the amount of coverage on a group credit life policy is limited to

Answers

Answer 1

The coverage amount on a group credit life policy is subject to limitations.

Group credit life insurance policies provide coverage for a group of individuals, typically associated with a common organization or affiliation, such as employees of a company or members of an association. These policies are designed to cover outstanding debts or loans in the event of the insured individuals' death. However, the coverage amount on a group credit life policy is typically limited.

The limitation on coverage amount is determined by several factors, including the policy terms and conditions, the maximum insurable amount specified by the insurance provider, and the total outstanding debt or loan amount of the insured individuals.

The purpose of the limitation is to ensure that the coverage remains within reasonable and sustainable limits for the insurer, while still providing adequate protection to the insured group.

It is important for individuals considering group credit life insurance to carefully review the policy terms and understand the coverage limitations. This will help them assess whether the provided coverage amount aligns with their needs and financial obligations.

Additionally, individuals should consider any additional coverage they may require beyond the limitations of the group credit life policy, such as individual life insurance policies, to ensure comprehensive financial protection.

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Answer 2
Final answer:

The amount of coverage on a group credit life policy is limited to certain factors including claims, costs of running the company and leaving room for profits.

Explanation:

The amount of coverage on a group credit life policy is limited to the average person's claims, the costs of running the company and leaving room for the firm's profits. Actuarially fair insurance premiums accurately reflect the risk group of individuals, so certain people may end up paying considerable amounts based on their expected costs.

For example, insurance companies may generally charge higher premiums for individuals with chronic diseases, elderly individuals, or young male drivers who have higher risks. Thus, Individuals pay actuarially fair insurance rates depending on their risk category, with some paying more due to their higher risks.

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Related Questions

Read the entire section Inside Business 3-1 from your managerial economics textbook and then answer the following questions. Unexplained answers will not be graded.
b1. If the product were free of charge, how many units of the product would be demanded by consumers?
b2. If the price charged per unit of the product were $10, how many units of the product would be demanded by consumers?
b3. Calculate the own-price elasticity of demand of the product when it goes from being free of charge to being charged $10 per unit, using the formula from a question
a. b4. From your reading of the Inside Business 3-1, give an interpretation of the value of the own-price elasticity calculated in question
b3. c. Using the demand equation Q=250-5P, calculate the own-price elasticity when the price is P=$20. Is demand elastic, unit-elastic, or inelastic at price P=$20? Will you raise or lower the price to increase revenue?
d. Using the demand equation Q=250-5P, determine the consumer surplus (CS) when price is P=$20.

Answers

a1. The given demand equation is Q= 250- 5P. If the product were free of charge, then the price charged (P) would be zero. Thus, Q=250-5(0)=250. Therefore, 250 units of the product would be demanded by consumers if it were free of charge.a2. If the price charged per unit of the product were $10, then P=$10.

The demand equation is Q= 250- 5P. Thus, Q= 250-5(10)=200. Hence, 200 units of the product would be demanded by consumers if the price charged per unit of the product was $10.a3. The own-price elasticity of demand of the product is:Own-Price Elasticity of Demand = % Change in Quantity Demanded / % Change in PriceUsing the given demand equation Q= 250- 5P, the derivative of Q with respect to P is -5.Using the formula, % Change in Quantity Demanded = (-5) (10/200) x 100% = -25%The % change in price is 100% as the product is free of charge. Hence,% Change in Price = 100 / 0 = Undefined. Therefore, the own-price elasticity of demand = -25 / undefined = undefined.b4. From reading the Inside Business, if the own-price elasticity is less than one, then the demand for the product is inelastic. If the own-price elasticity is greater than one, then the demand for the product is elastic. If the own-price elasticity is equal to one, then the demand for the product is unit-elastic. In this case, since the calculated own-price elasticity of demand is undefined, it is impossible to conclude whether the demand for the product is elastic, inelastic or unit-elastic.c. Given, the demand equation Q= 250- 5P, and P= $20, then, Q = 250-5(20)= 150. Therefore, the quantity demanded when the price is $20 is 150 units of the product.The formula for own-price elasticity of demand is:Own-Price Elasticity of Demand = % Change in Quantity Demanded / % Change in Price% Change in Quantity Demanded = -5 x (20-10)/((250-5(10))) = -50/200 = -0.25% Change in Price = (20-10)/((20+10)/2) = 0.33Using the formula, we get:Own-Price Elasticity of Demand = (-0.25) / (0.33) = -0.76The demand is inelastic at a price of $20. Revenue would increase if the price is increased. d. Using the demand equation Q= 250- 5P, when the price is P=$20, then the quantity demanded is Q= 250-5(20)=150 units.Consumer Surplus (CS) can be calculated as:CS = (1/2) Q (P1 - P2)CS = (1/2) (150) (20-0) = $1,500Therefore, the consumer surplus when the price is $20 is $1,500.

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a. If the product were free of charge, then the quantity demanded of the product will be 250 units as per the demand equation Q=250-5P. Here, the price of the product will be zero.

So, when the price of the product is zero, the quantity demanded will be equal to the constant term of the demand equation, which is 250.

b2. If the price charged per unit of the product were $10, then the quantity demanded of the product will be 200 units as per the demand equation Q=250-5P. Here, the price of the product will be $10. So, when the price of the product is $10, the quantity demanded will be 200 units.

b3. The own-price elasticity of demand can be calculated using the following formula: Own-price elasticity of demand = (Percentage change in quantity demanded) / (Percentage change in price).

Percentage change in quantity demanded = ((New quantity demanded - Old quantity demanded) / Old quantity demanded) × 100%Here, the old quantity demanded is 250 units, and the new quantity demanded is 200 units.

Percentage change in quantity demanded = ((200 - 250) / 250) × 100% = -20%.

Percentage change in price = ((New price - Old price) / Old price) × 100%Here, the old price is zero, and the new price is $10.

Percentage change in price = ((10 - 0) / 0) × 100% = undefined. So, the own-price elasticity of demand when the price increases from zero to $10 is: Own-price elasticity of demand = (-20%) / (undefined) = undefined.

b4. As the value of own-price elasticity of demand is undefined, it cannot be categorized into any of the elasticity types. However, when the price changes from zero to $10, it is expected that the demand will decrease by 20%.

c. The own-price elasticity of demand can be calculated as follows: Q = 250 - 5PP = $20Substitute the values in the demand equation, we get: Q = 250 - 5(20) = 150 units.

The percentage change in quantity demanded can be calculated as follows: Percentage change in quantity demanded = ((New quantity demanded - Old quantity demanded) / Old quantity demanded) × 100%. Here, the old quantity demanded is 150 units, and the new quantity demanded is 200 units.

Percentage change in quantity demanded = ((200 - 150) / 150) × 100% = 33.33%. The percentage change in price can be calculated as follows:

Percentage change in price = ((New price - Old price) / Old price) × 100%. Here, the old price is $20, and the new price is $21.Percentage change in price = ((21 - 20) / 20) × 100% = 5%.

So, the own-price elasticity of demand when the price increases from $20 to $21 is: Own-price elasticity of demand = (33.33%) / (5%) = 6.67.

Demand is elastic at price P=$20. To increase revenue, the price should be lowered.

d. The consumer surplus can be calculated as follows: Q = 250 - 5PP = $20Substitute the values in the demand equation, we get: Q = 250 - 5(20) = 150 units. Consumer surplus can be calculated using the following formula: Consumer surplus = (1/2) × (Price difference) × (Quantity demanded) Price difference = $20 - 0 = $20.

Consumer surplus = (1/2) × ($20) × (150) = $1,500.

Therefore, the consumer surplus when the price is P=$20 is $1,500.

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In the latest BLS unemployment report, the data shows that unemployment rate has been steadily
falling this year. However, overall real earnings are down. Knowing what you do about
employment, wages, and current economic climate, discuss why you think this is.
Using your discussion from the above, comment on why you think companies are currently
having trouble getting workers.

Answers

The unemployment rate and real earnings are two economic indicators that help us understand the state of the economy. It is often believed that as unemployment rates fall, wages increase. However, in the latest BLS unemployment report, it is evident that this is not the case.

In fact, while the unemployment rate has been steadily falling, the overall real earnings of workers have been decreasing. This is because the labor market is currently facing a shortage of skilled workers. As more and more jobs require specific skills, such as coding, data analysis, or specialized technical skills, there is a mismatch between the available workforce and the jobs available. This has led to an increase in the demand for skilled workers, but the supply of skilled workers has not kept up with this demand.

Therefore, the real earnings of workers who possess these skills have increased. However, for the majority of workers, wages have stagnated or decreased due to the oversupply of low-skilled workers and the undersupply of skilled workers. Additionally, the current economic climate, which is marked by slow economic growth and low productivity, has contributed to the decrease in real earnings. Companies are currently having trouble getting workers because of several reasons.

Firstly, the labor market is facing a shortage of skilled workers, which has increased the competition among companies for these workers.

Secondly, as the economy becomes more globalized, companies are increasingly outsourcing jobs to other countries where labor is cheaper.

Finally, the current economic climate, which is marked by slow economic growth and low productivity, has made it difficult for companies to expand and create new jobs, thus limiting the number of available jobs for workers.

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what is the role of a Travel Professional in the planning of events related food and beverage?

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A Travel Professional plays a crucial role in the planning of events related to food and beverage.

They are responsible for coordinating and arranging all aspects of the travel experience, including accommodation, transportation, and activities. When it comes to events involving food and beverage, the Travel Professional's role extends to ensuring a seamless and enjoyable dining experience for their clients.

Firstly, the Travel Professional works closely with the client to understand their preferences, dietary restrictions, and budgetary constraints. They then collaborate with event planners and catering services to curate a menu that meets these requirements and creates a memorable culinary experience. They may also assist in selecting appropriate venues for the events, considering factors such as capacity, ambiance, and suitability for food service.

Additionally, the Travel Professional coordinates logistics such as arranging reservations, coordinating meal timings, and ensuring smooth delivery of food and beverages during the events. They also stay updated on the latest food and beverage trends, local specialties, and dining options in the destination, providing valuable recommendations and insights to enhance the overall event experience.

In summary, a Travel Professional is responsible for integrating food and beverage elements seamlessly into the event planning process, ensuring client satisfaction and a memorable dining experience for all participants.

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What is the difference between common stock and preferred stock? Describe the characteristics of each type of stock.

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Common Stock and Preferred Stock are the two types of stocks. These two types of stock are very different from each other in terms of characteristics.

The difference between Common Stock and Preferred Stock can be explained as follows:

1. Ownership: Owning a common stock provides the shareholder with partial ownership of the company, as well as the right to vote on company matters, such as the election of board members, stock splits, and other corporate decisions.

Preferred stocks, on the other hand, do not provide shareholders with voting rights, but they do have priority over common stockholders when it comes to dividend payments.

2. Dividends: A dividend is a payment that a corporation makes to its shareholders.

Companies are not obligated to pay dividends to their common stockholders; however, if they choose to do so, the dividends must be paid out to all common stockholders on a pro-rata basis.

Preferred stock dividends, on the other hand, are paid out to preferred stockholders before common stockholders receive their dividend payments.

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- Using the Internet, research acquisitions that are currently underway and choose one of these acquisitions to discuss. Based on the firms' characteristics and experiences and the reasons cited to support the acquisition, do you feel it will result in increased strategic competitiveness for the acquiring firm? Why or why not?
- Of the problems that affect the success of an acquisition, which one do you believe is the most critical in the global economy? Why? What should firms do to make certain that they do not experience such a problem when they use an acquisition strategy?

Answers

One of the critical problems that can impact the success of an acquisition in the global economy is the cultural integration and compatibility between the acquiring and target firms.

Cultural differences can create communication barriers, hinder collaboration, and lead to conflicts within the newly merged entity. Failure to address these cultural challenges can result in decreased employee morale, loss of key talent, and reduced productivity, ultimately undermining the strategic competitiveness of the acquiring firm.

To mitigate this problem, firms should invest in thorough due diligence to assess cultural compatibility before pursuing an acquisition strategy. They should analyze the cultural values, norms, and practices of both organizations, identify potential conflicts, and develop a comprehensive integration plan that addresses cultural differences. It is crucial to foster open communication, promote cultural awareness and sensitivity, and provide cross-cultural training and support to employees throughout the integration process.

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New Chapter Inc. does not expect to initiate dividends for 15 years. At the end of Year 15, the company will
start to pay dividends and expects its dividends to grow at 4.5% forever. The company has an 10.5% required
rate of return.
i. What is an estimate of the company’s stock price at the beginning of the 15th year (the end of 14th
year) if its dividend at the end of year 15 is $2.5? [Round your answer to two decimal places.]
ii. What is the company’s stock price in today's dollars if the desired rate of return is 10.5%? [Hint: use
14 years for the number of periods.]
iii. Identify two or more possible reasons that the company does not plan to initiate dividend in the
beginning years. Briefly explain. [Note: The discussion must be in your own words. Word limit: 60
words, excluding figures; answers beyond word limit will not be marked.]
b) Low Carbon Ltd has preferred stock with a par value of $50 and an annual $2.5 cumulative dividend. An
investor is willing to pay $15 for this preferred stock. What yield or rate of return is this investor seeking for
the investment? Show all work and formula(s) clearly.

Answers

i.The company’s stock price at the beginning of the 15th year is $41.67. ii. The company’s stock price in today's dollars is $11.27.

iii. New Chapter Inc. does not plan to initiate dividend.

i. The formula to calculate the stock price is as follows:  P = D / (R - G), where P is the stock price, D is the dividend paid, R is the required rate of return, and G is the growth rate of dividends.

Given, D = $2.5, G = 4.5%, and R = 10.5%.

We can use this to calculate the stock price at the beginning of the 15th year:  

P = $2.5 / (10.5% - 4.5%)

= $41.67.  


ii. To calculate the company’s stock price in today's dollars, we need to discount the future dividend payments.

We can use the present value of growing perpetuity formula to do this:  PV = D / (R - G), where PV is the present value, D is the dividend at the end of year 15, R is the required rate of return, and G is the growth rate of dividends.  

Given, D = $2.5, G = 4.5%, and R = 10.5%.

We can use this to calculate the present value of the dividend payments at the end of year 15:  

PV = $2.5 / (10.5% - 4.5%)

= $41.67.  

To get the stock price in today's dollars, we need to discount this amount back 14 years, which is the number of periods:   P0 = PV / (1 + R)ⁿ, where n is the number of periods.

Therefore, P0 = $41.67 / (1 + 10.5%)¹⁴

= $11.27.  

iii. By retaining earnings and reinvesting in the business, the company can fund new projects, develop new products, and expand into new markets.

This can lead to higher profits and higher stock prices in the future. Another possible reason is that the company is in a capital-intensive industry, which requires significant investments in fixed assets.

By retaining earnings, the company can fund these investments without having to raise additional capital through debt or equity issuances.

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Pete Promoter was the producer of music concerts that used fireworks as a means to create excitement among the crowd. His lawyer advised him to have everyone who attended his concerts sign a document containing an exculpatory clause releasing Pete and his company from any and all liability, whether resulting from an intentional, reckless or negligent act. On one tragic Saturday night, Pete decided to exceed the fire code's requirements with regard to his fireworks display by putting more explosives in the fireworks than allowed by the code knowing that this would cause a hazard. When the fireworks were set off, some of the drapery around the stage burst into flames and killed several of those attending the concert who were sitting close to the stage. The families of those killed brought suit against Pete and his company, but Pete moved to dismiss the suit because of the exculpatory clause in the document signed by those attending the concert. How should the court rule on Pete’s motion? Explain your answer.

Answers

The court should not accept Pete’s motion to dismiss the suit based on the exculpatory clause included in the document signed by those attending the concert.

This is because, in this case, Pete went beyond the acceptable standards and deliberately exceeded the fire code's requirements, which led to the death of several individuals who attended the concert.Exculpatory clauses are usually used to reduce the risk of being sued by people who attend an event, but in this case, it would not be upheld by the court. The clause is intended to relieve a person from the consequences of their own negligence and to shield them from being held accountable for it. However, in this case, Pete deliberately violated the fire code, putting the lives of those attending the concert at risk, and therefore the exculpatory clause cannot be enforced.This is also in line with the general principle of law, which is that public policy will not tolerate such a clause that would shield a person from liability in cases of gross negligence or willful harm to others. Since Pete knew that his actions could put the lives of others at risk and still went ahead with them, the court should rule that the exculpatory clause is not valid, and Pete and his company should be held liable for the death of those who attended the concert.

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Discuss the terms of the 1868 treaty with the Sioux tribes using specific examples from the online primary source document.

What was the purpose and significance of the Treaty and what impact did it have on the Sioux cultures? Be sure to cite specific examples from the treaty in your discussion.

How did the treaty of 1868 create a reservation? What was the purpose of the reservation system?

Answers

The Treaty of 1868, also known as the Fort Laramie Treaty, was a significant agreement between the United States government and the Sioux tribes. It aimed to establish peace and define the boundaries of the Great Sioux Reservation.

The purpose of the Treaty of 1868 was to establish a peaceful relationship between the U.S. government and the Sioux tribes, particularly the Lakota Sioux. It recognized the Black Hills region as sacred land for the Sioux and guaranteed their exclusive rights to it. However, following the discovery of gold in the Black Hills, the U.S. government violated the treaty by allowing non-Native settlers to enter the area, leading to conflicts and the eventual loss of the land.

The treaty's impact on Sioux cultures was significant. It marked a transition in their traditional way of life, as they were confined to the Great Sioux Reservation, which covered a vast territory in present-day South Dakota, Wyoming, and Nebraska. The reservation system imposed by the treaty restricted the Sioux's mobility, access to traditional hunting grounds, and independence.

In terms of the creation of reservations, the Treaty of 1868 allocated specific lands for the Sioux tribes. It established the boundaries of the Great Sioux Reservation, designating it as their permanent homeland. However, subsequent events, such as the violation of the treaty and the encroachment of non-Native settlers, led to the fragmentation and reduction of the reservation. The U.S. government eventually seized portions of the reservation, including the coveted Black Hills, which further undermined Sioux sovereignty and cultural preservation.

The purpose of the reservation system was twofold. First, it aimed to confine Native American tribes to designated lands, making way for non-Native settlers to expand westward. Secondly, it sought to assimilate Native Americans into Euro-American society by encouraging them to adopt an agricultural lifestyle and abandon their traditional cultural practices. The reservation system effectively disrupted the social and economic fabric of the Sioux tribes and resulted in the loss of their ancestral lands, leading to profound and lasting consequences for their cultures and ways of life.

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How much are you willing to pay for a bond with $1,000 face value and an 7% coupon rate with 2 years left to maturity? The current market interest rate on bonds with similar risk is 2%. The coupon payments are annual.

Give your answer with no $-sign. Use TWO decimals in your answer and no comma for values of 1,000 and over. I.e. $1,500.30 should be written as 1500.30.

Answers

To calculate the price of the bond, we need to discount the future cash flows (coupon payments and the face value) back to the present value using the market interest rate. In this case, the bond has a $1,000 face value, a 7% coupon rate, and 2 years left to maturity. The current market interest rate is 2%.

Step 1: Calculate the present value of the coupon payments:

PV(coupon) = (Coupon payment / (1 + Market interest rate))^1 + (Coupon payment / (1 + Market interest rate))^2

PV(coupon) = (70 / (1 + 0.02))^1 + (70 / (1 + 0.02))^2

PV(coupon) = 68.63 + 67.29

PV(coupon) = 135.92

Step 2: Calculate the present value of the face value:

PV(face value) = Face value / (1 + Market interest rate)^n

PV(face value) = 1000 / (1 + 0.02)^2

PV(face value) = 1000 / 1.0404

PV(face value) = 961.54

Step 3: Calculate the price of the bond:

Bond price = PV(coupon) + PV(face value)

Bond price = 135.92 + 961.54

Bond price = 1097.46

Therefore, the price you should be willing to pay for the bond is $1097.46.

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the first major component of the planning process in public relations is a

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The first major component of the planning process in public relations is setting objectives and goals.

Setting objectives and goals is a crucial step in the planning process of public relations. It involves clearly defining what the organization aims to achieve through its public relations efforts. Objectives and goals provide a clear direction and purpose for the PR campaign or program, guiding the activities and strategies that will be implemented. They help in measuring the success and effectiveness of the PR initiatives and serve as a benchmark for evaluating the outcomes.

Objectives can vary depending on the specific needs and circumstances of the organization, such as enhancing brand reputation, increasing public awareness, managing a crisis, or promoting a new product or service. By setting clear objectives and goals, PR professionals can align their efforts and resources towards achieving the desired outcomes and ensuring a focused and effective public relations campaign.

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Should insurance companies spread the risk amongst all of their policyholders as is often done in automobile insurance or is there a better way to deal with the matter of risk? Describe how this might be accomplished and argue why this is a good or bad practice.

Answers

Spreading the risk amongst policyholders through risk pooling is a common and effective practice in insurance. It enables the affordability and accessibility of insurance coverage while providing stability and protection for individuals. Considering the nature of the risks involved and the potential for more specialized or alternative risk management strategies.

By spreading the risk, insurance companies can ensure that the cost of claims is shared by a broader base, making insurance more affordable and accessible for everyone. This approach also provides a level of predictability and stability for policyholders, as they are protected from potentially catastrophic losses. However, it is worth noting that risk pooling may not be suitable for all types of insurance. In certain cases, specialized insurance products or alternative risk management strategies might be more appropriate. For example, in situations where specific risks can be accurately assessed and priced, customized policies or risk-sharing arrangements might offer more tailored coverage and cost efficiencies.

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Which of the following is NOT true of the Securities Act of 1933? Its aim is to deter fraud by regulating the way that securities are offered to the public. It was enacted after the 1929 stock market crash, when many people thought unregulated securities trading was the cause of the crisis. It requires issuers of securities who make offers to the public to register with the SEC. It requires registration from securities issued by federal, state, and local governments.

Which of the following is NOT true of the Securities Act of 1933?

Its aim is to deter fraud by regulating the way that securities are offered to the public.
It was enacted after the 1929 stock market crash, when many people thought unregulated securities trading was the cause of the crisis.
It requires issuers of securities who make offers to the public to register with the SEC.
It requires registration from securities issued by federal, state, and local governments.

Answers

The statement that is not true of the Securities Act of 1933 is "It requires registration from securities issued by federal, state, and local governments.

"What is the Securities Act of 1933?

The Securities Act of 1933 is a federal law that aims to deter securities fraud by regulating the way securities are offered to the public. This act was enacted in response to the 1929 stock market crash, which many people believed was caused by unregulated securities trading.

The Securities Act of 1933 requires issuers of securities that offer securities to the public to register with the SEC. The registration process necessitates that issuers provide financial data and other information about their business to the SEC for public viewing.

This helps to prevent fraud and allows investors to make more informed decisions when investing in securities. While the Securities Act of 1933 does not require registration of securities issued by federal, state, or local governments. Therefore, the statement "It requires registration from securities issued by federal, state, and local governments" is NOT true of the Securities Act of 1933

The Securities Exchange Act of 1934, which was also enacted to regulate securities trading, requires federal securities regulation of government securities. However, the Securities Act of 1933 does not require the registration of government securities. 

Hence, the answer is option D: It requires registration from securities issued by federal, state, and local governments.

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Question 24 In the definition of marginal propensity to consume, marginal refers to O the total income someone receives as a result of government purchases O the amount of extra taxes someone pays as a result of government purchases O the amount of additional tax revenue that the government receives with new taxes O the additional amount of disposable income someone receives Question 25 What is the best definition of legal tender? O a medium of exchange that the government has officially declared to be money O a medium of exchange that has been established through custom or tradition O money that is backed by the gold standard O money that is in the form of metallic coins and printed paper Question 26 Until 1933, the U.S. dollar was backed by the O gold standard O word of the government O standard of living O silver standard

Answers

24. The marginal propensity to consume refers to the additional amount of disposable income someone receives.

The marginal propensity to consume (MPC) represents the additional amount of disposable income that individuals or households spend on consumption. It measures the change in consumption resulting from a change in income. It does not refer to government purchases or taxes, but rather the individual's response to changes in income.

For example, if an individual receives an extra $100 in income and decides to spend $80 of it, the marginal propensity to consume would be 0.8. It reflects the propensity or inclination of individuals to spend rather than save.

25. Legal tender is a medium of exchange that the government has officially declared to be money.

Legal tender refers to a medium of exchange that the government has officially declared to be acceptable as payment for goods and services within a specific country. It is the recognized form of currency that can be legally used for transactions. This definition emphasizes the government's authority in designating a particular currency as the official means of payment.

It is the currency that is considered valid and legally enforceable for settling debts and conducting transactions within a specific country. Legal tender can take various forms, including coins, banknotes, and electronic payment systems, depending on the country's legal framework.

26. Until 1933, the U.S. dollar was backed by the gold standard. The gold standard was a monetary system in which the value of a country's currency was directly linked to a fixed amount of gold.

Under this system, individuals could exchange their paper currency for a specified amount of gold. The gold standard provided stability and a tangible backing to the currency, as the value of the currency was tied to a valuable commodity.

However, the U.S. moved away from the gold standard in 1933 and adopted a different monetary system that allowed for more flexibility in monetary policy. This shift allowed the government greater control over the money supply and the ability to adjust interest rates to manage economic conditions.

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What programs could an organization offer to encourage healthier lifestyles among its employees?

a.
WHMIS training

b.
wellness programs that encourage health through elements such as exercise and nutrition

c.
none – good heath is the employee’s responsibility, not the employer

d.
programs beyond the legally required health and safety programs

Answers

An organization can offer wellness programs that encourage healthier lifestyles among its employees, which may include elements such as exercise and nutrition.

To promote healthier lifestyles among employees, organizations can implement wellness programs that go beyond the legally required health and safety programs. These programs are designed to support and encourage employees to make positive lifestyle choices related to their health. Such programs often focus on various aspects of well-being, including physical fitness, nutrition, stress management, and mental health.

By offering wellness programs, employers demonstrate their commitment to the overall well-being of their employees. These programs can include initiatives like fitness challenges, gym memberships or discounts, health screenings, healthy food options, workshops on stress reduction or mindfulness, and employee assistance programs.

Providing these programs can have several benefits, including increased employee engagement, improved morale, reduced absenteeism, and enhanced productivity. By prioritizing employee health and wellness, organizations can create a positive work environment and contribute to the long-term success and satisfaction of their employees.

In conclusion, offering wellness programs that encourage healthier lifestyles is an effective way for organizations to support their employees' well-being and promote a positive work culture.

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Suppose an industry with four firms 1) having the same constant marginal cost c₁ = C₂ = C3=C₁ = 4; 2) incurring no fixed cost of production; 3) producing a homogeneous good and choosing output simultaneously (i.e., being Cournot competitors); and 4) facing the linear inverse demand P = 10-Q with Q = Q1 +Q2 +Q3 +Q4

Answers

In a Cournot competition, each firm determines its quantity of output taking into account the expected reactions of other firms. In this scenario, there are four firms with the same constant marginal cost of production (c₁ = c₂ = c₃ = c₄ = 4). The inverse demand function for the industry is given by P = 10 - Q, where Q is the total quantity produced by all four firms.

To find the equilibrium quantity produced by each firm, we can solve for the reaction functions. The reaction function for each firm represents the optimal quantity produced by that firm given the quantities produced by other firms. The reaction function can be derived by maximizing the profit function of each firm, which is equal to the difference between total revenue and total cost.

Let's calculate the reaction function for Firm 1 as an example. The total revenue for Firm 1 is equal to the price (P) multiplied by the quantity produced by Firm 1 (Q₁):

TR₁ = P * Q₁

The total cost for Firm 1 is equal to the marginal cost (c₁) multiplied by the quantity produced by Firm 1 (Q₁):

TC₁ = c₁ * Q₁

The profit for Firm 1 is given by:

Π₁ = TR₁ - TC₁ = P * Q₁ - c₁ * Q₁ = (10 - Q) * Q₁ - 4 * Q₁

To find the optimal quantity produced by Firm 1, we take the derivative of the profit function with respect to Q₁ and set it equal to zero:

dΠ₁/dQ₁ = 10 - 2Q₁ - 4 = 0

Solving for Q₁, we get:

2Q₁ = 6

Q₁ = 3

Using the same approach, we can find the equilibrium quantities produced by Firms 2, 3, and 4. Since all firms have the same cost structure, they will have the same reaction function and will produce the same quantity.

Q₁ = Q₂ = Q₃ = Q₄ = 3

To find the market equilibrium quantity (Q), we sum up the quantities produced by all four firms:

Q = Q₁ + Q₂ + Q₃ + Q₄ = 3 + 3 + 3 + 3 = 12

Finally, we can calculate the equilibrium price (P) by substituting the market equilibrium quantity (Q) into the inverse demand function:

P = 10 - Q = 10 - 12 = -2 (Note: The negative price indicates a zero price, which means the equilibrium price is zero in this case.)

In this Cournot competition scenario, with four firms having the same constant marginal cost of production, the equilibrium quantity produced by each firm is 3 units, and the total market equilibrium quantity is 12 units. The equilibrium price is zero due to the linear inverse demand function.

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Colgate-Palmolive Company has just paid an annual dividend of $1.34. Analysts are predicting dividends to grow by $0.16 per year over the next five years. After then, Colgate's earnings are expected to grow 6.7% per year, and its dividend payout rate will remain constant. If Colgate's equity cost of capital is 7.3% per year, what price does the dividend-discount model predict Colgate stock should sell for today? The price per share is $ (Round to two decimal places.)

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Dividend Discount Model (DDM)The Dividend Discount Model (DDM) is a financial model that uses the estimated dividends to be paid by a company in the future to estimate the value of its stock or equity.

In order to predict the stock price of Colgate-Palmolive Company using the dividend discount model, the following information is given:

Initial annual dividend (Do) = $1.34

Growth rate (g) = $0.16

Number of years (n) = 5

Cost of Equity (r) = 7.3%

Next five years (Years 1 to 5) Dividends = $1.34 × (1 + $0.16) × 1

= $1.54

Dividend growth rate (g) = $0.16 After five years (Year 6 and beyond)

Dividend = $1.54 × (1 + 6.7%)

= $1.64

Growth rate (g) = 6.7% The dividend payout ratio is constant at 100% because it is mentioned that the dividend payout ratio is constant. Required: The price per share of Colgate-Palmolive Company stock today is $ 78.22

Current price per share of Colgate-Palmolive Company stock = Estimated price / Number of shares outstanding

Current price per share = $10.89 / 1

= $10.89

≈ $ 10.90

Therefore, the price per share of Colgate-Palmolive Company stock today is $78.22.

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What is an internal force that can stimulate the need for change? A) competitors' pricing decisions B) labour market C) changes in employees' expectations D effective date of new federal employment law

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(C) Changes in employees' expectations act as a catalyst for organizational change, prompting the need to adapt and align practices to maintain employee satisfaction and engagement.

Changes in employees' expectations can serve as a strong internal force that stimulates the need for change within an organization. When employees' expectations evolve, it can lead to a misalignment between their desires and the current organizational practices, policies, or culture. This misalignment can create dissatisfaction and a sense of disconnect among employees, prompting the need for change.

Employees' expectations can change due to various factors such as evolving societal norms, advancements in technology, shifts in work-life balance preferences, or changing demographics in the workforce. For example, employees may increasingly value flexible work arrangements, opportunities for professional growth and development, work-life balance, or a positive organizational culture.

As employees' expectations change, organizations must adapt and respond to meet these evolving needs in order to attract and retain top talent, maintain employee engagement and satisfaction, and foster a positive work environment. This may involve implementing new policies, introducing innovative practices, providing additional training and development opportunities, or improving work-life balance initiatives.

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What types of training can be used to promote respect for
difference in personal interactions?
Explain any five (5)

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Promoting respect for differences in personal interactions is crucial for fostering a diverse and inclusive workplace. Various types of training can help employees develop the necessary knowledge.

Here are five types of training that can be used: Diversity Awareness Training: This training focuses on increasing awareness and understanding of different cultures, backgrounds, and perspectives. It helps employees recognize and challenge their own biases and stereotypes. Cultural Competence Training: This training aims to develop employees' cultural competence by providing them with knowledge and skills to effectively interact with individuals from different cultures. It covers topics such as cultural norms, communication styles, and customs.

Unconscious Bias Training: This training addresses unconscious biases that can influence our judgments and decisions. It helps employees identify and mitigate biases that may hinder respectful interactions. Inclusive Communication Training: This training focuses on effective communication strategies that promote inclusivity. It covers active listening, empathy, and respectful language use to ensure that all voices are heard and respected.

Conflict Resolution Training: This training equips employees with skills to manage and resolve conflicts that may arise due to differences. It emphasizes respectful dialogue, problem-solving, and negotiation techniques to foster understanding and collaboration. These training programs work together to create a culture of respect, understanding, and appreciation for differences, leading to more inclusive and harmonious personal interactions.

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Operating on a global scale is one goal of collaborative commerce.
true/false

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The given statement "Operating on a global scale is one goal of collaborative commerce" is true because Collaborative commerce (c-commerce) is an electronic trade initiative.

It links companies together so that they can share expertise, provide quick time-to-market solutions, and reduce costs while still increasing their product and service offerings on a global scale. This goal can be achieved by reducing the risk and increasing the reward for firms involved in an international trading venture by reducing the barriers to trade. It promotes and encourages collaboration and cooperation among trading partners. Hence, it can be concluded that the statement "Operating on a global scale is one goal of collaborative commerce" is true.

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Your Friends' Questions Company Overview 1. Big Rock is a publicly-traded corporation. If I want to become a shareholder in Big Rock, what advantages does this legal form offer to me? 2. Who are the other main users of the financial statements? (Hint: Consider how the total assets of Big Rock have been "financed" other than through shareholder investment.) 3. Is Big Rock a Merchandiser, Manufacturer, or a Service-Based Company? What indicators exist on the Statement of Financial Position to support your answer? 4. What types of long-term assets has Big Rock invested in to operate its business? 5. What "risks" or competitive pressures would impact Big Rock's operations? Think of industry trends, substitute products, seasonality, and other market forces. The Consolidated Statement of Comprehensive Income 6. What is Big Rock's revenue recognition policy? 7. Is Big Rock profitable? What is "quality of earnings"? Does Big Rock have quality earnings? 8. I've noticed that net sales revenue has increased in total dollars, but I'm wondering what Big Rock's profitability looks like when factoring out "size" due to growth. I've heard profitability ratios can allow for this. Could you calculate & explain the following ratios to me? a. Gross Margin Ratio b. Profit Margin Ratio c. Return on Equity d. Return on Assets Are the trends favorable or unfavorable? Why? What reasons could have accounted for these changes? 9. Earnings Per Share (EPS) is disclosed at the bottom of the Statement of Comprehensive Income. What does this mean? Why was the EPS for 2017 negative? The Cash Flow Statement 10. What information does the cash flow statement provide that is different from the Consolidated Statement of Comprehensive Income? And how does this relate to analyzing the quality of earnings of Big Rock? 11. What type of cash flow pattern does Big Rock have in the current and the prior year? Are there any items of concern that I should be aware of? Or is management doing a good job in handling the cash of the business? The Consolidated Statement of Financial Position 12. What is meant by the term "capital structure"? 13. Calculate and explain the following ratios for the current & the prior year: a. Debt Ratio b. Equity Ratio c. Interest Coverage Ratio Is the change in each ratio favorable or unfavorable? How does this relate to overall risk with respect to investing in the shares of Big Rock? (Hint: Consider the pro's & cons of debt versus equity financing in your discussion.) 14. In the Equity section of the Statement of Financial Position, I see negative numbers for 2018 and 2017 called Accumulated Deficit? What does this mean? 15. What is liquidity and how is Big Rock doing with its liquidity position this year? Is it better or worse than last year? Calculate and explain the following ratios: a. Current Ratio b. Quick Ratio 16. Cash flows from regular operations are dependent on the ability to sell inventory and collect cash on credit sales. How many days on average would it take for Big Rock to sell finished goods inventory and collect cash from credit customers? Calculate and explain the following ratios: a. Days to Sell Inventory b. Average Collection Period Note to Students: Use ending balances for receivables and inventory balances instead of average balances. Also, for 13(0), do not include inventory related to raw materials, containers, or brews in progress as only completed brews would be sold to customers. 17. Note 11 to the financial statements shows an A/R Aging. What is this? Are there any items of concern when you examine the A/R Aging in 2018 relative to the prior year? Overall Conclusion 18. Overall, based on your analysis, should I purchase Big Rock shares? Or is this investment too risky? Explain your reasoning.

Answers

10. The cash flow statement is an essential part of a company's financial statement. It provides information about the company's cash inflows and outflows from operations, investing, and financing activities.

Unlike the Consolidated Statement of Comprehensive Income, the cash flow statement focuses on cash transactions rather than accounting transactions. It helps to understand the quality of earnings because it shows where the cash is coming from and how it is being used.

11. Big Rock has a positive cash flow pattern in both the current and prior years. It generated a net cash inflow of CAD 34,930 in 2018 and CAD 33,602 in 2017 from operating activities.

It invested CAD 1,314 in 2018 and CAD 2,548 in 2017 in property, plant, and equipment, which shows that management is doing a good job of investing in the growth of the business. It financed its activities primarily through cash inflows from operating activities rather than borrowing, which indicates that it has good cash flow management.

12. Capital structure refers to the mix of debt and equity financing used by a company to fund its operations.

14.  Accumulated deficits can also arise from other factors such as write-offs of intangible assets or changes in accounting policies. It is a concern for investors because it indicates that the company has not generated sufficient profits to sustain its operations and growth.

15. Big Rock has a good liquidity position this year, as shown by the following ratios: Current ratio = Current assets / Current liabilities. Quick ratio = (Cash + Marketable securities + Accounts receivable) / Current liabilitiesThe current ratio measures the company's ability to pay its short-term obligations using its current assets. The quick ratio is a more conservative measure of liquidity that excludes inventory from the calculation.

16. The following ratios can be calculated to determine how long it takes Big Rock to sell inventory and collect cash from credit customers: Days to sell inventory = (Inventory / Cost of goods sold) x 365 Average collection period = (Accounts receivable / Net credit sales) x 365Days to sell inventory measures the number of days it takes for the company to sell its inventory.

A low days-to-sell inventory ratio is favorable because it indicates that the company is selling its inventory quickly. The average collection period measures the number of days it takes for the company to collect cash from its credit customers.

A low average collection period is favorable because it indicates that the company is collecting its receivables quickly. The ending balances for receivables and inventory balances should be used instead of average balances. For the calculation of the average collection period, only accounts receivable related to net credit sales should be used.

17. A/R aging is a report that shows how long the company's accounts receivable have been outstanding and how much is owed by each customer.

It is used to determine how quickly the company is collecting its receivables and to identify any potential bad debts. There are no items of concern when examining the A/R aging in 2018 relative to the prior year.

The average collection period has improved slightly, which indicates that the company is collecting its receivables more quickly.

18. Based on the analysis, it is recommended to purchase Big Rock shares because the company has good profitability, liquidity, and solvency ratios. It has a positive cash flow pattern and is investing in long-term assets to grow the business.

The company has a good capital structure, with a reasonable mix of debt and equity financing. It has a good revenue recognition policy and has quality earnings. Although there are some risks and competitive pressures in the industry, the company has managed to maintain its position and profitability.

Overall, Big Rock is a good investment opportunity for investors who are looking for growth and income.

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Sam likes both apples and bananas. He consumes nothing else. The consumption bundle where Sam consumes xa bushels of apples per year and x bushels of bananas per year is written (x₂,Xb). Last year, Sam consumed 20 bushels of apples and 5 bushels of bananas. It happens that the set of consumption bundles (xa,Xb) such that Sam is indifferent between (x,x) and (20,5) is the set of all bundles such that x=100/xa. The set of consumption bundles (xa,Xb) such that Sam is indifferent between (xa,Xb) and (10,15) is the set of all bundles such that xb=150/xa. Use the whiteboard to plot several points that lie on the indifference curve that passes through the point (20,5), and sketch this curve using blue ink. Do the same, using red ink, for the indifference curve passing through the point (10,15). Use gray ink to shade in the set of commodity bundles that Sam weakly prefers to the bundle (10,15). Use blue ink to shade in the set of commodity bundles such that Sam weakly prefers (20,5) to these bundles.

Answers

For the indifference curve passing through the point (20,5): We know that the set of consumption bundles (xa, Xb) such that Sam is indifferent between (x, x) and (20,5) is given by x = 100/xa.

To plot points on this indifference curve, we can choose different values for xa and calculate the corresponding Xb using the equation Xb = 100/xa. For example, if we choose xa = 5, then Xb = 100/5 = 20. So one point on the indifference curve would be (5, 20). Similarly, we can choose other values of xa to obtain additional points on the curve.

To sketch the indifference curve passing through the point (20,5), connect the plotted points on the graph using blue ink, representing the relationship between different consumption bundles (xa, Xb) where Sam is indifferent between them.

For the indifference curve passing through the point (10,15):

We know that the set of consumption bundles (xa, Xb) such that Sam is indifferent between (xa, Xb) and (10,15) is given by Xb = 150/xa. Similarly, we can choose different values for xa and calculate the corresponding Xb using the equation Xb = 150/xa. Plot these points on the graph.

To shade in the set of commodity bundles that Sam weakly prefers to the bundle (10,15), use gray ink. This region will include all points on or above the indifference curve passing through the point (10,15).

To shade in the set of commodity bundles such that Sam weakly prefers (20,5) to these bundles, use blue ink. This region will include all points below the indifference curve passing through the point (20,5).

Remember to label the axes as xa and Xb to represent the quantities of apples and bananas, respectively.

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After completing its capital spending for the year, Carlson Manufacturing has $1,100 extra cash. Carlson's managers must choose between investing the cash in Treasury bonds that yield 2 percent or paying the cash out to investors who would invest in the bonds themselves. a. If the corporate tax rate is 21 percent, what personal tax rate would make the investors equally willing to receive the dividend or to let Carlson invest the money? (Do not round intermediate calculations and enter your answer as a percent rounded to the nearest whole number, e.g., 32.) Personal tax rate b. Is the answer to (a) reasonable? Yes No % c. Suppose the only investment choice is a preferred stock that yields 5.7 percent. The corporate dividend exclusion of 50 percent applies. What personal tax rate will make the stockholders indifferent to the outcome of Carlson's dividend decision? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) Personal tax rate d. Is this a compelling argument for a low dividend-payout ratio? O Yes O No

Answers

The personal tax rate would be 40%.Explanation:Given,Extra cash available with the company= $1,100Corporate tax rate= 21%The yield on Treasury bonds= 2%Let the personal tax rate be 'x'.So, investors receive a dividend of (1- x) and they can also get the yield from investing in Treasury bonds.

The yield on investment in Treasury bonds= 2%Corporate tax rate= 21%After-tax yield on Treasury bonds= 2% (1- 21%)= 1.58%For investors, yield after paying personal taxes = 2% (1- x)To be indifferent, both the yields must be equal. Hence, we can write:2% (1- x)= 1.58%Solving for 'x', we get:x= 40%

The personal tax rate would be 40%.b. The answer to (a) is reasonable. Yes.Explanation:The answer to part (a) is reasonable because the personal tax rate is greater than the corporate tax rate. Therefore, the dividend received by the investors would be taxed more than the amount of tax paid by the company if it invests in Treasury bonds.

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For all of the following questions, consider a situation with two states of the world in which state 1 has probability π = 1/3 and state 2 therefore has probability 1 − π = 2/3. An individual is endowed with wealth of W = $40,000 in state 2, but faces a possible loss of L = $30,000 in state 1, bringing wealth down to $10, 000. Insurance is available: it costs 50 cents up front for each $1 dollar of insurance paid out in state 1.

(a) Is the insurance actuarially fair or actuarially unfair?

(b) Give the formula for consumption in each state if insurance paying

out $Y in state 1 is purchased.

Answers

(a) The insurance in this scenario is actuarially fair. Actuarial fairness refers to a situation where the premium paid for insurance is equal to the expected value of the insurance payout. In this case, the insurance costs 50 cents for each $1 paid out in state 1. Since state 1 has a probability of 1/3, the expected value of the insurance payout is (1/3) * $30,000 = $10,000. The premium paid for this expected payout is (1/2) * $10,000 = $5,000. Therefore, the premium paid for insurance matches the expected payout, making it actuarially fair.

(b) If insurance paying out $Y in state 1 is purchased, the formula for consumption in each state can be derived as follows:

In state 1: The individual faces a possible loss of $30,000. If insurance paying out $Y is purchased, the individual's wealth in state 1 would be reduced to $10,000 - $Y. Therefore, the consumption in state 1 would be the individual's wealth in state 1 minus the insurance payout: $10,000 - $Y.

In state 2: The individual is endowed with wealth of $40,000 in state 2. Since there is no loss in this state, the consumption in state 2 would be the individual's wealth in state 2, which is $40,000.

In summary, the formula for consumption in each state if insurance paying out $Y in state 1 is purchased is as follows:

Consumption in state 1: $10,000 - $Y

Consumption in state 2: $40,000.

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Which four statements regarding Africa’s role in early international trade networks are accurate?

1 point

African societies primarily produced low value bulk goods such as maize and beef for the international market.

Sub-Saharan Africa was connected to the Mediterranean via the Trans-Sahara trade.

Chinese export goods such as porcelain has been discovered amongst Great Zimbabwe ruins.

African societies exported high value goods such as gold, gemstones, ivory, and ostrich feathers.

Africa’s only export good in the pre-colonial era was slaves.

African societies imported goods such as salt, iron tools and woven cloth.

Africa was an economically isolated region in the pre-industrial world.

Answers

The four accurate statements regarding Africa's role in early international trade networks are:

Sub-Saharan Africa was connected to the Mediterranean via the Trans-Sahara trade.

Chinese export goods such as porcelain have been discovered amongst Great Zimbabwe ruins.

African societies exported high value goods such as gold, gemstones, ivory, and ostrich feathers.

African societies imported goods such as salt, iron tools, and woven cloth.

It is important to note that Africa's role in international trade was not limited to these statements, and there were other goods and trade routes involved in Africa's trade networks. Additionally, the statement that Africa was an economically isolated region in the pre-industrial world is not accurate as Africa had extensive trade connections with other regions.

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PART B – PERSONAL REFLECTION (10%)
Write an 800-1000 word personal reflection post that addresses the following questions:
a) What is the most important principle you have learnt in UU200 and why have you selected this one?
b) Which theory do you identify with the most? How has an understanding of this theory changed your own views and behaviour?
c) Based on what you have learnt in the course, what ethical message would you like to share with the people of Fiji and the world as we continue to battle with this pandemic?

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a) The most important principle I have learned in UU200 is the principle of ethical responsibility. Because it emphasizes the importance of considering the ethical implications or consequences of our actions.

b) It has prompted me to consider the broader consequences of my actions and prioritize the well-being of others. This theory has influenced me to seek outcomes that benefit the greatest number of people and strive for fairness.

c) Ethical message: Prioritize collective well-being and compassion in our pandemic response.

An ethical message is a moral statement or guidance intended to promote ethical behavior or convey a particular ethical principle or value. It serves as a reminder or call to action to individuals or groups, encouraging them to act in accordance with ethical principles, make responsible choices, and consider the impact of their actions on others and the greater good.

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QUESTION 1 The original premise of the balanced Scorecard was that a total reliance on financial measures was leading organizations to make poor decisions. True O False I QUESTION 2 Because supply chains are evolving, it is beneficial to use operational measures over strategic measures. True False QUESTION 3 It is better for a measurement system to rely on quantitive data rather than on qualitative data, O True False Question Completion Status: QUESTION 4 From a human resource perspective, good measures not only link wanted behaviors to rewards but also ink unwanted behaviors to peraltes True False 1 QUESTIONS A serious problem in measurement is that managers commonly use the wrong data True False

Answers

QUESTION 1:  False

The original premise of the balanced scorecard was indeed that a total reliance on financial measures was insufficient for organizations to make well-informed decisions. It recognized the need for a broader set of measures that considered non-financial aspects such as customer satisfaction, internal processes, and learning and growth.

QUESTION 2: False

As supply chains evolve, it is crucial to use a combination of operational and strategic measures. Operational measures focus on the efficiency and effectiveness of day-to-day activities within the supply chain, such as inventory levels, order fulfillment, and cycle times. performance.

QUESTION 3: False

The choice between quantitative and qualitative data depends on the specific context and the type of information needed for decision-making. Both quantitative and qualitative data have their merits. Quantitative data provides numerical measurements and can offer precise and objective information, suitable for statistical analysis and comparisons. .

QUESTION 4: True

From a human resource perspective, good measures should indeed link desired behaviors to rewards and also link unwanted behaviors to penalties or consequences. By aligning performance measures with organizational goals and values, a measurement system can incentivize and reinforce positive behaviors while discouraging behaviors that are counterproductive or detrimental to the organization's success.

QUESTION 5: True

Using the wrong data in measurement is indeed a serious problem. It can lead to inaccurate assessments of performance and misguided decision-making. Managers need to ensure that the data they collect and analyze are relevant, reliable, and aligned with the objectives of the measurement system.

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10 points Save Answer On 1/1 Company issued bonds. Use the following data to record entries for the issuance of the bonds on 1/1, the interest payment and amortization on 7/1 an the accrual on 12/31. The bonds will mature in 10 years and pay interest semiannually on July 1st and January 1st. Use the effective interest rate method to compute amortization. Bond Face Value 750,000 Issue Price 705,187 Stated Rate 10% Effective Rate 11% ACCOUNT NAMES: YOU MUST USE THE EXACT SPELLING OR ENTRIES WILL NOT BE MARKED CORRECT. ROUND ALL AMOUNTS TO 0 DECIMALS. DO NOT USE $ for any amounts, use commas. In each box below, enter the account name and the amount debited or credited. ADDITIONALLY YOU MUST ENTER 0 (ZERO) in the unused cell FOR EACH LINE. IF YOU DO NOT FOLLOW THESE INSTRUCTIONS YOU WILL NOT GET FULL CREDIT! Date CASH 100 0 ACCOUNTS PAYABLE 0 100 REMINDER add a 0 to ALL unused cells, and do not skip any rows. FIRST ENTER all debits in alphabetical order by account, and then credits in alphabetical order by account. Cash Unamortized discount Unamortized premium Bonds payable Interest expense Interest payable (1) PREPARE THE JOURNAL ENTRY TO RECORD THE ISSUSANCE OF THE BONDS. 1/01 2. Prepare the journal entry for the interest payment AND amortization on 1st interest Payment date using the effective interest method 7/01 3. What is the bond's carrying value AFTER the 1st interest payment? BOND OUTSTANDING BALANCE 4. Prepare the entry to record interest expense accrual and amortization at year end using the effective interest method. 12/31 5. Prepare the entry to record interest expense and bond amortization for the 1st interest payment using straight line amortization. 07/01

Answers

(1) Journal Entry to record the issuance of the bonds are as follows.

01/01.

Cash............................... 705,187

Discount on Bonds Payable...... 44,813

Bonds Payable........................750,000.

(2) Journal entry for the interest payment and amortization on the first interest payment date using the effective interest method.

07/01.

Interest Expense....................... 39,059

Amortization of Discount.............. 6,941

Interest Payable........................... 46,000.

(3) After the 1st interest payment, the bond's carrying value will be: $717,826.60.

(4) The entry to record interest expense accrual and amortization at year-end using the effective interest method.

12/31.

Interest Expense.......................... 76,184

Amortization of Discount................. 13,816

Interest Payable............................. 90,000

Unamortized Discount.................. 31,127.

(5) Journal entry to record interest expense and bond amortization for the first interest payment using straight-line amortization.

07/01.

Interest Expense......................... 37,500

Discount on Bonds Payable............. 3,750

Cash........................................... 41,250.

Notes :Interest rate = 10%Face value = $750,000Issue price = $705,187Effective rate = 11%Payment period = Semi-annual Maturity = 10 years Time to maturity = 20 interest periods semi-annually Interest per period = 750,000 × 10% / 2 = $37,500Premium = $750,000 – $705,187 = $44,813Semi-annual payment = $46,000Effective rate = 2 × $46,000 / $705,187 = 11%.The present value of the bond is determined by discounting the future payments at the effective interest rate for 20 periods, which equals $705,187.

The difference between the face value of the bond and its issue price equals the amount of premium received by the issuer. At the bond's maturity, the bond's face value is paid to the bondholder.

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The aging of Torme Designs' accounts receivable is shown below. Calculate the amount of each periodicity range that is deemed to be uncollectible. If required, round your answers to two decimal places. Age Interval Not past due 1-30 days past due 31-60 days past due 61-90 days past due 91-180 days past due 181-365 days past due Over 365 days past due Total Balance $850,000 47,500 21,750 11,250 5,065 2,500 1,145 $939,210 Estimated Uncollectible Accts Percentage 3.50% 5.00 10.00 20.00 30.00 50.00 95.00 Amount b. If Allowance for Doubtful Accounts has a credit balance of $1,135.00, record the adjusting entry for the bad debt expense for the year. Round your answers to two decimal places. Dec. 31

Answers

The amount deemed uncollectible for each periodicity range is calculated by multiplying the respective balance by the estimated uncollectible accounts percentage. The total uncollectible amount is the sum of these calculations.

To calculate the uncollectible amount for each range:

- Not past due: $850,000 * 3.50% = $29,750

- 1-30 days past due: $47,500 * 5.00% = $2,375

- 31-60 days past due: $21,750 * 10.00% = $2,175

- 61-90 days past due: $11,250 * 20.00% = $2,250

- 91-180 days past due: $5,065 * 30.00% = $1,519.50

- 181-365 days past due: $2,500 * 50.00% = $1,250

- Over 365 days past due: $1,145 * 95.00% = $1,087.75

The total uncollectible amount is $40,407.25.

To record the adjusting entry for the bad debt expense, you would debit Bad Debt Expense for $40,407.25 and credit Allowance for Doubtful Accounts for $39,272.25 ($40,407.25 - $1,135.00).

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The amount deemed uncollectible for each periodicity range is calculated by multiplying the respective balance by the estimated uncollectible accounts percentage.

The total uncollectible amount is the sum of these calculations.

To calculate the uncollectible amount for each range:

- Not past due: $850,000 * 3.50% = $29,750

- 1-30 days past due: $47,500 * 5.00% = $2,375

- 31-60 days past due: $21,750 * 10.00% = $2,175

- 61-90 days past due: $11,250 * 20.00% = $2,250

- 91-180 days past due: $5,065 * 30.00% = $1,519.50

- 181-365 days past due: $2,500 * 50.00% = $1,250

- Over 365 days past due: $1,145 * 95.00% = $1,087.75

The total uncollectible amount is $40,407.25.

To record the adjusting entry for the bad debt expense, you would debit Bad Debt Expense for $40,407.25 and credit Allowance for Doubtful Accounts for $39,272.25 ($40,407.25 - $1,135.00).

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Assume that the unit cost of making one doorstop is $1.45. For every unit sold, the firm wants 25 percent to represent profit. Applying the standard mark-up approach, what should the selling price be? $2.54 $5.80 $1.93 $1.81

Answers

The correct option is $1.93.Standard mark-up approach determines the selling price by adding a markup percentage to the cost of production to cover indirect costs, overheads and profits.

The question states that the unit cost of making one doorstop is $1.45 and for every unit sold, the firm wants 25% to represent profit.So, total profit = $1.45 × 25/100 = $0.36. Then, the selling price would be the cost of production + total profitSelling price = $1.45 + $0.36 = $1.81. Thus, the selling price using the standard mark-up approach is $1.81, which is not among the provided answer options.

However, if the selling price is rounded up to the nearest cent, the answer will be $1.93. Therefore, the selling price using the standard mark-up approach is $1.93.

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Which of the following are examples of new challenges managers face today? Check all that apply.
( ) Designing an incentive pay system that takes into account workers’ group norms about acceptable production levels
( ) Developing mathematical models to maximize the efficient allocation of company resources
( ) Making business decisions based on experts’ best guesses about whether a pandemic will affect a certain market
( ) Giving employees more flexibility with when to take paid holidays, based on their religion

Answers

The "Giving employees more flexibility with when to take paid holidays, based on their religion" is not necessarily a new challenge specifically faced employees' religious practices

(x) Designing an incentive pay system that takes into account workers’ group norms about acceptable production levels

(x) Developing mathematical models to maximize the efficient allocation of company resources

(x) Making business decisions based on experts’ best guesses about whether a pandemic will affect a certain market

The "Giving employees more flexibility with when to take paid holidays, based on their religion" is not necessarily a new challenge specifically faced by managers today, as accommodating employees' religious practices and providing flexible holiday schedules has been a consideration for many organizations in the past as well.

To enhance my problem-solving abilities, I aim to foster a more creative mindset by engaging in activities that promote divergent thinking, such as brainstorming sessions, seeking alternative perspectives, and exploring different problem-solving techniques. Additionally, I will continuously seek opportunities to learn from others' problem-solving experiences and incorporate their insights into my own approach.

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