The end balance here is $ 320 in cash, the end balance for supply is $ 7,400, and the end balance for salary payable is $ 0.
Cash Accounts Payable
Beg. Bal. $110 $60 Beg. Bal. $2,100 $8,300
$310 $70 $2,800
$30
End. Bal. $320 End. Bal. $3,400
Supplies Accounts Receivable
Beg. Bal. $10,100 $3,900 Beg. Bal. $650 $160
$1,200 $160
$160
$110
End. Bal. $7,400 End. Bal. $60
Wages Payable Cash
Beg. Bal. $0 $710 Beg. Bal. $11,300 $4,600
$710 $810 $6,100
$110 $1,400
End. Bal. $0 End. Bal. $120
Working notes:
Cash ($110 + $310 + $30 - $60 - $70) = $320
Accounts Payable ($8,300 - $2,100 - $2,800) = $3,400
Supplies ($10,100 + $1,200 - $3,900) = $7,400
Accounts Receivable ($650 - $160 - $160 - $160 - $110) = $60
Wages Payable ($710 - $710) = $0
Cash ($11,300 + $810 + $110 - $4,600 - $6,100 - $1,400) = $120
Complete question:
QS 2-10 Computing T-account balance LO C4 Determine the ending balance of each of the following T-accounts. Cash Accounts Payable Beg Bal 110 60 Beg Bal 8,300 2,100 310 70 2,800 30 End Bal. Supplies Accounts Receivable Beg Bal. 10,100 3,900 Beg Bal 650 160 1,200 160 160 110 End Bal. End Bal. Wages Payable Cash Beg Bal. 710 Beg Bal 11,300 4,600 710 810 6,100 110 End Bal 1,400 End Bal.
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which of the following is not an example of mass and targeted media strategy?
Product Placement is not an example of mass and targeted media strategy.
Advertising goods or brands to a wide range of audiences is known as mass marketing. It's important to reach as many individuals as you can, whether or not they are interested. Advertising on television and radio are common examples. Target marketing, on the other hand, focuses on more focused audiences. One tactic to reach the maximum number of potential clients is mass marketing, which ignores niche demographic variances in favour of focusing on the largest segment of the market. The marketing strategy uses conventional radio, television, and print advertising to target high sales volumes at lower prices. Product placement, also referred to as embedded marketing, is a marketing strategy in which allusions to particular brands or products are inserted into another work, like a movie or television show, with the express purpose of promoting them.
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the complete question is :
which of the following is not an example of mass and targeted media strategy?
a) Product Placement
b) Public Relations
c) Outbound Advertising
d) Print Media
e) Online Word of Mouth
Which Vendor transactions are related to inventory purchases?
Multiple Choice
Placing product orders, reconciling account detail to a physical count, and paying bills.
Placing product orders, paying bills, and receiving customer payments.
Placing project orders, invoicing products, and receiving customer payments.
Placing product orders, receiving products, and paying bills.
The related transactions to inventory purchases are placing product orders, receiving products, and paying bills.
Inventory management is the process of overseeing and controlling the ordering, storage, and use of materials, parts, and finished products in a business. In its context, placing product orders involves choosing the products that a business wants to stock and making arrangements with suppliers to purchase those products.
Further, receiving products involves getting the products that were ordered and checking to ensure that they are in good condition and meet the business's specifications. Paying bills involves making payments to suppliers for the products that were ordered. These activities are all part of the process of managing inventory and ensuring that a business has the products it needs to meet customer demand.
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, the degree to which a new product is difficult to understand or use, is especially important when it comes to innovation in high-tech consumer products. question 50 options: a) observability b) relative advantage c) compatibility d) complexity e) trialability
The degree to which a new product is difficult to understand or use, is especially important when it comes to innovation in high-tech consumer products observability.
What does the term "observability" mean?
The capacity to gauge a system's internal conditions by looking at its outputs is known as observability. If the current state of a system can be determined solely from information from outputs, such as sensor data, then the system is said to be "observable."
Observability requires insight into metrics, traces, and logs - the three pillars.
The process of clearly determining a system's internal state based on its external outputs is known as observability. Logs, metrics, and traces—three essential elements of a complex system—are utilized by observability.
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the long run, every purely competitive firm tends to operate at its ______.
In the long run, every purely competitive firm tends to operate at its minimum ATC.
Total Average Cost (ATC)Total Average Cost (ATC) The average total cost is the total of the average variable and fixed expenses. In other words, it is the total cost divided by the number of units manufactured. Because the marginal cost of producing the next unit of the output always affects the average total cost, the marginal cost curve always intersects the average total cost curve at its lowest point.
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The journal entry a company uses to record the estimated product warranty liability expense is
A. debit Product Warranty Expense; credit Product Warranty Payable
B. debit Product Warranty Payable; credit Cash
C. debit Product Warranty Payable; credit Product Warranty Expense
D. debit Product Warranty Expense; credit Cash
The correct answer is A). debit Product Warranty Expense; credit Product Warranty Payable. A corporation makes a debit journal entry to record the projected product warranty liability expense. Cost of the product's warranty; credit Payable Product Warranty.
Debit the warranty expense account and credit the warranty liability account to accumulate the warranty expense. Debit the warranty liability account and credit the inventory account for the cost of the replacement items and parts shipped to consumers as actual warranty claims are received.
a liability account that details the anticipated cost for repairing or replacing a product within its warranty period. The amount of the liability is noted at the time of the sale. It's also when the spending is reported at that point.
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why did the intensification of competition among european states cause price fluctuations? ap world
Despite this new level of global connectivity, this era saw major disruptions and changes in trade networks. Attempts by Portugal and Spain to monopolize trade in the Indian Ocean led to the down fall of the Swahili cities and the fall of Malacca
Prior to 1450, regional trade flourished as more traders and goods flooded the Silk Roads, Indian Ocean network, and Trans-Saharan routes. By 1450, Europeans were determined to discover a quicker way to reach Asia.Following World War II, governments frequently assumed a significant role in directing economic activity in order to foster development. Many countries supported free-market economic policies and advocated economic liberalization in the late 20th century, a movement that was hastened by the end of the Cold War.To know more about Price here
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43.A potential entrepreneur needs to realize thata.there are no principles of innovation.b.principles of innovation can be learned.c.monetary gain is the principal motivator in all innovation.d.profitability is the ultimate key to success.
A potential entrepreneur must understand that innovative concepts may be learned. So, option (B) would be the appropriate response.
A potential entrepreneur is someone who is not now an entrepreneur but who would like to be one in the future.
The ability to constantly learn is not only an essential entrepreneurial skill but also a very useful life skill that any potential entrepreneur must keep in mind.
A solid growth strategy built on inborn business acumen and abilities are necessary for each firm. So one should always try to acquire knowledge and learn constantly.
Potential business owners believe that starting a business is worthwhile, and doable for them personally and that the environment is encouraging.
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On february 13, a jewelry store sells an engagement ring with a sales price of $10,000 to a nervous young man, who pays in cash. the sale is subject to a 9.75 percent sales tax. Prepare the revenue portion of the February 13 journal entry for the jewelry store by selecting the account names and dollar amounts from the drop-down menus.
Cash 10,000 debit
sales tax payable 975
sales revenue 9,025, This would be journal entry for the jewelry store.
Explain the above journal entry.
The double-entry bookkeeping system of accounting is the primary foundation for the journal entry format, which ensures that the debit side and credit side are always equal. Journal entry format is the standard format used in bookkeeping to keep a record of all the business transactions of the company. Five columns make up the typical format: Transaction Date, Business Transaction Details, Folio Number, Debit Entry, and Credit Entry.
the sale was made on cash, so we use cash account.
then to calculate the sale tax payable:
sales price x tax sale rate = sale tax payable
10,000 x 0.0975 = 975
finally the revenue will be the difference between the proceeds of the sale and the taxes.
revenue = price - tax = 10,000 - 975 = 9,025
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the systematic risk principle argues that the market does not reward risks . multiple choice question. in any circumstances that are systematic that are borne unnecessarily that are dangerous
According to the systematic risk principle, the market does not reward unnecessary risks.
What is the principle of systematic risk?Risk that is systemic is: risk that only affects a few securities. defined as the total risk of unexpected events. calculated using the standard deviation.
Is systematic risk rewarded by the market?Systematic risk, also known as market risk, is the risk that is associated with the market as a whole. The primary reason you earn a positive return over time is because of this kind of risk, which cannot be avoided.
What is the principle of systemic risk?According to the systematic risk principle: The only factor that determines an asset's expected return is its systematic risk. Therefore, the systematic portion of an asset's risk is only relevant when determining its expected return (and risk premium), regardless of its total risk.
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bank two has a portfolio of bonds with a market value of $200 million. the bonds have an estimated price volatility of 0.95 percent. what are the dear and the 10-day var for these bonds?
The Dear (expected loss) for these bonds is $190,000 ($200 million x 0.95%).The 10-day Value-at-Risk (VaR) for these bonds is $1.9 million ($200 million x 0.95% x 10 days).
The 10-day Value at Risk (VaR) for these bonds is the estimated maximum loss of the portfolio over a 10-day period, given a 95% confidence level. The 10-day VaR is calculated by multiplying the market value of the portfolio ($200 million) by the estimated price volatility (0.95%) and multiplying that result by the square root of 10 (which is 3.162). Therefore, the 10-day VaR for these bonds is $1.93 million.
The Dear is the estimated maximum loss of the portfolio over a single-day period, given a 95% confidence level. The Dear is calculated by multiplying the market value of the portfolio ($200 million) by the estimated price volatility (0.95%) and multiplying that result by the square root of 1 (which is 1). Therefore, the Dear for these bonds is $1.90 million.
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balwant's parents are living in severe poverty in new delhi, india. balwant's parents have decided that the only way they can survive is to take out a loan and guarantee the money with balwant's labor. this is known as .
Debt bondage is the decision made by Balwant's parents that the one way the can live is to obtain a loan and back the money by Balwant's work.
What loan is the simplest to obtain?Payday loans, auto title loans, pawnshop loans, and no credit check personal loans are the loans that are the simplest to get accepted for. These loans are accessible to those with negative credit since they provide immediate cash and have few conditions. In most situations, they too are highly pricey.
Can someone with bad credit receive a loan?Numerous banks, credit unions, and internet lenders provide loan to borrowers with bad credit, but each organization has a different standard for who qualifies as a "creditworthy borrower."
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The GDP deflator is a price index that includes the following components of GDP: a) Consumption, Investment plus Exports minus Imports b) Consumption c)Consumption, Investment,Government plus Exports minus Imports d) Consumption plus Investment but not Exports
The GDP deflator is a price index that includes the following components of GDP c)Consumption, Investment, Government plus Exports minus Imports .
The GDP (gross domestic product) price deflator estimates changes in the prices of all the goods and services produced in an economy. It is sometimes referred to as the GDP deflator or the implicit price deflator.
The overall output of goods and services is measured by the GDP, or gross domestic product. However, the statistic does not take the effects of inflation or rising prices into account when GDP increases and decreases.
This is addressed by the GDP price deflator, which first establishes a base year and then compares current prices to those in the base year to demonstrate the impact of price changes on GDP.
The GDP price deflator, to put it simply, illustrates how much a change in GDP depends on changes in the level of prices.
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according to heilbroner, what did keynes believe was the most important factor in determining how the economy would behave?
According to HeilBroner, General Theory of Employment did Keynes believe was the most important factor in determining how the economy would behave.
The General Theory of Employment is a book which wrote by the John John Maynard Keynes. To tell the people about the employment and economy relationship with that.
The Employment is the necessary thing in the development and improving the live of an individual persons. The employment is a contract or agreement between the employee and employer that the employee work in a certain job.
The General Theory of Employment is also reflects the connection of the inflation and unemployment. If inflation increases then unemployment decreases. The government try to make stability between inflation and unemployment.
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assume that the economy is in a rapid expansion with a price level of p2 and output level y2. the government then adopts an appropriate discretionary fiscal policy. what will be the most likely new equilibrium price level and output?
The most likely new equilibrium price level and production are
P1 and Q3.
What is Equilibrium price?When market supply & demand are balanced, prices become stable. The phrase for this is equilibrium. Generally speaking, a shortage or undersupply raises prices, therefore decreases demand, and a surplus or oversupply lowers prices, which promotes demand. the cost at which a commodity's supply and demand are balanced.
The market is considered to be in an equilibrium when a major index goes through a period of stabilization or sideways movement, indicating that the supply and demand forces are essentially equal. Competition is the mechanism through which equilibrium prices are established.
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tightening monetary policy causes interest rates to ____ and aggregate ____ to _______.
The Answer is option C. rise; demand; decrease, Tightening monetary policy causes interest rates to rise and aggregate demand to decrease
Tightening monetary policy means reducing the money supply, which causes interest rates to rise, causing investment to fall and aggregate demand to fall in the economy. Treasury Open Market Sales A reduction in the money supply is a factor that can significantly help to slow or keep the domestic currency from inflating in a tightening monetary policy environment. During periods of strong economic growth, the Fed frequently considers tightening monetary policy.
Tightening monetary policy causes interest rates to _____ and aggregate _____ to _____.?
A. fall; demand; increase
B. rise; supply; decrease
C. rise; demand; decrease
D. fall; supply; increase
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Which one of the following products is most likely made in a job shop environment? a. rolls of newsprint b. custom furniture c. television sets d. cigarettes e.
option b custom furniture products is most likely made in a job shop environment.
Job shops are typically small manufacturing systems that handle job production, which includes small- to medium-sized customer orders or batch jobs as well as custom/bespoke or semi-custom/bespoke manufacturing processes. When a work is finished, job shops often go on to another one (perhaps with a different customer). Jobs are not always limited to a single machine, which allows this production system processing flexibility. Job shops machines are aggregated in shops by the nature of the skills and technological processes involved; as a result, each shop may have different machines. The problem of job shop scheduling is regarded as strongly NP-hard in computer science.
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select 4 to 8 key metrics that matter to your target customers in their buying decisions.
Metrics of consumption. This is the most basic kind of content metric, and regrettably, it's also where many programmer begin and end. Metrics Exchange, Sales Metrics. Lead Generation Metrics.
The methods customers use to choose, purchase, and use goods and services are collectively referred to as consumer behavior. Target markets are segments of the market that businesses identify as having a higher propensity than other segments to buy their goods or services. Personal traits: The audience's age, culture, profession, and background all significantly influence the interests and attitudes of the audience. Social determinants: A person's social networks have an effect on their purchasing behaviours. Their financial resources, level of education, and social standing all affect their shopping habits. A target market can be thought of as the type of consumer most likely to purchase a specific product. The person's demographic, regional, psychographic, and behavioral characteristics are taken into consideration.
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suppose the federal reserve decided to purchase $40 billion worth of government securities in the open market: a. by how much will m1 change initially if the entire $40 billion is deposited into transaction accounts? b. how will the lending capacity of the banking system be affected if the reserve requirement is 10 percent? c. how will banks induce investors to utilize the expanded lending capacity?
Banking system deposits increase by $40 billion, banking system deposits are part of M1, so when banking system deposits increase M1 also increases by $40 billion.
How will the lending capacity of the banking system be affected if the reserve requirement is 10 percent?Increase in bank reserves = $40 billion
Reserve requirement = 10%
Required Reserves = Increased Reserves × Required Reserves = $40 Billion × 0.1 = $ 4 Billion
Excess reserve = New reserve - Required reserve = $40 billion - $4 billion = $36 billion
Money multiplier = 1/Reserve requirement = 1/0.1 = 10
Increase in lending capacity = excess reserves × money multiplier = $38 billion × 20 = $760 billion
This will increase the lending capacity of the banking system by $760 billion.
How will banks induce investors to utilize the expanded lending capacity?As the money supply increases, interest rates fall. When interest rates fall, investors tend to borrow more because the effective cost of borrowing falls. As the money supply decreases, interest rates rise. As interest rates rise, investors tend to borrow less because the real cost of borrowing increases.
What is the banking system and its importance?
Banks also play a central role in the transmission of monetary policy. It is one of the most important tools for governments to achieve economic growth without inflation. Central banks control the money supply at the national level, while banks facilitate the flow of money in the markets in which they operate.
What does bank mean?Banking is the business of protecting other people's money. Banks lend out this money, generating interest that benefits the bank and its customers. A bank is a financial institution authorized to accept deposits and make loans. However, other financial services can also be provided.
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All of the following are strengths of NPV EXCEPT:
Multiple Choice
it works equally well for independent and mutually exclusive projects.
managers have a preference for using a statistic that is in percent instead of dollars.
it uses a conservative reinvestment rate assumption.
these are all strengths of the NPV statistic.
Except for the fact that it makes a conservative reinvestment rate assumption, all of the following are advantages of NPV.
There are several advantages and disadvantages to the NPV. Since NPV does not make the nearly unfeasible premise that cash flows will be reinvested at IRR, it is better to IRR. How may your cash flows be invested to achieve the project's rate of return? Returning project cash flows to the market at a rate that is equal to the rate of return on your project would be considered reinvesting cash flows at IRR. You must pick an alternative investment for the reinvestment that will generate the same revenue as your project. NPV offers a clear measurement, and it takes the size of the investment into consideration.
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home health manufactures medical supplies. for the month of april, it projects the following selling and administrative expenses: sales commissions: 8% of sales shipping expense: $12,800 advertising and marketing costs: $4,200 electric and water utilities: $1,900 equipment depreciation: $18,700 bad debt expense: $3,000 sales for the month of april equal $694,000. what is the total of expenses that will be reported on the budgeted income statement? $96,120 $619,580 $597,880 $74,420
The total expenses that will be reported on the budgeted income statement are $96,120.
Calculate the sales commissions:
Sales commissions = 8% x $694,000 = $55,520
Calculate the total expenses that will be reported on the budgeted income statement:
Total expenses = Sales commissions + Shipping expense + Advertising and marketing costs + Electric and water utilities + Equipment depreciation + Bad debt expense
Total expenses = $55,520 + $12,800 + $4,200 + $1,900 + $18,700 + $3,000
Total expenses = $96,120
Therefore, the total expenses that will be reported on the budgeted income statement are $96,120 and option number 1 is correct.
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Question 13 Minimum attractive rate of return refers to O The rate of return achievable from a safe government bond. O The rate of return that must be equaled or exceeded to render an investment attractive O The rate of return guaranteed on a bank savings account O The lowest rate of return required to attract foreign capital. Question 14: All of the following are examples of cash inflows except: O Income taxes O Asset salvage value O Operating cost reduction O Construction cost savings
Question 8 Items which are not easily expressed in terms of dollars are called: O Indirect costs O Variable costs O Intangible costs O Legal issues Question 9 Interest that is calculated using only the principal is called? O Simple interest
O Effective interest O Add-on interest
O Compound interest Question 15: All of the following are interest rates except: O Return on investment O MARR O Accrued interest O Rate of return
13: B- The rate of return that must be equaled or exceeded to render an investment attractive
The minimum attractive rate of return is that rate which is the minimum rate that must be attained in order to make an investment attractive. The other options may or may not match the attractive rate.
14: A- Income taxes
Income tax is a cash outflow because taxes are to be paid. Assets salvage value is a cash inflow because salvage amount comes into the business. Operating cost reduction and construction cost savings our cash inflows since they are saving the cash outflow from the business.
8: C- Intangible costs
Intangible costs are those costs which cannot be measured in monetary terms such as loss of valuable Manpower. Other costs can be measured in financial terms.
9: A-Simple interest
Simple interest refers to interest on the principal amount only. There is no interest on interest accumulated which is the case with the other options
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Dekak Motors, a car manufacturer, launches a new car that is priced much lower than other cars in the same segment. The firm is able to keep costs down by eliminating processes that do not add value to the product and by employing skilled workers who can perform multiple tasks. From the given information, it can be inferred that Dekak Motors most likely
a. uses a traditional assembly line
b. has a fixed position layout
c. carries a large inventory of raw materials
d. uses lean production
Deka Motors, a car manufacturer uses a traditional assembly line. Hence, option A is appropriate.
What is the Assembly line?A production method known as an assembly line divides the creation of a good across steps that are finished in a predetermined order. Assembly lines are the method used the most frequently in the mass production of commodities because they train unskilled workers to complete particular activities, and they lower labor costs.
A particularly typical and well-known example is the production of cars, where numerous pieces are individually put together to make the finished vehicle. The process may begin with engine installation and proceed to chassis assembly lines.
Hence, option A is correct.
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generating selective demand is the key promotional objective of which stage of the product life cycle?
Generating selective demand is the key promotional objective. Where there is an unconditional contract for the sale of specific goods in a deliverable state.
The property in the goods passes to the buyer when the contract is made, and it is immaterial whether the time of payment of the price or the time of delivery of the goods, or both, is postponed.
Specific goods to be put into a deliverable state: When there is a contract for the sale of specific goods and the seller is required to take certain actions to put the goods into a deliverable condition, the property does not pass until those actions are taken and the buyer is informed of them.
specific products that must be delivered when the seller must take action to determine price.—
When a seller is required to weigh, measure, test, or perform another thing with regard to the goods in order to determine the price under a contract for the sale of specified commodities in a deliverable state, the property does not transfer until that obligation is met.
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f the expected rate of return on the market portfolio is 15% and t-bills yield 4%, what must be the beta of a stock that investors expect to return 12%? (round your answer to 4 decimal places.)
The stock's systematic risk level is measured by its beta. The stock's return above the risk-free rate can be divided by the market risk premium to determine the beta.
How is expected return affected by beta?A stock's volatility in terms of returns in comparison to the market as a whole is measured by its beta (). It is a crucial component of the Capital Asset Pricing Model (CAPM) and is utilized as a risk measurement. A company with a higher beta faces both higher expected returns and greater risk.
Beta of a stock is 0.70 because Required Return = Risk Free Rate + Beta * (Market Return - Risk Free Rate) 12 percent = 5% + Beta * (15 percent - 5%) Beta * (10 percent) = 7% Beta = 7% / 10% = 0.70.
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form utility is created by making a product available at a location where customers wish to purchase it.
Place utility is created by making a product available at a location where customers wish to purchase it.
What is utility?
In economics, the term "utility" is used to define the value or worth of a good or service. More precisely, utility is the total enjoyment or value derived from utilizing a product or service. In economic theories of rational choice, it is frequently assumed that consumers would aim to maximise their utility.
The economic utility of a good or service must be understood since it directly affects demand and pricing. In practise, consumer utility is frequently difficult to measure or quantify. However, some economists believe that by combining a number of models, they may evaluate an economic good or service's effectiveness in an indirect manner.
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ursula company is considering the purchase of a new machine for $160,000. the machine would generate an annual cash flow before depreciation and taxes of $62,588 for four years. at the end of four years, the machine would have no salvage value. the company's cost of capital is 12%. the company uses straight-line depreciation with no mid-year convention and has a 40% tax rate. what is the internal rate of return (rounded to the nearest percent) for the machine? a.between 14% and 16% b.between 16% and 18% c.below 12% d.between 12% and 14%
The internal rate of return is $23,667.
IRR is the interest rate at which all cash flows sum to zero and is useful for comparing one investment to another. In the example above, if we replace 8% with 13.92%, the NPV will be zero, which is the IRR. Therefore, IRR is defined as the discount rate at which the project's present value is zero.
For example, in the world of commercial real estate, 20% IRR is considered good but it is important to remember that this is always related to the cost of capital. A good IRR is one that is higher than the initial amount that the company invested in the project.
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if significant changes are made to the policies and procedures manual, when should they be communicated to the members of the firm?
Any time a massive change is made to the PPM, it ought to be conveyed to the whole firm, and initials ought to be gotten from each firm part.
The way to have your strategies and methods function admirably is by ensuring they are successfully conveyed. Since the working environment is continually changing, strategies and systems change moreover. Conveying your strategies and methods consistently guarantees that your representatives are educated and ready.
Employers will give refreshed data to their workers at whatever point there is a change to existing strategies on the arrangement of occupation facilities that consider a representative's openness needs because of handicap.
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In economics, the term "shoutdown point" refers to the point where the Marginal cost curve crosses the total revenue curve average variable cost curve crosses the total revenue curve. Average variable cost curve crosses the marginal cost curve. Marginal cost curve crosses the average variable cost curve.
In economics, the term "shoutdown point" refers to the point where the marginal cost curve crosses the average variable cost curve. The Option D is correct.
What Is a Shutdown Point?A shutdown point refers to the level of operations at which a company experiences no benefit for continuing operations and therefore, decide to shut down temporarily or cases permanently. It often results from combination of output and price where the company earns just enough revenue to cover its total variable costs.
In essence, this point denotes the exact moment when a company’s marginal revenue is equal to its variable costs, that is, it occurs when the marginal profit becomes negative.
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think about all the restaurants that are located near your campus. you have probably noted some new ones appearing, and others closing because of lack of business. what type of competition exists in the restaurant business?
You have probably noticed some closing due to poor business and some new ones appearing. There is monopolistic competition in the restaurant industry.
Monopolistic competition: what is it?When a large number of businesses provide rival goods or services that are comparable but imperfect alternatives, monopolistic competition exists. A monopoly market industry has minimal entry requirements, and decisions made by any individual firm do not immediately affect those of its rivals.
What does "monopolistic competition" mean exactly?Monopolistic competitive market markets are so-called because, despite some degree of competition among businesses for the same clientele, each business's offering is marginally distinct from that of the others, giving each business a kind of mini-monopoly.
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Based on the case, Nokia’s use of social media allows for all of the following benefits except
A. crowdsourcing
B. upward communication
C. horizontal communication
D. downward commnication
E. connecting in real time over distance
E. Real-time remote connection, this is one of the advantages that Nokia's use of social networks does not allow.
What are social networks?They are all those structures that are formed on the Internet by people or organizations which allow individuals to connect to share common interests or values.
Social networks have become essential for companies as they are advertising media where they publicize their product or service in order to reach many more people. However, in some companies there is no real time connection through social networks because many people have a change of schedule which does not allow effective communication.
Learn more about social networks in: https://brainly.com/question/1272492
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