a shoe store that offers running shoes, dress shoes, and children's shoes is said to have
Answers
A shoe store that offers running shoes, dress shoes, and children's shoes is said to have depth of product line.
The quantity of certain items or varieties included in a product line is referred to as product line depth. Although it can range amongst brands, variety will vary depending on the products. Certain brands might be categorised according to how they differ from one another in terms of size, shape, colour, flavour, or other factors.
The term "assortment of products" is frequently used to refer to the product line depth. For instance, a corporation like Walmart has a wide range and variety of products in their locations. By distributing items from other sellers that aren't sold in stores on their website, Walmart broadens the selection of things it offers.
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The shoe store offers a variety of footwear, including running shoes, dress shoes, and children's shoes.
This indicates that a diverse group of clients with various footwear requirements is catered to by the business. Dress shoes are appropriate for formal events, running shoes are built for athletes and fitness fanatics, and children's shoes are developed with comfort and durability in mind. The company is able to draw in and keep clients who are seeking particular styles of shoes by providing a wide range. This opens up the possibility of greater sales possibilities and more earnings.
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Related Questions
The bank pays you _______________ for your money held on deposit. a) investment b) attention c) debit d) interest
Answers
Mulherin's stock has a beta of 1.23, its required return is 11.75%, and the risk-free rate is 4.30%. What is the required rate of return on the market?
Answers
The required rate of return on the market is 9.98%.
What is Risk Premium?A risk premium is an additional risk required by a common stockholder in exchange for taking the additional risk of investing in that particular stock. It denotes the distinction between market risk-return and risk-free return.To find the rate of return:
The required market rate of return is calculated as follows:
Required return = Risk-free rate + (Beta × (Market return - Risk-free rate))
11.75% = 2.3% + (1.23 × (Market return - 2.3%))1.23 × (Market return - 2.3%) = 11.75% - 2.3%1.23 × (Market return - 2.3%) = 9.45%Market return - 2.3% = 7.68%Market return = 7.68% + 2.3%Market return = 9.98%Therefore, the required rate of return on the market is 9.98%.
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The correct question is given below:
Mulherin's stock has a beta of 1.23, its required return is 11.75%, and its risk-free rate is 2.30%. What is the required rate of return on the market?
The following table gives the federal income tax rates for a single individual. Income Rate $8925 to $36.250 $36.250 to $87,850 $87,850 to $183.250 $183250 to $398,350 $398,350 to $400,000 $400,000 and above 15% 25% 28% 33% 35% 39 60% The total tax payable for an individual who earns $425,000 a year is (Round your response to two decimal places ) The marginal tax rate is percent. (Round your response to two decimal places.) The average tax rate is percent (Round your response to two decimal places)
Answers
The total tax payable for an individual who earns $425,000 a year is $126,540.50. The marginal tax rate is 39.6%. The average tax rate is 29.78%.
Using the given table, we can calculate the federal income tax payable for an individual earning $425,000 per year as follows:
The first $36,250 is taxed at a rate of 15%, resulting in a tax of 0.15 x $36,250 = $5,437.50.
The next $51,600 ($87,850 - $36,250) is taxed at a rate of 25%, resulting in a tax of 0.25 x $51,600 = $12,900.The next $95,400 ($183,250 - $87,850) is taxed at a rate of 28%, resulting in a tax of 0.28 x $95,400 = $26,712.The next $215,100 ($398,350 - $183,250) is taxed at a rate of 33%, resulting in a tax of 0.33 x $215,100 = $71,013.The next $1,650 ($400,000 - $398,350) is taxed at a rate of 35%, resulting in a tax of 0.35 x $1,650 = $577.50.The remaining $25,000 ($425,000 - $400,000) is taxed at a rate of 39.6%, resulting in a tax of 0.396 x $25,000 = $9,900.Adding all of these taxes together, the total tax payable is $126,540.50.
To calculate the marginal tax rate, we look at the tax rate applied to the last dollar earned. In this case, the individual's income of $425,000 puts them in the highest tax bracket, with a marginal tax rate of 39.6%.
To calculate the average tax rate, we divide the total tax payable by the individual's income. In this case, the average tax rate is $126,540.50 / $425,000 = 0.2978 or 29.78%.
Therefore, the total tax payable for an individual who earns $425,000 a year is $126,540.50,the marginal tax rate is 39.6% and the average tax rate is 29.78%.
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Taking money to allow someone to get what they want is a(n) ___ choice
ethical
unethical
neither
Answers
Answer:
its b, unethical
Explanation:
fix your grammer
Answer:
Unethical
Explanation:
Imagine yourself later on down the line knowing that you did something that you can't undo. Think before you react!!! People are challenged every day, but it's up to you to make that right decision.
What is the role of internal auditors
Answers
Answer: The role of internal auditors is to provide independent assurance
Explanation:
Explanation:
In simplest terms, the duties of an internal auditor are to: Objectively review an organization's business processes. Evaluate the efficacy of risk management procedures that are currently in place. Protect against fraud and theft of the organization's assets.
In what kind of nation are members of a society most likely to have good educational opportunities?
a developing nation
a developed nation
a country emerging from an economic and political crisis
an underdeveloped nation
Answers
Answer:
a developed nation for states
How long does it typically take for deeper aquifers to recharge?
Answers
We need to consider various factors such as the aquifer's depth, geological characteristics, and local climate conditions. Generally, deeper aquifers take a longer time to recharge compared to shallow ones due to their depth and lower permeability.
The process of recharging deeper aquifers involves several steps:
1. Precipitation: Rain or snowfall infiltrates the ground, adding water to the soil.
2. Infiltration: Water moves downward through the soil and unsaturated zone due to gravity.
3. Percolation: Water travels through the unsaturated zone, eventually reaching the water table.
4. Recharge: Once the water reaches the water table, it becomes part of the aquifer and is available for use.
The time it takes for deeper aquifers to recharge can range from several years to thousands of years, depending on the factors mentioned earlier. The depth of the aquifer, the permeability of the geological material, and the amount of precipitation received all play a role in determining the recharge rate.
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Tell me about your favorite customer and how you built a relationship with them.. How did you build that connection?
Answers
Case Study
Doctrine of Judicial Precedents
The decision of a judge over a case can become binding on other judges having cases with
similar attributes, circumstances and situations. For example a decision of the Federal Court
over a case can bind the lower courts and a decision a decision of a High Court can bind the
Sessions Courts or the Magistrates Courts.
Answer the following:
Critically evaluate the advantages and disadvantages of judicial precedents in the legal
system.
a. In Malaysia, there two High Courts i.e. the High of Malaya and the High Court of Sarawak
and Sabah. How is the rule of judicial presidents applied in these High Courts? Justify
your answer.
b. How would the judges in the lower courts overcome the doctrine of binding judicial
precedents?
c. If the law in the country could be developed through the doctrine of judicial precedents,
why is there a need for statutory law?
Answers
Advantages and Disadvantages of Judicial Precedents in the Legal System:
Advantages: Certainty and Predictability: Judicial precedents provide a level of certainty and predictability in the legal system.
Legal system. By following established precedents, individuals can have reasonable expectations of how similar cases will be decided, promoting consistency and fairness.
Efficiency: Precedents streamline the legal process by providing guidance to judges and legal professionals. Instead of starting from scratch with every case, judges can rely on previous decisions, saving time and resources.
Flexibility and Adaptability: The doctrine of judicial precedents allows the law to evolve and adapt to changing circumstances and societal values. Courts can modify or overrule previous decisions when justified by new legal principles or changed societal norms.
Disadvantages:
Rigidity: The reliance on precedents can result in a rigid legal system. Precedents may restrict judges from considering unique circumstances or making decisions based on justice and equity. This can lead to outcomes that are perceived as unjust or outdated.
Inconsistencies: Precedents are not always consistent, as different judges may interpret and apply them differently. Inconsistencies can create confusion and undermine the goal of fairness and predictability.
Stare Decisis: The principle of stare decisis, which requires lower courts to follow binding precedents, can limit the ability of judges to make independent decisions and adapt the law to changing circumstances. It may hinder the development of the law in certain situations.
a. In the High Courts of Malaysia, the rule of judicial precedents is applied through the doctrine of stare decisis. The decisions of the High Court of Malaya and the High Court of Sabah and Sarawak are binding on the lower courts within their respective jurisdictions. This means that the lower courts must follow and apply the legal principles established by these High Courts when deciding similar cases. This promotes consistency and ensures uniformity in the application of the law within each jurisdiction.
b. Judges in lower courts can overcome the doctrine of binding judicial precedents through two main methods:
i. Distinguishing: Judges can distinguish the facts and circumstances of the current case from the binding precedent. If the facts are sufficiently different, the judge may not be obligated to follow the precedent and can reach a different decision.
ii. Overruling: Judges can also overcome binding precedents by overruling them. Overruling occurs when a higher court overturns or invalidates a previous decision made by a lower court. This can happen when new legal principles or a change in societal values warrant a different interpretation or application of the law.
c. The need for statutory law exists alongside the doctrine of judicial precedents for several reasons:
i. Legal Gaps: Statutory law fills gaps in the common law system where there is no binding precedent. It allows for the creation of new laws or the amendment of existing laws to address emerging issues or societal needs.
ii. Legislative Intent: Statutory law reflects the intent of the legislature, providing a clear expression of the law's purpose and objectives. Judicial precedents, on the other hand, are interpretations and applications of the law by judges, which may not always align with legislative intent.
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Consider a shirt-stitching process. The raw material for a shirt arrives as two sheets. One sheet (the front) goes to worker A who takes 5 minutes to process it. The other sheet (the back) goes to worker B who takes 10 minutes to process it. So A and B are done simultaneously, not sequentially. Once both front and back are ready, they go to worker C who stitches them together (4 minutes), then to D (Ironing, 12 minutes) and to E (packing, 5 minutes). All steps (A, B, C, D, and E) are necessary to create each finished unit. Each step employs a single worker. The cycle time achieved by this process is:
Answers
Option B is correct. The given question is related to the calculation of the cycle time of a shirt-stitching process. The raw material for a shirt arrives in two sheets, and each sheet goes to the respective worker.
So, the cycle time achieved by this process is calculated as follows:
Calculation of the cycle time of a shirt-stitching process:
Process A takes 5 minutes
Process B takes 10 minutes
Process C takes 4 minutes
Process D takes 12 minutes
Process E takes 5 minutes
The total cycle time required is= Process A + Process B + Process C + Process D + Process E= 5 + 10 + 4 + 12 + 5= 36 minutes
So, the cycle time achieved by this process is 36 minutes.
Therefore, option B is correct.
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in October 2001 president George w bush gave directions to establish the office of homeland security and the homeland security council. what is this an example of? A. treaty B. executive order C. agency regulation D.Statute
Answers
Answer:
agency regulations i think
your social media content strategy should flow naturally from your __________________.
Answers
Your social media content strategy should flow naturally from your overall marketing and branding strategy.
It is important to ensure that your social media content aligns with your brand values and messaging, and supports your overall marketing goals. Your content should be tailored to your target audience and their interests, while also staying true to your brand voice and tone. By keeping a consistent and cohesive approach across all marketing channels, including social media, you can build a strong brand identity and increase customer engagement and loyalty. It is important to regularly review and evaluate your social media content strategy to ensure it is still aligned with your overall marketing goals and is effectively reaching your target audience.
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Which represents the most accurate description of how credit cards differ from loads
Answers
Answer:
C
Explanation:
Loans are typically for something that will build your value. Credit cards are not.
The option B gives the accurate difference between a credit card and a loan. The credit card payments typically vary from month to month, while the loan payments remain the same as long as the interest rates remain the same.
What is a Credit Card?A credit card is a form of borrowing and allows you to borrow up to the credit limit set for your card. Credit cards let you borrow money from a bank under the agreement that you'll repay it by your bill's due date or incur interest charges.
A credit card is a type of payment card in which charges are made against a line of credit instead of the account holder's cash deposits. When using a credit card, you will need to make at least the minimum payment every month by the due date on the balance.
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which wheel settings change when you mount the subframe incorrectly in the transverse direction? Check all that apply
TOE
CAMBER
STEERING AXIS INCLINATION (SAI)
CASTER
Answers
The wheel settings that change when you mount the subframe incorrectly in the transverse direction is "CASTER" (Option D)
What is Caster?Caster is the process of aligning a wheel with the direction of travel, which can be performed by caster displacement or caster angle. As with the front wheels of a shopping cart, caster displacement shifts the steering axis forward of the axis of wheel rotation. The steering axis is moved away from the vertical by the caster angle.
The caster angle, also known as the castor angle, is the angular displacement of the steering axis from the vertical axis of a steered wheel of a car, motorbike, bicycle, another vehicle, or watercraft as seen from the side.
Positive caster enhances the responsiveness of your vehicle while negotiating bends and the stability of your car when going at greater speeds. The sole disadvantage of a positive caster is that it increases the amount of effort required to steer your car.
Turning plates and a digital or bubble camber/caster gauge are the two most common methods for measuring caster angles. Measuring the upper and lower wishbone mounting points or the MacPherson strut angle.
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vulcan, inc., has 7.2 percent coupon bonds on the market that have 10 years left to maturity. the bonds make annual payments and have a par value of $1,000. if the ytm on these bonds is 9.2 percent, what is the current bond price? (do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
Answers
7.2 percent coupon bonds with a maturity date of 10 years are now available on the market from vulcan, inc. The bonds have a $1,000 par value and are paid annually. The current bond price is $875.36 if the ytm on these bonds is 9.2 percent.
We may get the current bond price by using the following formula: P is defined as (C / r) x [1 - 1 / (1 + r)] + (F / (1 + r)]
7.2 percent coupon bonds with a maturity date of 10 years are now available on the market from vulcan, inc.
where: F = face value or par value = $1,000 C = yearly coupon payment = 0.072 x $1,000 = $72 r = yield to maturity = 0.092 n = number of years to maturity = 10
We obtain the following by plugging in the values: P = ($72 / 0.092) x [1 - 1 / (1 + 0.092)10] + ($1,000 / (1 + 0.092)^10)
P = $875.36
The price of the bond at the moment is $875.36. This results in a yield to maturity of 9.2% if an investor purchases the bond at this price. They will get an annual coupon payment of $72 and will receive the bond's face value of $1,000 when it matures.
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The problems of ineffective communications in business
Answers
Answer:
Misunderstandings: When communication is unclear or ambiguous, it can lead to misunderstandings between employees, managers, or clients. This can cause delays, mistakes, and ultimately, loss of productivity and revenue.
Poor teamwork: Effective communication is essential for effective teamwork. If team members are unable to communicate effectively with one another, they may fail to collaborate and coordinate their efforts, leading to poor performance and results.
Low morale: When communication is ineffective, it can create a negative work environment and lead to low employee morale. This can result in a lack of motivation, decreased productivity, and high turnover rates.
Customer complaints: Poor communication with customers can result in complaints and loss of business. Customers who feel that their concerns or questions are not being addressed may take their business elsewhere.
Increased costs: Ineffective communication can lead to additional costs for a business, such as rework or waste due to misunderstandings or mistakes. This can negatively impact the bottom line and reduce profitability.
Overall, ineffective communication can have significant impacts on a business's productivity, profitability, and reputation. It is essential for businesses to prioritize effective communication strategies to avoid these problems and ensure success.
Explanation:
First, we need to figure out how much you want to borrow. You said you wanted to spend $5,000, and you will put $500 down. Based on that, we can estimate your taxes to be $340. Put those numbers into the calculator and press calculate to see how much money you will need for your loan.
Answers
"$4840" will be the total amount for the loan.
To "borrow" a thing means to use it with the purpose of giving it back. "Loan" is a word that can refer to either the act of giving anything to anyone or a number of funds it must be repaid with interest. That basically implies you can't say you're "borrowing" anything from anyone.
From the information that is provided:
Money that is spent = $5000
Down payment made = $500
The amount of taxes = $340
The total amount for the loan that is taken is
= 5000 - 500 +340
= $4840
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Explain the tool of monetary policy a government could use to gain positive balance of payment
Answers
Answer:
What is the tool of monetary policy?
Central banks have four main monetary policy tools: the reserve requirement, open market operations, the discount rate, and interest on reserves. 1 Most central banks also have a lot more tools at their disposal. Here are the four primary tools and how they work together to sustain healthy economic growth.
Explanation:
Which of the following is an output device? DVD-ROM Touchpad Hard drive Printer
Answers
The printer should be considered an output device.
The following information should be considered for an output device:
The output device is the device that transforms the information into a human-readable form. The example of the output devices includes monitor, printer, plotters, speakers, etc.Therefore we can conclude that the printer should be considered an output device.
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This shop is a sole trader and needs to obtain finance in order for the business to continue trading. Explain
two sources of finance that could help this business further expand
Answers
Answer:
see below
Explanation:
1. Personal Savings
The sole trader can invest his savings into his business for expansion. A sole trader who is confident about his business's prospects will be prepared to invest additional savings into the business for growth. The use of savings relieves them from the strain of interest payments and enables them to retain full control over the business.
2. Sale of Assets
Should a sole trader require funds to expand their business, they opt to dispose of some of their assets. If the trader does not have savings or retained earnings and have a property registered in their name, they may decide to sell it to raise capital.
each point on a ________ curve shows the willingness of consumers to purchase a product at different prices.
Answers
Answer:
demand is the word.
Explanation:
Each point on a demand curve shows: The willingness of consumers to purchase a product at different prices. The consumer surplus received from purchasing a given quantity of a product The economics surplus received from purchasing a given quantity of a product The legally determined maximum price that sellers may charge for a given quantity of product.
Which condition is a result of open competition in a free market system?
A. Poor customer service
B. Government regulation
C. Higher prices
D. Higher quality goods
Answers
A result of open competition in a free market system is higher quality goods (option D).
What is the result of open competition?
Competition is when there are many producers operating in a particular industry. Competition is high in purely competitive markets and low in a monopoly. This is because in a pure competition, there are many producers while there is only one producer in a monopoly.
Due to the high level of competition in an industry, prices would be more likely to be low. This is because producers would want to attract more consumers by fairly pricing their goods. Also, producers would want to offer good customer service in order to retain consumers as there are many competing producers in the market. High quality goods are also a way to attract an retain customers.
A free market system is a market system where prices are set by the forces of demand and supply. There is no government regulation in this type of market.
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Tennyson's ultimate goal is to work as the CEO of an advertising agency. One of her goals is to "gain the required experience for the position." What type of goal would this be?
OA performance-based
OB. time-based
O C.
OD. long-term
mid-term
Answers
The type of goal that is been used when Tennyson's ultimate goal is to work as the CEO of an advertising agency and one of her goals is to "gain the required experience for the position is B. time-based goal.
What is time-based goal?
Time-based goal can be described as the goal that is been focused so that it can be achieved on a target date, it involve focusing on a particular thing at a time so as to be successful in it.
In conclusion, from the case above , we can see that her goal is to work as the CEO of an advertising agency which is specific and have time.
Therefore, option B is correct.
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Shares in Brothers Grimm, Inc., manufacturers of gingerbread houses, are expected to pay a dividend of $6.50 in one year and to sell for $97 per share at that time. How much should you be willing to pay today per share of Grimm under the following situations? Instructions: Enter all responses rounded to two decimal places.
a. If the safe rate of interest is 5.3 percent and you believe that investing in Grimm carries no risk. The share value today would be $ .
b. If the safe rate of interest is 10.3 percent and you believe that investing in Grimm carries no risk. The share value today would be $ .
c. If the safe rate of interest is 5.3 percent, but your risk premium is 4 percent. The share value today would be $ . Assume that Grimm is not expected to pay a dividend, but the expected price is unchanged. Instructions: Enter all responses rounded to two decimal places.
d. If the safe rate of interest is 5.3 percent and you believe that investing in Grimm carries no risk. The share value today would be $ . e. If the safe rate of interest is 10.3 percent and you believe that investing in Grimm carries no risk. The share value today would be $ .
f. If the safe rate of interest is 5.3 percent, but your risk premium is 4 percent. The share value today would be $ .
Answers
If the safe rate of interest is 5.3 percent and you believe that investing in Grimm carries no risk. The share value today would be $98.19
To determine the share value today, we need to calculate the present value of the expected dividend and future selling price using the given interest rates. The present value can be calculated using the formula:
Present Value = Future Value / (1 + Interest Rate)ⁿ
Where:
Future Value is the expected dividend or selling price at a future time.
Interest Rate is the rate of interest or discount rate.
n is the number of periods.
a. If the safe rate of interest is 5.3 percent and you believe that investing in Grimm carries no risk:
Future dividend: $6.50
Future selling price: $97
Number of periods: 1 year
Using the formula:
Present Value of dividend = $6.50 / (1 + 0.053)¹ = $6.16
Present Value of selling price = $97 / (1 + 0.053)¹= $92.03
The share value today would be the sum of the present values:
Share value today = Present Value of dividend + Present Value of selling price = $6.16 + $92.03 = $98.19
b. If the safe rate of interest is 10.3 percent and you believe that investing in Grimm carries no risk:
Using the same future values and number of periods:
Present Value of dividend = $6.50 / (1 + 0.103)¹ = $5.90
Present Value of selling price = $97 / (1 + 0.103)¹ = $88.10
Share value today = Present Value of dividend + Present Value of selling price = $5.90 + $88.10 = $94.00
c. If the safe rate of interest is 5.3 percent, but your risk premium is 4 percent:
Since there is no expected dividend, we only need to calculate the present value of the future selling price.
Present Value of selling price = $97 / (1 + (0.053 + 0.04))¹ = $84.70
Share value today = Present Value of selling price = $84.70
d. If the safe rate of interest is 5.3 percent and you believe that investing in Grimm carries no risk (same as situation a):
Share value today = $98.19
e. If the safe rate of interest is 10.3 percent and you believe that investing in Grimm carries no risk (same as situation b):
Share value today = $94.00
f. If the safe rate of interest is 5.3 percent, but your risk premium is 4 percent (same as situation c):
Share value today = $84.70
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You are analyzing a stock that has a beta of 1.34.
The risk-free rate is 3.1% and you estimate the market risk premium to be 5.6%.
If you expect the stock to have a return of 12.2% over the next year, should you buy it? Why or why not?
The expected return according to the CAPM is
(Round to two decimal places.)
Should you buy the stock? (Select the best choice below.)
A. No, because the expected return based on the beta is greater than the return on the stock.
B. Yes, because the expected return based on the beta is equal to or less than the return on the stock.
Answers
To determine whether to buy the stock, we need to compare the expected return based on the Capital Asset Pricing Model (CAPM) with the actual return of 12.2%.
Yes, you should buy the stock. According to the Capital Asset Pricing Model (CAPM), the expected return of a stock is calculated using the formula: Expected Return = Risk-Free Rate + Beta * Market Risk Premium. In this case, with a beta of 1.34, the expected return would be 3.1% + 1.34 * 5.6% = 10.32%. However, since you expect the stock to have a return of 12.2% over the next year, which is higher than the CAPM's expected return, it indicates that the stock is offering a higher return than what is justified by its systematic risk. Therefore, it suggests that the stock is undervalued, making it an attractive investment. Yes, you should buy the stock. The CAPM estimates the expected return based on the risk-free rate, the stock's beta, and the market risk premium. Given a beta of 1.34, the expected return is calculated as 10.32%. However, since the stock is projected to have a return of 12.2% over the next year, which is higher than the CAPM's expected return, it implies that the stock is undervalued. Therefore, it presents an opportunity for potential gains, making it a favorable investment option.
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According to mckinsey and company, which position cannot be easily replaced with robots?.
Answers
'According to McKinsey and Company, the Team managers position cannot be easily replaced with robots.
Team management is the ability of an individual or organization to manage and coordinate groups of people to complete tasks. Team management includes teamwork, communication, goal setting and performance appraisal.
Managers become good communicators by being good listeners. You give the other person time to speak. They have a clear understanding of the organization's vision and share it with team members to motivate them. They keep the team up to date on what is happening within the organization.
At its most basic level, management is a discipline comprised of five general functions: planning, organization, staffing, leadership, and administration.
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a service was performed for a client with payment due in 30 days what accounts are affected
a) debit Capital, Credit bank
b) debit accounts receivable, credit capital
c) debit Bank, credit accounts receivable
d) credit accounts payable, debit capital
Answers
Answer:
b) debit accounts receivable, credit capital
Explanation:
Performing service is part of normal business activities. It generates revenue for the business.
Once a service has been performed, revenue increases. Revenue is an equity account (it increases the owner's equity). An increase to an equity account is recorded by crediting the account.
The payment will be received in 30 days. This is an increase in accounts receivables ( asset account). An increase in assets is recorded as a debit.
the company has sales of $10,000,000, total assets of $2,400,000, stockholders' equity of $2,000,000, and net income of $500,000. calculate the company's profit margin. multiple choice question. 2% 20% 25% 5%
Answers
The company's profit margin can be calculated by dividing the net income by the sales and multiplying the result by 100 to express it as a percentage.
To calculate the profit margin, we can use the following formula:
Profit Margin = (Net Income / Sales) * 100
Given the information in the question:
Net Income = $500,000
Sales = $10,000,000
Let's substitute these values into the formula and calculate the profit margin:
Profit Margin = ($500,000 / $10,000,000) * 100
First, divide $500,000 by $10,000,000:
Profit Margin = 0.05 * 100
Multiply the result by 100 to express it as a percentage:
Profit Margin = 5%
So, the company's profit margin is 5%.
when only a portion of the units involved in a job are sold, the ______.
Answers
Unsold inventory or finished goods inventory refers to the remaining units in a work when just a fraction of them are sold.
Describe the workings of unsold inventory.Unsold inventory refers to products that have been finished but have not yet been sold. As this inventory builds up, the company may incur higher holding costs, such as those for storage and insurance. Unsold inventory may occasionally result in obsolescence or value declines if the products become antiquated or less in demand. Businesses that manage their inventories well can reduce the amount of unsold inventory and the costs associated with retaining it. Some businesses sell extra merchandise during yard sales and donate the earnings to a good cause. You will receive a tax write-off for doing this, which may result in you saving more cash than you would have by conducting a discount sale or negotiating with an inventory liquidator.
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lusk corporation produces and sells 15,100 units of product x each month. the selling price of product x is $21 per unit, and variable expenses are $15 per unit. a study has been made concerning whether product x should be discontinued. the study shows that $72,000 of the $101,000 in monthly fixed expenses charged to product x would not be avoidable even if the product was discontinued. if product x is discontinued, the monthly financial advantage (disadvantage) for the company of eliminating this product should be: group of answer choices ($61,600) ($39,400) $10,400 $39,400
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Based on the information provided, Lusk Corporation produces and sells 15,100 units of Product X each month at a selling price of $21 per unit. The variable expenses for each unit are $15. To determine the monthly financial advantage or disadvantage of discontinuing Product X, we need to consider the fixed expenses.
Therefore, if Product X is discontinued, the company would save $29,000 in fixed expenses ($101,000 - $72,000).
To calculate the monthly financial advantage or disadvantage, we need to subtract the total variable expenses and the remaining fixed expenses from the total revenue generated by selling 15,100 units of Product X. Total revenue = 15,100 units x $21 per unit = $317,100
Total variable expenses = 15,100 units x $15 per unit = $226,500
Remaining fixed expenses = $72,000
Monthly financial advantage or disadvantage = Total revenue - Total variable expenses - Remaining fixed expenses
= $317,100 - $226,500 - $72,000
= $18,600
Therefore, the monthly financial advantage (disadvantage) for the company of eliminating Product X is $18,600.The study shows that out of the $101,000 in monthly fixed expenses charged to Product X, $72,000 would still be incurred even if the product is discontinued.
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