The basic parameters that qualify as meaningful service to the customers are the right time, the right amount, and the right condition.
When customers evaluate a product or service, they weigh its perceived value against the asking price. Marketers have generally focused much of their time and energy on managing the price side of that equation, since raising the price can immediately boost profits. What consumers truly value, however, can be difficult to pin down and psychologically complicated.
The amount and nature of value in a particular product or service always lie in the eye of the beholder. A rigorous model of consumer value allows a company to come up with new combinations of value that its products and services could deliver.
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Morricone Inc. has a position in a stock portfolio comprising the companies listed in Table 1. Correlation coefficients between stock returns are given in the correlation matrix. Table 1 Stock Position (£m) Daily Volatility 15 1.45% Eastwood Inc. Van Cleef Inc. 16 1.25% Wallach Inc. 12 1.1% Correlation Matrix Eastwood Van Cleef Eastwood 1 0.7 Van Cleef 1 Wallach Wallach 0.65 0.85 1 (a) Calculate the 5-day 95% value at risk (VaR) for the portfolio. (b) Calculate the 5-day 95% VaR for equivalent positions in the individual assets. (c) Explain and critically evaluate your results from parts (a) and (b).
The 5-day 95% Value at Risk (VaR) for the portfolio is £0.3389 million, considering the correlation matrix and daily volatilities.The individual assets' equivalent positions have VaR values of £0.3364 million for Eastwood Inc. and £0.4144 million for Van Cleef Inc.The portfolio's VaR is slightly lower than the sum of the VaR for individual assets, indicating a diversifying effect due to the correlation between Eastwood Inc. and Van Cleef Inc.
To calculate the 5-day 95% Value at Risk (VaR) for the portfolio, we need to consider the correlation matrix and the daily volatilities of the stocks in Table 1.
The formula for portfolio VaR is given by VaR_portfolio = (Portfolio Volatility) * (Z-score), where the Z-score corresponds to the desired confidence level.
(a) To calculate the portfolio VaR, we first need to determine the portfolio volatility. Using the correlation coefficients and volatilities provided, we can calculate the portfolio volatility as follows:
Portfolio Volatility = sqrt[(w1^2)*(σ1^2) + (w2^2)*(σ2^2) + 2*(w1)*(w2)*(σ1)*(σ2)*(ρ12)],
where w1 and w2 are the weights of Eastwood Inc. and Van Cleef Inc. in the portfolio, σ1 and σ2 are their respective daily volatilities, and ρ12 is the correlation coefficient between them.
Plugging in the values, we get:
Portfolio Volatility = sqrt[(15^2)*(0.0145^2) + (16^2)*(0.0125^2) + 2*(15)*(16)*(0.0145)*(0.0125)*(0.7)] = 0.2058.
Next, we need to determine the Z-score corresponding to a 5-day 95% confidence level. Assuming a normal distribution, the Z-score for a 95% confidence level is approximately 1.645.
Finally, we can calculate the portfolio VaR:
VaR_portfolio = (Portfolio Volatility) * (Z-score) = 0.2058 * 1.645 = 0.3389.
Therefore, the 5-day 95% VaR for the portfolio is £0.3389 million.
(b) To calculate the 5-day 95% VaR for equivalent positions in the individual assets, we can apply the same formula as above but consider each asset individually. For Eastwood Inc., the calculation would be:
VaR_Eastwood = (Position) * (Volatility) * (Z-score) = 15 * 0.0145 * 1.645 = 0.3364 million.
Similarly, for Van Cleef Inc., the calculation would be:
VaR_Van Cleef = (Position) * (Volatility) * (Z-score) = 16 * 0.0125 * 1.645 = 0.4144 million.
(c) The results from parts (a) and (b) show that the portfolio VaR (0.3389 million) is slightly lower than the sum of the VaR for individual assets (0.3364 million for Eastwood Inc. and 0.4144 million for Van Cleef Inc.).
This suggests that the correlation between Eastwood Inc. and Van Cleef Inc. (0.7) has a diversifying effect, reducing the overall risk in the portfolio.
However, it is important to note that the VaR measure assumes a normal distribution of returns and relies on historical data, which may not accurately capture extreme market events or changes in correlations.
Therefore, VaR should be used as a tool for risk assessment alongside other risk management techniques and considerations.
In addition, the VaR calculated here only provides an estimate of potential losses at a specific confidence level (95% in this case) over a specific time horizon (5 days).
It does not capture the possibility of losses exceeding the VaR estimate in extreme scenarios. Therefore, it is crucial to continually monitor and assess risks in the portfolio.
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Have it your way, is the marketing campaign slogan of the company?
Have it your way, is the marketing campaign slogan of the company Burger King.
Based on Burger King's willingness to customize orders to each customer's tastes and preferences, the company developed a highly successful advertising campaign in the early 1970s with the slogan "Have It Your Way." This strategy targeted McDonald's rigidity flaws.
Burger King rules the Internet, and companies are raising the stakes to create the most popular TV commercials. The fast food chain's "BK have it your way" ad irritated sports fans and turned it into a meme.
The new slogan and old jingle are part of Burger King's contemporary brand positioning. New brand positioning for the Miami-based burger chain's new slogan, "You Rule," was unveiled Thursday.
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How much does corporate America invest in management development?
a.hundreds of millions of dollars
b.a few million dollars
c.tens of thousands of dollars
d.little to nothing
Corporate America invests hundreds of millions of dollars in management development. The correct answer is a. hundreds of millions of dollars.
This investment is necessary for companies to maintain a competitive edge in their industries. The cost of hiring and training new employees can be high, so it makes sense for companies to invest in their current employees to retain their talents. Additionally, effective management can lead to increased productivity and profits. Some companies have even established their own corporate universities to provide ongoing development opportunities for their employees. However, the amount invested can vary depending on the size and industry of the company. Nevertheless, it is safe to say that companies recognize the importance of investing in their management teams and are willing to spend significant amounts of money to do so.
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Wisich alatoment is false? increase the frequency of the compounding inconuses the final value of an investment A compound interest investment always gives a greater torture Value than a simple intere
Based on your question, it seems you want to know which statement is false regarding compound interest and frequency. Here's my answer:
Increasing the frequency of compounding increases the final value of an investment. This statement is true because the more frequently interest is compounded, the more interest is earned on the principal and the accumulated interest.
However, the statement that "A compound interest investment always gives a greater future value than a simple interest investment" is not necessarily true. While compound interest typically provides a higher future value than simple interest, this depends on factors such as the interest rate, investment duration, and compounding frequency. In some cases, with a low-interest rate or a short investment period, the difference between the two may not be significant.
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what happens when a Market is at disequilibrium
Explanation:Disequilibrium refers to an imbalance between the quantity demanded and the quantity supplied, at a particular price. If the product is underpriced, it will cause a shortage (excess demand) and this will push up price, encouraging further supply until equilibrium is reached).
Answer:Disequilibrium refers to an imbalance between the quantity demanded and the quantity supplied, at a particular price. If the product is underpriced, it will cause a shortage (excess demand) and this will push up price, encouraging further supply until equilibrium is reached).
Explanation:
The first systematic chart ever made of an ocean current………by Benjamin Franklin.
Answer:
MARK ME BRAINLIEST PLEASE
Explanation:
was published
31)Private property and competition between businesses are common in
economies that are
(Help me plss)
A)socialist
B)communist
C)capitalist
Answer:
C)capitalist
Explanation:
Market economies and mixed economies can be described as capitalist economies. In capitalist economies, private individuals and firms own the factors of production or capital goods. The private sector produces goods and services consumed in the economy. The motive for producing the goods is the private sector's self-interest or profits.
The free enterprise market is the purest form of a capitalist economy. Capitalist economies contrast with socialists economies where ownership of capital goods is in the government's hands.
Which of the following does NOT explain why many people are not living on a budget?
People do not balance their checkbook on a monthly basis.
People find spending money a hobby and form of entertainment.
Or government is not modeling good budgeting skills.
People are unable to earn enough money to meet their financial obligations.
Answer:
People do not balance their checkbook on a monthly basis.
Explanation:
I just took the test
The amount of income a person receives before any taxes or deductions is (5 points)
net income
gross income
take home pay
earnings statement
at the general care clinic, if total assets are $100,000, long term assets are $60,000, and other assets are $10,000, what is the current asset amount?
The current asset amount at the General Care Clinic is $30,000.
This is calculated by subtracting the long-term assets ($60,000) and other assets ($10,000) from the total assets ($100,000).
To calculate the current asset amount, you first need to determine the total assets of the clinic. In this case, the total assets are $100,000.
From this, you then need to subtract the long-term assets and other assets. The long-term assets are $60,000 and the other assets are $10,000. When you subtract these two amounts from the total assets, you get the current asset amount which is $30,000.
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1. Show the first 4 months of the amortization schedule for a mortgage of $225,000 with bi-monthly payments at an annual interest rate of 3.95% amortized over 25 years. Complete your work in a chart similar to the examples on the previous page.
Bi-monthly payments mean that there are 24 payments in a year.
The given information: Mortgage amount = $225,000 Annual interest rate = 3.95%Amortization period = 25 years First 4 months of the amortization schedule with bi-monthly payments: To calculate the bi-monthly payments, we need to find the periodic interest rate and the number of payments. Bi-monthly payments mean that there are 24 payments in a year. Therefore, periodic interest rate = (annual interest rate/100)/24= (3.95/100)/24= 0.0016458333n = Total number of payments = 25 years × 24 payments/year= 600 payments Using the above formulae, we get, P = (A × r)/(1 - (1 + r)^-n) where, P = Bi-monthly payment A = Mortgage amount r = Periodic interest rate n = Total number of payments P = (225000 × 0.0016458333)/(1 - (1 + 0.0016458333)^-600)P = $936.22. The first four months of the amortization schedule with bi-monthly payments are given below: Month Beginning balance Payment Interest Principal Ending balance 1$225,000.00$936.22$738.44$197.78$224,802.222$224,802.22$936.22$737.75$198.46$224,603.783$224,603.78$936.22$737.06$199.16$224,404.624$224,404.62$936.22$736.37$199.85$224,204.78. The above chart shows the monthly schedule of payments.
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which of these facts about a region are most helpful in understanding the regions encomony
The facts about a region that are most helpful in understanding the region's economy are:
1) The average age of the population is 35.2)The area has a major shipping port.4)There is a major city 50 miles away from the region.5)The area has warm weather and ocean beaches.What facts give details about the region's economy?The fact that the average age of the population is 35 means that the population has more productive people on average and the weather being warm with ocean beaches means that tourism is a big part of the economy.
The area having a major shipping port means that transport and trade are a big part of the economy as well and the major city close to the region would also open up economic activities like trade.
Options for this question are:
1) The average age of the population is 35.2)The area has a major shipping port.3)The area's schools are named after politicians.4)There is a major city 50 miles away from the region.5)The area has warm weather and ocean beaches.6)One of the state's senators is from this region.7)The area's public libraries are named after native tribes from the region.Find out more on factors of the economy at https://brainly.com/question/8284650
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What were some of Roosevelt's major reforms?
The initiatives had a lasting impact on American society and helped to shape the role of the federal government in promoting economic stability and social welfare.
"Roosevelt" likely refers to President Franklin D. Roosevelt, who served as the 32nd President of the United States from 1933 to 1945. During his presidency, he implemented several major reforms as part of his New Deal program, aimed at addressing the economic challenges of the Great Depression. Some of Roosevelt's major reforms include:
Social Security Act (1935): One of the most significant and enduring reforms of the New Deal, the Social Security Act established a system of old-age pensions, unemployment insurance, and assistance to dependent children and disabled individuals. This program provided a safety net for vulnerable segments of the population and remains a central pillar of the U.S. social welfare system to this day.
Securities Exchange Act (1934): This legislation was designed to regulate the securities industry and restore investor confidence after the stock market crash of 1929. It established the Securities and Exchange Commission (SEC) to oversee and regulate the securities markets, protecting investors from fraudulent practices and ensuring more transparent financial markets.
National Labor Relations Act (Wagner Act) (1935): This act guaranteed workers the right to form labor unions and engage in collective bargaining. It aimed to balance the power between employers and employees, promoting better working conditions, higher wages, and increased labor rights.
Banking Reforms: Roosevelt implemented various banking reforms to stabilize the financial system and restore confidence in the banking sector. The Banking Act of 1933 (also known as the Glass-Steagall Act) separated commercial banking from investment banking, establishing the Federal Deposit Insurance Corporation (FDIC) to insure bank deposits and prevent bank runs.
Civilian Conservation Corps (CCC) (1933): This program provided jobs and economic relief to young, unemployed men during the Great Depression. It focused on conservation projects, such as reforestation and soil conservation, providing employment opportunities and addressing environmental issues.
Works Progress Administration (WPA) (1935): The WPA was a large-scale public works program that provided jobs to millions of unemployed Americans. It funded a wide range of infrastructure projects, including roads, bridges, schools, and public buildings, contributing to economic recovery and modernization.
Tennessee Valley Authority (TVA) (1933): The TVA was a federal agency created to provide economic development, flood control, and electricity generation in the Tennessee Valley region. It improved the infrastructure, promoted agricultural and industrial development, and brought electricity to rural areas.
These are just a few of the major reforms initiated under President Franklin D. Roosevelt's New Deal program
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Megha is a taekwondo expert who starts her own martial arts training academy. She conducts taekwondo classes for women and teaches them the art of self-defense. Megha can be regarded as a(n)
As Megha, who is a taekwondo expert that starts her own martial arts training academy, also conducts taekwondo classes for women and teaches them the art of self-defense, then, Megha can be regarded as an entrepreneur.
Who is an entrepreneur?This refers to the individual that starts and runs a business with limited resources, planning and responsible for all the risks and rewards of their business venture. Their business idea often entails a new product or service rather than an existing business model.
Because of the features possessed by an entrepreneur, therefore, Megha can be regarded as an entrepreneur because of her taekwando classes.
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whipple corporation just issued 285,000 bonds with a coupon rate of 6.05 percent paid semiannually that mature in 30 years. the bonds have a ytm of 6.49 percent and have a par value of $2,000. how much money was raised from the sale of the bonds? (round your intermediate calculations to two decimal places and final answer to the nearest whole dollar amount.) multiple choice
The total amount raised from the sale of the bonds is approximately $708,336,650.
To calculate the amount of money raised from the sale of the bonds, we need to determine the present value of the bond using the Yield to Maturity (YTM). Here are the steps to do that:
1. Convert the coupon rate to a semiannual rate: 6.05% / 2 = 3.025%
2. Convert the YTM to a semiannual rate: 6.49% / 2 = 3.245%
3. Calculate the number of semiannual periods: 30 years * 2 = 60 periods
4. Calculate the semiannual coupon payment: ($2,000 * 3.025%) = $60.50
5. Calculate the present value of the coupon payments: \($60.50 * [(1 - (1 + 3.245)^{-60}) / 3.245] = 1,769.87\) (rounded to two decimal places)
6. Calculate the present value of the par value: \($2,000 / (1 + 3.245)^{60} = 719.02\) (rounded to two decimal places)
7. Add the present value of the coupon payments and the par value: $1,769.87 + $719.02 = $2,488.89
8. Multiply the present value of the bond by the number of bonds issued: $2,488.89 * 285,000 = $708,336,650
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what effect might use of outdated or incorrect information have on a business?
Answer:
it could misslead or make there buisness fail
Explanation:
How important is money
Answer:
very important
Explanation:
money is a global income source for everyone. we all have different types but it is all still money. now say one country got rid of money and had people pay for stuff using other things. if china did that lots of different countries wouldn't be able to get stuff from there unless they had so much of that product they could just give it up.
Ivie Clarke has decided to launch a numbers game like Sudoku. She estimates her fixed costs to be £5,000. The variable costs are £1.20 per game. She intends to sell the games for £5.00 each. Ivie estimates she will sell 1,400 games a month. 7 (a) What is her total revenue if she sells 1,400 games? (1) (b) What are her total costs if she sells 1,400 games?(1) (c) How much profit does she make if she sells 1,400 games?(1) 8 How many games does she need to sell to cover her total costs?(1) 9 In fact the fixed costs of the business were actually £5,500. How much profit or loss would Ivie make if she sold 1,400 games. (2)
Her total revenue if she sells the 1,400 games of the numbers game is £7,000.
What is revenue?The average sales price is multiplied by the quantity of units sold to arrive at revenue, which represents the money generated by normal business operations. Net income must be deducted from the top line (or gross sales) figure in order to be calculated. In the salary summary, revenue and sales are synonymous. To determine how effectively a business collects unpaid debt, it is critical to review the cash flow summary. Cash accounting, in comparison, only records purchases as revenue when actual money changes hands. "Receipt" is the term used to describe money provided to a business. For receipts to show, income is not necessary. For instance, there will be a receipt but no income from a customer who pre-paid for a service or goods that were never delivered.
Ivie's total revenue if she sells the 1,400 games is:
Revenue = Price per game x Number of games sold
Revenue = £5.00 x 1,400
Revenue = £7,000
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How does the financial market impact the economy?
Financial markets help to efficiently direct the flow of savings and investment in the economy in ways that facilitate the accumulation of capital and the production of goods and services.
The needs of borrowers and lenders are met by the combination of well-established financial markets and institutions as well as a wide range of financial products and instruments, which benefits the economy as a whole.
Investors can specialize in specific industries or services, diversify their risks, or do both thanks to financial markets (like those that trade stocks or bonds), instruments (including bank CDs, futures, and derivatives), and institutions (like banks, insurance companies, mutual funds, and pension funds). Financial markets and financial institutions, collectively contribute to economic growth; nevertheless, the relative proportion of the two does not seem to be a significant determinant in growth.
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Write a 1 paragraph summary of how modular homes are built and used for different purposes. Please write in complete sentences and include
pros and cons of this kind of residential design.
Answer:
Modular homes are built in sections or modules off-site and then transported to the final location for assembly. These homes are often used for residential purposes, such as primary residences, vacation homes, or rental properties. They can also be used for other purposes, including office buildings, schools, and healthcare facilities. One of the main advantages of modular homes is that they can be built quickly and cost-effectively in a factory setting, with less waste and greater efficiency. Additionally, modular homes can be customized to meet the specific needs and preferences of the homeowner. However, there are also some drawbacks to modular homes, including limited design options, potential transportation issues, and potential difficulty in obtaining financing or insurance. Overall, modular homes offer a flexible and affordable option for those looking for a new home or building, but they require careful consideration of the specific needs and challenges associated with this type of residential design.
All processes and functional areas participate in the reengineering efforts of a firm.a. Trueb. False
True. The participation and collaboration of all business processes and functional domains is necessary for a reengineering initiative to be effective. This makes sure that every part of the business.
By restructuring an organization's key business processes, the business process reengineering (BPR) technique seeks to fundamentally alter how it operates. It entails thoroughly rethinking and rebuilding current processes in order to increase productivity, quality, and customer happiness while lowering costs and cycle times.Organizations may need to rearrange their structure, technology, and work culture as a result of reengineering, which often includes a radical approach to change. It frequently calls for input from cross-functional teams and concentrates on attaining a notable increase in performance. Reengineering may aid businesses in bettering their competitiveness, increasing their Trueb.
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In Swift, this term defines properties to store values, defines methods to provide functionality, and defines initializers to set up their initial state. In the following statements, is there only one subclass of Scientist? class Scientist \{\} class Geologist: Scientist \{\} class Physicist: Scientist \{\} class Astrophysicist: Physicist \{\} Only Geologist Only Physicist Both Geologist \& Physicist None of above
In Swift, this term defines properties to store values, defines methods to provide functionality, and defines initializers to set up their initial state is known as a Class.
A scientist is a person who studies, researches, and experiments with scientific knowledge. The scientist class is inherited by the Geologist and Physicist classes. Furthermore, the Physicist class is also inherited by the Astrophysicist class.
A Geologist is the only Scientist subclass available in the given options. Thus, the correct answer is: Only Geologist.
ClassA class is a blueprint for creating objects in a specific format. It defines properties for storing values, methods for providing functionality, and initializers for setting up initial states when creating new instances of the class. Inheritance is a technique that enables one class to inherit the properties and methods of another class.
Geologist
A Geologist is a subclass of Scientist. The Scientist class serves as a superclass for the Geologist class, providing properties, methods, and initializers. As a subclass, the Geologist class may inherit all of the Scientist class's properties and methods and include new ones specific to the Geologist class.
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Select the choice that accurately completes the following sentence: If a credit card advertises 1% cashback on all purchases…
Answer:
You will receive 1% of your transaction back, in cash, at the store.
Explanation:
I'm not 100% sure but I think this is correct
which is not a required term in a contract group of answer choices parties price subject matter none of the above: they are all required
As for the statement "An illusory contract is a valid contract," the answer is False. An illusory contract is an agreement that appears to be legally binding, but in reality, one party does not truly commit to any obligations or responsibilities.
1. Regarding which term is not required in a contract, the correct answer is D. None of the above, the ae all required
In a valid contract, all three terms - parties (a), price (b), and subject matter (c) - are essential components. Parties refer to the individuals or entities entering into the agreement, price is the agreed-upon compensation for the goods or services exchanged, and subject matter refers to the specific goods or services being provided.
2. As for the statement "An illusory contract is a valid contract," the answer is False. An illusory contract is an agreement that appears to be legally binding, but in reality, one party does not truly commit to any obligations or responsibilities. This lack of commitment renders the contract unenforceable, making it invalid.
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Complete question:
1. WHICH IS NOT A REQUIRED TERM IN A CONTRACT:
a. PARTIES
b. PRICE
c. SUBJECT MATTER
d. NONE OF THE ABOVE: THEY ARE ALL REQUIRED
2. AN ILLUSORY CONTRACT IS A VALID CONTRACT:
True
False
An annual reporting period consisting of any twelve consecutive months is known as:___.
An annual reporting period consisting of any twelve consecutive months is known as Fiscal year.
The government and enterprises utilize a fiscal year (FY), usually referred to as a budget year, as the time frame for accounting to create annual financial accounts and reports. A fiscal year may not end on December 31 and is made up of 12 months or 52 weeks.
Government accounting, which differs between nations, and budgeting employ a fiscal year. Additionally, it is employed by companies and other organizations for financial reporting.
Companies and workplace groups use a fiscal year, which is a 12-month period, to submit, review, and communicate their financial accounts, budgets, and objectives. This period of time need not follow the conventional January to December calendar year pattern. Every company has a unique nature when it comes to generating revenue and succeeding.
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The balanced scorecard is a unique system of performance measures in that it: (Check all that apply.) Multiple select question. has financial and nonfinancial measures. has multiple perspectives. has key indicators measured by all companies. has a focus on customer satisfaction. can only be used by small companies.
Answer:
has financial and nonfinancial measures.
has multiple perspectives.
has a focus on customer satisfaction.
Explanation:
A balanced scorecard is a strategic management performance metric in which it helps the companies to identifying and improve the operations internally for helping out the external results. Also at the same time it determined the performance data related to the past and according to this it gives the feedback so that better decisions could be carried out
So as per the given options, the above 3 options should be selected
Answer:
has financial and nonfinancial measures.
has multiple perspectives.
has a focus on customer satisfaction.
Explanation:
The time between when an event affects an economy and when we recognize that effect.
Implementation lag
Recognition lag
Cyclical asymmetry
Liquidity trap
Time between event impact and recognition: Recognition lag. Time delay in identifying and acknowledging the effects of an event on an economy.
Recognition lag refers to the delay in recognizing the impact of an event on an economy. It is the time it takes for policymakers, economists, and analysts to fully understand and acknowledge the consequences of a particular event or shock. This lag can occur due to various factors such as data collection, analysis, interpretation, and communication. For example, during an economic recession, it may take several months for official data to reflect the downturn in economic indicators such as GDP growth, unemployment rates, or consumer spending. As a result, policymakers may not immediately recognize the severity of the situation and may take some time to implement appropriate policy measures to address the recession. Recognition lag can be influenced by the complexity of the economy, the availability and reliability of data, the analytical tools and methodologies used, as well as cognitive biases and informational asymmetries.
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Faldo Corp sells on terms that allow customers 45 days to pay for merchandise. Its sales last year were $325,000, and its year-end receivables were $60,000. If its DSO is less than the 45-day credit period, then customers are paying on time. Otherwise, they are paying late. By how much are customers paying early or late? Base your answer on this equation: DSO - Credit Period = Days early or late, and use a 365-day year when calculating the DSO. A positive answer indicates late payments, while a negative answer indicates early payments.a. 21.27b. 22.38c. 23.50d. 24.68e. 25.91
Answer:
b. 22.38
Explanation:
The credit period to pay for merchandise is 45 days, sales for last year = $325,000, therefore sales/day (daily sales) = $325,000/365 = $890.41
Year-end receivables = $60,000
Company DSO = Year-end receivables/ daily sales = $60000/$890.41 = 67.38
The difference between the Company DSO and credit period determines if the payment is early or late. A positive answer indicates late payments, while a negative answer indicates early payments.
Therefore, Company DSO - credit period = 67.38 - 45 = 22.38
Since the difference is positive, it is a late payment
What is one of the biggest telltale signs of a pyramid scheme?
Pyramid schemes posing as multi-level marketing businesses by claiming to have been in the business of selling goods to customers.
What is a pyramid scheme?In a "pyramid" scheme, participants try to gain money purely by recruiting new members, typically if the recruiter guarantees a high return in a short amount of time.
There is no actual sale of merchandise or service; and. Fresh student recruitment is the main focus.
Instead of offering investments or making sales of goods, a pyramid scheme gathers members by promising income or services in exchange for bringing people into the plan.
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Describe three ways in which being a student is like being a wage earner
Answer:
Being a full-time student has quite a few similarities to being an employee, especially in the following characteristics:
1- The existence of a schedule to meet. While employees must meet a schedule in their respective jobs, students must attend their previously scheduled classes, in addition to meeting a minimum study schedule per day.
2- It is the main activity of each person. While employees spend between 8 and 10 hours of their day at work, students also spend part of their day busy with study activities, between trips, classes, studies, practical work, etc. In both cases, recreational activities are secondary to your primary obligations.
3- The economic appreciation of their activities. Employees get a salary for their work activity, while students do not get a salary but they do get knowledge, which will be economically valuable once they graduate.