1. The relevant cost to make the product internally is $66.
2. The estimated increase or decrease in short-term operating profit of producing the product internally versus purchasing the product from a supplier is $12,000
To determine the relevant cost of producing the product internally, we need to consider the direct materials, direct labor, variable overhead, and allocated fixed overhead costs. The total relevant cost per unit can be calculated as follows:
Direct Materials + Direct Labor + Variable Overhead + Allocated Fixed Overhead = Relevant Cost per Unit
$28 + $18 + $16 + $4 = $66
Therefore, the relevant cost to make the product internally is $66 per unit.
Now, to determine the estimated increase or decrease in short-term operating profit, we need to compare the relevant cost to produce the product internally ($66 per unit) with the cost to purchase the product from the subcontractor ($120,000 for 2,000 units).
If Terry Inc. decides to purchase the product from the subcontractor, the cost would be $120,000, and the company would not incur any manufacturing costs. This means that the short-term operating profit would be:
Revenue - Cost of Goods Sold = Short-term Operating Profit
$0 - $120,000 = -$120,000
If Terry Inc. decides to produce the product in-house, the cost would be $66 per unit or $132,000 for 2,000 units. This means that the short-term operating profit would be:
Revenue - Cost of Goods Sold = Short-term Operating Profit
$0 - $132,000 = -$132,000
Therefore, based on the relevant costs, the estimated increase or decrease in short-term operating profit of producing the product internally versus purchasing the product from a supplier would result in a decrease in profit of $12,000 ($132,000 - $120,000).
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Complete Question:
Terry Inc. manufactures machine parts for aircraft engines. CEO Bucky Walters is considering an offer from a subcontractor to provide 2,000 units of product OP89 for $120,000. If Terry does not purchase these parts from the subcontractor, it must continue to produce them in-house with these costs:
Cost per unit ($)
Direct Materials 28
Direct Labor 18
Variable Overhead 16
Allocated Fixed Overhead 4
Required
1. What is the relevant cost to make the product internally?
2. What is the estimated increase or decrease in short-term operating profit of producing the product internally versus purchasing the product from a supplier?
With respect to customers, the main moral obligation of a salesperson is to facilitate the conditions for a fair transaction, which are that the customer act freely and with adequate knowledge.
True
False
The given statement With respect to customers, the main moral obligation of a salesperson is to facilitate the conditions for a fair transaction, which are that the customer act freely and with adequate knowledge is True because salesperson's main moral obligation with respect to customers is to facilitate the conditions for a fair transaction.
In general , the salesperson should ensure that the customer is able to act freely and make their own decisions without being coerced or misled. Additionally, the salesperson should provide the customer with adequate knowledge about the product or service being sold so that the customer can make an informed decision.
Also, they need for providing accurate and truthful information about the product or service, as well as disclosing any limitations, risks, or potential drawbacks. By facilitating fair transactions, salespeople can build trust with their customers and maintain a positive reputation for themselves and their company.
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the cash conversion cycle is computed as: multiple choice question. days' sales in accounts receivable minus days' sales in inventory times days' payable outstanding days' sales in accounts receivable plus days' sales in inventory minus days' payable outstanding days' sales in accounts receivable minus days' sales in inventory minus days' payable outstanding days' sales in accounts payable plus days' sales in inventory minus days' payable outstanding
The cash conversion cycle is computed as days' sales in the accounts receivable plus days' sales in inventory minus days' payable outstanding.
What is inventory?Inventory refers to the goods and materials that a company holds for the purpose of resale or production. It includes raw materials, work-in-progress items, and finished goods. Maintaining an appropriate level of inventory is critical for a company's success, as too much inventory ties up capital and can lead to obsolescence, while too little inventory can result in stockouts and lost sales. Inventory management involves tracking the flow of inventory from acquisition to consumption, as well as minimizing waste and reducing costs. Companies may use various inventory management techniques, such as just-in-time (JIT) and economic order quantity (EOQ), to optimize their inventory levels. Effective inventory management can help companies improve their cash flow, reduce storage costs, and enhance customer satisfaction.
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quantity total cost average cost average variable cost marginal cost 0 $100 --- --- --- 1 140 $140.00 $50 $40 2 170 85.00 35 30 3 190 63.33 30 20 4 240 60.00 35 50 5 300 60.00 40 60 6 460 76.67 60 160 the table above displays the costs of steel rods. if the price of a steel rod is $50, will this firm make a profit or loss? how much? (hint: find profit maximizing point, then find profit
Since the total revenue of $200 is less than the total cost of $240, the firm will incur a loss of $40 if it sells four units of steel rods at a price of $50 per unit.
To determine if the firm will make a profit or loss at a price of $50, we need to find the profit-maximizing output level and compare the total revenue to the total cost.
Looking at the table, we can see that the marginal cost of production increases after the fourth unit. Therefore, the profit-maximizing output level for this firm is four units.
At four units, the total cost is $240, which includes both fixed and variable costs. The average variable cost at this level of output is $35, while the average total cost is $60.
So, the total revenue earned by the firm at a price of $50 per unit would be:
Total revenue = Price x Quantity = $50 x 4 = $200
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The controller of Hall Industries has collected the following monthly expense data for use in analyzing the cost behavior of maintenance costs.
Month
Total
Maintenance Costs
Total
Machine Hours
January $2,661 3,528
February 3,024 4,032
March 3,629 6,048
April 4,536 7,963
May 3,226 5,040
June 4,657 8,064
Determine the variable-cost components using the high-low method. (Round variable cost to 2 decimal places e.g. 12.25.)
Variable cost per machine hour $ ___
eTextbook and Media
Determine the fixed cost components using the high-low method. (Round answer to 0 decimal places e.g. 2,520.)
Fixed costs $ ___
Using the high-low method, the variable cost per machine hour is $0.44 and the fixed cost is $1,110.76.
The high-low method is a technique used to separate mixed costs into their fixed and variable components. To determine the variable cost component, the total change in cost is divided by the total change in the level of activity between the highest and lowest levels. In this case, the highest level of activity is June with 8,064 machine hours and a maintenance cost of $4,657, and the lowest level of activity is January with 3,528 machine hours and a maintenance cost of $2,661.
The total change in cost is $4,657 - $2,661 = $1,996, and the total change in activity is 8,064 - 3,528 = 4,536 machine hours. Therefore, the variable cost per machine hour is $1,996 / 4,536 = $0.44.
To determine the fixed cost component, the total variable cost is subtracted from the total cost at either the highest or lowest level of activity. Using the data from June, the total cost at that level is $4,657 and the total variable cost is $0.44 per machine hour x 8,064 machine hours = $3,546.24.
Therefore, the fixed cost component is $4,657 - $3,546.24 = $1,110.76.
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the yield to maturity of a $1000 bond with a 7oupon rate, semiannual coupons, and two years to maturity is 7.6 pr, compounded semiannually. what must its price be?
The price of the bond must be $1,042.36.
First, calculate the semiannual coupon payment by multiplying the coupon rate by the face value and dividing by 2: 7/2 = $35. Then, calculate the total number of semiannual periods until maturity: 2 years x 2 semiannual periods per year = 4 semiannual periods.
Next, calculate the semiannual discount rate by dividing the annual yield by 2: 7.6% / 2 = 3.8%. Using these values, calculate the present value of each semiannual coupon payment using the formula PV=C/(1+r)^n, where C is the coupon payment, r is the discount rate, and n is the number of periods until the payment:
PV = $35/(1+0.038)^1 + $35/(1+0.038)^2 + $35/(1+0.038)^3 + $1,035/(1+0.038)^4 = $32.82 + $31.72 + $30.65 + $946.17 = $1,041.36. Finally, add the present value of the face value to get the price of the bond: $1,041.36 + $1,000 = $1,042.36.
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udge judy and judge joe brown, as well as game and talk shows, are examples of programming produced specifically for sale into syndication on a market-by-market basis. this is called
This type of programming is called syndicated programming. Syndicated programming is content produced specifically for sale into syndication on a market-by-market basis.
This type of programming is often used to fill in the gaps left by network programming, providing additional entertainment for viewers. It is typically cheaper for stations to buy syndicated programming than to produce their own shows, and these types of shows often have a wider reach than network programming.
Examples of syndicated programming include Judge Judy, Judge Joe Brown, game and talk shows. Syndicated programming often appeals to a wider audience, as it is not limited by the demographic requirements of network programming. Syndicated programming is often seen as a cost-effective way of providing viewers with additional content that entertains and informs, and can be a great way for stations to capture a wide range of viewers.
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Do you borrow or save money? Explain.
The decision to borrow or save money depends on a variety of factors, including your financial goals, current financial situation, and the interest rates and terms of the loan or savings product.
Why should you save money ?In general, saving money is better for financial reasons if you have the ability to save and earn a competitive rate of return on your savings. This allows you to earn interest or investment returns on your money, which can help you achieve your financial goals over time, such as building an emergency fund, saving for a down payment on a home, or planning for retirement.
Borrowing money, on the other hand, is typically more expensive due to interest charges and other fees. Borrowing should only be done when necessary, such as to finance a large purchase, cover unexpected expenses, or to invest in something that is likely to generate a higher rate of return than the cost of borrowing.
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the income effect of a price change of e-books is the effect on consumption changes due to a change in
The income effect of a price change of e-books is the effect on consumption changes due to a change in the purchasing power of the consumer's income.
In other words, when the price of e-books changes, the consumer's disposable income is affected, which in turn affects their ability to purchase e-books.
If the price of e-books decreases, consumers may have more purchasing power and be more likely to buy more e-books. Conversely, if the price of e-books increases, consumers may have less purchasing power and be less likely to buy as many e-books.
Therefore, the income effect of a price change of e-books is a key factor to consider when analyzing the impact of price changes on e-book consumption.
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neoliberalism has emerged as a guiding economic philosophy since the 1970s and has been promoted by large, worldwide institutions since the 1980s. which of the actions are supported by a neoliberal worldview? group of answer choices
All of the above. Neoliberalism emphasizes the importance of free market principles and reducing government intervention in the economy. So the correct option is E .
This includes privatizing public services and industries, deregulating industries to increase competition, reducing government spending and social services, and promoting free trade policies and globalization.
Neoliberalism is an economic philosophy that emphasizes the value of free markets and minimal government intervention in the economy. It emerged in the 1970s and has since been promoted by global institutions like the World Bank and the International Monetary Fund.
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Full Question ;
Neoliberalism has emerged as a guiding economic philosophy since the 1970s and has been promoted by large, worldwide institutions since the 1980s. Which of the following actions are supported by a neoliberal worldview?
A. Privatization of public services and industries
B. Deregulation of industries to increase competition
C. Reduction of government spending and social services
D. Free trade policies and globalization
E. All of the above
which of the following is not one of the reasons a company might launch new competitive actions? group of answer choices to obtain first mover advantages to improve market position to find new sources of raw materials to capitalize on growing demand
One of the reasons a corporation could start new competitive measures is not to look for new raw material suppliers. Option 3 is Correct.
Three elements are required for the successful launch of new businesses or the adoption of new technologies: an entrepreneurial opportunity, the resources to explore the opportunity, and an entrepreneur or entrepreneurial team ready and motivated to take the endeavour on.
On the other side, if the concentration is significant and the top 'n' businesses control the market's output or services, the sector is referred to as oligopolistic or monopolistic. A person's nationality has no bearing on whether or not he is an entrepreneur. The expertise of an entrepreneur is affected by variables like education, and an entrepreneur's job experience aids in the operation of the company. Option 3 is Correct.
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Correct Question:
which of the following is not one of the reasons a company might launch new competitive actions? group of answer choices
1. to obtain first mover advantages
2. to improve market position
3. to find new sources of raw materials
4. to capitalize on growing demand
Under a written agreement, a pastry company promised to sell its entire output of baked buns at a specified unit price to a baked goods retailer for one year. The baked goods retailer promised not to sell any other supplier's baked buns. Shortly after making the contract, and before the pastry company had tendered any buns, the baked goods retailer decided that the contract had become undesirable because of a sudden, sharp decline in its customers' demand for baked buns. It renounced the agreement and the pastry company sues for breach of contract. Which of the following will the court probably decide?
The court will probably decide in favor of the pastry company, as the baked goods retailer breached the contract by renouncing the agreement before the contract term had ended.
The written agreement between the pastry company and the baked goods retailer established an exclusive supply arrangement, with the retailer agreeing to purchase the entire output of baked buns from the pastry company for one year.
The contract term in the scenario you provided is for one year, as stated in the description: "a pastry company promised to sell its entire output of baked buns at a specified unit price to a baked goods retailer for one year."
This indicates that the agreement between the pastry company and the baked goods retailer is intended to last for a period of one year from the date of the contract.
The sudden decline in customer demand for baked buns does not release the retailer from its contractual obligations, and the pastry company has the right to sue for breach of contract.
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Your company has reaped the benefits of having long-term, tenured employees, but many of them are now approaching retirement. It is anticipated that approximately 20% of the company’s workforce will retire in the next three to five years. In reviewing the remaining workforce through HR planning efforts, you have become aware of work–life balance issues that need to be reviewed and addressed. The company president has requested that you prepare a retention plan outlining these issues as well as ways to address them. Resources to help you address the issues in the retention plan can be found at www.workfamily.com.A. What steps will you take to identify key priorities in the work–life balance issues?B. How will you present a business case to gain management support for addressing those issues to help retain existing workers and to fill the positions vacated by retiring employees?
To identify key priorities in the work-life balance issues, I will conduct a survey or focus group with employees to gather their input on the most pressing concerns related to their work-life balance.
Additionally, I will review employee turnover data and exit interviews to identify any common themes or reasons for employee departures related to work-life balance. This information will help me prioritize the most important issues to address in the retention plan.
To present a business case to gain management support for addressing work-life balance issues, I will highlight the benefits of retaining existing workers and filling the positions vacated by retiring employees. I will emphasize that addressing work-life balance issues can increase employee satisfaction, productivity, and retention, ultimately leading to cost savings for the company in terms of recruitment and training.
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which of the following policies would carnegie most likely have supported? responses the use of federal power to redistribute wealth the use of federal power to redistribute wealth government creation of jobs for unemployed people government creation of jobs for unemployed people increased regulation of corporations increased regulation of corporations laissez-faire economics
Andrew Carnegie was a well-known industrialist and philanthropist who believed in the idea of "the Gospel of Wealth." According to this concept, wealthy individuals like him had a moral obligation to use their wealth for the greater good of society. With this in mind, Carnegie would most likely have supported policies that aimed to alleviate poverty and promote social progress. Option A is correct
The option that Carnegie would have most likely favored from the ones offered is "government creation of jobs for unemployed people." His belief in giving people the chance to improve their economic circumstances and give back to society is supported by this. Carnegie was renowned for his charitable work and provided funding for the establishment of libraries, educational facilities, and other social initiatives.
Laissez-faire economics, which advocates for little to no government intervention in the economy, would not have had Carnegie's support. He held the views that government policies could help reduce poverty and advance social progress and that the wealthy had a duty to use their wealth for the greater good. Carnegie also would not have supported the use of federal authority to redistribute wealth because he believed in
Option A is correct
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The rate of return on a perpetuity is equal to the cash flow divided by the price. True or False
The given statement, the rate of return on a perpetuity is equal to the cash flow divided by the price is true.
A perpetuity is a type of financial instrument that pays a fixed amount of cash flow indefinitely, meaning the payments continue for an unlimited period of time. These types of investments can be seen in bonds, stocks, or real estate with infinite lease contracts.
The rate of return on a perpetuity represents the yield an investor can expect to receive on their investment. It is calculated using the formula:
Rate of Return = (Cash Flow / Price)
In this formula, the cash flow refers to the periodic payment an investor receives from the perpetuity, and the price represents the initial investment or purchase price of the perpetuity.
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Sultan Company produces a single product. The selling price is $50 per unit, and variable costs amount to $20 per unit. Sultan's fixed costs per month total $80,000. How many units must be sold each month to earn a monthly operating income of $25,000? A. 2,300 units. B. 833 units. C. 3,500 units. D. Some other amount.
Hence, the correct response is that 3,500 units must be sold each month for C. Sultan Company to have a $25,000 operational profit each month.
The method below may be used to determine how many units need to be sold each month to generate a $25,000 operational income:
Let's first figure out the contribution margin per unit:
Profit / (Fractional Expenses + Fixed Costs) Units + Margin = Total Units
Contribution Margin per unit = Selling Price per unit - Variable Costs per unit
Contribution Margin per unit = $50 - $20 = $30
Next, we can plug in the values and solve for the number of units:
($25,000 + $80,000) / $30 = Number of units
$105,000 / $30 = Number of units
3,500 = Number of units
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Jill was very angry at Axel. She summoned him to her office and told him that he was a terrible employee and had been stealing money from the company. There was no one else in the office at the time, but Axel was very offended as Jill was intentionally lying about him. Jill has committedno defamation tort.slander.disparagement. libel.
Based on the scenario provided, Jill has committed defamation through slander by making false and damaging statements about Axel's character and behavior. Defamation is a statement that harms someone's reputation and can take the form of either slander (spoken) or libel (written).
Since Jill verbally accused Axel of stealing money from the company and labeled him as a terrible employee, it qualifies as slander.
Disparagement is another term for defamation and involves making false statements that harm someone's reputation or business interests. In this case, Jill's statements about Axel could have potentially damaged his employment opportunities and standing in the industry.
It's important to note that making false and damaging statements about someone can result in legal consequences and potential lawsuits for defamation.
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a child has been brought to the emergency room after a car accident. the nurse observes that the patient is opening the eyes
If a nurse sees a youngster opening their eyes after being in a vehicle accident and brings them to the emergency hospital, this shows that the patient is aware.
Opening of the eyes is one of three factors assessed using the Glasgow Coma Scale (GCS), a tool frequently used to gauge a patient's degree of awareness. The verbal reaction and the muscular response make up the other two factors.
The nurse would also need to analyse the child's verbal response and motor reaction in order to completely determine the patient's state of consciousness. The maximum possible GCS score is 15, with a range of 3 to 15. A high level of impairment is indicated by a score of 8 or less.
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high rates of anticipated inflation affect? A) borrowers only. B) lenders only. C) all aspects of the economy. D) only business firms involved in investment spending.
High rates of anticipated inflation affect all aspects of the economy. The correct answer is C.
Inflation is the rate at which the general level of prices for goods and services is rising, and subsequently, purchasing power is eroding. When inflation is anticipated, it means that people expect the inflation rate to increase in the future. High rates of anticipated inflation can have several effects on the economy:Borrowers and Lenders: Inflation affects both borrowers and lenders, as it reduces the purchasing power of money over time. Borrowers may benefit from high anticipated inflation, as the value of the money they repay decreases, making it easier to pay back loans. However, lenders are negatively affected, as the money they receive has a lower purchasing power than when the loan was initially given.Investment and Business Firms: High anticipated inflation can impact investment spending by businesses, as it increases uncertainty about the future value of money. This may cause businesses to delay investments, which can slow down economic growth.Consumers: As prices increase, consumers face higher costs for goods and services. This can lead to decreased purchasing power and lower consumer spending, which can also impact economic growth. Monetary Policy: Central banks often respond to high anticipated inflation by tightening monetary policy, raising interest rates to control inflation. This can lead to reduced credit availability and lower investment in the economy.In summary, high rates of anticipated inflation can affect various aspects of the economy, including borrowers, lenders, businesses, consumers, and monetary policy.For more such question on economy
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Which company will replace adidas as the nh official uniform partner, starting with the 2024-2025 season?
The company that will replace Adidas as the official uniform partner for the NHL (National Hockey League) starting with the 2024-2025 season is Fanatics.
Fanatics is a global leader in sports merchandise and has a strong presence in the sports industry.
In this partnership, Fanatics will be responsible for designing, manufacturing, and distributing the on-ice uniforms for all 32 NHL teams. This new collaboration aims to bring innovation, high-quality products, and an enhanced fan experience.
Here's a step-by-step breakdown of the transition:
1. Adidas remains the official uniform partner until the end of the 2023-2024 season.
2. Fanatics takes over as the official uniform partner starting with the 2024-2025 season.
3. Fanatics designs and manufactures new uniforms for all NHL teams.
4. The new uniforms are distributed to the teams, and players begin wearing them on the ice.
5. Fans can purchase the new uniforms and other official NHL merchandise from Fanatics.
This change in partnership is a significant development for the NHL, as it looks to expand its fan base and elevate its brand. With Fanatics on board, the league hopes to benefit from the company's expertise in sports merchandise and create a more engaging experience for its fans.
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for the current year sales are $1,400,000, current assets are $101,524, and current liabilities are $85,265. if sales are forecasted to increase 14% next year, and all current assets and current liabilities vary proportionally with sales (i.e. they are spontaneous items), what is the forecasted amount of net working capital next year?
The forecasted amount of net working capital for next year is $18,363.56.
First, let's calculate the current amount of net working capital:
Net working capital = Current assets - Current liabilities
Net working capital = $101,524 - $85,265
Net working capital = $16,259
Next, let's calculate the forecasted amount of sales for next year:
Forecasted sales = Current year sales x (1 + Sales growth rate)
Forecasted sales = $1,400,000 x (1 + 0.14)
Forecasted sales = $1,596,000
Since current assets and current liabilities are spontaneous items, they vary proportionally with sales. Therefore, the ratio of current assets to sales and the ratio of current liabilities to sales will remain constant
Let's calculate the current ratio of current assets to sales:
Current ratio of current assets to sales = Current assets / Sales
Current ratio of current assets to sales = $101,524 / $1,400,000
Current ratio of current assets to sales = 0.0725
Let's calculate the current ratio of current liabilities to sales:
Current ratio of current liabilities to sales = Current liabilities / Sales
Current ratio of current liabilities to sales = $85,265 / $1,400,000
Current ratio of current liabilities to sales = 0.0609
Now, we can use these ratios to forecast the amount of net working capital for next year:
Forecasted net working capital = Forecasted current assets - Forecasted current liabilities
Forecasted net working capital = (Forecasted sales x Current ratio of current assets to sales) - (Forecasted sales x Current ratio of current liabilities to sales)
Forecasted net working capital = ($1,596,000 x 0.0725) - ($1,596,000 x 0.0609)
Forecasted net working capital = $115,710 - $97,346.44
Forecasted net working capital = $18,363.56
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money is more efficient thatn barter for conducting transactions because
Money is considered more efficient than barter for conducting transactions because it simplifies the process of exchanging goods and services.
In barter, individuals have to find someone who has what they need and is willing to trade for what they have. This can be time-consuming and complicated, especially when there are multiple parties involved.
On the other hand, money serves as a universal medium of exchange, which means that it is accepted by everyone and can be used to purchase goods and services. It also enables people to store value, which means that they can save their money and use it at a later time.
Additionally, money helps to facilitate trade by allowing individuals to specialize in producing specific goods and services. Instead of having to produce everything they need, people can focus on what they do best and then use their money to purchase other goods and services that they need.
Overall, money provides a more efficient and convenient way to conduct transactions compared to barter, which is why it has become the dominant form of exchange in modern economies.
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a cross-border strategic alliance is: a. a strategy through which firms combine some of their resources to create a competitive advantage by competing in one or more product markets. b. an alliance in which firms share some of their resources from the same stage of the value chain. c. a strategy in which firms share some of their resources to create economies of scope. d. a strategy in which firms with headquarters in different countries decide to combine some of their resources to create a competitive advantage.
A cross-border strategic alliance is D) a strategic arrangement wherein companies from distinctive nations integrate some of their sources to create a competitive benefit.
Those alliances are frequently fashioned to get right of entry to new markets, technology, or assets that could be tough to reap in any other case. with the aid of sharing sources such as era, advertising knowledge, or manufacturing facilities, the firms purpose to create economies of scale and scope, and leverage their combined strengths to compete greater successfully within the international marketplace.
Cross-border strategic alliances can take various bureaucracy, which includes joint ventures, licensing agreements, or co-branding partnerships, and require careful making plans and management to make sure that the benefits are maximized even as potential risks and demanding situations are minimized.
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The systematic risk principle states that the expected return on a risky asset depends only on which one of the following?a. Company-specific riskb. Diversifiable risk.c. Systematic riskd. Unsystematic risk
According to the systematic risk principle, only Option D, or market risk, determines the expected return on a risky asset.
Systemic risk is the risk that is inherent to the entire market or market sector. Systematic risk, also known as volatility risk, market risk, or undiversifiable risk, has an impact on the entire market, not simply a certain stock or sector.
This type of risk is different from unsystematic risk, which impacts a certain economic sector or security. Since systematic risk is completely unpredictable, it is generally thought to be difficult to prevent. Investors can somewhat mitigate the effects of systematic risk by diversifying their portfolio.
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Complete question is:
The systematic risk principle states that the expected return on a risky asset depends only on which one of the following?
A. Unique risk
B. Diversifiable risk
C. Asset-specific risk
D. Market risk
E. Unsystematic risk
tom just took a job with a salesforce.com. his job is to search for potential customers that need crm software. tom's job fits into the first step of the personal-selling process, that of
Select one:
a. advertising
b. prospecting
c. pre-approach
d. sales promotion
e. gaining commitment
The correct answer is b. prospecting.
Tom's job involves searching for potential customers who may need CRM (Customer Relationship Management) software. This aligns with the first step of the personal-selling process, which is prospecting. Prospecting is the process of identifying and qualifying potential customers or prospects who may have a need for a product or service. In Tom's case, he is actively searching for potential customers who may require CRM software, which is a crucial step in building a customer base and initiating the sales process. Once prospects are identified and qualified, the next steps in the personal-selling process typically involve pre-approach, approach, presentation, handling objections, gaining commitment, and follow-up.
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the items in an indenture that limit actions of the issuer in order to protect a bondholder's interests are referred to as the:
The items in an indenture that limit actions of the issuer in order to protect a bondholder's interests are referred to as the restrictive covenants or negative covenants.
These covenants are designed to limit the issuer's actions that could potentially harm the bondholder's investment, such as restrictions on issuing additional debt or disposing of assets without consent from the bondholders.
The items in an indenture that limit the actions of the issuer in order to protect a bondholder's interests are referred to as the "covenants."
These covenants help ensure the bondholder's investment is secure by restricting certain actions the issuer may take.
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plans may differ in function and scope but they all have one important purpose: to provide guidance and structure to management in a rapidly changing market environment. true or false
The given statement "plans may differ in function and scope have one important purpose: to provide guidance and structure to management in a rapidly changing market environment" is True because it provide direction to implement the change in market and its working pattern.
The market environment is the surrounding where the firms or organizations are target their plan and goal according to the market up and down.
The reason of the statement plans may differ in function and scope but they all have one important purpose: to provide guidance and structure to management in a rapidly changing market environment is True due to the many company have plan and work around the market environment. So that, they can achieve success to sell the product or service.
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The Trump tax changes (i.e., the TCJA) allows deductions (either as a FOR or FROM AGI Deduction) for all of the following except:
Multiple Choice
All of these are allowed deductions under the TCJA
Casualty losses on personal use assets in a Presidentially-Declared Disaster Area.
Unreimbursed employee business expenses.
Penalties for the early withdrawal of savings.
Gambling losses
The Trump tax changes (i.e., the TCJA) allows deductions (either as a FOR or FROM AGI Deduction) for all of the following except: Unreimbursed employee business expenses. The correct option is C.
The Trump tax changes, also known as the TCJA, allows deductions for various expenses related to personal finances and investments. The deductions can either be for or from the AGI (Adjusted Gross Income) and include expenses like medical expenses, charitable donations, mortgage interest, and state and local taxes.
However, unreimbursed employee business expenses, which were previously allowed as itemized deductions, are no longer deductible under the TCJA.
This means that employees who pay for work-related expenses, such as travel or equipment, are no longer able to claim them on their tax returns. It's important to note that this change only affects employees and not self-employed individuals who can still deduct business expenses as usual.
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Complete question:
The Trump tax changes (i.e., the TCJA) allows deductions (either as a FOR or FROM AGI Deduction) for all of the following except:
A. All of these are allowed deductions under the TCJA
B. Casualty losses on personal use assets in a Presidentially-Declared Disaster Area.
C. Unreimbursed employee business expenses.
D. Penalties for the early withdrawal of savings.
E. Gambling losses
Suppose the consumer price index was 184 in Year 1 and 198.17 in Year 1. The nominal interest rate during this period was steady at 5.8 percent. What was the real interest rate during this period? O a.-2.6 percent O b.-1.9 percent O c.0.4 percent O d. 1.2 percent
The real interest rate during this period is approximately -1.9% (Option b).
To find the real interest rate, we will first calculate the inflation rate using the Consumer Price Index (CPI) values for Year 1 and Year 2, and then apply the Fisher equation.
Step 1: Calculate the inflation rate using the given CPI values.
Inflation Rate = ((CPI in Year 2 - CPI in Year 1) / CPI in Year 1) * 100
Inflation Rate = ((198.17 - 184) / 184) * 100
Step 2: Calculate the inflation rate.
Inflation Rate ≈ 7.7%
Step 3: Use the Fisher equation to find the real interest rate.
Real Interest Rate ≈ Nominal Interest Rate - Inflation Rate
Real Interest Rate ≈ 5.8% - 7.7%
Step 4: Calculate the real interest rate.
Real Interest Rate ≈ -1.9%
Therefore, correct option is B.
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risk avoidance is attractive when the estimated cost of avoidance is less than the estimated cost of managing risk in some other way. group of answer choices true false
It's true that risk avoidance is attractive when the estimated cost of avoidance is less than the estimated cost of managing risk in some other way.
Understanding risk avoidanceRisk avoidance involves identifying potential risks and taking steps to entirely eliminate those risks from a project or decision-making process. This approach is often preferred when the potential negative consequences of a risk outweigh the benefits of taking it.
Comparing the cost of risk avoidance to other risk management strategies, such as risk mitigation, is essential for determining the most cost-effective approach. If the cost of avoidance is lower than the cost of managing the risk using alternative methods, it's logical to choose risk avoidance as the preferred strategy.
However, it's important to note that risk avoidance is not always the most practical or feasible option, as it may not be possible to entirely eliminate all risks. In such cases, other risk management techniques, like risk mitigation or risk transfer, can be employed to minimize or transfer the potential negative impacts.
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john bought 1,800 shares of intel stock on october 18, 2018, for $46 per share plus a $750 commission he paid to his broker. on december 12, 2022, he sells the shares for $66.50 per share. he also incurs a $1,000 fee for this transaction. required: a. what is john's adjusted basis in the 1,800 shares of intel stock? b. what amount does john realize when he sells the 1,800 shares? c-1. what is the gain/loss for john on the sale of his intel stock? c-2. what is the character of the gain/loss?
a. Therefore, John's adjusted basis in the 1,800 shares of Intel stock is $82,650. b. Therefore, John realized $118,700 when he sold the 1,800 shares.
a. He paid to his broker:
Adjusted basis = Purchase price + Commission
Adjusted basis = 1,800 x $46 + $750
Adjusted basis = $82,650
b. The amount John realizes when he sells the 1,800 shares is the selling price minus the transaction fee.
Amount realized = Selling price - Transaction fee
Amount realized = 1,800 x $66.50 - $1,000
Amount realized = $118,700
c-1. To calculate the gain or loss on the sale of the Intel stock, we need to subtract the adjusted basis from the amount realized.
Gain/Loss = Amount realized - Adjusted basis
Gain/Loss = $118,700 - $82,650
Gain/Loss = $36,050
Therefore, John had a gain of $36,050 on the sale of the Intel stock.
c-2. The character of the gain or loss depends on how long John held the shares before selling them. If he held the shares for more than one year, it would be a long-term capital gain, and if he held the shares for one year or less, it would be a short-term capital gain.
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