Occasion segmentation is a very specific form of behavioral segmentation by which segments are formed based on when a product or service is purchased or consumed.
Occasion segmentation involves dividing the market into groups based on the specific occasions when customers are most likely to purchase or use a product or service. This approach allows marketers to develop targeted marketing campaigns that are tailored to the specific needs and preferences of each segment, and to time their marketing activities to coincide with key purchasing or usage occasions. Occasion segmentation can be used for a wide range of products and services, from consumer goods and personal care products to travel and entertainment services. By understanding the occasions that drive customer purchases, marketers can create more effective marketing strategies that resonate with their consumer target audience and drive higher levels of engagement and conversion.
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margo buys music cds and movies on dvds. the table above shows her total utility from each good. a) draw graphs showing margo's utility from music cds and from movies on dvds. b) compare the two utility graphs. describe margo's preferences. c) draw graphs that show margo's marginal utility from music cds and from movies on dvds. d) what do the two marginal utility graphs tell you about margo's preferences?
The general guide on how to draw utility and marginal utility graphs and answer the other parts of the question based on that.
A. To create Margo's utility graphs for music CDs and DVD movies, plot the total utility statistics in the table against the quantity of each commodity consumed.
B. We can discover Margo's preferences between music CDs and DVD movies by comparing the two utility graphs.
C. In order to draw Margo's marginal utility graphs for music CDs and DVD movies, we must calculate the change in total utility caused by consuming an additional unit of each good.
D. By comparing the two marginal utility graphs, we can see how Margo's preferences for music CDs and DVD movies vary as she consumes more of each.
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how corporations are designated changes depending on where the corporation is doing business. when a corporation is in the state in which it is incorporated it is known as a(n) .
The correct answer is No, whenever a corporation changes its purpose significantly, it must always amend or renew its charter.
A partnership is a company that is owned by two or more people and operates with the goal of turning a profit. A legal entity, the company is structured in accordance with the legislation of the state in which it is created. Owners and the company organisation are distinct entities. A corporate charter, usually referred to as a "charter" or "articles of incorporation," is a written instrument that the founders of a corporation file with the Secretary of State (or registrar in Canada). It describes a company's primary elements, including its goals, organisational structure, and anticipated activities.
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what information-eliciting strategy helps to enable the analyst to see the reality of the situation rather than listen to others try to describe it?
The information-eliciting strategy that helps to enable the analyst to see the reality of the situation rather than listen to others try to describe it is observation.
As a language model AI, I am unable to speak from personal experience, but the information-eliciting strategy known as Direct Observation helps the analyst perceive the issue as it really is rather than relying on others to try to explain it. By physically seeing the scenario or event under consideration, the analyst can get a firsthand understanding of what's going on. This technique is known as direct observation. The analyst may form their own conclusions and interpretations by actively observing rather than depending on the views or perceptions of others. By doing so, biases are reduced and a more accurate picture of the issue is provided, enabling better decision-making.
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abc buys widgets for $5 cash and sells them on account for $8. at the point of sale, what is the effect on the net income of abc?
The correct option is: B) Increase $3 . According to gaap, accounting record is ready based on accumulation technique where income will be thought about when deals will be made, not based on collection.
GAAP comprises of a typical arrangement of accounting rules, necessities, and practices gave by the Monetary Accounting Norms Board (FASB) and the Governmental Accounting Norms Board (GASB). GAAP decides to normalize the groupings, suspicions and methods utilized in accounting in
ventures across the US. The design is to give clear, reliable and tantamount data on organizations financials.
For what reason should an organization follow GAAP?
Following GAAP guarantees monetary data is reliably and precisely revealed. It is an accounting practice expected for profits, not-forprofits, and government entities.
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The complete question is:
ABC buys widgets for $5 cash and sells them on account for $8. At the point of sale, what is the effect on the net income of ABC?
A) Decrease $5 B) Increase $3 C) No effect D) Increase $8
what are some advantages and disadvantages of a government continuing to issue paper currency in the face of widespread financial innovation?
Answer:
Some of the advantages of a government continuing to issue paper currency in the face of widespread financial innovation include increased trust and confidence in the currency, a sense of security for citizens and businesses, and regulation of the financial system. Disadvantages include the cost of printing and maintaining paper currency, the risk of counterfeiting, and the difficulty of tracking the circulation of paper currency. Additionally, paper currency may not be able to keep up with the speed of modern financial transactions, and its use may hinder the development of new and innovative financial technology.
a local sporting goods store sells guns. each gun must be tracked by the government to aid in crime investigation and for other reasons. the most appropriate cardinality between the order and product (gun) entities is represented by which erd? (only maximum cardinalities have been included.)
The most appropriate cardinality between the Order and Product (Gun) entities is represented by ERD Because it is serializable.
What is ERD?Entity Relationship Diagrams, sometimes referred to as ER Diagrams, ER Models, or ERDs, are a sort of structural diagram used in database architecture.
It is divided into series with the new generation unification order to the product.
ERD is a crucial component of building your software systems or how you apply your business intelligence solutions when it comes to business analysis. Companies that have a lot of data and sophisticated databases may employ ERD.
Analysts primarily use it while creating databases. The database enables them to convey the organizational structure of the firm to other teams, and this overview will assist you in creating business-supporting applications.
Therefore, Because it is serializable.
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Your question is incomplete, most probably the complete question is;
A local sporting goods store sells guns. Each gun must be tracked by the government to aid in crime investigation and for other reasons. The most appropriate cardinality between the Order and Product (Gun) entities is represented by which ERD? (Only maximum cardinalities have been included.)
(A) because it is non-serializable (virtual)
(B) because it is non-serializable (virtual)
(C) because it is serializable
D) because it is serializable
after years of customer feedback, bank of bux is finally going paperless. the bank's communications team promoted the strategy both internally and externally. customers were strongly encouraged to utilize the bank's website and mobile system for all their banking needs. customers unfamiliar or uncomfortable with online banking could sign up for workshops where employees show them how to navigate both the bank's new website and mobile app. the bank's initiative demonstrates
the bank's initiative demonstrates a place where the company can save money while also making a difference in the environment.
The Bank of Bux's paperless programme shows how strategically it has responded to client input in order to accommodate their demands and desires. The bank wants to convey its move to digital banking and boost client acceptance of its online and mobile banking services, therefore it is marketing the approach both internally and publicly. The bank makes sure that all of its clients can use its services by providing seminars to assist those who are inexperienced with internet banking. The programme symbolises a change towards operations that are more effective and ecologically friendly while also enhancing the comfort and experience of the client.
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after years of customer feedback, bank of bux is finally going paperless. the bank's communications team promoted the strategy both internally and externally. customers were strongly encouraged to utilize the bank's website and mobile system for all their banking needs. customers unfamiliar or uncomfortable with online banking could sign up for workshops where employees show them how to navigate both the bank's new website and mobile app. the bank's initiative demonstrates what?
a company's prime costs total $4,600,000 and its conversion costs total $8,600,000. if direct materials are $1,800,000 and factory overhead is $5,800,000, then direct labor is:
Using the conversion costs formula, which takes into account direct
labour and factory overhead, we may calculate the cost of direct labour. Cost of conversion = Direct labour + Factoryoverhead.Thus,$2,800,000 is the direct labour cost.
Direct materials and direct labour make up the majority of the company's prime costs and conversion costs. The raw materials used in the production process and included in the prime costs are referred to as "direct materials." Factory overhead, which is a component of conversion costs, describes the supplemental expenses incurred throughout the manufacturing process. The direct materials cost of $1,800,000 and the factory overhead cost of $5,800,000 can be subtracted from the overall conversion expenses of $8,600,000 to determine the direct labour costs. Direct labour expenses as a result come to $1,000,000 ($8,600,000 - $1,800,000 - $5,800,000). Consequently, the company's direct labour expenses total $1,000,000.
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dollar thrifty told hertz and avis budget to submit their best and final proposals. in the end dollar thrifty combined with one of the companies in a(n)
The situation described in the prompt seems to refer to a corporate strategy known as a "competitive bidding process".
In this process, companies such as Dollar Thrifty request bids or proposals from potential business partners or competitors, usually with the objective of selecting the best offer or partner.
In the case described, Dollar Thrifty requested final proposals from Hertz and Avis Budget, likely to determine which company would be the best fit for a potential merger or acquisition. After reviewing the proposals, Dollar Thrifty decided to combine with one of the companies, suggesting that the chosen company had made the most compelling offer or was considered the best fit for Dollar Thrifty's needs.
The outcome of this competitive bidding process could have significant implications for the future direction and success of the companies involved. By combining with a strategic partner, Dollar Thrifty may have gained access to new markets, technologies, or resources, while Hertz or Avis Budget may have missed out on a potential opportunity for growth or expansion.
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the computations required to prepare the statement of cash flows include all of the following except equipment purchased with a note payable. the sale of investments in debt or equity securities. borrowing via notes payable or bonds. the sale of goods or services.
Three columns make up a conventional cash flow statement: cash from operating operations, cash from investment activities, and cash from financing activities.
The statement of cash flows contains what?The sum of the cash flows from operations, investments, and financing is known as net cash flow and is included in the cash flow statement. Cash flow from operations, or CFO, is the first section of the cash flow statement and comprises all transactions from operational business activities.
What are the seven procedures for creating a statement of cash flows?How to Create a Cash Flow Statement in 7 Easy Steps
In order to prepare a cash flow statement using the indirect approach, we will now go through the process step by step: To begin, gather the fundamental paperwork.
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you are going to invest in a stock mutual fund with a front-end load of 3.5 percent and an expense ratio of 1.51 percent. you also can invest in a money market mutual fund with a return of 2.3 percent and an expense ratio of .20 percent. if you plan to keep your investment for 2 years, what annual return must the stock mutual fund earn to exceed an investment in the money market fund? what if your investment horizon is 10 years? (do not round intermediate calculations. enter your answers as a percent rounded to 2 decimal places.)
A mutual fund is a pooled assortment of resources that puts resources into stocks, bonds, and different protections. The stock mutual fund must earn an annual return of at least 4.79% (2.5% + 1.29% + 3.79%) to exceed the money market fund return over a 10-year period.
For a 2-year investment horizon:
The effective annual rate of the stock mutual fund is:
(1 + r) = (1 - 0.035) / (1 - 0.0151) = 0.96208
r = 1.00 - 0.96208 = 0.03792 or 3.79%
To exceed the money market fund return, the stock mutual fund must earn an annual return greater than 2.3% + 0.20% = 2.5%.
Therefore, the stock mutual fund must earn an annual return of at least 6.29% (2.5% + 3.79%) to exceed the money market fund return over a 2-year period.
For a 10-year investment horizon:
The effective annual rate of the stock mutual fund is:
(1 + r) = (1 - 0.035) / (1 - 0.0151) = 0.96208
r = 1.00 - 0.96208 = 0.03792 or 3.79%
To exceed the money market fund return, the stock mutual fund must earn an annual return greater than 2.3% + 0.20% = 2.5%.
Assuming that the expense ratio remains constant over 10 years, the required annual return of the stock mutual fund is:
(1 + r)^10 = (1.025 / 0.96208)
r = (1.025 / 0.96208)^(1/10) - 1 = 0.01292 or 1.29%
Therefore, the stock mutual fund must earn an annual return of at least 4.79% (2.5% + 1.29% + 3.79%) to exceed the money market fund return over a 10-year period.
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problem1answered. problem2answered.this problem is current being displayed. problem3 question content areacool taste company recorded $2,800 in sales on account for the week. what effect does this transaction have on the accounting equation?
The AreaCool Taste Company's transaction to record $2,800 in sales on profile for the week seems to have the following effects on assets, liabilities, and equity in the accounting equation.
Explain what asset means.Resources used by either a person or a business are considered assets. For instance, a person's personal assets may consist of their professional background or a life insurance coverage. In contrast, a company's assets are things that it can use to make money.
What is not a strength?The resources that a company owns (such as money, accounts receivable, and vehicles) are known as its assets, but the loan that is taken does not constitute an asset.
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many operations management decisions can be described as trade-offs. True or False
True - Many operations management decisions involve trade-offs, where managers have to choose between alternatives, each with its own set of advantages and disadvantages.
What is Operations management?Operations management involves making decisions that affect the efficiency and effectiveness of a company's operations. Many of these decisions involve trade-offs, which require managers to balance competing priorities and make choices between alternatives. The trade-offs can involve a variety of factors, including cost, quality, speed, flexibility, and capacity utilization.
The ability to make effective trade-offs is a critical skill in operations management. Managers need to weigh the pros and cons of different options, consider the impact on various stakeholders, and make decisions that are aligned with the company's overall objectives. Successful operations management requires the ability to make informed and thoughtful trade-offs that balance short-term and long-term goals and optimize the use of the company's resources.
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a customer has asked ch for an estimate on a basic, 1,500 square-foot home on a vacant lot, which already has utilities installed. the client is a cooking enthusiast, and also wants luxury appliances. based on the engineering estimates above, what will such a house cost to build?
Without more information about the specific location and other details about the house and appliances, it's difficult to provide an accurate estimate for the cost of building a 1,500-square-foot home with luxury appliances on a vacant lot with utilities installed.
However, we can provide some general information about factors that can impact the cost of a new home build.
One of the biggest factors that affects the cost of building a new home is the location. Construction costs can vary widely depending on factors such as local building codes, the availability of skilled labor, and the cost of materials in the area. Other factors that can impact the cost of a new home build include the complexity of the design, the type of foundation, and the quality of the materials used.
Additionally, the cost of luxury appliances can vary widely depending on the specific products chosen. Luxury appliances can range from high-end refrigerators and ovens to specialized equipment such as built-in espresso machines and wine coolers. The cost of these appliances can add significantly to the overall cost of a new home build.
To provide an accurate estimate for the cost of building a specific home, it would be necessary to have more information about the location, design, and materials to be used. A professional contractor or builder could work with the client to create a detailed estimate that takes all of these factors into account.
In summary, the cost of building a new home can vary widely depending on a number of factors, including location, design, materials, and appliances. To get an accurate estimate for the cost of building a specific home, it's important to work with a professional contractor or builder who can provide a detailed estimate based on the specific details of the project.
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Which explains one way that a general partnership differs from a limited partnership?
a. In a general partnership, each partner may own as much of the company's stock as they want.
b. A general partnership requires all partners to make the business decisions collectively.
c. Each partner in a general partnership is fully responsible for all of the business's debts.
d. In a general partnership, there is only one partner who is responsible for all of the business's debts
Option - c. Each partner in a general partnership is fully responsible for all of the business's debts.
This statement is true and it explains one way that a general partnership differs from a limited partnership.
In a general partnership, each partner is entirely and equally liable for the obligations and liabilities of the company. This means that each partner is liable for any debts that the company accrues, even if they were incurred without their knowledge or approval.
In contrast, there are two different kinds of partners in a limited partnership: general partners and limited partners.
While limited partners have limited liability and are only liable for the amount of their investment, general partners in a general partnership are equally accountable as partners.
Similar to a general partnership, a limited partnership must have at least one general partner, as opposed to the minimum need of two for general partnerships.
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Today, Courtney wants to invest less than $5,000 with the goal of receiving $5,000 back sometime in the future. Which one of the following statements is correct?A.The period of time she has to wait until she reaches her goal is unaffected by thecompounding of interest.B.The lower the rate of interest she earns, the shorter the time she will have to wait to reach hergoal.C.She will have to wait longer if she earns 6 percent compound interest instead of 6 percentsimple interest.D.The length of time she has to wait to reach her goal is directly related to the interest rate sheearns.E.The period of time she has to wait decreases as the amount she invests today increases.
The correct statement is D. The length of time Courtney has to wait to reach her goal is directly related to the interest rate she earns. This is because the higher the interest rate, the faster her investment will grow, and the less time she will need to reach her $5,000 goal.
Conversely, a lower interest rate will mean slower growth and a longer time required to reach her goal. Statements A and E are incorrect because the period of time required to reach the goal is affected by both the interest rate and the amount invested. Statement B is also incorrect because a lower interest rate will mean slower growth and a longer time required to reach her goal, not a shorter time. Statement C is also incorrect because compound interest will actually result in faster growth than simple interest, which means she will have to wait less time to reach her goal if she earns 6% compound interest instead of 6% simple interest.
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scenario a: climber inc., a mountain bicycle manufacturer, has been in the bicycle industry for a year now. the ceo wishes to better the company. he starts by looking at the sales records of the year that they have been in business and notices that the company's sales have been declining at a steady pace for the past six months and that at present they are selling only half as many bicycles as they want to. in an attempt to increase sales, he either wants to bring down the prices of his bicycles or expand the company by opening a new branch in another area. the ceo shares his views with the sales manager and finance managers. together they decide that reducing the prices would definitely increase sales, although the profits would come down. they also conclude that opening a new branch would only increase expenses. they conclude that they will reduce the prices of the bicycles. the plan is implemented and the ceo keeps a record of the sales every month to make sure the change is effective. which of the following steps in the basic planning process do the managers of climber inc. perform by deciding to reduce prices?
The basic planning method is being used by the managers of Climber Inc. to identify the issue declining sales by examining the sales data.
How can it be explained in detail?They then come up with other plans of action, such as lowering the pricing or growing the business by adding a new branch. After carefully weighing all of their options, they decide that, despite the fact that it would result in lower profits, lowering the pricing would be the wisest move to make in order to boost sales. The strategy is then put into action by lowering the pricing, and the outcome is tracked by keeping track of sales each month to make sure the adjustment is successful.
Overall, the management of Climber Inc. are showing excellent planning by understanding the problem, producing options, weighing the advantages and disadvantages of each alternative, coming to a choice, carrying out the plan, and tracking the outcomes. They boost their odds of success in reaching their aim of enhancing the company.
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brenda saves money during the summer because she works fewer hours during the fall and her income drops then. brenda is practicing which type of coping strategy?
Brenda is practicing a type of coping strategy known as "anticipatory coping."
Anticipatory coping involves taking proactive measures to prepare for future stressors or challenges, rather than simply reacting to them when they arise. In this case, Brenda is anticipating the financial stress she may experience during the fall when her income drops due to working fewer hours, so she is proactively saving money during the summer to help alleviate that stress. Anticipatory coping can be an effective way to manage stress because it allows individuals to feel more in control of their situation and better prepared to handle challenges as they arise.
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when several people in an organization participate in purchase decisions, often for more important or expensive contracts, it is called .multiple choice question.
When several people in an organization participate in purchase decisions, often for more important or expensive contracts, it is called a buying center.
Buying centers are organizations' groupings of people who make purchasing decisions. Large organizations frequently have permanent departments made up of personnel who shop for a living. In other words, they are professional buyers. Their titles differ.
They are simply referred to as purchasers in some businesses. They are known as purchasing agents, purchasing managers, or procurement officials at other companies. Buyers are frequently referred to as merchandisers by retailers.
The majority of persons who work in these fields have bachelor's degrees in science. Some people go through further industry training to get an advanced purchasing certification. Buyers can have a significant impact on a company's expenses, revenues, and profitability.
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Correct question:
when several people in an organization participate in purchase decisions, often for more important or expensive contracts, it is called _____.
One of the basic frameworks used to describe how environments affect organizations is(A) influence group pressure.(B) environmental change and complexity.(C) regulatory pressure.(D) situational diversity.(E) regulatory contingency.
One of the basic frameworks used to describe how the environments affect organizations is environmental change and complexity. Hence option (B) is the answer.
How do changing environments affect organizations?When the environment changes, the organization that operates there must frequently adjust as well. Environmental uncertainty is the degree of complexity and change in the surroundings of an organization. Legal, technological, sociocultural, and other restrictions are imposed on organizations by the environment. Stability, complexity, resource scarcity, and uncertainty are the four factors that best explain the type of change that occurs in the environment.
Almost any component of a business operations that is changed may encounter opposition, and various cultures may respond in different ways to the change itself and the methods used to implement it. Over time, a company's external environment changes. This situation is very complicated and varied as well.
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which basic question should the vision statement answer? how can we improve ourselves? how can we increase profitability? what is our business? who are our stakeholders? what do we want to become?
The basic question that the vision statement answer is what do we want to become.
A vision statement is an inspiring declaration of the aspirational, sentimental future of an organisation. Aspiration is the underlying human emotion that a founder hopes all those who engage with their organisation will feel. It offers a succinct summary of an organization's ultimate objectives. It expresses the company's objectives for altering the world and is typically lofty. Consider it a guide for making choices that are in line with the fundamentals and goals of your business. A vision statement is intended to set business apart from competition and direct your efforts to meeting your objectives.
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you wish to retire in 20 years, at which time you want to have accumulated enough money to receive an annual annuity of $30,000 for 25 years after retirement. during the period before retirement you can earn 11 percent annually, while after retirement you can earn 13 percent on your money. what annual contributions to the retirement fund will allow you to receive the $30,000 annuity? (do not round intermediate calculations. round your final answer to 2 decimal places.
The amount of annual contributions to the retirement fund that is needed to receive $30,000 annually is $3,425.08.
Two distinct computations are used to arrive at this result.
We must first determine how much money is required for a $30,000 yearly annuity. To calculate this sum, we may utilise the Present Value of an Annuity calculation.
P \s[ \s1 \s− \s( \s1 \s+ \sr \s) \s− \sn \s/ \sr \s]
Where n is the number of periods, r is the rate per period, and P is the periodic payment. We require a recurring payment of $30,000 for a term of 25 years at a rate of 13%. Using our calculation and these numbers, the result is $219,899.55. According to this response, we have 20 years to save $219,899.55 until we can retire. Therefore, in order to determine how much money we need to save in the 20.
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which of the following prices would result in a mutually advantageous trade for alice and betty? group of answer choices 100 pizzas for 180 pitchers of lemonade 100 pizzas for 220 pitchers of lemonade 100 pizzas for 125 pitchers of lemonade 100 pizzas for 100 pitchers of lemonade
100 pizzas for 180 pitchers of lemonade would result in a mutually advantageous trade for Alice and betty.
As long as the terms of trade are favourable to both nations' opportunity costs, they are advantageous to both parties. For instance, terms of trade that are advantageous to both parties would be any quantity of medicine more than 1/3 and lower than 1 traded for 1 cotton shirt. Both countries can gain from increasing output in their respective areas of comparative advantage and trade. To again illustrate this benefit, the manufacturing possibility frontier is a helpful tool. Even when one country has a clear edge in all areas of trade while another has a clear disadvantage, both countries can still gain from trade. Even if the US produces both shoes and refrigerators with an unquestionable advantage, it still makes economic sense.
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tam company is negotiating for the purchase of equipment that would cost $100,000, with the expectation that $20,000 per year could be saved in after-tax cash costs if the equipment were acquired. the equipment's estimated useful life is 10 years, with no residual value, and would be depreciated by the straight-line method. tam's predetermined minimum desired rate of return is 12%. present value of an annuity of 1 at 12% for 10 periods is 5.65. present value of 1 due in 10 periods at 12% is 0.322. what is the accrual accounting rate of return based on initial investment?
The correct option is (d) 10%. The accounting rate of return (ARR) calculates a rough rate of return without taking time value of money into account.
Annual savings in after-tax cash costs
It is calculated as Initial (or Average) Investment Expected Increase divided by Annual Net Income for a Project.
The rise in Tam's yearly income that is anticipated is as follows:
Annual reduction in after-tax cash expenses.
$20,000 Annual depreciation on equipment
($100,000 ÷ 10 years) = (10,000)
Increase in annual net income $10,000
Purchase requires an initial investment of $100,000.
the apparatus. Consequently, the equipment's ARR is below. Tam is taking everything into account as:
$10,000 ÷ $100,000 = 10%
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Note that the full question is:
39. Tam Co. is negotiating for the purchase of equipment that would cost $100,000, with the expectation that $20,000 per year could be saved in after-tax cash costs if the equipment were acquired. The equipment's estimated useful life is ten years, with no residual value, and it would be depreciated by the straight-line method. Tam's predetermined minimum desired rate of return is 12%.
The present value of an annuity of 1 at 12% for ten periods is 5.65. The present value of 1 due in ten periods at 12% is .322. Accrual accounting rate of return based on the initial investment is
a. 30%
b. 20%
c. 12%
d. 10%
according to theory, an organization's design should permit each function to develop a structure that suits its human and technical resources. group of answer choices strategic choice transaction cost resource dependence contingency
The theory that even an organization's contingency theory should permit to grow an architecture that suits the latter's human and technical finances is related to the situational theory of organisational design.
What does contingency theory mean?According to contingency theory, a leader's effectiveness "depends on how effectively the leader's style fits a particular setting or situation" (Wolinksi, 2010). It was regarded as a perfect match if leaders were effective in their roles.
What are the Contingency Approach's main characteristics?The following are some of the main features of contingency theory: Management theory is not universal; there is no one right way to handle every situation. Decisions made by management are subject to change depending on the environment.
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the congressional budget office (cbo) has estimated the following responses over a 10-year period to a 10 percent rise in cigarette prices. long-run price elasticities for cigarettes age group percent decline in smoking 12-17 years 5% 18 years 4.5% 19-39 years 4% 40 years and older 1.5% what is the long-run price elasticity of demand for cigarettes among 18-year olds?
According to estimates, the demand for cigarettes among 18-year-olds has a 4.5% long-term price elasticity. The following replies have been calculated by the congressional budget office (cbo). long-run
In contrast to the short-run, where at least one input is fixed, the long-run in economics refers to a period of time during which all inputs can be adjusted. Long-term adjustments to market conditions, such as shifts in prices or technological advancements, can be made by both consumers and businesses in terms of production scale and procedures. The long-run idea is significant because it emphasises the significance of taking into account the dynamic character of economic systems and enables a more realistic understanding of how markets and the economy function over time. In economic modelling, forecasting, policy analysis, and decision-making, long-run analysis is frequently utilised.
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the goal and plan selection step of the formal planning process comes after which action?
Answer:
goal and plan evaluation
Explanation:
he best measure of long-run economic growth adjusts nominal GDP for inflation and population. nominal GDP for inflation. nominal GDP for population. real GDP for the base year.
Real gross domestic product( GDP), as opposed to nominal GDP, is a better index of an frugality's affair. Real GDP provides economists with a clearer picture of how the entire public affair of a country is changing from time to time by removing the deformation brought on by affectation, deflation, or changes in currency rates.
A country's GDP is calculated as the sum of all of its investments, exports, consumer and government spending, minus the value of its significances. Nominal GDP represents the raw data in current bones without taking affectation into account. Real GDP eliminates any deformation brought on by affectation or deflation by conforming the figures by fixing the value of the currency. The GDP of a nation changes at a certain rate, generally from one time to the coming, and is represented as a chance. The gross public product( GNP), another index of profitable growth, is sometimes preferred when a country's frugality is heavily dependent on foreign earnings.
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which parts of a company ecosystem rely on continuous improvement to have collective and separate successes? select all that apply.
Before performing a process improvement experiment, a project manager must choose which processes to change and which to leave alone.
What is a good example of process improvement in project management?
A few instances of process improvement include streamlining software systems, developing new best-practice guidelines, or managing demand to boost customer satisfaction. Programs for process improvement frequently focus on one or more of the following: Efficiency. Quality.
What looks like a plan for ongoing improvement?
Employee training, skill development, cross-training efforts, educational benefits, and courses can serve as examples of continuous improvement. When most people begin a profession, they will already have a certain set of skills and competencies, and they will develop more in those areas over time.
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brock exchanges a property with an adjusted basis of $40,000 subject to a mortgage of $20,000 for a property owned by reese with a fair market value of $80,000. reese assumes the mortgage. no cash or other assets were part of the trade. brock's amount realized is:
Both the transferred and the received property must be put to use in a trade or business or kept as an investment.
What is the main tax advantage of owning a home or other type of income property?The main tax advantages of owning rental property include the ability to write off owner and operating expenses, delay capital gains taxes, and take advantage of depreciation. The majority of the time, an investor's rental property income is taxed according to their federal income tax bracket as ordinary income.
What goal does an assessment equalization factor serve?Equalization Factor or Multiplier: The equalization factor, also referred to as a multiplier, is a method used to uniformly appraise all real estate.
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