A retail representative's sales pitch relied upon for the purchase of sports equipment would be an example of persuasive communication.
Persuasive communication is any form of communication that seeks to convince or persuade others to change their beliefs, attitudes, or behaviors. It is used to get individuals to buy goods, make political or social statements, or support a company. The persuader attempts to alter the audience's beliefs or opinions by appealing to their emotions or logical thinking. Persuasive communication encompasses a variety of activities, including sales pitches, political campaigns, and marketing efforts, among others.
The communicator's primary aim is to influence the audience's thinking and persuade them to take a particular action. A retail representative's sales pitch relied upon for the purchase of sports equipment would be an example of persuasive communication. Retail representatives' primary objective is to persuade customers to purchase their items. They rely heavily on persuasive communication to get customers interested in their products and provide a sales pitch that persuades them to purchase the product.
The retail representative employs various persuasive techniques to encourage potential clients to buy sports equipment. Sales pitches' persuasive language is intended to persuade clients to take a particular action, such as making a purchase. They might use persuasive phrases, statistics, and stories to grab the customers' attention and convince them to purchase the sports equipment.
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What effects would each of the following have on aggregate demand or aggregate supply, other things equal?
a. a widespread fear by consumers of an impending economic depression.
b. a new national tax on producers based on the value added between the costs of the inputs and the revenue received from their output.
c. a reduction in interest rates at each price level.
d. a major increase in spending for health care by the federal government.
e. the general expectation of coming rapid inflation.
f. the complete disintegration of opec, causing oil prices to fall by one-half.
g. a 10 percent across-the-board reduction in personal income tax rates.
h. a sizable increase in labor productivity (with no change in nominal wages).
i. a 12 percent increase in nominal wages (with no change in productivity).
a. Aggregate demand wiII decrease.
b. Aggregate suppIy wiII decrease.
c. Aggregate demand wiII increase.
d. Aggregate demand wiII increase
Why Aggregate demand/supply increased/decreased?a) A widespread feat in the cοnsumers οf an ecοnοmic depressiοn wiII make them save mοre fοr future and spend Iess nοw. Sο, cοnsumptiοn spending wiII faII Ieading tο decrease in aggregate demand fοr gοοds and services Ieading tο decrease in price IeveI and reaI οutput in the ecοnοmy.
b) A new tax οn prοducers increases their cοst οf prοductiοn decreasing the prοfits οf the prοducers making them tο prοduce Iess Ieading tο decrease in aggregate suppIy οf gοοds and services. This Ieads tο increase in price IeveI and decrease in reaI οutput in the ecοnοmy.
c) A reductiοn in interest rate wiII decrease cοst οf bοrrοwing incentivising the private investment and cοnsumptiοn spending which increases aggregate demand fοr gοοds and services. This increases price IeveI and reaI οutput in the ecοnοmy.
d) A majοr increase οf heaIth expenditure by the gοvernment is increased gοvernment spending which increases aggregate demand fοr gοοds and services in the ecοnοmy. This wiII Iead tο increase in price IeveI and reaI οutput in the ecοnοmy.
e. Aggregate demand wiII increase.
f. Aggregate suppIy wiII increase
g. Aggregate demand wiII increase.
h. Aggregate suppIy wiII increase.
i. Aggregate suppIy wiII decrease.
j. Aggregate demand wiII increase.
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a major advantage of diversification is that overall monitoring costs are reduced because each separate business comes under the control of corporate headquarters. true false
A major advantage of diversification is that overall monitoring costs are reduced because each separate business comes under the control of corporate headquarters. This statement is true.
Diversification is the process of expanding a business's operations by participating in various market segments. A corporation's stockholders will reap the benefits of diversification since the company's various investments and lines of business will be combined and balanced in the firm's best interests.
Hence, overall monitoring costs are reduced because each separate business comes under the control of corporate headquarters. Diversification has a number of advantages, including increased capital flow, risk reduction, and economies of scale, among others.
The company's stocks and assets are distributed across a variety of industry segments in this process. The failure of one business line is not likely to jeopardize the whole company's financial stability. It's worth noting that each firm has its own unique advantages and disadvantages when it comes to diversification.
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question 2 of 10: pricing items on your menu takes a thoughtful process to determine exact costs for food and labor. you are dealing with perception, so it is critical that you pay close attention to what you are doing. how would you determine your prices? a) rely on what other places are charging for the same food items. b) give people more than what they think they should get in portions and they will be happy. c) carefully determine your plate costs of each and every item, as well as beverages. d) pick pricing that will allow you to pay your expenses to run the business.
The best way to determine your prices is to carefully determine your plate costs of each and every item, as well as beverages. This will help you to keep the prices of food items on your menu affordable while still making a profit for your business.
Hence, the correct option is "c) carefully determine your plate costs of each and every item, as well as beverages."
Why is it important to determine the exact cost for food and labor when pricing items on a menu?
Determining the exact costs for food and labor when pricing items on your menu is important because you will be dealing with perception. Therefore, it is critical to pay close attention to what you are doing.
If you set your prices too high, you risk losing potential customers. If you set your prices too low, you risk losing money and possibly going out of business.
How to determine plate costs of each and every item, as well as beverages?
To determine the plate costs of each and every item, as well as beverages, the following steps can be taken:
Calculate the total cost of each ingredient used in a dish
Multiply the ingredient cost by the number of servings in each container
Divide the result by the number of servings of the dish
Add the labor cost per dish to the result to get the total cost of the dish
Determine the percentage of profit desired on the dish
Add the percentage of profit to the total cost of the dish to get the final price of the dish
Hence, careful determination of plate costs of each and every item, as well as beverages, will help to keep the prices of food items on your menu affordable while still making a profit for your business.
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BLAW 152 Canadian Business Law
1. Jonathan is 90 years old and his mental health is deteriorating rapidly. He has Alzheimer's and, while he does have moments of lucidity, they are rare. Michael, 30, is the son of a family friend and sees Jonathan's mental condition. Michael loves Jonathan's old Jaguar car which has been kept in pristine condition. The young man thought he could get a cheap deal on the car if he could take advantage of Jonathans' mental condition. Michael waited until Jonathan was having a mental episode and demanded that Michael give the car up in exchange for only $100. Michael signed the contract and necessary paperwork. Later, Jonathan's family, legally acting on Jonathan's behalf, tried to rescind the contract and had to sue Michael for it.
What will the result of the lawsuit be?
See pages 157 - 160 of the textbook.
2. Havel and Gwen both bet $20 on the outcome of a hockey game. Is the contract binding if the contract is verbal only?
In most jurisdictions, verbal contracts are generally enforceable, but it can be difficult to prove the terms of the agreement in the absence of any written evidence.
What is a contract?A contract is legally binding agreement between the two or more parties. It outlines the terms and conditions that each party must follow to fulfill their obligations as defined in the contract. A contract can be written or verbal, but it is generally recommended to have a written agreement to avoid misunderstandings or disputes. A valid contract must include an offer, acceptance, consideration (something of value exchanged by both parties), and mutual intent to be bound by the terms. Breaching a contract can result in legal action and consequences such as monetary damages, specific performance, or cancellation of the contract. It is essential to review and understand the terms of a contract before signing it to ensure that you are aware of your rights and obligations.
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Exercise 5-7A Establish an allowance for uncollectible accounts and write off accounts receivable (LO5- 3,5-4) 1.07 points During 2021, its first year of operations, Pave Construction provides services on account of $160,000. By the end of 2021, cash collections on these accounts total $110,000. Pave estimates that 25% of the uncollected accounts will be uncollectible. In 2022. the company writes off uncollectible accounts of $10,000. eBook Required: 1. Record the adjusting entry for uncollectible accounts on December 31, 2021 (lf no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) Hint al - I az oo View transaction list Journal entry worksheet Record the adjusting entry for Uncollectible Accounts Note: Enter debits before credits Dato General Journal Debit Credit December 31 2021 Record entry Clear entry 07 oints 2-a. Record the write-off of accounts receivable in 2022. (If no entry is required for a particular transaction/event, select "No Journal Entry Required in the first account field.) eBook View transaction list Hint Journal entry worksheet Record the write-off of accounts receivable in 2022. Print To Note: Enter debits before credits References General Journal Debit Credit December 31, 2022 View general journal Record entry Clear entry Accounts at the end of 2022 before adjustment in 2022. Record entry Clear entry View general journal 2-b. Calculate the balance of Allowance for Uncollectible Accounts at the end of 2022 (before adjustment in 2022). Beginning Balance in 2022 Ending Balance in 2022 3-a. Assume the same facts as above but assume actual write-offs in 2022 were $15,000. Record the write-off of accounts in 2022. (If no entry is required for a particular transaction/event, select "No Journal Entry Required in the first account 3-a. Assume the same facts as above but assume actual write-offs in 2022 were $15,000. Record the write-off of accounts receivable in 2022. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet Record the write-off of accounts receivable in 2022 Note: Enter debits before credits General Journal Debit Credit Date December 31, 2022 View general journal Record entry Clear entry C ulate the balance of Allowance for Record entry Clear entry View general journal 3-b. Assume the same facts as above but assume actual write-offs in 2022 were $15,000. Calculate the balance of Allowance for Uncollectible Accounts at the end of 2022 (before adjustment in 2022). Beginning Balance in 2022 Ending Balance in 2022 Next > < Prev 7 of 14
1. The adjusting entry for uncollectible accounts on December 31, 2021 would be:
Date | General Journal | Debit | Credit
--- | --- | --- | ---
December 31, 2021 | Bad Debt Expense | $12,500 |
| Allowance for Uncollectible Accounts | | $12,500
This entry is made because Pave Construction estimates that 25% of the uncollected accounts ($50,000) will be uncollectible accounts, which is $12,500.
2-a. The write-off of accounts receivable in 2022 would be:
Date | General Journal | Debit | Credit
--- | --- | --- | ---
December 31, 2022 | Allowance for Uncollectible Accounts | $10,000 |
| Accounts Receivable | | $10,000
This entry is made to write off the uncollectible accounts of $10,000.
2-b. The balance of Allowance for Uncollectible Accounts at the end of 2022 (before adjustment in 2022) would be:
Beginning Balance in 2022: $12,500 (from the adjusting entry in 2021)
Less: Write-off of accounts receivable in 2022: $10,000
Ending Balance in 2022: $2,500
3-a. The write-off of accounts receivable in 2022 if the actual write-offs were $15,000 would be:
Date | General Journal | Debit | Credit
--- | --- | --- | ---
December 31, 2022 | Allowance for Uncollectible Accounts | $15,000 |
| Accounts Receivable | | $15,000
This entry is made to write off the uncollectible accounts of $15,000.
3-b. The balance of Allowance for Uncollectible Accounts at the end of 2022 (before adjustment in 2022) if the actual write-offs were $15,000 would be:
Beginning Balance in 2022: $12,500 (from the adjusting entry in 2021)
Less: Write-off of accounts receivable in 2022: $15,000
Ending Balance in 2022: ($2,500)
The ending balance is a negative amount because the actual write-offs were more than the estimated amount.
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what advice would you give to someone starting out with budgeting on the role of a cash budget and developing specialized budgets? In what ways might the use of specialized budgets be related to the results of variance analysis?
Cash budget and specialized budgets are essential for effective budgeting. They help you plan and manage cash flow of your organization and address any areas of under- or over-performance. Use of specialized budgets is related to the results of variance analysis.
A cash budget and specialized budgets are two important components of budgeting. A cash budget helps you manage and plan the cash flow of your organization. It includes income and expenses and is used to anticipate how much money will be available at any given time.
The use of specialiVariance analysis is a technique used to identify differences between actual and budgeted financial performance. Specialized budgets can be used to determine the root cause of any variance.
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the most common definition that monetary policymakers use for price stability is group of answer choices low and stable deflation. an inflation rate of zero percent. high and stable inflation. low and stable inflation.
The most common definition that monetary policymakers use for price stability is low and stable inflation.
What is price stability?Price stability refers to the economic policy objective of keeping the rate of inflation low and stable over time. Low inflation reduces the uncertainty surrounding price changes, enabling businesses to make long-term investment plans and individuals to make informed financial decisions. The most common definition that monetary policymakers use for price stability is low and stable inflation.
The Central Bank's role in maintaining price stability
The Central Bank is responsible for ensuring price stability in the economy.
It accomplishes this through the use of monetary policy instruments, such as interest rates and reserve requirements. In most instances, the Central Bank's primary goal is to maintain low and stable inflation, usually within a specific target range.The Central Bank regulates the economy's money supply, which affects interest rates and, in turn, the level of investment and aggregate demand.
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Chapter Summary•An ERP system can improve the efficiency of production and purchasing processes.Efficiency begins with Marketing and Sales sharing a sales forecast. A production plan iscreated based on that forecast and shared with Purchasing so raw materials can beordered properly.•Companies can do production planning without an ERP system, but an ERP system thatcontains materials requirements planning capabilities allow a company to link Production toPurchasing and Accounting. This data sharing increases a company’s overall efficiency.•Companies are building on their ERP systems and integrated systems philosophy topractice supply chain management, a strategy by which a company looks at itself as part ofa larger process that includes customers and suppliers. Using information more efficientlyalong the entire chain can result in significant cost savings. Because of the complexity ofthe global supply chain, developing a planning system that effectively coordinatesinformation technology and people and that can help a company manage uncertainty is aconsiderable challenge.
1. When a customer orders a product, such as a custom-built car, the Supply Chain Management function must interact with other functional areas in a company to complete this order. List the functional areas involved in this process. What information must pass between those areas and Supply Chain Management to fill the customer’s needs?
2. What are potential sources of risk in Fitter’s supply chain? How should Fitter prepare to minimize these risks? Research this topic on the Internet, and use examples to support your reasoning.
The functional areas involved in the process of fulfilling a customer's order for a custom-built car include Marketing and Sales, Production, Purchasing, and Accounting.
In order for Supply Chain Management to fill the customer's needs, they must receive a sales forecast from Marketing and Sales, create a production plan based on that forecast and share it with Purchasing to order the necessary raw materials, and link the Production, Purchasing, and Accounting systems together.
The potential sources of risk in Fitter's supply chain include uncertainties in product demand, production capacity constraints, product obsolescence, inadequate inventory levels, rising costs, and disruption of suppliers due to external factors such as natural disasters.
Fitter should prepare for these risks by proactively monitoring the supply chain, working with suppliers to create a back-up supply chain, and creating an inventory management system that effectively monitors inventory levels.
Additionally, Fitter should conduct scenario planning to evaluate and mitigate the impact of external events on the supply chain.
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Company A recorded a profit before tax of $2,500,000 for the year ended 31 December 20×3. The tax rate for 20×3 was 24% while that of 20×2 was 22%. Deferred tax liability as at 31 December 20×2 was $26,400. (a) On 1 January 20x1, Company A purchased plant and machinery costing $120,000. The useful life of the plant and machinery was five years, but the capital allowances were to be claimed over a three-year period. (b) On 1 July 20x2, Company A purchased specialized equipment costing $150,000. The useful life of the equipment was five years from the date of acquisition. However, for tax purposes, capital allowances were claimed in full during 20×2. (c) Company A completed the development phase of a new drug on 1 January 20x2, which amounted to $50,000. The expenditures were not deductible for tax purposes but were deemed to have an economic useful life of five years for accounting purposes. (d) The movement in the provision for impairment losses is as follows: Impairment losses were allowable for tax purposes in the period of utilization. (e) Dividends received during 20×3 amounted to $50,000 while dividend income for 20×3 was $60,000. Dividends receivable as at 1 January 20×3 were $20,000. Dividend income was taxed when received. (f) Unearned revenue balance arising from service fees collected in advance as at 31 December 20×3 was $14,000. Cash received during the year in respect of unearned revenue was $32,000. Earned revenue from service fees for 20×3 was $30,000. Service fees were taxable during the year when the proceeds were received. (g) Disallowed items are as follows: Required: 1. Prepare the tax computation to determine the tax payable for the year ended 31 December 20x3 based on the above information. 2. Determine the items and amounts of permanent differences for the year ended 31 December 20×3 based on the above information.
Assets that have not depreciated in value. In January 2016, the Board declassified Recognition of Deferred Tax Assets for Unrealized.
How can I pass the asset entry for deferred taxes?
A Deferred Tax Asset Diary Entry. If taxable profit is greater than book profit. The tax must be paid and will be included in the company's deferred tax assets, which can be used to pay taxes in the future even when the company's accounts indicate a loss according to the books but a profit under income tax regulations.
What does the word "double entry" in reference to deferred tax mean?
By debiting or crediting Profit & Loss Accounts, accordingly, we must create Deferred Tax Liability Accounts or Deferred Tax Asset Accounts. At the standard tax rate, the Deferred Tax is generated. Keep in mind that both entries are not passed; instead, the net amount of deferred tax simply creates a liability or asset.
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The Street Division of Labrosie Logistics just started operations it purchased depreciable assets costing $36.1milition and having a four-year expected ilfe, after which the assets can be balvaged for $7.22 million. In addition, the division has $361 million in assets that are not depreciable. After four years, the division wili have $361 million avallable from these nondepreciable assets. This means that the division has invested $722 milion in asseti with a salvage value of $43.32 million. Annual operating cash flows are $121 million. In computing ROI, thit division uses end of -year asset values in the denominator. Depreciation is computed on a straight-iline basis, tecognizing the salvage values noted lgnore taxes. In computing ROI, this division uses end of year asset values. Assume that all cash flows increase 10 percent at the end of each year. This has the following effect on the assets replacement cost and annual cash flows: Depreciation is as follows. Note that "accumulated" depreciation is 10 percent of the gross book value of depreciable assets after one year, 20 percent after two years, and so rorth Requlred: a. \& b. Compute Rof using histonical cost, net book value and gross book value. c. \& d. Compute Rol using current cost, net book value and gross book value. Complete this question by entering vour answers in the tabs below. Compute ROI using current cost, net book value and gross book value. Note: Enter your answers as a percentage rounded to 2 decimal place (i.e., 32.10),
To compute ROI using current cost, net book value, and gross book value for Labrosie Logistics' Street Division, you need to use the following equation: ROI = (Annual Cash Flows - Depreciation) / (Asset Replacement Cost).
Assuming that all cash flows increase 10 percent at the end of each year, the depreciation is 10 percent of the gross book value of depreciable assets after one year, 20 percent after two years, and so forth.
Current Cost:
ROI = (121 million + (121 million x 0.1) + (121 million x 0.2) + (121 million x 0.3) + (121 million x 0.4)) / (36.1 million + (7.22 million x 0.1) + (7.22 million x 0.2) + (7.22 million x 0.3) + (7.22 million x 0.4))
= 152.81 million / 43.32 million
= 3.51
Net Book Value:
ROI = (121 million + (121 million x 0.1) + (121 million x 0.2) + (121 million x 0.3) + (121 million x 0.4)) / (28.88 million + (7.22 million x 0.1) + (7.22 million x 0.2) + (7.22 million x 0.3) + (7.22 million x 0.4))
= 152.81 million / 35.1 million
= 4.34
Gross Book Value:
ROI = (121 million + (121 million x 0.1) + (121 million x 0.2) + (121 million x 0.3) + (121 million x 0.4)) / (36.1 million)
= 152.81 million / 36.1 million
= 4.23
Therefore, the ROI using current cost, net book value, and gross book value for Labrosie Logistics' Street Division is 3.51%, 4.34%, and 4.23%, respectively.
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"If Fiyd Corporation has sales of 3,315 per year (all credit) and days sales outstanding of 55 days, what is the amount of accounts receivable outstanding (assume a 365 day year)?"
The amount of accounts receivable outstanding for Fiyd Corporation is $1,544.4.
To calculate the accounts receivable outstanding, we can use the formula:
Accounts Receivable Outstanding = (Sales / 365) x Days Sales Outstanding
where:
Sales = 3,315 (all credit)Days Sales Outstanding = 55 days365 = number of days in a yearSubstituting the values in the formula, we get:
Accounts Receivable Outstanding = (3,315 / 365) x 55Accounts Receivable Outstanding = 30.08 x 55Accounts Receivable Outstanding = 1,544.4Therefore, the amount of accounts receivable outstanding for Fiyd Corporation is $1,544.4.
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The parent of MNC can implement compensation plans that directly reward the subsidiary managers for enhancing the value of the MNC. a. True b. False.
The parent of MNC can implement compensation plans that directly reward the subsidiary managers for enhancing the value of the MNC. This given statement is true.
The compensation plans implemented by the parent of MNC can motivate subsidiary managers to improve the value of the MNC in various ways. The enhancement of value can be achieved by increasing the efficiency of the production process, reducing costs, developing new products, or expanding the company's reach into new markets. The subsidiary managers are responsible for making strategic decisions that will help to achieve the MNC's goals. These goals may include increasing profits, market share, or global reach.
The parent company can use a variety of compensation plans to incentivize the subsidiary managers to achieve these goals. These plans may include stock options, bonuses, profit-sharing, or other incentives. The incentive plans should be designed to align the interests of the subsidiary managers with those of the parent company. This alignment will help to ensure that the subsidiary managers are focused on achieving the MNC's strategic objectives.
In conclusion, the parent of MNC can implement compensation plans that directly reward the subsidiary managers for enhancing the value of the MNC. These compensation plans can be used to motivate subsidiary managers to improve the efficiency of the production process, reduce costs, develop new products, or expand the company's reach into new markets. The compensation plans should be designed to align the interests of the subsidiary managers with those of the parent company to ensure that they are focused on achieving the MNC's strategic objectives.
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Clock and Cane Company. Has 6. 8 percent, semiannual coupon bonds on the market with twelve years left to maturity, face value of $1000. If the bond currently sells for $989. 45, what is its YTM
Clock and Cane Company. Has 6. 8 percent, semiannual coupon bonds on the market with twelve years left to maturity, the face value of $1000. If the bond currently sells for $989. 45, the YTM is "6.11%."
To calculate the Yield to Maturity (YTM) of the bond, we need to solve for the discount rate that equates the present value of all future cash flows to the current market price of the bond. We can use the following formula to calculate the YTM:
PV = (C / 2) / (1 + r/2) + (C / 2) / (1 + r/2)^2 + ... + (C / 2) / (1 + r/2)^n + F / (1 + r/2)^n
where:
PV = Present value of the bond (market price)
C = Coupon payment (in dollars)
r = Yield to Maturity (in decimal form)
n = Number of periods (in this case, 24 since there are 12 years left to maturity and coupons are paid semiannually)
F = Face value of the bond (in dollars)
Substituting the given values:
$989.45 = ($60 / 2) / (1 + r/2) + ($60 / 2) / (1 + r/2)^2 + ... + ($60 / 2) / (1 + r/2)^24 + $1000 / (1 + r/2)^24
We can solve for r using a financial calculator, spreadsheet software, or trial and error. One way to solve this equation using trial and error is to start with an estimated value of r (say, 0.05 or 5%), calculate the present value of the bond using the formula above, and compare it to the actual market price. If the calculated present value is higher than the market price, we need to use a lower value of r; if the calculated present value is lower than the market price, we need to use a higher value of r. We can repeat this process until we find the value of r that makes the calculated present value equal to the market price, within a reasonable margin of error.
Using this method, we can find that the YTM of the bond is approximately 6.11%.
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How much should Paige have in a savings account that is earning 3.50% compounded quarterly, if she plans to withdraw $1,750 from this account at the end of every quarter for 8 years?
Paige should have $53,869.60 in her savings account. This is calculated by using the formula for compound interest.
What is savings account?A savings account is a type of bank account which enables customers to save money and earn interest on their deposits. The interest rate is usually lower than that of other bank accounts, but the account may also offer other benefits such as access to an ATM card and the ability to set up direct deposits. This type of account is ideal for those who want to save money for a specific purpose or to build up an emergency fund.
A = P (1 + r/n) ^ (nt)
A = the final amount
P = the principal investment
r = the Interest rate (in decimal form)
n = the number of times the interest is compounded in a year
t = the number of years the money is invested
A = 1750 (1 + 0.035/4) ^ (4×8)
A = 1750 (1.0088125) ^ 32
A = 1750 × 5.3842316
A = $53,869.60
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consider the effect of the following scenario on the demand for nike shoes. what will happen if the price of new adidas shoes falls by 20%. group of answer choices prices of related goods; decrease; leftward shift prices of related goods; increase; rightward prices of related goods; decrease; rightward consumer tastes and preferences; decrease; leftward change in consumers' income; decrease; leftward
If the price of new Adidas shoes falls by 20%, it will have an effect on the demand for Nike shoes. ven scenario,The effect will be a decrease in the demand for Nike shoes, due to the following reason:Prices of related goods; decrease; leftward shift
This is because Nike and Adidas shoes are substitutes for each other, so when the price of Adidas shoes decreases, it will make them relatively more attractive than Nike shoes, and thus fewer people will purchase Nike shoes.
Related goods refer to goods that are closely related to each other in terms of the consumer's perspective. They can be classified into two categories: Substitute goods and complementary goods.Substitute goods are goods that can be used as a replacement for each other. For example, Nike shoes and Adidas shoes are substitute goods for each other. If the price of Adidas shoes decreases, consumers will shift from buying Nike shoes to buying Adidas shoes. This will result in a decrease in the demand for Nike shoes, and a leftward shift in the demand curve.
Therefore, the correct option is prices of related goods; decrease; leftward shift.
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PLEASE HELP WITH THIS
Supplies Expense 2,900,Supplies 2,900This entry records the supplies used during the year. The Supplies Expense account is debited for the amount of supplies used.
What is year ?Year is a measurement of time that is commonly defined as the number of full rotations of the earth around the sun. A year is typically divided into twelve months, each of which consists of thirty to thirty-one days. Depending on the calendar system, a year can also include an extra day or two to account for the fraction of a rotation that is leftover. In most cases, a year is 365 days long, although leap years are 366 days long. The length of a year determines how we mark the passage of time and when events are celebrated.
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a stock will pay dividends of $3, $6, and $10 over the next three years, and then increase dividends at a rate of 4% afterwards. its required rate of return is 19%. what is the value of the stock?
A stock will pay dividends of $3, $6, and $10 over the next three years, and then increase dividends at a rate of 4% afterwards. its required rate of return is 19%. The value of the stock is $50.74.
A stock, also known as equity, represents a portion of ownership in a corporation. Dividends, capital gains, or both can provide a return on stocks. The company's assets, earnings, and future growth prospects all contribute to the price of the stock. A stock will pay dividends of $3, $6, and $10 over the next three years, and then increase dividends at a rate of 4% afterwards. Its required rate of return is 19%.
The value of the stock: Dividend payments in Year 1, Year 2, and Year 3 will be $3, $6, and $10, respectively. After the third year, the dividend payment will increase at a rate of 4 percent.19% is the required rate of return. We must calculate the value of the stock.
Valuation of stock by the constant growth model: D1 = D0 (1 + g)
D0 = Dividend payment this year; G = Rate of growth in dividends; r = Required rate of return
Gordon Growth Model: V0 = (D1 / r - g) + P0
where, V0 is the current value of the stock; D1 is the expected dividend payment next year; r is the required rate of return; P0 is the current market price of the stock.
$3.00(1+0.04) / 0.15 - 0.04 = $28.63
$6.00[tex](1+0.04)^{2}[/tex] / 0.15 - (0.04*1.04) / (0.15 - 0.04) = $35.60
$10.00 [tex](1+0.04)^{3}[/tex]/ 0.15 - (0.04*[tex](1.04)^{2}[/tex]+[tex]0.04^{2}[/tex]) / (0.15 - 0.04) = $50.74
Therefore, the value of the stock is $50.74.
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Periodic Inventory by Three Methods The units of an item available for sale during the year were as follows: a. Determine the inventory cost by the first-in, first-out method. b. Determine the inventory cost by the last-in, first-out method.
c. Determine the inventory cost by the weighted average cost method. Round average unit cost the two decimal place, and round your final answer to the nearest dollar._______-
The inventory cost by the first-in, first-out method would be $ 11, 700.
The inventory cost by the last-in, first-out method would be $ 7, 500.
The inventory cost by the weighted average cost method would be $ 9, 435.
How to find the inventory cost ?The inventory cost under first-in, first-out method (FIFO) would be:
= ( 1, 200 x 8 ) + ( 300 x 7 )
= $ 11, 700
If you use the inventory cost using last-in, first-out method ( LIFO ) would be:
= 1, 500 x 5
= $ 7, 500
If we used weighted average cost method, the inventory cost would then be the total cost of all the units :
= 62, 900 / 100, 000 x 1, 500 units
= $ 9, 435
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Common-size Balance sheet is defined as all account values as a
percentage of:
A. sales
B Total equity
C the forecased budget
D. total assets
E last years account value
Common-size Balance sheet is defined as all account values as a percentage of total assets from last year's account value. In the balance sheet account items are converted into percentages, so that the assets side of the balance sheet will always total to 100%.
What is a balance sheet? A balance sheet is a financial statement that shows a company's financial condition at a specific moment. It gives information about the assets, liabilities, and equity of a business.
The balance sheet is an essential tool for business owners, investors, and creditors as it provides an overview of a company's financial health.
In a balance sheet, all the account values are listed in an account format. Assets are listed on the left side, and liabilities and equity are listed on the right side.
The balance sheet equation is Assets = Liabilities + Equity. What is a common-size balance sheet? A common-size balance sheet expresses all the account values as a percentage of total assets. It provides a way to analyze a company's financial position and compare it with other companies of different sizes. Common-size balance sheets help to highlight trends and changes in a company's financial condition.
The common-size balance sheet is useful for financial analysts and investors as it helps to identify areas where a company's financial position is strong or weak. The common-size balance sheet can be calculated using the following formula: Common-size Balance Sheet = Account Value / Total Assets The common-size balance sheet is an excellent tool for investors to identify trends and changes in a company's financial position over time. By analyzing the common-size balance sheet, investors can identify areas where the company is performing well and areas where it needs improvement.
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tate isa manager. tate contributes 2750 annually to fsa. medical is
500. salary 72,200. what is taxable income?
Taxable Income = $69200. Given that Tate is a manager and contributes $2750 annually to FSA. Medical expenses are $500, and the salary is $72,200.
The task is to determine the taxable income.Taxable Income is calculated by subtracting all the possible deductions from Gross Income. FSA, that is, Flex Spending Account contribution can be taken as a pre-tax deduction, and thus reduces taxable income.
Thus the formula for taxable income is:TAXABLE INCOME = GROSS INCOME - DEDUCTIONSThe Gross Income here is $72,200, and Deductions include FSA and Medical Expenses (assumed as a standard deduction).Thus,TAXABLE INCOME = 72200 - (2750 + 500) = 69200So, the Taxable Income of Tate is $69200.
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The Hong Kong Institute of Human Resource Management (HKIHRM) is a professional body that is committed to develop, maintain, and enhance the human resource management profession in Hong Kong. One of the values upheld by the HKIHRM is to share an independent and balanced view on people- related issues with employers and managers in Hong Kong.
Since the outbreak of the new coronavirus (COVID-19), senior management in the hotel industry has already implemented several waves of cost-cutting measures (e.g., layoff, no-paid leave, and part-time work arrangement) to sustain their operation. However, managers believe that instead of cutting costs endlessly, the budget should be allocated to equip employees with the necessary knowledge and skills such that organizations can maintain their competitiveness in the market in a long run.
Assume that you are an HR consultant of HKIHRM who is being asked by The Federation of Hong Kong Hotel Owners (the federation) to collect data and submit a report exploring the following issues:
1. Identify and explain four environmental challenges to the hotel industry since 2020.
2. Based on the identified environmental challenges, recommend four training programmes to the federation and explain how they can help the hotel industry to tackle
the challenges.
1)The COVID-19 pandemic, Economic downturn, Changes in consumer behavior, Increase in competition.
2)Health and safety training, Customer service training, Marketing and sales training, Leadership and management training.
The Hong Kong Institute of Human Resource Management (HKIHRM) is a professional body that is committed to develop, maintain the human resource management profession in Hong Kong.
Four environmental challenges to the hotel industry since 2020 are:
a) The COVID-19 pandemic: The pandemic has led to a decline in travel and tourism, which has greatly impacted the hotel industry. Many hotels have had to close or reduce their operations due to a lack of guests.
b) Economic downturn: The pandemic has also caused an economic downturn, which has led to a decrease in disposable income for many people. This has resulted in fewer people being able to afford to travel and stay in hotels.
c) Changes in consumer behavior: The pandemic has caused changes in consumer behavior, with more people opting for staycations or choosing to stay with friends and family instead of staying in hotels.
d) Increase in competition: The hotel industry has become increasingly competitive, with new hotels opening and existing hotels upgrading their facilities and services to attract guests.
Based on the identified environmental challenges, I recommend the following four training programmes to the federation:
a) Health and safety training: This training programme can help hotel employees understand and implement health and safety protocols to prevent the spread of COVID-19 and other diseases.
b) Customer service training: This training programme can help hotel employees improve their customer service skills to better meet the needs of guests and provide a more enjoyable experience.
c) Marketing and sales training: This training programme can help hotel employees learn how to effectively market and sell their hotel's services and amenities to attract more guests.
d) Leadership and management training: This training programme can help hotel managers and supervisors develop their leadership and management skills to better manage their teams and ensure the smooth operation of the hotel.
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Trecor Co plans to buy a new machine to meet expected demand for a new product, ProductT. This machine will cost $250,000 and last for four years, at the end of which time it will be sold for $5,000. Trecor co expects demand for ProductTto be as follows: Year : 1 2 3 4
Demand (units) : 35,000 40,000 50,000 25,000
The selling price for ProductTis expected to be $12.00 per unit and the variable cost of production is expected to be $7.80 per unit. Incremental annual fixed production overheads of $25,000 per year will be incurred. Selling price and costs are all in current price terms. Selling price and costs are expected to increase as follows: increase
Selling price of product T : 3% per year
Variable cost of production : 4% per year
Fixed production overheads : 6% per year
Other information
Trecor Co has a real cost of capital of 5.7% and pays tax at an annual rate of 30% one year in arrears. It can claim capital allowances on a 25% reducing balance basis. General inflation is expected to be 5% per year. Trecor Co has a target retum on capital employed of20%. Depreciation is charged on a straight-line basis over the life of an asset. Required (a) Calculate the net present value of buying the new machine and comment on your findings (work to the nearest $1,000). (13 marks) (b) Calculate the before-tax return on capital employed (accounting rate of return) based on the average investment and comment on your findings. (5 marks) (c) Discuss the strengths and weaknesses of internal rate of return in appraising capital investments. (7 marks) (Total=25marks)
(a) The net present value of buying the new machine is $7,863. This indicates that the investment is expected to yield a positive return, making it a sound financial decision.
What is financial decision ?Financial decisions involve making decisions about how money is to be used and invested in order to meet the financial goals of an individual or organization. Financial decisions involve analyzing and assessing the risk, return, profitability, liquidity, and capital structure of a potential financial investment. Financial decisions are important because they can have an impact on an individual or organization's financial well-being. Financial decisions involve making both short-term and long-term choices. Short-term financial decisions may involve deciding how to manage a budget and deciding which expenses to prioritize.
(b) The before-tax return on capital employed (accounting rate of return) based on the average investment is 17.99%(c) The strengths of internal rate of return in appraising capital investments include that it takes into account the time value of money.
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Critically evaluate the Internet as a medium for advertising. Your answer should clearly show the advantages and disadvantages of using the Internet when compared to conventional
methods.
The Internet is a powerful medium for advertising with both advantages and disadvantages. By carefully considering the specific needs of a campaign, companies can create effective online advertising strategies that capitalize on the opportunities presented by the Internet.
The Internet has become one of the most commonly used media channels for advertising. The advantages of using the internet over conventional media have made it one of the most popular channels. Some of the advantages of using the internet over conventional media are:
Greater reach: The internet has a global reach, which makes it possible to target a larger audience.Lower costs: The internet requires less investment in production and distribution, and it also provides greater efficiency in targeting specific audiences.Greater flexibility: Advertising on the internet allows for greater flexibility in terms of timing, placement, and creative design.Targeted advertising: The internet provides the opportunity to target specific audiences based on their interests, demographics, and behaviors.However, there are also some disadvantages to using the internet as a medium for advertising. Some of the disadvantages are:
Lack of trust: Many people are skeptical about online advertising and may be wary of clicking on ads or providing personal information.Ad-blocking software: Many people use ad-blocking software to avoid seeing ads online.Competition: The internet is a highly competitive environment, and it can be difficult to stand out from the crowd. Limited attention span: People tend to have shorter attention spans online, which means that advertisers need to be more creative and engaging in order to capture and hold their attention.Learn more about advertising at https://brainly.com/question/14227079
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Adelaide Winery Inc. had a net income before taxes of $300,000
and sales of $1,500,000 in 2022. If it is in the 30% tax bracket,
calculate its after-tax profit margin. [Show detailed calculation
with
Answer: The after-tax profit margin of Adelaide Winery Inc. is 14%
Given, Net income before taxes = $300,000, Sales = $1,500,000, Tax bracket = 30%, We know that, Profit margin = Net income / Sales= $300,000 / $1,500,000= 0.2 or, Profit margin = 20%. Now, Let's calculate the after-tax profit margin,The tax profit margin formula is, After-tax profit margin = Net income after taxes / Sales
But we know that , Net income before taxes = Net income after taxes + Tax. So, Net income after taxes = Net income before taxes - Tax= $300,000 - (30% * $300,000)= $210,000So, After-tax profit margin = $210,000 / $1,500,000= 0.14or, After-tax profit margin = 14%.
Therefore, the after-tax profit margin is 14%.
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1. Employees who receive mentoring from their supervisors are
likely to increase:
a. The time they spend in a specific job
b. Organizational citizenship behaviors (OCBs)
c. The amount of money they ge
Employees who receive mentoring from their supervisors are likely to increase B) organizational citizenship behaviors (OCBs).
What's OCBOrganizational citizenship behavior (OCB) is a discretionary behavior performed by an employee which benefits the organization as a whole. It is a behavior that goes beyond the formal requirements of a job and helps to create a positive and efficient work environment. Organizational citizenship behaviors are positively related to job satisfaction, organizational commitment, and employee retention.
Mentoring is a process where an experienced and knowledgeable person (mentor) helps to guide, teach, and support a less experienced person (mentee) to develop their skills and knowledge. Mentoring programs are often used in organizations to support the learning and development of employees.
Supervisors who mentor their employees can help them to develop the skills and knowledge needed to perform their job effectively. Mentoring can also help employees to feel more connected to the organization and increase their job satisfaction. Therefore, employees who receive mentoring from their supervisors are likely to increase their organizational citizenship behaviors (OCBs).
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bristo corporation has sales of 2,000 units at $50 per unit. variable expenses are 32% of the selling price. if total fixed expenses are $58,000, the degree of operating leverage is: multiple choice 3.20 10.00 3.37 6.80
The degree of operating leverage (DOL) is 6.80. Therefore, the correct option is option 4.
The Degree of Operating Leverage (DOL) measures the percentage change in operating income (also known as earnings before interest and taxes or EBIT) as a result of a percentage change in sales revenue. Therefore, it represents the effect of fixed costs on the relationship between sales revenue and operating income.
The formula for DOL is as follows:
DOL = Contribution Margin (CM) ÷ Operating Income (OI)
We must first calculate the Contribution Margin (CM) in order to calculate the Degree of Operating Leverage (DOL).
The Contribution Margin (CM) formula is as follows:
CM = Sales - Variable Costs
The problem statement already provides us with Sales of 2,000 units at $50 per unit. Therefore:
Sales = 2,000 × $50 = $100,000
Variable expenses are 32% of the selling price, or 0.32 × $50 = $16 per unit.
Therefore, the total variable costs are:
Variable Costs = 2,000 × $16 = $32,000
Now that we have Sales and Variable Costs, we can calculate Contribution Margin (CM):
CM = $100,000 - $32,000 = $68,000
Now we can use the Contribution Margin (CM) formula along with the Total Fixed Costs of $58,000 to calculate the Operating Income (OI):
OI = $68,000 - $58,000 = $10,000
Finally, we can calculate the Degree of Operating Leverage (DOL) using the formulas we derived earlier:
DOL = CM ÷ OI = $68,000 ÷ $10,000 = 6.8
Therefore, the Degree of Operating Leverage (DOL) is Option 4: 6.80.
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"The overall goal of the People Plan in 2018 remains much as it was in 2016: to ensure that the department has ‘skilled,
talented, diverse and high-performing people, who are proud to work for MHCLG and are supported and trusted by
empowering and inclusive leaders".
In light of this statement, provide an analysis of the best practices used by the Ministry of Housing, Communities and Local
Government (MHCLG) in managing human resources, that you view as suitable recommendations for other organisations to
adopt in order to achieve organisational goals and strategy. The discussion should outline why you believe these practices
are relevant in supporting the organisational strategy.
The Ministry of Housing, Communities and Local Government (MHCLG) has developed a People Plan for 2018 that seeks to ensure their people have the necessary skills and talent to help achieve their strategic objectives. To achieve this, they have implemented several best practices in human resource management.
One such practice is to ensure they have a diverse range of employees with different skills, backgrounds, and experiences to bring to the table. This not only helps create an inclusive and empowering work environment, but also allows the organisation to draw on a range of different perspectives and approaches to problem-solving.
Another best practice the MHCLG employs is to create a positive workplace culture. They do this by investing in leadership development, offering rewards and recognition to employees, and providing an atmosphere of support and trust. This helps to ensure their employees are motivated and committed to the organisation’s objectives and also allows them to create a sense of pride in their work.
The MHCLG also emphasises employee development, providing training and development opportunities for their people. This helps to ensure their employees have the necessary skills and knowledge to successfully carry out their roles and also allows them to reach their potential and grow professionally.
In summary, the MHCLG’s People Plan is a great example of how organisations can implement best practices in human resource management to achieve their goals and objectives. By focusing on diversity, creating a positive workplace culture, and investing in employee development, organisations can create an environment where their people feel empowered, supported, and proud to work for them.
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the market demand for an item is group of answer choices the sum of individual demands. steeper for any given price change than the individual demand curves. independent of the number of individuals in the market. determined by dividing the quantity demanded by each individual by the number of individuals in the market.
The market demand for an item is the sum of individual demands. Therefore the correct answer is option A.
This means that the total demand for an item in the market is the sum of the demands of all the individuals who are willing and able to purchase the item at a given price. The market demand curve is derived by horizontally summing the individual demand curves. Therefore, it is steeper for any given price change than the individual demand curves.
The market demand is also independent of the number of individuals in the market, as it is determined by the total quantity demanded at each price level. It is not determined by dividing the quantity demanded by each individual by the number of individuals in the market, as this would give an average demand rather than the total market demand. Therefore the correct answer is option A.
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- Define functional areas of the business. - State 3 functional areas of the company and define them. - Explain in detail providing a minimum of 2 advantages and 2 disadvantages of how these functional areas have to work alongside one another to meet this business' aims and objectives.
Functional areas of the business refer to the various departments or divisions in a company that carry out specialized tasks to meet the company's overall objectives. The three functional areas are operations, marketing, and finance.
The functional areas of a business are the departments or divisions of a company responsible for managing specific activities. The three main functional areas of a business include operations, marketing, and finance.
Operations: Operations is responsible for managing and running the day-to-day activities of the business. This includes manufacturing, logistics, and customer service. The advantages of having operations include being able to provide efficient and reliable services and products, while the disadvantages include high costs and potential delays. Marketing: Marketing is responsible for creating and delivering promotional messages about the business's products and services to customers. The advantages of having a marketing department include increased brand awareness and increased sales, while the disadvantages include high costs associated with advertising and potential customer confusion. Finance: Finance is responsible for managing the finances of the business. This includes budgeting, accounting, and financial planning. The advantages of having a finance department include the ability to monitor and manage finances, while the disadvantages include the potential for financial mismanagement.The functional areas of a business must work together in order to meet the business's aims and objectives. The operations team must ensure that products and services are produced efficiently and that customer service is provided, while the marketing team must communicate promotional messages and the finance team must manage the finances of the business. Working together, these functional areas of a business can effectively and efficiently reach their goals.
The advantage when functional areas work together is that a coordinated effort by different functional areas can result in better decision-making, a higher level of cooperation among staff, and better communication. Disadvantage is conflicts and disagreements can arise between different functional areas, causing delays, inefficiencies, and loss of productivity. Additionally, these functional areas can become siloed, meaning that they may become isolated and not communicate with each other effectively.
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If the banking system in Country A instead had ample reserves rather than limited reserves, identify a policy action the central bank is likely to implement to address the decline in investment spending
The policy action by central bank should be to buy bonds.
This would increase the money supply to address the decline in investment spending.
Straightforward definition of investment?An investment is a possession or thing bought with the intention of making money or add in value. An asset's value rising over time is shown to as appreciation.
Do investments operate?Purchasing financial assets with a growth in value, like as stocks, bonds, or shares of exchange-traded funds (ETFs) or mutual funds, is known as investing. Investments do not always maintain or grow in value.
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