Based on the idiomatic concept and expression, the adage, "There is no such thing as a free lunch," means "People face tradeoffs."
What is the Adage?The adage is a term that is used to describe the proverbial terms or words which express a general truth.
In this case, the adage which is "There is no such thing as a free lunch," can be explained that even when people are getting free things, they are paying for it in another way, they might not be aware of.
This explanation is similar to the phrase "People face tradeoffs." This implies that to get a thing X, we will have to give up or sacrifice other things W, Y, or Z.
In other words, we have to decide to choose one alternative out of the many alternatives available to us.
Hence, in this case, it is concluded that the correct answer is option C. "People face tradeoffs."
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barbara is a single taxpayer who had a 2022 adjusted gross income of $25,000 and who contributed $4,000 to her traditional ira. assuming she has a $2,000 income tax liability for the year, what is her maximum retirement contribution savings credit?
The maximum retirement contribution savings credit for Barbara is $200.
Contributions made by individual taxpayers to classic individual retirement accounts (IRAs) are eligible for a tax credit of up to 10%, 20%, or 50% of the taxpayer's total contribution, with a maximum allowable contribution of $2,000.
The minimum and maximum allowed incomes are revised every year.
For persons with an adjusted gross income between $21,501 and $33,000 in 2021, the saver's credit rate is 10%.
In the example of Barbara, the contribution to her regular IRA is equal to $4,000.
The credit that Saver receives is equal to ten per cent of her donation, up to a maximum of two thousand dollars.
The maximum credit for savings contributions to a retirement plan is 10% of $2,000, or $200.
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clubb coffee wants to raise $20.8 million to expand its global coffee roasting operations. the company estimates the issue costs for legal and accounting fees will be $311,000. the underwriters have set the stock price at $30.50 per share and the underwriting spread at 8.2 percent. how many shares of stock must be sold to meet this cash need?
The number of shares is $753,991,214 shares of stock must be sold to meet this cash need.
The number of stocks to be sold is below:
No. of shares = (Amount Required + Issues costs) / (Stock Price x (1-Spread))
= $20,800,000 + $311,000 / $30.50 x (1 - 0.082)
= $753,991,214.
Hence, The number of shares is $753,991,214 shares of stock.
In financial markets, a share is a unit of equity possession in the capital inventory of an organization and can check with gadgets of mutual finances, restricted partnerships, and real property investment trusts. proportion capital refers to all the shares of a corporation. The owner of shares in an organization is a shareholder (or stockholder) of the organization. A percentage is an indivisible unit of capital, expressing the possession courting between the agency and the shareholder. The denominated price of a share is its face fee, and the entire face cost of issued stocks constitutes the capital of an enterprise, which might not mirror the market fee of those shares.
The income obtained from the possession of stocks is a dividend. There are one-of-a-kind types of shares such as equity shares, preference stocks, deferred shares, redeemable shares, bonus shares, proper stocks, and employee inventory choice plan shares.
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bookworm corporation maintains ending inventory for each month at 10% of the following month's sales. it predicted the following sales (in units) for the first four months of the coming year: january february march april sales (units) 3,700 4,100 4,700 4,500 how many units should be produced in march?
The predicted the following sales (in units) for the first four months is 4500 units.
How does inventory work?Inventory is the term used to describe all the products, materials, goods, and merchandise that a company has on hand and plans to sell to customers for a profit. The only item that will be regarded as inventory is the newspaper if the vendor delivers newspapers to customers using a vehicle. The car will be handled like an asset.
The importance of inventoryHaving a good inventory management system in place is crucial for any organization, regardless of its size. You can use it to calculate the exact prices and keep track of all your goods. You may manage rapid variations in demand with its aid while maintaining the quality of your products and the experience of your customers.
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The excess of issue price over par of common stock is termed a(n) discount income deficit premium
Out of the choices provided above, it can be concluded to state that the excess of issue price over par of common stock is termed as premium over allotment. Therefore, the option D holds true.
Share premium can be referred to or considered as the amount in excess of the face value or the par value of the shares being allotted to the applicant. The treatment of the premium amount is done separately while recording this financial transaction as a journal entry in the books of the issuing firm or the organization.
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assume you are the marketing director for a health food manufacturer specializing in gluten-free baked goods. you have been charged with gathering market intelligence for your company and so you decide to look at the clickstream data. your boss discovers what you are doing and becomes very upset. why?
There have been reports throughout the years that ISPs are selling user clickstream data to other businesses. The majority of customers automatically perceive this as a privacy invasion. Additionally, the corporation might suffer financial losses as a result of this, endangering its brand.
What exactly is Clickstream?Every time a user clicks on a link, an image, or any object on the website, the information is logged and saved and is known as a "clickstream." While it is possible to learn about a single person's habits, it is more beneficial to record thousands of clickstreams and analyze the patterns and preferences of your users.
Both a user's personal web browser and the server that hosts a website have the ability to store clickstreams. Additionally, clickstream data can be recorded and stored by internet service providers and online advertising networks.
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a corporate bond has a 13% coupon rate, pays interest semiannually, and matures in 15 years. the bond's par value is $1,000. if the investors' annual required rate of return is 10%, the intrinsic value of the bond should be:
A corporation has a 13% interest rates, per the question. The bond's present value is $1,231.
What do bonds do?An IOU-like debt security known as a bond. Bonds are used by borrowers to get funding from investor to provide a fixed-term loan to them. By purchasing a bond, people are lending to the issue, which might be a company, an agency of the municipality, or a municipal government.
Briefing:Bond Par Value = $1,000
Time to Maturity = 15 years
Coupon Rate = 13% semi-annually
YTm = 10%
Calculating Present Value of Bond,
Using TVM Calculation,
PV = [FV = 1,000, T = 30, PMT = 65, I = 0.10/2]
PV = $1,231
So,
Present Value of Bond = $1,231
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calculate the internal rate of return (irr), net present value (npv) and profitability index (pi) of earning an mba at a university assuming the initial cost of one-year mba program is $20,000 (upfront) that earns you a promotion that increases your annual salary (take-home pay) by $10,000 annually for 5 years. your cost of capital is 15%.
The Internal rate of return for the project is 41.04%.
The difference between the current worth of cash inflows and outflows over time is the net present value.
(NPV). The term net present value (NPV) refers to the profitability of a planned investment or project. NPV is the outcome of calculations to calculate current value payments A negative NPV investment will result in a net loss.
This idea underpins the net present value rule, which states that only investments with a net present value of zero should be considered.
A positive NPV should be considered.
Steps 2 and 3:
The internal rate of return can be calculated using the financial calculator below:
Toggle the CF switch.
CF0 =-$20,000. It is entered with a negative sign because it represents a monetary outflow.
The cash flow for each year should be entered.
Hit Enter and the down arrow after each cash flow.
To calculate the IRR after the final cash flow, press the IRR and CPT buttons.
The IRR for the project is 41.04%.
Step 2 explanation
When there are multiple periods of predicted cash flows, this formula is used to calculate the PV for each period.
periods. After investors or analysts have added the total, the initial investment is subtracted from the total.
To calculate the net present value (NPV). The price is determined by the company and the method of use. A discount rate will be applied. For example, the company will frequently use that proportion as the discount rate. For example, if shareholders expect a return on their investment.
Step 3/3
A negative NPV investment results in a net loss. The net present value is based on this concept.
Rule stating that only investments with a positive NPV should be considered. The discount rate will be determined by the company and the method used If shareholders expect a 10% return, that proportion is frequently used as the discount rate on their initial investment
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When a new partner is admitted to a partnership, there should be a(n) a. revaluation of assets b. realization of assets c. allocation of assets d. return of assets
Correct Option A. Revaluation of assets, According to their agreement, assets may be revalued to fair value when a new partner enters a partnership.
Upon partnership liquidation, assets are realised and distributed. In partnership accounting, the idea of a return of assets does not exist.
After taking into account salaries of $42,000 for Tanner and $60,000 for Teresa, they divide profits and losses in a 2:1 ratio. Net income of the partnership is $132,000. Tanner should receive $57,000, Teresa should receive $75,000, Tanner should receive $58,000, Teresa should receive $74,000, Tanner should receive $75,000. Teresa should receive $57.000, Tanner should receive $62,000. Sam and Sadie split the money 50-50. The partnership's net income for the current year is $40,000. Sam and Sadie each made a withdrawal of $15,000 from the account.
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a firm practices a chase strategy. production last quarter was 800. demand over the next four quarters is estimated to be 1000, 1000, 800, and 700. hiring cost is $25 per unit, and layoff cost is $15 per unit. over the next year, what will be the sum of hiring and layoff costs?
Costs associated with recruiting and firing total 7,500.
Describe the Chase Strategy.One tactic businesses employ to keep inventories at a constant level while meeting demand is the chase strategy. Because the chase method alters production to satisfy demand, it is occasionally referred to as demand matching.
Benefits
(A) Lower inventory levels are the primary advantages of a chasing strategy (free capital resources).
Reduced carrying costs are (B).
Example
When you order meals at a restaurant, the staff often makes the order by drawing supplies from a "stable inventory" level, or in other words, "chasing the demand."
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Which of the following accounts should be closed to Income Summary at the end of the fiscal year?
A. Merchandise Inventory
B. Accumulated Depreciation
C. Drawing
D. Cost of Merchadise Sold
The account closed to the Income Summary at the end of the fiscal year is D. Cost of Merchandise Sold.
What is the income summary?The income summary (otherwise known as the Income Statement) is a financial statement that summarizes the revenue and expenses.
The merchandise inventory, accumulated depreciation, and drawing are not closing entries to the income summary.
Thus, it is only Option D. Cost of Merchandise Sold, which is a temporary account, that can be closed to the Income Summary to determine the gross profit.
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1.) In analyzing the gains and losses from international trade, to say that Moldova is a small country is to say that
a. Moldova can only import goods; it cannot export goods.
b. Moldova’s choice of which goods to export and which goods to import is not based on the principle of comparative advantage.
c. only the domestic price of a good is relevant for Moldova; the world price of a good is irrelevant.
d. Moldova is a price taker
2.) Which of the following ideas is the most plausible?
a.Tax revenue is more likely to increase when a low tax rate is increased than when a high tax rate is increased.
b. Tax revenue is less likely to increase when a low tax rate is increased than when a high tax rate is increased.
c. Tax revenue is likely to increase by the same amount when a low tax rate is increased and when a high tax rate is increased.
d. Decreasing a tax rate can never increase tax revenue.
2.) Compared to several decades ago, the economy of the United States is
a. less dependent on international trade.
b. more likely to run a trade surplus with the rest of the world.
c. more dependent on international trade.
d. less likely to be affected by foreign economic crises.
c. only the domestic price of a good is relevant for Moldova; the world price of a good is irrelevant.
b. Tax revenue is less likely to increase when a low tax rate is increased than when a high tax rate is increased.
c. more dependent on international trade are the correct statements.
How does the price elasticity of demand factor into the fact that a higher tax rate can sometimes increase tax revenue while lowering it in other circumstances?
Consumers will pay more as a result of a higher tax rate. However, if prices increase, there will be a decrease in the level of economic activity. A higher tax rate may or may not result in higher tax revenue, depending on how much economic activity is lost as a result of the price increase.
International trade is the buying and selling of goods and services between businesses in various nations. The global market is used for the purchase and sale of machinery, food, raw materials, and consumer goods.
Therefore, the above-mentioned statements are true for the given questions.
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excessive fishing occurs because a. fishermen have other marketable skills and do not fear exploitation of fish reserves. b. fishermen rely on government managers to worry about fish populations. c. fishermen are unionized, so they are not concerned with externalities. d. each individual fisherman has little incentive to maintain the species for the next year.
Excessive fishing occurs because each individual fisherman has little incentive to maintain the species for the next year.
Spherical trigonometry is the branch of spherical geometry that deals with the metrical relationships between the sides and angles of spherical triangles, traditionally expressed using trigonometric functions. On the sphere, geodesics are great circles. Spherical trigonometry is of great importance for calculations in astronomy, geodesy, and navigation. The origins of spherical trigonometry in Greek mathematics and the major developments in Islamic mathematics are discussed fully in History of trigonometry and Mathematics in medieval Islam.
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search for cash advance title pawning, or tote the note online, use the guided research sheet to record information and answer questions related to these services
Utilizing your Mastercard to cover a bill, for example, a vehicle credit, through an outsider bill pay administration — instead of paying a trader straightforwardly. transfers by wire.
What is meant by a cash advance?
A cash advance is essentially a credit card issuer's short-term loan. You are borrowing money against your credit card's line of credit when you take out a cash advance.
What is the purpose of the $10 cash advance fee?
Using an ATM withdrawal or a convenience check to withdraw cash from a credit card's credit line incurs a fee known as a credit card cash advance fee. A flat fee (typically between $10 and $15) or a percentage of the amount withdrawn are the two most common types of cash advance fees.
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if there is a 20 year, 10% rate of return with 0 initial investment, $100 annual investment, expected inflation rate of 5%, how much money will i lose when accounting for inflation?
If a 20-year investment has a 10% rate of return, $100 is invested annually, and inflation is predicted to be 5%, then $12104.52 will be lost due to inflation.
A broad increase in the cost of goods and services across an economy is referred to as inflation. Each unit of currency may purchase fewer products and services as the general price level rises, hence inflation is associated with a decline in the purchasing power of money.
Annual Payment A = $500
r = 10%
n = 20 years
The FV of the annuity will be zero if there is no inflation.
FV = A * [(1+r)ⁿ⁻¹) / r
FV = 500 * [(1 + 10%)²⁰⁻¹) / 10%
FV = $28637.50 ---- (1)
The real rate of return is r if inflation is 5%. = 10% - 5% = 5%
then the annuity's FV
FV = A * [(1+r)ⁿ⁻¹] / r
FV = 500 * [(1 + 5%)²⁰⁻¹] / 5%
FV = $16532.98 ---- (2)
We discovered from equations 1 and 2 that
Therefore, The money I'll waste on inflationary accounting = 28637.50 - 16532.98 = $12104.52
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With regard to the cost-based price model negotiation strategy, which of the following is true?
a. Prices are based in some way upon market standards agreed to by both supplier and purchaser.
b. Prices float based on what the customer is willing to pay.
c. Potential suppliers each submit quotations as to price, delivery, and so on.
d. Prices are based upon supplier costs.
Cost-based pricing is a pricing strategy that sets prices based on the costs of producing, distributing, and selling a product, plus a fair rate of return for providing a product or service.
The Benefits of Cost-Based Pricing NegotiationsThis pricing strategy is often used when negotiating contracts between suppliers and purchasers, allowing for an agreement on prices based on the actual costs of the supplier.
The cost-based pricing model can be beneficial for both suppliers and purchasers.
For the supplier, it ensures that they are able to make a fair rate of return, while still providing the purchasers with a competitive price. Additionally, this pricing model allows the supplier to factor in production costs, such as labor, materials, and overhead. This ensures that the supplier is able to cover their costs and make a profit, while still offering the purchasers a fair price.Learn more about negotiation strategy at: https://brainly.com/question/14889079
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which of the following activities comes second in the direct marketing process? a) record is added to database b) customer is assigned to a product, channel or profitability segment c) most appealing direct marketing campaign is designed to promote most
b) customer is assigned to a product, channel or profitability segment in direct marketing process.
A marketing tactic known as "direct marketing" involves communicating with or even distributing products directly to consumers. That indicates that no outside parties are involved in the process.
Email, mail, texts, social media, and direct calls are just a few of the frequent methods used in direct marketing.
The method is described as "direct" if there is no middleman present. In contrast to conventional marketing strategies, this one emphasizes on reaching out to potential or interested clients directly.
One of the most effective methods to increase sales is internet marketing, commonly referred to as digital marketing. Undoubtedly, the internet has a wider audience than any other direct marketing instrument. There are billions of internet users worldwide, and a company may reach the greatest number of users by using effective online marketing tactics.
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Which of the following would not be an expected response from a decrease in the price level and so help to explain the slope of the aggregate-demand (AD) curve?
A.With prices down and wages fixed by contract, Millio’s Frozen Pizzas decides to lay off workers.
B.When interest rates fall, Sleepwell Hotels decides to build some new hotels.
C.The exchange rate falls, so French restaurants in Paris buy more Iowa pork.
D.Janet feels wealthier because of the price-level decrease and so she decides to remodel her bathroom.
With prices down and wages fixed by contract, Milli's Frozen Pizzas decides to lay off workers would not be an expected response from a decrease in the price level.
What happens to the budget line if prices don't change but consumer income does?Consumers will switch to the consumption of lower combinations of goods or services if their income declines. Since the cost of the commodities has not changed, the budget line will drop downward but the slope stays the same.
When one or both product prices fluctuate while nominal revenue (budget) stays the same, the budget line will alter. a change in the nominal income level with no change in the relative prices of the two goods.
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A business will not be successful unless it charges a price for its products that covers its total
A business will not be successful unless it charges a price for its products that covers its total costs and margin of profit.
Product pricing is an impotant decision a business should make. No matter what type of product a business sell, the price it charged to its customers will directly affect the success of a business and its sustainability.
All prices set for products must cover costs and profits. To lower its price, a business also should lower its costs. Prices should be reviewed frequently to assure the dynamics of cost, market demand, response to the competiton, and profit objectives. Price should be establised to assure sales.
There are some type of costs a business needs to take into consideration when deciding its product prices:
Direct and indirect costsFixed and variable costsCharging VATDirect costs is the cost a business spend directly on its production process. Indirect costs is the cost a business spend that are not directly related to the product.
Fixed costs are independent costs of a product that apply to the entire business despite the fluctuation of units produced. The amount of variable costs depends on the amount of unit produced.
VAT should be calculated as a percentage of a business' price. The rate charged by a business will be depend on the type of products.
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jorge, an american citizen, works as the sales manager at an office supply company. he is posted at the company headquarters in the u.s. and manages operations in china, making frequent and lengthy visits to conduct business meetings with his colleagues there. jorge may be considered to be a
Devan might be viewed as the business's global managing partner.
The managing partner is a member who also manages the business. They are responsible for managing operations on a daily level and executing long-term strategies. Partnerships and LLCs are both examples of company structures. Although there are many different types of partnerships, each with its own unique set of legal implications, it is usual in all of them for one of the partners to be designated as the managing partner and be in control of the day-to-day operations of the business. Other partners might actively participate but take a less strategic leadership role than the managing partner, or they might be totally disengaged and only provide financial support.
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When are firms likely to enter an industry? When are they likely to exit? ○ A Firms will exit an indust when price is greater than he minimum point on the average otal cost curve and firms will enter an industry when price 1s ess than the minimum point on the average total cost curve. O B. Firms will enter an industry when price equals marginal cost, but firms will exit an industry when price does not equal marginal cost. O C. Accounting profits attract firms to enter an industry, and accounting losses cause firms to exit an industry. O D. Firms will exit an industry when price is less than the minimum point on the average variable cost curve, and firms will enter an industry when price is greater than the minimum point on the average variable cost curve. E. Economic profits attract firms to enter an industry, and economic losses cause firms to exit an industry.
The correct answer is E. Economic profits attract firms to enter an industry, and economic losses cause firms to exit an industry.
Firms will enter an industry when there are economic profits to be made, and they will exit an industry when there are economic losses. Economic profits are profits that are greater than the opportunity cost of the resources used to produce the goods or services.
Economic losses are losses that are greater than the opportunity cost of the resources used to produce the goods or services. In other words, if the opportunity cost of the resources used to produce the goods or services is greater than the revenue generated from the sale of the goods or services, then the firm will experience an economic loss and will likely exit the industry.
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What is a set of quality standards developed by the International Organization for Standardization? OA. IOS 2009 ОВ. ISO 9000 O c. ISO 14000 O D. Malcolm Baldrige National Quality Award OE. Deming Prize
Option B is correct. ISO 9000 is a set of quality standards developed by the International Organization for Standardization.
ISO 9000 is a bunch of standards for quality management, created as a universally satisfactory standard for execution by organizations and different associations. It was made by the International Organization for Standardization (ISO) with input from standards professionals from many nations.
Quality management is the demonstration of managing every one of the cycles that go into accomplishing and keeping up with the ideal degree of greatness in the creation and conveyance of an item or administration. This incorporates the assurance of a quality strategy, making and carrying out quality preparation and confirmation, and quality control and improvement. It is additionally alluded to as total quality management (TQM).
ISO 9000 standards were created to assist manufacturers with really reporting the quality framework components that should be carried out to keep a productive quality framework. They are progressively being applied to any association or industry.
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Management control includes all of the following steps except.
Management control includes all of the following steps except A: revising budgets.
After strategies are set and plans are created, management’s basic task is to take steps to ensure that these created plans are carried out. This is the vital control function of management. And since management comprises directing the activities of others, a primary part of the control function is making sure other employees do what they are intended to do. Management control is implemented in order to guard against undesirable actions and encourage desirable actions.
"
Complete question:
Management control includes all of the following steps except A: revising budgets.
a. Revising budgets.
b. Schedule staffing.
c. Delegate work.
d. Monitor progress.
"
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which statement is true about registration of broker-dealers, investment advisers and their agents in a state? a registration as a broker-dealer or investment adviser expires 1 year from its effective date of january 1st
An investment advisory firm registered under the Investment Advisers Act of 1940 would meet the definition of a Covered Federal Advisor under the Act of 1940 and the Uniform Securities Act.
The best answer is B. The Investment Advisers Act of 1940 defines an investment adviser as anyone who sells securities advice for a fee. Advisors must be registered with the SEC. When an investment adviser has custody or possession of any funds or securities in which a client has a beneficial interest, he or she must engage an independent public accountant to verify those funds and securities on an annual surprise basis. In general, a broker may exercise discretionary power in a client's account only if the client has given the broker written authorization to do so and the broker's firm has approved the account for discretionary transactions. FINRA rules prohibit unauthorized discretionary trading, and doing so is a federal.
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karl bought five folders from pay-a-lot at a cost of $2.50 each. pay-a-lot had a 20%-off sale the following day. how much could karl have saved on the purchase by waiting a day?
Carl could have saved $2.50 on the purchase by waiting a day.
The five folders Karl purchased cost a total of $2.5 × 5 = $12.5.
If Karl had waited one day, he would have paid 80% of the original amount for the folders since the following day there was a 20% off discount.
80% of $2.5 is
80/100 × $2.5
= 0.8 × $2.5
= $2
Each file folder would have cost $2.
Karl would have purchased five folders if he had waited a day to buy them.
For 2 * 5 = $10 instead of $12.5, thus saving $12.5 - $10 = $2.5.
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Which of the following are the 5 measures on which a company's performance is judged/scored? Oood Copyrighty Gous Software in Copying, sparty website owned and contri
Earnings per share, ROE, Stock price, Credit rating, and image rating are the 5 measures on which a company's performance is judged/scored.
What is company performance?The financial and non-financial parts of an organization are combined to generate company performance. These elements can be examined to find areas for improvement and determine how successfully a company is carrying out its business strategy. The management's capacity to adapt to change at all levels, the kind of decision-making procedures employed and how well they work to create change, the effectiveness of the processes used to carry out managerial decisions.
In order to determine strengths and shortcomings, performance analysis entails analyzing processes, projects, and other important day-to-day activities. This broad study aids in providing corporate directors with greater clarity and focus regarding the operations of their employees.
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The complete question is:
Which of the following are the 5 measures on which a company's performance is judged/scored?
Earnings per share
Revenues and customer satisfaction
Latest stock price
Credit rating
ROE
Image rating
A minimum wage law (that sets the minimum wage above the equilibrium wage) can be expected to Increase employment for unskilled workers. clear the market for unskilled workers. increase the number of firms in those industries where the law Is effective. reduce the hours worked for some unskilled workers. all of the above
A minimum wage law (which increases the minimum pay above the equilibrium wage) can be expected to Increase employment for unskilled workers reduce the hours worked for some unskilled workers.
The point where labor supply and demand converge is the equilibrium market wage rate. Up until the moment where the additional expense of hiring an employee equals the additional sales revenue from selling their output, employees are recruited. In a competitive market, supply and demand decide wages. A rise in supply or a fall in demand will raise the equilibrium wage. The equilibrium wage will decline if supply or demand fluctuates. Use the labor demand and labor supply equations to get the equilibrium real pay and level of employment. 200 - 4L = 4L, or L = 25, so. W = 4(25) = 100 is the result of substituting L = 25 into the labor demand or labor supply equation.
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which of the following is not a central focus of the "economic perspective"?
A budget line is the filiation of two assets that a buyer can buy with a given amount of money.
What exactly is a budget?
A budget is a written plan that outlines how you are going to spend ones money each month. A budget ensures that you have enough money each month. You could perhaps run out of cash before the next paycheck if you don't have a budget. A budget demonstrates how so much money you earn.
What is the significance of budgeting?
A budget contributes to financial stability. A budget enables you to pay the bills on time, create a savings account, and fund major purchases like a car or home by controlling cost and sticking to a plan.
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if a person is highly risk averse, the marginal utility associated with a negative outcome outweighs the marginal utility from a positive outcome. higher; higher lower; lower higher; lower lower; higher
If a person is highly risk averse, the higher marginal utility associated with a negative outcome outweighs the lower marginal utility from a positive outcome.
What is marginal utility?The extra satisfaction which a consumer receives from possessing one more unit of an item or service is known as marginal utility.
The concept of marginal utility is helps in describing how customers make decisions to get the most out of their limited budgets. In general, until the marginal utility exceeds the marginal cost, consumers will keep buying more of a good.
There are three types of Marginal utility:
Positive Marginal Utility: When having more of something provides you more happiness, you have positive marginal utility. Assume you regularly eat a piece of cake, however a second piece would bring you even more joy. Then the marginal utility from cake consumption is positive.Zero Marginal Utility: It occurs when using more of an item provides no additional measure of satisfaction. For instance, you might feel reasonably full after 2 pieces of cake but not significantly better after a third slice. Your marginal utility on eating cake is 0 in this situation.Negative Marginal Utility: It occurs when you have an abundance of an item, and ingesting more is really hazardous. After eating three slices of cake, the fourth piece of cake may potentially make you sick.To know more about Marginal utility, check out:
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Which of the following is not a viable monetary policy target for the Fed? The inflation rate. The interest rate. The money supply. The money demand. Click to select your answer.
The correct option is D. The money demand. By increasing or decreasing the monetary base, the Fed can regulate the amount of money in circulation. The size of the Fed's balance sheet is correlated with the monetary base.
The need for money explains why people want a specific sum of money. The amount of money that people want to keep depends on the value of the transactions that need to be managed. The quantity of money sought increases with the volume of transactions. Demand for nominal currency varies in direct relation to price level. For instance, if prices increase by 10%, people will require 10% more money to make purchases. People need more money as Y rises because intended consumption rises along with the number of wanted transactions. Demands for money are influenced by real gross domestic product, interest rates, and price level. These three variables work together to determine how much of a person's wealth is held in interest-bearing assets and how much is held in cash and checking for daily expenses. A theory of money demand was established, in which money was effectively seen as an inventory maintained for use in transactions. Although liquid financial assets other than money offered better yields, maintaining such inventory was justified by the cost of transactions between money and these assets.
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the four sections of the usar are arranged in order on the income statement from most controllable to least controllable. true false
On the income statement, the four usar sections are indeed arranged in ascending order from most to least controllable.
What is the Uniform System of Accounts for Restaurants (USAR) meant to accomplish?
When reporting the financial results of all food service operations, it is required to use the Uniform System of Accounts for Restaurants (USAR). Managers of manufacturing operations typically face a wider range of challenges than managers of foodservice.
On a P&L created using the USAR, which item is listed first?
The first numerical entry on a P&L created with the USAR is the Cost of Sales. The costs of food, beverages, and employees are prime expenses in a restaurant.
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