Assuming an economy is at the beginning at achievable output, in the lengthy run, an expansionary economic coverage is expected: no longer to affect output in the long run.
-In the long run, an expansionary economic coverage does not have an effect on possible output and is translated alternatively into greater prices, no longer higher output
What is an expansionary monetary policy?Expansionary Monetary Policy
Also recognised as free monetary policy, expansionary coverage will increase the grant of money and deposit to generate economic growth. A central financial institution may installation an expansionist monetary coverage to decrease unemployment and improve increase for the duration of hard economic times.The remaining long-run effect of an increase in the cash furnish in a floating exchange fee device is a depreciation of the forex and no change in real GNP. In the transition process, there is an inflationary effect.
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https://brainly.com/question/28081661#SPJ4write a description of a job interview you have had. a. did you understand the criteria to be used in making a hiring decision? b. did you make arguments in response to the criteria? c. did the job decision rest on the criteria? d. in all, do you think the decision was critical or uncritical, and why?
Focus your response to this interview question on the abilities and characteristics that most closely match the role's requirements.
For instance: Soft or hard skills, like expertise in software or exceptional customer service skills. qualities like dedication, perseverance, and determination.
What should the interviewer's criteria be?
In addition to a solid understanding of the position and previous experience managing people, you should have strong conversational and active listening skills.
What is the most crucial requirement for taking the job offer?
When deciding whether or not to accept a job offer, salary is often viewed as the most important consideration.However, before you agree to accept the salary that has been offered to you, you need to determine the actual value of your experience and skills.
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having money set aside for retirement is a common long-term financial goal. if your goal
It is true that Having money set aside for retirement is a common long-term financial goal.
What is financial goal?Financial goal can be decribed as the long term goal that anyone planonng for his or her future should be make so that he can have enough during the time of retirement.
It should be noted thast this is been consdidered as a long term goal because it involves the planning of it right from the time one get the job so that he can save enough by the time he will retire from the civil service and can styill be financial bouyant.
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Complete questions;
TRUE/FALSE having money set aside for retirement is a common long-term financial goal. if your goal
stephen would like to foster goal commitment in his department. he decides to do this by encouraging the collaboration of employees and leaders on setting the specific proficiency level and due date for a major production goal so that the employees feel a sense of ownership over the goal. stephen has implemented a strategy known as
Stephen has used a strategy called participation in the given case.
The participation strategy outlines how we'll ensure that kids and teens are fully and meaningfully involved in all phases of decision-making and service provision that directly affects them. This technique is supported by modifications to law and policy that mandate a significant increase in the participation of children and young people in determining what occurs to them and how they are cared for.
Through the Children and Young People's Participation Partnership (CY3P), Calderdale Metropolitan Borough Council and Calderdale PCT are spearheading a coalition of organisations in the creation of the participation plan.
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which option would normally involve long-term financing? multiple choice purchase of modern equipment expansion current inventory unanticipated emergencies workers' salaries
The situation that would involve long term financing would be purchasing the production equipment's.
What is Long-Term Financing?
Long-term financing refers to borrowing money or taking out a loan for a period longer than a year through the sale of equity shares, another type of debt financing, long-term loans, leases, or bonds. Large projects, funding, and business expansion are the typical uses. Such long-term financing typically comes with a large amount.
Finance strategic capital projects for the company or increase business operations is the essential concept of long-term finance. These funds are typically invested in initiatives that will benefit the business in the long run.
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economists that do not believe in market failures or that believe the government is not the appropriate entity to intervene when market failures occur, are .
An ineffective distribution of goods and services on the open market is referred to as market failure.
What Is a Market Failure?
Without a comprehensive understanding of what a market failure is and why it occurs, a remedy for it cannot be found. Market failure is typically seen as the inability of a market to meet the requirements of perfect competition that results in an effective distribution of commodities and services.When the law of supply and demand fails to achieve equilibrium in a free market owing to an external influence, this concept is used in general equilibrium economics.In many markets, if not all, there are signs of market failure.When a monopolist seller sets excessive prices for the products, leaving no other option for the customers, this is a straightforward illustration of a failing market.To Learn more About Market Failure refer to :
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Identify the economic goal of sales management.
Every nation aims for economic growth and
employment _________ for all its citizens.
The correct economic goal of sales management is: “Every nation aims for economic growth and employment Rights for all its citizens.”
What does economic goal mean?Economic stability is the most crucial objective. This is because maintaining economic stability makes it possible to accomplish other macroeconomic goals.
Price fluctuations due to an unstable economy may cause inflation or deflation, which will affect the currency effect. Economic goals are not always compatible with one another.
The cost of achieving any one goal or set of goals is having fewer resources available to devote to the other goals. Every country strives for economic development and equal job opportunities for all of its residents.
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copy equipment was acquired at the beginning of the year at a cost of $72,000 that has an estimated residual value of $9,000 and an estimated useful life of 5 years. it is estimated that the machine will output an estimated 1,000,000 copies. this year, 315,000 copies were made. what is the units-of-output depreciation for the year?
According to the given information, the units-of-output depreciation for the year is $19845
Given:
Purchase price = $72,000
Residual value = $9,000
Useful life = 5 years
a) Depreciable cost = $72,000 - $9,000 = $63,000
b) Depreciation rate = Depreciation expense / Depreciable cost
Depreciation expense = [tex]\frac{63,000}{5}[/tex] = $12,600
Depreciation rate = [tex]\frac{12,600}{6,300}[/tex] × 100 = 20%
c) Units of output method =
Depreciation per copy of output = [tex]\frac{63,000}{1,000,000}[/tex] = 0.063 per copy
Depreciation in the current year = $0.063 × 31,5000 = $19,845
The accounting technique of spreading out the cost of a tangible asset over its useful life is known as depreciation. The amount of depreciation shows how much of an asset's value has been utilized. By purchasing assets over a predetermined period of time, it enables businesses to generate income from the assets they own.Comparable to amortization, which takes into account the increase in value of intangible assets over time, is depreciation.Learn more about Depreciation, here
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hugh nelson, cfa, has recently been offered a supervisory role at his firm. nelson will be responsible for managing a large staff of portfolio managers and securities analysts. before accepting the position, nelson reviews the firm's compliance policies and procedures. nelson feels the procedures and policies are adequate, with one major exception, a trade allocation procedure. nelson's most appropriate action is to:
Democratic decision-making occurs when a higher authority invites a member to decide rather than keeping ownership and control of a rule. A majority vote will be required to decide the operation.
Benefits include a swift decision and extensive group participation.There is no culpability for this kind of setback.It is crucial to note right away that Nelson has no right to sue Baker because Baker has the right to reject Nelson’s counteroffer if it does not satisfy his needs.Nelson, the purchaser, has the option of rejecting the counteroffer in accordance with contract law.In the relevant situation, Nelson disregarded certain moral principles including “care and respect for others.” He sued Baker instead of going through the proper channels to sell his residence. Nelson’s statement that Baker “accepted the offer as adjusted” could have been an act of intimidation on Nelson’s part. Nelson’s abuse of authority is another.Since he sued Baker right away, neither “honesty” nor the value of honesty have been recognised.
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which one is not a reason that most businesses fail to raise money? select one: a. most business plans are written on ideas that are fundamentally flawed. b. they are inherently persuasive in nature and do not realistically account for critical risks. c. sources of capital are often not convinced that the industry is hot enough. d. most business plans are focused on the entrepreneur, not the customer.
Most businesses fail to raise money because sources of capital are often not convinced that the industry is hot enough.
What is the straightforward meaning of capital?Things that add value or benefit to society include a factory and its machinery, intellectual property like patents, or the financial resources of a person or business, fall within the broad definition of capital.
What is a business's capital?Business capital refers to all of a company's long-term assets that are valuable both when the company is functioning and after it is sold. In accounting, capital is the total wealth or net worth of a company and its shareholders, calculated as the asset value less the liability value.
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lucas will receive $7,100, $8,700, and $12,500 each year starting at the end of year one. what is the future value of these cash flows at the end of year five if the interest rate is 9 percent?
The cash flows' future value at the end of year five, assuming the interest rate at the end of the year.
(FV= [7100x (1+0.4] + [8700x (1+0.09^3)] + [12500x (1+0.09^2)])
What is the appropriate formula for determining FV?
PV n PV = Present Value = Future Value (FV).r is the percent interest rate, and n is the number of compounding periods.
In project management, what is FV?
The value of a given amount of money in the future is referred to as its future value. You can use the FV formula, for instance, to figure out how much $100 would be worth in ten years if you had it today.
What is an asset's FV?
The estimated price at which an asset is purchased or sold when the buyer and seller freely agree on a price is known as fair value. The fair value of an asset can be determined by comparing the asset's current market value, growth potential, and replacement cost.
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what is the present value of 2900 to be recived at the beginning of each of 30 periods, discounted at 5% compunded interest
The present value of 30 periods will be $12,533,800.
Present value (PV) can be described as the future value of a future sum of money or stream of cash flows given a specified rate of return. Present value takes the future value and applies the discount rate or interest rate that can be obtained if invested.
To know how much interest over a period of time is by the equation below:
PV = Fv/ (1+r)ⁿ
Based on the scenario, we know that
Fv = face value = $2,900
r = rate of return = 5% = 0.05
n = number of time = 30
PV = Fv x (1+r)ⁿ
PV = $2,900 x (1+0.05)³⁰
PV = $2,900 x 4,322
PV = $12,533,800
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consider a $180,000 15-year, fixed-rate mortgage with an annual interest rate of 4.70% and monthly payments. how much of the total expenses on mortgage payments go toward interest during the first two years (round to the nearest dollar)?
The interest payment over two years is equal to $25636.00.
The monthly payments can be found using the PMT function in Excel: PMT(rate, n per, pv, fv, type) rate=monthly rate=7.4%/12=0.6166667% n per=number of periods=15 years*12=180 pv=loan amount=180000 fv=0 Monthly payment=$1658.41 Please find the formulas for the two-year amortization schedule.
Periods Beginning Balance monthly payment Interest amount = (Opening Balance*0.616667%) Principal Repayment = monthly payment-Interest Ending Balance = Beginning Balance-Principal Repayment 1 180000.00 1658.41 1110.00 548.41 179451.59 2 179451.59 1658.41 1106.62 551.79 178899.80 3 178899.80 1658.41 1103.22 555.19 178344.60 4 178344.60 1658.41
What is the formula for the PMT function?The PMT function takes the following arguments: =PMT(rate, n per, PV, [FV], [type]).Rate (required argument): The loan's interest rate. N per (required argument) – The total number of loans paid off.
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what are the immediate effects of chapter 11 bankruptcy on the filing entity and on the entity's creditors
A chapter 11 bankruptcy debtor typically offers a reorganization plan to continue operating its firm and pay creditors over time.
What happens Chapter 11 bankruptcy?Reorganization is normally permitted under this chapter of the Bankruptcy Code, which typically involves a corporation or partnership.A chapter 11 debtor typically offers a reorganization plan to continue operating its firm and pay creditors over time.Individuals or businesses may also apply for chapter 11 relief.A Chapter 11 bankruptcy enables a business to continue operating while reorganizing its debts.Any reorganization plan put out by a firm filing for Chapter 11 must be in the creditors' best interests.The creditors may suggest a plan in the absence of a proposal from the debtor.To learn more about Bankruptcy refer,
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when creating and maintaining an ethical culture, corrective action involves rewarding employees who comply with company policies and standards and punishing those who do not. group of answer choices true false
It is TRUE that, When creating and maintaining an ethical culture, corrective action involves rewarding employees who comply with company policies and standards and punishing those who do not.
According to Muel Kaptein, a professor of business ethics and integrity management at Rotterdam School of Management, ethical culture can be described as a collection of experiences, presumptions, and expectations of managers and employees about how the company discourages them from acting unethically and encourages them to do so. A variety of elements, including formal and informal systems, are included in the ethical context, which also includes ethical culture. In contrast to informal systems, which are unwritten policies, practices, and values that are pertinent to ethics, formal systems are the tangible organisational elements related to ethics that are purposefully designed and implemented (such as ethics programs). Since ethical culture is deeply ingrained in an organisation and its workforce, it is harder to measure than the formal components of ethics programmes (such as a code of ethics, helpline, and training).
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when using competitive bidding to determine prices, the purchaser should ensure that the bidders are:
When using competitive bidding to determine prices, the purchaser should ensure that the bidders are qualified to make the item or service in accordance with the buyer's specification, able to deliver it by the desired date, sufficiently reliable, and numerous enough to ensure a truly competitive price
What is competitive bidding?
The technique of requesting several suppliers to submit bids for the same material, product, or service in accordance with the needs of the company is known as competitive bidding. Companies that distribute goods or services on a broad scale typically choose this option.
What is competitive pricing?
The practice of choosing strategic price points to take advantage of a product- or service-based market in relation to competition is known as competitive pricing.
Once a price for a good or service has stabilized, competitive pricing is typically used.
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the opec oil crisis in 1971 increased the us inflation rate, which led to negative effects on the trade position, and this led to a(n) blank in the value of the dollar. multiple choice question. increase
The OPEC oil crisis in 1971 increased the us inflation rate, which led to negative effects on the trade position, and this led to a decrease in the value of the dollar.
What caused OPEC crisis?When the Organization of Arab Petroleum Exporting Countries (OAPEC), led by Saudi Arabia, declared an oil embargo in October 1973, the 1973 oil crisis, also known as the first oil crisis began. The 12 nations that made up OPEC at the time ceased selling oil to the United States during the OPEC oil embargo. Gas costs skyrocketed as a result of the embargo. Prices increased by more than treble between 1973 and 1974. Stagflation resulted from the embargo. Two specific occurrences in the Middle East, the Yom-Kippur War in 1973 and the Iranian Revolution in 1979, contributed to the oil crisis of the 1970s.
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question mode multiple choice question which of the following is the correct statement about fixed costs? multiple choice question. the fixed cost per unit will increase when volume increases. the fixed cost per unit will decrease when volume decreases. the fixed cost per unit does not change when volume changes. the fixed cost per unit will decrease when volume increases.
Answer:
The fixed cost per unit will decrease when volume increases.
Explanation:
The fixed cost per unit will decrease when volume increases.
What is a fixed cost?
The costs which don't change even with an increase or decrease in the number of goods or services produced or sold are known as fixed costs.
However, the fixed cost changes with a change in the volume of production. The fixed cost per unit will decrease when the volume of production increases for that particular product.
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suppose the us and mexico both produce semiconductors and auto parts and the us has a comparative advantage in semiconductors while mexico has a comparative advantage in auto parts. also suppose the us has an absolute advantage in the production of both semiconductors and auto parts. the us should
The US should export semiconductors to Mexico and import auto parts from Mexico.
According to the comparative advantage theory, even if one country can produce all goods more affordably than another, both countries can still trade in a way that is advantageous to both parties. According to this theory, relative effectiveness is important. Therefore, when the US has a comparative advantage in producing semiconductors and Mexico has a comparative advanatge in producing auto parts, they both should export their products to other nations while benefitting both the nations.
Given all the products it can produce, a country has a comparative advantage in one that it can produce more effectively. The country that has the comparative advantage should focus on producing that good.
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Complete question is:
Suppose the U.S. and Mexico both produce semiconductors and auto parts and the U.S. has a comparative advantage in semiconductors while Mexico has a comparative advantage in auto parts. Also suppose that the U.S. has an absolute advantage in the production of both semiconductors and auto parts. The U.S. should:
A. not trade semiconductors and auto parts with Mexico.
B. import semiconductors from Mexico and export auto parts to Mexico.
C. export semiconductors to Mexico and import auto parts from Mexico.
D. export both semiconductors and auto parts to Mexico.
a company services office equipment. some customers bring their equipment to the company's service shop; other customers prefer to have the company's service personnel come to their offices to repair the equipment. the most appropriate costing method for the company is
The most appropriate costing method for the company is a job-order costing system. Systems for job-order costing accumulate costs for one-of-a-kind, one-time projects or tasks
The costs associated with each customer for each service call are of interest to a company that maintains office equipment.
A company, also known as co., is a legal designation for a group of people with a particular goal who are either naturally occurring, legally created, or a combination of both. Members of the company collaborate to accomplish clearly stated objectives.
Any system for allocating costs to a component of a business is referred to as costing. Costing is frequently used to establish costs for clients, suppliers, personnel, businesses as a whole, and subsidiaries. In Basic Costing, you'll learn how to recognise the organisational cost components and differentiate between the nature and behaviour of various costs.
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An arena receives $1,000 per event for 16 concerts. If the administrative costs for this sponsorship total $12,000, what is the profit margin for the concert sponsorship?.
For 16 concert events, the profit margin for the concert sponsorship is 25%.
Profit margin is usually expressed in percentage or ratio to total revenues.
The formula for the profit margin is:
PM = [(Revenue - total cost ) / revenues] x 100%
Data from the problem:
The revenue per event = $1,000
number of events = 16
Hence,
total revenue = 16 x $1,000 = $16,000
total cost = $12,000
Profit = $16,000 - $12,000 = $4,000
Therefore,
Profit margin = 4,000/16,000 x 100% = 25%
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lauren buys groceries every month from walmart and rarely does much research on the products she buys. what is the marketing term for this type of consumer behavior?
Lauren buys food from Walmart once a month and rarely does research on the things she buys. Routine response is the marketing phrase for this type of consumer behavior.
Wal-Mart Stores is an American multinational retail firm headquartered in Bentonville, Arkansas that operates a chain of hypermarkets (also known as supercenters), discount department stores, and grocery stores throughout the United States.
The company was established in 1962 by Sam Walton in the nearby town of Rogers, Arkansas, and on October 31, 1969, it was incorporated in Delaware under the General Corporation Law.
Additionally, it owns and runs Sam's Club retail locations. Walmart has annual revenues of almost $570 billion, making it the greatest firm in the world by revenue, according to the May 2022 Fortune Global 500. It is also the largest private employer in the world with 2.2 million workers. It is a publicly traded family business because the Walton family owns and controls the corporation. In 1972, Walmart debuted on the New York Stock Exchange.
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the timing of the kickoff meeting is critical for which of the following reasons? team members must know what they are expected to complete before beginning project work. the project cannot begin unless the scoping phase is complete. the project manager needs to ensure governance processes are in place before beginning. the project manager needs time to select the best team members once the scope is done.
The timing of the kickoff meeting is critical for the project manager needs time to select the best team members once the scope is done.
What is manager ?A business manager is a supervisor who manages and oversees the team members and operations of a company or division. They make an effort to maintain the business's productivity, efficiency, and organization at all times by establishing operating plans, carrying out performance evaluations, and monitoring all daily activities.A manager is a person who oversees the distribution of resources or the coordination of personnel efforts within an organization. A manager is therefore someone who engages in management operations.Maintaining the essential quality standards for the firm is one of management's fundamental goals.To establish, implement, and sustain quality, the team members in conjunction with other departments, managers, and team members.To learn more about manager from the given link :
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for certain controls, such as assignment of authority and responsibility, documentary evidence may not exist. an auditor would most likely test the controls by group of answer choices computer-assisted methods and corroboration. observation and inquiry. inspection and vouching. confirmation and recomputation.
The auditor most likely will test the procedures by Observation and inquiry.
What is mean by documentary evidence in assignment of authority and responsibility?The act defines The act defines documentary evidence as all documents produced for the court's inspection. The purpose of creating documents is to rely on the accuracy of the statements contained within them. This entails analyzing three questions when a document is produced in court:The Evidence Act of 1872 contains explicit provisions regarding documentary evidence in Chapter V, Sections 61-90. These provisions detail the guidelines and procedure for admitting documentary evidence in a court of law. It also specifies the evidentiary value of such documents. as all documents produced for the court's inspection.The purpose of creating documents is to rely on the accuracy of the statements contained within them. This entails analyzing three questions when a document is produced in court:To learn more about documentary evidence refer:
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when substantially all the assets of the target corporation are received in exchange for voting stock and selected liabilities, the restructuring can qualify as a
When all the assets of a target corporation are received substantially in exchange for selected liabilities and voting stock, the restructuring can qualify as a 'Type C-reorganization'.
A 'Type C-reorganization', occurs when a target corporation, called the target, transfers 'substantially' all of its assets/properties to an acquiring corporation, called the acquirer, solely in exchange for the acquirer's voting stock and selected liabilities. That is why the 'Type C-reorganization' is often known as an 'asset acquisition.'
In the 'Type C-reorganization', the acquiring corporation acquires 'substantially all of the properties of the target corporation. If the target corporation transfers less than 'substantially' all of its assets, the transaction does not qualify as the 'Type C-reorganization'.
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what offers a pay-per-use revenue model similar to a metered service such as gas or electricity?
A metered service like gas or electricity offers a pay-per-use business model akin to utility computing. A aspect of cloud computing called utility computing enables customers to scale up and down in response to their needs. Utility computing services might vary and only apply to a brief period of time for many enterprises.
Additionally, these services might be distributed among service providers and regions. Utility computing services on the cloud have an average lifespan of two hours, according to study. Scalability, demand pricing, standardized utility computing services, automation are some of the key characteristics of utility computing.
Customers, individuals, or companies purchase services like data storage, computing power, application services, virtual servers, or even hardware rentals like CPUs, monitors, etc.
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the growth of a particular industry within a local area can create specialized resources for that industry leading to a production cost advantage in that locality. this advantage is known as
The growth of a particular industry within a local area can create specialised resources for that industry leading to a production cost advantage in that locality. This advantage is known as industry economies of scale.
Economies of scale are cost advantages that businesses enjoy as a result of efficient production. In order to attain economies of scale, businesses must increase production while reducing expenses.This happens because costs are divided among a wider range of commodities.
Examples of economies of scale:
Bulk purchases allow a big box retailer to keep costs down per item.A larger manufacturing company can afford to invest in more effective production technologies than a smaller manufacturing company can.To know more about economies of scale:
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what do manufacturers sometimes add to stored-pressure water extinguishers in order to increase their effectiveness?
Manufacturers sometimes add class A foam to stored-pressure water extinguishers in order to increase effectiveness.
A biodegradable blend of foaming and wetting chemicals is called "Class "A" Foam Concentrate. Two qualities of water may be altered when the right quantities are combined with it. The wetting effectiveness of Class "A" foam will increase, allowing for deeper penetration into Class "A" fuels. When sodium bicarbonate and foam stabilizer are combined with aluminum sulfate in a foam-type fire extinguisher, a reaction occurs that releases carbon dioxide, which is used to put out the fire.
Level A When it comes to disposal, the foam may be created from non-corrosive, non-toxic, and biodegradable components. Heat absorption is greatly boosted when a foam bubble's surface area is greater than that of simple water droplets.
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what effect over the last decade, has the increasingly efficient and inexpensive technology of online college courses had on the college textbook market?
The impact of online college courses' increasingly cost-effective and efficient technology on the market for college textbooks during the past ten years has been Since there is less need for physical textbooks, many publishing businesses are finding it difficult to fill high-skilled textbook editor positions.
A Physical Book is a collection of written, printed, illustrated, or blank sheets consisting of paper, parchment, ink, or other materials that are often bound together at one side and released by ABC. In this way, reading real books helps you escape the digital world and focus on the present without being interrupted.
A physical textbook gives you the assurance that it will always be there to provide you with the knowledge you require. Reading e-books is better for the environment because there is no need for paper, so you can feel good about it while you read.
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on a cvp chart, the slope of the line which starts at the level of fixed costs and slopes upwards is the:
On a CVP chart, the slope of line which starts at the level of fixed costs and slopes upwards is variable cost per unit 3.
What is CVP analysis?When deciding on short-term business strategies, leaders use the financial planning tool known as Cost Volume Profit (CVP) Analysis, also referred to as break-even analysis. This demonstrates to business decision-makers the impact of variations in selling price, costs, and volume on profits. Leaders in financial planning and analysis use break-even analysis as their most frequent method of applying CVP. The most straightforward way to describe break-even analysis is to say that it involves figuring out how many sales are required to reach the breakeven point in terms of cost of operations. A CVP analysis is immediately necessary given the risks of not performing one. In his book Pizza Tiger, Tom Managhan, the creator of Domino's Pizza, provides a real-world illustration of a CVP issue he encountered in the beginning.
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coffeewk inc.'s bonds currently sell for $1,267 and have a par value of $1,000. they pay a $107 annual coupon and have a 20-year maturity, but they can be called in 7 years at $1,080. what is their yield to call (ytc)?
7.17% is their yield to call (ytc). A bondholder will earn a return if they hang onto the bond until the call date, which happens before it matures, according to the financial term yield to call (YTC).
Yield to call
RATE (NPER,PMT,-PV,FV)x2
= 7.17%
=RATE (7,105,-1240,1100)×1
The return a bondholder obtains if they keep the securities until the call date, which is before the date of maturity, is referred to as "yield to call."
Callable bonds, which are securities that enable bond holders to redeem their bonds early at the call price (or for the bond issuer to repurchase them), are subject to yield to call.
Utilizing computer tools, yield to call can be mathematically determined.
This figure is the compound interest rate at which the present value of a bond's future coupon payments and call price equals the bond's current market price.
Yield to call refers to callable bonds, which are debt instruments that permit bondholders to repurchase bonds from bondholders at a price known as the call price on a date known as the call date. By definition, a bond's call date comes first in the timeline, then it matures.
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