The market value of Barings, a company with total assets of $100 million and perpetual debt of $30 million, is $86 million.
What exactly is perpetual debt?Bonds with no maturity date are known as perpetual debt. Perpetual bonds are not redeemable, although they do pay a constant stream of interest throughout perpetuity.
It is not "straight debt," but it is comparable to, or in some circumstances equal to, preferred shares, paying a fixed-rate coupon equivalent to the fixed-rate dividend of preferred shares.
There are two forms of perpetual debt: cumulative and noncumulative. If payments are missed on cumulative perpetual debt, interest accumulates. If payments are missed on noncumulative perpetual debt, they do not accrue and the cash flow is lost.
Income accessible to stockholders (In million) = ($17 - $3)(1 - 0.4)
=$14 × 0.6
= $8.4 million
Value = ($8.4/0.15 + $3/0.10)
= $86 million
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grove township issued $50,000 of bond anticipation notes at face amount in the current year and placed the proceeds into its capital projects fund.all legal steps were taken to refinance the notes, but grove was unable to consummate refinancing. in the capital projects fund, what account should be credited to record the $50,000 proceeds?
The bond anticipation notes payable account should be credited to record the $50,000 proceeds.
What is notes payable?A note payable is a promissory note in writing. A borrower obtains a specific amount of money from a lender and promises to repay it with interest over a predetermined time period under this agreement.
Bond anticipation notes payable are a type of current liability. If the entity is unable to refinance the debt as a noncurrent obligation.
Therefore, the account to be credited to record the $50,000 proceeds is bonds anticipation notes payable.
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categorize the scenarios as either a discretionary act or the result of automatic stabilizers.
Discretionary spending Automatic stabilizers :Economic growth increases personal and corporate income, increasing tax payments. Legislators increase the generosity of unemployment benefits.
What is Automatic stabilizer?People's reactions to recessions are tempered by automatic stabilizers, which also help them survive if they lose their employment or their businesses suffer. They also serve a crucial macroeconomic function by stimulating aggregate demand when it lags, which helps shorten and lessen the severity of downturns compared.The goal of automatic stabilizers, which are continuous government programmes, is to stabilise incomes, consumption, and corporate spending over the course of the business cycle by automatically adjusting tax rates and transfer payments.To learn more about Automatic stabilizer:
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consider this office green scenario: a member of the marketing team suggests allowing customers to choose from an additional three plant colors. what can help prevent project scope creep in this scenario? select all that apply.
The most crucial step you can take to prevent scope creep is to write down all of your project's needs. You can specify the scope of your project by clearly defining the project requirements.
Which of the following statements best illustrates scope creep?When a project's scope shifts or begins to "creep" beyond what was initially agreed, this is referred to as scope creep. Change is a given with almost any project, but it's the unmanaged changes that cause delays and scope creep.
Project development is delayed until the scope creep's severity is known. The project resources are working on scope creep instead of the tasks that were initially scheduled, which delays those activities. Task estimates rise as a result of scope creep.
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one-way interviewing enables a candidate to respond to a list of prescripted questions prepared by the hiring organization. a. panel b. group c. video d. sequential
one-way employment placement interviewing enables a candidate to respond to a list of prescripted questions prepared by the hiring organization video. So option c is correct.
What is the main goal of the majority of employment placement interviews?Finding the specific work skills required for the role is the major goal of organised interviews. All candidates for the post are subjected to the same set of questions during the interview. The interviewer will find it simpler to evaluate and compare candidates equitably using this uncomplicated technique. An employer and you converse during the interview in order to exchange information. The employer's goal is to learn the following information, whereas your goal is to receive a job offer: What you have to give (your skills, abilities, basic knowledge). who you are (your personality, character, interests).
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Ellen offers to sell her 1997 Mustang convertible to Fred for $2,000. Fred agrees to pay $2,000 for Ellen's Mustang. Before Fred picks up the Mustang Ellen discovers that the Mustang is considered a classic car and is worth much more than $2,000. Ellen refuses to sell the Mustang to Fred, stating that the consideration is insufficient. If Fred tries to enforce the deal by taking Ellen to court :- the court would not enforce the deal because $2.000 is too low to be valid consideration- the court would probably not enforce the deal because there is no consideration flowing from Ellen to Fred- the court would probably enforce the deal because there was valid consideration on both sides- the court would probably enforce the deal because the amount of consideration is never an issue
Correct answer is: the court would probably enforce the deal because there was valid consideration on both sides.
Ellen declines to sell Fred the Mustang, claiming that the price is too low. The court would likely uphold the agreement if Fred tried to enforce it by suing Ellen because there were legitimate interests on both sides
An antique, which is commonly defined as being at least 100 years old, is a work that is thought to have worth because to its aesthetic or historical significance, despite the fact that the phrase is frequently used inexactly to describe any object that is ancient. An antique is something that is valued due to its aesthetic appeal or historical significance (Latin: antiquus; "old" or "ancient").
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you are in the process of estimating the activity durations for the various activities contained in the scope baseline for a large project being undertaken by your organization. you have an activity that will most likely take eight days to complete. it has been determined that the activity has a best case scenario of being completed in four days and a worst case scenario of taking 18 days. which duration will you record for this activity using pert?
In the process of estimating the activity durations for the various activities contained in the scope baseline for a large project being undertaken by your organization.
You have an activity that will most likely take eight days to complete. it has been determined that the activity has a best case scenario of being completed in four days and a worst case scenario of taking 18 days.
In PERT (Program Evaluation and Review Technique), the duration of an activity is estimated using a weighted average of the best case, most likely, and worst case scenarios. The formula used to calculate the duration is:
Duration = (Optimistic + 4 * Most Likely + Pessimistic) / 6
For this activity, the duration would be recorded as:
Duration = (4 + 4 * 8 + 18) / 6 = 10 days
So, the duration recorded for this activity using PERT would be 10 days.
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identify the situations in which an organization is most likely to decide to outsource. multiple select question. if the nature of work requires flexible capacity if the organization wants to closely monitor quality if the organization lacks the expertise if the nature of the demand is high and steady
The following are the scenarios in which a business is most likely to outsource:
If the organization lacks the expertise.If the nature of work requires flexible capacity.What Exactly Is Outsourcing?Outsourcing is the business practice of hiring a third party to provide services or produce goods that were previously performed in-house by the company's own employees and staff. Outsourcing is a popular strategy for corporations to save money. It has the potential to affect a wide range of jobs, from customer service to manufacturing to back-office operations.
Outsourcing is loaded with controversy. Opponents contend that it has led to the loss of domestic jobs, particularly in the industrial sector.
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what method is used to consider alternate ways of conducting business to manage risk? a. resource planning b. globalization c. scenario planning d. semiglobalization
Answer:The answer is D
Explanation:
in order to win a contract from mexico, qvb autos manufacturing must make 65% of the component parts for their automobiles in mexico. this is an example of a
Vb Autos Manufacturing needs to produce 65% of its car's parts in Mexico in order to secure a contract with Mexico. A local content requirement like this would be an example.
In accordance with these regulations, a company must obtain a predetermined proportion of the final cost of a good or service from domestic firms, either through local purchases or local production of the good or service. In an effort to safeguard and promote domestic industries, governments use LCRs.
Local content is the economic benefit that an extraction project provides to the community, region, or country that goes beyond the monetary value of the extracted resources. • Requirements and goals outlined in national laws and specific contracts can be used by countries to promote local content.
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the big difference between ethics and laws is: a. ethics and laws are actually the same thing, just different terms b. most laws are unethical c. most marketing is unethical because the law doesn't apply d. ethics are guidelines about moral behavior, but laws reflect the the values of society and are enforceable in the courts
The big difference between ethics and laws is ethics are guidelines about moral behavior, but laws reflect the the values of society and are enforceable in the courts.
What distinguishes an essay on law from one on ethics?
Law is described as the standards set out by the legal system, which are codified and upheld by the appropriate governmental bodies, such as the courts. As opposed to this, ethics are regarded as moral principles that influence a person's behavior while engaging with other people or the wider society.
What's a good illustration of law and ethics?
The law has its boundaries. People cannot be forced to be fair, honest, or caring by the law. For instance, lying or breaking a confidence is not only wrong but also immoral. Although not all careers in healthcare demand adherence to a code of ethics, all demand conformity to the law.
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given a positive externality, the marginal social benefits curve lies to the of the demand curve, with the market output the socially optimal output. group of answer choices right; less than right; greater than left; less than left; greater than
External benefits are present when there is a positive externality, and as a result, the marginal welfare support curve is bigger than and to the right.
When there is a marginal societal advantage, what is it?With market production being the socially ideal output, the maximum social benefits curve is located to the right of the demand curve. right, less than right, greater than, less than left, and greater than are a group of possible answers. Positive externalities indicate that marginal societal benefit exceeds marginal private benefit.
What alters the demand curve when there is a positive externality?An adjusted demand benefit curves would appear farther left on the diagram, representing a lower social cost at each quantity, if there is a positive externality that improves the social advantages of activity.
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a product owner writing a user story needs the story to fit within the planned sprint. if the user story is too large, they break it down into multiple, scaled-down stories in order to meet which of the i.n.v.e.s.t. story writing criteria?
A Product Owner writing a user story needs the story to fit within the planned Sprint. scaled-down stories in order to meet small of the invest story writing criteria
What are the INVEST criteria for user stories?The INVEST Principle of User Stories is an acronym for User Stories Being Independent, Negotiable, Valuable, Estimable, Small and Testable. Independently:
What are the INVEST criteria?The INVEST Criteria describes how to create agile user stories that deliver valuable and working software early and often. Shows how to specify requirements in a way that follows Agile principles and values.
What is the format of user stories?Auser story is a small, self-contained unit of development work aimed at achieving a specific goal within a product. User stories are usually written from the user's point of view and follow the format:
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which requirement concerning lead-based paint disclosure applies to purchase and sale transactions only? a) allow 10 days to test for the presence of lead b) disclose all known lead-based paint hazards in the dwelling c) give the buyer or the renter a copy of the epa pamphlet d) include standard warning language regarding lead-based paint in the contract
The requirement concerning lead-based paint disclosure applies to the purchase and sale transactions only give the buyer or the renter a copy of the EPA pamphlet. So option c. is correct.
Before ratification of a contract for housing sale or lease, dealers and owners must reveal any known information concerning potential lead-based paint hazards and known records, must deliver purchasers and renters with a lead hazard information pamphlet, and must contain explicit wording in the lease or contract associated to lead. In addition, sellers must provide buyers time to perform a lead inspection. Most private housing, public housing, and federally-owned housing receiving federal assistance built prior to 1978 are affected by this rule.
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devon invested $8000 in three different mutual funds. a fund containing large cap stocks made 6.2% return in 1 yr. a real estate fund lost 13.5% in 1 yr, and a bond fund made 4.4% in 1 yr. the amount invested in the large cap stock fund was twice the amount invested in the real estate fund. if devon had a net return of $66 across all investments, how much did he invest in each fund?
Amount invested in a fund containing large cap stocks = $4000
Amount invested in a real estate fund = $2000
Amount invested in a bond fund = $2000
How can you invest your money? How do you calculate investments?1. The Stock Market. The most common and arguably most beneficial place for an investor to put their money in is in the stock market.
2. Investment Bonds.
3. Mutual Funds. The safest for long time returns.
4. Physical Commodities.
5. Savings Accounts.
Let:
x = Amount invested in a fund containing large cap stocks = 2 * y = 2y
y = Amount invested in a real estate fund
z = Amount invested in a bond fund
For total amount invested, we have:
T = total amount invested = x + y + z = $8000
Therefore, we have:
2y + y + z = $8000
3y + z = $8000 ……………………….. (1)
From equation (1), we have:
z = 8000 - 3y …………………........….(2)
Also, for the net returns, we have:
6.2%x - 13.5%y + 4.4%z = $66
0.062(2y) - 0.135y + 0.044z = 66
0.124y - 0.135y + 0.044z = 66
0.044z - 0.011y = 66 ………………… (3)
Substitute equation (2) for z in equation (3), we have:
0.044(8000 - 3y) - 0.011y = 66
352 - 0.132y - 0.011y = 66
0.143y = 352 - 66
y = 286/0.143
y = 2000
Therefore, x = 2y = 2 * 2000 = 4000
From equation (2), we have:
z = 8000 - 3y = 8000 - (3 * 2000) = 2000
Therefore, we have:
Amount invested in a fund containing large cap stocks = x = $4000
Amount invested in a real estate fund = y = $2000
Amount invested in a bond fund = $2000
Checking this, we have:
Total amount invested = $4000 + $2000 + $2000 = $8000
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1-4 Application Problem: Determining how revenue, expense, and withdrawal transactions change an accounting equation 104,5,6
Answer:
assest= capital + Liabilities
here revenu =104 expenses =5 withdraw =6
revenue means increases in assets +
expenses means reduce in cash if it is in cash and cash is part of assets
If withdrawal is for personaluse than its treated as adrawing come under capital by deducted from capital.
106 + in cash as assets side
5 deduct from cash in assets side
6 is deducted from capital
Explanation:
which of the following is a test used to determine a taxpayer's tax home? the place where the taxpayer lived when he started the job. the main place of business, if the taxpayer has two or more places of business. the place at which the taxpayer makes the most money, regardless of any other considerations. the place to which the taxpayer intends to return after traveling.
The main place of business, if the taxpayer has two or more places of business is a test used to determine a taxpayer's tax home.
What is the amount of time you spend working in your tax home compared to other locations? The amount of time spent in a tax home compared to other locations depends on the individual's work situation. Generally, the majority of time must be spent in the tax home in order to qualify for the tax home deduction. Generally, the tax home must be the primary place of business or the place where one regularly lives. A person may need to spend more than half of their work time in the tax home in order to qualify for the deduction. Other factors may also play a role in determining how much time is spent in the tax home. This includes how much travel is required for the job and how large the geographic area of the location is. Ultimately, the amount of time spent in the tax home compared to other locations can vary depending on the individual's work situation.To learn more about taxpayer refer to:
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discuss how important it is to employers that managed care plans demonstrate that they offer quality care
Individuals' incentives to misuse services typically get reduced or eliminated with managed care. In principle, it lowers patient out-of-pocket costs and other financial obstacles to receiving medical care.
Additionally, managed care seems to have the potential to improve patient service coordination.
Individuals' incentives to misuse services typically get reduced or eliminated with managed care. In principle, it lowers patient out-of-pocket costs as well as other financial obstacles to receiving medical care. Additionally, managed care seems to have the potential for improve patient service coordination.
Utilization review as well as networks/arrangements of healthcare providers are the two main parts of managed care. Utilization review protects patients from pointless medical procedures and treatments.
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which of the following is not an example of price discrimination? a street vendors increase the price of umbrellas when it is raining. b college students receive a discount at the ice cream store when they show their college id cards. c ladies receive free admission into a nightclub while men must pay a cover charge. d children receive discounted tickets to the amusement park. e a country club requires members to pay annual dues, but members receive discounted prices to golf.
The children receive discounted tickets to amusement park is not an example of the price discrimination.
What is price discrimination?As a marketing strategy, pricing discrimination involves charging customers different prices for the same commodity or service depending on what the vendor thinks will win the client over. A business that uses pure price discrimination will charge every consumer the greatest amount. Price discrimination is most beneficial when the profit made from dividing the markets exceeds the profit made from keeping them together. Price discrimination may or may not be effective, and how long certain groups are ready to pay various prices for the same commodity, depending on the relative elasticities of demand in submarkets. Consumers in a submarket that is relatively elastic pay less money than those in a submarket that is substantially inelastic.
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true/false. a. Venezuela is a socialist country where the average tariff rate on imports is 8.6%. This rate is fairly high. Non-tariff barriers restrict imports of cars and agricultural products. It may take several weeks to import goods. This limits the ability of businesses to import goods at a reasonable price.
There are a number of trade restrictions that raise the price of imported goods and are deemed necessary by some economies to safeguard their homegrown businesses or budding enterprises.
Which one word sums up economics the best?A community's resource distribution is ultimately governed by the network of associated production and consuming activities that make up an economy. The requirements of persons who live there and work there are met throughout the full process of creating and consuming goods and services.
What is an example of the economy?A well-known illustration of an economy is the traditional economy, which uses a country's traditions and history to direct the production and distribution of commodities. Agriculture, fishing, and hunting are the main economic sectors of traditional economies.
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you are an independent contractor, so you do not have an organizational email address. can you still sign up for a power bi trial subscription?
Yes, you can still sign up for a Power BI trial even if you're an independent contractor and don't have an organizational email address. You can use any valid personal email address when registering for a trial subscription.
You will need to provide some basic personal and contact information, including your name, phone number and email address. After signing up, you will be sent an email with a link to activate your trial subscription. After clicking the link, you will be taken to a page where you can customize your subscription plan and start using Power BI. As an independent contractor, you will be able to enjoy all the features of the Power BI trial subscription and use data visualization and analysis tools to explore and analyze data.
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graff, incorporated, has sales of $49,000, costs of $22,600, depreciation expense of $2,150, and interest expense of $1,900. if the tax rate is 21 percent, what is the operating cash flow, or ocf? (do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.)
The operating cash flow or ocf is $21,706.50
What is Operating Cash Flow?Operating cash flow (OCF) is a measure of a company's cash generation from normal business operations. Operating cash flow tells a company if it can maintain and grow its operations with enough positive cash flow; If not, capital expansion may require outside financing.
How to determine operating cash flow The operating cash flow formula is as follows: cash received from sales less the total amount paid for operating expenses.
Revenue, operating expenses, depreciation, taxes, and changes in working capital are all included in OCF.
OCF is the sum of working capital variation, depreciation, and net income.
Information is given in the question:
Sales =$49,000costs =$22,600depreciation expense = $2,150interest expense =$1,900tax rate =21%EBIT =Sales - costs - Depreciation expense
=$49,000 - $22,600 - $2,15
= $24,250
Profit before tax = EBIT - Interest expense
= $24,250 - $1,900
= $22,350
Net Income = Profit before tax - Tax (21% of Profit before tax)
= $22,350 - $4,693.50
= $17,656.50
Operating cash flow = EBIT - Tax + Depreciation expense
= $24,250 - $4,693.50 + $2,150
= $21,706.50
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which technique involves getting compliance to a less costly request and then reneging on it and replacing it with a more costly request? a. door-in-the-face b. low-ball c. that's-not-all d. foot-in-the-door
The door-in-the-face technique involves obtaining compliance with a less expensive request and then rejecting it and replacing it with a more expensive request. This technique is often used to convince an individual to do something they may not be inclined to do.
First, the applicant makes a larger request, followed by a smaller request. When the applicant makes a larger request, the individual usually responds with a refusal. The applicant then successfully used the door-in-the-face technique. This technique depends on the individual's feeling of being indebted to the applicant. The door-in-the-face technique is effective because the individual feels that he is more approachable and has a higher chance of matching.
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adaptation requires regular inspection. in what ways does the product owner contribute to the results achieved by inspection ?
At the Sprint Review, the Product Owner presents the Product Backlog's current status. This, along with the Increment's inspection, results in an updated Product Backlog.
What is the purpose of inspect and adapt that happens after every sprint?The present condition of the Solution is demonstrated and assessed by the train during the Inspect and Adapt (I&A), a critical event that takes place at the conclusion of each Program Increment (PI). In a systematic problem-solving workshop, teams then reflect and identify improvement backlog items.
An orderly list of everything that is known to be required for the product is the product backlog. It is the exclusive source of specifications for any modifications to the product.
Thus, At the Sprint Review, the Product Owner presents the Product Backlog's current status.
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planning your future unit test miguel wants to work for a non profit that helps homeless people find jobs and housing what is guiding miguel's career decision
I would claim that he made this business decision based on his beliefs and values.People that help the homeless do so out of the goodness of their hearts. Moreover, he was under no obligation to perform that task
Benefits of Working for a Nonprofit organizationYour north star when working for a for-profit company is increasing its profits in order to improve its bottom line. Although this type of job can be demanding, fascinating, and beneficial to your career, it is unlikely to solve societal issues, have a positive influence on the environment, or enhance the lives of others. On the other side, nonprofit positions frequently let you work toward a particular goal that has a tangible, good impact on people's lives. Therefore, nonprofit work has a meaningful social influence, whether it's assisting marginalised communities, fighting for improved mental health, or advancing environmental issues.
You may have heard that nonprofit organisations don't often offer high salaries. While this is frequently the case, it is also true that nonprofit organisations typically provide excellent benefits and greater freedom than for-profit businesses. Nonprofit organisations frequently permit extensive remote work and offer generous healthcare and child care perks.some of the otherr benefits are,
Making a difference in other people’s livesWorking more creativelyGaining new skillsGetting better benefitsWorking with like-minded peopleTo know more about Benefits of Working for a Nonprofit organization,refer to:
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aubrey invested $150 in an account paying an interest rate of 6(5/8%) compounded monthly. miguel invested $150 in an account paying an interest rate of 6(1/4%) compounded daily. after 7 years, how much more money would aubrey have in her account than miguel, to the nearest dollar?
$5.88 more money would Aubrey have in her account than Miguel, to the nearest dollar. An asset's future value is its value on a particular date in the future.
Given,
For Aubrey's investment:
Principal amount (P) = $150
Annual interest rate (r) = 6(5/8)% = 6.625% = 0.06625 (in decimal form)
Number of compounding periods per year (n) = 12 (compounded monthly)
Number of years (t) = 7
For Miguel's investment:
Principal amount (P) = $150
Annual interest rate (r) = 6(1/4)% = 6.25% = 0.0625 (in decimal form)
Number of compounding periods per year (n) = 365 (compounded daily)
Number of years (t) = 7
Required to calculate the difference in the future values of Miguel's investment and Aubrey's investment.
The required calculations are shown in the file given attached below.
Therefore, after seven years, Aubrey and Miguel's accounts would be about $5.88 different in value.
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jim uses his own car to deliver pizzas for his employer, delicioso pizza. which coverage symbol should delicioso use to provide liability coverage for jum while he is on the clock and delivering pizza for them
Symbol 9 is specifically for non-owned vehicles when used in the course of business. Jim's liability, while on the clock, would be covered under symbol 9.
What does the "9" mean on a commercial auto policy?Liability coverage for non-owned vehicles is represented by Symbol 9. Vehicles that you use for your business but do not own, hire, rent, lease, or borrow are known as non-owned automobiles. Examples include automobiles that belong to your workers or business partners and are utilised by you.Under the terms of this form, which is meant for companies who sell, service, or store vehicles, a car rental firm would not be qualified. Liability protection is provided under Section II of the BAP. The option to add uninsured motorist coverage is available.To learn more about non-owned vehicles refer to:
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madrid corporation has compiled the following information from the accounting system for the one product it sells. sales price $ 900 per unit fixed costs (for the month) marketing and administrative $ 108,000 manufacturing overhead $ 162,000 variable costs (per unit) marketing and administrative $ 18 direct materials $ 270 manufacturing overhead $ 60 direct labor $ 165 units produced and sold (for the month) 1,800 required: a. calculate the product costs per unit. b. calculate the period costs for the period.
The product costs per unit is = $600
With an example, what does a product cost?Product costs are expenses incurred to create a good that is meant to be sold to a client. Product price includes: Direct material is defined as purchased raw materials that are used directly in product production. One direct material expense for a car manufacturer is the metal used to create the vehicle.
briefly:-
Giving the following information:
Direct materials=$270 per unit
Direct labor =$60 per unit
Variable manufacturing overhead =$270 per unit
The direct material, direct labor, and variable manufacturing overhead are used to
calculate the unit product cost in the variable costing method:
Unit product cost= 270 + 60 + 270= $600
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a leading b2c fuel producer and supplier has just hired an email marketing manager to launch its email marketing program. what tactic should the email marketing manager leverage to improve deliverability when she starts sending emails?
Send emails to your most vocal and engaged clients tactic should the email marketing manager leverage to improve deliverability when she starts sending emails.
Which approach will increase the deliverability of emails?
By raising your odds of providing subscribers relevant material, segmenting your audience can assist increase email deliverability by increasing the likelihood that recipients will open your emails.
Which of the following can be used to assess email marketing's degree of success?
An essential indicator for assessing the general performance of your email marketing initiatives is establishing a clear conversion rate. The ROI of an email marketing assesses how cost-effective it is. Cost is the mathematical expression.
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during the 1920s and 1930s, many of the world's nation-states put formidable trade barriers in place. what was the main reason behind these actions? multiple choice question. to enhance their ability to trade with foreign countries to encourage domestic business to consider international trade to protect domestic industries from foreign competition to implement a first-mover advantage
The main reason behind these was to consider the international trade.
What is international trade?The exchange of money, goods, and services across international boundaries or regions is a result of a need or desire for certain commodities or services. In most countries, such commerce represents a considerable share of the GDP (GDP). International trade has always existed, but during the past few centuries, its importance to the economy, society, and politics has increased. Comparatively speaking to local trade, doing business globally is a difficult process. Modern trade between countries with different economic positions has been facilitated and legitimized by international economic organisations like the World Trade Organization. Governmental statistical agencies, intergovernmental and transnational statistics services, and supranational organizations all release official data on international trade.
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Because eels are highly endangered as a species, many governments enact laws prohibiting fishing along their migration route. Initially, eel fishers complain about this restriction on the locations they can fish, but after a while they notice that the number of eels swimming outside regulated areas Is much higher than it was before. With the laws in place, eel fishers end up catching a greater quantity of eels than they did prior to the enactment of the lows. Which of the following principles of economic interaction best describes this scenario? a. Markets allocate goods effectively. b. Markets usually lead to efficiency. c. There is a tradeoff between equality and efficiency. d. When markets do not achleve efficiency, government intervention can improve overall welfare.
This situation is best described by the idea that markets allocate things efficiently.
services, and commodities. Typically, the parties involved are buyers and sellers. The market may be actual, like a physical store where customers interact with each other in person, or it may be virtual, like an online market, where customers and sellers do not interact physically. The availability of an arena, buyers, and sellers, as well as a product that can be bought and sold, are some of the fundamental features that help define a market.
Any location where two or more people can come together to conduct an economic transaction, even one that doesn't require legal cash, is referred to as a market. Any combination of these that are transferred from one party to another may be included in a market transaction, including commodities, services, information, and money.
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