The accurate statement is that predicted times further in the future tend to have bigger forecast track and intensity mistakes.
What is intensity and example?She felt uneasy as a result of his intense gaze into her eyes. This was too intense for a first date. The degree, quantity, or magnitude of something is its intensity. Examples include flame, emotions, weather, work, and passion. The word "intensity" is occasionally linked to fervor, fire, and violence.
What is intensity of an object?By multiplying the energy density at a given location in space by the speed of the energy as it moves, one can calculate intensity. The units of power are split by the resulting vector's size (i.e., surface power density).
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an advantage of a firm having to pay for blank is that it can control what it wants to say, when to send its message, and to some extent, to whom the message is sent. multiple choice question. public relations publicity distribution advertising
Direct marketing campaigns operate independently to communicate directly with target audiences, in contrast to traditional public relations campaigns that are distributed through a third party like media publications or mass media.
Direct marketing: What Is It?Any kind of marketing that communicates or distributes directly to individual customers rather than through a third party like the mass media is considered direct marketing. Among the delivery methods utilized are texting campaigns, email, social media, and mail. Because it generally eliminates the middleman, such as advertising media, direct marketing is referred to as such.
What are examples of direct marketing?Direct marketing strategies include email, online ads, flyers, database marketing, promotional letters, newspapers, outdoor advertising, phone text messaging, magazine ads, coupons, phone calls, postcards, websites, and catalog distribution.
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true or false because the diversification from adding assets declines as the total number of assets in the portfolio
This statement is untrue because increasing the number of assets in a portfolio reduces diversification.
An asset is a resource with economic value that a person, organization, or assets nation owns or manages with the hope that it will someday be useful.
A company's balance sheet lists its assets. They are divided into current, assets fixed, financial, and intangible categories. They are acquired or produced to raise a company's value or enhance its operations. This diversification statement is untrue because increasing the number of assets in a portfolio reduces diversification.
Whether it's a piece of manufacturing equipment or a patent, an asset can be thought of as something that will, in the future, increase sales, diversification lower costs, or generate cash flow.
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what process involves deciding how to approach and plan the risk management activities for the project?
A risk management plan is the procedure' primary result. The process of identifying hazards is identifying the risks that are most likely to have an impact on a project and noting their specifics.
The process of identifying risk is identifying the risks that are most likely to have an impact on a project and noting their specifics. A risk registry, risk report, and project document updates are the process' primary outputs.
So in any business, risk management starts with 4 broader steps —
1. Identification of Risk
2. Risk Assessment
3. Risk Mitigation
4. Risk Control
You can approach or identify the risk with 2 options —
a. Brainstorming
b. SWOT
In a brainstorming session, you and the other team members sit down and discuss potential risks in order to come up with as many as you can. This choice will assist in considering the risk coming from various angles because numerous minds are involved.
SWOT — Strengths, Weakness, Opportunities & Threats
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the values, norms, and expectations of behavior that control how workers interact with one another within an organization represent the organization's:
Correct organizational culture is the collection of beliefs, standards, and guidelines for conduct that governs how employees interact with one another within an organization.
The culture of a corporation affects how employees should behave. This culture is comprised of shared values and beliefs that have been developed by leaders, communicated through a range of mediums, and reinforced in order to affect employee perceptions, behavior, and comprehension. A fantastic corporate culture is defined by what the business stands for and what it believes in.. Employers must provide employees strong feedback on their efforts and give them a feeling of being a part of something better and bigger. An employee who works in a healthy workplace may become an advocate
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xerox pioneered the first portable fax machine in 1980 with a high introductory price of $12,700. xerox used a(n)
Skimming is the term for taking a sizable portion of anything out. In terms of pricing strategy, skimming is the practice of charging a high price upfront before competitors enter the market in order to get the lion’s share of industry earnings.
When a business introduces a brand-new, technologically advanced product, this price model is typically used in the early stages. Therefore, the business has already generated a sizable portion of its income and recouped its product expenditures by the time competitors enter the market.The instance presented here serves as an example of this pricing approach used by Xerox, which charged an outrageous price at first for its newly introduced, ground-breaking fax machine.Consequently, by using a skimming pricing technique, Xerox was able to recoup a significant amount of its.It is safe to assume, based on the information supplied, that Xerox used a skimming pricing technique when setting the price at $12,700.With this pricing strategy.
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a monopolistically competitive industry that earns economic profits in the short run will group of answer choices experience a rise in demand in the long run. experience the exit of existing firms out of the industry in the long run. continue to earn economic profits in the long run. experience the entry of new rival firms into the industry in the long run.
A monopolistic competitive industry that earns economic profits in the short run will experience the entry of new rival firms into the industry in the long run.
By producing the amount where marginal revenue equals marginal cost, a monopolistically competitive firm maximizes profits or minimizes losses in the near run. If the average total cost is less than the market price, the business will turn a profit.
Monopolistic competition among businesses results in short-term economic gains, but not long-term ones. The latter is also a result of the sector's open entry and exit rules.
The economic market model involves monopolistic competition, with many different sellers providing similar but different items. The demand curve is elastic in monopolistic competition due to the fact that many of the goods sold by the firms are still close substitutes.
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an investor put 50% of her money in stock a and 50% in stock b. stock a has a beta of 0.9 and stock b has a beta of 1.3. if the risk-free rate is 1% and the market risk premium is 5%, what is the expected portfolio return?
Expected portfolio return is 6% if the risk-free rate is 1% and the market risk premium is 5%.
given,
money in stock a = 50%
money in stock b = 50%
expected portfolio return=?
Risk free rate=1%
Market risk premium = 5%
Using the given formula,
Market risk premium =expected portfolio return - Risk free rate
expected portfolio return = Market risk premium + Risk free rate
expected portfolio return = 5% + 1%
expected portfolio return = 6%
expected portfolio return is 6%.
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n his new job, jacob has the responsibility of determining the employee resources his company will need to meet its long-term goals. this aspect of jacob's job is called
Jacob has a transfer going on. Jacob is involved in the right kind of turnover, which is a transfer.
A transfer is a shift within the same organization to a different position or team; the pay rate may change based on the position and organization. Jacob’s current team is being phased out in this situation, thus he will need to ask for a transfer within the same organization and with a salary equal to the previous role.In mentoring, more experienced coworkers teach the younger ones how to develop into more experienced professionals. April is torturing Jacob in this way.
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according to the fiedler contingency model, which leadership style would be most effective to get the meeting back on track?
The most effective leadership style for getting meetings back on track is the task oriented leader style.
Fiedler's contingency model is a disadvantaged model that the leader's contribution to the effectiveness of group performance depends on the style or style of leadership and the situation it faces. This theory is based on the structuring of the leader's organization (relationships or tasks), the elements of the situation (leader-member relations, task structure, and the power of the leader's position), and the leader's organization which is found to be most effective.
One of the basic leadership styles according to Fiedler is a task oriented leader where these leaders have a strong tendency to get the job done regardless of their relationship or bond with their followers. This leadership style is the most effective for getting meetings back on track because it focuses on structured tasks.
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if a balance sheet shows $4 million in current assets, $7 million in long-term assets, $2 million in current liabilities and $6 million in long-term liabilities, what is the company's net working capital? $2 million $3 million $1 million $4 million
The current assets mentioned are $4 million while the current liabilities are $2 million in current liabilities, therefore company net working capital is $2 million.
Hence, option A is correct.
What is net working capital?
Net Working capital can be defined as the difference between a company current assets which can be in the form of cash, accounts , unpaid bills , inventories and its current liabilities which can be account payable and debts. It helps in measuring short term liquidity, management of company and to utilize resources efficiently.
Net working capital = Current assets - Current liabilities
= $4 million - $2 million
= $2 million
Hence, the company net working capital is $2 million.
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a sausage company makes two different kinds of hot dogs, regular and all-beef. each pound of all-beef hot dogs requires 0.75 lb of beef and 0.2 lb of spices, and each pound of regular hot dogs requires 0.18 lb of beef, 0.3 lb of pork, and 0.2 lb of spices. suppliers can deliver at most 1020 lb of beef, at most 600 lb of pork, and at least 500 lb of spices. if the profit is $1.85 on each pound of all-beef hot dogs and $1.00 on each pound of regular hot dogs, how many pounds of each should be produced to obtain maximum profit? regular hot dogs incorrect: your answer is incorrect. lb all-beef hot dogs incorrect: your answer is incorrect. lb what is the maximum profit?
$3320 is the maximum profit. 880 lbs of all-beef hot dogs and 2000 lbs of regular hot dogs pounds of each should be produced to obtain maximum profit.
Let x and y stand in for the weights of the regular and all-beef hot dogs produced, respectively. The task restrictions are :
0.75x + 0.18y ≤ 1020 is the limit on beef supply.
0.30y ≤ 600 is the limit on pork supply.
0.2x + .2y ≥ 500 is the limit on spice supply.
Additionally, the goal is to increase p = 1.50x + 1.00y. The profit is maximized at the point (x, y) = in the graph, which depicts the constraints (880, 2000).
Hot dogs should be made in quantities of 2000 pounds of regular and 880 pounds of all beef. The maximum profit that may be earned is $3320.
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terrence corporation plans to sell 37,000 units of its single product in march. the company has 2,400 units in its march 1 finished-goods inventory and anticipates having 2,000 completed units in inventory on march 31. on the basis of this information, how many units does terrence plan to produce during march?
40,600 units does terrence plan to produce during march that is the total required units equals anticipated sales units plus ending inventory.
What is a production budget?The production budget establishes the volume of manufactured goods that must be produced throughout the budget period. The number or product unit determines this budget. Many other budgets are expressed in monetary terms rather than in terms of values.
In order to allocate enough resources to produce the necessary number of product units, managers must carefully consider the predicted sales for the upcoming fiscal year. Moving average is one of the approaches used to calculate the sales prediction.
Units needed in total are 41,000 plus 2,400.
43,400 units are required in total.
Units to be generated equal Total Units Needed - Starting Inventory
Units to be produced: 2,800 less than 43,400
40,600 units must be produced.
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define what liquidity means by completing the following sentence. liquidity refers to a company's ability to pay for its (near/long) -term obligations.
Liquidity is the simplicity with which money can be raised to cover short-term liabilities like bills.
Stocks and bonds are examples of liquid assets since they are easily sold (although cash is, of course, the most liquid asset of all). A business needs to have enough cash on hand to pay all of its bills, pay its suppliers, pay its employees, and conduct its daily business. In the event of an emergency or other monetary setback, you have access to liquidity in the form of your emergency savings account or the cash you have on hand. Additionally, having liquidity is important since it enables you to take risks.
When wonderful possibilities present themselves, it will be easier for you to pass them up if you have access to money and resources. Liquid assets include cash, savings accounts, and checkable accounts since they can easily be changed into cash when needed.
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which of the following is (are) considered further audit procedure(s) that may be designed after assessing the risks of material misstatement? substantive tests of details substantive analytical procedures a. yes yes b. yes no c. no yes d. no no
Substantive tests of details and analytical procedures are considered further audit procedures that may be designed after assessing the risks of material misstatement.
What are substantive tests of details and substantive analytical procedures?The terms "substantive tests of details" and "substantive analytical procedures" are used interchangeable, but technically, substantive testing procedures include substantive tests of details and analytical procedures.
Substantive test of details relates to obtaining source documentation and reconciling, vouching, tracing and the like whereas substantive analytical procedures relate more to using financial as well as nonfinancial information to derive expected balances and comparing to the actually reported balance.
Your question seems messy. It most probably refers to this: "Which of the following is (are) considered a further audit procedure(s) that may be designed after assessing the risks of material misstatement? Substantive Tests of Details: ... Substantive Analytical Procedures: ..." Also, the multiple choices are: (a) yes, yes, (b) yes, no, (c) no, yes, (d) no, no. In that case, the correct option is a.
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fargus corporation owned 51% of the voting common stock of sanatee, inc. the parents interest was acquired several years ago on the date that the subsidiary was formed. what consolidation entry would be recorded in connection with these intra-entity bonds on december 31, 2022
Consolidation entry would be recorded in connection with these intra-entity bonds on December 31, 2022 In good form, prepare amortization schedules through December 31, 2015 for both the parent and subsidiary, rounding all figures to the nearest dollar.
Closing consolidates the financial transactions of the parent company and its subsidiaries and eliminates necessary transactions to avoid data duplication.
When using the consolidation method, it is necessary to identify, reconcile, and exclude intercompany transactions between the parent and subsidiaries to ensure that the parent's financial records accurately reflect the entity's financial position. there is.
A consolidation is a combination of the assets, liabilities and other financial items of two or more entities into one. In financial accounting, the term consolidation often refers to the consolidation of financial statements in which all subsidiaries are under the umbrella of the parent company.
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thanks in part to globalization, coca-cola has operations in all but three nations in the world, and pepsi is now available in more than 160 countries and territories. we can conclude that the soft drink industry is an example of: global competition acculturation free trade zone localization international exchange
Coca-cola has operations in all but three nations in the world, and Pepsi is now available in more than 160 countries and territories. we can conclude that the soft drink industry is an example of global competition.
Global competition becomes a form of transnational competition in which the position of an enterprise in one country affects its competitive position in other countries. As a result, companies are contending among themselves for transnational leadership. As a result of such a struggle, the frugality is globalizing.Global competition is when companies contend to vend goods and services on a transnational scale.
As technology, transportation, and communication systems have bettered, competition among companies in different countries has soared. The TV assiduity is a perfect illustration ofthis.Global competition made the product of some goods in developed countries less profitable due to the fairly high costs. The capability to transfer labour- ferocious product to developing countries converted profitable structure in developed countries.
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consider the capm. the risk-free rate is 3%, and the expected return on the market is 15%. what is the expected return on a stock with a beta of 1.2?
17.4% is the expected return on a stock.
Expected return=risk free rate+beta*(market rate-risk free rate)
=3+1.2*(15-3)
which is equal to
=17.4%
Inventory includes all the stocks with the aid of which ownership of a business enterprise or employer is split. A unmarried proportion of the stock approach fractional possession of the business enterprise in share to the whole variety of stocks.
Stocks represent ownership in a publicly traded corporation. whilst you buy a agency's stock, you become element-owner of that corporation. as an instance, if a organisation has one hundred,000 shares, and you buy 1,000 of them, you very own 1% of the organization.
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your small manufacturing company is in serious financial difficulty. a large order of your products is ready to be delivered to a key customer when you discover that the product is simply not right. it will not meet all performance specifications, will cause problems for your customer, and will require rework in the field; however, this, you know, will not become evident until after the customer has received and paid for the order. if you do not ship the order and receive the payment as expected, your business may be forced into bankruptcy. and if you delay the shipment or inform the customer of these problems, you may lose the order and go bankrupt. what would you do?
I would never jeopardize my morals or the values of my clients. If my business were in a situation where it had a high likelihood of being forced into bankruptcy.
In all facets of life, the value of ethics cannot be overstated. Each person needs to have a set of moral principles, and ethics are extremely valuable in the world of business. Customers will trust your business regardless of expensive prices or minor service flaws if it conducts itself ethically in all customer interactions. Customer ethics enhances service quality and promotes wholesome interactions. Understanding right from wrong in business ethics means being able to act ethically in all situations, even when doing the wrong thing will result in more immediate gains.
Any business must intentionally and consistently practice ethics both in its interactions with customers and in other areas. The company's values and culture must include ethical behavior, and any deviations must be dealt with harshly. Businesses that base their culture and best practices on integrity are more likely to have satisfied staff members and a base of devoted customers. The core values of the company must be spelled out in the value statement, and these values must be the dictating and guiding force behind all interactions, transactions, and major decisions made within the organization.
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what is the number, n, of periods? at the beginning of each quarter, a 50-year-old woman whose birthday is march 1st, deposits $1200 in a retirement account that pays 6% interest, compounded quarterly. how much is in the account when the woman turns 65 years old?
According to the given information, the amount in the account when the woman turns 65 years old = $ 114,358
Considering that the woman deposits $1200 at the start of each quarter and that her birthday is on March 1st, the first deposit will be made on April 1st of her 50th year.
We must determine how much money will be in the account on the woman's 65th birthday, which is on March 1.
We won't finish the last quarter.
In order to calculate the interest through December 31 of the previous year's quarter,
So there will be total of (14 x4) +3 = 56 +3 = 59 quarter periods
[tex]FV = P[\frac{(1+i)^n-1}{i} ](1+i)\\Here P = 1200 dollars; i = \frac{0.06}{4} = 0.015 and n= 59\\Therefore, PV = 1200[\frac{(1+0.015)^5^9-1}{0.015}](1+0.015) = 114257.58[/tex]
So, the amount in the account when the woman turns 65 years old = $ 114,358.
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the ftc controls on product comparisons: group of answer choices are very stringent. are a high regulatory priority. have changed dramatically with private enforcement. no longer exist.
The FTC controls on product comparisons are a high regulatory priority. The FTC is responsible for enforcing federal consumer protection laws that prohibit fraud, dishonesty, and unfair business practises.
In addition, the Commission enforces federal antitrust rules that ban anticompetitive acquisitions and other commercial practises that may result in higher prices, fewer choices, or less innovation. As a consumer or business owner, you may be more familiar with the federal consumer Trade Commission's activities than you realise. The FTC works with issues that affect every American's economic life. We accomplish this in part by enforcing antitrust laws. The fuel that propels America's free-market system is competition.
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millie and jerry are purchasing a home using their va loan benefit. the sales price is $320,000, with 100% financing. assuming that jerry has a typical level of entitlement, how much of their loan does the va guarantee?
Millie and Jerry's loan is guaranteed for one-fourth of $320,000, or $80,000, because the VA guarantees up to $104,250 of the total loan amount.
With the help of their VA loan, Millie and Jerry are purchasing a house.
How is the interest rate for all VA-insured loans determined?
The interest rate on all loans insured by the VA is set by the lender and the VA. The loan amount may include the VA funding fee. For a veteran to find out how much the VA will guarantee in a given circumstance, they must apply for a Certificate of Eligibility. The interest rate on all loans insured by the VA is set by the lender and the VA.
What is the VA loan qualifying ratio?
On VA loans, there is typically no minimum reserve requirement.The qualifying debt ratio for the VA is 35:41.Within the 1% flat fee allowed by the VA, the lender is obligated to cover all of the lender's costs and services that are not reimbursable.
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you make annual end-of-year payments of $6,260.96 on a five-year loan with an 8 percent interest rate. the original principal amount was . group of answer choices
A short-term loan is any amount borrowed from a financial institution for less than one year. Financing cost is high for this advance. As a result, choosing a loan with a typical term is generally recommended.
Principal amount calculation:
Payment is $6,260.96 per year, Rate (r) is 8%, and Term (n) is 5 Years.
What exactly are short-term loans?A type of loan called a "short term loan" is used to meet a temporary need for personal or business capital. Due to the fact that it is a type of credit, it requires the principal amount as well as interest to be paid back by a certain date, typically within a year of receiving the loan.
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a company issues $90,000 of 5%, 5-year bonds dated january 1 that pay interest semiannually on june 30 and december 31 each year. if the issuer accepts $95,000 for the bonds, the issuer will record the sale with a (debit/credit) to (discount/premium) on bonds payable in the amount of $5,000. multiple choice question.
Debit, $5,000 Justification;
The journal entry should read "Debit cash for $ 85,000," "Debit discount on bonds payable for $ 5000," and "Credit bonds payable for $ 90000." Here, the discount amount is $ 5000.
What is a fundamental journal entry?
An accounting entry that debits and credits only one account is called a simple journal entry.As a best practice, it is encouraged to use straightforward journal entries because they are simpler to comprehend.
What three entries are in the journal?
Journal entries fall into three main categories:compound, changing, and switching.
What are credit and debit?
A transfer of value into an account is referred to as a debit entry, while a transfer of value out of an account is referred to as a credit entry.Value is transferred from credited accounts to debited accounts with each transaction.
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special effort to recruit and hire qualified members of groups that have been discriminated against in the past is called
The affirmative action is to take special effort to recruit and hire qualified members of groups that have been discriminated against in the past.
Discrimination:
Discrimination refers the recognition and understanding of the difference between one thing and another.
Given,
Here we need to find the special effort to recruit and hire qualified members of groups that have been discriminated against in the past is called.
Basically, affirmative action involves sets of policies and practices within a government or organization seeking to include particular groups based on their gender, race, sexuality, creed or nationality in areas in which such groups are underrepresented - such as education and employment.
Therefore, the special effort to recruit and hire qualified members of groups that have been discriminated against in the past is called affirmative action.
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a company is financed entirely by common stock and has a cost of equity of 12.5%. now the firm decides to repurchase half of its shares and substitute an equal value of debt. the debt is risk-free, with an interest rate of 5%. the company is exempt from corporate income taxes. assume mm in its pure form applies. calculate the cost of equity after the refinancing, expressed as a percent (xx)%
The cost of equity after the refinancing, expressed as a percent after calculating is 7.24%.
Calculation,
After tax cost of debt = 7.75 (1-0.40)
= 7.75 x 0.60
= 4.65%.
Expected return on equity = {D1/price(1-F} + g
= [0.05/25 (1-0.05)] + 0.06
= 0.0211 + 0.06
0.0811 or 8.11%
WACC = (4.65 x 0.025) + (8.11x0.75)
= 1.16 + 6.08
= 7.24%.
Refinancing is the process of swapping out an existing debt obligation for a new one with a new term and interest rate. Based on a number of economic factors including inherent risk, projected risk, political stability of a country, currency stability, banking regulations, borrower's credit worthiness, and country's credit rating, the terms and conditions of refinancing may differ significantly by country, province, or state. Mortgages on primary residences and auto loans are two common types of refinancing in many industrialized countries.
Debt restructuring may be used to describe refinancing when debt replacement takes place during a period of financial distress.
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government subsidies to corporations, including direct payments and tax breaks, such as profitable oil and gas industries receiving large federal subsidies is a policy known as .
These subsidies is a policy known as corporate welfare. When firms fail to pay their employees a living wage, this is an even more egregious example of corporate assistance.
As a result, these employees are frequently subsidies forced to rely on programs such as Medicaid, public housing, food stamps, and other safety nets. More specifically, while the federal government spends over 170 billion dollars on various forms of corporate welfare, it only spends 11 billion dollars on Aid to Dependent Children. A government subsidy is a cash payment or tax break given to a company or individual to help alleviate a burden or boost the economy of a struggling industry or corporation.
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Anna purchases a wedding dress and takes the dress to jessica for alteration. Anna and jessica agree that anna will pay jessica $75 for the alterations. After jessica begins working on the dress, she has second thoughts. Jessica contacts anna and advises her that the alternations will cost $150 instead of $75. Because anna’s wedding is in just two weeks, anna reluctantly agrees. Once the alterations are completed, anna pays jessica the $75 originally agreed on. Is jessica entitled to the additional $75?.
Yes, Jessica is entitled to the additional $75 because Anna agreed to it, forming a valid contract.
What are the condition of a valid contract ?
A contract is an agreement between parties that establishes legal duties for both parties. The fundamental components necessary for the agreement to be a legitimate offer and acceptance, appropriate compensation, capacity, and legality are: mutual assent, represented through a contract-compliant offer, In certain states, a legitimate alternative can satisfy the requirements of consideration. General damages, consequential damages, reliance damages, and specific performance are all possible compensation for contract breaches.
Contracts are created when one party's promise results in the creation of a responsibility between the parties. A promise must be given in return for sufficient compensation in order for it to be regarded as a contract. There are two various hypotheses or definitions to take into account: Benefit-Detriment theory of consideration and the bargain theory of consideration.
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how much will net operating income increase (decrease) per month if the monthly advertising budget increases by $5,000, the monthly sales volume increases by 100 units, and the total monthly sales increase by $9,000?
The net operating income will decrease by 4500 per month if the monthly advertising budget increases by $5,000, the monthly sales volume increases by 100 units, and the total monthly sales increase by $9,000
Margin Safety: $4500
(30-18)/30=0.4
10,320/0.4=25800
(1010*30)-25800=4500
2. Margin of safety percentage: 15%
Explanation:
45000/30300=0.1485
Real estate professionals use the formula known as Net Operating Income, or NOI, to quickly determine the profitability of a specific investment. After deducting required operating costs, NOI calculates the revenue and profitability of investment real estate property.
Before deducting any costs for financing or taxes, net operating income measures the profitability of an income-producing asset. Subtract all property-related operating costs from all income earned at the property to arrive at NOI.
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At the wholesale club, one can buy toothpaste at a lower unit price if one buys six tubes of toothpaste at once. This is an example of ____, which ____ producer surplus.
At the wholesale club, one can buy toothpaste at a lower unit price if one buys six tubes of toothpaste at once. This is an example of imperfect price discrimination, which increases producer surplus.
In the field of business, price discrimination can be described as a value or cost of a product that is changed by the producer based on his terms or understandings. An imperfect price discrimination can occur if a producer lowers the price of a product on the condition that the consumer buys more or a fixed number of product rather than purchasing just one.
A producer surplus can be described as the profit that is gained by the producer after selling a product. If through imperfect price discrimination, more products are sold, then the producer surplus will increase.
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store-level goals such as increasing store traffic, managing inventory, and managing employees are called .
Tactical goals refer to store-level objectives like boosting foot traffic, maintaining inventory, and managing staff.
What does a company's tactical goal entail?Targets that are promptly set in reaction to evolving conditions in the real world are known as tactical goals. Tactics are based on the reality of the present, whereas strategy relies on projections about the future. Tactical objectives are therefore not prepared as far in advance as strategic objectives.
A tactical plan lays out the actions needed to carry out strategic business plans. These are quick activities and steps meant to aid businesses in achieving long-term objectives. Tactical strategies may alter in response to workplace events and the unique requirements of a corporation.
Consider that the organization wants to grow its clientele from the South to the Southeast as one of its long-term objectives. One must consider what can be done tactically to accomplish this goal. Start by increasing production to keep up with demand; next, in the background, assemble a group of regional salespeople; and so forth.
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