An inventory error not only affects the current year's cost of goods sold, gross profit, net income, current assets and equity, but also the next period's statements because "ending inventory of one period is the beginning inventory of the next period."
Because the ending inventory of one period is the beginning inventory of the following period, an inventory error not only impacts the current year's cost of goods sold, gross profit, net income, current assets, and equity, but also the statements for the next year.
Because of this, the management must be strict when it comes to a company's inventory. There is a monetary cost associated with inventory. As a result, accountants must have excellent inventory knowledge. So, yes, an error in inventory management has an impact on the company since the ending inventory at the end of one period becomes the beginning inventory at the beginning of the next. The errors made in accurately maintaining the inventory can be found through an internal audit. So it is better to put extra attention in the process so nothing wrong would be revealed after the audit.
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he gilbert instrument corporation is considering replacing the wood steamer it currently uses to shape guitar sides. the steamer has 6 years of remaining life. if kept, the steamer will have depreciation expenses of $650 for 5 years and $325 for the sixth year. its current book value is $3,575, and it can be sold on an internet auction site for $4,215 at this time. if the old steamer is not replaced, it can be sold for $800 at the end of its useful life. gilbert is considering purchasing the side steamer 3000, a higher-end steamer, which costs $11,600 and has an estimated useful life of 6 years with an estimated salvage value of $1,300. this steamer falls into the macrs 5-years class, so the applicable depreciation rates are 20.00%, 32.00%, 19.20%, 11.52%, 11.52%, and 5.76%. the new steamer is faster and allows for an output expansion, so sales would rise by $2,000 per year; the new machine's much greater efficiency would reduce operating expenses by $1,700 per year. to support the greater sales, the new machine would require that inventories increase by $2,900, but accounts payable would simultaneously increase by $700. gilbert's marginal federal-plus-state tax rate is 25%, and the project cost of capital is 15%. what is the npv of the project? do not round intermediate calculations. round your answer to the nearest dollar.
The correct answer is yes, we should replace the old steamer and Net Present Value of the Project is $1,330.
Calculation of Initial Investment
Initial Investment = Cost of New Machine + Investment of Net Working Capital - After-Tax Salvage Value of Old Machine today
Cost of New Machine = $13,000
Investment in Net Working Capital = Increase in Inventory - Increase in Accounts Payble = $2,900 - $700 = $2,200
Salvage Value of Old Machine today = $4,150
Current Book Value of Old Machine = $3,575
After-Tax Salvage Value of Old Machine today = Salvage Value - (Salvage Value - Current Book Value) * Tax rate = $4,150 - ($4,150 - $3,575) * 40%
= $4,150 - $230 = $3,920
Initial Investment = Cost of New Machine + Investment in Net Working Capital - After-Tax Salvage Value of Old Machine today
= $13,000 + $2,200 - $3,920 = $11,280
Calculation of Additional Terminal Cash Flow in Year 6
Additional Terminal Cash Flow in Year 6 = After-Tax Salvage Value of New Machine + Recovery of Investment in Net Working Capital - Loss of After-Tax Salvage Value of Old Machine
After-Tax Salvage Value of New Machine = Salvage Value of New Machine* (1 - Tax Rate) = $1,300 * ( 1 - 0.40) = $780
After-Tax Salvage Value of Old Machine = Salvage Value of Old Machine * ( 1- Tax Rate) = $800 * ( 1 - 0.40) = $480
Additional Terminal Cash Flow in Year 6 = After-Tax Salvage Value of New Machine + Recovery of Investment in Net Working Capital - Loss of After-Tax Salvage Value of Old Machine = $780 + $2,200 - $480=$2,500
Net Incremental Cash Flow in Year 6 = Incremental Operating Cash Flow in Year 6 + Additional Terminal Cash Flow= $2,329.52 + $2,500
= $4,829.52
Calculation of Net Present Value of Replacement Project
Net Present Value = Present Value of Annual Net Incremental Cash Flow - Initial Investment = $12,610.44 - $11,280 = $1,330.44 = $1,330 (rounded off)
Since the Replacement Project will result in Positive NPV, therefore we should replace the Old Steamer.
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the maximum quantity that an economy can produce, given its existing levels of labor, physical capital, technology, and institutions, is called: group of answer choices
Potential GDP is the maximum amount that an economy can create given its current levels of labor, physical capital, technology, and institutions.
What does GDP mean?
The Gross Domestic Product (GDP) is a measure of the financial value of finished goods and services, which are said to be purchased by the ultimate user.
How much is potential GDP?
The maximum rate or quantity that an economy is known to be able to make or produce under full employment of its previous levels of labor, physical capital, and other resources is known as potential GDP, also known as full-employment GDP.
Consequently, the maximum amount that an economy may generate under its current
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removing an uncollectible account and its corresponding allowance from the accounting records is called . multiple choice question. subsidiary accounting a write-up a write-off double entry accounting
If a customer's accounts receivable are determined to be uncollectible under the allowance method, the amount is deducted from Accounts Receivable and written off.
When an uncollectible account is written off, what happens?Uncollectible Bad Debt Writing off a specific account receivable will result in an equal increase in expenses on the profit and loss side and a decrease in accounts receivable on the balance sheet.
A non-collectible account can be written off using the allowance method: a) only affects accounts on the balance sheet. It is evident, based on the entries in the journal above: When the account is written off, the accounts receivables account decreases. When accounts are written off, the allowance for questionable accounts also decreased.
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the market for real estate in chad's area has experienced a sudden increase in demand, and there aren't enough homes to go around. it seems like a bidding war ensues for every available property. what's the condition of the real estate market in chad's area?
The market for real estate in Chad's area has experienced a sudden increase in demand, and there aren't enough homes to go around. It seems like a bidding war ensues for every available property. The real estate market has become a seller's market.
The current state of the real estate market is quite healthy, with values continuing to rise in most areas. This is good news for both buyers and sellers, as it means that there is still a lot of interest in purchasing and selling property.
However, it is important to keep in mind that the market can change quickly, so it is important to stay up-to-date on the latest trends.
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which of the following is not a benefit of budgeting? a. it reduces the need for analysis with regard to company expenses. b. it allows for coordination between various business units. c. it sets goals for the organization. d. it formalizes the plans of management.
It allows for coordination between various business units is not a benefit of budgeting. A project portfolio is a group of initiatives that are coordinated and optimized for an organization's tactical and financial objectives.
Either the organizational or budgeting functional level can manage a portfolio. Combe and Githens (1999) distinguish three broad categories of project portfolios: strategic or enterprise initiatives that add value. Operational: Initiatives that improve organizational efficiency and complete some essential financial tasks. Projects that must be completed in order to preserve regulatory compliance. In order to accomplish a set of strategic goals, strategic portfolio management involves the selection and prioritization of programs and projects.
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when the economy is in a recession, the government will want to increase output. if the multiplier equals 2.5 and the government increases spending by 200, how much will output increase by? group of answer choices
When the economy is in a recession then the output increase by 500
The economy is deemed to have entered a recession if it contracts for two straight quarters. In general, "gross domestic product" (sometimes known as "GDP") is a measure used to determine this. According to Pugliese, unemployment frequently increases during recessions, and total employment levels may even decline. Additionally, GDP growth typically slows down during recessions as a result of decreased employment and consumer demand, which results in lower production of goods and services. Most analysts predicted that any impending US recession would be mild or moderate, in part because the jobless rate would continue to hover around a five-decade low well into 2022. The unemployment rate decreased once more to 3.5% in September, matching the lowest level since 1969.
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judith purchased a nice home, whose value depreciated as a result of the housing crash. she was able to have the majority of her remaining mortgage payments forgiven, which eased a huge financial burden for her. she reasoned that the debt she was forgiven would not negatively impact the overall debt of the country. judith's reasoning is an example of:
Judith's reasoning is an example of a social trap.
Those intended to help people come under prosocial relation. They are usually voluntary actions that are directed toward helping other people or groups of individuals. They usually involve understanding other people's problems and helping them solve those problems. One's ability to determine the problem and get the motivation to help those people. They are usually related to agentic goals or communal goals. Studies show that people's moral judgment guides a person's moral emotion and thus leads to prosocial behavior.
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which of the following does not belong to the authors' list of least developed strategic thinking competencies? select one: a. scanning b. visioning c. reframing d. paying attention to detail e. making common sense f. systems thinking clear my choice check
Making common sense does not belong to the authors' list of least developed strategic thinking competencies.
What is the focus of strategic thinking ?
Finding and developing special opportunities to add value for your organisation is the focus of strategic thinking. The phrase has historically been abused and misused, and too frequently, strategic planning exercises are ineffective.
Understanding your place in the market is one of the five characteristics of strategic thinkers, along with focusing on the goal, comprehending past, present, and future events, asking the right questions, and spotting opportunities. These abilities foster creative thinking and foster the expansion of businesses.
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more than half of the ads for wheel of fortune, a game show that is offered to local stations for free or a reduced rate, are presold to national advertisers. which term best describes this situation?
In addition, radio is a low-cost medium, especially when compared to television. Advertisers can frequently communicate with customers through radio without spending all of their budget on more expensive advertisements.
What is it called when viewers switch channels to avoid commercials?Various uses of the term "zapping" include "channel switching" (Kaplan, 1985), "muting of commercials while on the air," and "fast forwarding of video-taped commercials" (e.g., Tauber, 1985).
For what reason does television play similar ads again and again?He stated, "The rationalization is that in a media landscape that is cluttered with quick cuts, playbacks, and other commercials, all of them aim to get our attention."A good thing is that the same spot always runs. This provides continuity.
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a firm is evaluating two mutually exclusive projects that have unequal lives. the firm must evaluate the projects using the annualized net present value approach and recommend which project they should select. the firm's cost of capital has been determined to be 14 percent, and the projects have the following initial investments and cash flows: tableau3 ( ( project r project s)(initial investment: $40,000 $58,000cash flows: 1 $20,000 $30,000 2 20,000 55,000 3 20,000 4 20,000) ) which project should the firm select?
Pick Project S since it has a $6459 ANPV.
To choose the most favorable project, the ANPV restates the project's NPV into an annual annuity value.
The result is displayed below:
Year Discounting factor at 14% Project R PV of project R Project S PV of project S
0 1 -$40,000 -$40,000 -$58,000 -$58,000
1 0.8772 $20,000 $17,544 $30,000 $26,316
2 0.7695 $20,000 $15,389 $55,000 $42,321
3 0.6750 $20,000 $13,499
4 0.5921 $20,000 $11,842
NPV $18,274 $10,636
Where discounting factor for year 1 = 1 ÷ 1.14
= 0.8772
So,
ANPV for project R = 18274 ÷ 2.9137
= $6272
ANPV for project S = 10636 ÷ 1.6467
= $6459
The cumulative discounting factors are 2.9137 for four years and 1.6467 for two years, both at a 14% rate.
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the following table shows prices and quantities in the hypothetical economy of moneyville for two different items in two different years. assume these are the only two items produced in this economy. prices and output in a two-item economy good 1 good 2 year price output price output year 1 $5 50 10 25 year 2 9 40 15 10 instructions: enter your answers as a whole number. a. calculate nominal gdp for year 1 and year 2. year 1 nominal gdp: $ 500 year 2 nominal gdp: $ 510 nominal gdp increases between year 1 and year 2. b. calculate real gdp for year 1 and year 2 using year 1 as the base year. year 1 real gdp: $ year 2 real gdp: $ real gdp decreases between year 1 and year 2.
Assume these are the only two items produced in this economy.Real GDP redused between 1st year and 2nd year.
Nominal GDP year 1 = Price (Good 1) (Year 1) x Quantity (Good 1) (Year 1) + Price (Good 2) (Year 1) x Quantity (Good 2) (Year 1) = 8*30 + 11*20 = 240 + 220 = 460
Nominal GDP year 2 = Price (Good 1) (Year 2) x Quantity (Good 1) (Year 2) + Price (Good 2) (Year 2) x Quantity (Good 2) (Year 2) = 16*20 + 15*18 = 320 + 270 = 590
Hence nominal GDP increases between year 1 and year 2
Real GDP year 1 = Price (Good 1) (Year 1) x Quantity (Good 1) (Year 1) + Price (Good 2) (Year 1) x Quantity (Good 2) (Year 1) = 8*30 + 11*20 = 240 + 220 = 460
Real GDP year 2 = Price (Good 1) (Year 1) x Quantity (Good 1) (Year 2) + Price (Good 2) (Year 1) x Quantity (Good 2) (Year 2) = 8*20 + 11*18 = 160 + 198 = 358
Real GDP is redused between 1st year and 2nd year.
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return on equity (roe) is: group of answer choices a financial metric. an economic metric. an operating metric. a market metric. none of these answers is correct.
Return on Equity (ROE) is a financial metric. Therefore option (a) 'financial metric' is the correct answer.
Return on equity (ROE) is a measure that provides investors with insight into how efficiently an organization handles the money contributed by shareholders. In other words, Return on Equity (ROE) is a financial metric that measures the profitability of the organization in relation to equity given by stockholders. The higher ROE means that the organization is more efficient in generating income and growth from its equity financing.
ROE is used to compare an organization to its competitors and the overall market within the same industry, since ROE provides an indication of which organizations are functioning with greater financial efficiency.
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Insurance helps you transfer the _________ from your bank account to the insurance company.
By purchasing insurance, you can shift some of the risk from your bank account to the insurance provider.
What exactly is insurance?Most individuals have insurance, whether it is for their car, their home, or even their life. However, most of us don't give much thought to what insurance is or how it operates.
Simply explained, insurance is a contract represented by a policy that provides a policyholder with financial protection or payment from an insurance provider in the case of a loss. The company pooled its clients' risks in order to make payments to the insured more affordable.
Insurance plans are intended to safeguard against the danger of significant and minor financial losses caused by harm to the insured or their property, or liability for damage or injury caused to a third party.
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ricardo is 17 years old. he signs a written contract with joe. under the terms of the contract, joe sells ricardo a car and a motorcycle. ricardo pays joe $1,000 down and is required to pay $500 a month for 12 months. after 3 months, ricardo turns 18 and tells joe that he wants to void the contract for the purchase of the car. ricardo wants to keep the motorcycle. can ricardo void the contract under those terms?
Yes. Ricardo was 17 so he can void the contract.A contract that a minor signs has two options: it can be upheld or canceled.
Why can minors void contracts?In most places, people who are minors (under the age of 18) lack the legal competence to enter into a contract.Therefore, a kid who signs a contract has the option of upholding it or having it canceled.However, there are a few outliers.For instance, a minor often cannot revoke a contract for basic needs like food, clothing, and housing. Since minors lack the legal capacity or competence to independently enter into legally binding agreements or contracts, any contracts they make are void.These people are categorized differently under the law since it is assumed that they are not entirely conscious of what they are doing. In most cases, only people who are of legal age can sign contracts.This means that those who are children, mentally ill, or who lack certain civil rights are not able to enter into contracts.It is important to keep in mind that the age of majority was only lowered from 21 to 18 in 1969, meaning that minors in the early cases were older than they are now when analyzing the cases referenced in regard to the competence of minors.Contracts entered into by minors are typically voidable at the minor's discretion.To learn more about void contract refer
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the residual equity section of statement of financial position for private not-for-profits includes which accounts? g
Unrestricted, Temporarily Restricted, and Permanently Restricted Net Assets are included in the residual equity section of the private not-for-profit statement of financial position.
Net asset value is calculated by dividing the total number of outstanding shares by the net value of an investment fund's assets less its liabilities. NAV is the price at which shares of funds that are registered with the Net Assets U.S. Securities and Exchange Commission (SEC) are traded, and is most frequently used in relation to mutual funds or exchange-traded funds (ETFs).
Net assets, net worth, or capital of the company are terms used to financial describe the difference between assets and liabilities for financial businesses and other legal entities. The fund valuation and pricing are referred to as Net Assets NAV, and they are calculated by dividing the difference between assets and liabilities by the number of shares held by investors.
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john earned a phd in biomedical engineering, and works full-time as a faculty member at the local university. he also does some private consulting work on the side. he would like to give up teaching and do consulting full-time, but he fears there isn't enough demand for it. when computing the official unemployment rate, john is considered:
John would like to stop teaching and focus only on advising, but he is concerned that there would be insufficient demand. When calculating the official unemployment rate, John is deemed employed.
'Demand' is the very first and most fundamental idea that we study in Economics. Demand is defined as the ability and desire of the general population to purchase a good or service. Demand is a microeconomic variable that deals with the 'what is likely to happen' component of the economy. According to the chapter, demand is a crucial subject for Commerce students. Everyone, regardless of field of study, needs to have a basic understanding of demand. In economics, 'demand' refers to a consumer's ability and desire to acquire a good or service. It is the primary driver of a country's economic growth. Other economic activity will become irrelevant without it.
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would the u.s. economy be better off without government intervention in agriculture? who would benefit? who would lose?
The agriculture sector is complicated since it consists of privatised farms that follow rules and procedures that virtually qualify them as public goods. The question of whether the government ought to get more involved in the agriculture sector is still up for discussion.
Except for just ensuring that farms are employing safe procedures to cultivate their food, the United States would be better off without any government involvement in agriculture. In other words, the government would keep an eye out to make sure farmers weren't using banned items, pesticides, or grazing animals that would transmit illness. However, when the government intervenes in any sector of the private sector, sets pricing, or acquires a share in any property or resource that has been privatized, it greatly dilutes its influence, and the overall effectiveness and quality of the end result typically suffer.
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who generally takes responsibility for reporting required information on form 1099-s after a real estate closing?
The seller generally takes responsibility for reporting required information on form 1099-s after a real estate closing.
A real estate is a form of real belongings, which means that it's far something you personally are connected to a bit of land. it is able to be used for residential, business, or business purposes, and usually includes any sources on the land consisting of water or minerals.
Real property refers to real, or bodily, property, and may encompass land, homes, air rights above the land, and underground rights below the land. As an enterprise term, the actual estate also refers to producing, buying, and promoting property.
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describe several sources of uncertainty in estimating the cost of a project as well as strategies you can employ to address uncertainty.
Several sources of uncertainty in estimating the cost of a project are Changes in prices over time. Inflation, government policy, market factors.
Methods to handle uncertainty in economy have gained much attention. Not only does uncertainty permeate every aspect of strategy, it also serves as the precise justification for its necessity. Without ambiguity, getting from point A to point B would just require a strategy.
There are many aspects of running a business that you simply have no control over, including the state of the economy, current political affairs, and the behavior of your rivals. However, in the strategy room, uncertainty is rarely taken into obvious and substantial account.
Various strategies to address uncertainty are-
Invest in solutions for agile operationsLook for where there are gaps or opportunitiesBe transparent with your workforceCreate predictability in small dosesTo know more about uncertainty refer:
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hy don't banks hold 100 p ercent reserves? how is the amount of reserves banks hold related to the amount of money the banking system creates?
The reason why banks don't have 100% reserves is because it is more profitable to use reserves to make loans. The number of reserves banks hold is associated with the number of money the banking system product along the money multiplier. The smaller the fraction of reserves banks hold, the larger the money multiplier, because every dollar of reserves has a function to make more money.
A central bank, monetary authority or also known as reserve bank, generally can be defined as an institution that manages monetary policy and the currency of a state or formal monetary union, and oversees their commercial banking system. Bank don't want to keep the rest of money because bank can earn advantage by loaning some of the reserves out.
This question is not complete, the complete question is:
"why don't banks hold 100 percent reserves? how is the amount of reserves banks hold related to the amount of money the banking system creates?".
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if a taxpayer fails to pay his property taxes on time and the city decides to foreclose the property, what accounting entry should the city make in its general fund
The accounting entry that the city should make in its general fund is to reclassify the property tax receivable account to a tax lien receivable account.
Who is a taxpayer and what accounting entry should the city make in its general fund?A taxpayer is a genuine citizen who pays the money from the salary one gets annually into government's account called tax.Here the question is asked of the consequence of failing the pay of property tax on time and the city decides to foreclose the property .The rule of property tax revenue says that the property tax revenue must be compulsorily recognized in the period of when it is levied.The tax needs to be levied no matter if they are due or if they need to be collected .Hence if a taxpayer fails to pay his property taxes on time and the city decides to foreclose the property, the city should reclassify the property tax recievable account to a tax lien receivable account.To know more about tax visit:
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a company that produces solar panels for domestic use has 800 permanent employees working in different departments. if the company gets involved in a case of intentional employee discrimination, what is the maximum amount of punitive damages it would have to pay under the civil rights act of 1991?
$300,000 is the maximum amount of punitive damages it would have to pay under the civil rights act of 1991.
The Civil Rights Act of 1991 was ratified by President George H. W. Bush on November 21st, 1991. This statute created the possibility of emotional distress damages caused by deliberate job discrimination, as well as the right to jury trials in situations where there have been charges of discrimination.
Financial penalties imposed on the defendant for outrageous behavior and/or to reform or stop the defendant and others from repeating the actions that gave rise to the lawsuit are known as punitive damages, also known as exemplary damages or exemplary punishment.
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funds givern to a state by the national government with speical conditions attached are examples of a revenue sharing b project grants c categorical grants d block grants
Funds given to a state by the national government with special conditions attached are examples of categorical grants.
The federal government provides categorical grants to state and local governments, which they can use to fund particular initiatives within particular programs. Typically, the federal government requires localities and states to submit applications for categorical grants for particular purposes.
Block grants, in contrast to categorical grants, are not subject to as much administrative regulation and can be used for a wider range of purposes.
Grants for specific categories may be given out through a competitive process, as compensation for program expenses, or in accordance with a predetermined formula established by Congress or a government administrative body. According to a 1978 report by the Advisory Commission on Intergovernmental Relations, federal categorical assistance was first made available in 1862 when Congress passed the Morrill Act, allowing states to sell public lands to pay for land grant colleges.
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according to herzberg, what do managers try to achieve by providing hygiene factors at appropriate levels?
Herzberg believes that proper management of hygiene factors can prevent employee dissatisfaction, but these factors cannot serve as a source of satisfaction or motivation. Good working conditions, for example, will keep employees working but will not make them work harder.
Customer Satisfaction Is Satisfying consumer needs is the desire of every company. Meeting consumer needs is not only an important factor for the company's survival, but also enhances its competitive advantage. Consumers who are satisfied with products and services are likely to repurchase and reuse services when the same need reappears in the future. This means that satisfaction is the main consumer repurchase factor that accounts for most of the company's sales volume.
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the debt to equity and the times interest earned ratios provide investors and creditors with a measure of
The debt to equity and times interest earned ratios provide investors and creditors with measure of financial risk.
What is financial risk?Any of the many risks connected to funding, such as those posed by financial transactions involving at-risk business loans, are referred to as financial risks. It is frequently assumed that it solely refers to financial loss possibility and unpredictability on the negative.
Modern portfolio theory, which was first introduced by Dr. Harry Markowitz in 1952 with his article "Portfolio Selection," has developed into a science that deals with managing market and financial risk. In contemporary portfolio theory, risk is defined by a portfolio's variance (or standard deviation). Equity risk is the possibility that changes will be made to implied volatility or stock prices generally (i.e., unrelated to a specific business or sector).
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Having a single intermediary, a retailer, in the marketing channel is most common when?.
Having a single intermediary, a retailer, in the marketing channel is most common when the manufacturer is selling low-cost, low-unit value items. Thus the correct option is A.
What is a Retailer?A retailer is referred to as a channel of distributors who sells the product in small quantities just the opposite of a Wholesaler. This Retailer is in direct contact with customers so they receive direct feedback about the product.
When the producer is selling low-priced, low-unit-value goods, having just one intermediary—a retailer—in the marketing channel is most common. All layers of intermediaries are crucial because they greatly increase their users' access to the goods and services that are available.
Therefore, option A is appropriate.
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erin purchased stock with an initial share price of $15, and sold it when the share price was $17. while she owned the stock, she earned $2 in dividends. what was her total percentage return on the investment? a.) 22.67% b.) 23.53% c.) 11.76% d.) 26.67%
The total percentage return on investment will be 22.67% which Erin purchased stock at the initial share price.
What is the share price?The stock price is the price of one share out of the number of shares available for sale in the company. the stock price is the maximum amount someone is willing to pay for a stock or the minimum amount someone is willing to buy.The amount of money it takes to buy stock in a company. Stock prices are not fixed and fluctuate according to market conditions. It can go up when the company seems to be doing well, and go down when the company isn't performing as expected.When a company goes public and its shares are traded on an exchange, the stock price is determined by market supply and demand. If demand for his stock is high, the price will go up. If the company's future growth potential is questionable, the seller of the stock can lower the price.To find out how valuable a stock is to a trader, take the latest updated value of the company's stock and multiply it by the number of outstanding shares. Another method used to calculate stock prices is the price/earnings ratio.
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the income statement is a permanent document that is used to record what you own (assets) and what you owe (liabilities) on a specific date. true false
The statement about income above is false. It is because income statement or known as profit and loss account is used to record a temporary transactions relating to revenue and expenses.
In business, a profit and loss account or also known as income statement generally can be described as one of the financial statements of a company and shows the company's revenues and expenses during a particular period. A profit and loss account or also known as income statement indicates how the revenues are transformed into the net profit or also net income.
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The above statement is a false statement about the income statement. The balance sheet is a document that is used to record what you own (assets) and what you owe (liabilities) on a specific date.
An income statement is a financial statement that lists the revenue and expenses of the company. Additionally, it displays a company's profit or loss over a specific time frame.
A balance sheet is a financial statement that lists a company's assets, liabilities, and shareholder equity.
It offers a snapshot of the assets and liabilities of a corporation as of the publication date.
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In which market model do firms rely on product differentiation to distinguish themselves from the competition?.
In the monopolistic competition market model companies rely on product differentiation to distinguish themselves from their competitors.
In a monopolistic competitive market, firms differentiate their products based on the product differentiation strategy. Product differentiation is a marketing strategy that gives the edge to firms in a monopolistic competitive market. Firms in monopolistic competition attempt to stand out to potential customers and distinguish their products from other firms in the competition.
What is the Monopolistic Competitive Market?
A market is termed as monopolistic competitive when there are many firms producing the same kinds of products and services. These products and services are similar but are not perfect substitutes for each other. When a firm enters into a monopolistic competitive market, typically it encounters very low barriers since, in the monopolistic competitive market, the decisions of any firm do not directly affect other firms in the market.
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In which market model do firms rely on product differentiation to distinguish themselves from the competition?.
a) pure competition
b) oligopoly
c) pure monopoly
d) monopolistic competition
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non est factum is based not only on the principle of placing loss on the person guilty of carelessness, but also upon recognition of the need for certainty and security in commerce. for these reasons, the application of the principle d) needs to be decided by a jury. b) must always result in the unenforceability of the contract. a) must always result in the enforcement of the contract. c) must depend on the circumstances of each case. e) because of its equitable nature, needs to be decided by a judge alone.
Non est factum is based not only on the principle of placing loss on the person guilty of carelessness but also upon recognition of the need for certainty and security in commerce. for these reasons, the application of the principle needs to be decided by a jury.
A jury is a sworn frame of people convened to hear evidence and render an impartial verdict (a locating of fact on a question) formally submitted to them via way of means of a court, or to set a penalty or judgment.
Juries evolved in England for the duration of the Middle Ages and are an indicator of the English not-unusual place law system. As such, they may be utilized by the United Kingdom, the United States, Canada, Ireland, Australia, and different international locations whose felony structures had been derived from the British Empire. But maximum different international locations use versions of the European civil law or Islamic law structures, wherein juries aren't usually used.
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