Using the text boxes below,draw the business .Then decide each stage of the business cycle

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Answer 1

The question isn't full and there aren't any boxes provided, so I'll explain the stage of the business cycle instead.

There are four stages to the business cycle: expansion, peak, contraction, and trough.

What are the stages of the business cycle?

The repeated economic shifts that occur in a nation over time are referred to as business cycles. It can be recognized by changes in the GDP and other macroeconomic indicators. The expansion, peak, contraction, and trough phases of the business cycle are all separate from one another.

Which four phases make up the business cycle?

There are four stages that make up the economic cycle, often known as the business cycle. They are as follows:

Expansion: The economy grows relatively quickly during an expansion, interest rates are often low, production rises, and inflationary pressures increase.Peak: A cycle peaks when growth accelerates to its fastest rate. Economic imbalances caused by peak growth often need to be addressed.Contraction: During a contraction, when growth slows, employment declines, and prices remain unchanged, a correction takes place.Trough: When the economy reaches a low point and growth starts to recover, the cycle trough is achieved.

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Related Questions

If you own shares of stock of nike and it pays a dividend of per​ share, then what is the total dividend you will​ receive?.

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If i own 15,000 shares of stock of Nike and it pays a dividend of $0.21 per share, then the total dividend I will receive is $3150.

Nike, Inc. Is an American multinational corporation that is engaged in the layout, improvement, production, and global advertising and income of shoes, garb, devices, add-ons, and offerings. The organization is based near Beaverton, Oregon, inside the Portland metropolitan location. It's by far the sector's largest dealer of athletic footwear and apparel and a prime producer of sports activities devices, with revenue in extra people$37.4 billion in its fiscal yr 2020 (ending may additionally 31, 2020). As of 2020, it employed 76,seven-hundred people worldwide. In 2020, the brand alone was valued in excess of $32 billion, making it the most precious brand amongst sports activities companies. Previously, in 2017, the Nike emblem was worth $29.6 billion. Nike ranked 89th in the 2018 Fortune 500 listing of the biggest USA groups with the aid of general sales.

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recent research suggests that certain plastic containers may have cancer-causing elements in them. as a result of this research, one would expect that:

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The demographic transition is a phenomenon and theory that refers to the historical shift from high birth rates and high death rates in societies with little technology, education (particularly for women), and economic development to low birth rates and low death rates in societies with advanced technology, education, and economic development, as well as the stages in between.

Although many industrialized countries have experienced this change, the theory and model are frequently imperfect when applied to individual countries due to specific social, political, and economic circumstances affecting specific populations. However, because of the well-established historical association relating declining fertility to social and economic the existence of some type of demographic transition is commonly accepted in the social sciences.

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what percent of u.s. employers use some form of electronic monitoring in the workplace as reported in a 2015 study?

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According to a 2015 study, 67 percent of American employers employed some sort of electronic monitoring at their respective workplaces.

Write a short note on strategic management.

Strategic management may be regarded as the process of managing an organization's resources to achieve its goals and objectives.

Strategic management is concerned with  setting objectives, evaluating the firm's internal and external surroundings, reviewing strategies, and ensuring that management carries out the strategies across the entire organization.

Different schools of thought exist in strategic management. While a descriptive method focuses on how strategies should be implemented, a prescriptive approach to strategic management specifies how strategies should be established. Whether strategies are created via an analytical process, in which all dangers and opportunities are taken into account, or if they are more like general guiding principles to be applied, is where these schools diverge.

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The complete question is mentioned below :

What percent of U.S. employers use some form of electronic monitoring in the workplace as reported in a 2015 study?

A) 0%

B) 17%

C) 30%

D) 47%

E) 67%

in the context of porter’s model, a(n) ____ is any other product or service that can satisfy the same need for a customer as an industry’s offerings.

Answers

in the context of porter’s model, a substitute is any other product or service that can satisfy the same need for a customer as an industry’s offerings.

What is substitute?

A substitute is something that can be used in place of another. It can give the same satisfaction as the original product when used by the customer.

A substitute are competitive in nature with the original product and are used when the consumer do not have the original product.

Therefore, a substitute is any other product or service that can satisfy the same need for a customer as an industry’s offerings.

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Numerous routine messages are handled daily. therefore they need to be produced with?

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Numerous routine messages are handled daily. therefore they need to be produced with efficiency.

Improved mental health, more time for relaxation, and decreased anxiety are a few benefits of a routine. A routine is similar to a habit or a fixed sequence. There are dancing routines, as well as daily dance routines, possibly. It is not unusual for something to be routine because it occurs frequently. The majority of jobs require regular tasks known as a routine. Our bare hands couldn't touch the hot roasted potatoes. He has handled experience riding a motorcycle. He rides his motorcycle skillfully. She gained firearm handling skills. She handled all of the accounting.

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todd foley is applying for a $100,000 mortgage. he can select either a $595 monthly payment with no points or a $515 payment with two points. how many months will it take todd to cover the cost of the discount points if he takes the lower monthly payment?

Answers

The Todd chooses to make lower monthly payments, it will take him 25 months to pay off the cost of the discount points.

What is discount?
By paying a charge or fee, a debtor can purchase the right to postpone payments to a creditor for a predetermined period of time through the financial mechanism known as discounting. In essence, the party who is currently owing money purchases the right to postpone payment until a later time. Based on mortality, impatience, and salience effects, this transaction assumes that most people prefer current interest to postponed interest. The difference between the amount initially owed in the present as well as the amount that must be paid inside the future to settle the debt is known as the discount, or charge.

The discount frequently has a discount rate, also known as the discount yield.

[tex]\begin{aligned}\text{ Number of months }=&\frac{\text{ percentage discount points }\times \text{ Principal }}{\text{ Higher amount without points }-\text{ Lower amount with points }}\\&=\frac{0.02\times 100,000}{600-520}\\&=\frac{2000}{80}\\&=25\end{aligned}[/tex]

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Why are publicly traded companies only required to file annual and quarterly reports with the security and exchange?.

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Publicly traded companies are only required to file annual and quarterly reports with the security and exchange because investors can assess a company's financial performance and potential.

Companies must submit quarterly and annual reports to the SEC every year. The purpose of the earnings reports, which are public records, is to inform current and prospective investors of the company's performance and to point out any problem areas.

These reports are crucial for both investors and investment analysts working for banks who offer their opinions and suggestions on publicly traded corporations. The stock price of a firm typically reacts immediately and directly when it announces its earnings.

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A prerequisite is a course that must be successfully completed before taking a more advanced course.

a. True
b. False

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The statement ''A prerequisite is a course that must be successfully completed before taking a more advanced course'' is true.

A precondition is a condition that must exist first. A requirement is something that must be completed before another activity, such as taking an introductory Spanish course before enrolling in Spanish II.

A written exam must be passed in order to enrol in the advanced course. A requirement for the success of this endeavour is public support. Prior to receiving the loan, they had to consent to a number of requirements.

You need a prerequisite in order to fulfil an obligation. You must complete a prerequisite in order to be eligible to enrol in another course. For instance, obtaining a degree might require you to complete three credits in American literature.

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a seller signed an exclusive right-to-sell agreement with a brokerage firm. if the seller finds a suitable buyer with no assistance, the firm is entitled to

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A seller signed an exclusive right-to-sell agreement with a brokerage firm. If the seller finds a suitable buyer with no assistance, the firm is entitled to full compensation from the seller.

What is right-to-sell agreement?

Your listing agreement's exclusive right-to-sell clause defines how long you must provide your broker a commission on the sale of your home, even if they had nothing to do with finding the buyer.

A single broker is given the authority to represent the seller and the property under this form of listing agreement. No matter who sells the property within the term of the listing agreement, the broker will be paid a commission.

Mortgagees Right To Sell: Past Situation.

Before this provision was included in Section 69 of the Transfer of Property Act, 1882, the ability of the mortgagee to sell without the involvement of the court was a source of debate and conflicting opinions.

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rio bus tours has incurred the following bus maintenance costs during the recent tourist season. (the real is brazil’s national monetary unit. on the day this exercise was written, the real was equivalent in value to 0.2545 u.s. dollar.) month miles traveled by tour buses cost november 8,500 11,400 real december 10,600 11,600 january 12,700 11,700 february 15,000 12,000 march 20,000 12,500 april 8,000 11,000 required: 1. use the high-low method to estimate the variable cost per tour mile traveled and the fixed cost per month. 2. develop a formula to express the cost behavior exhibited by the company’s maintenance cost. 3. predict the level of maintenance cost that would be incurred during a month when 22,000 tour miles are driven.

Answers

1. Variable cost is $0.125/mile and Fixed cost is $10,000

2. x =  $10,000 + $0.125 × y

3. Total maintenance cost is $12750

What are fixed and variable costs ?

The amount of product generated determines the fluctuation in variable costs. Raw materials, labor, and commissions are examples of variable costs. Regardless of the level of production, fixed costs remain fixed.

To solve the following question :

Requirement 1

Variable cost using high-low method is

(Total highest cost - Total lowest cost) ÷ (Highest activity - Lowest activity)

Given,

Highest activity = 20,000 miles (March)

Lowest activity =  8,000 miles (April)

Total highest cost = $12,500 (March)

Total lowest cost = $11,000 (April)

Therefore,

Variable cost using high-low method = ($12,500 - $11,000) ÷ (20,000 - 8000) miles

Variable cost using high-low method = $1,500 ÷ 12,000 miles

Variable cost using high-low method is $0.125 per mile

Now,

Total cost = Fixed cost + Variable cost

Using highest total cost and highest activities,

$12,500 = Fixed cost + $0.125 × 20,000miles

or, $12,500 = Fixed cost + 2500

or, Fixed cost = $12,500 - 2500

Fixed cost = $10,000

Requirement 2 and 3

Requirement 2

Let,

Total cost = x

Traveled by Tour Buses = y

Hence, the formula to express cost behaviour :

x = $10,000 + $0.125 × y

Total cost = fixed cost + variable cost per miles driven.

Requirement 3

When 22,000 tour miles are driven the level of maintenance cost that would be incurred during a month will be :

total cost = fixed cost + variable cost per miles driven.

or, total cost =  $10,000 + $0.125 × 22,000 miles

Total cost =  $10,000 + $2750

Therefore, total maintenance cost = $12750

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during the past two years, through extensive advertising and improved customer relations, brick corporation estimated that it had developed customer goodwill worth $500,000. for the current year, the amount of goodwill brick corporation may amortize would be:

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None of the choices are correct as Self-created goodwill cannot be amortised because it is not an intangible asset.

Therefore, Option E is Correct

The value of your company that is greater than its identified financial, tangible, and intangible assets is known as self-created goodwill (such as receivables, inventory, equipment, furniture, real estate, software, customer lists, and so forth).

Therefore it wont be amortised.

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Complete Question - During the past two years, through extensive advertising and improved customer relations, Brick Corporation estimated that it had developed customer goodwill worth $500,000. For the current year, determine the amount of goodwill Brick Corporation may amortize.

a. $26,667

b. $100,000

c. $33,333

d. $16,667

e. None of these choices are correct.

Gross Domestic Product


Answers

the answer is
2. The sale of a used car
4. The sale of illegal drugs
6. The sale of jets made by a US-owned company based in Japan

abc, inc.'s expected sales for the first six month of the year are as follows. month expected sales january $120,000 february $150,000 march $160,000 april $200,000 may $220,000 june $250,000 experience has shown that 60% of sales are collected in the month of sale and 40% are collected the month after sale. calculate expected cash collections for the month of april.

Answers

A total of $184000 of cash will be collected in the month of April by ABC inc.

Sales in the month of April by ABC inc. = $200000

Percentage of money collected in the month of the sale = 60%

Amount of money collected from the sale in April = 60% of 200000 = $120000

Sales in the month of March by ABC inc.= $160000

Percentage of money collected in the month after sale = 40%

So, March's leftover money will be collected in April

Hence, Amount of money collected in March = 40% of 160000 = $64000

Total cash collection in the month of April by the company= $64000 + $120000 = $184000

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a quality team gets together weekly to discuss work-related issues such as quality control and cost reduction, but they do not have the power to implement their own recommendations.

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A quality circle gets together weekly to discuss work-related issues such as quality control and cost reduction but they do not have the power to implement their own recommendations.

What is a quality circle?

A quality circle are also known as a quality control circle. This selected circle of staff refers to the group of workers who do the same or similar work, meet regularly to identify, analyze and solve work-related problems.

Usually, the quality circle always consists of minimum three and maximum twelve members in number, usually led by a supervisor or manager and presents its solutions to management so that workers can  implement the solutions themselves in order to improve the performance of the organization and motivate employees.

However, these quality circles were at their most popular during the 1980s but its still continue to exist in the form of Kaizen groups and similar worker participation schemes today.

Full question "a quality circle/Quality team/Norminal team gets together weekly to discuss work-related issues such as quality control and cost reduction, but they do not have the power to implement their own recommendations."

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Which of the following describes a public policy?
OA rule that a community makes for the businesses operating there
OA process used by community members to address a private issue
OA course of action government uses to respond to a problem
OA punishment for not following local business regulations

Answers

The option that best describes public policy is a course of action government uses to respond to a problem.

What is public policy?

Public policy is the response of the government, an agency of the government or a public officer to the problem that is brought before them for consideration.

The issues that are usually addressed in a public policy include public health, reproductive rights and education. The public are the major beneficiary of public policy.

The steps in forming a public policy include identification of a problem, formulate a policy in response to the problem, adapt the policy, implement the policy and then evaluate the policy.

The types of public policies include distributive policy and regulatory policy. A distributive policy is a policy that is enacted to provide goods and services to members of an organisation or the public. Regulatory policy are policies that are enacted to regulate economic sectors.

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Answer:

The answer is C. A course of action government uses to respond to a problem

Explanation:

I got it right on my test

the process of determining how many supplies and goods are needed and keeping track of quantities on hand each items location and who is responsible for it within an organizaiton is called

Answers

Operations refer to the actual process of converting resources into goods and services, whereas production refers to all actions involved in manufacturing things.

Monitoring various organizational processes and tasks to guarantee that the goods and services provided, as well as the methods employed to deliver them, are consistent is known as quality management. It aids in achieving and preserving the organization's intended level of quality.

The critical path method (CPM) for scheduling, also known as critical route scheduling, is the most often used scheduling methodology. The minimum project completion time, as well as potential start and end times for project activities, are determined using this method.

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apple's 9 percent annual coupon bond has 10 years until maturity and the bonds are selling in the market for $890. the firm's tax rate is 21 percent. what is the firm's after-tax cost of debt?

Answers

The before-tax cost of debt is 10.86%.

Information provided:

Face value= future value= $1,000

Present value= $890

Coupon rate= 9%

Coupon payment= 0.09*1,000= $90

Time= 10 years

Tax rate= 21%

The question is solved by first calculating the before-tax cost of debt which is the yield to maturity.

Enter the below in a financial calculator to compute the yield to maturity:

FV= 1,000

PV= -890

PMT= 90

N= 10

Press the CPT key and I/Y to calculate the yield to maturity.

The value obtained is 10.8566.

Therefore, the before-tax cost of debt is 10.86%.

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if carol's disposable income increases from $1,200 to $1,700 and her level of saving increases from minus $100 to a plus $100, her marginal propensity to

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The level of income is the key factor in determining consumption and saving. Carol's marginal propensity to consume is three-fifths if her disposable income rises from $1,200 to $1,700 and her level of saving rises from a minus $100 to a plus $100.

What is marginal propensity?

The notion of induced consumption, which holds that an increase in personal consumer expenditure (consumption) occurs with an increase in disposable income, is quantified by the marginal propensity to consume (MPC), a statistic used in economics (income after taxes and transfers). Propensity to consume refers to how much of a person's disposable income they spend on consumption. The MPC measures how much extra money a person spends. By way of illustration, if a household receives an additional $1 of disposable income and the marginal propensity to consume is 0.65, it will spend 65 cents and save 35 cents of that dollar. It is clear that the household is only allowed to spend the additional $1. (without borrowing). Compared to wealthy persons, the MPC is higher for those who are poorer.

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oxford has the following information available: year 2022 2021 cost of goods sold $1,235,000 $1,265,000 inventory 293,000 323,000 oxford's inventory turnover during 2022 was closest to:

Answers

The Current Price of the Bond is the Present Value of the Coupon Payments plus the Present Value of the face value

Face Value of the bond = $1,000

Semi-annual Coupon Amount = $50 [$1,000 x 10% x ½]

Semi-annual Yield to Maturity = 5.50% [11% x ½]

Maturity Period = 18 Years [(10 Years – 1 Year) x 2]

Therefore, the Current Price of the Bond = Present Value of the Coupon Payments + the Present Value of the face value

= $50[PVIFA 5.50%, 18 Years] + $1,000[PVIF 5.50%, 18 Years]

= [$50 x 11.24607] + [$1,000 x 0.3814]

= $562.30 + $381.47

= $943.77

“Hence, the Current Price of the Bond = $943.77”

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if the share price of rocket.inc rises from $6 to $8 over a one-year period, what is the capital gain yield given the company paid a dividend of $1 per share a. 50% b. 33.3% c. 25% d. 37.5%

Answers

Option a. 50% is the capital gain yield for the share

The yield on capital gains is the rate of price growth on investment. It is computed by dividing the price rise of an investment by the cost of purchase. The capital gains yield, for instance, is 25% if an investment is purchased for $100 and later sold for $125.

Share price before increase = $6

Share price after increase = $8

Increase in share price = $8-$6 = $2

Dividend per share = $1

So, total capital gain per share = $1+$2 = $3

Capital gain yield is given by the formula:

Capital gain = total capital gain per share/Share price before increase*100

= 3/6*100

= 0.5*100

= 50%

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Suppose the equilibrium price of a tube of toothpaste is $2, and the government imposes a price floor of $3 per tube. as a result of the price floor, the?

a. demand curve for toothpaste shifts to the left.
b. supply curve for toothpaste shifts to the right.
c. quantity demanded of toothpaste decreases, and the quantity of toothpaste that firms want to supply increases.
d. quantity supplied of toothpaste stays the same.

Answers

The amount of toothpaste that consumers demand falls while the amount that businesses want to supply rises.

The activity of running a business involves creating, purchasing, and reselling commodities in order to support one's lifestyle (such as goods and services). Furthermore, it refers to "any activity or enterprise undertaken for profit." The owner of the business is responsible and liable for any debts incurred by the business since despite having a business name, they are one and the same. If the company accrues debts, the creditors may seize the owner's personal property.

Corporate tax rates cannot be applied to a firm structure. All profits earned by the business are subject to personal taxation by the owner. Although not by lawyers or government officials, the phrase is also frequently used informally to refer to a business, such as a corporation.

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you are managing a project with a bac of $93,000, ev of $51,840, pv of $64,800, and ac of $43,200. what is your cpi?

Answers

When I am managing a project with a bac of $93,000, my CPI is 1.2.

What is CPI?

The price of a market basket of products and services for consumers that households purchase on average and are weighted is known as the consumer price index, or CPI. As prices fluctuate over time, changes in the measured CPI reflect those changes. A CPI is a statistical estimation that is created using a sample of typical items with prices that are routinely collected. It is possible to compute sub-indices and sub-sub-indices for various categories and sub-categories of goods and services. These sub-indices and sub-sub-indices are then combined to create the overall index, with weights reflecting the proportions of each sub-category in the total consumer expenditures the index covers. The majority of national statistical agencies compute numerous pricing indexes, including this one. Measures of inflation include the annual percentage change in a CPI.

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when long-run average cost decreases as output increases, there are definitely i. increasing marginal returns. ii. economies of scale.

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when long-run average cost decreases as output increases, there are definitely economies of scale.

Average Cost: The average cost is the outcome of dividing total cost by output or amount generated. Average expenses are divided into short-term and long-term costs based on the length of the manufacturing cycle.

There are economies of scale when long-run average costs decrease as output rises (A). A higher output level and a lower long-term average cost are the hallmarks of economies of scale.

Returns to scale, on the other hand, turn out to be constant when long-run average expenses increase along with an equivalent increase in output level. The factors in this situation are capital and labor.

The cost of a single unit rises as output levels rise, which is a sign of diseconomies of scale.

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What elements does not typically appear in a well-prepared business plan?

Answers

Normally, the names of all employees are not included in a well-prepared business plan.

What elements of a successful company plan don't frequently appear?

The business plan of a firm serves as a guide for many organizational choices, including the choice of new employees and the development of new products. This helps in defining the plans and actions you need to take for your company.

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in a tweet to clyde, a reporter for the site blast, ethan accuses financial services corporation of cheating on its taxes. if false, making this statement is

Answers

In a tweet to clyde, a reporter for the site blast, ethan accuses financial services corporation of cheating on its taxes. if false, making this statement is defamation.

The act of providing incorrect information to a third party about a person that harms that person's reputation is known as defamation. [1] Slander may be verbal or written (libel). It is either illegal or a tort. Different nations and jurisdictions have very different legal definitions of defamation and associated activities, as well as very different approaches to dealing with them (what exactly they must consist of, whether they constitute crimes or not, to what extent proving the alleged facts is a valid defence).

Various behaviors are covered under defamation laws, including:

°Acts against public authorities °Injury to legal entities °Defamation of legal entities °Injury to individuals °

Acts against state institutions (such as the government, ministries, military forces, and so on) °Acts against state symbols °Acts against the state itself °Acts against religions (such as blasphemy, discrimination), °Acts against the judiciary or legislature (e.g., contempt of court, censure).

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zendaya invests money in an account paying a simple interest of 7.7% per year. if she invests $200 and no money will be added or removed from the investment, how much will she have in one year, in dollars and cents?

Answers

After one year, Zendaya will have $215.4

Zendaya Simple Interest Per Annum is 7.7%. So 7.7% of 200 is 15.4 therefore, after a year $15.4 will be added to the money she invested.

Therefore she will have $215.4

What is simple interest how its calculated?

Simple interest is a quick and simple formula for figuring out how much interest will be charged on a loan. The daily interest rate, the principle, and the number of days between payments are multiplied to calculate simple interest.

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mariel owns a toy store, which is a sole proprietorship. she wants to retire. what is the best way for mariel to transfer the ownership of her business?

Answers

The best way for Mariel to transfer her sole proprietorship is to sell the company's assets to another party.

What is sole proprietorship?

Corresponds to a type of company where the owner is solely responsible for the risks and management of the business, that is, it is a business not incorporated by itself. It corresponds to a faster and less bureaucratic strategy to enter the market, with reduced costs and faster closing of activities.

Therefore, in the case of Mariel, as the sole person responsible for the business, she cannot transfer her sole proprietorship, but can sell her assets to the other party so that the other party can start its own sole proprietorship.

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When managers determine that an organization is not making sufficient progress toward achieving its goals and objectives and they develop corrective measures, they are involved in.

Answers

Managers are involved in controlling when they conclude that an organization is not making adequate progress toward reaching its goals and objectives and develop remedial actions.

Control is a management activity that aids in the detection of problems and the implementation of corrective actions. This is done to reduce deviation from standards and guarantee that the organization's overall goals are met as desired.Controlling is the process of assessing an organization ’s objectives toward its objectives. It comprises monitoring the implementation of a strategy and correcting errors from that plan.Control management is a process that helps your firm spot problems, make adjustments, and keep project management on track. Control management increases your firm's chances of achieving its goals.Controlling is one of the most important management duties of a goal-oriented organization. Management control approaches are classified into two types: modern and classic control strategies. Feedforward, feedback, and concurrent controls are examples of management control techniques.

Thus the correct answer is controlling.

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When comparing a mutual fund to a hedge fund, which statement is FALSE?

A. Hedge funds are less regulated
B. Hedge funds are more risky
C. Hedge funds are only available to qualified purchasers
D. Hedge funds are liquid

Answers

D. The statement Hedge funds are liquid is a false statement on comparing a mutual fund to a hedge fund.

Only qualified (rich, sophisticated) investors are permitted to invest in hedge funds, which are "poorly regulated" partnerships investments. To achieve greater return, the fund manager employs riskier, aggressive investment tactics. Investments made by hedge funds are totally illiquid.

The restricted partner investor typically only has access to their money at year's end. The investor is committed to the investment for the remainder of the year. Investing in hedge funds is sometimes viewed as a dangerous alternative commitment option, typically requiring a large minimum investment or net worth, and frequently focusing on rich clientele.

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Which of the following accounts is a stockholders' equity account? a. Prepaid Insurance b. Cash c. Accounts Payable d. Common Stock

Answers

Option d. Common stock is the correct answer

a. Prepaid insurance: They are sums that a business has paid in advance in exchange for goods or services that will be provided in the future, prepaid expenses are regarded as current assets. So, it has no relation with respect to the stakeholder's equity account

b. Cash: Accounting keeps a detailed record of all cash transactions in a cash book. This account is different from the cash account in general ledger.

c. Accounts payable: The recording and processing of financial transactions involving suppliers and purchases are known as accounts payable. This is not related to the stockholder's equity account.

d. Common stock: Common stock often entitles holders to vote for corporate directors, as well as for changes to corporate policy and stock splits. Each share of common stock corresponds to a portion of a company's ownership.

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