A company introduces a new technology product to the market. it sets the product’s price at the highest price it thinks customers will pay. the type of pricing strategy is the company using is
skim pricingWhat is pricing strategy?
Price is the value assigned to a good or service and is determined by a complicated series of calculations, research, and risk-taking skills.
A pricing strategy considers factors such as market conditions, consumer willingness to pay, competition activity, trade margins, and input costs, among others. Target audiences include the specified clients and rival businesses.
Depending on the industry and business model at hand, many pricing models are often utilized, including value-based, competitor-based, cost-plus, and dynamic pricing.
Skimming is a pricing technique that involves setting initial product prices high and then lowering them as competitors enter the market. Penetration pricing is the reverse of skim pricing.
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The promotion of companies’ sustainably harvested rainforest products is intended to _______.
Companies are involved in promotion of sustainably harvested rain-forest products in order to gain an a competitive advantage.
What is competitive advantage?A competitive advantage means an advantage possess by a firm that allow them to produce goods or services better or more cheaply than its rivals.
In conclusion, the companies are involved in promotion of sustainably harvested rainforest products in order to gain an a competitive advantage.
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Taking an online class doesn’t require any special skills.
a) true
b) false
Answer:
b) false
Explanation:
Taking an online class requires Primary Technology Skills. These skills help both the educator or teacher and the students to know how to navigate through the computer working space environments and the web or internet-enabled applications that are necessary for the online class.
Some of the primary technology skills needed include the following:
1. Skills in Word Processing.
2. Skills in Spreadsheets.
3. Electronic Presentation Skills.
4. Web Navigation Skills.
5. Skills in E-Mail Management.
Hence, the correct answer is FALSE
Answer:
b false
Explanation:
What are the responsibilities of a group engagement partner (team) when it assumes responsibility for the work of a component auditor
The group engagement partner is accountable for both deciding whether the auditor's report is suitable under the circumstances and for (1) supervising and carrying out the group audit engagement in accordance with professional standards and any regulatory requirements.
The partner or other firm employee who is in charge of the group audit engagement, its results, and the auditor's report on the group financial statements that is published on the firm's behalf.
They may be in charge of coming up with programmes and events that are intended to boost employee engagement. Activities for fostering teamwork, awards for excellence, and recognition programs are a few examples of this. These initiatives aid in fostering a favorable atmosphere where employee happiness is acknowledged and admired.
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Which of these could be an option after high school for a person who wants to further his education but doesn't want to take out student loans?
Hi there,
I can not find the complete question to help choose an option. I wil list out a variety of answers and you would be able to choose any that suits your question.
Answer/Explanation:
As an high school leaver that wants to further his education but that doesn't want to take student loans to do it, there are a variety of option such high school leaver can choose from.
1. work and study: this simply means that the high school leaver can decide to work alongside college or university as use the money from the job to settle university bills.
2. Scholarships: Am high school leaver can try scholarship opportunities tourther his education. A scholarship can be said to be a philanthropic act by a body or individual to reward or help individuals with tuition and other things as stated in the terms and conditions.
3. Setup a funding site: an high school leaver can set up a funding site in which donations can be made to fund the higher education.
Cheers.
In 2015 the cost of a complete bathroom package represented_____ of the monthly average household expenditures of the bottom 40% of the poorest population.
The cost of a complete bathroom package represented a significant portion of the monthly average household expenditures of the bottom 40% of the poorest population in 2015.
However, the exact percentage cannot be determined without additional information.
The question provides us with incomplete information, as it does not specify the exact percentage of household expenditures that the cost of a complete bathroom package represents for the bottom 40% of the poorest population. Therefore, it is not possible to give a precise answer to this question without additional data.
However, we can infer that the cost of a complete bathroom package is likely to represent a relatively high proportion of the monthly average household expenditures for the bottom 40% of the poorest population.
This is because people in this income bracket typically have limited financial resources and may struggle to afford basic necessities, such as food, housing, and healthcare. As a result, any additional expenses, such as those associated with home renovations, are likely to represent a significant financial burden for them.
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Which factor doesn’t describe management as science
according to the law of demand consumer demand for a product will decrease if
Answer:
when prices rise the product demand will decrease.
What action kept farmers in the south indebted to landowners?
The action that kept farmers in the south indebted to landowners was sharecropping. Sharecropping was a system where landowners would allow farmers to use their land to grow crops in exchange for a share of the profits.
After the Civil War, many farmers in the South were left with little to no money or resources to rebuild their lives and farms. As a result, they turned to sharecropping as a means of making a living. Sharecropping was an agreement between the landowner and the tenant farmer, where the farmer would provide labor and a portion of the crops in exchange for the use of the land and tools.
However, the landowners often charged exorbitant rates for rent and supplies, leaving the farmers indebted and unable to pay off their debts. The landowners would then force the farmers to continue to work the land to pay off their debts, which kept them in a state of perpetual indebtedness.
This cycle of debt and poverty made it difficult for farmers to ever become financially independent and led to a system of economic exploitation that lasted for many years in the South.
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What are some things that the presenter can do to engage the audience?
Answer:
Wow
Explanation:
Co
Answer:
Start your presentation by making them think. Ask them a question, or start with statistics. Make your presentation as relatable as it can possibly get. DON'T repeat yourself. I causes the audience to get board. Don't tell them why your presentation matters, show them. Be confident and do your best. It spreads a positive message and the more confident you seem on the topic and on the presentation the more people will want to listen.Explanation: BELIVE IN YOURSELF AND DO YOUR BEST, if it still doesn't go well, life might be trying to tell you something.
Hope this helps! I know you'll do great!
On Jordan's 20th birthday he decides to invest 10,000 that he has saved. He will not be adding any money to the initial investment. He projects that the investment will earn 8% per year. Based on these assumptions, how much money should Jordan expect to have when he turns 60?
Question 1 options:
$46,789.33
$217,245.21
$98,514.57
$312.589.66
$187,518.64
$209,987.33
Question 2 (4 points)
Saved
On Jordan's 20th birthday he decides to invest 10,000 that he has saved. He will not be adding any money to the initial investment. He projects that the investment will earn 10% per year. Based on these assumptions, how much money should Jordan expect to have when he turns 60?
Question 2 options:
$452,592.56
$278,582.56
$427,986.56
$438,478.56
$397,567.56
$301,578.66
Shakeria wants to start investing. She decides to put $1,000 in her investment account and then decides to add $5,200 (which is one hundred dollars per week) into the account at the end of each year. She expects her investments to earn an average of 9% over the next 30 years. How much will she have at the end of the 30 years?
Question 3 options:
$689,364.25
$254,369.25
$674,689.33
356,543.89
$701,055.34
$722,066.88
Shakeria wants to start investing. She decides to put $1,000 in her investment account and then decides to add $5,200 (which is one hundred dollars per week) into the account at the end of each year. She expects her investments to earn an average of 9%, and is investing over the term of 40 years. How much will she have at the end of the 40 years?
Question 4 options:
1,238,547.66
1.788,398.13
1,897,384.66
1,254,642.98
2,121,361.87
Randolph has $20,000. He invests his money and expects to earn 9% on the investment. Approximately how many years will it take for his investment to become $80,000? Use the rule of 72 to figure this out.
Question 5 options:
30
18
8
16
12
24
Question 6 (4 points)
Use the rule of 72 to determine the following investment result. Amaya has $10,000. She expects to earn 7.2% on her investments portfolio. How long will it take forher investment to double?
Question 6 options:
10 years
9 years
8 years
7 years
11 years
7.2 years
Question 7 (4 points)
Which of the following inestments would be considered the most liquid?
Question 7 options:
Real Estate
A one year CD
A standard savings account
A 401k
Question 8 (4 points)
Which type of account would most financial advisors prefer for you to keep your reserve fund? Choose the best answer.
Question 8 options:
403b
529
401k
savings account
checking account
Question 9 (4 points)
Saved
Jair invested his money and earned 12% over the last year. Over the same duration, the inflation rate was 4%. What is his real rate of return.
Question 9 options:
4%
8%
12%
16%
Question 10 (4 points)
Makeria bought an investment for $300 and sold it two years later for $360. What was her ROI in Dollars?
Question 10 options:
$360
$60
.20
$300
Question 11 (4 points)
Makeria bought an investment for $300. Two years later she sold it for $360, what was her total ROI as a percentage?
Question 11 options:
20%
10%
360%
300%
Question 12 (4 points)
Makeria Invested $300 and then sold her investment 2 years late for a total of $360. What was her average annual ROI? (choose the closest answer)
Question 12 options:
20%
10%
360%
300%
When the price of softballs is high, a ________ in price will raise total revenue. When the price is low, the seller should ________ the price to increase total revenue.
A Decrease in price will raise total revenue. When the price is low the seller should raise the price.
Demand vs SupplyAn increase in demand is inversely proportional to an increase in price, therefore as the price of softball increases the demand for softball will reduce, therefore to raise total revenue the seller should decrease price of the softball as that will lead to an increase in demand for the softball.
Hence we can conclude that A Decrease in price will raise total revenue. When the price is low the seller should raise the price.
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Steve believes that his wife's cell phone battery does not last as long as his cell phone battery, On seven different occasions, he measured the length of time his cell phone battery lasted and calculated that the mean was 16.4 hours with a standard deviation of 8.2 hours. He measured the length of time his wife's cell phone battery lasted on twelve different occasions and calculated a mean of 22.4 hours with a standard deviation of 7.6 hours. Assume that the population variances are the same. Let Population 1 be the battery life of Steve's cell phone and Population 2 be the battery life of his wife's cell phone Step 1 of 2: Construct a 95% confidence interval for the true difference in mean battery life between 5 teve's celf phone and his wife's. Round the endpoints of the interval to one decimal place, if necessary. Lower Endpoint = ____
Upper Endpoint = ____
Step 2 of 2: Interpret the confidence interval obtained in Step 1. a. Since the confidence interval does not contain zero, the data do not provide evidence that the population means are unequal at a 95 of confidence level. b. Since the confidence interval contains zero, the data do not provide evidence that the population means are unequal at a 95% confidence level. c. We are 95% confident that the mean battery ife of Steve's cell phone is between 1.8 hours and 13.8 hours shorter than the mean battery life of his wife's cell phone. d. We are 95% confldent that the mean battery life of Steve's cell phone is between 1.8 hours and 13.8 hours longer than the mean battery Nfe of his wite's cell phore.
By constructing a 95% confidence interval for the true difference in mean battery life between Steve's cell phone and his wife's, we can assess the evidence regarding the equality of the population means. The lower and upper endpoints of the interval need to be calculated to interpret the results correctly.
Step 1: To construct a 95% confidence interval, we can use the formula: Mean difference ± (Critical value * Standard error). The critical value for a 95% confidence level is typically obtained from a t-distribution table or statistical software. The standard error can be calculated as the square root of [(Standard deviation1^2/n1) + (Standard deviation2^2/n2)], where n1 and n2 are the sample sizes for Steve's cell phone and his wife's cell phone, respectively.
Step 2: By calculating the lower and upper endpoints of the confidence interval and rounding them to one decimal place, we can interpret the interval. It is crucial to understand that the confidence interval estimates the range within which the true difference in mean battery life between the two cell phones is likely to fall.
In this case, the correct interpretation would be:
c. We are 95% confident that the mean battery life of Steve's cell phone is between 1.8 hours and 13.8 hours shorter than the mean battery life of his wife's cell phone.
This interpretation is based on the calculated confidence interval, which provides a plausible range for the true difference in mean battery life. Since the interval does not contain zero, it indicates that there is evidence of a significant difference between the mean battery life of Steve's cell phone and his wife's at a 95% confidence level. The range of 1.8 to 13.8 hours suggests that Steve's cell phone battery tends to last significantly less than his wife's.
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bzzagent mini case: bzzagent is a word-of-mouth marketing agency that runs brand advocate programs for global brands. it recently partnered with a company to pair its social media and word-of-mouth insights with shopper loyalty data. the results indicated that consumers who were making repeat purchases were also more engaged and created a higher volume of advocacy. the information from this study is important to marketers, who are trying to find ways to engage advocates and influencers, especially via social media. marketers are trying to figure out the characteristics of individuals who are most likely to influence others. in the bzzagent mini case, marketers are interested in finding individuals who influence others. the process by which one influential person informally influences the actions or attitudes of others is known as . question 28 options: a) referencing b) opinion leadership c) blogging d) positioning e) targeting
Marketers are searching for people who have sway over others in the BZZAGENT MINI CASE. Opinion leadership is the method by which one powerful individual subtly shapes the behaviors or attitudes of others.
The act of interpreting media messages or content for less sophisticated media users is known as opinion leadership. Usually, individuals who agree with opinion leaders hold them in high regard. The two-step communication flow idea put forward by Paul Lazarsfeld and Elihu Katz is where opinion leadership originates. Robert K. Merton, C. Wright Mills, and Bernard Berelson were significant contributors to the development of the opinion leader concept. The diffusion of innovations, concepts, or commercial goods is attempted to be explained by a number of models, some of which include this hypothesis.
Because we frequently ask for advice from others in a social setting, opinion leaders play a crucial part in information flow. The target audiences do not directly receive information from the media.
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marketing channels create four types of utility for consumers including
Marketing channels create four types of utility for consumers including form utility, time utility, place utility, and possession utility.
The four types of utility that marketing channels create for consumers include:
1. Form utility: Marketing channels create form utility by transforming raw materials and components into finished products that consumers desire. This may involve manufacturing, packaging, and design processes to create a product that meets consumers' needs and preferences.
2. Time utility: Marketing channels create time utility by making products available when consumers want them. This involves coordinating production, inventory management, and distribution to ensure products are delivered in a timely manner.
3. Place utility: Marketing channels create place utility by making products available at convenient locations for consumers. This involves the efficient transportation and distribution of products to various retail outlets, as well as effective store placement and display to ensure easy access for consumers.
4. Possession utility: Marketing channels create possession utility by facilitating the transfer of ownership from the producer to the consumer. This may involve various activities, such as sales promotions, payment options, and customer service to ensure a smooth and convenient purchasing experience for consumers.
In summary, marketing channels create form, time, place, and possession utility for consumers by providing the desired products in a timely and convenient manner.
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Owners share profits and losses in whatever proportions they agree upon in a ____________________.
owners share profits and losses in whatever proportions they agree upon in a partnership.
A partnership is a business structure where two or more individuals or entities come together to jointly operate a business for profit. The specific distribution of profits and losses among the partners is typically outlined in a partnership agreement. This agreement can specify the percentage or ratio in which profits and losses will be divided among the partners.
The agreed-upon proportions may be based on various factors such as the partners' contributions, capital invested, or the terms negotiated between them. The flexibility to determine profit and loss sharing proportions is one of the key advantages of a partnership, allowing partners to tailor the distribution to meet their individual needs, priorities, and agreement.
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Adversity has the effect of eliciting talents which in prosperous circumstances would have lain dormant. True or false?.
Quintus Horatius Flaccus also known as Horace, a Roman lyric poet, once said "Adversity has the effect of eliciting talents which in prosperous circumstances would have lain dormant". Thus, the answer is TRUE.
What Horace meant by this statement was that if a person has the courage and determination to overcome challenges or seemingly impossible tasks, his true strengths might very well emerge.
A person's actual strengths will surface if they have the desire and bravery to tackle obstacles or tasks that seem insurmountable and this is known as the "adversity effect" principle, famously quoted by Horace.
This is a belief that the ability to disprove others' claims and validate your own is facilitated by self-confidence and the conviction that everything is possible.
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4. is monopolistic competition efficient? suppose that a company operates in the monopolistically competitive market for electric razors. the following graph shows the demand curve, marginal revenue (mr) curve, marginal cost (mc) curve, and average total cost (atc) curve for the firm. place a black point (plus symbol) on the graph to indicate the long-run monopolistically competitive equilibrium price and quantity for this firm. next, place a grey point (star symbol) to indicate the minimum average total cost the firm faces and the quantity associated with that cost. mon comp outcome min unit cost 0 10 20 30 40 50 60 70 80 90 100 100 90 80 70 60 50 40 30 20 10 0 price (dollars per razor) quantity (thousands of razors) demand mr mc atc 55, 30
1) Monopolistic businesses are not long-term efficient. 2) The solution is D. Monopolistic enterprises are not allocatively efficient because they produce where the price is higher than the marginal cost.
What does monopolistic competition's demand curve look like?The perceived demand curve for a monopolistically competitive firm slopes downward, indicating that it sets prices and selects a mix of quantity and price.
Is monopolistic competition in an industry as productive as perfect competition?Because it doesn't produce at the minimum of its average cost curve or where P = MC, a monopolistically competitive firm cannot be said to be efficient. Hence, compared to a firm that operates under perfect competition, a monopolistically competitive firm will typically produce less at a greater cost and charge more.
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What measures the change in prices of a basket of goods and services in a given year
Choices
A. Recession
B. Depression
C. Deflation
D. Inflation
Answer:
d. inflation
Explanation:
PLATO
A share of ownership in a company is known as which of the following?
А.Stock
B.Investment
с.Rebate
D.Bond
Answer:
Stock
Explanation:
The worth of a company is subdivided into small units known as shares. Each unit of a share represents the ownership of the company. The owners of the shares are described shareholders, and they are the owners of the company.
The term share is, at times, substituted with stock or equity. In ownership of a company, stock, shares, and equity will refer to the same things. Shareholders are also then referred to as stockholders.
what rm process step requires a cycle of continuous reassessment
The risk management process that requires a cycle of continuous reassessment are Develop controls and make risk decisions. It is because development of a company should be monitored and evaluated in a periodic time.
In the term of business and organization, Risk management or also known as RM generally can be defined as the identification, evaluation, and prioritization of risks followed by coordinated and economical application of resources. The risk management has a function to minimize, monitor, and control the probability or impact of unfortunate events or to maximize the realization of opportunities.
The question above is incomplete, the complete question is:
What RM process step requires a cycle of continuous reassessment until the benefits of completing the mission outweigh the risks of not completing it?
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Insurance companies willingly take on our risks for a fee. give an example of a risk that you or someone else has chosen to insure. how could you use your technology skill and microsoft excel to organize, analyze, and compare data to decide if a specific insurance is a good value for the example you gave? think about the cost and consequences of not having insurance versus the cost of the insurance over time.
Insurance companies voluntarily adopt our charge probability," which means that assurance companies will compensate us for all of our losses in terms of products for which they have health coverage, and that the threat for both would be equal.
What is health coverage in insurance?Health coverage is the insurance or security of the health against the accident or any emergency in the person's life. Health insurance covers many things like heart attack, accident, paralyses, COVID-19, and other health issues.
The health company pay an amount at the time hospitalizing the person after claiming to the insurance company.
Thus, Insurance companies voluntarily adopt our charge probability.
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A logistics manager ordering parts wants to choose a mode of transportation with very low costs.
The mode of transportation, that if available, will best meet these needs is: D. Ships.
What is the best mode of transportation for the logistics manager to use?The best mode of transportation that the logistics manager in the scenario described above can use ship. The factors that make this choice the most desirable include the fact that the manager seeks a cheap mode of transportation.
Also, since long delivery times are not a major problem, ships are ideal because they take time to arrive but are cost-effective. As an efficient manager, the best way of ordering parts while saving money for the organization will be through the use of ships.
Complete Question:
A logistics manager ordering parts wants to choose a mode of transportation
with very low costs. The company can plan ahead, so long delivery times are
not a major problem. What mode of transportation, if available, will best meet
these needs?
A. Railroads
B. Trucks
C. Airplanes
D. Ships
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List the six areas of interest.
Answer:
Six areas of interest are: building,thinking,creating,holding, persuading and organizing.
Explanation:
(5 points) Suppose a decline in trading cost with Mexico makes it easier for U.S. firms to offshore to Mexico. What is the effect on relative wage of high-skilled labor in the U.S.?
The decline in trading costs with Mexico, which makes offshoring easier for U.S. firms, is likely to have a downward effect on the relative wage of high-skilled labor in the U.S.
The reason behind this effect is that offshoring allows firms to access cheaper labor in Mexico, where wages may be lower than in the U.S. As a result, U.S. firms may choose to relocate some of their high-skilled labor-intensive activities to Mexico to take advantage of the cost savings. This increased competition for high-skilled labor in the U.S. can put downward pressure on wages.
Furthermore, the increase in offshoring can also lead to a shift in the demand for labor within the U.S. economy. If firms offshore high-skilled labor-intensive activities, the demand for high-skilled labor within the U.S. may decrease, causing a decrease in their relative wage.
Overall, the decline in trading costs with Mexico and the subsequent increase in offshoring can lead to a downward effect on the relative wage of high-skilled labor in the U.S. This highlights the importance of considering the potential impact of international trade and offshoring on labor markets and wage inequality.
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If Chinwe owes $2,164.00, what would her quarterly payments be?
Answer:
$541.00
Explanation:
2164 / 4 = 541
Based on the calculation, Chinwe's quarterly payment would be equal to $541.00.
What is a quarterly payment?A quarterly payment can be defined as a cumulative total of monthly payments that are made by an individual or business organization, four (4) times in a year or an annual basis. This ultimately implies that, a quarterly payment would be paid in four (4) installments only.
Given the following data:
Debt = $2,164.00.
Quarterly payment = 2,164.00/4
Quarterly payment = $541.00.
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what is bitcoin: a peer-to-peer electronic cash system ?
"Bitcoin: A Peer-to-Peer Electronic Currency System" is the title of a white paper issued in 2008 by the completely anonymous person or group of individuals known as Satoshi Nakamoto.
Bitcoin is a decentralized digital currency that functions on a peer-to-peer network, allowing users to conduct direct transactions without the assistance of a third party, such as a bank or payment processor. Bitcoin transactions are cryptographically verified by network nodes and stored on a public ledger known as a blockchain.
The use of cryptography assures transaction security and integrity, while the blockchain maintains the ledger's immutability. It has also been lauded as a potential replacement for existing fiat currencies, a store of wealth, and a way of payment for goods and services.
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which is not an example of transfer income.
a) dividend
b) rent
c) pensions
d) scholarship grant to students
Answer:
A - dividen
Explanation:
A is the answet
From the following Ledger balances of AB International, prepare a Trial Balance.
In preparation of our Trial Balance, we have an equal credit and debit side which equals to $65,745.
Prepare of Trial Balance for AB International:A trial balance can be used to identify mathematical errors in a double entry accounting system. If the total debits equal the total credits, the trial balance is considered balanced, and no mathematical errors should exist in the ledgers.
No Particulars L.F. Debit ($) Credit ($)
1. Purchases 12,000
2. Sales 25,000
3. Discount 1,200
4. Salaries 2,500
5. Wages 10,000
6. Cash in Hand 975
7. Cash at Bank 13,500
8. Repairs & Maintenance 870
9. Sundry Expenses 350
10. Mortgage 14,000
11. Mortgage Interest 250
12. Traveling Expenses 100
13. Insurance 150
14. Carriage 250
15. Commission 350
16. Rent and Rates 600
17. Building 6,000
18. Machinery 5,000
19. Delivery Van 4,000
20. Capital 20,000
21. Accounts Payable 3,200
22. Accounts Receivable 4,500
23. Opening Stock 2,450
24. Returns Inward 300
25. Reserve for doubtful debts 800
26. Notes Payable 2,745
27. Notes Receivable 400
Total $65,745 $65,745
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You are considering a job offer. The job offers an annual salary of $52,000, $55,000, and $60,000 a year for the next three years, respectively. The offer also includes a starting bonus of $2,000 payable immediately. What is this offer worth to you today at a discount rate of 6%
To determine the present value of the job offer, which includes a salary and a starting bonus, we need to discount the future cash flows at a discount rate of 6%.
To calculate the present value of the job offer, we need to discount each cash flow (salary and bonus) to its present value using the discount rate of 6%. The present value of each cash flow can be calculated using the formula:
\(PV = CF / (1 + r)^n,\)
where PV is the present value, CF is the cash flow, r is the discount rate, and n is the number of periods.
For the salary, we have three cash flows: $52,000, $55,000, and $60,000. Discounting each cash flow at a rate of 6% for the respective periods, we can calculate the present value of each cash flow.
For the starting bonus, which is payable immediately, its present value is equal to its face value since there is no time period for discounting. Finally, we sum up the present values of all cash flows (salary and bonus) to obtain the total present value of the job offer. This total present value represents the worth of the offer to you today, considering the discount rate of 6%.
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Companies that fail to identify needs risk which of the following?
A. loss of customers
B. wasteful spending
C. increasing interest
D. increasing debt
Answer:
A. Loss of customers
Explanation:
1000 percent.