In a poor economy, the cash flow that shareholders will receive in a year is most closely near 95%.
Which are some instances of economy?The traditional economy, which uses a country's traditions and history to direct the manufacture and distribution of goods, is a well-known illustration of an economy. The main pillars of traditional economies are agriculture, fisheries, and hunting.
Briefing :WEAK ECONOMY 90000
INVESTMENT 80000
RISK FREE RATE 5%
STRONG ECONOMY 117000
RATE 15.0%
EXPECTED CASH FLOW AT THE END OF THE YEAR =
0.5*90000+ 0.5*117000
= 103500
NPV = PV OF CFAT - INVESTMENT
NPV = 103500 X PVIF at 15%, 1 YEAR - 80000
NPV = 103500/(1+0.15)-80000
= 10000
INITIAL MARKET VALUE OF EQUITY = CFAT FOR THE YEAR/ (1+ COST OF EQUITY)
INITIAL MARKET VALUE OF UNLEVERED EQUITY = 103500/1.15
= 90000
INITIAL VALUE ACCORDING TO MM =
= WILL NOT CHANGE 90000
LESS: DEBT = 80000
INITIAL EQUITY
= VALUE OF LEVERED EQUITY
= 10000
ke= COST OF CAPITAL FOR LEVERED EQUITY
ko + (ko-kd)*(D/S)
= 15% + (15%-5% ) * (80000/10000) = 95.00%
ke= 95%
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The Complete Question :
Consider a project with free cash flows in one year of $90,000 in a weak economy or $117,000 in a strong economy, with each outcome being equally likely. The initial investment required for the project is $80,000 and the project’s cost of capital is 15%. The risk-free interest rate is 5%.
Suppose that to raise the funds for the initial investment the firm borrows $80,000 at the risk-free rate, then the cost of capital for the firm’s levered equity is closest to?
(1) 45%
(2) 25%
(3) 15%
(4) 95%
a major drawback associated with customer relationship management systems is that:
A major drawback associated with customer relationship management (CRM) systems is that they can be costly and complex to implement and maintain.
While CRM systems offer numerous benefits, such as improved customer satisfaction and increased sales, they also come with certain drawbacks.
One significant drawback is the cost and complexity involved in implementing and maintaining CRM systems.
Implementing a CRM system requires a significant investment in terms of software licenses, infrastructure, training, and ongoing maintenance and support.
CRM systems often require customization and integration with existing systems, which can further add to the complexity and cost.
Additionally, organizations may need to allocate resources for data migration and cleaning, as well as ongoing data management to ensure the accuracy and integrity of customer information.
Moreover, CRM systems can be challenging to adopt and integrate into existing workflows and processes.
Employees may require training and change management efforts to effectively use the CRM system, which can disrupt daily operations and potentially face resistance from employees who are resistant to change.
Overall, while CRM systems offer valuable functionalities, organizations need to carefully consider the costs, complexity, and organizational readiness before implementing and managing them effectively.
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1) Robolane Incorporated manufactures and distributes small robotic toys. Because most of its orders are via telephone or fax, numerous orders have to be reworked. The average cost of the reworked orders is $12.45: $5 for labor, $5.15 for more materials, and $2.30 for overhead. This ratio of costs holds for the average original order. On a recent day, the shop reworked 80 orders out of 800. The original cost of the 80 orders totaled $2,000. The average cost of all orders is $26.245, including rework, with an average selling price of $35. Required: Prepare the necessary journal entry to record the rework for the day if the shop charges such activities to Robo Department Overhead Control. Prepare journal entries to record all relevant rework charges as well as to transfer the reworked items finished goods to Finished Goods Inventory.
Answer:
Following are the Journal entries to the given question:
Explanation:
Accounts Dr Cr
Robo Department Overhead Control 996
Materials Control \((80 \times 5.15) \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ 412\)
Wages Payable \((80\times 5)\ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ 400\)
Shop overhead control\((80\times 2.30) \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ 184\)
Finished Goods \(2000\)
Work in process control \(2000\)
Primetime Incorporated is a retailer of sporting gear. It sells 500 pairs of a specific Nike sneaker each day. Nike, the supplier, takes a week (7 days) to deliver the order. For what quantity should the inventory manager place his/her next order?
Answer:
3500 units
Explanation:
The quantity at which the Primetime inventory manager places his/her next order is the reorder point.
The reorder point is the minimum quantity of inventory that a business should have in its store.
The reorder point is calculated using the formula below.
(Average daily unit sales x delivery lead time) + safety stock
For Primetime, safety stock is not mentioned
reorder point =500 units x 7 days
=3500 units
how do cellphone companies promote their product?
Answer:
they promote there company by advertising the product making commercial
In the hiring process, ____________ are people who are willing to confirm the job candidate's previous employment and discuss the candidate's qualifications for the job being applied for.
A.
Subcontractors
B.
Classifieds
C.
Personnel
D.
References
In the hiring process, Classifieds are people who are willing to confirm the job candidate's previous employment and discuss the candidate's qualifications for the job being applied for.
The term "hiring process" refers to the search, selection, and hiring of new personnel by a business. The three main parts of this process are planning, hiring, and employment selection. According to the Society of Human Resource Management, the length of the hiring process is 42 days on average (SHRM.) 27 working days are reported as the average in other job research. Your hiring process timetable should be based on the typical time to fill positions in your industry.
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A new power plant will cost $300 Million and generate 1,500,000 MWh/Yr. What is the cost per MWH for capital repayment only assuming an 11% interest rate and a 30 year operating period
The cost per MWh for capital repayment can be calculated based on the cost of the power plant, the interest rate, and the operating period. In this case, with a power plant cost of $300 million, an 11% interest rate, and a 30-year operating period, the cost per MWh for capital repayment is approximately $22.22.
To calculate the cost per MWh for capital repayment, we can use the formula:
Cost per MWh = (Capital Cost * Interest Rate) / (Operating Period * Annual Energy Generation)
Given that the capital cost is $300 million, the interest rate is 11%, the operating period is 30 years, and the annual energy generation is 1,500,000 MWh, we can substitute these values into the formula:
Cost per MWh = ($300,000,000 * 0.11) / (30 * 1,500,000)
Simplifying the equation, we get:
Cost per MWh ≈ $22.22
Therefore, the cost per MWh for capital repayment, based on the given parameters, is approximately $22.22.
This represents the portion of the cost required to repay the capital investment of the power plant over its 30-year operating period, considering an 11% interest rate.
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The tax return filing requirements for individual taxpayers only depend on the taxpayer's filing status.
False, Tax return filing requirements for individual taxpayers are not solely determined by their filing status. Factors such as income, age, and specific circumstances also play a role in determining filing requirements.
The tax return filing requirements for individual taxpayers are not determined exclusively by their filing status. Several factors, including income, age, and specific circumstances, come into play when determining these requirements. The Internal Revenue Service (IRS) establishes different filing thresholds based on these factors.
Therefore, it is crucial to consider these elements alongside the filing status to accurately determine the tax return filing obligations. The taxpayer's income level is particularly significant as it often determines whether they need to file a return.
Additionally, age and specific circumstances, such as receiving certain types of income or claiming particular deductions or credits, can also influence the filing requirements. To ensure compliance with tax laws, individuals should consider all relevant factors when determining their specific tax return filing obligations.
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Complete Question:
The tax return filing requirements for individual taxpayers only depend on the taxpayer's filing status. T/F
state the law of demand
Answer:
In microeconomics, the law of demand is a fundamental principle which states that there is an inverse relationship between price and quantity demanded. .
Explanation:
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When you apply for a mortgage, the lending institution will likely use your gross income to help decide if you qualify. What is that?
Gross income is the total amount of income you earn before any taxes or deductions are taken out. When you apply for a mortgage, the lending institution will look at your gross income to determine if you qualify for the loan.
This is because your gross income is an important factor in determining how much money you can afford to pay towards your mortgage each month. The lending institution will also look at other factors such as your credit score, debt-to-income ratio, and employment history to determine if you are a good candidate for a mortgage.
It is important to provide accurate information about your gross income when applying for a mortgage to ensure that you are able to make your payments on time and avoid defaulting on your loan.
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A homeowner's property was sold at a foreclosure sale in January. In June, the homeowner paid all monies past due and redeemed the property. In order to do this, the state in which the property is located must have
A homeowner's property was sold at a foreclosure sale in January. In June, the homeowner paid all monies past due and redeemed the property. In order to do this, the state in which the property is located must have a redemption period.
A redemption period is a specific timeframe, determined by state law, during which a homeowner can reclaim their property after a foreclosure sale by paying the outstanding loan balance, interest, and any additional costs. When a homeowner's property is sold at a foreclosure sale, it means that they were unable to keep up with their mortgage payments, and the lender initiated a legal process to sell the property and recoup their losses.
In the state where the property is located, there may be laws that allow the homeowner a period of time to redeem the property by paying off the outstanding balance on their mortgage, along with any fees or costs associated with the foreclosure.
In this case, the homeowner was able to redeem their property by paying all past due amounts in June, which effectively canceled the foreclosure sale and allowed them to regain ownership of their home. It's important for homeowners to be aware of their rights and options during the foreclosure process, and to work with their lender or a financial professional to explore all possible solutions.
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For the following situations, decide whether this is
an example of an informal or formal trade barrier.
A. Law requiring that stores be closed on Sunday
b. Beliefs about not eating certain foods
c. Special tax on the sale of books
d. Required nutritional information on food
packaging
e. Hiring family members when jobs are available
in an organization
A=formal trade
B= informal trade
C= formal trade
D= informal trade
E= informal trade
Trade is basically the activities of buying and selling of goods both locally and internationally.
Formal trade barrier refers to factors which affect trading activities negatively and are indeed legal. Such barriers include import duties, taxes etc Informal trade barrier refers to factors which affect trading activities negatively but not from government and they includes transport costs, cumbersome customs practices, regulations, corruption etcThe decision on whether the trade barrier are formal or informal are as follow:
The Law is an example of Formal trade barrier. Various belief like this is an example of Informal trade barrier.The special tax imposed on books is an example of Formal trade barrier.The required nutritional information is an example of Formal trade barrier. Hiring of family members is an example of Informal trade barrier.Lear more about Trade barrier here
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in a monopolistic competitive industry, firms can try to differentiate their prodcuts by'
In a monopolistic competitive industry, firms can try to differentiate their products to make them more attractive to consumers.
This means that they can try to make their products unique or distinctive in some way that sets them apart from their competitors. This can be achieved through various means, such as branding, packaging, design, quality, features, or customer service.
By differentiating their products, firms can create a perceived difference in the minds of consumers, which can lead to greater customer loyalty, brand recognition, and market power. Consumers may be willing to pay a premium for a product that they perceive as superior, unique, or more closely aligned with their tastes or preferences.
Differentiation can also create a barrier to entry for new firms, as they may find it difficult or costly to replicate the unique features or advantages of existing products. This can help to sustain a firm's market position and profitability in the long run.
However, differentiation is not without its challenges. It can be costly and time-consuming to develop and promote unique features or advantages. Furthermore, consumers may not always be willing to pay a premium for these features, especially if there are close substitutes available.
Therefore, firms must carefully balance the costs and benefits of differentiation to ensure that it is an effective strategy for their particular market and industry.
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Identifying majors with specific language and mathematics requirements using the degree search selection filters help you solve what type of business problem?.
Identifying majors with specific language and mathematics requirements using the degree search selection filters help you solve structured type of business problem.
What are structured problems in business?The nature of structured problems is routine. Within the organization, they frequently take place in a recognizable or comparable manner. This makes it simple for the organization to understand organized problems.
What is structured problem-solving?A learned technique called structured problem solving (SPS) enables you to take a step back and analyze all of your issues, big or small, in a more organized, concise manner. It's a "thought technique" that's frequently applied in one-on-one coaching and has been shown to be effective in treating mild to moderate depression.
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sove 3logx + 5 is equal to 8
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\(3 log(x) + 5 = 8\)
Subtract sides 5
\(3 log(x) + 5 - 5 = 8 - 5\)
\(3 log(x) = 3\)
Divide sides by 3
\( \frac{3 log(x) }{3} = \frac{3}{ 3} \\ \)
\( log(x) = 1\)
_________________________________
Reminder :
\( log_{a}(x) = b\)
\(x = {a}^{b} \)
_________________________________
Thus ;
\( log_{10}(x) = 1\)
\(x = {10}^{1} \)
\(x = 10\)
Done...
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PLEASE ANSWER QUICKLY
What does the FLSA prescribe?
A.
regular audits of a company’s financial accounts
B.
employment of people with disabilities
C.
standards for the basic minimum wage and overtime pay
D.
granting paid leaves to individuals to practice religious beliefs
Answer:
C.
standards for the basic minimum wage and overtime pay
Explanation:
Hope this helps you
Pls mark me the brainliest
Answer:
C.
standards for the basic minimum wage and overtime pay
Explanation:
Correct on Edmentum
What is financial literacy?
- the ability to understand how to make sound financial choices so you can confidently manage and grow your money
- the financial management that an individual or a family unit performs
- the shift in the structure of an economic system
- the money that a person, a region, a country, etc. earns from work, from investing money, from business, etc
Financial literacy refers to the knowledge and skills that individuals have to make informed and effective decisions with respect to the management of their money. This can include understanding financial concepts such as budgeting, saving, investing, and credit management, as well as being able to navigate financial systems and institutions. Financial literacy also includes understanding the risks and rewards of different financial products and services and how to plan for short-term and long-term financial goals.
Having financial literacy skills can help individuals make the most of their financial resources, and can also help to reduce financial stress and anxiety. It enables individuals to be more financially stable, secure and independent in the long run. It also can help to avoid financial scams, and make sound decisions in times of economic crisis or uncertainty.
Financial literacy is important for people of all ages and income levels, as everyone must deal with financial issues and decisions throughout their lives.
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Answer:1)The ability to understand how to make sound financial choices so you can confidently manage and grow your money.
2) The CEO of the Finance Bar
3) Tracking your income and expenses
4) The financial management which an individual or a family unit performs
5) your language
Explanation: Just took the quiz 5/5
With the help of online research, write a short report on “glocalization.”
The phenomena of Glocalization, which is best described as Thinking Globally, Acting Locally, is created when the two terms of globalisation and localization are combined.
To put it more properly, we may say that although if a single brand is produced, sold, and distributed globally, it is nevertheless personalised and customised to suit the tastes and preferences of customers in the many global marketplaces.
It is carried out since each region of the world has its own unique culture, linguistic preferences, demands, and desires.
By adjusting their offerings and products to meet the needs of that specific market, businesses may effectively position and place their items, resulting in high revenues and devoted customers.
The following are all global brands, although they cater to the demands of their customers in various parts of the world while selling items.
Chips by Lays (They sell different flavours in different parts of the world, according to the taste preference and eating habits of that country).
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You have a restaurant bill of $46.32. If you are taxed 75% and decide to tip your server 20%, how much is your total?
Describe the three different ways the argument section of a cover letter can be formatted.
Answer:
i think they are personal, formal and informal
Explanation:
im not sure but i think thats it
The three different ways for formatting the argument section of a cover letter are paragraphs, bullet points, and T-form.
The formal paragraph format uses the block paragraphs ideal for a business letter, wherein the argument of the cover letter is presented in the second and third paragraphs in complete sentences.
The bullet points format lists the argument of the cover letter as bulleted points instead of in paragraph form. Using bullet points focuses on the applicant's qualifications, making them attractive to the reader.
Lastly, the argument section of the cover letter can be presented in a T-form. This format enables the applicant to compare the requirements of the vacancy notice with their qualifications.
Thus, the argument section of a cover letter can be formatted uniquely, depending on the occasion and the reader.
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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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Which parts of the care plan do you recommend to be reviewed and revised? Guidance: List specific parts of the care plan that outlines task that are outside the scope of your knowledge, skills or j"
I recommend reviewing and revising the parts of the care plan that include tasks outside the scope of my knowledge, skills, or jurisdiction.
It is important to ensure that the care plan aligns with the expertise and capabilities of the relevant healthcare professionals.
As an AI language model, I don't have access to personal information or specific care plans. However, I can provide general guidance on reviewing and revising care plans. It is crucial to assess the care plan for any tasks that require specialized training, qualifications, or medical expertise beyond what I can provide. In such cases, it is advisable to involve healthcare professionals who are appropriately trained and licensed to handle those specific tasks. Collaborating with healthcare providers ensures that the care plan is accurate, safe, and aligned with the professional standards and regulations governing healthcare practices.When reviewing and revising a care plan, it is essential to consider the following aspects:
1. Task-specific expertise: Identify tasks within the care plan that require specialized knowledge, skills, or certifications beyond what an AI language model can provide. These tasks may include complex medical procedures, administering certain medications, or conducting specific diagnostic tests.
2. Legal and regulatory considerations: Ensure that the care plan adheres to the relevant laws, regulations, and guidelines governing healthcare practices in your jurisdiction. This includes understanding the scope of practice for different healthcare professionals and ensuring that tasks are assigned to the appropriate individuals.
3. Interdisciplinary collaboration: Involve a multidisciplinary team of healthcare professionals in the review and revision process. Each team member can provide input based on their specific expertise and ensure that the care plan is comprehensive and well-rounded.
4. Patient-specific factors: Consider the unique characteristics and needs of the individual patient when reviewing the care plan. Factors such as medical history, allergies, and personal preferences should be taken into account to tailor the care plan accordingly.
5. Continuous evaluation: Regularly assess the effectiveness of the care plan and make necessary revisions based on feedback, patient outcomes, and new evidence-based practices. Care plans should be dynamic and adaptable to changes in the patient's condition and evolving medical knowledge.
By carefully reviewing and revising the care plan, you can ensure that it is accurate, safe, and tailored to the specific needs of the patient while involving the appropriate healthcare professionals for tasks outside the scope of an AI language model.
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A firm can increase the size of the cash discount received by paying on the first day of the discount period rather than on the last day. True: False
A firm can increase the size of the cash discount received by paying on the first day of the discount period rather than on the last day.This statement is false.
Cash discounts are typically offered to encourage prompt payment by customers. The terms of the discount specify a certain percentage reduction in the invoice amount if payment is made within a specified period, usually referred to as the discount period. However, the discount amount remains the same regardless of whether payment is made on the first day or the last day of the discount period.The size of the cash discount is determined by the terms set by the seller, such as "2/10, net 30" which means a 2% discount if paid within 10 days, with the full amount due in 30 days. The key factor in receiving the cash discount is meeting the payment deadline within the discount period, rather than the specific day within that period. Therefore, paying on the first day or the last day of the discount period does not affect the size of the cash discount offered.
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an example of a position that might be the first step on the career ladder is a ___
An example of a position that might be the first step on the career ladder is an "entry-level" position.
Entry-level positions are typically designed for individuals who have little to no prior work experience in a specific field or industry. These positions are often characterized by basic job responsibilities, lower-level tasks, and limited decision-making authority. They are intended to serve as an entry point for individuals to enter the workforce and begin building their career path.
Entry-level positions may require minimal educational qualifications or specific technical skills, focusing more on providing on-the-job training and opportunities for professional growth. These roles often offer individuals a chance to learn about the industry, gain practical experience, and develop fundamental skills that will be valuable for their future career advancement.
As employees gain experience and demonstrate competence, they can progress to higher-level positions within the organization or seek opportunities elsewhere in their chosen field.
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Which situations offer examples of Business Financial Management workers? Check all that apply.
- Lupe analyzes investment information for companies.
- Kirk helps individuals complete bank transactions.
- Keisha uses mathematical models to make tools for analyzing finances.
- Stuart researches company records to investigate fraud.
- Margaret analyzes statistics to determine whether to offer insurance to people.
- Chung helps a family create an investment plan.
It is a mulitple choice question. you have to pick more than one.
Answer:
• Lupe analyzes investment information for companies.
• Keisha uses mathematical models to make tools for analyzing finances.
• Stuart researches company records to investigate fraud.
Explanation:
The financial management industry usually involves analysis of financial information to provide for the best investment advice.
The government is also a participant in the industry and their aim in using Financial management is to ensure that people are abiding by the law.
Lupe analazying company information is definitely part of the industry and so is Keisha. Stuart seems to be a government employee or affiliate that is in the financial management industry to ensure that the law is being adhered to.
Answer:its ACD
Explanation:
In a monopolistically competitive market, a. the entry of new firms creates externalities. b. the absence of restrictions on entry by new firms ensures that there will be no deadweight loss. c. there are always too many firms in the market relative to the socially-optimal number of firms.
Better choose A variant
As a huge math fan, you think it would be fun to have a prime number of partners in your business (including yourself) and at least 3 partners. If every partner gets one vote on major decisions, can a vote ever end in a tie (2-way, 3-way, 4-way, etc.)?
It would be fun to have a prime number of partners in your business and at least 3 partners. So, if every partner gets one vote on major decisions, a vote can end in a tie.
Prime numbers are considered to be the numbers which are greater than 1. They only have two factors, 1 and the number itself. So which means that these numbers cannot be divided by any number other than 1.
Suppose, you have a prime number of partners in your business with at least 3 partners, and if every partner gets one vote on major decisions, a vote can end in a tie. Prime numbers are used for a number of reasons.
Hence, prime numbers are natural numbers which are divisible by only 1 including the number itself.
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Hypothesize why nearly an equal number of consumers use mobile and online banking to pay bills.
Today, bills are paid by Consumers through use of mobile and online banking because its facilitate easy transaction.
Let understand that Internet Banking allows consumers to conduct online transactions through their gadget which uses an internet connection.
Mobile banking allows consumers to make transaction with or without internet.
Prior to this modern civilization, consumers will have to visit outlet which offers the service of making payment for various transaction such as Electricity bill, Mobile bills etc.
Today, the gadget allows easy transaction of those transaction.
Therefore, in conclusion, the reason why consumers mostly use the mobile and online banking to pay bills is because its facilitate quick and easy transaction.
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Which type of business ownership has limited liability?
Partnership
Sole proprietorship
Corporation
None of the above
the magnitude of operating leverage for perkins corporation is 4.5 when sales are $100,000. if sales increase to $110,000, profits would be expected to increase by what percent? a. 4.5% b.14.5% c.45% d.10%
It would be anticipated that the profit would rise by 45%. The appropriate response to the given question is option (c).
What is Operating Leverage?The percentage of a company's cost structure that is made up of fixed expenses as opposed to variable costs is measured by operating leverage. A corporation is said to have more operating leverage if its fixed expenses are higher than its variable costs.
Magnitude of operating leverage= 4.5
Old sales= $100000
New sales= $110000
Percentage increase in sales:
(New-old)/old = (110,000-100,000)/100,000
= 10%
Consequently, a percentage rise in profit might be anticipated:
sales percentage growth times the degree of operational leverage
= 10% * 4.5
= 45%
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Decision-making skills are essential for all business professionals, at every company level, who make decisions that run the business. At the operational level, employees develop, control, and maintain core business activities required to run the day-to-day operations. Operational decisions are considered structured decisions, which arise in situations in which established processes offer potential solutions. Structured decisions are made frequently and are almost repetitive in nature; they affect short-term business strategies.
At the managerial level, employees are continuously evaluating company operations to hone the firm's abilities to identify, adapt to, and leverage change. Managerial decisions cover short- and medium-range plans, schedules, and budgets along with policies, procedures, and business objectives for the firm. These types of decisions are considered semistructured decisions; they occur in situations in which a few established processes help to evaluate potential solutions, but not enough to lead to a definite recommended decision.
At the strategic level, managers develop overall business strategies, goals, and objectives as part of the company's strategic plan. They also monitor the strategic performance of the organization and its overall direction in the political, economic, and competitive business environment. Strategic decisions are highly unstructured decisions, occurring in situations in which no procedures or rules exist to guide decision makers toward the correct choice. They are infrequent, extremely important, and typically related to long-term business strategy.
Professionals decide which job candidate to hire, how to divide department funds, and when to grow into a new product market as a result of a range of various circumstances.
What do commercial decision-making skills entail?All of the skills required to make an informed, logical conclusion are decision-making skills. An employee with strong decision-making abilities can weigh all the information, comprehend the present and desired states of the business, and select the best course of action.
Who in a firm is in charge of making decisions?Final decision-making authority rests with the managers. To manage the decisions relevant to each department or function, any organisation must have a clearly defined organisational structure.
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