A company's profitability is determined by how much money it makes compared to how much it spends. If the discount rate is 7%, the profitability index is 0.96.
Explain about the profitability?More effective businesses will make more money relative to their costs than less effective businesses, which must spend more to make the same amount of money.
A company's ability to make a profit determines whether it can obtain bank financing, draw in investors to finance its operations, and expand. Without making a profit businesses cannot stay in operation.
The proportion of a company's income to its expenses is known as its profitability. The amount of money a business makes through operations and activities is used to calculate its income.
Since most industries often regard 10% as the average and 20% as high or above average, consider aiming for profit ratios between 10% and 20% while keeping an eye on the industry average.
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a method of adr that brings in an independent reviewer to address complex or industry-specific disputes is
A method of ADR that brings in an independent reviewer to address complex or industry-specific disputes is an expert.
Alternative dispute judgment (ADR) refers to the various habits people can resolve disputes outside a trial. Common ADR processes contain intervention, adjudication, and noncommittal evaluation.' ADRs are a form of impartiality protection that was designed expressly to simplify unfamiliar establishing for American financiers. An ADR is circulated by an American bank or entrepreneur.
It represents individual or more shares of external-guest stock owned by that bank in the home stock exchange of the foreign party. Some somewhat differences between the two trades over the conditions of a compromise marked by two together parties complicated are called disputes. They can occur in some somewhat trade arrangement and are mainly certain over an association's career.
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the menu of actions management can take to change problem culture does not include which of the following? a. making a compelling case for why the company's new strategic direction and culture-remodeling are in the organization's best interests and why company personnel should wholeheartedly join the effort to doing things somewhat differently. b. replacing senior executives who are strongly identified with the old culture and who may be stonewalling needed organizational and cultural changes. c. promoting individuals who are known to possess the desired cultural traits, who have stepped forward to advocate for the shift to a different culture, and who can serve as role models for the desired cultural behavior. d. revising policies and procedures in ways that will help drive cultural change. e. shifting from decentralized to centralized decision-making so as to give senior executives more authority and control in driving the cultural change.
The menu of actions the management team can take to change the existence of problem culture does not include (E) shifting from decentralized to centralized decision-making so as to give senior executives more authority and control in driving the cultural change.
Making a difference may be simpler than you think if the cultural issue you've identified only affects one group or one person. If the issue just affects one person, attempt direct communication. Discuss the effects you are witnessing with the person and make an effort to comprehend their point of view.
If a straightforward discussion doesn't resolve the issue, you should seek HR's guidance on a positive course of action. Make sure you comprehend each of the main players' perspectives if the issue is the team dynamic.
Listen without passing judgment. You can begin to serve as a mending bridge if you can establish confidence with each of the parties involved.
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true or false: connie can clean windows in large office buildings at a cost of $1 per window. the market price for window-cleaning services is $3 per window. if connie cleans 100 windows, her producer surplus is $100. select one: true false
The statement is False. The cost of production and producer surplus is that the worth of a trafficker is paid. Unless markets area units absolutely competitive, they'll fail to maximize the overall profit to patrons and sellers.
Let P represent price; let Q^S represent the amount supplied; and assume the equation of the provision curve is: P = ten + (1/4)Q^S. For a deal to achieve success, the worth should fall between the minimum the vendor can settle for, and therefore the most the customer can pay.
Consequently, the vendor receives quite their lowest acceptable worth (producer surplus), and therefore the client gets the item for less than they were willing to pay (consumer surplus).
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How do most companies pay the current liabilities incurred by day-to-day operations?.
Current assets, or possessions used up within a year, are generally used to settle current liabilities.
Why do you use the term "current liabilities"?Current liabilities are debts or commitments that fall due within a year or during the regular business cycle. Additionally, current obligations are paid off by using a current asset, either by generating a fresh current liability or by using cash.In accounting, current liabilities are frequently interpreted as all debts owed by a company that must be paid in cash within the fiscal year or the operational cycle of that particular company, whichever is longer.Current assets, or possessions used up within a year, are generally used to settle current liabilities. Accounts payable, short-term loans, dividends, and notes payable are a few examples of current liabilities, along with any outstanding income taxes.To learn more about Current assets refer to:
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what is the rarest skin, backbling, glider, contrail and banner in #ortnite
Answer:
renegade raider, black shield, mako glider, cash flow, world cup 2019
Explanation:
What is the difference between the contractual interest rate and the market interest rate?.
A market interest rate is not unique to a particular loan; rather, it is universal in nature. One individual loan agreement between two parties is subject to the contract interest rate.
What are the bond market rate and contract rate?A market interest rate is not unique to a particular loan; rather, it is universal in nature. One individual loan agreement between two parties is subject to the contract interest rate.The interest rate specified on a bond is known as the contractual interest rate, which is defined as "the interest the borrower must pay and the interest the lender receives," as opposed to the market interest rate, which is defined as "the investors demand for loaning funds." As a result, bonds may be sold at face value, a discount, or a premium.Bonds will trade at a discount if the market interest rate is higher than the agreed-upon rate. Discounted bonds will also have an issuance price that is lower than their face value.To learn more about Market interest rate refer to:
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a weak dollar is normally expected to cause: a. high unemployment and high inflation in the united states. b. high unemployment and low inflation in the united states. c. low unemployment and low inflation in the united states. d. low unemployment and high inflation in the united states.
Answer (d) is the proper selection. In the U.S., a weak dollar is typically predicted to result in low unemployment and high inflation.
When the dollar is weak, what happens?In essence, a weaker dollar means that less foreign cash may be exchanged for one U.S. dollar. This has the result that both items priced in US dollars and goods made outside the US cost more to buy for US consumers.
Does inflation rise when the dollar is weak?In theory, a decline in the exchange rate will boost inflation in two different ways. First, import-related price increases will contribute to inflation by raising the cost of products and services.
Does a declining dollar result in joblessness?Unemployment may change as a result of foreign exchange rate changes. As exports lose some of their competitiveness due to currency appreciation, domestic demand declines. Local businesses may try to minimize expenses by laying off employees, which will raise the unemployment rate.
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Once the adjusting entries are posted, the adjusted trial balance is prepared to?.
To guarantee the accuracy and balance of the period-ending financial statements, the adjusted trial balance is finished.
What is prepared after the adjusting entries are entered?At the conclusion of an accounting period, a trial balance is created, and adjusting entries are then made in your accounting journals.The same as with any other accounting journal entry, adjusted entries are made in your accounting journals and then posted to the general ledger.An adjusted trial balance is used to make sure that the total debits and total credits of all accounts are equal. It is a list of all the accounts with their adjusted balances.The final financial statements are created using the corrected trial balance.To learn more about financial statements refer,
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you are a network techinan working on a number of calls for small businesses and you realize you are going tp be late to your next call what is the best course of action
As a network technician, you are working on several calls for small businesses when you realize you will be late for your next call. The best course of action is to call the customer and let them know you're running late.
A network technician is what?The term "network technician" is frequently used to refer to a wide variety of technical job functions inside of an organization. This person is a member of the group responsible for looking after an organization's brain.
Additionally, as companies have become more dependent on technology, the function of the network technician has grown in significance.
A network technician's primary responsibilities include setting up, maintaining, troubleshooting, and fixing computer and network systems. They are in charge of establishing various types of networks, connecting them, and setting up internet connections in this capacity.
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a company has actual unit demand for four consecutive years of 100, 105, 135, and 150. the respective forecasts were 120 for all four years. which of the following is the resulting mad value that can be computed from these data? multiple choice 20 30 2.5 22.5 10
The mean absolute deviation value, based on the data on the demand for four consecutive years, is A. 20.
How to find the mean absolute deviation?To find the mean absolute deviation, first find the absolute error, between the forecasts and the actual unit demand in the four years.
Year 1: Year 2:
= Forecasted - actual unit demand = 120 - 105
= 120 - 100 = 15
= 20
Year 3: Year 4:
= 135 - 120 = 120 - 150
= 15 = 30
The mean absolute deviation value is therefore:
= ( 20 + 15 + 15 + 30) / 4 years
= 20
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17. a firm with variable-rate debt that expects interest rates to rise may engage in a swap agreement to
The correct answer is B) Pay floating rate and receive a fixed rate. Thus A firm with fix rate debt that expects interest rates to fall may engage in a swap agreement to pay a floating rate and receive a fixed rate.
This statement is correct because the firm is already paying fixed interest on its debt which may fall. So, the firm will swap this agreement using a floating-to-fixed swap in which the firm will going to pay an interest rate (floating rate) and will get a fixed interest rate. Here the firm is already paying a fixed interest rate on its debt so it will not choose to pay a fixed interest rate. It will not swap it with fixed to floating swap.
The complete question is: A firm with fix rate debt that expects interest rates to fall may engage in a swap agreement to:
A) pay fix rate interest and receive floating-rate interest.
B) pay floating rate and receive a fixed rate.
C) pay a fixed rate and receive a fixed rate.
D) pay a floating rate and receive a floating rate.
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Suppose that Third Fidelity Bank currently has $200,000 in demand deposits and $130,000 in outstanding loans. The Federal Reserve has set the reserve requirement at 10%.
Reserves?
Required Reserves?
Excess Reserves?
At the tip of a year once a corporation earns a profit-bound portion of its maintenance within the business to satisfy future contingencies, growth prospects, etc. This quantity of cash unbroken aside is termed as reserves.
Reserves:
= Demand Deposits - Loans
= $200,000-$130,000
=$70,000
What are Required Reserves?
=Demands Deposits x Require Reserve Ration
= $200,000x0.1
=$20,000
What are Excess Reserves?
=Demands Deposits x Required Reserve Ratio
=$200,000x0.1
=$20000
Excess reserves are a security buffer of types. monetary corporations that carry excess reserves have an additional life of safety in the event of sudden loan loss or important money withdrawals by customers. This buffer will increase the protection of the banking industry, particularly in times of economic uncertainty.
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If the economy is in long run equilibrium with 6% inflation and 3% economic growth, and the federal reserve permanently decreases the rate of money supply growth, the long run result will be?.
An inflation rate less than 6%, and economic growth rate of 3%.
How does low inflation lead to economic growth?Because the price level growth rate is simply another term for the inflation rate, the inflation rate must fall.Increased economic growth means more products for money to "chase," putting downward pressure on the inflation rate. The lower the inflation rate, the greater are the productive effects of a reduction.Economic growth is assessed by the rate of increase in national income, deflated by the cost of living index.National income was deflated in constant prices by the population indices to account for population growth. Low inflation usually indicates that demand for products and services is lower than it should be, which slows economic growth and lowers wages.This poor demand can even cause a recession with increased unemployment, as we witnessed during the Great Recession a decade ago.To learn more about growth rate of inflation refer
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in which stage is a visit from a meeting planner likely to occur to a hotel when trying to decide on an appropriate location for an important meeting?
The stage where a visit from a meeting planner is likely to occur to a hotel is the general need description.
Finding the perfect location is one of the very first steps in preparing for a meeting or a conference. Understanding the target audience is recognized to be a factor that can help someone decide what information to include, how to organize that information, and what kind of supplementary material would be required. All this is included in a general need description.
The overall qualities and amount that is required of an item or any other thing the firm desires to take up are described in the general need description. It also shows a meeting planner visiting a hotel to determine whether the setting for an important gathering will be adequate.
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discuss 3 motivational and 3 time management success strategies that you will incorporate after you have read this week's chapter and watched the videos. how do you plan on implementing the strategies in school and beyond?
The answer to this question should be subjective. These are the basic time management and motivational strategies given on the bases of Padrón's story are given.
The three time-management and motivational success methods that I'll use in school and afterward are as follows:
Motivational Success Strategies
Maintain my priorities while also making time for fun: In this situation, I will be very aware of my priorities and accomplish tasks properly. I'll also recreate it, though, because it will help me stay energized and increase my productivity. focusing on short-term objectives while keeping my long-term objectives in mind: I will constantly endeavor to accomplish the following immediate goal while reaching for the future goal, whether it is in school or any other professional organization.
Working with a good attitude: Regardless of whether I experience success or rejection while carrying out any of my activities, I would still move forward and work in a very upbeat manner.
Strategies for Successful Time Management
Divide up big undertakings into smaller ones: One must frequently experience a setback at the beginning of a big project as a student, whether it's a written paper or assignment for class, reading a book, or a long assignment. As a result, it is always practical to divide a large project into stages, schedule them at various times, and start with the first section that would require the least amount of time.
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Ed decided he had to say something. He thought about saying, "barry, you’re ruining my life with all the work assignments. " instead, he said, "barry, lately i’ve felt overworked and wondered if we could talk about my work assignments. " what principle of holding a difficult conversation is most at play here?.
The solution is remaining composed and blocking out noise. Instead of reacting quickly and telling Barry that he was wrecking his life, Ed remained composed and talked to him about his tasks.
Explanation
Barry and Ed had been coworkers for more than five years. They actually regarded one another as close friends.
But recently, there has been tension in their relationship. Ed felt that Barry was assigning him too much work without providing any genuine incentives or rewards. As a result, Ed had frequently canceled family commitments in order to complete the task. Barry, on the other hand, couldn't fathom Ed's recent icy treatment of him.
Ed finally made the decision that he had to speak up. Barry, you're killing my life with all these job assignments, he considered saying. The alternative was, "Barry, I've feeling overworked lately and wondering if we might talk about my work duties."
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assume drivers of private cars are required to buy private auto insurance. if the cost of private auto insurance were to increase, then
Assume that owners of private vehicles must get private auto insurance. The demand for private vehicles would decline and the need for public transit would rise if the price of private auto insurance were to rise.
Following the country's involvement in the conflict, massive government propaganda encouraged people to carpool, walk, or take public transportation, which had an immediate and significant impact on the daily lives of normal Americans.
Giving more people access to transportation to their place of employment is one approach to increasing the workforce and boosting a city's economy. This makes it less difficult to rely on someone who owns a car to make a living or to require to be able to buy a car and gas.
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Everi holdings’ recent $18 million acquisition should help venuetize continue growing its mobile tech and e-commerce platform outside of the u. S. What is the world’s no. 1 betting country?.
China, particularly Hong Kong and Macau, is one of the top five countries with a large number of sports enthusiasts.
Hong Kong turned hooked up as a colony of the British Empire after the Qing Empire ceded Hong Kong Island from Xin'an County on the give up of the first Opium warfare in 1841 then again in 1842.[18] The colony increased to the Kowloon Peninsula in 1860 after the second Opium battle and turned into in addition extended when Britain obtained a 99-12 months hire of the brand new Territories in 1898.[19][20] British Hong Kong was occupied by using Imperial Japan from 1941 to 1945 for the duration of world battle II; British administration resumed after the give up of Japan.[21] The entire territory turned into transferred to China in 1997.[22] As one among China's two special administrative regions (the opposite being Macau), Hong Kong maintains separate governing and economic systems from that of mainland China underneath the principle of "one usa, structures".
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What does a decrease in federal government purchases do to the neo-keynesian model used in class?.
Keynesians believe that due to the fact expenses are extremely inflexible, fluctuations in any component of spending—consumption, funding, or government fees—purpose output to exchange.
If government spending will increase, for an instance, and all different spending additives continue to be consistent, then the output will grow.
It blanketed tax cuts/credit and unemployment benefits for families; it also earmarked expenses for healthcare, infrastructure, and education. those stimulus measures and federal interventions helped America's economy get better, preventing the splendid Recession from turning into any other complete-blown depression.
He argued that uncertainty prompted people and agencies to stop spending and making an investment, and government have to step in and spend cash to get the financial system lower back on course.
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Marketing research is the process of defining a marketing problem and opportunity, systematically collecting and analyzing information, and ________.
Marketing research is the process of defining a marketing problem and opportunity, systematically collecting and analyzing information, and recommending actions to improve an organization's marketing activities.
The key purpose of marketing is to get humans interested in the products or offerings of a company. This takes place via market evaluation, studies, and considering the hobby of a commercial enterprise's ideal customers and attracting them through messaging which would be academic and useful to a commercial enterprise's goal institution.
An advertising plan is the advertising strategy that an enterprise will implement to sell its products or services. The marketing plan will assist determine who the target marketplace is, how high-quality to attain them, at what fee factor the services or products need to be sold, and the way the business enterprise will degree its efforts.
Well, you could and that tool is the net, the maximum powerful advertising, and marketing tool on the planet with nearly limitless reach. Many small agencies feel that old-college advertising and marketing approaches are sufficient. If this sounds like you, you then are not utilizing the internet to its full ability.
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g nintendo's ebit is $350, its tax rate is 21%, depreciation is $50, capital expenditures are $70, and the planned decrease in nwc is $40. what is the firm's fcff?
The firm's free cash flow is $296.5
The cash generated from the core operations of a business is calculated in the operating cash flow statement and robust operating cash flows are critical for the company's fundamentals and valuation. High operating cash flows allow the company to fund growth using internal funding rather than the use of leverage or issuing equity.
Earnings Before Interest and Tax = $350
Tax Rate = 21%
Therefore,
Net Income = Earnings Before Interest and Tax * ( 1 - Tax Rate )
Net Income = 350 * ( 1 - 0.21 )
Net Income = $276.5
The operating cash flow can be calculated as follows -
Operating Cash Flow = Net Income + Depreciation + Decrease in Net Working Capital
Operating Cash Flow = 276.5 + 50 + 40
Operating Cash Flow = $366.5
The free cash flow is calculated from the operating cash flow and capital expenditure as follows -
Free Cash Flow = Operating Cash Flow - Capital Expenditure
Free Cash Flow = 366.5 - 70
Free Cash Flow = $296.5
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Company issued , %, -year bonds for , with interest paid annually. Assuming straight-line amortization, what is the carrying value of the bonds after one year?.
Neufeld Company issued $2,000,000 of 6%, 5-year bonds at 98, which pay interest annually. Assuming straight-line amortization, $1,968,000 is the carrying value of the bonds after one year.
($2,000,000 × .98) + [($2,000,000 × .02) ÷ 5] = $1,968,000
(Face value. × 98%) + [(face value. × (1 - .98)) ÷5
Bonds are issued when governments and companies want to raise money. By purchasing a bond, you are making a loan to the issuer, who agrees to repay the face value of the loan by a specified date and to make regular periodic interest payments. I accept. If you buy them in a month, you will accrue interest. Twice a year, we add to the bond's principal value all interest earned by the bond during the last six months. This gives the bond a new value (old value + interest income).Learn more about bonds here: https://brainly.com/question/25965295
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Disclaimer: The question is incomplete. Please read below to find the missing content.
Neufeld Company issued $2,000,000 of 6%, 5-year bonds at 98, which pay interest annually. Assuming straight-line amortization, what is the carrying value of the bonds after one year?
the regulatory system that has evolved in the united states whereby banks are regulated at the state level, the national level or both is known as a
A dual banking system is the name given to the regulatory framework that has developed in the United States and allows for the regulation of banks at the state, federal, or both.
State banks and national banks are regulated and chartered at different levels of government in the United States. Dual banking is what is meant by this. Under the U.S. dual banking system, national banks are chartered, governed, and supervised by government authorities.
The state-chartered banking system is still functional today, and the dual banking system is still in effect. More than 80% of the roughly 5,000 banks in the country are state-chartered, up from 69% in 1980, as shown in the table below.
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in the months prior to the chapter 7 bankruptcy, what actions were taken by ashmark to reduce their risk? how effective were those actions?
in the months before the chapter 7 bankruptcy, the action taken by ashmark to reduce its risk was to spend money before filling. This is very effective.
Bankruptcy is a legal process involving a person or business that is unable to repay its debts. The bankruptcy proceedings begin with an application filed by the debtor, which is most common, or on behalf of the creditor, which is less common. All debtor assets are measured and evaluated, and these assets can be used to repay part of the debt.
Bankruptcy offers individuals or businesses the opportunity to start over by writing off unpaid debts while giving creditors the opportunity to obtain multiple payment measures based on the individual or business assets available for liquidation. In theory, the ability to file for bankruptcy benefits the economy as a whole by providing people and companies with a second chance to gain access to credit and by providing some debt repayments to creditors. After successfully completing the bankruptcy process, the debtor is released from debt obligations that arose before filing for bankruptcy.
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Given a stock index with a value of $1,125, an anticipated dividend of $33, and a risk-free rate of 4%, what should be the value of one futures contract on the index?.
The fair value of a futures contract is the price of the contract that is neutral between a stock buyer buying on a physical exchange and actually buying the stock and agreeing to buy the futures contract.
An index futures contract is a legally binding contract between a buyer and a seller that tracks the price of the underlying stock of the index. It allows traders to buy and sell contracts on financial indices and settle at a later date. A futures lot size is the minimum ticket size of a stock that can be traded on a futures contract. When trading futures and options, these instruments may only be bought or sold in at least 1 lot or multiples of the lot size. For example, Nifty's lot size is 75 units, so Nifty can only trade in multiples of 75.
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the segmented markets theory can explain a. why yield curves usually tend to slope upward. b. why interest rates on bonds of different maturities tend to move together. c. why yield curves tend to slope upward when short-term interest rates are low and to be inverted when short-term interest rates are high. d. why yield curves have been used to forecast business cycles.
The segmented markets theory can explain why yield curves tend to slope upward when short-term interest rates are low and to be inverted when short-term interest rates are high.
An amount over and above the repayment of the principal sum is known as interest and is paid by a borrower or deposit-taking financial institution to a lender or depositor at a set rate. Interest is the cost of borrowing money or the fee you charge to lend it. Most frequently, interest is shown as an annual percentage of the loan amount. The interest rate for the loan is denoted by this proportion.
A financial market is a setting where businesses and individuals negotiate contracts to buy or sell a particular good, like a stock, bond, or futures contract. The total number of buyers and sellers in a given area or region is referred to as the market.
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considerations must be made in order to successfully integrate the usage of business intelligence systems in a company. these considerations include:
Considerations, in order to successfully integrate the usage of business intelligence systems in a company, include organizational culture, utilization of the system, and the mission of users valued by the system.
The system must be used and accepted by the users in order to add value to the organization. If the system does not further the users' mission, they will not use it. Success can be improved by involving senior management to help integrate BI into the organizational culture. Business intelligence (BI) combines business analytics, data mining, data visualization, data tools and infrastructure, and best practices to assist organizations in making decisions that are more data-driven.
In actuality, you can tell if you have modern business intelligence when you can use your organization's data to drive change, eliminate inefficiencies, and respond quickly to supply or market changes. Flexible self-service analysis is a top priority for modern BI solutions.
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What did george w. Bush’s council of economic advisers conclude was a long-run effect of immigration on government budgets?.
The George W. Bush administration's council of economic advisers came to the conclusion that there was no long-term impact of immigration on government spending since immigrants from Europe and the Caribbean do not rely on social assistance.
What was the Council of Economic Advisers?The President receives impartial economic advice from the Council of Economic Advisers, a unit of the Executive Office of the President, on how to formulate both domestic and foreign economic policy.Currently, the Council consists of a Chairman and two Members. Jason Furman serves as the Chairman. Jay Shambaugh and Sandra Black are the Council's members. A team of senior professional economists, staff economists, research assistants, a statistical office, and staff economists support the Council.Since immigrants from Europe and the Caribbean do not rely on social assistance, the economic advisers to the George W. Bush administration came to the conclusion that immigration had no long-term impact on government spending.Therefore, the George W. Bush administration's council of economic advisers came to the conclusion that there was no long-term impact of immigration on government spending since immigrants from Europe and the Caribbean do not rely on social assistance.
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consider two option-free, 5% annual-pay bonds from the same issuer and with the same seniority. one of the bonds has a modified duration of 3.5 and approximate convexity of 15. the other has a modified duration of 8.5 and approximate convexity of 75. can the lower- duration bond have more price volatility than the higher-duration bond?
Because its price will react to fluctuations in yields relatively less, a short-duration bond may not have more price volatility than a long-duration bond.
A fixed-income or bond investor who is focused on purchasing bonds with a short tenure is said to be using a short-duration strategy. This typically indicates that the investor is concentrating on bonds with a short period of maturity.
These bonds are regarded as being extremely safe because they are guaranteed by the full faith and credit of the United States. A fund of short-term bonds also entails little interest rate risk for the investor. The price of the fund's bonds won't be significantly impacted by rising or declining interest rates.
The length of long-term bonds is longer than that of short-term bonds.
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The feeder conductor ampacity shall not be less than that of the service-entrance conductors where the feeder conductors carry the total load supplied by service-entrance conductors with an ampacity of ___ amperes or less.
The feeder conductor ampacity shall not be less than that of the service-entrance conductors where the feeder conductors carry the total load supplied by service-entrance conductors with an ampacity of 55 amperes or less.
Service-entrance conductors (aka, "carrier feed wire") run from the weather-head (outdoors factor of attachment) from the software pole to the electrical panel (typically the circuit breaker container). For maximum homes, the carrier entrance conductor may be placed on or near the roof and tie into the overhead electric lines.
The provider entrance, as the name implies, is where the wires related to the load aspect of the meter enter the house or building. The carrier front in a residence is usually thought of as a breaker or fuse box.
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