Which of the following is not a key consideration when a company chooses a supplier? Select one: a. Quality control procedures of suppliers b. Reputation and financial stability c. Lead time and on-time delivery d. Size of the supplier e. Flexibility in handling changes.
Answers
The following is not a key consideration when a company chooses a supplier: Size of the supplier. Key considerations when a company chooses a supplier.
What are the considerations?These key considerations are as follows:
Quality control procedures of suppliers.
Reputation and financial stability
Lead time and on-time delivery
Flexibility in handling changes.
Size of the supplier
Quality control procedures of suppliers-
Quality control procedures refer to the set of systematic measures that ensure that the products or services meet the required standards and customer expectations. This is a key consideration when a company chooses a supplier because it assures the company that the product supplied by the supplier is of high quality and is safe for consumption.
Reputation and financial stability-
Reputation and financial stability refer to the reputation and financial status of the supplier. This is a key consideration when a company chooses a supplier because it assures the company that the supplier is reliable and can deliver quality products on time.
Lead time and on-time delivery-
Lead time and on-time delivery refer to the duration taken to deliver products or services to the customer. This is a key consideration when a company chooses a supplier because it assures the company that the supplier can deliver products on time and in the right condition.
Flexibility in handling changes-
Flexibility in handling changes refers to the supplier's ability to make changes to the product or service if necessary. This is a key consideration when a company chooses a supplier because it assures the company that the supplier is flexible and can make changes when necessary.
Size of the supplier-
The size of the supplier is not a key consideration when a company chooses a supplier. However, it is worth noting that large suppliers tend to have a wider range of products and services than small suppliers.
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Related Questions
For discrimination to be illegal, it must be taken against a person because of a
A. protected characteristic
B. personal attribute
C. red flag
D. job action
explain
Answers
Answer: A
Explanation:
you will thank am me later
Apart from Amazon, the top online retail firms in terms of online sales are all primarily Selected Answer: virtual merchants Answers: manufacturer-directs omni-channel merchants virtual merchants catalog merchants
Answers
Apart from Amazon, the top online retail firms in terms of online sales are all primarily virtual merchants. Virtual merchants are defined as retailers who conduct their businesses solely online and have no physical storefronts.
These businesses are often referred to as e-commerce stores. In terms of the leading online retail firms, companies like eBay, Walmart, and Apple have all experienced substantial growth in recent years as more and more consumers turn to online shopping as their preferred method of purchasing goods.
These firms have leveraged the power of the internet and digital technology to create robust online shopping experiences that cater to the needs of a wide range of consumers. In addition to providing consumers with a wide selection of products, these firms also offer a range of value-added services such as fast and reliable shipping, flexible return policies, and personalized recommendations.
Overall, the rise of virtual merchants has transformed the retail industry, and these firms are likely to continue to dominate the market in the years to come.
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. With respect to perils covered, what is the main difference between a Homeowners 2 (HO2) and Homeowners 3 HO3) policy?
A. HO2 covers losses caused by only those perils named in the policy; HO3 covers losses caused by all perils not specifically excluded by the policy.
b. HO2 covers losses caused by all perils not specifically excluded by the policy; HO3 covers losses caused by only those perils named in the policy.
C. HO2 offers split-limits liability coverage for named perils; HO3 offers single limit liability coverage for named perils.
D. There is no difference in how HO2 and HO3 defines and covers perils.
Answers
The main difference between a Homeowners 2 (HO2) and Homeowners 3 (HO3) policy is that HO2 covers losses caused by only those perils named in the policy, while HO3 covers losses caused by all perils not specifically excluded by the policy. The correct option is A.
What is the difference between HO2 and HO3 policies? Homeowners 2 (HO2) policy offers named perils coverage to the policyholder. Named perils are only covered in an HO2 policy.
It means that the policyholder's home and personal property are covered for only those perils that are explicitly named in the policy.
The insurance policy will only cover losses from those events that are mentioned in the policy's wording.
Homeowners 3 (HO3) policy, on the other hand, is a special type of homeowner's insurance policy that provides broad-form coverage.
It offers coverage for all perils that are not specifically excluded in the policy. The HO3 policy is the most comprehensive and widely used policy in the market.
It protects the home and personal property from all the possible perils, except for those that are excluded from the policy.
Hence, the correct option is A. HO2 covers losses caused by only those perils named in the policy; HO3 covers losses caused by all perils not specifically excluded by the policy.
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Q.1 Discuss whether or not an increase in income tax rates will improve economic performance. [8]
Answers
Because lower tax rates increase the after-tax benefit of working, saving, and investing, they have a beneficial impact on the size of the economy.
Briefing:-Through substitution effects, these larger after-tax incentives encourage workers to put in more labor, save more money, and invest more.
What transpires when income taxes rise?A tax rise will cut into discretionary income since it depletes household finances. A tax cut will result in higher discretionary income for households since they will have more money. Consumer demand, which makes up two thirds of all demand, is primarily driven by disposable income.
How does taxation impact economic expansion?mostly by way of the supply side. Specific tax preferences can have an impact on how economic resources are allocated, whereas high marginal tax rates can discourage work, saving, investing, and innovation. Tax cuts, however, can also reduce long-term economic development by raising deficits.
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Select the correct answer.
Oliver is busy planning the launch of his new company. He hired a business professional to act as the interim CEO and asked for a report on the
possible controllable risks the company could face. Which risk would be deemed as controllable?
Answers
Oliver is busy planning the launch of his new company. He hired a business professional to act as the interim CEO and asked for a report on the possible controllable risks the company. The firm’s IT architecture risk would be deemed as controllable.
What is a business?
A business can be referred to as an organization or enterprising entity that engages in professional, commercial or industrial activities. There are different types of businesses like sole proprietorships, partnerships, corporations, and more.
The businesses are basically work for profit motive. Businesses can be small-scale or large-scale. Some of the biggest businesses in the world are Amazon and Walmart.
There are different types of partners in a business. The persons who owns the shares of the company is known as shareholder. The partner who can lose only what he or she has invested in a business is the general manager.
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Answer:
i think A edmentum
according to the proposed guidelines for the use of instruction, modeling, and physical guidance, what behavioral principle is used with all three procedures?
Answers
Positive reinforcement, fading, and shaping are those behavioral principles used with all three procedures according to the proposed guidelines for the use of instruction, modeling, and physical guidance.
The idea behind positive reinforcement is that by reinforcing desired actions in pupils, they will be more likely to behave in accordance with our expectations. If a behavior is reinforced, it will probably continue over time. According to behaviorism, all behaviors are acquired through interactions with the environment. According to this learning theory, environmental variables such as upbringing have a far less important role in determining behavior than intrinsic or inherited traits.
Situational inducement is the process of changing behavior by utilizing circumstances and situations that have previously exerted power over it. Exercise keeps you physically and psychologically well; the more you exercise, the more benefits you receive. Regular physical activity for adults can lower the risk of, or assist in managing cardiovascular disease.
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A popular soft drink is sold in 2-liter (2000-milliliter) bottles. Because of variation in the filling process, bottles have a mean of and a standard deviation of 16 milliliters, normally distributed. Complete parts a and b below.
Answers
Answer:
The answer is below.
Explanation:
The z score is a used in statistics to determine by how many standard deviations the raw score is above or below the mean. The z score is given by:
\(z=\frac{x-\mu}{\sigma}\\\\where\ x=raw\ score, \mu=mean,\sigma=standard\ deviation\\\\For\ a\ sample\ size(n):\\\\z=\frac{x-\mu}{\sigma/\sqrt{n} }\)
a) Given that n = 100, μ = 2000, σ = 18
For x < 1995 millimeters:
\(z=\frac{x-\mu}{\sigma/\sqrt{n} }=\frac{1995-2000}{18/\sqrt{100} } =-2.78\)
From the normal distribution table, P(x < 1995) = P(z < -2.78) = 0.0027
b) P(z > z*) = 10% = 0.1
P(z < z*) = 1 - 0.1 = 0.9
z* = 1.28
\(z*=\frac{x-\mu}{\sigma/\sqrt{n} }\\\\1.28=\frac{x-2000}{18/\sqrt{100} }\\\\x-2000 =-2.304\\\\x=2002.3\ ml\\\\\)
From the normal distribution table, P(z < z
Required-: JOURNAL ENTRY (ACCOUNT)
Paid Rs. 28,000 to Sansee stores in fullsettlement of Rs. 30,000 by cheque please help Me with this. I'm still confused in it.
Answers
- Hey there , ronisha!
Answer:
\( \large{ \tt{SEE \: THE \: ATTACHED \: PICTURE}}\)
\( \large{ \tt{E \: X \: P \: L \: A \: N \: A \: T \: I \: O \: N}} : \)
Full settlement generally means DISCOUNT ALLOWED. Firstly , Read out the question and try to understand. It says we purchased some stuffs of Rs 30000 from the sansee stores and we payed Rs 28000 in full settlement which implies that we received the discount of Rs 30000-28000 i.e Rs 2000. You must have known the rules for debit and credit. As we know In case of personal account , Debit : The receiver , We have sansee stores as the receiver so we placed it in debit side. Remember: When the question says that the cash is payed through cheque , you should always consider cheque as a bank. Now , In the case of personal account , Credit : The giver. Who's the giver? Of course , bank! So , we placed it in credit side. Now , In case of nominal account , Credit : the incomes or gains . The question says we received the discount so obviously it's not expenses. So, We placed discount received in credit side. You must have studied that Every debit should have equal credit. And we're done!- Hope this helps! Please let me know if you have any questions regarding my answer and also don't hesitate to reach out to me if you need any other help! :)
Difference between business and trade
Answers
Answer:
business is the entire enterprise of making, selling, and controlling the production of goods, while trade, a narrower activity, involves only the buying and selling of goods. Trade is a part of business, but business is not the same as trade. ... Trade usually refers to imports and exports.
Like an abstract in a report, this is a one-or two-paragraph summary of the product or service and how it meets the re quirements and exceeds expectations is known as the back ground section of a business proposal .
Answers
Effective business proposals are centered on a fantastic concept or resolution. Although you might be able to do it in an engaging fashion, you want your document and its solution to stand out against the backdrop of other offers.
the concept Who, what, when, why, and how. Be precise and succinct. Keep your language concise and avoid overstating. To prove your goods or service, use logical, well-supported arguments.
Which section of the business plan details how the company has dealt with problems?The executive summary should give a brief description of the issue that your company addresses, your proposed solution to the issue, the business's target market, major financial highlights, and a list of the management team's responsibilities.
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How should you handle questions about past jobs and employers?
(I am being timed)
A)You should give a specific example of how you were mistreated on your last job and why you left.
B)You should take the opportunity to show your knowledge by pointing out what was wrong there.
C)You should be honest, but don't bring up negative issues. If you must, frame it as a lesson learned.
D)You should refuse to answer any questions about previous employers and jobs.
Answers
Answer: B
Explanation:
You should give a specific example of how you were mistreated on your last job and why you left. Therefore option B is correct.
What is Job?The term Jobbe or Worke (1550s), which meant "task, piece of work," gave rise to the word "job," which today is used to refer to a piece of work or anything that needs to be done.
Literary sources indicate that the phrase was first used in 1858 to refer to "a salaried, permanent position of employment." Printers began using the phrase as slang for "piece of work of miscellaneous class" around 1795. (handbills, posters, etc.).
People who have received specialized training for particular occupations are either-
These are manual tasks in the trade. Carpenters, auto mechanics, hairdressers, and bakers are a few examples. Other trades include those for butchers, plumbers, and arborists.
- Profession: A university degree is required for this type of employment. Lawyers, physicians, dentists, architects, librarians, engineers, and pharmacists are a few examples. Teachers, university professors, scientists, physicists, and geologists are all occupations.
Therefore option B is correct.
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how much money is available each year in ffa scholarships
Answers
The amount of money available each year in FFA scholarships varies and is subject to change. Therefore, a specific figure cannot be provided as it is not fixed.
The availability of funds for FFA scholarships can depend on several factors, including the total budget allocated by the organization, donations received from sponsors and supporters, and the number of applicants and their eligibility criteria.
FFA (formerly known as Future Farmers of America) is a youth organization that supports agricultural education and development. They offer various scholarships to help students pursue their academic and career goals in the field of agriculture.
The amount of money awarded in scholarships can vary significantly from year to year based on these factors and the specific scholarship programs offered. It is recommended to refer to the official FFA website or contact the organization directly for the most up-to-date information on the available funds and scholarship opportunities.
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which category of business customers includes individuals and business organizations that purchase products to profit by using them to produce other products or using them in their operations?
Answers
The category of business customers that includes individuals and business organizations that purchase products to profit by using them to produce other products or using them in their operations is called "Industrial Customers".
Business organizations are entities created for the purpose of conducting commercial, industrial, or professional activities. They are established to provide goods and services to customers in exchange for a profit. There are different types of business organizations, including sole proprietorships, partnerships, limited liability companies, corporations, and cooperatives. Each type of organization has its own unique legal structure, management, and taxation requirements. Business organizations operate in a dynamic and competitive environment and must continually adapt to changing market conditions to remain successful. They employ various strategies, such as marketing, innovation, and cost-cutting, to gain a competitive advantage. Effective leadership and management are crucial for business organizations to achieve their goals and maintain their sustainability.
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Do you think every place of our country is accessible to all kind of information obtaining sources why give reasons
Answers
Freedom of information is freedom of a person or people to publish and consume information.
What is meant by Freedom of Information ?
The right of a citizen to access information that the government holds is referred to as information freedom. This freedom is recognized as a constitutional right in several nations.
The Freedom of Material Act in the United States permits the revelation of official records and previously undisclosed information that is under the authority of the American government. The Electronic Freedom of Information Act, which mandates that certain types of government records be made electronically accessible to the public, was added to this law in 1996 as an amendment. This is intended to increase access to public information.
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Select the correct answer. Which sales channel is the most effective for a business that has a small scale of operations? a A. telemarketing B. hiring agents C. flea markets D. franchising E. multilevel marketing
Answers
Answer:
franchising marketing
the number of persons over age 16 in the population equals 40 million, the unemployment rate equals:
Answers
If there are 40 million people over the age of 16 in a country, there are 24 million employed people, 8 million unemployed people, and there are 8 million employed people, the unemployment rate is 32%.
What makes you ineligible for unemployment in California?If the director determines that a person quit their most recent job voluntarily and without justification, or if they were fired for wrongdoing related to their most recent job, they are not eligible to receive unemployment benefits.
How long does the California unemployment rate take?Most qualified workers receive payment for their unemployment benefits after at least three weeks of processing their claim. You'll get a debit card in the mail when your first benefit payment becomes available. You can track, use, and transfer your benefit payments once the card has been activated.
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How do the elements of the marketing mix work together to help create a
marketing strategy?
Answers
Answer:
The marketing mix refers to the actions a company takes to market its product(s) and/or service(s). Typically, it acts as a framework for breaking down the four key components of marketing — product, price, place, and promotion.
Explanation:
All of the following are skills of public relations except:
A. Writing
B. Selling
C. Editing
D. Reading
E. Speaking
Answers
Answer: B. Selling
Explanation:
mcdonald's placement of a small toy in each happy meal as a reward for coming to the fast-food restaurant and ordering its food is based on which theory of learning?
Answers
The McDonald's placement of a small toy in each happy meal as a reward for coming to the fast-food restaurant and ordering its food is based on the Operant Conditioning theory of learning.
This theory states that behaviors that are rewarded are more likely to be repeated than behaviors that are not. Thus, the toy in each happy meal serves as a positive reinforcement, making children more likely to want to return to McDonald's and request a happy meal.
According to Operant Conditioning, the most important factors that shape human behavior are positive and negative reinforcement and punishment. In McDonald's case, the toy serves as positive reinforcement, encouraging children to want to return to the fast-food restaurant and order food.
As children receive the happy meals and toys, they develop an association between eating at McDonald's and getting a toy. This association makes them more likely to want to return to the fast-food restaurant, and the cycle continues. Moreover, this theory of learning has been utilized by numerous other organizations, including schools and workplaces, to encourage the development of specific behaviors.
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if the market price for a perfectly competitive industry yields economic losses in the short run, existing firms in the industry will exit. the result will be that
Answers
If the market price for a perfectly competitive industry yields economic losses in the short run, existing firms in the industry will exit. the result will be that the industry supply curve will shift leftward, the quantity demanded will decrease and the market price in the long run will increase.
An open market and few entry barriers are characteristics of a competitive sector.
For instance, given that anyone can choose to open a new pizza shop and that existing owners are free to close their doors whenever they please, the market for pizza restaurants in a particular large city may be very competitive.
The ability of businesses to leave or enter a particular industry is restricted by high costs, governmental regulations, and other factors, which serves to limit competition.
Consumers and producers in a market with perfect competition are fully informed about the goods, prices, and production methods available. Businesses are at a disadvantage if customers are unaware of all of their options or the price variations between various companies in a particular industry.
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If the market value of property is $284,500 and the assessment ratio is 35%, what are the monthly taxes if the tax rate is 30 mills?
Answers
With a property market value of $284,500 and an assessment ratio of 35%, the monthly taxes would amount to approximately $248.94, assuming a tax rate of 30 mills.
To calculate the monthly taxes, we need to find the assessed value of the property first. The assessed value is calculated by multiplying the market value by the assessment ratio. Assessed value = Market value * Assessment ratio
Assessed value = $284,500 * 0.35 = $99,575
Next, we need to calculate the annual taxes by multiplying the assessed value by the tax rate.Annual taxes = Assessed value * Tax rate
Annual taxes = $99,575 * (30 mills / 1000) = $2,987.25
Finally, we can calculate the monthly taxes by dividing the annual taxes by 12.Monthly taxes = Annual taxes / 12
Monthly taxes = $2,987.25 / 12 = $248.94 (rounded to the nearest cent)
Therefore, the monthly taxes for the property would be approximately $248.94.
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An investment will pay $150 at the end of each of the next 3 years, $200 at the end of Year 4, $400 at the end of Year 5, and $600 at the end of Year 6. If other investments of equal risk earn 11% annually, what is its present value? Its future value? Do not round intermediate calculations. Round your answers to the nearest cent.
Present value: $
Future value: $
Answers
The present value of the investment is $1,168.81.
The future value of the investment is $1,650.
To calculate the present value of the investment, we need to determine the present value of each cash flow and sum them up.
The present value (PV) of each cash flow can be calculated using the formula:
PV = CF / (1 + r)ⁿ
Where CF is the cash flow, r is the annual interest rate, and n is the number of periods.
Using the given information, we can calculate the present value of each cash flow:
PV1 = $150 / (1 + 0.11)¹ = $135.14
PV2 = $150 / (1 + 0.11)² = $121.62
PV3 = $150 / (1 + 0.11)³ = $109.97
PV4 = $200 / (1 + 0.11)⁴ = $134.20
PV5 = $400 / (1 + 0.11)⁵ = $268.35
PV6 = $600 / (1 + 0.11)⁶ = $399.53
Now, we can calculate the present value by summing up the present values of each cash flow:
Present Value = PV1 + PV2 + PV3 + PV4 + PV5 + PV6
= $135.14 + $121.62 + $109.97 + $134.20 + $268.35 + $399.53
= $1,168.81
Therefore, the present value of the investment is $1,168.81.
To calculate the future value of the investment, we can simply sum up the future cash flows:
Future Value = $150 + $150 + $150 + $200 + $400 + $600
= $1,650
Therefore, the future value of the investment is $1,650.
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Which of the following descriptions is not correct regarding the management hierarchy structure of overseeing projects?
Group of answer choices
The corporate strategic planning group is responsible for overseeing a firm's daily operations.
The IS steering committee reviews and approves plans for systems in all divisions.
The project management group is responsible for overseeing multiple specific projects.
A project team is responsible for overseeing an individual project.
Answers
The given statement "The corporate strategic planning group is responsible for overseeing a firm's daily operations" is not correct regarding the management hierarchy structure of overseeing projects. Option 1.
What is the management hierarchy structure for overseeing projects?Management hierarchy structure of overseeing projects refers to a type of organizational structure where the authority and responsibility for specific projects are delegated to different individuals or groups.
A well-defined management hierarchy enables organizations to streamline their project operations and improve project efficiency by dividing project tasks and delegating responsibilities to team members.
As for the options given in the question, here's how they are related to the management hierarchy structure of overseeing projects:-
The IS steering committee reviews and approves plans for systems in all divisions: This is correct as the committee is responsible for overseeing the implementation of information systems across all divisions.-
The project management group is responsible for overseeing multiple specific projects: This is also correct as the project management group is responsible for overseeing the management of various projects.-
A project team is responsible for overseeing an individual project: This is also correct as a project team typically consists of a group of individuals who work together to achieve specific project objectives.-
The corporate strategic planning group is responsible for overseeing a firm's daily operations: This is not correct as the corporate strategic planning group is responsible for creating and overseeing the overall strategic direction of the organization and is not specifically responsible for overseeing the daily operations of the firm.
Hence, the right answer is option 1. The corporate strategic planning group is responsible for overseeing a firm's daily operations.
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Fill in the blanks: 1. The situation when law of demand is not applicable is known as it's............ 2. When price of one good affects to the demand for other good, this situation is known as ............... 3. Demand is the effective desire backed by.....................And .....................
Answers
Answer:
1. The situation when law of demand is not applicable is known as it's EXCEPTION.
2. When price of one good affects to the demand for other good, this situation is known as CROSS ELASTICITY OF DEMAND
3. Demand is the effective desire backed by the ABILITY and WILLINGNESS to buy the product.
Explanation:
Demand is a term that is born out of the human desires , wants or needs.
Demand can be defined or referred to as the amount a consumer is able and willing to pay in other to purchase goods and services that they desire or want.
The Law of demand states that the Quantity of goods and services demanded is inversely proportional to the prices of these goods and services. This means when the prices of goods increase, the quantity demanded decreases and when the prices of goods decreases ,the quantity of goods and services demanded increases.
Elasticity of Demand can be defined as the responses or effects of changes in price of goods and services on changes in the quantity demanded.
We have 4 types of Elasticity of Demand
a) Price Elasticity of Demand: This is when the quantity of goods and services demanded is affected by the change in price.
b) Price Elasticity of Supply: This is when the quantity of goods and services supplied is affected by the change in price.
c) Cross Elasticity of Demand: This is when the price of one good affects to the quantity demanded for other good,
d) Income Elasticity of Demand: This when the quantity of goods and services demanded is affected by the changes in the income of the consumer.
There are situations whereby the law of demand is not applicable and this is referred to as it's exceptions. Those situations are:
a) The type of goods and services.
b) When changes in the price of the goods and services is expected by consumers.
c) Changes that occurs in fashion or styles of a particular product ( This is when a product goes out of fashion or the style becomes outdated)
If the real rate of interest is 4% and the actual inflation rate is 7%, a loan made at 14% nominal rate means that: the borrower exploited the lender. the borrower paid less than a 4% real return. the lender received more than a 4% real return. none of the above
Answers
Nominal rateNominal rate is the interest rate that is quoted by banks and other financial institutions. The interest rate that is quoted is known as the nominal rate, which does not account for inflation. The nominal rate does not account for any change in the purchasing power of money.
This interest rate is also known as the quoted interest rate.The real rate of interestThe interest rate that has been adjusted for inflation is known as the real rate of interest. The real interest rate can be calculated by subtracting the inflation rate from the nominal interest rate. When the inflation rate is factored in, it is the actual return on an investment.The actual inflation rateInflation is a measure of the increase in the cost of goods and services over time. The inflation rate is the percentage increase in the cost of goods and services over time.
It is measured by a consumer price index that tracks the price of a basket of goods and services.A loan made at 14% nominal rate means that the lender received more than a 4% real return. This is because the real return is calculated as the difference between the nominal rate and the actual inflation rate. Therefore, the borrower pays less than the 7% inflation rate but more than the 4% real rate of interest. The real rate of interest can be determined by subtracting the inflation rate from the nominal rate, which yields a real rate of interest of 7% - 4% = 3%.Hence, the option C is correct that the lender received more than a 4% real return.
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Pompeii, Inc., has sales of $53,000, costs of $24,200, depreciation expense of $2,550, and interest expense of $2,300. If the tax rate is 24 percent, what is the operating cash flow, or OCF
Answers
Answer:
$23,052
Explanation:
The computation of operating cash flow is shown below:-
Before that we have to determine the net income which is
Income statement
Sales $53,000
Cost ($24,200)
Depreciation ($2,550)
EBIT $26,250
Interest expense ($2,300)
Earnings before tax $23,950
Tax (5,748)
(24% × $23,950)
Net income $18,202
Now,
Operating cash flow = EBIT + Depreciation - Tax
= $26,250 + 2,550 - $5,748
= $23,052
If the fixed costs are NOK 100,000 and the marginal cost can be expressed as MC (Q) = 1000+ 1.5Q ^ 1.5 where Q is the set and MC is the marginal cost. Which quantity will then give the lowest average cost per unit. (Answer with integers.)
Answers
To find the quantity that gives the lowest average cost per unit, we need to determine the quantity at which the average cost is minimized. The average cost (AC) is calculated by dividing the total cost (TC) by the quantity (Q).
Total cost (TC) is the sum of fixed costs (FC) and variable costs (VC). Variable costs can be calculated by multiplying the marginal cost (MC) by the quantity (Q). Total cost (TC) = FC + VC = 100,000 + (1000 + 1.5Q^1.5) * Q To find the quantity that gives the lowest average cost per unit, we need to find the minimum point of the average cost curve. Mathematically, this occurs where the derivative of the average cost with respect to quantity is equal to zero. d(AC)/dQ = (1000 + 1.5Q^1.5) - (100,000 + (1000 + 1.5Q^1.5)) / Q^2 = 0 Simplifying the equation: 1000 + 1.5Q^1.5 - (100,000 + 1000 + 1.5Q^1.5) / Q^2 = 0 Rearranging the equation: 1000Q^2 + 1.5Q^3 - (100,000 + 1000Q^2 + 1.5Q^3) = 0 Simplifying further: -100,000 = -1000Q^2 Dividing by -1000: Q^2 = 100 Taking the square root of both sides: Q = ±10
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What is one result of competition in a free-market economy?
A. Businesses control the price that all the companies within an
industry can charge.
B. Consumers can choose which company's products they want to
buy.
C. The government decides who is allowed to compete in the market.
D. Traditional values determine who will compete in the market.
Answers
Robert tells Joan, his wife, that he has been offered an upper management position by his employer. He informs her that if he accepts the offer, he will be required to relocate and work in Japan for the next seven years. He thinks accepting this offer will make their family financially stable. However, his wife is not happy with this offer because it will involve her quitting her job and their children losing an entire year of college. She thinks this will adversely affect their family. In this scenario, Robert and Joan have a(n) ________.
Answers
Considering the situation described above, Robert and Joan are having "a dilemma."
This is because a dilemma is a situation whereby individuals are having a problem in choosing a choice between two or more options, particularly when both ones are equally desirable or undesirable.
In this case, both Robert and Joan have a dilemma choosing whether they should stay or leave for Japan.
Both options have their advantages and disadvantages. Thus, it is difficult for them to choose one particular alternative easily.
Hence, in this case, it is concluded that a dilemma can make people take more time before deciding.
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One cost of starting your own business is
A. Loan payments on a small business loan
B. Escrow
C. Revenue
D. PMI
Answers
Answer:
A. Loan payments on a small business loan
Explanation:
One cost of starting your own business is loan payments on a small business loan.