The correct answer is Option B which is Giving the group meaningful goals to encourage commitment.
Who is Finance Director ?Assessing a company's financial needs and allocating funds effectively are the main duties of a finance director. You lay a financial foundation that enables your business to expand. Your responsibilities as an executive include monitoring spending, creating the budget for the business, offering accounting management services, conducting data analysis, managing records, and performing other executive functions. To improve the efficacy and efficiency of the organization, you present your findings and recommendations. Finance director roles are typically available at small to medium-sized enterprises, however larger organizations may use the position in a different way.
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As a consumer consumes more of a good or service, the additional satisfaction of consuming the additional units goes down. This is called the law of:.
As a consumer consumes more of a good or service, the additional satisfaction of consuming the additional units goes down. This is called the law of diminishing marginal utility.
What is utility?It should be noted that utility simply means the satisfaction that's derived from using a good or service.
In this case, as a consumer consumes more of a good or service, the additional satisfaction of consuming the additional units goes down. This is called the law of diminishing marginal utility.
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A study of the potential demand for a new hospitality and travel business is called______
Answer:
market analysis
Explanation:
A market analysis is the studies the dynamics of the study market such that of a potential rise in demands for a new hospitality and travel business. The market analysis is also a part of the global environmental analysis. It identifies the possible strengths and weaknesses along with the opportunities and threats. It areas include market trends, growth probability, and key success factors.samsung is comparing the price, features, and durability of their galaxy tablet to the industry leader, the apple ipad. according to how we use the term in this class, they are currently using:
The term Samsung is currently using to compare the price, features, and durability of their Galaxy tablet to the industry leader, the Apple iPad, is benchmarking.
Benchmarking is a process in which a company compares its products, processes, or performance against those of its competitors or industry leaders. It involves analyzing and evaluating various aspects such as price, features, quality, and performance to identify areas for improvement and gain a competitive advantage.
In this case, Samsung is benchmarking its Galaxy tablet against the Apple iPad. By comparing the price, features, and durability of their product to the industry leader, Samsung aims to assess its strengths and weaknesses and identify areas where it can match or surpass the iPad's offerings.
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answer the above Questions
Answer:
4. b. Government
5. d. None of these
6. c. Trading communities
Uncertainty about risk and the presence of asymmetric information lead to the problem of adverse selection. True or false
True, uncertainty about risk and the presence of asymmetric information can lead to the problem of adverse selection.
Adverse selection occurs when one party in a transaction has more information than the other party, which leads to an imbalance in the information shared. In the context of risk and uncertainty, adverse selection refers to the situation where individuals or firms with higher risk levels are more likely to seek out insurance or engage in risky behavior.
Here's a step-by-step explanation of how uncertainty about risk and asymmetric information lead to adverse selection:
1. Uncertainty about Risk: When individuals or firms have limited knowledge about the potential risks involved in a transaction, they tend to be more cautious. This caution can lead to adverse selection as those who perceive themselves to be at higher risk are more likely to participate in the transaction.
For example, in the insurance market, if people are unsure about the probability of certain risks, those who believe they are at a higher risk are more likely to purchase insurance coverage. This can result in a higher proportion of individuals with higher risk levels in the insurance pool, which can increase costs for insurance providers.
2. Asymmetric Information: Asymmetric information occurs when one party has more information than the other party in a transaction. In the context of adverse selection, it refers to a situation where one party has better knowledge about their own risk level compared to the other party.
For instance, in the used car market, sellers possess more information about the quality and condition of their vehicles compared to potential buyers. As a result, buyers face the risk of purchasing a low-quality car at a higher price. This knowledge asymmetry can lead to adverse selection as sellers with low-quality cars may be more willing to sell, while buyers may be hesitant to purchase due to the uncertainty surrounding the car's condition.
In conclusion, uncertainty about risk and the presence of asymmetric information can indeed lead to the problem of adverse selection. This occurs when individuals or firms with higher risk levels are more likely to engage in transactions, which can have negative consequences for the parties involved and may result in market inefficiencies.
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Taylor buys bottles of nail polish that cost $3. 95 each. She has a maximum of $30 to spend on nail polish purchases. The total cost, with respect to bottles purchased, can be modeled by a function. Which statement correctly defines the domain of the function?.
The domain of the function will be C. The domain is the set of while numbers greater than or equal to 0 and less than or equal to 7.
Let x = the number of nail polishes that are bought.
Since Taylor buys bottles of nail polish that cost $3. 95 each and she has a maximum of $30 to spend, the number of nail polishes that'll be bought will be:
= 30/3.95.
x = 7.60
In conclusion, the domain is the set of while numbers greater than or equal to 0 and less than or equal to 7.
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What marketing strategy decisions do marketers have with product lines?
Devon was surprised that his pay check was less than he had expected. His
paycheck was reduced because
had been withheld by his employer.
OA. incentives
B. commissions
C. gross pay
OD. deductions
The answer is C. Gross pay. Devon's paycheck was reduced because it had been withheld by his employer as gross payment.
"Gross pay" mean?Before any taxes, benefits, or other payroll deductions are done , an employee's gross salary is what they are paid. Net pay, often known as take-home pay, is the amount that is given after all withholdings have been taken into consideration.
Calculate my gross pay?Start by determining the total amount need for each pay period in order to see an employee's gross compensation. Hourly workers multiply their total hours worked by their hourly rate, plus any overtime. Employees on a salary split their yearly earnings by the number of pay periods.
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West Corp. issued 16-year bonds 2 years ago at a coupon rate of 9.5 percent. The bonds make semiannual payments. If these bonds currently sell for 99 percent of par value, what is the YTM?
Answer:
the YTM of the bond is 9.63%.
Explanation:
Bonds price in most countries is usually expressed per $100. Taking this price into account, the Yield to Maturity (YTM) would be calculated as follows :
Pv = $100 × 99% = - $99
n = 14 × 2 = 28
pmt = ($100 × 9.5 %) ÷ 2 = $4.75
p/ yr = 2
Fv = $100
YTM = ?
Using a Financial Calculator, the yield to maturity, YTM is 9.6316 or 9.63%.
why is it necessary to plan an advertising strategy? what factors should be considered?
A well-planned advertising strategy: Target audience, market research, competitor analysis, budget allocation, message positioning, and media selection for effective communication and promotion.
How does a well-structured advertising strategy benefit businesses?An advertising strategy is crucial for businesses as it enables them to efficiently reach their desired audience and effectively convey their brand message. Through meticulous consideration of elements like target demographics, market research, and competition analysis, companies can develop a focused and customized advertising approach that optimizes their impact and return on investment.
Such a strategy allows businesses to identify their ideal customers, understand their needs and preferences, and tailor their advertising efforts accordingly. By conducting thorough market research, companies can gain valuable insights into consumer behavior, trends, and competitors' strategies. Armed with this knowledge, they can craft compelling advertisements that resonate with their target audience and differentiate themselves from competitors.
Additionally, an advertising strategy helps businesses allocate their resources efficiently by identifying the most suitable advertising channels and mediums to reach their target market. Whether it's through traditional platforms like television, radio, or print media or modern digital channels such as social media, search engine marketing, or influencer partnerships, a well-planned strategy ensures that businesses make the most of their advertising budget.
Furthermore, an advertising strategy facilitates consistent messaging and branding across all channels. It allows businesses to develop a cohesive and memorable brand identity that creates a lasting impression on consumers. By maintaining a unified brand voice and visual style, businesses can establish trust and familiarity with their target audience, leading to increased brand recognition and customer loyalty.
In conclusion, an advertising strategy serves as a roadmap for businesses to effectively navigate the complex landscape of advertising. By considering crucial factors and tailoring their approach, businesses can connect with their target audience, differentiate themselves from competitors, and achieve their marketing objectives successfully.
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Which of the following is an example of marginal cost?
A
the amount of time Cindy gives up studying to mow lawns
B
the amount of time it takes Cindy to mow one additional lawn
с
the amount of time Cindy spends gathering resources to mow lawns
D
the amount of time Cindy spends mowing the lawns of all her clients
Answer:
B
Explanation:
An example of marginal cost is the amount of time it takes Cindy to mow one additional lawn. Thus, the correct answer is option B.
What is marginal cost?The marginal cost in economics is the change in total production cost that results from making or producing one additional unit. Divide the change in production costs by the change in quantity to calculate marginal cost. Marginal cost is an economics and managerial accounting concept most used often among manufacturers as a means of isolating an optimum production level.
The goal of marginal cost analysis is to determine when an organization can achieve economies of scale in order to optimize production and overall operations. If the marginal cost of producing one additional unit is less than the per-unit price, the producer may profit.
Therefore, the amount of time it takes Cindy to mow one additional lawn is the marginal cost.
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Profit is _____.
the difference between business income and business expenses
a main motive for entrepreneurs starting new businesses
often calculated using a pie graph
all of the above
Answer:
ALL OF THE ABOVE
Explanation:
EDGE 2021 :D
From what you read in the Content, who is the college student that wanted to create
a tutoring app?
Vicky
Xavier
Isaiah
Lisa
Answer:
vicky..........................
Why is it important for people to maintain a good credit history?
A. So that it's easier to list the expenses on their personal budget
B. So that the IRS won't investigate them for tax fraud
C. So that they know all of the fees associated with their credit cards
D. So that they have an easier time getting loans and credit cards
Answer:
D. So that they have an easier time getting loans and credit cards
Explanation:
A credit score is a three-digit numerical that communicates reliability in debt repayments. Credit scores range between 300 to 850. Lenders seek to find the credit score for a borrower before advancing credit facilities to them. A higher credit score indicates a borrower is less likely to default on a loan.
Maintaining a high credit score enables one to obtain credit with relatively easy and at lower interest rates. Lenders feel comfortable extending credit to a customer with a high credit score. They consider them a low-risk borrower.
what will I need to start a clothing shop
Answer:
Explanation:
But meanwhile his you are going to start a new clothing business you will not have much finance ( money ) but first u have to advertise to the customers . get the customers attraction and there satisfaction , because then one customer will spread the whole news about your clothing shop to almost all the customers. which will be beneficial for you .
You will have to advertise on the tv , radio , bill boards , newspapers , many other marketing equipments plus u must advertise your business in a way that the customers will be willing to purchase your clothes from your clothing shop.
Then eventually you will gain more profits and will lead to profits so after sometime you can create a a online shopping like a website , because some and many customers will be willing to purchase your clothes through the online platform. which saves the customers time and transportation costs and etc.
By the way the main element is customers because without customers there will be no lead / success to your clothing shop.
Hope this answer helps you :)
Have a great day.
Mark brainliest :)
FAOSTAT, the Food and Agriculture Organization of the United Nations, collects information on the production and consumption of more than 200 food and agricultural products for many countries around the world. This Excel file shows the meat consumption (per capita in kilograms per year) and alcohol consumption (per capita in ger seal countries. The United States leads in meat consumption with 123 kilograms while Ireland consumes the most alcohol with 70.69 gallons. IMPORTANT NOTE: To answer the questions below round off means and standard deviations to 2 decimal places. Question 1a. Find the z-score for United States meat consumption.(Use 2 decimal places in your answer). Question 1b. Find the z-score for Ireland's alcohol consumption.(Use 2 decimal places in your answer). Ireland United States Question 3. If meat consumption is expressed in pounds instead of kilograms, what is the z-score for United States meat consumption? (1 kilogram = 2.2 pounds)
The z-score for United States meat consumption expressed in pounds is 9.32.
1a. Find the z-score for United States meat consumption.
To find the z-score, we use the formula;
z=(x−μ)/σz = (x - μ) / σ,
where x is the given value, μ is the mean, and σ is the standard deviation.
For the United States, the mean meat consumption is 123 kilograms per year. Given a standard deviation of 15.94, the z-score for the United States meat consumption is;z=(x−μ)/σ= (123 - 123) / 15.94= 0
1b. Find the z-score for Ireland's alcohol consumption.
To find the z-score, we use the formula;
z=(x−μ)/σz = (x - μ) / σ,
where x is the given value, μ is the mean, and σ is the standard deviation.
For Ireland, the mean alcohol consumption is 70.69 gallons per year. Given a standard deviation of 7.15, the z-score for Ireland's alcohol consumption is;
z=(x−μ)/σ= (70.69 - 70.69) / 7.15
= 0Ireland = 0US = 0
The z-score is zero because the value is equal to the mean value.
The mean meat consumption for the United States is 123 kg per year. To convert this to pounds, we multiply by 2.2;123 × 2.2 = 270.6
So, the United States meat consumption in pounds is 270.6 per year.
Now we can calculate the z-score using the formula;
z=(x−μ)/σz = (x - μ) / σ,
where x is the given value, μ is the mean, and σ is the standard deviation.
Using the same standard deviation of 15.94, the z-score for the United States meat consumption in pounds is;
z=(x−μ)/σ= (270.6 - 123) / 15.94= 9.32 (rounded to 2 decimal places)
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nate schaffran, africa’s regional director, mentions that root capital has had a focus on ________ in regard to human resources in the last five years.
Nate Schaffran, Africa’s regional director, mentions that root capital has had a focus on diversity and inclusion in regard to human resources in the last five years.
Root Capital is a nonprofit organization that provides financial support and advisory services to small and growing agricultural businesses in Africa, Latin America, and Southeast Asia. Nate Schaffran, the regional director of Africa, has recently mentioned that Root Capital has placed a strong emphasis on diversity and inclusion within their human resources department over the last five years.
Diversity and inclusion are essential components of creating a sustainable and equitable workplace. By focusing on diversity, Root Capital has ensured that their team comprises individuals from different backgrounds, cultures, and experiences.
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The degree of rivalry in a market moves from high to low in the following order:
monopoly, perfect competition, and imperfect competition.
perfect competition, imperfect competition, and monopoly.
monopoly, imperfect competition, and perfect competition.
imperfect competition, monopoly, and perfect competition.
Monopoly has low rivalry due to a single seller with market power, imperfect competition has moderate rivalry with some pricing control, and perfect competition has high rivalry with no market power and intense competition. Option C.
In a monopoly, there is a single seller or producer in the market, which gives them significant control over pricing and supply. The absence of close substitutes and barriers to entry creates a high degree of market power, resulting in low rivalry.
Imperfect competition refers to a market structure where there are several sellers, but the competition is not as intense as in perfect competition. It includes various forms such as oligopoly and monopolistic competition.
In imperfectly competitive markets, firms have some control over pricing and can differentiate their products to a certain extent. While there is more rivalry compared to a monopoly, it is still less intense than in perfect competition.
Perfect competition represents a market structure with numerous buyers and sellers, homogeneous products, perfect information, and easy entry and exit. In perfect competition, no single firm has the power to influence prices.
All firms are price takers, and competition is at its highest level. The abundance of substitutes and the absence of market power make rivalry in perfect competition intense.
In summary, the correct order is monopoly (low rivalry) - imperfect competition (moderate rivalry) - perfect competition (high rivalry). This sequence reflects the progression from a market with limited competition and market power to a market with intense competition and no market power. SO OPtion C is correct.
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Assume the probability distributions for R and R given the following information. R1 = 7% 0 (R* )=4% T=.40 (6)a. Management is considering a capital structure with L = .50. With this capital structure, kd will be 10% and ke will be 15%. What is the probability of achieving an R greater than ke? (5)b. Suppose management wants the probability from part a to be 72%. With everything else equal, what would the necessary increase in Rí be to get a 72% chance of having R greater than ke?
necessary increase in R* to achieve a probability of 72% of having R greater than ke is approximately 5.83%.
a. To calculate the probability of achieving an R greater than ke, we first need to find the weighted average cost of capital (WACC) using the given capital structure. WACC = kd(1-L) + ke(L) = 10%(1-.50) + 15%(.50) = 12.5%.
Next, we need to calculate the expected return on equity (R) using the following formula:
R = R* + T (WACC - R*) = 4% + .40(12.5% - 4%) = 7%.
Since R is equal to ke in this case, the probability of achieving an R greater than ke is 0.
b. To achieve a probability of 72% of having R greater than ke, we need to increase R* by a certain amount. Let's call this increase "x".
First, we need to calculate the new expected return on equity (R) using the same formula as before:
R = R* + T (WACC - R*) = (4% + x) + .40(12.5% - (4% + x))
We can simplify this equation to:
R = (4% + x) + .40(8.5% - x)
Next, we can set up an equation to solve for x:
0.72 = P(R > ke) = P(R > 15%) = P(R - 7% > 8%) = P(4% + x - 7% > 8%)
0.72 = P(x > 11%)
Using a normal distribution table or calculator, we can find that the corresponding z-score for a probability of 0.72 is approximately 0.65.
Therefore, we can use the following formula to solve for x:
0.65 = (11% - 3%) / σ
where σ is the standard deviation of R.
Solving for σ, we get:
σ = (11% - 3%) / 0.65 = 12.3%
Finally, we can use the formula for T to find the necessary increase in R*:
T = (R - R*) / (WACC - R*)
0.40 = (7% - 4% - x) / (12.5% - 4%)
Solving for x, we get:
x = 5.83%
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Economies of scale refers to the fact that as the quantity of product produced in a given time period __________, the cost of manufacturing each unit __________.
Economies of scale refers to the fact that as the quantity of product produced in a given time period increase, the cost of manufacturing each unit decreases.
What is Economies of scale?Economies of scale can be defined as the benefit a company or organization enjoy for expanding their business or the cost benefit a business derived when they increases their level of output.
Therefore Economies of scale refers to the fact that as the quantity of product produced in a given time period increase, the cost of manufacturing each unit decreases.
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Economies of scale refers to the fact that as the quantity of product produced in a given time period increases, the cost of manufacturing each unit decrease.
What is economies of scale?Economies of scale is the benefit an individual or company gets when goods and commodities are produce effectively. This could result in additional profit from production process and sales.
Therefore, economies of scale refers to the fact that as the quantity of product produced in a given time period increases, the cost of manufacturing each unit decrease.
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I allow you to write letters of the alphabets what I am
Answer:
1COMPUTER (Practice worksheet) Name: Class:2 Date ...../ / I am your friend Pingo. Will you do this worksheet with me? This is my keyboard. Function Keys Numeric My computer's keyboard can talk. Special Keys Normal Keys Direction Keys Keys Numeric Keypad It wants to ask a few questions. Will you answer them for me? 1. Which key am I? a) I allow you to write letters of the alphabets. b) I allow you to move the cursor to the top of the page. c) I allow you to delete the letter to the left of the cursor d) I allow you to delete the letter to the right of the cursor. e) If you press me you can type capital letters. f) You use me to type numbers. g) I allow you to create blank spaces between two words or two numbers. h) I allow you to move the cursor up, down, left or right.
Reliable state tax research tools available on H&R Block DNA are The Tax Research Center and ___________________.
a. TheTaxBook WebLibrary
b. The Federation of Tax Administrators
c. The American Institute of Certified Public Accountants (AICPA)
d. The Journal of Accountancy
a. The Tax Book weblibrary. On H&R Block DNA, a trustworthy resource for state tax research is The Tax Book weblibrary. On state tax laws, rules, and practices, it offers thorough information and direction.
The Tax Book weblibrary was created to assist tax professionals in keeping abreast of the most recent state tax legislation changes and making wise judgements on behalf of their customers. There are several resources available on The Tax Book WebLibrary, including state tax tables, forms, and instructions. Access to professional analysis and opinion on state tax matters is also provided. The software is simple to use and makes searching and navigating simple. The Tax Book WebLibrary's primary benefit is that it is consistently updated with the most recent state tax data. By doing this, it is made sure that tax experts have access to the most precise and recent data. In conclusion, The Tax Book WebLibrary is a useful tool for tax experts who require accurate and thorough knowledge on state tax laws and regulations. It is a crucial tool for staying current with developments and helping clients make educated selections.
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under the affordable care act which clasification applies tohealth plans based on amount covered cost
Under the Affordable Care Act (ACA), health plans are classified based on the amount of covered costs into four categories: Bronze, Silver, Gold, and Platinum.
The Bronze plans typically have the lowest premiums but the highest out-of-pocket costs, with the insurer covering about 60% of the healthcare expenses. Silver plans cover around 70% of the costs, Gold plans cover around 80%, and Platinum plans cover around 90%. These categories help consumers understand the level of coverage they can expect from a particular health plan and make informed decisions based on their healthcare needs and budget. The ACA also provides subsidies and cost-sharing reductions to make insurance more affordable for eligible individuals and families.
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The discounted payback period rule states that a company will accept a project if?
According to the "Discounted Payback Period Rule," a business will approve a project if the calculated payback is shorter than a predetermined period of years.
Definition of Period of Repayment
The number of years required to recover the initial financial investment is referred to as "payback time." In other words, it measures how long a machine, facility, or other investment has produced enough net income to cover its costs.
What are NPV and payback period?While NPV (Net Present Value) is calculated in terms of money, payback technique refers to the length of time required for a return on investment to equal the initial investment. Payback, NPV, and countless more metrics are examples of approaches to measure the worth of a project.
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A retailer has noticed that his cost of goods from a specific supplier always seem to be increasing—affecting the gross profit on the items. What are some steps a retailer could take?
Grin and bear it—the supplier sets the prices!
Ask the supplier for an explanation for the price increases.
Change suppliers or quit carrying the item(s) from this supplier.
Keep raising retail price of the item(s) to compensate for the price increases from the supplier.
The action that the retailer could take is that He or she can ask the supplier for an explanation for the price increases and then he can Keep raising retail price of the item(s) to compensate for the price increases from the supplier.
What brings an increase in gross profit margin?A retailer can experience an increase in the sales volume and this is one that can lead to a reduction in the cost of goods sold based on the fixed manufacturing cost per unit is said to be smaller as production volume is getting bigger.
An increase in sales is known to be one that is followed by a decrease in cost of goods sold per unit that therefore leads to a higher gross profit margin.
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The equity sections from Atticus Group's 2016 and 2017 year-end balance sheets follow. Stockholders' Equity (December 31, 2016) Common stock-$4 par value, 100,000 shares authorized, 35,000 shares issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings Total stockholders' equity $ 140,000 100,000 340,000 $ 580,000 Stockholders' Equity (December 31, 2017) Common stock-$4 par value, 100,000 shares authorized, 41,200 shares issued, 4,000 shares in treasury Paid-in capital in excess of par value, common stock Retained earnings ($30,000 restricted by treasury stock) $164,800 162,000 420,000 746,800 (30,000) $716,800 Less cost of treasury stock Total stockholders' equity The following transactions and events affected its equity during year 2017 Jan. 5 Declared a $0. 60 per share cash dividend, date of record January 10. Mar. 20 Purchased treasury stock for cash. Apr. 5 Declared a $0. 60 per share cash dividend, date of record April 10. July 5 Declared a $0. 60 per share cash dividend, date of record July 10. July 31 Declared a 20% stock dividend when the stock's market value was $14 per share. Aug. 14 Issued the stock dividend that was declared on July 31. Oct. 5 Declared a $0. 60 per share cash dividend, date of record October 10. 3. What is the amount of the capitalization of retained earnings for the stock dividend? Capitalization amount
the amount of the capitalization of retained earnings for the stock dividend in Atticus Group's equity section is $115,360.
To calculate the capitalization amount of retained earnings for the stock dividend, we need to multiply the number of shares issued as a stock dividend by the market value per share at the time of the dividend declaration.
In this case, the stock dividend involved 20% of the 41,200 shares issued. So, the number of shares issued as a stock dividend is:
Number of shares issued = 20% of 41,200 shares
= 0.20 * 41,200
= 8,240 shares
The market value per share at the time of the dividend declaration was $14. Therefore, the capitalization of retained earnings for the stock dividend is:
Capitalization amount = Number of shares issued * Market value per share
= 8,240 * $14
= $115,360
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Why is it important to plan early for your retirement?
That way you can choose the right major in college.
In order to take advantage of the power of compounding.
Planning early will allow you to invest in new companies.
Taxes on retirement investments increase as you get older.
It is quite important to begin to plan early for your retirement In order to take advantage of the power of compounding.
Why should you plan early for retirement?When you start planning early for retirement, you get to invest funds earlier and leave them to grow for longer.
This means that you can take advantage of the power of compounding, in that your investment will compound for longer and accumulate to higher levels.
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Watchez Corporation has recently launched a high-end watch. What kind of corporate financial planning must it take into account?
A)ways to curb variable expenses
B)ways to offset the limited economic benefits
C)ways to reduce fixed expenses
D)ways to reduce labor turnover
The best corporate financial planning to be taking into account for the product launch is the ways to curb variable expenses.
What is the reason for curbing of variable expenses?In a manufacturing process, it is known that the variable expenses flunctuates to any level and can lead to high cost of operation if care are not exercise by the firm.
Hence, in order to remain at profitable level, the best financial planning for the product launch is the ways to curb variable expenses.
Therefore, the Option B is correct.
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Explain the differences between active and passive income. Which do you think is easier from an owner's standpoint, and why?
Answer:
Passive income is money earned on an investment, or work completed in the past that continues to make money without any additional effort. Active income, on the other hand, is money earned in exchange for performing a service. I would think active income is easier because it allows you to earn an income quickly and consistently. Passive income can take years to build.
Explanation:
Cost of Merchandise is 100$ and the planned initial markup is
56.85%. What should be the retail price?
If the cost of merchandise is $100 and the planned initial markup is
56.85%, then, the retail price should be $156.85.
Retail price refers to the price at which a product or service is sold directly to consumers by a retailer or seller. It is the amount that consumers are expected to pay when purchasing a product or service from a retail store or an online platform.
The retail price typically includes various costs, such as the production or acquisition cost, distribution costs, marketing expenses, and a margin for the retailer to cover their operating expenses and make a profit.
To calculate the retail price, we need to add the planned initial markup percentage to the cost of the merchandise.
The planned initial markup is given as 56.85% of the cost. To find the markup amount, we calculate 56.85% of $100:
Markup = 56.85% * $100
= 0.5685 * $100
= $56.85
Next, we add the markup amount to the cost of the merchandise to determine the retail price:
Retail Price = Cost + Markup
= $100 + $56.85
= $156.85
This ensures that the merchandise covers its initial cost and includes the planned markup percentage.
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