The Revenue Recognition idea is the source of the problem. A service cannot be recorded as revenue until it has been rendered.
According to the idea of revenue recognition, we can only record revenue under the accrual basis of accounting after a business has finished the process of generating revenue. Therefore, if a company is getting money in an obstruction when a consumer makes a payment, the entity can record it as a liability rather than a profit. after the completion of they might acknowledge the cash as compensation for all work. Therefore, the president's call to record consumer payments as income for renovation work that hasn't yet been finished is wrong.
So, The Revenue Recognition idea is the source of the problem. A service cannot be recorded as revenue until it has been rendered. The revenue cannot be recorded prior to January 3rd due to the remodelling project's impending completion.
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2. to what degree do you think managers in the nail salon industry would be able to improve conditions voluntarily if they wishe and why do you think so?
The working circumstances of manicurists are crucial, yet people still find time to attend nail salons and enjoy a nice service.
Patience with clients getting manicures. Nail salon is an art that requires considerable attention, and if the services are pleasant for the clientele, the nail salon will be very successful. The owners and operators of nail salons would be allowed to voluntarily improve circumstances if they so want by making the necessary adjustments.
• A skilled nail technician has the perseverance to focus on the small details while working carefully.
• Dedication towards clients for a perfecting nail art.
• Creativity in the styling and design of nails for clients.
• Awareness of the most recent nail trends.
• Exceptional client customer service.
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If the firm is operating at full capacity and no new debt or equity is issued, what external financing is needed to support the 20 percent growth rate in sales?
Finance, financing, is the process of raising funds or capital for any kind of expenditure. It is the process of channeling various funds in the form of credit, loans, or invested capital to those economic entities that most need them or can put them to the most productive use.
External Financing needed = Increase in assets - Increase in liabilities - Increase in retained earnings
Income statement
2014 Projected
Sales $753,000 $941,250
Costs $588,000 $735,000
Other Expenses $24,000 $30,000
EBIT $141,000 $176,250
Interest Paid $10,000 $10,000
Taxable Income $131,000 $166,250
Taxes (40%) $52,400 $66,500
Net Income $78,600 $99,750
Dividend (40%) $31,440 $39,900
Addition to retained earnings $47,160 $59,850
Increase in assets = 2014 assets * Sales growth rate = $335320 *25% = $83830
Increase in liabilities = 2014 Accounts Payable * Sales growth rate = $55400 * 25% = $13850
Increase in retained earnings = $59850
External Financing needed = $83830 - $13850 - $59850
External Financing needed = $10130
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The fed's role in the credit crisis of 2008 quantitative easing is an example of?
The Fed started four rounds of QE in 2008 to combat the financial crisis. From December 2008 to October 2014, they existed. Because its other tools for expanding monetary policy had run out, the Fed turned to quantitative easing (QE). Both the discount rate and the Fed funds rate were 0.
When the value of financial assets and instruments significantly drops, a financial crisis has occurred. As a result, companies struggle to pay their debts, and financial institutions are unable to fund projects or meet urgent needs due to a lack of available cash or convertible assets.
Any situation where important financial assets, like stocks or real estate, suddenly experience a sharp decline in value is generally referred to as a financial crisis. Periods of economic boom and excessive lending to borrowers frequently precede them.
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You are running a small business and are thinking about ways to increase your profits. Assume you are facing an elastic demand. Would you raise or lower your prices?.
You run a business and are wondering how to increase your profits. Suppose you are faced with elastic demand. We don't know, because we don't know how much the cost versus revenue will change.
The act of making a living or earning income from the production, acquisition and sale of goods is called a business (such as goods or services). It also includes "any commercial activity or enterprise." The company owner is responsible for all obligations of the company, as the business entity is not legally distinct from the owner by using the company name. If the company becomes indebted, creditors can seize the owner's private property. Corporate tax rates are not allowed in company structures. All commercial income is subject to personal taxation by the owner.
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The general abilities to understand, alter, lead, and control the behavior of individuals and groups are ________ skills.
The general abilities to understand, alter, lead, and control the behaviour of individuals and groups are conceptual skills.
Conceptual skills are cognitive abilities that enable you to comprehend complicated concepts and find solutions to challenging issues. Conceptual skills abilities are beneficial because they enable individuals to utilise intentional thought and abstract reasoning to come up with several answers for various problems. Another illustration of Conceptual skills is the capacity for problem-solving. Conceptual skills abilities necessitate the capacity for rapid decision-making. Making decisions, exercising critical and logical thought, multitasking, and troubleshooting are some examples of Conceptual skills. You can anticipate problems, come up with ideas for solutions, and comprehend the strategic large picture that underpins a company's day-to-day operations using Conceptual skills. Conceptual skills are beneficial in any function, but they are crucial for those in administrative positions.
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Profit maximization fails to provide an appropriate goal for financial managers because.
Profit maximization fails to provide an appropriate goal for financial managers because it lacks a time dimension it ignores risk.
What is profit maximization?
Profit maximization is the primary intention of any business, and consequently it's also an goal of monetary management. In monetary control, it represents the procedure or the technique by which income incomes consistent with percentage (EPS) is improved.
It enables in attaining the gadgets to maximize the business operation for earnings maximization. The ultimate goal of any commercial enterprise is to earn a large quantity of go back in terms of earnings. for this reason, this goal of financial control considers all the viable approaches to boom the profitability of the enterprise situation.
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Match the description of each cluster to the cluster name.
The correct matching of the cluster to its cluster name is given below:
Education and Training- Career for those that enjoy teaching others and are good at explaining conceptsBusiness, Management, and Administration- Any career important to the operation of a businessGovernment and Public Administration- Any career in which the government is the employerArchitecture and Construction- Careers that relate to designing and making buildings.This is because, the different clusters all contain a career focus, and this ranges between Education, Business, Government and Public Administration and then Architecture and Construction, and they have been correctly matched above.
What is a Career?This refers to the job that a person does full time and gets remunerated for it and receives a pension when he retires.
Hence, we can see that The correct matching of the cluster to its cluster name is given below:
Education and Training- Career for those that enjoy teaching others and are good at explaining conceptsBusiness, Management, and Administration- Any career important to the operation of a businessGovernment and Public Administration- Any career in which the government is the employerArchitecture and Construction- Careers that relate to designing and making buildings.This is because, the different clusters all contain a career focus, and this ranges between Education, Business, Government and Public Administration and then Architecture and Construction, and they have been correctly matched above.
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Assume baldwin is producing 920 units of beetle next year. what would beetle's plant utilization be?
The beetle's plant utilization will be 61.3%.
calculating,
utilization = [tex]\frac{Future Production}{Full Capacity Production}[/tex]
= [tex]\frac{920}{1500}[/tex]
= 0.613x 100
= 61.3%
Plant utilization is the ratio of the time spent in a factory compared to the total time it could be used to produce goods or the number of machines being used compared to the total number that could be used. The utilization rate of the factory is calculated by multiplying the actual monthly or annual output by 100 and then dividing the result by the factory's maximum annual or monthly output. The ideal capacity utilization rate for an organization is 100%. However, a company wouldn't want to continue with 100% production for very long. It wants to boost production in order to increase revenue.
Note that the full question is:
Assume Baldwin is producing 920 units of Bolt next year from 1,500 produced this year, which is at 100%. What would Bolt's plant utilization be?
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Approximately what percentage of a reduction in errors did international air transport association have when thier employees working in cargo management obtaned instant access to clear and consistent working instructions for key tasks, such as accepting cargo as ready for air carriage?.
34% of a reduction in errors did international air transport association have when their employees working in cargo management obtained instant access to clear and consistent working instructions.
Transporting shipments, unloading cargo, picking, sorting, and storing are all included in the term "cargo management," which describes how these tasks are handled in logistical centres and warehouses. Those who organise, facilitate, expedite, and route the flow of incoming and departing shipments cargo and freight shipments in airlines and cargo agencies are known as cargo management officers. The cargo management officer makes sure that shipments of goods are kept and handled in accordance with Standard Operating Procedures (SOPs) and handling regulations. All shipment paperwork is prepared by the cargo management officer, who also handles stock control and housekeeping duties. Shipments are organised in accordance with cargo plans, thanks to the cargo management officer.
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If+you+sell+this+bond+in+exactly+one+year,+having+paid+$,+and+received+exactly+one+coupon+payment,+what+is+your+total+return+if+competing+yields+are+%?
If you sell this bond in exactly one year, having paid $1,000, and received exactly one coupon payment, what is your total return if competing yields are 12%?
Your total return is -6.70%
In the world of finance, a bond is a kind of security where the issuer (debtor) owes the holder (creditor) a debt and is required, depending on the terms, to repay the principal (i.e., amount borrowed) of the bond at the maturity date as well as interest (called the coupon) over a certain amount of time.
Semiannually, annually, and less frequently at other times, the interest is typically due at set intervals. Consequently, a bond is a type of borrowing or IOU. Bonds give the borrower access to external capital for financing current expenses or, in the case of government bonds, long-term investments.
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How+many+years+would+it+take+before+you+had+$484,012+in+your+bank+account+if+you+deposited+$40,000+today+in+a+bank+that+pays+12%+interest+annually?
22 years it would take before one had Rs 484,012 in bank account as if one deposited Rs 40,000 today in a bank that pays 12% interest annually .
On what basis bank pays interest annually ?
Investors can maximize the return on their savings by understanding how interest is calculated for savings accounts. The compensation a bank or other financial institution gives a depositor for keeping their money in a savings account is known as interest. By using the money placed to lend money to other customers, a bank effectively borrows money from its depositors. The bank then pays interest to the depositor on the balance of the depositor's savings account while concurrently charging the borrowers of loans a greater interest rate than that which was paid to the depositors.
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Lili has saved $2,500 money from her part time job at a bakery. Since she will not need this money for a few years, she decides to put the money in a 3-year CD (Certificate of Deposit) at a local credit union. The credit union offers Lili 2.75% APR, compounded quarterly. How much will Lili’s CD be worth at the end of the 3 years?
The worth of Lilli's CD at the end of 3 years is $2,714.23.
What is the worth of the CD?When an amount earns interest that is compounded quarterly, it means that both the amount invested and the interest accrued increases in value every quarter or once in four years.
The APR is an abbreviation for annual percentage rate. It is the amount that is earned in total every year. In order to determine the quarterly interest, divide the APR by 4.
Here is the formula that can be used to determine the value of the amount at the end of 3 years:
FV = P (1 + r)^nm
Where:
FV = Future value P = Present value R = interest rate = 2.75% / 4 = 0.6875%m = number of compounding = 4N = number of years = 32,500 x (1 + 0.006875)^(3 x 4)
2500 x (1.006875)^12 = $2,714.23
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What are the two basic ways for a business to increase profit? choose 2 answers.
selling more to existing profitable customers and finding similar customers to sell to
An individual or business that purchases goods or services from another company is known as a customer. Customers are crucial to businesses because they generate income; without them, they would cease to exist. All organisations compete with one another to draw clients, whether through aggressive product promotion, price reductions to increase clientele, or the creation of distinctive goods and experiences that clients adore.Because satisfied consumers are more inclined to recommend businesses that meet or surpass their expectations, the proverb "the customer is always right" is one that is frequently upheld by businesses. As a result, many businesses keep a careful eye on their customer interactions in order to get input on how to enhance their product offerings.
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Your stakeholders are concerned about who was involved in providing you with feedback about your methods. which type of objection are they making to your presentation?
When a stakeholder has involved approximately the supply of your comments, they're making an objection approximately analysis. this is when someone objects to the techniques you operate or the remarks you accumulate for your presentation.
A stakeholder can be a wide kind of human beings impacted or invested in the project. for instance, a stakeholder may be the proprietor or maybe the shareholder. but stakeholders can also be personnel, bondholders, clients, suppliers and providers. A shareholder may be a stakeholder.
The global popular offering steering on social duty, known as ISO 26000, defines a stakeholder as an "individual or group that has an interest in any choice or activity of an employer."
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Dalena owns a small house cleaning business. In what way is she MOST helping society with her business?
Question 3 options:
producing a product
providing a service
providing paychecks to employees
donating goods to the community
paying taxes
The correct option is B. Dalena owns a small house cleaning business by providing a service helping society with her business.
How do you manage a cleaning business?Learn how to clean, Choose a niche for your cleaning business. Promote your home cleaning company. Provide individualized services, and assemble a top-notch cleaning crew. Establish a productive cleaning process. Manage the activities of your company.
A cleaner is in charge of performing all necessary basic cleaning inside and outside the building or facility. Cleaning smudges from windows and doors as well as dusting, mopping, sweeping, and vacuuming might be included in this. Another crucial duty of a cleaner is making sure that restrooms are cleaned, sanitized, and refilled.
Thus, the correct option is B.
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Profit maximization fails to provide an appropriate goal for financial managers because.
Profit maximization fails to provide an appropriate goal for financial managers because It allows in achieving the objects to maximize the business operation for profit maximization. The ultimate goal of any enterprise is to earn a large amount of go back in phrases of income. as a result, this goal of financial management considers all of the viable ways to increase the profitability of the enterprise concern.
Profit maximization is the primary purpose of any business, and therefore it's also an goal of financial control. In monetary management, it represents the manner or the method by using which income incomes in keeping with percentage (EPS) is extended.
Even as profit maximization in monetary control has the potential to bring in extra money within a brief-time period, lengthy-time period incomes may be notably dwindled. Reducing production high quality for the sake of improved income will harm your brand, disappoint clients, and allow competitors to thieve your enterprise.
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Ratios that help determine the efficiency with which a company manages its day-to-day tasks and assets are called:_______
Ratios that help determine the efficiency with which a company manages its day-to-day tasks and assets are called: Activity Ratios.
Activity Ratio: A financial indicator called an activity ratio shows how effectively a company is using the assets on its balance sheet to produce revenue and cash.
Examples: Current ratio, Quick ratio, asset turnover ratio, inventory ratio, account receivables turnover, etc
These are also known as Asset Utilization Ratios or Efficiency Ratio.
Ratios that help determine the efficiency with which a company manages its day-to-day tasks and assets are called: Activity Ratios.
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There is an upside to linking the s&op process with supply chain partners. For one thing, __________ can help firms do a better job of improving overall supply chain performance, particularly in the area of cost.
There is an upside to linking the s&op process with supply chain partners. For one thing by coordinating plans across the supply chain, companies can improve overall supply chain performance.
Do you understand what the supply chain is?
The supply chain includes all activities that lead to the delivery of products and services to end users. It starts with the selection of raw materials for production, the determination of raw material suppliers, the manufacturing process, the packaging of the product, the selection of distribution challenges, and finally the delivery of the product to the end user.Everything from inception to delivery. All people, organizations, processes, activities, and resources that serve the stage become part of the organization's supply chain.
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Because the federal government typically provides disaster relief to farmers, many farmers do not buy crop insurance even through it is federally subsidized. This illustrates.
To illustrate is to make something more clear or more visible. Children's books are illustrated with pictures. An example can illustrate an abstract idea. The word illustrate comes from the Latin illustrate 'to light up or enlighten.
The illustration is a rhetorical style that uses examples to support the thesis or main idea of a paragraph or essay. The illustration is most often used at the paragraph level to help illustrate or support a point, but you may also encounter illustration essays of various types in your college courses.
The topic sentence is the main supportive argument of this particular paragraph. The background sentence starts the illustrative part there can be up to three of them. The Research sentence explains the idea in detail by quoting or paraphrasing pieces of evidence. The analysis explains how it is related to your topic and thesis.
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What are the strategically relevant components of the u. S. And global craft beer industry macro-environment?.
The strategically relevant components of the U.S. and global craft beer industry macro environment are political, cultural, and economic factors.
What are the strategically relevant components of the U.S. and global craft beer industry macro environment?
The relevant macro environment components include political, cultural, and economic factors. The industry is subjected to political factors like laws and regulations enquiring about the quantity, packaging, and distribution of craft beers.
There are cultural factors that affect the U.S. as well as the international craft beer industry. Economic factors affect the beer industry through determining the demand and price point.
In nations that are already developed, Craft beer is consumed more as consumers in these regions can manage to pay for it at the higher price.
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Cedar links recreation inc. Has issued ten-year zero-coupon bonds with a $1,000 face value. If the bonds are currently selling for $514. 87, what is the yield to maturity?.
The yield to maturity i.e. r =6.86% which Cedar Links recreation Inc. issued ten year zero-coupon bonds with a $1000 face value when current Selling Price = $514.87.
Present Value(price)=FV/(1+r)^N
Present Value =price= $514. 87
Face Value = $1000
Let r=yield to maturity=unknown
Let N=years to maturity=10
$514.87=$1000/(1+r)^10
$514. 87*(1+r)^10=$1000
(1+r)^10=$1000/$514. 87
(1+r)^10=($1000/$514.87)^1
divide indexes on both sides by 10
(1+r)^(10/10)=($1000/$514.87)^(1/10)
1+r=($1000/$514.87)^(1/10)
r=($1000/$514.87)^(1/10)-1
Thus, if bonds are currently selling for $514. 87, then the yield to maturity is 6.86%.
A bond is a sort of security used in finance where the producer owes the holder a debt and is required, depending on the terms, to repay the principal and interest on the bond at the date of maturity. The interest is typically due at predetermined intervals, such semiannually, annually, and less frequently at various times. A bond is therefore a type of loan or IOU. With the help of bonds, the borrower can finance lengthy investments or, in the case of government bonds, current expenses.
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What is the value in year 3 of a $10,000 cash flow made in year 20 if interest rates are 5 percent?
After the interest rate is raised, the present value of this cash flow will fall.
The method we use to determine present value is as follows:
PV = FV / (1 + r)n, where
the current value, or PV
FV stands for future value, which in the aforementioned query is $10,000 cash flow.
The interest rate is represented by r, the discount rate.
In the aforementioned question, n is the number of discounting periods, which is one year.
Therefore, the denominator (1+r)n will increase if the interest rate increases. Then, PV will fall if FV stays constant.
So, After the interest rate is raised, the present value of this cash flow will fall.
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The economic crisis in 2008 had a huge impact on eaton’s business to business customers. In response to the crisis, eatons customers tried to cut cost and lower their production. This in turn affected eatons sales negatively, which is an example for _______.
The economic crisis in 2008 had a huge impact on eaton’s business to business customers. In response to the crisis, Eaton's customers tried to cut costs and lower their production. This in turn affected eatons sales negatively, which is an example for solutions selling.
From peak to trough, US gross domestic product fell by 4.3 percent, making this the deepest economic crisis recession since warfare II. It absolutely was also the longest, lasting eighteen months.
The per centum quite doubled, from 5 percent to 10 percent. The collapse of the housing market — fueled by low interest rates, easy credit, insufficient regulation, and toxic economic crisis subprime mortgages — led to the slump. The good Recession's legacy includes new financial regulations and an activist Fed.
Of 198 Countries, compared to the proportion change in GDP between 2007 and 2009, the foremost impacted countries are predominantly Eastern European and trade-dependent economic crisis advanced economies. One of the foremost visible aspects of the recession, job losses and unemployment are known to be related to increased stress, poorer health outcomes.
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High intakes of ______ tend to increase the risk of developing chronic diseases, such as cardiovascular disease, hypertension, diabetes, and obesity.
High intakes of salt alcohol animal fatstend to increase the risk of developing chronic diseases, such as cardiovascular disease, hypertension, diabetes, and obesity.
It is thought that type 1 diabetes is brought on by an autoimmune reaction (the body attacks itself by mistake). This response prevents your body from producing insulin. Five to ten percent of people with diabetes have type 1. Symptoms of type 1 diabetes frequently emerge out of nowhere. Kids, teenagers, and young adults are typically where it is found. Those with type 1 diabetes need to take insulin every day to keep alive. Type 1 diabetes currently has no known cure. Type 2 diabetes makes it challenging to maintain normal blood sugar levels because your body has trouble using insulin as it should. Type 2 diabetes affects 90–95% of diabetics.
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International differences can have a profound impact on data gathering. The marketing researcher should therefore follow a two-pronged approach when conducting international marketing research projects. In the first phase, the marketer should focus on indirect data gathering. This _____ data would then be analyzed to gain a greater understanding of the particular marketing environment.
This secondary data would then be analyzed to gain a greater understanding of the particular marketing environment.
Market research or also known as marketing analyst can be described as an organized effort to gather information about target markets and customers: know about them, starting with who they are. Market research or also known as marketing analyst is an important component of business strategy and a major factor in maintaining competitiveness.
Market research analysts analyze data and gather on competitors and customers. Market research analysts study consumer preferences, other factors to assess potential sales of a service or product, and business conditions. Market research analysts help companies understand who will buy them, what products people want, and at what price.
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Another term for factors of production is:________
a. inputs.
b. output.
c. goods.
d. services.
So the option a(input) is the correct answer.
Factors of production are also known as production inputs. Inputs are factors of production because they are the inputs used in the production of output (goods and services).
Factors of Production:
The inputs needed to produce goods and services in the economy are known as factors of production. The factors are land, labour, capital, and entrepreneurship. The resources required to supply a good or service, as determined by a country's gross domestic product, are one of the four components (GDP).
The term "production" in the context of factors of production refers to the process of transforming inputs into outputs, which are finished goods that may be sold as a good or service. To do this, the input will travel through a manufacturing process and different stages before reaching the hands of customers.
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If corn and cotton are substitutes in production, a fall in the price of corn will cause the supply of cotton to ______
If corn and cotton are substitutes in production, a fall in the price of corn will cause the supply of cotton to increase.
What is substitutes in production?
Two or more products that can be created using the same resources are considered substitutes-in-production. Sellers are prevented from using resources to make another good when they produce one. Produce either the first or the second, but not both. Producing alternative crops like corn or soybeans is a common challenge for farmers.
Therefore,
If corn and cotton are substitutes in production, a fall in the price of corn will cause the supply of cotton to increase.
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An internal corporate-wide area network that uses internet technology to connect computers and link employees in many locations and with different types of computers is known as what?.
An internal corporate-wide area network that uses internet technology to connect computers and link employees in many locations and with different types of computers is known as Intranet.
A company's employees utilize an intranet, which is a private computer network, for communication, teamwork, operational systems, and other computing services.
Business intranets foster internal communication. Access to important information, tools, links, forms, and databases of company records is made simple for employees. A database containing all the usernames of employees with network access credentials is routinely used to maintain intranet security.
Some potential benefits of adopting an intranet include the following:
Enhanced internal communication, collaboration, and information sharing; simpler recordkeeping; more effective request tracking. The location where fresh ideas can be tried before being added to a firm website. An improved workplace culture that prioritizes and fosters involvement. A profitable return on investment as a result of lower implementation and maintenance expenses.Learn more about Intranet here:
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In+a+10-year+period,+your+investment+of+$250+grows+to+$2,500.+what+is+the+growth+rate+of+your+earnings?
a. 28.32%
b. 25.89%
c. 22.22%
d. 31.18%
Time (n) equals ten years.
Value today is $250.
Future worth is $2500.
Solution:-
(Future value / Present value) Equals Growth rate 1/n - 1
= ($2500/$250)1/10 - 1
= (10)1/10 - 1
= 1.2589 - 1 = 0.2589 or 25.89%
What is investment?
Investment is the commitment of a resource to a long-term increase in value. Investment necessitates the loss of a current resource, such as time, money, or effort.In finance, the purpose of investing is to generate a return from the invested asset. The return may consist of a gain (profit) or a loss realized from the sale of a property or an investment, unrealized capital appreciation (or depreciation), or investment income such as dividends, interest, or rental income, or a combination of capital gain and income. The return may also include currency gains or losses due to changes in the foreign currency exchange rates.Riskier investments typically provide better returns, according to investors. Investments with low risk typically have low returns as well. Similar to high risk, significant gains are possible. Diversifying your portfolio is a common piece of advice for investors, especially newcomers. Statistics show that diversification lowers total risk.To learn more about investment visit:https://brainly.com/question/15353704
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The institute of management accountants (ima) issues the _______ _ ____ certification.
The Institute of Management Accountants (IMA) is a prestigious association that works globally for the provision of business professionals.
The main objective of IMA is the advancement and promotion of business management for better education regarding finance, monetary, and business studies. IMA issues the certificate called CMA, Certified Management Accountant.
This certificate is too good as it shows that certain accountants having this certificate has extreme skills in strategic management and can actively manage prestigious tricky tasks.
Also, this certificate has practical importance for people who wants to pursue financial accounting as a field. This certificate grasps global acknowledgment.
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