Project Manager - Helps Businesses to Implement Technology
Project Manager- Business Development
Business Analyst - solutions for Particular Projects
What is Project Manager,Project Manager, Business Analyst ?
The Project Manager primarily helps the businesses to bring change in the business process or processes. The performance of technology is a difference in operation or functions so it is the main role of the Project Manager.
The marketing manager is responsible for bringing sales orders which is business development. Business development is all about generating sales.
The business analyst analyzes the problems and generates solutions for the business which helps best in solving them. There are multiple evolving issues that the business analyst cracks so it is the job of the business judge.
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what describes the law of diminishing marginal utility
Answer:
The law of diminishing marginal utility says that the marginal utility from each additional unit declines as consumption increases. 1. The marginal utility can decline into negative utility, as it may become entirely unfavorable to consume another unit of any product.
Market economies are based on both private enterprise and the idea that allocation decisions of what and how much to produce are decided by:_______
Answer:
Private Individuals.
Explanation:
The main characteristic of a Market economy is the Private property ownership. through which individuals are able to use private property/resources the way they want.
there is no central authority planning or ordering them to produce what in which quantities.
Answer please business ethics and principles of marketing
Business ethics and principles of marketing
In recent years, the Business ethics literature has exploded in both volume and importance. Because of the sheer volume and diversity of this literature, a review article was deemed necessary to provide focus and clarity to the area. The present paper reviews the literature on business ethics with a special focus on marketing ethics.
Marketing principles are the most commonly used principles that are around since the 1960s, these principles stood the test of time and have remained the same - with a little variation here and there - for decades. Businesses follow these principles for a successful marketing strategy.
1. Product
Dmytro Tsybuliak search marketing expert, and co-founder of nitrate, states that product is one of the most crucial principles of marketing. The product can be either a good or a service you provide to customers. One important thing that often marketers ignore is to see the appeal of your product and market for it before deciding what you want to offer.
.2. Price
The price is the money the customer has to pay for the product or services they receive. There are two types of pricing, such as cost-oriented prices and market-oriented prices.
3. Place
Place refers to the process of bringing your products and services to the customers. The place is wherever your product or services are available for purchase and customers can buy them. It could be a brick-and-mortar store, an online website, or you can use multiple channels to reach a broader audience.
4. Promotion
Promotion is creating awareness for your products, services, company, and brand. All the ways a company uses to build awareness for their product and services are known as promotion. Promotion should give customers a reason to choose your product or service, as well as show the prospective customers the benefits of using your product. Promotion is the backbone of marketing and as crucial for businesses as the quality of the products they produce. It refers to communicating with the target audience through different channels and creating awareness for your product and services.
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Lucinda is having a hard time right now. Her roommate isn't interested
in the things she wants to do. Her classmates don't want to study with
her. This could indicate difficulty with social adjustment. Which of the following is NOT a strategy she could use to successfully navigate this transition?
Given that the options are not indicated, let us look at strategies that can help Lucinda to cope with the social adjustment that she so badly needs.
First, what is Social Adjustment?The extent to which a person exhibits skillful social conduct and adjusts to the immediate social setting is referred to as social adjustment.
What are the Social Adjustment Strategies that Lucinda need to adopt?Three strategies that Lucinda could use are;
This requires her to focus on the things she can control.
Emotion-oriented coping:She can decide to look at the houmous side of things, practice positive mindset or simply bein grateful that she is in college.
Avoidance:She could simply avoid her roommate and associate with those who have similar goals with her.
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There is nothing that can be done when advertisers record and transmit their advertisement at higher volume than the
television program in which the commercial airs.
O True
O False
Answer:
This is false. The TV network is able to limit how often commercials and advertisements are played on their network channel.
what situation can the communication form could best be used
Communication exists as "an apparent response to the painful divisions between self and other, private and public, and inner-thinking and outer earth."
What is communication?Communication exists as "an apparent response to the painful divisions between self and other, private and public, and inner-thinking and outer earth."Communication exists as the act of providing, obtaining, and sharing information -- in other words, talking or writing, and listening or reading. Good communicators attend carefully, speak or write clearly, and appreciate diverse opinions.
Good communication skills are essential to permit others and yourself to understand statements more accurately and quickly. In contrast, poor communication skills guide to frequent misconceptions and frustration.Effective communication exists in the process of exchanging ideas, thoughts, beliefs, facts, and data so that the message stands accepted and understood with clarity and purpose. When we communicate effectively, both the sender and receiver sense comfort.
When organizing and operating a value-added business, disagreements can appear among board members or project managers over how to solve troubles fronting the project or business. Utilizing good communication skills can support the group find solutions.Good communication skills can enhance the way that you use them through life, smoothing your way in your associations with others. Poor communication skills, on the other hand, can sour connections from company to personal, and make your life extremely harder.
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Verbal communication is pleasingly used when something has to be concerned in detail or when someone has to be complimented or reprimanded. Verbal communication makes the conveying of opinions faster and easier and is the most flourishing method of communication.
What are the conditions of communication being used?Verbal Contact. Verbal communication occurs when we engage in communicating with othersNon-Verbal Communication. What we do while we talk often says more than the exact words.Written Contact. Hearing. Visual Contact. What is the most familiar form of communication we commit in?
Talking is often seen as the most ordinary method of communication but most communication is silent. Gestures, tone of voice, grins, frowns, shrugs, nods, moving away or closer, striking arms and portions tells us far more than words.
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Form 1099-INT is used to...
Form 1099-INT is used to ensure you report the correct amount of interest income on your tax return.
An Internal Revenue Service (IRS) tax document used by taxpayers to record interest income is referred to as Form 1099-INT. All organisations that give investors interest income at the end of the year must issue the form. It contains a breakdown of each category of interest revenue as well as associated costs.
By January 31st, payers must send a 1099-INT to any recipient to whom they gave at least $10 in interest during the year. One copy is sent to the IRS, while the other is sent to the taxpayer. Interest on deposit accounts, dividends, and sums paid to the owner of a collateralized debt obligation are examples of the interest income types for which Form 1099-INT is issued.
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Alice is enrolled in a MAPD plan. She makes a permanent move across the country and wonders what her options are for continuing MAPD coverage. What would you say to her in regard to a special enrollment period?
The fact that Alice is enrolled in a MAPD plan means that as regards her special enrollment period, b. She is likely to qualify for a SEP. She can choose an effective date of up to three months after the month in which the enrollment form is received by the new plan, but the effective date may not be earlier than the date of her permanent move.
Does Alice qualify for an SEP?Alice most likely qualifies for an SEP but there are certain things she needs to do to qualify.
She would need to choose a date that the enrollment form for the Special Enrollment Period that would be considered the effective start date.
This period needs to be within 3 months of when she moves but she cannot put a date that is before her move as she would be under the MAPD plan then.
Options include:
a. She is likely to qualify for a SEP. She can choose an effective date of up to six months after the month in which the enrollment form is received by the new plan, but the effective date may not be earlier than 30 days prior to the date of her move.b. She is likely to qualify for a SEP. She can choose an effective date of up to three months after the month in which the enrollment form is received by the new plan, but the effective date may not be earlier than the date of her permanent move.c. She is unlikely to qualify for a SEP but will be automatically covered by Original Medicare and a standalone Part D prescription drug plan.d. She is unlikely to qualify for a SEP and should remain on her current plan, relying on her current plan’s out-of-network benefits.Find out more on Special enrollment period at https://brainly.com/question/13159400
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3. A 9.3% annual coupon bond with a 10-year maturity and a $1,000 par value has a yield to maturity of 8%. Assuming that the yield curve is flat and doesn’t shift, calculate the holding period return you would achieve from buying the bond, holding it for one year only.
Holding period return is 8.000%
Price at the time of purchase=
1000*9.3% 8(1/1.08^10)+1000/1.08^10=1087.231058
Price at the time of sale=
1000*9.3%/8%*(1-1/1.08^9)+1000/1.08^9=1081.209543
Holding period return=
(1081.209543+1000*9.3%)/1087.231058-1=8.0000%
Coupon bonds, also known as bearer bonds or bond coupons, are debt securities with coupons attached that represent semi-annual interest payments. For coupon bonds, there is no record of the purchaser and issuer. The purchaser's name is not even printed on the certificate.
A coupon bond is a debt instrument with a removable piece of paper that can be peeled off the bond itself and taken to a bank or broker to pay interest. These removable pieces of paper are called coupons and represent interest payments to creditors.
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Question 13
Which of the following does not describe a section of the U.S. Constitution?
O A general guideline of individual rights
O A general guideline of employment rights
It defines the division of powers with the federal government through checks and balances.
It defines the division of powers between the federal and state government.
A general guideline of employment rights
Explanation:The Consitution of the United States is the base for the entire government as well as the laws of the country.
Bill of Rights
The Consitution has a section commonly referred to as the "bill of rights." This section lists out 10 individual rights that everyone in the country has. Later, this section was amended further to add more rights.
Checks and Balances
Additionally, because the Constitution lays out the format of the government different sections bring up points on how to balance power. For example, Article II, Section 3 allows the president to be impeached if he abuses his power.
Division of Power
The USA follows federalism. This means that there is both a central government and local governments. In the Constitution, rules are in place to ensure that state governments maintain some power. For example, the tenth amendment gives power to the states.
Items Not in the Constitution
The Constitution's primary goal is to create a government and protect basic, individual rights. However, this does not include employment. While there are laws to protect employees and salaries, there are not any in the Constitution.
Which of the following is included in the M-2 definition of the money supply but NOT in the M-1 definition?
The option included in the M2 definition of money supply and not in the M1 definition is money market mutual fund shares.
What is M2?M2 definition of money supply that includes cash, checking deposits, and near money. M2 is a broader measure of the money supply when compared with M1. It also less liquid than M1. M1 includes includes cash and checking deposits.
Here are the options:
a. Checkable deposits.
b. Currency held in banks.
c. Currency in circulation.
d. Money market mutual fund shares.
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A manager is concerned that there isn’t enough time spent on production and too much time spent on setups. The manager decides to double all production batch sizes. This change has no impact on demand. What impact will this likely have on the average inventory in the process?.
The impact to likely have on the average inventory in the process is "because larger batches take longer to complete, average inventory will rise."
What is average inventory?An estimation of the worth or quantity of a certain commodity or group of goods over two or more prescribed time periods is known as average inventory.
Some key features of average inventory are-
By combining the beginning and final inventory values throughout a specific time period, average inventory is indeed the arithmetic mean of inventory during that time frame, which may differ from the average price for the same data set.The median price for the same set of data may differ from the average inventory, which is the sample mean of a stock during a specific time period.When examining overall sales volume, average inventory statistics can be used as a benchmark, enabling a company to monitor inventory losses.A business can keep inventory from the most recent purchase by using moving average inventory.Because it enables them to more effectively manage its costs, sales, or business connections, inventory administration is an important success factor for businesses.To know more about average inventory, here
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· What organizational goal is driving this training?
The organizational goal in driving this training is to improve the employees' performance.
What is the goals for the training?The most basic goal of training program by an organization is to bring about the improvement as well as the employees' performance so as to be able to increases productivity .
This is been done by reinforcing existing competencies as well as developing new skills, hence, the organizational goal in driving this training is to improve the employees' performance.
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All choices can have unintended consequences. When those outcomes affect someone who had no part in the initial choice, what is it called?
O Free market
O Free resource
O Eminent domain
O Externality
Answer: Externality
Explanation: I got that right
Part 1 Ken is the produce manager at saying way a large Supermarket that is part of a national chain. After completing a few management courses offered by his employer, as well as five years of service at the supermarket, he is up for a promotion to assistant manager. He is about to negotiate his new salary in the terms of his new position. He wants to be promoted to the assistant manager position because it pays more and requires a greater variety of responsibilities. He wants a raise of at least $5,000 because 1) He needs the money, too. 2) He thinks the job requires more work, responsibility, and headaches, so it should pay more, 3. He's heard a rumor that Wayne, who held this position before relocating to another store, was paid $5,000 more than cans current or salary; and 4. He thinks he deserves it. He is 28 years old and has a bachelor's degree in English literature. He always had an interest in going back to school and getting a master's degree (although he's not sure what subject to pursue). Money has been an obstacle to a graduate-level education. His only source of funds is what he makes as sane wait, and he really doesn't want and can't afford to take out any more loans. Ken lives in a modest but comfortable studio apartment with his fat cat, Margo. The apartment is at least 45 minutes away by car from the saying waste or where he is currently working, there is no easily accessible public transportation. He has recently traded in his beat-up Volkswagen Bug for a new Toyota pickup truck. Identify the relevant parties: if you are The Negotiator in the person you are dealing with directly as the counterpart please identify the names of others who may be significantly affected by the outcome of this negotiation. Start with the people on your side who may care about the outcome, these parties would be identified as to constituents friends family boss and others. Next identify people that would be on the counterpart side who may care about the outcome and identify their constituents friends, family
The people who may be significantly affected by the outcome of this negotiation by the manager include the employer and the customers.
Who is a manager?It should be noted that a manager simply means an individual who oversees the team in a company and ensures that the goals of the company are achieved.
In this case, Ken is the produce manager at saying way a large Supermarket that is part of a national chain and after completing a few management courses offered by his employer, as well as five years of service at the supermarket, he is up for a promotion to assistant manager and is about to negotiate his new salary.
In this case, the people who may be significantly affected by the outcome of this negotiation by the manager include the employer and the customers. This was illustrated in the information.
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The more ________ used, the greater the leverage a company employs on behalf of its owners.
The more debt used, the greater the leverage a company employs on behalf of its owners.
What is financial leverage?
Financial leverage is the use of borrowed money (debt) to finance the purchase of assets with the expectation that the income or capital gain from the new asset will exceed the cost of borrowing.
What is financial leverage example?
Example of financial leverage usage include using debt to buy a house, borrowing money from the bank to start a store and bonds issued by companies.
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how does the use of body language and visual features can enhance a speech for an audience
Answer:
kaptaht is taht which 8a
Question 10 of 20
Which situation best describes a monopoly?
A monopoly expresses a market situation where one company owns all the market share and can control prices and output.
What are some instances of a monopoly?A monopoly is a company who is the sole seller of its product, and where there are no comparable substitutes. An unregulated monopoly has market control and can influence prices. Examples: Microsoft and Windows, DeBeers and diamonds, your local crude gas company.
What forces monopoly?Monopolies can occur when one business owns a key resource. These are typically physical resources, such as diamonds. For example, if there is only one diamond abundance in the country, the business that owns it will be able to gain a monopoly.
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two firms intel and AMD in the CPU market have combined demand given Q = 100-2P. Their total costs are given by TC Intel = 2 Q Intel + Q2 Intel and TC AMD = 2 Q AMD + Q2 AMD. If they cannot successfully collude and instead produce where the market price equals marginal cost, the market price will be
If they cannot successfully collude and instead produce where the market price equals marginal cost, the market price will be higher.
More about market price:
The market price is the price at which a good or service is currently being bought or sold. The dynamics of supply and demand have an impact on a good or service's market pricing. The cost at which the amount supplied and the quantity wanted are equal is known as the market price..
The market price is used to calculate consumer and economic surplus. The difference between the highest price a consumer is prepared to pay and the actual price they pay for the good is known as customer surplus, often referred to as the market price.
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write a short essay about inventory control( involves kind of inventory reason and approach)
Inventory control is a process of maintaining the right amount of parts and products in stock to avoid shortages, overstocks, and other expensive problems that might arise in the future.
The purpose of inventory control is to reduce the number of slow-selling products that a company purchases and to increase the number of high-selling products that are purchased. As a result, businesses are able to save time and money. This is because they don't have to spend a lot of time and effort reordering goods that they don't really need, or receiving goods they don't actually need. As an additional benefit, these products are not stored in warehouses at all, which means that transportation costs are reduced and space is freed up for fast-moving finished goods, which is a further benefit.
It is critical to understand that using inventory control can help you avoid making rash decisions, as well as avoiding the pain and expense associated with overstocking your shelves. As its name suggests, inventory control helps you maintain control over your inventory level. This helps you make the best use of your resources and avoid product spoilage and obsolescence.
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2. Mrs Marta is a financial executive with XYZ Enterprises. Although Mrs Msrts has not had any formal training in finance or accounting, she has a “good sense” for numbers and has helped the company grow from a very small company ($500,000 sales) to a large operation ($45 million in sales). With the business growing steadily, however, the company needs to make a number of difficult financial decisions in which Marta feels a little “over his head.” She therefore has decided to hire a new employee with “numbers” expertise to help her. As a basis for determining whom to employ, she has decided to ask each prospective employee to prepare answers to questions relating to the following situations she has encountered recently. Here are the questions. a. In 2009, XYZ Enterprises negotiated and closed a long-term lease contract for newly constructed truck terminals and freight storage facilities. The buildings were constructed on land owned by the company. On January 1, 2010, XYZ took possession of the leased property. 20-year lease is effective for the period January 1, 2010, through December 31, 2029. Advance rental payments of $800,000 are payable to the lessor (owner of facilities) on January 1 of each of the first 10 years of the lease term. Advance payments of $400,000 are due on January 1 for each of the last 10 years of the lease term. XYZ has an option to purchase all the leased facilities for $1 on December 31, 2029. At the time the lease was negotiated, the fair market value of the truck terminals and freight storage facilities was approximately $7,200,000. If the company had borrowed the money to purchase the facilities, it would have had to pay 10% interest. Should the company have purchased rather than leased the facilities? b. Last year the company exchanged a piece of land for a non-interest-bearing note. The note is to be paid at the rate of $15,000 per year for 9 years, beginning one year from the date of disposal of the land. An appropriate rate of interest for the note was 11%. At the time the land wa
The Present Value of Lease is $6,449,579, the Fair value of the note is $83,055.75 and the cost of credit is 12.12%.
Present Value of LeaseYear Cash flows PV Factors Discounted cash flow
0-9 800,000 6.75902 5,407,216
10-19 400,000 2.60590 1,042,360
20
Total 6,449,579
Present Value of Lease = $6,449,579
Purchase price = $7,200,000
Based on the above cash flow the company should lease the facility because the present value of cash payment is low.
b. Fair value of the note
Using this formula
Fair value of the note=Amount×PVOA
Let plug in the formula
Fair value of the note=$15,000×5.53705
Fair value of the note=$83,055.75
c. Cost of credit
Using this formula
Cost of credit=Discount/(1-Discount)×360/Allowed payment day-Discounted day
Let plug in the formula
Cost of credit=1/(1-100)×360/30
Cost of credit =1/99×360/30
Cost of credit=0.1212×100
Cost of credit =12.12%
Based on the above the calculation because the cost of funds which is 10% is lower than the cost of credit which means that the company should not continue the policy.
The complete parts of the question is:
(b) Last year the company exchanged a piece of land for a non-interest-bearing note. The note is to be paid at the rate of $15,000 per year for 9 years, beginning one year from the date of disposal of the land. An appropriate rate of interest for the note was 11%. At the time the land was originally purchased, it cost $90,000. What is the fair value of the note?
(c) The company has always followed the policy to take any cash discounts on goods purchased. Recently, the company purchased a large amount of raw materials at a price of $800,000 with terms 1/10, n/30 on which it took the discount. McDowell has recently estimated its cost of funds at 10%. Should McDowell continue this policy of always taking the cash discount?
Therefore the Present Value of Lease is $6,449,579, the Fair value of the note is $83,055.75 and the cost of credit is 12.12%.
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Troubleshooting examples interview
The ability to adopt a methodical approach towards identifying and then solving a problem or issue at hand is referred to as one's troubleshooting skills. In simple words, troubleshooting skills are the problem solving capabilities of a person.
What is problem-solving illustrate with an example?
Problem solving is the act of determining a problem; determining the cause of the problem; determining, prioritizing, and selecting alternatives for a solution; and executing a solution. The problem-solving process.
How do you answer problem-solving talents in an interview?Analyze the elements that generated the problem.
Brainstorm potential solutions.Evaluate the cost and possible viability of these explanations.Execute a plan.Evaluate the usefulness of your intervention.To learn more about Problem solving, refer
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A price elasticity of demand of 2.3 implies:_______
a. demand is unitary elastic
b. demand is inelastic
c. demand is perfectly elastic
d. demand is elastic
Answer:
in my opinionExplanation:
d. demand is elasticA price elasticity of demand of 2.3 implies "demand is elastic". The correct option is D.
The elasticity measures the responsiveness of quantity demanded to changes in price. A value of 2.3 means that for every 1% increase in price, quantity demanded will decrease by 2.3%.
The elastic demand indicates that consumers are highly responsive to price changes and meaning relatively small price changes can lead to significant changes in quantity demanded.
Therefore, the correct option is D.
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When a house is built on a lot, the house is an example of:
When a house is built on a lot, the house is an example of Real property.
A lot or plot of land is a tract or a parcel of real estate that is owned by or intended to be owned by some owner. In certain nations, a plot is essentially regarded as a piece of real estate, whereas in others it is referred to as immovable property which effectively means the same thing.
What are the two types of properties?Two different kinds of property exist. Any property will be categorized legally as either personal property or real property. Our current laws still make a distinction between the two categories of property, although this distinction dates back to English common law.
A "lot" is frequently big enough for just one house. Typically, the word "lot" does not refer to a specific area of land. Instead, it usually refers to a particular parcel of land of any size that can be purchased under a separate contract. The area described must be contiguous in order to be treated as a single lot.
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Allicyn is building a development dashboard. She discovers she needs to have more focus on factors that explain why certain decisions are made that affect her part of the supply chain. Which area is she concerned with?
Subject matter expertise is she concerned with.
What is supply chain?A supply chain transforms raw materials and elements into a finished product that's provided to a customer. It is created up of a complex network of organizations and movements, such as raw materials suppliers, manufactories, distributors, retailers, and the customer. A supply chain directs the network of organizations, individuals, activities, information, and resources concerned with delivering a product or service to a consumer.
Supply chain management exists as the practice of coordinating the different activities essential to produce and deliver goods and services to a business's customers. Examples of supply chain activities can contain designing, farming, manufacturing, packaging, or transporting. The subject matter expertise(SME) furnishes the knowledge and expertise in a distinct subject, business area, or technical location for a project/program.
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Allicyn is building a development dashboard. She discovers she needs to have more focus on factors that explain why certain decisions are made that affect her part of the supply chain. Which area is she concerned with?
Select an answer:
subject matter expertise
professional networking
knowledge of context
supply chabu language
Dawntreader Landscaping is considering purchasing $175,000 of new lawn equipment and they anticipate the additional equipment will result in cash flows as below. Their weighted average cost of capital is 8.75%.
(Picture)
The profitability index for the project is:
Based on the cost of the new lawn equipment to Dawntreader Landscaping and the weighted cost of capital, the profitability index will be 1.0216.
What is the project's profitability index?The profitability index is a capital budgeting method that is used to decide if a project is financially viable.
It can be solved by the formula:
= Present value of cash inflows / Present value of cash outflows
The present value of the cash inflows is $178,783.91.
The present value of the cash outflow is the cost of $175,000.
The profitability index is therefore:
= $178,783.91 / $175,000
= 1,0216
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If aggregate demand shifts to the left by $400 billion and aggregate supply is upward-sloping, then real output will decrease by.
Answer:
will decrease by $400 billion and the price level will fall
. The top ten stocks constitute what percentage of the overall fund?
a. 10.8%
b. 12.6%
c. 29.1%
d. 31.4%
The top ten stocks constitute the percentage of the overall fund c. 29.1%
What does a stock consist of?
A stock, also learned as equity, is a security that represents the ownership of a fraction of the issuing corporation. Units of stock are called "shares" which permits the owner to a proportion of the enterprise's assets and profits equal to how much stock they own.
What are quality stocks?
Quality companies have higher profitability with a history of stable business performance over time and have the economic strength to be able to invest for the long term. The best performing grade stocks are also those that have good track records of producing surplus cashflows to shareholders.
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Assume that Tommy and Michelle have an AGI of $107,000 before IRA deductions by either spouse. The AGI includes $10,000 that Michelle earned working part time (but she does not participate in an employer-sponsored retirement plan). Tommy and Michelle file a joint return. What is the maximum deductible contribution Tommy and Michelle may make to a traditional IRA?
Based on the AGI that Tommy and Michelle have, and the fact that they make a joint return, the maximum deductible contribution to a traditional IRA is $11,100.
How much is their joint maximum deductible contribution?Michelle does not participate in an employer-sponsored retirement plan because she is working part-time.
This means that she is entitled to the full $6,000 maximum deductible contribution to a traditional IRA.
Tommy on the other hand, participates in an employer-sponsored retirement plan which means he will have to remove a certain percentage from the deductible based on his range of $104,000 - $124,000.
That rate will be 15% so he will pay:
= 6,000 x ( 1 - 15%)
= $5,100
The total contribution is:
= 6,000 + 5,100
= $11,100
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) Organizations must balance good performance with responsibility to key three policies: social, economic and environmental.
Demonstrate how this relates to stores and inventory management. (5 marks)
(ii) Many firms are faced with the dilemma of adjusting to change of designs. In the worst case scenario, it would be too expensive to start new production, with the old inventory still in place.
Discuss an inventory workable solution to ensure future stock does not go to waste. (5 marks)
The information relates to inventory management as it's vital in tracking the purchase of sales of goods and services.
How to illustrate the information?It should be noted that organizations must balance good performance with responsibility to key three policies: social, economic and environmental.
This illustrates how they can help organizations identify the stock to be ordered and how to generate revenue.
An inventory workable solution to ensure future stock does not go to waste is to order smaller batches and get transparent with customers about the remaining inventory.
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