Companies, called Auction Consignment Services take an item and create an online auction for that item, handle the transaction, and remit the balance of the proceeds after deducting a fee.
Consignment is an agreement in which goods are left to an authorized third party to sell. Goods sold in this way are said to be "consigned" to a third party for sale. Items sold on consignment are usually sold by consignment stores, which receive a percentage of the sales revenue in the form of a commission.
Consignment transactions are made on a wide variety of products, such as artwork, clothing and accessories, and books. Some types of retailing can be thought of as a specific form of consignment where producers rely on retail stores to sell their products to consumers, although thrift stores and Savings goods are often associated with consignment activities.
Consignment agreements, however, will not cover retailers such as Walmart or most supermarkets, who purchase goods directly from wholesalers and then sell their items at prices higher.
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Describe the effect on demand curves for office visits to a physician when the patient pays a flat amount, for example, $25, per doctor visit
A kind of copayment is indemnity insurance. A predetermined sum is given to the participant in this plan for each individual medical treatment that is received. The insurance policy has a clause that establishes the payment schedule in its entirety.
A hospital-employed doctor may be made to sign an indemnity agreement that absolves the hospital of any culpability if a patient is injured. The doctor will cover the hospital's legal expenses if it's sued because of his actions. The hospital won't be sued. To safeguard against being sued by a patient, a doctor may need malpractice insurance, a kind of indemnity insurance.
In the absence of health insurance that covers medical expenses, Q1 on the figure below indicates the total number of visits to the doctor. However, if the client's health insurance policy guarantees payment of $25 each time that treatment is used, the client's demand curve will move to the right by $25 for each practicable amount of the service consumed. As a result, Q2 is the number of medical services used at $25 per unit under the indemnity plan.
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Developing a _______ can help a manager identify and define the markets in which the firm wants to compete
Developing a specific set of qualitative and quantitative criteria can help a manager identify and define the markets in which the firm wants to compete.
Market segmentation, at its core, is the strategy of breaking your target market into digestible segments. Market segmentation divides a market into subsets based on demographics, requirements, goals, similar interests, and other psychographic or behavioral characteristics that help the target audience be better understood.
Understanding your market segmentation allows you to use this targeting in your product, sales, and marketing initiatives. Market segmentation can fuel your product development cycles by informing how you generate product offers for distinct groups such as men vs. women or high vs. low income.
Hence, the answer is a specific set of qualitative and quantitative criteria.
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. suppose you invest $3500 today and receive $9500 in five years. a. what is the irr of this opportunity?
The IRR of this opportunity is 22.1043%
=(Future Value/Present Value)^(1/t)-1
=(9500/3500)^(1/5)-1
=22.1043%
If the IRR of funding is better than its opportunity cost of capital, the funding has a fine NPV. It "creates cost". It's far well worth considering. However, if the IRR of an investment is decrease than its opportunity cost of capital, the investment represents price destruction, and ought to be discarded.
Broken down, every duration's after-tax cash waft at time t is discounted via a few charge, r. The sum of a majority of these discounted cash flows is then offset by means of the preliminary investment, which equals the current NPV. To locate the IRR, you would want to "opposite engineer" what r is needed so that the NPV equals 0.
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Briefly summarize how project management knowledge areas can be applied to building the gaza pyramid project.
The project management body of knowledge is known as PMBOK. The Project Management Institute has developed and regularly updates this list of accepted terms and principles for project management (PMI).
This is known as project management , which also covers such core plans as creating a project charter that is produced during the beginning phase. It is this document that establishes the project's parameters and names the project manager.
The project management plan, which is created as a roadmap for the project to follow in order to succeed, is another facet of this subject. The project plan is prepared, approved by stakeholders and/or sponsors, and then monitored and tracked as the project advances through a change log. The project management of these project plans can be aided by the use of project management software, such as Project Manager.
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Title insurance companies when preparing legal documents for a real estate closing do so as a(n)?
Title insurance companies when preparing legal documents for a real estate closing do so as a broker's scrivener.
What is Title insurance?
Indemnity insurance is known as "title insurance" and protects against financial loss resulting from flaws in the title to real estate and the invalidity or unenforceability of mortgage loans.
It is most common in the United States and Canada. The recorders of deeds in US states typically do not guarantee indefeasible title to such recorded titles, unlike other land registration systems in other nations.
About the insurance coverage offered by the policy, title insurance will either defend against a lawsuit that challenges the title or pay the insured for any actual financial losses up to that amount.
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In 25 words or fewer, explain why the place variable is more likely a concern of a producer of goods than a provider of services.
The place variable is more likely a concern of a producer of goods than a provider of services, as the people want the right quality at the right place for consumption.
Who is a producer?
A producer can be defined as the person who produces the goods and is supplied to others for consumption or further processing.
As different people are situated in different locality or regions. This defect that the face variable is important as if the demand is in a different region, but the product is being produced and supplied in another region, then it won't be fulfilling the demand and supply variable of the market.
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How+much+would+$10,000+due+in+50+years+be+worth+today+if+the+discount+rate+were+7.5%?
$10,000 due in 50 years be worth today if the discount rate were 7.5% will be $186.04
How to find the inflation rate?
To calculate the discounted rate after 50 years, we will use the following formula:
[tex]FV=PV(1+r)n\\10000=PV(1+0.075)50\\10000=(1.075)50PV\\PV=\frac{10000}{53.75} \\PV=186.04[/tex]
Here,
PV = Present value
FV = Final value
r = rate of discount
n = the time period
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Physical location of the business is a factor which should influence the type of ownership chosen. True or false?.
Physical location of the business may be a factor which should influence the type of ownership chosen. false
What is business environment and its factors?
Definition of Business Environment is sum or collection of all internal and external factors like employees, customers needs and expectations, supply and demand, management, clients, suppliers, owners, activities by government, innovation in technology, social trends, market trends, economic changes, etc.
What is the most important factor in business?
Most business have the merchandise thing covered, delivering an honest enough product or service to be successful. From countless research results, Marketing and Sales and Money is that the small business biggest challenge. But the One key factor liable for most success and failure is Money management.
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Utah bank's bid price for canadian dollars is $0.7976 and its ask price is $0.8110. what is the bid/ask percentage spread? round your answer to two decimal places.
Utah Bank's bid/ask spread is 1.6%
= ($0.8110 - $0.7976)/$0.8110
= 0.016 or 1.6%
In markets with discrete prices and elastic liquidity demand, the effective bid-ask spread measured relative to the spread midpoint overstates the true effective bid-ask spread. During times of increased market risk or volatility, bid-ask spreads may widen. The spreads of the underlying securities may be wider if market makers are forced to take additional measures to facilitate their trades during times of volatility, which will result in wider spreads on the ETF. The lowest offer price made by sellers who are quoting security is referred to as the best ask (best offer). The seller's lowest asking price for an asset is represented by the best ask. Half of the national best bid and offer is the best ask.
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The foundation of an integrated marketing communication program consists of a careful review of the company's _____________________.
The foundation of an integrated marketing communication program consists of a careful review of the company's image, the buyers to be served, and the markets in which the buyers are located.
One of the most important and intricate aspects of a business's marketing initiatives is marketing communication (MarCom). marketing communication may be broadly defined as all the communications and medium you use to communicate with the market. Your web presence, printed materials, PR initiatives, sales presentations, sponsorships, trade show appearances, and more are all examples of marketing communication. Marketing communication also encompasses advertising, direct marketing, branding, packaging, your online presence, and more. Marketing communications, refers to the messaging and medium that businesses employ to reach their target markets. Presentations, sponsorships, direct marketing, social marketing, and traditional advertising are a few examples of marketing communications.
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________ refers to the process of dividing organizational functions (sales, production, accounting/bookkeeping) into separate units.
The process of separating organizational functions (sales, production, accounting/bookkeeping) into distinct units is known as departmentalization.
The practice of organizing activities into departments is referred to as departmentalization (or departmentalization). Specialists are produced by the division of labor, who require coordination. The organization of specialists into departments makes this coordination easier.
What is departmentalization?
An organizational structure known as departmentalization divides employees into groups or departments according to a specific set of standards. These divisions cooperate to carry out responsibilities under the direction of their own leadership. There may be collaboration between various departments on large or complex projects.Business leaders might divide teams into functional departments based on the areas of expertise of the specialists on each team.Process departmentalization is nothing more than a method of carrying out a process by grouping related operations into distinct groups and categorizing them. These groups have developed specific methods for carrying out particular tasks. Each activity stands apart from the others.To learn more about departmentalization visit:https://brainly.com/question/25823018
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Over the past year, how often did franklin aerospace sell and replace its inventory?
Franklin aerospace sell and replace its inventory approximately 27.40 times.
The quick Ratios formula is as follows:
Quick ratio = [tex]\frac{CA - inventory - Prepaid Expenses}{Current Liabilities}[/tex]
where CA stands for Current Assets.
An increase in the quick ratio over time usually indicates that the company's liquidity position is strengthening and that its short-term assets are well managed.
Total Current Assets - Cash - Accounts Receivables = Inventory
Inventory = 73,000 - 32850 - 18250
= $21900
Goods turnover is used to determine how frequently a company utilizes and sells inventory over a specific time period.
A high inventory turnover ratio indicates how quickly merchandise is sold. As a result, the larger the ratio, the better it is for a company.
Now using the inventory turnover ratio formula:
Inventory Turnover Ratio = Net Sales /Average Stock
= 600,000/21,900
= 27.40 times approximately
Hence, the answer is 27.40 times.
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The difference between consumer sales promotion methods and trade sales promotion methods is:________
Consumer sales promotions focus on getting consumers to buy their products, while trade sales promotions focus on getting wholesalers and retailers to buy.
Consumer sales promotion is a marketing technique that is used to entice customers to purchase a product.
Some of the consumer sales promotion types include;
Coupons, contests, samples, and premiums are among the types of sales promotions aimed at consumers.
Trade sales promotion is a marketing strategy directed at resellers. It involves offering incentives to encourage them to purchase.
Some of the trade sales promotion types include;
Trade shows, sales contests, trade allowances, and push money aimed at wholesalers and retailers
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What is the present value of $2,725 per year, at a discount rate of 10 percent, if the first payment is received 8 years from now and the last payment is received 21 years from now?
discount rate assuming 1200 units of weekly demand
45 weeks make up a year.
Weekly demand divided by the number of weeks in a year (1200 x 45) equals annual demand (D).
Cost of ordering (C) = $55
Holding costs (H) equal 25% of the purchase price, or 25% of $3.20, or 0.25 times $3.20, or $0.8.
EOQ = (2DC/H) = [(2 54,000 55)/0.8] = [(5,940,000/0.8)] = [7,425,000/0.8] = 2,725 units
Answer: D (2,725 units)
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Which type of extranet will allow businesses within an industry to share information or integrate shared business processes?
Value added network type of extranet will allow businesses within an industry to share information or integrate shared business processes.
A private, hosted service called a value-added network (VAN) gives businesses a safe way to send and share data with their counterparties. In order to facilitate electronic data interchange (EDI) between businesses, value-added networks were frequently used.
A value-added network is a hosted service that facilitates the exchange of standards based on confidential information by business partners using common business procedures. Value-added network services are the name of the provided service.
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Beginning work in process inventory $ 30,000 total manufacturing costs added to production $ 200,000 ending work in process inventory $ 52,000 what is the cost of goods manufactured?
Beginning work in process inventory $ 30,000 total manufacturing costs added to production $ 200,000 ending work in process inventory $ 52,000 and $135,000 is cost of goods manufactured
Inventory at a manufacturing company includes raw materials utilised in production, as well as semi-finished goods stored in warehouses or on factory floors, in addition to the finished product that has been manufactured and is available for sale.
An illustration would be a manufacturer of cookies. The inventory would consist of the packets of cookies that are ready to sell, the semi-finished stock of cookies that haven't been cooled or packaged yet, the cookies set aside for quality control, and raw materials like sugar, milk, and flour.
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A ____ is a counting number greater than 1 that is not prime. this number has factors other than 1 and the number itself.
A composite number is a counting number greater than 1 that is not prime. this number has factors other than 1 and the number itself.
A composite number is a fine integer. which isn't always high (i.e., which has elements other than 1 and itself). the first few composite numbers (on occasion known as "composites" for quick) are 4, 6, 8, 9, 10, 12, 14, 15, 16, ... (OEIS A002808), whose high decompositions are summarized within the following desk.
Even composite numbers are all even numbers and aren't prime. four, 6, 8, 10, 12, 14, 16, etc. are examples of even composite numbers. The smallest even composite range is 4.
A prime number is a whole number greater than 1 whose best factors are 1 and itself. A factor is a whole wide variety that may be divided frivolously into any other number.
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Xytex products just paid a dividend of $1.77 per share, and the stock currently sells for $28. if the discount rate is 12 percent, what is the dividend growth rate?
Xytex Products recently distributed a $1.77 per share dividend, and the stock is presently trading at $28. The dividend growth rate is 5.3409% annually if the discount rate is 12 percent.
Given data:
Dividend per share = $1.77
Stock price = $28
Discount rate = 12%
Dividends per share (DPS), dividend growth rate, and needed rate of return make up Gordon's dividend growth model's three inputs (RoR). The DPS growth rate is the annual percentage rate at which a corporation increases its dividend payments to its common equity shareholders. The minimum rate of return at which investors will purchase a company's stock is known as the needed rate of return.
Now we can use Gordon's dividend growth model,
Price = Dividend1/(Ke - g)
Price = Dividend0 x (1 + g)/(Ke - g)
28 = 1.77 x (1 + g)/(0.12 - g)
So, resolving the previous equation, g = 5.3409%
So, here dividend growth rate = 5.3409% p.a.
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Why is evaluating projects via the capital budgeting process is more difficult in a multinational environment?
Three factors can be used to analyze the main risk involved in budgeting for foreign capital: exchange rate volatility, political risk, and economic instability, particularly in relation to inflation. These elements have the potential to be the main roadblocks in international capital budgeting.
The process a company uses to assess potential big projects or investments is called capital budgeting. Before a project is approved or rejected, capital budgeting is necessary. Examples of such projects include the construction of a new plant or a significant investment in a third party venture.
The decision-making process related to investing in long-term projects is referred to as capital budgeting. One example of this is the capital budgeting process carried out by an organization to determine whether to keep using the current machinery or purchase new machinery to replace the old machinery.
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Having a large prestigious, well-known brand is an example of a(n) ______ for an organization. multiple choice question. weakness strength threat opportunity
Having a large prestigious, well-known brand is an example of a Strength for an organization.
Brand Strength: A company's value is its brand strength. A brand can maintain its standing if it can create a favorable price perception, share the same values as its customers, and provide the highest level of quality. This phrase frequently pertains to brand equity.
Example of a Strong Brand: Apple
Having a large prestigious, well-known brand is an example of a Strength for an organization.
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Explain how appropriate competence and capabilities contribute to a pa's qualifications to conduct a financial statement audit.
Auditors develop their competency and capabilities for performing an audit through formal education in auditing and accounting, adequate practical experience, and continuing professional education.
Auditors are professionals with the training and experience necessary to analyze financial records, verify their authenticity, and ensure that companies are adhering to tax laws. They protect businesses from fraud, draw attention to irregularities in accounting practices, and on rare occasions, they act as consultants, helping businesses find ways to increase operational effectiveness. Auditors play a range of functions within different industries. Auditors monitor the efficiency of business management by assessing financial processes. They are in charge of overseeing a company's entire financial flow and making sure that the money is properly recorded.
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Pension trust funds use the modified accrual basis of accounting.
true/ false
Pension trust funds use the modified accrual basis of accounting. The given statement is true.
According to the accrual accounting method, revenue or expenses are recorded when a transaction takes place rather than when a payment is made or received. The matching principle, which states that revenues and expenses should be recognised in the same period, is followed by this method.
When a transaction takes place or a payment is made, accountants use the accrual accounting method to record revenue and/or expenses. Sales made on credit, purchases made on credit, rent paid, electricity costs, depreciation, audit fees, and other similar items are some of the most typical examples of accrual accounting.
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A/an ________________________________ is a market assessment tool used by businesses and analysts to understand the competitive dynamics of an industry.
A will takes effect only after the testator's death. it is a(n) _________, meaning that it can be changed at any time during the maker's lifetime.
A will takes effect only after the testator's death. it is a(n) amendatory instrument meaning that it can be changed at any time during the maker's lifetime.
the amendatory instrument will be. , which means it can be changed at any time during the lifetime of the manufacturer. Witness. in writing and authenticated by two persons.
A will come into force only after the testator's death. It is a modifier, which means it can be modified at any time during the lifetime of its creator. An amendatory instrument is the transfer of title to a property, which occurs as a result of the foreclosure sale, bankruptcy, and death of the owner, or in the absence of an heir to the property. Escort is the act of transferring ownership if the owner dies, leaving no heirs.
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Households and firms in the u.s. economy interact with those in the rest of the world in the ________ market and in the market.
Households and firms in the u.s. economy interact with those in the rest of the world in the Goods markets and financial markets
What is Goods market?
Markets where businesses and households exchange goods and services are known as goods markets. Households function as buyers while businesses operate as sellers in this market. This function is the opposite of the factor market, which is the market where transactions involving production factors are made.
Economics divides things into two categories:
interim products and services
Finished products and services
Companies exchange intermediate goods and services with other businesses in order to produce additional goods and services. In the meanwhile, people buy finished products and services.
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Prior to its stock market crash, japan enjoyed strong economic growth. however, the country also faced economic risk because:________
Prior to its stock market crash, japan enjoyed strong economic growth. however, the country also faced economic risk because "its banking system was overburdened with bad loans"
What is Economic growth and risk?
Economic growth, which is defined as an increase in people's real income, indicates that the ratio of people's income to the prices of the things they may purchase is rising; as a result, goods and services are more readily available, and people experience less poverty. Define economic risk. Economic risk is the risk exposure associated with an investment made abroad as a result of shifting market conditions or the unfavorable impact of macroeconomic factors. learn more about governmental initiatives, the fall of the existing administration, and a dramatic change in the exchange rate
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An entity fails to adjust the revenue received in advance account for rent that has been earned, what effect will this have on the financial statements?
Assets will be overstated and revenues will be understated.
A company's exaggerated net income, which transfers to the balance sheet as retained earnings and, thus, increases shareholders' equity, will be the result of overstating assets or understating liabilities. Profits will be lower and the business will appear weaker than it actually is if assets are understated. The impact of understatements on an income statement would be similar. On a cash-flow statement, understating liabilities would result in an increase in cash flow whereas understating assets would result in a drop in cash flow. When an account or a figure on an account is inflated, more money than necessary is recorded on the financial statement.
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The cio of a financial datacenter creates a threat assessment matrix. Which factor helps to identify threats as they relate to specific industries?
The cio of a financial data center creates a threat assessment matrix. Relevancy helps to identify threats as they relate to specific industries.
In macroeconomics, an enterprise is a department of an economic system that produces a intently-associated set of raw materials, items, or offerings. for instance, one may check with the wooden industry or to the insurance enterprise.
Industries are typically classified by using the products and offerings they produce. for example, the pizza enterprise is made up of all manufacturers who produce and sell pizza within the market. it's miles essential to notice that for a pizza maker to belong to the pizza industry, he or she should promote the product they make in the marketplace.
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Why is transformational leadership becoming more vital to the success of a business?
Transformational leadership is that kind of leadership style that inspires positive changes in employees . Transformational leaders are enthusiastic, passionate and energetic about how to engage with their brand. These leaders help every member of the group to succeed. Transformational leadership is not only beneficial in workplaces but in other situations as well.
Transformational leadership can help companies develop leadership training programmes that can be used to teach transformational leadership skills. Some important parts of transformational leadership are acquiring communication skills such as resolving conflicts in the workplace and recognising the needs of employees.
Transformational leaders encourage, inspire and motivate employees to perform in ways that create change. This results in an engaged workforce that's empowered to innovate and help shape an organization's future success.
Therefore, transformational leadership is considered vital for success of a business.
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Ramona is preparing an economic feasibility study. she has a calculation where she takes total benefits minus total costs and divides that answer by the total costs. she is calculating ________.
Return on investment is calculated by Ramona is preparing an economic feasibility study. she has a calculation where she takes total benefits minus total costs and divides that answer by the total costs .
What is Return on investment ?
Return on investment (ROI) is a performance metric used to assess an investment's effectiveness or profitability or to compare the effectiveness of several investments. ROI aims to quantify the amount of return on a specific investment in relation to the cost of the investment.
ROI is calculated by dividing the benefit (or return) of an investment by the investment's cost. A percentage or ratio is used to represent the outcome.
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