IRR is the abbreviation for the Internal Rate of Return. It is a method of calculating the potential profitability of an investment or project by evaluating the expected return against the cost of the investment. The IRR of an investment is the rate at which the investment's net present value is zero.
The IRR is expressed as a percentage, and it is an essential measure that investors and companies use to decide whether to undertake a new project or investment. In this scenario, the IRR for becoming an ophthalmologist as opposed to an accountant will be analyzed. The table given above represents the salary, and below are the steps to find the IRR.
Step 1: Net Cash Flow for Each Option To determine the net cash flow for each career option, add up all of the salary figures for each option and subtract the initial cost or investment. The initial investment is zero in this scenario. Therefore, the net cash flows for the two career options are as follows: Ophthalmologist Net Cash Flow:
$0 + $5,215 + $10,012 + $12,145 = $27,372 Accountant Net Cash Flow: $0 + $3,004 + $4,305 + $5,012 = $12,321
Step 2: Use Excel's IRR Function To find the IRR for each career option, you can use Microsoft Excel's IRR function. The syntax for the IRR function is as follows: IRR (values, [guess]) The "values" argument represents the net cash flows, and the "guess" argument represents the approximate rate of return for the investment. Since we do not have any approximation, we will leave it blank.
Therefore, from a profitability standpoint, becoming an ophthalmologist is a more profitable option than becoming an accountant.
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For an additional expenditure of $20,000, a company could take one of four measures?
For an additional expenditure of $20,000, a company could consider implementing one of the following four measures:
Upgrading technology infrastructure: Investing in new hardware or software can enhance operational efficiency, improve productivity, and support business growth. This could involve upgrading computer systems, acquiring advanced software solutions, or implementing cloud-based services.
Employee training and development: Allocating funds towards training programs and workshops can enhance employees' skills, knowledge, and capabilities. This investment can lead to increased productivity, improved customer service, and a more skilled workforce that can adapt to changing market demands.
Marketing and advertising campaigns: Investing in targeted marketing initiatives can help increase brand awareness, attract new customers, and generate more sales. This could involve launching digital marketing campaigns, engaging in social media advertising, or implementing search engine optimization strategies.
Research and development (R&D): Allocating resources to R&D activities can spur innovation and lead to the development of new products, services, or processes. This investment can give the company a competitive edge, open up new market opportunities, and foster long-term growth.
Ultimately, the decision should be based on the company's specific goals, priorities, and areas that require improvement.
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advantages and disadvantages of a trade union
Economic importance
of
rivers
Answer:
Traditionally, rivers have been valued primarily as water sources to drive the economic engines of irrigation and hydropower. However, rivers provide a broader set of services that deliver immense benefits to people, economies and nature, which include, but exceed, the value of the water they carry.
Explanation:
Explain why the linear model can provide approximate estimates of VaR for a portfolio containing options
Because the change in the value of an option is not proportional to the percentage change in the underlying variable, the linear model can yield approximate estimates of VaR for a portfolio incorporating options.
The direct model posits that changes in the value of a portfolio are commensurable to changes in the underpinning variables. As a result, it's simply an approximation for a portfolio incorporating options.
A nonstop response variable is described as a function of one or further predictor variables in a direct model. They can help you in comprehending and vaticinating the geste of complicated systems, as well as assaying experimental, fiscal, and natural data.
The word direct model is used else in statistics depending on the environment. The most common operation is in relation to retrogression models, and the expression is constantly used interchangeably with direct retrogression models. still, the expression is also used with a different connotation in time series analysis.
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the cost to retail percentage is found by dividing goods available for sale at blank by goods available for sale at blank . multiple choice question. cost; market value current selling price; cost retail; cost cost; current selling price
The cost-to-retail percentage is found by dividing goods available for sale at cost by goods available for sale at retail. The correct answer is retail; cost.
The Cost-to-Retail Percentage (CRP) is a simple method for calculating the price at which to sell goods in a retail store. The CRP determines the selling price of an item based on the cost of the item plus a mark-up (margin). It is also used to determine the level of markdowns required to reach a desired gross margin on inventory. In addition, CRP is used to calculate the shrinkage percentage (the percentage of inventory lost due to theft, damage, or error).Formula for cost-to-retail percentage: The cost-to-retail percentage is calculated by dividing cost by retail, then multiplying by 100%. (Cost ÷ Retail) × 100%
For instance, if the cost of an item is $50 and the retail price is $100, the CRP would be:
($50 ÷ $100) × 100% = 50%
Thus, the item should be sold for $100 and a 50% profit should be generated. The Goods Available for Sale is the total amount of inventory available for purchase by customers. Goods Available for Sale is calculated by adding the beginning inventory (the inventory remaining from the previous accounting period) to the net purchases (the cost of inventory purchased during the accounting period).Goods Available for Sale = Beginning Inventory + Net Purchases. The correct answer is retail; cost.
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When using equity financing, firms run the risk of ________. Group of answer choices diluting the firm's ownership regular monthly payments of principal and interest incurring a high debt ratio severe penalties for late or missed payments of interest
When using equity financing, firms run the risk of diluting the firm's ownership. Equity financing involves selling a portion of the ownership of the company to investors in exchange for funding.
This means that the more equity financing a company receives, the more ownership is diluted among the investors. This can result in the original owners having less control over the company and potentially losing their majority stake. However, equity financing does not involve regular monthly payments of principal and interest like debt financing, nor does it result in incurring a high debt ratio or severe penalties for late or missed payments of interest.
Equity financing involves raising capital by selling ownership shares or stocks in the company. When more shares are issued, the ownership stake of existing shareholders is reduced or diluted. This dilution can result in a loss of control and decision-making power for the original owners, as they now have a smaller percentage of ownership in the company.
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Explain the difference between the common misconception people have about tax brackets and how they actually work
Answer:
Tax brackets misconception is that it defines how much tax will be paid by an individual but this is not true. It only determines the rate of tax which will be applied to the individual for his income.
Explanation:
The tax bracket is determined for an individual based on his salary. After the computation of taxable income tax brackets are selected and rate is applied which ever tax bracket falls correctly. The tax rate applied to the taxable incomes gives the tax amount which is to be paid by an individual.
Assume the market interest rate is 8% per year and inflation averages 4% per year. (a) Calculate the perpetual equivalent annual worth in future dollars for years 1 through co for an income of $50,000 now and $5000 per year thereafter. (b) If the amounts had been quoted in CV dollars, what is the annual worth in future dollars?
$46,296.30 plus $62,500 equals $108,796.30 in total present value for the income stream.
Determine the annual perpetual equivalent value in future dollars for years 1 through co for an initial income of $50,000 and a yearly income of $5,000.We must first determine the present value of the income stream in order to determine the perpetual equivalent annual worth in future dollars. The following formula can be used to determine the initial $50,000 income's present value:
PV is the present value, FV is the future value, r is the interest rate, and n is the number of years. PV = FV / (1 + r) n.
So, PV = $50,000 / (1 + 0.08) ^ 1 = $46,296.30
The following formula can be used to determine the present value of the annuity of $5,000 per year:
PV equals A / r, where r is the interest rate and A is the annual sum.
So, PV = $5,000 / 0.08 = $62,500
Therefore, $46,296.30 plus $62,500 equals $108,796.30 in total present value for the income stream.
We can use the following formula to determine the perpetual equivalent annual worth in future dollars:
Where AE is the annual equivalent, PV is the present value, r is the interest rate, and n is the number of years, AE = (PV * r) / (1 - (1 + r) -n.
We can set n to infinity assuming a continuous income stream. Thus,
AE = ($108,796.30 * 0.08) / (1 - (1 + 0.08) ^ -∞)
AE = $8,703.70
As a result, $8,703.70 represents the perpetual equivalent annual worth in future dollars for years 1 through infinity.
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The computer accessories that Javier is making and
selling are bringing in a substantial amount of money
for him. Inspired by this success, he decides to hire two
people and expand his business.
A.international competition
B.consumer sovereignty
C.wealth creation
D.property rights
E.profit motive
Answer:
E. Profit motive
Explanation:
Profit motive can be defined as the intention, motivation or desire to form a business or engage in business ventures so as to generate financial (monetary) gains.
This ultimately implies that, profit motive is a desire for monetary gains (profits) which motivates a business owner to engage in the sales of finished goods or services.
Hence, profit motive is the premise on which all businesses are built on because the ultimate goal of every business is to achieve financial gains.
In this scenario, the computer accessories that Javier is making and selling are bringing in a substantial amount of money for him. Inspired by this success, he decides to hire two people and expand his business.
Thus, this is an example of profit motive.
In general, which TWO characteristics define a "small" business?
A. Fewer than 1,500 employees
B. Non-profit
C. Between 500 and 2,500 employees
D. Less than $35.5 million revenue
E. No more than $200,000 in sales
Small business includes business privately owned, through partnership or sole proprietorship and has fewer employees and revenue lesser than a regular-sized business.
Examples of Small business are Personal Trainers, Local Auto Repairs, Fair Online Stores, Home care services etc
The major characteristic of small business are
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Answer:
A. Fewer than 1,500 employees
D. Less than $35.5 million revenue
Explanation:
-These characteristics define a small business
(I took a test and got it right, sorry that I don't have a further explanation)
who made the effective contribution in the field of sience and arts during the renaicence
Answer:
Leonardo da Vinci, Raphael, and Michelangelo are considered the artists who reached the greatest achievements in art during the Renaissance. The Renaissance stressed harmony and beauty and no one could create more beautiful works than the great three artists listed above.
what
has a clock hint hes behind you
Answer:
GOD?
Explanation:
Men and women may be paid different wages under the Equal Pay Act when payment is made pursuant to a _____.
Based on the Equal Pay Act of 1963, Men and women may be paid different wages under the Equal Pay Act when payment is made under a "seniority system, a merit system, or a system that measures earnings by quantity or quality of production."
This is to make men and women have equal pay except for seniority or merit to those who deserve higher pay.
The United States Congress signed the Equal Pay Act of 1963 under President John F. Kennedy in his New Frontier Program.
The Equal Pay Act of 1963 was made to amend the Fair Labor Standards Act.
Hence, in this case, it is concluded that the Equal Pay Act of 1963 only makes men earn higher than women when it is based on seniority or merit.
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The main reason that Starbucks was able to have the main share of coffeehouses in the world is just two decades is that they: used tangible resources to provide their product. capitalized on the economic climate at the most opportune time. were the only coffeehouse to offer premium coffee during extended hours. successfully applied their knowledge and skills to better serve customers.
Answer:
Were the only coffeehouse to offer premium coffee during extended hours.
Explanation:
Starbucks has a significant share in global markets, it has developed it in not so long time.
Reason behind it might be that - Its premium coffee beans & consequently coffee quality. This complimented with fair range of coffee varieties, relaxing & comfortable ambience, specially during extended hours - helped it attain the status.
Donald Trump wanted to pull us out of the WTO because he thought China was cheating. Would you stay in or leave?
Answer: I hate Trump and would make him eat tortilla chip vertically :/
Explanation:
Beginning work in process inventory plus total manufacturing costs equals ______.
Beginning work in process inventory plus total manufacturing costs equals the total cost of goods manufactured. When we add the value of partially completed goods at the beginning of the period to the total costs incurred during manufacturing, we get the total cost of goods manufactured.
To understand this equation, let's break it down step by step:
1. Beginning work in process inventory: This refers to the value of partially completed goods that were already in the production process at the beginning of the accounting period.
2. Total manufacturing costs: This includes all costs incurred during the manufacturing process, such as direct materials, direct labor, and manufacturing overhead.
3. Total cost of goods manufactured: This represents the total cost of the goods that were completed during the accounting period and ready for sale. It is calculated by adding the beginning work in process inventory to the total manufacturing costs.
Remember, this equation is used to track and calculate the cost of goods produced during a specific period and is important for financial reporting and analysis.
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Beginning work in process inventory plus total manufacturing costs equals the total cost of goods in process.
When a manufacturing process begins, there is typically some work already in progress. This work is called the beginning work in process inventory. It consists of partially completed units of products that have incurred some costs but are not yet finished.
As the manufacturing process continues, additional costs are incurred. These costs include direct materials, direct labor, and manufacturing overhead. The sum of these costs is referred to as total manufacturing costs.
When we add the beginning work in process inventory to the total manufacturing costs, we get the total cost of goods in process. This represents the cumulative cost of all the units in production, including those that were already partially completed and those that have incurred additional costs.
In summary, beginning work in process inventory plus total manufacturing costs equals the total cost of goods in process. This equation helps us track and calculate the cost of unfinished units in a manufacturing process.
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Creating an emergency fund to pay for unexpected expenses is known as __________________________________.
a
Backdoor Budgeting
b
"Saving for a Rainy Day"
c
Opening a Mutual Fund
d
Placing your money in a CD
Answer:
b
"Saving for a Rainy Day"
Explanation:
"saving for rainy day' is a phrase that means putting some money a side for use in times of need. The phrase encourages people to save money for emergency use. As a rule of thumb, one should have at least three times their normal income as savings.
10. According to the inventory life cycle,
after a retailer receives products, the next
step is
• A. to display products.
• B. that the retailer prices products.
• C. inventory is purchased.
• D. that the customer shops the store.
B
Answer:
B. that the retailer prices products.
Explanation:
In the inventory life cycle, after a retailer receives products, the usual next step is to display the products, arranging them properly for customer viewing and ensuring they have accurate price tags.
Explanation:According to the inventory life cycle in the retail business, after a retailer receives products, the next step is usually to display products (Option A). This is because once products are received, the goal is to prepare them for sale to customers as quickly as possible. Proper product display includes arranging goods attractively, often following visual merchandising principles, and making sure all items have accurate price tags so customers can make informed purchasing decisions. Following product display, customers can then shop the store (Option D).
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What are the advantages of Product Life Management explain in details
Product Life Management (PLM) offers several advantages, including improved product development efficiency, enhanced collaboration and communication, increased product quality, streamlined processes, better regulatory compliance, and improved decision-making throughout the product lifecycle.
Product Life Management (PLM) is a comprehensive approach to managing the entire lifecycle of a product, from conception to retirement. It brings together people, processes, and technology to optimize product development, production, and maintenance.
One of the key advantages of PLM is improved product development efficiency.
By implementing PLM systems and tools, organizations can streamline their product development processes, reduce time-to-market, and enhance innovation by enabling effective collaboration and knowledge sharing among teams.
PLM also facilitates enhanced collaboration and communication across different departments and stakeholders involved in the product lifecycle.
It provides a centralized platform for sharing information, managing product data, and tracking project progress, fostering effective teamwork and alignment.
Moreover, PLM supports better regulatory compliance by enabling organizations to manage and track compliance requirements throughout the product lifecycle.
It ensures that products meet applicable regulations, standards, and certifications.
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what conditions must exist in order for customers to be satisfied with marketers and their products?
The conditions must exist in order for customers to be satisfied with marketers and their products When customers' expectations are met.
Which of the following has to be true before marketing can happen?Marketing requires the presence of four elements: two or more parties (individuals or organizations) with unmet needs; their desire and ability to be satisfied; their ability to communicate; and their need to exchange something.
Which of the following requirements must exist before any exchange may take place?At least two parties are required.
There must be something that each has that the other would find useful.
Both can effectively communicate and provide what they have to offer.
Each individual has the freedom to accept or reject the offer.
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the success-failure condition needs to be met in order to use a normal approximation of the sampling distribution of a difference between proportions.
The success-failure condition is a crucial requirement for using a normal approximation in calculating the sampling distribution of a difference between proportions. This condition helps to ensure that the sample size is large enough to provide an accurate approximation.
The success-failure condition requires that the sample size be large enough to ensure that both groups being compared have enough successes and failures. Specifically, the condition is met when both groups have at least 10 successes and 10 failures.
If the success-failure condition is not met, the normal approximation may not be accurate, and alternative methods such as an exact test or simulation may be necessary. Therefore, it is important to check the success-failure condition before using a normal approximation.
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List 3 responsibilities that a consumer has when making a purchase.
Answer:
check receipt, know the return policy, read the fine print
Explanation:
Welcome
There are a number of different ethical issues you could discuss with your employees. What topics would serve as a good basis for the beginning of the course?
When making decisions, managers often must decide between doing what is beneficial for the firm in the short term, and what is beneficial for both the firm and society in the long term. To address this conflict, a firm must
When making decisions, managers are often faced with a conflict between what is beneficial for the firm in the short-term and what is beneficial for both the firm and society in the long-term.
This conflict arises because the actions that benefit the firm in the short-term may not necessarily align with the interests of society as a whole, which can lead to negative consequences for both the company and society in the long-term.
To address this conflict, a firm must adopt a long-term orientation and consider the broader social and environmental impacts of its decisions. This means looking beyond immediate financial gains and recognizing that actions taken today can have far-reaching implications for the company's reputation, customer loyalty, employee morale, and overall sustainability.
Firms that prioritize social responsibility and sustainable business practices are more likely to build strong relationships with stakeholders, including customers, employees, investors, and regulators. They are also better equipped to weather economic downturns and other disruptions, as they have diversified their risk and invested in building resilient supply chains and communities.
Ultimately, the key to addressing the conflict between short-term gains and long-term benefits is a commitment to corporate social responsibility (CSR) and sustainable business practices. By prioritizing the needs of society and the environment alongside those of shareholders, firms can create value for all stakeholders over the long-term, ensuring their continued success and impact.
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When Heidi Ganahl first started out with Camp Bow Wow, she spent a lot of time "micromanaging" things, but as time went by, she spent more of her focus on which aspect of management functions? A.Controlling b.Organizing c.Strategic planning d.Establishing goals and objectives
Answer:
c. Strategic planning
Explanation:
Micromanaging things refers to managing things with respect to the subordinates work or remember them for working in a particular subject.
In the given situation, since Heidi Ganahl spent a lot of time for micromanaging things after that he spent more focused on strategic planning as she wants to do the work planning so that she is able to accomplish the goals and objectives in an efficient and effective manner
Moreover, strategic planning refers to planning with respect to the direction of the business, its vision, mission, objectives, goals, etc so that the firm gets to know where they are and where they want to be in near future.
Hence, the correct option is c.
Lilly, Briah, Chloe, and Terry are the directors and equal shareholders of Fantastic Holidayz Pty Ltd, a company that runs an exclusive airline company and operates in several high-rise office buildings in Melbourne. Briah is the Managing Director and Terry is the Chief Financial Officer. Lilly and Chloe are non-executive directors. The Company has adopted a written constitution which contains the following clauses: (36) A directors' meeting may be called by a director giving reasonable notice individually to every other director (37) Quorum for directors' meetings is four directors and the quorum must be always present during the meeting (42) A resolution of the majority of directors may resolve to remove another director of the company. Business is booming, and Fantastic Holidayz has made a great deal of money over the last few years. However, the Board of Directors have rejected Lilly's proposal to declare a dividend for the last 7 years in a row - and she is getting fed up. The other directors always outvote her, arguing that it is better to keep the profits in reserve and continue to expand the business. Terry is currently investigating the possibility of opening further destinations to their itinerary In October 2017 Lilly was overseas for a family funeral and on her return to Melbourne, she discovers that the other directors have met and passed resolutions to remove her as a director of the company. Lilly did not receive any notice of the director's meeting. In another resolution, the remaining directors voted to pay themselves $500,000 in bonuses - equating to the entire year's profit. Lilly is angry that she has been removed and not paid a bonus and comes to you for your professional advice and opinion. Further, Fantastic Holidayz has a longstanding agreement with several travel agencies, and in January 2018, Fantastic's financial accounts showed that one agency owed the company $85,000, and there was no applicable security Recently, Lilly discovered that by June 2018 the debt owing to Fantastic Holidayz had blown out to $200,000. Terry had approved additional credit without the knowledge of the other directors. He did this, even though the agency had been taking a long time to pay its overdue account. Additionally, there are now rumours that are insolvent, but this cannot be proven. REQUIRED: 1. Discuss whether Lilly can bring any action to challenge the other directors' decision to deny dividends for several years and then pay themselves bonuses? (5 marks) 2. Advise Lilly about the process and potential outcomes if the travel agency is placed into voluntary administration - and any implications of this on Fantastic Holidayz. (5 marks) 3. Advise Lilly about whether Terry has breached any of his statutory duties as a director of Fantastic Holidayz. Include in your answer the consequences of a breach of duty, whether Lilly could bring an action for compensation on behalf of the company against Terry, and whether there are any defences available.
It is important for Lilly to consult with a legal professional to assess the specific circumstances and determine the most appropriate course of action. Legal advice tailored to the jurisdiction and applicable laws should be sought.
1. Lilly's Challenge to Dividend Denial and Bonus Payment:
Lilly may have grounds to challenge the other directors' decision to deny dividends for several years and then pay themselves bonuses. The key considerations are as follows:
a) Breach of Fiduciary Duty: Directors owe a fiduciary duty to act in the best interests of the company. By consistently rejecting dividends despite profitable operations, the directors may be breaching this duty if their decision is not justifiable and reasonable. The decision to pay themselves bonuses without Lilly's approval further strengthens her case.
b) Unfair Prejudice: Lilly may argue that the denial of dividends and payment of bonuses unfairly prejudice her interests as an equal shareholder and director. This argument can be supported by the fact that dividends have been consistently denied for several years, and the bonuses were paid without her knowledge or consent.
c) Oppression of Minority Shareholder: If the other directors' actions substantially interfere with Lilly's rights as a shareholder and director, it could constitute oppression of a minority shareholder. Denying dividends and paying bonuses in a manner that excludes Lilly's interests may be viewed as oppressive.
Lilly can potentially bring legal action seeking remedies such as an injunction to stop the bonuses, an order for dividends to be paid, or a buyout of her shares at a fair value.
2. Travel Agency in Voluntary Administration:
If the travel agency owing $200,000 to Fantastic Holidayz is placed into voluntary administration, the process and potential outcomes can be summarized as follows:
a) Voluntary Administration: Voluntary administration is a process where an external administrator (usually a registered liquidator) takes control of the insolvent company to maximize returns for creditors. The administrator assesses the company's financial position and explores options, such as restructuring or selling the business.
b) Outcomes and Implications: During voluntary administration, the administrator may propose a Deed of Company Arrangement (DOCA) to the creditors. If approved, it could allow the travel agency to continue operating and repay the debt over an agreed period. Alternatively, if the company's financial situation is deemed irreparable, the administrator may recommend liquidation.
For Fantastic Holidayz, the outcome depends on the recovery of the debt. If the travel agency is unable to repay the owed amount, Fantastic Holidayz may have to write off the debt as a loss, potentially impacting their financial position. The impact could be significant if the debt is material to the company's operations.
3. Terry's Breach of Director's Duties:
Terry, as the Chief Financial Officer and a director of Fantastic Holidayz, may have breached his statutory duties. The key considerations are as follows:
a) Duty of Care and Diligence: Directors must exercise reasonable care, skill, and diligence in fulfilling their roles. Terry's approval of additional credit without the knowledge of other directors could be seen as a failure to exercise due care and diligence. The consequences of a breach may include personal liability for any loss suffered by the company.
b) Duty to Act in Good Faith and for Proper Purpose: Directors must act in good faith and in the best interests of the company. By approving additional credit for a customer with an outstanding overdue account, despite potential insolvency concerns, Terry may have breached this duty.
c) Consequences and Action for Compensation: If Terry is found to have breached his statutory duties, consequences may include personal liability for any loss suffered by the company due to his actions. Lilly, as a shareholder, may have standing to bring a derivative action on behalf of the company to seek compensation from Terry for any losses incurred.
d) Defenses: Terry may raise defenses such as relying on professional advice, acting in good faith, or having the belief that his actions were in the company's best interests. However, these defenses may not absolve him entirely from liability if his actions are found to be unreasonable or against the company's interests.
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8. Mineral Products Corporation, which owns no land, has a right to mine the copper from Natural Resource Company's land. Mineral's right is
Answer:
Mineral's right is a profit.
Explanation:
Profit would be the proportion of net income which always significantly increases the expenditure for the time frame. In other phrases, this same amount of income decided to leave over even after all the appropriate and sometimes even matched perfectly expenses incurred have been rounded down again for the duration.What is a disadvantage of buying on account?
O A. It requires partial payment at purchase.
• B. It is very complicated.
O C. It involves making a larger number of payments.
O D. It can become expensive.
Putting money into more than one kind of investment at a time is called liquidity. sunken cost. diversification. compound interest.
Answer:
diversification
Putting money into more than one kind of investment at a time is called diversification.
What is diversification?Diversification is the process of investing in diverse opportunities so as to reduce non-systemic risks. For example, if a person buys the stock of a health care company, in order to diversify, the person might invest in the stocks of an automobile company.
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A company that is organized by function will group its employees into teams based on what?
This organisational structure divides workers into functional areas according to their areas of competence. These functional categories frequently correspond to phases of the value chain like operations, R&D, and marketing and sales.
What is meant by organisational structure?The way tasks are assigned, coordinated, and managed in order to achieve organisational goals is determined by the organisational structure. The foundation upon which standard operating procedures and routines are built is provided by organisational structure, which influences organisational action. Functional, multi-divisional, flat, and matrix organisational structures are the four different types.An organisational structure is a framework for managing specific tasks in order to accomplish a strategic goal. All of these activities have guidelines, expectations, and roles.An organization's structure serves as a tool for its members to carry out their duties in an effective and timely manner as well as for the organisation as a whole to achieve its goals and objectives. In addition to assigning employees their specific work duties and responsibilities, an organisational structure aids management in coordinating and managing operations.To learn more about organisational structure, refer to:
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