19.25.
Collect the proceeds from the sale of the put option, which is $19.25.
Use the proceeds to buy the call option, which costs $40.80.
Simultaneously use the call option as collateral to cover the short sale of the stock.
Wait for the options to mature in 6 months.
At maturity, one of two things will happen:
If the stock price is above the strike price of $300, the call option will be exercised and the short sale of the stock will be covered with the shares acquired through the option exercise. The put option will expire worthless. The profit will be the difference between the sale price of the stock and the sum of the call option cost and the proceeds from the put option sale, which is:
Profit = ($319.55 - $300) - ($40.80 - $19.25)
Profit = $19.30
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8. Nathan is the administrative manager at Woodlands, Inc. The organizational procedures and policies of the company prevent Nathan from implementing many of his ideas to increase efficiency. This indicates a low degree of which reduces Nathan's ability to influence others (power) A. centrality B. discretion C. substitutability D. ingratiation E. visibility 9. Mathew is one of the top attorneys at his law firm. His brilliance in handling some of the most difficult and high-profile cases has earned him fame far and wide, and he wields considerable influence in the running of the firm. Mathew's high degree of ___ ensures that he has considerable power to influence others. A. internalization B. discretion C. substitutability D. ingratiation E visibility
"Nathan is the administrative manager at Woodlands, Inc. The organizational procedures and policies of the company prevent Nathan from implementing many of his ideas to increase efficiency. This indicates a low degree of discretion, which reduces Nathan's ability to influence others." Thus, Option D is correct.
"Mathew is one of the top attorneys at his law firm. His brilliance in handling some of the most difficult and high-profile cases has earned him fame far and wide and he wields considerable influence in the running of the firm. Mathew's high degree of visibility ensures that he has considerable power to influence others." Thus, Option E is correct.
The Explanation to Each AnswerNathan, as an administrative manager, faces limitations in implementing his ideas to enhance efficiency in Woodlands, Inc. due to the company's strict procedures and policies. This indicates a low level of discretion, which refers to the decision-making authority and independence an individual has within their job.Learn more about discretion https://brainly.com/question/15022176
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13. Which of the following makes up one's material wealth? (Choose all that apply.)
I A. Fees
B. Assets
c. Friendships
D. Volunteer work
Answer:
B. Assets
Explanation:
Which of the following occurs when a new tax is placed on satellite radio services, which have normal looking demand and supply curves? The quantity of satellite radio services will rise to make up for the tax. The profits of satellite radio companies will rise. The price consumers pay rises by less than the amount of the tax. Consumers will end up with the entire burden of the new tax.
If a new tax is placed on satellite radio services, the price consumers pay will rise.
However, the increase in price will be less than the amount of the tax, because the normal-looking demand and supply curves mean that the quantity of satellite radio services will also rise to compensate for the tax. This means that the burden of the tax will not fall entirely on the consumers, but will be shared by both the producers and consumers. As for the profits of satellite radio companies, they may rise or fall depending on the specifics of the tax and the market conditions. Overall, the imposition of a new tax on satellite radio services will likely lead to a change in the market equilibrium, with adjustments in both price and quantity.
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The benefits of effective listening are:
what are the three most important value drivers that managers can use to create a competitive advantage?
The correct answer is that The most important value drivers that managers can use to create a competitive advantage are. -complements -product features -customer service.
What is competitive advantage?Competitive advantage is central to an organization's performance in a competitive marketplace.
Differentiate your company from its competitors and pave the way for higher profit margins, greater return on investment and accumulation of valuable resources.
Competitive advantage comes from the value a company can create for its customers. Sometimes this comes in the form of lower prices than competitors for the same benefits, and sometimes in the form of unique benefits that offset the higher prices.
Ultimately, the value created for the customer must outweigh the initial cost of creating that value for the organization.
There are two types of competitive advantage-> Low cost - when a company can manufacture a product at a lower cost than its competitors.
Differentiation – When an organization can differentiate its products and services in terms of quality, style, customer service, etc. to provide customers with better value than their competitors.
Cost advantage and differentiation is the ability to better manage industry structure, or industry forces (as introduced in Michael Porter's model of five forces) that influence profitability, than competitors.
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a student has researched the financial resources of a business and prepared a bar chart indicating that the net income of the business has decreased for the last three years. in a business case analysis, this students chart and analysis should be included in which section of the business case analysis?
The student's chart and analysis of the financial resources of the business, specifically the decrease in net income over the last three years, should be included in the "Problem/Opportunity" section of the business case analysis.
The student bar chart and analysis of the company's financial resources should be included in the "Financial Analysis" section of the business case analysis. The financial analysis section of the business case analysis explores the company's financial performance in detail. It helps stakeholders understand the company's current financial position, profitability and associated risks. Analysis includes financial statements, key performance indicators, and indicators that help determine a company's financial strengths and weaknesses. In this case, the student-created bar chart shows that the company's net income has declined over the past three years. This information is critical to understanding the company's financial performance and should be included in the financial analysis section of your business case analysis. For example, it could be due to a decrease in sales, increased expenses, or changes in market conditions. Including this analysis in the financial analysis section can help stakeholders understand the underlying causes of the financial performance and provide a basis for developing strategies to improve the financial performance of the business.
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In the event of a fire, what is the best way to determine if a door is safe to open?
a.
Avoid touching it except to kick it open
b.
Check it for heat with your forearm
c.
Check it for heat with the back of your hand
d.
Check it for heat by grabbing the doorknob
ANSWER: Check it for heat with the back of your hand.
EXPLANANTION: This way if the door is hot, you'll have a burn on the back of your hand instead. It won't be fun, but you can still use the hand and grab things.
In an extreme case, if the door were to be too hot and you grabbed it with your palm and fingers, it could melt the flesh and stick to the hot door. That would be very painful and you may permanently lose function in your hand or have to have it amputated (removed.)
as
Enrico waited ten years to file a cause of action against Frederico for a breach of contract claim. Frederico can use
his defense.
O insanity
O necessity
Statute of Limitations
O ignorance of the law
Answer:
Statue of limitations
Explanation:
Which aspect of Darron's career matches his lifestyle but is also in conflict with some of his desires? busyness while at work earning money frequent travel strong competition
Answer:
frequent travel
Explanation:
Since in the question it is mentioned that Darron loves his carrier as it fits with his lifestyle. He knows how to make a money and how to keep busy also he loves travelling plus he wish that he could spend more time with his family members
So here the frequent travel fits in the given situation as he loves travelling so he travel frequently
Therefore the same is considered
Answer:
its travel
Explanation:
based on your current knowledge and work experience, which strategic training and development initiatives do you think that all companies should support regardless of economic conditions
Regardless of the situation of the economy, a firm must keep its attention on its goals by promoting employees within the organization and providing them with ongoing training.
How would you define organization?An organisation is a group of individuals who work together, such as a business, neighbourhood association, nonprofit, or union. A person, a group, a business, or the act of establishing or developing anything can all be referred to as a "organization."
Which three categories do organizations fall under?Corporations, partnerships, and sole proprietorships are the three primary types of business entities in the US. In today's session, the benefits and drawbacks of each organizational model will be discussed using the low-cost chocolate industry as a case study.
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New batteries are needed to power our electronic devices—our cell phones, tablets, and computers—and that market is exploding. Researchers are developing lithium-ion batteries that will be vital to clean-energy and automobile manufacturing and could open up huge new markets. Currently, the domestic production accounts for about 12 percent of the world's production. The country has a domestic supply of raw materials, but production is limited and prices remain high compared to imported batteries.
The government could invest in technology and research.
The government could purchase domestic batteries exclusively.
The government could impose heavy tariffs on all imported batteries.
The government could ban imported batteries.
Answer:
The government could impose heavy tariffs on all imported batteries.
Explanation:
Import tariffs are taxes imposed on imported commodities. Should the government impose heavy tariffs on the imported batteries, their prices in the domestic market will go up.
One of the objectives of a tariff is to protect locally produced goods from unfair competition by low-priced imports. The imposed tax become a cost to the imported batteries, which will make them more expensive. The locally produced batteries will compete favorably with the imports. The domestic industry will grow since it has raw materials and a market to sell its products.
Which of these is a financial service offered to business owners?
A.) Core Competencies
B.) Dividend payments
C.) Insurance
D.) Operational efficiencies
Answer:
C.) Insurance
Explanation:
Financial services include the services offered by banks, insurance companies, investment houses, real estate brokers, lenders, and finance companies. These services have a commercial aspect of either saving (pooling of resources), borrowing, or investing.
In this list, insurance is a financial service. Insurance is the purchase of protection or cover against risks. Insurance companies undertake to provide financial compensation in the event of loss arising from the risk insured against in exchange for premiums. Insurance companies pool resources together to compensate a member who has suffered a financial loss.
What are the potential positive impact of government in the external environment
The government can have several potential positive impacts on the external environment, including Economic growth, Infrastructure development, Trade policies.
Economic growth: Governments can stimulate economic growth through policies that encourage investment, job creation, and business expansion. This can lead to increased business activity, higher employment, and improved consumer confidence.
Infrastructure development: Governments can invest in infrastructure such as transportation, energy, and communication systems, which can improve the efficiency of business operations and increase competitiveness.
Trade policies: Governments can negotiate trade agreements and establish policies that facilitate trade between countries, leading to increased international business opportunities.
Environmental protection: Governments can establish regulations and policies that promote sustainability and protect the environment, leading to improved public health and a healthier planet.
Social welfare: Governments can provide social safety nets and support programs to vulnerable populations, reducing poverty and inequality and promoting a stable and prosperous society.
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If you are interviewed by more than one person, you should send a thank-you note to _____.
each person in the interview
each person you see in the building
the first person you are introduced to
the person who is obviously leading the interview
Answer:
option A is correct.
i.e.
each person in the interview.
Explanation:
Because thank-you letter provides a simple but effective way to express gratitude to all the individuals you met with.
Did the demand curve shift during the coronavirus?
Answer:
Yes, it is correct to say that the demand curve shifted during the coronavirus, as the pandemic was an unexpected event that caused a planned economic recession, with the main objective of reducing production levels and demand in order to contain the pandemic.
One of the examples was the legislation that forced the closing of stores and restaurants in order to reduce the circulation and agglomeration of people in order to reduce the contagion by the virus, which caused a drop in demand and jobs.
what is khat's theory
Kant's theory is a universal ethical principle and they are typically organized around the notion of a categorical imperative.
What is Kant's theory?Kant's theory of ethics can be defined as a universal ethical principle which states that an individual should respect the humanity in others always, and they should always act in accordance with rules that holds for everyone only.
What are ethics?Ethics can be defined as a set of both written and unwritten principles, values or rules of moral conduct that guides and governs human behaviors. It's a reflection that is typically based on identifying what is good or bad, right or wrong and just or unjust with respect to human behaviors.
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Complete Question?
What is Kant's theory?
Money is used for buying and selling goods and is therefore considered what?
a) not very liquid
b) a medium of exchange
c) debt a checkable deposit
Why is it common for producers of services to sell through short distribution channels directly to the end user
Answer: “The people providing the service often fo so by interacting directly with the user”
Explanation: just took the quiz
Answer: B. The people providing the service often fo so by interacting directly with the user
Explanation: I just took the quiz and the answer was correct
Accounting project 2.3.1 ap3x learning?
Answer:
Answer:
P (A or B)= 0.65
Explanation:
Step-by-step explanation:
Given
P(a) = 0.60
P(b) = 0.20
P(a and b) = 0.15
QUESTIUN S What is a premium?
Answer:
a premium is a price paid for higher and better quality value
Explanation:
the word premium comes from the Latin premium which means prize or reward hope this helps!!
Why is it important to learn to be a team player
Answer:
Businesses thrive when they have a diverse team of people who can contribute individual ideas. Teamwork helps solve problems. Collaboration within a group can help solve difficult problems. Brainstorming is a good opportunity for the team to exchange ideas and come up with creative ways of doing things.
Explanation:
In this task please utilize the Excel spreadsheet called FFportfolios posted in the reading materials for Week 2. Using the software of your choice, for the four Fama-French portfolios (big/value, big/growth, small/value, small/growth) please compute (and provide the relevant spreadsheet or code for the computations):
a. arithmetic average of returns (10 points),
b. their standard deviation (10 points),
c. risk premia (10 points),
d. standard deviations of excess returns (10 points),
e. Sharpe ratios. When looking at Sharpe ratios, please indicate which of the portfolios is the most and which is the least attractive.
a. To calculate the arithmetic average of returns, you need to find the mean of the returns for each portfolio. This can be done using the AVERAGE function in Excel or similar software.
b. The standard deviation of returns can be calculated using the STDEV function in Excel or similar software. This will give you a measure of the dispersion or volatility of the returns for each portfolio.
c. Risk premia can be obtained by subtracting the risk-free rate from the arithmetic average returns of the portfolios. The risk-free rate can be a constant value or obtained from a reliable source such as government bond yields.
d. To calculate the standard deviations of excess returns, you need to compute the excess returns by subtracting the risk-free rate from the actual returns. Then, calculate the standard deviation of these excess returns using the STDEV function in Excel or similar software.
e. The Sharpe ratio can be calculated by dividing the excess return of each portfolio by its corresponding standard deviation of excess returns. This will give you a measure of risk-adjusted return. Higher Sharpe ratios indicate better risk-adjusted performance.
By comparing the Sharpe ratios, you can determine which portfolio is the most attractive (higher Sharpe ratio) and which is the least attractive (lower Sharpe ratio).
I recommend using the provided FFportfolios Excel spreadsheet and inputting the relevant data and formulas to compute these metrics.
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21. What are employee incentive plans and what do they offer?
Employees that create more are encouraged to do so and are rewarded accordingly under the incentive plan. The phrase "Pay for Performance" describes remuneration choices such merit pay, commission, individual incentive, group incentive, and gain-sharing plans.
What exactly are employee incentive programs?A company may decide to adopt an employee incentive program to encourage staff productivity. Employee incentives are a system that recognizes and rewards effort and success in the workplace by providing employees with the chance to receive prizes or recognition.
Why do workers appreciate incentive plans?Businesses may boost productivity, lower attrition, and reduce production costs by implementing reward programs for their staff. It raises morale, motivates staff, and fosters collaboration by increasing employee involvement. The incentive programs benefited the labor as much as the businesses.
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In actual practice, managers frequently use the: I. average accounting return method because the information is so readily available. II. internal rate of return because the results are easy to communicate and understand. III. discounted payback because of its simplicity. IV. net present value because it is considered by many to be the best method of analysis
Answer:
45
Explanation:
edg
Frequently managers use the ARR method, IRR method, and NPV method in the process of capital budgeting.
What is a budget?A budget You can prepare for your income and expenses over the course of a specific time period using a budget. Making a monthly budget, for instance, considers where your income and expenses will go each month. "A budget is frequently a dirty term or has a nasty ring to it.
Simply said, a budget is a spending plan that accounts for both present and future sources of income and expenses. A budget ensures that your spending is under control and that your savings are on track for the future.
The reason for using these 3 methods is that they use the concept of the time value of money and are easy to understand.
The ARR method information is readily available.
The IRR method is easy to understand.
Also, many companies use the NPV technique.
Therefore, Thus option (C) is correct.
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A store advertises new TVs for $100 a month for six $600 in order to
A. encourage customers to buy more than one item
B. make a larger price tag look more manageable
C. make signage more attractive to shoppers
D. significantly reduce the amount of tax taken
Answer:
B. make a larger price tag look more manageable
Explanation:
A price tag of $600 may see a too high price for many customers. To eliminate the perception of a huge price/expensive TV, the store opts to spread the TV cost over six months. The customer will end up paying $600 for the TV( 6 x $100).
The $600 price tag may discourage some customers, which translates to a loss of sales. $100 for six months is attractive, pocket friendly and may generate many sales to the store.
if a process is both endothermic and spontaneous, then __. a) δu is less than 0 b) δh is less than 0 c) δg is greater than 0 d) δs is greater than 0 e) δh is equal to 0
If a process is both endothermic and spontaneous, then ΔG (change in Gibbs free energy) is greater than 0.
Spontaneity of a process is determined by the sign of ΔG. If ΔG is negative, the process is spontaneous, while if ΔG is positive, the process is non-spontaneous. In this case, since the process is stated to be spontaneous, we can conclude that ΔG is greater than 0.Endothermic processes absorb heat from their surroundings, resulting in an increase in internal energy (ΔU) and enthalpy (ΔH). However, the spontaneity of a process is primarily determined by the change in free energy (ΔG), which takes into account both ΔH and ΔS (entropy change).For an endothermic process to be spontaneous, the increase in entropy (ΔS) must be significant enough to outweigh the positive ΔH term. This results in a positive ΔG, indicating a non-spontaneous process.Therefore, the correct answer is c) ΔG is greater than 0, as the process being both endothermic and spontaneous implies a positive ΔG value.
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The manager of the donut shop tells you that he sells donuts for $1 each. If he were to make additional donuts, based on his current level of output, it would cost him $0. 80 per donut.
The manager ought to make more donuts in light of the information presented.
What word best defines an output whose average total cost is the lowest possible?When the average cost of production rises above a particular level of output, the opposite phenomenon—diseconomies of scale—occurs. The minimal efficient scale (MES) of output for a company or factory is reached when the average costs are at their lowest level.
What is marginal cost, exactly?When we talk about marginal cost, we're talking about the rise in production costs brought on by the creation of more product units. The marginal cost of manufacturing is another name for it. Businesses may evaluate how cost and earnings are influenced by volume output by calculating the marginal cost.
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Which of the following statements about SAP R/3 is true?a. It supports a single function or departmentb. It is an end-to-end enterprise systemc. Sharing data between departments is problematicd. None of the above,
The correct answer is b. It is an end-to-end enterprise system.
SAP R/3 is an enterprise resource planning (ERP) system developed by SAP. It is designed to integrate and manage various business functions and processes within an organization. Unlike option a, which suggests that it supports a single function or department, SAP R/3 provides a comprehensive solution that spans multiple departments and functions.
Option b accurately describes SAP R/3 as an end-to-end enterprise system. It covers a wide range of business areas such as finance, human resources, supply chain management, sales, and more. This integration allows for seamless flow of data and information across different departments, enabling better coordination and decision-making.
Option c is incorrect because SAP R/3 is specifically designed to facilitate data sharing and integration between different departments. It provides a centralized database that allows for efficient data access and communication across various functions.
Therefore, the correct statement is b. SAP R/3 is an end-to-end enterprise system.
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