When you calculate confidence intervals using a z-test for one-sample proportion, you can draw inferences about a past population's growth rate.
Specifically, you can use the confidence interval to estimate the true proportion of the population that falls within a certain range. For example, if the confidence interval is (0.2, 0.4), you can be 95% confident that the true proportion of the population that falls within that range is somewhere between 0.2 and 0.4.
This can be useful in making inferences about past growth rates because you can estimate the proportion of the population that grew, remained stable, or declined within a certain time period.
To calculate the confidence interval for a one-sample proportion using a z-test, you need to know the sample proportion, sample size, and level of confidence.
You can use the formula:CI = p ± z*√(p(1-p)/n)where p is the sample proportion, n is the sample size, z is the z-score for the desired level of confidence, and √(p(1-p)/n) is the standard error of the proportion.
Once you calculate the confidence interval, you can use it to make inferences about the population's growth rate.
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An increasing average receivables collection period indicates Multiple Choice the firm is generating more income. accounts receivable are going down. the company is becoming more efficient in its collection policy. the company is becoming less efficient in its collection policy.
An increasing average receivables collection period indicates that the company is becoming less efficient in its collection policy.
This means that it is taking the company longer to collect payments from its customers, which can have a negative impact on cash flow and overall financial performance. It may also suggest that the company needs to review its credit and collection policies to improve the efficiency of its receivables management.
What do you mean by financial performance?
Financial performance refers to the measure of how well a company uses its resources to generate profits and create value for its stakeholders. It is a broad term that encompasses various financial metrics and indicators, such as revenue growth, profitability, efficiency, liquidity, and solvency.
Financial performance is a key aspect of a company's overall health and success, and is often used by investors, analysts, and other stakeholders to evaluate the company's prospects and make investment decisions.
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What is savings?, How can you save in a bank? And why is it important?
Explanation:
Savings are the money one has saved, especially through a bank or official scheme.
You can save in a bank by frequently depositing money into a bank account.
Savings are important for the availability of money during emergencies or to avoid going into debt to pay for your necessities.
When a tariff is imposed on imports, the price in the market ______ by the full amount of the tariff.
Ehen a tariff is imposed on imports, the price in the market increases by the full amount of the tariff. This means that the tariff is passed on to the consumer in the form of a higher price for the imported good.
Tariffs are taxes placed on goods that are imported into a country. The purpose of a tariff is to protect domestic industries from foreign competition by making imported goods more expensive than domestically produced goods. When a tariff is imposed on imports, the importer must pay the tax to the government, and this additional cost is then passed on to the consumer in the form of a higher price for the imported good. The amount of the tariff is added to the original price of the imported good, resulting in a total price that is higher by the full amount of the tariff.
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What Does Net Present Value (NPV) Mean?
Answer:
Net Present Value (NPV) is a financial metric that calculates the present value of a series of future cash flows, discounted at a specified interest rate.
Net Present Value (NPV) is used to determine the profitability of an investment by comparing the amount of the investment to the present value of the expected returns. A positive NPV indicates that an investment is expected to be profitable, while a negative NPV indicates that it is not.
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According to Knight, "Net present value is the present value of the cash flows at the project's needed rate of return compared to your initial investment. It's a way to determine your return on investment, or ROI, for a project or expense, in more concrete terms.
Why is a high NPV important?A long-term project should move forward if it has a positive net present value since it will likely bring in more money than the corporation might make by earning the discount rate.
Is a high or low NPV preferable?A higher net present value is preferable to a lower one when comparing similar investments. The size of the NPV is less significant when comparing investments of various sizes or durations because NPV is expressed as a dollar number and the bigger the investment amount or duration, the higher the NPV is likely to be.
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which term refers to a comparison of income versus the relative cost of a standard set of goods and services in different geographic areas?
The term that refers to a comparison of income versus the relative cost of a standard set of goods and services in different geographic areas is "purchasing power parity" (PPP).
PPP measures the purchasing power of a currency by taking into account the price levels of goods and services across different locations. It helps determine the standard of living and economic disparities between countries, as it adjusts for cost differences and allows for more accurate cross-country comparisons of income and wealth.
Purchasing power parity (PPP) is a concept used to compare the income levels of different countries by taking into consideration the relative cost of a standard set of goods and services. It adjusts for price differences across geographic areas, allowing for a more accurate comparison of the purchasing power of different currencies. By using PPP, economists and policymakers can better understand the standard of living and economic disparities between countries. It helps to reveal whether a certain income level in one country can buy a comparable basket of goods and services as another country. PPP is essential for making meaningful cross-country income and wealth comparisons.
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TRUE OR FALSE: when you have a credit card or loan, it is better to have higher interest rate
Answer: Lower interest rate are better. Higher interest rate is worse
Explanation:
A lower interest rate is better when borrowing money through credit cards or loans. You will be paying less. High interest rates are only good when you are the lender.
what are factors that are currently negatively affecting the russian economy? (choose every correct answer.) multiple select question. widespread corruption that creates ethical dilemmas for foreign companies that might otherwise want to operate in the country international sanctions on russia in response to its interference in foreign democratic elections an aging population and low birthrate that are leading to a shrinking population a growing middle class that exhibits a strong preference for russian-made goods and rejects products from western countries
The factors that are currently negatively affecting the Russian economy are widespread corruption that creates ethical dilemmas for foreign companies. Therefore, the correct options are A and B.
The economy of Russia is an upper-middle-income mixed and transition economy, with enormous natural resources, particularly oil and natural gas. It is the world's ninth-largest economy by nominal GDP and the sixth-largest by purchasing power parity.
Widespread corruption that creates ethical dilemmas for foreign companies that might otherwise want to operate in the country and international sanctions on Russia in response to its interference in foreign democratic elections are the factors that are currently negatively affecting the Russian economy.
Other factors that affect the Russian economy are: An aging population and low birthrate that are leading to a shrinking population. A growing middle class that exhibits a strong preference for Russian-made goods and rejects products from western countries. Therefore, the correct options are A and B.
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An llc is a flexible type of business entity that offers its owners many advantages: ________. (choose all the correct answers)
An llc is a flexible type of business entity that offers its owners many advantages flexible operation ,easy formation ,limited legal liability
What is a flexible LLC?
The operating agreement's power to alter the law's default regulations is one of the flexibility options available to LLCs. The operating agreement's flexibility is increased by its flexibility to be updated or modified as the needs of the LLC change.The reason an LLC is adaptable?
The flexibility of an LLC is twofold. First off, an LLC's governance structure can be easily customized to meet the requirements and desires of the constituent members. Second, the members of an LLC can choose from a variety of taxation options based on their requirements and preferences.Learn more about flexible LLC
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QUESTION 8 of 10: You buy a lathe for $20,000. Its useful life is 10 years. Each week, over 10 years, you recognize an equal portion of its cost. This is called depreciation. What is your weekly depreciation for the lathe?
Answer:
the weekly depreciation is $38.46
Explanation:
The computation of the weekly depreciation is shown below;
Given that
The Purchase value of the lathe is $20,000
Useful life is 10 years
So, the annual depreciation is
= $20,000 ÷ 10 years
= $2,000 per year
Now the weekly depreciation is
= $2,000 ÷ 52 weeks
= $38.46
Hence, the weekly depreciation is $38.46
explain the role of director of board of directors in public company.
four points
Explanation:
The board of directors is elected to represent shareholders' interests. Every public company must have a board of directors composed of members from both inside and outside the company. The board makes decisions concerning the hiring and firing of personnel, dividend policies and payouts, and executive compensation.
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transactions for fixed assets, including sale the following transactions and adjusting entries were completed by robinson furniture co. during a three-year period. all are related to the use of delivery equipment. the double-declining-balance method of depreciation is used. year 1 jan. 8. purchased a used delivery truck for $24,000, paying cash. mar. 7. paid garage $900 for changing the oil, replacing the oil filter, and tuning the engine on the delivery truck. dec. 31. recorded depreciation on the truck for the fiscal year. the estimated useful life of the truck is four years, with a residual value of $4,000 for the truck. year 2 jan. 9. purchased a new truck for $50,000, paying cash. feb. 28. paid garage $250 to tune the engine and make other minor repairs on the used truck. apr. 30. sold the used truck for $9,500. (record depreciation to date in year 2 for the truck.) dec. 31. record depreciation for the new truck. it has an estimated residual value of $12,000 and an estimated life of eight years. year 3 sept. 1. purchased a new truck for $58,500, paying cash. sept. 4. sold the truck purchased january 9, year 2, for $36,000. (record depreciation to date for year 3 for the truck.) dec. 31. recorded depreciation on the remaining truck. it has an estimated residual value of $16,000 and an estimated useful life of 10 years. required: journalize the transactions and the adjusting entries. if an amount box does not require an entry, leave it blank. do not round intermediate calculations. year 1, jan. 8 delivery truck delivery truck 24,000 delivery truck cash cash cash 24,000 mar. 7 truck repair and maintenance expense truck repair and maintenance expense 900 truck repair and maintenance expense cash cash cash 900 dec. 31 depreciation expense-delivery truck depreciation expense-delivery truck depreciation expense-delivery truck accumulated depreciation-delivery truck accumulated depreciation-delivery truck accumulated depreciation-delivery truck year 2, jan. 9 delivery truck delivery truck 50,000 delivery truck cash cash cash 50,000 feb. 28 truck repair and maintenance expense truck repair and maintenance expense 250 truck repair and maintenance expense cash cash cash 250 apr. 30 deprec. depreciation expense-delivery truck depreciation expense-delivery truck depreciation expense-delivery truck accumulated depreciation-delivery truck accumulated depreciation-delivery truck accumulated depreciation-delivery truck apr. 30 sale accumulated depreciation-delivery truck accumulated depreciation-delivery truck accumulated depreciation-delivery truck cash cash 9,500 cash loss on sale of delivery truck loss on sale of delivery truck loss on sale of delivery truck delivery truck delivery truck delivery truck dec. 31 depreciation expense-delivery truck depreciation expense-delivery truck depreciation expense-delivery truck accumulated depreciation-delivery truck accumulated depreciation-delivery truck accumulated depreciation-delivery truck year 3, sept. 1 delivery truck delivery truck 58,500 delivery truck cash cash cash 58,500 sept. 4 deprec. depreciation expense-delivery truck depreciation expense-delivery truck depreciation expense-delivery truck accumulated depreciation-delivery truck accumulated depreciation-delivery truck accumulated depreciation-delivery truck sept. 4 sale cash cash cash accumulated depreciation-delivery truck accumulated depreciation-delivery truck accumulated depreciation-delivery truck delivery truck delivery truck delivery truck gain on sale of delivery truck gain on sale of delivery truck gain on sale of delivery truck dec. 31 depreciation expense-delivery truck depreciation expense-delivery truck depreciation expense-delivery truck accumulated depreciation-delivery truck accumulated depreciation-delivery truck accumulated depreciation-delivery truck
Regarding the utilisation of delivery equipment, Robinson Furniture Co. executed the following transactions: bought a used truck, paid for maintenance and repairs, recorded depreciation, bought a new truck, sold the used truck.
What is the adjusting entry for fixed asset depreciation?To represent the expense in the income statement and the decline in the fixed asset's value on the balance sheet, an adjusting entry for depreciation expense is a journal entry made at the end of the period.
How should depreciation be entered as an adjustment entry?Debiting the Depreciation Expense account and crediting the Accumulated Depreciation account is the fundamental journal entry for depreciation (which appears in the balance sheet as a contra account that reduces the amount of fixed assets).
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What are the similarities and differences in advertisements of the 1950s and advertisements in the 21st century?
Answer: Most similarities are some can still be in newspapers, signs, and billboards . Some differences are techology use that was not invented back then, such as television, the internet, and social media .
Explanation: hope this helps :)
Which of these is not affected by a person's credit score?
A. Apartment rentals
B. Credit card rates
C. Ability to get a cell phone contract
D. Federal income tax
Consider the dimensions of ethical behavior and discuss the following questions:
1. Who has the right to know how many sick days an employee has taken?
2. If a foreign company publishes private information about an employee who works in a local company and that information was stolen from the local company, is the local company to blame for not protecting the employee's information better?
1. The person who has the right to know how many sick days an employee has taken is the employer.
2. If a foreign company publishes private information about an employee who works in a local company and that information was stolen from the local company, the local company may be blamed for not protecting the employee's information better but it is the foreign company to blame ultimately for not acquiring the information legally.
Ethical behavior refers to the standards of conduct that demonstrate the right behaviors in specific situations. In dimensions of ethical behavior, the following are discussed: integrity, compassion, fairness, respect, responsibility, and professionalism.
1. Employers generally have the right to know how many sick days their employees have taken. It is a matter of company policy that employers keep track of the number of sick days taken by their employees. In some cases, labor laws or union contracts may require employers to track the number of sick days taken by employees. However, employers should protect the privacy of their employees and ensure that their sick time information is not shared without their consent.
2. The local company has a responsibility to protect its employees' private information from unauthorized access or theft. However, the foreign company is ultimately responsible for publishing the private information of the local company's employee. The foreign company should have exercised better judgment and ensured that the information they were publishing was obtained legally and ethically. In the case where the information was stolen, the local company may have taken all the necessary precautions to protect its employees' information, but the foreign company still bears the responsibility for publishing it.
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now imagine a measure of well-being that includes time spent working in the home and taking leisure. true or false: the change in this measure of well-being would be less than the change in gdp.
A statement "the change in this measure of well-being would be less than the change in gdp." is true because the change in GDP must be less.
What is change in GDP?Rising GDP indicates that the economy is expanding and that the resources accessible to citizens - products and services, salaries and profits - are increasing. An rise in GDP raises money demand because consumers will need more money to execute the transactions required to acquire the additional GDP.
In other words, the transactions demand impact raises actual money demand. Real GDP is a measure of an economy's total products and services in a given year that takes into account price fluctuations.
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A student in public administration wants to determine the mean amount members of city councils earn. The error in estimating the mean is to be less than $100 with a 99% level of confidence. The student found a report by the department of labor that estimated the standard deviation to be $1000. What is the required sample size?
Answer:
663.58
Explanation:
From the problem:
E, the maximum allowable error, is $100
The value of z for a 99 percent confidence level is 2.576
Estimate of standard deviation is $1,000.
n = [(z x s)/ E] ^ 2
n = [(2.576 x 1000) / 100}^2
= 25.76^2
=663.58
130. One rule of employee development is that without short-term payoffs management must be very cautious about committing the firm's resources. True False
False.One rule of employee development is that management must be cautious about expecting short-term payoffs, as it may take time for the benefits of employee development to become apparent.
However, committing resources to employee development is still important for the long-term success and growth of the organization.Employee development is the process of providing employees with opportunities to improve their skills and knowledge, as well as develop their personal and professional goals. This can include training programs, coaching and mentoring, job rotations, and other forms of learning and development activities.
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A couple deposits $17,000 into an account earning 2% annual interest for 15 years. Calculate the future value of the investment if the interest is compounded daily. Round your answer to the nearest cent
The correct answer is $32652 the future value of the investment if the interest is compounded daily.
An investment is a purchase undertaken with the hope of earning money or increasing capital. Appreciation is the term for an asset's value rising over time. When someone invests in something, they do it with the intention of using it to generate money in the future rather than for current consumption. Why investing is crucial. Investing is a smart way to put your money to work and might even make you richer. If you make smart investing choices, your money may increase in value and outpace inflation. The key factors influencing investment's larger growth potential are the power of compounding and the trade-off between risk and return.
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On January 2, 2020, Howdy Doody Corporation purchased 14% of Ranger Corporation's common stock for $59,000. Ranger's net income for the years ended December 31, 2020, and December 31, 2021, were $12,000 and $55,000, respectively. During 2020, Ranger declared and paid a dividend of $63,000. On December 31, 2020, the fair value of the Ranger stock owned by Howdy Doody had increased to $69,000. How much should Howdy Doody show in the 2020 income statement as income from this investment?
a. $16,000.
b. $8,820.
c. $10,000.
d. $18,820.
Answer:
D
Explanation:
$18,820.
The CEO of Starbucks earns the equivalent of $13,458 per hour. That wage is 1,583 times higher than that of a barista who earns between $7.50 and $9.50 per hour. ____________ explain the unequal wages as justified by the need to attract the most skilled and talented to the job of CEO.
Functionalists explain the unequal wages as justified by the need to attract the most skilled and talented to the job of CEO.
What are Functionalists?The philosophy of functionalism holds that what makes anything a thought, desire, pain (or any other sort of mental experience) is determined entirely by its function, or the role it plays, in the cognitive system of which it is a member.Each facet of society, according to the functionalist approach of sociology, is interrelated and contributes to the stability and functioning of society as a whole.According to functionalists, differential pay is justified by the need to attract the most experienced and talented CEOs.For example, the government provides education for the family's children, who in turn pay taxes on which the state depends to function.As the definition states that functionalists, differential pay is justified by the need to attract the most experienced and talented CEOs.
Therefore, functionalists explain the unequal wages as justified by the need to attract the most skilled and talented to the job of CEO.
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Marketing is an activity that creates value for customers, clients, partners, and society at large. A firm does this by ______. (Select three answers) Multiple select question. creating offerings expanding markets delivering offerings segmenting offerings communicating offerings selecting markets
Marketing is an activity that creates value for the people. The firm does this by:
communicating offeringsdelivering offeringscreating offeringsWhat is marketing?This can simply be describe as those sets of activities that people or firms engage in order to promote the buying and the selling of products and services.
The activities includes
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which of these is the healthiest inflation rate?
A. 2.5%
B. 3%
C. 3.5%
Based on the Consumer Price Index, the Federal Reserve seeks to maintain inflation at 2%. (CPI)
Price increases, or inflation, can be thought of as the gradual loss of purchasing power. The average price increase of a selection of products and services over time can serve as a proxy for the rate at which buying power declines.
A unit of currency effectively buys less as a result of the increase in pricing, which is sometimes stated as a percentage. Deflation, which happens when prices fall and buying power rises, can be compared to inflation.
The rate at which the cost of goods and services increases is known as inflation.
Demand-pull inflation, cost-push inflation, and built-in inflation are the three categories into which inflation is sometimes divided.
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A. If Dave had borrowed $240 for one year at an APR of 4 percent, compounded monthly, what would have been his monthly loan payment? Use Exhibit 1B-4. (Do not round your intermediate calculations. Round your final answer to 2 decimal places. Omit the "$" sign in your response. )
PMT $
b. What would have been the breakdown between interest and principal of the fifth payment? Use Exhibit 1B-4. (Do not round your intermediate calculations. Round your final answers to 2 decimal places. Omit the "$" sign in your response. )
Interest $
a. Monthly loan payment: $20.00 b. Breakdown between interest and principal of the fifth payment: Interest: $0.80, Principal: $19.20
a. To calculate the monthly loan payment, we can use the formula for the monthly payment on an amortizing loan:
PMT = P * r * (1 + r)^n / ((1 + r)^n - 1)
Where:
P = Principal amount borrowed
r = Monthly interest rate
n = Number of monthly payments
Given:
Principal amount (P) = $240
APR = 4% (annual percentage rate)
Compounding period = Monthly (12 periods in a year)
First, we need to convert the annual interest rate to a monthly rate:
Monthly interest rate (r) = APR / 12 / 100
Next, we calculate the number of monthly payments (n) for one year:
Number of monthly payments (n) = 1 * 12 = 12
Now we can substitute the values into the formula and calculate the monthly loan payment:
PMT = $240 * (0.04 / 12) * (1 + 0.04 / 12)^12 / ((1 + 0.04 / 12)^12 - 1)
PMT ≈ $20.00
Therefore, the monthly loan payment would have been approximately $20.00.
b. To determine the breakdown between interest and principal of the fifth payment, we can refer to the amortization table provided in Exhibit 1B-4. Since the loan term is one year with monthly payments, the fifth payment corresponds to the fifth month.
From the table, we can find the interest portion and principal portion for the fifth payment. The interest portion represents the interest charged on the remaining principal balance, and the principal portion represents the reduction in the outstanding loan balance.
According to the table, the interest portion of the fifth payment is $0.80, and the principal portion is $19.20.
Therefore, the breakdown between interest and principal of the fifth payment would have been $0.80 in interest and $19.20 in principal.
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Which consideration must a society address when deciding for whom to produce a potentially scarce or limited
resource?
O Who can be most creative with the product?
O Who has the largest resource pool?
O Who has the greatest need?
O Who can bring in the greatest profit?
Answer:
who has the greatest need
Explanation:
A society will give consideration to those who have the greatest need for a scarce resource when producing them.
What are scarce resources?Scarce resources refers to those resouces which are in limited quantity whereas the demand for them is great.
Scarce resources must be managed effectively in order to ensure that they are not exhausted and that they get to those most in need of them.
Therefore, a society will give consideration to those who have the greatest need for a scarce resource when producing them.
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Employees in the Agriculture, Food, and Natural Resources career cluster work
Created by workers in the agricultural, food, and natural resource industries. This includes food, livestock, wildlife, plants, textiles, wood, and crops.
What are employees?A person who is paid to work for another person or business is an employee.
Employees need only be paid by an employer for their labor in order to qualify as employees; they are not required to work full-time (the person or business that pays them).
A salesperson at a retail establishment is an example of an employee.
As the worker must do responsibilities in a set manner, such as wearing a name tag and greeting the customer with precise phrasing, the worker is considered an employee.
Produced by employees in agriculture, food, and natural resources
Food, animals, plants, textiles, wood, and crops are all included in this.
You could work in a greenhouse, dairy, orchard, farm, ranch, or nursery.
As a scientist or engineer, you could potentially work in a clinic or laboratory.
Therefore, created by workers in the agricultural, food, and natural resource industries. This includes food, livestock, wildlife, plants, textiles, wood, and crops.
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Correct question:
Where do employees in the Agriculture Food and Natural Resources career cluster work?
cost of merchandise sold is often the largest expense on a merchandising company income statement.
T/F
True, the cost of merchandise sold is often the largest expense on a merchandising company's income statement.
In a merchandising company, the cost of merchandise sold (also known as the cost of goods sold or COGS) is typically the largest expense item on the income statement. This is because it represents the cost of acquiring or producing the goods that are sold to customers, which is the company's primary business activity. The cost of merchandise sold includes the purchase price of goods, freight charges, and any other costs directly associated with acquiring or producing the goods.
By comparing the cost of merchandise sold to the company's net sales, we can determine the gross profit, which is an important measure of a company's profitability. Consequently, controlling and minimizing the cost of merchandise sold is crucial for merchandising companies to achieve higher profit margins and better financial performance.
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If you were a sole proprietor and had annual profits of $100,000, how would the profits be distributed
Pls help ASAP
The profits as a sole proprietor can be distributed as follows :
Investments savings and Capital Who is a sole proprietor ?A sole proprietor is an exclusive owner of a business who is entitled to keep or profits as well as take all the risks involved with the business.The profits from a business venture can be distributed into alternative investment opportunities, savings and part of the profit can be reinvested as capital into the business.
Hence we can conclude that The profits as a sole proprietor can be distributed as follows : Investments savings and Capital
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The Clean ’n Green recycling company identified 150 apartment complexes (worth~$500K annually in potential contracts) that don’t offer recycling for tenants even though tenants have requested the service. A recent change in city laws mandates that large apartment complexes must recycle. The city is offering a subsidy to cover the first two years of a recycling service to ensure the law can be met. Clean ’n Green has not contacted the complex owners yet. Which one of the criteria for defining a potential market is missing from this analysis?
Answer:
an organization has the ability to pay for the service
Explanation:
Potential markets are defined as business opportunities that can be captured in the future. For example of a company plans to expand its product offerings to a new segment of customers, the new set of customers are it's potential market.
Criteria for potential market includes: substantial number of customers, ability to pay for a service, identifiable and measurable, and accessibility.
In this scenario Clean ’n Green recycling don’t offer recycling for tenants even though tenants have requested the service, and recent change in city laws mandates that large apartment complexes must recycle.
The organisation is not meeting the criteria of having the ability to pay for the service.
Felipe's uncle owns a large manufacturing business with offices in three states. This type of business would BEST be described as what?
The type of business that the uncle is said to have would be described as an entrepreneurial business.
What is an entrepreneurship?This is used to refer to the business that is owned by a single person. This person is called the entrepreneur who gets to enjoy either the profit or the loss that may occur in the business that he is operating.
The question says that the uncle has a chain of these businesses across three states, we can say that the uncle is an entrepreneur.
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Answer: corporate
Explanation: it has three locations in different states, which gives it a wide range of clients.
What type of special title insurance policy is used when a property is being purchased through a land sales contract, purchase money mortgage, or purchase money trust deed
Answer:
A vendee policy.
Explanation:
A vendee policy is a type of special title insurance policy that is used when a property is being purchased through a land sales contract, purchase money mortgage, or purchase money trust deed.
This ultimately implies that, a vendee policy is an equitable buyer's lien issued to the purchaser of a real estate property in order to protect them in terms of repayment of the money being made as payment. It serves as a form of security for the buyer of a real estate property and as such it is enforceable by a court of competent jurisdiction.