Smith first proposed the idea that both individuals and society as a whole would gain from free commerce.
Explain about the wealth of nation?The main argument of Adam Smith's The Wealth of Nations is that society benefits when each person pursues their own self-interest. He referred to this fulfillment's driving power as the "invisible hand."
Three fundamental ideas are argued in The Wealth of Nations, and they are supported by a wealth of evidence and clear reasoning. Smith's views should be simple enough for even intellectuals to comprehend. The three individual liberties of self-interest, labour division, and trade freedom are necessary for economic success.
At the start of this book, Adam Smith doesn't spend any time getting to the point. He explains that he wants to understand why some nations are wealthier than others.
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assume that a 10 % increase in income caused the quantity demanded of apples to decrease from 10 tons to 8 tons. calculate the income elasticity of demand.
Income elasticity of demand is 0.5
The income elasticity of demand is a measure used in economics to determine how sensitive the quantity of an item or service desired is to shifts in the income level. The percentage change in quantity required is divided by the percentage change in income in order to arrive at the formula for estimating income elasticity of demand.
Income elasticity of demand = %change in quantity demanded ÷ %change in income
It is given that %change in income = 10%
%change in quantity demanded = (8-10) ÷ 10 = 20%
Thus, Income elasticity of demand = 10% / 20% = 0.5
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Which type of people are most likely to feel confident in their ability to succeed in tasks that they have set out to accomplish?.
According to Bandura's theory, people with high self-efficacy—that is, those who believe they can perform well—are more likely to view difficult tasks as something to be mastered rather than something to be avoided.
Albert Bandura's social learning theory suggests that observation and modeling play a major role in how and why people learn. Bandura's theory goes beyond the recognition that learning is the result of direct experience with the environment.
Observational learning is an important part of Bandura's theory of social learning. He also emphasized that observing and modeling any form of behavior requires four conditions: attention, retention, breeding, and motivation. Bandura's social learning theory examines how behavior is imitated by others, especially children. The importance of social learning theory can reveal new teaching methods. This helps explain how children imitate behaviors and identify and implement this hands-on learning strategy.Learn more about Bandura's theory here: https://brainly.com/question/9311395
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stacy stops at the grocery store to purchase detergent. tide is her favorite brand, but if another detergent is less expensive, she buys it. this is an example of .
If Stacy has Tide as her favorite but chooses another detergent that is less expensive, then we can refer to that as brand preference.
What is Brand Preference?Brand preference is a sort of condition in buying when a customer is loyal to a brand and will choose it if available. However, if there are other conditions that can affect his choices at the moment, another brand might be considered. This is quite different from brand insistence because, in this sort of condition, the customer remains loyal to the brand whether he or she can afford it at the moment or not.
Brand preference was displayed in the case mentioned above because Stacy was able to choose another product because the one she preferred was more expensive. If Stacy was displaying brand insistence, she would have looked for a way to augment her funds since her money was not enough for her product of choice.
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Business management software that encompasses nearly all business activities in a corporation is called ___ software.
Business management software that encompasses nearly all business activities in a corporation is called Enterprise Resource Planning (ERP) software.
Enterprise system control software program that permits an employer to apply a gadget of incorporated packages to manipulate the enterprise and automate many lower back workplace capabilities associated with technology, offerings and human resources.
The running gadget (OS) manages all the software program and hardware at the computer. It plays fundamental obligations together with file, reminiscence and system control, managing enter and output, and controlling peripheral gadgets together with disk drives and printers.
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Exports only account for a small percentage of u. S. Business for which two reasons?.
Exports only account for a small percentage of u. S. Business for the two reasons are :
Companies don't know the options. Businesses fear language, culture and currency differences. Start ups face significant challenges doing business abroad.What is export?Exports are goods and services produced in one country but delivered to buyers in another country. International trade consists of exports and imports.
Exports are essential to market democracy because they give people and businesses access to wider markets for their products. One of the most important functions of diplomatic and foreign relations between governments is to promote economic trade by encouraging exporters, which will benefit all concerned. Export-oriented companies face clear obstacles.
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fetzer company declared a $0.25 per share cash dividend. the company has 160,000 shares authorized, 152,000 shares issued, and 6,400 shares in treasury stock. the journal entry to record the payment of the dividend is:
Credit Cash $38,000; debit Common Dividends Payable $38,000.
Credit Common Dividends Payable ($36,400) and debit Retained Earnings ($36,400).
Correct: Credit Common Dividends Payable $38,000; debit Retained Earnings $38,000.
Charge Common Dividends Payable $40,000 and debit Retained Earnings $40,000.
Credit Cash $36,400; debit Common Dividends Payable $36,400.
152,000 issued shares less 6,400 treasury shares, or $0.25, equals $36,400.
What is Dividend?A dividend is a payment made by a corporation to its shareholders that is decided by the board of directors. Dividend payments are frequently made quarterly and might take the form of cash payments or stock reinvestments.
Dividends can be categorized as qualified or ordinary. Ordinary dividends are taxed as ordinary income, but qualified dividends that satisfy specific criteria are subject to capital gains tax at a lower rate.
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monica wants to sell her share of an investment to barney for $57,000 in three years. if money is worth 6% compounded semiannually, what would monica accept today?
With 6% interest compounded semiannually, the present value of Monica's share today is $40,182.75
The relation between the future value and the present value is given by:
FV = PV (1 + r)ⁿ
Where:
FV = future value
PV = present value
r = interest rate per period
n = number of periods
Since the interest is compounded semiannually ( per 6 months), hence:
n = 3 x 2 = 6
r = 6%/2 = 3% = 0.03
FV = 57,000
Plug these parameters into the formula:
57,000 = PV (1 + 0.03)⁶
PV = 57,000 / (1.03)⁶ = 40,182.75
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you complete your slideshow and share it with your team. once it is approved by your supervisor, you begin preparing to give your presentation. you consider maintaining good posture, being aware of nervous habits, and making eye contact. in addition, you think about how you will speak. what strategies can help you speak effectively? select all that apply.
In order to present the data, the effective communication strategies that could be used during speaking are to be prepared to explain the data visualization, ask your audience if they understand the data visualization, and tell your audience the conclusion that you want them to understand. (All options except C).
Effective communication refers to the process of expressing ideas, opinions, thoughts, knowledge, and data in a manner that the intended message is received and understood with purpose and clarity such that the sender and receiver both feel satisfied. Data visualization is the type of presentation illustrating data in a graphical format (such as a graph, plot, charts, or map) with the purpose of effective and clear transmission of data such that the viewers see and understand data trends and patterns.
In order to clearly present a data visualization presentation, the speaker should be prepared to explain and elaborate on the data, ensure if audience understand the data by asking and mention the conclusion that the speakers want them to understand by the data visualization.
Note: The question is incomplete as it is missing options. The options are a) Be prepared to explain the data visualization. b) Ask your audience if they understand the data visualization. c) Take no more than five seconds to explain the data visualization. d) Tell your audience the conclusion that you want them to understand.
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relative to a situation in which gasoline is not taxed, the imposition of a tax on gasoline causes the quantity of gasoline demanded to
Relative to a situation in which gasoline is not taxed, the imposition of a tax on gasoline causes the quantity of gasoline demanded to decrease and the quantity of gasoline supplied to decrease.
When a is tax imposed, accordingly inflicting the equilibrium fee and amount of commodities demanded to reduce.
While elevating the fuel line tax might growth authorities revenues, it'd handiest accomplish that on the fee of monetary growth, jobs, and own circle of relatives income. Some of those poor consequences are because of Americans' mobility needs.
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trademarks can be group of answer choices a mark under which the firm does business. a shape, color, design, sound, phrase, abbreviation by which the product is designated. a design associated with the product, using color and shape. any visual property consciously associated with the product.
Trademarks can be a shape, color, design, sound, phrase, or abbreviation by which the product is designated.
The time period trademark refers to a recognizable insignia, word, word, or symbol that denotes a selected product and legally differentiates it from all other products of its type.
A trademark exclusively identifies a product as belonging to a specific agency and acknowledges the enterprise's ownership of the emblem. logos are normally taken into consideration as a form of highbrow assets and can or may not be registered.
A trademark is an effortlessly recognizable symbol, phrase, or phrase that denotes a specific product.
It legally differentiates a product or service from all others of its type and acknowledges the source organization's possession of the emblem.
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Which law or regulation requires that public companies must maintain strong internal control systems?.
Sarbanes-oxley act is a law or regulation requires that public companies must maintain strong internal control systems.
What does Sarbanes-Oxley Act do?A federal law known as the Sarbanes-Oxley Act of 2002 set up extensive financial and auditing standards for public firms. Legislators drafted the measure to help shield the public from accounting mistakes and dishonest financial practices and shareholders, employees, and the general public.Title I of the Sarbanes-Oxley Act of 2002 creates the Public Company Accounting Oversight Board (Board) with the following responsibilities: supervising the audit of publicly traded companies that are subject to securities laws;establishing audit report standards and rules; and (3) inspecting, investigating.To learn more about Sarbanes-Oxley Act refer to:
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public television periodically runs pledge drives to raise money. only a small percentage of the people who benefit from public television are willing to pay. what do economists call the people who do not pay?
Economists call the people who do not pay as Free riders
Anyone who enjoys something without putting up any effort or paying for it is considered a free rider. Free riders, then, are people who make use of things without paying for them. A market failure known as the "free rider problem" occurs when consumers take advantage of resources, products, or services without paying for them.
In social science, the free-rider problem is the issue of how to restrict free riding and its detrimental effects in these circumstances. One such instance is the free-rider issue that arises when property rights are not clearly established and enforced.
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how does a weak currency give a country an unfair advantage in trade? multiple choice a weak currency allows citizens to consume more imports.
A country's exports become more competitive on international markets while import prices rise as a result of a weak home currency.
Why do countries devalue their currency? Contrary to popular belief, a country's greatest interests are not always served by a strong currency. A country's exports become more competitive on international markets while imports become more expensive when the domestic currency is weak. Increased export volumes and expensive imports both contribute to economic growth because customers choose domestic alternatives to imported goods. Generally speaking, a decrease in the current account deficit (or an increase in the current account surplus), increased employment, and quicker GDP growth follow an improvement in the terms of trade. The nation's capital and housing markets benefit from the stimulative monetary policies that typically lead to a weak currency, which in turn increases domestic consumption via the wealth effect.When both currencies are subject to managed exchange-rate regimes rather than market-determined floating exchange rates, this happens more frequently.Devaluation also sharply lowers a country's citizens' purchasing power abroad.To Learn more About currency Refer To:
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What is planetary migration, and how may it account for the surprising orbits of many extrasolar planets?.
Migration means the planet step by step movements toward its parent star.
Many extrasolar planets are a good deal closer to their stars than we had anticipated.
We think that it's miles viable for planets to emigrate thru their disks because of interactions with the gas within the disk. Migration can result in resonances, that can make orbits elliptical.
Planetary migration is an idea to account for the location of giant extrasolar planets discovered orbiting at very small orbital radii and may be an essential dynamical method within the evolution of protoplanetary bodies of all sizes.
Migration manner the planet steadily moves toward its figure megastar. Many extrasolar planets are a great deal in the direction of their stars than we had anticipated.
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true or false: under the all-events test, a business may not recognize a deduction for an expense until the underlying activity generating the associated liability has occurred.
False. According to the all-events test, a company cannot deduct an expense before the underlying activity that created the corresponding obligation has taken place.
The operating costs incurred by a business in order to produce revenue are referred to as expenses. It can be summed up by saying that the price one must pay to acquire something. "It costs money to make money," as the saying goes.
Paying suppliers, paying employees' wages, leasing factories, and depreciating equipment are all common costs. The Internal Revenue Service (IRS) sets rigorous guidelines on which expenses firms are allowed to claim as a deduction. Business are permitted to deduct tax-deductible expenses on their income tax returns in order to reduce their taxable income and, consequently, their tax burden.
The operating costs incurred by a business in order to produce revenue are referred to as expenses. When filing their income tax returns, businesses can deduct some expenses as tax-deductible if they meet certain requirements.
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suppose that productivity increases as workers' health improves. this increase in productivity will:
This increase in productivity will shift the short-run aggregate supply to the right.
The short-run aggregate supply curve (AS) will change from AS1 to AS2 to the right as worker health improves (see the attached file).
A change in the AS curve to the right, for instance, will result in a rise in real national income (y) moving from Y1 to Y2, as well as a decrease in the price level (PL) from PL1 to PL2, which will cause equilibrium (E) to move from e1 to e2 (see the attached file).
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Customers arrive at a movie theater at the advertised movie time only to find that they have to sit through several previews and prepreview ads before the movie starts. Many complain that the time devoted to previews is too long. A preliminary sample conducted by the wall street journal showed that the standard deviation of the amount of time devoted to previews was 4 minutes. Use that as a planning value for the standard deviation in answering the following questions. Round your answer to next whole number. A. If we want to estimate the population mean time for previews at movie theaters with a margin of error of seconds, what sample size should be used? assume confidence. B. If we want to estimate the population mean time for previews at movie theaters with a margin of error of minute, what sample size should be used? assume confidence.
a) the required Sample Size is 40
b) the required Sample Size is 62
The solution of the Given the data in the question;standard deviation σ = 4 minutes
a)
margin of error E = 75 seconds = ( 75 / 60 )minutes = 1.25 minutes
And 95% confidence.
Now, the Critical Value of z for 0.95 confidence interval;
∝ = 1 - 0.95 = 0.05
= 1.96
so, sample size n will be;
n = [ × σ/E ]²
we substitute;
n = [ 1.96 × (4/1.25) ]²
n = [ 1.96 × 3.2 ]²
n = [ 6.272 ]²
n = 39.338
Since we are referring to a number of samples, it approximately becomes 40
Therefore, the required Sample Size is 40
b)
margin of error E = 1 minutes
And 95% confidence.
Now, the Critical Value of z for 0.95 confidence interval;
∝ = 1 - 0.95 = 0.05
= 1.96
so, sample size n will be;
n = [ × σ/E ]²
we substitute;
n = [ 1.96 × (4/1) ]²
n = [ 1.96 × 4 ]²
n = [ 7.84 ]²
n = 61.466
Since we are referring to a number of samples, it approximately becomes 62
Therefore, the required Sample Size is 62
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which of the following is not the outcome of a minimum wage set above the market equilibrium wage? assume that the demand curve is downward sloping and the supply curve is upward sloping.
Deadweight loss equal to zero is not the outcome of a minimum wage set above the market equilibrium wage.
Economic equilibrium, as used in economics, is a state in which forces such as supply and demand are in balance and the values of economic variables will not change in the absence of external influences. Equilibrium, for instance, happens when the quantity demanded and the quantity given is equal, as in the classic text perfect competition.
In this context, market equilibrium refers to the situation in which a market price is set through competition in such a way that the number of goods or services demanded by buyers and the number of goods or services provided by sellers is equal. The amount is referred to as the "competitive quantity," and this price is frequently referred to as the competitive price or market clearing price. It tends to remain stable absent changes in supply or demand.
The correct question is:
which of the following is not the outcome of a minimum wage set above the market equilibrium wage? assume that the demand curve is downward sloping and the supply curve is upward sloping.
Select one:
a. Quantity supplied of labor is higher than quantity demanded
b. Deadweight loss is equal to zero
c. Some workers experience an increase in the individual producer surplus
d. Some firms lay off workers
e. Some workers become unemployed
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Which of the following lists steps of the accounting cycle in the correct order (note that not all steps are listed)?
The following steps of the accounting cycle is Trial balance, Adjusting Journal entries, Post-closing trial balance.
Your financial data is analyzed and recorded during the accounting cycle, which is a multi-step procedure. When a transaction takes place, the process begins, and it is complete when the transaction is recorded in the financial statements. A well-organized summary of your transactions is provided by financial statements.
To make sure that every dollar entering or leaving a firm is tracked, the accounting cycle was created. For this reason, balance is extremely important. But mistakes are regularly made while entering transactions, resulting in an inaccurate trial balance that needs to be corrected so that debits and credits line up.
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member commercial banks have purchased stock in their district fed banks; the dividend paid by that stock is limited by law to
Member commercial banks have purchased stock in their district-fed banks; the dividend paid by that stock is limited by law to 6 percent annually.
"in the end, necessary fees of a Federal reserve bank had been paid or supplied for, the stockholders shall be entitled to get hold of an annual dividend of six in line with centum on the paid-in capital inventory, which dividend will be cumulative.
Regulation H outlines the requirements that state-chartered banks have to adhere to upon turning into contributors to the Federal Reserve gadget (FRS). It also lists the procedures for membership and sets sure limits and conditions on some mortgage sorts.
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question which of the following statements relating to a firm in an imperfectly competitive market and a firm in a perfectly competitive market is true?
The easiest approach to describe a corporation that operates in an imperfectly competitive market is as having some ability to fix prices..
What Is a Firm?A firm is a for-profit corporate entity, such as a corporation, limited liability company (LLC), or partnership, that provides professional services. Most companies only have one physical location.
A business firm, on the other hand, is composed of one or more physical locations that are all owned by the same person and share the same EIN (EIN).
The word "firm" can be used to describe a variety of businesses, such as consulting, marketing, and graphic design firms. "Firm" is frequently associated with businesses that provide specialized legal and accounting services when it appears in a title.
There is a difference between a business and a company, despite the fact that they seem to be interchangeable and are frequently used as synonyms.
Hence, The best way to characterize an imperfectly competitive firm is as having some capacity for setting prices.
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Many species of bacteria have become resistant to antibiotics because antibiotics have been so widely used. Now, bacteria that used to be killed by antibiotics are more difficult to treat. What is the best way to proceed in dealing with this public health problem?.
Antibiotics are only effective against bacterial illnesses, hence they should only be given to patients with bacterial infections.
Briefing:-Antibiotic-resistant bacteria can develop in people who receive prescriptions for them even though they do not have a bacterial infection, and they can grow in number.
Which serves as the body's initial line of defense when battling an illness from an outside organism?The body's initial line of defense against pathogens entering the body is the innate immune system. It is also referred to as the "nonspecific" immune system since it reacts uniformly to all pathogens and foreign chemicals.
How do the group of answer options for diseases brought on by bacteria and viruses respond to antibiotics?Antibiotics are effective against bacterial ailments but not viral ones.
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reynaldo mendez wants to buy a new sail boat. he is planning on making a $9,000 cash down payment, which is a large portion of the cost of what he is financing. in which way is reynaldo reducing his lender's risk? multiple choice he is pledging valuable assets that can be seized if the loan is not repaid. he is repaying the loan over a faster period of time. he is increasing his monthly payments. he is taking a higher stake in the asset he is purchasing. he is sharing the interest rate risk with his lender.
Interest price threat is the manageable that a exchange in common hobby rates will decrease the fee of a bond or different fixed-rate investment:
As hobby rates upward thrust bond fees fall, and vice versa. This skill that the market price of current bonds drops to offset the extra appealing charges of new bond issues.
How do you control the bank's interest fee risk?Interest price danger can be managed through the combine of loans and deposits, although this can end result in either too much threat on the stability sheet, or vicinity the bank at a competitive drawback if it is reluctant to offer long-term fixed-rate financing.
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https://brainly.com/question/13163076#SPJ4could be employed to distinguish between t-butyl chloride and n-butyl chloride? state which compound would come out positive and what would be the indication
The different reactivity between these 2 compounds by SN1 mechanism are easily observed at 60°C by a solvolysis reaction in ethanol with ethex formation.
A Methyl red indicator changed color as a result of the hydrogen in the byproduct HCl reacting with an acid-base indicator. AgNO3 was utilized to monitor the release of chloride ions by AgCl precipitation at room temperature. It was clearly demonstrated by both a color change in an indicator and precipitation format that the reactivity order in both cases is t- butyl chloride > n- butyl chloride.
Therefore, t-butyl chloride experiences a quicker ppt formed with AgCl and a quicker color change with an indicator, whereas n-butyl chloride doesn't experience this kind of change.
In contrast to n-butyl chloride, which has a primary C-atom to which Cl is bound, test-butyl chloride has a tertiary C-atom.
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cpm refers to: a. the number of users who clicked an ad divided by the number of times the ad was delivered b. each instance of an advertisement being viewed by a user c. a concept where advertisers do not pay unless someone clicks on their ad d. the maximum amounts of money advertisers are willing to pay for each click on their ads e. cost per thousand impressions
Option is the best choice (e). Cost per thousand impressions is referred to as CPM.
What Is CPM, or Cost Per Thousand?Cost per mille (CPM), another name for cost per thousand (CPM), is a marketing word used to describe the cost of 1,000 ad impressions on a single web page. If a website publisher charges $2.00 CPM, an advertiser will be required to pay $2.00 for each 1,000 impressions of their advertisement.
How do you figure up the cost per 1,000 impressions?You must divide the overall cost of your internet advertising by the total number of impressions and multiply the result by 1000 to determine your cost per thousand. Your CPM would be $5, for instance, if your advertising campaign costs $500 for 100,000 impressions.
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consider a profit-maximizing monopoly pricing under the following conditions. the profit-maximizing quantity is 40 units, the profit-maximizing price is $160, and the marginal cost of the 40th unit is $120. if the good were produced in a perfectly competitive market, the equilibrium quantity would be 50, and the equilibrium price would be $150. the demand curve and marginal cost curves are linear. what is the value of the deadweight loss created by the monopolist? group of answer choices $200 $100 $40 $400
The deadweight loss due to monopoly pricing would then be the financial advantage foregone with the aid of customers with a marginal gain of between $0.10 and $0.60 per nail.
Do monopoly generates a deadweight loss?The monopoly pricing creates a deadweight loss because the association forgoes transactions with the consumers. Monopolies can turn out to be inefficient and less progressive over time because they do no longer have to compete with other producers in a marketplace. In the case of monopolies, abuse of energy can lead to market failure.
What is the monopoly formula?MR = [1/Ed]P + P. MR = P(1 + 1/Ed) This is a beneficial equation for a monopoly, as it hyperlinks the rate elasticity of demand with the rate that maximizes profits.
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https://brainly.com/question/19550077#SPJ4the rate of return that cold goose expects to earn on the project after its flotation costs are taken into account is
Cold Goose Metal Works Inc. expects a 15.20% return on this project.
See the complete question in the attachment.
The flotation cost is 4%, hence $500,000 represents 96% (100% - 4%) of the cash revenues from the capital fundraising; thus, the fund raised is calculated as follows:
Fund raised: [tex]\frac{500,000}{0.96}[/tex] = $520,833.33Next, we need to calculate the annual return. The formula that we have to use is:
Annual Return on Investment = Cash Inflow - Initial Cash OutflowIt is informed that the cash inflow is $600,000 while the cash outflow obtained is $520,833.33. Thus, the annual return on investment is calculated as follows:
= $600,000 - $520,833.33= $79166.67In order to obtain the rate of return, we use the formula as follows:
Rate of return = [tex]\frac{Annual Return on Investment}{Initial Investment}x 100[/tex]Rate of return = [tex]\frac{79,166.67}{520,833.33}x100[/tex]Rate of return = 15.20%Cold Goose Metal Works Inc. expects a 15.20% return on this project after its flotation costs are taken into account.
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which of the following is true of the securities underwriting process? a.) underwriters purchase securities from an issuer and then hope to sell them at a higher price. b.) underwriters rate the creditworthiness of the issuer. c.) underwriters facilitate the sale of securities by quoting both a bid price and ask price. d.) underwriters determine if a company is eligible to issue an ipo.
The correct option is (a) underwriters purchase securities from an issuer and then hope to sell them at a higher price.
Underwriting in the securities market is figuring out the risk and cost of a specific investment. This method is most frequently used during initial public offerings, when investment banks first purchase or underwrite the issuing entity's securities before putting them up for sale.
The firm commitment agreement, the efforts agreement, the all or none agreement, and the standby agreement are just a few examples of the various types of underwriting agreements.
The key to a favourable portfolio quality is an efficient underwriting and loan approval procedure, and one of the main responsibilities of the function is to minimise unnecessary risks.
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a decision from the project team that they should wait until after the summer to work on one portion of the project, due to preference to reduce work when the weather is nice is an example of a(n):
a decision from the project team that they should wait until after the summer to work on one portion of the project, due to preference to reduce work when the weather is nice is an example of a Climate change dependency. Hence, option A is correct.
What is Climate change dependency?These changes are a result of the extra heat that the atmospheric buildup of greenhouse gases causes in the climate system. The main causes of these extra greenhouse gases are human activities such as the burning of fossil fuels, deforestation, agriculture, and changes in land use.
Transportation, industry, agriculture, and land use and forestry are the four global emission sectors that most closely match the American industries.
Thus, option A is correct.
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The options are missing-
A) Climate change dependency
B) Discretionary dependency
C) Mandatory dependency
D) Governance dependency
the process of purchasing goods and services that takes into account the long-term impact on people, profits, and planet is called
The process of purchasing goods and services that takes into account the long-term impact on people, profits, and planet is called Green Purchasing Sustainability.
In order to meet their needs for goods, services, works, and utilities in a way that achieves value for money over the course of a lifecycle while addressing equity, organizations must engage in sustainable procurement. When compared to similar competing products or services, "green purchasing" refers to the practice of buying goods and services that have a smaller negative impact on both the environment and human health. Purchasing goods that are made from recycled, environmentally friendly, or biodegradable materials is referred to as green purchasing sustainable procurement. Offer substitutes for dangerous or toxic chemicals. Utilize manufacturing techniques that are water- and/or energy-efficient. Use renewable energy or different types of fuel. Using green purchasing products and services entails protecting the environment. Sustainability is the practice of utilizing goods or services without endangering the resources of future generations.
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