10.74% is the internal growth rate If the veggie hut has a net income of $26,400, total equity of $102,700, and total assets of $189,500. the dividend payout ratio is 0.30.
The given data is as follows:
net income = $26,400
total equity = $102,700
total assets = $189,500
dividend payout ratio = 0.30
The internal growth rate can be calculated by using the formula:
Internal growth rate = (Return on asset x Retention Rate)/[1 - (Return on asset x Retention Rate)]
Retention rate = 1 - Payout ratio
Retention rate = 1 - 30% = 70%
Return on asset = Net income/Asset
Return on asset = 26400/1,89,500 = 13.93%
All the values are substituted in the above internal growth rate formula,
Sustainable growth rate = (13.93% x 70%)/[1 - (13.93% x 70%)]
Sustainable growth rate = 0.097 / 0.902
Sustainable growth rate = 10.74%
Therefore, we can conclude that 10.74% is the internal growth rate.
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obtain funds by issuing securities and then lend the funds to individuals and small businesses. a. securities firms b. finance companies c. insurance companies d. mutual funds
The majority of mutual funds raise money by issuing securities, which they subsequently lend to people and small companies. Institutional investors give businesses not just financial backing, but also a certain amount of corporate control.
In both public and private markets, securities are fungible, tradeable financial instruments used to raise cash. The three main categories of securities are: equity, which gives investors ownership rights; debt, which is effectively a loan returned with recurring payments; and hybrids, which include features of both debt and equity. A mutual fund is a collection of funds that is professionally managed by a fund manager. A trust that invests money in stocks, bonds, money market instruments, and/or other assets after collecting funds from a group of participants who have similar investing goals.
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how does henry george’s proposal for a single tax on land relate to the elasticity of the supply of land? why are there so few remaining advocates of george’s proposal?
As the supply of land is entirely elastic, it will have no impact on how much is accessible.
What was Henry George's single taxation theory?
According to the Henry George theorem, when government spending on public goods is combined, the result is an increase in aggregate rent based on land value (land rent) that is greater than that sum, with the benefit of the last marginal investment being equal to its cost. Land would eventually be owned as common property rather than as individual property as a result of a single tax. He thought that the single tax, which would result in a significant transfer of wealth, would improve wages, increase capital earnings, eradicate poverty, create jobs, and alleviate other economic evils.
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allyson ashley makes jet skis. during the year, allyson manufactured 69,500 jet skis. finished goods inventory had the following units: line item description amount january 1 6,950 december 31 6,255 required: 1. how many jet skis did allyson sell during the year? fill in the blank 1 of 1 units 2. if each jet ski had a product cost of $2,400, what was the cost of goods sold last year? fill in the blank 1 of 1$
70,195 jet skis did Allyson sell during the year. The cost of goods sold last year was 168,468,000.
Req 1.
The number of units sold:
Beginning Inventory of FG: 6,950
Add: Production units 69,500
Total units 76450
Less: Ending inventory of FG 6,255
Number of units sold: 70,195
Req 2.
Cost of Goods sold:
Number of units sold 70,195
Multiply: cost per unit $2,400
Cost of Goods sold 168,468,000
Inventory refers to all the objects, goods, merchandise, and substances held thru a commercial enterprise for advertising in the marketplace to earn earnings. The cause of the stock is to provide a buffer between manufacturing and income, smoothing out the go-with-the-flow of products and ensuring that products are available while clients organize them.
Irrespective of the dimensions of your organization, having the right stock management device could be very important for any commercial enterprise. It allows you to keep in tune with all of your resources and determine the precise expenses. it can also help you manipulate surprising changes in demand without sacrificing purchaser enjoyment or product first-class. To acquire this aim, businesses ought to carefully control their inventory degrees, investing in an appropriate system if necessary.
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what is the formula to determine the price of a u.s. treasury bond listed at 122 if the par value is $5,000?
To see what the purchase price will be for a particular discount rate, use the formula: Price = Face Value (1 – (discount rate x time)/360).
The par value of a bond is the face value of the bond plus any annual or semiannual coupon payments owed to bondholders by the issuer of the debt. A bond with a par value of $1,000 and a coupon rate of 4% will have annual interest payments of 4% x $1,000 = $40. With bonds, par value is the amount of money that the bond issuers agree to return to the buyer at maturity.A bond is basically a written promise that the borrowed amount will be repaid to the issuer. If a bond with a face value of $1,000 trades at a premium,the bond is trading for more than $1,000 in the market. PAR is usually expressed as a percentage.The PAR% is calculated by dividing the population attributable risk (PAR) by the incidence in the total population and then multiplying the product by 100 to obtain a percentage.
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based on the values in the table, the production possibilities frontier is group of answer choices bowed outward indicating increasing opportunity costs. bowed outward indicating decreasing opportunity costs. a straight line indicating constant opportunity costs. bowed inward indicating decreasing opportunity costs.
Based on the values in the table, the production possibilities frontier is a group of answer choices bowed outward indicating increasing opportunity costs.
What is opportunity costs ?This is due to the opportunity cost—the amount of the other good that must be sacrificed—increasing as we go from generating more of one item to creating more of the other. For instance, we only need to sacrifice 1 unit of Good A to create the first unit of Good B, but we must sacrifice 4 units of Good A to create the tenth unit of Good B. The production possibilities frontier's bowed-out shape is an indication of this rising opportunity cost.
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suppose the united states had a short-term shortage of farmers. which market mechanisms would adjust to remove the shortage?
Food costs would change, as will farmer wages. Price must increase in the event of a scarcity in order to draw in more supply and lower demand until the shortage is resolved.
How can a free market resolve a scarcity?Through price increases, the free market reduces shortages. Prices that are going up encourage consumers to spend less or, if they can, switch to a different product, which reduces demand.
How might the market address a shortage?Price reductions should be made until the market finds equilibrium in order to get rid of excess. Price increases for the product are necessary to eliminate shortages until the market reaches equilibrium.
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_____is the output that a system is capable of achieving over a period of time.
Capacity
Operation
Values
System
The highest output a system is capable of generating over a long period of time is referred to as its capacity.
What else does capacity mean in a business context?The maximum output a company can maintain to provide its products or services is referred to as capacity. Depending on the type of business, "capacity" can refer to a production method, an allocation of human capital, a set of technical constraints, or a number of many other related concepts.
The importance of capacityThe notion of adequate capacity is the ability to meet customer needs without wasting resources. Your capacity is how much work you can complete in a certain amount of time. How many goods you can manufacture each month or the number of clients you can help, for instance
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you invested $25,000 in a mutual fund at the beginning of the year when the nav was $33.16. at the end of the year, the fund paid $.27 in short-term distributions and $.44 in long-term distributions. if the nav of the fund at the end of the year was $37.81, what was your return for the year? (a negative value should be indicated by a minus sign. do not round intermediate calculations. enter your answer as a percent rounded to 2 decimal places.)
The return for the year is 14.16%.
To calculate the return, we need to take into account both the change in NAV and the distributions received.
The total distributions received would be $0.27 + $0.44 = $0.71.
The ending value of the investment would be the initial investment plus any increase in NAV, which would be $25,000 x ($37.81 / $33.16) = $28,538.56.
So the total value of the investment at the end of the year would be $28,538.56 + $0.71 = $28,539.27.
The return for the year would be the total value of the investment minus the initial investment, divided by the initial investment, expressed as a percentage:
Return = ($28,539.27 - $25,000) / $25,000 x 100% = 14.16%
Therefore, the return for the year is 14.16%.
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journal entries prepared at the end of the accounting cycle which reduce revenue, expense and drawing accounts to a zero balance are called entries:
The journal entries that balance all income, cost, and withdrawal accounts to zero at the conclusion of the accounting cycle are known as closing entries.
A journal entry known as an accounting closure entry is done at the conclusion of an accounting period and involves transferring data from temporary accounts on the income statement to permanent accounts on the balance sheet. Temporary accounts must be closed at the end of the accounting year and include revenue, expenditures, and dividends.
The closure entry is used to change the temporary account balances to zero in the general ledger, which is the system used to maintain track of a company's financial data.
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—----------CORRECT QUESTION FORMAT IS GIVEN BELOW —-----------
(Q). Journal entries prepared at the end of the accounting cycle which reduce revenue, expense and drawing accounts to a zero balance are called _____________entries.
The Heckscher-Ohlin model is an economic theory that proposes that________
According to the Heckscher-Ohlin model, countries should specialise in producing and exporting that use plentiful factors of production while importing goods that use scarce factors.
What is the Heckscher-Ohlin assumptions?The Heckscher-Ohlin theory assumes that countries vary in their endowments of production factors such as labour, capital, and natural resources. According to the theory, countries will tend to specialise in producing and exporting goods that use abundant production factors while importing goods that use scarce production factors. Because abundant factors are less expensive than scarce factors, it is more cost-effective to use plentiful factors to produce goods that require them. The theory also assumes there were no trade barriers, such as tariffs and quotas, and that production factors cannot freely move between countries.
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the better the quality of data used in decision making processes, the more confidence users have in the decisions they make, the lower the risk of a poor decision, and the more likely the decision will achieve the desired results.
It is typically accurate. The level of confidence that decision-makers have in their choices, the risk involved in making poor choices, and the possibility of getting the intended results can all be significantly impacted by the quality of the data utilized in the decision-making processes.
How can it be explained in detail?The likelihood that decision-makers will be confident in their choices increases when they have access to high-quality data that is accurate, pertinent, and current. This is due to the fact that they have greater confidence in the data they are utilizing to make decisions and have a clearer knowledge of the risks and potential outcomes of various solutions.
On the other side, bad data can influence bad decisions and increase the likelihood of unfavorable outcomes. This may occur as a result of inaccurate, out-of-date, or inadequate data, which can result in erroneous presumptions, wrong conclusions, or missed opportunities.
In order to guarantee that the data used in decision-making processes is of high quality and can be trusted, it is crucial for businesses to invest in data quality management procedures, such as data cleansing, data validation, and data governance.
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amina, the senior marketing manager, has estimated costs and has forecasted sales for the company's new product. however, there are many unknowns in both the new product development and market conditions that she cannot predict. amin is making new product launch decisions under a condition of
amin is making new product launch decisions under a condition of uncertainty.
Uncertainty refers to a situation where the outcome or result of a decision is unknown, and cannot be reliably predicted based on available information or data. This is different from risk, where the outcome is uncertain but there is some probability or likelihood assigned to each possible outcome.
In the context of new product development and marketing, uncertainty can arise from many sources, including: Uncertainty about the product's performance and market acceptance, Uncertainty about the competitive landscape and the actions of competitors, Uncertainty about the overall economic conditions and consumer behavior
Under conditions of uncertainty, decision makers must often rely on judgment, experience, and intuition to make decisions, rather than relying solely on quantitative data and analysis. They may need to make assumptions and estimates about unknown factors and adjust their plans and strategies as more information becomes available.
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which of the following is an internal control procedure? group of answer choices minimizing vacations for essential employees. separation of duties failure to make background checks on new employees external documentation access
separation of duties is an internal control procedure. Internal control is a process, effected by an reality’s board of directors, operation and other labor force, designed to give reasonable assurance
That information is dependable, accurate and timely
Of compliance with applicable laws, regulations, contracts, programs and procedures
Of the trustability of fiscal reporting
Internal controls are intended to help crimes and irregularities, identify problems and insure that corrective action is taken. In numerous cases, process possessors within your department perform controls and interact with the control structure on a diurnal base, occasionally without indeed realizing it because controls are erected into operations.
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jerry is divorced and has two children that live with him. what filing status should jerry claim on his tax return?
The head of a household filing status should jerry claim on his tax return. Thus, option 'B' is the correct option.
What is a Tax Return?A tax return is one or more forms submitted to a taxing body that include earnings, outlays, and other crucial tax data. Tax returns allow taxpayers to determine their tax burden, plan out their tax payments, or ask for refunds for any taxes they have paid in excess of what is required.
Tax returns must typically be submitted annually for an individual or corporation with a reportable income, such as wages, interest, dividends, capital gains, or other earnings. Taxpayers compute their tax liabilities, set up tax payments, and request refunds for overpaid taxes on their tax returns. Tax returns must typically be filed yearly.
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Probably full options are:
A) Single
B) Head of household
C) Married filing separately
D) Married filing jointly
the matrix that identifies the relationships between organizational entities and each business function is:
The matrix that identifies the relationships between organizational entities and each business function is called a "cross-functional matrix'', "matrix organization" or "matrix management."
In a cross-functional matrix, employees are organized into teams based on both their functional expertise and the project or product they are working on. This allows for greater collaboration and communication across different functional areas, as well as greater flexibility and adaptability in responding to changes in the business environment.
In the matrix structure, employees have two reporting lines: one to their functional manager (who is responsible for their career development and training), and another to their project or product manager (who is responsible for the specific project or product they are working on). This structure can be effective in organizations where there are multiple, complex projects or products that require input and expertise from multiple functional areas.
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knowledge check 01 which of the following statements about why companies frequently choose to lease assets are true? (select all that apply.) check all that apply leasing offers flexibility when disposing of the asset. leasing offers flexibility when disposing of the asset. leasing offers tax savings over outright purchases. leasing offers tax savings over outright purchases. leasing provides protection against the risk of declining asset values. leasing provides protection against the risk of declining asset values. leasing reduces the upfront cash needed to use an asset. leasing reduces the upfront cash needed to use an asset.
The following statements are true about why companies frequently choose to lease assets
Leasing offers flexibility when disposing of the asset.Leasing reduces the upfront cash needed to use an asset.A Leased Asset exists as a resource rented by the proprietor to one more party as a trade-off for cash or some other blessing. While renting a resource, the proprietor enters into an agreement allowing the other party the brief utilization of a resource.
Long-haul resources exist as interests in an organization that will help the organization for a long time. Long haul resources can contain fixed resources like an organization's property, plant, and hardware, yet can likewise contain elusive resources, which can't be genuinely contacted like long haul ventures or an organization's brand name.
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a company enters into a forward contract with a bank to sell a foreign currency for k1 at time t1. the exchange rate at time t1 proves to be s1 (> k1). the company asks the bank if it can roll the contract forward until time t2 (> t1) rather than settle at time t1. the bank agrees to a new delivery price, k2. explain how k2 should be calculated.
It is equivalent to either 60 or 200 pence. There is a forward contract with a price of eight and a call option with a strike price of 67 pence. This is defence.
Using the information provided as a starting point, we will determine the value of you when divided by 100. Not so, as 1.33 is equivalent to 100 divided by 75. The result is equal to 0.8 when 60 is divided by 75. P represents the risk-neutral probability. It is equivalent to D minus 0.25. We calculate its rally to be 0.913.100 S. Okay minus U equals 32.plus C. D. D. Simple from this point on. E. to the power -0.25 is used to calculate the value of "see you." By multiplying it by 0.913 C. U. U. After simplification, the x value is 22.753. By raising the value of C. D. to the power 0.25 and multiplying it by 0.087. E provides the capital C call value. The solution to the issue is that, after simplification, we have a value of around 16.215.
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hat is the marginal product of the fourth tattoo artist? marginal product: tattoostattoos which of the following best describes the economic reasoning behind the fact that the marginal physical product of labor declines as more labor is employed, with other inputs held constant? the tattoo shop is experiencing increasing returns because its total tattoo output increases each time a new worker is hired. monster's ink is experiencing negative returns because hiring the third worker increases tattoo output less than hiring the fourth worker. there is no rational reason for tattoo output to change as it does. monster's ink is experiencing diminishing returns, possibly caused by three workers getting in each other's way and needing to share tools (after sanitization, of course).
The tattoo shop is experiencing diminishing returns, also known as the law of diminishing marginal returns.
The marginal product of the fourth tattoo artist is the additional output produced by hiring the fourth artist, holding all other inputs constant. To determine the marginal product, one would need to compare the total output of the tattoo shop with three artists to the total output of the shop with four artists.
The economic reasoning behind the fact that the marginal physical product of labor declines as more labor is employed, with other inputs held constant, is that of diminishing returns. This is because the addition of each new worker leads to smaller and smaller increases in total output, eventually leading to a point where the additional worker is no longer productive.
There are several reasons why diminishing returns might occur in a tattoo shop. For example, the workers may get in each other's way, causing delays and reducing productivity. Alternatively, there may be a limited supply of tools or materials, leading to bottlenecks and reduced efficiency. Ultimately, the reason for diminishing returns depends on the specific circumstances of the tattoo shop and its production process.
In summary, the marginal product of the fourth tattoo artist would depend on the specific circumstances of the tattoo shop. However, the economic reasoning behind diminishing marginal returns is a common phenomenon that occurs when additional units of a variable input are added to a fixed input.
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omar will need $25,000 in 12 years for new machinery for his shop. how much should he invest now at 4.5% annual interest, compounded monthly, to reach his goal?
If we assume monthly compounding, the present value that would need to be invested now at 4.5% interest to reach $25,000 in 12 years is $14,835.70.
t is possible to calculate the present value of the future amount of $25,000 -
The formula for the present value of a future amount with continuous compounding is:
PV = FV / e^(r*t)
where:
PV is the present value
FV is the future value
r is the annual interest rate
t is the number of years
Plugging in the numbers, we get:
PV = $25,000 / e^(0.045*12) = $14,583.43
So, if we assume continuous compounding, then $14,583.43 is the present value that would need to be invested now at 4.5% interest to reach $25,000 in 12 years.
However, if we assume monthly compounding, as stated in the original question, the present value of $25,000 would be slightly higher due to the effect of compounding. Using the formula for present value with monthly compounding, the result is:
PV = $25,000 / [(1 + 0.045/12)^(12*12)] = $14,835.70
Therefore, if we assume monthly compounding, the present value that would need to be invested now at 4.5% interest to reach $25,000 in 12 years is $14,835.70.
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Complete Question -
Omar will need $25,000 in 12 years for new machinery for his shop.
How much should he invest now at 4.5% annual interest, compounded monthly, to reach his goal?
as a manager, you have been asked to work with your employees to develop goals. what can you expect from this process? check all that apply.
A manager refers to a person in an organization who is responsible for coordinating and controlling the functions of the organization and helps to run business activities smoothly and in a timely manner.
When a manager is asked to work with employees to develop business goals, this will seem like increased motivation among employees as they will feel valued for their contribution to goal setting. Because culture has a vital influence on growth and development, managers must pay attention to the environment when determining whether goals and plans would be beneficial. Good managers understand that people can't be perfect all the time, and they approach conflicts with their employees from a place of understanding.The first step is for them to understand what these goals are. Ask employees if they have any personal goals they want to share with you.
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matt is known to have substantial influence over his team. he has regular meetings with them to ensure that they do not lose sight of what they are trying to accomplish. he also motivates them to set challenging targets for themselves and achieve those targets. what role is matt playing?
Matt is known to have substantial influence over his team, so he is playing a leader role.
A leader is someone with the capacity to persuade and inspire others to accomplish a shared objective. In Matt's situation, he meets with his team on a regular basis to make sure they stay on course to accomplish their objective. This demonstrates his active involvement in the team's development and his efforts to maintain their concentration.
These characteristics demonstrate that he is actively motivating his employees to own their job and push themselves to accomplish more than they may have initially believed was feasible. Matt is encouraging his colleagues to take initiative and become more invested in their work by doing this, which can boost output and job happiness.
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the bruin stock fund sells class a shares that have a front-end load of 5 percent, a 12b-1 fee of .38 percent, and other fees of 1.18 percent. there are also class b shares with a 5 percent cdsc that declines 1 percent per year, a 12b-1 fee of 1.75 percent, and other fees of 1.18 percent. assume the portfolio return is 13 percent per year. a. what is the value of $1 invested in each share class if your investment horizon is 3 years? (do not round intermediate calculations. round your answers to 2 decimal places.)
The following formula must be used to determine the value of $1 invested in each share class after three years: Value after three years is the initial investment multiplied by (1 + portfolio return - fees)3
The value of $1 invested in two separate share classes, class A shares and class B shares, following a three-year investment horizon is what is being asked for in this inquiry. The fee schedules, which cover front-end loading, 12b-1 fees, and other costs, are fees)3.for each share class. We are also told that the portfolio return is 13% annually. We employ the formula for the future value of an investment, accounting for the fees for each share class, to determine the worth of fees)3. in each share class. For class A shares, we calculate the net portfolio return by deducting all expenses from the total return before applying the algorithm. Class B shares require that we
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When a consumer has previous experience with a product or brand, it is likely the level of involvement would _______. a. decrease b. become more complicated c. increase d. remain the same
When a consumer has previous experience with a product or brand, it is likely that the level of involvement would decrease.
What is a Consumer Behavior?In consumer behavior, involvement refers to the degree of interest or importance that a consumer places on a particular product or brand. When a consumer has previous experience with a product or brand, they are more familiar with it, and the product becomes less of a novelty. As a result, the level of involvement usually decreases as the product or brand becomes more routine or habitual.
However, it's important to note that the level of involvement can also depend on other factors, such as the product category, the consumer's personality, or the specific circumstances surrounding the purchase. Therefore, it is possible for the level of involvement to remain the same or even increase in some cases.
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true or false: a change in one of the determinants of supply results in a movement along the supply curve.
A supply curve is a graph that illustrates how a change in a product's price impacts the volume of supplies a seller provides.
The horizontal x-axis displays the quantity supplied, while the vertical y-axis displays the price.
For the majority of items, the curve will have an upward, positive slope, signifying a strong correlation between the two values. In other words, the more of a good or service a seller has on hand, the higher the price of it. For instance, if the cost of a lawnmower rises, or the price a customer pays, a hardware store would stock more in an effort to raise its profit margin.
The two different supply curve types are individual and market.
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kiera, an entrepreneur, borrows money from a large bank to acquire energy solutions, a small oil and gas company. she promises to repay the bank using the assets of energy solutions as collateral. in this scenario, kiera is involved in a
A firm that offers consumers products or services and is classified as nonprofit or not-for-profit does not have profit as its main objective.
What is a profit?Profit in economics is the difference between the revenue generated by an economic entity's outputs and the sum of its input costs. It is equivalent to total income less total expenses, which includes both direct and indirect expenses.
It's distinct from accounting profit, which only pertains to the costs that are explicitly stated on a company's financial accounts. Accounting profit is calculated by subtracting the company's entire revenue from its explicit costs.
When examining a corporation, an economist takes into account all costs, both apparent and implicit. Economic profit is therefore less than accounting profit.
Normal profit, economic profit, and accounting profit are all terms that relate to the profits that a corporation reports on its financial statements on a period-by-period basis.
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Core competencies of a business are generated by the interaction of ______.A. value on investment (voi) and return on investment (roi)B. resource heterogeneityC. resources and capabilitiesD. competitive advantage
Core competencies of a business are generated by the interaction of resources and capabilities.
What is Core competency?Resources refer to the assets that a company has at its disposal, such as financial capital, human capital, physical assets, and intellectual property. Capabilities refer to the skills and abilities that a company has to effectively utilize these resources to create value for its customers.
A core competency is a unique capability or combination of capabilities that allows a company to provide a product or service in a way that is superior to its competitors. It represents a competitive advantage that is difficult for other firms to replicate or imitate.
Therefore, the interaction of a company's resources and capabilities is essential for the development of its core competencies. The effective combination of resources and capabilities can create a sustainable competitive advantage and generate value for the company and its stakeholders.
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the function that links the consumer and the general public to the marketer of a company through information is called secondary research.truefalse
True, the function that links the consumer and the general public to the marketer of a company through information is called secondary research.
Summarizing, gathering, and/or synthesizing previously published research is known as secondary research. Secondary research uses data from primary research sources for analysis while primary research generates the data.
Secondary research differs from primary research in this way. A notable sign of primary research is the presence of a "methods" section where the authors describe how the data was produced for research.
Examples of secondary research includes encyclopedias, news articles, review articles, meta analyses, and textbooks etc. When conducting secondary research, authors may use information from scholarly publications, official records, statistical databases, and historical records.
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during an equipment inventory, cpl pyle found 14 e-tools missing from the list of 60. what is his percent of missing e-tools
CPL Pyle's percentage of missing e-tools is 23.33%.
To find the percentage of missing e-tools, you can use the following formula: Percentage = (missing e-tools ÷ total e-tools) × 100%
In this case, CPL Pyle found 14 e-tools missing from a total of 60, so the calculation would be:
percentage = (14 ÷ 60) × 100%
percentage = 0.2333 × 100%
∴ percentage = 23.33%
∴, CPL Pyle's percent of missing e-tools is 23.33%.
(Theft, misplacing, or a recording error made during the equipment inventory are all potential causes of missing tools. It's critical to look into the problem further to identify the reason why the e-tools went missing and to take the necessary steps to stop this from happening again in the future.)
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a tenancy by the entirety may be terminated in which of the following ways? 1. either party 2. mutual agreement by both spouses 3. death of either spouse 4. divorce settlement 5. one spouse's creditors
A tenancy by the entirety ownership agreement may be terminated in 2. mutual agreement by both spouses, 3. death of either spouse and 4. divorce settlement.
Tenancy by the totality is a type of shared property ownership restricted for married couples only. A tenancy by the entirety allows spouses to own property together as a single legal entity. This means that each couple owns the property in an equal and undivided manner.
If one partner dies, the surviving spouse automatically acquires full title to the property under this type of legal ownership.
Tenancy by the full is only possible if the property owners are married at the time they get the title. Other types of partnerships, such as friends, siblings, parent-child connections, or business associates, are not covered by this sort of legal agreement.
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true or false: all of the accounts listed on an unadjusted trial balance are also listed on the balance sheet.
True, all of the accounts listed on an unadjusted trial balance are also listed on the balance sheet.
What accounts are on the unadjusted trial balance?
A general ledger's account list, or unadjusted trial balance, is a list of all the accounts. It is created at the conclusion of the time period (such as the month, quarter, or year) before any adjusting entries are made.
When examining account balances, it is typically used as a starting point.
What does a balance sheet explain?
An organization's assets and liabilities at a given point in time are described in detail in a balance sheet, which is a financial statement. One of the three essential financial statements—the other two being the income statement and cash flow statement—used to assess a company's performance is the balance sheet.
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