Alan Moore is 70 years old and is planning for his retirement. He has accumulated portfoli investments of $200,000. They are yielding 8% interest. Mr. Moore also has $15,000 in a ban (savings account) earning 5% interest. He wishes to keep the savings account available fo: emergencies and use only interest payments from it. Mr. Moore's monthly living expenses are about $2,000 /month and he wishes to maintain this lifestyle by mainly using his portfolio investments. Mr. Moore will also receive $800 /month in pension payments (indexed for inflation) for the rest of his life. In other words, these payments are proportionally adjusted based on the consumer price index (CPI). Mr. Moore's is nervous about the potential future inflation increases, although it has been low recently (2%). Assume that Mr. Moore will live for 25 more years and will exhaust all his portfolio investments by the end of 25 years. Assume that the yield on his portfolio will remain fixed at 8% over the future 25 years. (a) Without accounting for any future inflation, will Mr. Moore be able to cover his living expenses with his income sources? Calculate the monetary difference between his annual income and annual expenses over the future 25 years. (b) Assume that the future (average) inflation rate over the following 25 years will be 5%. Will Mr. Moore be able to cover his living expenses with his income sources expressed in real terms? Calculate the monetary difference between his real annual income and annual expenses over the future 25 years. (40 MARKS) (c) is Mr. Moore in trouble to maintain his lifestyle? Please list any alternative investment options that may be available to Mr. Moore.
Answers
a) Without accounting for inflation, Mr. Moore will have a surplus of $1,600 per year to cover his living expenses. b) Accounting for a 5% inflation rate, Mr. Moore will have a real surplus of $190,288 over the next 25 years. c) Mr. Moore is not in trouble to maintain his lifestyle. Alternative investment options include diversifying his portfolio and considering annuities or retirement income products.
a) Without accounting for any future inflation, let's calculate Mr. Moore's income and expenses over the next 25 years.
Mr. Moore's monthly living expenses: $2,000
Annual living expenses: $2,000 * 12 = $24,000
Income sources:
- Portfolio investments: $200,000 * 0.08 = $16,000 per year
- Pension payments: $800 * 12 = $9,600 per year
Total annual income: $16,000 + $9,600 = $25,600
Monetary difference between income and expenses: $25,600 - $24,000 = $1,600
b) Now, let's consider the future inflation rate of 5% per year. We need to calculate Mr. Moore's real annual income and expenses by adjusting for inflation.
Real annual income = (1 + Yield on Portfolio - Inflation Rate) * (Portfolio Investments + Pension Payments)
= (1 + 0.08 - 0.05) * ($200,000 + $9,600)
= 1.03 * $209,600
= $215,488
Real annual expenses = (1 + Inflation Rate) * Annual Living Expenses
= (1 + 0.05) * $24,000
= $25,200
Monetary difference between real income and expenses: $215,488 - $25,200 = $190,288
c) Mr. Moore seems to be in a good position to cover his living expenses, even when accounting for inflation. The monetary difference between his real income and expenses over the next 25 years is positive, indicating that he will have excess funds.
Alternative investment options for Mr. Moore may include diversifying his portfolio by investing in a mix of stocks, bonds, or real estate. He could also consider annuities or other retirement income products that provide a guaranteed stream of income. Consulting with a financial advisor would be beneficial in exploring these options and developing a comprehensive retirement plan.
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Related Questions
What is unit pricing?
Answers
Answer:
Something
Explanation:
The mutual interdependence that characterizes oligopoly arises because: the products of various firms are homogeneous. the products of various firms are differentiated. a small number of firms produce a large proportion of industry output. the demand curves of firms are kinked at the prevailing price. If there are significant economies of scale in an industry, then: a firm that is large may be able to produce at a lower unit cost than can a small firm. a firm that is large will have to charge a higher price than will a small firm. entry to that industry will be easy. firms must differentiate their products to earn economic profits. Game theory can be used to demonstrate that oligopolists: rarely consider the potential reactions of rivals. experience economies of scale. that oligopolists can increase their profits through collusion. may be either homogeneous or differentiated.
Answers
Answer:
1. A small number of firms produce a large proportion of industry output.
2. A firm that is large may be able to produce at a lower unit cost than can a small firm.
3. That oligopolists can increase their profits through collusion.
Explanation:
An oligopoly can be defined as a market structure comprising of a small number of firms (sellers) offering identical or similar products, wherein none can limit the significant influence of others.
Hence, it is a market structure that is distinguished by several characteristics, one of which is either similar or identical products and dominance by few firms.
The characteristics of an oligopolistic market structure are;
I. Mutual interdependence between the firms.
II. Market control by many small firms.
III. Difficult entry to new firms.
Under the game theory, when firms makes a decision about their business, it is expected that they consider how the other firms would react to such decisions.
1. The mutual interdependence that characterizes oligopoly arises because a small number of firms produce a large proportion of industry output.
2. If there are significant economies of scale in an industry, then a firm that is large may be able to produce at a lower unit cost than can a small firm.
3. Game theory can be used to demonstrate that oligopolists can increase their profits through collusion.
The correct answers to the given statements are as follows: 1. The mutual interdependence that characterizes oligopoly arises, 2. A firm that is large may be able to produce at a lower unit cost than can a small firm, and 3. Game theory can be used to demonstrate that oligopolists may be either homogeneous or differentiated
Why are the assertions above?1. The mutual interdependence that characterizes oligopoly arises because: the demand curves of firms are kinked at the prevailing price. In an oligopoly, firms consider the potential reactions of their rivals when making decisions about pricing, production, or other strategic choices. The kinked demand curve model suggests that firms in an oligopoly face a demand curve that is elastic above the prevailing price and inelastic below it. This creates a situation where firms are interdependent, as a change in price or output by one firm can lead to reactions from other firms in the market.
2. If there are significant economies of scale in an industry, then: a firm that is large may be able to produce at a lower unit cost than can a small firm. Economies of scale refer to cost advantages that arise when the scale of production increases. When there are significant economies of scale, a larger firm can spread its fixed costs over a larger output, resulting in lower average costs per unit compared to a smaller firm. Therefore, a large firm may be able to produce at a lower unit cost than a small firm in such an industry.
3. Game theory can be used to demonstrate that oligopolists: may be either homogeneous or differentiated. Game theory is a mathematical framework used to analyze strategic interactions between decision-makers. In the context of oligopoly, game theory can be used to study how firms with interdependent decisions behave and make strategic choices. It can apply to both homogeneous oligopoly (where firms offer similar products) and differentiated oligopoly (where firms offer distinct products).
However, note that the statement "oligopolists can increase their profits through collusion" is missing from the given options. Collusion refers to an agreement among firms to coordinate their actions in order to maximize joint profits. While collusion is a potential strategy for oligopolistic firms to increase profits, it is not explicitly mentioned in the given choices.
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5. In relation to question 4, An opinion has been given by one of the managers to negotiate with the bank to defer the first loan payment until the end of year 4 and it would be paid in 7 equal installments at 5% interest. If the bank wishes to earn the same profit, what should be the annual payment? solve the problem showing cash flow, and final answer using a suitable formula. ( 10 POINTS)
Answers
If the bank agrees to the manager's proposal, the loan will be paid off in 7 equal installments of $43,470.41 at 5% interest.
An opinion has been given by one of the managers to negotiate with the bank to defer the first loan payment until the end of year 4, and it would be paid in 7 equal installments at 5% interest. At the end of year 4, the first loan payment will be deferred. Therefore, the cash flow will be:
Year 1-4: $20,000 × 4 = $80,000
Year 5-11: $43,470.41 × 7 = $304,292.87
Total cash flow = $80,000 + $304,292.87 = $384,292.87
To calculate the annual payment, we can use the formula for the present value of an annuity:
Present value of an annuity = Payment x (1 - (1 + r)-n) / r
Where:r = 5% = 0.05n = 7
Using these values, we can calculate the payment:
Present value of an annuity = Payment x (1 - (1 + 0.05)-7) / 0.05
Present value of an annuity = Payment x 4.07920796
Payment = $384,292.87 / 4.07920796Payment = $94,070.82 per year
To earn the same profit, the bank should charge an annual payment of $94,070.82. However, the manager proposed a plan that would spread the payment over 7 years, so we need to calculate the present value of this plan using the same formula:
Present value of an annuity = Payment x (1 - (1 + r)-n) / r
Where:r = 5% = 0.05n = 7
Using these values, we can calculate the present value:
Present value of an annuity = $94,070.82 x (1 - (1 + 0.05)-7) / 0.05
Present value of an annuity = $430,210.11
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careers with adverse working conditions often demand higher wages. Adverse working conditions might include
irregular work schedule
decision making
uncomfortable environment
required experience
Answers
Answer:
uncomfortable environment
Explanation:
Adverse working conditions create challenges for employees as they execute their mandate. These conditions may result from extreme weather, either very hot such, extremely cold, floods, snow, or windy. Adverse conditions could also refer to security concerns in place of work.
Political unrest, high crime rate, and civil wars create adverse conditions. The nature of work can also make working a challenge. Miners working many feet underground or soldiers on a battlefield are examples of challenges due to work.
Answer:
C) uncomfortable environment
Explanation:
John works as a website designer and for a fee will perform tasks that help clients create or redesign their websites. In other words, John is providing what for each client?
A) a deficit
B) an export
C) an import
D) a service
Answers
Stephen owns a chemical plant. He is glad that his primary stakeholders are satisfied with the company’s growth. However, he is concerned about pleasing the secondary stakeholders. How can he ensure the welfare of secondary stakeholders?
Answers
By employing a manufacturing procedure that complies with all applicable state and federal regulations, Stephen is able to guarantee the well-being of the secondary stakeholders.
Who is referred to as a secondary stakeholder?Secondary stakeholders are typically external parties (such as the general public, communities, activist groups, business support groups, and the media) who, despite not being directly involved in the financial operations of the company, nevertheless have an effect on those decisions or have the potential to do so.
Stephen ought to employ a manufacturing procedure that complies with all applicable laws at the local, state, and federal levels if he wishes to ensure that secondary stakeholders are treated well.
As a result, Stephen can use a manufacturing procedure that complies with all state and federal regulations to ensure the well-being of the secondary stakeholders.
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tori is a freelance photographer and her net earnings were $80,000. calculate tori’s payroll taxes if she was a full time employee
Answers
Tori’s payroll taxes if she was a full time employee of the company will be $11304.
How to compute the tax?From the given information, the net income is $80000, tax rate is 15.3% for social security and Medicare.
Therefore, the tax paid by Tori will be:
= 15.3% × $73880
= $11304
In conclusion, the tax will be $11304
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5. Suppose that Simone has preferences that are represented by the utility function U(x,y)=xy, and she has an income I=80. (a) Suppose that px=2 and py=1. What is Simone's MRSxy ? What is her optimal bundle? (b) Suppose now that Simone is subject to rationing. What is her optimal bundle when the maximum amount of x she can purch ase is 30 ? When it's 20 ? When it's 10?
Answers
(a) Simone's optimal bundle is x = 20 and y = 40.
(b) Her optimal bundle is x = 30 and y = 20 when the maximum amount of x she can purchase is 30.
Her optimal bundle is x = 20 and y = 40 when the maximum amount of x she can purchase is 20.
Her optimal bundle is x = 10 and y = 60 when the maximum amount of x she can purchase is 10.
(a) The marginal rate of substitution (MRSxy) represents the rate at which Simone is willing to trade one good (x) for another (y) while maintaining the same level of utility. It is equal to the ratio of the marginal utility of x (MUx) to the marginal utility of y (MUy):
MRSxy = MUx / MUy
To find the MRSxy, we need to calculate the partial derivatives of the utility function:
MUx = ∂U/∂x = y
MUy = ∂U/∂y = x
Now we can calculate the MRSxy:
MRSxy = MUx / MUy = y / x
Given that px = 2 and py = 1, we can find the optimal bundle by setting the budget constraint equal to the utility function:
px * x + py * y = I
2x + y = 80
We can solve this equation for y:
y = 80 - 2x
Substituting this value of y into the MRSxy equation, we get:
MRSxy = (80 - 2x) / x
To find the optimal bundle, we equate the MRSxy to the price ratio:
MRSxy = px / py
(80 - 2x) / x = 2 / 1
80 - 2x = 2x
4x = 80
x = 20
Now we can substitute the value of x back into the budget constraint to find y:
2 * 20 + y = 80
40 + y = 80
y = 40
Therefore, Simone's optimal bundle is x = 20 and y = 40.
(b) When Simone is subject to rationing and can purchase a maximum amount of x, we need to find the point on her budget constraint that lies on the line x = maximum allowed quantity.
Let's consider the different scenarios:
When the maximum amount of x she can purchase is 30:
Substituting x = 30 into the budget constraint: 2 * 30 + y = 80
y = 80 - 60
y = 20
Her optimal bundle is x = 30 and y = 20.
When the maximum amount of x she can purchase is 20:
Substituting x = 20 into the budget constraint: 2 * 20 + y = 80
y = 80 - 40
y = 40
Her optimal bundle is x = 20 and y = 40.
When the maximum amount of x she can purchase is 10:
Substituting x = 10 into the budget constraint: 2 * 10 + y = 80
y = 80 - 20
y = 60
Her optimal bundle is x = 10 and y = 60.
In each scenario, the optimal bundle is determined by the intersection of the budget constraint with the line x = maximum allowed quantity.
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Introduce professions related to public service with examples.
Answers
Answer:
Social worker
Explanation:
Social workers are people who work with family & communities to help people solve and manage problems in their everyday lives.
Hope this helped!
___ requrements are courses that build knowledge and skills in a specific field.
A. major
B. general studies
C. specialization
D. elective
Answers
D. elective requrement are courses that build knowledge and skills in a specific field
which banking act removed interest rate ceilings on deposits? group of answer choices garn-st germain act glass-steagall act mcfadden act didmca
Answers
The DIDMCA banking act removed interest rate ceilings on deposits. Option d is answer.
The Depository Institutions Deregulation and Monetary Control Act (DIDMCA) removed interest rate ceilings on deposits. Prior to the passage of DIDMCA in 1980, Regulation Q, a federal law, established interest rate ceilings on deposits that limited the amount of interest banks could pay on deposits. DIDMCA was enacted to remove these restrictions and promote competition in the banking industry.
The act also allowed savings and loans to make commercial and consumer loans and raised the insurance limit on deposits in federally insured banks from $40,000 to $100,000 per account. DIDMCA helped pave the way for further deregulation of the banking industry, including the repeal of the Glass-Steagall Act in 1999, which allowed commercial and investment banking to merge.
Option d is answer.
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**ECONOMY**
Taxation that allows higher-income people to pay less of their income on taxes than lower-income people is called:
A. regressive taxation
B. progressive taxation
C. proportional taxation
D. indirect taxation
Answers
Answer:a
Explanation:
Write a sentence with a word Inflation rate:
Answers
Hello, A sentence using the word "Inflation rate" is:-
The inflation rate is levelling up in the case of petrol.
Hope it helps you...
Answered by Benjemin ☺️
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If you have an offer that’s targeted towards your leads in your database and wouldn’t provide as much value to your customers, what could you segment by to send only to your leads? answered
Answers
Answer:
Lifecycle stage
Explanation:
Lifecycle stage is a term often used marketing, to describe a strategy or technique prohibiting actual and potential sales leads from declining through the cracks. It can also be utilized to document changing prices through different levels so activity within various levels can be effectively optimized.
Hence, in this situation, one could segment by LIFECYCLE STAGE to send only to leads.
If making your family and friends a priority is important to you, you value
O responsibility
O compassion
O relationships
O none of the above
Answers
Answer:
Relationships.
Explanation:
We maintain ourselves worth by trying to please excel meditate and even control or change ourselves to be closer to the people we love most.
how can we control the quality in the tourism industry?
Answers
Answer:
Avoid mainstream and/or iconic destinations. ...
Make “second city” tourism a habit. ...
Highlight lesser known places. ...
Travel as slowly as possible. ...
Travel in smaller groups. ...
Make sure people in your photos have given consent.
__________is the name for the doctrine that holds that the manufacturer of a product has legal responsibilities to compensate the user of that product for injuries suffered because the product's defective condition made it unreasonably dangerous, even though the manufacturer has not been negligent in permitting that defect to occur.
Answers
Answer:
Product liability
How does a repo differ from a fed funds transaction? how do their rates compare?
Answers
A repo is basically a collateralized loan, whereas Fed funds are uncollateralized
What is collateralized loan?Collateralized loan obligations are a type of securitization in which payments from many small and big business loans are pooled and distributed to different classes of owners in different tranches. A collateralized debt obligation (CLO) is a type of debt obligation.
The use of a valuable item as collateral to obtain a loan is known as collateralization. If the borrower fails to repay the debt, the lender may seize and sell the asset to make up the difference. Asset collateralization offers lenders with some protection against default risk.
Collateral is a valuable object used to secure a loan. Lenders' risk is reduced by collateral. If a borrower fails on a loan, the lender can seize and sell the collateral to recuperate its losses.
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What are total purchase and oversight costs if annual demand of a product in a company is 1,000,000 units, and the purchase price is $2.42 per unit, and the management oversight costs to monitor and expedite the trans-Pacific shipment are $0.16 per unit? 1. Procurement costs = 2. Management oversight cost = 3. Total Cost = CASE #2 What is the pipeline inventory value if average daily demand is 82 units, the lead time is 20 days, and annual inventory carrying costs is $12? Pipeline inventory cost = Case #3 What are order cycle costs if annual demand is 8,000 units, with the following order quantities and annual order cost is $97? a. Order quantity of 1,000 = b. Order quantity of 500 = C. Order qty of 8,000 =
Answers
The order cycle costs are $12.125, $6.0625, and $97 for Order quantities of 1,000, 500, and 8,000, respectively.
Case #1For the given data, the annual demand of a product is 1,000,000 units, and the purchase price is $2.42 per unit. Procurement costs are calculated by multiplying the purchase price per unit by annual demand.P = $2.42D = 1,000,000Total Procurement costs = P x D = $2.42 x 1,000,000 = $2,420,000Management oversight cost for each unit is $0.16. Total Management oversight cost is calculated by multiplying the management oversight cost per unit by annual demand.C = $0.16D = 1,000,000Total Management Oversight Cost = C x D = $0.16 x 1,000,000 = $160,000Total costs can be calculated by adding Procurement costs and Management Oversight cost. Total Costs = $2,420,000 + $160,000 = $2,580,000
Therefore, the total purchase and oversight costs of a product will be $2,580,000. Case #2Pipeline inventory cost is the carrying cost of the inventory which is in transit during the lead time. It can be calculated by multiplying average daily demand by lead time in days and annual inventory carrying cost per unit. Pipeline Inventory cost = Average Daily Demand × Lead Time × Annual Inventory Carrying Cost/Pipeline Inventory cost = 82 units × 20 days × $12/365Pipeline Inventory cost = $540.27Therefore, the pipeline inventory value is $540.27. 150 words. Case #3Order cycle cost is the cost of placing an order.
The annual order cost is $97 for 8,000 units. The total number of orders for the Order quantity of 1,000 is: Total number of orders = Demand/Order quantity = 8,000/1,000 = 8The order cycle cost for Order quantity of 1,000 is: Order cycle cost = Annual order cost/Total number of orders = $97/8 = $12.125The total number of orders for the Order quantity of 500 is: Total number of orders = Demand/Order quantity = 8,000/500 = 16The order cycle cost for Order quantity of 500 is: Order cycle cost = Annual order cost/Total number of orders = $97/16 = $6.0625. The total number of orders for the Order quantity of 8,000 is: Total number of orders = Demand/Order quantity = 8,000/8,000 = 1The order cycle cost for Order quantity of 8,000 is: Order cycle cost = Annual order cost/Total number of orders = $97/1 = $97Therefore, the order cycle costs are $12.125, $6.0625, and $97 for Order quantities of 1,000, 500, and 8,000, respectively.
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Enter your gross pay, taxes, and deductions below. Press calculate when you’re ready.
Answers
Answer:
what are we supposed to be answering
What modification options are available in Design view of a report? Check all that apply.
align fields
o change text color
change the header title
create a query from scratch
o rename the underlying table
change the background color
Answers
Answer:
A,B,C,F
Explanation:
Modification options are available in Design view of a report are -
a. Align fields
b. Change text color
c. Change the header title
e. Rename the underlying table
f. Change the background color
What is modification?Modification is the action of modifying something.
What is a design?Design is a plan or drawing produced to show the look and function or workings of a building, garment, or other object before it is made.
What is a report?A report is a document that presents information in an organized format for a specific audience and purpose.
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May you help me with this business question I and very struggling
Answers
Answer:
availability of direct deposit
Blaine Company had these transactions pertaining to stock investments: Feb. 1 Purchased 2,000 shares of Horton Company (10%) for $51,000 cash. June 1 Received cash dividends of $3 per share on Horton stock. Oct. 1 Sold 1,200 shares of Horton stock for $32,400. The entry to record the receipt of the dividends on June 1 would include a
Answers
The entry to record the receipt of dividends on June 1 would include a debit to dividend income account and a credit to cash account.
The Blaine Company’s transactions regarding stock investments are as follows:
February 1: The Blaine Company bought 2,000 shares of Horton Company (10%) for $51,000 cash.
June 1: The Blaine Company received cash dividends of $3 per share on Horton stock.
October 1: The Blaine Company sold 1,200 shares of Horton stock for $32,400.
The entry to record the receipt of dividends on June 1 would include:
For Blaine Company, cash dividends received on June 1 are recorded as income and are debited as cash account and credited as dividend income account.
The entry to record the receipt of dividends on June 1 would include:
June 1 Dividend Income 6,000Cash 6,000
The entry debits the cash account for $6,000 and credits the dividend income account for $6,000.
Thus, the journal entry would include a debit to dividend income account and a credit to cash account.
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Design Math Quiz
QUESTION 1 of 10: To get your design manufactured, you need to pay $4,000 in setup costs and $5 per item. Which of the following
represents the cost of having 1,000 items made?
a) 5+4,000 x 1,000
b) 4,000 + 5 x 1,000
c) 4,005
d) 5x1,000
Answers
Answer:
b) 4,000 + 5 x 1,000
Explanation:
The cost of 1000 items will be the total of
1). the set up cost
2). The per item cost multiplied by 1000 units
Therefore, the cost function will
=set up cost($4000 ) + cost of 1000 items( $5 x 1000)
=$4000 + $5 x 1000
1 WHICH OF THE FOLLOWING PRODUCT IS LIKELY TO BE MADE USING BATCH PRODUCTION?
A MOBILE PHONE
B TOLIET PAPER
C PETROL
D CLOTHES
2 DENTAL TREATMENT IS PROVIDED USING WHICH FORM OF PRODUCTION ?
A FLOW PRODUCTION
B BATCH PRODUCTION
C JOB PRODUCTION
D CAPITAL INTENSIVE PRODUCTION
3 WHICH OF THE FOLLOWING IS AN ADVANTAGE OF JOB PRODUCTION RELATIVE TO OTHER PRODUCTION METHOD ?
A UNIT COST WILL BE LOWER
B PRODUCTION SPEEDS ARE FASTER
C WORKERS MAY BE BETTER MOTIVATED
D FEWER RESOURCES ARE NEEDED
Answers
Answer:i THINK num one is C
i THINK num two is B
i THINK num three is D but im not as confedent as the other two.
Explanation:
If stockholders were upset that Eric Yuan allowed security problems to surface because he was focused on other things, the situation could be considered an example of: the principal-agent problem. adverse selection outside directors o imperative of succession board independence.
Answers
If stockholders were upset that Eric Yuan allowed security problems to surface because he was focused on other things, the situation could be considered an example of the principal-agent problem. The correct option is the principal-agent problem.
This problem arises when the interests of the shareholders, who are the principals, and the management, who are the agents, do not align. In this case, Eric Yuan, the CEO, was focused on other things, leading to security problems that upset the shareholders. This highlights the issue of agency costs, where the actions of the agent may not always benefit the principals.
Additionally, the situation may also be linked to the imperative of succession. The board of directors has the responsibility of selecting a competent CEO who can lead the company in the right direction. If the CEO fails to fulfill their responsibilities, the board must take action to ensure that the company's operations are not negatively impacted.
Furthermore, having outside directors and board independence can also help to mitigate the principal-agent problem by providing an objective perspective and holding the management accountable for their actions. The correct option is the principal-agent problem.
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Explain the services offered by wholesalers to manufacturers
Answers
Answer:
advertising :the wholesaler helps out in carrying out product advertising and sales promotion s and by so doing creating awareness for the product
risk bearing :the wholesaler takes charge of the goods thereby accepting responsibility for losses sufferedin the course of distribution
and we have financing,warehousing and bulk breaking
(d) Explain how the sampling methods four non-probability sampling methods:
Quota Sampling, Judgmental Sampling, Snowball Sampling, and Convenience Sampling
may be used in business administration.
You are expected to make use of short real-life examples to support your answer with appropriate referencing.
Answers
Non-probability sampling techniques are essential for data collection when population-based selection is not possible. Four of these techniques, include Quota Sampling, Judgmental Sampling, Snowball Sampling, and Convenience Sampling
Sampling is a critical tool that is widely used in business administration. Non-probability sampling techniques, on the other hand, are essential for data collection when population-based selection is not possible. Four of these techniques, including Quota Sampling, Judgmental Sampling, Snowball Sampling, and Convenience Sampling, are discussed below.
Quota Sampling: Quota sampling is a non-probability sampling technique that is widely used in market research. This method requires the population to be divided into segments or strata based on different demographic criteria, such as age, sex, and race. In this technique, the researcher defines the sample size for each stratum. For instance, if we want to survey customers for a product, we can divide them into segments like age, gender, and income and take an equal number of samples from each group. It helps to ensure that the sample is representative of the population.
Judgmental Sampling: Judgmental sampling is a non-probability sampling technique that is used when the researcher has a wealth of knowledge about the study population. The researcher uses his or her judgment to identify specific individuals or groups that are likely to have the necessary information. For example, if we want to study the work habits of employees in a company, we can use the supervisor's judgment to select employees who are most likely to provide accurate and relevant information.
Snowball Sampling: Snowball sampling is a non-probability sampling technique used in situations where the population is difficult to reach or identify. It is usually used for research on hard-to-reach populations such as drug users, prostitutes, and undocumented immigrants. In snowball sampling, the researcher starts with one participant and then asks that person to identify other participants who can also participate in the study. It helps to expand the sample size and can often yield a more representative sample.
Convenience Sampling: Convenience sampling is a non-probability sampling technique that is often used in research when the researcher selects participants based on convenience or proximity. It is used when the population is readily available and easy to access. For example, if we want to study the shopping habits of a particular group, we can go to a shopping mall and survey the first 100 people who pass by. It is a quick and easy way to gather data that can provide insights into the research question.
Non-profitability in Sampling Methods: Most of the non-probability sampling methods are less reliable than probability sampling methods. Non-probability sampling methods have a high risk of bias. For example, in quota sampling, the researcher can over-represent a particular group if he or she has some bias. Similarly, in judgmental sampling, the researcher can choose the sample that confirms his or her hypothesis. Therefore, researchers should use non-probability sampling methods with caution and understand their limitations while conducting the research.
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regarding earnest money deposits, a broker a) must report to the irs the receipt of more than $5,000 in cash. b) must deposit the funds within one business day after receipt. c) may not accept a postdated check under any circumstances, because such instruments are illegal in florida. d) is not responsible if the check fails to clear, provided the broker deposited the check within three business days.
Answers
Earnest money refers to the deposit paid by a buyer to a seller, reflecting the good faith of a buyer in purchasing a home.
When must a broker deposit earnest money?In our market, the escrow business must receive the earnest money deposit three days after the offer is accepted. Although the earnest money deposit could potentially be held by the broker, most brokerages work to keep client money separate from their own. A sort of deposit given by homebuyers to sellers is known as an earnest money deposit, or EMD. EMD is paid by buyers to sellers of real estate and other public and private projects. It is typically a little sum given to the seller as a sign of interest in purchasing real estate. Neither party may hold the earnest money deposit in a dishonest manner. This means that the deposit should be released as soon as feasible in the absence of a legitimate, reasonable demand.To learn more about broker deposit refer to:
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Which factor plays the biggest role in motivating economic decisions in a
market economy?
O A. Corruption in the leadership of powerful groups
O B. Commitment to maintaining a traditional lifestyle
O C. Competition between different businesses
D. Cooperation between governments and citizens
Answers
Cooperation between governments and citizens: plays the biggest role in motivating economic decisions in a market economy. Thus, option D is the correct option.
What Is a Market Economy?A market economy is a kind of capitalism in which a nation's companies and residents interact to determine economic policy and the cost of products and services. Although there may be some central planning or government interference, this phrase often denotes a more generally market-oriented economy.
The majority of economic decisions in a market economy are made through voluntary transactions that follow the rules of supply and demand. In a market economy, entrepreneurs are free to pursue profit by producing outputs that are worth more than the inputs they use, or, if they choose not to, to fail and close their doors. The forces of supply and demand are used in market economies to set the right prices and quantities for the majority of products and services.
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