The company 3M sent samples of Breathe Right Nasal Strips to NFL trainers. This was an example of a promotion strategy.
What is a promotion strategy?Promotion helps customers discover products they like and decide whether to buy from them. To reach a brand's target demographic, you can deploy promotional methods separately or in conjunction with one another. You may support a business in boosting sales and achieving success by being aware of the different techniques you can employ to effectively sell goods and services.
Companies can advertise their goods and services to clients using a variety of marketing techniques. They can use promotional methods to help them choose marketing plans that will successfully boost sales. You can advertise things to the right audience by being aware of the various promotional tactics.
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which of the 12 critical elements, in your opinion, were most difficult for the us companies to embrace and, therefore, to have caused the delay in the us companies catching up with the japanese companies?
In my opinion, the most difficult elements for American companies have been the focus on long-term stability and the commitment to continuous improvement.
American companies tend to focus on short-term profits and prefer quick wins over long-term investments, which is why many people struggle to keep up with their Japanese counterparts. Japanese companies take a long-term approach to business and focus on constant, incremental improvement over time, which has enabled them to create highly efficient and successful operations. American companies must take a page from the Japanese playbook and learn to prioritize long-term success and continuous improvement if they want to catch up with their Japanese counterparts.
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FILL IN THE BLANK. On 01.10.2013, the apple share price is $610 and the call option with exercise price $610 and exercise date 01.11.2013 is $10. With $610 you can buy exactly ___ apple share(s). If the share price increases to $630 on the 01.11.2013 you would have made $ ___ profits. If the share price decreases to $600 you would have made $ ___ losses. Alternatively, you could have bought ___ call options with $610. If the share price increased to $630 these call options would have resulted in a profit (net of buying outlays) of $ ___. However, if the share price would have decreased to $600, you losses would have been exactly $ [F]. What are the values of C and E
A call option is a deal that binds a buyer and a seller to buy a specific stock at a specific price until a specified expiration date.
How do call options operate?A call option is a deal that binds a buyer and a seller to buy a specific stock at a specific price until a specified expiration date. The call buyer has the option to exercise the call and buy the stocks; this is not an obligation.The right to purchase 100 shares of Apple stock at $100 up until the option's expiration date, for instance, could be provided by a single call option contract. Traders have a wide range of strike prices and expiration dates to select from.The right to purchase 100 shares of Apple stock at $100 up until the option's expiration date, for instance, could be provided by a single call option contract.To learn more about call option refer to:
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Rally, Inc., has identified an investment project with the following cash flows. If the discount rate is 8 percent, what is the future value of these cash flows in Year 4? What is the future value at a discount rate of 11 percent? And what is the future value at a discount rate of 24 percent?
Year Cash Flow
1 $700
2 $900
3 $1,400
4 $2,000
In general, the future fee of a sum of money these days is calculated through multiplying the amount of cash by a feature of the predicted charge of return over the predicted time period. Future cost works in the contrary way as discounting future money flows to the current value
How do you use future fee formula?FV components for periodic payments
To convert an annual pastime charge to a periodic rate, divide the annual rate by way of the variety of periods per year: Monthly payments: charge = annual hobby fee / 12. Quarterly payments: fee = annual hobby rate / 4 Semiannual payments: fee = annual interest rate / 2.
How is future price components derived?The future cost system is FV=PV(1+i)n, where the current fee PV increases for every period into the future with the aid of a factor of 1 + i. The future cost calculator makes use of multiple variables in the FV calculation: The existing cost sum. Number of time periods, typically years.
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https://brainly.com/question/2549802#SPJ4melanie works 50 hours each week and earns an hourly wage $w. she can work another hour, or she can enjoy an hour of leisure with her children. the opportunity cost of an hour of leisure is equal to
The opportunity cost of an hour of leisure is equal to the hourly wage $w.
When it comes to deciding how to spend your time, understanding the concept of opportunity cost is essential.
Opportunity cost is the cost of any activity measured in terms of the value of the next best alternative foregone. In terms of leisure, the opportunity cost of spending an hour of leisure is the hourly wage, $w, that you could have earned had you chosen to work instead.
Knowing this, you can make an informed decision about how to spend your time in the most profitable and enjoyable way.
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how much is fleming contributing to donaldson's closing costs under the contract from fleming to donaldson?
According to the contract between Fleming and Donaldson, Fleming will not cover any of Donaldson's closing costs.
By costs, what do you mean?Costs are the monetary value of purchases made for use by a company or other accounting entity of supplies, services, labor, products, equipment, and other items. It is the sum listed as the price on invoices and recorded as an expense or asset cost basis in bookkeeping records.
What do corporate expenses entail?Costs are the expenses a firm has to pay to produce goods and/or render services. Costs are significant to business because they: Are the thing that consumes a company's profits. are what separate creating a good profit margin from a low profit margin.
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your client operates a business under the cash method of accounting and uses the calendar year for the tax year. on november 30, 20x1, she finished a consulting job and billed the client, who sent her a check on january 6, 20x2. how should she treat this income and why?
The right response is D. From the information provided, it is pretty obvious that the proper response is As 20X1 income because revenue was made during that year.
What accounting is ?Accounting, which is frequently referred to as simply "finance," is the process of gathering, analyzing, and disseminating financial and other data on companies and businesses. Describe accounting. Maintaining records of a business's financial transactions is called accounting.
What are accounting fundamentals?Revenues, costs, assets, and liabilities are all topics covered by the fundamental accounting concepts utilized in business. Balance sheets, pay stubs, and cash flows statements are just a few of the records that track and record these factors.
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The Complete Question :
Your client operates a business under the cash method of accounting and uses the calendar year for the tax year. On November 30, 20X1, she finished a consulting job and billed the client, who sent her a check on January 6, 20X2.
How should she treat this income and why?
A) Half as 20X1 income and half as 20X2 income.
B) One-twelfth as 20X1 income and eleven-twelfths as 20X2 income
C) As 20X2 income, because the check was received during that year
D) As 20X1 income, because the income was earned during that year
Universal containers wants support agents skilled in a particular product line to own cases directly after customers log them from an automated channel. which feature meets this requirement
As Universal containers wants support agents skilled in a particular product line to own cases directly after customers log them from an automated channel, the feature that meets their requirements is a) Assignment Rules.
Universal Containers is looking for a way to ensure that support agents skilled in a particular product line are responsible for cases that are logged from an automated channel.
The perfect solution is to use Assignment Rules. Assignment Rules allow you to define criteria that will automatically assign cases to the right agents, ensuring that customers receive the best possible service.
With Assignment Rules, Universal Containers can make sure that their customers' cases are handled by the most suitable support agent, every time.
Universal Containers should implement Assignment Rules. Assignment Rules allow support agents to be automatically assigned to cases based on specified criteria, such as product line, customer, or case type. This ensures that the right support agents are handling the right cases.
Although a part of your question is missing, you might be referring to this question:
Universal containers wants support agents skilled in a particular product line to own cases directly after customers log them from an automated channel. which feature meets this requirement:
a) Assignment Rules
b) Workflow Rule
c) Administrative Rule
d) none of the above
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a customer has signed a letter of intent to buy at least $50,000 of a mutual fund in return for getting a lowered sales charge. the customer has already invested $40,000, and the customer notices on his account statement that the current nav of the position is $52,000. the fund is going to make a distribution of the $12,000 capital gain. the registered representative recommends that the customer take the capital gain as cash and use the proceeds to buy shares of the fund to finish the breakpoint. this suggestion by the registered representative is inappropriate because it was not disclosed that:
The capital gain would be automatically re-invested at NAV if not taken in cash while the purchase of the shares would occur at POP including a sales charge.
How do sales work?A sale is a deal that involves exchanging goods or services for money along with other factors. In other terms, a sale is any action that involves handing over ownership of a thing or commodity to the buyer in return for payment.
What precisely does a salesperson do?Simply put, a sales representative represents a company's brand and sells goods or services on its behalf. They oversee client connections and function as the main point of contact from the time a lead is first contacted until a sale is made.
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which of the following is not a reason for using the fixed-order-interval model? multiple choice question. a supplier's policy encourages orders at fixed intervals. the firm's operation does not lend itself to continuous monitoring. the firm desires to minimize inventory requirements. the firm can save on shipping costs by grouping orders from the same supplier.
The firm desire to minimize inventory requirements is not a reason for using the fixed-order-interval model.
With the option to combine all orders coming from the same supplier on the same day, the fixed interval model provides you with a true order scheduling capability for specific products. As a result, there will be fewer total orders to issue and more structured processes for importing items.
In the same circumstances, the fixed interval model results in larger stock levels than the order point model since inspections are made less often and demand might fluctuate more dramatically over longer time periods.
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submission status of job at taleo interview i applied to a job at taleo and i had interview then submission status was interviewing then today changed to completed does that means application is successful or not
The submission status was interviewing, then today changed to completed that means the application is successful.
What is application?An application, often known as an application program or application software, is a piece of computer software that carries out a specified task either directly for the end user or, in some situations, for another application. A program or combination of programs can be an application. A series of actions known as a program allows a user to operate an application. The operating system (OS) of the computer and other auxiliary software, usually system software, are required for applications to run. Through an application programming interface, a program communicates and requests services from other technologies (API). System software operates silently in the background and has no direct interaction with the user of the computer, in contrast to application software. System software, which typically consists of the OS, the hypervisor, and drivers, controls how the computer or instance operates.
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an issuer that is listed on the nyse is making an offering of convertible debentures. under uniform state law, which statement is false? a the administrator can require that the issuer make a notice filing in the state b the administrator can bring an enforcement action against the issuer if the offering is fraudulent c the administrator can subject the offering to state review and approval d the administrator can require the issuer to pay a filing fee in the state
This is a federal covered security (all exchange listed issuers are "federal covered") that can only be required to be registered with the SEC.
Which of the following does not meet the Uniform Securities Act's definition of a security?In the USA, a fixed annuity is not regarded as a security because it is an insurance contract. Securities are categorised as stock options, limited partnership interests, and commodities options in the USA.
The federal registration of recently issued securities is governed by the Securities Act of 1933. According to the Uniform Securities Act, a security must also be registered with the SEC in accordance with the Securities Act of 1933 in order to be registered via registration by coordination.
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a life insurance policy that contains an accelerated (living) benefit rider will provide funds if the
If a life insurance policy has an expedited (living) benefit rider, the money will be made available. The insured is anticipated to spend their entire lives in a nursing facility.
What is life insurance?Life insurance is a legal agreement between the owner of an insurance policy and an insurer, sometimes known as a "assurer," whereby the insurer guarantees to pay a specific beneficiary a certain amount of money in the event that the owner of the insurance dies.
Other circumstances, such critical illness or terminal disease, may also result in payment, depending on the terms of the contract.
A deal you are under with an insurance provider is life insurance.
In essence, the insurance company will reimburse your premium payments by giving your descendants a lump sum, or death benefit. Your beneficiaries are free to use the money for any purpose they choose.
Protecting the immediate estate to fulfill the requirements of survivors is the main goal of life insurance.
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amy has acquired her project team. the team members consist of employees from various departments in the same organization as amy. amy has never worked with these people before, so they are unfamiliar with her leadership style and what is expected from them. after letting each team member know what their roles and responsibilities are on the project, amy outlines the guidelines for the project team members to follow when working on the project. which action is amy currently engaged in?
Amy lays forth the rules that the project team members must adhere to in order to complete their assignment. Currently, Amy is working on establishing ground rules for her team.
What are the roles played by each project team member as well as the purpose of the team as a whole?The project team is responsible for contributing to the project goals and specific group deliverables by helping to organize project activities and completing assigned tasks/work within the acceptable quality standards. This will ensure the project's success.
Why is upholding ground rules so important?Ground rules are agreements about appropriate behavior in meetings. The purpose of ground rules is to explicitly lay out the group's expectations for how the team will conduct, avoiding or completely getting rid of misunderstandings and disagreements.
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According to Keynes, the level of economic activity is predominantly determined by the level of:A. Aggregate supply.B. Aggregate demand.C. Unemployment.D. Interest rates.
According to Keynes, the quantity of economic activity is primarily influenced by aggregate demand.
What is fiscal policy?Fiscal policy is the term used to describe how the government uses spending and taxation to influence the economy. Governments frequently utilize fiscal policy to promote strong, looooong growth and to reduce poverty.The two most important tools for implementing fiscal policy are taxes and expenditures. Taxes affect the economy by placing expenditure restrictions on both the government and the general public. For instance, the government may cut tax rates to encourage consumer spending.The word fiscal is derived from the Latin term fiscus, which meaning "basket" or "treasury". The fiscus, or emperor's treasury, was where money was actually kept in baskets and largely obtained through provincial taxes in ancient Rome.To learn more about fiscal policy refers to:
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Which of the following should serve as a detailed outline of the company and convince the audience to read the rest of the business plan?
answer choices
O Business Description
O Financial Plan
O Executive Summary
O Marketing Plan
c) Executive Summary serve as a detailed outline of the company and convince the audience to read the rest of the business plan.
An executive summary (or management summary, often known as a speed read) is a brief document or piece of a longer document created for business objectives.
It summarizes a lengthy report or proposal, or a series of linked papers, so that readers can become acquainted with a big body of content quickly without having to read it all. It often includes a brief summary of the problem or proposition addressed in the major document(s), background information, concise analysis, and main findings.
It is intended to help managers make decisions and has been considered as the most significant aspect of a business plan. Previously, an executive summary was known as a summary.
It varies from an abstract in that an abstract is normally shorter and meant as an overview or orientation rather than a condensed version of the whole document. Abstracts are widely employed in academic research where the concept of an executive summary is unfamiliar.
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which of the following securities can be registered by qualification in a state? a limited partnership b fractional interest in an oil and gas program c certificate of deposit for a security d all of the above
The SEC considers certain securities and transactions to be exempt from registration requirements.
What does the Uniform Securities Act entail when a security is registered with a state?Registration of a security in a State under the Uniform Securities Act entails the following: I have submitted disclosure paperwork to the Administrator. The Administrator has gone over the filing's accuracy and content. III The offered securities have the Administrator's approval.
Government securities, bank securities, high-quality debt instruments, non-profit securities, and insurance contracts are typical examples of exempt securities.
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listening to employee suggestions for improvement is an example of which 5s methodology for eliminating waste?
One example of the 5S process for eradicating waste is paying attention to employee recommendations for improvement. sustain.
What are synonyms for eradicate?
The words exterminate, extirpate, and uproot are some frequent alternatives of eradicate. All of these verbs refer to "to achieve the destruction or abolition of something," but eradicate denotes the removal or eradication of something that has already taken root. Currently, the illness has been entirely eliminated. His goal is to end poverty in/from his neighbourhood. frequently used adverbs with eliminate. completely, successfully, fully, finally, fully, permanently, effectively, wholly, finally, systematically, absolutely Smuggling can be all but difficult to completely eradicate. almost, substantially, virtually He asserts that persistent youth unemployment has all but disappeared.
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Fairplay Turns to a Managed Security Service Provider Fairplay Finer Foods is an independent grocery retailer that operates in the greater Chicago area. From its beginning, Fairplay's mission has been to provide quality foods at an affordable price along with exceptional customer service. Starting with a single store in 1975, Fairplay has since grown to seven locations. The opening of each new store led to increased sales and attracted new customers; however, expansion also raised new information system needs as well as information security risks. Due to its size, it was not practical for Fairplay to create and run its own information tech- nology organization, so it contracted with KCS Computer Technology, Inc., to provide these services along with the necessary computer hardware and systems. One of KCS's key accom- plishments for Fairplay was to implement and manage a corporate network that the grocery chain uses to run applications and communicate across all of its stores. Another important area of focus for KCS involved helping Fairplay manage issues related 5 to the Payment Card Industry Data Security Standard (PCI DSS). Retailers accepting credit cards and other forms of electronic payment are required to comply with the PCI DSS. The PCI DSS standard ensures that businesses follow best practices for protecting their custo- mers' payment card information. The necessity to comply with the PCI DSS standard along with concern over potential network security issues led Fairplay and KCS to seek out a man- aged security service provider (MSSP) After a thorough investigation, Fairplay and KCS selected ControlScan, an MSSP head- quartered in Atlanta. This choice was based on ControlScan's simple pricing model, stable of certified security experts, advanced technology, and solid reputation. As part of its contract with Cyberattacks and Cybersecurity
Fairplay Finer Foods, an independent grocery retailer in the Chicago area, contracted with a managed security service provider (MSSP) named ControlScan to help manage issues related to the Payment Card Industry Data Security Standard (PCI DSS) and potential network security issues.
Fairplay Finer Foods is a small independent grocery chain that operates in the Chicago area. As the company expanded, it became clear that it would not be practical for the company to create and run its own information technology organization.
Instead, they contracted with KCS Computer Technology, Inc. to provide these services along with necessary computer hardware and systems.
As part of this contract, KCS helped Fairplay manage issues related to the Payment Card Industry Data Security Standard (PCI DSS), which is a standard that ensures businesses follow best practices for protecting customers' payment card information.
The need to comply with this standard, along with concerns over potential network security issues, led Fairplay and KCS to seek out a managed security service provider (MSSP).
After a thorough investigation, they chose ControlScan, an MSSP headquartered in Atlanta, due to its simple pricing model, certified security experts, advanced technology, and solid reputation.
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which of the following procedures would provide the most reliable audit evidence? a) inquiries of the client's accounting staff held in private. b) inspection of pre-numbered client shipping documents. c) inspection of bank statements obtained directly from the client's financial institution. d) analytical procedures performed by auditors on the client's trial balance.
c) inspection of bank statements obtained directly from the client's financial institution. the following procedures would provide the most reliable audit evidence.
Financial institution, often known as banking institutions, are commercial firms that operate as middlemen for many forms of financial monetary transactions. In general, there are three sorts of financial institutions. Deposit-taking institutions, such as banks, building societies, credit unions, trust companies, and mortgage loan firms, take and manage deposits and provide loans. Insurance firms and pension funds are contractual institutions. Investment institutions include investment banks, underwriters, and other financial firms that manage investments. Financial institutions are typically classified into two types based on their ownership structure Some analysts observe a trend toward financial institution homogenisation, which is a tendency to invest in comparable regions and pursue similar business methods. As a result, there may be fewer banks serving.
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unhappy with some of the fees a local mortgage company charges her clients, renee decides to not do business with that company and convinces buyer brokers who show her listings to not do business with this company, either. what is this an example of?
The given situation is an example of a group boycott.
What is a group boycott?In terms of competition law, a group boycott is a particular kind of secondary boycott in which two or more rival businesses in a particular market refuse to do business with a company unless the latter agrees to stop working with one of their current or future rivals.
It is a type of refusal to do business and can be used to keep a rival out of a market or stop a new company from entering one.
Of course, real estate brokers must abide by antitrust regulations just like other sectors of industry.
A group boycott is when rival companies deliberately refuse to do business with a certain "target" company or individual.
Therefore, the given situation is an example of a group boycott.
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In its first year of operations, crane company recognized $31,700 in service revenue, $7,700 of which was on account and still outstanding at year-end. The remaining $24,000 was received in cash from customers. The company incurred operating expenses of $16,600. Of these expenses, $12,690 were paid in cash; $3,910 was still owed on account at year-end. In addition, crane prepaid $3,260 for insurance coverage that would not be used until the second year of operations
Under Cash Basis - $8050 ; Under Accrual Basis - $15700
Under the money premise, costs and income are kept in the period the money is gotten or spent.
Under the Accrual basis, costs and income are kept in the period caused.
Under Cash basis:
= Cash Income - cash costs - Prepaid costs
= 24,000 - 12,690 - 3,260
= $8,050
Under Accrual basis:
= Income for the year - Costs for the year
= 31,700 - 16,600
= $15,700
Accrual basis is a strategy for recording bookkeeping exchanges for income when procured and expenses when caused. The accumulation premise requires the utilization of remittances for deals returns, terrible obligations, and stock outdated nature, which are ahead of such things really happening. An illustration of accumulation premise bookkeeping is to record income when the connected receipt is given to the client.
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Complete Question -
In its first year of operations, crane company recognized $31,700 in service revenue, $7,700 of which was on account and still outstanding at year-end. The remaining $24,000 was received in cash from customers. The company incurred operating expenses of $16,600. Of these expenses, $12,690 were paid in cash; $3,910 was still owed on account at year-end. In addition, crane prepaid $3,260 for insurance coverage that would not be used until the second year of operations
Calculate the first year's net earnings under the cash basis of accounting, and calculate the first years net earnings under the accrual basis of accounting ?
brettson beauty supply asked the ad agency to show what they could do for the beauty supply company before they signed on with the agency. in this case, the ad agency must create a
Before signing on with the ad agency, Brettson Beauty Supply requested a demonstration of what the firm could accomplish for the beauty supply company. The advertising firm in this situation needs to develop a three-dimensional advertising strategy.
What are the three dimensions of marketing?Making ensuring the elevations of the adjacent neighborhood buildings, the proposed hotel, and the surrounding scenery were accurate was essential for the 3-D model. Making realistic 3D product models for use in 3D advertising allows people to engage with your brand's merchandise just as they would with a real one. In order to give users an immersive experience, 3D advertising frequently combines with Augmented Reality (AR) advertising. This places your product in the user's actual environment.
We questioned respondents in our most recent McKinsey study on marketing and sales about the three essential phases of marketing: finding and accumulating insights, designing goods and offers based on those insights, and bringing those products and offers to market. Advertisers can utilize 3D models to showcase their goods in a realistic manner and draw viewers in.
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when the price of surfboards drops bt 5%, the quantity demanded changes by 20%. you know that the price of elasticity of demand for surboards is
When the price of scooters drops by 5%, the quantity demanded changes by 20%. You know that the price elasticity of demand for scooters is: elastic.
The elasticity of demand alludes to the adjustment of demand when there is an adjustment of another financial component, like cost or pay.
Demand is thought of as inelastic assuming demand for a decent or administration stays unaltered in any event, when the cost changes,
Versatile products incorporate extravagance things and certain food and refreshments as changes in their costs influence demand.
Inelastic merchandise might incorporate things, for example, tobacco and professionally prescribed drugs as demand often stays steady regardless of cost changes.
Inelasticity of demand is obvious when demand for a descent or administration is static when its cost or other component changes,
Inelastic items are normally necessities without satisfactory substitutes. The most well-known merchandise with inelastic demand are utilities, physician recommended medications, and tobacco items.
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The complete question is:
When the price of scooters drops by 5%, the quantity demanded changes by 20%. You know that the price elasticity of demand for scooters is:
A: unitary elastic
B: inelastic
C: elastic
true or false: preferred stock can be issued to raise money without giving up control. true false question. true false
Preferred stock can be issued to raise money without giving up control. The given statement is True.
What do you mean by Preferred stock?
Preferred stock is a type of stock that gives shareholders priority over common stockholders in the event of a bankruptcy or other liquidation of a company. Preferred stockholders receive dividends at a fixed rate and may have the right to convert their shares into common stock. They also have priority over common stockholders in terms of voting rights and the receipt of assets in a liquidation. Preferred stockholders usually do not have voting rights, but may receive dividend payments before common stockholders. Preferred stock may also offer the holder the opportunity to participate in the sale of the company prior to the common stockholders.
So, The required answer is True.
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in june 20x1, mba retailers sold refundable merchandise coupons. mba received $15 for each coupon redeemable from july 1 to december 31, 20x1, for merchandise with a retail price of $17. at june 30, 20x1, how should mba report these coupon transactions?
By unearned revenues at the cash received amount as of June 30, 20x1, MBA reports these coupon transactions.
How should unearned income be represented on a cash flow statement?Unearned income is recorded as a liability on the balance sheet and is immediately reported in the cash flow statement after being received. In the income statement, it is noted that the service was provided in return for the payment.
How should unearned income be represented on a cash flow statement?Unearned income is recorded as a liability on the balance sheet and is immediately reported in the cash flow statement after being received. In the income statement, it is noted that the service was provided in return for the payment.
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which of the following best describes the journal entry to record the use of direct and indirect labor in production? multiple choice debit work in process and credit salaries and wages payable. debit work in process, debit manufacturing overhead, and credit direct labor. debit work in process, debit manufacturing overhead, and credit salaries and wages payable. debit manufacturing overhead and credit salaries and wages payable.
the following best describes the journal entry to record the use of direct and indirect labor in production debit work in process and credit salaries and wages payable. debit work in process.
Direct labor is any work whose volume varies with production. This implies that the group is limited to individuals who operate production machinery or staff an assembly line.Janitorial, maintenance, administrative, and management positions are all examples of support and managerial work that is regarded as indirect labor. As a cost of doing business that must sustain all levels of operations, indirect labor is much less likely to change with production volume.Comparison between Direct and Indirect LaborDirect labor differs from indirect work in that it only refers to labor that is directly involved in the manual production of commodities and services. All other work is by default classified as indirect labor. This distinction is significant.
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if a company focuses on the employees' job satisfaction and gathers information from the employees to improve morale and communication with the management, this type of organizational culture is called the
This type of organizational culture is called the Participatory culture. This type of organizational culture mostly emphasizes on the importance of involving employees in decisions that affect their work as well as job satisfaction.
They focus on open communication, mutual respect, cooperation and innovation. Management actively listens to employees and takes their feedback into account when making decisions. Employees are encouraged to speak their ideas and opinions and take responsibility for their own development. Emphasis is usually placed on employee satisfaction, creativity and teamwork. This type of culture helps create a work environment where everyone can thrive and reach their full potential.
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banc corporation trust is considering either a bank-wide overhead rate or department overhead rates to allocate $396,000 of indirect costs. the bank-wide rate could be based on either direct labor-hours (dlh) or the number of loans processed. the departmental rates would be based on direct labor-hours for consumer loans and a dual rate based on direct labor-hours and the number of loans processed for commercial loans. the following information was gathered for the upcoming period: departmentdlhloans processeddirect costs consumer14,000700$ 280,000 commercial8,000300$ 180,000 what is the overhead rate if banc corporation trust allocates the indirect costs using direct labor-hours?
According to the question, total costs for the Commercial Department= $118,800.
What does "cost" mean?A cost is the worth of money that has been expended to manufacture something or provide a service and is therefore no longer available for use in production, development, retail, and accounting. In the case of an acquisition cost, the money spent on the acquisition is considered the cost.
Providing the following details:
$396,00 in estimated overhead
Department: 700 =Consumers
300 = Commercia
Use the following calculation to determine the anticipated production overhead rate:
Entire estimated overheads for the period divided by the total amount of the allocation base gives the estimated manufacturing overhead rate.
Estimated manufacturing overhead rate
= 396,000/1,000
= $396 per loan processed.
Now, we can allocate overhead:
Allocated MOH
= Estimated manufacturing overhead rate× Actual amount of allocation base
Allocated MOH
= 396×300
= $118,800
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if a voluntary bailment is only of benefit to the bailor, what sort of responsibility does the bailee owe the bailor?
if a voluntary bailment is only of benefit to the bailor, the sort of responsibility does the bailee owe the bailor are Minimum duty of care.
What is voluntary bailment?
A bailment is the legally binding transfer of assets or property from a bailor—who temporarily gives up ownership but retains possession—to a bailee.The chattel or asset that is being bailed must be physically in the bailee's possession.There are three different kinds of bailments: those that are advantageous to both parties, those that are solely advantageous to the bailor, and those that are only advantageous to the bailee.Regardless of the manner of bailment, the bailee is always required to treat the bailor's property with reasonable care.Legal problems may arise from loss or damage to property brought on by failure to perform a bailment's obligations.To learn more about bailment
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4. Suppose this monopoly industry becomes perfectly competitive without changing the demand or cost curves. Identify the equilibrium price and quantity that would prevail in the perfectly competitive market.
Since the demand and cost curves have not changed, the equilibrium price and quantity would be the same as before the market became perfectly competitive in the monopoly industry.
What is monopoly?
A monopoly is a market structure in which there is only one firm producing a good or service. This firm has complete control over the market and can set the price for the good or service. Because there are no close substitutes and no other firms producing the same good or service, the monopolist has significant market power, allowing it to charge a higher price and produce a lower quantity than in a perfectly competitive market.
In a perfectly competitive market, the equilibrium price and quantity is determined by the intersection of the market demand curve and the market supply curve. The market demand curve represents the quantity of a good that consumers are willing to buy at different prices, while the market supply curve represents the quantity of a good that firms are willing to produce and sell at different prices.
In the case of a monopoly industry becoming perfectly competitive without changing the demand or cost curves, the market demand curve would remain unchanged, while the market supply curve would shift outward to the right. This is because in a perfectly competitive market, there are many firms producing the good, each with a small market share. As a result, each firm has little market power and must accept the market price. Therefore, the equilibrium price and quantity in a perfectly competitive market would be lower than that of a monopoly market, as the market price would be determined by the intersection of the market demand and supply curves, which are more elastic in a perfectly competitive market.
For example, if the demand curve is Qd=100-2P and the cost curve is Qs=10+2P
the equilibrium price and quantity under monopoly would be P=45 and Q=55
but under perfect competition, the price would be P=20 and Q=80
This is because under perfect competition, firms are price takers and they have to produce at the market price. So the firm will produce where price equals marginal cost and that is why we see the equilibrium price and quantity is different from monopoly.
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