If supply increases, what will happen to the price of a product with a perfectly elastic demand? Select an answer and submit. For keyboard navigation, use the up/down arrow keys to select an answer. a increase b no change C decrease d One cannot tell without knowing the size of the change in supply.
Answers
So, the answer is c).
consumers are still not willing to pay a higher price for the product, even though more units of the product are available in the market.
If supply increases, the price of a product with a perfectly elastic demand will decrease. It is because when supply increases, more units of the product will be available in the market, which will result in a decrease in the market price. Perfectly elastic demand means that consumers are highly sensitive to the price changes of the product. In other words, consumers can easily find alternative products in the market that have similar properties, and hence, they are not willing to pay a higher price for the product. Therefore, if the supply of the product increases, there will be a decrease in its price, and the demand for the product will remain constant. This is because consumers are still not willing to pay a higher price for the product, even though more units of the product are available in the market.
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Related Questions
Although the number of event marketing and experiential events has decreased in recent years, the most growth comes from the world's smallest and newest brands.
False
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Although the number of event marketing and experiential events has decreased in recent years, the most growth comes from the world's smallest and newest brands False.
Advertising Campaign. A collection of associated classified ads that specialize in a not unusualplace theme, slogan, and set of marketing and marketing appeals. A precise verbal exchange mission that a marketing campaign have to accomplish for a designated audience at some point of a designated period.
Sales promotion's finest energy is in growing sturdy preference and buy intent. Consumers making habitual shopping for choices are greater considerably worried withinside the decision-making technique than customers making complicated shopping for choices.
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A performance evaluation system can create a conflict of interest between what is best for a manager and best for the organization and its owners, which is called
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A performance evaluation system can create a conflict of interest between what is best for a manager and best for the organization and its owners, which is called an agency problem.
An agency problem arises when there is a conflict of interest between the goals and objectives of the principal (the organization and its owners) and the agent (the manager). The principal wants the agent to act in their best interest, but the agent may have their own personal interests and may not always act in the best interest of the principal. This can lead to a conflict of interest and can have a negative impact on the performance of the organization. To minimize the potential for an agency problem, it is important to have clear and effective communication, alignment of incentives, and proper oversight and accountability.
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Why don't many developing countries benefit from the spread of free trade?
O A. They don't possess important natural resources.
O B. They cannot afford to give foreign aid.
C. They have large trade deficits.
O D. They have weak domestic industries.
Answers
Import and export restrictions are not present in a free trade system. It can also be seen as the free market concept implemented in global trade. Hence option A is correct .
What is Free Trade ?Political parties with economic liberal stances are more likely to support free trade than economic nationalist and left-wing parties, who typically support protectionism, which is the antithesis of free trade.
Today, the majority of countries participate in multilateral trade agreements through the World Trade Organization. The unilateral action of Great Britain, which from the middle of the 19th century through the 1920s decreased import and export controls and levies, served as the best example of free trade.
An alternate strategy is to establish free trade zones between groups of nations through agreements, like the European Economic Area and the open markets of Mercosur.separates that free trade zone from the rest of the world by building a protectionist wall. Most governments continue to enact protectionist measures like charging tariffs to imports or providing export subsidies in an effort to support local jobs.
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If the account is interest bearing, how would you account for the interest when you reconcile your account?
1. subtract the interest from your running balance
2. add the interest to your running balance
3. forget about it since it is probably a small amount
4. keep a separate entry for interest
Answers
Answer:
the answer is 1 I do in fact think
The account for the interest when you reconcile your account is subtract the interest from your running balance Option(1) is correct. Stores have filled unequivocally as of late, despite the fact that there has been no development in interest-bearing protections.
What is Interest Bearing?An interest-bearing record is a kind of financial balance that pays the client an interest rate in return for them storing their cash at the bank.
The return and interest rate offered will change by bank and rely upon the record agreements. They can likewise change over the long run. There are various reasons you ought to open an interest-bearing record.
Not exclusively will you bring in cash from your reserve funds, yet you can keep it where you will not be enticed to spend it. It's dependably really smart to set aside cash and keeping one or even a few records that procure you interest is a shockingly better thought.
Families contribute around two-fifths of their monetary resources in interest-bearing resources. These resources are prevalently held straightforwardly in stores and furthermore through superannuation and other venture reserves.
Therefore Option(1) is correct.
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1.What steps can be taken to preserve the integrity of the Craft Fair
event while still supporting the Art Club amidst budget cuts?
2. Who are the stakeholders involved in Mr. Kim's decision? In what
way(s) are they potentially impacted and to what extent?
3. How transparent should businesses be about their decisions
regarding quality level and pricing? How does this affect trust in the
companies and decisions you make to purchase?
4. Describe a situation in which you were either completely satisfied
with the quality and price of a purchase OR disappointed in the
quality and price of a purchase.
Answers
The steps that can be taken to preserve the integrity of the Craft Fair is: To preserve the integrity of the Craft Fair event while supporting the Art Club amidst budget cuts, several steps can be taken.
What steps can be taken to preserve the integrity of the Craft Fair event? To preserve the integrity of the Craft Fair event while supporting the Art Club amidst budget cuts, several steps can be taken. First, the event organizers could consider reducing the number of vendors and increasing the quality of the products on display. This would help to maintain the prestige of the event and attract buyers who are interested in high-quality, unique items. Second, they could explore alternative sources of funding, such as corporate sponsorships or crowdfunding. Finally, they could consider partnering with other organizations or businesses to co-host the event and share costs. The stakeholders involved in Mr. Kim's decision include the Art Club members, the vendors who participate in the Craft Fair, the buyers who attend the event, the school administration, and the broader community. Art Club members are potentially impacted by potential budget cuts, while vendors may be affected by changes in event quality or pricing. Buyers may be impacted by changes in the quality of products on display or the overall atmosphere of the event. Transparency is important in maintaining trust with customers. Businesses should be open and honest about the quality of their products and services, as well as their pricing policies. This can help to build a reputation for integrity and reliability, which can lead to increased customer loyalty and long-term success. However, it is also important to balance transparency with the need to maintain a competitive edge in the marketplace. Recently, I purchased a pair of running shoes that I was completely satisfied with. The price was reasonable, and the quality was excellent. The shoes were comfortable and durable, and they helped me improve my running performance. In contrast, I once purchased a smartphone that was disappointing in terms of both quality and price. The phone was slow and buggy, and it did not live up to the promises made in the advertising. Additionally, the price was much higher than comparable devices on the market, which made the disappointment even more acute.Learn more about integrity here:https://brainly.com/question/30398377
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To calculate the number of montly payments required to pay off a loan or meet an investment goal, use the _______ function.
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To calculate the number of monthly payments required to pay off a loan or meet an investment goal, use the nper function.
In finance, lending is the lending of money by one or more individuals, organizations, or other entities to other individuals and organizations, etc. The beneficiary incurs a debt and usually has to pay interest on that debt until that debt is also repaid. to repay the principal borrowed.
The promissory note will typically state, among other things, the principal amount of the loan, the interest rate charged by the lender, and the date of repayment. A loan involves reallocation of assets in question over a period of time, between the lender and the borrower.
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How might Russia increase it's overall GDP?
-Build plenty of new conveyor belts for their factories
-Sell a lot of new Russian cars
-Create a major interstate system in Siberia
-All of the above.
Answers
The aforementioned would all aid Russia in raising its GDP. (Choice d)
How is the GDP of Russia calculated?A little over 3.8 percent of Russia's GDP comes from agriculture in 2021, compared to 33.16 percent from manufacturing and 52.91 basis points from services. One among the so-called BRIC nations, the four important emerging markets, is Russia. The planned economy of Russian has progressively given way to a mixed business economy. Natural gas and oil are two of its abundant natural resources. With a nominal GDP of $2.133 trillion, it has the ninth-largest economy in the world and the sixth-largest PPP economy. In 2023, Russia's economy might still be contracting.
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Which of the following is NOT an application used in social business?
A. Communities
B. Crowdsourcing
C. Email
D. Social networks.
E. Blogs and wikis.
Answers
The application that is not used in social business is Communities.
This is because Communities is not an application.Community is just a term that is used to describe a group of people that are living in the same geographical area, often with similar interests or goals.However, Crowdsourcing is an application that is used in gathering information about people such as service providers or consumers.Email is a web application that is used to communicate with people far and near. It can be used to advertise and inform people about a product.Social networks: this is an application in which business owner can use to communicate with his customers or gather new clients. Blogs and wikis: this is also a web application that is used in writing about things or events. It can be used to store product description and promote it to the target consumers.Hence, in this case, the correct answer is option A. "Communities."
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assume the quark division has enough idle capacity to fill the 1,000-unit order. is the division likely to accept the $340 price or to reject it?
Answers
The quark division is likely to reject the $340 price.
Since the question does not provide information about the variable cost or fixed cost associated with the production of the 1,000-unit order, we cannot determine the profitability of accepting the $340 price.
However, if the price is lower than the total cost of production, the division would likely reject it to avoid incurring losses. Moreover, even if the price is above the total cost of production, the division may still reject it if it believes it can obtain a higher price from alternative buyers.
Therefore, without more information about the cost structure and market conditions, it is difficult to determine the division's decision.
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taggart inc. is considering a project that has the following cash flow data. what is the project's payback? year 0 1 2 3 cash flows -$650 $500 $500 $500
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The payback period is used by project managers and business owners to decide which investments to undertake. Your project starts to turn a profit once the payback period is finished and the initial capital investment has been recouped.
What is the main goal of project's payback?The payback period, for instance, is 10 years if it takes you that long to recoup your investment's costs. The return on investment can be easily calculated using the payback time.
Therefore, The sooner you get to this point, the sooner you can start reaping the financial rewards of the project.
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You're playing the slots and "win" twenty-five bucks! You're stoked.
During the past ten weeks, you've won another fifty bucks.
But you've dropped two bucks in the slot machines every day for ten weeks.
Answers
Answer:
what? I need points tho thanks
Flexible benefits plans, known as __________, enable employees to choose benefits best-suited to the employee's particular needs.
Answers
Flexible benefits plans, known as cafeteria plans, are an increasingly popular option for employers to offer their employees.
What is cafeteria plan?These plans give employees the flexibility to select benefits that are most relevant to their individual circumstances, rather than a one-size-fits-all approach.
Cafeteria plans typically include a range of benefits, including health insurance, dental coverage, retirement savings plans, life insurance, and more.
By allowing employees to tailor their benefits package, employers can improve employee satisfaction, engagement, and retention.
Cafeteria plans are also an effective way for employers to manage costs, as employees pay for the benefits they choose, rather than the employer bearing the full cost of providing a fixed benefits package.
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Aaron Medford has invested $600 in the corporate stock of a manufacturer of offshore oil drilling equipment. If the company goes bankrupt, the most Medford could lose would be: Group of answer choices the par value of his stock nothing--the company must reimburse him his investment half of his investment $600 $600 plus foreclosure costs
Answers
if the company goes bankrupt, the most Aaron Medford could lose would be the par value of his stock, which is not specified.
However, it is unlikely to exceed the $600 he invested.If the company goes bankrupt, Aaron Medford could potentially lose the entire par value of his stock, which is the nominal or face value of the shares he owns. The par value represents the minimum amount that the company owes to its shareholders in the event of liquidation or bankruptcy. In this case, the par value of the stock is not mentioned, so we cannot determine the exact amount that Medford could lose.
It is important to note that the par value of a stock is typically very low, often just a few cents or even a fraction of a cent. Therefore, the potential loss for Medford is likely to be minimal if the company goes bankrupt. It is unlikely that the company would reimburse him his investment as that is not a standard practice.
Based on the information given, it is safe to say that Medford's potential loss would not exceed the amount he initially invested, which is $600. Half of his investment, $600 plus foreclosure costs, or nothing (company reimbursement) are not viable options based on the given information.
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Jon is a broker who manages properties. Kevin owns an apartment building that he wants Jon to manage. When negotiating the property management agreement, Jon includes a clause that says if Kevin ever wants to sell the building, he must list it with him. This is an illegal:______
Answers
Answer:
The clause is an illegal provision.
Explanation:
An illegal provision is a clause or condition that is unenforceable by it's very nature. Kevin owns all the legal interest in the apartment. Jon has no legal interest in the apartment.
A legal interest refers to the right to legally possess and use a property. This right is enforceable under the law.
If Jon as a broker co-owns the apartment, then the clause or provision he inserted becomes legal. Given that he doesn't, the clause is void ab initio.
Cheers!
what is the purpose of creating a prototype?
Answers
Answer:
Prototypes provide a way to see how a possible product, idea, design, etc., would function in natural environments (not in the lab/workshop), but in the real world. They also can let designers, and those building it see if there are anything that needs to be changed or altered.
One of the roles of the US government is to ensure that the country is financially stable. Which of the following is the term for the government’s power to spend and tax? Select one: a. Fiscal policy b. National debt c. Expansionary policy d. Contractionary policy
Answers
Answer:
Fiscal policy
Explanation:
Fiscal policy refers to the actions of governments of adjusting taxation and spending to influence economic direction. The governments aim at maintaining stable prices and steady economic growth. Though several agencies, the state monitors economic indicators and adjusts its spending and taxation accordingly.
The fiscal policy combines with monetary policy to achieve the desired effects. In times of recessions, fiscal policy is used to stimulate economic growth.
Please use the following table for question 3: % of Fund $ Value General Partner 22% Investor A 19% Investor B B 17% Investor C 14% Investor D 16% Investor E 12% Total Fund Capital 100% $322m If the fund increases by $74m, how much did investor C's share increase by? $10.36m $11.84m $9.15m $14.06m
Answers
Investor C's share increased by $10.48 million. The closest answer choice is $10.36 million, To calculate the increase in investor C's share, we need to first determine the total increase in the fund's value.
The total fund capital is $322 million, and if it increases by $74 million, the new total fund capital would be $396 million.
Next, we need to determine the percentage of the new fund value that belongs to Investor C.
Investor C's initial percentage of the fund was 14%, which is equivalent to $44.96 million ($322 million x 14%).
To determine Investor C's new share of the fund, we multiply their initial percentage by the new fund value:
$396 million x 14% = $55.44 million
Finally, we subtract the initial share from the new share to determine the increase:
$55.44 million - $44.96 million = $10.48 million
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When the price of tacos rise 4 percent, the quantity demanded decreases 10 percent. What is the price elasticity of demand for tacos? 40.0 2.5 0.4 25.0 Total revenue increases if the price of the good rises and demand is inelastic. falls and supply is inelastic. rises and demand is elastic. falls and demand is unit elastic.
Answers
The price elasticity of demand for tacos is 2.5.
Price elasticity of demand measures the responsiveness of quantity demanded to a change in price. It is calculated by dividing the percentage change in quantity demanded by the percentage change in price. In this case, the price of tacos increases by 4 percent, and as a result, the quantity demanded decreases by 10 percent.
To calculate the price elasticity of demand, we use the formula:
Price elasticity of demand = (% change in quantity demanded) / (% change in price)
In this case, the % change in quantity demanded is -10 percent (-10%) because it has decreased, and the % change in price is 4 percent (4%) because it has increased. Plugging these values into the formula, we get:
Price elasticity of demand = (-10%) / (4%) = -2.5
The negative sign indicates that tacos are an inferior good, meaning that as the price increases, the quantity demanded decreases. The magnitude of 2.5 indicates that the demand for tacos is relatively elastic. A price elasticity of demand greater than 1 suggests that a small change in price leads to a relatively larger change in quantity demanded.
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Question 29 of 35 < View Policies Current Attempt in Progress Bonita Industriesrecorded operating data for its shoe division for the year. The company's desired return is 5%. Sales $2300000 Contribution margin 230000 Total direct fixed costs 120000 Average total operating assets 460000 Which one of the following reflects the controllable margin for the year? O $110000 O 10% O $60000 O 50% -/5.72 E
Answers
The controllable margin for the year is **$110,000**.
Controllable margin is calculated by subtracting the allocated fixed costs from the contribution margin.
Given:
Sales = $2,300,000
Contribution margin = $230,000
Total direct fixed costs = $120,000
Controllable margin = Contribution margin - Total direct fixed costs
Controllable margin = $230,000 - $120,000
Controllable margin = $110,000
Therefore, the controllable margin for the year is $110,000.
Calculate the controllable margin by subtracting the total direct fixed costs from the contribution margin.
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Which of the following is not one of the three primary duties of a probation officer?
a. serving subpoenas to witnesses
b. risk assessment and classification
c. probation investigation
d. supervising offenders
Answers
The answer is: a. serving subpoenas to witnesses. The three primary duties of a probation officer are risk assessment and classification, probation investigation, and supervising offenders.
These responsibilities are related to managing and monitoring individuals who have been placed on probation as an alternative to incarceration or as part of their sentence. Risk assessment and classification involve evaluating the level of risk posed by individuals under probation, determining appropriate supervision levels, and implementing strategies to reduce the likelihood of reoffending.
Probation investigation entails conducting background checks, gathering information about the probationer's circumstances, and providing recommendations to the court regarding conditions of probation. Supervising offenders involves monitoring probationers, ensuring compliance with court-ordered conditions, providing guidance and support, and facilitating their successful reintegration into society. Serving subpoenas to witnesses is typically not a primary duty of a probation officer. This task is more commonly associated with the responsibilities of law enforcement officers, court officials, or legal professionals involved in the judicial process.
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the first-order conditions for a monopoly to maximize profits are all true except multiple choice dr(q)/dq = dc(q)/dq. dπ(q)/dq = 0. mr(q) > mc(q). mr(q) = mc(q).
Answers
The first-order conditions for a monopoly to maximize its profits are all true except for option A. dr(q)/dq = dc(q)/dq.
The first-order conditions for a monopoly to maximize its profits are the conditions that must be met at the point where marginal revenue (MR) equals marginal cost (MC). At this point, the monopoly is producing the optimal level of output that maximizes its profits. The four first-order conditions are:
A. dr(q)/dq = dc(q)/dq: This condition implies that the marginal revenue (MR) and marginal cost (MC) curves intersect at the point where the monopoly maximizes its profits. If this condition is not true, the monopolist will not produce the optimal level of output.
B. dπ(q)/dq = 0: This condition implies that the monopolist is maximizing its profits at the optimal level of output. If the monopolist produces more or less than the optimal level of output, its profits will be lower.
C. MR(q) > MC(q): This condition implies that the monopolist is producing the optimal level of output where marginal revenue (MR) exceeds marginal cost (MC). If MR is less than MC, the monopolist is producing too much output, and its profits will be lower.
D. MR(q) = MC(q): This condition is the most important of the first-order conditions. It implies that the monopolist is producing the optimal level of output where marginal revenue (MR) equals marginal cost (MC). At this point, the monopolist maximizes its profits.
In conclusion, The intersection of the MR and MC curves is the key to finding the optimal level of output and maximizing profits. A monopoly has significant market power, and it is essential to find the optimal level of output to avoid producing too much or too little output, which can result in lower profits.
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Consider the impact of the technology on the operations performance objectives.
Quality
Speed
Dependability
Flexibility
Cost
In addition to the immediate impact on operations performance, does the technology have any significant impact on the strategic or societal objectives.
Societal (e.g. TBL)
Strategic (Learning, Risk, Capital, Cost and Revenue)
Answers
Quality: Technology may improve the quality of goods and services by automating procedures, cutting down on mistakes, increasing accuracy, and providing in-the-moment quality control and monitoring. Speed: Using technology to automate processes, streamline workflows, shorten cycle times, and enable quicker data processing and communication may boost operational speed.
Society has undergone substantial transformation as a result of technological breakthroughs. The first technology that has been identified is the stone tool, which was employed during prehistoric times.
This was followed by the communication ability to regulate fire, which helped the human brain expand and language to emerge during the Ice Age. In the Bronze Age, the wheel was created, which facilitated increased mobility and the development of more sophisticated machinery.
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As a manager, business owner or human resource representative,
why is it important to understand local employment trends?
Answers
As a manager, business owner, or human resource representative, it is important to understand local employment trends for several reasons.
What are they?1. Hiring and recruitment:
By understanding local employment trends, you can identify the skills and qualifications that are in high demand in your area.
This knowledge allows you to tailor your job descriptions and recruitment strategies to attract the most qualified candidates.
For example, if the local trend shows a high demand for digital marketing skills, you can prioritize hiring candidates with expertise in that area.
2. Compensation and benefits:
Local employment trends can also help you determine competitive compensation and benefits packages for your employees.
If the trends indicate a shortage of workers in a specific industry, you may need to offer higher salaries or additional perks to attract and retain top talent.
Conversely, if the trends show a surplus of candidates in a certain field, you can adjust your compensation packages accordingly.
3. Workforce planning:
Understanding local employment trends allows you to anticipate future labor market conditions.
This knowledge is crucial for effective workforce planning, such as identifying potential skill gaps or predicting future talent shortages.
For instance, if the trends suggest a decline in the availability of skilled workers in a particular industry, you can take proactive measures like offering training programs or partnering with local educational institutions to develop the necessary skills within your workforce.
4. Business growth and expansion:
Local employment trends can also inform your business growth strategies.
If the trends indicate a growing market for your products or services, you may consider expanding your operations or opening new locations in those areas.
Conversely, if the trends show a decline in demand for your offerings, you can explore diversification or target new markets to ensure the long-term viability of your business.
In summary, understanding local employment trends is crucial for hiring and recruitment, determining competitive compensation, workforce planning, and informing business growth strategies
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Today's boards are being exhorted not only to raise money and promote the organization but also to:
Answers
Today's boards are being exhorted not only to raise money and promote the organization but also to be more aggressive in monitoring performance.
What Is the Function of a Nonprofit Board of Directors?Private companies and governmental entities don’t begin to fulfill many of the services that the general public needs. This is why governments created a structure that provides tax exemptions for nonprofit organizations. Governments designed the nonprofit structure so that boards are responsible for managing public donations responsibly, and don’t take advantage of not having to pay taxes. The board directors are the leaders who provide strong organizational structure. The Internal Revenue Service (IRS) doesn’t specify exactly who may serve on a nonprofit board of directors, so boards have the flexibility to appoint whomever they choose.The nonprofit realm has developed best practices to address areas of nonprofit operations that state and federal governments omit.
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Jupiter Inc. ’s shares are currently being traded at their intrinsic value of $105 each. The company is expected to pay a dividend of $3. 20 next year, which is expected to grow at a constant rate forever. Given a required rate of return of 13%, the growth rate in dividends is closest to:
Multiple Choice
9%
9. 95%
25%
30%
Answers
The growth rate in dividends is closest to 9.95%.
1. To find the growth rate in dividends, we need to use the Gordon Growth Model, which is given by the formula:
Dividend Growth Rate = (Dividend per Share / Intrinsic Value per Share) - 1
2. In this case, the Dividend per Share is given as $3.20, and the Intrinsic Value per Share is given as $105.
3. Substituting these values into the formula, we have:
Dividend Growth Rate = ($3.20 / $105) - 1
4. Simplifying the expression, we get:
Dividend Growth Rate = 0.030476 - 1
Dividend Growth Rate ≈ -0.969523
5. Since we are looking for a positive growth rate, we take the absolute value of -0.969523, which gives us approximately 0.969523.
6. Finally, to convert the growth rate to a percentage, we multiply by 100, giving us a growth rate of approximately 9.95%.
Therefore, the growth rate in dividends is closest to 9.95%.
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Assume that projected revenue for 2018 is 1,231,414. also assume the following projected 2018 costs in each of the cost categories from question one: packaged (cans & bottles) $122,939 kegs $73,637 shrinkage/wip loss $42,000 contract labor $9,000 direct labor $240,000 inbound freight $18,000 consumer advertising $30,000 trade promotion $30,000 sales promotion $18,000 salaries & benefits $180,000 given these costs, compute shannon's projected contribution margin in dollars.
Answers
Shannon's projected contribution margin for 2018 is $486,838.
To compute Shannon's projected contribution margin in dollars, we need to subtract the total projected costs from the projected revenue.
Projected revenue for 2018: $1,231,414
Projected costs:
Packaged (cans & bottles): $122,939
Kegs: $73,637
Shrinkage/WIP loss: $42,000
Contract labor: $9,000
Direct labor: $240,000
Inbound freight: $18,000
Consumer advertising: $30,000
Trade promotion: $30,000
Sales promotion: $18,000
Salaries & benefits: $180,000
Total projected costs = $122,939 + $73,637 + $42,000 + $9,000 + $240,000 + $18,000 + $30,000 + $30,000 + $18,000 + $180,000 = $744,576
Projected contribution margin = Projected revenue - Total projected costs
= $1,231,414 - $744,576
= $486,838
So, Shannon's projected contribution margin for 2018 is $486,838. This represents the amount of revenue that remains after subtracting all the variable and fixed costs associated with producing and selling the product. It is the amount that can be used to cover fixed expenses and contribute towards profit.
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Journal entry for paid telephone rent for the year by Cheque Rs. 500.
Answers
Answer:
telephone rent A/c. Dr. Rs.500
To bank A/c. Rs.500
(being telephone rent paid )
The journal entry of the payment of telephone expenses is that the telephone expenses account is debited to record the expense incurred. The bank account is credited to record the payment made by cheque.
Here is the journal entry for paid telephone rent for the year by Cheque:
The journal entry to record the payment of telephone expenses by cheque is as follows:
Date Account Titles and Explanation Debit Credit
--------------------------------------------------------------------------------
2023-07-18 Telephone expenses $500
Bank $500
(To record the payment of telephone expenses by cheque.)
The telephone expenses account is a nominal account, which means that it is used to record expenses. The bank account is a real account, which means that it is used to record assets. The debit and credit entries are equal in amount, which means that the accounting equation is balanced. The journal entry is dated July 18, 2023, which is the date on which the payment was made. The explanation for the entry provides a brief description of the transaction.
In summary, the journal entry records the payment of telephone expenses by cheque. The telephone expenses account is debited to record the expense incurred. The bank account is credited to record the payment made by cheque. The debit and credit entries are equal in amount, which means that the accounting equation is balanced.
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career question #35 easy
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2.which of the following statements best describes a keynesian approach to economics? a)aggregate demand is the most important driving force in the economy, but free-markets have no self-balancing mechanisms that lead to full-employment; therefore, government intervention is often necessary to stabilize an economy. b)politics determines economics, the nature of economics is conflictual, and the main actors are nation-states; therefore, the main goal of economic activity is the maximization of national interest. c)individual freedom to pursue interests/wealth in an open market free of government interference with the role of government to primarily protect property rights. d)resources flow from a periphery of poor and underdeveloped countries (global south) to a core of wealthy states (global north) enriching the latter at the expense of the former. poor countries are systemically locked into this unfavorable situation.
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Option a is correct. The main economic driver is aggregate demand, but since free markets lack self-balancing mechanisms that lead to full employment, stabilising an economy frequently requires government intervention.
A macroeconomic theory known as Keynesian economics examines the total amount of spending in the economy and how it affects production, employment, and inflation. In an effort to comprehend the Great Depression, British economist John Maynard Keynes created it in the 1930s.
The fundamental tenet of Keynesian economics is that economic stabilisation may be achieved by government intervention. Keynes' theory was the first to clearly distinguish between the study of individual motivations and economic behaviour from those of broad aggregate variables and conceptions.
Keynes' theory led him to propose higher government spending and lower taxes as a way to boost demand and rescue the world economy from the Great Depression. Later, the term "Keynesian economics" was used to describe the idea that economic performance could be optimised and economic downturns might be avoided.
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Allen Furniture Company is considering offering an inexpensive line of college dorm and apartment furnishings. If they move forward, they will renovate part of their store to accommodate this new stock. Before spending the money to redesign the store, they first want to find out customer interest. In a short response of approximately 100 words, describe some of the steps they should take as they consider this project.
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Answer:
Allen Furniture Company should look into conducting a survey to gauge customer interest to find what they look for, need, and find attractive. They could do so by going to college campuses and conducting random interviews. For their apartment furnishings, they could look online to see what kind of product sell and do an analysis of customer interest that way and they could also conduct a survey for people that live in apartments. They could also look into a consultant that specializes in the field and is experienced with what customers like or want.