Business communication helps to establish, build and maintain our relationship with our audience.
Business communication is the act of sharing information and messages between those that work in a business and the public.
Effective communication in the business place is very necessary because it helps to foster a better relationship in the work place.
It helps the organization also to meet with its goals and improve the business as well as the reduction of errors.
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employees may resist a change initiative for all of these reasons, except... loss of status their past success fear of failure peer pressure their open-minded personality
Employees may resist a change initiative for all of the following reasons except their open-minded personality. This is because having an open-minded personality is a positive attribute that makes it easy for individuals to adapt to change and be open to new ideas.
What is a change initiative?A change initiative is a structured approach to introduce new methods or systems of work, and to alter the culture of an organization. A change initiative might be launched due to various reasons, including technological advancement, a change in the market, or the introduction of new industry regulations. Employees may resist a change initiative for a variety of reasons, including loss of status, fear of failure, and peer pressure.
The following are some of the most common reasons why employees may resist change:
1. Loss of status: Employees who have established themselves in a particular role or position may resist a change initiative that jeopardizes their position.
2. Fear of failure: Employees who are unfamiliar with a new approach or system may resist it because they are concerned that they will fail to adapt.
3. Peer pressure: Employees who are influenced by their peers may resist a change initiative if the majority of their colleagues are opposed to it.
4. Their open-minded personality: Having an open-minded personality is a positive attribute that makes it easy for individuals to adapt to change and be open to new ideas. Therefore, employees who possess this attribute are unlikely to resist a change initiative.
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what is tourism ? Give some examples of the profession related to atourism
Explanation:
Tourism is travel for pleasure or business; also the theory and practice of touring, the business of attracting, accommodating, and entertaining tourists, and the business of operating tours.
Profession telated to tourism
1) Travel Agent. Travel Agents research, plan, and book trips for individuals and groups. ...
2) Hotel Manager. ...
3) Spa Manager. ...
4) Tour Operator. ...
5) Event & Conference Organiser. ...
6) Tour Guide. ...
7) Executive Chef. ...
8) Sommelier.
MARK AS BRAINLIST IF IT IS USEFUL
Answer:
Tourism comprises the activities of persons travelling to and staying in places outside their usual environment.
Examples of professions that are related to tourism are: Travel agent, hotel manager, SPA Manager, tour operator, tour guide, etc.
1. Consider the following cash flow payments: An income of $2000 at the end of year 2 , an income of $5000 at the end of year 4 , an expense of $3000 at the end of year 8 , and a final income of $4000 at the end of year 10. (a) Draw the cash flow diagram for the cash flow payments. (b) Write an expression: what is the present equivalent value of these payments over the 10 -year period assuming an interest rate of 10% per year. Just write down the expression like "e.g. P=1,000(P/F,4%,10)+ 2,500(P/A,4%,5)−4,000". You don't need to calculate the final numerical answer. (Hint: you can write out the present equivalent value for each cash flow, and then sum them up.)
The cash flow diagram for the cash flow payments can be drawn as follows:(b) To find out the present equivalent value of the given payments, let us first find out the present value of each cash flow separately. Present value of $2000 at the end of year 2 = $2000/(1+0.1)² = $1652.89.
Present value of $5000 at the end of year 4 = $5000/(1+0.1)⁴ = $3409.96Present value of $3000 at the end of year 8 = $3000/(1+0.1)⁸ = $1111.10Present value of $4000 at the end of year 10 = $4000/(1+0.1)¹⁰ = $1483.16.
Therefore, the present equivalent value of these payments over the 10-year period can be given as:P = $1652.89 + $3409.96 + $1111.10 + $1483.16P = $7657.11. Thus, the present equivalent value of these payments over the 10-year period assuming an interest rate of 10% per year is $7657.11.
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What is the interest on a $4,500 note payable that is due in 3 months with a rate of 9%?
The interest on $4,500 note payable that is due in 3 months with rate of 9% is $101.25.
What is note payable?A note payable refers to a written agreement between a borrower and a lender that outlines the terms of a loan. It is a promise to pay back the borrowed amount along with any interest or fees within a specified time period. Note payable is a type of liability for the borrower, and it appears on the balance sheet as a current or long-term liability, depending on the repayment period. The repayment terms can vary, including interest-only payments, equal payments, or a lump-sum payment at maturity. Note payable is commonly used for short-term loans, such as bank loans, or for long-term loans, such as mortgages. It is important to carefully review and understand the terms of the note payable before agreeing to it, as failure to meet the repayment terms can result in serious consequences.
Principal = $4,500
Rate = 9% (or 0.09 as decimal)
Time = 3/12 (or 0.25 as decimal, since 3 months is quarter of year)
Interest = Principal x Rate x Time
Interest = $4,500 x 0.09 x 0.25
Interest = $101.25
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A record of income and expenditures for a given period of time is called a/an:
Interest
Budget
Credit
Investment
A record of income and expenditures for a given period of time is called a BUDGET.
10)
How might a mission statement help Donna with her new
business?
A mission statement can help Donna with her new business by providing clarity and direction for her venture. It serves as a guiding statement that outlines the purpose, values, and goals of the business.
It helps Donna align her decisions, actions, and strategies with the overall mission, facilitating focus and consistency in her business operations. A mission statement is a concise statement that articulates the purpose and core values of a business. It outlines what the business aims to achieve and how it intends to operate. For Donna, having a mission statement for her new business can provide several benefits.
Firstly, it helps Donna define the purpose and direction of her business. It clarifies the reason for starting the business and what it aims to accomplish, providing a sense of focus and clarity.
Secondly, a mission statement helps Donna communicate her business's values and principles to stakeholders, including employees, customers, and investors. It sets the foundation for building a strong company culture and aligning everyone's efforts toward a common goal.
Lastly, a mission statement can serve as a guide for decision-making and strategy development. When faced with choices or challenges, Donna can refer to her mission statement to ensure that her actions align with the overall purpose and values of her business.
A mission statement plays a crucial role in helping Donna with her new business by providing clarity, guiding decision-making, and aligning stakeholders toward a common vision.
In conclusion, a mission statement can significantly benefit Donna in her new business. It provides clarity and direction, communicates values to stakeholders, and guides decision-making and strategy development. By establishing a mission statement, Donna can effectively define her business's purpose and goals, foster a strong company culture, and make informed decisions that align with her business's overall mission. This helps create a solid foundation for success and growth in her new venture.
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can someone tell me what car u like bc i need inspo, like a V6 or something
Answer:
My personal favs are the Ford GT 2017, the Lamborghini Veneno, the Aston Martin Vulcan, and the Koenigsegg Jesko.
Fill in the table for a perfectly competitive firm
The table for a perfectly competitive firm is given below:
How to solveWorking notes:
(1) Fixed cost is TC when Q (output) = 0, so FC = TC(Q = 0) = 100
(2) VC = TC - FC [TC = VC + FC]
(3) AVC = VC / Q [VC = Q x AVC]
(4) AFC = FC / Q = 100 / Q
(5) ATC = TC / Q [TC = ATC x Q] = AFC + AVC
(6) MC = Change in TC / Change in Q
(7) TR = P x Q = 50 x Q
(8) Profit = TR - TC
Therefore:
Q VC TC = VC + 100 AVC AFC = 100/Q ATC MC P TR Profit
0 0.0 100.0 50.0 0.0 -100.0
1 25.0 125.0 25.0 100.0 125.0 25.0 50.0 50.0 -75.0
2 45.0 145.0 22.5 50.0 72.5 20.0 50.0 100.0 -45.0
3 59.9 159.9 20.0 33.3 53.3 14.9 50.0 150.0 -9.9
4 70.0 170.0 17.5 25.0 42.5 10.1 50.0 200.0 30.0
5 90.0 190.0 18.0 20.0 38.0 20.0 50.0 250.0 60.0
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you place an order for abc corp. stock, knowing the price will be somewhere between the bid price and the ask price. which type of order are you placing?
If you place an order for abc corp. stock, knowing the price will be somewhere between the bid price and the ask price it is the limit order.
What is the limit order?The type of order you are placing is called a limit order. A limit order is an order to buy or sell a security at a specified price or better. In this case, you are specifying a price range between the bid price (the highest price a buyer is willing to pay for a security) and the ask price (the lowest price a seller is willing to accept for a security), which means you are setting a limit on the price you are willing to pay for the stock.
When the stock price falls within that range, the order will be executed. If the stock price doesn't reach your specified price range, the order will not be executed.
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Demarco and Tanya have received information about three separate mortgage offers. In two or three paragraphs, describe your recommendation for the best financial choice in their situation.
Answer: first one
As for Mortgage Option 3, not only is the interest rate higher (4.0%), but the remaining balance that is not paid has to be paid off completely in 8 years. After the down payment, they would have a $1,605 monthly payment which includes the fixed interest rate of 4.25% as well. Due to the short payment time, a borrower has a risk of loosing their home and equity if the final payment is not able to be made. Mortgage Option 2 has the lowest interest rate (3.5%) but these rates could be adjusted annually. Even though the interest rate is the highest, they would be able to afford it. Not only are they able to make these payments, Tanya and Demarco would also have. approximately $3,395 left to spend from their monthly earnings too.
Explanation:
credit to mohammedalm2
Which term describes the type and number of competitors' job openings when looking at supply and demand within HR?
Answer:
External labor demand
Explanation:
Human resources management (HRM) can be defined as an art of managing, controlling and improving the number of people (employees or workers), functions, activities which are being used effectively and efficiently by an organization.
Hence, human resources managers are saddled with the responsibility of recruiting, managing and improving the welfare and working conditions of the employees working in an organization.
External labor demand is the term which best describes the type and number of competitors' job openings when looking at supply and demand within human resources (HR).
Basically, an external labor demand gives a description of the number and type of employees that are required by a rival company in the same industry.
Imagine you are a training and development specialist.
You are tasked with creating a training workshop about strong meeting facilitation. Create an outline for this workshop.
Include:
Medium: Is your training in-person, webinar, online, or some other method? Objectives: What are your intended outcomes?
Outline: What information topics will you deliver on? What activities will you ask the people in the training to do, individually and in groups? How will the content be organized?
Deliverables: What will you have attendees produce or accomplish by the end of the training to show that they have absorbed the information?
Evaluation: What can you do at the end to measure participants' feelings about the training?
The goal of training session is to provide attendees with knowledge, skills, and understanding that they can apply in their work or personal lives.
What is training?Training is the process of teaching or learning a particular skill, knowledge, or behavior through practice and instruction. In the context of machine learning, training refers to the process of teaching a computer algorithm to recognize patterns and make predictions based on input data. During training, the algorithm is fed a large amount of data, along with the correct outputs, and it adjusts its parameters to minimize the difference between the predicted output and the actual output. This process is repeated over many iterations until the algorithm can accurately make predictions on new, unseen data. Training is a crucial step in developing effective machine learning models and is essential for a wide range of applications, from image recognition and natural language processing to self-driving cars and fraud detection.
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The smaller the GDP, the larger the economy.
Answer:
Real gross domestic product is an inflation-adjusted measure
price levels and provides a more accurate figure of economic growth
This means that if inflation is positive, real GDP will be lower than nominal, and vice versa
You have an investment project with the following expected cash flows. Right now, it will cost you $ 130,000. You will net $ 20,000 in the first year, $ 40,000 in the second year, $ 50,000 in the third year, $ 50,000 in the fourth year, and $ 40,000 in the fifth year which is also the last year of the project. Your WACC is 11.5% and your pre tax cost of debt is 13%. The discounted pay back for this project is: _________
a. 3.40 years
b. 3.50 years
C. 3.90 years
d. 4.49 years
The discounted payback period for this project is 3.90 years.
How to solveTo calculate the discounted payback period, we need to discount the future cash flows using the WACC. The discounted cash flows are as follows:
Year Discounted Cash Flow
1 $16,957
2 $28,446
3 $37,044
4 $37,044
5 $28,446
The cumulative discounted cash flows are as follows:
Year Cumulative Discounted Cash Flow
1 $16,957
2 $45,393
3 $82,437
4 $119,481
5 $147,927
The discounted payback period is the number of years it takes for the cumulative discounted cash flows to equal the initial investment. In this case, the discounted payback period is 3.90 years.
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1. You are enployed as a sales associate in a clothing store that has a frequent shopper
reward program For example, for every $100 spent, customers eam 10 points. When
they reach 1000 points they eam a $10 reward certificate. A friend who is not registered
in the frequent shopper reward program wants you to accept a $25 off certificate as
payment for a shirt. The prograny's guidelines state that points are not transferable and
they can only be used by a member. What will you do?
Answer:
dwddddd
Explanation:
If the average value of the function f on the interval 2 < X < 6 is 3, what is the value of $,° (55(2) + 2) de ?
17
23
62
68
The average value of a function on an interval is given by the formula:
average value = (1/(b-a)) * integral from a to b of f(x) dx
In this case, the interval is 2 < x < 6 and the average value is 3. Therefore:
3 = (1/(6-2)) * integral from 2 to 6 of f(x) dx
Simplifying, we get:
12 = integral from 2 to 6 of f(x) dx
We are then asked to evaluate the expression $,° (55(2) + 2) de, which is a bit confusing since it is not clear what the $,° symbol means. Assuming it is just a placeholder for a number, we can evaluate the expression:
$,° (55(2) + 2) de = $,° (112) de
Without further information, it is impossible to determine the numerical value of this expression. Therefore, none of the answer choices provided (17, 23, 62, 68) can be correct.
If the average value of the function f on the interval 2 < X < 6 is 3, we can use the formula for the average value of a function to find the value of the integral.
The formula for the average value of a function f(x) on the interval [a, b] is:
Average value = (1/(b-a)) * ∫[a, b] f(x) dx
In this case, the average value is given as 3, and the interval is 2 < X < 6, so a = 2 and b = 6.
3 = (1/(6-2)) * ∫[2, 6] f(x) dx
To find the value of the integral, we can rearrange the equation:
3 * (6-2) = ∫[2, 6] f(x) dx
3 * 4 = ∫[2, 6] f(x) dx
Now, we can calculate the integral value:
12 = ∫[2, 6] f(x) dx
However, the given options (17, 23, 62, 68) do not match the calculated value of 12. It's possible that there is a typo in the question or the given options. Please double-check the question and options to ensure accuracy.
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when business owners look at leading economic indicators, they generally are doing this to help predict what will happen over the following___
three to nine weeks
there to six years
six to nine months
three to six months
T/F. business products tend to move through longer marketing channels than consumer products.
True. Business products, also known as B2B (business-to-business) products, generally move through longer marketing channels compared to consumer products (B2C or business-to-consumer products).
The marketing channels refer to the intermediaries involved in bringing a product from the producer to the end consumer. In B2B marketing, the products are often specialized and require more customization or technical expertise. As a result, the marketing channels for these products involve multiple intermediaries, such as wholesalers, agents, brokers, and industrial distributors. These intermediaries help in tailoring the product to suit the specific needs of individual businesses, facilitating transactions, and providing technical support. On the other hand, consumer products are designed for mass consumption and are usually less complex in nature. Consequently, the marketing channels for these products tend to be shorter and more direct. Common intermediaries for consumer products include retailers and wholesalers, who focus on efficiently delivering products to a large number of end consumers. In summary, business products usually move through longer marketing channels than consumer products due to the increased complexity and customization requirements of B2B transactions.
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why-do-people-buy--drive-plans-when-they-can-create-unlimited-new-accounts-and-get-free-storage
Answer:
Some people may prefer to purchase a cloud storage service or drive plan for the convenience of having a centralized location to store and access files, as well as for the added security features that are often included. While others may create multiple accounts to obtain additional storage space, this can be more difficult to manage and may not offer the same level of security and convenience. Ultimately, the decision to purchase a cloud storage service or use multiple accounts to obtain free storage will depend on individual preferences and needs.
On January 1, 2020, Everly Bottle Company sold $3,000,000 in long-term bonds. The bonds will mature in 10 years and have a stated interest rate of 8% and a yield rate of 10%. The bonds pay interest annually on December 31 of each year. The bonds are to be accounted for under the effective-interest method.
Required:
a. Calculate the issue price of the bonds (i.e. bond proceeds)
b. Prepare the 1) entry at the time of bond issuance, 2) the adjusting entry for December 31, 2020 and 3) adjusting entry for December 31, 2021.
The issue price of the bonds is $3,005,748. The entries at the time of bond issuance, the adjusting entry for December 31, 2020, and the adjusting entry for December 31, 2021 are as follows:
- Entry at the time of bond issuance: Debit Cash $3,005,748, Credit Bonds Payable $3,005,748.
- Adjusting entry for December 31, 2020: Debit Interest Expense $240,000, Credit Bonds Payable - Interest $240,000.
- Adjusting entry for December 31, 2021: Debit Interest Expense $240,000, Credit Bonds Payable - Interest $240,000.
a. To calculate the issue price of the bonds, we need to determine the present value of the bond's cash flows. The cash flows consist of the annual interest payments of $3,000,000 x 8% = $240,000 and the final principal payment of $3,000,000.
To calculate the present value, we will use the formula:
PV = PMT x [(1 - (1 + r)^-n) / r] + FV / (1 + r)^n
where:
PV = Present value
PMT = Annual interest payment
r = Yield rate
n = Number of periods
FV = Future value (principal payment)
Using the given values:
PMT = $240,000
r = 10% (yield rate)
n = 10 years
FV = $3,000,000
Let's plug these values into the formula and calculate the issue price:
PV = $240,000 x [(1 - (1 + 0.10)^-10) / 0.10] + $3,000,000 / (1 + 0.10)^10
PV = $240,000 x [(1 - 0.3855) / 0.10] + $3,000,000 / 1.10^10
PV = $240,000 x [0.6145 / 0.10] + $3,000,000 / 2.5937
PV = $1,847,333 + $1,158,415
PV = $3,005,748
Therefore, the issue price of the bonds is $3,005,748.
b. Now let's prepare the entries for bond issuance, the adjusting entry for December 31, 2020, and the adjusting entry for December 31, 2021.
1) Entry at the time of bond issuance:
Date | Account | Debit | Credit
January 1, 2020 | Cash | $3,005,748 |
| Bonds Payable | | $3,005,748
Explanation: The company receives cash from the bond issuance, increasing the Cash account. At the same time, it incurs a liability to the bondholders, increasing the Bonds Payable account.
2) Adjusting entry for December 31, 2020:
Date | Account | Debit | Credit
December 31, 2020 | Interest Expense | $240,000 |
| Bonds Payable - Interest | | $240,000
Explanation: The company records the annual interest expense on the bonds, increasing the Interest Expense account. At the same time, it reduces the Bonds Payable account by the amount of interest paid.
3) Adjusting entry for December 31, 2021:
Date | Account | Debit | Credit
December 31, 2021 | Interest Expense | $240,000 |
| Bonds Payable - Interest | | $240,000
Explanation: The company records the annual interest expense on the bonds, increasing the Interest Expense account. At the same time, it reduces the Bonds Payable account by the amount of interest paid.
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which one of the following is not a valid reason to return a medication to the warehouse or manufacturer for credit?
Drug was incorrectly reconstituted is the one of the following is not a valid reason to return a medication to the warehouse or manufacturer for credit. Hence, option C is correct.
What is manufacturer?A manufacturer is a person or company that uses various tools, machinery, and processes to transform raw materials into completed goods that are subsequently sold to consumers, wholesalers, distributors, retailers, or other manufacturers who can use them to create more complex goods.
Use the single possessive: manufacturer's data book, if people are referring to a specific manufacturer's data book specifications.
Thus, option C is correct.
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A) Drug was recalled
B) Drug expired
C) Drug was incorrectly reconstituted
D) Drug was damaged during delivery
Linda sells 100 bottles of homemade ketchup for $10 each. The cost of the ingredients, the bottles, and the labels was $700. In addition, it took her 20 hours to make the ketchup and to do so she took time off from a job that paid her $20 per hour. boldi Instructions: Enter your answers as whole numbers. Linda's accounting profit is Linda's economic profit is:______
Linda was actually at a loss by -$100 if she sold 100 bottles of homemade ketchup for $10 each.
The given data is as follows:
Number of bottles Linda sales = 100
Cost of ketchup = $10
Total cost = $700
Number of hours invested = 20 hours
Paid rate = $20 per hour
Linda's profit is calculated by subtracting her total costs from her total revenue. Mathematically, the formula is:
Total Revenue = Number of bottles Linda sales x Cost of ketchup
Total Revenue = 100 x $10
Total Revenue = $1000
Now, the total cost is calculated by adding the total cost of bottles and the product of the number of hours and cost per hour. Mathematically,
Total Costs = $700 + (20 hours x $20 per hour)
Total Costs = $1100
Profit = Total Revenue - Total Costs
Profit = $1000 - $1100 = -$100
Therefore, we can conclude that Linda was actually at a loss by selling the ketchup for $10 each.
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Terry Hamilton has just received $22,000 from an uncle who died and is trying to decide how to invest it. She has done some research and has decided that about 30% of the money should go into large cap stocks, 20% into medium cap stocks, 15% into small cap stocks, 10% into bonds, 10% into foreign stock, and 15% into cash. She thinks that even if one area does not do that well, the rest will so that her overall return will be pretty good. Terry is demonstrating an understanding of what aspect of investing
Answer:
diversification
Explanation:
Diversification is generally considered not putting all your eggs in one single basket. In other words, by diversifying her investment portfolio, if one basket breaks, only one or a couple of eggs will break. This means that if one company doesn't perform well, the performance of the other companies should offset any losses.
Personal financial planning is the process of planning your:
A. lending in order to optimize your personal situation.
B. family size in order to optimize your financial situation.
C. recreation in order to optimize your personal situation.
D. investing in order to optimize your financial situation.
Personal financial planning is the process of planning your investing in order to optimize your financial situation. This involves setting financial goals, creating a budget, managing debt, saving for retirement, and investing wisely in order to achieve financial security.
Personal financial planning is a process that individuals use to manage their money and achieve their financial goals. It involves taking a comprehensive look at an individual's financial situation and developing a plan to achieve their short-term and long-term financial objectives. Personal financial planning includes budgeting, managing debt, saving for emergencies and retirement, and investing in a diversified portfolio.
Investing is an important component of personal financial planning. It involves putting money into various financial instruments, such as stocks, bonds, mutual funds, and exchange-traded funds (ETFs), in order to earn a return on investment. Proper investing can help individuals achieve their financial goals, such as saving for retirement or paying for a child's education.
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All else equal producer __________ increases at higher prices.
All else equal, producer supply, or the number of goods and services supplied increases at higher prices, as producers are incentivized to supply more in order to maximize profits.
All else equal, producer supply increases at higher prices. This is because as prices increase, producers are able to earn more revenue and increase their profits. As a result, they have a greater incentive to produce more of the good or service in question, which leads to an increase in the quantity supplied. This relationship between price and quantity supplied is known as the law of supply and is a fundamental principle in economics. Other factors, such as the cost of production and the availability of resources, can also affect producer supply, but all else equal, an increase in price will generally lead to an increase in the quantity supplied.
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Reading market news by non-U.S-based publications will help:
Answer:
broadening the investor base and also allowing them to become better integrated into the local business scene.
Explanation:
give four reason as to why being an entrepreneur is beneficial than a doing a job
Answer:
Hope this helps!
4 reasons:
Explanation:
1) Being an entrepreneur is beneficial because it helps you get to know yourself better. You get to be your own boss.
2) Entrepreneurs get to make their own schedule. You can work for flexible hours.
3) You get to be more independent. Taking entrepreneurship will grant you freedom.
4) Choosing to be an entrepreneur is a big risk. This means your taking a challenge in your life. You'll make yourself stronger!
The best part though? It is a big satisfaction when you succeed, yeah and you'll definitely be proud of yourself.
the new york stock exchange and the nasdaq both require all listed companies to
The New York Stock Exchange and NASDAQ both require all listed companies to comply with certain rules and regulations.
These regulations aim to protect investors and maintain the integrity of the stock market. For example, companies must meet certain financial standards and provide timely and accurate financial statements. They must also adhere to corporate governance standards and disclose any potential conflicts of interest. Additionally, companies must follow listing requirements such as minimum share prices and trading volumes. Failure to comply with these rules can result in delisting from the exchange. Overall, the regulations ensure transparency and accountability in the stock market, which is essential for maintaining investor confidence and market stability.
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write a journal post with three things you might be able to do to go to college (or any other option you are considering after high school) without student loan debt?
Answer:
You can apply for scholarships, work in high school, and receive grants.
Explanation:
You can possibly graduate college without debt or little money owed back to a bank.
The first option is a scholarship, this money is usually only offered from a range of $500-fully paid tuition. You may have to apply to hundreds before you are granted some but they are offered from freshmen in high school all the way to almost graduating college.
Your second option is working, sophomore year is when you'd be able to get a job the earliest. Every paycheck you save about 20%, work all the way through college and you can save enough to pay for your first year, possibly second year of college. You could also work while you're a full-time student, it'd be hard work but it can be done.
Your third option, but not last is to apply for grants. This is basically free money, they differ from scholarships though. You do not have to pay grants back, and you can get sponsored by companies to pay your way through college.
On July 1, 2021, Bonita Industries issued 3500 of its 10%, $1,000 bonds at 99 plus accrued interest. The bonds are dated April 1, 2021 and mature on April 1, 2031. Interest is payable semiannually on April 1 and October 1. What amount did Bonita receive from the bond issuance
Answer:
On July 1, Year 1, Howe Corp. issued 300 of its 10%, $1,000 bonds at 99 plus accrued interest.
The bonds are dated April 1, year 1 and mature on April 1, year 11. Interest is payable semiannually on April 1 and October 1.
What amount did Howe receive from the bond issuance?
a) $304,500
b) $300,000
c) $297,000
d) $289,500
a) $304,500
The amount received is the price of the bonds plus interest from April 1, the bond date, to July 1, the issue date:
Amount received = .99(300)($1,000) + .10(3/12 year)(300)($1,000) = $304,500
The second term in the above calculation uses 3/12 of a year, which is the portion of a year between April 1 and July 1.