Answers
Answer: Responsible Management refers to charity.
WHAT IS RESPONSIBILITY MANAGEMENT?
In business, responsible management refers to the commitment that management and executives make to take the ethical and moral implications of their daily actions into consideration.
For incorporating ethics, sustainability, and the principles of entrepreneurship into any particular business model, responsible management in business has so far proven to be the most effective management structure.
The resource goes beyond simple management frameworks. It is a framework that guarantees that a set of standards is upheld throughout all business processes.
A more equitable and sustainable socioeconomic development depends on responsible management.
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Related Questions
you want to buy 1,000 shares of Verizon at $32 and it’s currently trading at $32.50. You place a BUY LIMIT ORDER, ALL OR NONE, DAY ORDER. You are at the front of the Order Book, and 200 shares of Verizon become available at your $32 price. Based on these terms, what will happen with your order?
Answers
Option (c), Your broker will wait until all 1,000 shares are offered for purchase for $32 before placing the order; however, she will only do so until the close of trade today.
The existence of a day order in a limit order is optional.Brokers commonly convert limit orders to day-only transactions by default, and any unfulfilled orders at market close are canceled without execution. Other brokers might be able to offer a particular number of days, typically in increments of 30 (for instance, 30, 60, or 90 days).
On a limit order, what precisely does "all or none" mean?An all-or-none (AON) order is one that requires that either the whole stock buy or sale be performed or nothing at all. Orders issued by the AON that are not immediately executable remain in force until they are executed or revoked.
What separates a limit order from a day order?A day order is a clause that is appended to an instruction to a broker to execute a transaction at a particular price and that, if it is not executed, expires at the close of the trading day. A day order cannot be a limit order to buy or sell shares and is only effective for the remaining hours of that trading day.
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The complete question is:
4 - Assume you want to buy 1,000 shares of Verizon at $32 and it’s currently trading at $32.50. You place a BUY LIMIT ORDER, ALL OR NONE, DAY ORDER. You are at the front of the Order Book, and 200 shares of Verizon become available at your $32 price. Based on these terms, what will happen with your order?
Select one:
a. Your broker will buy the 200 shares at $32 now, and wait until the end of the day’s trading to see if more shares become available at your price
b. Your broker will buy the 200 shares at $32, and cancel the balance of the order
c. Your broker will not buy them now, and will wait until all 1,000 shares become available at $32, but only until the end of today’s trading at which point she’ll cancel the order
d. Your broker will not buy them now, and will wait until all 1,000 shares become available at $32; if this does not happen by the end of today, she will try again on the next day of trading
compute the number of units completed and transferred out. 2. compute the total equivalent units of production for direct materials. 3. compute the total equivalent units of production for conversion.
Answers
The units were the completed and transferred out measures the sum of the two combining unit costs.
What is costs?The term costs refer to the actual money are spend on the manufacturing of the product. The product are manufacture to spend on money are raw material, transportation, wages, salary, and other expenses add.
According to the number of units completed and transferred out sum of the two equivalent unit costs. The total equivalent units of production for direct materials Equivalent units = Number of physical units × Percentage of completion. Equivalent Units = Units × % completion.
As a result, the significance of the completed and transferred out measures are the aforementioned.
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Suppose you own a bicycle but haven't found the time to ride it much lately. These days, it is only worth $25 to you. One of your close friends, who recently got a job at the college bookstore two miles down the road, wants to take it off your hands. He offers you $70 for the bicycle, and you gladly accept. Your friend is also happy because he thinks the bicycle is worth $94 . How much total value was created from this trade? $
Answers
The total value created from this trade can be calculated by subtracting the value of the bicycle to you from the value of the bicycle to your friend and adding it to the value of the bicycle to you.
The value of the bicycle to you is $25 and the value of the bicycle to your friend is $94.
Therefore, the total value created from this trade is: $94 - $25 + $70 = $139
So, the total value created from this trade is $139.
The definition of ethics provided in the book focuses on _______. Group of answer choices a) organization b) culture c) business d) conduct
Answers
Answer:
d) conduct
Explanation:
Ethics can be defined as a code of conduct that serves as a parameter to guide the behaviors and moral values present in a society.
Therefore, in business, it is essential that the code of ethics represents a conduct of positive behavior that helps to preserve values such as justice, integrity and equality of employees. Ethics assists in maintaining positive organizational values, in building a work environment focused on cooperation, respect and development of individual and general skills.
The wage gap refers to?
Answers
Answer:
The "wage gap" refers to the difference between men's earnings and women's earnings. ... Women are more likely to work part time jobs for non-economic reasons than men are.
Explanation:
The "wage gap" refers to the difference between men's earnings and women's earnings. Women are more likely to work part time jobs for non-economic reasons than men are.
Why the wages are not perfectly flexible?The wages are not perfectly flexible because workers are not paid their individual marginal revenue product (MRP) but at standard wage rate and wages do not change very frequently but only at certain time periods. Downward wage infexibility is the measured as the resistance against average wage cuts in the event of adverse economic shocks.
In a recessionary gap, the implications of downward wage inflexibility are that there will be no rightward shifts of SRAS, allowing for persistent higher unemployment than would occur at Natural Real GDP.
A recessionary gap is the amount by which aggregate expenditures falls short of the level needed to generate equilibrium real GDP at full employment without inflation. An outcome of a recessionary gap is increased unemployment.
Therefore, The "wage gap" refers to the difference between men's earnings and women's earnings. Women are more likely to work part time jobs for non-economic reasons than men are.
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Adjusting entries typically involve which transactions:
Those necessary to close the temporary accounts to the Retained Earnings account
O Those dealing with the Cash account
Those that occur continually over a period of time
Those that involve calculation errors or misapplication of accounting rules
O Those between the company and its stockholders.
Answers
Answer:
Adjusting entries typically involve those transactions that occur continually over a period of time, such as the accrual of interest on a loan or the depreciation of fixed assets. These types of transactions are recorded in temporary accounts, such as the Accrued Expenses or Depreciation Expense accounts, and must be closed to the Retained Earnings account at the end of the accounting period in order to prepare the financial statements. Adjusting entries may also involve correcting calculation errors or misapplication of accounting rules. However, they do not typically involve transactions involving the Cash account or those between the company and its stockholders.
Which statement is true regarding monopolistic competition?
Answers
Answer:
AR>MR
--------------------------------------
WHERE ARE THE OPTIONS.
Which of the following occupations would least likely to be
subjected to seasonal employment?
Select one:
a.
Easter Bunny.
b.
McDonald clown.
C.
Department store Santa Claus.
d.
Lifeguard.
= McDonald clown.
Answers
Answer:
McDonald Clown
Explanation:
B.
=MCDONALD
research shows that which one of the following is not a strategy used by firms engaged in successful turnarounds? multiple choice a. asset and cost surgery selective b. product and market c. pruning piecemeal productivity d. improvements global expansion
Answers
Turnaround strategy is a revival measure for overcoming the hassle of industrial sickness. It is a approach to convert a loss-making industrial unit to a profitable one.
Turnaround is a restructuring procedure that converts the loss-making enterprise into a profitable one.
What is a profitable turnaround?A successful turnaround has seven critical elements: Crisis management – Taking control; performing essential cash management; decreasing assets; arranging momentary funding; starting cost-reduction measures.
Turnaround approach is the action of reversing a terrible fashion and turning round the organization into profitability. Turnaround method derives its name from the motion of reversing a negative fashion and turning round the enterprise into profitability. The turning around business enterprise aims at consistent state and growth.
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As a student in the Principles of Management class of Ama Ghana University, you are expected to have experiential knowledge so that you can be able to solve real life business problems after graduation. To achieve this objective, the 2020 class has been divided into ten groups; and each team works in a management capacity with ten management consulting companies in the Greater Accra Region. San Consulting - the firm that your group works with is a project management company that is into Real Estate construction and management consulting. This firm which has twenty years’ experience in this business is the first choice for all individuals and companies that want quality service. You have on the contrary, observed that many of the management practices have not developed precipitously as situations in the business environment warrant. The accountant confirmed this by saying in the last general meeting that a certain percentage of San’s profit margin is being lost because of this situation. She gave the example that the surveying department spent eight labor hours generating data that had been generated two weeks ago by another unit. Due to the fact that the surveying department did not know that the data had already been created, a substantial effort was wasted and this has been a recurrent problem.
In addition, the increase in demand of the services of San’s Consulting has placed significant pressures on the five managers whose duties are not clearly defined. For instance, you have observed that any of these managers perform duties in the operations department as well as any other unit within the firm. They are not able to perform all the functions required of them due to the ineffectiveness of the organizational structure.
You and the members of your group are expected to write a report to the top-level management team regarding your analysis of the situation in the firm.
Questions
1. Explain which of the four main management functions is/are not operating as it/they should within the firm? 3 Marks
2. What recommendations will you make in your report that will help assure that this situation or similar one would not happen again? 4 Marks
3. Assume that the top-level management team has accepted your recommendations, how can their effectiveness be evaluated three months after implementation? 4 Marks
4. Discuss the organizational structure currently used by San’s Consulting and would you recommend the continuous use of this structure? If yes or no, present the factors (4) that influenced your decision regarding the right organizational structure for San’s Consulting. 5 Marks
5. Identify and discuss the main problems that the firm is likely to experience (i) if the current structure is continued or (ii) if a new structure is implemented. 5 Marks
1B) Akwamba made this statement ‘organisations cannot be successful if managers fail to pay attention to the forces in the external environment’. Do you agree or not? Justify using practical examples (9 marks)
Answers
Answer:
The organization structure is not clearly defined, Managers are performing duties in various departments at a time.
Explanation:
San Consulting is one of the finest consulting firm in the Greater Accra Region. The firm is always a first choice for individuals who want to pursue their career in business. The Organizational structure of San Consulting is not clearly defined. San's profits are falling because management practices are not according to the other competitive organizations. The managers working at San are facing excess workload and pressure for their work. Their job descriptions is not clearly defined and they are forced to work in multiple departments at the same time due to which they are losing focus on their own work.
Questions 1: Planning, organizing, leading and controlling
Question 2: The organizational structure needs to be set and every employee should have their defined job role so they are able to complete work with efficiency.
Question 3: The profits of San consulting will rise as there will be less duplication of work and every employee will be able to focus on their own task and will work with efficiency.
Question 4: Matrix. The matrix organizational structure is not suited in this organization. The right organizational structure for San consulting will be Functional Structure.
Question 5: (i) The profits for San Consulting will decline
(ii) The profit will rise because employee will focus more on their specific tasks.
1B. Yes agree. The managers need to focus on the external environment as well to identify the opportunities and threats present which can stimulate changes for the organization.
Insurance offers consumers
A. protection from the costs of unplanned events.
B. a guarantee that a business will succeed.
C. income to help start a new business venture.
D. full reimbursement after business setbacks.
Answers
Insurance is a means of protection that offers financial, medical and many sorts of supports at the time of need. The insurance can range from car to loan to many multiple things.
Hence its a sort of protection for the unknown costs and protects us from unknown events.Hence the option A is correct.
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2. In what ways were social media effective in promoting The Exchange brand? Which media led to the highest increase in sales and inquiries? Why?
Answers
social can be an effective tool for promoting a brand, as it allows for targeted advertising and engagement with potential customers. In the case of The Exchange, likely played a significant role in promoting the brand and driving sales and inquiries.
One way in which social may have been effective for The Exchange is by allowing the company to reach a wide audience at a relatively low cost. By creating and sharing content on platforms such as , , and , The Exchange could potentially reach thousands or even millions of people without spending large amounts on traditional advertising.Additionally, social media provides opportunities for engagement and interaction with potential customers. By responding to comments and messages, The Exchange could build relationships with customers and create a sense of community around the brand.It is difficult to determine which specific social platform led to the highest increase in sales and inquiries without more information.
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assume that the economy is at full-employment equilibrium. which of the following would lead to stagflation?
Answers
" An increase in aggregate demand would lead to stagflation assuming that the economy is at full-employment equilibrium. the option A is correct.
Assuming that the economy is at full employment equilibrium, a decline in aggregate supply can cause stagflation.
Stagflation is a rare occurrence that happens when inflation and economic growth are both stationary at the same time. Policymakers face a difficult situation because the typical methods for stimulating the economy, such monetary and fiscal policies, may not function as anticipated.
If the economy is currently in a state of equilibrium with full employment, any further rise in aggregate demand (option a) would result in higher prices rather than higher output, which would cause inflation. Option A would be erroneous as a result.
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Complete question -
Which of the following would lead to stagflation assuming that the economy is at full-employment equilibrium?
A) An increase in aggregate demand
B) A decrease in aggregate demand
C) An increase in aggregate supply
D) A decrease in aggregate supply
On February 3, Easy Repair Service extended an offer of $138,000 for land that had been priced for sale at $158,000. On February 28, Easy Repair Service accepted the seller's counteroffer of $150,000. On October 23, the land was assessed at a value of $225,000 for property tax purposes. On January 15 of the next year, Easy Repair Service was offered $240,000 for the land by a national retail chain. At what value should the land be recorded in Easy Repair Service's records?
Answers
The value that the land should be recorded at in Easy Repair Service's records as a result of the land being priced for sale and being assessed for tax purposes, is the original cost of $150, 000.
What should the land be recorded at?When it comes to recording the value of land, the Cost concept principle applies which is that the land should be recorded at the original cost. This is because land is a fixed asset that does not lose value and might instead increase in value. To avoid confusion, land is then recorded at its original cost.
This original cost is the price that a company or individual acquired the land from the previous owner. In this case, Easy Repair Service accepted a seller offer of $150, 000. This is therefore the value of the land and what the land should be recorded at in Easy Repair Service's records.
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If the reserve requirement is 20% and commercial bankers decide to hold additional excess reserves equal to 5% of any newly acquired checkable deposits, then the effective monetary multiplier for the banking system will be
Answers
Answer: 4
Explanation:
Based on the information provided in the question, the effective monetary multiplier for the banking system will be calculated as:
= 1/Reserve ratio
= 1 / (20 + 5%)
=1/(0.20+0.05)
= 1/0.25
= 4
Therefore, the effective monetary multiplier for the banking system is 4.
True or False: A partner cannot legally bind the other partners to a business agreement.
Answers
Answer: False
Explanation: In many cases, a partner will be able to bind the partnership without the other owners' consent. However, steps can be taken to prevent any one partner from entering into an agreement without the consent of the others.
Assume the prices of product X and Y are $2.00 and $1.00, respectively, and that Mr. Mo has $100 to spend. Assume a normal indifference curve.
a. What is the slope of Mr. Mo budget constraint.
b. Write out Mr.Mo equation to his budget constraint.
c. Assume that Mr. Mo needs 10 units of product X to maximize utility. What combination of X and Y Will Mr. Chen purchase?
d. Now assume that the price of Y changed from $1.00 to $2.00, redo part a, b and c,
e. Draw the budget constraint graph and indifference curve before the change and after the change in the price of Y.
Answers
Answer:
Explanation:
The equation of a line is given by:
y = mx + b; where m is the slope of the line, b is the y intercept.
Given that the price of product X is $2 while the price of Y is $1 and Mr. Mo has $100 to spend. Therefore:
a) 2x + y = 100
y = -2x + 100
The slope of Mr. Mo budget constraint is -2
b) 2x + y = 100
c) If x = 10, to find the combination, substitute x = 10 and find y:
2x + y = 100
2(10) + y = 100
y + 20 = 100
y = 80
That is 10 units of x and 80 units of Y
d) 2x + 2y = 100
2y = -2x + 100
y = -x + 50
The slope of Mr. Mo budget constraint is -1
The budget constraint is 2x + 2y = 100
If x = 10, to find the combination, substitute x = 10 and find y:
2x + 2y = 100
2(10) + 2y = 100
2y + 20 = 100
2y = 80
y = 40
That is 10 units of x and 40 units of Y
e) The graph was drawn using geogebra online graphing calculator and it is attached
Identify at least 3 behavioral concerns you think are important to delivering a successful D&I initiative
Answers
The 3 behavioral concerns which are important in delivering a successful D&I initiative are, offer meaningful opportunities or employee engagement, communicate clearly and create employee-led task forces, and create mentorship programs.
A D&I initiative is an important way in order to address the current shortcomings of an organization's workforce. Thus, managing a company's diversity and inclusion moments in the global workplace is, in many ways, an unmapped territory.
So, there are certain behavioral concerns which are important in delivering a successful D&I initiative. Diversity and inclusion metrics can be used in order identify risk areas, prioritize initiatives, etc.
Hence, diversity and inclusion initiatives benefits a company.
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What type of communication takes place when announcements in offices are made through public announcement systems?
A.
interpersonal communication
B.
written communication
C.
mass communication
D.
public communication
E.
intrapersonal communication
Answers
process of elimination..
B. (it’s verbal communication, not written)
C. (i highly doubt this is a possible answer.....but you are always willing to test that out for yourself)
E. (interpersonal is a conversation with oneself or “within a person”)
so now you’re left with A or D
Answer:
mass communication
Explanation:
I asked the teacher, she looked at the answer key and said
Alpha Inc. has receivables from unrelated parties with a face value of $5,000. It transfers these receivables to bank for $4,500, without recourse. It will continue to collect the receivables, depositing them in a non-interest-bearing bank account with the cash flows remitted to the bank at the end of each month. It is not allowed to sell or pledge the receivables to anyone else and is under no obligation to repurchase the receivables from bank. Which of the following is the appropriate treatment for these Accounts receivables?
A) It should show these receivables in its Balance Sheet.
B) It should amortize these receivables.
C) It should derecognize these receivables.
D) It should derecognize these receivables if it retains the interest earned on these.
Answers
Answer:
C). It should derecognize these receivables.
Explanation:
Derecognition is characterized as the process of removing or derecognizing a financial asset or liability from the company's balance sheet that was previously acknowledged. In the given situation, the appropriate treatment for the Account receivables would be to dercognize it as the organization does not possess any control over them. Thus, option C is the correct answer.
The Berne Conventions provides for international protection of copyrights.
True
False
Answers
Identify which group of accounts may require adjustments at the end of the accounting period. Multiple choice question. Utilities expense; Cash; Owner, Capital Unearned revenue; Supplies; Prepaid rent Cash; Notes receivable; Land
Answers
Answer:
Unearned revenue; Supplies; Prepaid rent
Explanation:
Find the present values of the following cash flow streams. The appropriate interest rate is 10%. (Hint: It is fairly easy to work this problem dealing with the individual cash flows. However, if you have a financial calculator, read the section of the manual that describes how to enter cash flows such as the ones in this problem. This will take a little time, but the investment will pay huge dividends throughout the course.
Year    Cash Stream A Cash Stream B
1 $100 $300
2 400 400
3 400 400
4 400 400
5 300 100
   Â
Required:
What is the value of each cash flow stream at a 0 percent interest rate?
Answers
Answer:
a. The present value of Cash flow stream A at 10% interest rate is $1,181.50; while the present value of Cash flow streams B at 10% interest rate is $1,239.13.
b. Present value of Cash flow streams A and B at 0% interest rate are both equal to $1,600.
Explanation:
a. Calculations of the present values of Cash Flow Stream A and B at 10% interest rate
The present value (PV) for a particular year can be calculated using the following formula:
PV = FV / (1 + r)^n
Where:
PV = present value of a particular year
FV = Future value or cash stream of a particular year
r = interest rate = 10%
n = The particular year in focus
The present value of cash flow streams at a particular interest rate is the sum of the present values of Cash Stream for all years, and this can be calculated as follows:
Present value of Cash flow stream A at 10% interest rate = (100 / (1 + 10%)^1) + (400 / (1 + 10%)^2) + (400 / (1 + 10%)^3) + (400 / (1 + 10%)^4) + (300 / (1 + 10%)^5) = $1,181.50
Present value of Cash flow streams B at 10% interest rate = (300 / (1 + 10%)^1) + (400 / (1 + 10%)^2) + (400 / (1 + 10%)^3) + (400 / (1 + 10%)^4) + (100 / (1 + 10%)^5) = $1,239.13
b. Calculations of the present values of Cash Flow Stream A and B at 0% interest rate
The present value of cash flow streams at a 0% is simply the sum of Cash Flow Stream for all years, and this can be calculated as follows:
Present value of Cash flow stream A at 0% interest rate = $100 + $400 + $400 + $400 + $300 = $1,600
Present value of Cash flow streams B at 0% interest rate = $300 + $400 + $400 + $400 + $100 = $1,600
define debit balance in passbook
Answers
Answer:
The debit balance as per the cash book means the balance of deposits held at the bank. Such a balance will be a credit balance as per the passbook. Such a balance exists when the deposits made by the firm are more than its withdrawals. ... On the other hand, the credit balance as per the cash book indicates bank overdraft.
18 1/2% to a fraction and reduce to lowest term
Answers
The lowest term of the given fraction 18 /12 is 37/2.
What is a Fraction?An element of a whole is a fraction.
The number is represented mathematically as a quotient, where the numerator and denominator are split.
Both are integers in a simple fraction.
A fraction appears in the numerator or denominator of a complex fraction.
The numerator of a proper fraction is less than the denominator.
So, we have the fraction:
18 1/2
Now, convert t in the lowest term as follows:
18 1/2
2(18)+1/2
36+1/2
37/2
Therefore, the lowest term of the given fraction 18 /12 is 37/2.
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Correct question:
18 1/2 to a fraction and reduce to the lowest term?
Question 5 of 20
A payroll register lists the total current period earnings as $35,600. It lists the
total withholdings and deductions as $8,910. What does the journal entry to
record payment of salaries and wages list as the debits and credits for
Salaries and Wages Payable and Cash?
OA. Salaries and Wages Payable: $35,600 debit; Cash: $8,910 credit
OB. Salaries and Wages Payable: $35,600 credit Cash: $8,910 debit
OC. Salaries and Wages Payable: $26,690 debit; Cash: $26,690 credit
OD. Salaries and Wages Payable: $26,690 credit; Cash: $26,690 debit
Answers
The correct answer is OD. Salaries and Wages Payable: $26,690 credit; Cash: $26,690 debit.
When recording the payment of salaries and wages, the journal entry will involve debiting (increasing) the Cash account and crediting (decreasing) the Salaries and Wages Payable account.
In this case, the total current period earnings of $35,600 represents the amount owed to employees for their wages, which is a liability. Since the payment is being made, the Salaries and Wages Payable account will be credited for the same amount, $35,600. On the other hand, the Cash account will be debited for the amount actually paid, which is $8,910 (representing the net payment after withholdings and deductions).
Therefore, the correct journal entry would be:
Salaries and Wages Payable: $26,690 credit
Cash: $26,690 debit
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HOW MUCH MONEY IS IN THE WORLD USE YOUR BRAIN GUYS PLEASE HELP MEEEE
Answers
It's hard to tell how much money is in the world because it keeps changing because of things like prices going up, the value of different types of money, and how much people are buying and selling things.
What is the money about?It is difficult to assess the precise sum of money that exists within the world since it is always changing due to variables such as swelling, money trade rates, and economic movement.
Therefore, In any case, agreeing to some terms, the overall sum of money within the world is generally around $90 trillion. It is critical to note that this can be as it were an gauge and the genuine sum of cash may be diverse.
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Small Business Management (1)
There are at least eight different pricing strategies for established goods and services. Explain The Below FOUR (4) of those strategies and under what conditions a business owner should use them.
1. Odd pricing
2. Price lining
3. Freemium pricing
4. Leader pricing
Answers
The given four pricing strategies are explained below:
1. Odd Pricing
Odd pricing is a method of pricing products when the price is an odd number. Example: Traditionally, certain shoe companies use strange pricing to determine the cost of their shoes and chappals, such as 399.95 $. The decision to set the price at an odd number makes perfect sense. Instead of 400$, 399.95 $ sounds better. It gives the appearance that the price is lower.
2. Price lining
In this instance, the price is set once, and it stays that way for a considerable amount of time.
3. Freemium pricing
Businesses can use freemium pricing as a pricing strategy to provide clients with both free and paid services. The paid alternatives are typically improved, or premium, versions of the service, whereas the free options are only the basic ones.
4. Leader pricing
A technique for pricing things below their profit margin is called leader pricing. Businesses who use this tactic don't earn from the sales of these discounted goods, but it might offer them a lot of advantages. Businesses may attract customers, promote purchases, raise overall sales, and strengthen customer loyalty by providing fantastic discounts to their customers.
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Maxwell Software, Inc., has the following mutually exclusive projects. Year Project A Project B 0 –$31,000 –$34,000 1 17,500 18,500 2 14,000 12,500 3 4,000 14,000 a-1. Calculate the payback period for each project.
Answers
To calculate the payback period for each project, we need to determine the time it takes for the initial investment to be recovered through project cash flows.Therefore, both Project A and Project B have a payback period of 2 years.
The initial investment is -$31,000, and the positive cash flows occur at the end of Year 1, Year 2, and Year 3. Since the cash inflows are $17,500, $14,000, and $4,000 respectively, we need to accumulate enough cash flows to recover the initial investment of -$31,000. The payback period can be calculated as follows:Year 1: -$31,000 + $17,500 = -$13,500
Year 2: -$13,500 + $14,000 = $500
Year 3: $500 + $4,000 = $4,500
The payback period for Project A is 2 years since it takes until the end of Year 2 to recover the initial investment.
For Project B:
The initial investment is -$34,000, and the positive cash flows occur at the end of Year 1, Year 2, and Year 3. The cumulative cash flows are as follows:
Year 1: -$34,000 + $18,500 = -$15,500
Year 2: -$15,500 + $12,500 = -$3,000
Year 3: -$3,000 + $14,000 = $11,000
The payback period for Project B is 2 years since it takes until the end of Year 2 to recover the initial investment.
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what is a marketing plan ?? answer please .
Answers
Answer:
marketing plan is defined as a comprehensive document or blueprint that outlines the advertising and marketing efforts for the coming year. It describes business activities involved in accomplishing specific marketing objectives within a set time frame. A marketing plan also includes a description of the current marketing position of a business, a discussion of the target market and a description of the marketing mix that a business will use to achieve their marketing goals.